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Newspaper

Cincinnati Commercial Tribune

Location

Cincinnati, Ohio, United States of America

Date

Apr 15, 1908

Page

8

Stock Market Inertia Defies Early Rally In New York

In New York on April 14 brokers failed to mount a sustained rally as traders expected a long weekend ahead. News of minor market relief from cotton and steel price rumors kept sessions muted, with Amalgamated Copper steady and London markets adding downward pressure. Bond activity was dull and total sales reached 2.86 million in par value with small advances on the 2s and 3s issues on call.

New York Wall Street Stock Exchange United States Amalgamated Copper London Weather Bureau Chelsea Chicago

Ticker Talk American Stocks in London Steady

American stocks in London hold steady as the London market runs heavy. Bond market shows improvement with slightly better demand for steel products. Grain transport routes between Buffalo and New York raise grain rates from May 1 by 8 to 10 percent. Twenty six roads report first week of April shows an average gross decrease of 12.83 percent.

Buffalo New York

What Brokers Say Market Summary From The Week

Market dull with little news to move sentiment and prices. Undercurrents show potential drift to a sagging market with some stocks sold on strength for profits. Western railroads outperform on favorable crop reports amid a generally languid trading scene and cautious professional activity.

W. E. Hutton & Co Western Railroad H. M. Beazell Roberts Hall & Criss

Market notes from specialists on Union Pacific and stocks

Purchases advised on setbacks for moderate turns as prices may rise later with support from inside interests. The stock market remained dull and professional with activity mainly in specialties. By late session, a modest upward swing formed, near day’s best close.

Union Pacific Page & Hill Charles E. Bultman Company W. R. Todd & Go

Money on Call and Bond Lists in New York and Boston

New York reports money on call easy at 1% with near term loans firm, sterling exchange strong at roughly 487 for demand. Boston lists call loans 2% to 3% and time loans 4% to 5%, with varied rail and industrial bond prices including Atchison, Mexican Central, Boston & Albany, and major stocks such as General Electric and U S Steel trading across the day.

New York Prime Mercantile Sterling Exchange Boston Mass Atchison Mexican Central Boston & Albany Boston & Line Boston Elevated Fitchburg N. Y Union “Pacific Am. Arge. Chemical Am. Tel Tel Am. Woolen Dominion Iron and Steel Edison Electric General Electric Electric United Fruit United Shoe U. S. Steel

London and New York metals markets rally and dip

New York reports a sharp London tin advance with spot at £143 5s and futures £142 while local tin quotes run 31.40 to 31.65. Copper eases in London with spot £57 17s 6d and futures £58 7s 6d. lead drops 2s 6d to £13 12s 6d while local prices firm near $3.97 to $4. Spelter holds in London and U S markets at £21 5s and $4.60 to $4.65, iron up in England with Standard Foundry at 50s 6d and Cleveland warrants at 51s 10d. Lead and spelter rates given for Louisville region as well.

New York London Lake Standard Foundry Cleveland Northern Southern Southern Soft Louis

Grain supplies show net declines and regional shifts

Bradstreet’s reports from April 14 indicate mixed changes in available grain stocks. Wheat across the US east of the Rockies fell by 1,997,000 bushels with Canada up 948,000. total US down 1,049,000 and American European supplies down 1,149,000. Corn in US and Canada declined 428,000, while oats in US and Canada rose 571,000. Notable decreases occurred in Chicago private elevators 118,000 and Lincoln 79,000. increases in Manitoba 386,000 and Louisville 54,000.

New York Bradstreet United States Rockies Canada Europe Chicago Lincoln Portland Omaha Minneapolis Manitoba Louisville Knoxville

Mining Stocks Lead Early Trading in Boston Session

Boston notices show a rapid mix of percentage changes across a broad slate of mining companies. Adventure 1% and Amalgamated 61% highlight volatility with Copper Range 64% and Isle Royale 18% among those moving notably.

Boston Adventure Allouez Amalgamated Atlantic Bingham Calumet Hecla Centennial Copper Range Daly West Dominion Coal Franklin Granby Isle Royale Massachusetts Mining Michigan Mohawk Montana Coal and Coke Old Dominion Osceola Parrot Quincy Shannon Tamarack Trinity United Copper United States Mining Utah Victoria Winona Wolverine North Butte Butte Coalition Nevada Calumet and Arizona Arizona Commercial Green Cananea

New York Bond Sales Report From W. E. Hutton & Co

Bond market rundown lists U S ref 4s and city 4s and 4s types for New York City and other issuers with totals around 2.86 million dollars. Various notes include C & O Erie collaterals and Pacifc issues with multiple maturities and yields. The table shows high activity across railroads banks and utility issues with numerous small lots and a grand total stated.

Community and Business Notes Highlight Regional Affairs

Washington confirms Kessler Smith as Secretary to Surveyor of Customs and he begins duties at the Custom House. Union Savings Bank declares a 25 percent salary dividend for employees with three or more years. Merchants and Manufacturers Insurance Company names William Hy Calvert president and Winfield S Hakill secretary. Office Men's Club meeting postponed due to absence of speakers and out of town officers. National Supply and Machine Dealers Association to hold convention in Richmond next month with address by George Puchta. Alfred H. Schutte, Cologne head of a major European machine tool group, visits Philadelphia. Dinner at Queen City Club honors Schutte with industry guests. Visitors to the Business Men's Club include Franklin Elkhorn, Withrow Dillsboro, Carr, Olson, Hawkins, Mayer, Thomas, Roberts, Hal, Stren, and others from several cities.

The Union Savings Bank & Trust Company the Merchants and Manufacturers’ Insurance Company First National Bank William Hy Calvert Winfield S. Hakill George Puchta National Supply ‘and Machine Dealers’ .Asolation Taft Mr. Puchta Richmond Business Men's Club N. H. Franklin Elkhorn W. Va George Withrow Dillsboro Ind George H. Carr H. A. Olson Chicago F. H. Hawkins Cleveland J. C. Mayer Harrison T. W. Thomas Amelia A. Roberts Jackson Harry W. Hal New York City C. B. Stren Milwaukee Wis

Cincinnati Furniture Exchange postpones meeting for League Park event

The Cincinnati Furniture Exchange postponed its regular meeting to today so members could attend the season opening at League Park. Forty wholesalers will meet at Ahlbrand's Cafe at 4 PM. Shoe dealers will close Saturdays at noon from April 18 to September 5 1908, including Darrell Bross and The Mann Longini Shoe Company.

Cincinnati Furniture Exchange Queen City League Park Ahlbrand’s Darrell Bross John Gates & Co Charles

Foreign Bourses Report Mixed Hermes Markets

London markets were quiet with restricted money and firmer discounts. American and European stocks slid on prospect of new issues, then steadied modestly. copper and Kaffirs held steady while key rail and utility shares showed limited gains amid a dull close.

Coffee futures open irregular as near months liquidate

New York April 14 coffee futures opened irregular with a 5 point decline to a 5 point advance. Near month liquidation kept prices steady to down, with total business reaching 30,500 bags and quotes across months from April at 5.60c to March at 6c. Spot and mild coffee markets showed quiet activity with various regional quotes.

New York Rio No Santos No Cordova

New York Dry Goods Trade Shows Mixed Movement

Converters of cotton goods buy a little more freely as prices gain security for selling finished products. Export trade is light with 500 bales of drills to India and 500 cases of prints to Manila. Cotton yarns weaken. Linings for fall soon to be shown. Cheap mohair and kid finished linings reduced. Retail trade improves and jobbers do well in wash goods.

New York India Manila

Market gains amid traction stock strength and steady bonds

Trading improved and prices firm with a quiet bond market. Cincinnati light and traction led gains, with Cincinnati Gas and Electric rising to around 90, Suburban Telephone at 105, and Procter & Gamble and Globe Soap showing notable activity. Money markets remained active as country banks bolster reserves. New York Exchange held a 25 cent premium.

Cincinnati Newport & Covington Light and Traction Cincinnati Gas and Electric Globe Soap First Procter & Gamble Dayton & Toledo Newport & Covington Norwood Newport & Covingto Toledo Columbus Union Light, Heat and Power New York E Exchange

Trading in Industrial Bonds and Stocks Highlights

The page lists bonds and stocks across industries and railroads including Col. Gas Ist, Cin. & Ham., Big Four 4s, C.R. & F.W. 7s, and unlisted bank stocks like American National Bank. Traction stocks feature C. & C. Bdz pr 137 130 and N. & C. Br pr 126. Many notes show percent yields and par values amid a dense catalog of securities.

Am. R. Mill Globe Soap Jergens Globe-Wer Par & Smith Brownell “. Ueb. Tol F &S& Casey-H Ch. C Kroger Taeee F. A Carey Pr S. T Ill Proc Gam Columbia Gas Poh N Realty Col. Geérf MIM Worldtver Fleich Big Four D. Iscot C.r.&f.w Stocccks— Am Cosmopolitan N’l Colum, Bank’ & Sav. Co Norw Nor

Cotton Market Slips Across U S regions on Unsteady Demand

New Orleans reports dull spot trade with 1 16 to 10 1 2 cents declines across grades and 1 600 bales sold while futures ease and close steady. Liverpool and New York show weak sessions with lower prices and heavy receipts, 275000 bales weekly activity, and spots 10 points lower on Upland middling.

New Orleans Liverpool Shorts Sean Ehages fBid America New York Houston Uplands Do Gulf

Market Prices For Fresh Produce And Meats

A list of farm market prices for fruits vegetables and meats including apples bananas beets carrots cabbage lemons oranges onions potatoes strawberries squash sweet potatoes tomatoes and various cuts of bellies shoulders lard across regions with unit costs per crate barrel box or quart and notes on quality and origin.

Messina Palermo Queens

Wool Market Quotes and Prices Across Regions

Wool markets show steady to improved tones with active movement in domestic lines. Prices remain low overall with quotations across Ohio Pennsylvania Kentucky Indiana Missouri and Texas reflecting fleece washed delaine and blood classifications and months based values.

ST. Louis Boston Ohio Pennsylvania Delaine Kentucky Indiana Missouri Texas

Oil and turpentine markets across multiple cities

Reports from Toledo Wilmington Savannah and other hubs show oil prices steady with Lima and Indiana figures, turpentine and rosin prices firm, and inventories and receipts detailed. Spirits turpentine and rosin quotes vary by location with multiple grades and barrels shipped and on hand.

Toledo Lima Indiana Wilmington Savannah

Butter Eggs and Poultry Prices Across Markets

Kansas City reports egg prices steady with fresh extras at lic. New York notes butter weak with creamery specials and various quotes, cheese easy. Chicago records butter weak and eggs steady at the mark with daisies and twins price ranges. Poultry markets show live weakness with turkeys at 1d, chickens 37c and springs 12c.

Kansas City New York Chicago Springs

New York Mining Prices Listed in Brief Note

New York mining figures reported for April 14 list Adams Con .05, Alice 2.00, Breece .10, Brunswick Con .10, Comstock Tunnel .24, Con. California and Virginia .54, Horn Silver .75, Iron Silver 1.00, Leadville Con .06, Little Chief .06, Ontario 2.75, Ophir 2.55, Potosi .03, Savage .33, Sierra Nevada .40, Small Hopes .18, Standard 1.40.

New York Adams Alice Breece Brunswick Comstock Tunnel California Virginia Leadville Con Little Chief Ontario Potosi Savage Sierra Nevada

Toledo Market Prices Report Seed and Prime Values

Toledo reports seed and prime commodity prices with cash options $12 and $11.50 for April and October 3. Prime prices cited as $2.15 for Simoray and $13 for Assike.

Toledo Simoray Assike

Ohio Incorporations Special Dispatch to Commercial Tribune

The Home City Laundry Company Springfield. Keep Cool Company Cincinnati. Ohio Novelty Manufacturing Company Massillon. Willis Creek Oil and Gas Company Cambridge. Great Lakes Steamship Company Menfer. Automatic Baseball Score Board Company Cleveland. Whitcomb Auto Livery Company Cleveland. Magnetic Car Wheel and Truck Company Cleveland. Each listed with capital, and founders or organizers.

Commercial Tribune Columbus Home City Laundry Company Springfield F. J. Hamilton J. E. Bowman Fred J. Green E. O. Bowman L. J. Goodfellow Keep Cool Company Cincinnati Louis Lamperman Gus Zoalster Arthur Klump Harry Nieman James Finnegan Ohio Novelty Manufacturing Company Massillon John Inglestorm R. W. Williams Thomas E. Davis R. F. Maier Frank Stoner Willis Creek Oil and Gas Company Cambridge J. W. Barnes R. C. Swope George M. Lanning A.S. Barnes E. H. Stewart Great Lakes Steamship Company Menfer Gustave van den Steinen A. C. K. Schoenman Sam Haas Clara F. Schrod The Magnetic Car Wheel,and Truck Company Cleveland Alexander N. Talmie Jacob B. Weismar Luther C. Thompson John B. Benn A. B. Calkins

Markets Wildly Read, Cincinnati Wheat Leads

The Cincinnati market shows Minneapolis wheat at 1.05.8 as firm tone sets with light offerings. Corn Oats and Rye vary. flour demand dull, hay steady, whisky firm. numerous carload grades sold and receipts listed with wheat corn oats rye hay and other commodities recorded by car and tonnage.

Minneapolis Northern

Feathers and Hides Catalog Fragment

A rough list of animal products and by products including feathers, tails wings and quills for various birds and fowl, with prices and grades. Also notes on hides further items such as butchers greens salt pepper boxes and horse and cattle goods appear, indicating a mixed sale or inventory entry.

Burley Breaks Sales Report From The Globe Warehouse

The Globe Warehouse recorded nine hogsheads sold yesterday from new crop offerings. Buyers were limited but demand appeared fair with prices ranging from 7.50 to 15.75 per unit across several lots including 1 at 7.50 and 2 at 9.65.

Globe

Tobacco sales report from Louisville auctions

Special Dispatch broadcasts April 14 from Louisville with light offerings and total sales of 202 hogsheads. Details include Ninth Street 36 new dark at 5.50 to 10, 6 Burley at 11.50 to 15.25. Louisville 31 new dark at 7 to 11.50. United Dark 49 new dark at 5.65 to 12.25. Pickett 36 new dark at 6.30 to 10, 6 Burley at 11 to 15. Kentucky 32 new dark at 7 to 12.

George Aiees & Co Merceints Library Atchison Ae Atlantic Coast Line Ascesvervescyss Canadian Pacific Chicago & Alton Ates Colorado Southern Delaware & Hudson Erie. Com Great Northern Illinois Central Missouri New York Central Northern Pacific Pennsylvania Rock Island Southern R R St. Paul Co Union Pacific Am. Smelt Afisoc Ées Consolidated Gas General Electric Peese Pacific Mail United States Steel Western Union Os Pecswosece Louisville Burley Ninth Street United Pickett

Treasury balances show cash and gold reserves

Treasury reports April 14 balances in the general fund excluding the gold reserve. Available cash totals 255,613,123 dollars while gold coin and bullion amount to 27,261,321 dollars and gold certificates total 25,025,680 dollars.

Washington Treasury General Fund

Cotton Seed Oil Prices in New Orleans

New Orleans April 14 cotton seed oil reports prime at 42 cents per pound.

Orlepans Prime

Proposals for Clothing and Equipment Page

Sealed proposals to furnish 100000 yards khaki uniform cloth and manufacture 10000 olive drab service cans for the U S Army Quartermaster depart are due by April 27 1908 at noon at the Chief Quartermaster Chicago office. Openings will occur for depots in Chicago New York Philadelphia Boston or St Louis with 20 to 50 percent quantity increases possible. Preferences go to domestic articles if quality and price are equal.

Federaluilding Chicago New York Philadelphia Boston St. Louis Quartermaster’s ‘Department U. S. Army W. W. Robinson, JR

Public auction of distilled spirits in Clifton Springs

Pursuant to a distraint warrant I will sell at the Clifton Springs Distilling Co premises a lot of liquor at public auction on April 28 1908 at 10 a m. The items are packages numbered 236473 to 236477 containing 171.6 taxable gallons produced March 3 1900. The sale is subject to tax and payment must be made before possession. James I Quinton Deputy Collector First District of Ohio Cincinnati Ohio April 35 1908.

B. Bettmann Internal Revenue First District of Ohio Wm. F. Ray Clifton Springs U. S James I. Quinton Cincinnati

Proposals Open for Oats and May Use in Cuba

Sealed proposals for 3700 tons oats and 4400 tons may use in Cuba will be received until 10 am Central Time May 14 1998. Delivery to Newport News Virginia or Havana Cuba. Envelopes marked Proposals for Age to be opened May 14 1908. Chief Qu Robinson Jr.

Federal Building Chicago Til Cuba Newport News Havana W. We Robinson, JR

Also Mentioned on This Page

Paris Secretary of the Treasury Ticker Metals Boston Mining Y. City N. Y. City City R. P. Vie R. T Erie cv St. L F. Ae Peace Ieee Chesen Ay S. S Gen. el. cv Nassau Pr. i UN. Pac Col Wabash W. Pa Heg Mex. Cent. Co Total Kessler Smith Smith Custom House Office Men's Club C. H. Jenkins Alfred H. Schutte Cologne Germany Philip Geier Queen City Club Vconsols Anaconda Baltimore & Ohio Chesapeake & Ohio Chicago Great Western Milwaukee & St. Paul de Beers Denver & Rio Grande Erie Grand Trunk Louisville & Nashville Berlin Exchange Ncinnati New York Exchange Commercial Tribune Special Dispatch Cin Gag and Electric Cincinnati Street Ry Cincinnati Street Setond Wrens Pe Gas and Electric Toledo (O Columbus (O Union Light, Heat and P Glasgow Ccswce Sterling Erman Dhewee Teal Dalek Ee E Cin Joe Bet Va Col. & Xenia Csece Little Miami de GE Tires Ohio Traction Scioto Valley ASK Eee Panama Philippine Atlas NATO . Merch Cincinnati Bonds Consol &. F S. J. JI J. J Ss. M. N Southern Ry. Fis Southern Ry M. N Senee F.A Hamilton County Elizabethton Longview Armory Seers Tee Water Works Aeeneeee Newport Bonds Water Works Bar. & Smith Columbia Gas Tractio T.bg&s Jtol Ham. & Lind Miami Railroa Do Pr.a.&b Ind. St. Ry Shillito Co Niles T.W U.S. Lith Cin, Edison Fay & Egan Bridge A&p. V Roberts, Hall & Criss American Tobacco Borden's Milk Do Ween Tech Teeence British Columbia Copper Butte Coalition Ate Chicago Subway Wee Dominion Copper Ae Hill Havana Tobacco Otis Elevator Co Sr Royal Daly-West Wees North Butte ween 521g + 53 Trinity wheeeweee « 13% 14 Green Cananea Davis-Daly Ely Eee Yukon Pete C. J. Buddeke & Co Union Trust Etree We Fruits and Vegetables Florida Ss. P Central of Georgia Aoe Colorado & Southern Eeverry Inc Mare St. Paul & Saul Ste. Marie Pe Bibey Sks Mobile & Ohio Seeee Eee St. Louis & Western Twin City Apri Inc Peoria & Western Daninwncciak Poswebcatecgssc Semel Mdeh Bh Japan N. O Akron Crescent Cleveland Diamond Wee Sawewe Frime Brewendey Bushel Timothy NEW York Mining Foreign Department Hailas National Bank Walnut Street Postoffice Cincinnati Water Cincinnati School Atlas National Bank D. S Soren Bis Baldwin Baldwin Company W. 4Th St John W. Ballmann Vine St Carew Bldg City_of Kuhn & Sons East Third Street General Merchandise Louisville Tobacco Treasury Statement Papeoria
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