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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Jun 26, 1900
Page
4
The market report notes sharp early gains in stocks and a dramatic cotton rally. Analysts cite dividend uncertainty, improving copper outlook, and expected weather shifts as drivers while Wheat and corn weaken after initial strength. Boston and Liverpool activity feeds global uncertainties.
Wheat swung sharply on the Chicago Board of Trade as large holders sold, dropping to 85 1/2 cents before a Wall Street rally pushed near 86 1/2 cents. Flaxseed jumped 36 cents on dry conditions, while October futures hovered around 150 1/4 to 175 cents. total trade for the day reached about 250,900 bushels.
The report cites strikes in the West as the cause for delaying the acceptance of material produced under orders. No further details are provided about who is affected or the scope of the delay.
Treasury data show May imports and eleven months of the fiscal year ending May totals by major classes. Goods include agriculture, manufactures, mining, forests, fisheries, and miscellaneous, with gold movements and domestic versus foreign merchandise exports totaling about 1.28 billion dollars for the year to May.
Cotton prices swung wildly as rumors and weak receipts shook traders. Early gains gave way to a sharp midday plunge after Dennis Perkins & Co failed, with the market finishing 1 point higher to 12 points lower as weather and crop opinions remained unsettled.
Detroit June 25. The Continental Tobacco Company plant closed by the trust was bought for 200000 dollars in cash by Oren Scotten for a new independent tobacco manufacturer. Scotten will resume operations at once. the plant was long operated by the Daniel Scotten Company before its sale to the trust.
The large Columbus steel plant resumed operations with full force after a weeklong shutdown. The brief stoppage occurred recently, and production has now returned to normal levels.
Washington June reports show May 1900 total receipts of 24,024,774, up 523,962 from May 1899. Spirits lead at 8,060,099 with an 861,854 rise. tobacco declines 215,187. fermented liquors rise 440,382. oleomargarine up 20,614. Last eleven months total 267,211,955, up 19,914,812. Legacies 2,354,270. Major gains include whisky 9,595,947 and manufactured tobacco 4,566,557.
The five dollar silver certificates with a new design appeared today in Treasury pay rooms replacing the old fives. The note features a central Indian head, a blue seal, and a blue curved “V” with the word Five. Officials deem the artistic quality on par with the government’s best issues.
The Kent Home Telephone Company of Kent with 50000 in stock. Rosewood Elgin Butter Company of Rosewood with 3100. Excelsior Hard Rubber Company of Canton with 10000. Co operative Telephone Company of Coldwater with 2000. Kauffman Architectural Company of Cleveland with 1000. Reeves Brothers Company of Alliance with 200000. Trustees of the African Methodist Episcopal Church of Wilberforce. Cincinnati Church Extension Society of the Methodist Episcopal Church in Cincinnati. decree of Hamilton County Common Pleas Court changes the Cincinnati Missionary Society of the Methodist Episcopal Church name.
Chicago June trading saw the September flaxseed contract surge from 148 to 18 as shorts covered amid crop damage reports across the Northwest and a 33 cent rise in Duluth prices. Traders, seeking profits, pushed offerings higher as the market peaked before retreating from the high.
In Louisville Kentucky on June 2 1900s era reports traders say China unrest has hit remote Ken mountain districts impacting the ginseng trade. Prices fell from 375 to 225 dollars per pound for Kentucky product, the lowest in four years.
In Winnipeg on a scorching day a farmer report says 1 800 000 acres are under wheat but 1 000 000 acres will never be cut. The stunted crop six to eight inches high with small heads may not be salvageable. Authorities fear seed and feed supplies will be insufficient despite rain.
New York City bids opened for 3 1350000 3 percent gold bonds redeemable in 30 to 50 years. Eleven bids were submitted, top bid 110 54 per 100 for the entire issue.
Franklin Indiana June 2 Joseph Dunlap dealer in agricultural implements coal lime and owner of grain elevators at Franklin and Trafalgar made a voluntary assignment to E F Barder and W V King The assets are put at about 35000 with liabilities around 32000 Dunlap is a known figure in state politics
The case of A. W. Syrett, who vanished after writing several checks, unfolds clues of a common law wife in Chicago and support funds likely used for her nine year old son. His deserted Cincinnati wife, recently giving birth, remains destitute while Rev. Mathews and his congregation aid her. Police suspect he fled to Canada then England.
Detective Grimsley locked up at Central Station last night Frank Hurley a Buffalo New York baker is charged with grand larceny He allegedly stole a horse and wagon from Mrs Hunkletter in Pleasant Ridge sold them rented a team from Hayman then drove away and was arrested in Hamilton yesterday morning
The Police Commissioners have no regular meeting as Commissioner Henshaw travels to Europe and Commissioner Faulkner is in New York City and will not return until late week. The two remaining members Burgheim and Wing do not form a quorum.
Construction on the Cincinnati Richmond and Muncie railroad advances with about four miles graded between Richmond and the Cincinnati Hamilton and Dayton line. Rochester is planned as the northern terminal to create a direct Cincinnati Chicago route, with trains possible by year’s end. Richmond, subsidized $225000, expects major local benefits and competition against Panhandle lines.
J G Metcalfe formerly with L and N will take over as general manager of the Denver and Rio Grande, with E D Jeffery focusing on the financial end. Rio Grande plans about $600,000 for rebuilding the Silver Cliff branch and nearby Pueblo area improvements.
The Indianapolis to Cincinnati trip on the C. H. and D. line showed a swift passage Saturday night. The train left Indianapolis at 4:38 p.m. eight minutes late and reached Connersville at 5:45 on schedule with an average of 51 mph. Departing Connersville at 7:38 p.m. it arrived Hamilton at 8:26 p.m. at 52.25 mph. From Hamilton to Cincinnati seven stops slowed the return, with no push for a rapid run.
Judge Allen of the United States Circuit Court issued a supplemental order in Springfield appointing EE Hopkins of Evansville as receiver and C C Brown of Springfield as special master in chancery for all undisposed properties of the Peoria Decatur Evansville Company in the case against Central Trust Company of New York.
Auditor Molloy reports May 1900 net earnings of 103 824.00 on gross 442 479.19 against 1899 net 137 812.31 from gross 495 492.09. Expenses and taxes total 338 655.19, raising expense ratio to 76.53 percent versus 66.01 last year.
The Big Four Railway orders 300 coal cars from American Car and Foundry. A Pittsburg to Chicago double track project is planned. The Pennsylvania Company raises the Akron to New York rate to 1350 by arbitration. President Ingalls of the Big Four sails from Liverpool aboard the Oceanic to reach home by the Fourth of July.
Detective Roach and Patrolman Hanrahan led Patrol No to 748 West Ninth Street after reports of movement in a second floor room. No burglars found and no items missing. a first floor window was open. Officer Burke injured a hip in a fall while inspecting the premises.
Platt B. Evans brands Mayor Johnson as responsible for his ouster during a heated Covington Council session. A motion to recess to secret session sparked a chaotic exchange as residents feared violence. Evans alleges the mayor alerted Cincinnati health authorities and pressed him to submit to union pressure.
A newly married couple on Old Orchard Beach imagine a dreamy voyage as a drowned man’s head appears, signaling the dangers of life at sea and future strains in marriage. The piece intertwines romance with a patient’s testimonial for Dr. Pierce’s Golden Medical Discovery and medical advice from his Common Sense Medical Adviser.
A man recounts how chronic stomach illness caused widespread weakness and organ strain, then credits Dr. Pierce's Golden Medical Discovery with restoring health. Testimonies from Chas. H. Sergeant and others claim improved digestion, blood, nerves, and ability to work after six to eight bottles, noting the medicine supports digestion rather than curing all ailments.
Report from Atlanta dated June 2 details the Southern rail wreck near McDonough where thirty-seven bodies have been recovered. Three named victims include D. Griffith, W. L. Morrissette, and J. H. Hunnicutt. Some victims are unidentified and believed to be African American section hands. Rescue and identification efforts continue as traffic may resume in twelve hours. One unidentified body is thought to be W. H. Jensen Sr. of Sugar P. O., Utah.
Frank Hurley, thirteen, of 1221 Main Street, and Harold Witham left Sunday to fish at Little M River. They did not return on Sunday or Monday, prompting police involvement. Family fears both have been drowned as night fell with no word from them.
The Hurrle Window Glass Factory a twelve pot independent plant shut down this forenoon due to intense heat. Shutdown will last until September 15. Mr Hurrle awarded each cutter flat ten dollar stock block and future dividends plus earnings. He traveled to Cleveland where independent glass manufacturers plan to form an association to oppose the trust.
Brig. Gen. Joseph Wheeler assumed command of the Department of the Lakes in Chicago today, relieving Gen. James F. Wade who returns to St. Paul to oversee the Department of the Dakotas. Wheeler plans to stay in Chicago until September 18, his sixty eighth birthday, when he will retire from active service.
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