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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Oct 24, 1908
Page
7
New York market report from October 23 1908 notes a generally steady to firm tone for coffee with gains and losses across the session and 25 750 bags sold. Cotton closes with gains early and profit taking later, spurring a broad set of domestic and international price movements covering futures spot weekly receipts and regional markets.
Market notes from New York October 23 1908 show receipts of 350 sacks beans and steady to firm prices for marrow peas and red kidney ranges. Butter creamery quotes mixed with steady process cheese and eggs receipts 5 619 cases with moderate demand. prices hold with some strength for higher grades.
The bulletin catalogs fruit and produce values across regions including QUINCES PEACHES PLUMS GRAPES ORANGES GRAPEFRUIT and more. It notes varied activity with fruit and vegetable markets showing strength in some items and weakness or slow movement in others across New York State and the Pacific Coast.
The New York cattle market shows light steer supply with gains of 10 to 15 cents, cows easing slightly, and strong demand for higher grades. Calves and veals mixed with firm to higher hogs, while sheep and lambs were dull to easy with dressed beef steadier, and extensive shipments to London and Liverpool noted from Minneapolis and other firms.
Chicago market notes cattle receipts about 22 506 head with prices 15 25c lower except top steers and butcher cattle. Steers 449 760, cows 425 525, heifers 3 425, bulls 250 450, calves 350 550, stockers 260 405. Hogs estimated 20 000 head weak to lower. heavy ships 55 86, butchers 58 8, light 515 eheight 550 570, packing 545 58, pies 350 475, bulk 545 85. Sheep receipts about 4 000 head and higher. Lambs 1500% yearlings 385 475. Union Stock Yards, Pittsburg, Oct 23 cattle.
Revenue surplus totals show amounts of 10,092,157.72 and 12,931,090.86 and 22,505,712.02 and 29,209,481.54 and 18,956,800.00 with rates of 13.21 percent and 16.33 percent across periods. The figures present a fiscal view of gains and growth for the year.
Liverpool markets show dull wheat futures steady corn and flour prices, mixed American weights, and varied meat quotes. Canadian peas, hops, lard, cheese, and turpentine trade readings are listed with small shifts and general firmness in some lines.
Chicago trading today joins European grain weakness with net declines in prices. Corn stays firm while oats hold steady and provisions ease. Wheat shows weakness most of the day and closes near bottom amid overall softer tone.
The market opened easy influenced by European grain declines, then rose on commission buying based on an Argentina crop dispatch. Later the crop damage estimate proved too high as only one district was affected, triggering selling and a late-day decline. Wet weather spread through the Southwest and Midwest, with mixed receipts and continued firmness in corn. Cash wheat eased, exports steady, and provisions dull with liberal hog receipts.
The Appellate Division ruled two decisions against A O Brown & Co and the San Domingo Gold and Copper Co in favor of Thomas G. Gaylord seeking 125 000 for unrealized profits on 250 shares. Gaylord, formerly with A O Brown & Co, filed both suits before the firm collapsed. The court reversed interlocutory judgments with costs if Gaylord appeals from the demurrer rulings. the case has not reached trial.
Ferdinand W. Church a special officer tied to strike breakers housed at Sith street and Eighth avenue was arrested after allegedly passing a bad check to hotel keeper Jacob Mann of New Haven. Church lived at 197 Ryerson street Brooklyn and faced charges over funds with no bank money. A diamond studded gold watch valued at $0 vanished from the hotel housekeeper.
James Kinsella deputy chief of the Bureau of Licenses in Brooklyn sent his resignation to Mayor McClellan. At public hearings witnesses testified Kinsella accepted fees for licenses larger than the legal charges. Kinsella denied he had done a misdeed.
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