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Newspaper

Cincinnati Commercial Tribune

Location

Cincinnati, Ohio, United States of America

Date

May 06, 1908

Page

8

Effective support lifts New York stock market start

Prices found support at the open as overseas news improved sentiment. Foreign buying and anticipated Union Pacific actions helped steady declines, with rail shares and United States Steel among notable gainers. Bond demand remained firm and bonds traded at par value.

New York St. Paul Union Pacific Southern Pacific Vanderbilt Lines New York City London Paris United States

Ticker Talk on American Stocks in London

American stocks in London held firm with high parity. Harriman shares showed notable strength amid ongoing Afghan situation discussions. London markets reflected resilient cross border trading as analysts weigh economic signals.

London

General Electric Annual Report Notes Dividend Surplus

General Electric reports year ended January 31 shows surplus available for dividends 6 586 000 against 8 437 000 last year. This equals 10 11 percent on outstanding capital stock. Light demand for stocks in loan crowd noted.

Tes General Electric

Market brokers optimistic on short term gains

The opening tone suggested higher levels ahead as short selling and profit taking were absorbed. Trading was dull with a closing bias higher, while borrowing demand for stocks remained strong and bears circulated rumors. Analysts from Hutton Beazell Bultman Roberts Hall Criss Page & Hill Todd assert an optimistic bull view despite cautious activity.

W. E. Hutton & Co March Page & Hill Roberts, Hall & Members New York Stock Exchange American Tobacco Borden British Columbia Copper Dominion Otis Elevator United Copper A. P Daly-West North Butte Trinity Utah Consolidated Green Cananea Davis-Daly. - Eae Cum Ely

Industrial leaders seek site for new plan in Portsmouth

The New Industries Committee of the Industrial Bureau hosted iron industry figures Joseph P. Becht and James L. Romer, delegates to the State Camp of Modern Woodmen of America in Portsmouth, who left for the city for a four day session. Cincinnati Gas and Electric Company directors reorganized and re elected Charles P Taft as president and Theodore Clauss as secretary treasurer with Louis J Hauck as new vice president. The Wholesale Saddlers Association finance committee met at the Linton Hotel to map its Cincinnati convention set for June 8 to 13, with Secretary Taft asked to attend but he declined due to time constraints.

New Industries Committee The Industrial Bureau Joseph P. Becht James L. Romer Woodmen ‘of America Portsmouth Cincinnati Gas and Electric Company Charles P. Taft Theodore Clauss Louis J. Hauck R. A. Holden Holden Wholesale Saddler’s Association Linton Hotel Cincinnati Taft

City and Toledo Railways reach settlement terms

W B Hutton reports a Toledo telegram saying the Council accepted the settlement terms with Toledo Railways and Light Company and an ordinance was passed. The franchise ends in three years, improving chances for a long term franchise. The Phoenix Club met at Ninth and Race, electing Rheinstron president and a slate of officers and directors.

W. EB. Hutton Toledo Toledo Railways and Light Company Traction Company

Money on Call and Rates in New York and Boston Markets

New York on May 5 reports money on call at 1% to 2% with ruling 1% and offerings at 2% and time loans steady to firm from 2 1/2% to 3 1/2% for various maturities. Sterling exchange steady with bankers' bills around 486.85 to 486.90 demand and 484.40 to 484.45 sixty-day. Boston May 5 shows call loans 2% to 4% and time loans 6% to 5% with bonds and railroad issues varying, including Atchison issues, Mexican Central, Union Pacific, and several electric and industrial stocks with quoted prices and asks.

New York Mercantile Paper Sterling Exchange Ilroad Boston Atchison Adj Atchison Boston & Albany Boston & Maine Boston Elevated Fitchburg Mexican Central N. Y Union Pacific Telegraph and Telephone American Woolen Dominion Iron and Steel Bison Electric Illuminating General Electric Massachusetts Electric Massachusetts Gas United Fruit United Shoe Machine United States Steel Cincinnati Clearing House London Glasgow Berlin Paris Oded Ashe Tebe Enlee Mary Sendee Cree

Foreign Bourses Open Steady Amid London Gains and Paris Firm

London shares rose as Indian news spurred bear coverings while American stocks showed morning cheer and Rio Tinto buying for Paris. Consols firmed, copper and Amalgamated Copper rose, and U S Steel and rail names traded higher. Paris and Berlin markets followed London with firm prices and gapped discount rates.

London Stock Exchange T. American Securities Pacific Canadian Pacific New York Paris Atchison Baltimore & Ohio Chesapeake & Ohio Chicago Chicago Great Western 5, Chicago, Milwaukee & St. Paul de Beers Denver & Rio Grande Erie Grand Trunk Illinois Central Louisville & Nashville Missouri Kansas & Texas New York Central Norfolk & Western Ontario & Western Pennsylvania Rand Mines Reading Southern Railway Southern Pacific Union Pacific United States Steel Wabash li Amalgamated Copper Bprlin

Turpentine and rosin price glimpses across ports

Collects price quotes and port reports from Charleston Savannah Wilmington Oil City and Toledo on May 5 6. Turpentine and rosin values shown with varying sales receipts and shipments as markets hold steady with modest activity. Details include 42 43 cents turpentine in Charleston and 41 43 cents in Wilmington with rosin ranges up to 6 10 and 5 80 respectively. Oil market figures from Toledo and North Lima and South Lima show modest varying cents per barrel.

Charleston Savannah Wilmington Oil City Toledo Lima South Lima Indiana

Wool Market Holds at Low Prices Across Regions

Boswon and St Louis report wool markets steady at the lows as New England mills curb activity. Quotations cover Ohio Pennsylvania fleeces and Kentucky Indiana Missouri mixes, with scoured Texas and regional finches showing subdued prices.

Boswon New England Ohio Pennsylvania Kentucky Indiana Missouri Texas St, Louis

New York Bond Sales Summary of Various Issues

A compact report from W. E. Hutton & Co. and First National Bank outlines numerous bond issues with varied yields and maturities. Listings include Cen Ga 21 inc Gen lec cv, N Y C & H R Pa cv 1915 rets, Cen Lr 20-yr, Evga ha, S. F. ref 4s, Int. Paper 5&, Sou. Pac. ref 4s, Texas Pacific Met, Nor Pac and other corporate and regional bonds with prices ranging around 4 to 16 thousand and yields from roughly 5% to 9%.

W. E. Hutton & Co First National Bank Cen Ga. 21 Inc H. R S. F Seeaasaei Laan Sou Pac C. B Hee Texas Pacific Met

Dry Goods Auction Shows Strong Sales in New York

The May 5 carpet auction in New York saw large jobbers handling carpet piece goods. Revisions are underway on ticketed cotton goods by commission houses and inquiries increase for cotton yarn. Dry goods export markets stay quiet while the main sale of the week involves 1,000 bales bound for Red Sea ports at 176 per pound. The fin market remains fairly active and jobbing houses push summer fabrics at attractive prices.

New York Red Sea

Ohio Incorporations Special Dispatch to Commercial Tribune

Ohio incorporations filed May 5 include The Kintner Jewelry and Optical Company in Cleveland with 10000 dollars. The Victor Laundry Company in Cleveland with 25000. The Rheumaline Sales Company in Cleveland with 25000. The Black Cat Glue Company in Cincinnati with 10000. The Crow Wynn Heating Company in Cleveland with 5000. The Williams Metal Weather Strip Company in Cleveland with 30000. The Pitman Educational Company in Toledo with 10000. The John Cashatt Company in Columbus with 25000. Names listed include A B Kintner E H Barrett R S Rogers F A Rogers, A J Myers Hubert Kennedy J N Myler C X Zimmer man Henry C Newhauser T G Nicholson James Nicholson John C Jeler Louis J Hoppe C B Ferguson Edwine Sebhardt W A Gebhart L A De Beard S J Phillips F G Kruger Edw Crow William P Wynn Thomas F Anderson M A Crow D Wynn John E Williams Sam F Grover J T Snow C D Snyder E B R Snyder pone on wie Egelhoff C J Brice E H Wes Jr C J Cherrington.

Commercial Tribune Columbus The Kintner. Jewelry and Optical Company Cleveland A. B. Kintner E. H. Barrett R. 8. Roégers F. A. Rogers E. Witkowsky Victor Laundry Company A. J. Myers Hubert Kennedy John N. Myler C. X. Zimmerman Henry C. Newhauser Rheumaline Sales Company T. G. Nicholson James Nicholson John C, Jeler Louis J. Hoppe C. B. Ferguson Black Cat Glue Company Cincinnati Edwine Sebhardt Vv. A. Gebhart L. A. de Beard J. Phillips F. G. Kruger Crow William H. Farnworth F. H. Tibbetts Henry W. Sprang George. King W. P. McClurg John Cashatt Company Pone Wie Egelhoff C. J. Brice E. H. Wes, Jr C. J. Cherrington

Traction shares rise as bond market stays firm in Cincinnati

Cincinnati and national markets show traction in street railways and utility stocks with Cincinnati Gas and Electric quiet but firm. Bond activity remains strong with Street and Sewer 4s and Cincinnati School 4s leading gains while call and time loans hold near 5 percent.

Toledo Rys. and Light First National Bank Morning Call Cin. Gas and Electric Col. Ga&s and Toledo Rys Light Col. Gas and Fuel Gas and Electric Aog Freeees LO Cincinnati School Reading (Co Middletown (O

Financial market summary from a historical brokerage page

The page lists numerous bonds and securities with prices and yields. It includes city and street names, banks, trusts, and railway issues with varying par values and rates. The assortment features common stocks, preferred shares, and U.S. and foreign issues among listed items.

Cotton Letters Market Commentary From Liverpool to Manchester

Liverpool was easier and Manchester demand appeared. Market opened unchanged with strong demand from extended short interest. After this was supplied the market eased but with no pressure and sufficient selling interest. Brokers foresee a big advance despite bearish sentiment, with cautious stance on pullbacks and the long side favored on soft spots.

Liverpool Manchester W. R. Todd & Co W. B. Hutton & Co

Cotton Market Mixed Across Markets May 5 1900

New Orleans reports steady prices with spot sales of 2109 bales and 1400 to arrive while futures rise slightly on favorable Liverpool quotes and a mixed U S weather outlook. Liverpool and New York show firmer futures and a large day’s volume with American middling around 6.16d to 10.65c and May through March contracts quoted in various ranges.

New Orleans Liverpool Capetende - Legine

Metals Markets Mixed As London Prices Drift

Lead and Spelter held firm in London while local copper and iron moved little. Tin slipped with London futures at £140.17, copper rose to £58, and North region steel foundry prices eased slightly for No 1 and No 1 Southern furnaces.

ST. Louis London Cleveland

Boston Mining Market Report May Day Prices

Boston May 5 market notes list daily bids and asked prices for numerous mining equities. Notable quotes include Amalgamated 61 percent bidding, Calumet and Hecla 650, North Butte 57, United Copper 64, and Ontario area names such as Calumet Arizona 103 with extensive minor fluctuations across many companies.

Boston Adventure Allouez Amalgamated Atlantic Bingham Calumet & Hecla Centennial Copper Range Daly West Franklin Granby Isle. Royal Massachusetts Mining Michigan Mohawk Montana Coal and Coke Old Dominion Parrot Quincy Shannon Tamarack Trinity United Copper United States Mining United States Oil Victoria Winona Wolverine North Butte Butte Coalition Nevada Calumet Arizona Arizona Commercial Greene Cananea

Mining Prices Reported in New York Market

New York market notes from May 5 list prices for Adams Con .6, Alice 2.00, Breese .10, Brunswick Con. .08, overing Tunnel .37, Con. Cal. and Va. 138, Tron Silvey 1.00, Leadville Con. .0, Little Chief . Ontario 4.50, Ophir 2.30, Potosi .14, Sav ge .25, Sierra Nevada .35, Small Hopes .18, Standard 1.65.

New York Adams Alice Breese Brunswick Con. Cal Tron Silvey Leadville Little Chief Ontario Ophir Potosi Sierra Nevada

Treasury balance report shows cash and gold assets

Washington May 5 Treasury balances in the general fund exclude the $150 million gold reserve. Available cash balance is $250,384,009 with gold coin and bullion at $15,448,891 and gold certificates totaling $26,927,720.

Washington Treasury General Fund

Wheat and grain markets report from Cincinnati 1908

May 5 1908 Cincinnati market summary shows Minneapolis Wheat No 1 Northern at 1 09 5 cents, prices for WHEAT CORN OATS RYE FLOUR and HAY with reported sales including car lots of red winter yellow corn white oats and various hay grades. Whisky at 1 35 per gallon and grain inspections plus receipts and shipments figures listed for numerous commodities.

Cincinnati Minneapolis Northern Tim'y Hall Tim

Fruit and meat prices from regional market listings

The listing shows prices for apples bananas cabbage onions and more by crate or box, including Florida oranges Messina lemons and Southern queen sweet potatoes. Meat items include beef by barrel and various ham and lard cuts with price ranges and place names.

Messina Palermo Florida

Cattle and Hog Markets Reported Across U S Regions May 5 1908

Ohio and Pennsylvania markets show light cattle receipts with steady to strong prices. Hogs move quickly with prices $5.70 to $5.85 for good to choice, while sheep and lambs fetch firm to high bids. Regional totals include Pittsburgh East Buffalo Herrs Island New York Chicago St Louis Kansas City and Texas references with varied weights and classes.

Cincinnati Commercial Tribune Pittsburg East Buffalo Herr's Island New York Liverpool London Chicago ST. Loufs Barnes Kansas City Texas

Coffee futures rise as May through December advance

Coffee futures opened steady then gained on May 5 in New York. Traders cited firmer French cables and support from trade interests, with near months holding firm despite some selling against Brazil offers. May sold at 8 cents, July at 5 3/4 cents, September at 6 1/6 to 6 1/6, December at 6 1/6 to 6 1/100. Santos No 4 at 9 1/2 to 12. Mild coffee quiet.

New York Brazil Santos No Cordova

Also Mentioned on This Page

Interstate Commerce Commission Dundee B. R. Sneer Salone Seaton Waterst Annes Delaware & Hudson Great Northern Missouri Pacific Central Rockland St Paw Co Col F and Dron AM WY Consolidated Gas Pacific Mail Republic Steel United State Steel Western Union Archeeeemasenetenee Ticker Alet Harriman H. M. Beazell Charles E. Bultman Company Roberts, Hall & Criss W. R. Todd & Company Phoenix Club Race Sigmund Rheinstrom Ben L. Heidingsfeld Harry Sterne Henry C. Davis Karl M. Gutterman House Alfred Bettmann Samuel Trounstein Jacob, Black Jonas B. Frenkel Meyer S. Rosenthal Louis J. Goldman Edgar Friedlander Leo F. Westheimer Eli Joseph Compose WOOL Peoria Traction Cincinnati Gas and Electric New York ‘Exchange New York Exchange Special Dispatch Railways and Light Neinnati, Newport & Covington Light and Traction Water Works Middletown Newport & Covington Cincinnati Edison Electric Ask Ask. Cin N.C T.P Col. & Xenia Little Miami Cn. & Ham Ohio Traction St. Ry Col. Ry. & L Rys. & L Det. An. Ry Pacts Valley Int Nor, O.l.&t Eee Ask Otte Panama Philippine Am. R. Mill Globe Soap Jergens Globe-Wer Smi Sanves Hinney F. Pr Casey Gam Saly Cim Tobacco Columbia Gas Rob’n Realty Steptoe-Sh Ceyeboss Tel We Ko Ae Pe Ham Powel Pr Foulds M. M Wurlitzer Fleisch Atlas Nat Citizens J. J Er A Southern Ry Seewee M. Gas Teweat Ee Water Works Eee Water Works Estiary Water Works Rennee Water Works Ae Viaduct J. - Dineesebessaeesoeer F. A Svenevees Reesenel O Gilbert W Reem O Peetee Hamilton County Longview Elizabethtown Bridge Ees Pi i _ Sandee Works I. Ee di Wesse Colum, Bank & Say. Co Norw Nor. Nat Nor. Say Dales Say Ks— C.&c.bdg N.C. Br Ecuritirs Augusta Houston C. J. Buddeke & Co Union Trust Building Ope Low Cocecevtes Metals Boston Mining NEW York Mining Treasury Statement Breed & Harrison 302 TEL. Main the Wwarkets W. Watt' Isles O Biss Fruits and Vegetables California N. O Japan le Venedcees Sl Cbs Springers Asb Eense Bushel Jena Ees Eles Baldwin the Baldwin Company W. 4Th St City of Ss. Kuhn & Sons East Third Street Navy Seerae
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