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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Jul 08, 1925
Page
10
Wheat futures rose nearly four cents on July and September contracts as demand improves and export prospects brighten. Cash markets lagged due to Western competition. oats and hay prices softened. a lengthy cargo of farm and fruit prices shows mixed gains and declines.
The Fourth and Central Trust Company reports assets including U. S. bonds and securities, real estate, loans on collateral and real estate, cash items, and a large total asset sum. Cashier J. F. Klein attests the statement as true, sworn before Notary L. G. Gatch on July 7, 1925, with directors Keplinger Jones Sutphin.
Official list of New York Curb Exchange transactions reports total stock sales 412,800 shares and bond sales 797,000 dollars. Includes numerous tickers across industries with varied prices and volumes, reflecting a busy session on July 7 in equities and bonds.
New York World News Service reports European and Far Eastern rates on July 7. Prices are listed for demand and cable exchanges including France Italy Belgium Switzerland Holland Germany Austria Greece Norway Denmark Spain Portugal Hungary Czecho Slovakia Poland Finland Romania Yugoslavia Bulgaria Japan Hongkong Shanghai Mexico Argentina Brazil Uruguay Canada Havana Colombia and Venezuela with latest figures and small changes.
New York July 7 dividends declared include Cuba Co semi annual 3% pay August 1 to records July 15. Cuba R A 6% preferred payable in two 3% installments. first August 1 to records July 15, second February 1 1926 to records January 15 1926. Iron Products Co 75 cents common payable July 30 to records July 16. General Development Co quarterly 25 cents on August 20 to records August 1. Utica Gas and Electric Co quarterly $2 payable July 15 to records July 5. Universal Pipe and Radiator Co quarterly $1.75 preferred payable August 1 to records July 16. Salt Creek Producers Assn Inc payable August 1 to records July 15. Fajard Sugar Co quarterly $2.50 payable August 1 to records July 18. Century Ribbon Mill quarterly 59 cents common payable July 31 to records July 20. Also regular quarterly $1.75 preferred payable September 1 to records August 21.
The Treasury Department will pull 2 600 000 dollars from Federal Reserve member banks in the New York district on Thursday and proportionate amounts from local member banks. A record 13 250 dollars was paid yesterday for membership in the New York Coffee and Sugar Exchange when F G Brown’s seat sold to Fried Fuerst Co. The New York Cotton Exchange seat of M Hart sold for 31 500 dollars to Thomas F Cahill, up 1 500 from the previous sale. Officials of Certainteed Products Corp report foreign business ahead of last year especially in Scandinavian countries with orders for lino leum roofing paints oil cloths and other building supplies. Profits for 1925 are estimated around 1 800 000 dollars or about 19 dollars a share on common stock. Earnings on the common last year were 8 97 dollars a share. The copper market was stirred by word a large English metal dealer sought 27 000 000 pounds of copper for future shipment but producers were unwilling to take orders awaiting higher prices. European consumption in the second half of the year is expected to improve.
The report notes Shell Transportation and Trading Company paying a two shillings six ace dividend on one pound shares via Equitable Trust Company dated July 25 for record July 16. It covers International Cement Corporation’s $6,750,000 7 percent cumulative preferred stock selling quickly. Mack Trucks stock rises as rights to buy 75 000 common shares at 100 share give a strong lift, with the stock near 188 after a 1925 low of 117. The Mack Realty Com weet plans service stations nationwide and bonds. Iron Products Corporation declares 75 cents a share dividend payable July 80 for record July 16. Carter Oil Company merges with Hope Refining and Producing to operate largely in natural gas, with Carter’s Ohio Leaden Big Pennsylvania acreage to be handled by Hope Refining.
Chicago market notes sharp late upturn in wheat and rye as buying strengthens amid worries about black rust. Closing quotes show wheat at about 1.44 to 1.46 a bushel with rye higher, while corn and oats gain modestly and provisions hold steady. Cash quotes list No. 2 hard wheat at 1.48, corn No. 8 at 1.00, oats at 45–46, rye scarce.
Chicago and other markets report cattle receipts around 8 000 with steady to lower fats and strong calf values in midwest quotes. Hogs nationwide mostly lower with mixed weights down 15 to 50 cents. sheep and lambs largely steady with best lambs near 15 16 dollars per cwt and ewes 6 to 7 50. Local counts show 426 head cattle, 2 830 hogs, 3 213 sheep with steady markets for dry fed beef futures and light-wt calves rising to 12. Bolognas and bulls ranged 4 to 6 dollars per cwt, with canners 1 50 to 2 60 and breakers 2 75 to 3 25.
Ohio notices list new corporate filings in Cleveland Cincinnati Columbus Dayton and Toledo. Companies include Guarantee Heating and Plumbing of Cleveland with $10,000 and Jantz Electric of Cincinnati with $100,000, among others, naming organizers and amounts from $1,000 to $100,000.
Chicago July 1 butter market shows a slightly easier tone with quiet trading on top grades. Centralized market holds steady and firm with fresh 92 score at 42 cents and centralized 90 score at 42 cents.
Cincinnati reports for the day show bank clearings of 11.17 million dollars, with loans and discounts expanding and money in good supply. Cincinnati Stock Exchange trading tallies 3,284 shares with multiple issues listed, including Am Laundry Mach, Rolling Mill, Eagle-Picher, Formica Insulation, Kroger, Procter & Gamble, U S Pr and Litho, and Ohio Traction among others, with bond quotes and foreign exchange updates also provided.
Chicago today reports Armour preferred at 90, Gudahy at 104%, Fair at 32, Libby McNeil at 7, Middlewest Utilities 93, Swift & Co 110, Swift International 27, Union Carbide 65, United States Gypsum 16444, Wahl 12 amid active trading.
Walter A. Kiefer arrived from Pittsburgh to assume duties at the Federal Building as the new Director of Naturalization for the Ninth District which covers Southwestern Ohio Kentucky and Indiana. He has eleven years in government service and is aided by Edward J. Kennedy assistant director and Samuel Scoville chief alerK.
Today's schedule lists 7 P.M. to 11 P.M. programs at WKRC WSAI WJZ KFUO KSD WDAF WLS WMAQ WMBB KYW WBCN and more. Highlights include dinner concerts piano recitals organ and classical hours and various talk and youth programs.
Central and eastern network stations announce an 8:30 PM Conce program. Frequencies include WHAS Louisville and others. program details not fully legible.
Trading activity rose with buying focus, lifting the list but avoiding a rush. Volume crossed 11 million dollars, insiders expect further institutional buying amid easy credit. Leonard P Ayres of Cleveland Trust predicts bond prices peak in September, while US govt issues stay high and rail bonds lead gains with Missouri Kansas & Texas advancing to 875 and Sinclair Oil 6s up to 113.
Credit balance 3.80, runs 109018 barrels, average runs 31107 barrels. Shipment 130048 barrels, average shipments 46874 barrels.
Mrs Nellie Gardner aged 387 died after a short illness at home on Eastern avenue. The funeral will be at 10 30 tomorrow at the Columbia German Evangelical Church. Burial will follow in the Protestant Cemetery of Mt Washington. She is survived by husband Ralph Gardner and three children.
Radio listings show varied programs from 5:30 P.M. to 11:30 P.M. across Chicago Cleveland Buffalo Pittsburgh Schenectady Philadelphia New York. Programs include orchestras organ recitals dinner concerts jazz and classical hours plus talks and musical performances featuring named acts such as Mary Louise Conover and Spana Troubadors.
WJZ and WHN announce a varied evening schedule featuring musical acts. Highlights include Captain Longbottom harp performance at 6:45 and a Royal trio at 7, plus Edison hour at 7:30 and a New York schedule wrap at 8:30. WHN lists several musical programs from 6:30 to 1:00 with orchestras and the Silver Slipper Revue.
At 5 P.M. dinner music leads to 6 P.M. synagogue services and a 6 30 P.M. joint recital by a pianist and bass baritone. A travel talk titled flongkong airs at 7 30 P.M. Ipana Troubadors perform at 8 P.M. followed by the Royal Little Symphony Orchestra at 9 P.M.
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