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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Jun 08, 1917
Page
6
Chicago June 7 The corn market showed continued activity with sensational advances that reversed to a 3c dip by close as forecasts of warmer weather eased gains. July corn at 1.53 1/4, September 1.42 1/2 to 1.43. Wheat net unsettled with July 2.22 1/4, Sept 1.95. Oats fell 7c. Provisions mixed.
Chicago market closes with mixed results led by solid gains for Union Carbide and Sears Roebuck while several industrials slip. Notable prices include Chicago Pneumatic Tool at 73 and Presto-Lite at 13314 with others like Swift & Co and Cudahy Packing in varied territory.
A collection of daily grain and provisions prices from New York Milwaukee Duluth Indianapolis Kansas City Toledo St Louis Minneapolis. Includes wheat corn oats barley rye and hay with bid and ask levels for different grades and delivery months across multiple markets.
Articles of incorporation filed include F P Whiteside Company Youngstown with 10000 dollars Erlin Farmers Elevator and Sunnly Company Erlin 15000 by George G Meek Phenix Truck Sales Company Cleveland 35000 by Charles Meyer Akron Lithuanian Cooperation Company Akron 10000 by Joe Johnson Daizellygator Car Company Youngstown 100000 by T Paul Palzell Vitt Stermer Company Cincinnati 50000 by Joseph A Vitt June Coal Company Columbus 15000 by T C Collins Morgantown Coal Company Cleveland 300000 by J Heinlein Bennist Mineral Company Cleveland 1000 by Charles W Pattison Mahl Printing Company Kenmore 5000 by Floyd Mahl Lakeshore Chemical Company Cleveland 200 by Francis Seiderling State Traffic Bureau Company Cleveland raises 5000 to 25000 Queen City Engraving Company Cincinnati raises 10000 to 11000 Ohio Blower Company Cleveland raises 150000 to 500000.
Persistent profit taking faded as New York shares climbed with industrials leading. United States Industrial Alcohol jumped to 164 1 2, United States Steel gained 2 1 2 to 134, Bethlehem Steel up 3 4 to 151 and 4 to 154, rails showed limited strength, and Russian rubles firmed late amid a 25 exchange rate low.
June 7 coffee futures edge lower at the open and slip midmorning with little demand. July and December retreat to 7.73 and 7.90 per bag before steadying on covering and closing with modest losses. Santos and Rio quotes vary with Brazilian port receipts reported.
Receipts and shipments for the past twenty four hours show cattle hogs and sheep with steady to slightly lower grassy cattle and mixed stock. Prices range from calves $12 to $14.60 and hogs $14.25 to $15.90 while sheep sell up to $17 for best lambs. Major market centers include East Buffalo Cleveland Pittsburg Kansas City St Louis Chicago New York sums and price tones.
New York June 7 nervy unsettled cotton market with futures slipping from 22.40 to 21.98 cents for October while July rallied to 23.0 cents. Exports for the day reached 100 bales, season total near 4,953,000. Port stocks at 60,252 bales. Spot middling held at 23.20 cents.
Butter and eggs mixed movement across New York Chicago Philadelphia and Indianapolis markets. Creamery butter largely steady to unsettled with small gains. eggs mostly higher in Chicago and Indianapolis with varied firsts and specials. cheese steady in Philadelphia. Live poultry weaker in New York with firmer broilers and turkeys noted.
New York notes a steady raw sugar market with moderate demand and ample refiners. About 36,000 bags of Cubas for prompt shipment traded at 4 1/2 to 4 3/4 cents cost and freight, with July and Porto Rico sales also reported. Futures edged down later as spot steadiness prompted liquidation, with prices closing 2 to 6 points lower.
Washington reports end of day funds show general fund net balance of 201,987,912 dollars. Receipts total 8,164,108 dollars while payments reach 4,950,125 dollars. This fiscal year deficit stands at 52,082,943 dollars, up from 40,647,924 last year, excluding Panama Canal and public debt transactions.
Volume in local markets rose as bank clearings reached 6,426,830 while New York trading paused. Brokers reported tight money, calls on loans, and a government bond drive to attract deposits. Local issues showed mixed activity with several names advancing or falling as traders monitored Liberty Bond offerings and utility stocks. Visiting industry figures from Cincinnati reported a robust West Virginia field with 72 wells producing and 100 more planned, alongside dividend postings from Tidewater Oil and Oil Company of San Francisco segments.
Market notes Butter drops 2 cents per pound to 42c Eggs at 32 1 2c down. Calves up to 13 1 2c Poultry unchanged First gooseberries receipts sold at 2 2.25 per 24 qt crate Cantaloupes and strawberries move lower while peaches and beans decline Asparagus lettuce and eggplants cheaper Australia potatoes shown in Sixth street market Africa shipped carload from Sydney price details follow.
Sealed proposals will be received at the City Hall Cincinnati Ohio until 12 oclock noon Friday June 15 1917 for improvement by severing Barton street between Wade street and Armory avenue Plans specifications and blank proposals can be obtained at the Chief Engineer Department of Public Service at 2 per copy which money will not be refunded Each proposal must be accompanied by a bond of two hundred dollars or a certified check as guarantee that if accepted a contract will be entered into Director reserves right to reject any or all bids Bidders must use printed forms CHAS F HORnBERGER Director of Public Service May 31 1917 EDWARD P DURR Secretary
Cincinnati City Council adopts a resolution to borrow 298000 dollars against anticipated 1917 General Revenue via certificates of indebtedness. The issue bears 4.25 percent interest, matures August 31, 1917, with city faith and credit pledged for repayment.
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