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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Dec 12, 1908
Page
9
Wheat futures fell amid heavy selling with a general liquidation. May and July contracts traded roughly from 1.00% to 1.07% near the day’s low, closing near the weakest point as big traders were credited with rapid offloading. Corn oats and provisions also weakened on liberal receipts and weak demand.
Grain markets show dull trading as WHEAT receipts rise to 107,000 bushels with near-term futures closing lower. Prices for No. 2 red winter and Northern winter dipped while spot markets for corn and oats held steady to soft. rye and barley mixed with mixed oats and lard and sugar futures noted slight moves. The report covers New York and several exchange hubs, listing bid prices, futures, and regional prices for wheat, corn, oats, barley, and related commodities.
Butter quiet and firm with creameries and specials noted. Cheese receipts show 1,189 boxes and 6,602 cases. egg and poultry lines list steady firsts and various live weights, with western firsts at 33. Local reports mention Pennsylvania and New York markets with mixed fancy notes and brown and mixed lots.
The National City Bank of New York moves into its new Wall Street home in the rebuilt Custom House. The four story conversion preserved the granite walls and Ionic columns while adding a Corinthian colonnade to create a modern banking domicile.
Spot cotton quiet in New Orleans with prices steady to lower as bearish cables press futures. Liverpool and New York trade show weak tones with American middling and January futures posting declines before partial recoveries. Visible supply rises in New Orleans and global activity remains cautious amid rumors of spot weakness.
December prices 8.85 cents January 49 cents February 8.52 cents March 8.56 cents April 8.57 cents May 8.62 cents June 8.60 cents July 61 cents August 8.52 cents October 8.42 cents spot closed quiet middling 9.10 cents middling gulf 9.36 cents sales 2 500 bales
Rawhide Coalition stock, a standout on yesterday's curb market, opened at 1 and rose two cents from yesterday's close before tumbling to 75 cents on about 5,000 shares. After a lull it rose to 8 cents, then declined to 68 cents in the afternoon on roughly 1,000 shares traded, later hitting 64 cents and closing at 68 cents bid, 70 cents asked.
New York December 11 another postponement in the sale of Detroit Toledo and Ironton railroad bonds and Ann Arbor railway stock. United States Mortgage and Trust Company as trustees aimed to dispose of them but an injunction issued by Justice McCall delayed the sale from a prior week and again postponed it to December 22.
City bank to ship 3.9 million dollars in gold to Europe by tomorrow's steamer. It engages 1.4 million for Europe and sends 500 thousand to Paris.
London tin falls with spot around £131 7s 6d and futures £133 5s. Locally copper holds near $28.80 to 28.95 and electrolytic casting around $13. Lead near $4.25 locally with strong prices at $6.10 to 5.15 per ton. Iron remains standard with No 2 south soft at 17.33 and 7% notes. Lead and zinc quotes noted in St Louis session with lead at 4.13% and silver at $5.05.
The period from 8 30 to noon is presented as the best time for shopping while daytime service enables faster aid orders, saving time.
Athens Ohio December 11 A deal closes involving the Veneered Door plant being taken over by Hardwood Finish company a new corporation. H H Mechlin of Winchester leads as president with Robert H Stevenson of Columbus as secretary treasurer and general manager. The plant makes interior finishes largely for eastern cities and links to Mechlin's other forest holdings and Harvester trust supply channels.
Joseph Steinkamp & Co submit plans for a three story twenty four flat on Rockdale Avenue opposite Knott Avenue to S M Cooper. Cincinnati Home Builder issue praised for quality and photos. C Clenay & Nourse sell 2 1 2 story brick on Forest Avenue Norwood for 5960. A Cincinnati Real Estate exchange committee visits Ohio law on decennial appraisal, seeks more frequent assessment and a Columbus conference with other cities to push legislation.
Charles Guenther transfers lots 136 and 187 in James H. Oliver's first addition to Lockland to Philomena Lotz. George A. Krieger transfers to Philomena. Magdalena Tenbusch transfers lot 46 to Nellie C. Doyle. Doyle purchases lots 184 and 185 in Norwood View. Thomas Doyle transfers to Neille Doyle.
New York December 11 bar silver falls %¢ per ounce from last night to 45% as renewed selling by China and India weighs on prices. Demand remains limited while accumulation is heavy.
Washington Dec 14 Treasury buys 76000 ounces of silver for delivery at New Orleans at 48.961 per fine ounce.
Readers report an early push in Christmas shopping with strong IPO inspired interest at key retail hubs. Analysts note festive discounts, limited stock, and growing consumer confidence as shoppers seek gifts ahead of the holiday rush.
Dun and Company reports mixed activity with holiday goods strong retail demand and rising inventories. Wholesale and jobbing show quiet new business but old orders move. Cincinnati area notes gains in leather and hides, pig iron demand, steady bank clearings, and brighter spring orders while exports lag and China remains weak.
Washington reports that US manufactured exports in fiscal year 1908 reached a record value of 750 million dollars. Europe received 368 million, 49 percent of total, with North America at 189 million led by iron and steel at 72 million. South America exports totaled 72 million, including 22 million in iron and steel.
Lillian Westjohn will erect a one and a half story dwelling on the south side of Urweller east of Epworth avenue. B Mersman plans a two and a half story house on the east side of Epworth north of Montclaire avenue. Alhardt to build a two and a half story dwelling at 2714 Mitchell avenue. The notices list locations and estimated costs for the new residences.
A remark notes that taking home small packages will reduce working hours for saleswomen, drivers, and delivery boys, implying shifts and wage changes tied to handling deliveries.
Chief Quartermaster's Office announces sealed proposals in triplicate for large orders of waist belts, breast cords, hat cords, neckties, Arctic overshoes, rubber fonges, light wool stockings, cotton undershirts, bronze buttons, and depot deliveries to Boston Philadelphia New York Chicago or St Louis. Deadlines set for December 29 1908 with right to accept or reject and preference for domestic manufacture.
The City Auditor of Norwood Ohio invites sealed proposals until December 29 1908 for 90000 in 18 bonds of 500 each bearing 4 percent interest payable semi annually. Bonds dated at sale and payable 25 years later fund the Montgomery Avenue granite resurfacing project. bids must meet par value plus accrued interest with a 5 percent certified check.
The City Auditor of Norwood Ohio invites sealed bids for Highland Avenue improvement bonds worth 10002.45 dollars with 4.5 percent interest, dated December 198, payable in installments over 1 to 10 years, bids due at 12 o'clock noon, cash or certified check five percent, securities delivered to L H Geert City Auditor.
General Depot Jeffersonville Indiana invites sealed proposals in triplicate for stationery ranges and parts Otis harness and related items to replenish stock as per schedule. Preference to domestic products. Proposals received until 10 am December 24, 1908. right to reject any or all responses. George Rusert and George Rubi act as officers of the U S Army Depot.
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