Bears Again Routed By Leaders of Stock Market
New York May 12 The stock market showed a sharp reaction and then rally as insiders bid to cover shorts. Foreign selling and gold export pressures emerged with rumors about Union Pacific bonds and Rothschilds. Copper and Southern Railway stocks rose while Third Avenue receiver’s report weighed on local trading.
MENTIONED IN THIS ARTICLE
Bears
New York
London
Rothechilds
Union Pacific
Kuhn, Loeb & Co
Pennsylvania
Quincy
Southern Railway
Erie
Third Avenue
Weather Bureau
United States
Roberts, Hall & Criss
Newrk Stock Exchange
American Tobacco
Borden's Milk
Seeesee
British Columbia
Butte Coalition
Chicago Subway
One
Dominion Co
Havana Tobacco
Otis Elevator
United Copper
ORR
Doriyavtore Jaciweie Racccoscaves
Ameri Abul
TICKER TALK London Markets Show Declines and Rumors
London was weak and lower as high officials of the Smelters Company warn the dividend may be reduced or passed. Rumors about C. & O. circulate but lack authenticity. Birmingham foundry trade dull with continued weakness. Forty one roads report a 23.54 percent drop in fourth week of April. Railroads show the smallest March net earnings loss since October due to economies.
MENTIONED IN THIS ARTICLE
Smelters Company
Market Nervous Yet Supported By Big Interests
Brokers report a nervous irregular market ending near the lows on many issues amid profit taking. Analysts say price strength is sustained by powerful interests with a belief in higher levels ahead, though temporary reactions are expected as leaders move unevenly.
MENTIONED IN THIS ARTICLE
H. M. Beazell
Roberts, Hall & Criss
Metals Prices Dull in London and St Louis Markets
London tin closes at 137 5s spot and 136 10s futures with weak local quotes from 30 to 30.50. Copper eases to 56 15s spot and 57 10s futures in London, quiet locally at 12.50 to 12.75 dollars. Lead steady around 13 pounds in London and about 4.22 to 4.27 dollars locally. Spelter down in London to 19 17s 6d while locally 4.55 to 4.65 dollars. Iron mixed with standard foundry 52s and Cleveland warrants 55s. locally No 1 Northern 17.75 to 18, No 2 16.75 to 17.50, No 1 Southern 16.50 to 17.25. St Louis reports Lead 4.10 and Spelter 4.50.
MENTIONED IN THIS ARTICLE
New York
London
Lake
Standard Foundry
Cleveland
Northern
Southern
ST. Louis
Spelter
Coffee futures drifted steady in quiet market
New York May 12 Coffee futures opened steady and closed unchanged to up five points as near months gained some strength. Trade centered on near and July contracts with prices 6.15 to 6.30 for May to July and September 6.20 to 6.25. Spot market held steady with Rio No 7c and Santos No 48c.
MENTIONED IN THIS ARTICLE
New York
Rio
Santos
Cordova
Dry goods market shows fair activity in cottons trade
The dry goods market today in New York displays fair activity in brown and bleached cottons at primary houses with broader buying among converters. Large men’s wear makers plan to hold off spring line openings until July, some June 1. Market remains quiet with foreign houses reporting dearth in business. Linings firmer and better called. More export trade in cotton goods. Cotton yarns firmer with some advances noted.
MENTIONED IN THIS ARTICLE
New York
Memorial resolutions draft for local business leaders
W. W. Finley of the Cincinnati, New Orleans & Texas Pacific Railway visited the market area for W. J. Murphy’s funeral. Business Men’s Club committees will draft memorial resolutions for E. K. Gillette and W. J. Murphy. Visitors registered included L. S. Yukon, G. R. Bush, Frank W. Bark, T. F. Cream, A. L. Blake, William F. Weeks, A. I. Vorys. The National Union lodges will host a reunion at Music Hall on May 16 with speakers M. J. Jeffries and L. A. Burrell.
MENTIONED IN THIS ARTICLE
Business Men's Club
E. K. Gillette
W. J. Murphy
George W. Galbreath
T. J. Corkson
S. H. Wheelhouse
A. H. McLeod
R. R. Budman
T. H. Noonan
Business Men’s Club
L. 8
Yukon
Lexington
G. R. Bush
St. Louis
Frank W. ‘Bark
T. F. Cream
New York
A. L. Blake
Cleveland
William F. Weeks
Pittsburg
A. I. Vorys
Columbus
National Union
Music Hall
M. J. Jeffries
L. A. Burrell
Messrs
Samuel Greatorex
C. N. Cooper
E. N. Mortimer
Stewart Soap Company Elects New Directors and Officers
The stockholders held a special meeting yesterday and elected P. F. Winslow H. S. Winslow Oscar Stoehr W. F. Patterson and A. M. Angert as directors. They organized by electing J. F. Winslow president and treasurer and Oscar Stoehr secretary.
MENTIONED IN THIS ARTICLE
Stewart Soap Company
P. F. Winslow
H.S. Winslow
Oscar Stoehr
W. F. Patterson
A. M. Angert
J. F. Winslow
Bradley Manufacturing Company Incorporation in Columbus
The Bradley Manufacturing Company was incorporated yesterday in Columbus for $25,000. Incorporators include Dc A Bradley William Cromwell H C Bradley Stanley K Henshaw and E O Smith all of Cincinnati. The firm plans waterproof concrete coating production.
MENTIONED IN THIS ARTICLE
Bradley Manufacturing Company
Columbus
Dc. A. Bradley
William Cromwell
H. C. Bradley
Stanley K. Henshaw
E. O. Smith
Cincinnati
Board elects Hooker as president of Receivers and Shippers
The Board of Directors of the Receivers and Shippers Association yesterday elected James J. Hooker president. Theodore Luth was named first vice president Maurice Freiberg second vice president R P Gillham treasurer EB Williamson secretary and Robert West longtime president of the association indicated retirement plans. It is not yet decided who will accompany Williamson to the Illinois Manufacturers Association meeting in Chicago later this week.
MENTIONED IN THIS ARTICLE
The
Receivers and Shippers’ Association
James J. Hooker
Theodore Luth
Maurice J. Freiberg
R. P. Gillham
EB. E. Williamson
Robert West
Mr. Hooker
E. E B. Williamson
Illinois Manufacturers’ Association
Chicago
Bridge plans submitted for expert review by local groups
The Executive Committee of the Associated Organizations and a Citizens' Club of Price Hill committee met at the Business Men's Club to seek expert engineering review of the C. H. & D. bridge. The bridge, built under the Dempsey administration, is condemned as unsafe by the City Engineer. The Citizens' Club will bear the project cost. The group also endorsed the Miami & Erie Canal project and will notify Illinois, Indiana and Ohio Congressmen.
MENTIONED IN THIS ARTICLE
Associated Organizations
Citizens’ Club of
Price Hill
Business Men's Club
C. H. & D. Bridge
Dempsey
Citizens’ Club
Miami & Erie Canal
Illinois
Indiana
Ohio
Markets rally on consols as European bourses firm
London markets show easing discounts and cheerful tone led by consols with stronger buying. Beers and American shares rise. Paris and Berlin bourses firm though profit taking later tempers gains amid mixed trading.
Wool Auctions Open With Large Offerings and Price Drops
London buyers attend the third 1908 auction series amid 10 235 bales of mainly crossbreds. Prices fell across merinos crossbreds and Cape goods. New South Wales Queensland Victoria and other regions listed sales with scoured and greasy values. U.S. markets in St Louis and Boston show dull wool and mixed price movements across grades and regions.
MENTIONED IN THIS ARTICLE
London
New South Wales
Queensland
Victoria
West Australia
New Zealand
Cape of Good Hope
Natal
Punta Arenas
River Platte
Money and Bond Markets Across New York and Boston on May 12
New York reports money on call easy at 1 to 2 percent with dull conditions, sixty to ninety day loans at 2 3/4 to 3 1/2 percent, and prime mercantile paper at 3 1/2 to 4 1/4 percent. Sterling exchange steady with bankers’ bills around 487.30 to 487.35 for demand and 485.10 to 485.15 for sixty-day. government and railroad bonds mixed. Boston notes call loans 2 to 4 percent, time loans 3 to 5 percent, with various bond prices including Atchison, Mexican Central, Union Pacific, and Electric and Steel issues showing mixed activity.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Paris
de Beers
Anaconda
Atchison
Baltimore & Ohio
Canadian Pacific
Chesapeake & Ohio
Chicago Great Western
Chicago
Milwaukee & St. Paul
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
Amalgamated Copper
New York
Prime Mercantile Paper
Sterling Exchange
Boston
Atchison Adj
Mexican Central
Ee Atchison
de Pres
Boston & Albany
Boston & Maine
Fitchburgey
Cee & H
Union Pacific Sidodlamseus
America
Chemical
American Sugar
American Tel
Dominion Iron and Steel
Edison Electric Ilium
General. Electric
Chusetts Electric
Ssachusetts Gas
United Fruit
New York Mining Prices List In New York May 12
New York mining prices list dated May 12 shows values for Adams Con .05 Alice 2.00 Breece .10 Brunswick .08 Comstock Tunnel .7 Con Val and Va .36 Horn Silver .76 Iron Silver 1.00 Leadville Con .05 Little Chief .05 Ontario 4.60 Ophir 2.60 Potosi a Nevada .37 Savage a Te Nevada .37 Small Hopes .18 Standard.
MENTIONED IN THIS ARTICLE
New York
Adams
Alice
Breece
Brunswick
Comstock Tunnel
Con
Val
Leadville
Little Chief
Ontario
Trading Limited to a Few Sales in Municipal and Bond Markets
Cincinnati reports bank clearings of 3 707 700 with New York exchange premiums. St Louis clearings reach 10 788 823 and Chicago 40 368 219 with varied discounts. Market largely firmer on munis, bonds steady, and industrials quiet as money rates ease and call loans fall to 4 percent.
MENTIONED IN THIS ARTICLE
Cincinnati
New York Exchange
Collastral Loans
Commercial Tribune
Chicago
Cincinnati, Newport & Covington Light and Traction
Little Miami
Cincinnati and Suburban Telephone
Cincinnati Street Railway
Hunt Street
Union County
Omaha
Council Bluffs Ss
Elec
Hunt St
Securities and bonds market snapshot with varied listings
The page lists numerous securities including railroad traction stocks and bonds, savings institutions, and industrials. It shows prices such as First N'l Cov 175 and Norw First 143, with ex-dividends noted and preferred stocks like Eagles at 90 to 100, plus industrials like Amer Book at 175 and Niles B P at 150, reflecting a mixed market reading.
MENTIONED IN THIS ARTICLE
First N’l
Colum. Bank & Law. Co
Norw
Do Pr.a.&b
Ind. St. Ry
Shillito Co
Niles T.W
U. S. Lith
Cotton Market Mixed With Firm Spots On May 12
New Orleans reports firm spots at 10 11-16c with 1 450 bales traded on spot and arriving. Liverpool closing higher but futures decline. New York shows modest gains late with July leading, while weather boosts risk. Liverpool and New Orleans futures show mixed moves as markets digest rains and speculation.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool
New York
Coccodes
Iicsocscccee
Hpascccsanys
Cesée Veane
Weather Bureau
Houston
Do Gulf
Dairy and Poultry Prices Reported Across Cities May 12
In Chicago, butter weak while creamery products and eggs held steady. cheese eased slight. turkeys and chickens priced with modest gains. New York notes steady butter and cheese, eggs unchanged. poultry values steady with live and dressed sales. Kansas City reports eggs steady with fresh extras at 15 cents.
MENTIONED IN THIS ARTICLE
Chicago
New York
Western Factory
Kansas City
Ohio Incorporations Filed in Columbus May 12
Secretary of State records list multiple new Ohio corporations including Girls' Friendly Society in Cleveland with officers Margaret S. Peet and Mary S. Paddock, Youngstown Hebrew Institute, Bradley Manufacturing Co in Cincinnati with capital 25000, Gymlactic Filler Co in Cleveland with 50000, plus Dipply Pleasure Club Cincinnati Coney Island Hippodrome Circus Hotel, Komnoko Oil Co Steubenville, Auglaize Oil Co Steubenville, American Brass and Specialty Co Columbus at 30000 and Grafton Lumber and Construction Co Grafton at 10000 among others.
MENTIONED IN THIS ARTICLE
Columbus
Girls’ Friendly Society
Cleveland
Margaret S. Peet
Mary S. Paddock
Sarah D. Williams
Susan S. Pilow
Edith H. Jones
Youngstown Hebrew Institute
Youngstown
Bradley Manufacturing Co
Cincinnati
C. A. Bradley
William Cromwell
H. C. Bradley
Stanley K. Henshaw
E. O. Smith
Gymlactic Filler Co
Myron B. Vease
James R. Gloyd
G. M. Nixon
A. D. Baldwin
W. J. Glidden
Dipply Pleasure Club
Coney Island Hippodrome Circus
Albert Bode
James O. Norris
Fred Phillips
C. H. Woellner
Max Kurzynski
Komnoko Oil Co
Steubenville
Auglaize Oil Co
American Brass and Specialty Co
Grafton Lumber and Construction Co
Grafton
Western Pacific Notes Sold For 15 Million To Fund Completion
The Denver and Rio Grande Railroad acting for the Western Pacific announced the sale of 15 million dollars in two year notes at 6 percent with a three year extension option from 1910. Proceeds will finance Western Pacific construction.
MENTIONED IN THIS ARTICLE
New York
Denver & Rio Grande Railroad
Western Pacific
Delaware & Hudson approves $50 million refunding bonds plan
Stockholders of the Delaware and Hudson Company authorize a $50,000,000 issue of four per cent refunding bonds for at least thirty five years. Up to $25,000,000 will be issued immediately to refund floating debt and fund improvements.
MENTIONED IN THIS ARTICLE
New York
Delaware & Hudson Company
Boston Mining Market Report May 12
Boston dispatch lists percentage bids and standings for multiple mining stocks. Notable figures include Amalgamated 64%, Isle Royale 20%, Osceola 87%, Quincy 82%, Wolverine 133%, North Butte 61%, but most lines are partial or garbled. The report catalogs price movements across a wide array of mining companies and metals.
MENTIONED IN THIS ARTICLE
Boston
Adventure
Allouez
Amalgamated
Atlantic
Bingham
Calumet
Hecla
Centennial
Copper Range
Daly-West
Franklin
Granby
Isle Royale
Massachusetts Mining
Michigan
Mohawk
Montana Coal and Coke
Old Dominion
Osceola
Parrot
Quincy
Shannon Ant Tamarack
Trinity
United Copper
United States Mining
United States Oil
Utah
Victoria
Winona
Wolverine
North Butte
Butte Coalition
Nevada
Arizona
Markets in Cincinnati May 12 1908 Wheat Corn and more
The Cincinnati market report shows quiet wheat with No 1 Northern at 1.08% and steady corn under light receipts. Oats demand limited, rye firm, flour quiet, and whisky firm with widespread price listings for malts, white and yellow wheats, and mixed grains. Reported sales include multiple car lots of yellow ear corn and various lots of oats and hay. receipts and shipments of apples lemons barley lumber and other commodities are listed.
MENTIONED IN THIS ARTICLE
Cincinnati
Minneapolis
Northern
Do City
New Syel
Norv
Fruits and Vegetables Market Prices
A long list of produce and meats with varied pricing. apples at about 2.8 per barrel, asparagus 75 cents per dozen, bananas $1.75 to $2 per bunch, lemons Messina $38.25 per box, Florida oranges $2.75 to $8.25 per box, onions home grown $1 to $1.25, potatoes $2.90 to $3 per barrel, new potatoes $5.50 to $6 per barrel, strawberries $2 to $2.75 per crate, tomatoes $2.25 to $2.50 per crate. meats and groceries include beef plate pricing, short clears, smoked meats, hams, bacon, green and seed products, and various butcher terms and weights.
MENTIONED IN THIS ARTICLE
Messina
Palermo
Florida
California
N. Y
Treasury balances report May 13 shows cash and gold totals
Treasury releases May 13 statement listing available cash balance of 7,591,818 dollars in the general fund excluding the $150,000,000 gold reserve, with gold coin and TY nan totaling 20,866,078 dollars and gold certificates 25 dollars.
MENTIONED IN THIS ARTICLE
Washington
Treasury
General Fund
Light Trade in Cattle and Mixed Herd Prices Across Markets
Cattle trade was light with varied prices across cities on May 12. Steers ranged up to 7.15 at St Louis and 6.25 for dressed beef. hogs and lambs showed mixed movements with top hogs near 5.85 and lambs from 6.60 to 9.00 depending on grade and market.
MENTIONED IN THIS ARTICLE
ST. Louis
Kansas City
Texas
New York
Commercial Tribune
East Buffalo
Pittsburg
Chicago
Available grain supplies show declines across regions
Bradstreet reports reduced grain availability with United States and Canada wheat down 4 068 000 bushels and total American European supply down 6 868 000. Corn and oats also fall, while Port Huron and Goodrich oats rise and Manitoba and Louisville register decreases.
MENTIONED IN THIS ARTICLE
New York
Bradstreet
United States
Rockies
Canada
Europe
Port Huron
Goodrich
Manitoba
Louisville
Dividend Declared by J A Fay and Egan Company May 1908
Board meeting on May 12 1908 declares a 1 percent quarterly dividend on preferred stock from net earnings payable May 20 1908 to holders of record May 12 transfer books closed May 13 to 20 inclusive. A 1 percent quarterly dividend on common stock also declared payable May 20 1908 to holders of record May 1 with transfer books closed May 13 to 20 inclusive.
MENTIONED IN THIS ARTICLE
J. A. Fay & Egan CO
W. M. Green
Dividend Notice for Cincinnati New Orleans & Texas Pacific
The Cincinnati New Orleans and Texas Pacific Railway Company announces a dividend of 1.25 percent on its preferred stock from accumulated income. It will be paid June 1 1908 to stockholders of record at close of business May 16 1908. Transfer books close May 16 at noon and reopen June 1 at 10 am.
MENTIONED IN THIS ARTICLE
Cincinnati, New Orleans & Texas Pacific Railway Company
Cincinnati
A. Telford
Also Mentioned on This Page
Berlin
Charles E. Bultman Company
Ee & Hut
Hutton & Co
George Eustis & Co
Mercantile Library
C. Ly
C. & T. Weve
Norfolk &Western
Rock Island
Weet
Southern R. A
Paul
Union Pact
Car
Weeee
Ween Ene Aeae
Biscuit
Col F
Wee Consolidated G
Dist Securities
General Electric
Sea Seene Enteeens
North American
Tees People's Gas Pacific Mail
Ate
Republic Steel
Aeee Eeebwee
Ry. Steel Ee
Western Union
Etese
Ticker
Birmingham
Metals
Toledo
W. E. Hutton & Co
First Nationalank Building
Mm. F.C. E
Kings Co
SIM IN. P. Gen
TIM LS. &M
M. P. Pr. Ts
Tate
Pa. cv
Uni
Total
W. W. Finley
Exchange
WOOL
Delaine
Kentucky
Missouri
NEW York Mining
Peoria
Special Dispatch
Glasgow
Reich- Wep Scs
Clary Reek Xee Éeewees
Lida Wether Elas’ St Cies Eee
Sterling
Ask
N.O
T.F
Col. & Xenia
Tractio
Co - Ae Iec
L&t
Cin
St. Ry
Colum
Col. Ry. & L
Poles Valley
Am. R. Mill
Jergens
Bar. & Smith
Brownell
Casey-H. Pr
C. Cin
Mil
Globe-Wer
Ham, Ma
Too
Hiney F
Rene
Wurlitzer Co
Hamilton County
Longview
Armory
Benson Street Bridge
Big Miami Bridge
Covington Bonds
J. J
Heeds
Ecbene Agen Water Works
Cin. Hoison
Ham
Columbia Gas
Fay &Eganos
Col
Pa. Bridge
N. & Dist
S. Cov
Lo Cin
C.N
de Diak. fCol
Ivor
Uh Bae
C.b.és
Eee
Panama
Cincinnati Bonds
Consol
S. F
S. A. Je
ABUL
Cseseee
J. Ji
Wal-Bh
F. A
M. N
Beceveeccerlol
Oda Cceneesces Aces - Water Works
Water Works
Aoe
Viaduct
J. D
Gilbert W
Securities
C. J. Buddeke & Co
Union Trust Building
S.cgust
Perro Eee Ree
Wee
Weweee
Tanuety .Creveeeeeee
Reneweneewnne
Delaware & Hudson
Boston Mining
Petro'm
Don. Y
Clover
Timothy
Turkey
Java
Japan
Akron Crescen
New
Treasury Statement
J. A. Fay & Egan Company
Baldwin
Baldwin Company
W. 4Th St
City of
Ss. Kuhn & Sons
East Third Street
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