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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Jun 25, 1908
Page
8
New York stock market operations showed a colorless dull session with heavy early selling and rapid stagnation. Factors included illness of the Republican vice presidential nominee, Cleveland's death, and Reading Co coal mine shutdowns signaling weak manufacturing demand.
Articles of association were filed with the Secretary of State in Columbus on June 24. Firms include The H. V. Hartz Company Cleveland $50,000 The Melrose Social Club Cincinnati The Johnson Bible and Faucet Company Upper Sandusky $25,000 The Westerville Board of Trade Westerville The Helmick Oil and Gas Company Coshocton $5,000 The Duncan Oil Company Youngstown $10,000 The Orange Oil and Gas Company Sidney $10,000 The Wayne County Telephone Company Wooster $10,000 The Calvary Evangelical Lutheran Church Cleveland Adams Avenue near East 105th Street The Forest City Oyster Company Cleveland increase capital to $20,000 The Adjustable Callet Company Cleveland increase capital to $25,000.
Louisville market summary shows 168 hogsheads of burley and dark tobacco offerings totaling 168, with 185 original inspections 28 reviews and 11 rejections recorded yesterday. Price range spans 9.90 to 21.50 dollars for burley and 6.80 to 12 dollars for dark, reflecting varied grades.
The cotton goods market was quiet with jobbers’ clearance sales underway and satisfactory daytime activity. Silk piece goods and ribbons rose due to higher prices for ran silk. Hosiery and underwear trade shows slow signs of recovery.
Harry L. Manns of the Board of Public Service will escort the Knockers of the Business Men's Club to the new Water Works on Saturday. The Cincinnati, New Orleans & Texas Pacific Railway Company's second week of June earnings were 133206, down from 182414 a year earlier. Foster & Co. will become Foster & Co. as L. W. Foster retires. Samuel Foster takes his place. The Western German Bank declared a 4 percent quarterly dividend payable July 1, with transfer books closed until payment. Visitors yesterday to the Business Men's Club included A. J. Brown Grand Rapids Ind BR. P. Bronham A. W. Hawker Chicago W. S. Clark New York.
A S White president of Columbia Gas and Electric Company applied for Chamber of Commerce membership. He will join new members inaugurated on Great Manufacturers Day July 1. Southern railroads rate clerks met at the Grand to discuss summer plans and fixed excursion rates along the lines.
S. Kuhn & Sons report strong call on subscriptions for 200000 perferred stock of the Cincinnati Abattoir Company. Subscriptions close at 3 pm this afternoon with expectations of oversubscription. A petition to place the Cincinnati Park Commission question on the November 3 ballot circulated yesterday to the Hamilton County Board of Deputy State Supervisors and Inspectors of Elections.
Frank W. Hill J H Hart W A Johnson and L E Wirthheimer depart Cincinnati locals for Columbus to attend the Supreme Council annual meeting. The gathering will run three days and elect officers of the council.
The Cincinnati Convention League seeks to bring the 1910 General Federation of Women's Clubs meeting to Cincinnati. A telegram to Miss Anna Laws and Cincinnati delegates from W B Mellish and Mayor Markbreit offers no city funds for expenses if Boston agrees to host. A Federated Improvement Association committee was named to plan Notification Day for Taft and to organize an outing and banquet at Chester Park in late July.
The Treasury statement shows available cash balance 296,906,128 dollars, gold coin and bullion 83,516,548 dollars, and gold certificates 30,552,770 dollars, excluding the 150 million dollar gold reserve.
The report lists varied bond sales including Kings County, New York City and Union Pacific issues with prices around 94 to 110 percent, detailing multiple lot sizes from 1,000 to 20,000 plus and noting total sales.
Quotations last set at the Stock Exchange and outside show active municipal issues and easy money rates. Trading on the open market was nearly at a standstill with little stock movement, few sales, and a generally quiet bond market, though some municipals showed premiums.
Daily financial bulletin lists money on call, time loans, mercantile paper, and sterling exchange. Also prints government and railroad bonds, miscellaneous equities, and a wide range of commodities including pork, meats, lard, and feathers with prices from New York and Boston markets.
London stocks were steady with firmer American securities and a bright Grand Trunk tone. Paris and Berlin bourses showed firm and dull activity respectively as exchanges closed with modest gains and unchanged quotes amid mixed the day’s trading.
Cotton prices in New Orleans ease 1 16 cents on spot while futures rise. July option up 1 point. others up 7 to 8 points. Liverpool improved spot signals. day sees profit-taking and bullish late session on favorable weather and Marston antifuture bill setback in Louisiana Senate.
Wheat prices steady with No 1 Northern at 1.06 and receipts moderate. Corn and oats show steadier tones while rye dull and flour quiet. hay firm on light arrivals. Reports include grain inspections, receipts and shipments figures across wheat, corn, oats, hay, mill feed, rye and whisky.
Summary of dairy and poultry price reports from Kansas City New York Chicago and other markets. Butter eggs and cheese shown with receipts and varying price ranges for fresh extras creamery and firsts. Poultry prices for alive birds and dressed meats listed with regional differences.
The New York coffee market opened steady to slightly higher on June 2 to 4 with European offers and moderate trade demand. Total sales reached 15,500 bags including June and July at 5.90 cents, May at 5.90 cents, Rio No 7 at 64. Santos No 4 at 8 1/8, Cordova 9 1/2 at 24 1/4 cents.
The report lists daily quotes for numerous mining stocks led by Alice at 3.00 and Ophir at 2.20 with diverse prices across Brunswick Con 0.05 Comstock Tunnel stock 0.34 bonds 0.18 Con. Cal. and Va. 0.47 Horn Silver 0.50 Iron Silver 0.85 Leadville Con. 0.08 Little Chief 0.05 Mexican 0.33 Ontario 0.05 Small Hopes 0.18 Standard 1.75 Yellow Jacket 0.50. June 24 market data from the New York exchange appears in this catalog.
A Boston wire service rounded list shows daily mining stock figures for many firms including Amalgamated, Calumet and Hecla, United States Mining, Michigan, Centennial, Isle Royale, Utah, Nevada, and more with percentages and percentages-like figures following each name.
The Iron Trade Review reports continued activity in iron and steel bars with railroad demand for repairs and maintenance. Western rail lines order immediate track and rolling stock repairs, while agricultural equipment demand rises. Prices vary by region. soft steel bars hold, but rerolled old rails fetch lower quotes amid cautious labor conditions.
In St Louis on June 23 the wool market remained steady with medium grades for combing and clothing at 13 percent, light merino wool at a modest level, heavy fine washed wool around 19? per pound, and tub-washed wool quoted at 19a.
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