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 26 articles. Subscribers can read the full text of each article.
Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Sep 13, 1908
Page
12
In New York on Sept 12 the market showed caution with short covering as Harriman and Reading regained prominence. The day saw dull sessions, political uncertainty, and a mixed bond picture with U S Steel and rail stocks among the movers.
Brokers warn a looming election scare may trigger liquidations. take profits on sharp rallies and buy on breaks. Reports note a general market rally with stock shortages and improving business sentiment, especially in steel, with a bull bias until distribution signals emerge.
Trade reports show moderate expansion with Canadian Pacific earning 10.59 percent on capital last year. New York banks lost 4,191,800 on the week’s currency movement. Railway Association notes 222,632 idle cars, down 30,371. Southern Railway reports high earnings in July from maintenance cuts.
The Associated Banks of New York City show a sizable rise in loans and deposits for the week ending September 12, with a $2.9 million cash decline and a total surplus reserve drop of $6.32 million. Despite liquidity shifts, overall reserve levels remain strong, aided by higher money market firmness. Peoria notes Whisky at 1.27.
The week centers on the Kaffirs settlement, attractive to American and Continental buyers as prices rise. Consols steady, home rails brisk, Paris rally in Russian and Japanese bonds. Erie, Southern Pacific gain while other securities little changed. market closes quiet amid tight money and weak New York bank results.
Clearing House banks show a surplus of 51,992,825 above reserve needs, a drop of 7,652,125 from last week. Averages: loans 1,322,730,500. deposits 1,420,061,900. circulation 54,493,100. legal tenders 80,496,700. specie 326,511,600. reserve 407,008,300. reserve required 355,015,475. surplus 51,992,825. Banks not reporting to Clearing House total 1,043,008,700 in deposits with 101,189,100 cash and 943,959,100 loans.
ST LOUIS Sept 12 Wool firm medium grades combing clothing 18 2c light 16 16 2c heavy fine 11 12c tub washed 20 27c.
Bonds trade in New York with issues from Bethlehem Steel and Interboro. Prices shown include Bethlehem Steel 4s and Interboro 6s with varying par values and yields, reflecting market activity for the day.
The Louisville and Nashville Railroad began operating freight at the new station at Third and Mill streets replacing Third and Park streets and Fourth street. Engineers' Club hosted a dinner for H. W. Bonnell of Fairbanks Morse & Co who departs Cincinnati to lead Chicago offices. he received a cut glass vase.
New York money on call quiet with 60 day bills at 2 percent and 90 day bills at 2 percent. Sterling steadies with bankers' bills around 484.90 to 485 and 486.45 to 486.50 for demand. Boston reports call loans 1 to 2 percent and time loans 2 to 4 percent with mixed bond and stock listings including General Electric and United States Steel among others.
United States railroads show August gross earnings of 34 896 343 a 14.1 percent drop from last August. July and June declines are cited at 15 and 17.5 percent respectively with partial totals for July including 93 536 530 in total for US roads a 16.8 percent fall.
Market quotes from Kansas City Chicago and New York on Sept 12 show steady to firm prices across eggs butter cheese and poultry. Fresh extras eggs and firsts in the 21 to 22 cent range with assorted dairy products and live poultry trading amid steady receipts.
In Manchester the cloth market improved slightly over the past week driven by higher demand from China. Bleaching cloths plain and fancy saw fair advances while Indian orders remained negotiable. Yarns gained slight lift with all grades rising. Trade turnover improved and a masters versus spinners dispute caused worry but little impact, with belief of a satisfactory settlement.
Boston market reports show diverse mining stock bids with values including Adventure 8 percent and Allouez 354 percent alongside Amalgamated 78 percent and Calumet and Hecla 635 percent. Various listings include Copper Range 77 percent and Isle Royale 224 percent, with Nevada 15 percent and Greene Cananea 11 percent.
New York mining figures show prices for several stocks on September 12 with bids and offers including Alice at 4.00 and Ontario at 5.00, plus Comstock Tunnel stock at 22 and Ophir at 1.85, among others.
On September 12 at Toledo markets refined prices for clover seed show October futures at $4.42 per unit and December at $5.50, with March at $5.60 and No 2 at $5.30. Rejected lot at $4.90. Alsike prime seed listed at $8.55.
Cincinnati and Chicago clearings show strength with bonds in demand and municipals leading. Loans and call money steady, with New York exchange discounts easing. notable activity in Cincinnati Gas and Electric, Street Railway shares, and a busy open market for local securities.
The Cincinnati live stock market reports a moderate check in cattle marketing with 4823 head received the past week, prices for good and choice steer cattle in rally, butcher stock weaker, feeding steers and cows showing varied ranges. Hogs steady to higher elsewhere with mixed readings, while sheep and lambs declined in value amid drought and weak eastern markets.
New York reports the U S Circuit Court of Eastern Pennsylvania voided the Hepburn commodity clause, easing monetary tension. Agricultural output is strong with wheat and corn forecasts surpassing earlier years, while oats hay and cotton show robust potential and overall markets expect more stability after the decision.
New York week ending September 5 shows imports of merchandise and dry goods totaling 12,511,095 dollars. Specie imports reach 58,009 silver and 115,391 gold, while exports leave 731,124 silver and no gold.
Cotton seed oil in New Orleans on September 12 quotes Prime at 87 cents.
The Secretary of State recorded new articles of association from multiple firms and clubs. Notable entries include Turkey Foot Traction Company in Akron with $10,000, Commercial and Savings Bank Company in Gallipolis with $25,000, Royal Gashin Coal Company in Midvale with $100,000, Dooley-Gaynor Company in Toledo a restaurant with $10,000, Academy Boys' Club in Lorain, Brown County Chautauqua Company in Georgetown with $25,000, and Windhorst-Schlueter Company in Cincinnati. Additional filings include Miami Cycle and Manufacturing Company in Middletown increasing capital stock to $600,000, Kinder-Smith Land Company in Youngstown increasing to $20,000, and Crooksville Pottery Company in Crooksville increasing to $50,000.
The article discusses fragile market conditions with fears of demoralizing rail and trade disruptions. It notes improvements in trade and exports, reports New York customs receipts, and highlights rising bond demand despite high prices. It warns traders to remain cautious amid active fluctuations and foreign gold considerations.
Oil City reports balances shipments and averages in crude oil markets. Wilmington and Charleston show turpentine and rosin prices with firm tones. Savannah lists firm turpentine while rosin and window glass prices rise across grades and receipts and stocks are updated.
New York reports scarce trading in metals with tin easing to 28.25 28.50, copper and related alloys steady to dull. Lake copper 13.50 13.75, electrolytic 13.37 13.62, casting 13.12 14. Lead soft at 4.52 4.55, spelter quiet at 4.75 4.80. Iron unchanged. St Louis lists lead 4.42 and spelter 4.67.
The New York dry goods market reported an improved tone for the week and sizable shipments on Saturday. A large auction sale of shirts is set for Thursday. Jobbers expect key sales of cottons and dress goods, while linens are ordered more cheaply. Burlaps are firmer and cottons are being ordered more freely in some quarters.
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.