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Cincinnati Commercial Tribune in Cincinnati, Ohio

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Newspaper

Cincinnati Commercial Tribune

Location

Cincinnati, Ohio, United States of America

Date

Jun 07, 1910

Page

8

Stocks Break to New Lows on Wall Street Session

Prices of stocks plunged to new low levels for the year on the New York Stock Exchange amid nervous trading and talk of a white house conference between Taft and railroad executives. Early gains gave way as bears covered, and bonds showed irregular activity with total par value of 31,554,000.

Wall Street Associated Press Dispatch New York The Stock Exchange Washington White House Taft Southern Pacific Bears United States

Financial notes and rail sector updates in London and U.S.

A roundup of early 1910 financial and industrial items. Western railroad presidents meet Taft. Amalgamated Copper holds an annual meeting. Railway bill fights resume in the House. Railroad rate injunctions affect business. Agricultural Chemical common stock reportedly pays no near-term dividend. Dry goods buying weak. Copper producers deny a break in the association. Bank cash and surplus show principal declines. National Biscuit reports continued year-to-date gains. Twin City earnings for January–April 1910 set records. Co. & O. expects 10 percent stock returns this year. London settlement starts Wednesday. National City bank chief Forgan cites interior loan curtailment as a notable factor amid large remaining tied-up funds.

Visible grain supplies in the United States June 4

The New York Produce Exchange reports the visible grain supply on June 4 with Wheat at 18,647,000 bushels a drop of 1,486,000, Corn 5,471,000 a decrease of 13,000, Oats 6,666,000 down 239,000, Rye 496,009 down 22,000, Barley 1,807,000 up 146,000. Canada’s wheat on the prior Saturday stood at 5,961,000 bushels, down 397,000.

New York United States New York Produce Exchange Canada

Business Men Club Visitors and Merger Talks in Cincinnati

Notables from Wheeling Grand Rapids Dayton and Philadelphia attended the Business Men's club event while speakers from Bethlehem Steel and Carnegie Steel promised Cincinnati visits. Merger discussions moved forward with Chamber of Commerce meetings and a big Thursday luncheon planned.

Business Men's Club Andrew Reetz Wheeling W. Va A. Hurst Grand Rapids Mich A. T. Nesbitt Dayton, O Pratt Kline Philadelphia A. Fuller New York Edward F. Scofield West Virginia W. BP. Robertson Manufacturers’ Club Charles Schwab Bethlehem Steel Company W. H. Bope Carnegie Steel Company Cincinnati Chamber of Commerce Fenton M. Parker Buffalo N. Y Chamber of Commerce and Manufacturers’ Club Business Men’s Club

London Stock Market Quiet Ahead of Settlement

Money in good demand and supply, rates quiet as settlement nears. British and new foreign bonds supported. Kaffir shares neglected. Rubber and oil shares sold on gains. Peking syndicates recovered. American securities firm early, then covered. Moon prices 0.75 to 1.25 above parity. Afternoon New York offerings trimmed about a point. a feeble rally followed, market closed easy.

London Stock Exchange Peking New York

Money on call and rates steady in New York markets

On June 6 in New York money on call held at 2 to 2 1/2 percent with a ruling rate at 2 percent and closing bids at 2 percent. Time drafts showed weakness with 60 days at 3 percent and 90 days at 3 percent while six months ran 4 1/2 percent. Sterling exchange remained steady with bankers bills at 483.60 to 483.70 for 60 day bills and 486.65 for demand. Government bonds were steady and rail road bonds showed irregular trading.

New York Prime Mercantile Sterling Exchange

Dry goods markets show quiet trade and cutbacks

In New York on June 6 the dress goods markets were very quiet and mills are sharply curtailing production. Cotton goods traded moderately with prices steady. Raw silk from the old crop is easy and some small business has occurred in the new crop at advances.

New York

New York Bond Sales Reported Amid Market Notes

A W E Hutton Co listing shows diverse bond offerings in New York City with numerous issues from Atchison to Western Maryland and Chicago lines. The report totals indicate about 1,978,000 in bonds with varied coupons, maturities, and exchanges across rail and industrial securities.

New York Mining Stock Quotes June 6

New York mining market report lists prices for several stocks and bonds on June 6. Alice 2.50 Brunswick Con .07 Comstock Tunnel stock .25 Comstock Tunnel bonds .16 Con, Cai, and Va. .80 Horn Silver -50 Iron Silver 1.65 Leadville Con .05 offered Little Chief .06 offered Mexican -90 Ontario 2.235 Ophir .82 Standard .75 Yellow Jacket .65.

New York Brunswick Comstock Con Cai Leadville Ontario

Treasury Statement Shows Treasury Balance by Funds

The report lists trust funds with gold coin nearly $857.15 million, silver dollars about $489 million, and silver certificates $488.97 million. General fund totals include standard dollars $3.12 million, liabilities $98.14 million, working balance $21.28 million, funds in banks $38.41 million, subsidiary silver $21.26 million, minor coin $1.18 million, totaling $84.70 million.

Washington Treasury United States General Fund

Foreign Bourses Open With Quiet Trade As Suit Looms

Paris on June 6 saw dull trading while investors awaited the U S government railroads lawsuit outcome. Three percent rentes at 98f 87% for account and London exchange at 25f 28c. Berlin on the same day reported quiet, firm prices with improved American securities, London exchange at 20m 50p. Money and private discount rates held at 3 percent.

Paris Exchange London Berlin

Cottonseed oil price report from New Orleans and New York markets

New Orleans reports Prime refined cotton seed oil at 7.290 cents per pound and Southeast prime crude summer yellow ranges. New York lists multiple contracts with values from 7.93 to 7.96 cents for July to September and 6.47 to 5.48 cents for December, reflecting price spread and monthly futures.

New Orleans New York Prime Crude Southeast Lord Bughel

Trading activity and quotes from Cincinnati to Saint Louis markets

Trading yesterday showed higher volume than recent days but small aggregate sales as investors seek concessions. Procter & Gamble firm. Cincinnati Gas and Electric up over last sale. Ohio Traction preferred 9 and C N & C 86 percent. industrial list quiet. Clearing figures include Cincinnati $4,406,360 and St. Louis $16,247,378. Bond market dull. money easy. New York exchange activity noted with premiums and discounts across several markets.

Procter & Gamble Cincinnati Gas and Electric Columbus Gas Ohio Traction Preferred New York Exchange

Markets in Cincinnati June 6 1910

Wheat and corn show firmer demand for high grades with light receipts. oats steady for white variety but weak for mixed. Hay and flour quiet with steady undertone in butter cheese eggs and poultry markets. fruit and vegetables list includes pineapples potatoes tomatoes onions and cabbage with varying prices.

Cincinnati Timothy Texas Louisiana Tennessee

Grain and forage seed prices from Toledo market report

The Toledo market report lists Clover seed at cash 6.80, October 6.50, December 6.50, March 6.57. Timothy seed shows Prime at 2.15. Alsike seed Prime 7.95, August 7.45.

Toledo Timothy Alsike

Lumber Dealers Adopt Uniform Inspection Code

The Hardwood Dealers Manufacturers' association of the United States and eastern wholesale lumber dealers, over twenty-five firms, adopt a uniform inspection code closely following the Hardwood Manufacturers association rules. Expectation rises for nationwide standard grades as current rules vary by region affecting cotton and lumber trades.

Hardwood Dealers Manufacturers’ Association United States Hardwood Manufacturers Association National Hardwood Association

Copper mining stocks and percentages listed for June 6

A June 6 market roundup shows numerous copper and mining stocks with varying percentages. Companies include American Zinc, Lead and Smelter 23, Calumet and Hecla 4550, Quincy 74, Utah Copper Co. 41, Granby Consolidated 38, Nevada Consolidated 19, Osceola 130, Mohawk 40, Tamarack, and others with readings spanning single digits to the low hundreds.

George Atlantic Agi Brooklyn Rapid Cane Ee & Se Gr. West Peres Chicago & Sr Inter Fowa Central Southern Eae Nashville Weeee Minn St. Li.s Southwestern Montarne “Pacific Southern Railway Texas & Pacific Tol St. L Aimes Pacific Western Maryland Wheeling & Lake Erie Tere Industrials Allis-Chalmers Amer Amer Car Fdy Silly Amer Amer. Pete Amer H. & L. Pref Ice Securities Amer Linsee Eee Amer Locomotive Steel Foundries Tel Anaconda Mining Co Bethlehem Colorado Fuel & Irom Consolidated Gas General Electric Pittsburg Republic Steel Tate Wecene Sloss-Sheffield Tennessee Copper Boston Alouez Kerr .Lake Lake Copper le Salle Miami Copper Mohawk Nevada Consolidated Nipissing Mines North Butte North Lake Old Dominion Osceola Parrott Quincy Shannon Superior Boston Mining Pitts Tamarack United States Sm Utah Consolidated Utah Copper Co Winona Wolverine

Butter and dairy prices hold steady across markets

Chicago reports butter steady with creamery 25 to 27 3 4c, eggs 15 075 cases, cheese steady with daisies 14 to 15c, poultry firm with turkeys 15c and chickens 17c. Kansas City sees butter steady with extras 27c, eggs receipts, and varied fresh and storage prices. New York notes firmer butter, mixed cheese quotes, and large egg receipts. St Louis lists poultry and butter rates. Elgin Illinois reports butter firm at 27c and output 834700 lbs.

Chicago Young Americas Kansas City New York Pennsylvania ST. Louis Lfc Elggin

Coffee futures steady as trading shows scattered demand

In New York on June 6 futures opened quiet then advanced briefly before turning steady with a cautious tone. Trading featured 9,000 bags reported sold and closing bids across months from June at 6.20c to May at 6.54c. Havre and Hamburg were mixed or higher, Rio steady, and Santos up slightly with Brazilian port receipts at 8,000 bags. Rio No 78c Santos No 49 1 2c Cordova 9 1 2 to 12 cents rare.

New York Havre Hamburg Rio Santos Jundiahy Cordova

Metals Market In St Louis and New York Parallels Declines

Metals trading shows lead at 4.22 dollars in St Louis while Spelter weakens. New York copper prices ease with spot 12.50 to 12.55 and London futures near 57 pounds. Tin and lead movements noted along with English iron market softness and iron prices in Northern and Southern grades.

ST. Louis New York London Custom House Lake East St. Louis Cleveland Northern Lovee Southern Soft

Wool prices edge up in steady trade in St Louis

Wool remained unchanged in St Louis on June 6 with slight gains in grades for combing and clothing. Price quotes show a light fine at 18 1 2 to 19 1 2 cents and heavy fine at 21 to 21 1 2 cents per pound, with other grades steady.

Merosco Pest Claude Ashbrook Wiggins Block Cincinnati ST. Louis

Also Mentioned on This Page

Brown New York Central Commerce Commission Houses of Congress Gotine Ticker Western Railroad President Taft Amalgamated Copper House of Representatives National Biscuit Twin City London Settlement Forgan National City Bank of Chicago P. J. Goodhart & Co Walnut Street Standard Oil American Tobacco Miami Poston Consolidated N Putte Coalition Ray Consolidated Os Iz Nipissing Chino Il Gold Consolidated Greene Cananea Pe Sat Wereas Oeste Ray Central Serene Midges Seasaheeta Abe Ohio Co Saweewe Arizona Manhattan Trans’ Speer Enee Mirrors Sesse Necesbe Cambria Steel 45 Electric Co Lehigh Valley Tonopah Tere Union Traction Philadelphia Philadelphia Co Rap Tebe Ebee Boston Curb Bay State Wwe Ewes Nevada Utah Davis-Daly F. E. Langdon Wilmington, O J.W. Esser Virginia A. J. Conroy Laughery Island Isadore Rauh A. H. Bartles Harry Marscher Ben Dulwebber Harry McCullough E. E. Shipley J. F. Taylor Harry Otterbein D. F. Feldman L. M. Webb Frank Herschede C H. Fitzwilson C. J. McDiarmid L. V. Overman R. R. Caldwell Real Estate Exchange of Houston Tex W. W. Ebersole Charles BE. Roth F. B. Wallace F. A. Schmidt George Zehler Winnes Weil, Roth & Co Provident Savings Bank and Trust Company C. E. Dennison & Co Otis & Hough National Hardwood Lumber Association Louisville Hans Zinke Foreign Exchange Department German National Bank Columbus American Institute of Banking Chattanooga Covington and Newport Bridge Ben Moeller Joy Ruh Ned Heminway Covington Emil Steinert Harry Rairdon Newport London Stocks L& N Copper N. Central Anaconda Tee Wees Nor. .& West Atchison W. E. Hutton & Co First National Panic Building A. T. Ss N.Y Winn, & W. cv Peo. & East. Inc Cl. P C& Oo Oh S&s W. M. Ist S. B. Se Allis-Chalmers Ie. Levany Oa S. P. cv C., BR Ax. Col B. Ss. Te Chi. & Alton Sig Bl, K. & T Cat. Ind Ss. S. F D- R NEW York Mining Treasury Statement Bank Commercial Tribune Encal Disputo Commercial Tribune Cal Glasgow Belfast Ask Ask. Cin.In.Ry.pr Col. & Xenia Little Miami L_ STOCKS Railro Dog N.&d Brighton Cin. Trust City Hall Ae Cosmopolitan Trust First Na N’l Columbia Bank .& Sav. Co Nor. Natio’l Ie Union Trust ESC_&S.Bég N.C. Br de Sap Dayton & M Ky. Cent Miami És Ind. St. Ry de Pra.&b Shillito Cn Niles TW Cin Gas and Electric Peeeeee Steel Awe Col. Gas and Fuel Kroger Ohio Traction Wee Deee Panama Cin,& Ham C.n.&c. Cin St. Ry L& T Woods It. Rys. & L Scioto Vahey Col R. & L Det UN. Ry Ohio Trac L. Et Industri Am. R. Mill Fleisch Jergens Globe Soap Bar. & Smith Black Cl’son Ham. Ma. Tool ' Boldt Glass Stan C. Dtfa Porliz Colum. Gas Oates Cuyahoga Ate den W. Powell Fay-E. Com Wurlitzer Foulds M. En Eesie Cent ‘Trust Queen City S. F J. J F. A M. N Ry. Ter P.A Ter Stes Ween Waterworks Tees Bees Gilbert W Hunt St. W Hamilton County Bonds Elizabeth Bridge New Bridge Os Smith Egan B.&n Ein’ Edison Col. Ek Cin. Gas T Columbia Gas Ham Cin. & Ham N. Ees Sted .Iy N. O. Ists Col. Ry. Cs Ac. B. Bs S.ohio Miami & Ger Scioto Valley Florida Navy Baines Asais Abe Ac Eeeweee Acencenses Sweeeeeseenseslee Youghiogheny I P Shines New J York Milwaukee Duluth Minneapolis St Louis Peoria Baltimore Tim'y Tim Tim’y M’d Florida Freestone Boone Enerey Japan Ieedeke N. W. Michigan Swiss Jorl Cme Amenes Akron Michigan Bbij Waneee Lal Vinceek W. B. Hutton & Ee Ae Eevessene Ohio Fuel Pet Ee Brewing Co Pittaoute Coal Co Sure Mining Seta Teen E Bane Eee Westinghouse Electric 2d Savings Department Atlas National Bank Postoffice Ohio East Twelfth and Vine Sts Ohio Bonds Weil, Roth ECO Paldwin Baldwin Company W. 4Th St Murraye Coss I¢ Union Trust Ati, O Metals
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