29 Mar 1914
Page 1
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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Mar 29, 1914
Page
1
Chicago pricing shows corn advancing after major fluctuations as buyers, led by a strong house, absorbed offerings at lower levels. Wheat closes firm while oats and provisions slip. rains in Kansas erase some wheat strength. Public quotes list mixed futures and cash prices for soy and hogs.
Receipts and shipments for the Pas twenty four hours show cattle 386 received with 270 carried over, hogs 2 895, sheep 75. Prices range with light fat butchers in demand, stock cattle and feeders steady to strong, milch cows steady, calves down early but settle. Regional figures from Cleveland Buffalo Pittsburgh Kansas City New York Chicago St Louis reported alongside market shifts and price levels.
Across markets in New York Minneapolis Toledo Duluth and Liverpool traders held prices firm for wheat corn oats and rye amid steady to mildly mixed futures. Export bids remained con tent, with Northern Manitoba and No 2 red hard winter noting gains or steady levels as crop and weather developments in the Southwest loom.
The New York coffee market eased after yesterday's gains with a steady close a 4 to 10 point drop. Prices opened softer and district receipts remained strong while European markets weakened. spot quotes showed Rio No 7 at 8 3 4 cents and Santos No 4 at 11 1 2 cents with futures up 25 to 35 reis on a cable rise.
Cotton markets in New Orleans and New York show volatile moves as heavy rains delay early futures. Prices rose briefly on thin offerings, then eased with weak mill takings, closing steadier in New Orleans and New York with small gains and steady spot middling around 13.5 cents.
Call money holds at 1 to 1 1/2 percent with a ruling rate of 1 1/2 percent. Time bills ease with sixty days at 2 1/2 to 3 percent, ninety days around 2 1/2 to 4 8 percent, six months near 2 1/2 to 2 3 percent. Sterling steady. commercial bills at 4 8 3 percent. Bar silver 58 1 2 cents. Mexican dollars 45 4 3 percent. Government bonds steady. railroad bonds irregular.
The Charter and Public Safety Committees of the club held a joint session to review commission recommendations. Captain J. J. Conway highlighted provisions affecting the Police and Fire Departments as guests from multiple cities attended the meeting.
Norfolk & Southern declares a quarterly dividend while flood damage and weak earnings delayed payments. Continental Paper Bag Company Lehigh Valley Coal Sales United Dry Goods and Corn Products Refining issue regular quarters with varied yields. Standard Oil subsidiary report shows assets liabilities and 80 percent earned on capital. Union Pacific February earnings fall by 512 176, eight month total drop 2 780 571.
Special Dispatch from Louisville dated March 27 reports new Burley and dark tobacco offerings on local breaks with totals and prices. The Louisville Tobacco Warehouse Co notes weekly sales of Burley 38 hhds and dark 148 hhds, with top prices of 15.265 and 10.50 respectively. Prices for dark and Burley at several houses are listed.
On the application of Kansas Attorney General John H. Dawson Judge Flannery of the District Court named receivers for the Wyandotte County Gas Company of Kansas and for the United Gas Improvement Company of Pennsylvania. The action stems from the failure of state receivers of the Kansas Natural Gas Company to obtain a federal court order to transfer assets and funds held by federal receivers.
Market reports from New York Chicago Saint Louis Kansas City Philadelphia and Cleveland reflect steady to firm dairy and poultry prices. Butter and eggs vary by city with occasional firmness. cheese remains unchanged. poultry values show mixed shifts in fresher and dressed stock across regions.
George Koplin of Winterhaven Mississippi formerly sales manager for the Great Western Cereal Company became ill while testifying in the government suit against the Quaker Oats Company under the anti trust law. He left the Federal Building unassisted and testimony was halted for the day.
Evaporated apples show fancy linal2gc and prime values around 9% al014c with firm sentiment. Prunes, apricots, peaches, and raisins remain steady or quiet with overall firm tone in the New York market report.
The report lists crude oil prices in North Lima South Lima Indiana and Wooster with values from 1.44 to 1.91. Linseed futures at Duluth show cash 1.59 May 1.60 July 1.62 Sept 1.63. Turpentine in Savannah firm at 471 cents with 606 barrels sold and totals for begin period.
New York report notes steadier cotton goods markets with more active trade. Wool markets were strong and sales of South American and carpet wools were active. Silk ribbons sold well for sall.
Spring and warm weather boost the clothing trade with strong orders for new styles and weights. Wholesale makers report healthy, near normal sales and satisfactory collections with few credit problems. Made-to-order houses run seasonable business despite weak iron and coal sectors as rural districts drive demand. Soest expands agency network across the South and Central West. A top manufacturer predicts a prosperous year overall.
Representatives of Eastman Kodak and Ansco confirm a secret financial settlement resolving the long running Goodwin patent dispute. The case involved the use of the Goodwin process in cartridge films and cinematograph films since 1898, and would have royalty implications for Eastman for the last fifteen years. Mrs. Goodwin, widow of the inventor, will receive a substantial share.
Senate moves to reconsider after passing a bill to regulate cotton futures. Senator Kenyon aims to reopen debate citing a misread amendment on pooling. Hoke Smith’s pooling condition seeks to curb Patten case prosecutions and enforces delivery and grade difference payments under Exchange contracts.
Frank Warhus pleaded not guilty today to a manslaughter charge in the shooting of his wife Wednesday night. Chief Durkin said the manslaughter charge will hold him for the grand jury as evidence for a possible first degree murder charge is gathered. Hearing continued until Saturday.
Robbers forced a store entrance at 310 East Third Street owned by Jabar Sarkass, a Syrian. They carried off a cash register containing $360 in Syrian notes and $40 in cash, plus an insurance policy, cigars, and cigarettes totaling about $6.50. The register was later found broken open at the rear alley.
The Henry Siegel Company in Boston will pay $132,000 to liquidate interrelated New York house claims. Bank depositors are to receive funds loaned to the Boston estate, with merchandise creditors expected to net 20 to 26 percent. A New York meeting will consider the compromise totaling $224,500 for bank depositors of $2,575,000 in claims.
In New York on March 27 officials from six banks testified before the extra grand jury about ties with Siegel enterprises. One bank says it advanced 200000 on a false financial statement while four others report combined losses of 76000. Siegel and Vogel are already under indictment for grand larceny and banking law violations tied to their failed private banks and mercantile ventures.
Atlanta reports an extraordinary motion for a new trial for Leo M. Frank, condemned for the Mary Phagan murder, will be filed April 16. The motion automatically stays the execution and may lead to appeal to the Georgia Supreme Court. New affidavits claim false testimony, conspiracy, or alibis and challenge notes and hair evidence.
William Strunk, as executor for the Resor estate, files in Hamilton County Ohio a quiet title suit No. 156012 against dissolved Ohio corporations Ohio Life Insurance and Trust Company and Andes Insurance Company and numerous named individuals. Property described as Parcels I and II in Cincinnati, fronting on Front Street and Water Street, seeks to adjudicate and quiet plaintiff title. Defendants must answer by April 2, 1914, or default judgment may be entered. Pogue Hoffheimer & Pogue defend for plaintiff.
William A Hopkins treasurer of H aratten County Ohio petitions the Common Pleas Court of Hamilton County for foreclosure of tax liens on multiple parcels in Cincinnati. The case names Anna P Neave and several heirs with unknown residences, plus other residents and widows, noting they may have interests blocked by taxes. The sale aims to satisfy taxes, costs, and penalties with proceeds distributed by law.
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