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Newspaper
Cincinnati Daily Gazette
Location
Cincinnati, Ohio, United States of America
Date
Jun 19, 1875
Page
8
London and New York markets show weakness with gold gains and stock declines. Bank of England avoids rate rise while credit strains spread, affecting cotton and Lake Shore Erie sales. money market activity upticks locally with higher discount rates and firm exchange rates amid broader financial distress.
Cincinnati markets report for June 18 shows receipts and shipments across commodities. Apples, cattle, cotton, flour, hogs, lard, molasses, oats, petroleum, potatoes, rye, salt, sheep, sugar, wheat, and whisky appear in varied quantities. butter, corn, cheese, coffee, coal, eggs, fruit, flour, grain, meal, and hay prices and availability fluctuating. notable prices include cannel coal at 20c, yellow corn 18 19c, prime butter around 18 19c per lb, and flour ranges from 4.50 to 7.00 per barrel. rye and barley limited activity with steady demand. beef and pork show active movement in mixed lots.
The report shows buyers for meats firm at various price points with large lots sold and several bids translated into 100 000 pound scales. Sugar demand steady to moderate with retail emphasis and prices quoted from Ohio River Kanawha salt to Liverpool sacks. Tallow and whisky markets described as steady with multiple auction lots and decisive prices.
Receipts for the past twenty four hours end noon with comparisons to prior days show cattle hogs and sheep in the indicated ranges. Cattle common 4 0 to 9 4, fair to medium 4 5c, good to extra 6 to 9c. Hogs common rough 6 15 to 6 65, good to extra 6 0 to 6 8. Sheep fair to good 8 1/2 to 9 1/2 per head. Lambs steady 5 to 7c depending on quality. Prices mirror yesterday with market quiet to steady.
The Cincinnati Price Current reports hog receipts and shipments for Cincinnati Chicago and St Louis since March 1 with year over year comparisons. Net supply across Chicago Cincinnati and St Louis totals 494000 with a 336000 decrease in receipts and 50000 increase in net supply versus 1874.
Loudon markets on June 18 show bullion flows to the Bank of England of 924698 while American securities list 10614 for 1865 bonds and 10408 for new issues. Cotton in Lavexroot is irregular with middling uplands around 77 16d and sales totaling 58 000 bales for the week, including exports and speculation. Wheat and pork prices are noted, with Western wheat receipts at 39 000 quarters and pork ranges around 73s 6d for Western and 82s 6d for Eastern markets. Antwerp reports petroleum at 264.
New York cattle receipts 1,600 today totaling 5,650 this four days, demand moderate and prices ease. Native steers 1044 11%4c, fair Cherokee and Texan steers. Sheep 4 5c, lambs 7 10c. total hogs receipts 5,300 today, 14,720 in four days, dressed hog prices firm at 4 3 4c for light weights, heavy at 9c.
Chicago reports mixed livestock activity with cattle receipts of 3 500 head and 3 000 shipments as buyers showed weakness while hogs totaled 15 000 with prices firm at 650 to 676 and bulk sales at 670 to 676 cattle stockers and butchers sold 300 to 525 and Texan roughs 275 to 400 with shipments of 3 000 head surxr 100 head market dull yet firmer from 300 to 550 for poor to good grades
Buffalo market notes show 5780 cattle today and 10441 for the week. Sheep and lambs 2000 today and 12600 week, fat with limited Eastern trade. Ohio clipped at about 64 lbs averaging 485. Oxen, 2700 today and 15400 week, market flat with Yorkers at 7 20 and 7 10 to buyers. Pigs sold, bulls hogs 7 25 to 7 35 for good stock.
Philadelphia reports active wool trading with prices easing on arrival of the new clip. Fleeces from Ohio, Pennsylvania and West Virginia show varied levels from medium to extra. Prices listed include 48 to 56 cents for different grades with unwashed and pulled varieties noted.
The stock market opened weak at low levels but closed firmer with a 44 to 2% recovery. Lake Shore rose from 59 to 60 today while Erie remained soft. Pacific and Western Union showed activity. St Paul and North Western firm. Trading volume highlighted Pacific 41,000 Western Union 8,000 North Western 42,000 Erie 135,000 Lake Shore 135,000 Union Pacific 8,000.
New York market report with daily price ranges for flour wheat corn oats and bay products. Notes on bids receipts and futures for June through February, and a lengthy set of trade reform resolutions urging federal regulation of interstate commerce railroads uniform accounting and tariff practices, with adjournment pending further action.
Cotton is dull or flat across markets with middling to good ordinary prices. Reports show varied sales figures, net receipts, and coastwise exports, including 1,728 bales in Charleston and 2,500 bales overall in some listings, with stock on hand differing by location.
San Francisco daily mining stock quotations list ore prices for Ophir at 46½, Mexican 17 3/4, Gould & Curry 17, Best & Belcher 46½, Savage 100, Chollar 75 1/4, Hale & Norcross 37 3/4, Yellow Jacket 5 1/4, Sapo 27, Confidence 16 1/2, Consolidated Virginia 13, Callao 59, Union 64, Overman 59.
The National Board of Trade held its June 18 meeting in Philadelphia with committees proposing a government built postal telegraph and opposing nonstandard bills of lading. Resolutions urged inland carriers to deliver bulk by weight and called for legislative work to define carrier rights and duties.
A late Royal Society Proceedings note describes Basilisk discoveries in 1874 adding a mixed Malayan Papuan race inhabiting the New Guinea peninsula north and south shores from 148 degrees longitude to East Cape. They differ from Papuans in stature hair and features, bury their dead, build thatched huts, cultivate yams and taro, and use nets. Their women tattooed, men long frizzled hair, wear waistcloths, and they show organized war tactics and better cooking. They appear more civilized than Papuans and had little contact with whites before Basilisk.
Burmah dispatch reports a famine among Karens caused by rats in the Tanghoo hills east of Tangboo district. Relief funds are urged by Tanghoo Relief Committee to aid destitute souls amid widespread devastation and looming rainy-season hardship. Local government support has been heavy but insufficient to avert sickness and death. Grand Jury in New York rejects action against W. W. Tillotson in a separate matter.
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