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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Dec 06, 1902
Page
9
Inactivity and bear tones dominated the Board of Trade session with wheat opening steady then weakening and closing lower. May wheat and corn prices moved within narrow ranges as locals traded amid poor telegraph reliability and Bearish Argentine news, while provisions rose with strong buying for pork and lard margins.
Market report from New York and Baltimore notes flour receipts and prices, barley, and wheat movements. Corn and oats see mixed demand amid weather and export shifts. Coffee futures move with European cues, while other grains hold steady amid fluctuating prices.
Report notes bank clearings not included in year totals due to nine tal entries and missing comparison for last year.
Chicago reports strong wheat demand with primary receipts about 250000 bushels. Market rallied to near 76 cents for May before late selling by local buyers. Bids and futures held, with continued bullish tone and expected purchases on every dip. Sheep and cattle prices mixed across St Louis and Kansas City regions as hogs rose modestly.
Cincinnati reports mixed cattle and hog activity with steady overall tone. Receipts for cattle and hogs show shifts from December 1 to 5, while prices range from common to prime, with notable gains for select heavy steers and strong hog trade. Pittsburgh and Chicago markets mirror firmness in cattle and hogs amid fluctuating weights and demand.
Butter firm in Chicago Boston and Pittsburgh markets with creamery and dairy grades steady. Eggs largely steady, with Western and Eastern fresh and storage lots shown. poultry prices mixed. Multiple cities report firm butter zones, quiet cheese, and unchanged egg markets amid varied regional conditions.
R G Dun & Co reports in its Weekly Review that unseasonable weather interrupted winter goods trade but overall business remains above prior years. Manufacturing is active, Fall River dividends rise, and prices show modest gains with foodstuffs and dairy easing. Iron and steel face limited demand with fuel shortages delaying recovery. failures in November show no structural weakness.
In Washington Secretary Wilson rejected New York charges of an advance leak to a government crop report. Statistician John Hyde insisted a leak was impossible, noting only he saw the final figures before their approval and telegraphic release at noon.
Trading stayed largely motionless as a storm blocked telegraphic news across the country. Prices swung briefly but closed near flat, with traders bullish on weather and crop prospects. Forecasters suggest a potential rise on renewed activity, says Feder Holzman & Co.
The week saw strong sales in the local tobacco market with 111 new offerings and 107 old. New leaf averaged about 6.82 per 100 pounds with prices from 7.25 upward. old hogsheads varied, and overall receipts totaled 505 hogsheads with 142 rejected and 3, not 3? actual sales.
A dense directory listing Cincinnati wholesale dealers and manufacturers across multiple trades. Entries include firms like THE JOHN HAUCK BREW CO Dayton and THE ROBERT CLARKE CO printers, with addresses on Main, Pearl, Fourth, and Elm streets. Includes auctioneers, grocers, metalwork, and various trades.
The Fifth National Bank Board proposes raising capital from current level to 600000 dollars doubling the issue. Stockholders vote January 6 with new shares issued February 1908 if approved. Public market reaction improved bid price from 216 to 225. One half of new issue reserved for existing stockholders at par. remainder sold by directors at not less than 200 per share. Premium 150000 dollars added to surplus and profits. Regular 8 percent dividend maintained on increased capital. Officers and directors listed.
The Ohio Supreme Court syllabus explains that the April 16 1900 act limiting daily work hours for laborers on public works violates Sections 1 and 19 of Article I of the Ohio Constitution. It held the act restricting contractor labor terms unconstitutional, and noted penalties and enforcement provisions are invalid. A contractor suit against a city over wages under a contract with eight hour stipulations was dismissed.
The Paris exodus? The text notes higher California nut prices as French walnut crop failures push demand up. growers lift soft shell rates by 1% cent per pound. California crop expected around 800 carloads, mostly shipped, with yields above average.
Fragmentary report references electric transit from Fountain to Winton Place with passengers noted at Marion Mansfeld Galla 38 and mentions a depot stop and ride details.
The Board of Public Service ordered the Chief Engineer to prepare plans and specifications for new sewers in Price Hill northwestern area with an estimated cost around 30 000 dollars. Additional trunk sewer work on Liberty Street not yet dedicated is estimated at 15 000 dollars and other line items range from about 6 200 to 97 069 dollars along Quebec Avenue, Mayfield to Warsaw and Glenway segments.
A dense listing of passenger routes and times from Cincinnati stations shows connections to Xenia Columbus Philadelphia New York Richmond Chicago and Louisville. It includes Pennsy and Queen & Crescent routes with departure and arrival windows and ticket office details at Fourth and Walnut Streets.
A fragmented railway timetable lists departures and arrivals for trains at Cincinnati stations including BanoneexoRTEE Depot and Pennsylvan ia, with times such as 5:00 am, 2:00 pm, and overnight arrivals. It references Montgomery, Lebanon, Georgetown, and Portsmouth routes, plus Pullman sleepers and local accommodations.
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