This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 19 articles. Subscribers can read the full text of each article.
Newspaper
Philadelphia Times
Location
Philadelphia, Pennsylvania, United States of America
Date
Jun 30, 1902
Page
9
Weeklong stock data shows railroad declines around 2,220.9 and 418, with industrial and mining figures near 960 and 872 respectively. Bonds mostly rose while twenty seven stocks gained 1 percent or more. several leads reached annual highs, including Illinois Central and Chicago Eastern Illinois preferred.
Net changes show several stocks advancing or declining by one percent or more for the week. Notable gains include Minn. Mt Brooklyn Tr and National Lead while Amalgamated Copper and General Electric show declines alongside a list of rail and utility issues. Bond quotes also shift, with several issues advancing or declining by one to two percent or more.
The Times notes no panic after mixed last week trading. Rail and industrial stocks lead gains while drought relief and favorable crops fuel expectations of higher earnings and broader prosperity ahead. Bankers foresee modest rate shifts and a 1 percent rise in steel demand.
Heavy week on the New York Stock Exchange with 1,958,081 shares traded, up from the prior week but well below the two weeks earlier. Bond sales declined to 14,513,900 from 17,689,400, as markets paused ahead of England’s King's illness and upcoming July holidays plus dividend disbursements, keeping activity subdued yet steady with limited movement among top issues.
Markets show calm despite weak trading as banks prep for July 1 disbursements totaling about 150 million. Banks expect rates to ease after tax repeal, with Klondike gold inflows and Rand mine output shaping a generally favorable financial landscape.
Hambleton & Co notes American sympathy for Britain amid King Edward VII’s illness. They expect no impact on British values, slight New York price fluctuation, and a bullish outlook in railroad stocks. J Bache & Co cites investor confidence, London reports boosting equities, with rail leaders like Illinois Central and Canadian Pacific strong, while coal and steel stocks face pressure.
An elderly Philadelphia Stock Exchange member recalls a market buoyed since the May panic and drought, noting strong leadership by moneyed interests. Skepticism rises over John Gates handling Colorado Fuel, while a prominent trader warns against abusive stock introductions and lists concerns about Philadelphia Rapid Transit. President Roosevelt orders an antitrust inquiry into anthracite coal, drawing finger pointing toward his timing amid ongoing strikes.
The London Stock Exchange saw only three trading days last week with little notable activity. Prices fell on fears of sharp selling while important sales occurred. Demand for money was strong as the half year and holiday settlement approached. The market moved about 10 million pounds in debt to the bank amid expectations of easier rates and possible New York gold exports, with optimism for good business ahead unless the king’s condition worsens.
The Berlin Bourse reports a very dull week with declines across all sections, coal and iron shares leading losses while machinery stocks drop. Speculators expect summer inactivity and a weak outlook ahead of the yearly report, amid renewed coal industry concerns and coke output restrictions for July. Pig iron output in May rises to 710 420 tons up 15 147 from April.
The Bank of Spain reports for the week ending yesterday show gold in hand up 267000 pesetas, silver in hand up 12755000 pesetas, and notes in circulation down 24204000 pesetas. Gold was quoted yesterday at 36.60. At Manchester, cloth markets note holidays impacting activity with limited demand and prices remaining high despite low production costs.
The New York Journal of Commerce notes July disbursements total over 128 million, surpassing last year’s, with dividends and interest across railroad and industrial stocks and bonds. Rail dividends rose due to prosperity and bond conversions. industrial interest grew from United States Steel distributions. industrial copper company withdrawals and delayed dividend dates skewed earlier totals.
Receipts for the week ending Saturday include 2 163 sheep and 8 812,483 hogs at West Philadelphia yards and 725 sheep and 216 hogs at North Philadelphia yards. Export cattle to London on the Mackinaw total 367 steers from North Point. Beef cattle showed active trade with limited supply and generally firmer prices, while sheep and calves varied with market conditions.
The Supreme Court today affirmed the case of Will Dorsey convicted of a $7.90 robbery in Jefferson County. Also involved were Oxed A net 8 oo Geng and George McNamara in a related matter. Special to Memphis.
War Department release details Governor A A Betts report from Albay. Perfect peace, no Ladrene bands, growing hemp trade, strong finances, new roads and bridges, roads widened, farm transport modernized, plague and cholera controlled, vaccination progress, hospitals established, theatre festivals, and Pueblo finances described as satisfactory.
The firm offers estates settlement services for executors administrators and guardians, and safe deposit facilities for securities and valuables with no charge. Money on deposit earns interest for trustees and others, with all trust investments kept separate from company assets. Directors include Livingston Fridge Hiram Grant Hiram Weightman William DuBois John Jenks Lincoln Godfrey John Converse Rannel Heebner William Frazier Edward Stotesbury.
Plans for reorganizing the Asphalt Company of America and the National Asphalt Company are not expected to be public until late next week. Delays arise from changes needed in stock underwriting details by promoters, though committees report no procedural hitch.
Leading financiers in the city and New York plan to apply for a charter for a 2 million dollar insurance company. The firm would write only five policies and adopt a community of Interest model like Franklin National Bank and Commercial Trust Company. Several fourth street financiers and local bank officials are named in connection with the scheme, with a routing to finalize details this week before the charter application.
Gross earnings of all reporting railroads reach 15 978 562 dollars up 4.6 percent from last year and 17.7 percent from 1900 per Dans Review. No line shows a decline. June traffic was strong last year while grain and coal volumes influence freight classes. Some lines saw only small gains last week, but many roads show overall higher earnings for the month to date.
The Real Estate Trust Company of Philadelphia announces that coupons for listed bonds become due and payable at its office after July 1. The items include Bellefonte Cen R R Co first mortgage five percent notes, Borough of Conshohocken refunding four percent notes, Caldwell Land and Lumber Co first mortgage six percent notes, Perry County R R Co first mortgage six percent notes, Meadville Traction Co first mortgage five percent notes, Philadelphia Suburban Gas Co first mortgage five percent notes, Kewanee Heat Light and Power Co first mortgage six percent notes, People's Gas Co of Pottsown first mortgage five percent notes, York County Traction Co consolidated mortgage five percent notes, and Hanover Gas Co first mortgage five percent notes. William F. North, trustee.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.