Speculation in Tobacco Market and Steel News Summary
A London led stock retreat pressed markets while tobacco stocks rose on strong earnings. Sugar shares and Southwest rail stocks gained amid favorable crop and court news. Copper May output fell with lowest end stock, signaling demand balance. Iron and steel show scarce labor hinting at price gains. Weekly agency reports remain bullish on trade expansion.
MENTIONED IN THIS ARTICLE
New York
London
Berlin
Southwest
Brooklyn Rapid Transit
Copper Producers’ Association
Iron and Steel
Wall Street
Mississippi River
Union Pacific
Metals market round up New York and London prices
Metal prices move across copper tin lead and spelter with New York spot rates for copper at 16.50 to 17.25 and tin around 46.50 to 47.75. London quotations stay strong with copper and tin futures and spot quoted in pounds. St. Louis notes lead at 4.15 and spelter at 6.75 to 6.85 as industry activity shows rising exports this month.
MENTIONED IN THIS ARTICLE
New York
London
Custom House
Port of New York
East St. Louis
Cookson
Cleveland
Stocks Dull Across Markets With Low Bank Clearings
The day saw subdued trading as bank clearings totaled 3 950 800, down from prior days. Cincinnati Stock Exchange reported only 14 shares traded, while New York and Chicago markets showed limited activity and a quiet money market with loans near 4 to 6 percent.
MENTIONED IN THIS ARTICLE
Cincinnati
New York Exchange
Cincinnati Stock Exchange
First Call
Bauer Pref
Second Call
Cincinnati Gas & Electric
Cincinnati Street Railway
London
Glasgow
Belfast
Paris
Ameri can Smelters securities eyed for Paris bourse listing
Ticker notes market chatter on Ameri can Smelters seeking Paris exchange listing. Bond issue details show a 4 percent New York state bond offering at 29.95 million with varied bid ranges. London dock strike and sugar duties debate cited as concurrent market noise.
Second 10 percent dividend for Metropolitan depositors
The state banking department, via Deputy Charles F. Mathes liquidating, shapes a second dividend of 10 percent for Metropolitan Bank depositors. Payments may start after June 1, following a May 27 supplemental list filing. This follows a 40 percent first dividend.
MENTIONED IN THIS ARTICLE
Metropolitan Bank
State Banking Department
Charles F. Mathes
Mathes
Brandt & Lear Buyer Purchases Cloaks in New York
Jacob Brandt of Brandt and Lear travels to New York to acquire cloaks suits and furs for his firm signaling a ready stock order and wholesale shopping activity dated in the period news item.
MENTIONED IN THIS ARTICLE
Jacob Brandt
Brandt & Lear
New York
Philip Carey & Co Denies Bond Issue Plans
Philip Carey & Co officials deny reports they will issue a new block of bonds. They state they are placing 500000 dollars of treasury stock on the market to absorb floating indebtedness they wish to clear.
MENTIONED IN THIS ARTICLE
Philip Carey & Co
Treasury
Visitors Admitted At Chamber of Commerce Meeting
Visitors admitted on the floor of the Chamber of Commerce yesterday were T. F. Tabb of Mount Sterling Kentucky and E. D. Baldwin of Chicago.
MENTIONED IN THIS ARTICLE
Chamber of Commerce
T. F. Tabb
Mount Sterling, Ky
E. D. Baldwin
Chicago
City Hall Bank declares quarterly dividend
At the regular monthly board meeting held June 5 the board of directors declared a regular quarterly dividend of 3 percent payable July 1.
MENTIONED IN THIS ARTICLE
City Hall Bank
English Trade Improves and May Trade Figures
The Board of Trade May statement shows imports rising by 5 992 500 dollars and exports up by 6 088 000 dollars. Increases mainly come from raw cotton and food, with food and raw materials driving export gains. In Boston the wool market notes Montana contracts totaling at least 8 million pounds, with top prices reaching two units.
MENTIONED IN THIS ARTICLE
London
Board of Trade
Wool Market Signals Higher Dealer Prices in Boston and West
Taken at other Western points, clean landed costs in Boston are higher than local market, suggesting advances in dealers' asking prices. Goods market remains firm with light weights opening 5 to 10 percent higher, and further rises may follow due to costly raw materials. Boston wool exports Jan 1 to Jun 6 reach 122,553,427 lbs, vs 93,467,769 lbs last year. receipts 125,190,068 lbs vs 100,523,919 lbs. In St Louis on June 7 wool steady with mid grades 20 to 22.5 cents, light fine 16 to 19 cents, heavy fine 18 to 19.5 cents, tub washed 27 to 30 cents.
MENTIONED IN THIS ARTICLE
Boston
Commercial Association notes praise year of Cincinnati progress
The June Commercial Association Bulletin lauds a year of citywide gains including eight new industries, numerous conventions, a made in Cincinnati show, and plans for an educational program. An excursion to Mount Healthy’s county experimental farm is set for mid July in special cars with luncheon, inviting nonmembers to join.
MENTIONED IN THIS ARTICLE
Commercial Association
Association
Cincinnati
Ways and Means Committee
The
New County Experimental Farm
Mount Healthy
Stanley Struble
Board of County Commissioners
New
Made in Cincinnati Show Draws Manufacturer Retailer Interest
Numerous manufacturers and retailers express strong interest in the second made in Cincinnati Show to be held the week of August 18 to 25 under the home products committee of the Commercial association. Retailers request window space and many plan working displays.
MENTIONED IN THIS ARTICLE
Home Products Committee
The
Commercial Association
Business Men Reveal New Flying Machine Invention
John A. Jung of 1612 Freeman Avenue announces a patented flying machine and invites Business Men's Club members to witness its flight. The craft is installed in a farm shed, with flight timing to be set by club members who wish to observe.
MENTIONED IN THIS ARTICLE
John A. Jung
Freeman Avenue
Rutherford H. Cox
Business Men’s Club
Guests at Business Men's Club Last Night
Visitors listed include K W Hardin from New York J W Stout New York B Kramer St Louis R W Kaler New York C C Early Louisville Ky George B Haynes Chicago A L Hile Miller Indianapolis Paul Guenther F N Hicks Chicago O J F Myers Canal Dover O D M Stray D H Brown H S Arthur McKeesport Pa J P West Russellville O F N Beegle Beaver Falls Pa
MENTIONED IN THIS ARTICLE
Business Men's Club
K. W. Hardin
New York
J. W. Stout
B. Kramer
St. Louis
R. W. Kaler
C. C. Early
Louisville
George B. Haynes
Chicago
A. L.hilemiller
Indianapolis
Paul Guenther
F. N. Hicks
O. J. F. Myers
Canal Dover
D. M. Stray
D. H. Brown
H. S. Arthur
McKeesport
J. P. West
Russellville
F. N. Beegle
Beaver Falls
Art committee meets with Building Commissioner on city beautification
The Business Men's club art committee held a brief session yesterday and consulted Building Commissioner Rapp about beautifying the city through new building projects within the city limits.
MENTIONED IN THIS ARTICLE
Business Men's Club
Rapp
Committee to Host National Commissary Managers Meet
A committee managing arrangements for the National Commissary Managers association convention in Cincinnati next September held a session at the Provident Bank building. Chairman Mayer presided as the finance division reported $3,310 raised of $7,000 goal and subcommittees for each business line were authorized to canvass thoroughly.
MENTIONED IN THIS ARTICLE
Committee of
Commissary Managers
National Commissary Managers’ Association
Cincinnati
Merchants On Manufacturers
Provident Bank
Chairman -Mayer
Louisville breakshow offers Burley and dark lots at auction
Offerings on the local breakshow list 41 hhds Burley and dark with 36 inspected and 11 rejected. First sale set for Tuesday at the Kentucky warehouse. Pickett warehouse sold 6 hhds of Burley at 4.50 to 9 and 35 hhds of dark at 5.50 to 10.75 per hundredweight.
MENTIONED IN THIS ARTICLE
Commercial Tribune
Louisville
Burley
Kentucky
Pickett
Foreign Bourses Report Trading Quiet on Paris and Berlin Exchanges
Paris on June 17 saw quiet trading with prices moving irregularly. Three percent rentes quoted near 93f 77%ci for account and London exchange at 251 238ci for checks. Berlin on June 7 closed unchanged with London exchange at 20m 43%ofs for checks and money at 3%4 percent. Private discount rate listed at 2% in Paris and 4% in Berlin.
MENTIONED IN THIS ARTICLE
Paris
Exchange
London
Berlin
Money market steady in New York trading
Money on call remained steady at 2 to 3 percent with a 2 percent ruling rate. Time loans held at sixty and ninety days around 2.3 percent, six months at 3.44 to 3 percent. Prime mercantile paper quoted at 3.4 percent. Sterling exchange firm with bankers bills at 484.75 for sixty days and 487.10 for demand. Government bonds steady. railroad bonds showed irregular trading.
MENTIONED IN THIS ARTICLE
New York
Ask
Panama
D. Cc
D. C
Stock Exchange
Andrew
Smi
UBL
Saenevenennses
Brownell Co
Ohare
Charles Ee
Anne
Cincinnati
Sterling Exchange
New York Mining Prices and Offers
New York mining items list prices and offers including Alice 1.75 Comstock Tunnel stock 2.10 bonds .15 Col Cal and Va .55 Iron Silver 1.40 Leadville Con 10 Little Chief .05 Mexi can 2.70 Ontario 2.00 Ophir 1.15 Stand ard .30 Yellow Jacket .50 as of June 17.
MENTIONED IN THIS ARTICLE
New York
Col. Cal
Leadville
Ontario
Dividend notice from Ce Collett Gas and Fuel Company
The Ce Collett Gas and Fuel Company announces a dividend of 1 1/4 percent on its Preferred Stock to stockholders of record at the close of business June 15 1912, to be paid July 1 1912. Secretary Cc. SCOTT signs.
MENTIONED IN THIS ARTICLE
Cincinnati
Westinghouse Air Brakes Company
Union Switch and Signal Company
Manhattan Railway
Interborough Rapid Transit Company
Ce Collett Gas and Fuel Company
Coum Oto
Cc. Scott
Farmers & Shippers’ Leaf Tobacco Warehouse Co
Burley Tobacco Market Quiet Yet Steady Prices Listed
The Burley tobacco market remained quiet but steady with buyers taking all offerings. Globe Warehouse sold 132 hhds old tobacco at 94 to 6.95, 31 at 7 to 10.25, and M at 11 to 18.75. Farmers and Shippers' Warehouse sold 61 hhds at 4.10 to 6.95 and 26 at 7 to 16.50. Bodmann Warehouse offered 13 bids at 4.06 to 13.75.
MENTIONED IN THIS ARTICLE
Burley
Globe
Bodmann
Coffee futures show steady close amid mixed U S trading
New York June 7 coffee futures opened steady to within two points of yesterday's move. Prices held near the best levels after a stronger call and Brazilian freight costs, with a late near steady finish and a small net loss. Trade included 86 000 bags with notable Sao Paulo and Santos receipts and cold Sao Paulo weather.
MENTIONED IN THIS ARTICLE
New York
Brazil
Havre
Hamburg
Rio
Santos
Jundiahy
Sao Paulo
Rio No
Boston mining shares rise across multiple firms
Boston mining stocks posted varied gains and losses on June 7 with firms such as Amalgamated Copper slipping to 865 percent and Calumet and Arizona at 77, while Nevada Consolidated and Osceola jumped to 122 and 114 percent respectively, reflecting mixed market activity in the sector.
MENTIONED IN THIS ARTICLE
Boston Curb Close
Bay State
Nevada
Utah
Davis-Dal
Majestic Stesse
Raven OeeReeed
Messes Eterinnsteeerens
New York
CURB
Standard Oil
Eevee Baeees
Ann Rat
Jersey Heat
Lehigh Valley Coal
Goodrich
Tener Ee
Leg Studebaker
Marconi
British Columbia
Kerr Lake
Manhattan Transit
Boston
Fruit
arioeCgeste
Shoe Machinery
Allouez
Arizona
Greene Cananea
Nevada Consolidated
Paneer
Eresene
North
Quincy
Peeree
Wolverine
Indiana
Standard OM
Eae
Atlantic Refining
Buckeye
New York Transit
Kansas
Aeons Et Standard Oil of
Aseria
Ahmbaetstetabde
Amalgamated
Copper
American Zinc
Arizona Commercial
Boston and Corb
Calumet and
Hecla
Centennial
Copper Range Con, Co
East Butte
Franklin
Giroux Consolidated
Granby Consolidated
Isle Royale
Kerr
Utah -Consolidated
Utah Copper Co
Winona
Treasury balances and receipts report for June 7
The treasury reports working balance in treasury offices 62815991 in banks and Philippine treasury 35027243 total general fund 128158853 ordinary receipts yesterday 2379896 and disbursements 1732330. The year to date deficit stands at 3882867 versus a surplus of 8656776 last year. Figures exclude Panama canal and public debt transactions.
MENTIONED IN THIS ARTICLE
Washington
United States Treasury
Treasury
Banks
New York Import Trade For Week Ending June 1
Imports of merchandise and dry goods at the port of New York for the week ending June 1 valued at 18 248 868 dollars. Imports of specie for the port for the week ending today include 187 557 dollars in silver and 228 808 dollars in gold. Exports totaled 1 240 815 dollars in silver and 37 750 dollars in gold.
MENTIONED IN THIS ARTICLE
New York
Oil and Tar Markets Across Ports June 7 Report
Tide of prices shows turpentine steady at 45 to 46 cents across Wilmington Charleston Savannah. Rosin ranges $6.00 to $7.65 with varied grades. Crude turpentine quoted up to $4.50, while linseed on track bids note June 2. Pittsburgh and Oil City report mixed balances and shipments.
MENTIONED IN THIS ARTICLE
Wilmington
N. C
Charleston
Savannah
Duluth
Minn
Pittsburg
Oil City
Also Mentioned on This Page
Metals
George Eustis & CO
Bank Floor
Union Trust
New York Stock Exchange
Canal Pacific
Chieu
Alton
Northwest
Milwaukee
St.Paul
Delaware & Hudeon
Denver
Rio Grande
Erry Ethos Reef
Canara
Chry Southern
Teen Isle
Nashville
Oben
Ansas & Xas
Enews
Ific
Lways
Mexico
Pre Cooter Acpesesavieteccesses
Ontario & Western N & Western
San Rand
Pacific
Louis & Western
Union “Pacific
Maryland
Wheling
Lake Erie
Wisconsin
Steen
Car and Foundry
Foundries Am Sugar Refining
Telephonia Gas Telegraph
Acco
Ee Tenes Woolen Mining Co
Bethlehem Stee
Securites Ee Consolidated
Worthern
Cfs
Dlona
Harvester Anne Tional
Fumpeadeaee Petroleum
Steel
Peper Co
Es Rubber
Unitestes Steel - AP
Res Rolina Chemical
Askerin
Itia
Tees
Sepest Benecetjesee Esperenes
Ereset
Iosia
Lecoven Fovepeel
el Eefeae
Stenne
Eelaver
Teverelenteen Tensaes Toe Agers
Iit aWase
Aebne Eeleveeselaveses
Renee
R. He Tren
C. F. I. Gen
Mtge
Sa F
Panevseustessee
Wabash Ambs Ontee
Vb & RK. G. Ev
Danabadseahs B
Ind. Steel
Gt Ja. Hi
C. Oy Dat
Interboro
Revelpte
Orior
BR. & O.ww
Enees
L. Ia
A. B. Cc
N. Y
H & H Cw
Todty Se
Weeree
K. M
D. & H. Fund A
Denver Ca
iBvc
N. J. Sa
Ind. Steel Selects
Ee kLa
S. F
Ld Es. Saene
Gacy
A. És
St. L
Renee Anes Tsta
W. Sabe
Bt. L
W. Cn
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United States Supreme Court
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Fay-Exan Peer
Foulds M
Bauer Os
Globe Soap
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Gilbert
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Ham
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Gag
Seaetae Ae Dd
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Eal
Dayton & M
Wee L Wiesp Se
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Ky, Conan
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Light and Steat
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Dore Wonsseede
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Ohio
Pictenorg, Coal Co
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Treasury Statement
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