Steel Treats Traders in Stocks to Thrills on Market
Old Steel led a volatile session on Wall Street as it neared its merger with a junior issue. The stock climbed to 176½ and closed at 174¾ with the companion issue at 125, aided by dramatic market displays and bullish sentiment from analysts and traders. Baldwin reached a new high as others like General Motors and Chrysler posted gains amid active trading. Transcontinental Oil drew volume from Yates pool production in Pecos County, Texas, with plans for new pipelines and strong earnings for 1926 and 1925, signaling solid financials for the company and its affiliates.
MENTIONED IN THIS ARTICLE
S. S. Fontaine
New York World News Service
New York
Old Steel
Wall Street
Fulton Street
Baldwin
Arthur Cutten
United States Steel
General Motors
American Can
Allied Chemical
American Smelting
Chrysler
General Electric
Houston
Hudson
United States Rubber
Texas Gulf
Baltimore & Ohio
New York Central
New Haven
Rock Island
Map
Western Maryland
Wabash
Yatespool
Pecos County
Texas
Illinois Pipe Line Company
May closes creditably in local stock market
The local market ended the month in fair shape with light volume. Total May activity reached 84 124 shares and bonds in $57 000, versus April’s 99 630 shares and $153 300 in bonds. several issues showed mixed movement while the general list stayed firm.
MENTIONED IN THIS ARTICLE
Procter & Gamble
Kroger Grocery
Charngold
Eagle-Picher
General List
United States Printing and Lithograph
Pew
American Thermos
Kodel Radio A
Procter and Gamble
Buckeye Incubator
Burger Bros
Cincinnati Gas and Electric
Coca- Cola Bottling A
Columbus’ Railway First
Gibson Art
Gruen Watch
Johnston Paint
Paragon Refining
Manila
Germany
Alaska
London
Cincinnati
Poland
Australia
New York
Wall Street Stock Activity Mixed As Markets Hold Gains
New York exchanges show total sales of 2,105,100 shares, with industrial and utility issues fluctuating. Celanese led gains on the curb while Western Maryland and Yellow Taxi were weaker. call money held firm as banks funded month end demands.
MENTIONED IN THIS ARTICLE
New York Stock Exchange Board
Celanese
America
Maryland
Yellow Taxi
New York
Call Money
New York Federal Reserve Bank
U. S
New Orleans
Liverpool
New York Curb Market Transactions List May 31
Official NY Curb Exchange transactions list stocks and bonds traded with figures for high low and close. Includes Am. Gas & Ele. Am. Maracaibo Ango-Am Oil and many others with numerous price quotes and sales totals.
MENTIONED IN THIS ARTICLE
New York
New York Curb Exchange
Bond market moves on New York activities May 31
Trade in government and domestic bonds on the New York Stock Exchange shows varied high low and close quotes. Domestic issues include Am. Smelting Am. Sugar Ref and Penn. R. R. with large recorded sales while foreign bonds feature Argentina Finland and Italy issues alongside Dutch and Japanese papers.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Liberty Ste
Treasury
Agr
W. W
Andes C. M
Ang.Ch. N. Corp
pArm. & Co
A.T
St.f. Gen
Atl
Gulf & W. I. Is
Balt
Ohio
Escccee Barnsdall
Ell T. Pa
Th. Steel Con
BrilIn. Man
Ruff
P. Con
Central Pacific
Cleve. UN
Cons. Cig
Con.gasn.y
R. G
Dodge Bros.db
Duquesne Light
East
Cuba
Umpire G. & F
Locase Teen Erie Ist Cn. Pr
Woun
Covchccses
Gen. Petrol
Goodrich, B. F
Goodyear T.&r
Ig Ee Ol Cperencencats
Goth. Silk
M.s.&p
Gt. North. Ry
Hershey
Hud
Man
Adj
Illinois Bell Tel
Hlinois
R. Trait
de Rig
T. Oat
K. C
Kresge
St.l
L.S
M.S
Loew’s Inc
Lou. & N
Csheadies
Morris & Aor
National Acme
Nat. Dairy
N.E.T
N.Y.C
H.R
Ween Dorf
Imp
N. Y. Edisonis
Nynh&hcol
N. Y. Tel. Rig
Do Gern
N. Y
North & South
Nor. Pacific
Wash
R.r.&n
Pac. Gas & Ele
Pac.t.&t
Pan-Am
Paramat
Bway
Penn. Dixie
Penn
R. R
Pere Marq
Phil. “Co
P.cc
Pub. Soc
N. J
St. i
Weiccana
Sou. Pac
Wem
S. W. Bell Tel
St. Oil
Tenn
Texark
Third Ave
Trumbull
Utah
Warn
Federal Reserve opens Fourth Federal Five District bond issue
E R Fancher announces the opening of subscriptions to the new treasury bond offering for the Fourth Federal Five District. The cash offering totals about 200 million dollars with 83 4 per cent bonds dated June 15 1927 callable after four months and exchangeable at par for Second Liberty Loan bonds. Subscriptions are flowing into Cincinnati and local banks and may close on short notice.
MENTIONED IN THIS ARTICLE
Cincinnati
Cleveland Federal Reserve Bank
E. R. Fancher
Federal Reserve Bank of Cleveland
Treasury
Federal Five District
St Regis to Acquire Northeastern Power by Stock Purchase
The St Regis Paper Company will gain control of Northeastern Power Corp by buying 600000 more Northeastern shares, raising its stake to 1452660 shares. The move is funded by increasing St Regis authorized common stock to 750000 and issuing subscription warrants allowing stockholders to buy at 45 dollars a share in a seven for ten ratio, before June 27.
MENTIONED IN THIS ARTICLE
St. Regis Paper Company
Northeastern Power Corporation
F. L. Carlisle
Paper Company
New York
St. Regis Company
General Laundry Machinery forms to acquire Tolhurst and Willey Ellis assets
The General Laundry Machinery Corporation is formed to take over the properties and assets of Tolhurst Machine Works in Troy and Green Island New York and Willey Ellis Company Plants in Chicago Illinois and Columbia Pennsylvania.
MENTIONED IN THIS ARTICLE
General Laundry Machinery Corporation
Tolhurst Machine Works
Troy
Green Island
New York
Willey-Ellis Company
Chicago
Ila
Columbia, Pa
Tide Water Oil Declares Quarterly Dividend on Preferred Stock
Directors of Tide Water Oil Company yesterday declared a regular quarterly dividend of 1.50 a share on the 6 per cent cumulative convertible preferred stock dated July 1, to holders of record June 10.
MENTIONED IN THIS ARTICLE
Tide Water Oil Company
Une
IMM Company 1926 Results Show Large Surplus
The International Mercantile Marine Company and its subsidiaries report a consolidated 1926 surplus of $38,557,276 versus $4,116,015 in 1925. After depreciation there is a yearly deficit of $1,483,138, with steamer charges exceeding $5,000,000 compared with a $1,540,090 deficit in 1925.
MENTIONED IN THIS ARTICLE
International Mercantile Marine Company
Ammonia and phosphates patents change hands
For April show net operating income of 59,549,000 dollars, down from 69,673,000 dollars in April last year, a 14.5 percent drop. Match net for these roads was 86,727,000 dollars. E. I. di Pont de Nemours & Co. acquired control of the Casale Process ammonia patents from Ammonia Casale Societe Anonyme and Electric Bond and Share interests in New York. Niagara Ammonia Company of Niagara Falls had used these patents in the United States. Rights to Liljenroth phosphoric acid and phosphate patents were acquired for North America, China and Japan.
MENTIONED IN THIS ARTICLE
Air Redoctoe
Ajax Rubber
Amerada Corp
Eeewerseeeerereree
Wea Am Agri. Chem
Bosch
Brown Boveri el Brake Shoe
Car & Foundry
Internat. Corp
Power & Light
Sumatra
Hin. Tel
Tel
Wat Wks. & el
Armour & Co of
Ill
Weetereer
Atch
Top
S. Fe
Atlantic Coast Line
Atl
Gulf & W. Peeea
Ceretesaeeer
Atlantic Refining Bereeesere
Baldwin Locomotive
Baltimore & Ohio
Bangor & Aroostock
Veasenee
Barnsdall Corp. A
Seeees
Bethlehem Steel
A. M
Cal. Petroleum
Canadian Pacific
Erro de Pasco
Chesapeake & Ohio
Chi. & E. Il. Ry
Rene Western
Chi
Mil
St. Paul
Chi I. & Pacific
Eeseeees &, Ee
Childs Co
Eeseweseseeseessenee
Chrysler Corp
Continental Baking
Continental Motors
Delaware’ & Hudson
Oreenseeseee
del., Lack. & Western
du Pont de Nemours
Eastman Kodak
Eeeeeeresreres
Erie R. R. Pace
Erie Steam Shovel
Eureka
Fleischmann
Fox Film A
Perepseverserertessses
Freeport-Texas
Gardner Motor
General Motors
Goodrich, B. F., Co
Gotham Silk Hos
N. Peer
Granby Consol
Northern Ry
Great Western Sugar
Gulf States Steel
Eth
Hartman Corp
Houston Oil Sener Eensreereteeseseerssseses
Hudson & Manhattan
Hudson Motor Car
Hupp Motor Car
Illinois
Central
Interboro
Rapid Transit
Harvester Co
Seeeeeeres
Match Parti Pr
Merc Marine Pref Oeeeesesooes
Smeeeer Ereessererserersees
Tel & Tel
Eeeererenswesesees
E. I. di Pont de Nemours & Co
Ammonia Casale Societe Anonyme
Basle
Switzerland
Electric Bond
New York
Niagara Ammonia Company
Niagara Falls
Liljenroth
North America
China
Japan
Hocking Valley Railroad Reports April Surplus
The railroad shows a surplus of 245 471 dollars for April, reversing last year's 56 272 dollar deficit. For the first four months, the company reports 904 021 dollars in surplus compared with 437 920 dollars for the same period in 1926.
MENTIONED IN THIS ARTICLE
Hocking Valley Railroad
Olds Motor Works Slashes Prices on Oldsmobile Six
Olds Motor Works cuts all body types of the Oldsmobile Six price range from 50 to 115 dollars effective today impacting multiple models and trims.
MENTIONED IN THIS ARTICLE
Olds Motor Works
Textile mills gain footing as cotton profits rise
F K Ruprecht, president of Consolidated Textile Corp, says the cotton textile industry is on an upgrade for the first time since postwar inflation. He notes mills earned profits on cotton bought after last year’s price drop, aided by Mississippi floods strengthening demand.
MENTIONED IN THIS ARTICLE
F. K. Ruprecht
Consolidated Textile Corporation
Public Utilities Consolidated Corporation Formed in Minneapolis
Public Utilities Consolidated Corporation with offices in Minneapolis will operate and manage electric gas water and ice companies in which the W. B. Foshay Company holds a controlling interest.
MENTIONED IN THIS ARTICLE
Public Utilities Consolidated Corporation
Minneapolis
W. B. Foshay Company
Gabriel Snubber Order From Fiat Turin For 10000 Sets
Gabriel Snubber Manufacturing Company receives an order from Fiat Company of Turin Italy for 10 000 sets of snubbers. The deal underscores a growing export business tied to Italian automotive supplier networks.
MENTIONED IN THIS ARTICLE
Gabriel Snubber Manufacturing Company
Fiat Company
Turin
Italy
Corporate Leadership Shake at American International
W. M. Crozie resigned as Vice President and Treasurer of American International Corporation. Thomas E. Bragg was elected Vice President and H. A. Arthur was named Treasurer.
MENTIONED IN THIS ARTICLE
W. M. Crozie
American International Corporation
Thomas E. Bragg
H. A. Arthur
Mother Lode Coalition Mines Declares Semiannual Dividend
The Mother Lode Coalition Mines Company announces a semiannual dividend of 25 cents per share payable on June 80. The prior payment was 37 percent.
MENTIONED IN THIS ARTICLE
Mother Lode Coalition Mines Company
Columbus Stocks May 31 Market Report
Cities Service common 45 46 6 percent range. preferred 904a91. Pure Oil at 26. Report from Columbus stock desk dated May 31.
MENTIONED IN THIS ARTICLE
Columbus
Wheat declines on profit taking in Chicago grain market
Chicago May 31 Wheat weakens after earlier gains as traders lock in profits amid tighter U S supply and strong export demand for new crop winter grades. May wheat unsettled with broad ranges and month end account adjustments. corn and oats fall, with mixed moves across futures. Prices cited for No 2 red and No 2 hard wheats and other grains.
MENTIONED IN THIS ARTICLE
Chicago
United States
Eegecenrestevesguatersant
Reececape Travennay
MBY
Rennes
Also Mentioned on This Page
Cincinnati Commercial Tribune
STEEL
Junior Steel
Ling Glee
American Laundry Machinery
Rolling Mill
Transcontinental Oil Company
Mid-Kansas Oil Company
Ohio Oil Company
McCamey
Tex
United Producers Pipe Line Company
Transcontinental Oil Company Company
L. A. Parrish
NEW York Exchange
Liberty
France
Bank of France
K. Low Leone
Jordan Motor
Kan
City
Kelly-Springfield Tire
Kennecott
Cooks
Liggett & Myers
Lipte
Lima Locomotive
Loew’s, Inc
Lorillard, Pierre, Co
Louisiana Oil Re
Louisville & Nash
Marland Oil
Mathieson Akali Works
May Dept. Stores
Hee Ceserees
Maytag Co
Miami Copper
Peeteererenees
Aebenseessee
Missouri, Kansas & Texas
Seeves
Missouri Pacific
Montana Power
Montgomery Ward
Mother Lode Coalition
Como Eeeeereeemees Asesees
Stig Nash Motors
Seneneereneces Oa
National Biscuit
Cash Register'n
Nat. Power & Light
Nev. Con
Chi & St. L
N.Y. N
Hartford
Norfolk & Western
North American Co
Pierce-Arrow Motor Car
Paramount-Fam.-Lasky
L/ Pathe Exchange A
Pennsylvania R. A
Pennsylvania R. A. (3.50) Seeeee 20,700] 65 | 64% 6444|— 6414 Pere Marquette
Phila. & Rdg. Coal & Iron
Ilip Morris & Co Pe Penesereeees
Eeeweeennens
Phillips Petroleum
Eeeweneees
Pierce-Arrow Motor Carsenemere
Pierce Petroleum Peace Et Eeerereeeresees
Pittsburgh Coal Teeeeecenenes Wes Eererens
Postum Co. OD Aaeeeseeeebepes Ab
le Seewereenses
Producers & Refiners Aeeeeereeeererns
N. Ee
Public
Ser. Corp
Pullman Co
Pure Oil
Eeeweenser Eeewene Eeeer Cesses
Radio Corp. of
Am Seneeeeeeweeessesseee
Reading Co
Eeseenene
Reynolds Tobacco
Safety Cable Co
St. Joseph Lead
Seeeneereree St. L.-San Fran. Ry
St. Louis Southwestern
Seeeweeeeeee
Seeeereerees
Simms Petroleum
Sinclair Con
Southern Dairies
Standard Gas & Elec
Standard Oil Calif
Oil N. Jersey
Oil N. York
Creeee
Stewart-Warner Speed
Studebaker Corp
Tenn. Cop. & Chem
Tex. & Pac Land Trust
Transcontinental Oil
Union Ag & Pape Eeeeneeres
Union Carbide & Carbon
Union Oil of Cal
Union Pacific
United Cigar Stores
United Fe
U S. Steel Corp
Univ. Pipe & Rad
SOA
Aera
Victor Talking Mac
Vivaudou, Inc
Seeerteeeseesrerrees
Wabash Ry Sena c Ee Eee Ees Erneeweneseeeneeees
Ward Baking
Aaaeee
Sens Eeses Asererees
Warner Bros. Pict
Western Maryland Ae
Eeeeenneeerenseren
Western Union Tel
Westinghouse
Air Brake
Westing el. & Mfg
Otor Co
Willys-Overland
Woolworth Co
Worthington Pump & Machne Et
Br. Bev. F
Haw
S. S.u
Bete
Maracaibo
Am. Po
Lt. Pref
Superpower A
Anglo-Am
Buckeye
Bunkhold & Sullivan
L Carib Syn
Cen. Leath
Chesebrough Mfg
Anglo-Ch. Con
Asso. Gas & Ele
Blyn Shoe
Sccesee
Bohn al. & Brass
Sears
M.&st
Chi. Nip. B
Ser
New
Dorl Gy Secgeenteemseaens
E Nast Pub
Curtiss Aero
Dunhill Internat
Durant Motor
Ele. Bond & Share
Electric
Estey Welte A
Fajardo
Ford Mot
Canada
Foundation
Fox Theater
Sig
Beaks Biissacoma
Beepoca
Gibson Oflu
Leh. V. Coal Etf
V. Coal Sales
Leonard Ol Cssessssce
Libbeyow.Sh. Glass
Mad. Sq. Gar. Ctf
Massey Harris New
Mead,J’son&Co
Metro. Ch. Spres
Mid. West Utl. P
Ite Mohawk & H. Po
Mountain Prod
Prarie Oil & Aig
Procter
E. Pre
Kansas
Kentucky
Gas&Ele
Cons
Ldy. Corp
Golden St. Min
Goodyear T. & Rub
Gulf Oil Corp. Pa
Humble O
Nipissing
Philip Morris
Salt Creek
Teck Hugh
Edo
Tietz Inc
Leon
Trans
Lux. D. Pic
Trumbull Steel
United Bis. B
G. Imp. New
L.&p. Anw
United Verdemai 100
Wenden C. Min
West
Tee Wilcox O.&g
Gillette Saf. Razor
Hawthorne
Johng Manville New
Nat
Power A
Nat. Pub. Ser
N.m.&ariz. Land
Nich. & Shep. News
Noranda Mines Cad
Nor
Ohio Power
Northeast Power
Ohio Edi
Pitts
Lake Erie
Servel Deli.c.cceccnc
Stutz M. C. Am
Timken D. Axle
Seeg Eee
Union & U. Teb
Yellow Taxi N.Y
Univ. LE
Vacuum Oil
Warner Br. Pice
Det. C. Gas
Gatineau Pw
Indiana Lime
P. Rico A.tob
Swift Co
Am. G
Larabee
Refrig
Gen. Am. Inv
Gulf Oil
Lehigh P.S
Nat. P.&l
Ohio Pow
Servel Cor
St. Oil N.Y. Bie
Kawcone U. S
B. Aires
Denmark
Montevideo
Peru
Prussia
Tietz
L’dt
tEx-rights
Nease
Seuay
W. Penn
Western Elec
Cs West Maryland
el. Mfg
Asenero White
Wiek.Spenc
St. Cvt
W & Lst
Yngstown
Fiat
Finland
D. E. Indies Sig
Prague
Rhinelbe
Rio de Jan
San Paulo St
Fis Sax
Wks
Cj Agr
Ital
Sm. Allied
El.p. Jp
Netherlands
Toho. el
Tokyo
Munic
Ind
Bank Jap
ONDS
Stanley Ashbrook & Co
Cincinnati Stock Exchange
Ashbrook Bros
Union Trust
Traction
Safe Investments
the Miami Hotel, Inc
Dayton, O
Weil, Roth & Irving
Dixie Terminal
Standard Oil
W. E. Hutton. & CO
Chicago Grain
Raz
Irwin-Ballmann Co
Walner
Buckeye Incubator C., N. O
T. P. Ry
Cincinnati Car
Cincinnati Telephone Dixie Ice Cream Art Gibson
Hobart Manufacturing
Kodel Radio
Lunkenheimer A. Nash Company
U. S. Playing Card
Hunter, Budde &Duble
Union Central Building
American Linen Supply
Reading Road