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This newspaper page contains 16 articles. Subscribers can read the full text of each article.

Newspaper

Philadelphia Times

Location

Philadelphia, Pennsylvania, United States of America

Date

Jun 28, 1901

Page

8

Philadelphia Stock Market Narrow Close After Bank Failure

The Seventh National Bank of New York's unexpected closing did not spark panic in Philadelphia stocks. Declines were limited to arbitrage issues with Pennsylvania Railroad, Reading, and United States Steel slipping briefly but nearly recovering by close. Rumors of coal trade developments and May earnings buoyed sentiment, while by laws delayed dividend timing for the steel group remained a question.

Seventh National Bank of New York New York Pennsylvania Railroad Reading Common United States Steel Common Preferred Philadelphia Steel Cambrias Ccambria Pennsylvania Steel Companies Philadelphia and Erie Washington Venezuela Union Messrs. Widener Elkins George D. Widener

Stock Exchange Notes and Market Movements Today

A.O. Blaughter Jr joins the New York Stock Exchange. Harriman brokers bought stocks tied to the syndicate, and the Treasury bought 200000 short term bonds. Adams Express stock traded at 175 in a first on record. New York float totals include government receipts and various expenditures as markets show mixed signals.

The New York Stock Exchange Adams Express Company Local Stock Exchange

Wall Street Gossip Shapes Midday Trading Trends

Philadelphia reports Norfork and Western as sellers, Erie bonds heavily held by German investors, and International Power set to declare a July dividend. Rumors swirl on Pennsylvania Railroad and Brooklyn Rapid Transit, while H C Frick may join Tennessee Coal and Iron as director. London markets show heavy selling as arbitrage brokers dump shares.

Baltimore Stock Market Quieted by Lower Volume

The June 27 market in Baltimore showed limited price drops amid reduced trading volume, with minor declines and some fractional movements toward recovery. Money on call stood around 4 to 25 percent, and total transactions reached 4,043 shares of stock and 173,000 dollars in bonds.

Philadelphia Times Baltimore New York

Chicago Stocks Steady as Tin Can Focus Dominates

Chicago June 27 report shows no notable market change with small volume and narrow price moves. Tin Can stocks attract most trading interest though limited action. call and time loan rates held at 5 percent and New York exchange adds a 30 cent premium.

Philadelphia Times Chicago New York Exchange

Boston Stocks Steady as Copper Range and Ad Venture Lead

Boston June 27 market quiet and steady with copper range and Ad venture topping the mining group. Overall trading dull and narrow, no notable features beyond constancy.

Boston Copper Adventure

New York Stock Market and Bond Transactions Report

The New York market shows unsettled stocks with declines in several issues and advances in others led by American Smelting and International Paper. Bond activity includes Wabash debentures and Union Pacific notes with mixed changes. collateral loan rate around 3 to 5 percent, and three to six percent for other instruments.

D. M Ft. D National Bisquite North American Colonis. Chic. & Northw Den Rio Gr Ig . E Pf American Lins Chiews St Lou Ty Co Consolidated Gas International Power Pullman Place Wabash Deb Wheel L. EB R. c

New York Stock Closing Prices Report

Closing bid and asked prices on the previous session and the day before are listed for all major stocks. Total sales reach 664,950 shares as market activity continues to shift with ongoing fluctuations in demand and pricing.

Yeaterday

New York Times Review of Stock Market Tension

The Times predicts tomorrow’s issue will note the Seventh National Bank suspension and a 15 percent call money rise as troubling signs. Despite declines, Wall Street’s support and recovery power kept losses from deepening, with buyers from Morgan, Vanderbilt, and Standard Oil firms shaping activity amid heavy shorts.

Sun's Market Review on Seventh National Bank Suspension

The Sun reports the suspension of the Seventh National Bank after a NY clearinghouse decision. Competition from London selling and weak collateral drove declines across major shares. St Paul and Manhattan Railway fell, while the cotton market rebounded after initial weakness.

Stock volatility as Seventh National Bank suspends trading

News from New York reports a lively bout of selling after the Seventh National Bank suspended operations. The brief market wobble emerged as investors reassessed risk and liquidity while financial observers watched for official statements and wider impact.

Market Rebound After Heavy Decline In Principal Stocks

A sharp downturn stemming from Comptroller of the Currency actions hit stocks like St Paul Union Pacific and Manhattan, dropping over 8 points. Late-day recovery erased most losses with gains in leading issues though Union Pacific St Paul and Metropolitan Street Railway lagged. Bears drove the selling while cover buying aided the rally. London selling from Berlin influenced sentiment and the Seventh National Bank suspension surprised observers.

Philadelphia Times New York the Sun Seventh National Bank Clearing House New York Associated Banks London Stock Exchange Berlin Germany Suspec St. Paul Manhattan Railway Clearing House Association Union Pacific Manhattan Missouri Pacific Texas St. Paul and Metropolitan Street Railway Beare

Market closes quiet as bonds and stocks move

The market ends dull but firm at the recovery. Some railroad bonds sell in sympathy with stocks while mortgage issues rise. Total sales amount to par value of $2,025,000. United States bonds stay unchanged on the last call.

United States

Outside securities market shows light demand and steady tone

The New York market for outside securities opened with light demand and little selling pressure. Prices drifted fractionally lower then steadied. American Can common moved between 26 and 26 1 2, and American Locomotive stock rose to 32 1 2 with preferred at 88. Rubber Tire preferred gained 2, and other issues like Standard Oil and tobacco bonds held near prior levels.

New York Tennessee Louis Street Beliwey Standard Oil Sa Rubber Tire Detroit United States

New York Call Loan Rates Jump to 16 Percent

In New York the call loan market surged with rates reaching 16 percent as banks hold funds and brokers tied to Standard Oil interests faced higher costs. Major loans moved rapidly with Kuhn, Loeb & Co. supplying 3 million dollars and others offering similar size deals at about seven percent cash. Frothing loaned 5 million at six percent before rates spiked.

New York Kuhn, Loeb & Co H. P. Frothim

Unlisted securities closing quotations compiled by NYT

The New York Times presents closing quotations of unlisted securities in an industry roundup. This special compilation aggregates price indications, market movements, and notable shifts observed by the paper's financial editors.

Philadelphia Times New York Times

Also Mentioned on This Page

Philadelphia Stock Market Harriman Secretary of the Treasury Bt. Paul Consolidated Lake Superior Company Southwestern Railroad Gould National Bank People’s Mercantile Pittsburg Cambria Steel Company Pittsburg Forge and Tron Company Duquesne Forge Company Betuieh San Steel Company Imamond Match Company Anita Feron Eambria Cambria Diamond State Steel America Rothers Lehigh Valle Pennsylvania Pennsylvania Steel Philadelphia Gonapens Philadelphia Electric Philadelphia Traction Rochester Reading Tite Gas Ern Cotton Zion Soreee Yeas Emphis Eesti Gohsellaat Electric & Peo i Adlanalis Street Railway Erle Eeesenes Lamhe Ee Ae Peete Wwe American Iron & Steel Saneee Natlodel Eeree Bergner & Engel Brewing National Tyewriter Bethlehem Iron New Haven Tr R On & Steel Bethlehem Steel Palmetto Company Brooklyn Borough Gas Parkside Apartment Brook Pennsylvania Electric Vehicle Cambria Iron Light Cambria Steel Eos Eseetoesess Pileseksietes Camden Companennsylvania Consolidated Lake Superior Philadelphia Bourse Danville Bessemer R Philadelphia Electric Trust Ctfs Cotton Diamond State Steel Susquehanna Ron.& Steel Seeavene Telegraph Telephone of Electric Co. of America Gable Tidewater Steel United Gas Improvement Flatop Coal Land United Gas Improvet General Electric Automobile Warwick Iron and Steel Harrison Bros. Co. Incorporated Eee Welsbach Commercial International Smokeless Powder Welsbach Companiebeaae Dynamite Welsbach Inc Oon L & Tt Ht Canada International Smokeless Fences & Westmoreland Wm Ramp Shial Ngine Bidg. Ee . Dynamite Pref Veeeee American Railways Indianapolis Street Railway Baltimore Unite Railways Owen Lehigh Avenue United Railways Philadelphia Ci Wea Batra F Eck Edicees Bray’s Ferry Citizens’ Passenger Railway Columbus’ Street Birmingham Nera Consolidated Traction of New Jersey Continental Reading Railways Traction Ompany Consolidated Tracts Ridge Vemie Passenger Railway Rochester Raway Ee Bniees Scranton Railwa Dayton Traction Duquesne Traction Thirteenth & Fifteenth Streets Fairmount Park & Haddington Fairmount Park Transportation Union Traction Frankford & Southwark Germantown United Traction Beonde Green & Coates Hestonville United Ratthens & Electric East Hestonville Holmesburg Tacony & Frankford Peecenelieenind Wilmington & West Chestree Norfolk and Western Erie International Power Directors Brooklyn Rapid Transit Johnson H.C. Frick Tennessee Coal and Iron Company Atchison Preferred Louisville Nashville Marquand & Co Baltimore Stock Market Fidelity Werrants Faar & Min P. A Igo United Eterte Satade c Coast Line Pr. Se Ie Tar Chicago Stock Market Central Union Tel Chicago Tele Chie West Ody Boston Stock Market Arcad Amedosa Telephone Eens de Ereanss Dominion Iron le Mining Mohs Mining Eee Arene Ary Eng. Gas & Coke Atten Enone Old Tre Ialas Burg Stock Exchange Columbia National Bank Pitts Ae Westing Phila. Co Hg HS NEW York Stock Market Aeme Nists Res Itr T Amer Nee Biscuit Mob & C Amer Ranger Refining Santa Fe Baltimore E Ohio Brook Brooklyn Ray Bon Brunswickanada Gas Pac New Pacific Mail Chesa Air & Ohio Penna. R. R Chicago & Alton Great West West Nicksilver Tad Louis Mil Pac Aeris Col Fuel ‘ I. Si Il Piel & Iron Roe of Ally Ptidve South Ur Colorato & South Onuthern Rwg Delaware & Hudson iif _ Tenn Coeac & West Oe & Rio G Texas & Pac Denver Grande Erle Press Bs W Twin Co. Refity R.tese Rotat Ba & Px General Electric Union Acific Ns Great Northern Ieee A Hocking Valley Timote Central Val Gentral Aus Gentral Wabash Lakerie & West Inter West Co Tanterea Louisville & Nashville Iowa Central Wis Central Metropol St. Arseees New York Cent LAS N.at Norfolk & Western Penn 'S North Pacific App TM Pacific Mall Ally SL St. Lonte Southwest Southern Pacific Asme Southern Railway Tenn. Coal & Iron Texas & Pacific Texas L. Tnion Hiss States Celine U. F Albre Adams Express Hide & L Atchison Atchison, T Br. U. P Tes & B. Co Ga. Col N. J Cen Onetis Chi Ches. & Gen St. L. Swn Chi R. I & P Ok & T Troet Min So Eeeenee R St. L Southern Wena Bane E L H Tenn. C R. R Tex N. C. Con Ewes Tex. & P Aee Tol St L & W den R. G Nor. & W Erie Ist Union Pac Nor. & W. Con Cvt Erie-Penn Coal J Trust Nor. Pac T. H Ft. W D. Nor Texas C Nor Va Mid Leh Coal W. B. Coal Lae & Nash Ist Inc Rio G. Wist St. Jae Enwee G L. E NEW York Times’ Review the Times Wall Street Lord Salisbury Leipziger Leipsic Morgen Eries Vanderbilt Standard Ol Amalgamated Copper Keene the Sun’s Market Review Associated Press Review Ah Amer Aberdeen Copper British Colum, Co British Exchequer California Doré Denger Elec Vad Reduc Iman Treasury Hall & Os Pan Ees Comasbereia Ast Atoll Sare
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