28 Mar 1914
Page 1
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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Mar 28, 1914
Page
1
Crop damage and reports from Kansas lift wheat futures while corn oats and provisions fall. Prices show a firm close with wheat up from last night. rains, wind, and dust worsen conditions in the winter wheat belt and support buying.
Cincinnati reports 1 982 cattle 3 765 hogs 208 sheep receipts for March 23 24 25 26 with steady cattle prices and light trade. Hog bids steady to weak with slight gains for some packers and mixed lambs meeting steady to higher demand locally. Other markets in Kansas City St Louis Chicago and Cleveland show varied receipts and price ranges for cattle hogs and sheep.
New York reports mixed grain prices with No. 2 hard winter wheat at $1.01, futures steady after opening navigation. Minneapolis and Toledo list varied wheat and corn values, while Chicago and St Louis show soft to steady trends in flour, oats, barley, and rye amid broad market activity.
March trading data show credit balances at $2.50 with daily runs and averages around 68k to 108k barrels. Savannah turpentine firm reports 240 barrels sold, 251 received, 12 shipped, stocks 12,670 barrels. rosin sales 821 barrels, receipts 1,671, stocks 117,668. Rosin price ranges quoted across grades from 3.75 to 6.00. Crude oil prices listed for Woos pet ca Lima at 1.49 and linseed cash state 1.61 with July 1.63 and September 1.63.
The tobacco market saw light offerings and a modest tone improvement yesterday with prices from 4 to 17 1/4 cents per pound. Globe 52 hhds Farmers and Shippers 1 Bodmann 11 total 155 hhds 61 men crop. no sales planned this week, possibly resume next Wednesday.
E P Marshall vice president of Union Central Life Insurance was chosen by President E W Edwards to represent the Business Men's Club at the Lake Mohonk Conference on International Arbitration to be held May 26 to 30 at Lake Mohonk Ulster County New York. A memorial committee to honor late Abe Block was formed with Dr Edwin H Shields chairing and members Sig Freiberg and William Ornstein.
Cincinnati bankers mourn the death of William F Hoffman 62 president of the Commercial National Bank of Columbus O He suffered heart disease but had shown improvement before the fatal attack He also served as director of Cities Service Company and Ohio State Life Insurance Company.
Cincinnati markets report mixed trading with hay and cereals active while produce holds steady. Wheat and corn show varied bid prices, with multiple car lots sold. butter unchanged, and hay values listed for Timothy, clover, alfalfa, and straw amid broad grain receipts and shipments. prices reflect flood-era conditions and cautious demand.
The Chamber of Commerce board adopted a rule on March 19 allowing interest on hay or grain consignments after five days if full payment is not made, with continued interest until final payment. Visitors included Albert Koch, Clem Hindman, and J H Hanley. Poultry growers eye the exposition hall for a December poultry show. Charles R. Van Hise will speak at the April 17 noonday luncheon on Trust Questions Now Pending in Congress.
Fragmented birth notices list multiple babies with parents and addresses, including several girls and boys with varied surname spellings and locations such as Colerain Montgomery Western avenues and Westwood. Many entries are garbled and partially unreadable.
The Central West coal market shows little change with railroads north of the river improving and fewer idle cars. River tows dominate movement, with about 175 000 tons shipped from West Virginia districts and Pittsburg to Louisville for lower Mississippi distribution. Steam coal runs near normal as spring pricing settles, while cok e remains weak though prepared sizes stay in demand. Miners and operators align on a plan to avert a walkout, boosting sentiment in nonunion southern districts.
The Director of Public Service of Cincinnati Ohio will receive sealed proposals until 12 noon Friday April 3 1914 for manufacturing furnishing and delivering cast iron pipes and miscellaneous items for the water distribution system along Western avenue from Delta to old corporation line. Plans and proposals at Water Works office. Each bid must include a $5000 bond or certified check. The Director may reject any or all bids.
The iron industry reports dull business with shipments steady on order while hesitancy grows over future demand. March sparked a sudden paralysis as fears of further government interference and adverse legislation mount, railroads delay rate settlements, and demand remains weak despite high pig iron prices.
A market report notes muted activity in iron and steel with railroads delaying rate changes and overall demand weak. Furnaces show full bookings for six months, pig iron buyers waiting for stimulus, and finished steel in quiet demand except for small lines. Coke prices hold steady and contractions remain minimal.
The Railway Steel Spring Company directors, while electing retiring officers, did not act on a common stock dividend despite 1913 earnings at about 11 percent. Other regional firms report varied quarterly and annual dividends, with several dates and amounts affecting holders across multiple companies.
A Tuesday meeting in Newark New Jersey brought together commissioners appointed by Chancellor Walker to appraise the stock of the Prudential Insurance Company of Newark New Jersey. The appraisal aims to enable the mutualization of the firm.
New York report dated March 26 notes evaporated apples quiet and firm prune demand barely steady apricots firm peaches quiet and raisins firm, reflecting steady tilt in dried fruit trading.
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