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Newspaper

Cincinnati Commercial Tribune

Location

Cincinnati, Ohio, United States of America

Date

Jan 25, 1908

Page

8

Bad Weather Dampens Dull Stock Market Outlook

New York stock trading opened amid extreme dullness blamed on inclement weather reducing attendance at the Exchange. Delaware & Hudson and Missouri Pacific note issues, cash gains to banks, and easy money rates fed a cautious session. Traders awaited United States Steel quarterly report and Harriman merger prosecutions as key factors shaping sentiment.

Commercial Tribune New York The Stock Exchange United States Steel Corporation Harriman United States

Ticker Talk Stocks Rise in London as Parity Nears

American stocks in London show strength near parity with gains around one percent. Bank of England cuts rate from 5.6 to 0.4 percent. U S Steel operates about 45 percent of blast furnaces. Pressed Steel Car declares regular quarterly dividend. Carnegie Steel trims light rail price by two dollars per ton to twenty eight.

London United States Carnegie Steel Company

Market mood after Bank rate cut drifts after opening surge

Brokers note London driven gains fading as trading turns irregular. Professionals dominate as prices close on a notable day. Analysts see liquidation near end and expect purchases on breaks to rebound. Some call Cortelyou’s actions inconsequential to market behavior. Banks resist raiding tactics amid weakness, signaling cautious optimism ahead.

London Bank of England

New York Stocks Close Weak Under Bear Pressure

New York stocks closed dull as traders faced bearish pressure within a narrow 2 to 4 point range. The market offered limited profit opportunities as bulges formed before profits could be taken.

New York Page & Hill

Market report shows steady demand and mixed gains abroad

London markets open steady with profits taken on gilt edgeds and rails as outside support wanes. Paris stronger with three percent rates firm. Berlin listless as American securities stay subdued and exchange rates adjust.

Money and bond reports from New York and Boston

New York money rates show call money at 2 percent and time loans around 4 to 4.5 percent with mercantile paper at 6 percent. Sterling exchange firm with bills near 487 for demand and 483 for sixty day. Government and railroad bonds listed with varying moves. Boston sections list call loans at 4 to 6 percent and a range of bonds and rail stocks with mixed prices and some preferreds noted.

Mercantile Treasury New York London Prime Mercantile Sterling Exchange Firm Boston Time Lpans Atchison Adj Atchison Mexican Central Boston & Albany Boston & Maine Boston Elevated Fitchburg N. Y Union Pacific Pabacedas Arge Edison Electric General Electric Massachusetts Electric Massachusetts Gas United Fruit United Shoe Machine United States Steel

Treasury balances show cash available and gold reserves

Washington reports the general fund balance excluding the $150 million gold reserve. Available cash stands at 264,161,095 dollars, with 27,877,668 in gold coin and bullion and 44,078,480 in gold certificates.

Washington Treasury General Fund

New York Mining Quote Summary

New York mining prices list several ore and mine names with varying cents to dollars per unit. Adams Con 0.05 Alice 2.75 Breece 0.10 Brunswick Con 0.15 Comstock Tunnel 0.75 California and Virginia 0.70 Horn Silver 0.60 Iron Silver 0.75 Leadville Con 0.06 Little Chief 0.05 Ontario 2.20 Ophir 1.80 Potosi 0.10 Savage 0.60 Sierra Nevada 0.50 Small Hopes 0.20 Standard 1.30.

New York Adams Alice Breece Brunswick Comstock Tunnel California Virginia Leadville Little Chief Ontario Potosi Savage Sierra Nevada Standard

New York Bond Sales Guide Shows Wide Range of Issues

The report lists numerous bonds from C and O to Mex Cen, Rio Grande, and Great Western. prices range from 88% to 114% with varied maturities and issuers including city and railroad securities. The catalog highlights 8,000 to 34,000 dollar lots, with many notes and 4s to 6s, reflecting active trading in municipal and corporate debt.

Financial and Personal Notes From Local Daily Life

The Madisonville Deposit Bank plans its annual reorganization meeting next Monday evening to elect officers for the year. Out-of-town visitors at the Business Men's Club included James A. Emery and others from New York Columbus and Boston. The Schoepf traction group opposes the proposed Howe tax bill which would tax net earnings of traction roads, potentially costing Cincinnati Traction about 250000 yearly. Regulars of the Advertisers' Club allege Vice Mayor Galvin endorsed their ticket at the club dinner last Tuesday. John Graydon of Macdonald and Kiley Shoes announced a reorganization with W M Kiley as president and Graydon remaining treasurer, after A J Macdonald's withdrawal.

Madisonville Deposit Bank Business ‘ Men’s Club James A. Emery New York T. P. Hall Columbus C. Durban Peru Ind C. L. French Norwalk C. Hatch Piqua Schoepf Traction Howe Cincinnati Traction Company Galvin Cincinnati John Graydon Macdonald & Kiley Shoe Company A. J.macdonald Macdonald W. M. Kiley Shoe Company

Special meeting of Cincinnati Retail Liquor League set at new HQ

A special meeting will be held next Friday at the league s new headquarters in the I O O F Temple with plans to hold monthly second Friday meetings. The Independent campaigners of the Advertisers Club met at Hotel Havlinences Gay and mapped the final push for a Greater Advertisers Club. Nominees present included David B. Gibson H E Hall J R Tomlin Lee Edward Ach J M Gidding and others alongside four Nominating Committee members. Gibson is drafting the 1908 keynote to be spoken next Tuesday night at the Grand Hotel.

Cincinnati Retail Liquor League League I. O. O. F. Temple Advertisers’ Club Havlinences Gay Greater Advertisers’ Club David B. Gibson H. E. Hall J. R. Tomlin Lee Edward Ach J. M. Gidding McLean E. Remelin James L. Megrue Paul Poindexter Co. L. Downey George W. Weedon R. L. Prather Ben Mulford Gibson Grand Hotel

Union Gas and Electric directors meet this afternoon

Directors of the Union Gas and Electric Company will hold a meeting this afternoon at the company's offices at Fourth and Plum. Equipment Superintendent A. S. White is in town and will attend.

Union Gas and Electric Company Fourth Plum A. S. White

Wool market and Boston wool bulletin notes

Wool prices in St Louis show steady to firm ranges across grades. London sales report 11 453 bales with demand strongest for fine greasy merinos and scoured lines. New South Wales to Cape bales priced in shillings and pence, New Zealand volume 5 000 bales. Boston Commercial Bulletin previews a cautious tone with limited week activity and unchanged goods market despite European improvement. Shipments to Jan 23 run 10 293 921 lb versus 19 728 778 lb last year. Receipts reach 8 069 679 lb, down from 12 642 157 lb previously.

London New South Wales Queensland Victoria South Australia West Australia New Zealand Cape of Good Hope Natal Boston Commercial Bulletin of

London and New York Metal Markets Report

Tin and copper prices showed mixed moves with London spot tin at 125 pounds 10s and futures at 126 pounds while copper fell 12s 6d. Lead and spelter held steady. iron prices eased in London though local quotes stayed firm. ST. LOUIS reports lead at 3 dollars 65 cents and spelter at 4 dollars 50 cents.

New York London Standard Cleveland Northern Southern Southern Soft ST. Louis

Turpentine and rosin markets across several ports

A string of price reports from Charleston Savannah Wilmington Toledo and Oil City notes little change in turpentine and rosin with firm or steady quotes. Recorded receipts shipments and stock levels accompany price lists for A through N grades and window glass and water white variants.

Charleston Turpentine and Rosin Savannah Turpentine Skec Wilmington Toledo North Lima South Lima Indiana Oil City

Commodity Prices Report From Chicago New York and Kansas City

Butter and cheese prices hold steady across markets with white and other variety creams in the 19 to 30 cent range. Eggs show firm tones with mixed regional receipts and offerings. Poultry remains varied as alive and dressed prices move within single-digit to low double-digit cents.

Chicago Springs New York Pennsylvania Kansas City Yale Oils Ohio Michigan - Limburger

Coffee futures open steady with modest gains in New York

Coffee futures opened steady then rose up to 5 points amid European selling and steady local demand. Trading closed with 19 750 bags sold and prices for January through December contracts ranging from 6.05 to 6.55 cents per pound, spot steady, Rio No 7 at 6 cents and Santos No 4 at 8 cents.

New York Rio Santos Cordova

Boston Mining Prices on Exchange Report

Boston market figures list numerous mining stocks with varied gains and losses. Notable quotes include Calumet and Hecla at 644, United Copper 6%, Tamarack 65, Michigan 11 14, and Quebec-like entries across a broad lineup of companies and oil equities.

Boston Jan Adventure Allouez Amalgamated Atlantic Calumet Hecla Centennial Copper Range Daly-West Franklin Granby Isle Royale Massachusetts Mining Michigan Mohawk Montana Coke Old Dominion Osceola Parrot Quincy Shannon Tamarack Trinity United Copper United States Mining United States Oil Utah Victoria Wolverine North Butte Butte Coalition Nevada Ae and Arizona Arizona Commercial

New York Dry Goods Market Improves Steadily

The dry goods market shows steady improvement with several large sales of brown and bleached sheetings and colored cottons. Demand remains steadier, cotton yarns are quiet but stable, and export trade in cotton goods is rising.

New York

Grain Price Notes for Clover and Timothy Seeds

In Toledo on January 2 price quotes show Clover seed at cash and January $10.70, March $10.70, April $10.55, October $7.15. Timothy seed is Prime at 2 percent. Alsike seed Prime at $10.20.

Toledo Timothy Alsike

Money Drops Sharply As Markets Slip Across Cities

Bank clearings and discounts noted in Cincinnati Chicago and St Louis on Jan 24 amid a market lull. New York exchange premiums and varied loan rates appeared as investors watched a general downturn in money rates and trading activity.

Cincinnati New York Exchange

Tract and railroad bond notes advance with ex-dividend cue

Fragmentary financial listing shows railroad and traction stocks and bonds with ex-dividend notes. Names include Big Four, C H and D, Union Savings, Norwest First, and several regional banks. Signals point to bond prices and stock readings with multiple 4s and 7s indicated alongside names and notes.

N'I Colum. Bank & Say Norw Nor. Nat Nor. Say C.&c.bdg

Market Prices and Securities Report Summary

Stocks and bonds show varied quotes with rail and traction issues. Notable entries include Niles-Bement-Pond at 150, Franklin bonds around 100, and Ohio traction stocks trading near midrange. Clearing figures show Cincinnati Clearing House receipts of 3,881,400 against 4,351,000 prior.

Cotton Market Opens Firm Then Breaks On Labor Rumors

The local cotton market opened firm 13 to 17 points higher with active trading. Bulls pushed to selling but buyers were scarce, causing a sharp break. Reports of pending mill labor troubles caused price disparities, with weakness at the open followed by a recovery tied to English market tone.

W. B. Hutton & Co John W. Ballmann

Cotton market notes from New Orleans and Liverpool

New Orleans spot cotton ease 12 1 2 cents with futures steady amid strike fears. US and world supplies update show American cotton at 3,729,080 bales, total world visible at 4,831,956. Liverpool market features mixed quotes and futures easing before closing steady.

Hester Liverpool Jan Segpeton

Cotton market slides after labor report conflict in Lancashire

New York January 24. Cotton prices fluctuated on labor dispute rumors from Lancashire. Morning gains faded after a private Liverpool cable said talks broke up. March and May futures closed down from intraday highs, then recovered slightly amid mixed sentiment. Receipts and spot prices noted, with overall regional activity and pending reliable abroad updates.

New York Lancashire Liverpool Bufl March New Orleans Do Gulf

Ohio Incorations Filed Include Coca Cola Distributing and Lewis Jewelry

Columbus reports several incorporations today led by The Coca-Cola Distributing Company of Dayton with 36000 capital and owners James Law Van Cleave Engle Schlotterbeck E M Kuhns Mason Montgomery and Clada J Uhrig. Others include The William Moore Company Cleveland 10000 led by William Moore Joseph Moore Robert Latimer W H Morrow James J Morrow and The Kirkpatrick Company Springfield 30000 with Thomas J Kirkpatrick H H Johnson W W Weaver L E B Niles and Charles R Reid. Also The Lewis Jewelry Company Cleveland 30000 with F B Lewis C C Lewis R P Dorman W D Alexander and W K Stanley and The Ohio Prepared Meat Company Cincinnati 10000 led by Thomas Bryce Charles M Abrams Thomas A Cowleys Walter A Duckwitz and Robert B Deacon. Bar Man Manufacturing Cleveland increases from 10000 to 25000. Ironton Iron Company increases to 400000. The Standard Tool Company Cleveland increases from 750000 to 1000000.

Commercial Tribune Columbus Coca-Cola Distributing Company Dayton James Law van Cleave Engle Schlotterbeck E. M. Kuhns Mason Montgomery Clada J. Uhrig William Moore Company Cleveland William Moore Joseph Moore Robert Latimer W. H. Morrow James J. Morrow Kirkpatrick Company Springfield Thomas J. Kirkpatrick H. H. Johnson W. W. Weaver L. E B. Niles Charles R. Reid Lewis Jewelry Company Cleveklnd F. B. Lewis C. C. Lewis R. P. Dorman W. D. Alexander W. K. Stanley Ohio Prepared Meat Company Cincinnati Thomas Bryce Charles M. Abrams Thomas A. Cowleys Walter A. Duckwitz Robert B. Deacon Bar-Man Manufacturing Company Clleveland Ironton Iron Company Standard Tool Company

Wheat and grain prices steady in Minneapolis market

January 24 1907 Minneapolis market reports steady wheat No 2 red winter at 1.02, 1 car at 1.01 1⁄2. mixed and yellow grains varied between 49 and 58 cents. Hay timothy and clover listed with prices from 15.25 to 14.50. whisky at 1.35 per gallon.

Cincinnati Minneapolis Northern

Grocery Price List and Meat Stuffs This Week

A detailed price rundown lists apples per barrel at 3 to 3.50, bananas 1.25 to 2 per bunch, cranberries 2 per box, cabbage 1.15 per barrel, lemons 3 to 3.50 per box, oranges 2.50 to 3 per box, home grown onions 60 to 65 per bush, potatoes 2 to 2.25 per barrel, pumpkins 1 per barrel, rutabagas 1.25 per barrel, squash 1.50 per barrel, and sweet potatoes Jersey 6. Also notes greens meats, hams and shoulders with assorted prices, Timothy on arrival, feathers and poultry parts, and assorted store stock.

Palermo Florida Jersey

Special stockholders meeting of Cincinnati Hamilton Dayton Railway

Notice sets February 7 1908 meeting at Room 66 Carew Building Cincinnati to authorize a supplement to the 1904 refunding mortgage, approve purchase of outstanding refunding bonds, and pledge purchase money notes. Also ratifies December 30 1907 board actions and lists bank closure dates January 27 to February 8 1908. Secretary Thomas J Walsh dated January 6 18.

Cincinnati, Hamilton & Dayton Railway Company Carew Building Fifth and Vine Streets Cincinnati Ohio United States Mortgage and Trust Company Central Trust Company of New York Thomas J. Walsh

Proposals for Clothing and Equipage Opened by Quartermaster

Sealed proposals in triplicate will be received until 11 a.m. January 31 1908 for furnishing 50 000 pairs of leggings to Chicago New York or Philadelphia depots with possible 20 to 50 percent increase. Preference to domestic manufacture. samples available. envelopes to be endorsed Proposals for Clothing and Equipage to be opened January 31 1908. W W Robinson Jr Chief Quartermaster

Federal Building Chicago New York Philadelphia Quartermaster’s Department

Proposals Sought for Machinery at Augusta Arsenal

Sealed proposals from bidders to furnish and deliver electric switchboard motor generator sets motors air compressor metal and wood working machines some with motor drive pneumatic hammer electric and hand overhead cranes fuel oil furnaces testing machine and related items will be received until 3 pm February 25 1908 at the Augusta Arsenal Georgia for the Commanding Officer.

Augusta Arsenal Augusta Georgia

Louisville Tobacco Sales Report From Friday

Louisville on Friday saw 1 012 hogsheads offered with 21 Burley and 191 dark, prices varied by house. State House sold 57 hhds new Burley from 7.40 to 17. Pickett House 6 hhds new Burley 7.20 to 14.50 and 50 hhds new dark 7.30 to 12. Kentucky House 1 hhd new Burley 7.50 to 15 and 20 hhds new dark 6.50 to 10. Ninth Street House 139 hhds new Burley 7.90 to 15.75 and 10 hhds new dark 6.30 to 11.25.

George Eustis Eid Dine Mercantile Library Eewerne Wrass Colorado Missouri Pacific New York Central Ontario & Yesten Pennsylvania Southers Pacific Southern R. A Lsrencns Pacific Ween Uni Pacific Eee Eens Amal Copper Rr Amer Ca & Fery Sirican Col Fuel & Iron Consolidated Gas General Electric United States Steel Western Union Nwn Ae Dd Ate CoVy St. L Ckés Gre Bay “& W. Mex. Cen. 2d Inc B. &Q. Jil Erie Ists St. PB Nas H. R St. P.c Am. Spirits M B . Brin. Y N. H. cv RL & P Iowa Cen RUSE Nor. & W. Ds Baghart West M. É Breee Commercial Tribune Louisville State House Kentucky House New Burley Ninth Street House Burley

Coal market struggles persist amid cold weather and weak demand

The Black Diamond notes ongoing coal market weakness despite cold snaps and heavy shipments. Screenings remain steady, lump coal weakens, and industrial activity is cut back, with miners and dealers cautious about summer carryover and egg and stove coal shipments.

Chicago

Also Mentioned on This Page

Chalers Delaware & Hudson Ticker Cortelyou H. M. Beazell W. EB. Hutton & Co Paris Anaconda Baltimore Ohio Canadian Pacific Chesapeake & Ohio Southern Pacific Wabash Amalgamated Copper Exchange Berlin Treasury Statement NEW York Mining W. E. Hutton & Co First National Bank Tee WOOL Metals Boston Mining Procter & Gambie Common Cincinnati Street Railway Toledo Railways Light Columbusee Cincinnati Gas and Electric and Procter & Gamble Cin. & Sub Cin. Gas & Electric Col. Gas & Fuel Pl St. Ry Gas & Electric Col. Gas & Fuel Pf Toledo Rys. & Light S. F St.Ry. i U. S B&f Lorain S. Ry. Ter Col. Ry Davies Det Railro Big Four Dog. m Po C C.R F.W Nor Jom B. G Tol Ur & In Germ Ic. Lo & N Barton Em Mi Miamis N. & C.br.pr Trith, Pr Niles T.W Cincinnati Clearing House Eespteacee Ask Ask. Cin Cios de Ee Col. & Xenia Te Bier Little Miami Tractio Ohio Traction Scioto Valley Bo Pretty If. Rys. & L Telias Hous Brownell Hueb F. S. Tob Cagrey-H Dovist Ch. C Kroger Proc. & Gam Columbia Gas Steptoe-Shosae Tek W. Powell Om Toulds M. M Wurlitzer Fleisch’n de Pref Bar Cin Edison Ham Fay & Egan Fs P. Oe Ee Ee Panama Cent Trust Cincinnati Bonds Consol S. F A. Q J J F A Seeee Vo M. N FL A Pere Rer Paaton Ry. Ter. Pie F. A Viaduct J. D Ge Eer A F. i Essocces Hamilton County Elizabethtown Longview Streveewer Armory Benson Street Bridge Big Miami Bridge Covington Caecesseeseel Prundine Newport Sandeseeel Roberts, Hall & Criss New York Stock Exchange American Tobacco Borden's Milk British Columbia Copper Otis Hierator Ecc A. Davis-Daly Cotton Letters C. J. Buddeke & Co Union Trust Low Ose Eee Ence Ace the German National Bank James C. Ernst George E. Engle Hamilton H. P. Colville Fruits and Vegetables Sangere Santos c Java Japan Dijasia Esesees Bacon Bushel N. O Akron Crescent Pricniggle Scgecacss Navy Ueekbas Owen Wetereee Seaeeeese Sigabie Baldwin the Baldwin Company W. 4Th St Hotelhavlin 4Th St Wieta Louisville Tobacco
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