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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Jun 01, 1908
Page
8
The week closed with subdued securities activity as Eastern market manipulations cooled local trading. Bonds and municipals remained firm, New York exchange scarce, and money rates held near 4 percent with widespread concessions.
New Orleans on May 30 reports cotton seed oil prime at 4 1/7 cents per pound. Market notes indicate steady demand and firm pricing for refined and crude varieties amid trading activity.
The report notes cattle movement remains strong with 3 738 head sold the week, prices slipping for most beef cattle and light stockers softening. Hog throughput falls to 18 133 head with prices down 10 to 20 cents from last week, while sheep and lambs rise receipts to 6 552 with lower averages. Regional markets in Kansas City St Louis and Chicago show varied price ranges for steers hogs and lambs as supply shifts.
Cotton market in New Orleans shows steady spot prices with middling around 11c and sales totaling 900 bales, while futures retreat from yesterday’s close due to Decoration Day and quiet activity. Liverpool futures also drift lower as day ends, with American exports limited and futures at a muted close across main months.
The 1908 Manual of Statistics, thirtieth annual edition, covers railroad and industrial corporations in the United States and Canada, government securities, mining stocks, and grain and cotton statistics. It highlights newer industrial and mining securities, dividend changes, and is published by The Manual of Statistics Company in New York for five dollars.
A compiled list names William A. Lemmon as President and Charles A. Ault as Vice President, with other executives and attorneys including William F. Boyd, Charles C. Chase, Herman Erdman, Fred J. Mayer, Charles H. Kellogg, Harry L. Laws, Thomas J. Moffett, Alexander Offner, Miles T. Watts, and associates from firms such as Boyce & Boyd, Maley Thompson & Moffett, Mayer Scheuer Offner & Co, and Cincinnati Mfg Co. The notice also references Safe Deposit Boxes, Bond Department, Foreign Department, Ocean Steamship Tickets.
The brief market notes report price movement and trading activity in Cincinnati. Demand and supply indicators show variability with investors watching key commodities and local indicators for direction.
May 30 1908 price display lists flour oats rye and wheat ranges for No 2 Ved country grain and several fruit and vegetables including apples asparagus bananas and cucumbers with prices per cwt crate and per bunch. London Paris and Berlin financial updates follow with mixed activity and weak rente.
The London Stock Exchange reports a cheerful week with gilt edged securities rising as Bank of England discount rates ease. Consols lead gains, foreign bonds and rails advance, Kaffirs climb on low costs and mining efficiency, while American securities weaken with Wall Street selling.
Market notes show turpentine steady in Charleston and Savannah with modest bbl shipments and steady rosin prices. Wilmington reports quiet spirits turpentine and steady rosin, tar and crude turpentine firm with incoming bbls and casks.
Market traders report only half hearted moves to bridge the gap between low bids and higher manufacturer quotations. Trade is small with light goods and Dhooties for India and med miscellaneous cloths to the Mediterranean. Yarns rise %c but overall business remains poor as spindle stoppages for holidays bind spinners to higher quotes.
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