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Newspaper

Cincinnati Commercial Tribune

Location

Cincinnati, Ohio, United States of America

Date

Jun 05, 1907

Page

8

Wall Street Sentiment Improves Amid Brighter Prices

A Commercial Tribune dispatch from New York notes a firmer stock market tone with prices rising as selling subsided. Crop outlook and weather reports buoyed traders, while gold flows between Paris and London and banking views on note inflation stirred debate. Erie earnings growth and Union Pacific activity supported buying, and American Smelting rallied on dividend expectations. Bonds remained irregular with $1,090,000 par value traded.

Commercial Tribune New York Wall Street Erie Union Pacific Harriman United States

American stocks show weakness in London trading

Ticker notes American shares in London trading weak and near parity levels. American Car and Foundry increases its common dividend to one percent quarterly. May stock transfer tax shows an 86 percent drop. Copper purchases delayed by consumers while loan demand remains strong. Exchange strength and looser money suggest heightened gold activity. Amalgamated Copper preferred reports over nine percent earnings for the fiscal year.

Amalgamated Copper

Brokers’ outlooks flag cautious bets on autumn gains

Finance houses describe current levels as attractive for dividends, urging conservative purchases on reaction days. Trading shows more buying than selling amid wheat price drops and cotton market softness. Short interest covers aid late rally, and firms foresee a fair advance with June July disbursements rebounding tea markets.

Market Mix Guides Investors Through Fluctuating tides

Insiders warn against aggressive selling while urging caution to buyers as stocks show a rebound. Analysts from Hutton, Bultman, Jones & Co and Beazell describe a two sided market with calls to buy on dips and await moderate setbacks before purchases.

H. M. Beazell

Market quotes for mining shares in New York

The New York price listing shows Adams Con .10, Alice 2.2 percent, Breece .20, Brunswick Con .38, Comstock Tunnel .2, Con. California and Virginia .65, Horn Silver 1.4, Iron Silver 2.45, Leadville Con ., no Chief .06, Ontario 3.00, Ophir 1.65, Potosi Savage .42, Sierra Nevada .34, Small Hopes .35, Standard 2.25.

New York Adams Brunswick Comstock Tunnel California Virginia Leadville Ontario Sierra Nevada

Sugar Prices Steady in New Orleans Market

In New Orleans on June 4 sugar held steady with open kettle at 3 1/2 to 3 3/4 cents and centrifugal yellow at 3 1/2 to 4 1/4 cents. Molasses remained quiet with a new syrup price around 3 1/2 cents.

New Orleans

Grain futures quotes for Clover seed and Timothy listed

Toledo markets show Clover seed cash at 9.25 and October 8.27 percent December 8.20 and March 8.20. Alsike priced at 8. Timothy at 2.35.

Toledo Alsike Timothy

Cotton Area Near Steady Amid Poor May Condition

Reports from the Crop Reporting Board indicate U S cotton acreage for 1907 near last year at about 32,060,000 planted or to be planted, vs 32,049,000 in 1906. May 25 crop condition averaged 70.5 percent, below 2006 and 1905 levels but near ten year average.

Paris London National City Bank Commercial Tribune Washington Crop Reporting Board United States States Virginia N. Carolina S. Carolina Georgia Ee Florida Tennessee Missouri Oklahoma

Investors Buy Traction Stocks Amid Small Gains

Investors concentrated on Toledo Railways and other traction shares, with Toledo Rys. & Light trading 10 to 100 share lots and holding at 27. C N C preferred and Detroit United Railways plus Cincinnati Street also contributed to the day’s volume while bonds remained quiet.

Toledo Railways Detroit United Railways Cincinnati Street Columbus Cincinnati Gas Col. Gas and Fuel Pr Toledo Rys. & Light Cin Gas and Electric Street Ry Nee Morning Call Toledo Rys. and Light Cincinnati Realty Pr Fremont (O Mahoning County Nelsonville Onan Paulding County Kenton County Paris Detroit United Rys House New York Exchange New York

Gates Reports Crop Damage Overstated despite Rain Hit

John W. Gates returned from the Southwest saying crop damage reports are exaggerated. Wheat damage is likely 2 to 6 percent, while cotton suffered from unusually heavy rains.

Gates Commercial Tribune New York John W. Gates

Cotton market notes from 75 to 70.5 percent condition

Market commentary reports cotton conditions at 75 percent down from a prior low and 70.5 percent the lowest on record. Analysts from Foster, Hutton & Co, A O Brown & Co, and W R Todd & Co vary on buy or hold strategy, predicting further declines may be temporary as the season advances.

Foster & Co W. BE. Hutton & Co A. O. Brown. & Co W. R. Todd & Co

Cotton market shocks traders on first crop report

The New York cotton market swung wildly after the government crop report with a sharp early drop, a late rally, and a close steady net down 14 to 22 points. Spot turnover was active with 800000 bales traded. Prices in New Orleans and Liverpool mirrored the day’s volatility.

New York New Orleans Liverpool

Metals Markets Steady to Lax Across Regions

Lead held at 5.85 locally with Spelter firm at 6.40 while London tin fell to 185 15s spot and futures near 182 10s. Copper and iron traded mixed in London and New York, with spot copper around 96 15s and 24 to 25 dollars for lake metal locally, and iron prices easing in England.

ST. Louis New York London Lake Standard Cleveland North

Treasury report shows available cash balance at 161.9 million

Washington June 4 Treasury report lists the general fund excluding the 150 million sold reserve with available cash balance of 161 nine million and remaining figures including gold certificates.

Washington The Treasury General Fund

Railroad Bonds and Securities Listing Excerpt

Excerpt shows Big Four bonds and Do notes with prices around 99 to 106, along with C.H. and D 4s, Dayton and Un. issues, and various traction and industrial securities. Mentions ex-dividend note for St. Ry. bonds amid broad market listings.

Globe Bar, & Smith By & Npt Ham Tool” Bridge Brownell Hiney F Hous Casey-H.pr Kroger Lil Cin Nat A. F Ph. Carey Pr Mili Ferg Col Rob’n Realty Atlas Cincinnati Consor J. J Blias Saber Eagle Ios Io Southern Ry M. N Southern Ry Eenseeeenenee Water Works És A Steer Reese Hamilton County Elizabeth Bridge Benson Street Bridge Big Miami Bridge Covington Wwe Savy Ees Atteet Steed Ewer Er Ene Water Works Newport Industrl Big Four Dog St. Ry

Foreign Bourses Report Mixed Gains and Declines

The London market showed firm money demand and strong discounts amid post liquidation pressure with British securities slipping to new lows. Tokyo and American issues fluctuated as New York quotes steadied markets and lifted prices late. consols dipped then closed firmer. London and Paris indicated cautious optimism against a backdrop of strike news and currency shifts.

London S Stock Exchange Rio Tintos Canadian Pacific Grand Trunk New York Anaconda Atchison Baltimore & Ohio Chesapeake & Ohio Chicago Ontario & Western Pennsylvania Rand Mines Reading Southern Railway Southern Pacific Union Pacific United States Steel Wabash Berlin Paris

Money and Bond Rates Across Cities on June Fourth

New York reports money on call steady at 2 percent with time loans higher at 3 to 5 percent. Prime mercantile paper 5 9 sticky. Sterling exchange fir with banker bills at 486.80 to 486.85 for demand. Boston shows call loans 3 to 5 percent and various railroad and misc. bonds and stocks trading, including Atchison 4s near 92.

New York Prime Mercantile Paper Sterling Exchange Firm Boston Atchison Adj Atchison Mexican Central Boston & Albany Massachusetts Gas United Fruit United Shoe Machine United States Steel

Butter and Eggs Prices Across Cities Report

Butter steady with moderate demand in Chicago Philadelphia and New York markets. Eggs steady at or near the mark with various case readings and regional differences noted. Cheese on the decline or steady by region while poultry prices show live values and dressed contrasts in several markets.

Chicago Philadelphia New York Pennsylvania Kentucky Tennessee Kansas City

Wool market steady amid limited demand for domestic wools

Wool market reports steady prices in St. Louis and Boston with trade confined to foreign wools and scarce reliable domestic stock. Quotations list Ohio and Pennsylvania fine to medium grades, delaine and merino types, and mixed blood fleeces with prices ranging roughly from 20 to 88 cents per pound for various categories.

ST. Louis Boston Ohio Pennsylvania Delaine Michigan Kentucky Indiana Missouri Texas

Oil and turpentine market notes from Wilmington Savannah and Oil City

Wilmington reports spirits turpentine and rosin steady with modest receipts. crude turpentine fixed at 3.50 to 5.25 with 522 barrels. Oil City shows balances, runs and shipments totaling 177 398 barrels. Savannah prices and ranges listed with little activity and turpentine and rosin again reported as nothing doing.

Wilmington Oil City Savannah June N& Tas

Cotton goods market shows firmness after government report

The New York dry goods market reacts to government cotton statistics with added firmness. Cotton yarns rise to sprinters' levels as converters complain of higher gray goods costs. Printed goods and wide sheetings advance, while staple lines trend up and men’s spring wear opens near last season prices.

New York

Coffee futures open steady with gradual gains on strong demand

New York June 4 The coffee market opened steady with a small decline on one month and a firmer tone later as cables and buyers supported prices. Trading showed 33 000 bags sold with June at 5 55c and other months quoted between 5 40c and 5 50c. Spot quiet Rio No 7 Santos No 7 Cordova Sal2c.

New York Rio No Santos Cordova

Boston Mining Markets Move as Stocks Show Mixed Values

Boston market roundup reports varied gains and losses across multiple mining stocks. Notable changes include Amalgamated down to 34, Calumet and Hecla at 798, and United Copper up to 57 while several others slip, with Arizona and Nevada listings among the listed copper and oil concerns.

Boston Adventure Allouez Amalgamated Atlantic Bingham Calumet Hecla Centennial Daly-West Franklin Granby Isle Royale Massachusetts Mining Michigan Mohawk Montana Coal and Coke Old Dominion Osceola Parrot Quincy Shannon Tamarack United Copper United States Mining United States Oil Utah Victoria Winona Wolverine North Butte Butte Coalition Nevada Arizona Arizona Commercial

Strong Prices Prevail in Cincinnati Live Stock Market

Cincinnati June 4 1907 cattle receipts small and prices strong Dry fed stock met demand with top steer at 6.30 per cwt Hogs firmer due to light run with best lots at 6.27% calves and lambs also active with firm to higher quotes across regions including St Louis Chicago Omaha and Kansas City markets

Cincinnat Ciseesan Vdnece Ieee ST. Louis Texas Chicago New York Omaha Kansas City East Buffalo Best Commercial Tribune Pittsburg

Wheat and Flour Markets Mixed as West Weather Impacts Trade

New York reports show flour receipts 2350 bbls with exports 3316 bbls and a dull market. Wheat futures slipped after early lows, then recovered. spot prices for No. 2 red around 1.01 to 1.03 on fob afloat. Minneapolis and Duluth offer mixed grain notes with No. 1 Northern wheat near 1.00, first patents at 5.05 to 5.15 for flour. Corn and oats stay firm in spot trade, with nearby futures firmer on weather news.

New York Minnesota Duluth Ohio Northwestern Kansas F. O. Db Commercial Tribune Baltimorde Cmnc Kansas City Milwaukee Minneapolis ST. Louis East Track

New Ohio Firms Formed in Columbus Incorporations

The Nunvar Optical Company of Cleveland with $5000 capital lists Adolph G. Nunvar Norton T. Horr Mary F. Nunvar Viola L Hatcher and E Umbslaltter as organizers. The Audrey Club of Cincinnati is formed by Ey F. Weidner B F Higdon A W Pigne guy A W Underwood and Walter lL Woycke. Guggenheim Company in Cleveland with $50000 capital includes Sol D Guggenheim Samuel L Guggenheim Lena Guggenheim Henry Morris and E S Geismer. The Bank of Elmore in Elmore C with $25000 capital lists John H Magee J B Netcher Jacob Yearling R A Willett and others.

Commercial Tribune Columbus Nunvar Optical Company Cleveland Adolph G. Nunvar Norton T. Horr Mary F. Nunvar Viola L Hatcher E. Umbslaltter Audrey Club of Cincinnati Ey ¥ F. Weidner B. F. Higdon A. W. Pigneguy A. W. Underwood Walter Ll. Woycke Guggenheim Company

Light Week Opening Tobacco Market With Quiet Trading

The initial tobacco market of the week opened with light offerings and subdued trading. Three sales totaled 46 hogsheads across Farmers and Shippers and Bodmann and Globe consignments, with prices ranging from $4.45 to $16.25 for various old and new lots.

Bodmann Globe

City Hall Notes on Water Works Costs and Street Repairs

City officials discuss cost statements for pumping by the Water Works to serving districts now covered by the old plant. J P Brackett won the Eighth Street Bridge superstructure bid at 35270. Water, street, and health measures include a dumping station site purchase, Beekman street track layout, and Beekman street improvements nearing completion. The Board of Health bans push cart merchants from unprotected foods. Water Works condemnation damages of 1000 plus 254.90 costs awarded for Rochelle street project. Public Service to resolve emergency bonds. June 8 House of Refuge inspection and cadet review. Property owners along Colerain ave demand water repairs and note multiple residents without water.

Board of Water Works Commissioners Benzenberg Culkins Board of Public Service J. P. Brackett Eighth Street Lowman Commerce Street Keefe Traction Company Beekman Street Harrison Avenue Queen City d Avenue Danenhower Board of Health Elizabeth Dorschug Rochelle Street Highland Avenue Bellevue Avenue Gilbert Avenue House of Refuge Dempsey Hoffman, Bode le Blond Colerain Avenue Water Works Department Peter Heckman Fred Severinghaus Charles Taborskyy August A. Williams George Roche, Jr Henry Backstegel John Tunhorst Caroline Volk Catherine Hansmann John Severinghaus George A. Burscher John Stirnkorb

Also Mentioned on This Page

Weather Bureau George Eustis Isis’ Co Mercantile Library Atlantic Coast Line Ewee Cess New York Central Norfolk & Western Northern Pacific Ontario & Western Me Rock Island Southern R. R St. Paul Texas Pacific Wabash Union Pacific Aeence Amalteense Am Car Copper M Reeh Eeesenees Foundry Col. F Distillers Securities Sea Hare Ree Ticker American Car and Foundry Roberts, Hall & Cries Page & Hall A. C. Brown & Co W. E. Hutton & Co Charles E. Bultman J. E. Jones & Co Chamber of Commerce August Ferger A. C. Gale Edward F. Dennis National Hay Association Niagara, Falls E. E. Williamson Clifford M. Budd West Kentucky Coal Company Ley Levi C. Goodale Cincinnati Southern Queen & Crescent Coney Island Jackson Smith Goodale E. W. Leeds F. F. Tully New Richmond Roth Second National Bank Cincinnati Trust and Savings Bank Union Savings Bank and Trust Company Queen City Savings Bank Charles F. Williams Shay & Cogan Traction Lewis Gatch Ellis Brothers Contracting Company Harrison Supreme Court of Ohio B. B. Tuttle L. J. Dolle Business Men's Club F. A. Cloud Mt. Vernon H. C. Boyd W. T. Thomas W. 8. Brown Hamilton, O J. Jantz Charleston 8. C Charles L. Pheffer Ft. Thomas Charles G. Cunningham Detroit Mich Robert N. Shotts Hamilton J. H. Homer Wyoming Charles NEW York Mining Peoria First National Bank Lack Apes & L N. Unl S. P Coi Indus Inc Sane D. H T. C Enna Cs Sotelc O Ee Sone Steel S. F A. T Mer Marine Gotton Special Dispatch Stock Exchange Ask Ask. Cin. Int. Ry Col’ & Xenia DUDE Sccsi Little Mi’mi AL Bonds Bar Cin. Edison Columbia Gas Fay& Eganés Bridge U.kh, & Pi I. Traction Col. Crosst Ham.& Lind Mt. Au Cov. & C Nor South B.G Panama Cotton Letters C. J. Buddeke & Co A. Dae Eeeeeneee JOY Sces Weee Wnnenee Metals Treasury Statement Cy le &N Dayton Miami E Oak L.pr Bullock Niles-B.-P Niles T.w.pr Shillite Co Bright'n Cineer - Cit Soemeegelt Oo First NL Colum, Bank & Sav Norw . First Not.Sav Union Oberts, Hall & Criss New Fon ‘K Stock Exchange British Columbia Obescosbunces Os Dominion Copper Eee Greene Consolidated Copper Havana Tobacco Com Sss Cous Aecs Old Hundred Eben Sueel Seuss Tire Ap. P SnteSchiveds North Butte Steere Trinity Reer WOOL Boston Mining Satilas National Bank Walnut Street Iran Louis B. Bloom Tredicat Securities Miller * Co Grain and Provisions J. E. Jones Carlisle Building S. W. Cor 4Th and Walnut John W. Ballmann Vine St Carew Baldwin D. H. Baldwin , CO W. Fourth St S., Kuhn & Sons, Bankers East Third Street Steinw Lethway Pi Columbus Gas and Fuel Company G. C, Scott Sec'y Hhe Colonial Investment Company Edward A. Drake M. B. Scharfeld A. E. Bernsteen KK. Jahnke William H. Miller the Tavern Company J. R. Zumich Fred W. Green Walter A. Bennett Paul S. Schmidt J. L. Bridgman Browning Engineering Company B. I. Miles Edward H. Browning City Hall Notes
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