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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Jun 05, 1925
Page
10
Cincinnati, June 4, 1925. Bullish crop reports from Illinois and surrounding wheat belt lift futures with July up 4 1/4c and September 3 1/4c while cash prices rise. Corn oats and rye show gains. hay strengthened on improving demand. Market notes include detailed price ranges for wheat corn oats rye hay and other commodities and a closing agricultural report by J. U. Scott Local Representative.
Total stock sales 383,200 shares and bond sales 1,370,000 in New York as of June 4. The list enumerates diverse issues across Industrials, Oils, and miscellaneous sectors with prices and trading notes for numerous corporations and bonds including major names like Armour, Goodyear, U.S. Steel, Gulf Oil, and Western powers, reflecting broad market activity.
Receipts and shipments for cattle hogs and sheep show light cattle supplies with little price change. Cattle demand centers on dry fed fat cattle while lower grades struggle. fat cows strong on shipping demand. calves hinge on buyers’ bids. Hogs decline with steady to strong close. sheep and lambs edge lower then firm late. overall market subdued with varied feeding stock activity.
Chicago grain markets surged as adverse domestic crop prospects and Kansas winds pushed wheat to new highs for the season. September and December wheat futures climbed, with July and September quotes advancing and corn and oats also rising amid volatile trading across grains and provisions.
The Board of Directors declared a regular quarterly dividend of 2 percent on bank stock, payable July 1 to holders of record June 15.
Stockholders will meet in Low to vote on a proposed 33 1 3 percent stock dividend. The meeting may approve depositing stock certificates and distributing dividends by check instead of cashing coupons, and arranging proxy voting for American shareholders.
The annual meeting of the Pan American Petroleum and Transport Company is postponed to June 15 to allow F. H. Wickett the Chairman and Herbert G. Wiley the President both now in Europe to attend.
Spicer Manufacturing Company shows 78 percent higher second quarter activity than a year ago with June shipments expected to rise. Cities Service oil refineries report first quarter gains of 49.2 percent over 1924. Gasoline sales reach 0.303 million gallons up 65.7 percent. Over the counter market for Maxwell Motors A and B shares formed as NYSE suspended trading due to limited outstanding shares. Midland Steel Products declares extra dividends of about 40 cents on common and $1 on preferred, in addition to regular payments.
Chairman Kresge said no decision on stock split has been reached as directors consider options. Sales are expected to top 100 million dollars in 1925 with profits about five percent higher than 1924. The company plans roughly forty new locations this year.
Transactions on the New York Stock Exchange in the first five months of 1925 totaled 175,653,800 shares, averaging 35,130,580 per month. If continued, 1925 would total 421,536,720 shares, surpassing every prior year except 1919, when figures topped 300,000,000.
Durant Motors Inc posts net income of 767 576 for 1924 and 2 716 225 for 1928. Dividends and miscellaneous income amount to 2 172 811 versus 4 404 864 prior year. The Foundations adds contracts including foundations for a large Japan super steam plant for T Electric and a larger Sara sota Florida hotel, with 211 008 000 of new business since January. The Foundations has closed two.
The McCord Radiator and Manufacturing Company offered 80,000 shares to the public at 22.50 dollars and the issue has been oversubscribed. Edward D. Libbey has resigned as president.
C H Sabin of the Sage Trust Company and Boshart were elected directors. Sales for five months totaled 9 179 991 compared with 8 855 000 a year earlier. A new issue of 6 000 000 American Linseed Company six percent coupon notes maturing serially in 1935 was offered yesterday. Proceeds aimed at reducing debts.
Canton Illinois June 4 Ralph Dimon 38 of Peoria was killed his stepson Guy Conkey 25 likely fatally wounded and Joe Diamond captured at Norris after robbing a railroad station and a general store. Dimon had a murder conviction but was free on bond. The stolen property was recovered.
John Hauck, 41, of 116 Broadway, was arrested by Lieutenant O'Neil at Broadway station after neighbors reported he threatened to shoot if police were called. He is held for further investigation as neighbors labeled him disorderly.
The Director of Public Service of Cincinnati declares Willis avenue from Delta to Halpin as an oil treatment district for 1925. An assessment will be levied on abutting property to cover the cost under the Byrnes Conway contract and Ohio law. Passed May 28 1925.
Abutting property will be taxed per feet to fund a one time oil treatment during 1925. The Byrnes Conway Company contract governs work under Ordinance No. 253-1924. Resolution filed with the Clerk of Council and the Director of Public Service in Cincinnati.
A resolution identifies a territory along Laredo avenue from McMillan street to Cypress street and Cypress street from Francis lane to Boulevard as a district. It notes this area consists of streets or alleys that connect or intersect, forming the district boundary.
City resolutions declare sections of Laredo Lantana Burns Oak and surrounding streets as oil treatment districts for 1925. Assessments to cover the full cost of petroleum roadwork under Byrnes Conway contract, time to be set by the Director of Public Service. Passed June 4 1925.
A resolution by property owners along Grand Avenue from Phillips to Bodley seeks oil treatment of roadways and assessment of costs to abutting property during the 1925 contract period. It declares that Grand Avenue abutting property shall form a district responsible for the oiling costs under the city’s public service terms. CHAS. F. HORNBERGER
Resolution designates abutting property along Glenmary avenue and connected streets as an oil treatment district during 1925 under a contract dated December 24 1924 with Byrnes. The measure covers Vine to Clifton, Brookline to Glenmary, Ludlow to Glenmary, Wentworth, Loraine, Hosea, and related segments.
A 1925 city resolution directs the Director of Public Service to assess abutting property along Avondale Avenue from Reading Road to Woodburn Avenue for oil treatment and road improvements. The measure passes June 4 1925 and assigns timing and cost responsibilities under Ohio law.
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