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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Jul 08, 1908
Page
1
New York July 6 The stock market shed last week’s lethargy and gained energy and animation as transactions rose. Investors pushed prices higher amid limited supply and widespread accumulation. Bond buying appeared modest but positive, with bets on a broader recovery after the Democratic convention and a government grain report slated for Wednesday.
Money eased into the market with dividend releases as the continent drew $1,750,000 in gold. Irish land stock issuance sank gilt-edged securities though gains later appeared. American shares drifted, New York firms bought Baltimore & Ohio and Union Pacific, keeping a firm close as Paris supported foreigns and Kaffirs. Consols quoted at 87% with further movements across rail and steel issues.
The report lists several railway and steel stocks with varied percentages, bar silver at 24 1 2 per ounce, and discount rates for short and three month bills. Berlin trading shows dull, slight uptick with London exchange at 20m 38 1 2 pence. Paris prices steady with three percent rentes at 95 85 and London exchange at 26 francs 12 centimes.
New York reports money on call easy at one percent with ruling rate 1.44 percent. Time loans show 1 1 2 to 2 1 2 percent for sixty to ninety days and six months at 3 percent. Sterling exchange steady. Boston notes list diverse railway and industrial issues with varied bids and prices.
Boston on July 6 reports mixed performance across mining and mining related equities. Notable leads include Centennial 26 percent and Isle Royale 9 percent with several copper and coal companies posting gains and declines across the board.
The New York coffee futures market opened irregularly with prices unchanged to down 10 points as European markets and liquidation weighed on sentiment. July, September, December and May contracts traded with slow activity and a late rebound toward the close, spot markets remaining quiet on Rio, Santos, and Cordova grades.
Readable figures show Cloverseed and Alsike values with monthly and annual amounts. Key entries include October 7 874 dollars December 97 524 dollars and March 7 90 dollars alongside general price notes for Aveust ust and Alsike seed.
A period summary from New York bonds lists offerings across multiple rail lines and utilities. Notable entries include New York Central and St Louis lines, Pacific issues, and Unione Pacific securities with varied prices and yields. The report shows numerous small lots and several 4s and 5s maturities, with yields around 8 to 9 percent and prices near 90 to 100.
The Industrial Bureau Board of Directors will meet tomorrow at 4 p.m. in the Business Men's Club with notable business leaders to discuss establishing the Reeves Engine and Machine Company in Cincinnati. The Havana Chamber of Commerce plans US delegates visit around September 1 to boost Cuban American business ties. The Cincinnati National Prosperity Association offers Sunbeam No 4 circulars to merchants.
Cotton prices and futures edged lower or steady across New Orleans and New York trading posts as Liverpool and U S crop news weighed. Spot demand slowed, while reports from Georgia and Southern markets suggested bearish sentiment with limited buying and steady closings for near months.
Traders favored traction and industrials as the market opened firm with limited demand. Cincinnati Newport Covington Light and Traction led gains, with Cincinnati Gas and Electric active, while money rates remained easy and municipal demand steady across major exchanges and bonds.
The Cincinnati market notes firm wheat and corn with light receipts and higher oats demand. No. 2 red winter wheat sold 90c per bushel. corn No. 3 mixed 74c. oats Nos 3 white 55c. Receipts shown for apples oranges potatoes and hay with whisky prices and flour and malt figures.
Ohio Board of Agriculture issues July crop report showing wheat at 86 percent of average, down from 94 percent last month. Declines also seen in corn and oats with pastures in good condition and worm and grub damages noted in specific crops.
The following articles of association were filed today with the Secretary of State in Columbus. Kedslie Company Cleveland wholesale dry goods two thousand dollars. Office Supply and Printing Company Cleveland twenty five thousand. St Clair Coal Company Cleveland eight hundred thousand. Citizens Land and Improvement Company Cleveland twenty five thousand. Case Hospital Company Cleveland twenty five thousand. Frink Pyrometer Company Lancaster ten thousand. A J Conroy Company Cincinnati one hundred thousand. Youngstown Pool Company Youngstown five thousand. Citizens Bank DeGraff thirty thousand. Sébald Schmitt Garage Company Middletown ten thousand. National Metallic Packing Company Oberlin one hundred thousand. Diamond Camping Club Youngstown.
London and New York metals firmed with tin copper and zinc rising in US and UK markets. Local prices for tin copper lead and spelter showed varied activity while iron remained steady. Cleveland and foundry quotes fluctuated but the Detroit area readings were unchanged.
A compact ledger style listing shows numerous securities and bonds with prices and yields. Stocks, bonds, trusts, and traction issues are noted alongside banks and rail entries with varied valuations, ex-dividend marks, and preferred stock mentions.
A dense catalog of meat prices and commodities listing pork cuts such as short clear, bellies, shoulders, and short ribs. beef by barrel. smoked meats. lard. and allied goods like beans, wool, feathers, and hides with varied per unit or per measure figures. Prices include California hams, breakfast bacon, and seed by bushel, alongside general merchandise.
Hoosain in Rangoon Burma invites translations of English advertisements into Hindustani Bengali Tamil Burmese and other Indian dialects at moderate rates. Apply 8S. M. Hoosain Rangoon Burma India.
The report lists acreage and condition comparisons for Tobacco 115 acres 19038 272 acres and Timothy with averages. It notes tobacco prospects at 84 percent of average and timothy 85 percent, tea crop 95 percent, horses 95 percent, colts 93 percent, cattle 94 percent, and mickony with last year at 93 percent. The data references various averages and counts tied to cattle and horse stock.
July reports show firm turpentine and rosin with no recent sales, while tank receipts and shipments are listed. Prices for glass and other commodities appear alongside balances, barrels, and averages for stock and cargoes.
The July market notes show mail orders and major staple lines including cotton goods and fine white textiles in focus. Raw Silk rose two points while an unofficial Calcutta forecast projects jute crop at about three quarters of last year's size.
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