Pre-Holiday Profit-Taking and Bear Market Action Noted
Cincinnati stock market shows strong leadership and high levels with American Laundry Machinery hitting 104, and American Rolling Mill, Cincinnati Street Railway, and others advancing amid heavy trading. May sets a monthly record for stock sales while banks face holiday related slowdowns and money tightness.
MENTIONED IN THIS ARTICLE
Cincinnati CC Commercial Tribune
New York Bond Market Reports Mixed Prices and Sales
On May 29 in New York bonds posted varied high and low prices with total sales of 14.04 million dollars. Rail and industrial groups mirrored shifts from the previous day while month and year averages showed gains and declines across the market.
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Associated Press
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Memorial Day Market Closures Across All Exchanges
Financial notes report all local stock and commodity exchanges banks and brokerages closed for Memorial Day. Outside markets and general business houses also shut down, reflecting a nationwide holiday closure.
MENTIONED IN THIS ARTICLE
Local Stock Exchange
Fifth Third Bank executives attend Ohioankers Convention in Columbus
President Charles A Hinsch and vice presidents E A Leiter Monte J Goble and J Edwards will attend the Ohioankers Association convention in Columbus from Wednesday through Friday. A large Cincinnati banking contingent will join them. Cincinnati Clearing House adopts new settlement rules effective June 1 with Return Item Exchange sessions for defective checks and zone based returns. Wall Street closes for Memorial Day. banks observe holiday. Sterns Brothers declares initial dividend of 1 a share payable July 1 to holders of record June 20. Guggenheim Ryan Syndicate declares 50 percent dividend on Congo Mines rights. Wilson & Co receivership to end in August with proof of claims due June 15. Fisher Body earnings forecast up to 8 million for last fiscal quarter and about 6.25 a share for full year.
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Cincinnati Stock Exchange
Cincinnati Street Railway
American Rolling Mill
American Laundry Machinery Common
American Rolling Mill Common
American Rolling Mill Preferred
Charngold
Eagle- Picher Common
Formica Insulation
Gibson Art Common
Gruen Watch
Parazon Refining
Procter & Gamble
Pure Oil
United States Printing and Lithograph
United States Shoe Common
Cincinnati and Suburban Telephone
Cincinnati Gas and Electric
C., N. & C. Common
Ohio Bell Telephone
Kroger
Wurlitzer
Citizens National Bank
Kemper-Thomas Common
Hatfield Reliance Common
Richardson Common
May
England
France
Mexico
Russia
Germany
Reichsmarks
Greece
Maxwell
Chrysler Motors
Pan- American Petroleum
Charles A. Hinsch
E. A. Leiter
Monte J. Goble
Vic
J. Edwards
Fifth-Third National Bank
Ohioankers’ Association
Columbus
Cincinnati
Cincinnati Clearing House Association
Wall Street
New York Stock Exchange
Sterns Brothers
New York Financial District
Chicago
Wilson & Co
Packers
Tidal Osage bonds redeemed. Lawyers Mortgage stock split approval sought
Tidal Osage Oil Company plans redemption on August 1 of 250,000 ten year 7 percent guaranteed sinking fund gold bonds with accrued interest and a 2 percent premium. Lawyers Mortgage Company asks stockholders to approve raising capital from 7.5 to 9 million through 1.5 million new shares at par, with holders of record August 15 eligible for one new share per five held.
MENTIONED IN THIS ARTICLE
Tidal Osage Oil Company
Lawyers’ Mortgage Company
American Gas Company of
New Jersey
United Gas Improvement Company
Scale of commercial failures rises nationwide this week
R G Dun reports 422 failures this week, up from 406 the prior week and 341 the year before. The increase is seen in most regions except the East where defaults fell.
MENTIONED IN THIS ARTICLE
R. G. Dun & Co
Railroads April earnings total 61 million down from March
Net operating income of seventy two railroads reporting April earnings aggregated 61,044,000 compared with 67,804,000 in March and 58,683,000 in April 1924. The year over year increase was 4 percent. The drop from March is attributed to March earning a larger share of the year’s total than April.
Cotton Market Stays Quiet Ahead of Memorial Day
New York traders kept prices steady as the market narrowed ahead of Memorial Day and the government crop report. The session saw Oct over 22.50 cents, closing near 22.47, with exports at 13,431 bales and U.S. stocks around 543,251 bales.
MENTIONED IN THIS ARTICLE
New York
United States
Chicago Stocks Show Mixed Uplift Across Ranged Utilities
Chicago May 29 Armour preferred 88 Fair 34 Midwest Utilities 93 Swift Co 110 Swift International 2544 Union Carbide 6914 United States Gypsum 168% traded through the day with varied prices reflecting market activity.
MENTIONED IN THIS ARTICLE
Chicago
Armour
Fair
Midwest Utilities
Swift & Co
Swift International
Union Carbide
United States Gypsum
Chicago Butter Market Holds Firm With Active Trade
Chicago butter prices firm with active trading across grades except 92 score. Fresh butter 92 score 42c. centralized 90 score 4244c. Lexington. Stockholders meet Isaac Joseph Iron Company June 23 1925 to discuss dissolution and authority surrender. Division notice Globe-Wernecke quarterly dividend 1.5 percent to be paid June 10 1925 to stockholders of record.
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Chicago
Cincinnati
Ohio
Isaac Joseph Iron Company
Reading Road
Ben J. I. Kaufmann
Globe-Wernicke Co
A. E Blaine
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