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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Mar 10, 1925
Page
9
Liverpool wheat gains buoy U S markets as May and July futures rise amid light receipts and stronger demand. Cash wheat and corn slip while hay holds but with oversupply. notable gains in futures offset by reduced activity as traders await farm reserve data.
This company offers specialized, accurate Cincinnati real estate information for investment purposes. It notes how transportation shifts from rivers to rail to cars shape business districts and property development, and invites investors to leverage their knowledge of local values and conditions.
Receipts and shipments over 48 hours show brisk cattle demand at Cincinnati with steady to higher prices for beef and butcher cattle. Hogs weaken late, while sheep and lambs hold firm. Chicago and Kansas City markets reflect mixed to steady trends with bulls and veal edging higher or steady.
New York March 9 World News Service lists European rates for sterling and major currencies with demand and cable quotes. It covers France Italy Belgium Switzerland Holland Germany Austria Sweden Norway Denmark Spain Portugal Hungary Czecho Slova kia Poland Finland Romania Yugoslavia Bulgaria and Far Eastern exchanges Japan Hongkong Shanghai Mexico Canada Havana Colombia Venezuela and others with spot and cable figures.
Dividends announced include Duluth Superior Traction Company two regular quarterly $1 dividends payable April 1 with March 16 records. Standard Gas and Electric 75 cents common, Northen States Power 1% preferred, Manhattan Shirt 1% preferred, Goodyear Tire Canada 13 percent arrears plus 134 percent quarterly, and others from St. Louis Rocky Mountain Pacific, General Railway Signal, American Pneumatic Service.
In New York on March 9 the cotton market opened strong with July at 26.38c, a new high, then eased to 26.10c as traders cited rain forecasts and Southern selling. July closed 26.15c, with May at 26.90c and Oct at 25.48c, while exports reached 58,105 bales and port stocks stood at 1,171,411 bales.
Credit balances stand at 3.72 with crude oil runs totaling 25 519 barrels, average 41 989 barrels. Shipments reach 45 758 barrels with average 68 646 barrels in the period.
Stocks ex dividend today on the Cincinnati Stock Exchange include Pure Oil 6 percent ref 1.50 and 8 percent preferred 2. Payment is scheduled for April. Radio Corporation of America stockholders receive notice of the annual meeting on Tuesday May 5 at 3 p.m. in Woolworth Building New York. Columbia Gas and Electric Company holds its annual meeting at headquarters Charleston W April 14 at 10 a.m. to elect directors and address business.
Stockholders of the Gibson Art Company will convene at the office on 233 West Fourth street Cincinnati on March 17 at 2 p.m. for the annual election of directors and any other business that may arise.
Cincinnati stockholders notified of the annual meeting of the Illinois Pipe Line Company at Findlay Ohio on Thursday April 28 at 10 a.m. for election of directors and to transact any lawful business.
Directors authorize sale of 5000 shares of 7 percent preferred stock at 100 dollars per share treasury. Subscriptions due March 20 with 10 percent payment, full by March 31. Issued April 1, first dividend July 15. Proceeds fund Chicago plant construction expected May operation.
The estate of Frank C. Millett sold a seat on the New York Cotton Exchange for 32500 to Samuel Newburger. The price shows a 1000 gain from the prior transaction.
The Butte and Superior Mining Company directors yesterday authorized a dividend of fifty cents on the ten dollar par value shares after omitting September 1923. Last year’s earnings reached 209000 dollars with 192000 dollars accumulated in the last quarter. If metal prices hold, further distributions are expected to stockholders.
The Stockholders' Protective Committee of the Middle States Oil Company extended to April 6 the time to deposit stock without payment beyond the existing contribution of five cents per share.
The Seagrave Corporation of Columbus Ohio said it will pay a 1 percent quarterly dividend on its preferred stock with a record date March 20 and a quarterly dividend of 80 cents a share on common stock or 2 percent on common stock with payment on April 20 to holders of record March 20.
Stockholders will consider raising Union Oil Company of California indebtedness from 45 million to 95 million dollars at a special meeting on April 2.
Stockholders will vote May 6 on splitting the common and preferred shares exchanging one old share for three new. The new common will be no par value and the preferred $331-3. The plan cancels 5,000 treasury preferred shares and increases the common stock to form a capital structure of 1,000,000 common and 75,000 preferred shares.
Pure Oil Company is understood to have acquired a controlling interest in the Wof ford Oil Company of Georgia, one of the three chief marketers in that territory, enabling Pure Oil to market its own products in that state. Wofford Oil has bulk plants and service stations in Atlanta, Macon, Rome and Columbus.
Local report shows March 9 bank clearings at 10 383 690 with prior day 11 623 003 and last Monday 12 029 834. Cincinnati Stock Exchange notes 2916 shares traded with many listed equities including American Rolling Mill and Paragon Refining. foreign exchange rates listed for several European currencies. Alleged forger Clarence A Wilson arrested in Hodgensville Kentucky. to be returned for arraignment.
Speculative unease over broker loans and reserve deficits fueled broad stock selling in a volatile session. Call money rose to 4% 4% and 65% with notable declines in standard industrials while high grade rails and select issues held up.
Paris March 9 The Attorney General said he would refuse to allow former Senator Charles Humbert to pursue defamation charges against former President Poincare. He ruled there is no ground for prosecution and the Assize Court is not the proper tribunal. Humbert claimed a book titled Each in His Turn implicated Poincare and Andre Maginot in plans to send him to a firing squad.
William F Dunn a 17 year old travel worn youth went to Albany to seek Governor Smiths pardon for a crime he had not yet been arrested for He confessed to killing a man last summer and was detained awaiting arraignment on felonious assault and attempted robbery charges in Queens County Jail Also implicated were John Mocoho Clifford Seeback and Bernard Honecker in a Ridgewood card game robbery Dunn shot Honecker but Honecker survived Seeback was convicted and sent to Sing Sing Dunn and Mocoho fled before.
Anthony Ebbing, 65, caretaker of the Catholic Cemetery in Miamisburg, Ohio, was killed instantly when struck by a Big Four passenger train on Maple Avenue while on his way to work. His body was thrown about thirty five feet. his widow and daughter survive him.
Edward F. Alexander, member of the City Charter Committee, will address the College Hill Boosters' Club annual meeting at Town Hall Auditorium tonight at 8. The program follows officer elections and covers how to make the new charter effective for better local government. The notice lists Blue and Red ticket candidates for president and directors.
Governor Miriam A. Ferguson signed a bill prohibiting wearing masks in public with severe penalties for those entering public buildings churches or private residences while masked. The law responds to masked band defiance and bans secret societies from parading in disguise on public roads or streets immediately.
In Berlin on March 9 the Communist and Fascist factions in the Reichstag opposed funding President Ebert’s burial. Moderates urged passage as they jeered the others, who accused him of betraying workers or the Hohenzollerns. Moderates left and returned only if the appropriation was approved.
Public utilities expert W D Ennis investigates discrepancies between the Roberts gas report and his prior findings but delays persist as the Chamber of Commerce and Ennis lack access to a copy. Council holds one copy. Mayor Carrel and City Solicitor Bowman each possess copies, with printing costs delaying release. Mayor Carrel says he is using his copy.
Two factions in dispute over the National Enameling and Stamping Company reach a settlement. George W Niedringhaus resigns the presidency to become chairman of the board, while Alfred J Kiekhofer of the Milwaukee plant becomes president and will direct operations. Stockholders who opposed the management may name six new directors.
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