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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Jun 06, 1919
Page
9
Cincinnati iron and steel leaders say the market is turning a corner with rising pig iron demand and improving production. Buyers place small orders for now, but plans point to larger futures. Labor costs and government resale policies shape prices as supply channels reorganize for peacetime reconstruction.
The pig iron trade reports stronger sentiment as supply and demand improve. May and June forecast continued gains with furnaces shipping more iron than produced and many plants resuming peacetime production. Prices may rise toward 4% above the current 26.75 level, though gradual change is expected.
The dispatch notes price shifts across groceries and grains with churning lumber costs. Churngold oleomargarine up 4c and eggs down 2c per dozen while fowls and broilers price moves reflect broader demand. Banking and trade indicators show improving activity and anticipated labor needs in agriculture.
Nationwide opinion holds the postwar era is recovering with modest April to May declines in commercial freight and a cautious revival in iron and foundry markets. Buyers anticipate early strike settlements, smelters report steady demand, pig iron production drops, and coke contracts near expiration as stocks thin and prices stabilize.
Washington officials said improved seaboard shipping conditions lessen the need for the new grain crop permit system, possibly delaying its implementation until the end of the month. Harvesting is under way from the Southwest to Kansas, reducing anticipated storage congestion by mid June.
A chaotic notice includes wage and employment leads for RANDOLPH BRILL and The Andrews Steel Co with addresses in Avondale and Newport. It also advertises a maternity hospital and a Rudolph Wurlitzer Co employment site. The core item is city bonds offering 70 coupon bonds of $50 par, 6 percent interest, due 1928-1932, with bid rules and required cashier’s check.
New York reports a decline from yesterday's close followed by rallies led by rain in the eastern belt. October contracts fell to 29 12, with the general list down 28 to 44 points. Liverpool weakness and Southern selling weighed, but later covering and trade buying supported prices as heavy rains and crop prospects improved. Exports totaled 27,056 bales. U.S. port stocks stood at 1,348,792 bales.
Linseed on track for 4.12 to arrive 4.65 with July 4.65 and Sept 4.62. Turpentine stable at 12 1 2 cents with 58 barrels received and 50 shipped. Rosin receipts 777 barrels and 69 shipped. stocks 66 425 barrels. Prices for various spirits and glass materials listed including window glass and water white.
Legal notice states the City Auditor of Portsmouth Ohio will receive sealed proposals by noon on Friday June 27 1919 for purchase of 30000 09 Water Works Extension Bonds dated April 1 1919 maturing in five 10 year installments through 1938 with 5 percent interest semi annual. Bonds numbered 1201 to 1260 are coupon bonds of 500 each. Bid must be at par plus accrued interest with certified check to Louis A Zucker. City may reject any bids.
A fragmented OCR listing shows numerous car makers dealers and services. Names include Pierce Arrow Studebaker Scripps Booth Winton Six Miller Sons Gahagen Co Campbell and Walsh Auto Laundry car seat covers and automobile insurance providers with addresses such as Main Court May Street M Mason Sycamore and Eighth.
Notice lists William J Chesser William Jones and Ralph Carter confined at the Ohio Penitentiary as eligible for clemency parole hearings. Hearings set for on or after July 1 1919 by the War den and Chaplain with W I Bishop as chief clerk.
In Chicago on June 5 Armour pref edges to 104 while Carbide sits at 73 percent. Cudahy 118 Libby 314g Lindsay 2414 Match 116 Sears 204 Stewart Manufacturing 49 Stewart-Warner 1 percent Swift International 69's Swift Co Wiz Tool 16 Wilson 971g.
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