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Newspaper

Cincinnati Commercial Tribune

Location

Cincinnati, Ohio, United States of America

Date

Jun 06, 1907

Page

8

Wall Street Doubts Upward Move After Early Drop

New York traders retreat from yesterday’s optimism as stock prices fall early. American Smelting and Union Pacific moves dominate the market, while gold shipments to Paris and Parisian liquidity affect sentiment. Analysts forecast continued volatility and potential buying on dips as industries like steel and rail respond to dividend news.

Com Tribune New York American Smelting and Refining Company

TICKER TALK

Gold exports to Paris announced with $1,000,000 engaged for shipment today. Amalgamated Copper's subsidiary earnings for year ending April 30 likely near $27.6 million. Norfolk shows 9 percent common earnings to date amid firm sterling demand and Paris exchange weakness.

Paris Amalgamated Copper Norfolk

Brokers Speak On Market Conditions And Strategies

In a lull with no major developments professionals hold market sway. Experts forecast limited stock movement until crop weather shifts funding and anticipate government action against Harriman this week. Buy on dips and take modest profits on bulges as outside activity remains light.

Harriman W. E. Hutton & Co Page & Hill

May activity tops records in Cincinnati business

The Cincinnati Subtreasury reported a May total higher than any month since its establishment, while Fire Marshal Creamer plans a visit to inspect dry cleaning practices amid a ban on naphtha and benzine. The Railroads Board of Assessors valued Cincinnati Northern Electric track and rolling stock, and various civic observers attended meetings and excursions across the city.

Cincinnati Archibald Creamer Railroads Board of Assessors Cincinnati Northern Electric Company Hamilton Dayton Hamilton City Germantown Mt. Healthy Trenton

Cincinnati market shows Detroit United and Cincinnati Tractions strong

Cincinnati and Chicago reports note Cincinnati Newport Covington common shares and Detroit United Railways lead trading with clearings of 4.66 million. Toledo Railways activity remains, Procter & Gamble and United States Printing traded, bonds include Columbus Railway 5s at 105, with other issues quiet.

Cincinnati Newport & Covington Detroit United Railways Toledo Railways Procter & Gamble United States Columbus Railway Teledo Rys Light Detroit United Rys Gas Elec Columbus Ry Cincinnati School Southern Ohio Traction

Old Securities Quote Fragments and Bond Notes

A fragmented list of bond and stock entries shows various banks and trusts such as City Hall Trust Cosmopolitan Cov. Trust and First National with percentages and prices. Traction bonds and industrials appear with figures like 33% and 105 to 150 price ranges, and ex-dividend notes are mentioned for Ind. St. Ry.

le Oe Cin. Trust City Hall Cosmopolitan Trust Pont NL Nor.Say Union 8.& T Unity Say Traction Orks Au C.&c. Er N.& Br Ind

Cotton Letters Signal Caution and Possible Price Rise

Weather warnings prompt caution on heavy loads while buyers pick up on declines. Afternoon rain reports in Texas and Memphis spur prices to climb 20 to 25 points. Traders expect further gains if conditions confirm. Slight acreage rise unlikely to alter the bullish spot market, with lower supplies and higher trade demand noted by Ballmann.

Texas Memphis Foster & Co John W. Ballmann

Money on Call Rates and Bonds Across Markets

New York reports money on call easy at 1 to 2 percent with the ruling rate at 2 percent and closing bids near 1 percent. Time loans show 3 1/4 to 4 percent for short maturities as Wall Street firms assess primes and sterling exchange holds firm. Boston notes call loans at 4 to 5 percent while a slate of railroad and utility bonds show varied trading amid steady government tends.

New York Sterling Exchange

Market declines and stock shifts in London Berlin Paris

London stock activity shows limited money, firm discounts, and gains in gilt edged securities led by consols. Copper shares rise while American close improves then fades on Harriman roads probe. Berlin and Paris bonds and rates ease with mixed foreign demand and political tensions affecting prices.

London Paris Stock Exchange New York Washington Harriman Roads Anaconda Atchison Baltimore & Ohio Canadian Pacific Chesapeake & Ohio Chicago Ontario & Western Pennsylvania Rand Mines Reading Southern Pacific Union Pacific United States Steel Wabash Berlin Portugal

Treasury balance report shows cash and gold figures

Washington June 5 Treasury balances in the general fund excluding the gold reserve show available cash of 259,057,164 dollars, gold coin and pale 88,581,686 dollars, and gold certificates 55, with details continuing in the statement.

Washington Treasury General Fund

New York Bond Sales Report Details Various 4s and 5s

A financial bulletin lists bond offerings and auction results from New York markets. The report names multiple issuers such as M. K. & T., Wabash, Pittsburgh, and Western Maryland with prices ranging around 70 to 99 percent and volumes from 1,000 to 30,000.

M. K. & T. 2Ds— Son, Pac Pitts Tewan Icr L & PF West Ae Ee W. N Colo, Mid Aee Wez Pac Aga Eee

Iron Age notes quiet pig iron market and steel demand

The Iron Age reports a quiet pig iron market with buyers delaying distant delivery amid uncertain business prospects. U.S. rail steel demand remains strong with large tonnage contracted for Chicago North Western Arkansas Louisiana Gulf Wisconsin Central and Pennsylvania rail steel.

New York Iron Age Chicago & Northwestern Arkansas, Louisiana & Gulf Wisconsin Central Pennsylvania Atchison Allegheny Mountains

Metal market roundup at London and New York exchanges

Lead weak at 5.87 percent in St. Louis while Spelter remains quiet around 6.40. London tin rises to £187 spot and £184 futures, copper up with markets steady. local copper and lake prices shown. Lead steadies near 5.75 to 5.85 locally. iron remains strong in London while U.S. foundry numbers firm in Cleveland and southern listings.

ST. Louis New York London Cleveland Northern Southern

Boston Mining Market Summary June 5

Boston mining market report lists multiple company stocks with quotes and percentages. Notable figures include Calumet and Hecla 710 asked, Tamarack 100, United Copper 61, Isle Royale 14, Michigan 12, United States Oil 100, North Butte 81, Nevada 1, Amalgamated 83 percent, and Arizona Commercial.

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 Ld Dominion Osceola Parrot Quincy Shannon Tamarack Trinity United Copper United States Mining United States Oil Utah Victoria Winona Wolverine North Butte Butte Coalition Nevada Calumet & Hecla Arizona Commercial

Market quotes for New York mining stocks dated June 5

Adams Con .10, Alice 2.50, Breece 25, Brunswick Con .35, Comstock Tunnel .24, Con. Cal. and Va.7, Horn Silver 1.50, Iron Silver tepe Con. .95, Little Chief .06, Ontario 3.50 vs 1.60, Potest .10, Savage .32, Sierra Nevada .27, Small Hopes .30, Standard 2.25.

New York Adams Brunswick Comstock Tunnel Con. Cal Little Chief Ontario Savage Sierra Nevada Small Hopes Standard

Dry goods market steady in cotton goods division

In New York on June 5 the dry goods market showed strength in the cotton garment division. Retail trade held up with another fair day, while spring menswear purchases remained cautious. Spring 1908 knit goods and underwear opened with about a 16 cent advance over last year. black silks are selling well.

New York

Cotton futures rally as Western belt crops buoy market

New York trade reports show early weakness turning to firm closes with gains of 10 to 14 points amid heavy selling by bears and covering by big buyers. Weather and crop prospects in the Western belt sparked bullish sentiment despite mixed official notes. June to March futures closed higher across major exchanges with spot markets steady to firm.

New York Gulf New Orleans Liverpool

Burley tobacco market steadies with higher prices across grades

Strong tone in the local market as all grades rise to new levels. Offerings totaled 296 hhds with Planters Bodmann Globe Farmers and Shippers warehouses posting varied prices for new and old leaf from $4.90 up to $19.75 per hundred.

Bodmann Globe

Louisville Tobacco Market Reports Fair Volume and Firm Prices

Special Dispatch to Commercial Tribune from Louisville notes fair sales and steady prices across warehouses. Burley ranges $8.90 to $17.75, dark $0.55 to $8.30, with a few rejections. market described as stronger, firm, and very satisfactory overall.

Commercial Tribune Louisville Pickett Burley

Coffee futures open steady as May supply increases

The New York market opened steady to slightly higher on coffee futures as May's world visible supply rose by 542,259 bags to 16,551,708. News of the May stock change appeared discounted, with prices generally steady to about six points up. Volume totaled 36,750 bags with mixed regional quotes and dull activity.

New York Rio C. Santos Cordova

Receipts and Shipments for Cattle Hogs Sheep June 3 5

Receipts and shipments for the past day and two previous days show cattle hogs and sheep across markets in Buffalo Pittsburg New York Omaha Kansas City St Louis Chicago and other centers. Prices range with cattle from about 5 to 6.50 per 100 pounds and hogs from roughly 6.00 to 6.75 with regional variations. lambs and sheep also quoted with multiple market notes and comparisons to prior periods.

Commercial Tribune East Buffalo Emery Spe Springers Pittsburg New York State Pennsylvania Omaha Texas Kansas City ST. Louis Chicago HPRR

Turpentine and Rosin Prices Steady Across Markets

Oil and spirits turpentine show limited activity with steady rosin prices in Savannah and Wilmington. Turpentine firm sales and varied rosin grades mark the market, while Toledo reports Lima price quotes and Oil City records credit balances and shipment averages.

Savannah Toledo North Lima Sc South Lima Indiana Wilmington

Sugar market report from New Orleans trade notes

Sugar steady in New Orleans notations, open kettle and centrifugal grades quoted with minor differences. Molasses quiet with new syrup noted and ongoing market nuance reflected in the brief report.

New Orleans

Wool market reports small sale and price guidance

In St Louis on June 5 wool markets show ready wool types with various micron grades. A 225000 pound clip sold in Buffalo at 22 1 2 cents per pound. Wyoming Wool Growers Association urged growers to hold for stronger prices than last year for the 1907 clip.

St Louis Buffalo Wyoming Wool Growers’ Association

Seed Market Prices Report From Toledo Market

Seed prices listed for June show Cloverged at cash eight twenty five and futures eight twenty, December eight fifteen and March three fifteen. Additional entries include ve sike eight and Timothy two thirty five.

Toledo Timothy

Also Mentioned on This Page

Wall Street Farkman New York State Charles E. Bultman W. R. Todd & Co George Bais Os Mercantile Library Atlantic Coast Drce Iiss Ochtzhe R. Toe Ereee del & Hudson Detroit United Illinois Central Northern Odes Northern Pacific Rock Island Southern R. Ae Ee Wis Aeee Wean Col Consolidated Gas Weeee HO General Electric People’s Gas Republic Steel Springs Western Union Ticker Paris Exchange A. O. Brown & Co H. M. Beazeil Business Men’s Club Commercial Club of Panama Canal Zone Jackson Smith Queen City Club Panama Commercial Club Mr. Smith William Worthington Edward Goepper L. A. Ault W. W. Taylor N. H. Davis John Omwake James A. Green Perii Langdon Harry L. Laws D. B. Meacham Business Men’s Club Committee On Neave Harvey Hannaford Cincinnati Southern L. H. Grinstead Lebanon Charles Kinner Westchester, Os J. G. Rains Maysville Carriage Makers’ Club New Richmond Lizzie Bay Coney Island The Vine Street Fourth Street Draper Zoo Hagenbeck Hamburg Max Fleischmann Africa Big Four Millcreek Valley Starch Company Winton Place George W. Harris James Levy & Bro., Distillers Harris Harry M. Levy David M. Johnson William H. Harding Brooklyn Charles Cushing Mr. E. Coler U.N. C Detroit United New York Exchange Special Dispatch Call Money Time Money Glasgow Belfast Ps O Res Philippine Wesyvavers Bar, & S Cin, Edison Ham, Gas Ss Columbia Gas Fay& Egan És Colgas Pa, Bridge Wis Mt Au Cab Cin & Ham Wi S. Cov. &C Col. Ry Nor.o. L. &T Nor. O A. & Cbs South Ohio B.G Oe Ham.& Lind Bid Ask. Id Ask. Cin N.C T.P Col. & Xenia Little Ham C. & Toros C.N Cee Ohio Tr Cin St. Ry Poe Col. Bs Gol. Ry. & L Scioto Valley Zi Int Nor.o.l. & T Am. R. Mill Jergens Bar. & Smith Teeee Houston Casey-H. Pr Kroger Weveee C’ec Nat F. A. Stockyards Carey Pr Th&fm Mill Gam Rob’n Realty Cuyahogs Tel Steptoe-Sh Fleisch W. Powell Pritz - F Wurlitzer BNK Atlas Cent Merch Ea Baor Bn M. N Aiit Ovedl Southern Ry Sias Ara Ooe Nous Viaduct Bamilzom County Elizabeth Bridge Longview Benson Street Big Miami Bridge J. J Newport Traction Bonds Ic., Ly. & Aves Os Do Pr Eagle Oak L Es Do Pr.a.&b Cotton Letters Atchison Adj Mexican Central Boston & Albany Boston & Maine Boston Elevated Fitchburg N. Y American Sugar Amen Telegraph and Telephone American Len Edison Electric Illuminating Massachusetts Electric United Fruit United Shoe Machinery Treasury Statement Peoria Ww. EB. Hutton & Co First National Pank Building Total Iron and Steel Trade Metals Boston Mining NEW York Mining C. J. Buddeke Seeeee Atone Weer Ory Sateen Ae Weneee Seees . Tae Louisville Tobacco Fleischmann Market National Bank Plum Streets Covington, KY Jas. C. Ernst S. Hamilton V. Prest GEO E. Engel Cashier H. P. Colville Aust Cash Madisonville Water U. S Weil, Roth & CO East Fourth ST Spencer Trask & Co W. H. Fillmore & Co St. Paul Building J. E. Jones & 60 Corton Tel Carlisle Building Main S. W. Cor 4Th and Walnut Palbwin Vian OD. H. Baldwin & CO Fourth St Phoenix Grain Stoge Exchange Cincinnati, O S. Kuhn & Sons, Bankers East Third Street Columbus Gag and Fuel Company Columbus Lister Bicycle Company William J. Lister Thomas Lister George W. Lister Walter T. Lister E. R. Lewie Gas Sun Amusement Company Springfield Gus Sun O. G. Murray John E. McCarthy Ray Leason Roger V. Smith Grace Evangel Lutheran Church A.D. Helfrick Albert T. Nell W. D. McTighe Luna Park Company Mansfield G. W. Ball J. M. Byers N. Bahl F. Doolittle L. R. Bahl United Lumber and Supply Company A. N. Ferguson A. S. Kraus F. F. Kraus B. 8 J. B. Kramer C. H. Dickman J. F. Kramer H. Kramer Ben M. Kramer S. F. & G. A. Gebhart Company George A. Gebhart Carrie E. Bates William S. Gebhart Frederick W. Keller Charles B. Tipton Hotel Savoy Company Frank Caldwell Robert J. O’brien Charles E. Nourse Louis Belmont Clyde P. Johnson WOOL
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