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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Jun 29, 1902
Page
15
Wet weather limited upside as traders awaited outside business. September wheat rose modestly while July corn and September oats edged higher. provisions held steady. Copious rains in the Southwest damaged harvest and Paris prices climbed on unfavorable weather.
Wheat and corn move with mixed tone across markets in St Louis Baltimore and Toledo on June 28 with No 2 red wheat around 70 percent and corn around 66 to 64 cents while oats rise and rye holds firm. Pork and lard steady in St Louis with pork around 18.75 and lard at 10.2.
The June 23 market report notes a practically inert general stock list with only select speculative moves in a few stocks. Bank conditions remain stable, with no notable recapitalization, while expectations of loan shifts loom for Monday.
The weekly statement of the averages of the associated banks reports gains in loans of 4,856,400 and in circulations 4,000, with a legal increase of 1,697,500. Specie stands at 78,684,800 as part of the overall figures.
The market shows little new business with activity stalled until after July 4. Demand remains dull except for hosiery materials which are being purchased.
Oil City reports credit balances at 1.22 with no bids for certificates. Toledo notes oil at North Lima 8c and South Lima Indiana Sc. Wilmington lists spirits turpentine quiet at 45c, rosine steady 1.10–1.15, crude turpentine firm 1.40 2.50 32.60, tar 1.50. Charleston and Savannah updates show unchanged turpentine, varied rosin pricing, and related glass and water white values.
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