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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Jun 09, 1908
Page
9
A bearish government crop report triggered a broad selling wave on the Chicago wheat market. July wheat closed near the day’s low at 85 to 85 1/4 cents, with corn oats and provisions also moving lower amid rainfall and harvest expectations.
The Union Pacific Railroad Board ratified a 50 million dollar first lien and refunding mortgage issue. The bonds cover 1,177 miles of main track and 146 miles of other track with potential extension to the entire system subject to stockholders approval. Redeemable at 107 percent with semiannual interest setting and possible 50 million additional bonds for future expansion. The plan includes reserving 100 million to refinance present 1947 bonds.
Across New York and Midwest reports show flour and rye flour dull or steady amid varied receipts and exports. Wheat and corn futures move with weather signals and crop reports as traders digest bullish forecasts and liquidation.
New York trade reports coffee futures opening steady then slipping about 60 points before recovering. Transactions show 8,750 bags traded with varying quotes across months from June to May and several spot levels, while market noise remains quiet and unsettled.
The Interstate Commerce Commission issues an order under Hepburn Act Section 6 modifying tariffs rules. Railroads must keep tariffs accessible at every station and show them to inquirers. Forty four designated cities require carriers to retain full tariff publication lists and designate staff to assist. Tariffs must be posted conspicuously at stations for viewing on request.
Washington bulletin from the Crop Reporting Board estimates spring wheat sown area at about 17.71 million acres, up 3.7 percent from last year, with a June 1 condition of 91% of normal. State figures show Minnesota 95, North Dakota 97, South Dakota 97, Washington 93, and other crops also detailed.
Toledo and Oil City show varied oil figures with credits and runs. Charleston lists turpentine and rosin prices, while Savannah reports firm turpentine and rosin with multiple grades. Wilmington notes quiet spirits turpentine and steady rosin, tar, and crude figures.
Visible grain stocks show Wheat 21 277000 bush, down 1541000. Corn 3 511000 bush, down 1285000. Oats 6 554000 bush, down 1881000. Rye 257000 bush, down 4000. Barley 41 387000 bush, down 156000.
An ordinance declares the vacation of Koebel street from its Harrison avenue intersection to a point 486 feet south of Harrison avenue. The measure follows a petition from abutting property owners and council findings of good cause and no detriment to the public interest. Passed June 1 1908 Approved June 6 1908. L. Markerbit Mayor.
The Ohio River at Cincinnati stood 15 feet 7 inches and stationary. The Courier, Queen City, Greenland, Kentucky and City of Louisville packets departed or arrived daily with strong business. A. Horton of the US Geological Survey will survey Ohio River flood control reservoirs with headquarters in Newport.
Reports show rivers at varying levels with several arrivals and departures. Pittsburg and Wheeling note six foot falls. Louisville sees 4.6 feet at falls and 6.8 feet in canal, with the City of Louisville arriving from Cincinnati and tow boats Brown leaving for Pittsburg. St Louis reports 30.2 feet and a list of arriving and departing boats including Ford, Herald, Gray Eagle, and Cape Girardeau.
City of Cincinnati ordinance authorizes the Board of Public Service to preserve all shade trees between curb and sidewalk in the Second Ward area formerly Evanston. The measure, cited under Section 1836-100 M. C., takes effect after passage on May 2, 1908.
City council adopts a plan approved April 8 197 and files it with the auditor. Estimated total cost lists 12 in pipe sewer 780 dollars plus branches inlets and manholes totaling and later charges. 32 percent discount on intersections and annual installments at four percent. Bond issuance and deferred collection to fund the project. Passed May 25 1908.
City of Cincinnati bans dirt and refuse dumping on land within the Baymiller street Fifth street to Ohio River Front street boundary. Violators face misdemeanor charges with fines on first offense and $25 for subsequent offenses. ordinance passed May 26. Attest Clerk Edwin Henderson.
The Church of the Disciples of Christ of Mt. Healthy Ohio petitions Hamilton County Common Pleas for authority to mortgage its real estate at the southwest corner of Fourth and Harrison in Mt. Healthy to secure a $2000 loan for enlarging the church building. Hearing set for on or after July 2, 1908. Owen N. Kinney attorney Cincinnati Ohio.
Sealed proposals due June 23 1908 for laying 16 inch cast iron main on Queen City avenue from Shadwell to Quebec road and on Quebec road to Glenway along with related work. Bids include bond or cash deposit, must use printed forms, and may be rejected. Plans and specifications available from Chief Engineer. project overseen by Board of Trustees Commissioners of Water Works Cincinnati Ohio.
Ordinance 588 proposes vacating Badeau alley from Eastern avenue to the Ohio River. A petition signed by owners of adjacent lots states the action will not harm the general interest and asks the city to proceed. City officials note the alley assessment date as May 2, 1908.
General Depot Jeffersonville Indiana June 5 1908 sealed duplicate proposals received until 10 o clock a m June 15 1908 for replenishment stock items including corn brooms tools glass linoleum rope horse shoes rubber hose and miscellaneous supplies with preference for domestic production and reserve to reject any or all bids or parts thereof.
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