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Cincinnati Commercial Tribune in Cincinnati, Ohio

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This newspaper page contains 13 articles. Subscribers can read the full text of each article.

Newspaper

Cincinnati Commercial Tribune

Location

Cincinnati, Ohio, United States of America

Date

Jun 06, 1928

Page

9

Wheat Market Drops After Drought Fears Pressure Prices

Cincinnati June 5 1928 wheat and grain prices eased on reports of improved corn prospects and rain in the belt while rumors of drought lingered in the Northwest. No. 2 red winter ranged around 1.77 to 1.80 with other grades quoted lower. cash oats and hay showed mixed, firm premiums for choice timothy and clover.

Cincinnati Northwest Texas Liverpool F. Co. B New York Timothy Clover United States Bureau of Agricultural Economics Ben Davis United States Louisiana Mississippi Alabama California Florida Indiana Florida Express Tennessee Carolinas Minnesota North Dakota Spaulding Kentucky Hampers Nancy Halls Atermelons Tom Watsons Mosier Lima

Market Report Shows Mixed Loan Rates and Trading Activity

In late June 1928 local banks report aggregated loans at 5 to 6 percent with call and time loans favoring stock brokerage houses. Cincinnati Stock Exchange records show 5,635 stock shares and 1,851 rights traded, versus prior days. Prices for agricultural goods and dairy products are listed with fluctuating track sales and prominent listings of company stocks.

Cincinnati Stock Exchange the Exchange Ahrens-Fox A American Laundry Mach American Laundry American Rolling Mill American Thermos Bot American Ther Buckeye Incubator Carey Champion Churngold Cincinnati Cincinnati A Cincinnati Gas C. K

New York Bonds Report Shows Daily Prices and Sales

On June 5 on the New York Stock Exchange prominent bonds across government domestic and foreign issues were listed with high, low and closing prices alongside total sales for the day. The report tracks Liberty 334s Do 4% Treasury 414s and many others with precise price ranges and trading volumes.

New York New York Stock Exchange

Foreign exchange rates in New York today

New York World News Service reports June 5 foreign exchange quotes. Sterling demand 4.87, cables 4.88. Austria cables 14.12. Belgium demand 13.95, cables 13.96. France demand 8.98, cables 39?. Germany demand 23.87, cables 23.88. Other prices include Sweden 26.82, Portugal 4.30 demand, 4.35 cables, Manila 49.44, Yokohama 46.80, Buenos Aires 42.68, Rio 12.02 demand, 12.05 cables. Montreal funds in New York 99.78.

Liberty Treasury Dodge Bros.deb Ore Wash R. R. &N. Otis Stee Pac Gastee Pan-Am Penn Dogen Arene An&z Ahbslantun Sinclair Pipe Lines Skelly Oil Sou Dorfg Southern’ Ry. Gen Oil N. J. Leb Std. Oil N Tex & Pac Union Pacific U. S. Rubber U. S. Steel Sf Utah Light&Tract Utah Pow. &Light Wena Ry Yngston.s.&t Fiat France Sane France Andes Co M. Armour&Co del. A. T S. F Gulf & W. I Beth Steel Buff Carey Can Pacific Central Pac Ches. Corp Che.&Ohio Cvt Chi. & E. Ill Chi. Gt. Western Cmstp&pac Do Adj N.W. Aas Aeiatd Chicago T.hte Chile Columbia G.&e Con.gasn Cuba C. Sug N. Rys Den RioGr. Con R.g.wes Duquesne Erierf. & Imp Florida Florida E. Cst Gen.Motor Accep Goodrich, B. F Good Ear T.&r. Bs Gt. North. Ry Hudson Coal Hud.&Man Rfg Do Ad Lorillard Co Loc. & N. Unified Market St. Ry McCrory St Mid. C. Pet Midvale St L.cot Miler&l Msp&ssm Missouri Pac Mobile&Ohio Mont. Po Ea, de Morris & Co Nengt&t N.O Tex Mex IDNYC N. Ohio A. Nor. Pacific Phila. Co Read Porto A. St. L St.p K.c.sh.li Seaboard A. L. Co i Sea al Fla. Ry Shell Union Wabash West Tae Westghse Mfg Wilson & Co Wis Australia Austria Gtd. Belg. Stab. In Ts Do Brazil C.ry.el. Es Budapest Bulgaria Mun Zia Milan City M. M. Netherland New S. W Nord. Ry. Sf Norway Santa Fe New York World News Service New York Belgium Czecho-Slovakia Denmark Finland Germany Greece Holland Hungary Italy Hongkong Singapore Shanghai Manila Yokohama Buenos Aires Rio de Janeiro Montevideo Valparaiso Montreal

Standard Oil Stocks Mixed as Market Fluctuates

A compact stock report lists prices for Standard Oil and allied companies with closing figures, highs and lows. Entries include Anglo-American Continental Cumberland Galena Humble Ohio Oil and others, showing varied gains and discounts amid a volatile trading session.

Standard Oil W. E. Hutton & Co Cumberland Galena Southwest Penn Oil of Cal Oil of Ind N. J Oil N. Y Ohio VC Uede Siitecerac Socheses

Burton to Decide on Senate or House Candidacy

Special dispatch from Washington reports Theo dore E. Burton will announce within two days whether he runs for the short term Senate seat or stays in the House. He plans to make his intentions known before leaving for Kansas City on Friday.

Burton The Commercial Tribune Washington Theodore E. Burton United States House of Representatives Kansas City

Financial notes on money market and stock actions

The biweekly market letter from Gibson and Gradison cites money of primary importance to speculative sentiment. Call loan renewals hover around 4 1/2 6 percent, with the average higher than a month ago. Credit demand for speculative loans and new issues grows, but expansion slows. Commercial loans show little growth, and June demand remains light. A bullish view rests on no money tightening before September. Gold export driven reserve shrinkage forces Fed balance expansion. An Int Printing Ink listing may appear on Cincinnati and NYSE trading around 45 46 with 4 bid 46 asked. Union Tobacco plans a $7.5 million stock dividend for jobbers and retailers.

Gibson &Gradison Federal Reserve

National and corporate moves span finance and transport

Plans to shift ownership in retail groups coincide with a major gold transfer to England totaling about 41 million dollars since last December. Roy E. Tomlinson joins Reading Company board. A Spain highway project from Madrid to Imin advances with a 0,600,000 estimate. Several corporations announce stock dividends, public offerings, and governance actions across sectors.

England National City Bank of New York London Aquitania United States Fox Brothers’ International Corporation of New York Spain Madrid Imin Pyrenees Paris Biarritz

Wheat Prices Slip on Rain Forecasts and Liverpool Drop

Chicago reports show wheat prices tumbling amid rains in the Canadian Northwest and showers foreseen in American spring wheat regions. Automated stop losses and a Liverpool downturn push grains lower. Noon quotes show wheat down 2 to 3 percent, corn off around 0.5 to 1 percent, and oats and provisions also weaker.

Chicago Canadian Northwest Liverpool

Ship Company Sold to Barber Line in New York

The American West African Line, a ten vessel fleet totaling 82000 dead-weight tons, was sold today by the Shipping Board to the Barber Steamship Company of New York for 2263506 dollars.

Washington American West African Line The Shipping Board Barber Steamship Company of New York

Mellon Announces New Treasury Financing Plan

Washington June 5. Two issues of short term certificates of indebtedness form the quarterly June financing. A 4 percent six month and a 3 1/2 percent nine month issue, each for 200 million dollars, will retire 400 million dollars of maturing certificates on June 15. Also 85 million dollars in interest will be payable. Mellon expects to invite tenders for third Liberty loan bonds soon for Treasury purchases with surplus funds.

Washington Treasury Mellon

Grain market summaries from Minneapolis on June 5

Minneapolis grain report shows flour unchanged and shipments at 39,095 barrels. Prices include Bran at 20 to 29.50, Wheat No 1 Northern at 1.40 with July at 1.40 and September at 1.41, Corn No 3 yellow at 1.01 to 1.02, Oats No 3 white around 61/4 to 62 1/2, Flax No 1 at 2.33 to 2.38.

Minneapolis

Ohio Truss Company Advertises Fresh Rubber Abdominal Supporters

All abdominal supporters and elastic hosiery sold are made of fresh rubber for longer wear. The Ohio Truss Company at 12 E Ninth Cincinnati markets non skid abdominal supporters with patented stays to prevent top or bottom movement. Call price line Cana 737 for details. Both men and women attendants offer service.

International Printing Ink Corporation Messrs. Price, Waterhouse & Co

Also Mentioned on This Page

Cincinnati Board of Trade, Inc Daily Market Report Local Financial Nati Street T'sphone City Ice Coca-Cola_ Bot Crosley Radio Eagle-Picher Eagle-Picher Eagle-Picher Eagle-Picher Formica Insuli Ben Formica Insulation Formica Gibson Art Gibson A A Gibson Hatfield-Campbell Coal Hobart Kodel Meteor Motor Car National Recording Paragon Ane A Kodelio A Kroger Grocery Bak National National Recording Pump Paragon Refining Procter Gamble Procter & Gamble Cincinnati City Ice Fuel City Ice Fuel Crosley Radio American Rollins Buckeye Eagle-Picher Lead Paragon Refining Pref Cincinnati Union Stocky Vulcan Sbadesmeeneazan Central Brass Kroger Grocery and Baking Kroger Grocery and Baking Keit Canada China India Japan Poland Sweden Switzerland Syria Argentina Uruguay Venezuela Ign NEW York Bonds ONDS Joanne Vie Rbz Investment Security Procter and Gamble Irwin-Ballmann Co Walnut St International Priting Ink Company George J. Whelan Union Tobacco Company Whelan Schulte Cigar Stores United Cigar Stores Roy E. Tomlinson National Biscuit Company Reading Company Ira A. Place Central States Electric Corporation Egular Duplan Silk Corporation Lehman Bros Standard Oil Company of New Jersey Intercontinent Petroleum Corporation South America Inland Wire and Cable Company Record One Wright Aeronautical Corporation American Locomotive Works Paterson Gumberland Pipe Line Company Chicago Grain National Park Bank of New York Central Trust Company Central Union Trust Company of First National Bank of International Printing Ink "Corporation John M. Tuttle Maynard F. Holt Ault & Wiborg Company Ault & Wiborg Co Queen City Printing Ink Company Philip Ruxton, Incorporated Brooklyn Newark Philadelphia Battle Creek Mich Maspeth L. I Los Angeles Calif Messrs. Price, Waterhouse & Co., Public Accountants Martet Aingi Wulollinsilig Dillon,Read & Co First Investment & Securities Corporation Shields & Company Incorporated the Union Trust Company W. E. Hutton & Company Union Company the Herrick Co Ohio Truss Company
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