New York Stocks by W E Hutton Co
Market activity list from W E Hutton Co in the First National Bank Building. IP. Co Bid.
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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Jun 07, 1916
Page
8
Market activity list from W E Hutton Co in the First National Bank Building. IP. Co Bid.
The London stock market opened with a firm tone and gains in gilt edges and war loans, with Russian issues supported by war news. Afternoon shock as news of Lord Kitchener's death cooled activity. market closed subdued but steady. Shipping shares advanced while American rails and bonds picked up on Mobilization Committee demand following the first list of 167 dollars.
W. E. Hutton and Co reports on New York bond sales from their offices in the First National Bank Building. The release highlights total bond sales across key issues and market activity for investors, noting liquidity and pricing trends observed during the session.
In Columbus on June 6 closing figures show Ohio Cities Gas at 259 to 261, City Service common 282 to 284, and City Service preferred at 87% to 87%.
A brief note indicates loaning rates may rise, signaling tighter credit conditions. Details are limited in the available text.
Securities activity was modest with light demand and routine banking business. Bank clearings totaled 5 181 900 dollars while deposits drifted down and loans rose, signaling potential higher lending rates if this pattern continues. Cincinnati Gas and Electric bonds and several industrials showed varied activity amid a cautious market tone.
Stock holders of the Barney & Smith Car Company held their annual meeting in Dayton yesterday electing a nine member Board of Directors. New members from Cincinnati joined the board: A Clifford Shinkle Edward L Heinsheimer and Horace W Lothman along with continuing directors Lawrence Maxwell Charles L Harrison Horace W Lothman Edward J Heinsheimer A J Stevens and H M Estabrook.
Mining companies announced dividends with amounts ranging from 50 cents to 1.59 dollars per share plus extras. Major names include Utah Copper Nevada Chino and Kennecott Copper with dates tied to June 16 stock records and June 30 payment. Chino also reported a 1.25 dollar dividend plus an extra. Chino Copper plans a 1,250,000 addition to its milling plant. London and Liverpool markets to observe a formation day for Lord Kitchener’s memory.
New York June 6 reports a further drop in coffee futures with September at 8.30c about 59 points below last month highs. Prices for several months declined, with July 8.17c and December 8.47c. Brazilian market weakness and looming new crop supply fueled selling, while spot Rio and Santos trading also softened.
The New York market shows varied moves with gains in many issues as investors reacted to higher call money and dividend optimism. Metals and rails led advances while Mercantile Marine and some war issues slipped. total stock sales reached 625,000 shares and bonds firmed on 4s.
Wheat futures rise driven by foreign buying and bullish crop reports. Corn and oats gain modestly while provisions slip. market reflects mixed signals on European demand and U S crop conditions.
Wheat and corn prices show firmness across multiple U S and international markets. Notable figures include No. 1 Northern Manitoba wheat at 1.24 f o b New York and Minneapolis No. 1 hard 1.17, while Toledo cash wheat stands at 1.11 and 1.11 for July. European spot wheat in Liverpool sees Manitoba at 10s 9d and American corn at 10s 34.
Cincinnati market reports show arrivals of cattle hogs sheep and calves with prices varying by grade. Trade quiet on cattle due to light receipts while hogs move at steady to slightly lower levels and calves see active demand with rising prices. Other western markets including Kansas City St Louis Cleveland East Buffalo Indianapolis Pittsburgh Chicago and New York are listed with receipts and price ranges for hogs cattle sheep and calves.
Taw sugar prices ease with Cubas at 5 1/2 to 6 1/4 cents and refined sugar steady to firmer in quiet trading. Nearby futures slip while outport refiners cut values. September and December contracts show modest declines. Curb notes promote 7 percent preferred stock and common shares as varied opportunities.
Net surplus earnings after bond interest and preferred dividends for the first nine months of the fiscal years 1914 15 and 1915 16 are presented. The figures reflect the companys earnings performance under the interim period and indicate the financial status during the nine month spans. The content shows a comparative snapshot of profitability and required deductions.
New York June 6 buyers cited selling by local professionals on heaviness in land as the cause of an early drop in cotton oil. A partial rally came near the close on September due to Memphis convention orders and short covering. Final prices mostly unchanged to 5 points higher. Sales 9,400 barrels. Prime crude 9.60 cents, prime summer yellow 10.80, June 10.85, July and August 10.78, September follow-up.
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