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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 29, 1929

Page

8

Credit Developments Lift Bull Market Prices

Prices of favored stocks rose to new highs as credit developments spur buying. The day saw broad gains led by utilities and industrials with American Telephone and International Telephone pushing records in convertibles. The Dow rose about 2.74 percent, while bank loan conditions remained tight and time money fell to 7.5 percent.

New York Stock Exchange Wall Street Federal Reserve Board Reserve Board Dow, Jones American Power and Light Commonwealth Power Consolidated Gas and Peoples American Telephone and Telegraph International Telephone and Telegraph General Electric Westinghouse Bethlehem United States Steel Coppers Anaconda General Motors Crysler Timken Trico

New York Bonds Market Report Includes Global Listings

Daily bond prices on the New York Stock Exchange show highs lows and closes for principal issues in foreign and domestic issues. Various bonds including Argentina Brazil Denmark France Greece Hungary and Ireland are listed with rates and maturities, reflecting a broad appetite for international debt.

New York New York Stock Exchange

Local Stock List Shows Gradual Rise On Trading Day

The local stock market continued its gradual rise with sales totaling 3,0082 shares and $5,000 in bonds for the day. Bonds cited include Wurlitzer debentures of 1936, sold at 97 percent with no quotations available.

L. A. Parrish

Markets at a Glance New York and Chicago Update

In New York stocks rise with People's Gas up 25 points and curb trades led by Electric Bond and Share up over 6. Telegraphs show bonds steady while foreign exchanges hold steady as French francs hit a 1929 peak. Cotton and sugar rise on poor weather and market firmer. coffee falls on Brazil offers. In Chicago wheat stays firm on bullish crop reports while corn remains firm. Illinois weather shows cattle steady and hogs higher on unfavorable conditions.

United Light and Power A United Light and Railways American Light and Traction Detroit Edison Company Commonwealth and Southern New York

Exchange rates steady as markets close

The average rate hovered around fifty cents against the dollar while the French franc moved to a new high. Other leading currencies displayed little change in quiet foreign exchange trading activity.

Ton Jon

Dominick & Dominick Admits Partners in Cincinnati Office

The Cincinnati Stock Exchange was notified that on July 1 Dominick and Dominick will admit as general partners the cashier William C. Beach the Treasurer Edward K. Davis and William J. Howard manager of the Cincinnati offices. Howard has led the Cincinnati offices for years and will become resident partner in Ohio with supervision over the Dayton office as Howard Converse remains manager.

Cincinnati Stock Exchange Richard Leving Dominick & Dominick New York Broadway William C. Beach Edward K. Davis William J. Howard Cincinnati Howard S. S. Stueve Ohio Dayton Howard Converse

Stocks Ex-Dividend on Cincinnati Exchange

Stocks ex dividend on the Cincinnati Stock Exchange yesterday for payment around the opening of the month included American Rolling Mill common 50 cents cash Baldwin 37 4 cents C N & C Light and Traction 1 50 and preferred 1 12 4 percent and Eagle Picher 20 cents. Stocks to sell ex dividend Monday July 1 include Mead Pulp and Paper 1 American Rolling Mill 5 percent and Rapid Electrotype 6 percent.

Mead Pulp and Paper Fleischmann Amrad Formica Insulation Gibson Art Senna U.S Aluminum Industries American Rolling Mill Baldwin ‘Preferred Cincinnati Stock Exchange American Rolling Mill Common Baldwin C., N. & C. Light and Traction Preferred Eagle- Picher Rapid Electrotype

Evans Returns From Southern Bank Meetings

Charles N. Evans assistant cashier of Fifth Third Union Trust Company returned to his desk yesterday after a weeklong trip through the South to attend bank meetings and visit financial friends in North and South Carolina. He spent a day or two in North Carolina and attended meetings in Virginia, coming home via New York.

Charles N. Evans Fifth Third Union Trust Company South North South Carolina N. C Virginia New York

Gardner Motor Car Company to vote on expansion plan

Stockholders will vote on August 3 to approve a $2,500,000 expansion financed by issuing 200,000 additional common shares at $14 each.

Gardner Motor Car Company

Rail firm seeks 39000 tons of rails and box express cars

The Norfolk & Western Railroad inquires for 39 000 tons of rails and plans to build ten box express cars at Roanoke shops. The General Tire and Rubber Company of Akron reports its best six months in history under President William O Neil, with export sales up 46 percent and domestic shipments up about 20 percent in the first half of the fiscal year ending May 31.

Norfolk & Western Railroad Roanoke General Tire and Rubber Company Akron William O'Neil

Weekly bond offerings rise to 85 million this week

New bond offerings for the week totaled 85 046 000 dollars, down from 136 851 000 the prior week and below 117 646 000 in the same week last year, reflecting a softer market pace.

Neisner proposes merger talks paused for September

A. H. Neisner, president of Neisner Bros. of Rochester, announced negotiations for a merger with several chain stores including Neisner and F. W. Grand have been temporarily abandoned. He said talks will resume in September upon his return from inspecting Neisner’s European stores.

A. H. Neisner Neisner Bros Rochester N. Y Neisner F. & W. Grand

Treasury calls for second installments on certificates of indebtedness

The United States Treasury issues a July 1 call for 24,816,200 to be repaid by depositary institutions in the Second Federal Reserve District. The funds cover the remaining balance on certificates dated March 16. A July 2 call for 7,680,800, or 10 percent of the June 1a issue, is also issued for re payment.

United States Treasury Federal Reserve District

Hocking Valley Railroad Revenues Fall May Figures Rise Five Months

F. D. Hodgson Comptroller released the report showing May 1ly2y revenues at 1 1457 230 a decrease of 159 403 from last year. For the five month period revenues reached 38 007 947 up 890 905 from the prior year, with Hodgson noting the changes.

Hocking Valley Railroad Company F. D. Hodgson

Ohio Seamless Tube approves 40 percent capacity rise

The Ohio Seamless Tube Company of Shelby approves a plan to raise plant capacity by 40 percent due to stronger demand from automobile and aviation sectors. About $400000 will be spent on new buildings and extra equipment.

Ohio Seamless Tube Company Shelby

Awards total for heavy construction ops week near $64.6 million

Awards on heavy construction operations nationwide in the past week totaled 64.555 million, down from 125.751 million a year earlier, according to The Engineering News-Record.

Engineering News-Record

Coal firm insures 35 million group fire policy

Consolidation Coal Company issues a 35 million dollar group fire insurance policy covering employees of the parent and its subsidiaries in West Virginia Maryland and Pennsylvania.

Consolidation Coal Company West Virginia Maryland Pennsylvania

Indiana Pipe Line Co declares stock reduction dividends

Directors announce a $20 payment from the capital stock reduction account plus $3 extra and $1 regular dividends. Holders of $50 par shares receive three $10 par shares due August 15 for records July 26. Indiana Pipe Line, once a Standard Oil New Jersey subsidiary, reduced capital from $5,000,000 to $3,000,000. Weekly U S business failures list from R G Dun shows 425 this week, 427 last, 426 two weeks ago, vs 423 year ago.

Indiana Pipe Line Company Indiana Pipe Line Standard Oil Company of New Jersey United States R. G. Dun & Co

Erie Railroad resumes preferred dividends after 27 years

Directors order full annual 4 per cent rate on both classes of preferred stock. Two semi-annual 2 per cent dividends declared, totaling $4 annual, with July 31 and December 31 payments to shareholders of record July 16 and December 16 respectively. The last dividend was paid in 1907 at $2 per share.

Erie Railroad

Cont’l Oil Stock Trades Canceled On NYSE Mix-Up

The New York Stock Exchange canceled all Continental Oil Company trades and postponed contract performance after a mix-up between Continental Oil of Delaware on the NYSE and Continental Oil Company of Maine on the NY Curb Exchange caused confusion among brokers and traders.

Continental Oil Company New York Stock Exchange Exchange Continental Oil of Delaware Continental Oil Company of Maine New York Curb Exchange

Foreign exchange rates in New York June 28 1929

Daily list of international currencies with demand and cable rates. Notable figures include Sterling around 4.85, Belgium 13.89, France near 3.91, Germany about 23.83, Italy 5.23, Spain 14.15, Holland 40.13, Norway 26.63, Argentina pesos, Hongkong 48.00, Shanghai 57.87, Manila 49.62, Yokohama 43.70, Montreal funds 99.12.

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Standard Oil Stocks Race Through Volatile Markets

A brief stock table shows Standard Oil and peers like Anglo American Humble and Illinois Pipe with varied prices and dividend-like percentages. Listed rail and transit stocks appear alongside oil majors, reflecting a turbulent session with mixed gains and losses.

You Benefit o 95 Next to Tax Free in Ohio Stock

A brief note highlights a tax free option in Ohio stock offerings with a $95 figure linked to the benefit. The item reads as a promotional snippet describing tax advantages and potential gains. No broader context is provided in the fragment.

Also Mentioned on This Page

and Mead Pulp and Paper Laurence Stern Colon Panama Reichsmarks Straits Settlements American Telephone International Telephone Curb NEW York Stock Transactions Ag Po Payd Wwe Wrigley Je Yell Tre & Coach Young Yogtwa Sh & Tube Ann Igh Ie Ee Westvaco Chicrine Wheel Ll Erie White Eagle Oil Ta, Wilcox Oil & Gas Willys Wilson Seerenreeeeees Woolworth Worth Pump & M Wright NEW York Bonds Argos Sig Berlin City Bolivia Aces Bordeaux Brazil Ciy Budapest Mies Bo‘garia Los’ Anne "Ecosse Copenhagen Costa Rica Candina Marca Deutsche Ek Fiat Do 7S Arora Spaaiete Eereeeeewes Adil Nseder. Steel Ccc.s Irish Free St Chicago Stock Exchange Japan Kreuger& Toll Os Milan City New Seu Wales Nordaysf NorGer Lloyd Norway Eee Owen Ewereneres OrienDev Ltd Lyons-Med Peru Nee Rees Rioer Do Aeneaeeeeneen Tokyo el Lt Uruguay Tageeeene Cleveland Otis & Co Ask Allen Apex Elec Mfg Bessemer L & C Buckeye Incubator Shicaadabell al Greif Bros India Tire & Rubber Iteaear Ohio Mig Tereeeweer Myers & Bros En Es Refining Eeresneree National Tile Ree Lemur Seetiine Ohio Bell Tel Ohio Brass Bee Rawers Ohio Seamless Patterson-Sargent See Reliance Mfg Richman Bros River Raisin Paper Seiberling Rubber Merrie Tex BN BI IE Vichaic and Stearns Ogg Ppp Sosa Roes Erst Beewee Union Metals Mfg Wood Chemical Last Bile Eek Cos Allied Products Eicgucas Art Metal Works Settee Eeeeeesernee Atlas Stores ROOT Eeters Wee, Eee Bastian-Blessing Hook Csesenss Neecacsons Commonwealth Edison Stettens Eeweene Footer & Machine Great Lakes Eeneeeeewen Grigsby-Grunow Uni Ueers Eeeeeerrerener Gypsum Utilty Winton Engine Zenith Radio The Associated Press Chicago Illinois Financial Notes Standard Oil Stocks W. E. Hutton & Co Salay Suse Clonal Anglo-American Psiwree Ccschcescesnicke Continental Illinois Pipe National Transit New York Transit Praire South Penn Cal Ind Kan N J Aeronautical Weatheimer & Co Walnut Street Eeeetee American Eagle Gessna Aircraft Heywood Starter Kenner Aircraft Lincoln Aircraft Sky Specia Eeneses Stearman Aircraft Swallow Airplane Whittelsey Mfg Investment Security Procter and Gamble rwin-Ballmann Eaers
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