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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Feb 25, 1922
Page
12
A market brief notes Leather's Loss and Republic Iron & Steel. Republic Iron & Steel reports a preferred dividend approval, signaling a shift in capitalization. Investors watch how the outcome affects share prices and sector sentiment amid broader market volatility.
New York and Boston trade yesterday showed heavy turnover with Studebaker and Gardner Motor among active issues. Republic Iron and Steel and Waldorf System reported notable movement while Copper and various rail, coal, and tobacco stocks fluctuated, with warnings on dividends and earnings across multiple companies.
The piece links Europe’s postwar currency tightening to higher rates, noting Bank of England reserves at six years high, and declines in paper money circulation. It discusses France Belgium Italy and neutral nations, plus U S steel and Republic Iron in market moves, and signals potential rates cuts as rediscounts fall and gold holdings rise.
The firm plans to meet regarding a possible dividend distribution at month end. A stock dividend for common stock is expected if favorable actions occur. The company had signaled intent for such a move when stock reclassification was completed last year.
The list shows diverse securities with prices and ex-dividend note. Widespread items include Am Sanf Rasor Am Ship & Com Indian Refining Inspiration Co Interboro Caddo Cen Oil and others. A broad snapshot of 1934 trading and dividend context.
The report lists money market rates for customers brokers and foreign exchange quotations. Rates show short term loan ranges around 4 to 6 percent with some 5 to 6 percent figures and overseas currencies quoted in cents per unit with Canadian dollar noted.
The ICC approves $3.38 million Richmond Terminal Railway first mortgage 30 year bonds with 5 percent guarantees to refund notes. Railroads Richmond Fredericksburg Poto mac and Atlantic guarantee obligations. Market notes discuss tax exempt bonds vs taxable, New York City and South Dakota bond issues, soldier’s bonus bonds, and a Dillon Read syndicate bid for Dutch gilted sinking fund bonds.
A dense entry lists bonds and last transactions across currencies and countries. Mentions include Japan, Cuba, Rio, Jamaica, and Cuba. with figures and dates from the 1930s and 1940s, indicating exchange rates and bond statuses amid a global financial page.
Yesterday's bond market closed with total sales around 15.689 million versus 17.662 million the prior day. Comparisons show support at 14.569 million last week and 16.040 million a year earlier, with year-to-date activity totaling 96.801 million since January and shifts across two-year-ago levels.
Local brief notes a La Ser project reaching 83k square feet with significant growth plans. Details on developers and timeline remain limited in the fragment.
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