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Newspaper
Cincinnati Daily Gazette
Location
Cincinnati, Ohio, United States of America
Date
Jun 17, 1875
Page
6
London failures in cotton and related trades ripple through markets as securities hold. money demand softens but rates stay steady. U.S. government bonds and New York gold rise while stock transfers show limited activity amid unsettled credit, with persistent sterling and currency activity and mixed commodity trends.
The New York Journal of Commerce reports weekly imports totaling $382 208 more than last week with a general uptick of $10 391. Local merchandise markets showed little overall improvement with flour in demand, scarce and higher wheat, moderate cotton, firm corn, and dull provisions. Cincinnati live stock receipts reflect mixed cattle and hog prices, with overall demand for lower grades strong but limited by supply.
Today's receipts total about 4 500 cattle and 19 000 hogs with a weak easy tone and near nominal prices. Cattle ranged from 4 15 to 6 40 for choice and shipment volumes reached 2 000 head while hogs sold mainly 6 50 to 7 40 with bulk around 6 70 to 6 90 and 7 00 to 7 40 for extra. Sheep receipts 530 and prices 6 00 to 6 50 for good.
In New York on June 16 business activity was subdued as commission houses showed limited interest and jobbers sold prints and textiles at reduced prices. A note mentions prospects for improvement by Friday June 22 with cautious trading and steady demand in certain categories.
The past week brings improved weather though rain remains welcome. Markets stay dull in London with Miller buying fixed to hand to mouth, while foreign arrivals meet some demand. Wheat prices rise in Paris by 1 franc per sack. crops vary across France and northern Europe. Arrivals off the coast since May 21 totaled 26 car tons, led by wheat and maize, with reported prices in multiple shipping points. London averages stand at 44s for wheat and 0n 1,749 quarters, with weekly imports of 968,260 cwt wheat and 120,822 cwt flour for the Kingdoms.
Commodities show mixedtones across grains and provisions. Cotton futures steady. flour and wheat varied with regional receipts cited in multiple markets including New York and Boston. Prices for oats rye and barley fluctuate while pork and lard move modestly. petroleum, molasses, and tea trade show subdued activity.
Markets report mixed moves with bullion down at Bank of England by £416,000 and London refined petroleum at 94, cotton varying dull to easier, wheat and corn prices firm, pork and beef ranges listed, and Antwerp petroleum quoted at 2644. The note includes rates for Consors and American securities and various commodity prices across 1860s market indices.
June reports show limited demand for cotton across New Orleans Mewrpat and Saaraunsi, with sales varying. Dull trade, middling prices around 14 to 15 cents, exports to coast and continent small. stock on hand tallies near 59 thousand bales in one port and 10 thousand in another.
Bufrato June 16 Brer Carrie reports 490 head this day total weekly 8 979. Markets active at current prices with strong stock demand. Sheep and hogs receipts and prices noted with week totals around 9 600 head for Sheep 9 500 for hogs. New Yorkers sold at 7 20 to 7 30. hogs at 7 50.
East Listery reports 2547 head today and 2 day total 5117 with 68 cars through stock and rest yard sales. Hoos shows 2970 head today and 4230 head over two days with heifers and Yorkers prices around 7.40 to 7.90. Sheep receipts 5900 today and 24000 over two days at 5 30 shipped 460 5 30.
Domestic wool remains steady with manufacturers seeking preferred lots. Ohio and Pennsylvania fleeces fetch 50 to 57 cents, Michigan and other fleeces at 47 to 57 cents. delaine and combing fleeces around 37 to 55 cents depending on quality. Stocks of perfine and pulled fleeces continue to accumulate.
Fragmentary text places New York on June 16 with mentions of copper ingots and prices around 2200. Numerous garbled terms obscure entities, dates, and destinations, leaving the core event and participants unreadable.
The Banker Hill Centennial and the New York Yacht Race weighed on Wall Street as markets opened dull and firm then fluctuated. Union Pacific rose to 74% while Pacific Mail slipped, other rails and utilities showed mixed moves. London failures and brokers reported cautious trading with 166,000 shares moved, led by Pacific, Western Union, Northwestern, St Paul, Erie, Lake Shore and Union Pacific.
The June meeting in Philadelphia opened with officers confirmed and delegates seated from New York Cincinnati and St. Louis. Discussions covered postal rates, shipping acts, waterworks plans, banking law changes, and federal highway ideas while resolutions urged international commissions and metric measures.
A Bohemian native Mr Schebolt claims a Bible in Lucas County Ohio was hidden inside dough and baked to save it from Catholic priests during Protestant persecutions. The grandmother wrapped the Bible in dough and hid it in a large bread tin, allowing the book to survive.
A satirical old report describes Romans in siege of Constantinople who joke that only when the fish jump from pan to water will the city fall. The fish leap, Turks enter, and the narrator declares the tale of brown and white fish a major church humbug.
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