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Cincinnati Commercial Tribune in Cincinnati, Ohio

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Newspaper

Cincinnati Commercial Tribune

Location

Cincinnati, Ohio, United States of America

Date

May 23, 1908

Page

8

Speculative Interest in Stock Market Subides

New York May 22 The contraction in stock dealings today showed a subsidence of positive interest with sales for the session the smallest of the week. Movement was confused. a government antitrust suit against the New Haven system weighed on sentiment. Pacific Mail spiked on subsidy news and copper and Amalgamated Copper declined. United States Steel rose early but moved sluggishly. bonds were heavy with total sales at 4 546 000 par.

New York Transac New Haven Pacific Mail National Lead London United States Steel

Ticker Talk Shows Americans Firm and Markets Easing

Americans firm and higher as foreign money markets report easier conditions. Copper stocks strong in London. Dun's Agency notes brilliant crop prospects with corn planting delays. Light demand for loan crowd stocks and improving inquiry for second class bonds including convertible.

Dun’s

What Brokers Say On Daily Market Movements

Market shows shifting unsteady character with rallies and reactions and overall weakness at close. Prices swing violently with Union Pacific moving more than five points intraday. Analysts cite lack of news, short-covering, and renewed bidding as signs stocks may be bought near week end.

H. M. Beazell

Market Holds Steady Amid Cautions On Buying Dips

A period of quiet traded with weakness as brokers warn against chasing highs and suggest awaiting price drops to buy. The text notes wide fluctuations under a manipulative policy and a generally soft close, signaling cautious sentiment from W. R. Todd & Co.

W. R. Todd & Co

Wool and Wool Market Notes from London and Boston

Wool prices in St Louis and London show mixed activity with fine merinos slipping and crossbreds active. Boston reports growing confidence as worsted mill demand rises and shipments for the year fall behind last year’s totals.

ST. Louis London Cape of Good’ Hope Natal New South Wales Queensland Victoria Tasmania New Zealand Cape of Good Hope Boston King

Coffee futures open irregular as market shows quiet demand

New York coffee futures opened irregular with a small net move, brokers noting light activity and little foreign market influence. Prices edged down modestly on scattered liquidations, with daily sales totaling 8,000 bags and July at 6.10 cents, September and December quoted 6.05 to 6.10 cents. Rio No 7 6 76% Santos No 48% Cordova 9% to 12%.

New York Rio Santos Cordova

New York Bond Sales Report Broad Totals and Listings

A dense record of bond offerings and sale results from New York, listing issues by several issuers and their prices, percentages, and volumes. Items include rail and utility bonds from firms like Rio Grande and Mackintosh, with cross references to Cuba and Japanese 4 percent notes, plus intercity electric and railroad securities and totals reaching thousands of dollars.

Bank President Plans Bond Firm and State Accountant Appointments

H Kellogg retiree from Third National Bank will form a bond firm. Guy H Kennedy of Cincinnati J S Goodloe of Columbus and J F Kaufman of Canton named to Ohio State Board of Accountants by Governor Harris after solicitation by the Ohio Society of Public Accountants. Day and Night Tobacco Co turned over to American Tobacco Co, new name Er ton Tobacco Co. Also mentions a Dayton Dayton area traction line and old Gamble road usage into Cincinnati. Thomas P Egan of J A Fay Egan Co elected Ohio Vice President of the National Association of Manufacturers at the New York convention. Egan was originator and first President of the association.

Guy H. Kennedy Cincinnati J.S. Goodloe Columbus J. F. Kaufman Canton State Board of Accountants Harris Ohio Society of Public Accountants Day American Tobacco Company Will Beerton Tobacco Company Zanesville, O Ft. Wayne Dayton Gamble Road Brighton Cheviot T. H. George Thomas P. Egan J. A. Fay Egan Co Ohio National Association of Manufacturers of the United Cincinnati Stock Exchange Baker Court Trent Hotel Company of Stock Exchange W. B. Hutton & CO First National Bank

Market reports show firmer shares and cheap money

London markets ease on discounts while gilt edged securities gain. American and European shares rise with Union Pacific and coal stocks leading in a buoyant morning, then quiet afternoon. Berlin and Paris bourse firm on New York cues with London exchange cited.

London Tock Exchange Bank of England Hudson Bay Union Pacific New York Anaconda Atchison Baltimore & Ohio Canadian Pacific Chesapeake & Ohio Chicago Great Western 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 United States Steel Wabash Amalgamated Copper Berlin Paris Exchange

Market Report Sees Steady Eggs Butter Cheese in NYC and KC

Kansas City notes eggs steady and fresh extras 16c, current receipts. Chicago report shows butter steady and creamery products firm with daisies 24c, twins 10 1 4c, young Americas 12c. Poultry prices listed for alive and dressed stock, per dozen and weights. New York data records butter, cheese and eggs steady, with poultry prices for alive and dressed stock across categories.

Kansas City Chicago New York

Mining Stock Quotations from Boston Market Report

Boston May 22 list shows numerous company names and fractional quotes across mining and metals stocks including Butte, Calumet and Hecla, Tamarack, United Copper, Calumet and Arizona, Arizona Commercial, Green Cananea, and Wolverine. Prices and percentages vary with many entries in single digits to triple digits.

Roberts, Hall & Criss New York Stock Exchange American Tobacco British Columbia Butte Coalition Chieee Colony Subway Nantes Dominion Copper Havana Tobacco Otis Elevator A. P. Com Ppr Daly-West North Butte Utah Boston Adventure Allouez Amalgamated Atlantic Bingham Jie Calumet Hecla Centennial Copper Range Franklin Granby Isle Royale Massachusetts Mining Michigan Mohawk Montana Coal and Coke United States Mining United States Ola Victoria Winona Wolverine Nevada Arizona Arizona Commercial Green Cananea

Tidewater Company notes attract heavy mortgage security backing

Subscriptions are being received for 17 million dollars of Tidewater Company 5 percent five year guaranteed notes secured by 33.5 million dollars Virginian Railway first mortgage bonds and 3 million Virginian Terminal Railroad bonds. Rogers deposits over 10 million in standard securities yielding 700 thousand annually. notes convertible to bonds at par.

Messrs. Redmond & Co Equitable Trust Company Tidewater Company Virginian Railway Company Virginian Terminal Railroad Company Rogers Standard Securities West Virginia Ocean Norfolk & Western Sewall’s Point Virginian Terminal Railway Company Tidewater Road Sewell’s Point Virginia Henry H. Rogers

Traction stocks active as bonds steady in Cincinnati market

In Cincinnati trading the traction stocks were active while the bond market remained quiet. Street railways Cincinnati Street Railway and Cin, Street Ry showed firm prices, and Cincinnati Gas and Electric trades appeared steady. Bond activity included Hamilton County Bridges 1918 4s and Nashville 4s with varied prices, and call loans easing to 4 percent with some at 5 percent.

Cincinnati Street Railway Cincinnati Newport and Covington Light and Traction Toledo Railways and Light Philip Carey Hamilton County Nashville Tenn Cincinnati Edison Electric New York T. Pr Toledo Bus. & Light Cin Gas and Electric Fifth National Bank Street Ry Hamilton Co Nashville (Tenn Am. R. Mill Globe Soap Edkiccs Jergens Globe-Wer Eo & Smith Ham. Ma Tool Spolae By & Npt Hous Stan Brownell Hueb Casey-H Ch. C Kroger Nat A. F Carey Pr Gam Rob’n Realty Columbia Gas Col. Gas & FF Cuyahoga Tel Ham. G.& B Atlas Merch Consol J. J F. A M. N Southern Ry J.day Romney Newport Bonds Water Works

Money on call easy as markets drift in two cities

New York reports easy money on call at 1 percent with the ruling rate 1 percent and six month bills at 3 percent. Sterling exchange steadies, bankers bills around 487.25 for demand and 485.25 for sixty-day bills. Boston notes call loans 2 to 4 percent and lists mixed bond and stock quotations across various rail, electric, and manufacturing names.

New York Ask Oceewe Leo Spaeens SP Cacarieee Panama Cincinnati Paris Reich- Parp Ps Coie Reich- Moope Wc SUE Ter Acetic Dows Cotions Prime Mercantile Sterling Exchange Boston Atchison Adj Atchison Boston & Albany Boston & Maine Boston Elevated Fitchburg Mexican Central N. Y Union Pacific American Arge. Chemical American Telephone and Telegraph American Colon Edison Electric Illuminating General Electric Massachusetts Electric

Ohio Incorporations File Today in Columbus

The list of new Ohio incorporations includes Phillemac Rolling Mill Company in Cincinnati with 40000 dollars led by Nelson B. Cramer and others, Nelsonville and Murray Home Telephone Company in Nelsonville with 50000 dollars, Lorain Iron and Steel Company in Lorain with 10000 dollars, Farmers Creamery Company in Hamer s ville with 6100 dollars, Wayne Manufacturing Company in Dayton with 25000 dollars, Ansonia Knights of Pythias Lodge No 856 in Ansonia, St Henry Glove Manufacturing Company in St Henry with 6000 dollars, National Company contracting and constructing in Cleveland with 25000 dollars, Dorset Milling Company in Dorset increasing capital stock from 8000 to 12000 dollars, and other named individuals.

Commercial Tribune Columbus Phillemac Rolling Mill Company Cincinnati Nelson B. Cramer W. R. Bass Joseph K. Cole Prescott Smith William C. McLean Nelsonville Cc. F. Adams Farmers’ Creamery Company Hamersville Wayne Manufacturing Company Dayton Ansonia Knights of Pythias Lodge Ansonia St. Henry Glove Manufacturing Company National Company Cleveland A. W. Kuteche Charles E. Meink Alonzo M. Snyder Elmer G. Derr A. A. McCaslin Dorset, Milling Company Dorset

Cotton goods hold steady in New York market

May 22 report from New York notes firm tendency in brown and bleached cotton goods. Cotton yarns rule firmer while overall business volume in creases slowly. Local wool market shows signs of activity in carpet fibers.

York

Trade for the Day Prospers in Wool Market

Market notes say trade for the day with the jobbers was fair and with first hands it was as good as any day this week, reflecting steady demand and stable prices in the wool trades.

Metals Prices In London And New York Markets

Lead rises to 4.17 4.20 in St Louis and 182 6d in London. Tin steady at £133 spot and £132 futures in London. U S market dull. Copper down in London. local market quiet. Spelter steady at £20, $4.55-4.60 locally. Iron ease in London. U S No 1 foundry North at $16-16.75, No 1 Southern and Soft at $16.25-17.00.

ST. Louis New York London Foundry Northern Southern

Also Mentioned on This Page

United States Stocks Atchison Wawee A. W.t Colorado Southern Delaware & Hudson Missouri ‘Pacific Northern Pacific Ontario Western Uae Rock Island Rene St. L St. Paul Texas Pacific Toledo Ry Toledo W. Pref Sta Ele Univ. Pacific Car & Fdy F & Iron Finhley Ticker Roberts, Han & Criss W. E. Hutton & Co Page & Hill Charles E. Bultman WOOL Rio G R. R Nas Elec 1St Inc Mist P. M & M Rep Cuba New York C.L Ius Inter Cen. Pac Pac Ise Uae Inter. Rap. T. Ctf Vhs I. & P.gen H. Leath Pitt E. & Mev Erie Ev Mo. Poe Iss Total H. Kellogg Third National Bank Boston Mining Tidewater Securities Cincinnati Gas and Electric New York Exchange ST. Lowis The Ask Cin, Int Col. & Xenia Little Miami Cin. & Ham Chio Tion Cu.n O’ma & GC Colum. Ry Col. Ry. & L T. Rys Pee Scioto Valley Int Co.l.& T Industri Col. Crosst Elect Det Ham. & Lind IRO Big Four M. Es G.r.&f-W Bank Oocksss— Am. Nati Bk Bright Trust City Hall Cosmopolitan First N‘l Ger N’l Colum, Bank & Say, Co Norw. First C.L T. Do Imiami & Ger Ky. Cent Miami Securities Eagle Amer Oak L.pr Bullock Hoov-O- R Niles B.-P A.&b Ind. St. iRy Ae Ea Co Uw. S. Lith Equitable Trust Company OF New York George FH. Church Central Trust Company the Equitable Trust Company Redmond & Company Philadelphia Chas. C. Murray & CO Unies ‘Trust Cincinnati Bonds Bond Department SUILAS_NATIONAL BANK German National Bank Covington, Ky Jas. C. Ernst George B. Engel Cashier J. S. Hamilton H. P. Colville Asst Metals Western German Bank Cincinnati, O Baldwin the Baldwin Company W. 4Th St
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