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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Aug 09, 1908
Page
97
New York reports a steady to firm coffee market with slight advances on some contracts amid European short coverings. Cotton declines amid bear pressure and lack of support, with prices closing near the week’s lows after notable selling and weak midline futures.
The market for syrups was dull but unchanged with New Orleans centrifugal and open kettle molasses quoted in narrow ranges. Cottonseed, linseed oil, and refined petroleum held steady amid moderate activity. Provisions eased early then firmed on corn strength, with hogs and beef quotes steady to higher and refined sugar listed at stable prices across multiple grades.
Beans and peas receipts and arrivals noted with imports from Marseilles and Trieste. Butter eggs cheese and fruits shown with steady to dull prices amid quiet demand. high quality items held firm while lower grades move slowly. potatoes onions cabbage and celery listed with varied activity across regions.
Island potatoes and Jersey long potatoes priced per barrel or sack with varied regional rates. Yellow sweet potatoes from Eastern Shore and North Carolina set at 225 to 250 per barrel, yams, cucumbers, and lettuce list multiple regional quotes. Other items include beets, carrots, cabbage, okra, peppers, peas, romaine, beans, squash, turnips, onions, and greens with prices in dollars per basket, box, barrel, or sack.
Cattle trading halted with dull demand and steady prices. Calves and sheep show mixed moves with Virginias and West Virginias leading price readings. lambs and dressed beef weaker, hogs steady around 720 per 100 pounds. Receipts list 72 car loads of cattle and 41 car loads of sheep and lambs plus 12 hog cars.
Chicago and Cincinnati market notes describe cattle and hog receipts and prices. Hogs around 10 cents lower. cattle steady to firm with varies by class. sheep and lambs mixed with modest changes. Markets include Chicago Westerns Texans and stockers with price ranges and weekly totals.
Chicago traders faced a wobbling wheat market with September slipping to about 94 1 2 cents as bearish pressure rose from a milling firm's troubles in Minneapolis. Corn stayed firm on dry conditions in the eastern belt while oats inched higher. Provisions softened slightly as hog prices declined and rib prices eased. Estimated Monday receipts totaled 253 wheat cars, 150 corn cars, 43 oats cars, and 36,900 hog head.
Foreign commerce figures show New York week ending Aug 1907 with detailed totals for drygoods general merchandise and other categories. Exports of merchandise from New York Jan 1 to Aug 4 reach tens of millions, with specie exports and imports partially listed, including gold and silver totals and overall trade sums.
An investor explains plans to launch a finance company with open dealings and details a dramatic market move in Smelters and Lead. He cites large stock closures, predicts further gains in Bay State Trinity First National Yukon and St Paul, and promises aggressive advertising starting Monday.
The circular notes a 100000 bond issue with after debt payments more than 130000 cash for development and 200000 in bonds. It names a special stockholders committee including J A Ryan and others to supervise funds and support development. The Ely smelter units raise capacity to 3000 then 4500 6000 tons daily. copper contents and costs per pound are given.
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