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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Jun 12, 1902
Page
10
A June 11 report from Columbus states 206 of 258 candidates passed the Ohio bar exam, a record pass rate for recent years. The class will be sworn in next Tuesday at 9:30 a.m. in the South Supreme Courtroom of the new Judiciary Building.
Senator Fairbanks declares support for the Panama route in the Nicaragua Canal bill debate. He argues the Panama plan offers lower costs, stronger title prospects, and a greater national benefit, predicting a $70.5 million advantage and annual savings. The Senate set a final vote for June 19 at 2 p.m.
Senator Fairbanks argues for financing the proposed canal by issuing bonds over several years to ease the burden on the Treasury while channeling funds from progress to avoid delaying public improvements. He also rebuts claims that opponents favor the Panama route. Wellington’s bid to discharge the Privileges and Elections Committee failed 21 to 35 amid broader doubts about popular government and constitutional amendments.
A notice urges readers to recruit nine friends to share ideas in a $34,000 contest offering 1,490 prizes. It emphasizes collective effort to improve chances by submitting estimates for the prize draw.
The Mystic Shriners elected their new officers for the coming term in San Francisco. Henry C. Aiken, G. H. Greene, George L. Brown, Alva P. Clayton, Frank C. Roundy, Benjamin Rowell and Wm. B. Brown were named Imperial Potentate through Imperial Treasurer. The Imperial Council adjourned to meet in Saratoga, N. Y., next year.
Wheat prices zigzag after the government crop report alters expectations with a winter wheat yield cut and a large drop in spring wheat acreage. July wheat climbs then retreats but closes firmer, while corn shows early strength and later declines. Hog and pork prices ease as packers influence markets, with receipts and cashNotations listed for multiple grains and fats.
New York market notes show flour receipts at 17 390 barrels with exports of 6 956 barrels and wheat trade rising on bullish crop hints and foreign support, closing modestly higher. St Louis sees wheat and corn firmer with No 2 red cash around 78 78 1 2 cents, oats up, rye strong, while Baltimore reports dull flour and firmer wheat in spot and contract trading.
Cincinnati and multiple markets report twenty four hour totals with cattle hogs and sheep receipts and shipments. Prices vary by grade from heavy steers to calves with mixed results across regions and weeks. The data include comparative weekly figures and indicate market tone and demand shifts.
June reports from New York Chicago Philadelphia and Baltimore show butter steady to weaker with creameries and dairies posted 18 to 21 and 18 to 19 percent respectively. Cheese remains steady near 9 to 10 cents with various regional quotes. Eggs fluctuated with fresh at 15 to 17 and regional losses noted.
Reports from St Louis Kansas City Pittsburg Louisville and Boston show eggs steady to lower, butter mixed with gains in some regions, and cheese firm. Prices cover creamery and dairy varieties with quoted jumps and declines across towns.
Tin, copper, lead, and spelter prices shown across New York London and Boston markets. Spot tin at 20.50 31, copper ranges 11.70 to 12.60 in New York, London spot 5478 6d, futures 51s 3d, lead around 4.12 1 2, spelter near 4.87, with several U.S. foundry and Iranian warrants listed and mixed mining stock closes in Adams Conn Ontario Is Royale and other firms.
Washington reports the June decision on the Marion Bank project with mention of the Beetle Huber and Thomas J. McMurray application. The press notes Geone Marion Strelitz and the Marion National Bank of Marion Ohio as key entities in organizing the bank initiative.
A promotional plea suggests subscribing to the Commercial Tribune with a $34,000.001 estimate, encouraging readers to stop thinking about it and send in their payment to set the matter aside.
Two Cincinnati concerns W E Hutton & Co and Claude Ashbrooke pursue the Everett Moore holdings in Toledo Traction Light and Power Co. Keene Van Courtland & Co of New York also shows interest. Hutton reports about 40000 shares sold at 26 1 2 percent, a block worth a third of the company. Negotiations have spanned months among multiple interests to gain the Toledo utilities. The Toledo firm consolidates traction light and power operations in the city.
Heavy bidding pushed total offerings to 433 hhds with high prices for cigarette wrappers led by 5 hhds at 20.75 to 24.75 per 100 lbs. Prices for bright goods stayed high as demand among large manufacturers remained firm, while heavy red goods around 6.50 to 6.75 were weakest.
In Knoxville Teérin June 11, D. Palling F. H. Foltz and B. A. Sellers of Lima Ohio became charter members of the East Tennessee Mining and Development Company with capital of 300000 dollars. An open charter was sent to Nashville. The firm plans to develop zinc lands in Tennessee and begin operations immediately, with several hundred acres already purchased in the rich zinc belt.
The Big Four reduced Cincinnati to New York travel to nineteen hours from mid June with a new Century Limited train. The Pennsylvania Railroad followed with a seventeen hour and fifteen minute schedule starting next Sunday via a new Pennsylvania Special stopping only at Columbus Pittsburgh Altoona Harrisburg and Philadelphia with engine changes at each stop.
The Cincinnati Southern Railway Company announces immediate terminal changes in Chattanooga Tennessee. New switch yards will cover twelve acres along the eastern city edge, with plans now drawn and proceeding.
In New York on June 1 dry goods trading remained slow with overall demand flat. Dark fall prints hold steady while print cloths and men’s wear fabrics stay quiet. dress goods are steady in staples though fancies show irregular demand.
Incorporation papers filed in Columbus with the Secretary of State include The Flint Shoe Company Cleveland talstock Worbass Shoe Company Cleveland and Zanesville Art Pottery Company Zanesville. A Valley Literary Club is listed with central stock details unclear.
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