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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Jun 16, 1900
Page
4
Market notes show Thursday slump in cotton futures with a partial recovery early Friday as traders assess demand, weather, and shipping data. Prices firmed modestly, aided by speculative buying and easing concerns over supply.
Structure steel price cut to 40 a ton aligns with pig iron declines. Cotton futures steadied abroad with mild gains and domestic demand seen for the crop remnant. Dry goods imports and seaboard clearances mixed as Amalgamated Copper and other stocks move, with notable activity in Bay State Gas and Otis Elevating.
Pittsburg June 15 The National Steel Company will join the rail pool, adding its Youngstown works to the market. Pool members include Carnegie, Lackawanna Iron and Steel, Maryland Steel, Pennsylvania Steel, Cambria, Illinois Steel, with prices at 388. The move aims to maintain rail steel prices.
Washington June 15 Comptroller extends corporate existence of The First National Bank of St Paris Ohio until June 15 1920. Also issues certificates to commence business The First National Bank of Ada with capital stock 25000 Justin Brewer president Clyde Sharp cashier and The City National Bank of Dallas with capital stock 100000 Robert Miller president J Osborne cashier and others listed 1920 date reference.
Secretary of State Kinney previously refused a charter for the American Bridge Company over an absorb clause that could place it under antitrust law. The objectionable feature has been removed and a charter will issue.
Franz Krein district manager of the St. company was in Jeffersonville yesterday and closed the Standard Chain works the local plant. Employees received their final pay as the site wound down after the visit.
The College of Music closes its academic year with a commencement at the Odeon. Dean Van der Stucken conducts a program by the college chorus orchestra and soloists. Diplomas and certificates plus ten Springer gold medals will be awarded to named graduates and performers.
The report attributes the dull trade in the line to excess supply and weak demand. Producers and merchants say inventories remain high while consumer activity slows, prompting cautious pricing and reduced buying.
Special Despatch reports several incorporations and capital changes in Cleveland today. The Cleveland Telephone Company increases capital from 3 million to 4 million dollars. Other filings include reorganizations and name changes for local fraternal orders and several small companies with varying stock totals.
Christian County Grand Jury returns indictments against five large coal mining companies and eight local dealers for extorting money by unlawfully combining to maintain elevated coal prices.
The Northern Pacific Railway directors announce an additional 1 percent dividend on common stock for the past six months, on top of the regular 1 percent quarterly dividend on preferred shares, in New York.
Geneva Ohio June 15 The Geneva branch of the American company will be removed to Shelby in a few weeks.
Weber's Military Band performed at the Zoo last night with the descriptive number A Musician Astray in the Forest and Beethoven's Leonore overture. A promenade concert is planned for Sunday evening plus a grand fireworks display.
A large vaudeville bill is planned for the Chester Park Bijou tomorrow with a Prof. Busch balloon ascent in the afternoon and a thousand visitors expected. Lagoon’s coming week features Billy Vat the Black-Faded comedian the Three Sencrants and other acts, plus Neilson Sisters and more.
The Ladies' Musical Club gave a Norwood Town Hall recital with Mrs. Arthur L. Pope and Miss Sue K. Tinsley as soloists and a large audience in attendance. Sister Clarissa of St Elizabeth's Church died suddenly at 27 from appendicitis. Requiem mass was set for 7:30 AM and interment in Delhi. Local civic notes cover Norwood High School outing plans, a fishing camp on the Littlepool River, and officer elections for the First M E Church Norwood Women’s Foreign Missionary Society.
Thibuné reports on streetcar workers and police involvement in a city incident. The piece references a railroad carriage and a watchful stance by the Commercial newspaper, dated Sunday June 24.
Officials from Covington, police, and fire departments joined mourners as William McQuery was buried at Linden Grove Cemetery after a fatal shooting while attempting to arrest Bishop and Lyons. The service was led by Rev. C G Jones with Rev. Perry assisting, and a large crowd gathered outside the late home and along the procession corridor.
Southern Pacific officials report a snag as Christian Endeavor delegates refuse Sunday travel. The Nickel Plate will shift a West to Boston party’s departure from Sunday night to 12 01 AM Monday July 2, avoiding a delay while Chicago negotiates a route. Western delegates will ride much of Sunday en route.
A committee of the Central Freight Association has reported favorably on restoring old lumber rates. If adopted, present charges would fall from 2 to 1 percent per 100 pounds, affecting lumber shipments to Chicago while lowering rates for St. Louis and other points.
The Big Four added two sleepers to the Knickerbocker at 9:05 PM from the West carrying delegates to the Republican National Convention in Philadelphia. One car held a St. Louis party and the other Little Rock politicians. Both trains were routed via the Chesapeake & Ohio to Philadelphia.
Rumors say Western lines near a money pool for competitive freight business. The Interstate Commerce Commission reportedly advised the President it will not pursue legal steps to block pooling. If pooling is pursued and challenged, roads may unite to seek a constitutional ruling on pooling commissions. Past pooling efforts besides straight money pools failed to hold rates.
Information from the South Pacific Headquarters indicates Collis P. Huntington has acquired the remaining interests in the Central and Southern Pacific combination by purchasing the Searles stock. He now reportedly holds 4 260 000 of 9 000 000 shares with Speyer & Co Kuhn Loeb Co arranging the deal. Remaining shares are dispersed among former stockholders and other hands.
Prediction says Benjamin Norton will become General Manager of the Clover Leaf as the reorganized company forms with Receiver Samuel Hunt stepping aside. C F Franklin of the Ohio Southern named Superintendent. Changes expected in master mechanic and general roadmaster offices. J C Sherwood remains Superintendent and Thomas Morris roadmaster.
At Tadidha representative of the Brotherhood of Locomotive Firemen arranged the Seymour Lodge No. 457 annual outing. Firemen and families will travel from Seymour to Fern Grove via B&O through Jeffersonville on July 31, marking the fourth annual affair.
Western lines adopt open form tickets for the Democratic National Convention within 200 miles of Kansas City and new tariffs may hit coal grades in Southern Illinois and Indiana. Cincinnati Hamilton Indianapolis Railway directors elected include Ward, Jacoby, Campbell and others. proxy stock votes lead the majority, with a strong year noted for the line.
Deputy Al G Field and Recorder Neville Williams of Columbus visited Cincinnati Elks last night as guests. The event highlighted ongoing fraternal activities and regional Elks cooperation.
Postmen are advised to consult the Sunday issue of the Commercial Tribune dated June 24 for notable items of interest to carrier staff. The note highlights material relevant to their duties and forthcoming features.
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