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Newspaper
Philadelphia Times
Location
Philadelphia, Pennsylvania, United States of America
Date
Jun 19, 1902
Page
11
The Gates Clique unloads large quantities at top prices as July contracts slide from 67 1/4 to 54 1/2 late day. Shorts cover, bulls push down prices amid nervous trading. September shows strength then liquidates. Receipts 210 cars, vegetable prices steady. refined sugar lists firm with discounts. Cotton trades limited, down 1/16 to 94 cents.
Receipts totaled 9 626 bushels of wheat with light trading. Corn and oats were nominal with quiet demand. flour futures mixed amid dull trade. Livestock and dairy items held steady. numerous prices listed for hay, cheese, eggs, poultry, and fats with modest demand and strong supplies in parts.
New York reports steady and fairly active flour receipts at 16 200 barrels with exports of 2 365 barrels. Wheat spot market steady with No 2 red at 78 to 80 cents and various futures levels. corn mixes with early gains then recovers. Rye, barley, oats, lard, pork and other commodities show varied but steady quotes amid southwest rains and market adjustments.
The cotton market began firm with gains of 3 to 6 points on bullish Liverpool cables and forecasts of rainless Western belt weather. Shorts covered fears of a deep drop, but selling intensified later as rains spread, driving prices down. Total volumes reached about 200,000 bales with July pressured in New Orleans.
Chicago June 18 report details a volatile trading day as July corn led activity with prices swinging wildly. Significant bets by large traders shifted values, while July wheat and oats also moved, and provisions finished higher.
No 2 Northern prices listed with 78 cents for flour, patent grades at 3.00 to 8.70, first and second clears at 3.75 and 2.20 respectively. Bran priced higher with a Suike figure of 13 to 18.50.
Summary of cattle and hog price movements from New York Chicago Kansas City and Cincinnati with receipts and top figures. Livestock categories include cattle steers bulls and cows, calves and veals, sheep and lambs, and hogs with price ranges and shipment data. Also notes on Liverpool cotton futures quotation changes and a Dallas weather update citing a gloomy Texas corn crop outlook.
Heavy tin offerings from primary markets push spot tin down in London by £5 and futures by £8, with New York easing about £4. Copper, spe ter, and iron show declines or steadiness. London prices for copper and lead edge lower or unchanged. Local market dull. prices for copper, tin, lead, spelter, iron and steel rails noted with various unit costs and silver/bar values.
Kuhn Loeb & Co of New York will receive subscriptions on June 27 for 11 million dollars of Metropolitan Street Railway Company 4 per cent refunding 100 year gold mortgage bonds. The issue is part of a 65 million dollar authorized total to retire other bonds and cover the entire system with a single lien. Dividends of 7 per cent have been paid since 1890, guaranteed by Interurban Street Railway Company. Subscriptions close at 3 PM. payment due July 8 for delivery. Extra: Corn Exchange National Bank grants 20 per cent dividend totaling 400,000 to old stockholders. 3 per cent regular dividend on July 1.
New York reports a surprise drop of five points in refined sugar prices by Ar buckle Brothers with Ben & Co and B. H. Howell following for hard grades while soft grades stay unchanged. American Sugar Refining did not lower its prices though expected to match peers. Raw sugar markets remain steady despite refined declines as Trolley for Cons. Lake Superior Co. markets hold firm. International Transit Co. forms with exclusive street railway rights around the St Marys area and will be led by the Hpatesaes Skebite group.
Directors of Merchants' Trust elect Horace B Pearson as director and second vice president and treasurer. Pearson, ex-treasurer of Northern Saving Fund, fills vacancy after Robert M Early's death. Charles P Early elected secretary. North American Co. reelects four directors. Stocks and bonds sold at Barnes & Lofland include diverse rail and bank issues, with several preferred and common shares traded and various dividends declared across multiple companies.
June 18 notices list. The Daelenbach Gas Engine Company Pittsburg capital 1600 appears with filings for Kline Ferry Company Rice's Landing Green County Allegheny Furniture and Carpet Company Allegheny Catawissa Car and Foundry Company Catawissa Lake Shore Steel and Wire Company Miles Grove Erie capital 10000. In Trenton Cerro Pasco Investment Company capital 10000000 to run general transportation with Horace Gould Francis Hutchins and K K McLaren of Jersey City. The Railway Supply Company capital 1200000 to engage in mining manufacturing and transportation with incorporators Field Tennant and Tully of Jersey City.
Berlin letter reports an NCO Beyer in a Riesa Saxony pontoon bridging regiment abused subordinates with long hours cold meals and violent acts. He singled out private Stemmler, who died by suicide after enduring daily cruelties. Court martial sentenced Beyer to 18 months and degradation.
In Kootenay, a private steamer was transported from one river over a high mountain divide into the Columbia. Trade on the Kootenay has waned, a canal project failed long ago, and the vessel crossed the watershed via massive derricks to reach the Columbia, where it now earns profits trading.
In F street, the city’s main thoroughfare, a tall portly woman in white drew crowds as she walked with a black crepe armband and a large miniature of her late husband Senator K. Dayla of Minnesota. The widow’s unusual spectacle sparked gossip among townspeople.
Thomas Martindale argues that high living and manufacturing costs, rail and water pricing, and lack of railroad and steamship competition are eroding Philadelphia exports. He notes coal costs rose from 70 cents to 1 40 per ton, rails control canal shipping, and calls for a legislated commission modeled on New York’s to uncover causes and propose remedies.
A survey of famous royal kisses tells how Rowena popularized the custom in early England and how monarchs from Cromwell era to Alfonso of Spain courted or rebuffed suitors. Stories include Vortigern’s banquet kiss, Christina of Sweden teaching English salutation, a Yankee barber’s wife rebuke, a papal cheek kiss at the Vatican, a Russian noble’s pride in a kiss mark, and young King Alfonso kissing the prima donna Madame Patti after a court audience.
The Baltimore Sun quotes etiquette advice praising open manners and balanced conduct. It notes ideal traits for men and women, including kindness, discretion, leadership in sports, patronage of the arts, and tact, as exemplified by royal guidance. The piece links social polish to active benevolence across Europe favored by gentlemen.
A large Multicultural Mass led by Rev Gabriel M Korkemas, Maronite missionary, was celebrated in the old Orphan Asylum on Tannehill street. Syrians and Arabians joined Pittsburg residents in a Syro-Chaldaic service, with preaching in Stro-Chaldaic tongue and Maronite rite customs. Special to Toledo Ocean.
Pall Mall Magazine notes that today’s British gentleman adopts the King’s easy worldliness and friendly bearing. Dignity is now in natural charm, not hauteur, as hosts banter with duchesses and farewell manners replace rigid bows. The old Victor ian bluster has faded from social code.
East Texas ships carloads of tomatoes to northern markets with growers earning about 3.00 per bushel. Apples now go to peach shipments at 1.00 per bushel. The industry has grown so large that special fruit trains run on various railways, giving growers fast transit and cheap rates as buyers flock to tomatoes and other vegetables.
Miss Suele Billings, 18, daughter of Henrietta Billings, ranch owner, went to drive cows in a canyon with a rifle. At Cook Mountain base she faced a large bear and two cubs about fifty yards away. The bear charged as she fired three shots, killing all three bears with three bullets.
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