Market Drenched By Outpouring Of Sales On Rush Of News
New York June 3 The stock market opened with heavy selling amid overnight developments then steadied midday and retraced losses. News of a possible new government suit against Standard Oil and antitrust actions against the New Haven fueled unease among speculators. Union Pacific rose to lead gains as a $40 million bond issue details circulated. Dividends for American Smelting and American Car and Foundry were held firm despite earlier doubts. Bonds were irregular with total sales at $3,809,000.
MENTIONED IN THIS ARTICLE
New York
Washington
Standard Oil Company
New Haven
Pittsburg
Western Bar Iron Associations
Amalgamated Association of Steel Workers
Union Pacific
London
Pennsylvania Railroad
American Car and Foundry
United States
TICKER TALK Americans in London all weak
Newswire brief notes on market and industrial conditions. Steel prices fall four dollars a ton with possible follow ups in minor products. Erie Railway earnings unlikely to cover fixed charges this year. Union Pacific may delay a planned fifty million dollar bond issue. Northwest crop outlook praised by some as possibly the best in thirty years. Indicators suggest a very large hay crop.
MENTIONED IN THIS ARTICLE
Union Pacific
Northwest
Brokers Describe Volatile Market With Mixed Signals
Market opened heavy on London quotes and fell at close after sharp midday strength. Reports say Union Pacific sold 40 million dollars in bonds amid a regular dividend on Smelters, while C and O gained on a Pennsylvanian contract rumor. Firms urge caution amid ongoing manipulation and uncertain public attitudes toward prices.
MENTIONED IN THIS ARTICLE
London
Union Pacific
H. M. Beazell
Market Update From Boston and Peoria Financial Briefs
Boston reports show varied mining stock figures with numerous companies listed and percentages, including United Copper United States Mining and Calumet and Hecla among others. Peoria notes Whisky trading at 1.35 dollars a gallon.
MENTIONED IN THIS ARTICLE
Boston
Adventure
Allouez
Amalgamated
Atlantic
Bingham
Calumet
Hecla
Centennial
Copper Range
Daly-West
Franklin
Granby
Isle Royale
Massachusetts Mining
Michigan
Mohawk
Montana Coal and Coke
Old Dominion
Osceola
Parrot
Quincy
Shannon
Tamarack
Trinity
United Copper
United States
Mining
United States Oil
Utah
Victoria
Winona
Wolverine
North Butte
Butte Coalition
Nevada
Arizona
Commercial
Greece
Cananea
New York Bond Sales Summary of U S and Foreign Issues
The report by W. E. Hutton & Co lists U S and international bonds including Erie cv 4s, Missouri Pacific 4s, Southern Pacific ref 4s, Mexican issues, Japanese 4s, and Union Pacific 4s. Totals show large transaction volumes with thousands of dollars in multiple issues and overall substantial bond sales.
MENTIONED IN THIS ARTICLE
Mt K
Erie cv
Sores DG O
T. Mos
Duces
Terre Gen
Missouri Pac
St. L
Tynes Pac
Mexico
Southern Pac
G. EB. ‘ Se Ee
Southern R. R
Hocking V
Air B
Cen. Ga
B. R
Union Pacific
Cen. L
Financial and Personal Notes in City Business Roundup
Visitors at the Business Men's Club included Joseph Davis of Los Angeles H B Libton of Pittsburg and Henry R Brown of New York City. The Ohio Wine and Spirits Association meets today at Hotel Linton to elect officers and conduct business. Cincinnati New Orleans and Texas Pacific declares a 2 percent dividend payable to stockholders of record June 13. Will L Finch to Toronto to push Foundrymen's convention to Cincinnati. Toledo Bowling Green Southern and Toledo Urbana Interurban committees report on finances and condition and reject stockholders’ proposition.
MENTIONED IN THIS ARTICLE
Business Men's Club
Joseph Davis
Los Angeles
H. B. Libton
Pittsburg
Henry R. Brown
New York City
Ohio Wine and Spirits Association
Hotel Linton
The
Cincinnati, New Orleans & Texas Pacific Railway Company
Cincinnati Convention League
Will L. Finch
Toronto
Foundrymen’s Association
Finch
Cincinnati
Toledo, Bowling Green & Southern
Toledo, Urbana & Interurban
Toledo
Cincinnati C
A. Telford
Columbus Gas and Fuel Company
G. C. Scott
Toledo Business Men's Club Formed With 300 Members
John L. Shuff Harry L. Gordon and W C Culkins travel to Toledo to attend the organization's opening. Shuff previously spoke on the Cincinnati Business Men's Club and its city benefits and is made an honorary member.
MENTIONED IN THIS ARTICLE
John L. Shuff
Harry L. Gordon
W. C. Culkins
Toledo
Phellemar Rolling Mill Elects Officers in Youngstown
Stockholders in Youngstown Ohio met Monday and elected officers and directors for the Phellemar Rolling Mill Company. Nelson B. Cramer is president J P McCaslin is vice president Chrng L Stern is secretary and treasurer. The plant, formerly Brackett Bridge Co site, was leased for five years with purchase option. Machinery will be installed immediately and aims to start by July 1.
MENTIONED IN THIS ARTICLE
Phellemar Rolling Mill Company
Youngstown
Nelson B. Cramer
J. P. McCaslin
Treasuer
Chrng
L. Stern
Brackett Bridge Company
C., H. & D. Railroad
Skillman’ Road
Woodlawn
Glendale
Paris and London Stock Markets Open Firm on Derby Day
Paris prices opened firm then eased toward close with three per cent routes at 95f 35c and London exchanges showing profit taking before holidays. In New York and Berlin markets, activity was influenced by Derby Day attendance, with firmer gilt edged securities and mixed American securities. several major names quoted including Consols, Anaconda, Chesapeake, Illinois Central, Union Pacific, United States Steel and Rand Mines.
MENTIONED IN THIS ARTICLE
Paris
Cone Exchange
London
The
Stock Exchange
Wall Street
New York
Anaconda
Atchison
Baltimore & Ohio
Chesapeake & Ohio
Chicago , Western
Chicago
Milwaukee & St. Paul
de Beers Ue
Denver & Rio Grande
Erie
Grande Trunk
Illinois Central
Louisville & Nashville
Missouri, Kansas & Texas
New York Central
Norfolk &Western
Ontario & Western
Pennsylvania
Rand Mines
Reading
Southern Railway
Southern Pacific
Union Pacific
United States Steel
Wabash
Amalgamated Copper
Ber
Berlin
Money rates drift steady in New York and Boston markets
New York and Boston money markets show steady to easy conditions with yields and rates on mercantile paper bills and government and railroad bonds. Sterling exchange firm with bankers bills near 487 to 485.50 for demand and sixty day bills.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile Paper
Sterling Exchange
Boston
Time Soans
Atchison Adj
Atchison
Mexican Central
Boston & Albany
Boston & Maine
Boston Elevated
Fitchburg
Mexican Central Ae. Ry
Union Pacific
Edison Electric’ Illuminating
General Electric
Massachusetts Electric
Massachusetts Gas
United Fruit
United Shoe Machine
United States Steel
Louisville Tobacco Offers Mixed Burley Dark Sales
Special Dispatch reports Louisville listings of 212 hogsheads of tobacco with 106 Burley and 106 dark. Prices range from 5.85 to 18.00 per hundredweight, including United Dark at 6.10 to 12. Central Burley from 9.90 to 16.25, Ninth Street Dark 5.85 to 10.85, and Burley at 11.75 to 18.00.
MENTIONED IN THIS ARTICLE
Commercial Tribune
Louisville
Tobbacco
Burley
United
Central
Ninth Street
Metals Report From New York and London Markets
TheLondon tin market fell with spot at £130 10s and futures £129 178. Copper dipped to £57 17s 6d spot and £58 7s 6d futures as markets remained dull. Locally copper prices ranged from 12.65 to 12.87 dollars, with electrolytic at 12.50 to 12.75. Lead slipped to £12 15s in London, dull locally. Spelter eased to £19 12s 6d in London but held 4.50 to 4.55 dollars locally. Iron declined with Cleveland warrants at 59s 744d in London. locally No 1 foundry and other grades quoted around 16.5 to 17.5 dollars. wr: Louis report notes Lead at 4.22% and Spelter figures.
MENTIONED IN THIS ARTICLE
George Eustis
Mercantile ‘Library Ng
Atlantic Coast Line
BR. T
Canadian Pacific
Chicago
Chicago & Alton
Colorado Southern
Delaware & Hudson
Detroit United
Great Northern
Illinois Central
Manhattan
Innercat
Missouri Pacific
New York Central
Norfolk & Western
Northern Pacific
Ontario & Western
Pennsylvania
Rock Island
Southern Pacific
Southern R. R
St. L
St. Paul
Car & Fdy
A- Tenn. c
United States Steel
Sakbheesecs
New York
London
Lake
Cleveland
Northern
Southern
Southern Soft
Louis
Spelter
Oil Turpentine And Rosin Market Notes Across Cities
Wilmington reports firm rosin at 2.40 with 267 barrels received and tar at 1.58 with 53 barrels. Crude turpentine prices range 2.00 to 3.75 with 107 barrels. Toledo shows oil at 1.04 for North Lima and 0.99 for Lima and Indiana. Charleston quiet on turpentine and rosin with varied grade prices. Savannah observes holiday, no market activity. Oil City notes credit balances at 1.78 and June 1 runs at 182,627 barrels with shipments of 224,197.
MENTIONED IN THIS ARTICLE
Wilmington
Toledo
Lima
Indiana
Charleston
Savannah
Oil City
Bar Iron Price Cut By $3 A Ton In Cleveland
June 3 report from Cleveland notes bar iron prices drop $3 per ton after a $4 cut announced yesterday. Dealers expect the reduction will boost consumption and improve overall trade conditions.
MENTIONED IN THIS ARTICLE
Cleveland
Pig iron market shifts as one firm withdraws from third quarter
Birmingham dispatch reports a ten day shift in the Southern pig iron market with quotations rising. One company has withdrawn from delivering for the third quarter and a smaller producer is quoting 12.60 dollars a ton for No 2 foundry iron.
MENTIONED IN THIS ARTICLE
Birmingham
Ala
Dry goods market closes strong in cotton goods dept
The New York dry goods market stays firm with large purchases of prints and ginghams. Cotton yarns gain demand slowly while knit goods and hosiery move slowly. Silk piece goods remain quiet. Ribbons bought from stock. Woolen and worsted lines improve slowly, mainly in men’s wear for fall. Dress goods show little life.
MENTIONED IN THIS ARTICLE
New York
Municipal Market Quiet as Bonds Lead Trading Tour
Cincinnati and Chicago bank clearings showed modest activity while municipal bonds drew attention. Reports note Water Works 4s Street and Sewer 4s, Indianapolis Street Railway 4s, Toledo 4s and Greenville 5s maintaining fair values as the money market steadied with call loans 4% to 6% and time loans firm at 5 percent.
MENTIONED IN THIS ARTICLE
Indianapolis Street Railway
Toledo
Greenville
N. C
Union Light
Cincinnati
New Orleans
Texas Pacific
Newport
Covington Light and Traction
Comemont
Preferred
New York Exchange
T. Pf
Gagarid Electric
P. Ca
Hunt St
Indianapolis St. Ry
Union L., H.and P
Traction Bonds and Unlisted Bank Stocks in City Market
Financial notes list various bond and stock values including Cincinnati and Hamilton traction bonds, Col. Ry, Big Four, and electric lines. Also listed are unlisted bank stocks such as City Hall and Cosmopolitan, along with industrials like Amer Book and Shillito Co. Prices show ex-dividend and pref shares with percent ranges and recent bids.
MENTIONED IN THIS ARTICLE
Trust
N’l
Colum. Banks & Sav. Co
Ae Norw
Ey Nor
Amer
Traction
Oak L. Pr
Bullock
Fay & Eg.com
Niles B.P
Ind. S& Ry
Cottons mixed in quiet New York market with steady close
The New York cotton market stayed quiet with 175000 bales traded and prices steady to slightly higher. Weekend reports noted rains in western belts, high Mississippi waters, and a holiday loss in Britain while New Orleans and Liverpool markets showed varied spot and futures activity.
Steel price cuts spark talk of broader industry effects
The Iron Age reports a concerted price reduction in steel bars and small shapes, sparking expectations of lower prices across finished steel products. Large steel interests remain in conference, with season contracts and a $2 per ton differential among major jobbers under discussion. May output reached 1,164,000 tons while furnace activity and capacity show signs of decline.
MENTIONED IN THIS ARTICLE
New York
Dairy and egg market rounds across Kansas City and Chicago
The report shows eggs steady with fresh extras and current receipts around 25 000 pkgs, butter steady with high receipts, cheese dull and unchanged, and poultry mixed with alive birds steady and turkeys and fowls priced. Chicago notes butter steady, creamery prices 19 2 1 2 cents, eggs steady firsts 14 cents, cheese easy with daisies 11 1 2 cents.
MENTIONED IN THIS ARTICLE
Kansas City
Current Receipts Inc
New York
Turkeys LLC
Chicago
Young Americas
Coffee futures steady as market opens in New York
New York coffee futures opened steady to up five points on French cable steadiness. Quiet trading around opening levels with scattered demand. Reports show 13,750 bags sold including June at 6.10, July 6.05, December 6.00, March 6.05, May 6.10 cents. Spot quiet Rio No. 7 6 percent, Santos No. 4 8 percent, Cordova 9% to 12 cents.
MENTIONED IN THIS ARTICLE
New York
Rio
Santos No
Cordova
Ohio Incorporations filed in Columbus June 3 Articles of association listed
The secretary of state recorded new corporate filings across Ohio including The Perfection Basket Company in Perrysburg with 15000 capital and The Furniture Sales Company in Cleveland with 10000 capital. Others include Belmont Baseball Company Macksburg Tool Company Ohio Base Tie Company Cleveland Coal and Land Company The Selby Estate Company Lincoln Ice and Storage Company Grace Congregational Church and a name change for The Cleveland Electric Railway to The Cleveland Railway Company.
MENTIONED IN THIS ARTICLE
Commercial Tribune
Columbus
Perfection Basket Company
Perrysburg
Furniture Sales Company
Gleveland
E. B. Brown
E. J. Brown
E. A. Scherer
E. B. Southwick
H. M. Booth
Belmont Baseball Company
Belmont
Macksburg Tool Company
Macksburg
Ohio
Selby Estate Company
Coshocton
Lincoln Ice and Storage Company
Cleveland
Grace Congregational Church
Andrew M. Kramer
Harry E. Grill
F. E. Prasse
Sherley
Market Prices From New York Ledger June 3
New York June 3 listing shows prices for Alice, Breece, Brunswick Con, Comstock Tunnel Stock and Bonds, Con Cal and Va, Horn Silver, Leadville Con, Little Chief, Mexican, Ophir, Small Hopes, Standard and Yellow Jacket. Values range from fractions to several dollars with several securities noting small fractional gains or losses. The report reflects Commodities and securities trading at mid day with varied names and figures.
MENTIONED IN THIS ARTICLE
New York
Brunswick
Con. Cal
Leadville
Little Chief
New Orleans Cotton Seed Oil Prices Stable
New Orleans Market reports Prime four-ounce cotton seed oil priced steady at market levels with buyers cautious and merchants noting modest activity in early trading.
MENTIONED IN THIS ARTICLE
New Orleans
Markets in Cincinnati Quiet and Steady in 1908 Trading
In Cincinnati on June 3 1908 grain markets show wheat and corn steady with light receipts Oats firm but not quoted. Flour dull and lower rye steady about 85 cents No 2 rye on track whisky firm. Reports list detailed grain, hay and livestock receipts and prices across multiple items and shipment figures.
Fruits and Vegetables Prices Snapshot
List of produce prices with per bushel per crate and per dozen figures. Apples per barrel 2.50 to 2.75. asparagus 1 per dozen. bananas 1.75 to 2 per bunch. beets 30 to 35 cents per dozen. carrots 15 to 20 cents per dozen. cantaloupes 2.75 to 3.25 per crate. cabbage 1 to 1.25 per barrel. cucumbers 40 cents per dozen. lemons 3 to 3.50 per box. oranges from Florida per box. onions 1 to 1.25 per bush. potatoes 2.50 to 2.60 per barrel. new potatoes 3 to 3.25 per barrel. strawberries 2 to 2.75 per crate. string beans 1 to 1.35 per ham per. squash 1.25 per crate. tomatoes 1.50 to 1.60 per crate.
MENTIONED IN THIS ARTICLE
Messina
Palermo
Florida
Treasury balances report shows steady general fund totals
The Treasury balance statement for June 8 lists available funds at 239 million 152 thousand 338 dollars in the general fund excluding the Bahlee reserve, plus gold coin and bullion holdings and certificates totaling 341 thousand 550 dollars.
MENTIONED IN THIS ARTICLE
Washington
Treasury
General Fund
Bahlee Reserve
Also Mentioned on This Page
Ticker
Car Foundry
Page & Hill
W. R. Todd & Co
W. E. Hutton & Co
Roberts
Hall & Co
Rid
American T
Borden's
British Columbia Copper Penne
Chicago Subway
Anne
Otis Elevator
A. P. Com - Sagene
Davis-Daly
Ely
Boston Mining
Peoria
First National Bank
Pinancial
Louisville Tobacco
Metals
Kentucky Tractions
Woosco
Cincinnati Clearing House
Glasgow
Reich- Wapi
Ecctank Dedsnae Avagg
Ecksayens Vaca
Ist Tyc
Cin
Col. & Xenia
Little Miami
Ask
Ask. C
T.P
Ee C
C.N. RC
Ha & C
Ohio Traction
T. Rys. L
Seloto Valley
Bar. & Smith
Cin. Edison
Ham. Gas
Columbia Gas
Fay &Egan
Col
Pa. Bridge
U.S.H.& Peds
Sengeeteos
Panama
Am. R. Mill
Globe Seap Si
D. Geegene
Globe-Wer. - Bar. & Smith
BN Mo
Eeeweees Oe
Ay F
Hous. Stan
Brownell
Casey-H
Kroger Weneeee
C. Ett
Nat
A. F
Ph. Carey
Ph&fm Roots
Gam
Col. Gas & F. Oz - Do
Steritoe-Sh
Cuyahoga
E& Oneness Ham
G &E
Powell Pr
Foulds M
Fleisch’n
Atlas Nat Ee
J. J
M. N
F. A
Waseee Tees
Ry. Ter
Seeree We Water Works
J. D
Longview
Big Miami Bridge
Covington
A. A
Big Four
Cin LO C.,h.& D
G. m. Is
G.R
F.W
N. O
Nor.o.l. & T
C.B
Southern Ohio
Miami & Ger
Cables
Mississippi
Gulf
Liverpool
Y C. J. Buddeke & Co
Union Trust
Iron and Steel Trade
NEW York Mining
German National Bank
Covington,Ky
Jas. C. Ernst
George E. Engel
Cashier
Hamilton
H. P. Colville
Asst
Bond Department
Hausas National Bank
Walnut Street
Postoffice
Minneapolis
Fruits and Vegetables
Santos
Java
Molass N. O
Akron Crescent
Longhorn
Bbs
Dayton
Vermillion
Weil, Roth & Go
East Fourth Street
Savings Bank
Main St
yJune
Phoenix Grain
Stoge Exchange
Cincinnati, O
Baldwin
St. Louis
the Baldwin Company
Idjjassie
Paluseun
California
Ares
N. Y
B’stamas
Ss. P
Timothy
Oedes
Pontes
Japan
Southwest
Louisiana
Texas
Talmage
Carolina
Treasury Statement
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