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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Jul 17, 1908
Page
24
Strong receipts of new wheat from the Midwest and Southwest push down prices. Corn stays steady, oats and hay mix with weak provisions as traders await further deliveries and cash grain demand. Weather remains favorable for harvests, lifting arrivals and pressuring futures.
New York receipts and exports across grains and foods show steady to firm tones. Wheat No 2 red values range with open futures near $1.45, July around $1.30–$1.32, and December at $1.15–$1.17. corn and rye show mixed softness with July and September positions noted. Oils, fats, and meats move mixed with steady to firm pricing in lard, beef hams, and pork.
Cincinnati Ohio July 17 1908 Receipts and shipments for the past week show cattle hogs and sheep movements rising or falling versus prior weeks Heavy cattle prices drift lower with Monday receipts 2181 pushing them down to the 6 25 range Fat cattle steady to weak while heavy steers and cows show reduced demand Hogs reach new high references then retreat with top at 8 45 New price levels for sheep and lambs show mixed moves with lambs weaker and fat sheep firm Special dispatches from Louisville Neb and Chicago provide regional comparisons and totals for hogs and cattle through the period.
The New York market shows a standstill with notable stock holdings pegged by powerful cliques. Builders of demand push for higher prices while big operators seek to distribute with renewed activity. Values are high and risks loom if dividends fail to rise.
The article notes United States Steel and Louisville & Nashville lead gains on optimistic dividend prospects with prices near a high, while overall markets stay listless. It highlights heavy new issuances anticipated next month, a buoyant steel trade, and expanding bank lending amid high prices and warnings from financiers about market sustainability.
United States railroads for the first week of July show total gross earnings of 6 536 143, up 63 percent from last year while losses versus 1907 remain under 1 percent. June and monthly totals for major systems are detailed, with Pacific, Southwestern and Western trunk lines posting gains. The preliminary June report lists all roads at 37 769 725 in gross earnings, up 9.4 percent from 1908 but down 8 percent from 1907.
The secretary of state authorized capital changes for multiple Ohio firms. The Great Northern Oil Company in Columbus gains 50 000 dollars, Flint Park Allotment and Construction in Cleveland 100 000 dollars, and several others expand their stock, including The Twentieth Century Heating and Ventilating Company Akron from 100 000 to 350 000, The Superior Clothing Company Cleveland from 25 000 to 35 000, Knerr Board and Paper Cincinnati from 150 000 to 225 000, Ridgley Trimmer Columbus from 100 000 to 200 000, and Ransom and Randolph Toledo from 125 000 to 200 000. The Independent Holiness Church The Plains Athens County also listed.
Wool prices held steady in St Louis with medium combing and clothing grades at 22a28c and light fine at 20a25c. London market offered 18,369 bales with fair demand as buyers and continental spinners took best scoured merinos amid upcoming sales of 24,000 bales.
New York July 17 The softening cotton market spurs further sales of cotton goods with prices easing yet sales firm on fine and fancy fabrics. Jobbers report moderate trade and strong orders for spring goods including household linens Burlaps remain regular in demand.
Boston reports a list of mining and allied stocks with bid quotes from Adventure to North Butte, including Amalgamated 82, Calumet & Arizona 630 bid, Isle Royale 25, Granby 99, Michigan 94, United Copper 9, Nevada 23, and Wolverine 146, among others.
The Manchester cloth market remained dull last week as Far Eastern markets clear old stocks and avoid new orders. Manufacturers held firm prices while yarns stayed high and spinners refused concessions.
Exports of breadstuffs from New Orleans for the week include 90,621 bushels of wheat to Europe, with no corn shipped this period. The report notes other commodities not listed.
New Orleans July 17 report notes a week’s arrivals of coffee show negligible shipments as Haitian imports are absent and overall activity remains subdued.
A compact two bedroom bungalow on Mitchell Avenue Avondale features rough stone work and a shingle effect. Built by Harruot Bros and owned by J E Hirst the home emphasizes practicality and curb appeal with a living room dining room and kitchen.
Ely dispatch reports 185 feet drilled on the Clipper group near the Puritan claim with ore of good commercial grade. Porphyry encountered, ore similar to Puritan with 3 percent copper and gold values. Drilling to continue to prove ground, planning 200 foot holes along the west line and between the two Clipper claims.
The Black Diamond reports Southern centers expect railroads to cover about 500 000 tons for next winter as July storage winds down. Prices may rise due to limited summer supply and looming demand, with miners in Pennsylvania and West Virginia facing wage disputes and strikes complicating supply.
Clarence L. Taylor completed a four flat on Riverside Avenue costing about 6000, plus a 900 dollar lot on Burwood Avenue. Herbert Pachoud announced a 4000 dollar residence and a 900 dollar lot, with ground broken next week. Samuel Hauvaford & Sons report 1500000 dollars of planned work in other cities including courts, churches, banks, and a Dayton church. A Dodge bulletin notes a slight activity dip but still high volumes with full plant operation and improving lumber and cement markets. Pachoudoud also sold two properties on Herbert Avenue for 4150 dollars and a 3500 dollar brick lot sale to Becker.
Real estate records show multiple transfers and mortgage filings including Anthony Van Agthoven to Ralph O Newcomb for lot 403 and part of 404 in Basinger Hopkins third sub South Norwood. J I Cosby to EB E Purdy for lot 1 in Eri F Jewett's sub Redbank. Additional notes list leases, subs, and building permits across Norwood East Second Street and Westwood areas with various parcels and rentals.
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