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Newspaper

Cincinnati Commercial Tribune

Location

Cincinnati, Ohio, United States of America

Date

Jan 29, 1908

Page

8

Stock Market Steady on Fostering Care of Banks

New York on Jan 28 stock prices steadied as banking and capital interests fostered support against unfavorable incidents and short interest. The market awaited the United States Steel quarterly report and dividend news from Cleveland Cincinnati Chicago & St. Louis weighed sentiment.

Commercial Tribune New York United States Steel Corporation Cleveland Cincinnati Chicago Chicago & St. Louis Vanderbilt Company

TICKER TALK

American stocks in London firm and four percent above parity. Delaware and Hudson borrows six million dollars for five months from Kuhn Loeb and Company to meet maturing obligations. Consols and gilt edged issues remain strong in London. Northwest’s January earnings show no December improvement. US Steel employees under the profit sharing plan receive 125.40 per share on a cost of 82.50 over five years. Cash accumulation at banks outpacing prior crises. Great Northern five months ended November 30 revenues 29,916,514 with 11,123,001 after expenses. Northern Pacific December revenues 6,121,549 with 2,642,972 after expenses.

Delaware & Hudson Kuhn, Loeb & Company United States Steel Great Northern United States Steel Company

What Brokers Say Market Note

Brokers describe money as a drug not a factor in pricing. They note weak periods with little real liquidation and expect gradual market improvement. Copper metal gains induce short-covering in Amalgamated Copper while some feeding out in specialties suggests selling remains steadier than buying.

Chas. E. Bultman Company Amalgamated Copper H. E. Hutton & Co

Stock market closes strong amid rebound and mixed tones

New York stocks closed strong as demand improves risk appetite and prices rebound after last week decline. Analysts note a possible range of 2 to 5 points with many good turns ahead while others expect better results after the Steel statement. The Big Four dividend cut sparked a sharp price drop and wider selling, leaving the close unsettled.

H. M. Beazell New York Page & Hill W. R. Todd & Co

Available Grain Supplies Rise and Fall Across Regions

Bradstreet’s telegrams show United States wheat east of the Rockies fell by 329000 bushels while Canada rose 71000. Total US and Canada wheat declined 258000. afloat for Europe up 2200000 and total American and European supply up 1942000. Corn US and Canada up 1518000. oats up 103000. Leading gains: Portland Maine 135100, Milwaukee elevators 90000, Minneapolis elevators 50000, Watertown South Carolina 50000. Losses: Manitoba 209000, Louisville 127000, Omaha 106000.

New York Bradstreet United States Rockies Canada Europe Portland Milwaukee Minneapolis Watertown S. C Manitoba Louisville Omaha

Boston Mining Prices Reported in Early Trading

Boston prices for mining stocks show a wide spread with Amalgamated at 52 and Isle Royale at 0 0. Calumet and Hecla rising to 665, Mohawk at 56, Granby 88, Centennial 27, and United States Steel at 33144 amid varied activity across multiple mining and oil interests.

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 Arizona Commercial

Coffee futures dip slightly as liquidation trims gains

New York trading opened steady before local buying and liquidation pressure pushed values down modestly. March contracts around 6.10 cents, May 6.?, July 6.??, September 6.35 to 6.40 cents, December 6.50 cents with spot steady for No. 7 Rio and No. 4 Santos at 8 and 9 1/2 cents respectively. Mild coffee quiet with Cordova at 14 1/3 to 15 cents.

New York Rio Filge Santos Cordova

Cincinnati Business Notes and Society Updates

The Industrial Bureau plans an organization meeting at the Business Men's Club next Friday. Officers will be elected and tasks addressed. Visitors include A. P. Downs Pittsburg Walter Wellman Washington D C James Bell Toledo and Dr Carroll Price Louisville. A. J. Conroy leads canals committee delaying Columbus trip awaiting audience with State Board of Public Works. Delegates push bills in Columbus for Cincinnati interests including smoke abatement tax reform and canal improvements. New Bell Telephone Directory due February with about 50 600 entries. Williams City Directory canvass begins for 1908 April issue.

Industrial Bureau Business Men’s Club A. P. Downs Pittsburg Walter Wellman Washington, D. C James Bell Toledo, C Carroll Price Louisville Committee On Canals of the Associated Organizations Columbus A. J. Conroy State Board of Public Works R. R. Reynolds G. Drach J. C. Shaefer State Board Cincinnati Bell Telephone Directory Williams City Directory Company Cincinnati, Hamilton & Dayto Railway Company Uiincinnati, Hamilton & Dayton’ Railway Company S Company Rowm Carew Building Southw Corner Fifth Vine Streets United States Monage and Trust Company Gage Central Trust Company of New York Thomas J. Walsh

Security Demand Grows as Markets Turn Active in Cincinnati

In Cincinnati on Jan 28 clearings rose to $4,133,800 with notable gains in Cincinnati Gas and Electric and Cincinnati Suburban Telephone. The local market showed stronger quotes, heavy trading, and a record price for the utility, whileMoney remained easy at 55% for call and time loans.

Cincinnati New York Exchange Cincinnati Gas and Electric Stock Exchange Cincinnati Street Railway Columbus Gas and Electric Cincinnati and Suburban Telephone Cincinnati, Gas and Eléctric

K of P Lodges Plan Orphans Trip and Meeting

Hamilton County K of P officers meet in Sixth and Walnut rooms to map a sight seeing trip for Springfield Orphans Home. Cincinnati Boot and Shoe Manufacturers elect officers at the Shoe and Leather Clubrooms with Sam P. Wolf and Albert Helmers among the leaders. After the vote, luncheon follows.

Hamilton County K. of P Sixth Walnut Streets Springfield Cincinnati Boot and Shoe Manufacturers’ Association Sam P. Wolf Albert Helmers S. T. Hennessy John Helming, Jr Sam

United States Steel declares quarterly dividends

New York January 23 Quarterly dividends of 1 percent on preferred stock and 0.5 percent on common stock were announced by United States Steel Corporation. Net earnings for the quarter ended December 31 were 32,553,995 dollars, down 9,180,969. Unfilled orders stood at 4,622,553 tons, down 3,865,165. For the year, earnings totaled 160,984,477 dollars, up 4,360,202 from 1906.

Commercial Tribune New York United States Steel Corporation

Money markets firm on month end demand across world

London and Paris markets show firmer mood with gilt edge securities drawing investors. Consols advance while home rails weaken from profit taking. Japanese bonds and Mexican rails gain as foreigners buy. In Paris prices strengthen with three per cent rentes firm. Berlin shows quiet, firm Bourse with higher London exchange.

London Stock Exchange Wall Street New York Consols Anaconda Atchison Canadian Pacific Chicago Great Western Chicago Milwaukee & St. Paul de Beers Denver & Rio Grande Erie Grand Trunk Illinois Central New York Central Norfolk @ Western Botario & Western Pennsylvania Mines Reading Southern Railway Southern Pacific Union Pacific United States Steel Wabash Paris Berlin Exchange

Treasury Balance Report Shows Cash and Gold Holdings

Treasury release lists general fund balances as of today with available cash $260,628,889, gold coin and bullion $29,691,540, and gold certificates $41,965,020, excluding the $150 million gold reserve.

Washington Treasury General Fund

New York Bond Sales

Market summary lists bonds from W. E. Hutton & Co and First National Bank, detailing prices, yields, and totals for United States rail and industrial issues. Figures include Pacific coast, Reading, Wabash, St. Louis lines, and various utilities with mixed premiums and discounts across multiple issues.

Pa. Co Pac Pa. Gold Union Pacis SOOO Coe Peo E. Ist Pacific Con N. J. Col P.c St. Louis & I. M Wabash Los & I. M Brooklyn UN St. L Caine Tbs Wabash Sh Pitts. T Tob Istrec'ts Wabash Pitts Or. Pac Nor St. P Fala Re. S. L S. L Sly A— Cc Alton Prin Ce Ban Saben Cae

Money and Bond Markets Across New York and Boston

New York reports call money 4 percent with 60 90 and 180 day rates around 4 percent. Sterling exchange steady at 487.10 demand and 483.75 sixty day bills. Government and railroad bonds firm. prime mercantile paper 5 to 6 percent. Boston lists call loans 4 to 6 percent and a range of railroad and industrial issues with varied gains and price levels.

Cincinnati Clearing House Paris London Glasgow Belfast New York Stock Exchange Prime Mercantile Paper Sterling Exchange Firm Boston Atchison Adj Atchison Mexican Central Boston & Albany Boston & Maine Boston Elevated Fitchburg Union . Pacific American ‘Arge. Chemical American Pneumatic Tube American Tel Tel American Woolen Edison Electric Iluminating General Electric Massachusetts Electric Massachusetts Gas United Fruit United Shoe Machine United States Steel

Dairy and poultry markets report steady prices across regions

Chicago and New York report butter creamery and cheese prices largely unchanged with steady creameries and eggs. Kansas City notes a 2 cent rise for fresh extras with higher firsts while poultry shows mixed gains in dressed and live markets.

Chicago Gables Kansas City Japan New York Michigan Limburger New

Traction bonds and securities listed in regional notes

A dense list of bonds and securities including various traction bonds, railroad issues, city and county notes, and preferred stock mentions. Entries reference entities such as Northern Ohio, Miami Es, Niles B P, Fay Eg, Hoover O R, and Shillite Co with prices and percentages. The fragment notes unlisted and listed securities, bond types, and percentages across multiple issuers.

Bullock Fay&Eg. Com Hoov-O-R. Pr Niles B.-P Do. Pr.a.&b Ind St. Ry Shillite Co Pe Niles T.W

Cotton Letters Open With Steady Start and Cautious Tone

The market opened steady with a 1 to 6 point decline and active early trading. Reports that foreign mills would run part time caused traders to feel uncertain while analysts warn of a large short interest and a potential sharp upturn if buying power strengthens.

W. E. Hutton & Co W. R. Todd & Co

Cotton Market Summaries Across Global Exchanges

Spot cotton remained quiet in New Orleans with middling at 12c and sales 500 on spot plus 1,150 to arrive. Liverpool and New York saw mixed futures. New York closed steady after a late rally, with losses from earlier bear pressure and reports on Lancashire mills. Prices traded lower across regions, with US and UK futures reflecting soft demand and shifting rumors about it being difficult for mills to operate at full capacity.

New Orleans Liverpool New York Manchester Lancashire Uplands Gulf

Wool market moves and details from London to Boston

Wool prices hold steady in St Louis and London auctions show robust American demand. Detailed bale listings by region include New South Wales Queensland Victoria South Australia West Australia New Zealand and other areas with scoured and greasy grades and price ranges. Boston notes improved foreign wool markets and domestic fleece quotations across several grades and states.

ST. Louis London New Zealand New South Wales Queensland Victoria South Australia West Australia Cape of Good Hope Natal Boston Ohio Pennsylvania Delaine Kentucky Iona Missouri Texas

Commodity Prices Reported in New York Markets

New York market summary lists prices for Adams Consolidated 0.06, Alice 2.50, Breece 0.10, Brunswick Consolidated 0.10, Comstock Tunnel 0, California and Virginia -0.68, Horn Silver 0.60, Iron Silver 0.75, Leadville Consolidated 0.06, Little Chief 0.05, Ontario 2.73, Ophir 1.8, Potosi 0.10, Savage 0.60, Sierra Nevada 0.50, Small Hopes 18, Standard 1.30.

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

Markets at Cincinnati January 28 1908 Wheat and grain prices

Minneapolis wheat and corn advance with firmer tones and steady oats. No. 2 red winter sold at 1.01, No. 3 red at .99, No. 2 yellow 58 to 58 3 4 cents, mixed ears 50 to 55 cents. Rye and hay show steady demand. whisky volumes listed. Grain inspections detail cars by type and grade.

Cincinnati Minneapolis Northern Petro Tim.s’d

Groceries and meats price list with assorted produce

A historical ad lists all items with bulk prices including apples per barrel 3 3.50, bananas to 2 per bunch, cranberries 2 per box, onions 60 to 65 per bush, potatoes 2.50 per barrel, pumpkins 1 per barrel, squash 1.50 per barrel, lemons 3.50 per box, oranges 2.50 to 2.75 per box, beets 15c per dozen, and various green meats and lard prices. Also mentions white lead and red lead materials and other dry goods with multiple per-quantity notes.

Palermo Florida Jersey

Proposals for Machinery at Augusta Arsenal

Sealed proposals for furnishing and delivering Electric Switchboard Motor Generating Sets Motors Air Compressor Metal War and Woodworking Machines with drive Pneumatic Hammer Electric and Overhead Cranes Fuel Oil Furnaces and related machines will be received until 3 February 1908 at Augusta Arsenal Georgia. Application blanks available from Commanding Officer.

Gusta Arsenal Augusta Georgia Informa and Blanks Gusta

Louisville Burley Offerings Mixed in Market Report

Special Dispatch from Louisville notes volume near average with quality mixed. Total 603 hogsheads offered, 413 Burley and 280 from other grades across nine warehouses with varied prices for new and kept tobacco at Nine Street, Louisville Warehouse, Planters, United, Central, State, and Marine Street warehouses.

Commercial Tribune Louisville Volu Burley Ninth Street Planters United Central State Marine Street Ihidark

Also Mentioned on This Page

Altoona American Ae George Eustis & A Mercantile Library Atlantic Coast Line St. Ae Colorado Southern Atone Great Recern Ilinois Centrals L. & N. Avvarbacsesepes Manhattan Atoescesees Lae O M., K. & Tenes Seccse Missouri Pacific Casons Ontario & Western Setae Southern R. R St Paul Texas Pacific Wees Ae Union Pacific Car Biscuit Eee Nee Een Ieee Western Union Ticker Northwest Northern Pacific J. E. Jones & Co Boston Mining Rogers, Brown & Co Matthew Addy & Co James Gary Thomas J. Davis Bankers’ Club C. L. Chester Queen City Club Evans Hampton Roads Mill Creek Special Dispatch Col. Gas and Fort Philip Carey Hamilton Union, Light, Heat and Paw Link Pleasant Ridge Delhi N.O T.P Col. & Xenia Do Pol Miami Tractio Cin St. Ry Colum. Ry Col. Ry Int O.l.&t Rys. & L Scioto Valley N. Edison Columbia Gas Fay & Egan Aid Col Pa. Sade U.S Ask Panama Philippines S. Casey-H Kroger Carey Cin Mill Pr Gam Cin Torarco Robi Realty Columbia Gas G Cuyanoga Tel G&e W. Fowell Toulds Urlitzer Fleisch Atlas Nat Cent Trust Cincinnati Bonds Onsol S. F A. Q J. J A. Ba M. N F. A SF Water Works Southern Ry. Ter J. D Hamiltonnty Elizabethtown Briseteeeteeeedl Longview Desmams Benson Big Miami Covington Lyzee Dea Street Steel Trust Corporation Treasury Statement Peoria, Ill First National Bank Motal Sales Ham, & Lind R. & Teuee Railbo F.W N’l Cov, & C Nor. O Nor.o.l Miami Es Securities Colum. Sav. Co Norw. First Nor. Nat Nor. Sav S. T Union 8 Unity Traction St’ks— C.&c.edg Roberts, Hall & Criss New York Stock Exchange American Tobacco Chicago Subway Tees Dominion Copper Havanna Tobaccom Otis Pete A. P. Com Henan Benese Daly-West Canariea Newene Davis-Daly Cotton Letters Buddeke & Co Union Trust Building Low Cloge nNo Sentee Neeee Sor Prileenee WOOL NEW York Mining Haysas National Bank Walnut Street Arket ADASC Springbarley Fruits and Vegetables Garoiud Iy Smt N. Y Timothy Gramate ME Warner Neenee Akron Crescent Cleveland Diamond Java Yough Bdb Dr. B’s Bushel Nut & Slack Pere Plaaneeeee the. Greer Filter CO Joseph Oreon Fred A. Lamping Hazen County Bates & Meyer America Foster & CO HOTEL Havlin Vine St John W. Ballmann Vine &J Carew Bidg Baldwin the Baldwin Company W. 4Th St Hotelhavlii City of S. Kuhn & Sons East Third Street de Quartermaster’s Office Whitehall New York City S Department U U. S. Army Pri Wm. G. Patten Ohio Traction Company Walter A, Draper Louisville Tobacco
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