Dull Market Buoys Markets As Traders See Calm Ahead
A subdued trading day with 427,500 New York shares and 145 local shares changing hands. Traders cited relief that the worst may be over amid anticipated moves from the Republican convention and Federal Reserve, with bond and foreign exchange activity showing mixed movements and Liberty bonds continuing a downward trend.
MENTIONED IN THIS ARTICLE
New York
Cincinnati
Chicago
Federal Reserve Bank
Kroner
Palestine
Syria
Australia
England
Holland
New York Exchange
Liberty and Victory
Local Stock Exchange
American Rolling Mill Common
Cooper A Preferred
Corcoran Victor Common
Ay & Egan Common
Market notes and credit review from Cincinnati and Pittsburgh
Offerings fell two and a half points to 97 percent with no demand noted. Fenton United Cleaning and Dyeing and Good year Tire and Rubber see modest moves and new demand for Kroger new preferred at 98. Procter & Gamble common trades lightly at 126 with offerings steady, United States Playing Card and Printing and Lithographing see shifts, Cincinnati Gas and Electric and Cities Service shares move on limited demand. Credit conditions favorable. Fourth Federal Reserve District reserves ratio at 52 percent in May, suggesting nationwide needs may prompt rate adjustments. Federal Reserve Bank of Cleveland outlines bond conversion schedules and encourages premarket coupon and bond presentations for efficiency.
MENTIONED IN THIS ARTICLE
Fenton United Cleaning and Dyeing Common
Goodyear Tire and Rubber
Kroger Grocery
Procter & Gamble
United States
First Preferred
Cincinnati Gas and Electric
Columbia Gas and Electric
New York
Ohio Cities Gas Common
Ohio State Telephone Common
Cincinnati Street Railway
People's National Bank of Pittsburg
Federal Reserve District
Cincinnati
Bank Review
Pittsburg
Federal Reserve Bank
Cleveland
Federal Reserve
Reserve Bank
Stock Exchange
Ea Bid Ask
Ore & Co. c
M. Is
Sroatabey & Newp
Procter & Gamblers
Mach. Com
American Rolling Mill
Andrew Jergens
Black-Clawson
Casey-Hedges
Union Stockyards
Pyrene Cooper Corp
Corcoran- Victor
Il Dalton Dd
Machine
Schenwes
Dow Drug
Sabes
Fay & Egan
Fenton U. C
D. Com
French Bros. -Bauer
Gibson Art
Globe-Wernicke
Goodyear Tire and Rub
Gruen Sons Watch
Holters
Sane
John Douglas
Kroger G
Renee
Gwens Bottle
Paragon
Vos
Richardson
Sayers & Scoville
U. S
Atlas National Bank
Whitaker Paper
First National Bank
Ohio State Telephone
T. P
CS Oom
Ohio Traction
Marland Refining Company Tops 25 Million Capital
Marland Refining Company becomes a 25 million dollar corporation as its latest capitalization increase takes effect. Organized in April 1917 with 2 million, it grew to 10 million in February 1918 and now stands at 25 million after the third increase. The firm has tapped a Kay County Oklahoma well producing 500 barrels daily from deep sand near the old Newkirk pool. The consolidation with Kay County Gas Company is complete and awaiting Treasury Department approval, which would cut taxes on the merger.
MENTIONED IN THIS ARTICLE
Marland Refining Company
Kay County
Okla
Newkirk
Kay County Gas Company
Treasury Department
Homer field produces 85,000 barrels daily
Local securities report notes two wells in Homer field with a combined flow of 1,200 barrels daily and about 2,000 barrels daily more being produced by the company. Four other wells are being located and one is under drill, pushing Homer pool output to around 85,000 barrels daily. Indian Refining Company declares regular quarterly dividends on common stock and 1% on preferred, payable June 15. no future plans announced.
MENTIONED IN THIS ARTICLE
Homer Field
Louisiana
Homer Pool
The
Indian Refining Company
Dividend Announcements and Payment Dates From Major Firms
Announcement of dividends and payment dates for Ahmeek Mining Allis-Chalmers Armour Buffalo General Electric Cities Service Oklahoma Producing Southwestern Oil Twin City Rapid Transit United States Trucking and Vivando. Details include quarterly or monthly rates and holder payment dates in June and July, with specific ex-dividend timelines for each issuer.
MENTIONED IN THIS ARTICLE
Ahmeek Mining Company
Allis-Chalmers Manufacturing Company
Armour & Co
Buffalo General Electric Company
Cities Service Company
Bankers
Oklahoma Producing and Refining Corporation of America
Southwestern Oil and Land Company
Twin City Rapid Transit Company
United States Trucking Corporation
Vivando, Inc
Kelloge Switchboard shares approved capital boost plan
At the annual stockholders meeting Kelloge Switchboard and Supply Co approved raising capitalization from 4 million to 8 million dollars and a stock split from 100 to 3 percent. Four new shares will be issued for each share held, but the use of the additional 4 million dollars was not announced.
MENTIONED IN THIS ARTICLE
Kelloge Switchboard and Supply Company
Oil Concession Battle Grows Hot in Caracas
Rival oil giants including Standard Oil Gulf Refining Sun Oil Sinclair Maracaibo British Controlled Oil Fields Leonard Exploration and Trinidad Oil compete for new concessions as Congress in Caracas reviews applications.
MENTIONED IN THIS ARTICLE
Venezuela
Caracas
Standard Oil Company
Gulf Refining Company
Sun Oil Company
Sinclair Consolidated Oil Company
Maracaibo Fuel Company
British Controlled Oil Fields Ltd
Leonard Exploration Company
Trinidad Oil Company
Ohio Cities Gas Company Considers Name Change to Pure Oil
Board of Directors may authorize renaming Ohio Cities Gas Company of Columbus to The Pure Oil Company. Change would not alter organization or charter of the company.
MENTIONED IN THIS ARTICLE
Ohio Cities Gas Company
Columbus
Pure Oil
Directors to Vote on Stock Conversion Amendment
Eleven new directors will be elected and other business will be transacted. A key item is amending the articles of incorporation to permit conversion of part of the new preferred stock into common stock at holder option.
Texas Company Announces Initial Dividend Change
The Texas Company declares an initial quarterly dividend of 75 cents on new stock with a 25 par value and a 3 annual rate. This equals 12 on old stock which paid 10.
MENTIONED IN THIS ARTICLE
Texas Company
Ohio Incorporations Include East Side Market and Eebee Investment
Ohio reports new incorporations and increases in capital. The East Side Market Company of Sand by requests 20000 dollars led by M. Ebertsh x Ebertshauser. The Eebee Investment Company of Cleveland seeks 3000 dollars with E. Ko 3 and A. Goldman. Akron Burt Building Company expands from Anchor Lumber Company to 20000 dollars. Cincinnati Brandt Company and va Company move from entities in Cincinnati and Cleveland.
MENTIONED IN THIS ARTICLE
Columbus
Ague A Oe
Ipeses
Springwere
Ee Iwoberherz
East Side Market Company
Sandby
M. Ebertsh
Ebertshauser
Eebee Investment Company
Cleveland
E. Ko
Pop
A. Goldman
Burt
Pany
Akron
Anchor Lumber
Sense
Cincinnati
Cinnae
Cinnati
Brandt Company
Arents Ae Pany
Sugar Market Moves on Raw and Cuban Cargo
New York sugar dealers report a softer spot for raw sugar with small port cargo to a local refiner at 19 1 2 c. June Cuban shipments offered at 19 3 4 c with July at the same and refiners taking on new business as demand remains active.
MENTIONED IN THIS ARTICLE
New York
Cubas
Copper and metals hold steady in New York and London markets
Copper dull in New York with electrolytic spot to end of July at 19 ¾ cents. Iron firm, Tin around 51.50 spot, 1.30 June, 1.00 July. Antimony at 9. Zinc soft. London copper futures near 95 7s 6d, electrolytic spot 106, tin futures 27 20s, zinc futures 43.
MENTIONED IN THIS ARTICLE
Chandler
Motors
Chile
Hupp Motors Eeee
Elkhorn Corporation
Famous Players Eovsse
Fait Oy
Fish ‘Tire
Gaston, W. & W., Inc
General ‘Cigars
General Motors Tyre
General Electric
Goodrich Co. Pocvecester
Granby Consolidated Mining
International Paper
Kelly-Springfield Kennecott
Towne
Keystone Tire and Rubber Steel
Lackawanna
Mexican Petroleum
Miami
Midvale Steel
New York Air Brake
Nevada Copper
Nova Scotia
Ohio Cities
Oklahoma
Otis Steel
Owens Bottle
Philadelphia Co
Ray Consolidated
Remington Typewriter
Republic Steel
Royal Dutch
N. Y
Saxon _ Motors
Shellansport Ee
Sinclair Oil and
Ordne
Sloss-Sheffield Steel
Eee
Replogle Steel
Stromberg Carb
Eeeereee Tener
Transcontinental Oiler
Union Oil of
Delaware
United States
United States Steel
United Alloys Steel
Banihal
United Retail
United Food Wheensete
United Fruit,.Co
Utah
Westinghouse Electric
White Motors Sia Ad Peste Eee Ae
Willys-Overlander Ee
Wilson & Co Eee
Woolworth Co Ee
Worthington Pump
San J
New York
St. Louis
London
Standard Copper
Bank Clearings and Loans Report Across Cities
Cincinnati reports clearings of 11 657 931 with broker loans at 6 42 and 7 percent, stocks on the floor showing 148 shares traded. Chicago clears 107 878 550 with bank loans at 6 to 7 percent and New York exchange par. St Louis shows 28 511 113 in clearings with discount on commercial paper 7 to 7 ½ percent.
MENTIONED IN THIS ARTICLE
Atch
Balti & Ohio
Brooklyn Rapid ‘Transit
Pacific
Chesapeake & Ohio
Chicago Great Western
Chicago & Northwest
Milwaukee & St. P
Fiat
Chicaee
Rock Island & Pac
Sridiitenta
Denver & Rio Grande
Erie
Great Northern
Illinois Central Ee
Interborough- -Metropolitan
Kansas City
Lehigh Valley
Kansas & Texas
Minneapolis & St. Louis
Missouri Pacific Terre Ee
New Haven & Hartford Pet
Ees
Pere Marquette Hedeena Eee
Enetrae
Pennsylvania
Seaboard Air Line
St. Louis & San Francis
Southern Pacific
Southern Railway
St. Louis
Cassie Ee Etpacecie
Western
Maryland
Wheeling & Lake Erie
Pacar
Ajax
P.O Peeattleweses
Alaska
Allis-Chalmers
Bascok Ae
Eee
Eens
Anaconda Mining Co Ee
Atlantic Gulf and
W. I
Baldwin Locomotive
Bethlehem Motors
Bethlehem Steel
Bosch Magatto
Bosch Magatto Peete Ee
California Petroleum
Stee Tolanway Central Leather
Cerro de Pasco Copper
Bee Vesteloweene
Cincinnati
Cincinnati Stock Exchange
Special Dispatch
the Commercial Tribune
Commercial Paper
New York Exchange
Chicago
Cattle Market Reports Across Cities in June 1920
Cincinnati notes light cattle offerings with brisk demand and mixed price shifts. Hog demand strong with large carryovers and steady to higher quotes, while sheep and lambs show weakness in wooled offerings and firmer demand for select lambs. Reports from Chicago East St Louis Kansas City Pittsburg New York Cleveland summarize receipts, prices, and shifts across regions.
MENTIONED IN THIS ARTICLE
Cincinnati
Rome
Cba Sbeschins
Chicago
East ST. Louis
Ill
Kansas City
Hieber
Eales
Texas
Pittsburg
New York
Virginia
Cleveland
Chicago Stocks Report Roundup
June 3 Chicago stock roundup lists Armour preferred Armour Leather 15 percent Carbide 66 percent Libby 234 Match 105 Swift International Swift Co 110 United Irons Western Knitting 15 percent.
MENTIONED IN THIS ARTICLE
Chicago
Armour
Armour Leather
Carbide
Libby
Match
Swift International
Swift & Co
United Irons
Western Knitting
Wheat Holds Despite New from Argentine Export Tax Rumor
Cincinnati market stays steady as talks of a $1.50 per bushel export tax on Argentine wheat circulate. Cash corn strengthens while No. 2 white oats remain firm. markets show mixed activity across grains with notable demand for top grades. Corn options ease on rail movement talk. grain and hay prices listed for wheat, corn, oats, rye, barley, seeds, flour, and dairy products.
MENTIONED IN THIS ARTICLE
Cincinnati
Timothy
Tennessee Golden
Western Liberty
Mlax
Kansas
Shipping News Briefs From Major Lines
The Italia-America Line sails the Duca Degli Abruzzi on June 22 to Naples and Genoa with stops at Trieste Palermo and Messina. The Holland-America Rotterdam sails June 10 to Boulogne and Rotterdam via Plymouth. Furness-Warren Fort Victoria sails July 2 to Liverpool with August 14 return plans. Bermuda Fort Hamilton sailing June 19 noted.
MENTIONED IN THIS ARTICLE
Fifth-Third National Bank
New York
Italia-America Line
Duca
Holland-America Line
Rotterdam
Boulogne
Plymouth
Boston
Furness-Warren Line
Fort Victoria
Liverpool
Furness, Bermuda Line
Fort Hamilton
Ber
City Hall Elevator Annunciator System Sealed Bids
Sealed proposals will be received at the office of the Director of Public Service City Hall Cincinnati Ohio until 12 o clock noon Friday June 11 1920 for a complete elevator annunciator system with wiring and bells for three City Hall elevators Specifications available at the Superintendent of Public Property City Hall Each proposal to be bonded with one hundred dollars or a solvent bank certified check to guarantee contract if accepted Director reserves right to reject bids Bidders must use printed forms May 27 1920 signed CHAS F HORNBERGER Director of Public Service and EDWARD P DURR Secretary
MENTIONED IN THIS ARTICLE
Director of Public Service
City Hall
Cincinnati
Ohio
Chas. F. Hornberger
Public Service
Edward P. Durr
Dairy Prices Signal Mixed Movements Across Markets
Butter and eggs show mixed shifts across New York Chicago St Louis and Kansas City reports. Butter unsettled with varied creamery prices. eggs firm with high receipts. cheese weak in New York. poultry movements mixed with live and dressed offerings.
MENTIONED IN THIS ARTICLE
New York
Pennsylvania
Hennery
Chicago
ST. Louis
Kansas City
Bank statements show weekly France and England shifts
Paris weekly Bank of France changes including gold down 274000f and notes down 857000f. treasury deposits up 62823000f. advances to state 450000000f. London Bank of England reports total reserve down 339000 pounds, notes reserve down 416000, government securities up 32262000, public deposits up 4638000, other deposits up 26142000, rate of discount 7 percent. Proportion of reserve to liability drops from 16.50 to 12.85 percent.
MENTIONED IN THIS ARTICLE
Paris
Bank of France
London
Bank of England
Cotton goods markets steady amid milling output cuts
In New York on June 3 markets showed steadiness in cotton goods with dress ginghams for spring 1921 sold and withdrawn for the season. Wool cancellations were general as mills cut working hours. Silks dull while tan silk, burlaps, and related fabrics remained near current prices.
MENTIONED IN THIS ARTICLE
New York
Cogis
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Reckbibis
NEW York Stock Exchange
Utton & CO
Financial Notes
Federal Reserve Bank of Cleveland
Federal Reserveistrict
Federal Reserve Branch Bank
Simms Petroleum Company
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Borne-Scrymser Co
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Continental Oil Co
Crescent Pipe Line Co
Cumberland
Eureka Pipe Line Co
Galena Signal Oil Co
Don
Wlinois Pipe Line
Indiana Pipe Line
National Transit Co
New York Transit Co
Northern Pipe Line Co
Ohio OT CO
Prairie Oil and Gas
le Prairie Pipe Line Co
Solar Refining Co
Southern Pipe Line Co
South Penn Oil Co
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Daily Bulletin
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Fred. L. Hoffman
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J. N. Garfunkle
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William Bahman
Frank Zumstein
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Clore, Schwaab & McCaslin
Bell Block
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J. W. Sibley & Co. Investment Securities
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Goodyear
Union Central
LDG
Crossman, Sherman Co
Harry Jasculca
ST. Paul Building
East Fourth ST
Baldwin