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Cincinnati Commercial Tribune in Cincinnati, Ohio

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Newspaper

Cincinnati Commercial Tribune

Location

Cincinnati, Ohio, United States of America

Date

Jun 08, 1930

Page

16

Heavy selling begins as Hale's closing leads market slide

Wall Street reports a broad decline with no preface in early trading as steel and other key issues drop. Steel falls to 165 1 2, down 1 2 percent, while United States Industrial Alcohol and American Commercial Alcohol slide after dividend news and fresh market pessimism amid low levels and cheap money. New lows appear for Westinghouse Electric General Electric Consolidated Gas and Public Service of New Jersey.

Wall Street Journal Wire New York United States Westinghouse Electric General Electric Steel Consolidated Gas Public Service of New Jersey Associated Press Sal Abitibi & P Pr Anes Cont Baking Melville Shoe Adams Express Rene Svescessers Adams Millis Michigan Steel Contin Dela Ajax Rubber Midland Steel Alabant ™& Wicks Alaska Juneau Albany P. Wr Pap Fn St Pas Fa Alleghany Fa Alleghany Eeeeee Coty Moran & Tex Enereeen Spe i Sos Crosley Radio Pacific Crucible Steel Setae Alees & Dye Monsanto Chem Allis Chal Mf Curtiss Wright Montgomery Ward Moon Motor Car Ami Chem Davison Chemical RT Delaware & Hud Murray Corp Quo- Am Brown Ass del Leck & West Myers & B Cincinnati Stock Exchange den Rio G & W Detroit Edison Nash Motors Wee Weesee Devoe & Ray A Nash Chat&St L Am Am Chicle National Acme Dome Mines Natl Air Trans Ncge Ncte Ask Amer European Dominion Natl Bellas Hess American Products American Launch Mach Ene Am & For Power Ational Biscuit Drug Inc Wu Aigsareteedeseseekeaeee Atenee Eeenenneenns Seneeeee Seecen Rene Ohne Steeteeses Am Hawiian Dunhill Inter Natl Dairy Prod Ican Rolling Mill Nail Dept Stores Ican du Pont de Durham Elec Auto Lite Carey ‘Ehinpa el Pow & Lt Appleone Buia Gira Neisner Bros Tasseer Esetese Snes Asic Elec Stor Nevada Central Trust Seveesamanes Sven Sensenencones Naneasnsessenesses Evans Petr Am Ship & Com Trpf Ont & West _o Sol & Chem Federal Motor Cincinnati Gas and Aeeeeenenee Ee Easton Eeenee West Fases Electric Wibecohes Eeeerseeee Am Sugar Fed Aeseeeerateeereaseeresees Fidel Ph Fire Insaa North Am Aviation Cincinnati Braset Railway Bereereneeeseees Seer Seeeeehewe Nor Am Edis Cinti and Pee Bell Tel Aten Saserseseteseeeneees Careeeeres Plaieidhegh Les First Nat Cincinnati Union Stockyards Cincinnati Unionee Ane Amitt Papetf Florsheim Seeeneeensse Sasha Follansbee Oliver Farm Cohen Dan Foster Wheeler Nat Invest Cooper Corporatio B Fox Film Freeport Texas Forpheum Ear Crosley Armour Wel Otis Steel Gabriel Co A Dixie Sarerseree Edesetenes Cosneeeern Tesseerees Gamewell Co Sneteerens Peeteeeren Pacific Coast Eagle-Picher Asco Apparel Ind Pacific Gas & el Egry Register Rly & Daniel Bia enEe Eneerateer Waeeeernen Aeesentser oRrag Australia Oh Gen Am Invest Pacific Light Aise Austria Pac Tel & T Fenton United Cleaning Belgium First National Bank Gio Saneeerees Geesetenen Atlantic Edeasins Iastiaon China Hongkong Otlas General Cable Panpaniie P &R Foundation Investment Ae Ash Barriegereurs Ween Seentenees Czecho-Slovakia Auburn Auto Ser Finland Aviation Corp Gen Gas & el Park Utah Mines Gerrard (Sa Seneetenes France Globe-Wernicke Co Res Germany Reichsmarks Pathe Exchange A. & J. Frank Co Goldsmith Sons’ Co Hungary Pengoes Ohio Seegeeneee Holland Guilders Bamberger Peerless Motor Hatfield-Campbell Coal Co Peace Aeros Nereewee Neeeenenes India Rupees Aol Oe Bangor & Aroos Tory Penick & Ford Italy Oneveessen Penney Jugo-Slavia Barnsdall A Gen Realty & al Bu, Penn Railroad Automatic Music Inst A Julian Kokenge London Beatrice Creamer Eapknenennee Poland Zloty Saeeenen Bendix Aviation Thea Equip Cincinnati Coffin Cove Rumania Best Gillette Saf Raz Petroleum Corp Cincinnati Lazarus Gimbel Bros Lincoln National Bank Leonard Tailors Borden Sereperees Glidden Co Phillips Petrol Cincinnati Mill Miami Switzerland rg-Warner Gobel Adolph Spain Boston & Maine Phoenix Sereeeeneenaccan Rene Sereeseaseneresssees Manischewitz Chile Jae Eeettvaneeresbes Aaeeresseensereres O Brockway Motor Goodyear T & R Pierce Petroll Cincineat Realty Reeseesseesese Brazil Mead Pulp & Paper Rapret Uruguay Pirelli Coonan DP Rene Fees Neeeeeneteenes Graham Paige Pitt Screw & B Bucyrus-Erie Poor & Co Columbia Life Insurances Porto Rio Am Coney Island Grant Granite City Prairie Oil & Gas Dayton P & L Oo Sane Hee Ag Tense Eeeenerstenen Gt West Sugar Procter & Gamble Diem & Wing Scessersersers Burroughs Federal Union Life Ins Eeaeeeneenen Sane Eneg Grigsby Grunow Hnoseanel Butte Cop & Zinc Gulf Mob Ee Ont Esseerseeess Pearl-Market Bank New Eee Butte & Sup Gulf States Steel Gibson Hotel Eeee Seeereenes Seeeeneenseesen Butterick Pullman Snes Intersouthern Life Ecaneats LY Seaveeny Wees Boss Hahn Dept Stores Putman Candy Calumet & Arizei Spee Ia Aneally Steene Randall Corporation A Poeanewerenveresess Aenewe' Eee Calumet & Heela Hamilton Watch Veres Heel’ Pulp and Paper Sentahenee Campbel Wyant Harbison Walker Radio Corp of Ama Merrell Chemical PEL Rissove Aeee Richardson Paper Teeeeeenes Canada Dry Hartman Meyer (H Second National Bank Canadian Pacific Keith-Orp Missouri State Life Sparks-Withington Do New Wives Hayes Ody Raybestos-Manhat O Fichis Ccceeeeres Vworeccosecccscosors Sycamore-Hammond Wis Cannon Mills Helme (Gw Heneenewes Readin Co Aeeneee Aenee Jose Remington Rand Reo Motor Ohio National Life Insurance Reapers Central Aguirre Do Pri Ogles Padpce Deol Aes Ae Cerro de Pasco Hoe (R) & Co Srl Palm Hollander Houdaille Hersh B Reynolds Spring Jwaco Serewseees Chesapeake Corp Reynolds Houston Howe Sound Co Sorg (Paul Safeway Terreseee Childs Co Aate Illinois Cent St Joseph Poageil John Shillito Fourth and Broadway Chrysler Corp Indeo Oil & G San Fran “Ry Herschede Eeeeee City Ice & Fuel Southwest Berning Ldg Aeeeee Schulte Ret Chas McCulough Seaboard Air Line Lincoln Inn Court Eeenee Clark Ingersoll Rand Sears Interboro Seneca Copper Bank of Commerce and Trust Collins Interlake Iron Servel Inc Shattuck Brighton Banke Colum ‘Gas’ & EL Shell Union Oil Cincinnati Bank and Trust Asesee Columbia Grapho A && Int Combus Washington Match Sinclair Can Oil First National Norw WBF Acesoncesscses Nickel Can Skelly Oil Morris Plan Bank Conde P Nast Dairies B Congoleum Nairn Southern Pacific Congress Cigar Consol Cigar Tel & Tel Spiegel May Stern Consol Textile Jewel Tea Neeseseneenensens Gas & E Johns Manville Jordan Motor Car Rania Calif Karstadt Rudolf Kayser Kansas Keith Aldorph Kelly Sprd Kelsey Hayes Sterling Ariese Lehigh Val R R Symington A Lehigh Val Wether Asteepeaghs Lehman Corp Tex Gulf Lehn & Fink Prod Texas & Pac Owens Glass Tex Pac Coal & Oil Lig & Myers Texas Pac Land Tr Lima Locomotive Ceeseesessee Reseerees Loew TCS Louisiana Oil Ref Tobacco P Aeeerenseeses Louis Gas&Blee A Resensistoensesse Louisville & Nash Ludlum Steel Transite & Will St Tri Contin Corp Ccccres UCB Macy Rh) Reese I Coal Adison Sq Eeennee Twin City Raper Mallinson Agma Manhattan el Sup Manh Elev m Gtd Elliott Market Stay Pr P Union Bag & Paper Marlin Rockwell Union Ae Union Oil of Cal Marmon Motor Union Pacific Marshal Field Union Tank Car Mathieson Alkali United Aircraft May Dept Stores Tee United Biscuit United Carbon Si McKeesport Tin McCrory Stores United Cigar Stores cKesson & Rob United Corp Eccree Aries Aig

It's Not Candy

The U S Circuit Court of Appeals ruled that sweet chocolate is not candy, potentially triggering a $7 000 000 tax refund for four chocolate makers Hershey Wilbur Suchard Klein and York with further appeals likely to the Supreme Court and related refunds listed.

Wall Street Journal Wire Philadelphia Uited States Circuit Court of Appeals William H. Ieivkpatiee United States Supreme Court Hershey Company Wilbur-Suchard Klein York

Unlisted Securities Market Review From Cincinnati Exchange

The Cincinnati Stock Exchange closes a dull week with high intercity movements and ample liquidity. Banks anticipate easy money with looming rate changes, while overall business remains average outside a few overdone sectors. Week totals show $63.31 million in clearings and 16,791 shares traded across six days, with various rights and bonds also active.

L. A. Parrish Financial Day Barks Leet Faney Vame

Featureless Session On Cincinnati Exchange Despite Light Turnover

Local stock trading was subdued as bids fell across the board on light volume. Three stocks American Rolling Mill Engel-Picher and Formica hit new lows while National Recording Pump showed a rare advance amid scattered moves elsewhere.

E. B. Radcliffe Cincinnati Charngold American Rolling Mill Engel-Picher Formica New York National

Turpentine and Rosin Prices and Stocks in Savannah

Turpentine firm reports 4214 cents per barrel and 358 barrels sold with 725 barrels received and 36 shipped leaving 19 057 barrels on hand. Rosin firm shows sales 484 barrels, receipts 2291 barrels, shipments 1059 barrels and stock 89 495 barrels. Quotes list varying prices from 5 26 to 7 10 with several grades and destinations.

Turpentine and ROSIN Savannah Turpentine

Anaconda Directors Expected to Cut Dividend on June 26

Market speculation runs high as Anaconda directors near a June 26 meeting. Rumors say the annual payout could drop from $7 to $4 per share, with traders pricing in the lower rate amid widespread dividend cuts in the sector.

Anaconda

Amrad Corporation Stock Listing in Cincinnati Markets

Amrad Corporation common stock shown in Crosley Radio Cincinnati market notes. Crank Participating and Convertible classes listed with Bought Sold Quoted data via R. E. Field & Co. member Cincinnati Stock Exchange. Union Central Bank contact shown.

Cincinnati R. E. Field & Co Cincinnati Stock Exchange Union Central Telephone Main

Foster-Wheeler Profit-Taking Amid Strong Orders

Foster-Wheeler shares show profit-taking while market sponsorship remains robust. Analysts cite $11,000,000 of unfilled orders at month start as evidence of active operations and strong earnings potential for the year, with five month results seen as a new high.

Foster-Wheeler

Goodrich Faces Financing Test After Price Cuts

The Goodyear price reductions threaten Goodrich as it consolidates Hood and Miller Rubber acquisitions. The planned $30 million debenture offer could repay about $23 million in bank loans and boost working capital, but industry uncertainties push conservatives to wait for clearer tire market prospects.

Goodrich Goodyear Hood Company Miller Rubber Company

Coca Cola Stock Traders Eye Higher Quarter Earnings

Coca Cola may report earnings near four dollars a share for the current quarter versus 3.19 last year, a record for the period. The stock attracts attention as Coca Cola shows expanding sales, favorable weather boosting demand, and low sugar costs aiding profitability.

Coca-Cola

Also Mentioned on This Page

Dow- Jones New York Stock Exchange Unch Hailes Aeronautical Westheimer & Co Ask Aero Marine Ace American Eagle Caesana Reneeeee News Kinner Sky Special Warner Aeeenee Stinson Eet Ones Stearmareneenes Atlas National Bank Walnut St Largest Building Association Fred Tuke Edw Holz Stock Exchange United Fruit United Gas & Imp US & Foreign U_S Ccscorcee Univ Ut Pow & Ran Seogesesneseocees Saseereereeesare Ee ™ m Corp Waldorf West Pacific West Union Air Brake Mfg Esis Tdo Weston el Wextark Radio Wheel&l Erie Wilcox Oil & Gas Willys Overland Wrigley Jr (Wm Zenith Radio Gee Oils Ebnbelen Biesensess Sobasraessee Guy Bankers Sennen Acta. Se Ee W. E. Hutton & Co Nat’ Gas Cities Service Sr Houston Gulf Salt Creek United Standard Oil Stocks Ad Transit Etree Teen Conservnce Atlantig Prairie Stan Oil N Jenn Viervereee THE Westheimer Survey Walnut Street Amrad Corporation Common Stock Crosley Radio Common Stock W.E. Hutton & Co First National Bank Building Louisville Detroit Lexington Toledo Dayton New York Curb Exchange Chicago Stock Exchange Detroit Stock Exchange Chicago Board of Trade New York Cotton Exchange Statistical Department
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