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Newspaper

Philadelphia Times

Location

Philadelphia, Pennsylvania, United States of America

Date

Jun 29, 1901

Page

9

European Stock Market Rally Follows Bank Failures

European stocks rose with Consols higher to 93 5 16 and American shares opening firm as Bank of England strengthens. Canadian Pacific and Grand Trunk advanced slightly while Spain4s gained. overall turnover was subdued and bankers remained cautious amid German and American bank failures.

London Canadian Pacific Germany United States New York Bank of England Stock Exchange America American St. Paul New York Stock Exchange

Boston Stock Market Shows Narrow Trading Day

Boston reports a dull session with only Massachusetts Electric showing a marked advance. The list presents the day’s highest, lowest and closing prices for active stocks on the local market, excluding stocks dealt on the New York Stock Exchange.

Boston Massachusetts Electric New York Stock Exchange

Baltimore Stock Market

Special to The Philadelphia Times reports on a volatile trading day in Baltimore with mixed gains in key indices, notable movements in industrials and rail shares, and calls for cautious optimism amid economic signals from the Northeast.

Chicago Stocks Hold Near Close on Flat Market

Chicago June 28 Money rates for call and time loans stood at 4 4 4 85 percent with a 30 cent discount on New York exchange. Local market unchanged with moderate Tin Can trading and slight rise in United States Steel due to better tone. Quotations for the rest of the list remained near last night’s close. Matoes L 3 Shelby 3 a i West oats arabie 1.

Philadelphia Times Chicago New York Exchange United States Steel Mat Oles L

Week's Currency Movement Shows Bank Net Loss

Dow Jones & Co reports currency movements for the week with banks showing a net loss after interior receipts and disbursements. Interior inflows reached 4.858 million while outflows to the interior totaled 2.915 million, leaving a net gain of 2.042 million. gold receipts and Sub Treasury dealings influenced the results amid a large railroad payment and bond purchases.

Philadelphia Times New York Dow, Jones & Co Interior Pacific Coast Treasury Sioux City and Pacific Railroad Subon Sub-Treasury

Paris Financial Markets Close Firmer on Settlement Bets

French 3 per cent rentes eased 5 centimes to 100 fr 12 5e, then closed firmer at 100 fr. Spanish ds 71.95 vs 71.80. Bourse firm on settlement repurchases. Industrial shares recover, Spanish 4s and Rio Tinto rise. De Beers up on dividend hopes later confirmed at 20 percent for the six months to June 30. Kaffirs improve on London buying.

Paris de Beers Kaffirs London

Boerse steadies as Leipziger Bank arrests calm markets

Berlin markets showed reassurance as the Public Prosecutor acted swiftly to arrest the Leipziger Bank managers. Home funds and international shares stayed firm while local securities and banks held steady. American securities and Canadian Pacific remained quiet. Austrian Crown rentes showed some movement.

Berlin Leipziger Bank Canadian Pacific

London Gold Premiums Steady Across Major Centers

Gold premiums in London on June 28 held steady with Buenos Ayres at 135 to 135.70 yesterday, Madrid at 39.87 unchanged, Lisbon at 39.50 unchanged, and Rome at 4.42 with no notable shifts in the quoted figures.

London Buenos Ayres Madrid Lisbon Rome

Foreign Money and Exchange Rates Update

Berlin reports London exchange at 20 marks with 30% pfennings for checks. Short bills settle at 4 percent with three months at 3.44 percent. Paris notes three per cent rentes and 100 francs 15 centimes for accounts, London checks at 25 francs 20 centimes. Spanish 4s quoted at 71.95.

Berlin Exchange London Paris

Dividends Favored For Steel Trust Stocks

A New York finance committee meeting of United States Steel stock holders discussed dividends. It is reported that 7 percent on preferred and 4 percent on common shares are likely to be recommended at the full board meeting next week.

Philadelphia Times New York Finance Committee United States New York Times

Stock dividends payable dates and rates announced

American Ice Company declares quarterly 114 percent on preferred stock payable July 16. American Tobacco Company reports regular quarterly 2 percent on preferred and 1 percent on common stock payable August. New York and New Jersey Telephone Company 1 percent quarterly on common payable July 15. I B Stetson Company semi annual 4 percent on preferred and ad interim 5 percent on common payable July 15. Delaware Lackawanna and Western Railroad 1 percent quarterly payable July 2. The Philadelphia Company Pittsburg quarterly 1 percent on common payable July 20 to stock registered July 10. Books remain open. Previous dividend was 1 percent, prior was 14 percent.

American Tobacco Company New York and New Jersey Telephone Company I. B. Stetson Company Delaware, Lackawanna and Western Railroad Company The Philadelphia Company Pittsburg

New Companies Chartered in Dover Report

Dover reports the chartering of several new firms including a Wilmington concern and a Waxhatch firm with details partially garbled. The list notes incorporation actions taken to day with limited legible company names and locations.

DOVER Rhch Conmeniae Wilchexttment Company Waxhinstta

Dawson Railway and Coal Company Incorporation Reported

The Dawson Railway and Coal Company with a capital of 3 million was incorporated in Trenton on June 28. Incorporators include Co. E. Simpson of Scranton Pa C D Eddy of Alamogordo New Mexico R F Harmon of New York and E J Patterson of Plainfield N J. Also filed with the county clerk were articles for Keystone Frame and Mona stock 75000 Standard Telegraph Company 100000 and Schneyder and Allen Company 95000 intending to make electrical apparatus.

Trenton N. J Dawson Railway and Coal Company Capital Co. E. Simpson Scranton C. D. Eddy Alamagorea New Mexico R. F. Harmon New York E. J. Patterson Plainfield Keystone Frame Mona Standard Telegraph Company Schneyder & Allen Company

Market Recap Mixed Grain Receipts and Quiet Export Demand

Commodities show weak tone as lower Western news dampens prices. Receipts reach 99,492 to 102,286 bushels with 82,000 export terms and several car lot sales of No. 2 Pennsylvania red, No. 2 yellow, and No. 2 mixed. Prices hold near steady with light mill demand and export inquiries muted.

Jie Tle Pennsylvania Delaware

Market Receipts and Wheat Quotations Across Regions

Receipts total 2 078 bushels and 1 452 860 rounds in sacks as market tone steadies. Jobbers operate from hand to mouth amid small volume and cautious sales. Quotations include Winter super 2.10 to 2.25, extras 2.40 to 2.60, Pennsylvania clear 2.8608.15, straight 4.20 to 3.30, Western winter 3.20 to 3.90, patent 3.45 to 5.65, Kansas straight 3.20 to 3.40, patents 3.45 to 3.50, spring clear 2.00 to 3.15, straight 3.35 to 2.55, patent 8.60 to 8.75, flour brands 3.80 to 3.00, City Mills extra 2.40, Alp. clear 2.95 to 8.15, straight 3.00 to 3.50.

Pennsylvania Kansas City Mills Ee Pere Pines Northwestern Dairles

Oil Prices Hold Steady At 2.65 Per Barrel For Quality Stocks

Market notes indicate prices advancing slowly at former rates with quotes set at 2.65 dollars per 20 barrels for quality grades, signaling cautious demand and stable values.

Prices for Winter and Spring Bran Show Narrow Range

The report lists bran prices in different forms with little change. Winter bran in balk per ton is 15.50 to 16700 dollars, and spring bran in sacks per ton ranges from 15.50 to 16.00 dollars. Units appear inconsistent due to OCR but indicate a stable price spread.

Market Prices for Hay and Rye Straw Decline in Receipts

Receipts total 240 tons of hay and 4 bales of straw with light demand for hay favoring buyers. Rye straw showed unsettled prices under light demand and selling pressure. Timothy hay prices ranged from 12.00 to 15.50 per large or small bale, with various No 1 and No 2 grades and mixed lots. Straw rye varied, No 1 straight around 18.50, No 2 rye around 17.50, tangled rye 12.50 to 13.50, while oats and wheat showed lower ranges.

Market steady as supplies thin at creamery sale prices

Demand for desirable table grades remained fair and the market held steady. Supplies were pretty well cleaned up with Western creamery extra at 19 1/2 cents and firsts at 20 cents wholesale. printers extra and jobbing at 21 cents.

Unclear dairy sales report notes mixed cream offerings

A terse record notes quiet firm activity with light offerings of New York cream small boxes and full creams described as fair to good. Mentions skimmed varieties and quality indicators though text is fragmentary and refers to vendor terms like Tigase and qa il0e.

New York

Market quotes show mixed stock quality and steady prices

Limited receipts of choice stock were kept at firm prices while defective goods moved slowly at irregular figures. Quotations include Pennsylvania hour-by choice 14¢ loss-off, Western choice 13 1/4¢ loss, fair to good 12 1/2¢ to 12 3/4¢.

Pennsylvania

Poultry Prices Steady With Moderate Supplies and Demand

Fowls and hens held steady under moderate supplies and fair demand. Prices varied by quality with old roosters, Te, spring chickens and pairs weighing four pounds and teens in the 243 pound range, reflecting typical market fluctuations.

Quotations From Local Poultry Market Ledger

A firm ruling during market hours shows fresh killed fowls with varying grades including choice and Ne. fair to good. Prices list old roosters at 6l4c each and broilers weighing 3a4-1 pair. Western dry picked birds 20a22e and scalded 13a18e. Frozen chickens quoted at lla.

Market quotes on beef pork and lard from city and western suppliers

A historical price list notes varied meat products sold in city and western markets. Beef sets smoked and air dried, knuckles and tenders smoked, hams cured and smoked, shoulders and bellies in pickle, breakfast bacon, lard refined in tierces and tubs, with diverse brand and average pricing ranges.

Prices of Fruits and Produce in Various States and Regions

A listing of fruit and produce prices by region and item. California oranges per box, St Michael’s at 2.75. strawberries from New Jersey per quart, 4.8. New York, 8 12c. huckleberries 50c. gooseberries 50c. raspberries 1.50. blackberries 4 for 50c. sweet cherries per pound 3 7c. sour cherries 6c. watermelons Florida prime per 100 80 35. Florida crates 1.50. North Carolina per carrier 1.25 to 1.75. pineapples Florida per crate 2.00.

California St. Michael's New Jersey New York Florida North Carolina

Market Steady As Demand Holds For Desirable Stocks

The market shows steady sentiment with fair demand for preferred produce. Prices quoted include Southern Rose potatoes at 1.75 to 2 per barrel, Virginia and other varieties around 1.50 to 2.25, Norfolk cabbage and cucumbers in assorted per barrel or basket amounts, and various beans and tomatoes listed with unit terms and packaging.

Antona Virginia Norfolk St. Plant Southern

Refiners Sharpen Prices on Various Sugar Grades

Market notes show refined sugar prices held steady at list price with a five cent shade for prompt delivery. Prices include Dominoes 5.00c, confectioners' loaf 5.85c, powdered 5.00c, granulated 5.00c, and other grades listed with small variations after a 15 cent per hundred rebate at 30 days.

B.e

Ught basis price for middling uplands per pound

The report states a price basis of 91 16s per pound for middling uplands, indicating current market terms and valuation level for the commodity.

Ught

New York Grain Prices and Market Dullness Report

New York June 28 Flour receipts 19 563 barrels exports 3 736 barrels quiet and easier Minnesota patent 3 7043.00 Rye flour dull Cornmeal quiet Rye weak No 2 Western Sic f o b afloat State rye S2abSe New York car lots Barley nominal Barley malt dull Wheat receipts 138 100 l s spot weak No 2 red tie f o b t No 2 red 73%c elevator No 1 Northern Duluth 84%c f o b afloat Options weak all day on July selling pressure disappointing cables perfect home crop prospects and short selling closed easy at 1 4 to 3 4 c net decline July 1 25 4 4 c close 1 3 4 c Sep 2 48 c elevator and 5 1 2 c f o b casat Buy Steady with slight ease.

New York Minnesota I. Ft New Yor Dulatti F. O. B. Casat Cotton Exchange Liverpool Eesneens Prp. M GUE Nsehasacesh S Poctodrt

Interocean Telephone and Telegraph Company chartered

Articles of incorporation filed in Albany propose an Interocean Telephone and Telegraph Company linking Cleveland Buffalo New York City and other New York state communities. Capital stock is 2 million dollars with 100 dollar shares. Directors for first year include Charles H. Stewart Joe H. Fuller Kern F. Gill Charles B. Stowe Burt G. Hubbell William Morris and Mary K. Eons.

Albany N. Y Interocean Telephone and Telegraph Company Secretary of State Cleveland Buffalo New York City Charlies H. Stewart Joe H. Fuller Kern F. Gill Charles B. Stowe Burt G. Hubbell William Morris Pen Yan Marry K.eons Hornelieville

Commodity Market Snapshot Quiet Across Several Foods Metals

Mixed to quiet trading in commodities with steady to firm notes. Raw sugar and molasses hold, petroleum and rosin steady while cotton shows calm demand. copper and coffee fluctuate modestly amid market caution. rice and fats remain largely unchanged.

Inate Lea Ze Japan Cordova

Cotton Market Ends Mixed On Liquidation And Short Covering

On the Cotton Exchange the market fell sharply at opening as liquidation and short selling pushed prices down below week’s lows but later recovered with brisk buying. August to January contracts moved from lows to near prior close, with profits selling tempering gains and the day closing a touch lower overall.

Wheat weak on lower cables and fine crop prospects

Chicago services report a weak wheat opening as futures fell with export clearances and receipts detailed. Corn stayed near unchanged as weather and damage reports tempered selling. oats eased slightly and provisions closed mixed.

Chicago Seaboard Minneapolis Duluth Kansas Nebraska Sonnac Frices Aioe

Market Report: Wheat and Flour Prices Steady

Minneapolis wheat cash at 65 1/2c July 63 3/4c September 64 1/4c on track. No 1 hard 67 1/2c No 1 Northern 63 1/2c No 2 Northern 64e. Flour first patents 3.70 to 3.80, second patents 3.50 to 3.60, first clears 2.00 to 2.70, second clears 2. Bran bulk 10.50.

Minneapolis Northern

Cattle and Hogs Prices Across District Markets

Chicago and Cincinnati cattle and hog markets report mixed receipts and varied prices. Chicago bids show steady steer values with ranges up to 6.35 for prime steers and hogs closing near 6.22. sheep and lambs weaker. Cincinnati notes steady cattle and hogs with calves softer. New York lists higher steers and steady sheep and calves, while East Litt reports cattle prices near 6.20 a pound.

Chicago Texas Fed Texas Texas Bulls Cincinnati New York Feso East Litt P

Glasgow warrants closed at 525 2 and Middlesboro at 44s

A brief item notes two warrants closing locations in Glasgow and Middlesboro with figures 525 2 and 44s respectively. The short report records the numeric outcomes tied to each place without additional context.

Glasgow Middlesboro

London bar silver holds steady at 275 16 pence per ounce

Market notes show London silver bars unchanged at 275 16 pence per ounce. New York price for commercial bars steady at 50 14 and 60 percent, while government assay bars stay at 9 and 61 percent. Mexican dollars also unchanged at 47 percent.

London New York

Cotton port receipts total 7,265,100 bales since 1900

The report shows total net cotton receipts at all ports since September 1, 1900, with figures for Galveston 2,077,107. New Orleans 2,383,205. Mobile 120,458. Savannah 1,053,722. Charleston 229,687. Wilmington 257,404. Norfolk 407,854. Baltimore 67,718. New York 173,153. Boston 194,087. Newport News 19,744. Philadelphia 25,680. Brunswick 101,075. Port Arthur 20,644. Pensacola 123,601. total 7,265,100 bales.

New York Galveston New Orleans Mobile Savannah Charleston Wilmington Norfolk Baltimore Boston Newport News Philadelphia Brunswick Port Arthur Pensacola

Trade Review Signals Broad Improvement Across Sectors

Bradstreet's weekly outlook notes generally favorable trade crop and industrial trends with firmer money due to limited interest disbursements. Cotton and wool values firm as sellers hesitate, boot and shoe shipments exceed 100000 cases weekly, and leather demand remains strong with active goat skin competition. Wheat and corn show mixed movements amid European impairments. exports rise year over year, while U.S. failures edge up modestly.

New York Bradstreet Fiy Europe Russia France United State

Trade review notes mixed signals from banking troubles to harvest gains

R G Dun week review flags a bank closure causing Wall Street talk but asserts broad prosperity and ample harvest prospects. It highlights settled labor disputes, local coal tensions, active merchandise movement, and steady iron and coal conditions. Wheat prospects improve with strong exports and mixed domestic price signals. Paltry US pal tures for the week compare to last year.

New York R. G. Dun & Company Wall Street Atlantic Pacific United States Canada

New Car and Foundry Officials

Frederick H. Paton was elected president of the American Car and Foundry Company at the board meeting in New York. William H. Weed in was named assistant to the president in a newly created post. Eaton, a self made man born in Berwick, Pa., rose through the Jackson and Woodin Manufacturing Co. before its consolidation. An experienced manager, W oa SP cane tenan we eecs will fill the assistant to the president role.

New Car and Foundry New York American Car, and Foundry Company Frederick H. Paton William H.weedin Eaton Berwick Jackson and Woodin Manufacturing Company SP Cane Tenan We Eecs

Philadelphia Railroad Plans Bridge Across Filbert Street

The railroad seeks council approval to build a twelve foot wide bridge about ninety feet above Filbert street car tracks from the east end of the train shed to the northwest corner of Filbert and Fifteenth. The project includes new offices for allied and terminal officials and relocates work from Powelton avenue. Two properties Nos. 1507 and 1509 Pilbert street are vacant or used. 1508 hosts a cigar store and 1509 a boarding house. Razing will begin this fall with completion a year from next fall.

Filbere Filbert Pennsylvania Filbert Street Filbert and Fifteenth Road Street Powelton Avenue Pilbert Street

Pennsylvania Railroad Plans Major Pittsburgh Expansion

President Cassatt and directors announce overhauls and new four track lines linking New York to Pittsburg and Pittsburg to Homewood Fort Wayne and Steubenville. Projects include widening main lines Pittsburg Johnstown and Pittsburg Steubenville, expedited Fort Wayne and Pan Handle divisions, and soon to be completed Union Station and West End viaduct.

Cassatt The Pennsylvania Pittsburg New York Fort Wayne Crestine Chicago Logansport St. Louis Columbus Unio West End Allegheny River City of Allegheny

Freight Rates Slump Draws Call to Dissolve Association

Chicago dispatch reports members of the freight association say rate cuts worsen conditions across their territory. Shading of eastbound rates last year and suppressed tonnage data left agents unaware of the extent of cuts, enabling roads to reduce rates without rivals' knowledge. Some argue the Central Freight Association weakens rate maintenance and consider dissolving it.

Chicago Retral Freight Association Chilcago Central Freight Association

Rumored Gould Rail Changes Signal Leadership Shuffle

Reports from Gould Southwestern Railroad headquarters suggest near announcements of top leadership changes. George Gould may retire from Missouri Pacific presidency with Russell Harding likely to succeed, followed by F. H. Britton moving up and R. H. Bowran shifting from Cotton Belt to Britton’s post.

Gould Southwestern Railroad System George Gould The Missouri Pacific Russell Harding F. H. Britton Harding Mr. Britton R. H. Bowran Cotton Belt

New Trolley Line to Easton

Doylestown and Easton Street Railway Company filed with Northampton County Commissioners a formal acceptance of terms granting a river road line from Bucks County line to Easton. Construction work will begin at once.

Philadelphia Times Easton Doylestown and Easton Street Railway Company Northampton County Trolley Company Delaware River Bucks County Ine

Seashore Timetables Expanded on Two Railroads

The Pennsylvania and Reading Railroads implement new seashore schedules today with more and faster trains. The Wabash Mortgage for 3 million dollars to Knickerbocker Trust funds extensions and improvements. Union Pacific's Horace Burt meets with Southern Pacific's Charles M Hays in San Francisco to discuss traffic and the Ogden cut off. Kansas City reports freight rates collapsing between city and Atlantic seaboard. A surge in rail equipment construction and large capital outlays expected from earnings this year to support heavy fall and winter traffic.

Pennsylvania Reading Horace Burt Union Pacific Railroad San Francisco Charles M. Hays Southern Pacific Ogden

Pennsylvania to Build New Office Block in Center City

Pennsylvania Railroad plans a new office building at Fifteenth and Filbert streets in Philadelphia. Architects Furness, Pyans & Co. who built Broad Street Station and its annex are preparing two design options with a minimum height to match the Broad Street Station style. The company already owns the Filbert front on John F Bets property valued at 1500 dollars.

Filbert Street Abe

Metals Markets Report Shows Copper and Tin Movements

The Metal Markets in New York reports copper in London firm at £68 spot and £68 10s futures while US Lake Superior copper sits at 17.00 and electrolytic cast iron prices hold. Tin declines persist with London at £129 5s spot and £122 17s 6d futures. lead stays steady locally but falls abroad to £12 7s 6d. spelter rises in London though little business results. American iron at 6.25 and soft market tone noted.

New York London Shorts Lake Superior

Also Mentioned on This Page

Bromway & Ley E. R Con T Traction Ap's M.& St.n.a Helds St. Ry Hob. & Pat City, H. & Pat Nassau Electric St. Henslene Steinw. R.R. Co United Tract United Traction Wor Mass Trac. Pf Bay St State CN. Y Central Ain Am Newark Neps Co Bo’ Oaeerawses J. C Denver Gas Essex & Hudson Gas Indianapolis Gas Io Amsterdam N. Bidan & Coke E.R G. Co Northern Union St. Joseph Rt. Paul Gas Standard Syracuse European Stock Markets N.Y Baitimore & Ohio Chesapeake & Ohio Erie Lanteville & E Nasir Northern Pacific Eading Southern Sf Etree Ee Bens United Statates Steel Boston Stock Market Boston & Maine Cochiti Dominion Coal Dominion Iron and Steel Old Dominion Osceola Mining Tamarack Ne 51 Trinity United States Mining Wolverine Baltimore Stock Market Fidelity Maryland Trust Ape Land Brewing Caited Rays Consolidated Gas Pittsburg Stock Exchange Pittsburg Brewing Pitts Chicago Stock Market Bourse Boerse U.S Steel American Ice Company Trade Review Dun’s Trade Review Penna Gladys Oil Stock Beaumont Glady Aryds Othe Ladys Hantiniapis Iowa Sams Ares Gladys Gladys Oil)co Spindle Top Gladys Oil Company Williams Bullock Sour Lake M. Pivetot Pivetot Hill Spindle Top Heights Lehigh Valley Lehigh Valley Railroad Company Lehigh Valley Coal Company Lehigh Valley Railroad Bor Allcomee Gould Wabash Railroad Company Knickerbocker Trust Company of Kansas City City Atlantic Seaboard Rns J. Wasons Philadelphia Agents Home Fire Marine Insurance Co San Francisco, Cal Walnut ST John H. McQuillen & CO Philadelphia Trust J. Livingston Errieger Lincoln Godfrey James M. Aertsen John H. Converse William 8. Grant Samuel Y. Heebner William Weightman A William H. Lambert William L. DuBois N. Parker Shortridge John Story Jenks William W. Frazier J. Livingston Erringer Edmund D Commonwealth Title Insurance Chestnut ST Phila Henry M. Dechert Andrew J. Maloney William F. Kling Andrew T. Kay Charles K. Zug Francis KE. Brewster Dimner Beeber Charles Carver William Gorman Franklin L. Lyle Isaac D. Yocum John M. McCardy Fred Sylvester GEO. A. Huhn & Sons Bullitt Building Members OF Chicas BEN J. H. Gaskill & CO Bankers and Brokers N. W. Cor 5Th and Chestnut Sts Market Letter Furn Stetson Company John B. Stetson Gotegany United Gas Ae Otenes Co Patna Lewis Liliar First National Bank Panabie Morton McMichael Consolidated Lal Ase Au Perior — Truste S Pa Ace Aos Sr Saly Erptod A Skat Wess Co Chestaur St Phila Ia
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