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Newspaper
Philadelphia Times
Location
Philadelphia, Pennsylvania, United States of America
Date
Jun 14, 1901
Page
8
The market sees activity in Pennsylvania Railroad stock with over 21,100 shares changing hands as arbitrage and profit taking unfold. Union Traction and Philadelphia Traction draw attention while Electric and People’s 4s hold near 94%, and United Gas trades sparsely.
Treasury reports New York banks lost 473000 since Friday while secretary bought 49300 of four percent bonds at 113 83. Western Union earned about five percent for year ended June. railroads April totals show gross up 12.87 percent and net up 16.87 percent. Lit Brothers began trading after listing with 50 shares sold at 10. Pennsylvania Rail Road stockholders face deadline for new stock subscription. London sentiment improves on South Africa peace hopes. Pennsylvania Railroad coal tonnage reaches 646352 last week, year to June 8 total 14517968 up 132082. National bank notes redeemed 559000. internal revenue 885835. customs 768511. miscellaneous 681017. expenditures 1500000. Pettit elected to United Security Life board to fill Troutman vacancy. American Railways Electric Company lists details pending examinations. Louisville and Nashville 1.5 million four percent bonds added to NYSE listing total 24994030. President Brown of American Alkali will consider plans after trip to Sault Ste Marie. Bank rate reductions anticipated in Europe. money on call Philadelphia 4 percent, with softer rates. City Treasurer Moore reports receipts 205508.21 payments 588751.36, balance 13415617.46. Union Traction question about Focht and Emery laws affecting stock value.
A list of various street and electric railway stocks with prices and notes. Entries include American Railways 50 paid, Baltimore United Railways 4 percent preferred, Citizens' Passenger Railway, Columbus Street Railway, Consolidated Traction of New Jersey and Pittsburg, Dayton Traction, Duquesne Traction, Fairmount Park lines, Frankford & Southwark, Germantown Passenger, Green & Coates 15 paid, Hestonville issues, Holmesburg Tacony Frankford.
The article cites financiers including J. P. Morgan and others as discussing a potential late month settling of differences among major interests like Morgan Harriman Rockefeller Gould. It notes expectations of a dull summer market with rising stock sales and questions about who controls Pennsylvania Steel and its relation to the Steel Trust.
Money on call at the Stock Exchange opened at 2 percent and closed at 2 percent with highs of 3 percent. Time money offered with ease, demand good, rates 3 percent to 30 days or four months, 4 percent longer. Interior money unchanged with four key points noted, including a Bank rate cut to 3 percent and historical rate comparisons.
Bank clearings yesterday rose versus the same day a year earlier, with higher activity in multiple districts. Figures show stronger lending and consumer transactions as banks report brisk business and seasonal turnover.
New York stocks see a notable rise with total turnover near one million shares. Pennsylvanian, Colorado Fuel, and Union Pacific command attention amid Gould Harriman activity and speculation on rail mergers, with several rail and industrial issues advancing 1 to 6 points.
The Outside Market in New York reported fair activity with irregular prices. Notable moves included American Locomotive Company common at around 36 and 36 on 600 shares, United States Duck common up to 33, and American Can common easing to 26 with 200 preferred at 76. Bond activity included Consolidated Tobacco 4 per cent at 70 and Erie 4 per cent bonds up slightly. Copper stocks showed modest gains with several firms quoted.
Unclear OCR text presents a New York stock summary with figures and percentages for various companies such as General Electric Glucose Iowa Central Inter Paper Int Power and others. The readable lines show prices and prefixed notes like 200 and 400, with percentages around 52 and 70 percent, but many items are garbled. The fragment lacks coherent narrative or dates.
Yesterday's and Wednesday's closing bids and asks show varied activity across several listings. The report lists multiple stocks with fractional quotes and inconsistent spellings, highlighting a fluctuating market and notable price changes.
The page fragment shows a chaotic mix of numbers and fragments including bond sale references, percentages, and stray letters. It hints at financial data such as bids and yields, with scattered client or security identifiers and European style typography, but lacks coherent sentences or a clear single event.
The report lists closing quotations for unlisted securities with par value ten dollars and related notes. The data includes prices in various currencies and mentions London and New York markets, reflecting a snapshot of 19th or early 20th century financial activity, as reported by The Philadelphia Times.
The Boston market shows strength in Agricultural Chemicals with a 1 percent rise to 34 and preferred up to 89. Shoe Machinery strengthens at 86 with preferred 25, while Massachusetts Electric remains in demand near 39 and 96 preferred. United Fruit drops six points to 108, then recovers to 100. The report lists active stocks and sales prices, noting New York levels omitted.
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