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Newspaper
Cincinnati Daily Gazette
Location
Cincinnati, Ohio, United States of America
Date
Jun 10, 1875
Page
6
Financial reports note the railroad war stirs New York markets with tariff disputes centered on the Baltimore and Ohio, while Pennsylvania New York Central and Erie feel pressure from competition. Prices across commodities ease as money markets firm, with strong gold and sterling activity and mixed security movements.
The Commercial Advertiser notes Pettee on South Street exits from iron trade as prices ease and freight rates fall. It cites a sluggish spring dry goods jobbing season, with low rail freights spurring merchants to cut expressage, while old US and Erie trade links face pressure from a Erie receivership and competition in light merchandise freights.
Market reports from Gwaxnati show cattle hogs and sheep prices, with quiet but firm ranges for lambs and common to fair grades. Tidewater breadstuffs data compare flour wheat corn barley arrivals and stock left, noting declines in wheat to flour and navigation figures through May with canal openings in May.
The Goderich Star, Smiths Falls News, Sarnia Observer, Barrie Examiner report varied crop conditions across Ontario. Fall wheat shows damage from April frosts. some fields winter killed while others look promising for an abundant grain harvest. Spring crops advance. hay prospects strong. overall farming deemed profitable, though back weather and fodder needs noted.
Trading on June 9 shows corrow quiet at 154 16 cents with futures firm and 49 200 bales traded. Flour demand improves with receipts of 12 000 barrels. wheat prices rise in Chicago and St. Louis futures. pork and lard hold steady amid mixed grain activity. cotton in St Louis declines while futures for corn and oats ease in quiet session.
Wheat prices steady to firm in Milwaukee and Chicago area markets while New Orleans and Baltimore report steady flour demand. Corn mostly firm or higher in several hubs, oats dull or quiet, provisions steady. shipping activity shows mixed receipts and shipments across Lake and river markets.
Market notes show three month bills discount at 3.44 percent, below Bank of England rate. Bullion moved to the Bank of England £218,000. London and Liverpool prices quoted for petroleum, sugar, wheat, corn, pork, lard, cheese, tallow, resin and turpentine with commodities and currencies in both markets. Antwerp reports petroleum at 26 1/4 percent.
East Liperrr Pennsylvania June 9 cattle receipts totaled 1 479 head with 2 days 2 125 head. Arrivals today included cars through and yard sales all sold out. Prices ranged with West Prime to extra at 7 00 to 7 20, medium to good 5 25 to 6 87, common to fair 4 50 to 4 80. Bulls near 4 80. Total yesterday 2 640 head and two day total 4 2 4% head. Yorkers Philadelphia and Surep area totals show 5 800 head and two day total 14 700 head at around 50 to 450 head.
Chicago market report shows cattle receipts 4200 head with steady prices and moderately active demand. Hogs receipts 1000 head with active firm market rising 10 cents to 650 to 725, shipments 4400 head. Sheep receipts 500 head with activity steady and firm, prices 30 to 450 for lambs 150 to 250.
Money easy at 63 and steady at 487 for duty 490 for sight. Customs receipts 195000. Stocks opened strong then weakened. Lake Shore rose to 6244 then fell to 6244. Pacific Mail and Western Union rose on dividends and news. Trading totaled 290000 shares with major activity in Pacific Mail Northwestern Lake Shore and Union Pacific.
Cotton markets in New Orleans Houston Galveston Savannah and Charleston show quiet or dull trading with middling grades around 14 to 15 per hundredweight. Reports note net receipts shipments and sales ranging from a few to several hundred bales with no export stock listed in New Orleans.
Cattle receipts totaled 1 19 head for the week with 8 806 head overall. Market opened slow and prices eased slightly amid unfavorable eastern dispatches. Sheep and lambs receipts 4 000 head, weekly total 11 400 head, trade slow. Hogs receipts 2 900 head, weekly total 10 000 head with a starting sluggish tone. Selected Singers quoted at 760.
Boston on June 9 reports wool in steady demand with manufacturers buying visible lots. No change expected in the near term as the market focuses on desirable medium fleece and combing delaine wools. Prices seen for Ohio Pennsylvania fleeces around 51c, Wisconsin Michigan fleeces 38 50c, combing delaine near 50c, Kentucky at 50c, and pulled sales 35 to 56c.
New York June 9 business remains slow as commission houses trade in cotton goods prints shawls and jobbing movement. Cotton prices are flat with dull demand in first hands for Garner Amoskeag and Germania Scotia mills offerings sold at fair prices at auction today amid weak foreign goods activity.
Spriveriato Ohio dispatch notes rising interest in a narrow gauge railroad from Cincinnati east end to Bainbridge connecting with the SJ&P at Bainbridge. Dayton crimes prompt arrest of James Lanegan near Springfield. Wittenberg College president J B Helwig delivered inaugural address at English Lutheran Church. Wittenberg graduates, nineteen, set to receive diplomas at Black's Opera House tomorrow morning.
The Court of Common Pleas continued trials for criminal cases. Daniel Prindle, convicted of removing landmarks, and John Clark, convicted of burglary, received two years in the State Prison. Wa Brash, John Ryan, James McCrum, and George Greeno pleaded guilty to burglary with two years for Brash and Ryan and one year for McCrum and Greeno. Jeremiah O'Ryan and James Albright pleaded to assault and battery with Ryan fined 40 dollars and Albright 50 dollars plus costs.
Lancaster Grand Jury returns multiple indictments including Gustave Morlock for grand larceny Rudolphus B Heed and Wm Zink for assault with intent to commit rape J B Pertinkle for petit larceny John Smith for breaking into a property during the day and larceny Wm Quigby Frank Bell and Wm Moore for breaking into a dwelling during the day with intent to steal Wm Perry and Louis Bender for petit larceny.
Paris Kentucky June 9 report says the Democratic City Council approved an aid of 250 dollars to the local Catholic school. Taxpayers were enjoined from collecting the tax.
Naw Ontaans La July 9 Col D F Boyd Superintendent of the Laces Bia University has definitely accepted the appointment.
Fragmentary record notes a superintendent of the government militia holding the rank of brigadier general in the regular army of the Khedive. Details are incomplete.
District Court in Ohio invites claims to condemned property from United States v. one copper still and related gear listed, including spirits and wine. The notice sets a June 1875 court date for claim interposition, with U S Marshal and District Attorney oversight and case numbers.
Notices announce bankruptcy assignee appointment in Dayton Ohio and sale of Cincinnati real estate under probate court orders. Additional items include administrator sales for David Turner estate in Hamilton County and a Kentucky commissioners sale of farming mineral land with multiple tracts in Pulaski and Wayne counties.
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