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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Jan 22, 1925
Page
10
Cincinnati dispatch notes a higher start on stronger Liverpool prices with Manitoba buying in the UK, but heavy commission selling and profit taking dampen gains. May and July close lower while cash markets ease. receipts light and hay and corn show dull trade with modest losses.
New York curb market reports total stock and bond sales with listed figures for many industrials and utilities. The document shows prices and percentages for numerous issues, including Childs Co. new, Goodyear, Swift & Co, United G and E, Pure Oil, and Procter & Gamble among others, plus a Cincinnati financial update and crude runs at Oil City.
New York World News Service reports daily foreign exchange quotations. European rates include Sterling at 4.78 and 4.7814 cables, France 5.40, Italy 4.12, Belgium 5.06, Switzerland 19.26, Germany 23.80, Spain 14.20, Poland 19.25, Canada 99.62, Argentina 40.10, Uruguay 100.00, Brazil 11.85, and other spot and cable figures for markets across Europe and the Americas.
Cincinnati market reports for January 21 1925 show cattle receipts 589 with 374 arrivals noted later and steady to firm price quotes on beef steers and cows with light competition for heavy grades. Hogs receipts overshadowed by price declines with mixed loads and top regions around $11.10 for heavies and $9 for lights. sheep and lambs sold steady to firm with fat lambs topping near $18.50 and ewes around $10 to $11.
Ohio announces new incorporations including Hobson Company of Hobson with 50000 by Edward Kennedy and H H Williamson. Meigs Colliery Company of Rutland 80000 by Edward Kennedy and L J Heiner. Seaboard Oil Company of Columbus 500 by Herbert M Myers and Charles A Ward. N A Neff Company of St Claireville 150000 by Nelson A Neff and William Eberhard. Star Butter and Egg Company of Cleveland 10000 by H L Wolowa and Bertha Kramer. R E Wenger & Co of Greenville 100000 by R E Wenger and Frank Warren. Moreland Realty Company of Lima 100000 by W R Mumaugh and G E Williams. Mitchell Smith Company of Cleveland 25000 by Frank H Pelton and R L Davis. Case Apartment Company of Cleveland 1000 by A W Harman and E M Goodsmith. Supreme Radio Company of Youngstown 50000 by Alvin O Bowers and Charles A Ramer. William Fridrich Moving Company of Cleveland 10000 by William and William H Fridrich. Robert A Cline Inc of Cincinnati 500 by Robert A Cline and Joseph A McDonough. Real Estate Owners Service Association Inc of Cleveland 500 by L W Wickham and G P Gordon. Franklin Securities and Investment Company of Mentor 500 by Alice Mumaugh and Everett Crumrine. Franklin Loan and Discount Company of Mentor 500 by Alice Mumaugh and Everett Crumrine. A Crumrine a Franklin Radio Corporation of Columbus 1000 by E Besuden and Herbert Mallette.
New York trading opened with May contracts at 23.92 cents as larger private ginning and soft Manchester advice influenced prices. May rose to 24.04 and closed at 24.08 cents while the overall market slipped two to seven points. Liverpool trade remained quiet with old crop selling and new buying noted. Exports reached 2,786 bales for the day, season total 5,087,048. Port receipts stood at 21,268 bales and U S port stocks at 1,552,260.
Call money in New York remains at 3 percent with bids at 2 1/2 percent and last loan at 2 1/4 percent. Time loans show mixed collateral and ranges from 3 1/4 to 8 1/2 percent with prime commercial paper around 34, 40, 23 percent. Bar silver at 68 5/8 cents. Mexican dollars at 52 3/4 cents. London reports bar silver at 8 1/2 d. money at 3 percent. Discount rates show short bills 8 3/8 to 11 16 percent and three-month bills at 3 13/16 to 4 percent.
Minneapolis report shows flour shipments 40 844 bbls and unchanged prices. Wheat values listed for No 1 Northern and futures May July with slight variations. Corn No 8 yellow quoted and oats No 3 white and flax No 1 priced with cents and fractions.
Dividends were announced by G. R. Kinney Company Keystone Telephone National Supply Lord Taylor National Cloak and Suit Melville Shoe and others. Each firm set payment dates and record dates for preferred and common stock including March and February deadlines.
Cincinnati Chapter of the American Institute of Banking hosts a dinner at the Grand Hotel at 6 30 pm. Charles M Dean and Kenneth be Clark discuss new features of the 1924 income tax law and key problems involving individuals and corporations.
The Pere Marquette Railroad filed with the Interstate Commerce Commission to issue 7 814 000 in bonds to reimburse its treasury for expenses and betterments and to purchase securities of its subsidiary corporations.
Endicott Johnson Corp reports net 1924 profits of 4,175,644 after preferred dividends equal to 8.04 a share on 20,268,000 common stock versus 1923 4,154,269 or 7.95 a share. Sales declined about 187,000 to 66,378,177.
Stockholders of the Cincinnati and Suburban Telephone Company are notified the annual meeting will be held at 225 East A Street on Wednesday February 18 at 12 oclock noon. The agenda includes electing a Board of Directors for the coming year and transacting other lawful business.
Stockholders of the Early Daniels Company are notified of the annual meeting to be held January 26 at the company's offices. Directors will be elected and other business transacted as may come before the meeting.
Thomas Eviston, a veteran officer, was knocked unconscious in the Newport Police Headquarters during a confrontation with Detective Jackson. Jackson, recently appointed detective, fled after the incident. Both men posted $1,000 bonds and were assigned to day duty as an investigation is planned by the City Commission.
The Seton Realty Company purchased a block on Findlay Street comprising residences 1016 to 1026 and 1030 to 1036 along with a vacant lot at 1 Findlay Street. Six eight room houses and two twenty room apartment structures make up the parcel. The sale price was not disclosed and the deal was negotiated for an undisclosed client through the Frederick A. Schmidt Company.
Ashland Kentucky Mayor William Salisbury was censured by the City Council for an alleged dispute with Rev E R Overley pastor of First Methodist Church. The council resolution labeled the mayor action indecent and ordered him to desist.
Yesterday new offerings included a $2,500,000 Consolidated Cigar Corporation three year issue at par with a 6 percent coupon.
U.S. Steel subsidiaries operate at over 95 percent capacity, up from 92 percent last week and 85 percent two weeks ago. The Pennsylvania Railroad placed a 100000 ton rail order, allocating 93000 tons to U S Steel and Bethlehem Steel, and 7000 tons to Inland Steel.
The directors of the American Water Works and Electric Company yesterday declared an initial dividend of 11 percent on the $20 par value common stock, a holding company for public utility properties across Alabama Tennessee Illinois West Virginia Pennsylvania Missouri Arkansas and Kansas.
Northern Pacific's preliminary statement for 1924 shows net income after taxes and charges of 14,950,224 or 6.02 a share, up from 12,981,426 or 5.23 a share in 1923. Despite lower gross revenues of 94,583,954 from 102,002,000, Howard Elliot, chairman, said expenses were reduced by 9,858,874, earning directors' approval.
Directors of the Charles Freshman Company Inc a radio manufacturer announce a regular quarterly dividend of 50 cents a share plus an extra 12 1 4 cents per share both at an annual rate of 2 dollars. Dividends payable February 26 to holders of record February 5. The payout exceeds first twenty one days earnings and surpasses Wall Street expectations of 1.50 dollars per share. It is the first declared on common stock of any radio set manufacturer with a public market.
A six story building at F733 East Fifth Street will house the James Vernor Company of Detroit Michigan as lessee. The ground floor will host a retail store while upper floors are for manufacturing and storage of the lessee products. Lease term is for years at 12 dollars annual rent. The Schmidt concern chain store leased space for Seton Realty Company with branches in Buffalo, Cleveland and Detroit.
A. O. Elzner was re elected president of the Cincinnati Chapter American Institute of Architects at Vernon Manor. Officers elected for the year include Bert Baldwin vice president Harry Price secretary and Benjamin Steinkamp treasurer. John Zettle named advisory board member for a three year term. Dorothy Bunker and Elizabeth Schmidt sold a brick tenement at 707 and 709 West Second Street for 3500 to Samuel Mayerson per Frederick A. Schmi Company.
F H Alfred president estimates 1924 surplus at about 4.8 million after charges, over 7 percent below 1923, equal to 8.03 a share on common stock after 5 percent on preferred. Loss of about 41.7 million was 9.2 percent less than 1928. The 1925 budget totals 3.428 million, with 2.599 million for additions and betterments and the rest for maintenance. The 1924 budget exceeded 6 million.
J. P. Morgan & Co shipped $2.5 million in gold to the Reichsbank as part of the German loan, bringing total exports for this account to $35 million. The Canadian Bank of Commerce sent $1.1 million in gold to London.
Bids for the First National Bank of New York stock led by George F. Baker climbed $125 to $2,525 a share yesterday amid unconfirmed talk of a stock dividend or a merger with the National Bank of Commerce. The prior June quotation stood at $1,470.
Directors announced a proposal to raise International Telephone and Telegraph Corporation capital stock from 25 million to 50 million. Stockholders will vote February 10 at a special meeting. The group began in Porto Rico and Cuba and, with AT and T, holds all stock of Cuban American Telephone and Telegraph Company linking Cuba to Bell. U S Steel workers may subscribe to 100000 shares at 125 each under the plan, with a 30 day period ending February 21 1925. Elbert H. Gary chair announced yesterday. A year earlier stock was offered to employees at par.
Walter E. Kruckemeyer of Clifton chased away a would‑be robber at the L. Kruckemeyer Store and Range after the assailant threatened him with a knife. The thief dropped a box with papers of no value and fled. Police later detained William Gillen in Atlanta, Ga., found with two large knives and a flashlight.
United States bonds in New York traded with Liberty at 102 18, first 48 at 101 17 bid, second 4s at 100 22 bid, ee 4s at 106 26, second 4s at 100.80, third 4% at 101 12, fourth 4s at 101 25, Treasury 4s at 100 17, Treasury 4(14)s at 104 29.
Columbus report notes Cities Service on do preferred 80 percent to 84 percent trading range. Pure profits and market shifts are hinted as investors assess utility equities in a cautious session.
In Chicago trading on January 21 Armour preferred at 88 Libby McNeill 8 Middle West Utilities 84 14 Swift & Co 116 Swift International 338 United States Gypsum 126 Wahl 17 show varied moves amid cautious demand as listed firms report steady or modest shifts in price.
The Fountain Theater leases the second floor at 11 East Fifth Street to the Independent Taxi Cab Owners Association for one year for office use. The Schmidt Company also leased the store at Eighth Street and Broadway to Harry Meyer for three years at a total $9,000. a barbecue restaurant will operate there. Also sold was Abe Segal's former Walnut Hills residence at Madison Road and Fairfield Avenue for $20,500 to B. Lee Hutchinson. remodel planned at $15,000. Royalto Realty Company reelects Robert A. Casey president. firm’s capital raised to $250,000 with stock split.
Harry Stockhoff, a policeman, faces a manslaughter charge linked to a streetcar collision that killed two children on Freeman Avenue. The officer, injured in the crash, was suspended for dereliction of duty. Margaret and Carol Bretnitz died. their mother and other sibling injured. Funeral services set for tomorrow at St Church. Stockhoff and Rudolph Pfeffer both faced disciplinary actions with officers cited for duty failures and intoxication respectively.
Funeral services for Mrs Mary A Reeves 82 a longtime Bellevue pioneer will be held Friday morning at St Anthony's Church. The widow of Spencer Reeves a former dancing teacher she died Tuesday night and is survived by two daughters and two sons. She had suffered poor health for years.
Dr J A Winkler assistant state veterinarian asked Newport city commissioners to help in a statewide campaign against cattle tuberculosis. He requested an additional $200 for local tests, with the state providing a competent tester. Campbell County Fiscal Court had already appropriated $1000 for the effort. the matter went to the Health Board.
Elmer Welkley of Newport was fined 25 dollars and costs by Judge Schmidt after being arrested on a warrant sworn by Katheryn King. The charge stemmed from an accident at Taylor and Fairfield avenues in Bellevue that damaged both his car and Miss Kings car several days earlier.
Dayton Ky actor Raymond R Kolb 32 was granted divorce by Judge Caldwell from Mrs Helen Gail Kolb known on stage as Gail Bandell. He says they married January 20 1922 in Nebraska and she deserted him August 1923. A Cincinnati musician was named in testimony. Her whereabouts remain unknown.
Realty transfers show Harry L. Morris selling a Newport lot to Charles B. Read for $500 in stamps. Marriage licenses list Eaton O Melva Mavin from Eaton Kentucky and Elwood Hartig from Newport Kentucky with Emma Engle of Newport Kentucky.
Judge Caldwell awarded Walter D. Murphy and Elmer Conway, Cincinnati attorneys, $450 and a one-half interest in two lots in Newport's Buena Vista subdivision. The ruling completes their suit against Emma N. Caldwell to recover $763.30 for services.
The Tennessee Central Railroad will open an office in the Southern Railway Building at Fourth and Sycamore streets on February to aid movement of coal cotton and other Southbound goods through Cincinnati. Freight Traffic Manager J A McNeil announced the plan after a meeting with Southern Railway Vice President John B Munson. A M Payne will supervise the new Cincinnati office from Nashville preceding duties at the company’s headquarters.
The Women’s City Club cancels all meetings for Friday due to funeral services for Mrs. Phillip Ziegler at 1 30 PM. Ziegler was an active member and chair of the Play Productions Committee.
The Covington Savings Bank and Trust Company board elected C. W. Simrall as president to succeed the late John P. Ernst. Simrall previously served as vice president. J. T. Hatfield was chosen vice president and Al Timmerding as secretary and treasurer. New board members are J. Crowe and Homer J. Northcutt.
Members of the Fraternal Order of Eagles No. 329 are called to meet at Eagles Hall at 8 o clock this evening January 22 and proceed in a body to the residence of the late Brother Fred Gerhauser 2218 Busse avenue to hold funeral services and pay respects. Samuel Furste Worthy President H G Klosterman Worthy Secretary.
Two building permits issued to E K County for frame residences at 304 and 306 Beech avenue cost 3000 each. Henry Cowens fined 25 dollars and costs for intoxication. Cowens accompanied Walter Johnson to Covington where Johnson died later in Covington Jail of acute alcoholism. Holmes High School seniors to stage Nothing But the Truth on Monday at the auditorium February 9. Kenton County Farm Bureau to hold annual election Monday at Independence with officers and directors to be chosen.
Kenton Circuit Court records show Mrs. Bessie Bellew filing for divorce from Russell Bellew of the Railroad Y M C A. They married in December and lived together until December 1923.
Lebanon Ohio and Cincinnati entries show couples and residences. Names include O Donnell Lambert Kulhtf Covington Genevie Gerwe Samuel Forrest Winchester Indiana Margaret Bloom Union City Ohio Joseph Ferguson Cincinnati Hester Handley Cincinnati John Everman Cincinnati Maude Dixon Cincinnati with varied locations.
L R Duerson a Richmond merchant filed a voluntary petition listing assets 8050 and liabilities 9505. Harvey Scott a Mercer County farmer lists assets 3135 and debts 15085. Hugh Richardson an Irvine railroad switchman values property 2439 and owes 519.26. D M Banks a laborer lists assets 105 and debts 568.
Covington Lodge of Eagles will hold services at 2 PM tomorrow for Fred Gerhauser of 2218 Busse Avenue. He died at St Elizabeth Hospital from blood poisoning stemming from a finger wound caused by a splinter while unloading railroad ties for the L and N Railroad. He leaves a widow and five children. burial at Highland Cemetery.
Old Kentucky Lodge of Moose conducts a special initiation at the temple at Fifth and Madison tonight. Twenty five candidates will be inducted into the order with the Newport degree team led by Captain J G Gilb in charge. A luncheon and smoker will honor the class, and several speakers will address members as part of a membership campaign.
Charles Wiedemann III president of the George Wiedemann Company and father of Carl Wiedemann is confined to his Park avenue home in Cote Brilliante Kentucky. Doctor W H Dunham of Cincinnati says the illness is not serious but a long rest is needed. Wiedemann has been active in Newport business and civic life including leading the Newport Health and Welfare League and serving as former Newport Rotary Club president.
The will filed in Probate Court leaves 208 Columbia Street Newport to Walter Ingles. The 206 Columbia Street property and the remaining estate go to George Bond who is named executor. Mrs Littlejohn resided with the Bond family.
Judge Moore referred John Cotton Sullivan former city employee to Juvenile Court on a charge involving a twelve year old boy. Absence of County Attorney Matz led Judge Buren of Juvenile Court to continue the case.
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