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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Aug 13, 1908
Page
7
Wall Street backers dominated the day with leadership moves while news about Bryan’s nomination caused little change. Copper and silver declines, Metropolis fraction transfers, and a postclose public service action cooled speculative fervor. Copper warrants rose in London as mining stocks wobbled. bond sales totaled 3,434,000.
The Iron Age predicts a cautious recovery in iron and steel demand with halts. Southern furnaces quote 12.50 to 13 per ton for No 2 foundry iron while other sellers hold to 12 and old prices. foundry iron orders in New England show fair tonnage and inquiries across markets. A notable sale reports 28,000 tons of steel rails for the Cananea Yaqui River and Pacific line.
London stock activity softened after a Wall Street setback with investors cautious on American securities. Consols steady, Paris and Berlin bourses reported weakness, and discounts fixed at 8% to 8.5% for short bills while the London market closes Saturday August 22.
Washington on August 12 reports Treasury general fund balances excluding the gold reserve. Available cash stands at 196,141,269 dollars, gold coin and bullion 43,731,601 dollars, and gold certificates 34,315,060 dollars.
A market note from New York lists bond sales across various issues and issuers. Entries include Pac. 3s Mex. Cen, Interboro 4s, Reading 4s, Wabash issues, Pa. Coast Istes, and U. P. related bonds. The summary shows prices, yields, and lot sizes with a closing total of sales.
Cincinnati bankers report quiet trading with clearings $3,537,200 and limited New York activity. Municipal and Cincinnati bonds seen as favored while outside issues show steady demand. call loans around 3% and discounts near 5%.
Cincinnati markets show wheat and whisky firm, corn and oats softening with limited demand. Sales list No 2 red winter at 96c and various corn oats and hay lots, plus receipts and shipment figures for apples bananas oranges and other commodities.
A catalog of bond notes lists various railroad and industrial issues with quoted prices and par values. Stocks and bonds such as Cosmopolitan Cov Trust First N’1 Cov Ger N’l Npt Nor Na’ Un.S. & T. U. B. & 8. Col Unity Law TRACTION sights are shown with prices, dividends and special mentions like ex-dividend.
Charles C. Clapp & Co bankers and brokers announce enormous trading in Lawson stocks including Bay State Yukon First National Copper Trinity and Lawson Mexican as Mr. Lawson’s private secretary Mr. Clapp and his firm leverage his name to secure business while pledging impartiality among exchanges and curb houses in all campaigns.
A fragment lists items including wings and points with unrelated terms such as skirts shorts tails and long goose quills. The text appears as stray OCR from a catalog or inventory with no coherent event or context.
Market notes from Kansas City New York Chicago and Philadelphia show butter steady to firm with creamery and dairy varieties ranging up to 27c. Eggs hold firm with firsts around 18c to 21c and current receipts. Cheese steady with varied grades, and poultry prices for dressed and live birds quoted across regions.
Tobacco offerings on local breaks totaled 100 birds with prices from 8.50 to 24.50 per hundred pounds. Four warehouses reported varying lots across wrappers and leaf types, with premiums noted for twist wrappers and heavy red leaf. Recap shows multiple price bands and quantities across warehouses Globe, Farmers and Shippers, Planters, and Bodman.
Aug 12 report shows a subdued general market with brisk demand at an auction of 25 000 cases of napped goods. Major buyers attended and the sale was partly successful with prices higher than expected. Silk piece goods and hosiery are quiet while cotton yarns dip and trading remains limited.
Boston market figures list numerous mining shares with price bids and percentages. Notable entries include Calumet & Hecla at 680 bid, United Copper 12, Amalgamated 80, Michigan 13, Ore groups such as Nevada 15 and Isle Royale 22. Dated commodities reflect active trading across the sector.
New York Aug 12 Alice 2.00 Breece .05 runswick Con. .08 Com stock Tunnel Stock .23 Comstock and Bonds .12 Con. Cale and Va. .75 Horn Silver .50 Iron Silver 1.16 Leadville Con. .08 Little Chief .08 Mexican .75 Ont ia 3.75 Ophir 2.00 Small Hopes .18 Standard 1.80 Yellow Jacket .65
Louisville market report shows totals of 186 hogsheads of tobacco across all warehouses with 161 Burley and 25 dark. Burley prices ranged from 10 to 24.50 dollars per hundredweight and dark tobacco from 6.30 to 10.50 dollars.
New Orleans reports spot cotton weak to steady with middling around 10 cents and sales of 5,420 bales. Futures opened barely steady though New York bulls sparked a brief rally before a broad decline. Liverpool prices eased while New York afternoon trading showed heavy selling and wide market swings.
The Toledo market notes Clover seed prices for months including October at 8, December at 7.87, March at 7.97 and August cash at 9.50 with October noted. The fragment references Aunt and August but lacks full context or complete items.
The London tin market eased with spot at £137 108 and futures at £137 15s while copper slipped £1. London spot £60 5s and futures £61. Locally zinc and lead show mixed moves with electrolytic copper around $13.62 to $13.75 per unit. Iron prices soften in London with foundry quotes steady in U.S. markets. St Louis reports lead at $4.50 and spelter at $4.65.
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