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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Jun 17, 1906
Page
13
Absence of rain across the Southwest and Midwest boosts wheat, corn, and oats in Chicago trading. July wheat rises. corn and oats hit new highs while provisions gain. primary receipts and shipments noted. weather forecasts predict continued drought.
New York dispatch reports firm grain and commodity markets with receipts and exports for flour rye corn meal and oats. Wheat futures firm on strong hull and rainfall concerns with July and September closes noted. Kansas City and other hubs show cash and futures movements across wheat corn oats and rye with varying basis and prices.
Cincinnati dispatch reports weak cattle trade with light Monday receipts, prices slipping from last week. Hog and sheep movements rise slightly with overall demand steady to strong, markets in many centers showing higher hog prices and uneven sheep and lamb demand.
WOOL. ST. LOUIS, June 16. Wool steady across grades with medium combing and clothing 24a29c, light fine 2da22c, heavy fine l6alfe, tub washed 33a38c. LONDON, June 16. Fourth series auction arrivals amount to 196,644 bales with direct spinners included. Weekly reports show New South Wales 634 bales, Victoria 1,444, Tasmania 38 es, New Zealand 15,512, Cape of Good Hope and Natal 4,834, China 140, Punta Arenas 434, Havre 515, and various 2,090 bales.
On June 16 the New York metal markets were quiet with copper at 38.50 to 38.75 cents, lake copper 18.75 to 19, electrolytic 18.37 to 18.75, and casting factors 3.75 to 5.95. In St Louis on the same date spelter ranged around 5.40 to 5.92 with firm support at 3.00.
The New York dry goods market showed quiet trading on June 16 with no additional price recessions noted. Prices held steady as buyers awaited stronger demand and suppliers maintained current levels amid limited selling pressure.
New York June 16 stock activity hinges on crop progress, with a strong wheat crop outlook contrasting a backward corn season. Cotton values rise as export importance grows while packing scandals dampen meat and canned goods shipments, and railroad finance looms large for upcoming capital needs.
The report urges wholesome disposition to deter improper plunger activity that could affect finance. It notes crop dependence and the potential for better markets if crops develop satisfactorily. Serious crop damage, especially to corn, could trigger sharp market reactions and higher rates that would hurt values.
Articles of incorporation filed include The Ohio Hold-Back Company of Lisbon with 10000, The Medina Granite and Marble Company of Medina with 20000, The Standard Galvanizing and Tack Manufacturing Company of Cleveland with 15000, The Fremont Shirt Waist Company of Fremont with 10000, A Weaver & Sons increase of capital stock for the Fremont firm, The Belleville Oil and Gas Company increase to 50000, The Acme Investment Company of Cleveland with 10000, The J P Davies Company of Dayton with 100000, The Electric Railway Advertising Company of Cincinnati with 15000, The Physicians' Pharmacy Company of Youngstown with 5000, and The Delaware Supply Company capital increase to 20000.
Trading on the London Stock Exchange was dull with a broad price slide. The standout event was the oversubscribed 35 million Irish land stock at 2 percent, while Consols fell as funds shifted to higher yields. Russian news and Paris Bourse weakness weighed on bonds. readings show a general market drift downward with hopes for bank rate cuts and ample money.
Butter and cheese prices show general steadiness across Chicago Philadelphia and Toronto markets. Eggs remain steady at market with notable Western receipts and weekly exports around 18 160 boxes while poultry stays firm with varied prices for live and dressed birds.
The first Georgia peach shipment of 1906 left Atlanta as railroad officials project a record crop. Conservative estimates place exports at 5,700 carloads, surpassing the 4,600 carloads in 184 year and 2,700 last season, with Cincinnati expected to benefit as the main shipping hub.
Oil City notes shows cargoes and balances with Lima shipments and averages. Savannah lists turpentine and resin quotes with prices for several grades and window glass. Wilmington receipts for spirits turpentine rosin tar and crude turpentine reported with firm bids and volumes. Charleston reports turpentine and resin activity quiet.
New York June 16 report shows Clearing House banks hold 7 703 876 above legal reserve, down 88 675 from last week. Loans rise to 1 060 076 400 while deposits reach 1 048 182 100 and circulation falls 444 000. Specie decreases 1 772 600 and ex United States deposits drop 413 100.
The New York coffee futures market opened steady with no immediate business on the call and quiet trading as orders varied little. Closing tones were firm, with prices ranging five points either way and sales at 10 000 bags including June at 6 1/c, July 6.10c, September 6.5c, March 6.75c, May 6.00c.
From Toledo on June 16 prices shown include Clover seed cash 6.85 or October 6.70. Timothy priced at 1.95.
Paris Tex June 16 Attorney for Charles Brown filed a petition in the United States Circuit Court asking the sale of the railroad segments from Jefferson to Paris and Texarkana to Texarkana Junction to satisfy a New York judgment of 5 387 708 against the Mississippi El Paso Eastern Railway. The suit traces a 1866 Texas charter and 1867 bond issue secured by a deed of trust later absorbed by Texas & Pacific.
The Pennsylvania Railroad plans shift Eastern Avenue sixty feet north of Rockwood Crossing to gain direct yard access. The project proposes excavating the street ten feet below current level so trains pass under tracks. Superintendent Jules P. Bouscaren approves the plans, to be presented to the Council for passage.
The Senate passed measures authorizing the Wichita Mountain & Orient Railway to build a line across Fort Sill Military Reservation in Oklahoma and permitting the Chattanooga Northern Railway to construct a bridge across the Tennessee River.
Western Pacific filed fifteen condemnation suits to obtain a right of way along Union Street in Stockton California. The action aims to preclude sharpers from securing options on properties as the company proceeds with settlements with owners.
At a statewide meeting stockholders and trustees amended by laws and the trust deed to authorize a London and Holland bond syndicate to take on 8 million dollars of Alaskan Central bonds. Tanana Construction Co. will complete the road to the Chicalon coal fields 185 miles north of Seward within eighteen months from July 1. F Augustus Heinze of Butte, Montana named a trustee. the rest of the old board was re elected.
Railroad notes report the Master Mechanics' Convention set for Atlantic City on June 18 19 and 20. The Big Four announces conductors will no longer receive bulletins of lost or stolen tickets. G P Rodgers named Auditor of the Ohio River Western Railroad with headquarters at Woodsfield Ohio. E K Woodward named Chief Engineer of the Pere Marquette, to be succeeded by E M Merriwether on the Wabash. The Panama Railroad orders three first class and ten second class passenger coaches from American Car Company plus four combination baggage and mail cars.
Creditors of Harry D. Brown, former Majestic owner, secured a court ruling that the Majestic leasehold is part of Brown's assets. Judge Thompson's decision was upheld by the U S Circuit Court of Appeals, potentially increasing funds available to satisfy claims in full. The Garlay heirs argued Brown’s bankruptcy nulled his lease rights.
In Peoria on June 16 the University Trustees pressed for a separate account of interest earned on funds held by the City Treasurer. Auditor Culkins warns the move would create heavy extra work and shrink net interest unless others seek the same right. The trustees and city officials will meet Monday to discuss the issue.
The Fifth Street Retail Clerks Association moves toward a Saturday half holiday. Executive Committee head J A Molloy of Smith Kasson Company reports retailer support along Fifth street. A follow up meeting Monday evening will finalize measures to benefit local clerks.
Ferdinand Hoffmeister eighty died in New York City earlier this week and was buried in Spring Grove. He co founded the Turner Vereins in Cincinnati with Gustav Tafel and helped establish German Turner societies in America. Hoffmeister leaves one child, Mrs Max Burgheim.
The Fleischmanns commemorated their inherited outing at Manhattan Park with Julius ex mayor of Cincinnati and Max Fleischmann present. Mrs Charles Fleischmann attended as widow and mother of the former mayor. The event featured a Kentucky barbecue for 2500 guests with six roasted oxen and large burgoo servings.
Burglars entered Boss Painter Kliothe’s Glendale home about a week ago and took a letter from a visitor staying there. The letter and a note enclosed by the burglars were received by the Klio the niece in Hillsboro Ohio yesterday. The note asks if the robber’s uncle harmed the victim and mentions a gun by the victim’s head. The mailed letter was sent from Cincinnati and may help police trace the robbery.
The Ohio River at Cincinnati stood at 13.8 feet and falling yesterday. Published notices list scheduled departures from Maysville Louisville Pittsburg Pomeroy Charleston and Vicksburg with times in early to late June and ongoing daily services.
Saturday departures from Cincinnati included The Queen City and Henry M. Stanley to Pittsburg and City of Louisville to Louisville. Arrivals were The Queen from Pittsburg Henry M. Stanley Courier from Maysville and City of Louisville from Louisville. Officials forecast river levels with the Ohio River falling above Louisville though Kanawha causes a rise at Pt Pleasant. Towboats shifted coal upriver to Kanawha and Kentucky River routes. water supplies and canal talks influence summer repairs. A boat trip between Cincinnati and Louisville is planned with passenger exchange at Carrollton.
Central Union Depot ticket office lists Florida Limited New Orleans Limited and Birmingham routes with 8:30 am and 7:40 pm times to several cities. Illinois Central and Kentucky Central divisions show trains from City Ticket Office 423 Vine, Grand Central, and Fourth Street Station with Memphis NOLA and Knoxville Bristol connections. Through sleepers, dining cars, and free reclining chairs noted. Sunday and weekday patterns indicated.
The Cincinnati Georgetown and Portsmouth Railroad lists depot carrel street usage with yellow cars from 413 Sycamore Street and connects at Carrel Street Station. Trains serve Mt. Washington Forestville Amelia Bethel Hamlet Hamersville Georgetown Batavia Russellville Levanna Ripley and others with varied daily and Sunday runs including special Saturday and holiday times.
Schedule shows cars on the Cincinnati Lawrenceburg and Aurora Electric Street Railway from Anderson's Ferry to Lawrenceburg and Aurora starting 6 am hourly until 8 pm and 10 pm. For Harrison service begins 6:30 am hourly until 6:30 pm and 9 pm. Cleves timings listed as from ? am to ? pm with half hour service and fifteen minute runs between Anderson's Ferry and Fernbank from 6 am to 9 am and 2:30 pm to 6 pm.
The Interurban Railway and Terminal Co issues a passenger timetable from Sycamore depot between Fourth and Fifth streets. Through cars to New Richmond and other way points run at multiple morning, afternoon, and late night times on Saturdays. Coney Island service every 20 minutes after 2 PM. Suburban division lists departures to Mt. Washington Amelia Bethel and other points with specific times. rapid railway division shows Lebanon and intermediates at several hours plus Saturday Night and other routes to Norwood Pleasant Ridge Kennedy Silvertom Deer Park every 80 minutes.
Report describes men waiting above a river falls as water runs low and the stream below the falls could dry up, forcing many to lay up until more water arrives to swell the river.
Special dispatches report river gauges and conditions at Warren Oil City Morgantown Greensboro Kitissu rg Steubenville Parkersburg Gallipolis Louisville Evansville Catro St Louis noting river levels from 4 to 10.5 feet, falling or rising, with showers, warmth, and clear spells. several vessels departed or arrived as listed.
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