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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Aug 27, 1925
Page
10
Cincinnati reports show persistent bearish sentiment among traders due to hedging pressure from the Northwest offsetting weather fears and stronger near term demand. Cash markets eased with futures down. limited interest kept prices for many grains and hay largely steady to down, while notable declines appeared in September corn options and spot offerings.
Official New York Curb Exchange listing details trades across industrials and mining sectors with totals for stocks and bonds. Notable entries include Alpha Cement American Woollen Amalgamated, DuPont and Gulf Oil among many firms with varying bid and offer figures.
The mid week cattle market shows steady demand with 593 fresh arrivals and 675 carried over. Prices hold with good grades scarce, beef steers 7.0 to 10.5, cows 2.75 to 6.50, stockers 3.50 to 7.50 and calves 9.00 to 14.00. hogs active 12.75 to 13.50, sheep and lambs steady with ewes 4.00 to 6.50 and lambs 12.50 to 15.00. Reports from Chicago Kansas City and Indianapolis mirror firm to higher packing prices and varied demand across classes.
A detailed listing of farm market rates including vegetables fruits and grains. Includes prices for onions radishes spinach squash and beans homegrown by the box or by the bushel. Livestock dairy and poultry prices cover fowls eggs calves lambs butter and hides with track sales notes and car counts for peppers melons and citrus. Local representative J. G. Scott notes August 26 1925 sale details.
American Tobacco Company declares 4 percent? no quarterly 144 per cent preferred payable October 1 to holders of record September 10. American Public Utilities Corp pays 1.75 prior preferred and 1.50 part preferred to record September 15 for October 1. American Public Service Corp offers 1.75 preferred to record September 15. Federal Motor Truck Co pays 3 percent to stockholders of record September 19 for October 1. Pennsylvania Water and Power Co declares 2 percent payable October 1 to record September 18. Liggett Myers Tobacco Co quarterly 1.5? percent preferred payable October 1 to record September 15.
In New York money markets call money ranged around 4 1/4 percent with firm rates and a 4 1/4 percent close. Time loans held steady with 60 to 90 days at 4 1/2 percent and four to six months near 4 1/2 percent. Silver traded near 70 3/4 cents and Mexican dollars at 64 1/2 cents. In London, bar silver quoted at 82 7/16 pence and money at 3 1/2 percent with short bills at 3 11/16 to 3 13/16 percent and three months bills around 3 1/8 to 3 3/4 percent.
Minneapolis grain and flour prices show flour down 10 to 35 cents to about 8.65 to 8.70 a hundred pounds. Shipments noted at 39,700 bushels. Wheat values listed for No. 1 Northern and futures months, corn and oats quotations, and flax price around 2.47 to 2.48.
In New York on August 26 the cotton market saw sharp rallies fade into renewed weakness. The August and December contracts fell to 23.02 cents, closing steady with net declines of 19 to 24 points from the session's highs.
Crude oil report from Oil City on August 26 shows credit balances at 3.80 dollars and totals for runs at 9,410 barrels with average runs around 40,004 barrels. Shipments reach 25,48? barrels with average shipments near 60,872 barrels.
In New York on August 26 traders saw bond activity dip despite easing money and upbeat debt talks. Seaboard Air Line Railway 4s traded publicly at 72 with insiders noted. Danish and Norwegian bonds rose on currency gains but were not echoed in their debt. Frisco incomes improved slightly while coal bonds softened with miner supply news. international issues and utilities largely held, with some rate-sensitive bonds slipping on price cuts and shifted leadership by telecoms.
Free liquidation and lack of supportive news push Chicago grains lower on August 26 at the Board of Trade. Wheat declines, with September at 1.56 and December 1.55. corn down to 94 cents. oats and provisions also fall.
Armour preferred 89 percent Fair 31 percent Libby McNeill 7144 Middle west Utilities 104 Swift Co 112 Swift International 26 Union Carbide 72 United States Gypsum 198 Balaban Katz 76 Real Silk 59 United Light and Power 123.
Cincinnati reports total bank clearings of 11,204,264 with varying loan rates and stronger demand. Stock exchange floor shows 3,647 shares traded today with many listings including Procter & Gamble and Kroger. Foreign exchange figures and Liberty bond activity are also noted.
About 2000 additional cattle will be slaughtered in the fight against foot and mouth disease. Cattle in contact with diseased stock in the Houston area have triggered quarantine and road closures. Pasadena remains a key danger point eight miles south of Houston, with two highways out of Houston closed to traffic.
The MacMillan ships Peary and Bowdoin push south through blinding snow and heavy fog toward Melville Bay. Delays at Murchison Sound force a night near Saunders Island while Parker Snow Point is reached by the Peary. Entry into Melville Bay follows Cape York as the hardest leg of the voyage.
The Dollar Line steamship President Field ran aground for almost eleven hours today on Half Moon Shoal near Nantucket. The liner was floated by high water this afternoon, sustained no damage, and then proceeded to New York.
Clarence Darrow, defense attorney in the Dayton Scopes trial, criticized Judge Raulston in Girard Kansas charging the judge used the defense to spur his bid for re election. He called the charges a publicity stunt aimed at displacing him from the bench.
Louis Cook of Ft. Thomas police found three stills on a first floor and seventy barrels of mash on a second floor at 39 Stewart Avenue. Herbert Bruen of Cincinnati, arrested for speeding, led to the raid after his car left the Stewart Avenue residence carrying ten gallons of moonshine. Carl Rogers, tenant, was fined 300 and costs and sentenced to 30 days and a 1000 bond for possessing stills. Bruen received 100 and costs and 30 days for speeding and transporting liquor.
Charles Sebree of 208 Jackson street Dayton Kentucky is jailed in Newport on a 5000 dollar bond for highway robbery. He is also wanted in Hamilton County on two indictments for attempted burglary and possessing burg lar tools. Sebree will be arraigned Thursday for the robbery and is linked to the Norwood Protting case from June 30. He forfeited bond on the two charges and his Campbell County case will be heard first. He faces federal prohibition charges and awaits grand jury appearance.
Leroy Ingalls, described as a negro, paid $10 plus costs after a speeding charge in Police Court with Officer Derrick testifying he drove 31 mph on Patterson street. John Marshall of Cincinnati paid $8 costs for failing to observe a stop sign at Tenth Street and Grand Avenue. Ernest Gadd of Andrews Steel faced a disorderly conduct charge but the case was continued indefinitely due to the prosecuting witness illness.
In Kenton Circuit Court Barbara Saunders of Detroit Michigan sues for divorce from Joseph Saunders and restoration to her maiden name Riegler. Katherine Stephens also sues for divorce from Robert Stephens on abandonment and seeks alimony.
Highlands Development Company transfers a lot in Ft Thomas to Mae Getty with stamps valued at 3500. Mary King sells a Newport lot to Harry Simms for 5500. Newport Finance Corp transfers a Southgate lot to A J Dietrich for 3000. Robert J Lipscomb sells a Dayton lot to Robert Stillwell for 2500. Edward Walter transfers a Dayton lot to Charles H Wilson for 500.
A fragmented marriage notice lists individuals such as Henry Riegel Callie Fisher Calvin Goodfriend Celia Hostegel Osber Zachary and others tied to places including Dayton Bellevue Cincinnati Mt Victory Campbell County California and Darke County Ohio. The scattered items reference spouses and communities in Ohio Kentucky and beyond.
Secretary of the Navy Wilbur admonishes First Lieutenant Andrew L. W. Gordon for not proving guilt in a general court martial. Ruth M. Anderson and Katherine Clancy, chief nurse and nurse, were acquitted of attempting to smuggle liquor to a naval transport. The letter criticizes failure to present nurses' written statements and to cross examine Anderson.
Washington, Aug. 76. Controller General McCarl uncovers a system where navy and other agencies used employees as notaries public to collect fees for oaths. He orders the fees abolished as improper charges, halting payroll notary use and removing government salary duplications. The Navy had instructed that only notaries not on the payroll be employed. This decree yields no net saving but removes fees to government notaries.
Ruth Doherty eight year old daughter of Murphy J Donerty agricultural instructor at Hughes High School was injured in a motor bus collision with her family’s car near Oshawa Ontario Canada. She suffered two broken fingers and a scalp cut while her mother and younger brother Carl were uninjured and a bus passenger woman was cut.
The Norman steamer disaster on May 8 in the Mississippi River is blamed on nearly all officials and employees connected with the boat and its operations. A special report by Major General Taylor cites multiple contributing causes and notes inadequate ship inspections before the trip.
George F. Eagan a Covington Post Office employee 33 is arraigned on embezzling 247.24 over thirty days. Bond set at 500 with preliminary hearing Monday. He confessed and made good the defalcation. Eagan 11 years with the Covington office in charge of the C O D department.
A blast from two gasoline tanks at the Petroleum Refining Co plant near Latonia race track caused a major fire. Three fire companies fought the blaze as flames reached hundreds of feet high and black smoke darkened the sky. Two workers, Charles Due and Clyde Smith, were burned but not seriously injured. The loss is estimated at 25 000 to 30 000 dollars.
Socialist party leaders yesterday filed a ticket with County Clerk John W Middendorf. Candidates include Senator Twenty fourth District John Thobe Representative Sixty third District Frank X Mills Representative Sixty fourth District Arnold S Harbin Representative Sixty fifth District Frank E Leeds County Commissioner First District Peter Blane Second District William Catton.
The Kenton County Grand Jury will investigate the trading of automobile licenses linked to John Lemmons of Covington after he faced a Covington Police Court charge of obtaining money under false pretense. Lemmons admits giving plates to his uncle John T. Lee as an accommodation with no payment received, and Lee reportedly reclaimed one plate and used the other on a different car. Lemmons is held under a $200 bond.
Sawyer A. Smith filed suit for the United States in Covington against Kentucky Elkhorn Coal Corporation of Pike County to compel production of books and records for Internal Revenue Service inspection to verify 1920 and 1921 income tax returns. Frank R. Scott, the president, allegedly refused on August 11 to permit inspection and also refused a summons served August 17.
In Covington Mrs Nettie Marshall and another woman faced a Police Court-ordered peace bonds of 100 each after a quarrel at 524 Craig street. Separately, bankruptcy filings and grand jury actions dominated local business and crime coverage, with several defendants facing federal charges for liquor possession and a carious list of bonds.
The Foresters of America adopted a resolution urging a reasonable modification of the Volstead act. They stated that most Americans are not satisfied with the law’s results as the three day convention closed in Detroit.
Covington Firemen's Aid Society last night elected officers including Gus Musser as President and Peter Halloran as Vice President. Other named officials were John Akeley Financial Secretary Edward Radenheimer Recording Secretary Matt Reed Treasurer John Ryan Sergeant-at-Arms with trustees Frank Northcutt Rees Pattison Al Bowman Frank Arrio te Henry Deye and Jeff Lutter.
Two Indianapolis couples traveled to Covington to wed in a novelty Kentucky ceremony. Licenses were issued to Marvel William Dallas and Mary Pearl Moore and to Howard B. Kenecke and Edith Frances Moore. The double wedding was officiated by Rev. C. W. Graham and the couples planned a surprise return to Indianapolis.
The Kenton County Court probated the will of Herman Dothhengall a retired cafe owner who wed last week. He leaves real estate at 414 Philadelphia street 509 West Fifth street 511 and 514 West Fifth street to his children with the residue shared among all. Joseph Dothengall is named executor. Also the will of John F McNay Latonia 27th and Rosina streets leaves the estate to widow Estella McNay who serves as executrix without bond.
A readable fragment lists names such as Everett Peters Marie Magee Arthur Hensley Catherine Drees William C Sam Lois Day Arnold W Reffle Forrest A Stame James Elder Marcella Burdsa Virgil Evans Nora Alcorn Patrick M Holman Helen Marie Lang Herman Blakely Elizabeth Barton. Covington Albany Ind Covington Cincinnati Covington.
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