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The Indianapolis Journal in Indianapolis, Indiana

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Articles on This Page

This newspaper page contains 11 articles. Subscribers can read the full text of each article.

Newspaper

The Indianapolis Journal

Location

Indianapolis, Indiana, United States of America

Date

Jun 07, 1903

Page

10

Collapse of Canadian speculative boom rocks markets

The Ames & Co Toronto failure signals the end of a wild Canadian stock surge. New York traders see heavy losses in Boston, with Canadian Pacific and related securities at the center. Rockefeller and Standard Oil interests are blamed for holding the bag as reorganization of the United States Ship Building Company unfolds and market dynamics show signs of eventual recovery.

Indianapolis Journal New York Ames & Co Toronto Canada Ames Wall Street Boston Dominion Canadian Pacific Seashares Twin City Rapid Transit Sloss- Sheffield Tennessee Coal and Iron Brooklyn Rapid Transit Thomas Lowry Lowry Twin City Lowry-Ames United States Ship Building Company Combine Reublic New York Evening Post Charles M. Schwab Schwab Bethlehem Steel Company Bethleem Steel Company Europe

New Stock on Market Securities of J Reeves & Co Listed

An issue of New stock, 750000 total with 500000 sold, is offered at 105. Union Trust Company and J F Wild & Co. sell 400000 of J Reeves & Co. preferred stock, Columbus Indiana, threshing machines and sawmills. It pays 6 percent and is redeemable after May 25 1928 at par, or after May 15 1928 at 106. The day saw few other transactions on the local exchange.

Local Stock Exchange Indiana Union Trust Company J. F. Wild & Co J. Reeves & Co. Incorporated Columbus Ind Union National Bank Security Trust Co Union Traction Sone Security Trust

Motorman Misfortune Spurs a Western Railroad Rise

A man left behind by a trolley motorman becomes inspired to buy a railroad. He earns capital, gains majority stock, and serves as president within five years, proving fortune favors hard work over luck. The tale notes the former motorman is kept on and later resumes duties.

New York Sun Mr. Gozzleton Moetorman

Western coal market review signals tightening anthracite stock pressure

The Black Diamond reports Western coal traders facing stronger pressure to deliver anthracite while bituminous markets stay weak and Eastern smokeless coals hold firm. Dealers expect a market turnaround near mid month with rising demand in September and October, potentially stabilizing prices after recent declines.

Chicago The Black Diamond West Great Lakes Operie Crs

Women on ferry deck brave cold harbor wind

Two young women on an East River ferry described the upper deck as cold and damp. One joked about her hair not staying put in the chilly wind as they faced the harbor weather.

Washington Post New York Evening Post

Wall Street Weekends Mixed as Bank Reserve Shrinks

The New York stock market faced ongoing liquidation with bank statements showing a substantial cash reserve decline. Anxiety rose over loan repayments, gold exports, and potential further contractions while time money rates rose and industrials faltered.

Stock market and money market brief from Indianapolis to London

Commercial paper in Indianapolis rates 4 to 6 percent with time loans. New York call money nominal, time money 4 to 5 percent. Sterling exchange steady with demand at 4.87 85. London silver and Berlin and Paris rates listed. New York imports valued at 9.18 million with 248,599 silver and 6.04 million gold. Treasury available cash balance 225.27 million. gold reserve 2.02 billion.

Indianapolis New York Prime Mercantile Sterling Exchange Washington Treasury General Fund

Market rally follows steady London tone on June 6

New York stocks opened with small declines in Canadian Pacific B&O and U S Steel but built a rally led by St Paul as room traders and bear cover boosted prices. Canadian Pacific showed strength on foreign buying while the weekly bank statement suggested liquidation. gold shipments from the Yukon may bolster reserves.

New York Pennsylvania Amalgamated Wall Street Board of Conciliation Commission United States Canadian Pacific Yukon A. R. Thompson & Co

Weekly Bank Statement Shows Sharp Cash Decrease

New York weekly bank statement reports a large drop in cash holdings among clearing-house banks. The figures show declines in loans deposits and circulation with a notable cash decrease of 3,483,700 amid shifting money movements and revised estimates.

Sheree Haveen Morpine Oe New York New York Associated Banks

The Clock Tinker Visits Brier Dale Village

A tall gray man calling himself a tinker arrives in Brier Dale. He trades tales of horses and prayers while offering to repair a clock and with charm inspires Allen Trove and the others. The stranger chooses a fine filly for Trove and tests trust with a vow that God will remember his master.

Darrel Blessed Islea Brier Dale Allen Trove Grasaira Zrove Alten Emy Hamlet Macbeth Richard Lear Anthony Desert Allah Isaiah She Bor Phyllis Ang

The Canon's Legacy Mystery Unfolds Near Nice

An elderly French canon left nearly a million dollars to Mme Toselli in the United States. Relatives led by Henri Cauvin seek to invalidate the will claiming Mme Toselli influenced the canon. The case sparked a sensational serial in the press titled The Canon's Legacy.

Nice Canor Cauvin United States Mme. Toselli Henri Cauvin Mme. Torelli Legatar Torelli Mme. Tusel M. the

Also Mentioned on This Page

American National Bank Indiana Trust Co Union Traction of City of Indianapolis Newton Todd Sse Fletcher Bank SIAPE A. Fletcher & CO Safe Deposit Vault East Washington Street Boliceman John S. Tarrington Consumers’ Gas Trust Guar. and Loan Co New Telephone Co Indianapolis Street Union Traction Co Indianapolis Traction Marion Trust Co Thomson Chicago Board of Trade 2 and & Ingalls Bpiocck Saks Corner Arrick & CO. Lombard Building W. W. Dark E. H. Dark W. W. Dark & CO East Market Street Commercial Trust Co Atlas Engine Co Albert R. Thompson & Co Lombard Building Williams & CQ Iris Cnr Bertha Tecumseh Wall-Street Standard Rockefeller United States Shipbuilding Company Standard O's John D. Rockefeller St Paul Standard Oil Crowd Standard Oil St. Paul Yaoike Rockefellers New York Central William K. Vanderbilt James R. Keene Naa W. G. Nicholas J. Reeves & CO Alas Engine Works Belt Railroad Common Belt Railroad Brown-Ketcham Iron Works Pe Capital National Bank Central Trust Climax Coffee Columbia National Ban Consumers’ Gas Trust Co Delaware & Madison Co Timoteset Indiana Hotel Company Indiana Mfg. Co Indiana National Bank Indianapolis Gas, Company Indianapolis Street Railway Western Coal Trade Atchison Baltimore Chicago & Alton Colorado Southern Col. South Cal South Seco Bret Del Lack. & Western Denver R. G K. Ce Erie & Western Louisville Manhattan Exican Central Minn Tree Pacific Kan Texas Ay A M Cer & Western Ontario Stref Leet Albert R. Thompson Ing American Can Esoe SM American Can National Biscuit Swift & Co United Box Board Yee Ings London Paris Berlin Treasury Statement W. J. Holliday & Co Bs Southern Railway Wheeling & Lake Wabash Wis Central Adams Anacon ‘Ia Mining Co Brooklyn General Electric Laclede National Biscu Pacific Coast Pacific Mail Epublic Steel Tenn and Paper Co. Ord Aoe Union Oh DEOL + tees wees sess As & Eesiner Western Union Steel U. S
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