Double Stamp Tax Challenge for Stock Orders in Buckets Case
Washington details the push to overturn Internal Revenue Commissioner Yerkes ruling on a double stamp tax for stock orders. If upheld, brokers must stamp both unexecuted orders and executed trades, aiming to curb bucket shops and possibly reach the Supreme Court for a final decision.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue
Yerkes
Supreme Court
S. V. White
Internal Revenue Bureau
Yerkeley
Tax on National Banks and Their Circulation Tax Update
Commissioner Yerkes notes national banks face two taxes: the annual internal revenue tax of two dollars per thousand of capital stock and a monthly circulation tax of one twelfth of one percent based on average circulation. April 1901 reports show national banks’ loans to each other rising by over 20 million, while banks, trust companies, and savings funds largely held steady.
MENTIONED IN THIS ARTICLE
Yerkes
United States
Dawes
European stock markets steady amid optimism and rate cut
June 13 London markets show Consols higher at 98 15-16 for the account with money abundant and discounts steady. Spanish 4s closed up 71% while Canadian Pacific and Anaconda fluctuated. Gilt edged securities strong and bank rate cut aids settlements, with American stocks opening uncertain then rallying. Anticipation of peace news from South Africa persists.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Censels
South Africa
New York Stock Exchange
Paris Markets Steady Amid Mixed Bond and Stock Moves
French 8 per cent Tentes closed higher on small gains at 101. Spanish 4s steadied near 72, with week’s slip checked by late buying. London influences eased as English bank rate fell but settlement effects cooled activity and left trading dull in afternoon sessions. Rio Tinto and Kaffir prices showed mixed moves.
MENTIONED IN THIS ARTICLE
Paris
Tentes
Berlin Market Stages Business Dull With Weak Bank Stocks
June 18 Berlin stock market shows dull business across the board with bank stocks particularly weak amid unsatisfactory trade conditions. Bond funds ease slightly as Bank of England discount rate declines and Transvaal rails show weakness.
MENTIONED IN THIS ARTICLE
Berlin
Bank of England
Transvaal
Bank of England reports weekly rise in gold holdings
Bank of England shows an increase of 587 255 pounds in gold coins and bullion for the week raising reserves to 52.15 percent from 51.20 last week. The report also details changes in notes, deposits, and securities with figures compared to the prior year. The Bank of France also issued its weekly changes.
MENTIONED IN THIS ARTICLE
Bank of England
Ces Vocecass Inc
Inc
Undia
Bank of France
Bank in liquidation linked to London firm collapse
In London’s King’s Bench a compulsory winding up order was issued today against the British America Corporation. Shareholders had agreed June 3 to pursue voluntary liquidation. The firm was closely tied to the London and Globe Finance Corporation, whose suspension last December excited the London Stock Exchange. Lord Dufferin served as director of both corporations.
MENTIONED IN THIS ARTICLE
London
Kings Bench
British America Corporation
London and Globe Finance Corporation, Limited
London Stock Exchange
Lord Dufferin
British America
London and Globe Corporation
German bank in trouble bets on state support
Berlin reports a run on the Dresden Credit Apsalt continues. Directors resolve to declare the concern bank s focmans to a ee Dresden dispatch to correspondent about a dozen emailer banks and electric companies.
MENTIONED IN THIS ARTICLE
Berlin
Dresden
Bank of Bombay cuts discount rate to six percent
News brief reports in Bombay that the Bank of Bombay reduced its rate of discount to six per cent. In Paris markets on June 13 quoted three cent francs rente at 101 francs 7% centimes. Berlin exchange on London listed 20 marks 49 pfennigs for checks.
MENTIONED IN THIS ARTICLE
Bombay
Bank of Bombay
Paris
Arenes
Berlin
London
German Imperial Bank reports gold stock at high level
The president said the bank’s gold stock is at its highest since 1895. The Reichsbank received 750000 dollars in gold from New York during May.
MENTIONED IN THIS ARTICLE
German Imperial Bank
Reichsbank
New York
Bank of England Cuts Discount Rate Again
London reports the Bank of England reduced the discount rate from 3 percent to 2 percent today, marking a second cut within two weeks.
MENTIONED IN THIS ARTICLE
London
Bank of England
Foreign Gold Premiums Reported In London Markets
June 13 London gold premiums show SollenshF nepe Ayres at 133.20 Madrid at 38.82 and Lisbon at 39.50 as quoted today.
MENTIONED IN THIS ARTICLE
London
Sollenshf Nepe* Ayres
Madrid
Lisbon
Market Reports Show Mixed Wheat Activity and Export Demand
Receipts 19 007 bushels and shipments 32 800 bushels with stock 482 202 bushels. Market opened weak with July options in Chicago then firmed on export demand. Private export sales 24 000 bushels. Various bid and ask levels for No 1 Pennsylvania red No 2 red and other grades. receipts 154 052 bushels shipments 206 358 bushels stock 269 075 bushels. Market unsettled, declined on good crop prospects and selling in other centers. Export inquiry moderate. car lots dull and lower with some bids and asks for No 2 and No 3 red and mixed varieties.
MENTIONED IN THIS ARTICLE
Chicago
Pennsylvania
Delaware
Market for car load offers dull with mixed lots sold
Receipts 8000 bushels and 9136 bushels shipped left stock at 189122 bushels. Market for car load offerings was ample and dull by a shade. Export inquiry light. Sales included 1 car No 2 mixed natural at 32c, 4 cars No 2 white clipped at 34c, and 4 cars do choice at 34 to 34.0c.
Receipts Show Wheat Decline Pressures Milling Prices
Prices for winter and spring wheat and various flour grades fell as millers report weak demand and cautious robber activity shifts to small lots. Quoted ranges include winter super around 2.10 to 2.25 and patent up to 6.50 to 9.90 in sacks. city mills ranges also noted.
MENTIONED IN THIS ARTICLE
Adrar
Straight
Taka Ac
Geatent
Ieee
Vorite
City Mills
Extra
Clear
Rye flour prices hold steady in trade notes
Rye flour moved slowly and remained largely unchanged at 2.75 to 2.90 per barrel depending on quality as market reporters noted.
Market Dairy Prices Hold Firm Amid Steady Demand
Demand stays strong for fancy and solid packed grades with prices firm. Moderate offerings observed. medium grades remain quiet. Western creamery extra 19 1/2 to 19 3/4 cents. firsts 18 1/2 to 18 1/2 cents. prints extra wholesale 20 cents. Jobbing 21 to 24 cents.
Fresh stock market report with steady demand
Market steady with fair demand for fine fresh stock and moderate offerings. Quotes include Pennsylvania and nearby regions with loss off, Western with loss off, and Tale to good fresh stock priced 12a13c.
MENTIONED IN THIS ARTICLE
Pennsylvania
Western
Market Poultry Prices Steady With Fair Demand Quoted
Poultry prices were in moderate supply and steady with fair demand. Hens quoted at 14 to 12 cents, old roosters at 4 to 5 cents, spring chickens three to four pounds per pair at 22 to 28 cents, and lighter two and a half pounds per pair at 16 cents.
Market Report Prices for Fowls and Poultry
Sold fairly and ruled steady with moderate offerings. Fresh killed fowls ranged 10¢ to 12¢, old roosters 6¢, broilers 15¢ to 20¢, near by weiceg nienda to-eat 25c, frozen 11¢ to 13¢.
Fruit Prices From California to Florida Markets
A fragment lists fruit prices across regions with figures for oranges navels strawberries huckleberries gooseberries blackberries cherries watermelons and peaches. Entries show per box per quart per pound and per hundred with various price ranges and misread spellings.
MENTIONED IN THIS ARTICLE
California
St. Michaels
Florida
Cartier
Vegetable prices and demand noted in liberal receipts
Receipts showed strong demand for desirable vegetable lots with quoted prices including potatoes at various barrel rates, cabbage, cucumbers, beans, wax beans, tomatoes, and greens. The listing reflects regional sources such as Southern potatoes, Norfolk cabbage, and Florida and Mississippi tomatoes.
MENTIONED IN THIS ARTICLE
Norfolk
North
Price Levels and Adjustments in Refiners’ Offerings
The report notes nominally unchanged list prices with McCahan shading bids by 5 points on prompt delivery orders while refiners shade soft grades by 5 to 10 points on out of town orders. Refiners’ prices include a 15 cent per 100 pounds rebate after thirty days.
MENTIONED IN THIS ARTICLE
McCahan
Market Beef and Pork Prices in Local Listings
The notice lists various cuts and prices for beef and pork including city beef, Western beef, knuckles and tenders, hams, and family pork. Prices cited show a range from given small figures to large totals, reflecting moderate demand and varied curing methods.
MENTIONED IN THIS ARTICLE
City Beef
the. Belites le
Market Report on Hay and Straw Supplies and Prices
Receipts total 210 tons of hay and 4 cars of straw. Supplies of hay were liberal and demand weak. Rye and oat straw in moderate supply and steady. wheat straw weak under free offerings. Quotations mix of figures with unclear markings.
MENTIONED IN THIS ARTICLE
MT Pall Daten
Winter bran price notes in bulk and sack terms
A brief price report notes winter bran offered in bulk at 950 ec per mn and in sacks by size per ton, with site details implied.
Fragmented OCR yields sparse local item
Readable fragments show a brief public notice with few concrete details. Names, dates, and places are unclear, leaving the core action and responsible authorities only partially identifiable.
New York Prices Reported for Flour and Grains
June 13 New York wholesale market notes 540 barrels flour exports and 1 210 barrels exports total, rye flour dull, cornmeal steady, barley steady with 10 250 bushels barley reported as well. The report records regional price activity and inventories for grain products in a concise market brief.
MENTIONED IN THIS ARTICLE
New York
Market closes firm amid wheat crop news and export demand
The session opened with steady demand for grains before slipping on mixed crop news and selling pressure from foreign markets. Afternoon buying resumed on export demand and Wall Street purchases, with corn and oats showing gains and several commodities trading mostly steady to lower.
New York Cotton Market Moves on Nervous Selling
In New York on June 13 the cotton futures market opened weaker with near months 6 to 9 points lower and months 3 points lower to 1 point higher. A later rally faded as Liverpool’s poor stock led to fresh liquidation. by noon the market steadied but remained 2 to 7 points down from yesterday with bears pressed by bad weather and crops signals. Shorts covered late as expectations of bullish Liverpool weather reports rose, pushing prices back toward night’s final levels, ending slightly higher overall.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Shorts
Cotton belt reports mixed but hopeful season prospects
Dispatches from the cotton belt describe unfavorable early weather injuring seed and boosting replanting costs, yet acreage rises 5 to 10 percent while forecasts for a full yield improve with better weather. Wool growers report a satisfactory season with larger clip size, better quality, and fewer losses, though labor scarcity and high grain crops complicate field work.
MENTIONED IN THIS ARTICLE
New York
Dan
Texas
Wheat and corn futures falter on export and damage reports
Chicago market reports show wheat led a downtrend aided by crop damage in Illinois and Kansas and large export sales. July corn weakens before a late rally as weather improves and demand persists. Provisions stay weak early, pork soft, lard and ribs later firm, with export and harvest data noted for guidance.
Live Stock Quotations From New York and Cincinnati
June 18 New York cattle bids steady with no light-weight sales. Cables show live cattle 0.0 to 12 cents per pound, sheep unchanged, refrigerator beef at 9 to 9.5 cents. Calves receipts 1000+ with no major trades. prime veals at 5.25. Lambs and yearlings mixed. hogs strong with Western market around 6.55. Cincinnati reports cattle steady around 2.25 to 8.45, lambs quiet.
MENTIONED IN THIS ARTICLE
New York
Syabe
Cincinnati
Seiten
Market quotes show steady to strong livestock bids across regions
Receipts and prices vary with cattle calves and sheep showing mixed demand. Texas bulls trade around 2.76 to 4.25 per unit with top hogs near 6.20 to 6.25, heavy cattle around 5.05 to 6.20, and sheep and lambs priced from 3.60 to 5.80 with yearlings and natives mixed in value.
MENTIONED IN THIS ARTICLE
Texas
St Tone
Lamba East Liberty
Credit Balance and Shipment Totals for OW City
In OW City Virginia on June 13 credit balances totaled 1.06. Certificates received no bids. Shipments amounted to 194,589 barrels with an average of 95,585 barrels. Tons were 82,936 barrels with an average of 78,870 barrels.
MENTIONED IN THIS ARTICLE
OW City
Crop outlook improves along Northwestern line amid rains
Chicago reports unprecedented crop prospects for the Northwestern line as heavy rains curb damage. Corn recovers from earlier delays and traffic remains strong with firm rates. Op penheim of the Chicago Great Western cites no Minnesota or Dakota crop damage and solid earnings. Northern Pacific notes sharp improvements after widespread rains Tuesday night.
MENTIONED IN THIS ARTICLE
Chicago
New York
Oppenheim
Chicago Great Western
St. Paul
Minnesota
Dakotas
Great Western
Paul
Philadelphia Breadstuffs Exports Fell Over One Million
Exports of breadstuffs from Philadelphia last month fell by more than 1 million dollars with total shipments at 2,698,229 dollars versus 3,700,679 in May 1900. Corn accounted for the loss while wheat exports rose slightly, other ports saw smaller declines, and oats rose nationwide though Philadelphia lagged in wheat flour again.
MENTIONED IN THIS ARTICLE
Philadelphia
New York
Baltimore
Newport News
New Orleans
Philadephia
Boston
Gulf Ports
Iron Age May production sets new national record
May production breaks prior records per Iron Age returns with May 1 figures higher than any month. By June 1 weekly output up 13 380 tons from May 1, while pigiron on hand declined 30 565 tons in May. Decline mainly in the east as stocks fall while eastern furnaces rise.
New Delaware Companies Chartered
Special to The Philadelphia Times Dover June 13 charters granted Tabasco Plantation Company capital 2 1 0 0 0 0 to acquire lands in Mexico Burrows Gas Light Company capital 7 5 0 0 0 Commercial Dar en Compa capital 0 0 0 0 0 Turbine Company capital 1 0 1 0 0 Raniterium Risk Testitute Company capital 0 1 0 0 0 Washington United States Union Company Philadelphia capital 1 9 0 6
MENTIONED IN THIS ARTICLE
Philadelphia Times
Dover
Del
Tabasco Plantation Company
Capital
Mexico
Burrows Gas Light Company
Bostos
Compa .Ital
Kia Wilmington
Cap‘a
Land
We Upton Company
United States
Ution Company
Philadelphia
Erie Railway moves to seize Pennsylvania Coal stock stake
The Erie Railway sues to take up $5 million of Pennsylvania Coal Company stock bought at 52. The coal firm reports gross receipts of $1,703,136 and net earnings of $406,387 for about two and a half months ending March 31. Balance sheet shows current liabilities $438,531 and real estate $2,000,744. A 10 cent per ton charge on coal mined is proposed to fund a sinking fund.
MENTIONED IN THIS ARTICLE
Erie Railway
Pennsylvania Coal Company
Treasury
Thorne
Erie and
Wyoming Valley Railroad
Dunmore Tron and Steel Company
Baltimore and Ohio dividend suit clarifies preferred stock rights
Maryland Court of Appeals ruled that Baltimore and Ohio Railroad preferred stockholders are entitled to only the four percent guaranteed profit. The case, initially pushed by Pennsylvania Railroad which sought broader earnings for preferred holders, notes Pennsylvania’s later shift to hold more common shares.
MENTIONED IN THIS ARTICLE
Annapolis
Maryland Court of Appeals
Baltimore and Ohio Railroad Company
Pennsylvania Railroad
Baltimore and Ohio
Missouri Pacific Dividends and Merger Prospects
Missouri Pacific directors are to meet in New York Monday with expectations that a dividend will be discussed. Some directors favor a five percent quarterly dividend. The Texas and Pacific merger is not immediate but seen as likely in the future, as the acquisition would boost Missouri Pacific earnings.
MENTIONED IN THIS ARTICLE
Missouri Pacific
New York
Gould
Texas and Pacific
Chester County Trolleys Win Eight Charters at Harrisburg
Eight trolley line charters were granted in Harrisburg under Emery-Focht laws for Chester County routes. Incorporators include Albert D. Kelly Samuel A. Boyle Jr Thomas W. Broom Gerald J. Lyons and James J. Mitchell. George Q Storwitz secured the charters as general counsel for the companies. Seven charters reuse existing routes while one covers a new line from Philadelphia to Paofl.
MENTIONED IN THIS ARTICLE
Harrisburg
Chester County
Albert D. Kelly
Samuel A. Boyle, Jr
Thomas W. Broom
Philadelphia
Gerald J. Lyons
Coatesville
James J. Mitchell
Hamilton Post Office
George Q. Storwitz
Paofl
Chicago Union Station to Rise in City Plan
Chicago officials describe a new joint terminal by Lake Shore and Rock Island Roads in Chicago costing $1,000,000. The structure will imitate German and French stations, with a 130 foot ten story main building and eight office floors above. General Lake Shore offices will move from Cleveland once ready, with completion set for December 1, 1992.
MENTIONED IN THIS ARTICLE
Chicago
Lake Shore
Rock Island
Germany
France
Cleveland
Rail mergers and leadership denials prominent in regional lines
S M Felton denies succession by Stuart Knott of the Kansas City Southern. Ocean City Railroad stockholders ratify the Reading lines merger in Jersey as agreed by Atlantic City Seashore and Camden County Railroads. Hamburg America denies breaking off talks with Santa Fe on a trans Pacific line. Western Passenger Association forms committee to standardize half rate ticket issuance for clergy. Pennsylvania Company to fix a contract at Pittsburgh for 35 miles of Fort Wayne Road second tract bringing Fort Wayne line to four tracks between Pittsburgh and Arcola Indiana.
MENTIONED IN THIS ARTICLE
Ocean City Railroad
Ocean City
Reading Lines
Jersey
Atlantic City, Seashore
Camden County
Hamburg-American Steamship Company
Atchison, Topeka and Santa Fe Railroad
trans-Pacific
Pennsylvania Company
Pittsburg
Fort Wayne
Arcola
Ind
Dividends Declared by Various Companies
Dividend notices show United Shoe Machinery paying 2 percent on common and 1 percent on preferred. P Lorillard Tobacco in regular quarterly 2 percent on preferred, July 1. Girard Trust Company semiannual 10 percent, July 1. Kaleke Company of Chi se semiannual 2 percent on preferred. Crucible Steel Company of America regular quarterly, on preferred. Little Schuylkitadhron Company 1.25 per share. M Iidated Coke and others declared various payments.
MENTIONED IN THIS ARTICLE
United Shoe Machinery
P. Lorihard Tobacco Company
Girard Trust Company
Othe
Kaleke
Lee Company of
Chise
Crucible Steel Company of America
Gee Gas Improvemen Ser Guamedy
Little Schuylkitadhron Company
How Sea Turtles Feed
A Baltimore American piece describes sea turtles caught along the coast weighing up to 1600 pounds, with average catches around 500 pounds. It notes their feeding on cabbage lettuce and sea grasses, their timid behavior, and feeding in brackish streams where turtle grass is abundant.
MENTIONED IN THIS ARTICLE
Baltimore American
Miami
Receiver sought for Ecuador Development bond case in Newark
Vice Chancellor Sterena granted an injunction to stop United States Mortgage and Trust Company from delivering $5,000,000 in debenture bonds for the Ecuadorian Association of Great Britain. A show cause order was issued why a receiver should not be appointed for the Ecuador Development.
MENTIONED IN THIS ARTICLE
Ecuador
Newark
Sterena
United States Mortgage and Trust Company
Ecuadorian Association of Great Britain
Vikingsun Ship Unearthed Near Kiel Astonishes Tourists
The London Chronicle reports a Viking boat found near Kiel that cannot match the largest specimen in scale. The prize vessel, a clinker build, is praised as an extraordinary sight in Norway and may draw visitors to Oslo’s museum.
MENTIONED IN THIS ARTICLE
London Chronicle
Kiel
Christiania
Berhapa
Norway
Frente
The Crane Dance at Lincoln Park
A Chicago Record-Herald piece notes a crane at Lincoln Park performing a playful crane dance. The bird’s exaggerated steps provoke laughter and amusement, described as a dignified start with a long leg shoving forward then lowering near the ground, helped by the keeper's encouragement.
MENTIONED IN THIS ARTICLE
Chicago Record-Herald
Lincoln Park
Hin
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Ask. c
Ie Pee
Surf
Ion, Trac
N. J
Ave
S.n-Ay
Dst
Ld Sateen
Gene
Assay Electric
Stein. R
Iilig Unit Traction
Tae
Wor
Mass
Trac. Pt
Ames Tay Btate
Buffalo N. Y
Ntral Juion
Gtd
Lumbus Gas
Ipsos
S Gas
Con
Denver
T. Joseph
St. Ha
B. Weesesess
Chicago Stock Market
New York Exchange
Chicago Union Traction
Wrenn
Chicago City Rwy
Evechan
Lake
Eleae Eee
Nationa
Street Sable
Une
European Stock Markets
London N.Y
N.Y
Atchison
Balto
Ohio
Can
Acfic
Chi & Gt
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M. Eo Paul
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Illinois Central
Uae
Louisville & Nash
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Net
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Sapam
Bory Eere BS
Bene
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Northwestern Crop Prospects
Union Station
S. M. Felton
Chicago and Alton
Stuart Knott
Kansas City Southern
McLeod
Western Passenger Association
Wi Paliway
Buffalo & Susquehanna Railroad Company
Comex
Messrs
Fisk & Robis Bow
Nassaureet
BOS
Messrs, Fisk & Robinson
F. H. Goodyear
Buffalo, N. Y
Fisk & Robinson
Wits
Philadelphia Trust
Safe Deposit and Insurance CO
Chestnut
J. Live On Erringer
Lincoln Godfrey
James Aertsen
John H. Converse
We S. Grant
Samuel Y. Heebner
William H. Lembert
Ville Ll
Newburge Derson
Bankers and Brokers
Philadelphia Stock Exchange
South Fourth ST
Philadelphia City
Office of the Mayor
City Hall
City of
Saime Upee
Samuel H. Ashbridge
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