Mexican Petroleum Surges as Shorts Are Squeezed
New York markets show Mexican Petroleum advancing to 186 over the session amid heavy volume and short covering. Other active issues include Pan American, Royal Dutch, California Petroleum, and rail stocks, with call loans rising to 3 percent as the money market steadies after a Fed rediscount rate move.
MENTIONED IN THIS ARTICLE
Pan American A and B
California
Petroleum
Royal Dutch
Houston
General Asphalt
Banks Learn of Rediscount Rate Cut in District
Bankers in this city were notified by Benjamin Strong that rediscount rates in the Second Federal Reserve District have been cut from 4 1/2 to 4 percent. Notices issued say the new rate, effective June 2, 1922, applies to all rediscounts and advances, with savings to member banks about 11 percent in interest charges for funds borrowed from the New York Fed. The move reflects easier money market conditions and aims to boost loans from New York and support local business financing.
MENTIONED IN THIS ARTICLE
Benjamin Strong
Federal Reserve District
First National Bank
City, National
Bank God Bridgeport Trust Co
Big City
Pederer Reevette Bank of
New York
New York Reserve Bank
Nem
Curb Market News Reflects Mixed Movements and Dividend Sparks
The curb market on June 22 saw a generally steady trend with moderate orders on both sides. Cities Service posted sharp gains after a cash dividend resumed, followed by profit taking. Columbia Petroleum and Mexican Seaboard Oil showed strength, while Tobacco Products issues led the misc group on buybacks, and mining shares gained activity amid lower discount rate signals.
MENTIONED IN THIS ARTICLE
New Fork
Commission House
Preferred
Bankers
Hue
Columbia Petroleum
Omar O
Dubilier Radio R
Radio Common
Phillip Morris
United
Dssves
Church Mortgage for Parochial School and Convent
The Church of the Blogsted Sacrament mortgaged three parcels on Caledon Avenue for 130000 to Mechanics and Farmers Savings Bank to fund a new parochial school and convent. The deed was filed in the Town Clerk's office yesterday.
MENTIONED IN THIS ARTICLE
Calon Avenue
Mechanics and Farmers Savings Baok
Local Produce Prices and Market Report 1922
The Bridgeport Telegram reports improved local market activity after good weather. Northern and Southern vegetables show mixed pricing with declines in cantaloupes and tomatoes while lettuce and strawberries hold near peak values. Prices for eggs, dairy, meats, and hay are listed, with regional variations across crates, bushels, and pounds.
MENTIONED IN THIS ARTICLE
Bridgeport
State Board’ of
Virginia
Maine
Mississippi
Kennery
Wheat and corn rise on hot weather forecasts in Chicago
Grain market in Chicago closed firm as heat forecasts spark demand for wheat and corn. Wheat prices gained 1 to 2 1/2 cents with nearby and deferred contracts advancing, while oats rose modestly. Provisions held steady amid light offerings and market optimism about reduced moisture and potential crop stress.
MENTIONED IN THIS ARTICLE
Chicago
Mora
Lass
Italy
Cern
Tnverso
Ite
Call money rates and loans from New York market
Money New York reports call money for farmers with a high of 3.5 and low of 2.75, ruling at 2.875, closing bid 3.25 and offered at 3.25. It notes call loans against acceptances at 2.0 to 2.5 percent.
MENTIONED IN THIS ARTICLE
Money New York
Money Farmer
New York Reserve Bank Statement of June 21
New York June 22 a statement shows total gold reserves 1 154 628 2 87. total reserves 1 154 272 8. disounting secured by government war obligations for members 8 387 3805 and others 45 SBR 4 RATS. Open market bills bought 503 318 322 67. Totals on hand 57 131 169. earnings assets 229 382 919. restricted items 124 608 284. due to members reserve account 718 106 221 52. total deposits 729 025 772 77. Federal Reserve notes in actual circulation 27 10 153 60. reserve ratio 37 9 percent.
MENTIONED IN THIS ARTICLE
New York
Fedral Reserve Bank of New York
Billa
Ares
Federal Reserve
Soaring labor demand shifts from unemployment to worker shortage
Reports to the Labor Department indicate a nationwide shift from job scarcity to a shortage of workers with high wages rising. Building trades, auto plants, and farm labor show strong demand as unemployment falls, with wage gains possible toward wartime levels and skilled laborers increasingly scarce in several regions.
MENTIONED IN THIS ARTICLE
Ralpe PF. Couch
Sciences Service
Washington
Department of Laver
Labor Department
Kentucky
New Mexico
New England
Ohio
Michigan
Illinois
Chicago
Thiana
Tinois
Wheat Belt
Farmers Dairy Company Seized by Mitchell Interests
Large Mitchell Co stockholders completed purchase of enough Farmers Dairy shares to gain control while pledging the Farmers Dairy will remain a separate entity. New officers include Elnathan Mitchell as president and George McKay as vice president, with reorganized capital of 225 000 dollars and 6 000 common shares plus 730 preferred shares.
MENTIONED IN THIS ARTICLE
Mitchell Dairy Company
Farmers Dairy Company
Abner W. Mitchell
Mitchell Company
Farmera Dairy Company
Mitchell Dairy
Farmers” Company
Operatoni Ag
Mary
Mitchell Xa
Farmere Company
Directl
Elnathan Mitchell
Washington
Farmers Dairy
George A. McKay
Danbury
McKay
BS. F. von Werteborg
H. &. Stevenson
Harry Goldstein
Abner Whitchell
Edmund S. Wolfe
Mitchell
Mitcheil Group
Veabiee Wureep Meng Company
Edmund S. Wolke
Tl 1 Bank
E. F. von Weltberg
Marsh, Stodaard and Day
Ite
Olctr Sompany
Macknolders
Mitchell Group
Foreign exchange steadies with mixed European demand
New York June 24 reports cables stressing European political conditions while currency trades show mixed reactions. Sterling bids at 4 2 off, French Italian Belgian bills fall four to points, German marks rise as neutral centers soften, and Swiss Spanish Greek rates slip with multiple currencies listed including Amsterdam and Copenhagen quotes.
MENTIONED IN THIS ARTICLE
New York
Paris
Antwerp
Geneon
Rey Asl
Vienna
Crawiit
Stonkholm
Christianister
Copenhagen
Switzerland
Spain
Pesela
Berlin
ACM
Mwnamepeinn i
Bond Market Rises On Low Call Money Rates
New York bonds show higher prices as low call money rates stimulate buying. Liberty issues reach new highs with first and second 4 1/2s advancing, several foreign loans up modestly while British issues lag on sterling drops. Various corporate bonds gain 2 to 2 1/4 points, total turnover around $13.345 million with few new underwritings oversubscribed.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Bank
Sterling Exchange
Chesapeake and Ohin
Ateluspa
Northern Pacific
T. Loula
San Francisco
Southern Pacific
Sea Board Consolidated
Western Maryland
Missouri, Kansas & Taxa
Baltimore
Consoli
Third Avenue
Copper and metals market brief from New York
New York metal market report shows copper easing with spot near 139-4 and futures around 287-8, iron prices steady, lead steady at 5.75 to 5.37, zinc quiet, with scattered activity in St Louis. The summary captures the day’s pricing shifts and general market tone.
MENTIONED IN THIS ARTICLE
New York
St, Louis
Great Money Lender Promises Help and Confidential Loans
A Bridgeport ad offers loans up to 200 dollars to honest workers on notes or furniture, with eight to fifteen monthly installments and extensions. It claims legal rates, no up front charges, free consultation, and confidentiality, with hours 9 to 5 on weekdays and Saturdays, Beneficial Loan Society at Liberty Building Second floor, Bridgeport Connecticut, licensed by the State Bank Commissioner.
MENTIONED IN THIS ARTICLE
Mein St
Bridgeport
Conn
State Bank
Mexican Petroleum Stock Boom Sparks NYSE Probe
The New York Stock Exchange committee on business conduct opened an inquiry into moves in Mexican Petroleum shares amid rumors of a market boom. Mexican Petroleum surged to a yearly high, then fluctuated, with a net gain as trading volume topped last week’s totals and float remained strong for cashing in profits.
MENTIONED IN THIS ARTICLE
New York
Aorta
Mexican Petroleum
New York Stock Exchange
Dow, Jones Financial Ticket
Cotton market steady with firmer prices across goods
Cotton moods remained moderately active with firmer prices for bleached and gray cloths. Fine combed yarns and raw silk showed strength, surlaps and wool goods stayed firm at high levels. In New York on June 22, spot cotton quiet with middling at 22.30.
MENTIONED IN THIS ARTICLE
New York
Also Mentioned on This Page
THE
Bridgeport Telegram
Baltimore and Ohio
New York Central
Chesapeake and Ohio
New Haven
New Orleans
Texas
Mexico
Chandler
Studebaker
Church
Ajax
AL G& D
Ebaimannes
Joan
GRY Sa
Petra
Ehly
Lea
RI & P
Chile
G & EL
Gondrich A
Greay Nor
Sim
Kan & Gu
Kelly, Sar
Rey T & FR
BOO Lanka Steel
Lee RE
Lehigh
Lima Lo
Tima
Loews Inc Oo Loft Inc
Midvale
Rey Or
Sort & Nore & We
North Am
Uae
Otis
Pacife
L& F
Faxon
Sears
South Arty Bay
Studebnaer
Union
United Fruit AG
Taiteg
Ind
Alco
al Pf
West
Hanes
Wilson dC
Willys Ov
Pepe’ Day
Sy Day
EDSY
Fealee
KF Cock
Tivo States
GY Science Service
Wash
D. C
Farmers Dairy Co
Mitchell Co
Sungea
Wwe
Uplands
Metal Market
Cal
Telephone Barnum
Equitable Industrial Loan Society, Inc
Fairfield Ave
Stock Exchange
Rat
Known
Financial ON
Bridgeport Products
Anc
Hincks Bros. & CO
Bridgeport, Conn
State
Joe
City Hall
Floral Park
Stratford
Bridgeport Land & Title Co
Main Street
Barnum
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