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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Jun 10, 1902
Page
10
Chicago June 9 grain market turns bearish as warm clear weather relieves wet harvest fears. July wheat and corn slide with oats and provisions mixed while hogs rise on steady demand. Receipts and shipments posted across Chicago St Louis and other markets with mixed cash quotes and futures activity.
U S market notes no general demand increase on June 9. Brown cottons hold steady with occasional sellers yielding. Bleached muslins dull. denims scarce but forward business possible at current prices. Other coarse colored cottons featureless. print cloths, prints, and ginghams inactive.
A call for a Wednesday meeting of Kanawha district coal shippers seeks a general price rise. Signed by George M. Halm and P. H. Hesser, the urgency stems from miners’ strike reducing output. Two thirds of local coal comes from Kanawha, risking scarcity. the amount and date will be decided at the meeting.
Grain and provisions markets show dull trading with weak spot and futures. Wheat and corn futures fall on favorable weather and profit taking while spot prices ease. coffee and sugar maintain modest activity with mixed futures. market notes reflect export totals and varied bid prices across grains and commodities.
Articles of incorporation filed with County Clerk Weidner for Clover Leaf Oil Company. Incorporators Li A Calvin M T Chestnut H S Treadway James M Glenn Thomas H King and Daniel Dreifus. The firm holds 600 acres in Van Wert and Mercer counties and plans to drill and prospect for oil and minerals.
Judge Rufus B. Smith of the Superior Court ruled that two stockholders of Cincinnati Safe and Lock Company may claim labor liens. The decision, in the case of Alvina Candler against the company, grants about $600 to the labor claimants despite prior resistance that stockholders cannot lodge such liens. The ruling involves several intricate questions of law.
An old advertisement urges readers to gather nine friends to exchange brains for collaborative advantage. It promises tenfold improvement and invites estimates to win in a $34 000 prize pool across 1 490 prizes.
BE, W. Clark & Co. announce a complete merger of electric railway firms in and near St. Louis. East St. Louis & Suburban Co. to be formed in New Jersey with 6 million in stock. Bonds totalling 3 million collateral trust will back all East St. Louis holdings and related lines. Company officials are C. M. Clark President EB Clark Jr Vice President G L Estabrook Secretary and C A Pearson Jr Treasurer, all Philadelphia natives.
Receipts and shipments for the past forty eight hours show cattle hogs and sheep trades across Cincinnati Pittsburg Kansas City South Omaha East Buffalo New York Chicago St Louis. Prices trend steady to higher with strong demand for fat cattle and heavy hog sales. calves and dairy stock weaker. lambs and sheep varied by grade.
June activity at the Building Inspector Tooker office shows permits issued, with one $50,000 Taft estate permit and a traction company building anticipated, pushing estimated costs toward $350,000 for two permits and a possible $300,000 Ingalls Building in the pipeline. Officials note estimated costs are often much lower than actual final costs, while other small permits and real estate deals by Theodore Mayer & Co. add to the month’s business.
A long ledger of property deals and mortgage filings appears. Transfers include parcels on Eighth Street Dayton Street Marion Avenue and Hyde Park with values from $1 to $9,500. Multiple deed conveyances and lease terms noted alongside numerous mortgage entries across various sub divisions and townships.
Case filings list multiple actions including Wm. Durrell v Village of Norwood seeking to enjoin assessment, John Healy v Queen City Club for 477.50 in services, and State of Ohio v John Stockum with an appeal from Squire. other matters include Esberalke & Co. v James H. Jones for mortgage foreclosure.
The Board of Public Service sent station improvement recommendations for Glenn Parker avenue from Thomson Heights to Langland street at 1507 dollars and Clean street from North Crescent to Washington avenue at 9045 dollars. Corporation Counsel Hunt advised the board it could contract for Harrison Avenue before funds were secured, and Barber Useding Company won the contract by its bid.
In St Paul on June 9 the Chicago Great Western directors set the semi annual price at 2.50 per share on the prepaid A stock for the year. Transfer books close June 28 and a dividend of 2 per share plus four per cent on debenture stock was declared.
A column urges readers to subscribe to the Commercial Tribune and mail in an estimate to clear minds about ongoing payments. The notice emphasizes ease and swift delivery of the desired newspaper access.
Commencement exercises at the Hay ward School of Elocution will be held this evening in the Auditorium. Rev. E Trumbull Lee will deliver the address and present diplomas. Diplomas of honor go to Corinna Quisenberry Clinkinbeard and Harry Smith Hilliard, with additional honors for Lottie Wilkins Grubbs Alma Josephine Merk Delphine Borgia Peard John P Murphy and James J Donnelson. Certificates for two year and one year courses are listed with names, and the Misses Grubbs Peard and Merk will perform a program.
Bayard Kilgour and Henry Burkhold from Millcreek Valley meet with a syndicate about leasing two roads to join with Cincinnati Traction. Officials say discussions progressed but no definite agreement has been reached. A committee of directors continues to study a tentative plan to present to stockholders.
Real estate dealer Oliver E. Conner received a scrawled letter from J A Stout begging for $900,000 mailed in paper dollars. Conner shared the note with friends on Third Street, causing much mirth, and the request was not acted on and unlikely to be.
The Jenney Electric Light and Power Company, which handles city and commercial lighting, was sold today in Ft Wayne Indiana to a branch of the General Electric Company. General Electric plans to maintain the large Ft Wayne plant employing about 1500 workers and use it to display electrical apparatus manufactured on site.
In New York Supreme Court Justice Blanchard vacated the arrest order against Arthur L Meyer of the Webb Meyer Syndicate. He had been arrested in a case brought by David Rosenberg who claimed to have bought 20 shares of Rutland Railroad stock based on false representations by Meyer and others.
Directors declare a percent dividend payable July 1. Books close June 25 to July 1 inclusive. The road shows an earning capacity of 44 percent per annum.
The notice lists departures and arrivals for Chesapeake and Ohio, Illinois Central, Pennsylvania Lines, Louisville & Nashville, Kentucky Central, Grand Rapids Indiana, Cincinnati and Muskingum, Queen & Crescent, and more. It names depots at Fourth and Walnut, Pearl and Butler, and Central Union, with daily and Sunday schedules, and directs to ticket offices and contact numbers.
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