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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Oct 17, 1925
Page
10
Cincinnati reports bullish wheat sentiment from Australia as drought hampers local harvest and receipts stay light. December and May contracts close higher while cash grain gains for top grades reflect steady milling demand and scarce supplies.
Stockholders will vote November 4 on raising authorized capital from 235 million to 375 million dollars to fund a stock dividend and growth. The plan includes acquiring Magnolia Petroleum and expanding refining capacity, with Magnolia shares to be acquired at four for one, expanding Standard of New York’s issued capital from 9.4 to 15 million shares and later a 25 percent stock dividend to about 14.54 million shares.
New York World News Service reports today’s foreign exchange table with European rates including Sterling around 4.83 dollars and 4.84 on cables, France near 4.47, Italy about 4.02, Germany about 23.80, Sweden 26.76, Spain 14.86, Japan at 41.00, and Canada 100.12. Additional values appear for Greece, Portugal, Hungary, Poland, and other markets with spot and cable quotes.
R G Dun and Co reports trade conditions improving with active distribution of seasonal goods and rising demand for textiles, steel products, and brass items. Radio and allied industries show full employment as orders expand and prices stay steady with slight firming.
The New York curb market reports total stock sales of 567,700 shares and bonds worth 1,183,000 dollars. Official lists show broad activity across many firms including PennP&L and Procter & Gamble with varied percentages and prices.
Minneapolis flour markets show Bran at 22.50 per barrel with 60,285 barrels noted. Northern No 149 hal shows 495 percent and May at 43. Corn No 3 yellow trades at 79 to 79 and 4c. Oats No 8 white at 85 to 44. Flax No 1 at 2.57 to 2.61.
Philip Carey Company announces board authorization to issue up to 1 000 000 par value common stock. Offered to shareholders of record November 15 at 20 percent of holdings or one share per five held. Non interest bearing scrip for fractional rights exchangeable for full shares after December 15 when payment is due. remaining shares may be sold at board discretion.
Board resumes dividend after suspension since 1921. Dividend 1.25 per share payable January 1 to holders of record December 20. Common stock at 100 par, outstanding 2,623,700, yielding about 5 percent annually based on market activity.
Directors of Borden Company plan retirement of the 7.5 million dollar preferred stock at 110 with accrued dividends on December 15. After retirement only common stock remains outstanding. Proceeds from a new common stock offering by National Department Stores will fund store expansion and reduce bank loans.
The New York Central Railroad awards American Locomotive Company its largest order in months for 100 184 ton Mohawk locomotives. American Locomotive also delivers four 132 ton Mountain engines to Tennessee Central and twelve Mikados to Chilean State Railway. Additional orders include Cerro de Pasco Consolidations and Chesapeake and Ohio Pacifics totaling about 7 million dollars. Brooklyn Edison seeks 15 million dollars in new stock to reimburse treasury for capital expenditures from 1924 to 1925, raising outstanding stock to 75 million. Shareholders could subscribe at one for four.
The Jewel Tea Company operates wagons and autos delivering tea coffee baking powder soap and related goods from Chicago and Hoboken plants to branches across major U.S. centers. It reports profits on preferred stock and recent changes to common stock with limited dividends and substantial back accumulations.
Cincinnati cattle prices slid as receipts rose with weaker bids on beef cows and medium grades. Hogs showed a two way market with steady to lower packer classes, while lambs and sheep faced weak demand and low top prices amid large arrivals. Regional reports from Kansas City Indianapolis and Chicago noted varied price shifts across steers hogs and lambs.
The notice warns that today is the final registration day to vote in the November election. Registration sites are open from 8 a.m. to 2 p.m and again from 4 p.m. to an unspecified closing time.
Sixteen candidates seek Newport City Commissioner seats with eight to be nominated at today’s primary. Five vie for Police Judge nominations. list includes Theodore Bertelsman Louis Reuscher Alfred G. Maybury Louis Arnold Matt Moore.
Dr J A Winkler city veterinarian notified Chief Bregel that a dog killed by Policeman Holland on October 14 had rabies. The animal was found at 215 East Front Street after it bit two dogs. Police and sheriff orders require muzzling or penning dogs and rural owners to take similar precautions.
Campbell County Clerk William Milius declares candidates for county and city offices have one day only to file post primary and pre election expense accounts on Monday October 19. Unsuccessful primary hopefuls get thirty days to file. Reports must be duplicated with copies to Sheriff Louis B. Tieman and the County Clerk’s office.
Campbell Circuit Court heard actions by Cincinnati Oil Works to recover 612.90 from John H. Bong for two pumps and two tanks overdue under an agreement. Jacob Diegmueller sues Harry Lamping Pete Geisser and Joseph Carl for 130 for two months rent on 311 Lickingpike Newport property.
Real estate transfers listed include Kate Buelte to William Snider for 7000 stamps, M Derrick to Albert Walden for 7000 stamps, Nicholas Scheid to Anna Kendle in Dayton for 4500 stamps, and William Snider to Henry Buelte in Bellevue for an unspecified amount. The entry notes a lot transfer.
Ben Mendenhall of Karon Pennsylvania and Alethea Durst of Warren Ohio obtain marriage licenses. William Brennen and Vera Tife of Lima Ohio also listed for marriage license records.
Effie Ireland of 247 Pershing avenue sues Hendrix Ireland for divorce custody alimony and a restraining order to stop him withdrawing bank deposits or disposing of goods. Judge Applegate grants the restraining order. H A Whitney sues The Sun Insurance Office over a $25 000 policy on the Kentucky Jockey Club Latonia track seeking a restraining order against policy cancellation. Mrs Amelia F Scott sues Frank W Scott for absolute divorce alleging cruelty. couple wed March 4 1923 in Covington and lived apart since Thursday.
New York October reports show gains across most business lines with the steel industry cited for progress and rising output. Zinc prices reach yearly highs as New England shoe factories book more contracts and retail dry goods demand improves. Weekly bank clearings total 8,102,13,000.
New York World News Service reports railroads already saved 23 million dollars in fuel during the first seven months of this year. The savings come as railways seek further economies after the coal strike, per the Interstate Commerce Commission bureau of statistics.
Philip Klein a 51 year old Covington cat dealer was found hanging from a rope on the third floor of his butcher shop at 104 Pike street. Coroner ruled death by own action while mentally deranged. He left home for the store at 6:30 yesterday. his son Homer 19 found the body. Klein was active in local Masonic and civic groups and leaves wife and three children. Funeral plans not yet set. He was born in Newark New Jersey and moved to Covington as a boy.
The Union Central Life Insurance Company of Cincinnati sets aside 250000 to promote home development in Northern Kentucky. E H Daugherty president of Ludlow Savings Bank will act as loan agent, offering loans from 300 to 10000 on new homes in Kenton and Campbell counties at 6 percent plus 2 percent annually.
Campaign ends as 58 candidates vie for five city offices in a nonpartisan ballot. Polls open at 6 am and close at 4 pm, with nominations for Police Judge and City Commissioners determined for the November election. Names listed include Joseph W. Dothengall and A L Inskeep for Police Judge and Thomas F. Bailey and Edmund Buckner for the platei senends.
Wesley J. Hogle filed a voluntary bankruptcy petition in Covington listing assets of 475 dollars and liabilities of 1010 dollars. Daisy Ford was held to a 200 dollar bond on whisky and beer charges. The Anti-Tuberculosis League of Kenton County plans Christmas seal fund raising. Local candidate Everett Sorrell is ill at home in Latonia. City officials were asked to repair the Highland pike to ease traffic after Dixie Highway reconstruction closures. Police officer John Bergman was injured by a car driven by a former officer. Fire damaged a playhouse at Harvey Myers residence with an estimated 400 dollar loss. Napoleon Vanlandingham was robbed near his Second and Spring streets shop of a gold watch, tie pin, and six dollars.
A fragmented list shows individuals tied to Connersville Indiana Verona Kentucky and Columbus Ohio including Clarence Coleman Maud Williams Stafford Davis Marella George W Sarter L M Collins Alphonso Denham Birdie Wall Lizzie Suttons H T Baker and others. The brief entry preserves several names with towns but no events or actions described.
Palo Alto Westerfield filed in Kenton Circuit Court seeking to enjoin Joseph and Mrs Lulu Worpenheim and George B and Mrs Mildred Morgan from parking in front of Westerfield's East Park Drive Latonia home. A restraining order was issued by Judge Applegate, with a hearing set for Monday afternoon.
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