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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Sep 09, 1908
Page
6
A writer argues that stock gambling dominates society from clergy to editors and outlines a plan called National Stock to destroy current market manipulation. It forecasts using immense cash and market tactics to force the System to reform or collapse, while promising huge profits for investors.
The piece portrays American Smelting Trust as a dominant multinational with mines in the U S Canada and Mexico led by seven Guggenheim brothers who aim to act honestly. It notes efforts by National Stock to connect with American Smelters amid Wall Street interest and Rockefeller involvement in a bid to control the company’s fate.
A 1908 analysis describes tensions between System plungers and National Stock over Smelters shares. It details short selling, advertising campaigns expanding ownership, and predicted price movement toward 190 or higher. It cites margins and strategies favoring National Stock as a counter to System dominance.
Unruffled money market and strong Harriman stocks dominated today’s trading. United States Steel showed the only major addition, while other rails and trunks lagged. Harriman confidence and public statements buoyed related shares as Bond market activity remained irregular with total sales around $4.44 million.
Extensive list of bond issues and prices across multiple rail and utility securities led by Interboro Erie and American brands. Reports show varied yields and totals across corporate and municipal issues with notable activity in Erie conv 4s and related notes.
Toledo reports grain market quotes with Clover seed Prime at 5.80 and October at 5.82 percent, December 5.90, March 6.05, No 2 5.62, No 3 5.50, rejected 5.30, no grade 3.75. Alsike Prime 8.60 and continues.
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