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Newspaper
Athens Messenger
Location
Athens, Ohio, United States of America
Date
Aug 16, 1931
Page
13
In New York on August 15 the stock market showed a weeklong rise driven by momentum and hopeful press, though constructed on misleading reports. Bears remained cautious while bulls advanced, with short positions covering as prices moved higher amid delicate market sentiment.
New York August 15 active curb stocks advanced modestly last week with volume rising above a thousand shares late, driven by the petroleum group as crude oil and retail gasoline gains and a Texas coin law aided sentiment. Electric Bond and Share led public utilities with more than three points gain, while American Gas and Electric and American and Foreign Act Warrants showed firmer tone.
Volume on the New York Stock Exchange was the largest in six weeks with prices advancing fractions to over 3 points in a list of issues. United Corporation led with large blocks, Chrysler and General Motors were active, and Steel Common touched 93 on the recovery.
Chicago markets show eggs and butter steady with steady receipts and varied grade totals. Egg receipts reach 8370 cases with multiple grade categories. butter totals show 9282 tubs and related extras and standards reflected in current trade.
Grain quotes show No 2 red winter wheat at 46 cents a bushel, No 1 red at a small premium, No 2 yellow around 51 52 percent, oats No 2 white at 21 4 cents, and old oats 3 to 5 cents premium. Clover prime trades near 12 dollars per bushel in October, altsike cash 8 25, August 8 25, December seen.
Final Grain Review reports Russia may abandon rationing, a move seen as reducing the Soviet wheat exports. The late session in Chicago saw a further bullish push as foreign demand and speculation supported wheat, with professional selling kept light.
Readable fragments show butter poultry and potatoes with Augies omitted. Segan cobblers priced at 2.50 to 3.65 per 100 pounds, Maryland listing 2.78 per cloth, notes unclear units and locations.
Week in bonds shows contrasts with strength in foreign issues and firmness in U S Government issues. Railroad securities sag amid earnings declines and liquidations while several carriers and central lines face renewed uncertainty. German issues influence Europe as U S markets hold cautious gains.
KNAPP & CO. reports North agg trust holders boosted by 600 shares as outstanding shares total 21,140,500 on July 3. More than 100,000 investors have put over 180 million dollars into the fixed trust. only 29 converted shares, with 28 into underlying stocks. Ohio Oil declares a 1.50 dividend on preferred stock payable Sept 15 to record Aug 22. Union Pacific sets 2.50 on common and 2 on one for Oct 1 to Sept 30 records. Solar and Standard Oil discuss acquisition talks with no details yet. Curtiss Wright posts June quarter net loss 375,030. six-month loss 1,463,154. Phelps Dodge and Calumet joint meeting set for Sept 21 to approve asset exchange. International Nickel Canada halves profit to 3,359,886 first half. Keith-Albee-Orpheum posts 691,123 versus 60,597 prior year.
Hog prices held steady to higher with loads around 220 pounds and average 7.75 dollars, some 240 to 275 pound hogs at 6.75 to 7.00. Cattle calves mix shows steers and heifers 25 to 50 cents higher, cows steady, bulls weak, healers up 50 cents. Sheep demand mostly steady to firm with better lambs 8.50 to 9.00 dollars and some 9.25 dollars, fat ewes unchanged.
BRIGHT SPOTS IN BUSINESS NEW YORK August 15 The Petroleum Corporation of America's portfolio rose by 5,009,000 dollars in value since early June, signaling positive market movement for the firm.
In Cleveland Col. Leonard Ayres states that business may gain from a surer revival and replacement demand. A New York report notes American Ice Gemsant facing rejection and July earnings at a company.
The report notes low inventories, especially in department stores, as a favorable omen for a coming rebound in business.
The New York bond market closed the week with a steady tone in the short session. Foreign obligations remained firm, rails saw moderate recoveries from late lows, and stock market strength contributed to advances in several issues and other speculative descriptions.
The report lists butter tub prices with fat content and extras. eggs show receipts and firsts prices with nearby whites. poultry items include live hens, broilers, colored broilers, old roosters, ducks, springers, geese, and fresh killed hens with varied price per pound or unit.
New York August 15 reports curb stock market gains after a modest overnight selling period. The general list resumes an upward trend with oils and utilities leading and volume rising to 170000 shares from 90000. Advances include Cities Service period Oll of Canada and Vacuum Oil with power and light shares seeing gains.
Beremaet 300 and market 160 to Ibs with bids at 7 8, 200 to 250 Ibs at 158 and 7.65, 140 to 160 Ibs at 7.25 to 7.75. Better king sow grades 4.50 to 5. Cattle receipts 15, market nominal. Calves receipts 25, market steady with vealer calves at 9.50. Sheep receipts 600, market steady with choice lambs and better weights 5.25 to 8.50, lambs 65 lbs downward at 6.50 to 8.
A large crowd attended the annual homecoming on Sunday with forenoon Sunday School and a talk by Rev. McCormick of Amesville. Afternoon music and readings were provided by Mrs. Hudson of Athens. Mr. and Mrs. Herschel Chaffin and son visited Linscott home. The Morgans of Monroe, Michigan, stayed with Pearl Mortis.
Frances Stanley visited Mrs. Elizabeth Philips on Tuesday. Miss Myrtle Parsons of Beebe stays week with Miss Garnet North. Mr. BE T. Linscott spent Monday and Tuesday in Columbus. Thelma Ashcraft returned after a week at The Garden. Amos Hixson family of Lottridge visited A. P. Hixson Sunday. J W Grover and son from Athens visited Ed Donaldson Sunday. Raymond Muipas announces marriage of son Clarence to Verna Darnell of Athens. Elmer Ballinger of Ardmore and Elmer Dewey of Athens visited Pearl Morris on Wednesday.
Willow Creek residents, including Margaret Lyons and the Dun can/Duncan family, spent Monday to Thursday with relatives in Morris town and at the McClanahan summer camp. Charles Mansfield sustained painful injuries when his team of mules ran away last week. Byron Bartlett and Roger Lee visited Grove Harlbart family. Mrs. Floyd Hoskinson was a Tuesday visitor.
Mr and Mrs Robert Grim traveled to Chillicothe for the funeral of Mrs Grim s brother in law. Mrs Martha Poston and sons Elmer Emmett and Chester of Scatter Ridge and Elmer Showalter of Morristown visited Mr and Mrs Earl Butts along with Mrs Nita Dillinger and sons Floyd and Lloyd and Mrs Margaret Lyons. Mr and Mrs Merwin Mansfield are visiting in Oklahoma. Miss Helen Mansfeld a Miami University teacher is spending vacation at her home.
Rutland social activity includes visits among the Bell, Rawlings, Spires, and Allen families with guests from Cleveland and Athens. A birth is reported for Roy Snowden’s son born August 4, and Miss Lettie McKnight’s funeral in Langaville with services in Langaville. The Ladies Aid Society of the Church of Christ plans a large meeting at Mrs Lizzie Braley’s home next Wednesday.
Jacksonville August 15 The Jacksonville Mothers' club held its annual picnic in the basement social room of the M E Church due to bad weather attendance surpassed 100 with a brief program led by Mrs Reitz including songs prayers readings and a discussion of club history followed by a picnic supper and social time.
Glouster August 15 A meeting of the Drury Drugs football team is set for Thursday August 27 at 7 pm in the American Legion hall. All who played last season are urged to attend and others interested are welcome as the team aims to improve on last season’s fast performance.
Miss Elizabeth Johnson returns to Glouster after a six week trip across the west visiting the Pacific coast. She traveled the southern route there and came back via the north. She will stay with her parents Mr and Mrs Thorss Johnson until month end before resuming her duties on the Lakewood High School faculty.
A miscellaneous shower was hosted by Miss Pauline Vaughn for Mrs. Lenore Moody at the Holzschuh home on Walnut Hill. The event featured a social evening and gifts for Mrs. Moody with refreshments served.
Aug 15 report says Mr and Mrs Joe Stephenson with son Edson and Mr and Mrs James Vaughn Sr with son James Jr will depart Sunday on a motor journey through West Virginia Virginia Kentucky Tennessee and North Carolina.
A six o'clock dinner was held Thursday evening at the home of Mr and Mrs R F Jauchiusz on Spring Street in celebration of Mr Jauchiusz birthday anniversary. Guests included Mr and Mrs.
GLOUSTER Aug. 15 An Athens all state Twilight League squad travels to meet Jacksonville at the American Legion grounds Tuesday afternoon with a 5 30 p m call. Athens battery Webb and Minister versus Jacksonville Withem and Seckinger. Admission 10 cents to cover expenses.
Nellie M. McCance and LeRoy C. Lemmon of Cambridge Ohio were married June 19 1931 at the M E Church parsonage in Athens Ohio. Rev C M Coulter performed the single ring ceremony. The couple will reside at 501 South 11th Street Cambridge and 1426 Campbell Avenue Cambridge.
The Past Noble Grands Club of the Nineveh Rebekah Lodge met in the IOOF Hall with eleven members and several visitors from Jacksonville and nearby towns. First prizes went to Mrs Phillips and Mrs Jones, with consolation to Mrs McHarg and Mrs Zimmeras. September meeting set for Mrs Harold Phillips home.
Heavy hitting by J. Anderson and Thompson and strong pitching from Matt Anderson led Red Town to a 12-2 victory over Bailey Run. Anderson added three hits and struck out seven while Statten allowed five hits and fanned four as the Bailey Run pitcher. Contact William Woods, manager, for game arrangements in Jacksonville, Ohio.
In Trimble Aug 15 a baseball game against Jacksonville ended in a 3 3 tie after seven innings when darkness halted play started at 8 30 p m. Lancaster to face the Legion here Sunday at 2 30 p m.
In pursuance of an Order of Sale in the real court case against Marry Chadwick versus James Evan Griffith et al the property in Athens Ohio will be offered at public sale at the court house door on Saturday August 16 1931 at 1 oclock. The tract includes Outlot No 177 containing 3.21 acres and Outlot No 178 containing 1.80 acres with described parcel lines and terms of sale announced. Wayne Wingett and Hughes Attorneys state the premises located between Congress Street and North Hill Athens Ohio are to be sold subject to the court’s order.
Public hearing set for the budget prepared for Buchtel Willford education for the next school year ending December 31, 1932. Hearing on August 5 at 12 oclock at the Clerk office in Buchtel Ohio.
The state and county announce a sheriff's sale of real estate in Nelsonville at the courthouse door on a Saturday in August at one o'clock. The property is part of Lot No. 74 in Nelsonville described as Fort Street and Franklin Street intersections bounded by Fort Street and Franklin Street. Premises located at Fort and Franklin Streets Nelsonville Ohio. Appraised value to be determined and sale conducted by Wingett attorney for the state.
A. P. Linscott of Canasaville Ohio has been appointed and qualified as Executor of the estate of Charles Young late of Athens County Ohio deceased. Dated this 1th day of Ame mugyunym a7. Aves 89 30tw. 8. M. Johnson Probate Judge of said County.
Notice to creditors of the Estate of Johnson in Nassau County seeks all persons with claims to present them with proper proof within three months to the assignee or be barred. The notice is dated April 13.
Miss Fauntellie Williams spends vacation with her parents Mr and Mrs W A Williams in Columbus. Mrs Charles Hiediebaugh returns from a week with Miss Hannah Treadwell in Thornport. The Queen Bether Class hosted a lawn fete at the M E B parsonage. Various residents travel to Toledo Logan Columbus Zanesville and Newark for visits and conventions.
Arlington report says 61 year old John G Schaaf died after being found on the floor of a furnace room at Schaaf and Bidacy. Brother Dusinner Schaaf is hospitalized but expected to recover.
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