This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 17 articles. Subscribers can read the full text of each article.
Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Jun 01, 1902
Page
14
The article argues that lasting value in investments hinges on permanence and safety margins over interest or dividends. It cites utilities in cities, large corporations, and especially street railways and steam railroads as increasingly safe, profitably growing securities with future value enhancements.
The 4 percent Detroit United Railway stock shows strong intrinsic merit with 17 000 shares absorbed in ten days by buyers from the East and Canada. Montreal took 3000 shares in one block as prices rise from 71 to 77.5 percent, with requests from Toronto and others. The stock trades mainly on Cincinnati and Cleveland exchanges, with NYSE and Toronto listings. The writer values the stock at 90, expects a 5 percent dividend next year, and notes sustained upward momentum supported by public demand.
Detroit United Railway consolidates 380 miles of electric lines with $15.88 million bonds and $12.5 million stock. Earnings for 1901 to 1902 show a net surplus above 7 percent on capital. A Philadelphia syndicate proposed leasing with a 4 percent base, escalating, but the plan was rejected.
The Everett Moore Syndicate stock has been absorbed by investors with Messrs Everett and Moore remaining active directors. About 20 000 shares released by the Bankers Committee in Cleveland were offered nationally and nearly all sold in a week except about 2 500 shares. The article notes the stock is valued near par and expects prices to rise further as the open market absorbs remaining shares.
Saturday trading in New York and Cincinnati reflected no Stock Exchange session due to Decoration Day. Local curb activity was robust with clearings and bank liquidity up, while New York exchanges stayed dull with firm rates. Bank clears rose to 17,006,650 this week, deposits and reserves increased, and prime paper was discounted at the 5 to 6 percent range.
The New York banking scene shows loans rising by 15.1 million and deposits up 16.6 million amid a 2.3 million surplus decrease. The Weekly note cites a cash gain and a $2 million weekly shift with a $4.14 million reserve rise, while European markets firm on South Africa peace prospects and Austrian worries. Investors noted a 1% private discount rate and subdued activity across brokers.
May reports show varied oil and turpentine activity. Savannah quotes rosin and spirits with firm ranges from $1.26 to $3.20, while Wilmington notes little activity and crude turpentine at $1.40 to $2.60. Toledo lists Northern Lima oil at 88 cents and South Lima at 8 cents. Charleston reports turpentine and rosin unchanged.
Invest one dollar in the Commercial Tribune estimating contest offering a total prize of 34000 dollars. Participants have 1490 chances to win the top prize and claim substantial money.
Iron market notes little activity as nearly all Southern iron for 1902 has been sold. Ohio furnaces mirror Alabama and Tennessee, leaving only odd lots. Traders expect 1908 crops to influence next year’s business. iron trades expect to hold off 1908 sales until September or October.
The third series of wool auctions closed with 8 224 bales offered and a fair attendance. Demand was strong for fine grades, prices steady with a rise of about 10 percent for many lines, especially merinos. Total catalogued 244 000 bales. 216 000 sold, 18 000 held over. continent bought 170 000.
London market notes show a wide range of stocks with varied prices including Consols at 97 percent and Baltimore & Ohio around 1? percent, Erie near 28 percent, United Steel 41 percent, and Beers around 42 percent. Paris onlookers report firm Bourse prices with Brazilians and Argentines in favorable demand. Rio Tinto and Beers drifted on dividend rumors amid subdued Industrials.
May 31 reports show butter at 24 to 24 1 2 cents per pound for tubs and 14 to 16 cents for bricks. Poultry includes hens 12 cents, chickens two dollars to five fifty, ducks eight cents, and turkeys variable. In St Louis cold storage prices list eggs higher, butter steady with creamery at 16 to 22 cents, and turkeys and geese noted with mixed values.
A Commercial Tribune notice invites readers to invest $1.00 for 1.49 chances of winning a prize. The ad outlines a simple entry option and potential payout, aiming to attract readers with a low buy-in and clear odds.
Cotton market in New Orleans shows quiet, steady activity with 1,200 bales sold and a stock of 137,586. Grades range from ordinary to good middling with prices quoted for June to January futures, including June at 9.24 a 9.28 cents and October at 7.82 cents. Receipts reach 2,477 with futures steady.
Charlies Kauffman hosted a beefsteak supper in Hoproom to celebrate the John Kauffman Brewery receivership being raised. Attendees included lawyers and friends. The menu featured large tender steaks with pitch boiled potatoes lager beer rye bread and tomatoes. William Rotacker a young bass singer entertained with songs and recitations while a local German band provided music.
A Chester afternoon event features Smith the high diver and Morris Thomas officiating. Jesse Goldsmith will oversee the quarter mile race set for 4 30 in the local venue.
College Hill will dress in holiday attire as the Ohio Military Institute hosts alumni and friends next week. Rev W Rathsey of Piqua preaches the baccalaureate sermon at Grace Church tonight, followed by cadet dinners tomorrow and a cadet dance Tuesday. The First Regiment Band performs on campus with a cadet drill at 9 am Wednesday.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.