Market Narrow and Inactive Despite Limited Bargains
Trading slowed with scarce investment buying and lingering volatility tied to New York activity. Gas and Street show weakness while Dayton, Springfield & Urbana and Columbus groups hold firmer, and Toledo Railways and Detroit United drift lower amid a general easy market.
MENTIONED IN THIS ARTICLE
New York
Appleyard Group
Dayton, Springfield & Urbana
Columbus, London & Springfield
Toledo Railways and Light
Detroit United
Columbus
Stock’ Exchange Board
Cincinnati Street Ryss
Detroit United Rus
Detroit United Rys
Gas and Electric
Cin
United Rys
Wetares Cis Ds Gtcc
Bears Dominate Wall Street Amid Late Rally and Rumors
On June 5 the stock market opened with heavy selling by professionals, rumors of dire outcomes circulated, then prices rebounded late as shorts covered. Amalgamated Copper led gains while Pennsylvania and cotton stocks faced losses, bank liquidity looked fragile with gold exports and a weak Subtreasury, and bonds slipped as total sales reached 2.76 million par.
MENTIONED IN THIS ARTICLE
New York
Bears
Stock Exchange
Pennsylvania Railroad
Pennsylvania
Amalgamated Copper
Boston
Atchison
Union Pacific
New York Exchange
Chicago
Sterling Exchange
United States
World Markets Highlight Mixed European Stocks And Metals
London stocks show quiet trade with inconclusive moves as gold flows ease and money becomes more available. Consols firm slightly while American and Canadian Pacific shares weaken on New York selling. Rio Tinto tumbles after Amalgamated Copper drop. Paris and Berlin report slack trading focused on government funds and idle bourse activity. London listings feature wide shifts across bonds and equities, with Bar silver steady and money at 2 1/2 percent.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
New York
Rio Tintos
Amalgamated Copper
Berlin
Paris
Anaconda
Atchison
Baltimore & Ohio
Canadian Pacific
Chesapeake & Ohio
Chicago Great Western
Chicago
Milwaukee & St. Paul
DeBeers
Denver & Rio Grande
Erie
Illinois Central
Louisville & Nashville
Missouri, Kansas & Texas
New York Central
Norfolk & Western
Ontario & Western
Pennsylvania
Rand Mines
Market Briefs From New York and Boston Financial Desk
New York reports mercantile papers at 44 1 2%, sterling steady with bankers bills near 487.95 to 488 demand and 485 to 485.10 sixty day. Government bonds strengthen while railroad bonds soften. Money on call firm but near 1 to 4 percent, time money higher. Boston notes show call loans 3 1 4 to 3 1 2 percent and rail and misc equity moves across Atchison, Union Pacific, General Electric and United Fruit among others.
MENTIONED IN THIS ARTICLE
Paris
New York
Sterling Exchange
Time
Boston
Atchison
M Central
Point
Boston & Albany
Boston & Maine
N. Y
Fitchburg
Union Pacific
American Sugar
American Tel
Dominion Iron and Steel
General Electric
Massachusetts Electric
United Fruit
United Ee
Westinghouse Com
W R Todd and Company Bankers Investment Bonds
W R Todd and Co advertises banking services at 409 Walnut Street including investment bonds and financial support for clients seeking secured instruments. The notice highlights firm’s location and offerings to potential investors.
MENTIONED IN THIS ARTICLE
W. R. Todd & CO
Bankers
Walnut Street
Quotations on Local Securities Include Broad Bond List
Quotations on stocks and bonds last established at the Stock Exchange and outside detail bid and asked figures for railroad traction and industrial stocks. The list covers Cincinnati markets with numerous bonds including Cincinnati and Hamilton County issues, Covington Newport bonds, street railroads, and various unlisted securities.
MENTIONED IN THIS ARTICLE
The
Stock Exchange
Bear traders push stock short interest to new highs
Waldorf gossip reports bear clique expanding short positions over 1 000 000 shares amid weak bank statement signals. Observers fear large open bear account not seen since 1890s Bryan panic, with outside loans masking real demand and uncertain ability to cover unless sentiment worsens.
MENTIONED IN THIS ARTICLE
C. J. Buddeke & Co
Mining Shares and the Metal Trades
London Tin weakens by about a quarter, spot at £128, futures £125 15s. Copper drops in London, locally quiet with lake and electrolyte around $14.75 to $15, casting $14.50 to $14.75. Lead up in London but steady locally at $4.37 to $4.44. Spelter unchanged. iron prices mixed in Glasgow and Middlesboro. Northern foundry solids quoted at $20 to $21, other grades near $19 to $19.50. New York and Boston mining lists show varied gains and losses across major producers and metals.
MENTIONED IN THIS ARTICLE
New York
London
Glasgow
Middlesboro
Northern
Southern
Dry goods market shows cautious buying in New York
In New York on June 1 the dry goods market remained conservative with buyers advancing only to cover current requirements. Cotton supply was shrinking and depletion appeared across several regions. Southern mills faced curtailments and a growing number of suppliers planned to curb material purchases.
MENTIONED IN THIS ARTICLE
New York
Cincinnati Markets Report Shows Mixed Grain and Produce Soundness
The Cincinnati market report for June 5 notes the Minneapolis cash wheat market down 8 1/2 cents while local cash wheat stays quiet and firmer. Corn and oats show activity and firmer prices with flour and rye markets varied. receipts reached 787 barrels and 98 barrels shipped. Multiple lines cover wheat, corn, oats, rye, hay, flour spreads, whisky, and fresh produce prices, listing specific grades, prices, and inspects, plus apples, strawberries, citrus, and vegetables with regional variations.
MENTIONED IN THIS ARTICLE
Minneapolis
Otommerce
N. W
N. Tr
Bebe Seeds
Dbs
M’t
Ibs
Ibs Estes
Shnew Ok
Philadelphia
Chicago
Milwaukee
Warner
Fe Louis
Incinnati
Market Comment On Pennsylvania Syndicate And Rail Earnings
The report notes no stock operation by the Pennsylvania Syndicate but readiness to take unsubscribed new issues. It cites no expected dividend reduction for People's Gas and hints Rockefeller pressure for control. It also covers broad market movements, Amalgamated Copper pressure, coal union board talks, monetary easing, and May rail earnings gains across New York Central, Missouri Pacific, Southern, and Chicago & Alton with detailed monthly and weekly increases.
MENTIONED IN THIS ARTICLE
Pennsylvania Syndicate
Pig Iron Market Outlook June Revival Seen
The June period is expected to bring revived pig iron buying as buyers anticipate increased activity. Foundries struggle to sustain operations with limited purchases while the market waits for old contracts to wind down. A Southern reduction has occurred with No 2 foundry iron fixed at 15 dollars per ton Birmingham level, a price seen as fair for buyers and sellers amid cautious activity.
MENTIONED IN THIS ARTICLE
Birmingham
Prices fall at Birmingham meeting cut foundry and gray forge rates
The Associated Furnaces meeting in Birmingham reduces No 2 foundry price from 17.50 to 16 and Gray Forge from 16 to 13.75 effective immediately. Market observers note rising demand, dwindling stocks, and a shift toward widespread buying in iron markets while basic and forge iron show active but constrained trade. The Birmingham action also ends the $1 East West differential, standardizing Southern iron pricing nationwide.
MENTIONED IN THIS ARTICLE
Birmingham
No. 2
Gray Forge
Bessemer
Basic
Burley Tobacco Prices Reported in Local Market
The Globe offered 29 bids of old crop burley tobacco with prices from 4.20 to 13.25 per hundred. W H Whiteman of the Globe Warehouse predicts a strong summer market as prices rise on sound red and colory types while inferior mean lots are rejected. Cigarette wrappers remain in high demand with large holders including Lebus, McGhee, Lerch, and Coffman, and weekly sales are led by Cincinnati Miami Warehouse and Farmers a Shippers. Jay Fagan is recovering from injuries after a train collision near Augusta, Ky.
MENTIONED IN THIS ARTICLE
The
Globe
W. H. Whiteman
Imanadger
Globe Warehouse
Colonel Whiteman
Clarence Lebus
Frank McGhee
Paul Lerch
Winston Coffman
Sais
Cincinnati-Miami
Farmers A Shippers
Bodmann
Jay Fagan
Usta
Iiy
Chris Renyear
Brashear
Gallatin County
West Virginia
Tobacco market and plant plans in Covington area shift
The report notes trades in old and new tobacco, rising prices for red leaf and bright lugs, and forecasts of strong output in Covington and nearby districts. It mentions Ed Ellie and George W. Greene in local business circles, the Planters Tobacco Warehouse nearing completion, and expected market activity through June. Local growers and manufacturers mull price standards as shipments and auctions adjust.
MENTIONED IN THIS ARTICLE
Johnny
George W. Greene
Farmers and Shippers
Ed Ellie
Colorado
Dick Spalding
Cincinnati
Continental
Burley
Growers’ Association
Covington
Antitrust
Newport
E. O. Eshelby Tobacco Company
Ant
Kentucky Internal Revenue District
Market Report on Burley and Dark Leaf at Louisville Auction
Special Despatch from Louisville notes offerings mostly dark today with unchanged market from prior day. Burley remains weak in low grades while short dark leaf strengthens in good condition. Week totals show 1 182 hhds auction and 465 sold privately with 298 old Burley and 693 new making 991 total dark and old and new. Receipts run 1 278 hhds as farmers delay shipments but expect improvement by mid month. Rejection rates stand 16% for Burley and 26% for dark.
MENTIONED IN THIS ARTICLE
Louisville
Burley
Cotton Market Opens Steady Amid Southern Support and Weather Outlook
The New York cotton market opened with slight gains on Southern support and covering, but soon softened on favorable crop conditions and a favorable acreage report. Trade activity showed mixed liquidity with declines after early advances, while figures for day and futures remained subdued. New Orleans quotes reflected steady demand and revised sales as futures closed near day lows.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Phila Iphia
Also Mentioned on This Page
PUBLIC+SERVICE CORPORATION
Mansfield
Ohio
City Railway
Electric Light
Shelby
Inderurban
Rudolph Kleybolte & CO
N. W. Corner
Third and
Walnut Streets
Cin. Gas and Electric
Toledo Bys. and Light
Ci D
Mansfield Ry., L
Findlay W. We
W. Hs
Feder, Holzman & Co
Union Trust
Erle Gen
Vanase
Tex. Pac
Pee H. V
Total
Wall Street Review
Southern Railway
Southern Pacific
United States Steel
Wabash
Claude Ashbrook
Tee
J. T. Ross
Theorthern Chio Otion
Toledo Railways and Light Company
Nuary
Gee Ember
Sane $ Orr
Toledo
Bankers, S. W. Cor
Third and Walnut Srs
Baldwin ii A
A H. Baldwin & Co
W. Fourth St
Little Miami
N.C
T.P
Ee Col. & Xenia
Se L
St. Ry
Det. United
A. Ar C
Int
U. Pr
Pri
Tob.Co
A.jergens
Kroger
Brownell
Atlas
N’l Lafayette
Far.& T
C.T
D.co
Hamilton County
Con. Sk. Fund En
Dobs
Clif
Clifton
C. H. Rebuild
S.R
Clif. & Mon
W.W
Pike
Avon
Covington and Newport
C.r.&w.w
L.M
Col.Gas
U.L
H&p
R. R
Mt.A_ Cab
Cin.& Ham
C.g
L. M
Big Four
Elmwood
O. Val
City Hall
Bright
Helvetia
Trust
Cit
Indus
Bam & S
Nor
Col. Ry
jCin
M.& E.can
Fay & E
S.ohio
H. O. Coke
C.n.&c.lst
Pen. Br
C.n.&c
West
Ohio Bs
Gps
Br. Aq
Ind
St.Ry
Boldt Glass Pr . Nat.Cash Reg
Globe-W
Shillito
Church
George Eustis & Co
Third Street
New York Stock Exchange
Atchison Tees Ste Eeteee
B. & Oai
Eoveeas
Wanes
Pete
St. L
Northwestern
Rock Island
Southern R. R
St. Paul Oe
F. Seco
Toledo & S. W
Texas Pacific
Wabasheae
Amer, Car and F. Co
Bite
People’s Gas
Seeee Pr
Steel Car Co
Pacific Mail
Republic Steel
Tennessee C
Renee A
Western Union
Waldorf Cossip
Roberts-Hall & C
Bid
Bay State Gas
Tees
British Columbia
Consolidated Refrigerating
Padsesseh
Dominion
Ney Gee Oueetwaee
Putas Wasex
Havana Tobacco A
Houston Oil of
Texas
Peace
Pere
International Salt
See
Stenes
Seaboard Air, Line
Cashes
Tennessee Copper
Esky
United Copper A
St. Louis
Adams Con
Alice
Breece
Brunswick
Comstock Tunnel
Con. Cal
Leadville
Little Chief
Ontario
Ophir
Phenix
Potosi
Savage
Sierra Nevada
Small Hopes
Standard
Adventure
Amalgamated
Bingham
Hecla
Centennial
Copper
Dominion Coal
Franklin
Isle Royale
Mohawk
Old Dominion
Osceola
Parrot
Quincy
Santa Fe Copper
Tamarack
Trimountain
Trinity
Utah
Victoria
Winona
Wolverine
Daly-West
Central Tun and Safe Deposit Co
Sr. Paul Building
Fourth Street
Walnut
Ben Davis
Florida
Tennessee
Jodad
N. O
D. S
Perris Ois
S. c
Elgin Creamery
Ohio Flats
Schweitzer Se
Limburger
Seeves
Clover
Tr’k
Boos
Eriwr
Cat Seeand
Commission House
H. A. Harrison
Amalgamated Coppers
Detroit
United Railways
Chicago & Alton
Pacific Coast
Missouri Pacific
Pi Iron Market
Rogers, Brown & Co
Southern Coke
Foundry
Lake Superior
Jackson County
Matthew Addy
Spencer Trask & Co
William & Pine Sts
New York Investment Securities
Albany, N. Y
Briggs & CO. Bankers
E. Third St
Bide
Weenicke
Trashe Hockense
BOM Sect Ee Os
Commercial Tribune
New Orleans
Hester
C. J Buddeke & Co
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