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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Dec 26, 1908
Page
9
Wet weather boosts oats and provisions while wheat opens strong then eases. Local receipts rise with 256000 bu to 958000 bu year ago, and June/May futures show modest declines as bearish influences from Liverpool delays cloud sentiment.
Wheat and rye markets show firm notes in New York with bullish cables and weather clues. Minnesota and North Dakota reports list No 1 northern and hard winter futures around 1.07 to 1.10, while corn bids hold around 65 cents on No 2 and nearby futures.
Commercial failures for the week show 338 in the United States and 19 in Canada. In the United States 86 occurred in the East, 76 in the South, 60 in the Central states, and 18 in the Pacific. Dollar amounts of claims reach above 5 000, with totals around 1 218 and 18 390 865 for the period.
Washington reports a wave of consular reviews showing in China the depreciation of silver disrupts trade, with imports less profitable and exports uneven. Officials note that in Japan the gold standard cushions effects, while in China the silver standard harms margins and raises costs for buyers and merchants across Amoy Foochow Hankow and Dalny.
The Pig Iron Market reports steady undertone and strong sales earlier in the year with smaller lots and some bright spots in wire and red mills. Production forecasts for 19 9 place output around fifteen to sixteen million tons while tariffs and policy shifts loom as key issues noted by Matthew Addy & Co.
The Cincinnati Price Current reports a slight move to smaller hog markets with Western slaughter at 690,000 this week, 780,000 last week, and 815,000 two weeks ago. From Nov 1 totals reach 5,280,000 vs 3,380,000 last year, signaling diminishing seasonal differences. Hog prices trend upward toward meat-packers’ week-end averages around 5.45 per 100 lbs, while export clearances and domestic demand show mixed activity amid cautious markets. Major city dispatches cite shifts in receipts, speculative influence, and firmer packing-center bids, with December forward quotes rising for lard and bacon products.
Weather in the central regions improves wheat prospects in drought affects Ohio and Indiana. Western winter wheat shows moisture, corn planting indicates liberal acreage next year. Livestock wintering well, prices mixed with higher December wheat at Chicago. Wheat, corn, and oats weekly receipts listed with year-ago comparisons.
Mrs. Kitty Bowman of West Sixth Street reported to police the loss of a $20 gold watch and a $20 plume. She named a recently discharged soldier from Fort Thomas as the suspect. Detective Burkhols is investigating the case.
Henry Clews notes firmer call money and reduced bank reserves fueling a stock market reaction. He predicts time money will rise in coming months and that gold exports and weak foreign trade pressure stocks. bonds attract cautious investors amid a cautious climate and a hopeful tariff revision.
The Clinton Danville and Peoria Railroad incorporators revealed a route starting near the Indiana state line east of Georgetown and angling northwest to join the Peoria and Eastern division of the Big Four at Fithian. The line would provide direct connections to Chicago St Louis Indianapolis and Cincinnati.
James Talton, 25, of 529 Carlisle Avenue, stabbed May Louis, 31, of 4 Langdon Court, at a colored resort at Sixth and John Streets in an early morning quarrel over a woman. Louis is expected to die. Talton is charged with cutting to kill after detectives Gramann and For arrested him.
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