Markets hold steady amid dividend cut and rate shifts
Traders faced a mixed session as Chicago and Great Western cut its dividend basis from 7 to 5 percent and money rates swung from 7 to 10 percent then back to 8 percent. American Rolling Mill and Procter & Gamble held gains while overall sales were modest at 262 shares. Bank clearings totaled 9,186,226 with heavy interbank transfers.
MENTIONED IN THIS ARTICLE
New York
Chicago & Great Western Railway
American
Local Exchange
Procter & Gamble Common
South America
Dutch Indies
East Indies
The
Stock Exchange
Rolling Mill Common
Common
Cooper Corporation
American Laundry’ Machinery Common
Iodyecar Tire and Rubber Preferred
Paragon Refining
Whitaker Paper Common
Second National Bank
Cincinnati Gas and Electric
Columbia Gas and Electric
New York Exchange
Ohio Cities Gas Common
Ohio Cities Gas Preferred
Little Miami
Cincinnati Street Railway
Bank Official to Represent Council at Republican Convention
President Charlies A Hinsch of the Fifth Third National Bank rushed to Chicago Monday after a telegram from Secretary O K K Davish of the National Council of Foreign Trade. Hinsch will present the council's financial declarations to the Committee on Resolutions and urge their inclusion in the convention agenda.
MENTIONED IN THIS ARTICLE
Charlies A. Hinsch
Fifth-Third National Bank
Chicago
O. K K. Davish
National Council of Foreign Trade
Hinsch
Bankers to Convene Joint KY Association Meeting at Ft Mitchell
A large turnout of Cincinnati bankers and banking officials will attend the joint meeting of Groups Nos. 6 and 9 of the Kentucky Bankers Association today at Ft. Mitchell. President E S Lee of the First National Bank of Covington will preside and several addresses will be delivered. A luncheon at the Country Club will accompany the session.
MENTIONED IN THIS ARTICLE
Cincinnati
Kentucky Bankers’ Association
Ft. Mitchell
E. SS. Lee
First National Bank of
Stutz Motor Board approves stock dividend payment
The Stutz Motor Company board ordered a percent stock dividend to stockholders with a record date of June 18 and payment date of June 2. The four installment plan was rescinded. A regular cash dividend of 1.75 a share was set for July 8 to holders of record June 3.
MENTIONED IN THIS ARTICLE
Stutz Motor Company
Allen Ryan
Franks add new department for unlisted stocks and bonds
A. and J. Frank expand their brokerage to include a department of sales of unlisted stocks and bonds. Edwin Frank will manage the department. Interest in Indian Refining common stock surged with bids near 192 and offers at 220.
MENTIONED IN THIS ARTICLE
A. & J. Frank
New York
Edwin Frank
Steamship sailings and vacancies announced by lines
Telegrams from New York and New Orleans report the Three Star Line will send the Olympe to Marseilles in the second half of June from New York and Philadelphia. The Cunard Line lists the Caronia sailing June 26 to Plymouth and Cherbourg. The Steele Steamship Line announces a freight steamer to Yokohama Kobe and China ports for June and July. The Frank Tourist Co says all July Western tours have no vacancies.
MENTIONED IN THIS ARTICLE
Commercial Department
Fifth-Third National Bank
New York
Three Star Line
Olympe
Philadelphia
Marseilles
Cunard Line
Caronia
Plymouth
Cherbourg
New Orleans
Steele Steamship Line
Yokohama
Kobe
China Ports
Frank Tourist Commy
Market roundup of base metals on futures and spot prices
Copper dull in New York with June and July rates around 1 percent, August at 18 cents, while iron, tin, and lead show mixed but stable quotes. London copper and tin show spot and futures activity, with zinc and lead quoted in sterling terms and East St. Louis spot for zinc at 7.40 dollars bid.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
London
Cotton goods market shows mixed activity in New York
In New York on June 8 the cotton goods market was quiet with print cloths fairly steady. Fine goods were dull, yarns quiet, burlaps easy, wool goods very quiet and silks dull.
MENTIONED IN THIS ARTICLE
New York
Bank Clearings Report Mixed Across Cities On June 8
Cincinnati shows clearings of 9 186 226 with tighter money. brokers’ call loans at 6 7 and 8 percent. Stock exchange notes modest activity with Procter and Gamble and American Rolling Mill among top listed issues. Chicago clears 106 230 269. New York exchange steady. St Louis reports 22 851 753 with varied discount rates.
MENTIONED IN THIS ARTICLE
Cincinnati
Stock Exchange
Ask
Cue & C. c
Broadway & Newp
Procter & Gamblers
Mach
Wererseesene
Andrew Jergens
Black-Clawsaen
Casey-Hedges
Cooper Corp
Sorcoran
Etree
French Bros
Bauer
Gibson Art
Goodyear
Globe- Wernicke
Gruen Sons Watch
Sateen
United States
S. Print
Lith
Whitaker
Atlas National Box
Bank
First National
Atte Second National
Western Bank and Trust Co
Cincinnati Gas and Plectric
Cities Service
Ohio Cities Gas
Ohio State Telephone
Miami
I” C
Cincinati Street Railway
Ohio Traction
Cincinnati Stock Exchange
American Rolling Mill
Goodyear Tire Pref
Paragon Refining Co
Procter & Gamble
Bell Tel
Cincinnati Gas and Electric
Cin‘ti
the Commercial Tribune
Chicago
New York Exchange
Special Dispatch
ST. Louis
Financial Markets Report from New York to Paris
Mercantile paper rates in New York show 7 percent exchange firm with sixty day bills at 3 87, demand 3 91, cables 3 92. Government bonds heavy, time loans strong at 8 percent, call money high at 10 percent, bank acceptances 6 percent. London silver 48 1 2d per oz. Paris notes cite heavy prices, dollar at 13 1 3 cents.
MENTIONED IN THIS ARTICLE
P. C. Atchison
Atlantic Coast Line
Baltimore & Ohio
Canadian Pacific
Chesapeake & Ohio
Chicago Great West
Neuer Si
Chicago
West
Milwaukee & St. P
Rock Island
Heer Ewsewnne
Delaware & Hudson
Laware & Lackawanna
Denver
Rio Grande
Great Northern
St Fa
Ilinois Central
Interborough-Metropolitan
Iee
Ansas City Southern
Isi
Louisville & Nashville
Missouri, Kansas & Texas
Minneapolis & St. Louis
Missouri Pacific
Do Pref
Sereterserens Sone
New Haven & Hartford
New York Central Ee
Norfolk & Western
Northern Pacific
Pere Marquette Eee
Southern Pacific
Tee Railway
Tee
Ns Ee Ee
St. Jaeie
Southwestern Ee
Texas & Pacific
Union Pacific
Wheeling - Lake Erie
P. C. Advance Rumely Et
Ajax
Allis-Chalmers
Sete Eee
American Car and Foundry
Ewe
American Sugar Refining Co
American Tel and Telegraph
American Tobacco Securities
American Woolen
Anaconda Mining Co
Barraitt Co
Bethlehem
Eee Layne
Motors
Tee Ewee
Bethlehem Steel
Sane Welt
Saad
Nepal
New York
Mercantile Paper
Sterling
New York Exchange
Montreal
London
Paris
Fiy
Wall Street Clears Mixed, Northwestern Dividend Cut Noted
Stock trading remained thin as Chicago and Northwestern cut dividends for common from 7 to 5 percent and preferred from 8 to 7 percent amid Chicago political headlines. Rails led declines with Northwestern down sharply, while oils and equipment held steady. total sales reached 37,000 shares. Liberty bonds showed irregular movement while other U.S. bonds were unchanged.
MENTIONED IN THIS ARTICLE
New York
Stock Exchange
Chicago
Chicago & Northwestern Railway
Vanderbilt
Chicago & Northwestern Common
Preferred
Rails
Call Money
United States
Ohio Incorporations and Capital Increases Reported
Columbus Ohio June 8 Incorporations listed include The Momence Wild Company Lima 50000 The Realty Collection Company Akron 10000 The Barberton Pure Milk Company Barberton 25000 The Peerless Sanitary Doughnut Company Sandusky 10000 The Wilber Oil Company Zanesville 50000 The Johnson Doppler Lumber Company Cincinnati 10000 The United States Automotive Products Company Cleveland 5000 The Illinois Oldsmobile Company Cleveland 1000 The Felton Flowers Company Cleveland 250000 The Eton Improvement Company Cleveland 2000 Increases include Hercules Clothing Zanesville 100000 Alliance Masonic Temple Alliance 35000 to 125000 Atlantic Foundry Akron 500000 to ate Union Gas and Fuel Company Yorton to 300000 Western Foundry and Manufacturing Springfield 10000 to 30000 City Plumbing Cleveland 10000 to 20000
MENTIONED IN THIS ARTICLE
Columbus
Momence-Wild Company
Lima
A. J. Wild
P. I. Wild
Realty Collection Company
Akron
H. M. Eaton
J. L. Smith
Barberton Pure Milk Company
Barberton
W. N. McMillem
Mary G. McMillem
Peerless Sanitary Doughnut Company
Sandusky
Bell
J. H. Swagger
Wilber Oil Company
Zanesville
C.E. Wilhelm
M. R. Meyer
Johnson-Doppler Lumber Company
Cincinnati
E. F. Feters
M. Banks
United States Automotive Products Company
Cleveland
A. J. Fossa
A. E. Rogers
Illinois Oldsmobile Company
W. K. Gardner
H. Hi. Gorman
Felton. Flowers Company
D. R. Wilkin
Q. H Findley
Eton Improvement Company
S. N. Weitz
I. M. Ross
Hercules Clothing Company
Alliance Masonic Temple Company
Alliance
Atlantic Foundry Company
Union Gas and Fuel Company
Yorntown
Western Foundry and Banufacturing Company
Springfield
The
City Plumbing Company
Dairy and poultry market briefs from New York and midwest hubs
New York reports receipts of 12 492 packages of butter with creamer extras and various cheese and milk flats prices. Kansas City and Chicago note mixed egg prices and butter fluctuations while Cleveland lists butter ranges and egg quotes for new cases and poultry.
MENTIONED IN THIS ARTICLE
New York
Pennsylvania
Hennery
Kansas City
Chicago
ST. Louis
Cleveland
Daily Bulletin
Michigan
Ohio
Wisconsin
Schweitzer
Raw sugar market steady with firmer undertone
New York June 8 The raw sugar market shows no change with a firmer undertone as yesterday’s trades cleared sugars. Prices closed at 19 5 8 cents a pound for Cubas 20 3 4 cents for centrifugal. Refined sugar held at 5 8 16 to 6 1 4 cents. One refiner allotted for fine shipment at 22 cents. Futures rose 5 to 45 points on the firmer tone.
MENTIONED IN THIS ARTICLE
New York
Cattle Market Report Cincinnati June 8 1920
Receipts and shipments for the past twenty four hours show cattle hogs sheep and totals across markets with Chicago and other cities. Cattle trade active with firm prices. vealers strong at 16 dollars. stockers light demand. hogs up to 15.50 with steady under 150 pounds. lambs and sheep steady to higher in places. Major quotes include weighty steers around 14 to 14.50 and vealers 15 to 16, with calves strong at 10 to 17 in various lots.
MENTIONED IN THIS ARTICLE
Cincinnati
Chicago
U. S. Bureau of Markets
Kansas City
Clevisland
New York
Pittsburg
Chicago Grain Market Faces Mixed Day Amid Silver Drag
Chicago prices slipped for corn while oats rose and provisions fell on June 8. Weak silver and a cut in the Northwestern dividend spurred bearish corn sentiment as Argentine offerings and car shortages weighed on the market, with July and September futures quoted around 1.70 and 1.57 respectively. Cash grains show No 2 red wheat 3.54, No 2 corn 1.90 to 1.95, and oats 0.18 to 0.19.
MENTIONED IN THIS ARTICLE
Chicago
Chicago & Northwestern
Far East
United States Seaboard
Commodity price snapshot across U S cities and markets
Grain and feed prices show mixed moves with wheat easing in New York and Kansas City, corn steady to firm in several markets, oats unsettled in Chicago and Minneapolis, and barley and rye quoted in Toledo Milwaukee and other hubs. Multiple dates June 8 reflect spot and futures levels for No 2 red and white wheats, No 2 yellow corn, oats, lard, and related commodities. Continuous dispatch notes regional price variations and cash values across the Midwest and Great Lakes ports.
MENTIONED IN THIS ARTICLE
New York
Middle West
Kansas City
Toledo
Alsike
Timothy
Minneapolis
ST. Louis
Tennessee Golden
Western Liberty
Kansas
Wheat Harvest Nears As Prices Fall Across Market
Cincinnati June 8 1920 wheat harvest nears with prices down up to 5 cents due to lower export demand and abundant supply. Corn oats and hay also ease with mixed movement and steady to lower bids. livestock and dairy markets show little change as Tuesday inspections report varied commodity values across grains hay and produce.
MENTIONED IN THIS ARTICLE
Cincinnati
Timothy
Murray Home Bought by J J Sullivan Co
J J Sullivan Co funeral directors buy the Murray home at Bell Place and McMillan Street for suburban funeral parlors to operate with the city parlor at 235 East Fourth Street. Possession on July 1 with plans for elaborate improvements. Lot measures 115 feet by 150 feet.
MENTIONED IN THIS ARTICLE
J.J. Sullivan & Co
Murray
Bell Place
McMillan Street
East Fourth Street
Weinberger Kaufman Company Postpones Dissolution Meeting
Notice of dissolution announces a stockholders meeting for The Weinberger Kaufman Company of Cincinnati Ohio to consider surrendering corporate authority and dissolving. The meeting is set for July 7 1920 at 2 p.m. in the Fourth National Bank Building Cincinnati.
MENTIONED IN THIS ARTICLE
Weinberger-Kaufman Company
Cinccinnati
Ohio
R. de V. Carroll
Fourth National Bank
Cincinnati
Max Weinberger
City authorities plan oiling of several Cincinnati streets
The Director of Public Service will oil roadways abutting Boone street Essex place Whittier street Moerlein avenue Atkinson Bosley Warner Wheeler Emming Rohs Stratford Klotter Manchester Ravine Ada from McMillan to various connecting streets. Assessments will be levied per abutting foot to cover the cost, with timing to be set for summer 1920 and final details per state law. CHAS. F. HORNBERGER, Director. Dated June 1, 192.
MENTIONED IN THIS ARTICLE
Director of Public Service
City of Cincinnati
John Fadella
Boone Street
McMillan Street
Burbank Street
Herschede Hall Clock Co
Essex Place
June Street
Crown Street
May Street
Louis Soal
Whittier Street
Reading Road
Fredonia Avenue
C. Knecht
Moerlein Avenue
Warner Street
Atkinson Street
Clifton Avenue
Bosley Street
Fairview Avenue
Wheeler Street
Emming Street
Emming Reet
Steps
Rohs Avenue
Stratford Avenue
Klotter Avenue
Manchester Avenue
Ravine Street
McMicken Avenue
Ada Street
Kress Alley
Mannchester Avenue
Klotter’ Avenue
Klotters Avenue
Public Rvice
State of Ohio
Chas. F. Hornberger
Public Service
Edward P. Durr
To Subscribers Ensure Your Copy From The Canal Board
A notice directs subscribers to secure their copy of The C. T by sending a postal board or calling Canal 3570 for arrangements. The message emphasizes confirmation of receipt and provides a contact method for distribution.
Also Mentioned on This Page
BeRmmier
Financial Notes
NEW York Stock E Exchange
Utton & CO
California Packing Eee
Cerro de Pasco
Wetleweare Certainteed
Chendler Motors Woterre
Columbia Gas St
Columbia Graphaphone
Consolidated Gas Continental
Famous Players Cues Essees Esesents
Port Tex
Teteees
Gaston
Ww & W Inc
General Cigars
General Motors
General Electric Sreeraccos
N J Ewes
Intern Agricul Chem
Ete International Nickel Co
National Mercan Marine
Cenes
International Paper
Serene A Henner
Kennecott Copper
Keystone Tire and Rubber
Ee Lackawanna Steel Ate
Mexican Petroleum
Midvale Steel
New York Air Brake
Nevada
Nova Scotia Steel
Osio
Oklahoma
Otis Steel Einem Ee
Pan-Anerican Peter
Ee Hee
Pan-Anerican
Pennsylvania Steel
People's Gas
Philadelphia Co
Pigreve-Arrow
Pierce
Pressed Steel Car
Pullman Co Ee
Waleewnee
Punta-Alegre Sugar Ee
Ray Consolidated Seeere Ae
Remington Typewriter
Republic Steel Eee
Royal Dutch Caen Wean Et Tee
Saxon Motors
Aeeel Sebeee
Shell Transport
Sinclair Oil and
Texas Oil Uo
Tobacco Products Corpn
Te Union Oil of Delaware
United States Rubber Sae
Enlewwace
United States Steel
Ccs Cos
United
United Fruit «Co
United S
Utah
Western Union
Westinghouse Electric
White Motors
Willys-Overland
Wilson & Cc Ve
Beseeesleenees
Worthington
Local Securities
Boston
W. E. Hutton & CO
Adventure
Arizona
Butte
Baltimore
Calumet
Centennial Sane Ences Sone Copper Range
Daly-West
Bette
Franklin Alee
Hancock
Indiana
Island Creek
Kerr Lake
la Salle Brew
Idanite
Massachusetts Consolidated
Kanes
Quincy
Shannon Bee
Victoria Treeeanee
Ewwanee Wolverine Deccesaveweeserrsere
Wyandotte Ee
Amsterdam
Stockholm
Whee Wither
Atta Renee Wee
Sadevias
Panama
Philippine Island
Etna
District of Columbia
Liberty
Liberty First
Vereaip Ead
Liberty Third
Liberty Fourth
Ns Cos
Victory
Ores Ee
Saeehen Ener Ewee
N. Y
Shipping Notes
METAL
Standard Oil Stocks
Alfred Hill & CO
Anglo-American Oil Co
Atlantic Refining
Bornescry
Luufdie
Buckeye Pipe Line Co
Cheseborough Mfg
Continental Oil
Crescent Pipe Line
Cumberland Pipe Line
Ate Toe Eureka Pipe Line Co
Galena
Qil Co
Illinois Pipe Line Co
Indiana Pipe Line Co
National Transit Co
New York Transit Co
Northern Pipe Line Co
Ohio Qil
Prairie Oil and
Prairie Pipe Line Co
Solar Refining Co
Southern Pipe Line Co
Southern Penn Oil Co
Penn Lines
California
Enbes
S. O
Kentucky
Nebraskas
New Jersey
Ss. O
Union Tank Lint Co
Vacuum Oil CO
Cattlemarket
Chicago Grain Market
Grain and Provisions
Commercial Tribune
Indianapolis
Ind
Ats Strong
Hay Firm
Milwaukee
Perth
Fruits and Vegetables
Alabama
Mississippi
H. G. Dez
H. G
Florida
H. G. Field
Texas
Erie
Rose
Louisville
Beurars G. Bunch
N. C
Nancy Hall
Louisiana
Murray Home
J. J. Sullivan & CO
Clydesdale Motor Truck Company
J. Frank
Union Trust
Main
United States Postal Fire Insurance Company
United States Postal Fire Insurance Co
ST. Paul Building
Fred L. Hoffman
Common Pleas
Judge Hamilton Co
Tion Board
Frank Zumstein
Pres. Zumstein
Taxicab Co
Cin 'Ti
Clo’re
Schwab & McCaslin
Bell Block 1
W.W. & Wallawal
Washington Bank & Savings Co
J. N. Garfunkle
John Sauer
Washington Bank and Trust CO
Union Savings Bank and Trust CO
Ohio Cities
Bond Department
American Light & Traction Company
Ational City Senate
Telephone
Crossman
Sherman Co
Harry Jasculca
East Fourth ST
Baldwin
Baldwin Piano CO
W. 4Th St