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Newspaper

Cincinnati Commercial Tribune

Location

Cincinnati, Ohio, United States of America

Date

Jun 01, 1916

Page

8

Wheat market declines on large stocks and improve crops

Chicago May 31 Wheat prices fell to their lowest since last March due to large stocks in store and afloat and improved domestic crop reports. July and September futures moved narrowly with minor changes. corn finished lower and provisions fluctuated. Traders shifted from bears to buying as the dollar-a-bushel level neared and reports hinted at better Oklahoma yields amid rains.

Chicago Liverpool Oklahoma

New York Stocks See Pools and Cliques Drive Day Trading

Markets show heavy pool and clique influence with Lehigh Valley and Reading active at times. Norfolk & Western reaches 125 3 4 with dividend adjustments. Chandler Motor and Lee Tire hit new highs. Copper, zinc and oils face pressure after Carranza note. Reading declines. Gold imports rise to 23.5 million. bond market firm on war issues.

New York Lehigh Valley Reading Norfolk & Western Mercantile Marine Automobile Group Chandlerd Motors Lee Tire International Harvester Canada Bank of England London Paris New York City United States

Grain and Provisions Market Report May 31

World and U S grain prices listed by city for May 31 with flour, wheat, corn, oats, hay, hops, hides, leather, pork and beef values. Regions include Milwaukee, Duluth, Liverpool, Cleveland, Kansas City, Toledo, Minneapolis, St Louis and Indianapolis with spot and futures figures and grain quality grades.

New York Kansas Duluth Manitoba Middle West Milwacker Liverpool Cleveland Kansas City Toledo Alsike Timothy Minneapolis ST. Louis Indianapolis

Cotton market slides as liquidation widens futures easing

In New York and other markets May cotton prices eased amid favorable weather and liquidation. July to January months fell, with October around 12.80c and spot middling at 12.80c, while New Orleans listings showed further selling and a weak close.

New York Liverpool New Orleans United States Magtor Inc

Global Market Summary May 81 Financials and Bonds

Mercantile paper 3 percent in New York. Sixty day bills 472 percent demand 475 percent cables 476. Francs and marks quoted with demand and cables. Time loans 2 to 3 percent. London silver and money rates. Paris bourse trading with routes and exchange rates noted.

New York Mercantile Paper London Paris

Cotton seed oil eases as shorts cover on New York market

In New York on May 31 cotton seed oil firmed with shorts covering and new buying on late firmness in lard. Talks of export and light offerings across positions. Final prices ranged 3 to 13 points lower with 17 400 barrels sold. Prime crude 9.53 cents. various months quoted from 10.95 to 9.23 cents for different grades.

New York Shorts

May Finances Show Stock Gains and Strong Bank Clearings

May closed with robust bank clearings of 143 328 050 dollars up from 105 00 850 a year ago and April clearings of 134 562 550. Stock market activity showed 12 782 shares traded and 10 000 dollars in bonds, with general business stronger than a year earlier amid favorable lending rates and steady New York exchange conditions.

Market quiet but loans steady after holiday

Demand for money remained modest with 8 to 5 percent loan rates steady. Trading was subdued but some dealer activity kept markets busy while public buying stayed light. Cincinnati and New York boards showed limited activity as several issues moved small amounts with varied bids and offerings across Industrials and utilities.

New York

Utilities market shows mixed moves across several issues

Cities Service issues led the bid up to 279 with 282 offerings and 88 for the preferred as twenty shares traded. Columbia Gas and Electric rose slightly with 80 shares at 15 percent, while Ohio Cities Gas common moved to 263 with a 22 percent bid. Ohio State Telephone stayed active at 44 percent, and Little Miami guaranteed saw a bid rise to 103 with offerings at 106. Cincinnati Street Railway held at 53 percent, Ohio Traction and North Ohio Traction fell, and Toledo Traction, Light and Power common traded to 464 percent with offerings at 47 percent. Banks held steady in unchanged quotas.

Ee Yd Low. — Co Ask Eereere Alaska United States Steel Allis-Chalmers Utah Carolina Chem Amer Car Woolworth Co Westinghouse Uaeioah Western Union Amer. H. and L. Pref Willys-Overland Eeeneteee Americen Securities Tees Relerecte Lense jSales P. C Atchison Com Baltimore & Ohio Amer. Smelt and Ref Fiji Brooklyn Amer. Bugger Ref. Co Clic Ccdess Chicago G. W. Ee Amer Tel and Teleens Northwest Isi American Tobacco Heese i Artes Selerereseter Colorado Baldwin Locomotive California General Electric China Copper Great Northern Inter Met Kansas City Renee Crucible Steel Lehigh Valley Louisville O Ashville Distillers Securities Genera Motors Goodrich Co Minn St. Louis New York Central Norfolk & Western Miami Eowre National Biscuit Erate Ee Pennsylvania St. LL Southern Railway Eet Texas & Pacific Republic Steel Third Avenue Union Pacific Sears-Roebuck Sloss Studebaker Corp Texas Oil Ce Marlyand Cincinnati Stock Exchange Detroit United First Consolidated Cincinnati R Edisons Columbia Gas D Electric American Rolling Mill Common American Laundry Machinery Common Barney & Smith Champion Coated Paper Common Dow Drug Common Fenton Fleischmann Kroger Grocery Baking Common Cincinnati Union Procter & Gamble Common Columbia Gas and Electric Ohio Cities Gas Common Ohio State Telephone Common Little Miami Cincinnati Street Railway Ohio Traction North Ohio Traction Toledo Traction Light and Power Common First Call American Rolling Mill Union Stockyards Dow Drug Company Kroger Eee Cities Jusce Ohio State Telephone Ohio Cities Gas Toledo Traction and Light Eeeee Cincinnati A. Eters Eopecess Germantown Ha & Linden Cin Ham Elec Newport & Dayton És Sbvices Toledo Northern Ohio Traction Yale Northern Pg Columbus Railway Detroit United Broadway Barney & & Smith Columbus Gas American Laundry Mach American Seed Mach Andrew Jergens Casey-Hedges Charles Boldt Glass Cincinnati Union Stockyards Dow Drug Fenton Clean Wradubinesin Brench Bros. & Bauer Ee Globe Soap Kroger G. & B. Com Owens Bottle Mach LNB Powell Philip Carey Procter & Gamble Com Bell Tel Long Cincinnati Gas and Electric Cincinnati Gas Transportation Eceseseberdees Columbia G. and Sedeessiecees Wee Columbus & Xenia Dayton & Mich Burp Vives Kentucky Securities Northern Ohio L. & T Ohio Priationad

Corcoran-Victor seeks new stock listing on Cincinnati Exchange

Channel Sawyer and Field with Richards & Co backed Corcoran-Victor Company Cincinnati officials for admittance of new stock issues to trade on the Cincinnati Stock Exchange. Governors granted permission and the stock may appear on today’s trading sheet. The common issue totals 1.5 million dollars with 7 percent cumulative stock at 750 thousand dollars and 550 thousand dollars of preferred already outstanding. The preferred dividend will be paid quarterly.

Channel Sawyer and Field, Richards & Co Corcoran-Victor Company of Cincinnati Cincinnati Stock Exchange

Cosden & Co to Boost Capital and Pay 60 Percent Cash Dividend

The Cosden & Co oil firm will raise its capital stock to 6 million dollars and declare a 60 percent cash dividend. Several Cincinnati notices list quarterly and special dividends from Muskogee Gas and Electric, Arkansas Valley Railway Light and Power, Standard Gas and Electric, and others with payment and record dates in May and June.

Cosden & Co Bylesby & Co Chicago Esterday Muskogee Gas and Electric Company Arkansas Valley Railway, Light and Power Company Standard Gas and Electric Company Cincinnati E. I Dupont de Nemour & Co Dupont Powder Company Oil Company Booth Fisheries Company Quaker Oats Company Tonopah-Belmont Development Company Ingersoll-Rand Company Michigan Sugar Company Chicago Telephone Company North Lake Mining Company

Tobacco market mixed sales with high grade gains

Sale of tobacco yesterday was light with small lots bringing higher prices. Lodmann House sold 8 hogsheads from 8 to 9.90 dollars and 22 from 10 to 13.75 dollars. Farmers and Shippers’ sold 7 at 10.25 to 6.75 dollars. Globe set a high at 17.75 dollars for a tobacco hogshead, with 14 percent selling at 9.70 to 17.75 dollars.

Lodmann House Globe Globe House

Bank Clearings Rise in Cincinnati and Chicago Reports

May 31 reports show Cincinnati clearings at 5,624,500 with May total 143,328,050, versus April 134,562,550 and May last year 106,070,350. Daily stock sales reached 393 shares. May totals 12,731 shares and 10,000 in bonds. Chicago clearings hit 74,236,321 with balances 8,876,291 and May total 1,691,788,000 up 9.81 percent from April and 28.33 percent from May last year.

Cincinnati New York Exchange Cincinnati Stock Exchange The Commercial Tribune Chicago

Clearing figures and balances for May 1916 in St Louis

Special Dispatch reports St Louis clearings today 20 075 141 and May totals 326 688 303 for 1915. Balances today 2 179 414 and May 1916 56 216 035 versus May 1915 35 740 389. Time loans 4 to 4 1 2 percent, commercial paper 3 to 34 percent. New York exchange bid 5 cent discount asked.

The Commercial Tribune ST. Louis New York Exchange Lic

Daily Over-The-Counter Bond and Stock Sales Report

Banks and brokers reported sales of bonds and stocks across the over the counter and open market. Entries include Cleveland Heights Ohio Imp 6s 106 and 101 percent on Cincinnati S F 8.65s 1937, with additional issues from Jackson Mississippi Dade County Florida Corpus Christi Port Arthur and Cincinnati.

Cleveland Heights Cincinnati S. F Jackson Miss Dade Co Fla Road Corpus Christi Tex W. W Port Arthur Polliaro OG DIO

Live Stock Market Report Cincinnati May 1916

Receipts and shipments for the past twenty four hours compare with two days prior. Cattle and hog markets show mixed demand with steady to higher prices for select dry fed cattle and hogs, while dairy cows and weaker grades soften. sheep and lambs steady to firm in overall market activity across major hubs including Indianapolis St Louis Chicago New York and Pittsburgh.

Cincinnati Indianapolis Ind ST. Louis Texas Oklahoma Chicago New York East Buffalo Cleveland

Market Moves Daily Trade Totals and Percentages

Chicago reports show Lindsay Light at 18 percent, Stewart Warner 91 percent, and Swift and Company at 137 percent in today’s market update.

Chicago

Ohio Incorporations Reported in Columbus May 31

Articles filed include The Coventry Savings Bank Company in Akron with $50 000 by H S Firestone and The Youngstown Lewis Jewelry Company in Youngstown with $25 000 by C C Lewis. Several others list new incorporations or increases and decreases in capital across Cleveland Cincinnati Canton Warren Toledo Akron and Columbus.

Commercial Tribune Columbus Coventry Savings Bank Company Akron H.S. Firestone Youngstown Lewis Jewelry Company Youngstown C. C. Lewis Purser Cartage Company Cleveland Norton T. Horr iThe Gilbert Shadeholder Company Cincinnati Ora B. Gilbert The Commercial Service Company Daniel J. Efferth Interstate Food Company Roland W. White Ehrmantraut Ohio Gas and Electric Company King Furniture Manufacturing Company Warren M. B. Garretson Company Canton Summit Wholesale Grocery Company Toledo Murdock Plumbing Company

New York coffee futures start steady then ease on light trade

The New York coffee market opened unchanged to higher by a point with July near 8.58c and December 8.82c as foreign orders and tight supply supported early strength. Later the market declined 2 to 6 points amid light selling. July 8.53c and December 8.79c. Spot prices held firm with Rio at 7s 9 3/4c and Santos at 4s 10 3/4c.

New York Rio Santos Rio Exchange London Gentos Onday Victoria Jundiahy

Sugar Market Steady As May Prices Hold In New York

New York traders note firm raw sugar market with centrifugal at 6.39 cents and molasses 5.62 cents. Cuba CIF bids around 5.5 cents with modest sales to refiners. Refined prices hold at 7.65 to 7.70 cents, with mild exporter interest and futures drifting after a slight intraday rise.

Butter and eggs steady in national market reports

Multiple city market notes report butter unchanged in Chicago and Kansas City, eggs irregular with various receiving figures and price ranges, and poultry mostly steady with live birds weak. Regional summaries from New York Philadelphia St Louis and Indianapolis detail creameries prices, cheese and butter trends, and delivery specifics.

Chicago Kansas City New York T. Louis Philadelphia The Commercial Tribune Indianapolis

Wool auction firm market with 8000 bales offered

At London on May 31 about 8000 bales were offered in the wool auction sales. The selection was improved and the market remained firm. Queensland scoured merinos sold at 38 7d, New Zealand greasy cross breds at 2s 7d, and Victorian greasy cross breds at 2s 2d.

Ondon Queensland New Zealand

London Stock Market Quiet Yet Upbeat on Loans and Bonds

London trading May 31 shows a generally quiet but firm mood. War loans and consols rise on funds from American security sales. Argentine and Japanese bonds strengthen as Cunard shares dip then recover. American securities see active sales led by Union Pacific, while treasuries await Friday three year exchequer bond issue.

London Union Pacific America Treasury

Market Summary From Duluth to Savannah Oil and Resin Prices

May reports show linseed cash at 1.89 and May and July at 1.90 in Duluth and Oil City balances at 2.60. Savannah notes turpentine firm at 28 4a38 14, with sales 270 bbls and stock 11 021 bbls, rosin sales 578 bbls and stock 53 581 bbls. Prices for glass and related chemicals range from 4.85 to 5.75 per unit across several grades.

Uluth Oil City Savannah Rosin

Trade Mark Bill Endorsed To Help Consumers

Mrs. Christina Frederick and Mrs. Julian Heath of New York urged the House Commerce Committee to approve the Stephens bill legalizing maintenance of retail prices for trade marked and patented goods in interstate commerce. They argued branding aids housewives by identifying quality and preventing substitutes. Heath, with the Housewives' League, cited national membership to weigh in on consumer protection.

Washington Christine Frederick Julian Heath New York House Commerce Committee Stephens Frederick

Metal Exchange reports mixed quotes on metals in New York and London

Lead at 7.30 dollars asked in New York. spelter weak with East St. Louis spot at 13.75. Copper firm around 284 for electroytic nearby with August futures. tin dull at 46 dollars spot and London futures for copper and tin listed. Iron steady.

New York Metal Exchange

Dry Goods Trade Note in New York Markets

Cotton goods were quiet with print cloths and convertibles dull. Yarns remained firm while jobbers completed two large export deals. Light-weight spring ties for men’s wear 1917 were ordered freely and dress goods showed demand from jobbers.

New York

Treasury Statement Shows Deficit Narrowing This Year

The May 31 Treasury report lists a general fund net balance of 133,557,321 and total receipts of 3,895,006 with payments at 1,493,543. The current fiscal year deficit stands at 46,549,676, down from 105,485,971 last year, excluding Panama Canal and public debt transactions.

Washington United States Treasury

Ohio City Gas and Cities Service Close Slips in Trade

Ohio stock quotes show Ohio Cities Gas down and Cities Service common and preferred shares mixed as markets close on May 31 with minor moves in listed prices and indices.

Columbus Ohio Cities Gas Cities Service Com

Knights Templar or Templars debate settled by leader

A reader dispute over the proper plural of Knights Templar drew in Colonel William B. Melish as he explained usage. He said modern usage favors Knights Templar, with forty-five of forty-seven US commands agreeing. Ohio and Massachusetts cling to Knights Templars. Canada uses Knights Templar, and the Great Priory is used in the British Isles.

Knights Templars William B. Melish Knights Templar of America Knights Templar United States Ohio Massachusetts Canada England Scotland Ireland Great Priory of the Order of the Temple

Also Mentioned on This Page

First National Bank New York Stock Exchange Hain Grain and Provisions NEW York Bonds W. E. Hutton & CO First National Bank Building New Cen. Pac Wigsum Public Serv. Co. Gs Detroit N.Y. City Denver Erie cv Erie iErie Ta& St L. Iron St l L. & Ss F Interboro St. L F. G Waren Ibs Etis Lake Shore St. L. & S. F. Adates Justment Chicago & E. I I. N P. Gen 'Minn Fok U. S. Steel Nor Nor. Pac Pac Chile N. Y. C. Deb N. i Cc UN. Ry. St N. Ee Mid Norfolk Col Wabash Y. Tel West Auce Penna. Fos Ing Energy Tobacco Market Stockholm Panama Local Securities Boston W. EB. Hutton & CO Butte and Superior Daly-West East Butte Greene Cananea Granby Consolidated Kerr Lake Lake Copper Nipissing North Butte North Lake Sweesesert North Dominion Oor Osceola Pond Creek Superior United Fruit Cis Sdheien Ae United Shoe Weehnnne Eeuaene Seteeeee Renter Ewwseaeet Eeerereerssartenee Zona Eeeet Ener W. B. Hutton & Co Alta Ajax Caledonia Davis-Dal Gulf & W. I Iron Blossomer Ee Eater Enee International Petroleum Rr Ge Motors Jerome Verde Ee iKewanos Kerr Lake Eeeer Mines America Midvale North Star Ohio Copper Pacific Gas and Flec Pan-American Riker Corporation Ray Hercules Stewart Mining i Sapulpa Sly Ty S West Pacific West End Yukon Atlas Gistcheuebe Dupont Hercules Big Jim CO Cane Teeeeorrtees Houston Enews Wayland Weeteeerete Federal Pittsburg Atlas National Bank Walnut Street Standard Oil Reee Daily Ty © & Hill Tracon Dival Anglo-American Oil Atlantic Refining Borne-Scrymser Dines Foo Buckeye Chesebrough Mfg Opnesae Colonial Ee Continental of Swear Ete Crescent Pipe Cumberland Eureka Galena-Signal New York Transit Northern Pipers Indiana Ebadentk Ss. O Kentucky Nebraska New Jersey Ss Oo Swan & Finch Sever Ett Aero Ee LOU Union Tank WOOL Columbia Township Weil, Roth & CO East Fourth Street Baldwin St. Louisa Baldwin Piano CO W.4th St HOUSE Metals Treasury Statement Knight
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