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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Jun 04, 1909
Page
9
Chicago June 3 Liberal wheat sales for July delivery pushed prices lower while distant months rose. Corn and provisions hit record highs with July corn at 78c and September 69 3/4c. Bulls push on as favorable crop weather and strong cash demand support grain futures.
New York notes firm flour with moderate demand and mixed wheat moves as bearish Western crop news fades. Minneapolis and Milwaukee show mixed prices with cash and future quotes, while Toledo and Kansas City report varied values across wheat, rye, and oats amid steady to firm tones.
The listing shows July grain prices including flour at 6.50 to 7.25, bran at 1.23 to 1.27, hay around 14 to 18, and dry salted meats with boxed variants from 11.50 to 12.50. It also notes shipments of oats 27,200 bushels and wheat 6,500 bushels, with corn 28,000 bushels and flour 6,200 bushels in transit.
Market report notes rising railroad orders and strong May metal trades boosting both pig iron and steel outputs since New York to Pittsburg. Prices hold with some offers rejected. June expected to lift operations further in foundries and major firms. Coke demand remains robust with higher shipments.
Cattle receipts were light with weak demand in Cincinnati and Pittsburgh markets on June 3 1909. Cattle and hogs showed limited attendance and prices drifted lower except for select heavy steers and good dairy cows. hogs and sheep mixed with firmness in some grades.
The report lists river stages at 7 am yesterday and forecasts for tomorrow. It notes arrivals and departures at various ports including The Queen City and City of Louisville, plus the excursion Princess at Coney Island. Other entries cover coal tonnage, tows, and river conditions with temperatures around 50 degrees.
Cattle prices held steady with steers near six dollars per cwt and cows and heifers around 2.76 to 5.40. Hog figures ranged from about 7.20 to 7.60 per cwt while sheep and lamb receipts fell, native muttons 4.25 to 6.35 and lambs 6.50 to 9.10. New York reports receipts and calves steady with veals 8.50 to 9.00 per 100 lbs and sheep and lambs around 4.00 to 6.00 for hogs and cattle markets.
A Paris based financial paper reports a syndicate formed here placed United States Steel common shares on the Paris bourse at 18.50 dollars each. The operation aims to sell the stock to Paris investors.
A notice of suspension for debt of John Dickinson stock and grain broker of New York and Chicago was posted on the board of trade. The firm John Dickinson & Co. failed weeks ago and Dickinson vanished. A private letter says Howard Higgins met Dickinson in Paris. Dickinson was staying in a costly hotel and appeared ill.
New York has shipped red wheat back to the West for consumption for the first time. Inquiries reach to Texas with two boat loads headed to Buffalo, four more loading, and some rail shipments. Scarcity of cash wheat in the West drives the unusual detour. No. 2 red sold at 1.47 with 1.50 asked at close.
In Louisville Kentucky on June 3 there was little activity in the local leaf tobacco market. Three warehouses posted light sales with only a small number of Burley hogsheads offered. Dark leaf types sold best with Burley prices from 14.24 to 15.60 dollars and dark tobacco ranging 4 to 8.50 dollars.
Two hundred or so members gathered in Louisville as Grand Counselor W. T. Shepherd of Richmond opened the annual United Commercial Travelers convention in the Seelbach roof garden. Welcome addresses followed with several reports presented and officers to be elected tomorrow.
Frederic J. Haskin assesses El Azhar University in Cairo, detailing its ancient prestige, curriculum limited to the Koran and Hadith, and a 1908 reform clash where students struck to defend religious purity. He notes Christian missions drawing Moslems to foreign schooling while reform efforts fail, and concludes Islam faces decline amid modernization.
At the United Brewers association session in Atlantic City on June 3, leaders urged strict liquor law enforcement and proper saloon regulation. Percy Andréae of Cincinnati criticized ignored brewer responsibility, while Ohio’s vigilante system was cited as a model for enforcing compliance and cleaning up resorts.
John L. Dudley asks for a temporary receiver as stockholder amid claims official actions diverted business. Ex Senator Thomas C. Platt defends his duties as president and denies infirmity while in Washington.
Sealed proposals will be received by the Clerk of Pleasant Ridge Ohio until noon Thursday July 1 1909 for bonds totaling 7534 08 issued May 1 1909 over 38 years at 4 percent interest paid semi annually. Bonds include one 534 08 and fourteen 500 bonds. Bids must state bid price and accrued interest with payment terms and taxes.
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