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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Mar 05, 1925
Page
9
Widespread profit taking pushes May wheat to losses while general cash markets weaken. Reports show light receipts and buyers out of the market as corn oats and hay prices ease. Kansas City and Cincinnati figures reflect dull demand and lower quotes for No 1 red winter and various grain grades with limited transaction activity.
Official NY Cur Exchange transactions show industrials with Ford Motor, DuPont, Stutz, Reo, Interchemical, and many others. Market activity includes 502,800 shares traded with diverse bond issues and commodity notes across major sectors.
New York March 4 A further cotton advance was checked by realizing May contracts rose to 25.86 cents late, closing at 25.92 cents as the market steadied. Exports today reached 9,956 bales, total season shipments 6,318,516. port arrivals 18,915. U S port stocks 1,251,657.
In Chicago on March 4, Armour preferred at 91 percent, Cudahy at 106, Libby, McNeill 8, Middle West Utilities 89, Swift & Co. MG, Swift International 25, Union Carbide 70, and United States Gypsum 117, reflecting mixed movements among major industrials.
The Treasury plans a March 15 issue of twenty to thirty year 4 percent bonds and nine month 3 percent certificates. Subscriptions are expected to reach about 450 million with funds needed to cover 300 million in interest and bond maturities through March May. Bonds carry call in 1944 and mature in 1954, price at par via dated sale March 16.
Cincinnati reports steady beef prices and clear demand with top cattle at 6.50 to 6.75 and hogs rising to 14 dollars for desirable weights. Chicago Indianapolis and Kansas City show mixed results with steers mostly firm, hogs higher, and sheep market steady to strong, guided by regional demand and large receipts.
The Fourth and Central Trust Company reports cautious wholesale and retail trade in early year, while industrial production rises since November. Despite gains, overall business expansion is seen as limited, with conservative financial markets and rising European concerns impacting sentiment.
Daily foreign exchange quotations in cents list numerous European currencies with demand and cable figures. Notable entries include Sterling around 476 and 477, France 5.09 5.10, Germany around 28.80, Japan around 40.19, Shanghai dollars 44.63, and Argentina 39.40 spot.
Neapolis Minnesota dispatch lists flour prices at 6c higher and shipments at $10.45 to $10.56. Bran at $23.50 to $24. Wheat grades include No 1 Medbern $1.84 to $1.85, Ma $1.84, July $1.815. No 3 yellow $1.17 to $1.21. No 3 white 48 to 49 cents. Flax No 1 $3.16 to Kas, 15 ly.
Chicago grain trading saw a sharp 7 percent drop as wheat led losses after Liverpool quotations and a bleak US demand forecast. May and July wheat slid to about 1.92 and 1.68 dollars, with corn oats and provisions also easing, while cash quotes listed various grades and seeds for the day.
A cache of dividend announcements from New York firms includes Homestake Mining 50 cents monthly payable March 25. American Snuff 3 percent common and 1 percent preferred. Guaranty Trust 3 percent. United States Tobacco 75 cents common and 1 percent preferred. American Cigar 1 1/2 percent preferred. P Lorillard 75 cents common and 1 1/2 percent preferred. Lehigh Valley Railroad 1 1/2 percent common and 2 percent preferred. American Public Service 1.75 preferred. American Express 1.40. Ward Baking 1 percent preferred. Bankers' Trust 5 percent. H R Mallinson 1 1/2 percent. Dates subject to stock records March 12–20 and April 1 as noted.
Willis D. Gradison of Gibson & Gradison stock brokers in the Dixie Terminal Building was elected to membership in the Cincinnati Stock Exchange. He previously spent nine years with W.E. Hut ton & Co, the last years as cashier.
The United States Treasury is poised for a new billion dollar turnover on March 15, aiding current money rate firmness. Bankers note last year’s quick reaction to March tax and interest disbursements, yet careful planning kept quarterly operations from disrupting the money market.
NYSE total stock sales from election day to inauguration yesterday surpass 162 million shares, with 27 days of 2 million and 88 days of 1 million shares. Leading industrials gain 21.03 points to 123.76. rail averages rise 10.52 to 103.69. Public utilities exceed previous highs, over 1200 firms traded, value above a half billion dollars, serving nearly 4 million people.
New York financial district predicts United States Steel unfilled February orders will exceed January by 75 000 to 125 000 tons. The gain, while smaller than January’s 220 647 tons, is viewed as solid given February's shorter month and typical steel booking lull.
Stockholders approved the recapitalization plan despite court opposition from C. H. Venner. Vice Chancellor Bentley of New Jersey may vacate the injunction restraining the company from carrying out the plan. International Paper plans a March 24 meeting in Corinth New York to vote on increasing authorized common stock to 50 million, creating 50 million in 7 percent preferred stock, and a new 22.5 million thirty year sinking fund gold sixes.
Call money in New York eased to 4 percent with bids around 3 to 4 percent and last loans at 3?4. Time loans hold at 4?4 percent. Bar silver at 68 cents in New York and 38 2/16 pence per ounce in London with money around 8 percent. Discount rates show short bills at 4 1/2 percent and three month bills near 4 11/16 percent.
Chicago March 4. Butter prices advanced quarter to half a cent on most grades as the market remained firm. Supplies above 89 declined with good buying. Centralized car market steady with strong demand. Fresh butter 92 score quoted at 44 to 54 cents. centralized 90 score at 45 cents.
Samuel Ach president of the Cincinnati School Board Prof J B Davis principal of Walnut Hills High School and Dr F B Dyer former School Board president were invited to discuss the proposed new Walnut Hills Classical High School with the Chambers Education Committee The meeting is set for Monday at noon at the Chamber The talks follow criticisms of the $2 000 000 site on Victory Boulevard at Francis Lane north of Eden Park with some property already acquired and options on the rest.
A 1925 flapper poster with stockings and bobbed hair drew crowds in a university lunchroom. Sophomore class put it up to advertise a Friday dance. Dean of women Miss Josephine P. Simrall ordered removal, but students re posted a cheeky sign urging the hop.
A compiled schedule of radio programs across stations in Cincinnati Cleveland Philadelphia York Schenectady New York and Washington detailing dinner concerts organ and orchestra performances talks news and entertainment blocks from early evening through night with program times and brief descriptions. The item catalogs various frequencies meters and program types, reflecting a mid decade network listing.
A brief radio guide lists programs across stations WEAF WLW WGY WGBS and W4JZ. Highlights include Vitali Koretski the Russian tenor at 5 PM 6 hour block 491.5 meters and 8 PM Passion Play at WLW Cincinnati 422.3 meters.
A block of radio station call letters is presented, including KFAB KFDM KOB WEMC AZ WHA WND WOS WSUI CKAC CKRM PWX WAAM WAHG WCAE WDWF WHAZ WJAR WLIT WOO WOR WTAM KFOA KLX KOA.
KFKX Hastings presents a 6:30 P.M. program featuring vocal and instrumental solos on the 288.3 meter broadcast schedule.
Radio listings show KFNF in Shenandoah at 6 30 P M with a concert KSD S LOUIS at 8 P M recital by tenor and 9 P M piano program KTHS Hot Springs at 8 30 P M music and 9 P M orchestra concert WBAP Fort Worth at 7 30 P M concert program and 9 30 P M musical artists.
The schedule lists programs on WBCN Chicago starting at 6 P M with a juvenile rod police bulletins at 6 30 and then popular classes and late night music including an early morning concert after midnight.
A compiled schedule of evening radio programming across multiple stations including WCBD Zion Illinois WCCO Minneapolis St Paul WCST Atlanta WDAF Kansas City WEW St Louis WFAA Dallas WHAS Louisville WHB Kansas City WHO Des Moines detailing meters times and show types such as orchestras vocal programs and lectures.
WLS Chicago listing shows an organ recital at 6 30 P M followed by a drama at 7 P M and a Ravenswood M E choir performance at 7 20 P M.
At WMAQ Chicago the schedule lists 6 PM organ recital and orchestra 6 60 PM children’s period 8 PM garden talk 8 50 PM lecture and 9 15 PM Scotch program with 447 5 meters noted.
The listing shows a local broadcast agenda with a 6 P.M. story hour followed by a 6 20 P.M. announced slot and a 6 45 P.M. dinner program. The night closes with a 10 30 P.M. Nightingales segment.
Davenport Iowa radio listing shows at 6 30 P M Sandman's visit, 7 P M special program, and 11 P M program by Louis Connor s orchestra with songs.
WTAS Elgin Illinois offers schedule items with 6 P.M. dinner concert and 8 P.M. orchestra studio program. An 8 P.M. music event and 10:45 P.M. organ recital fill the night.
Evening listings show multiple segments across stations including Conoco and weather signals. Programs cover bedtime stories lectures and musical performances with specific times and meters listed for radio bands.
KFI Los Angeles evening program runs at 7 to 467 meters with a 8 45 PM start for a dit hrge radiatorial segment and 10 PM and 12 Midnight musical programs. KGO Oakland presents 8 30 PM vocal selections and 12 Midnight dance music in the late lineup.
Portland station KGW shows 10 P.M. and 12 Midnight orchestras. KNX Hollywood presents 9 P.M. features and music with midnight orchestra. KPO San Francisco lists 8:30 P.M. children's hour, 10 P.M. organ recital and 11 P.M. special program.
The Rev. Edward P. Foster of Walverly West Virginia, former Cincinnati pastor, described his Ro universal language system at a Lions Club luncheon. He said the scheme would simplify national trade and serve as a bond of friendship among nations by grouping words with a common stem and varying suffixes to differentiate meanings.
At Murray road and the Big Four Railroad in St Bernard a fire destroyed nearly 50000 feet of walnut lumber at the Anguera Lumber and Tie Company yard. Loss was estimated above 10000 dollars. Firemen under Chief Ease battled the flames for more than three hours after they were spotted about seven last night. The blaze began in a large lumber pile near the railroad. the company’s saw mill across the tracks was not damaged.
Real estate note states Mrs Ida Frietsch wife of Julius Frietsch agent for Alfred Vogeler Drug Company sold 1011 Dana Avenue Avondale to Mr and Mrs Arthur Hollenstein yesterday. Five room frame house with large garage for three automobiles on a 60 by 160 foot lot. Sale financed by Midwest Savings and Loan Company.
The 120 by 200 foot lot on Key Crescent Central Walnut Hills owned by the Jane Baker estate sold yesterday to Helen Fisk. John B. Hollister on the estate arranged the sale for $17,000 through the Frederick Schmidt Company.
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