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Newspaper

Cincinnati Commercial Tribune

Location

Cincinnati, Ohio, United States of America

Date

Jun 18, 1909

Page

8

Stocks Drop Triggers Panic Amid Market Break

NEW YORK June 17 speculators faced a swift stock market collapse with heavy liquidation and widespread margin distress. Bear selling, short covering, and copper trade fears pressured prices while reports on earnings taxes and the Hughes committee influenced sentiment. The session ended unsettled with irregular bonds and $5,042,008 par value sold.

New York Bears London United States Paris Hughes Stock Exchange Taft Shorts

Wall Street Report Highlights and Industry Movements

The Wall Street investigation commission releases its report as labor and industry shifts unfold. Jones & Laughlin Steel raises wages for 8,000 workers by 10 percent while United States Steel expands Gary blast furnace capacity. Transfer of Central of Georgia to Illinois Central is now formalized. The Bank of England leaves its rate unchanged amid improving iron and steel trade reports. Transatlantic Steamship notes passenger totals retreat from expectations. tin plate workers vote to oppose open shop, with Pittsburg not expecting a strike. Paris branch of J P Morgan & Co anticipates longer talks over Steel common listing.

Transatlantic Steamship Company Tin Plate Pittsburg

American Stocks Drift in London Trading

U S market performance shows half capacity shift plans toward Canada over coming years. In London trading American stocks trend weak with the pound near parity. Twelve industrials fall while twenty active railroads rise about 0.3 percent.

London

London Stocks End Quiet with Market Weakness in Kaffirs and Copper

June 17 London market opened with plentiful money and weak discounts. Trading was quiet as Kaffirs and copper shares led early losses, though continental buyers later lifted Kaffirs. Copper remained weak on unfavorable statistics while Consols firmed on a solid bank report.

London Stock Exchange Kaffirs American Securities Anaconda Ange Aes Atchison Pennsylvania Canadian Pacific Rand Mines de Cerone Laddchobbel O Spaeres Southern R. R CMS & St Pes de Beers Wen Southern Pacific Dee Union Pacific Ea U. $. Steel Tg Lee Grand Trunk New York N. Y. Central Illinois Central

Weekly Bank Statements From London Berlin and Paris

The Bank of England reports a rise in total reserves and notes in reserve, with increases in bullion and other deposits and a drop in circulation. The Imperial Bank of Germany shows higher cash in hand and loans, with decreases in discounts and treasury bills and a large rise in deposits. Bank of France notes in circulation fall while deposits and gold holdings rise, and bills discounted increase.

London Bank of England Berlin Imperial Bank of Germany Treasury Paris Bank of France

Treasury balance report shows gold reserves and available cash

The general fund balance excludes the $150 million gold reserve and records gold coin and bullion at 49,584,045 dollars, gold certificates at 23,660,260 dollars, and an available cash balance of 119,993 dollars.

Washington Treasury General Fund

New York Bond Sales Mirror Wide Range of Issues

The day’s offerings list numerous bonds from U S S 8s to Armour 4s and Reading 45s with varied quotes and totals. Among the items are Centennial and Western issues, city and state securities, and corporate debentures, totaling about 5.6 million dollars.

Cincinnati Delegates Return From Detroit Convention

Cincinnati delegates to the national convention of paint men in Detroit returned to the city yesterday. The Cincinnati Furniture Exchange plans its annual outing in Glen Park tomorrow. Gridiron club members hosted Walter Widhgar at a Business Men's club dinner, presenting a clock after his wedding.

Cincinnati Paint Men Detroit Cincinnati Furniture Exchange Glen Park Gridiron Club Business Men’s Club Walter Widhgar F. A. Waldron R. E. Christie E. M. Rowe New York Paul Rousset Paris Walter Franklin Quincy Marshall C. Blain Columbus P. F. Walsh National Daylight Association

Butter and egg prices across multiple cities June reports

Chicago and other markets show butter steady with creamery and daisies quoted. eggs steady with varied case counts. Cheese prices mixed including Young Americas and Long Horns. poultry steady with turkeys and chickens listed. Regional notes from St Louis and Kansas City, plus New York price ranges for butter eggs and cheese.

Chicago ST. Louis Kansas City New York New State Pennsylvania

Money Rates Edge Higher in New York Markets

Money on call sits at 14a2 percent with a 1 percent ruling rate and 2 percent closing. Time loans steady with sixty days at 2 percent and ninety days at 2a3 percent. six months at 3 percent. Sterling exchange firm with bankers' bills at 496.06a486.10 for sixty-day and 487.909 for demand. Bar silver at 62c and Mexican dollars at 44c. Government bonds steady while railroad bonds move irregularly.

New York Prime Mercantile Paper Sterling Exchange Firm

Foreign Bourses Hold Steady Across Markets

Paris prices were steady with three per cent rentes near 97f 47½c and London exchange at 25f 20c for checks. Berlin dull and unsteady as the Reichstag debate looms. Canadian Pacific and Baltimore & Ohio gain while London exchange stands at 2m 43p for checks. Calcutta Bank of Bengal cuts the discount rate from 5 to 4 per cent.

Paris London Berlin Canadian Pacific Baltimore & Ohio Exchange Calcutta Bank of Bengal

Ohio Incorporations Special Dispatch June 17

Ohio secretary of state approves multiple articles of incorporation across cities including Cincinnati Cleveland Columbus Sugar Grove Fairfield county Marietta Berea and Berea. Entities include The National Club company The First Ward Republican club The Franklin Foundry company Albany Oil and Gas company Cameron Mining company and Berea Printing company with stated capital from 4 000 to 50 000 dollars.

Commercial Tribune Columbus William Brokamp Wall Paper Company Cincinnati I. L. Hudde Charles Broadwall Charles 8S. Bell Clifford R. Dickman National Club Company Cleveland W. M. Skiff William H. Thorpe J. M. Johnson R. O. Poag Sugar Grove Fairfield County John R. Bowen Cameron Mining Company Marietta F. K. Cameron Berea Printing Company Berea A. J. Pillars W. H. Morgan R. S. McCauley E. J. Kennedy C. J. Morricey

Baltimore and Ohio Railroad May Earnings Rise and Year Totals

The Baltimore and Ohio Railroad reports May 1909 gross earnings of 5 931 066, up from 5 092 494 and net earnings of 1 808 985, up 725 535. For the eleven months, gross earnings fell to 64 831 438 from 68 172 530, while net earnings rose to 21 493 427 from 17 908 516, with expenses down year over year.

Baltimore & Ohio Railroad Company

Local securities market steady amid subdued demand

The Cincinnati market showed light demand for local securities with Procter & Gamble activity fair near close while Cincinnati Street Railway sold on concessions. Bonds traded in open market as money demand remained moderate. prices for Columbia Gas and Electric and other utilities moved gently amid broader clearing figures.

Columbia Gas and Electric Cincinnati Gas and Electric Cincinnati Street Railway Kentucky Procter & Gamble New York Exchange

Traction and industrial stock listings excerpt

A dense list of bonds prefixed by company names and numeric values shows various traction and industrial stocks. Includes entries for Niles Bank Unity Law Traction Ind Bt Ry Am Oak L and Hoover O R among others with prices and ex-dividend notes.

N. C& Br Hagle Traction Ind. Bt Ry Industr Am.Oak L Bullock Hoov.o.r Niles B Do Pr. A.&b Bhilito Co

Global Cotton Markets See Mixed Demand Across Ports

The report notes steady to slightly firm spot prices in Liverpool and New Orleans with 8 000 and 350 bales traded respectively, and futures showing fluctuations. In New York trading a sharp intraday drop followed by a partial recovery left near months down 1 to 8 points, with overall steady closes and widespread selling by Western and Chicago interests.

Sale of sheepskins held in London as market steadies

A London sale of 9.1% bales attracted steady demand with Americans taking a good share of medium and fine crossbreds. Lambs were unchanged while half-wooled merinos fell 4. Prices by region show varied results from New South Wales to Punta Arenas, with many listings incomplete or garbled.

London New South Wales Queensland Victoria South Australia West Australia Tasmania New Zealand Punta Arenas

Dry goods market shows broader inquiry for fall and spring

The New York market reports increasing inquiries from jobbers and retailers for early fall goods and spring fancy wares. Merchandising remains subdued compared with primary markets. Serges for men's wear are being actively ordered by large buyers, with an advance noted on a leading line of wide sheetings.

New York

Oil and Rosin Markets Across Several Cities June Reports

Market notes from Toledo to Wilmington show mixed activity in spirits turpentine and rosin. Prices firm in Savannah and Charleston with supplies varying. receipts and shipments listed for North Lima, South Lima, Indiana, New Orleans, and Wilmington, plus tar and crude turpentine figures.

Toledo Lima South Indiana Oil City New Orleans Charleston Savannah Wilmington N. C

Market quotations for Clover seed and hay

Toledo Ohio June 17 Clover seed bids listed for cash and futures with prices for October December March and No 2 No 3 and rejected grade plus established grades. Timothy hay prime bids shown with prices and a separate al sike line.

Toledo Timothy Alsike

Wool Prices Quiet Across Grades in St Louis Market

In St Louis on June 17 wholesale wool markets showed quiet trading with medium combing and clothing at 23 to 29 cents, light fine 21 to 214 cents, heavy fine 13 to 21 cents, and tub washed grades around 24 cents depending on quality.

ST. Louis

Metals market round up from London to New York

The report shows London tin and copper prices easing while the local market slips. Lead holds around 4.35 to 4.45 dollars, Spelter trades near 5.37 to 6.42 dollars, and iron prices rise with Cleveland warrants at 48s 3d while foundry pickings vary between 16 and 17 dollars.

ST. Louis New York London Cleveland Northern Southern Southern Soft

Coffee futures open steady then decline on June market

New York June 17 The coffee futures market opened unchanged to five points lower on June with French cables signaling gains. Early activity light but buyers pressed near positions at concessions and the day closed steadier though unchanged to 15 points down. Trading reported 19,250 bags July 6.40 to 6.45, September 5.95, October and December 5.75, spot quiet Rio No.7 8c, Santos No. 49c, Cordova 2c.

Liverpool New Orleans Bears Chicago New York Ssne Gulf Rio Santos Cordova

Commodity prices and securities cited in New York market report

The New York market notes prices for several mining shares and bonds. Alice 2.00 Brunswick Con offered at .05 Comstock Tunnel stock .23 Comstock Tunnel bonds 1.9 California and Virginia .65 Horn Silver .8 Iron Silver 1.50 Leadville Con. .045 Little Chief offered at .08 Mexican .82 Ontario 3.50 Ophir 1.20 Standard 1.75 Yellow Jacket .43.

Allis-Chalmers Amalgamated Agricultur Eiecenaebey Ene Eee Tel and Tel Consolidated Gas Eaalablanea Aeeeee General Electric Interboro Met Epee Enee Inter Harvester Wteee International Paper Oy National Biscuit People’s Gas Pullman Palace Car Railway Steel Springs Estes Republic Steel Eet Eeeeresees Tennessee United States Reality United States Rubber United States Steel Seers Orev Eteeteere Utah Copper Virginia-Carolina Westinghouse Electric Western Union Atchison Epee Atlantic Coast Line Baltimore & Ohio Brooklyn Rapid Transit Canadian Pacific Chesapeake & Ohio Chicago & Alton Chicago Great Western Chicago & Northwestern Chicago, Mil. & St. Paul Colorado & Southern Delaware & Hudson Denver & Rio Grande Erie Iowa Central Kansas City Southern Pereriy Louisville & Nashville Minneapolis & St. Loui M Toaer Nat Ry Mex New York Central Norfolk & Western Northern Pacific Pacific Mail Pennsylvania Gs Cc & St Rock Island ‘Co St L & S. Fran Union Pacific Maryland Wisconsin Central New York Comstock California Virginia Leadville Ontario

Cotton seed oil price report from New Orleans market

New Orleans June 17 cotton seed oil prime refined sold at 5.80 cents per pound. Market notes indicate steady demand and stable pricing for refined oil in early summer trading.

New Orleans

Market Report from Cincinnati Grain and Whisky Prices

Cincinnati market notes list dull wheat and corn with light receipts and steady rye and firm hay. Prices include No 2 red wheat around 1.53 percent with various flour, malt, and whiskey bids, plus receipts for oats, hay, corn, and livestock goods.

Cincinnati Minneapolis Northern Lara S. Sass

Market notes and fruit prices with iron market update

A detailed listing of fruits and vegetables with prices per hamper, bunch, crate, or box, including apples, bananas, beets, cabbage, carrots, celery, cucumbers, lemons, oranges, onions, potatoes, string beans, strawberries, squash, turnips, and salt. A second section reports stronger steel markets with rising pig iron and coke prices and brisk construction activity bolstering demand.

California Florida Rogers, Brown & CO Cincinnati Toal Southern Superior Jackson County Lake Superior

Iron trade shows steady improvement across regions

Matthew Addy & Co reports a growing volume of trade with iron lagging earlier gains but improving conditions. South order books are full, the North sees active buying and firm prices with a rising tendency. Small foundry iron and larger malleable and basic orders appear, with urgent shipments and increased coke purchases signaling prompt consumption.

Burley and Dark Tobacco Offerings Mixed in Louisville

In Louisville on June 1 sales of Burley were light to fair with prices ranging from 13.50 to 19.25 per unit. Dark tobacco offerings were light to medium quality and mixed, with prices from 4.35 to 10.00.

Commercial Tribune Louisville

Also Mentioned on This Page

Ticker Wall Street Investigation Commission Jones & Laughlin Steel Company J. P. Morgan & Co Steel Central of Georgia Iron and Steel United States Steel Gary International Paper Company Canada London Stocks Treasury Statement W. E. Hutton & Co First National Bank Building A Ag. Chem Cent L. S Mer Cent. Lea N. Y S. L U. P Col. Ind. Ls U. P. cv Erie Con TJ Gykts Eek Armiony Erie cv U. S Elec Ae H. V BRB. R. T Southern Rail Ooosaheedaare Int S— Tex. Pac. Fund Aces Eee Wes Abarseere L. cl.Jap UN. Pac NW. .Y Pas K. Ox Ft. Ss Oneeban Waterworks Department Cincinnati Gag Transportation Company Kanawha River H. J. Rhein New York Central Lines Daly Chamber of Commerce W.S. Porter Nashville George W. Blinn Birmingham E. H. Smith Atlanta William Taylor Harris Walnut Hills High School Bethesda Hospital I. L. Huddle Charles Broadwell Charles S. Bell Courthouse Savings Bank W. F. Robertson Thomas Pogue Boyd E. Dilley Joseph Benning H. W. Morgenthaler C. J. Christie Max Goldsmith Jeff Livingston William Stewart John Douglass Dudley Sutphin Roberts, Hall & Criss New York Stock Exchange Crue British Columbia Butte Coalition Metus Dominion Copper Otis Elevator United Copper Fosse Erereeresee Davis-Daly Ely Cumberland-Elyse Eeee Essles Preedeeevas I Lado Nipissing Mines Co Crown Ee Rette Dte Eeldtalke McKinley Ohio Columbia and Special Dispatch Columbia Gas Cincinnati Gas Kroger Col. Gas and Fuel Col. Gas and Columbia Gas and Cincinnati Gas and Cincinnati Street Cincinnati Gas and Elec Hunt Street Wyoming Glasgow Belfast W. C. Gabennesch Id. Aek.: Cin. Int. Ry Col Xenia Little Miami Ask.c N.O T. P Cin Ham St. Ry Hyavesi Det UN. Rys Telen Oha C. B Fey Ohio Traction Ih. Rys. & E Bsgas Scioto Valley Am. R. Mill Jergens Ae Bar. & Smith By & Newpt Brownell Casey H. Pr Es Couam Col. G & F Dion Cuyahoga Fay E. Com Fleisch'n Pr Globe Soap Ist Globe-Wer Stan Lee Incan. L Ph. Carey Pr Steptoe U.S Eee Celivrae W. Powell Wurlitzer Atlas Bank of Cent. Trust Citizens Columbia Fyne Cove Queen City Seeree Panama J. J A. O Pplir SL. Jules F. A Southern Ry Southern Ry. Ter Aes Viaduct Gilbert W Hunt St Hamilton County Elizabeth Bridge Longview Armory Benson Street Bri Big Miami Bridge Covington Ham. Gas Rs & Exean Col. Ae | Cin. Edison U.L RAI A. W W N.&d Bright Cin. Trust City Litan N’l.Npt Ee Colum Bank U.B. & 8. Co Unity Law Traction IT ESC In & N Dayton & x Miami Securities Low WOOL Metals NEW York Mining Columbia Gas. and Electric Co German National Bank Covington, KY Jas. C. Ernst T. T. S. Hamilton Pres’t Geo. E. Engel T. HK. P. Colville Cashier Houston Texas S. Kuhn & Sons East Fourth Street HE Rye Inck Inci Ug Hama Fruits and Vegetables Orig Bite Gee Descreatron Crescent Cleveland Diamond Cincinnati Market Report Java Onghorn Michigan Saciat Action Mess Coe Neds Eau Bbl Tim Tidewater Des x Plain Foundry Oes Sowen Gray Forge Northern Virginia Foundry Weil, Roth & CO East Fourth ST Baldwin the Baldwin Company Asus San Francisco Cal Pacific Asia Congress Honolulu Manchuria Matthew Addy Louisville Tobacco
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