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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Oct 29, 1925
Page
9
Cincinnati October 28 1925 bearish wheat market conditions from Liverpool and Argentine advices and lack of outside support ease market with declines for December and May deliveries Cold Canada weather slows marketing of wheat and receipts rise Cash wheat steady. milling grades in urgent demand.
The Cincinnati Chapter of the American Institute of Credit will hear Robert Schmidt speak on Arson A Menace to the Nation and discuss credit and insurance topics tonight at the new Alms Hotel, followed by a ballroom dance in the hotel. The event honors the chapter’s ball team after winning the silver trophy. Two new Cincinnati Stock Exchange members were elected yesterday Herman Cohle and Cliff H Reiter. Cohle bought Claude Ashbrook’s seat for 8500, a new high, and Reiter bought Joseph Feder’s seat for 8300, giving Bruner Reiter a second seat.
A syndicate led by Guaranty Company of New York and W E Hutton offers 4.5 million dollars in three year first mortgage gold notes at par and 6 percent yield. Proceeds fund lease termination, fare control, and working capital under a new twenty five year service at cost franchise with automatic fare adjustments and a 5 percent return for three years then 6 percent. The city may buy the entire property at year end for debt plus outstanding stock.
The First National Bank informed the Cincinnati Stock Exchange that it has been designated as transfer agent for Buckeye Incubator Company's common stock.
Directors declare a regular semiannual dividend of four percent and an extra two percent on bank stock. The payments are due November 2 for holders of record October 31.
The 65 cent dividend on Columbia Gas and Electric common stock will be paid November 15, with the stock going ex-dividend tomorrow on the local exchange. The preferred also goes ex-dividend tomorrow at 1 percent for payment on the same date. The New York Stock Exchange Board voted yesterday not to close on Saturday despite member requests for a double holiday to allow workers to catch up after two million share days. They expect to reopen after election day next Tuesday when the exchange will be closed.
Directors declare a 50 cent dividend per share payable January 2 to stock of record December 16. Last dividend was 2 percent on April 30, 1921. The firm sold Potter Gas Company and Dempsey Town Gas Company stock for 2,600,000 cash to retire similar 8 percent ads.
Credit balances 8.08, daily runs 44 141 barrels, average runs 49 378 barrels, shipments 127 488 barrels, average shipments 82 341 barrels.
Vivid ledger of stocks and bonds with numerous names from New York exchanges and major industries. It shows closing and price ranges for industrials, mining, oils, utilities, and foreign issues, plus bond bid and ask figures and a note on butter prices in Chicago.
The Davison Chemical Company origins trace to 1832 by the Davison family. It manufactures and sells sulphuric acid and related products from Curtis Bay Maryland with seven miles of connecting railroad. Through subsidiaries it controls phosphate lands in Florida and iron pyrites in Cuba and formed Silica Gel Corporation in 1921 to own patents. The firm reports improved income for the first half of the year totaling 142520 dollars, with earlier deficits and debts noted. Dividends were paid 1903 to 1916, none from 1916 to 1920, then 2 dollars per share on 235000 no par shares in 1920. no payments since.
Cattle market held steady with mixed receipts and bids. cattle supply 1,800 head locally with steers slow sales, beef cows inactive, cann ers discounted to $2.50–$2.75, calves $10–$13.50 for good stockers and feeders. Hogs prices slipped early then closed near Tuesday, volumes 4,930 with direct imports 817, sows $10, packers $8.50–$9.25, assorted weights $11.75–$11.90 for primals, and buyers active. sheep steady with good demand, lambs $14.75–$15.25, ewes $4–$7, bucks $3–$3.50.
The page catalogs daily programming for numerous stations including WLW Cincinnati WEAF New York WJZ Chicago and more. It lists times and acts such as orchestras soloists choirs interviews and talks across late afternoon to midnight hours.
Inter state Iron and Steel Corporation declares 1 percent preferred and 1 1/4 percent on accruals with 15.50 dividend payable December 1 to record November 20. Childs & Co provides 60 cents common and 1.75 preferred, payable December 10 to record November 28. Pennsylvania Railroad declares 1 4/5 percent payable November 30 to record November 2. Cleveland and Pittsburgh Railroad pays 8 3/4 cents on guaranteed stock and 50 cents on special guaranteed, payable December 1 to record November 10.
The New York cotton market rose on reports of freezing temperatures in the Southwest but faced increased offerings later. March futures touched 20.17 cents and closed at 19.74 cents, with the general market closing steady, varying from 12 points lower to 2 points higher.
Eastern stations present a schedule of concerts and programs. WEA lists a 6 PM Melody M segment and an 8 PM Orchestra, plus an 9 PM Organ recital. WTAM offers an 5 PM Orchestra. KDKA features a 6 15 PM dinner concert and a 5 30 PM children’s period with a University Pak Farm program and a 7 30 PM concert followed by a midnight show. WCAE schedules Uncle Kaybee at 6 30 PM. WCAU Philadelphia lists an 5 30 PM Orchestra and a 6 30 PM recital.
A list from Ohio Incorporations in Columbus details new business filings including Jeavons Company Cleveland $3000 by H J Schwartz W D Hercik Ralph Sanborn S S Katz and E Horvath Bilsky Modern Bakery and Creamery Company Cleveland 10000 by Julia Bilsky Joe Schusterman Joe Stein Sarah Schuster man and Morris L Miller Rh tene Inn Company Springfield 10 by J Elmo Nissely O F Mitchell Lewis L Miller L J Zeller and Pauline eazel National Auto Reuters Association Toledo 15000 by H H Pete P Henson W S Moffatt C W Beall and Charles S Lattin Brownell Loan Company Cleveland 500 by Albert Mendelson Sam Kaplan William G Sheppard F C Russell and A Arsene Bairas Art Amusement Company Cleveland 500 by Benjamin Z Levine L Selenick Frank Gross Paul Apple and Ernest Schwartz Brothers and Fultz Nursery Incorporated Salem 100000 by Joseph Delpha D Price and Mary Cope Esther and Frank W Fultz Priscilla Rug Cleaning Company Cleveland 10000 by William Agnew L L Colins H J Guguere George S Myers and J P Bathori Ohio Ladder Company Cleveland 5000 by Guy M Rolfe A W Bell W F Goertz Lex Kintner and Ralph Blue Capital Securities and Investment County Columbus 250000 by Katherine Ming Lowery F Gater John M Vorys and John M Rankin Blackmer Richards Motor Company Warren 500 by William E Pfau E Clair EB M Clair L Williams and K B Ebersbacher
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