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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
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
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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