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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Jun 07, 1916
Page
9
Cincinnati markets report firmer potato prices as new crop rises amid weather delays. Florida fruit arrivals push up prices while rains injure some produce. wholesale grain and hay markets show gains with wheat corn and oats strengthening.
Farmers market price list shows homegrown peas at 2.25 to 2.50 per unit and 2-bushel sacks at 3 to 3.25. Parsley sold by dot bunches at 2 to 0. So sugar corn prices listed as 3.60 to 3.75 per sugar barrel from New Orleans. Spinach offered by barrel at 11, and per bushel at 25 to 35 cents. Sweet potatoes quoted by hamper with Mississippi at 85 to 0 cents and Alabama at 5 to 0 cents. Rhubarb price per dot at 10 cents to 1 cent. Watermelons range 50 to 65 dollars per 100.
Bank clearings in Cincinnati totaled 5,181,900 with New York exchange at par. Loan rates stood at 3 to 5 percent, while Cincinnati Stock Exchange saw 212 shares traded. Chicago and St. Louis reports show clearings of 90,660,336 and 19,845,947 respectively with varied money market rates and discounts. Bond and stock over the counter activity included 1000s of notes and 5s and 4s across several issuers. Foreign exchange and government bonds were quoted with modest demand and small lot activity.
Ohio's 1924 wheat crop is projected to be about 7.5 million bushels below normal and 11.5 million less than last year. The State Board of Agriculture reports an average yield of 10.2 bushels per acre, with 14,877 acres abandoned, leaving 1,577,352 acres standing. Harvest likely to drop further. prospects at 68 percent of normal. Oats 83 percent, rye 79, winter barley 77, spring barley 86, clover 89, timothy 92, fruit 82.
Chicago and other cities report butter unchanged with steady eggs and mixed poultry notes. Receipts and prices noted for butter eggs and cheese, with live poultry and dressed meat values varying by market. regional differences include Chicago Kansas City New York St Louis Philadelphia Indianapolis reports.
Mercantile rates show 3 percent sterling six decade bills at 72 or 72.5 with demand at 476 and 4764. Francs demand 91.5 with cables 59.04. Marks demand 7.6 with cables 7.6. Kronen demand 13 with cables 18. Guilders demand 41.916 and cables 41.11. Rubles demand 30 with cables 31. Bar silver at 66.5 cents. Government and railroad bonds steady. Time loans firm 8.8 to 8.8 percent with call money at 3 to 4 percent. Paris quiet with rentes 63 francs and Five per cent loan at 88.35. London bar silver 31.15 to 31.164 per ounce. Money 8.5 percent. Short bills discount 4.9 to 4.16 percent.
New York reports show lead at 7 dollars ask with spelter unmoved and copper firm at 28229.50 for September. Iron prices listed for No 1 Northern and Southern grades, tin quiet at 45 dollars spot, with London futures and spot copper quoted around 121 to 142 pounds.
Duluth notes cash linseed at 1.82 to 1.88 for July and September. Oil City records credit balances at 2.9 with 60 563 barrels run and average 52 486. shipments 118 440 with average 60 576. Savannah logs turpentine firm at 4 cents with 217 barrels sold and 870 received. rosin sales 71 barrels and receipts 2 381 with stock 56 468. Misc prices include A B five dollars and five cents with other lot markers and window glass and water white prices listed.
Chicago on June 6 shows mixed gains and losses across major firms. Chica Pneumatic Tool 73 led declines, while Diamond Match rose to 111 and Sears Roebuck reached 183. Stewart Warner neared 97 and Swift Co. moved to 137 with varied activity for Lindsay Light at 22 percent.
In Ohio a clash between rival gangs escalates with gunfire injuring several people. Police report ongoing investigations as officials urge restraint and outline safety measures in affected neighborhoods.
Colin C Meekison of Napoleon files for the Democratic nomination for Secretary of State Joseph McGhee of Jackson files for Attorney General with backing chatter from Cox Finley circle Scott Stahl Ottawa County partner of Charles Graves seeks Attorney General Also Earl Bloom Bowling Green and George C Braden Trumbull County join as party challengers with petitions signed by local Democrats and Republicans respectively
River stage stood at 17.8 feet at 6 p.m. with no change. Towboats Charlies Brown and Otto Marmet moved up with empties for Huntington and Kanawha River respectively. Shipments include a Campbell's Creek coal tow to Cincinnati while Turner Transportation Company files for $12,000 capital in Madison Indiana with Edward Turner and partners.
A compiled roster of burial permits records individuals aged 3 to 84 with causes including cancer tuberculosis nephritis pneumonia exhaustion and death by own action. Locations span hotels avenues streets and city infirmaries with entries such as John Derr at Columbia Hotel and Sylvester Downey by suicide in the city.
Safety Director Friedlander reorganized General Hospital staff and ordered strict rules to curb unnotified absences. A chief surgeon will oversee subordinates with a surgeon and junior surgeon under him. Appointments include Orthopaedic chief Al Freiberg and Paediatric chief B K Ratchford. Eye chief Victor Ray and obstetrical chief William Gillespie named, with listed surgeons and juniors.
Council yesterday authorized City Engineer Krug to estimate costs and furnish a plat for building approaches to the Southern Bridge. The Southern Railroad asks if the city will pay for approaches if the railroad builds a foot and wagon road. Ludlow, Kentucky may also act favorably on a similar request. Eastern avenues will be improved in three sections to facilitate the work. An estimate will be prepared for widening Kemper lane and Eastern avenue.
New York reports a firmer cotton market as shorts cover amid weather and demand concerns. October climbs from 12.78 to 12.86 with a close near 13.88, while Liverpool and New Orleans show mixed activity and steady spot prices amid ongoing export and stock movements.
New York June 6 the visible grain supply shows Wheat down 245000 bushels while in bond up 260000 bushels Corn falls 1261000 bushels Oats rise 1418000 bushels in bond declines 785000 bushels Rye drops 48000 bushels Barley declines 34000 bushels with barley in bond down 109000 bushels.
Articles of incorporation filed in Columbus list several firms including The Wolverine Automobile Company in Toledo with 175000 dollars, The Second Mortgage Securities Company in Toledo at 190000, The Holland Feature Film Company in Cleveland at 1000, The Golden Oriole Manufacturing Company in Toledo at 25000, plus increases for Alchek Tool Company Cleveland from 100900 to 450000, Refrigeration Engineering Company Toledo from 100000 to 150000, Castor Products Company Cleveland from 50000 to 150000, and Obex Laboratories Company Marietta from 100000 to 200000.
The United States Treasury reports a net balance in the cash funds of 138,714,762 dollars. Receipts for today totaled 3,220,449 dollars with payments. The deficit for the current recalculation stands at 41,047,560 dollars, compared with the previous year excluding Panama Canal and public debt transactions.
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