This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 19 articles. Subscribers can read the full text of each article.
Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
May 10, 1908
Page
12
New York reports a buoyant week with broad interest and higher prices reaching the year’s highs. Reading and Union Pacific traded heavily but within narrow limits, while railroads see mixed momentum and copper prices fluctuate amid broader market speculation.
London was irregular with small changes noted in both directions. Union Pacific rose modestly as loan reviews for the week show little overall change. Bond market strength and urgent short covering drove advances in Reading while Hepburn Dill’s commodity clause to remain dormant until test salts are settled.
Brokers forecast further upward drift as prices rise on a clearer political outlook and easy money. Purchases favored of standard issues on dips while investors flood into industrial and railway shares for safety and growth.
The Associated Banks of New York report for the week ending May 9 shows continued factors shaping the banking scene with a surge in surplus reserves of 6.3 million dollars, pushing total excess above legal requirements to 67.1 million. Cash gains reach 9.26 million, loans rise 3.77 million, and deposits climb 11.84 million, lifting required reserves by about 3 million while interior and Treasury funds exceed the need. Public deposits fall about 2.75 million, and state banks report heavy changes with loans up 23.62 million and net deposits up 28.33 million, though cash gains small. Total city bank and trust deposits near 2 billion, with Clearing House banks at 30.24 percent reserve and trust companies at 27.43 percent.
May 9 reports show dull weekly finish in London with easy money and weak discounts while foreigners stayed quiet. Japanese and Russian shares held firm as consols eased. Berlin and Paris bourses were firmer with copper shares weaker and exchange on London noted.
A dense financial wire summarizes bond offerings and trades in New York, listing numerous issues from Interboro to CAM and Pa, with varied coupons and prices. The report notes quantities and yields, reflecting active market participation by banks and brokers.
The first consignment of watermelons arrived in Cincinnati sold at fifty and sixty cents. Visitors to the Business Men's Club included W. H. Parkison E B Beach W E Johnson J L Baker George Cable and C W Berger. The North Fairmount Improvement Association meeting is postponed to host a lecture on tenements by Secretary Hubbard of Associated Charities. Mrs Schoepf reports their son Albin is recovering from surgery in Boston and will return to St George's Newport R I school tomorrow.
Citizens of Newtown voted yesterday to issue 4200 dollars in bonds for drains and ditches by a 71 to 28 margin. Other proposed bonds for streets and lights failed, while two remaining measures also fell short of required majorities. Separate local items include Cincinnati Manufacturers Club events and a Building Association Day planned for June at Chester Park with noted speakers and a convention involvement.
New York banks member of the Clearing House report deposits totaling 1,270,324,900 with specie at 313,304,500 and reserves above the required 2 percent by 63,883,475. Total loans rise to 1,196,342,200 while deposits for all banks and trust companies hit 2,157,183,500.
May 9 reports show money on call and time loans at modest rates in New York and Boston. Sterling exchange firm with bankers' bills around 487.25 for demand and 485 for sixty day bills. Listed bonds include Atchison, Mexican Central, railroad issues, and utilities with varied prices and yields.
New York reported steady opening with unchanged prices. European selling pressure cooled demand while Brazilian receipts remained light. 12 250 bags traded including June 6.10, July 6.20, December 6.20 and March 6.26 cents. Spot steady Rio No 765-16e Santos No 4 8 3/4. Mila quiet Cordova 9 1/2 to 12 1/2 cents.
Lead opens at 4.16, spelter 4.55, with New York not yet moving on cables. Tin ranges 30.25 to 30.45, copper steady with electrolytic at 12.37, while lake ice disorders noted in report from St. Louis and New York markets.
The report notes strong demand for bonds, steady money markets, and active municipal issues led by Street and Sewer 4s, Cincinnati School 4s, and Water Works. Toledo Railways and Light remains a leading security with Cincinnati Newport and Covington Light and Traction showing firmness. Bond quotes and weekly clearings are detailed, with notable activity in Cincinnati and New York exchange premiums.
A dense listing of railroad bonds and securities with prices and yields. Notable entries include Big Four at 105, De C.,H.& D.4igs at 100, Ky. Cent 4s at 81, Miami at 56, Traction Bonds Ind. a PE at 97, Shillito Gon at 130, and U. & Lith. pr.106. Various savings banks and stocks shown with bid and ask values.
The July option shows strong buying by major exporters, with expectation July will outperform October. Traders advise buying cotton on every price dip as there is no solid reason for July to discount fall months.
Cotton futures opened steady with gains in New Orleans and Liverpool while New York saw early strength amid favorable weather. Spot levels held, with middling around 10 3 4 cents and overall activity and receipts modest. markets remained cautious amid narrow trading and varied regional results.
A Railroad earnings report shows four weeks in April yield total gross earnings of 23 318 493 across United States roads, down 19.6 percent from last year. Southern and Southwestern lines report the largest declines, with further losses listed by region and month, including March figures and overall March results.
Treasury balance report from Washington notes available cash balances and certificates. The statement mentions 150 million dollars and access to funds, reflecting the general balance and related figures for the day.
Receipts and shipments for the past week compare with the prior two weeks show cattle hogs and sheep active trading. Cattle: total receipts 4 185 new highs with local and outside demand and mostly cleared. prices steady to mixed with fat steer sales down slightly and stockers steady. Hogs: receipts 19 119 with mixed movement and price volatility. best quality hogs firm while lighter weights harder to move. Sheep and lambs: modest movement around 768 receipts with steady to firm prices, light butcher lambs softening slightly.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.