Higher money rate hurts stock sales and investments
Markets showed minor gains Thursday but no decisive movement. Bond men and brokers say high money rates deter trading as many seek 6 percent on call, keeping investors out of industrial and municipal bonds. Deposits rose while banks prepare for large July payments, with Liberty Loan duties due in a week and bonds largely unchanged beyond a few prewar government issues improving slightly.
MENTIONED IN THIS ARTICLE
New York Exchange
London
Stock Exchange
New York
Corcoran-Victor Common
Globe-Wernicke Common
National Acme
Paragon Refining Common
United States Printing and Lithograph
Cincinnati Gas and Electric
Columbia Gas and Electric
Cincinnati
Ohio Citiogs Gas
Ohio State Telephone Common
Pure Oil and Ohio Cities Gas deal deposits made
Reports from Pittsburg state eight percent common stock for Pure Oil Company was deposited with Columbia National Bank as final act of the agreement with Ohio Cities Gas Company. Thursday marked the last day of the ac quisit.
MENTIONED IN THIS ARTICLE
Pittsburg
Pure Oil Company
Ohio Cities Gas Company
Columbia National Bank
Cities Service Board Recommends Stock Reorganization
A New York telegram says Cities Service Co directors favorabolishing the $100 par common stock and issuing ten shares per existing share, creating stock without par. The plan includes listing both common and preferred on the New York Stock Exchange and a $250,000 special Red Cross dividend.
MENTIONED IN THIS ARTICLE
W. H. Chatfield & Co
Channer & Sawyer
H. IL. Doherty & Co
New York
Cities Service Company
New York Stock
Comiseny
Red Cross
Bank of Commerce and Savings in Chicago hit by resignations
Cincinnati bankers report turmoil at the Bank of Commerce and Savings in Chicago as five directors and the cashier resign after clearing-house pews withdraw. The State Auditor is conducting an examination of the bank.
MENTIONED IN THIS ARTICLE
Cincinnati
Bank of Commerce and Savings
Chicago
Int
Beazell Re-elected President of Local Traction Company
The Columbus New Albany and Johnstown Traction Company board met at Provident Savings Bank and Trust offices. H M Beazell was re-elected president Julius Reif continues as secretary and treasurer and J P Stephens remains general manager.
MENTIONED IN THIS ARTICLE
Columbus, New Albany & Johnstown Traction Company
Columbus
Provident Savings Bank and Trust Company
H. M. Beazell
Julius Reif
W. E. Hutton Returns From Washington Visit
WV. E. Hutton of W. E. Hutton & Co. returned Thursday from Washington D C. where he spent two days of the week.
MENTIONED IN THIS ARTICLE
WV. E. Hutton
W. E. Hutton & Co
Washington, D. C
J P Stephens Attends Cincinnati Board Meeting
J P Stephens general manager of the Columbus New Albany and Johnstown Traction Company was in Cincinnati on Thursday for a meeting with the company’s board of directors.
MENTIONED IN THIS ARTICLE
Columbus, New Albany & Johnstown Traction Company
Cincinnati
Bank Clearings and Stock Exchange Activity Report
Bank clearings in Cincinnati for June 21 totaled 6 684 991 dollars, up from 6 421 662 the previous day and 6 657 276 the prior Thursday. New York exchange quotes showed a 10 cent discount. loans and accommodations ranged around 5 1 4 to 6 percent. Cincinnati Stock Exchange transactions included 75 shares sold with notes on First Call Cin'ti Gas and Electric and Ohio State Telephone among others. In Chicago, June 21 clearings reached 75 649 969 dollars with balances 4 695 598 dollars, New York discount at 10 cents, and commercial paper quoted 5 4 to 6 percent.
MENTIONED IN THIS ARTICLE
Cincinnati
New York Exchange
Cincinnati Stock Exchange
Ti Gas and Electric
Ohio Cities Gas
Ohio State Telephone
Chicago
The
Stock Exchange
Miami & Germantown
Newport & Dayton
N. O. Traction
Cess Barney &Smith
Cincinnati G
E. Ist
Cincinnati Gas Transportation
Piccomneueccs Agm
Columbia G
American Rolling Mill
American Laundry Mach
Amer
Seed Mch
Farney & Smith
Ricass Do
Cccsever- Brownell
Ccce
Casey-Hedges
Champion
Chas
Boldt Glass
Cincinnati Milling Machine
Cincinnati Tobacco Warehouse
Cincinnati Union Stockyards
Corcoran-Victor Com
Fay & Egan
Age
Fleischmann
Gibson Art
Globe Soap
Globe-Wernicke
Columbus Ry
Do Guar
Andrew Jergens
Dee Gea
Foulds Milling
BIG NE
Gruen Sons Watch
Partic
Joslin-Schmidt
Kroger G. and
B. Co
Lawson
Manischewitzy
National Acme
Owens’ Bottle Machine
Paragon Refining
Oas
Procter & & Gamble
Urlitzer
OPOL
Besksaes
Can Co
Pe & L
Bell Tel
Cincinnati Gas and Electric
Ities Service
PEN Png
Reesei Eck
Columbia Gas
Indianapolis Telephone
Eis Dior
Iachekea
Little Miami Gu
Cincinnati Street Railway
Bat N. O. Elec. Corp. Come
Goa Ka
Snc Cdaws
Ohio Traction Leago
Mabenna Seaees Ae
Oma & C2
Ben
Toledo T., St. and
P. Com
EPO
Vicki Se Ccicee
Financial markets report from St Louis bank clearings
ST Louis report shows clearings of 19 929 147 with balances at 2 927 527. Time loans range 4 12 to 6 percent. Commercial rates 5 percent to 5 1/2 percent. Federal Reserve Bank traded New York exchange, bought at 12 cents and sold at 7 cents.
MENTIONED IN THIS ARTICLE
ST. Louis
Federal Reserve Bank
New York Exchange
Cotton Futures Steady After Early Liquidation Drop
New York June 2 Cotton market eased early with liquidation pushing October futures to 24.79 cents per pound. Later fluctuations brought October to around 25.1 cents and the list settled with a modest net loss. July rallied to 25.49 cents and spot middling remained near 25.70 cents as exports, port stocks, and freight news influenced sentiment.
MENTIONED IN THIS ARTICLE
New York
United States
Liverpool
Coffee futures ease on markets in New York trade
New York June 21 coffee futures opened lower by 2 to 5 points amid scattered liquidation and slight demand for later months. Small offerings absorbed at 7.88c for DeVeender with a rally to 7.89c on covering. closed 2 points lower net. Sales 47,000 bags. Closing bids list various months between 7.70c and 8.11c with Rio and Santos quotes noted. Brazilian port receipts totaled 9,000 bags Jundiahy 8,400 bags.
MENTIONED IN THIS ARTICLE
New York
Devender
Rios
Santos
London
Jundiahy
Unclear OCR: Ohio City Data Gaps Reported
Fragmentary report from Columbus notes Cities Service data gaps and a press on Ohio city figures. The text is garbled but indicates a numeric gap around 127,792,128 and an 86 percent figure.
MENTIONED IN THIS ARTICLE
Columbus
Ohio Cities
New York Bonds by W. E. Hutton & Co
Total sales reported as pend in New York bonds handled by W E Hutton & Co at First National Bank Building amounting to 1 988 000.
MENTIONED IN THIS ARTICLE
W. E. Hutton & Co
First National Bank
Cincinnati
Memers New York Stock Exchange
First National Bank Building
Irregular Chicago grain close despite crop progress
Chicago June 21 crop progress eased wheat prices while July options traders balanced trades. Wheat ranged from 1.25c lower to 2c up. July at 2.03 and September 1.78. Corn and oats advanced modestly. provisions stayed strong on packer demand amid labor price concerns and a high outlook for 1917 winter wheat yield.
MENTIONED IN THIS ARTICLE
Chicago
Congress
Washington
New Jersey
Seaboard
Kansas
Packin x
Ieee Ess Eeees
PR Everts
Awe
Grain and Provisions Market Roundup
Multiple city grain notes report June 21 prices for wheat corn rye oats barley and seeds in Toledo Kansas City St Louis Minneapolis New York Milwaukee and Duluth with cash and future quotes including No 2 hard red No 2 yellow and various July September and December contracts. Names of cities and commodity grades are prominent.
MENTIONED IN THIS ARTICLE
Toledo
Alsike
Timothy
Kansas City
ST. Louis
Minneapolis
New York
C. Fi. F
Middle West
Milwaukee
Duluth
Baltimore
Philadelphia
New Orleans
Cincinnati
Newport News
Chamber of Commerce
Market Report Milk Eggs and Poultry Prices Across States
New York reports steady butter and egg prices with large receipts on June 21. Creamery and state hens show varied but steady quotes. Kansas City and Chicago list similar movements with butter steady and eggs higher, noting sizable receipts and mixed quality grades.
MENTIONED IN THIS ARTICLE
New York
Pennsylvania
Kansas City
Chicago
New York Stocks Edge Higher Amid Mixed Market Signals
June 21 New York trading saw uneven gains across motors, shippings, and metals as government contract prospects and war tax news influence sentiment. Call money eased from 6 to 4 percent, with bonds mixed and Liberty bonds at par in limited quantities amid 580000 shares traded.
MENTIONED IN THIS ARTICLE
New York
Washington
Bank of England
People’s Gas
Ohio Gas
United States
Panama
Treasury shows 76 million surplus for fiscal year
The United States Treasury closed with a net general fund balance of 356,046,456 dollars. Receipts totaled 10,870,210 dollars and payments 5,406,462 dollars. The year ends with a surplus of 76,048,069 dollars, improving from a 29,331,258 dollar deficit last year excluding Panama Canal and public debt transactions.
MENTIONED IN THIS ARTICLE
Washington
United States Treasury
Cattle and Hogs Slump as Markets Open in Cincinnati
In Cincinnati on June 21 1917 cash markets show very slow demand. Cattle and calves under pressure with dull activity while good fed cattle hold steadier prices. Hogs weaken after opens, with heavy demand carried over and varying quotes across sizes and weights.
Sugar Market Steady as Local Demand Rises
New York reports firm local sugar market with Cubas at 5.96 cents per pound shipping cost and freight. About 150 000 bags traded to local refiners in recent days with futures quiet yet firm, June to March contracts closing near 5.0 to 5.18 cents.
MENTIONED IN THIS ARTICLE
New York
Cubas
Chicago stock list reads diverse industrial names and figures
A condensed Chicago market update lists companies including American Shipbuilding, Lindsay Light, Presto-Lite, Sears Roebuck, Union Carbide, United Paper Board and others with percentages and numbers such as 3, 76, 2, 141, 16, 71, 1.1, 197 and 23. The item reflects a miscellaneous price or index snapshot from the period.
MENTIONED IN THIS ARTICLE
Chicago
American Shipbuilding
Chicaso
Diamond Match
Lindsay Light
Presto-Lite
Sears-Rooebuck
Stewart-Warner
Swift & Co
Union Carbide
United Paper Board
Unusual Spring Broilers and Market Shifts in Cincinnati
Cincinnati markets report unusual demand for light spring broilers and ducks, strong summer resort buying, and price drops on potatoes and peaches. Wheat corn oats hay and flour show mixed movements with firm hay demand, while overall provisions reduce 50 cents and lard rises.
MENTIONED IN THIS ARTICLE
Cincinnati
HMAY
Rye City
Forty New Americans Gained With German Rejections at Court
Forty alien applications were approved at the session, including many from Germany, Hungary, Russia, Ireland, England, Austria, Roumania and Italy. Teacher Johannes Becker of Maplewood avenue was denied citizenship after evasive war sentiments, while Reuben Sway, a Russian applicant, was also rejected.
MENTIONED IN THIS ARTICLE
United States Court
Germany
Johannes Walther Becker
Maplewood Avenue
Hollister
United States
Reuben Sway
Race Street
Local court actions and incidents reported in detail
Lola Howard of 504 Smith Street was fined 200 dollars and costs by Judge Spiegel on bootlegging charges. George Batter of 4100 Hillside Avenue was arrested on a grand larceny warrant by Detectives Hill and Potts over an alleged June 12 theft of a car from Hebauf’s Car Street home. Thomas J. Sullivan, 46, of 1432 Raca Street, is held on a disorderly conduct charge after a disturbance in a Fifth Street restaurant while claiming to be an agent. Police seek Barnard Dowd, 75, of Glendale, last seen Thursday morning toward Cincinnati. William Buddemeyer, 50, of 1422 Vine Street, injured in a Fifth and Smith saloon fight, is hospitalized with facial cuts. A fire blamed on an overheated cookstove damaged a mess car for 500 dollars. Speakers for an allied suffrage clubs outing at the Zoo include Hopkins, Dalton, E L Hitchens, William Littleford, Mrs. Eunz Ohnstein, Mrs. Dora C. Horiie, and Mrs. C. H. Adler. Laura Nixon, 64, Washburn School retirements requests due to ill health. Cincinnati Catholic Actors Guild branch forming via George F. Smithfield of the Devereux Players for charitable aims. A two story vacant Canal and Race building was damaged by fire to an undetermined amount. formerly City Ice Delivery Company officer and park house.
MENTIONED IN THIS ARTICLE
Lola Howard
Smith Street
Spiegel
George Batter
Hillside ‘Avenue
Hill and Potts
Aloysius Hebauf
Carr Street
Hebauf
Batter
Thomas J. Sullivan
Raca Street
First District
Doll
Sullivan
Fifth Street
Barnard Dowd
Glendale
Cincinnati
William Buddemeyer
Porter
Vine Street
General Hospital
Fifth and
Smith Streets
Hopkins
Dalton Streets
William Littleford
Eunz Ohnstein
Akron
C. H. Adler
Glenn Trimble
Ellied
Zoo
Laura Nixon
Washburn School
Catholic Actors’ Guild
George F. Smithfield
Devereux Players
Canal and
Race Streets
City Ice Delivery Company
Man Confesses Forging Checks in Wake of Guilt
Austin Mattick 25 surrendered at the Second District after admitting to forging checks totaling 90 dollars drawn on his employer glazier Dave Neuer of 1510 Main Street. He said remorse kept him awake and drove him to walk near the station before turning himself in.
MENTIONED IN THIS ARTICLE
Dave Neuer
Glazier
Main Street
Austin Mattick
Third Avenue
Second District
Astin
Japanese Killed in Mexico Death Benefit Suggested
Secretary Baker recommended Congress appropriate 2 million dollars for the relatives of Tatuni Saito a Japanese man killed by three members of the Sixteenth Infantry during the Pershing expedition in Mexico The fatal encounter occurred during a dispute over liquor he was selling to American forces.
MENTIONED IN THIS ARTICLE
Washington
Congress
Tatuni Saito
Sixteenth Infantry
Mexico
Pershing
Baker
Saito
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Broadway
New York Stock Exchange
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New York Cotton Exchange
P. C
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Atchison Com
American Tobacco
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Sinclair Oil
Texas
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Sss
Eeee
Amer Ice Securities
Big
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FF. Pr Uv. K
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Cevas
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Bernhard “Mueller
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Gustave Walter Keitling
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H. F. Luken
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Fanny Frank
Hungary
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Michael Henzl
Russia
Abraham, Freilach
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Joseph
Local Securities
Seteere
Eee
Saaswsetee
Csedne Ca
Owanss
Ri Ieeceas
Keisuvesas
Tore Eee
U. S. Ind. Alcohol Central Leather
Delaware & Hudson Erie Railway
Pennsylvania R. R. American Locomotive
American Tobacco Rice Oil Co
George Graham Rice
William St
New York City
Vene
Ge Southern Ohio Savings Bank
Main ST
Paris
Baldwin Piano CO
W.4th St
American Telephone & Telegraph Co
G. D. Milne