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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Dec 18, 1925
Page
10
Cincinnati reports Liverpool wheat prices failed to follow yesterday’s advance, opening easier with December down and May off 1 percent. Demand was light, receipts light, and locally quotations were trimmed 3 cents. corn and oats weakened further while hay shows easing tone amid limited outside demand.
Indianapolis December 17 announced by Russell L White secretary and treasurer that City Baking Company has merged with the National Baking Company. W J Chad becomes president of both firms and White moves to vice president and general manager to run the combined bakeries across the Midwest.
Local financial notes show daily bank clearings at 13,860,263 with prior day 17,166,266 and last Thursday 11,718,725. Money available at 5½ to 6 percent. trading on Cincinnati Stock Exchange reports 4,127 shares changed hands, with numerous American Laundry Machy and Buckeye Incubator listings and prices.
Columbus stock ticker notes Cities Service at 7 38 a 38 percent and preferred at 84 14 28 54 with price detail truncated. Pure Oil and other listings appear in fragmentary form indicating a mid December trading snapshot.
New York World News Service reports dividends from Crucible Steel Company of America 1.25 quarterly to 5 annual, payable January 31 to holders of record January 15. New York Air Brake 0.50 common and 1 Class A payable February 1, Class A April 1 to records January 6 and March 10. Other firms include United Alloy Steel 0.50 payable January 9 to December 26 record, American Type Founders 2 common and 1 share preferred payable January 15 to January 5 record, Johns Manville 0.75 per share payable January 2 to December 5 record, Reading Company 2 percent common and 1 percent second preferred payable February 11 to January 14 record, and West Penn Power 1.50 on 6 percent preferred and 1.75 on 7 percent preferred payable to record January 15.
Oil City Pa December 17 reports credit balances 3.55 and crude oil activity with runs totaling 57 606 barrels, average runs 40 671 barrels, shipments 75 700 barrels, and average shipments 61 055 barrels.
The Chrysler Corporation acquired Maxwell Motor Corporation in June 1925, owning seven subsidiaries including English and Canadian firms and Chalmers. Maxwell's plants in Detroit Indiana and Ohio produce 800 cars daily, with capital of 218800 Series A preferred shares and 677910 no par common shares. In 1925 nine months earnings totaled 16,275,286 with 22.09 per Chrysler share. Current assets 43,667,580 versus liabilities 14,259,306. working capital 29,408,274. funding includes 3.5 million Maxwell bonds. Preferred dividends of 4 for half 1925 paid July 25. common dividends pending.
Cattle trading slow with weak demand across beef steers and cows, while canners and cutters show brisk activity. Hog market weak on heavier loads with prices sliding. light weights and pigs steady. lambs and sheep mixed with firm values for good grades. Regional receipts and shifts noted for Cincinnati Indianapolis Kansas City Chicago markets.
J M Hutton Jr was in his seat on the Cincinnati Stock Exchange yesterday after admission by the Board of Trustees on Wednesday. He received a hearty reception from exchange members present.
R. H. Gibson of Gibson and Gradison and W. H. Gibson of the Gibson Art Company returned yesterday from a hunting trip at Reelfoot Lake Tennessee. The ticker did not broadcast any of their catches on water or land.
Financial movements were lively and strong but cooled to routine bank transactions. iai co clearings yesterday totaled $13,860, compared with $17,166,266 previously, signaling a decline from earlier peaks.
The chamber committee urged a 100 percent membership goal at the Cincinnati Stock Exchange meeting. The Board of Trustees approved the campaign but may enlist Stock Exchange members to join the chamber to reach full participation.
Directors authorize a $3 per share extra dividend for common stockholders and propose a 50 percent stock dividend with six new shares exchanged for one old share. The plan reduces par value from $100 to $28 per share as part of the reorganization.
Directors of the General Fireproofing company yesterday declared a regular dividend of 1 percent on preferred stock and an extra 70 cents on common, payable January 1 to stock of record December 19. The common dividend for the year totals 12 percent.
J B Kimberly Jr was suspended yesterday by the New York Curb Market for ninety days after violating exchange trading rules.
Directors of the Schiff Trust and Savings Bank in Chicago announce a 25 percent stock dividend drawn from undivided profits. This marks the second stock dividend the bank has declared in a short period.
The Hamilton Brown Shoe Company directors announced an extra 2 percent dividend in addition to the regular 1 percent monthly payment. Both dividends are payable January 2 to stock of record December 23. Last year's extra Christmas dividend was 1 percent.
The spread between high and low NYSE membership values widened with eighty seats transferred this year. The first 1925 sale was $99,000, rising to a record $150,000 after a late year transfer, surpassing the prior $115,000 from 1920. Fifty years ago seats traded between $4,250 and $6,550.
Plans for a merger of the Fidelity International Trust Company and the Coal and Iron National Bank have been outlined to stockholders. The enlarged bank will be named the Fidelity Trust Company with capital of 4 million dollars and 3 million dollars in surplus and undivided profits. Combined deposits total 45 million dollars, swelling resources to 50.9 million dollars.
The Columbia Gas and Electric Company and subsidiaries report gross earnings of 3 378 972 compared with 2 149 500, an increase of 57 percent over the same period in 1924.
After a weekly directors meeting no alteration was announced in the New York Federal Reserve Bank's 3 percent rediscount rate.
Hallgarten & Co. and Boissevain & Co. plan a merger on January 1. The combined firm will operate as Hallgarten & Co. with Andrew J. Miller and Harry H. Moore as general partners. J. L. Pierson of Boissevain & Co. will retire, remaining a resident of Amsterdam, Holland.
United Light and Power stockholders may subscribe to one Class A share at $6 and one half Class B share at $2.50. They will also receive a warrant for one more Class A share at $8 by December 31, 1926 and another by December 31, 1927 at $12.
Otis and Co privately placed 100000 shares of no par common stock of the Jaeger Pacnine Company of Columbus Ohio at 25 dollars per share. The transaction details indicate a large private equity placement by the Columbus firm through Otis & Co with price set at 25 dollars per share.
Gross earnings for the year ending November 30 1925 totaled 19 359 958 51 dollars versus 17 368 090 64 dollars the prior year. Net earnings reached 18 627 202 01 dollars compared with 16 704 044 02.
The Industrial Acceptance Corporation yesterday announced a $1 ordinary dividend on common stock an extra $1 on the second preferred and regular quarterly dividends of $2 on second preferred and $1.75 on first preferred all payable on January a stock of record December.
Daily foreign exchange rates show Sterling demand at 4.84 and cables at 4.85 dollars. Rates cover France, Italy, Belgium, Switzerland, Holland, Germany, Austria, Greece, Sweden, Norway, Denmark, Spain, Portugal, Czecho Slovakia, Poland, Finland, Romania, Jugoslavia, Bulgaria, Japan, Hong Kong, Shanghai, Mexico, Calcutta, Argentina, Brazil, Uruguay, Chile, Colombia, Venezuela, Havana checks, and Canada.
On December 17 in Chicago stocks showed Armour-preferred at 91, Middle West Utilities 114 and a half, Real Silk at 59, Swift & Co 113, Swift International 2214, Union Carbide 78, United States Gypsum 159, United Light and Power A 14814, Wahl 914.
Chicago December 17 butter market ruled steady with little buying interest. Fresh 92 score offered at 45 and centralized 90 score at 44 4 c, as trading remained quiet.
The station list for today includes WTIC Hartford at 7 P.M. with Travelers' Carol Club, WGY Schenectady at 7:15 P.M. with The Mother Woman, WBZ Springfield at 8 P.M. with a Christmas carol program, WLS Chicago at 7 P.M. with Apollo Club, and WLS Chicago at 11 P.M. with Paul Ash and His Orchestra.
Radio listings show a cluster of stations including Central KMFQ KFUO KPRC WCBD WKRC WLW WSUI KLDS WOIL and Eastern CKAC PWX WBBR WDAE WFI WGBS WHAZ We WRC WREO WAFD WMAK WTAM, indicating time slot programming across multiple markets. No events or actions specified beyond station identifiers.
The 6 30 p m organ concert leads a lineup including lullaby time at 7, Studio Trio at 7 15, Poets Corner at 7 45 and the R F D program at 8. Apollo Club performs at 9, with a piano hour and a final Orchestra slot to wrap the broadcast.
Radio guide lists 56 P.M. Child life stories 6 P.M. Organ Family Altar League Wide-Awake Club 8 P.M. Musical lecture Trio 9:45 P.M. Christian Endeavor topics with Soprano remark.
A radio schedule lists at 7 P.M. a duo performance and a 9 P.M. semi classical program followed by an orchestral set. The station airs a popular program block in Chicago.
The listing shows a Chicago station schedule for the evening with a 7 PM dinner hour concert featuring vocal solos, a 10 PM Rainbow Skylarks set with songs and instrumentals, and a 1 AM Ginger hour segment.
The schedule lists 6 PM Organ and Tenor at WHT Chicago with a string trio and soprano at 7 45 PM Musical features by the orchestra at 3 30 PM the Loft half hour with a pianist and vocalists and at midnight Your Hour League.
KYW Chicago airs a lineup with Uncle Bob bedtime stories at 6:35 P.M. followed by an orchestra, Home Lovers' Hour at 7:30, a Midnight revue at 10, an organ recital at 12, and the Insomnia Club at 1 A.M.
Schedule shows at 7:45 P.M. a concert program followed by 9 P.M. Morning Glory Club with dance. At 9:30 P.M. Rufus and Rastus perform. Also note a 9 P.M. morning program and 7:45 P.M. musical program entry.
WMCA New York lists 5 30 p m orchestra 6 p m talk 7 p m course in public speaking piano bass voice 7 50 p m Steamboat Row talk 8 p m Hardman hour of music 10 p m tenor theatrical program with entertainers listed throughout the evening.
WTIC Hartford lists today’s lineup with Young People half hour at 5 30, Hotel Band Trio at 6, Mr H H Armstrong at 6 30, Travelers Choral Club at 7 with 70 vases, dance music, and a special feature at 10 30.
At 5:30 P.M. International Sunday school lesson follows dinner music at 6 P.M. A radio French lesson airs at 6:40 P.M. and English program at 7:15 P.M. The evening concludes with a 9:30 P.M. orchestra and pianist.
WEAF New York presents a 5 P.M. dinner music block followed by A Tri With Santa Claus at 6 P.M. and a 6:30 P.M. children's program hosted by a pianist. The 7 P.M. segment stars Happiness Candy Boys with 7:30 P.M. Trio and 8 P.M. Entertaines. A 9 P.M. barytone appears with 9:15 P.M. announcements and a 10 P.M. orchestra finale.
At WBZ Springfield the day features a 5 30 p m Little symphony a 6 30 p m tenor recital a 7 p m orchestra a 7 30 p m concert and a 8 p m program of old Christmas carols with multiple performances listed.
The station lists stock reports at 3 30 P M dinner concert at 5 30 P M children’s program at 6 30 P M motor topics at 7 30 P M and orchestra following.
Persistent selling driven by Winnipeg quotes keeps Chicago grain futures unsettled as wheat closes lower. New and old crop prices slip with December at about 1.73 to 1.74 dollars, May around 1.68, while corn oats and provisions show varied losses and minor gains. New York cotton futures begin with a decline then recover slightly to end barely steady.
Building Commissioner George Hauser and Chief Housing Inspector Charles Sagmeister condemned forty structures in the West End block bounded by Hannibal West Fifth Pierson and West Sixth streets. Fifteen days remain to repair twelve others. seventy six families are affected with thirty seven by abatement notices. Police chief Copelaw pledged time to relocate, and Better Housing League workers will assist.
Jurors in Roettinger Court of Common Pleas converted the jury room into a rathskeller for a yuletide celebration. The deputy clerk Eric Schulte and attorney attached to the court received gifts from jurors. Hosts included a long list of ladies and gentlemen led by Mrs Minnie Stump and Mrs Muriel Prather as organizers.
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