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Cincinnati Commercial Tribune in Cincinnati, Ohio

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This newspaper page contains 15 articles. Subscribers can read the full text of each article.

Newspaper

Cincinnati Commercial Tribune

Location

Cincinnati, Ohio, United States of America

Date

Jun 10, 1906

Page

12

Independent telephone boom lures buyers in 1906 stock pitch

The United States Long Distance Telephone Company stock is offered at 50 cents on the dollar with a 6 percent dividend and potential 8 percent next year. Proponent cites 300000 independent telephones, 24000 miles of copper, and a 99 year monopoly via voting trust certificates run by Brailey and Barber, plus earnings projections for 1906.

United States Long Distance Telephone Company Cincinnati Cleveland St. Louis Toledo Columbus Brailey E.S. Barber Wauseon Ohio Louisville Kansas City Bell Telephone Company City & Suburban Telephone Company Cincinnati Company American Bell Telephone Company Independent Bell Pennsylvania New York West Virginia Indiana United States U. 8 U. 8S Everett-Moore Syndicate James 8. Brailey, Jr Cuyahoga Cleveland Trust Company United States Telephone Company Seergs Sc U.S U. S Public Service Corporation Columbus Gas and Fuel Company G. C. Scott Sec’y Cincinnati Gas and Electric Company Fourth and Plum Streets Board of Directo Clauss Ginelnnath O

Speculative Liquidation and Market Shifts in New York

The Commercial Tribune reports a stock market pressured by speculative liquidation and lower prices. Reading, Consolidated Gas, and other issues weaken sentiment as foreign repayments and loan expansion reshape money flow and gold movements.

Congress Reading

Pennsylvania Bond Deal in Paris Shapes US Trade Outlook

The report notes a $50 million bond transaction in Paris aiding New York’s large floating indebtedness and delaying remittances. Harvest prospects and exportable supplies boost the US trade balance, while a drop in foreign demand for canned meat products on packing house abuses may reduce foreign exchange. Bond prices remained firm though market slow. US old 4s up 4 and new 4s 3 on call.

Paris New York United States

Wall Street Gossip and Crop Report Vary in Forecasts

Government crop forecasts vary widely with little authority. Erie earnings are seen at 2 to 3 percent for the year. Minneapolis flour business remains dull with weak demand. Seaboard plans a comprehensive finance plan. Crm 7 Eighty roads for April show a 3.91 percent net gain. Rain complaints in the Northwest temper otherwise favorable crop reports. Banks lose 429 300 in currency movement. Treasury receipts offset large Frisco inflows.

Brokers’ Views on Markets Ahead of Congress Adjourning

The text compiles opinions from multiple brokers on market conditions. They note banks appear stronger than figures suggest, a cautious trading outlook with continued use of grain markets for profits, mixed railroad earnings, and expectations of an irregular market with opportunities on price dips.

New York Bond Sales Report Mixed as Markets Weigh Options

Orr By W E Hutton Co and First National Bank report varied bond prices with Japanese issues around 4s to 5s and Erie, Pennsylvanian, and Wabash debentures listed. Totals show a large securities volume with diverse yields and multiple offerings across rail, gas and utility bonds.

Orr W. E. Hutton & Co First National Bank Ak Duilding Cen.Ga. 24 Inc jErie Pr N.y.c.ls I. B. Oa S. F St.l Zolo Ind Con. Gas L. Iy J B Rocon Am W. P Erie G S. P O. W Ieee Tao National Bank Plum

Cincinnati Grain Men Headed to Illinois Association Meeting

A Cincinnati delegation will travel to Peoria Illinois for the Illinois Grain Dealers Association annual convention. Members include W R McQuillan Harry H Hill C Nippert Edward Fitzgerald Lyman Perin R E Fleming A C Gale and C E Van Lemmon.

Cincinnati Eoria Ill The Ilinois Grain Dealers’ Association W. R. McQuillan Harry H. Hill C. & Nippert Edward Fitzgerald Lyman Perin R. E. Fleming A. C. Gale C. E. van Lemnon

Foreign Bourses See Mixed Tone Across Markets

Global markets show abundant money demand and easy discounts in London with talk of Bank of England rate cuts. US and European stocks largely steady or dull as settlement nears. Japanese and Canadian assets quoted with modest gains but overall tepid activity across major bourses.

London Bank of England The Stock Exchange Board of Trade Anaconda Atchison Baltimore & Ohio Canadian Pacific Chesapeake & Ohio Chicago Great Western Chicago Milwaukee & St. Paul de Beers Denver & Rio Grande Southern Railway Southern Pacific Union Pacific United States Steel Wabash Paris ST. Petersburg Berlin Exchange

New York Banks See Mixed Cash Gains Amid Transfers

The Financier reports last week's data from the New York Associated Banks show cash gains below expected levels despite large money transfers from San Francisco. Deposit expansion matches loan growth. reserves rise, while eight banks added loans and seven banks increased net cash.

New York New York Associated Banks Treasury San Francisco Customs Internal Revenue

Money and Bond Markets Across New York and Boston on June 9

New York reports call and time loan yields steady with short terms around 4 percent and sterling around 485.90. Boston lists diverse bond quotes from Atchison to Mexican Central, plus utility and industrial shares and preferreds, reflecting firm government bonds and heavy railroad activity.

New York Prime Mercantile Paper Sterling Exchange Boston Atchison Adj Atchison Mexican Central Ciee Atchison Albany Boston & Maite Fitchburg United Fruit United Shoe United States Steel Westinghouse .Com

Imperial Bank weekly statement shows mixed changes

Berlin June 9 The Imperial Bank of Germany reports cash in hand down 13 180 000 marks treasury notes up 380 000 marks securities down 54 130 000 marks notes in circulation down 35 260 000 marks

Berlin Imperial Bank of Germany Treasury

Quiet Week in Stock Market With Two Call Sales

The week closed quietly with two call sales and unusually light business. Bonds stayed quiet. money remained easy though a rate cut was anticipated. Clearings totaled 4,096,450 in Cincinnati and 25,604,700 for the week, with gains from last year and steady New York exchange quotes shaping sentiment.

Alaska Pacific Stock Exchange Cincinnati New York Exchange London Glasgow Belfast Biremoco Ons Sc Ccc Cespeeceh Paris New York

Clearing House banks show gains over reserve requirements

New York June 9 The weekly statement of Clearing House banks reports reserves above the legal requirement totaling 7 162059 million dollars, up 34602 from last week. Loans rise to 1 0591626 million, up 7619400, circulation 48931400 down 807800, legal tenders 81816300 down 1081900, deposits and reserves show varied changes, with surplus up 348025 to 7162050 and ex United States deposits up 201709.

Bank of Germany Berlin Paris London New York Hovse United States

Metal markets mixed with firm tin and copper

In New York tin held at 40 to 40.25, copper steady at 18.75 to 19 for lake and 18.37% to 18.59 for electrolytic, and casting at 18.25 to 18.37. Lead remained 5.75 to 5.90, spelter 6.0 to 6.10, while iron stayed quiet on recent figures.

ST. Louis New York London

Treasury balances show available cash and gold assets

Washington June 9 report details the general fund balances excluding the gold reserve. Available cash totals 165,067,297 dollars, gold coin holdings at 83,499,566 dollars, and gold certificates amount to 44, (incomplete from OCR).

Washington Treasury General Fund

Also Mentioned on This Page

Home People Bell Companies WAMOR Cecwesscverviiscees LOK Claude Ashbrook Incinnati Commercial Tribune Call Loans Time Loan Department Interior Banks George Eustis d Mercantile Library Chicago Gt Colorado Southeraware & H Detroit United Erie Great Northern Hocking Valley Punois Central Missouri Pacific Northern Pacific Seveee Ontario & Estern Rock Island St. L St. Paul Amer Yeneral Electric Republic Steel Ry Steel Springs Sugar Seenee Union Bag & Pape Ste Western Union Wall Street Minneapolis Seaboard Tron and Steel Mills Frisco H. M. Beazell P. J. Goodhart & Co John W. Ballmann A. O. Brown & Co Foster & Co Charles BE. Bultman Charles J. Buddeke & Co City Hall Bank Ohio State Teachers’ Association Putin Bay J. V. Freon Alameda Cal Bay Imperial Council of the Mystic Shrine Order Wm. B. Melish Joel C. Clare Eugene L. Lewis Wm. H. Armstrong J. W. Montgomery Imperial Council Business Men’s Club Woodsdale Island Park Cincinnati Traveling Men’s Association Merchants of Cincinnati Associated Banks Oberts, Hall & Criss Newark Stock Exchange Bia American Can Bay State British Columbia Copper Consolidated Refrigerating Green Consolidated Copper Havana Houston Oil of Texas S.se Mercantile Shawnee Internatie Mot Acceetsien Ae Ackay Penne Ewneeneane Idhe Manhattan Transit Co Montreal Boston Mining New Amsterdam Gas Sodas Otis Bvator Royal Baking Powder Éarere Seaboard Air Line Steseded Sedge PD Bpo Occa Sntatenen Ooneddeeaesverss Stardard Peoria Special Dispatch Call Money Time Money Fleischmann St. Ry Rolling Mill Barney & Smith Barney & Smith, cm Fay & Egan Inter. Ry Cleveland School Cin. Link. Fund Union L., H, and P Laporte Co Cin T.P Col. & Xenia Little Miami Tractio Ape L.&t Ohio Tr L&t Cnag Colum Col.Rys. & L Scioto Valley Det UN. Ry Am. R. Mill Arm G.& Os Tob Neye Realty U. . Rinting W. Powell Pr Wurlitzer Atlas Nat Consol J. J F. A M. N F.A Southern Ry. Ter Hamilton County Elizabethtown Eoecell Longview Semen « Armo Reimsbursement Bopy Wothit Cin Edison Ham Mt. Au N.&c Ee & C Det. Darien Let We Iil Ham, & Lind Ieee Ee Int Germt Cc & N Cuyahoga Telephone Co U. S. Telephone Co. Common and Preferred Investment Department Dayton Newark Lima Salem Sherman Tex Oklahoma City the Central Trust & Safe Deposit Co East Fourth Street Thompson-Brown CO Mercantile Library Building Carlisle J.E. Jones & CO Lima, Findlay & Toledo Railway Weil, Roth & CO New Orleans Texas Pacific Ry. Co Ti Southern Ry J. F. Feder Traction Building F.e.webner & CO Accountants and Auditors Ingalls Building First Nat’l Bank Claude Ashbrook Walnut St Sright Yin Cit Cosmo Olitan First N'‘l Norw Union 8. & T Unity C.&c.bdg el. Au Miami West Ohio A&b Eagle Oak L.pr. Am Bullock Ham. Ma.t Li Hoov-O-R Wiles-B.-P Niles T.W Ph. Carey Pr Shillito Co Gias-ao Clearing House Metals Treasury Statement Wall St HH. O. Goldsmith Treas’r Wall St. Information Bureau Broadway, N. Y Bullfrog Fairview Goldfield Manhattan Searchlight Round Mountain Nevada Nevada Mining News Box 124 Nev Chicago Street Improvement S. Kuhn & Sons E. Third St Phoenix Grain & Stock Exchange E. Fourth St Denver R. R Col
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