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Cincinnati Commercial Tribune in Cincinnati, Ohio

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Newspaper

Cincinnati Commercial Tribune

Location

Cincinnati, Ohio, United States of America

Date

Aug 31, 1908

Page

6

Stocks Advance in Price Under Covering Movement

New York August 29. Short covering pushes stocks higher as buying returns to the market. Southern Pacific makes a new high, Union Pacific above its prior peak, and Harriman interests lift other leading issues. Reading reports a net loss, while Canadian Pacific posts July deficit. Banks show mixed results with slight cash gains and modest loan growth. London buys into U.S. securities. total bond sales reach 2.1 million.

New York Shorts Southern Pacific Common Union Pacific Harrimans Reading Harriman-Gould Reading Company Coal Company Canadian Pacific Financial Chronicle London George Eustis & Co Mercantile Library Atlantic Seeeenene Ific Chicago Lana & Hudson Pata Great Northern Missouri Pacific Mirai Iit Norfolk & & Western Northern Pacific Ontario & Western Pennsylvania Rockdaland Southern R Southern Pacific R. Ween St. Paul Texas Pacific Wabash Wis Nantes Lotomotive Bodies Eves Anaconda Wien Oateuve Estes Col F. and. I A Etereee Osese Lead Anassy Bex People’s Gas Pr. Steel Care Republic Steel Rae Wees Ry

Union Pacific stockholders meet to ratify bond issue

Special Union Pacific stockholders meeting October 13 to ratify recent 50,000,000 bond issue. Ex-Congressman Littlefield of Maine appointed for A O Brown & Co. preliminary bank statement shows a gain of about 6,000,000.

Union Pacific Stockholders Meeting Littlefield Maine Messrs A. O. Brown & Co C O

Market outlook strengthens as steel leads advance

Traders renewed short positions briefly but covered quickly, lifting prices. Steel preferred hit a year high on hopeful steel center reports and optimism for industry and transport. High grade bonds stay in demand as buyers keep money flowing. Analysts warn of possible natural setbacks but foresee sustained firm conditions unless crop or political scares arise.

Roberts, Hall & Criss

Boston Mining Market Report Summary

Boston August mining prices list numerous stocks with varied figures. Key names include Calumet and Hecla Union Copper Amalgamated and Old Dominion, alongside Michigan Isbel Victoria and Nevada. Percentages shown reflect price quotes or changes in the market report.

Boston Adventure Allouez Amalgamated Atlantic Bingham Calumet Hecla Centennial Copper Range Daly- West 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 United States Oil Utah Victoria Winona Wolverine North Butte Butte Coalition Nevada Arizona Commercial Greene Cananea

Coffee futures open steady amid mixed selling and support

New York August 29 The coffee futures market opened steady to down five points on scattered liquidation while local bulls backed near months and European shorts covered. Prices closed steady Esher points higher to five lower with September around 5.55 to 5.60 cents, October 5.55, December 5.45 to 5.50, and May 5.55 cents. Spot prices were Rio No 7 6 Santos No 4 8 mild coffee dull.

New York Rio Santos No Cordova Aus Mars Wall Street New Orleans Houston

Manchester Cloth Market Sees Decline Amid Cotton Dip

August 29 Manchester report shows restricted cloth trade as cotton falls. India buys small shirtings at lower rates. China and South American buyers stay thin. Yarns drop 4d but demand remains tepid. Holiday spindle stoppage may ease pressure while stocks pile up.

Manchester India China

Money Markets and Bond Quotes Across New York and Boston

New York reports money on call nominal with no loans. Time loans 1 to 4 percent, six months 3 to 4 percent. sterling exchange steady. Government bonds steady, railroad bonds uneven. Boston notes call loans 1.5 to 4 percent. various bonds and stocks quoted, including Atchison 4s around 91 to 92 and United States Steel at 47 percent amid broad market activity.

New York Prime Mercantile Paper Sterling Exchange Boston Atchison Boston & Albany Boston & Maine Boston Elevated Fitchburg N. Y United Shoe Machine United States Steel New York Exchange

Clearing House banks show surplus over reserve rule in New York

The Clearing House weekly statement indicates banks hold 65 358 975 more than required under the 25 percent reserve rule, up 2 201 000 from last week. Details include loans 1 289 795 600 deposits 1 394 617 300 circulation 54 685 200 legal tenders 79 871 300 specie 334 142 000 and a surplus reserve of 65 357 975. Nonmember Greater New York banks report 1 034 606 500 in deposits and 933 862 100 in loans with 103 728 600 cash on hand.

New York United States Clearing House Greater New York

Dairy and Poultry Price Movements In Major Markets

Butter and cheese prices hold steady across New York Chicago and Kansas City with varied receipts. Eggs show firmness in Kansas City and New York while poultry prices move slightly, with live birds mixed and dressed hens firm in New York reports.

Kansas City Chicago Americas Springs New York

Wool Prices Hold Steady In St Louis Market

Wool values remained steady in St Louis trading with medium combing and clothing wools quoted at 19 to 20 cents per pound. Light fine wool sits at 16 to 16 and one half cents, heavy fine 11 to 12 cents, tub washed 27 cents.

ST. Louis

Cotton seed oil price report New Orleans Aug 29

Cotton seed oil market in New Orleans reports prime grade at 34 cents per pound as of August 29.

New Orleans

New York Bond Sales Overview

A brief on bond transactions by W. E. Hutton and Co. and First National Bank detailing issues from T. V. & T. to Neb., K. B. & Q, and Pacific references. Includes reference numbers, pricing, and volumes. notes 510,600 and 98% ext 4s details for investors.

W. EB. Hutton & Co First National Bank

Foreign Bourses End Mixed On Unsteady Wall Street Reactions

International markets opened firm then cooled as American securities showed irregularity after Wall Street declines. Commodities and rails moved with losses in low priced issues, while gains appeared in some grand trunk revenue items. Berlin and Paris exchange rates were steadier with discount rates noted for short and three month bills.

Stock Exchange Wall Street Atchison Grana Trunk Ilinois Central Louisville & Nashville Missouri, Kansas & Texas New York Central Norfolk & Western Ontario & Western Pennsylvania Randy Mines Reading Southern Railway Southern Pacific Union Pacific United States Steel Wabash Amalgamated Copper Berlin London Paris

NY Banks Report Moderate Loan Growth and Gold Outflow

The Associated Banks of New York City show loans up by 8.97 million and deposits by 7.14 million for the week ending August 29. A 6.43 million drop in specie partly offset by 4.86 million in legal tenders leaves a 1.57 million cash loss. surplus falls to 6.74 million. Gold shipments to Canada and Europe push imports as money piles up in New York with no sign of rising rates soon.

New York Associated Banks New York City Canada Dominion London Europe

Stock Market Rises Through Week On Kaffirs and Gilt Edged Buying

London trading turned firmer as the Stock Exchange recovered from earlier despondency. Kaffirs led gains with strong support from major houses, continental and local buyers, aided by cheaper mine working costs. gilt edged securities rose on cheap money, with broad gains of 1 to 6 percent by week end. Southern Pacific and Union Pacific reflected the improvement most.

London The Stock Exchange Kaffirs Berlin Paris New York Wall Street Continent Southern Pacific Union Pacific

Dry goods market shows quiet day in New York

The dry goods market was quiet for the day in New York. Trade in print cloths and convertibles remains better, with jobbers moving out seasonable cottons modestly. Dress goods stay slow in first hands while stocks are being reduced. Linens see better demand, burlaps quiet with easier prices.

New York

Cotton Market Mixed in New Orleans and New York Trading

Spot cotton held steady to firm as buyers returned before the bureau report, with Gulf prices modestly higher and futures showing gains early followed by pressure from favorable weather notes. New Orleans saw steady closes in late session while New York opened higher on August but turned unsettled as selling by certain brokers emerged amid thin support.

New Orleans Beft

Market reports show dull trading and steady prices

Bank clearings across Cincinnati Chicago and St Louis hover around three to seven million with scarce bond activity. Traders anticipate improved conditions as dividends are disbursed later in the week while gains in Telephone shares top yearly quotes.

Unsettled Markets As Floods Hit Cotton Regions

Global markets show irregular moves in August amid a stock exchange inquiry into a major failure. Southern Pacific shares surge while rail and industrial stocks drift. Georgia Carolinas floods devastate cotton and industrial properties, triggering concern over business conditions. Gold shipments to Canada exceed 3 million dollars as London obligations are discharged.

Commission House Stock Exchange Georgia Carolinas Canada London

Tobacco Market Movements Steady On Kentucky Reports

Hopkinsville reports minor strength in tobacco trading last week with Planters Protective Association and American Society of Equity noting steady prices up to their schedules. The 1907 crop proceeds, with 30 000 bids remaining, and new crop being cut, may lift sales as the executive committee aims to hold new crop until the 1907 crop is sold. The Society of Equity logged sales of 20 hhd as strong progress, while associations tallied 40 birds with pending sales. Auditor’s report shows weekly and yearly totals across multiple towns, including Paducah Springfield Mayfield Clarksville Princeton Cadiz Russellville Murray Guthrie Hopkinsville.

Commercial Tribune Hopkinsville Planters’ Protective Association American Society of Equity Society of Equity Association The Paducah Springfield Tenn Mayfield Clarksville Terh Princeton Cadiz Russellville Murray Guthrie

Cigar Leaf Market Holds Strong With Broad Absorption

Market for cigar leaf tobacco remains strong as all offerings sell at outside prices. Saturday sales totaled 90 cases across Seed Spanish and Connecticut categories with prices from 2 to 17 dollars per 100 pounds. Seed includes 69 cases across varied tiers up to 13 dollars, Spanish shows mainly 6 to 7.60, and Connecticut includes a top sale at 17 dollars.

Connecticut

Seed prices for Clover and Alsike reported in Toledo markets

The Toledo market notes seed prices on August 29 show Clover cash at 6.12 for October 6.17 December 6.2214 March 6.32 No. 2 5.95 No. 8 5.75 and 355 bush rejected. Alsike prime at 8.90.

Toledo Bush Alsike

Financial bond listings from Dayton area and others

Bond prices and yields across railroads banks and utilities include Big Four 4s at 96, Northern Ohio at 95, Columbus Bank and Savings 4s at 310, Norwest First at 143, Miami and Ger 5s at 100, and Dayton & M lines at 58 with related notes and offers across regional issuers.

Big Four Agness Tenes N’l.Not Colum. Bank Sav. Co Ee Norw, First Os Nor. Pere C.B Southern Ohio Bga&s Miami & Ger

Markets in Cincinnati Daily Brief August 29 1908

Wheat and oats held firm amid light receipts and steady demand. Corn, rye, flour, and hay showed quiet but steady activity with prices near late- week quotations. Whisky futures remained firm with middling coarse and fine grades trading at quoted ranges. Grain inspections recorded multiple car lots across wheat corn oats rye and hay with varied grades and lots.

Cincinnati Minneapolis Northern

Produce prices and metal market notices

The record lists assorted fruit and vegetable prices by type and origin such as Indiana cantaloupes and Georgia peaches, with onions, potatoes, and onions priced per unit. Separate notes report early market quotes from St Louis and New York on August 29 for lead, tin, copper, and iron, with slight fluctuations.

Indiana Louisville Messina Palermo Valencia Ohio Georgia Phars—Bartlett New York ST. Louis Lake

Also Mentioned on This Page

Harriman Ticker H. M. Beazell Page & Hill W. E. Hutton & Co Boston Mining Peoria American Tobacco British Pr Columbia Chica Subway Iy Tobacco Otis Elevator Davis Daly Associated Banks Statement London Stock Exchange St, Louis Gas & Helec Gas & Elec Street Ry Lishares Cin. & Sub Liberty St T.p.ry Gsnts Carthage Bio. Ask Panama Philippines Cocnccecee Rence hSt Eeeseeewnes Glasgow Ory N.O Rptn Col. & Xenia Cccos Little Siamis Ham Bt. Ry Aily Ohio Traction Colum Rye Boldt Brownell Columbia Gas Cuyshoxa G.& HB Foulds A. O F. A Ona M. N Penn SF Southern Ry Water Works Viadu Gilbert W Hunt St Hamilton County Elizabethtown Bridge Benson Covington N. Edigson Rene Globe Soap Aeoll Hous Stan Kroger Ph. Carey Pr Proce Gam Rob'n Realty Steptoe-Sh Wurlitzer W. Powell Merch Otoge Hopkinsville Tobacco Dayton & M Day Ky. Cent Miami City of Nas Vane KY. Jas C. Ernst Hamilton Prest GEO E. Engel J. P. Colville Asst D.s.mts Fruits and Vegetables Bushel Mapae Timothy Ieresi Oy Ans Ee Okty Young Hyson Ginghams Loretta Amoskeag Florence Lancaster Brighton Cheviots— Eiverett Imperial Monster Coscseoeuias Namelea Santos Java Japan Ieee Weer Akron Crescent Cleveland Diamond Limburger Mesa Exane Rough and Com Baee Aes P Sereseseeeh California Utica Fitchville Aeenee Pepperell Beaumont Ween Denims York DC Alabama Geneva Simpson Fancy Columbia Boone Metals Bond Department the Union Savings Bank Southern Ohio Savings Bank Main ST Baldwin the Baldwin Company Steinway Wee Tnion Trvat Bullatng
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