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Newspaper
Philadelphia Times
Location
Philadelphia, Pennsylvania, United States of America
Date
Jun 30, 1901
Page
9
Industrial and Miscellaneous continued listings reference railroad companies and street addresses. The fragmented OCR lists include entries for Second Avenue Railroad Company and Stellway Rail with dates around 1938 to 1948, plus page numbers and entity fragments.
The Boston stock market June 29 moved narrowly yet showed strength led by South Range Copper Stock. Copper rose 2 percent with copper shares broadly firm. A circular announced consolidation of United States and Furke?a Mining Companies.
Special to The Philadelphia Times reports Chicago trading June 20 with a twenty cent premium for New York exchange and mixed loan rates at 4 to 5 percent. Tin Can common at 27 1/2 and preferred at 77 1/2 closed near top. Other lists dull with scattered sales in Streets Cable Car, Biscuit, Diamond Match, Strawboard, American Can, American Linseed, Chicago Up. Trac, Streets W. S. C. Line, and National Biscuit trading in narrow ranges.
The Pittsburg Stock Exchange table lists today’s price movements with figures showing the course of values. Investors review the listed securities for potential gains as market activity continues through trading hours.
The market for remittance classes remained quiet as rates held steady from Friday night close. Bankers sixty day bills quoted at 4.854 to 4.8514, demand at 4.87 to 4.88, cable transfers around 4.88, documentary commercial and bankers acceptances near 4.84 to 4.85, long Paris francs about 5.18 to 5.17, checks 6.16 to 5.15, sixty flag reichsmarks around 95 to 95 percent for demand.
The Emery syndicate led by Jackson Emery Mills of Easton will start July 1 as Ashland Emery Mills. Officers include Lewis R. Speers of Boston as president A Albert Sands of Easton as treasurer and John H West of Perth Amboy New Jersey as secretary. Syndicate capital is $400 000.
A Hanover syndicate has acquired the Cumberland Valley Telephone Company with exchanges in Chambersburg Waynesboro Green Castle Shippensburg and Mercersburg. The Western Maryland Maryland Telephone and the Maryland Telephone of Hagerstown join, to merge with Adams County and Hanover Telephone into a single system led by Samuel L Johns of Hanover as president.
Denver June 29 The United States Reduction and Refining Company incorporated with capital of 10 million dollars. C J Tutt of Colorado Springs elected officer. Originally incorporated in New Jersey by John S Billings and Horace Gould. Plans to absorb Colorado Philadelphia at Colorado City Union and National Cyanide at Florence.
European stock markets closed higher in London as Consols rose to 989-16, with gains for Canadian Pacific and Anaconda amid orderly but limited activity. Money was in demand due to month end and India Council needs, while heavy BoE borrowings eased pressure. Bear covering appeared as sentiments remained firm on dividend rumors. GranTrunks weakened on lack of support, and American securities rallied late but remained inactive.
Paris reports French 8 per cent rentes closing 7% centimes higher at 100 fr 22 1 4c while Spanish 4s finish at 72 02% against 71 95 yesterday. Prices on the Bourse move with gains and steady activity.
Directors listed include John C. Montgomery of Denver president of Montgomery Investment Co. Stilson Hutchins of Washington publisher and mine owner Hon R F Pettigrew senator from Sioux Falls WM C N Jr of Philadelphia real estate and insurance. Meeting dated March 5 1901.
Receipts total 7 782 Dosbéls with shipments of 26 515 bushels and stock at 60 474 bushels. Market for car lots remained steady under moderate offerings while focal trade demand was light. Sales included 4 cars No 2 white clipped at 33 to 34 cents and 5 cars same grade at 33 to 34 cents.
Advices from foreign courses were encouraging as repurchases supported activity. Rio Tinto shares advanced substantially on buying for London account. Toward the close, business grew quieter on realizations.
Berlin on June 29 saw subdued business on the Boerse with irregular funds. Canadian Pacifics firmed on New York and London cues as Transvaal rails recovered. Banks improved on bear covering and industrial shares remained dull.
London reports the fourth wool auction series will open July 2 and close July 31. Wool arrivals for the fifth series total 265,121 bales, with 86,000 sent direct. Weekly imports include New South Wales 23,270 Melbourne 11,881 South Australia 3,689 New Zealand 27,564 Cape of Good Hope and Natal 765 Bremen 776 and other regions 892.
Gold premiums today in London moved lower with Buenos Ayres quoted at 135.20 against 185 yesterday in Madrid 30.05 versus 39.87, Lisbon steady at 39.50, and Rome 4.45 up from 4.42, reflecting broad declines in bullion rates.
London report notes bullion taken into the Bank of England on balance amounted to 109000 pounds. Berlin dispatch adds exchange on London at 20 marks 39 pfennigs per pound, with discount rates on short bills at 3 percent and three months bills at 34 percent.
Receipts totaled 5,420 barrels and 793,844 pounds in sacks with very little demand. Offerings from mills were not expansive and prices were steadily maintained on desirable brands. Quoted ranges covered Winter varieties, Kanaan, Western, Spring, City Mills, and rye flour, with creamery and full cream cheeses noted as quiet but firm.
Receipts total 40,469 bushels with shipments 45,480 and stock 227,016 bushels as markets slip 4 cents under weak export demand yet close steady. July futures bid 70 3 4 cents, various No 2 grades bid 71 1 2 to 72 cents, with No 2 red around 70 1 2 to 68 3 4 cents and steamer No 2 red about 68 1 4 cents. Receipts later show 82,156 bushels with stock 816,420 as market firms on bullish Western speculation and light export demand. local car lots quiet. No 2 yellow on track 48 1 2 cents, No 2 mixed export 46 3 4 to 47 cents. car lots export elevator 46 3 4 bid 47 asking.
Market notes show strictly fine fresh stock in fair demand and steady trends while most offerings are heat damaged. Quoted prices include Pennsylvania and nearby choice loss-off at 14c and Western choice loss-off at 13a14c, with fair to good lots at T2al3c.
In the mediate supply and demand section quotations show fowls and hens at 11 c per pound, old roosters at Te, spring chickens weighing 4 pounds per pair at 16 to 18 cents, and smaller stock weighing 2 to 3 pounds per pair at 12 to 15 cents.
Ruled firm with supplies cleaned up and quotes for fresh-killed fowls. Fresh-killed fowls, choice to fair, 10 to 10 1/2 cents. old roosters 6 to 6 1/2. Broilers weighing 3 to 4 pounds per pair 22 to 25 cents. Nearby smaller sizes also listed. Continued on Twelfth Page.
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