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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Jul 11, 1908
Page
14
Widespread rains in the wheat belt west of the Mississippi push futures higher while cash grain stays firm. July wheat gains briefly crest while September and other grains show mixed moves, with strong cash demand and limited hog price support. Rail and regional quotes from Kansas City and Liverpool reflect a cautious market tone.
Flour exports and domestic bids mixed as receipts show 17 882 barrels with 967 barrels exported. Wheat and corn show steady to firm tones despite heavy rains and floods in winter states. July contracts range from 1.26% to 1.27 for wheat, with other grains and oils quoted across multiple grades and regions.
Cincinnati reports for the week ending July 10 1909 a rise in cattle marketing with receipts totaling about 4 034 head versus 3 162 last week and 4 086 two weeks ago Prices moved unevenly with fat cattle and heifers firm to higher while middle and heavy steers sold slower Heavy steer prices ranged 5 60 to 6 60 per 100 pounds bulls 4 60 to 4 85 milch cows and calves also listed Cattle markets in Kansas City St Louis and Chicago show varied activity and pricing for cattle hogs and sheep.
Oil City reports credit balances of 1.63 with runs 195163 barrels and shipments 215081. Savannah notes turpentine steady at 46 to 47 cents with 1082 barrels sold and 299 receipts. rosins show firm sales 1948 barrels and stock 143311 at various price levels. Charleston records unchanged turpentine and rosin. Toledo shows North Lima and South Lima oil values. New Orleans notes rosins with 55 barrels received and 100 shipped to Liverpool.
The New York dry goods market closed very strong for the week with advances asked being paid. Cotton yarns show broadened demand and fine cotton goods were active. Bur lap purchases were larger, and initial dress goods business for spring was booked by large staple companies.
Industrial World shows gains with many factories running at full capacity and others nearing it. Steel trade remains active as labor improves over recent months, and crop conditions are noted as important to the economy.
Industrial activity rises with rail and pig iron output up sharply. Cotton markets rally on bull support as crop prospects improve with corn and wheat forecasts strong. prices remain high and cash flows bolster banker confidence amid expected tariff and corporate tax changes.
The New York port reports week ending July 3 merchandise and dry goods valued at 16,136,432 dollars. For the current week imports of specie amount to 70,790 dollars in silver and 190,896 dollars in gold, while exports of specie total 9,601,648 dollars in silver and 2,996,000 dollars in gold.
The secretary of state authorizes several Ohio corporations with stated capitals including Crown Iron Bed in Cincinnati 20000 Consolidate Roofing and Paint in Cincinnati 50000 Evans Quick in Canal Dover 10000 Regal Mantle in Piqua 5000 Hast Cleveland Realty in Cleveland 5000 Chagrin Valley Hunt Club Gates Mill 25000 The Ohio Tire in Columbus 10000 and a Presbytery of St Clairsville Bellaire church establishment. Ohio Trust increases capital stock from 500000 to 700000.
Market notes from New York Kansas City Chicago and St Louis report butter steady to firm eggs irregular cheese steady to strong and poultry firm with various regional price ranges and receipts for the week ending July 10.
Coffee prices opened unchanged as Havre shipments of 8 500 bags supported near contracts. Late month positions cooled slightly while June posted a loss. Trade included 8 250 bags sold with July at 7.06 cents and other months quoted from 5.50 to 6.15 cents. Spot tones steady to quiet for Rio No 7 and Santos No 4.
The Manchester cloth market saw buyers anxious to place orders on the old basis as cotton prices climbed. Deals were few and focused on immediate delivery while yarns appeared clearer but activity remained limited due to higher raw material costs.
Wool prices and qualities varied in St Louis with unwashed and tub washed grades listed. London auction totals show 10 769 bales sold at steady rates with strong demand from continental and home buyers for merino and cross breds. next week 73 570 bales will be offered.
Toledo price list shows cash Clover seed at 6.65, October 7.05, December 7.06, March 7.15, No 2 6.26, rejected 5.50, n g 5.10.
The week’s exports show wheat reaching 80 000 bushels to Europe and coffee arrivals totaling 1 300 sacks from Brazil at New Orleans. The brief shows commercial activity and shipments, indicating international trade flows through the port.
New York metal markets show little movement on July 10 as cables are absent. Tin holds at 28.350 to 29.20 dollars, copper quoted 13.25 to 13.50, electrolytic copper 12.5 to 13, zinc 13.68 to 12, lead 4.35 to 4.40, spelter 35 to 5.40, and iron steady near recent levels. St. Louis reports seed gull at 23, and goalter data eas.
Cincinnati prepares for a new three story brick and stone structure at the corner of McMillan and South Elm streets opposite the Alms hotel. William Walker Smith raised rent, forcing R Freiberg to move his drugstore, and the project will include Freiberg's store on the first floor once completed. The $40,000 building will replace an old Reliance Engineering Co site and improve Walnut Hills.
A $700000 deal advances the Morris Mohr rear property transfer to the theater group, enabling a 15 feet rear extension at Hatters alley and Walnut street. Fletcher Huntington joins Cleneay Nourse firm as plans accelerate for a modern theater and a $500000 O. M. I. building with new car and carriage entrances.
The report notes declines in fifteen cities with New York showing a drop from 16 969 190 to 11 704 725 for the month a 31 percent decrease. Experts say fewer big permits in June account for much of the difference while other cities show minor changes amid overall healthy building activity.
Multiple lines show transfers and parcel descriptions as 40 by 122 feet on Earnshaw Avenue to Huebner, Lot 17 in Grover’s addition to Cunningham, and various other deeds. Additional entries include 156 acres in Bata via pike, 26 by 100 feet corner lot, and tracts in sections 16 and 8 with assorted grantors and heirs.
Harold Fowler plans a two and one half story dwelling on McMicken between Warner and the incline with a 5000 dollar cost. Filla Schlotmann and Alice Baldwin seek two and one half story houses on Berry between Erie and Observatory roads with unspecified costs.
American banking representatives in London will travel to Paris early next week to seek European financiers' participation in the Hankow Sze Chuen railroad loan of 27.5 million dollars. Negotiations stalled as the Americans insisted on the state department terms, and continental mediators urged a postponement for government consultations.
Roy and Clifford Cobb of 1519 Central Avenue were reported missing yesterday morning after informing the police they preferred roaming to staying at home.
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