Baltimore Stock Brokers: Carroll, Elder & Company

CARROLL, ELDER & CO.

MAR

3

1900

BALTIMORE

from United States Investor, October 13, 1900

Baltimore Stock Brokers: H. A. Orrick

H. A. Orrick.

JUN -7 1899

H. A. Orrick.

OCT -3 1899

Most of the trading at the Baltimore exchange was in local stocks, particularly utilities, and in much smaller values per trade than the NYSE.  Consequently, the the lower value battleship stamps are a good place to look for Baltimore broker cancels.

Baltimore-based stock broker H. A. Orrick was the Vice President of the Baltimore Stock Exchange when these stamps were canceled.  In 1903, Orrick was elected to succed the recently deceased Derrick Fahnestock as president of the exchange, a role he held until 1918.

Baltimore Stock Brokers: Towards a Comprehensive List for the 1898 Tax Period

Another broker list!  This time for the Baltimore Stock Exchange, which had a much smaller contingent of brokers relative to the New York and Chicago exchanges, but still provided for stock trades, and consequently, collectible cancels.  The Baltimore cancels prove to be much scarcer than NYSE cancels, but can be found with patience and persistence.  

I've only found a handfull of these cancels that I've been able to identify for certain, but expect more will turn up as I focus on the names and initials in the list.  Like the other exchanges, a comprehensive list will require finding all the lists of members from 1898 to 1902.  For now, the 1901 membership is shown below.  If a collector can find cancels representative of all the firms and individuals listed below that would be a remarkable collection!

From the 1901 Moody's Manual of Corporation Securities:

Daniel Klock, Jr. & Company of Troy, New York, India Rubber Goods Merchants

from Minutes of the Troy Annual Conference of the Methodist Episcopal Church, 1894

D. Klock & Jr. & Co.

JUN

18

1899

Troy, N. Y.

Ralli Brothers of the British Raj

Ralli Brothers branded wrapper

 

RALLI BROS

MAR.

28

1900

Take a few minutes and go down this historical rabbit hole.  Ralli Brothers were expatriate Greek businessmen that had significant operations in England and eventually India.  By the early 1900s they evidently had business with American interests.  I suspect it likely that this stamp came from a bill of exchange, likely pounds for dollars or vice-versa.

Industrial Company Cancels: E. P. Reed & Company, Shoe Manufacturers of Rochester, New York

from the Souvenir Program  of the 5th Annual Convention of the NYS Federation of Labor, August, 1918

E. P. Reed & Co.

AUG 6 1898

Rochester, N. Y.

Industrial Company Cancels: Fox, Fultz & Company

 

FOX, FULTZ & CO.

APR

9

1901

Boston, Mass.

Fox, Fultz were purveyors of all kinds of glass and labware, in particular for pharmacists and drug makers.

Anheuser Busch and the St. Louis Refrigerator Car Company

Anheuser-Busch is arguably America's greatest brewer, despite the recent dust-up over Bud Light.  

Anheuser Busch, B. A.

FEB

27

1902

ST. LOUIS, MO.

Circular (or is it a pie- or bottle cap-shaped) date stamp

The St. Louis Refrigerator Car Company was a part of the Anheuser-Busch and Budweiser empire.

Adolphus Busch was the first American brewer to use pasteurization to keep beer fresh; the first to use mechanical refrigeration and refrigerated railroad cars, which he introduced in 1876; and the first to bottle beer extensively. By 1877, the company owned a fleet of 40 refrigerated railroad cars to transport beer. Expanding the company's distribution range led to increased demand for Anheuser products, and the company substantially expanded its facilities in St. Louis during the 1870s. The expansions led production to increase from 31,500 barrels in 1875 to more than 200,000 in 1881.To streamline the company's refrigerator car operations and achieve vertical integration, Busch established the St. Louis Refrigerator Car Company in 1878, which was charged with building, selling, and leasing refrigerator cars; by 1883, the company owned 200 cars, and by 1888 it owned 850.  

Philadelphia Stock Brokers: Drexel & Company

DREXEL & CO.

APR - 1899

PHILADELPHIA

Poor's Manual, 1886

 

Philadelphia Stock Brokers: George A. Huhn & Sons

GEO. A. HUHN & SONS BANKERS.

PHILA.

From The History of the Philadelphia Stock Exchange, ed. Andrew Wallace Barnes:

The banking firm of George A. Huhn & Sons was founded in January, 1894, by George A. Huhn, and first opened for business at 143 South Fourth Street.  Associated with him in the business were his sons George A. Huhn Jr., and Samuel P. Huhn.  A general banking business, besides operations in the purchase and sale of investment securities, the issues of municipal or public service securities, stocks and bonds, was carried by the firm.

George Huhn maintained a seat at the New York Stock Exchange throughout the 1898 tax period.  

Philadelphia Stock Brokers: Toland Brothers

Toland Brothers & Company primarily traded on the Philadelphia exchange but senior partner E. D. Toland also held a seat on the New York Stock Exchange. The above memo, for shares in the "Philadelphia Company", was for a sale made on the Philadelphia Exchange. Unfortunately the cancel is not clear. 

Philadelphia Stock Brokers: Bioren & Company

 

BIOREN & CO.

From Who's Who in Philadelphia in Wartime, 1920

Philadelphia Stock Brokers: Robert Koons & Company

 

ROBT. KOONS,

OCT

15

1900

PHILADA.

from The Commercial & Financial Chronicle, April 2, 1892

Philadelphia Stock Brokers: Parrish & Company

 

Morris L. Parrish was a seated member of the Philadelphia Stock Exchange.  He sold 100 shares of Philadelphia Electric to Sailer & Stevenson @ 5 7/8s

PARRISH & Co.

JAN

14

1901

PHILADA.

Princeton University maintains the Morris L. Parrish Collection of Victorian Novelists.

Philadelphia Stock Brokers: A. M. Friend & Company

A. M. Friend & Commpany brokers memo for 100 shares of Philadelphia Electric sold to Sailer & Stevenson @$6.00.  Sailer & Stevenson was a firm listed at the Philadelphia Exchange.

A. M. F. & CO.,

JAN 17 1901

Albert M. Friend held a seat on the Philadelphia Exchange.

 

Philadelphia Stock Brokers: Working Towards a Complete List

Much like the Boston Stock Exchange, the Philadelphia Stock Exchange was very active during the 1898 tax period and had as members firms which actively traded on more than one exchange in the United States, in particular in New York.  Some, like Thomas Biddle & Company, only traded in Philadelphia.  Either way, a collector might aspire to finding cancels from all the firms and brokers that traded in Philadelphia.  To assist the task I've included the list of brokers and firms at the Philadelphia exchange that was a part of the Moody's Manual in 1901.

Thos. A. Biddle & Co.

DEC

1

1898

PHILA.

I will begin to expand the database that has been build of brokers and firms at the New York Stock Exchange from 1898-1902 by adding the Philly, Boston and other brokers by putting them by city on different sheets in the Google Sheet.  If you are interested in access to the Google Sheet, please let me know at 1898revenues@gmail.com and I will send you a link to a read-only but searchable version.

Boston Stock Brokers: Thomas H. Perkins & Company

T. H. PERKINS & CO.

JUL 29 1898

BOSTON.

Thomas H. Perkins & Company was listed as a firm at the Boston Exchange in 1900 with Keith W. William as member of the firm and exchange.  Thomas Perkins built much of his wealth from slave and opium trading.  He died in 1854, long before the 1898 tax period, though his firm lived on.

From A Peoples Guide to Greater Boston: 

Thomas H. Perkins (1764-1854) was one of the Boston area’s wealthiest individuals during the 19th century. He and his brother were the namesakes of James and Thomas H. Perkins and Company, a Boston-based trading company established in 1792.

In 1799, Perkins purchased 53 acres of land on Heath and Warren Streets. Soon the property expanded to 70 acres. This was a time when a number of affluent Boston-area merchants were moving to the “countryside” of Brookline.

Known as “the Merchant Prince,” Thomas H. Perkins originally called his new landholding Brookline Farm. In the early years of Perkins’s ownership, it had domesticated animals, fruit orchards and vegetable gardens, the purpose of which was to provide food for his Boston establishments. Soon, Perkins had the house that already stood on the property torn down and a large, plantation-style summer house built in its place. Over the years, greenhouses and other buildings—including a gardener’s cottage, a guesthouse, and a billiards pavilion—were erected. Perkins had a team of gardeners, reportedly spending more than $10,000 per year (an amount, in 1825, worth about $320,000 today) to build and maintain a beautiful landscape that included ponds, winding paths, huge lawns, and flowers and shrubs from all over world.

What makes Thomas H. Perkins’s estate noteworthy—apart from its size and the wealth it reflects—is how the merchant trader accrued the money that paid for it. (James Perkins built a lavish summer home, which no longer exists, at Pinebank, overlooking Jamaica Pond, in Jamaica Plain.) Prior to the establishment of Perkins and Company, the two founders’ business activities included slave-trading in Haiti. Their new company, with its base of operations along Boston’s waterfront and its fleet of ships that transported goods around the world, gained much of its tremendous wealth from smuggling opium into China. In this fashion, Thomas H. Perkins contributed to widespread drug addiction in China and to the imperialist Opium Wars that devastated the country. At “home,” Perkins employed his wealth in a more beneficent manner to fund key local institutions—from the Boston Athenaeum to the Massachusetts General Hospital. Perkins also donated one of his homes (and his name) to what became known as the Perkins School for the Blind

Boston Stock Brokers: Gray, Dewey & Company

 

Gray, Dewey & Co.

DEC

11

1899

BOSTON.

The Gray, Dewey Offices at 8 Exchange Place in Boston

from The Boston Stock Exchange, 1893

by 1898, Frank Dewey held a seat on the Boston Exchange. 

From The Boston Stock Exchange, 1893

Boston Stockbrokers: Stackpole & Gay

 

S. & G.

BOSTON

JAN

27

1902

Henry Stackpole and Harry H. Gay held seats on the Boston Stock Exchange.

From The Boston Globe, December 17, 1915:

Boston Stock Brokers: Clement, Parker & Company

 

CLEMENT PARKER & CO.

MAR 25 1902

BOSTON.

Clement, Parker appear to have transacted exclusively on the Boston Exchange during the 1898 tax period.  Frederick W. Parker and Hazen Clement both held seats on the Boston Exchange.

Boston Stock Brokers: George S. Baldwin & Company

 

G. S. B. & CO.

MAR

4

1902

BOSTON.

The above stamps might have been used in the transfer of preferred shares of the Dominion Iron & Steel Company: