New York Stock Market Hits Year Highs Amid Irregular Movements
The New York Stock Exchange saw uneven trading as Mexican Petroleum and Studebaker posted year high moves. Pan American, California Petroleum and Houston Oil followed, while higher margins and liquidity concerns influenced prices. Call money steadied near 2% with treasury payments in view.
MENTIONED IN THIS ARTICLE
New York
Stock Exchange
Mexican Petroleum
Studebaker
Asphalt
Pan- American Petroleum
California Petroleum
Houston Oil
Treasury
London
Paris
Market Quotes Show Cautious Turn for Local Stocks
N and C common shifted at 76 percent while bids slipped to 76. Cincinnati Street Railway traded at 39 with bids rising to 385 percent. Ohio Traction common rose to 10 with demand at 9. Toledo Bowling Green and Southern Traction issues emerged with the common at 1 and the preferred at 9. 428 shares sold on the local market.
MENTIONED IN THIS ARTICLE
Preferred
Globe-Wernicke Common
Gruen Watch
Common
Kroger Grocery and Baking
Paragon Refining Common
Philip Carey
N. & C. Common
Cincinnati Street Railway
Ohio Traction Common
Toledo, Bowling Green & Southern Traction
Procter & Gamble Declares Mixed Dividend and Fed Rate Cut
Procter & Gamble announces a 5 percent cash dividend and 4 percent stock dividend on common stock payable August 15 to holders of record July 15, with the first new stock dividend starting November 15. The regular 2 percent quarterly dividend on 8 percent preferred stock will be paid July 15 to holders of record June 24. The Federal Reserve Bank of New York lowers its rediscount rate from 4.5 to 4 percent, with other banks expected to follow. W. E. Hutton & Co. buy up C N C 5s to July 1 issuance, offering interim certificates for new 6 percent bonds. Interest on the 5s ceases July 1. new issue begins then. Interim certificates will be broken for the new issue soon after July 1.
MENTIONED IN THIS ARTICLE
Procter & Gamble Company
Federal Reserve Bank of New York
Federal Reserve
New York
W. E. Hutton & Co
Santa Catharina issues bonds to American bankers
The state of Santa Catharina Brazil sold 5 million of twenty five year 8 percent external sinking fund gold bonds listed on the New York Stock Exchange to a syndicate of American bankers including Halsey Stuart Co Chicago and New York Second Ward Securities Milwaukee and Chicago Cassatt Co Philadelphia. The bonds were offered to the public yesterday at 101 with interest yielding over 7.9 percent. Unconditionally direct obligations of the state and secured by certain taxes they compare favorably with other South American issues.
MENTIONED IN THIS ARTICLE
Santa Catharina
Brazil
New York Stock Exchange
Halsey, Stuart & Co
Chicago
New York
Second Ward Securities Company
Ilwaukee
Cassatt &Co
Philadelphia
State of
Hord Promoted to Manager of Bond Department Sales
Wirt D. Hord, longtime salesman in the Fifth Third National Bank bond department, was yesterday promoted to Manager of Sales in that department. The bond unit has grown to require a larger, more formal structure to handle increasing volume.
MENTIONED IN THIS ARTICLE
Wirt D. Hord
Fifth- Third National Bank
Dividend announcements and bond department leadership overview
The report outlines the bond department headed by Vice President J. R. Edwards and lists dividend declarations from multiple firms. Albert Pick & Co 1% July 1 to holders June 22 American Multigraph 1% preferred July 1 to holders June 2 Canadian Cottons 2% common and 1% preferred July 1 to holders June 23 Cedar Rapids Power 0.5% Aug 15 to holders July 31 Columbia Petroleum 1% monthly July 1 to holders June 0 Federal Motor Truck 2% June 30 to holders June 24 Montreal Light Heat and Power 2% quarterly Aug 15 to holders July 31 Pacific Gas and Electric $1.25 common quarterly July 15 to holders June 30 Westinghouse Electric 1% preferred and 1% common July 1 and July 31 to holders June Be cautious: some values appear incomplete or trimmed.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
United States
Liberty
Liberty 2d
Liberty 3d
S . Teee
Victory
Government Ry
City of
Bergen
Cis
Erste Can
City of Bordeaux
Christiania
Zurich
Department of Seiie
P.c
Dutch East Indies
French Republic
Kingdom of Belgium
Kingdom of Denmark
Kingdom of Italy
Kingdom of Netherland
Kingdom of Norway
Paris-Lyons-Mediter
Republic of Chile &S
State of Queensland
U K
U. K
Uw S
Brazil
U S. of Mexico
S. of
Com
W.i
Czecho-Slovak &S. Ctfs
Ajax Rubber &S Tte
American Tel. & Tel. Co
American Tel. & Tel. Col. Tr
Armour & Co
Canadian Pacific
Central of Georgia
Central Leather
Central New England
Central Pacific
Gtd
Cerre de Pasco
Chesapeake & Ohio cv
Chic
Chesapeake & Ohio
S. Burl & Quin
Chicago & East
Ill
Chicago Great Western
Mil & St. P
Chicago & Northwestern
Chicago Railways
Chicago & West
Chile
Colorado & Southern
Columbia Gas,& Electric
Coal of Maryland
Consolidated Gas
Cuba
R. R
Delawar & Hudson Co
Denver & Rio Grande Imp
Detroit Edsor
Fisk Rubber
Ramerican Ind
General Electric
Goodyear Tire
Grand Trunk Ry
Interboro
Interboro Rap Tran
Inter. Merc. Mar. S
International Paper
Invincible Oil
Iowa Central
Ft. S. & Mem
Kansas City Southern
Kelly-Springfield Tire
Lackawanna Steel
Lehigh Valley
Liggett & Myers
Louisville & Nash
Market Street Railway Con
Marland Oil
Michigan Central
Michigan State Tel
Midvale Steel Co
Minneapolis & St. Louis
Minn
M. K. & T. New Pr. Len
Missouri Pacific
Montana Power
An Asem
O., Tex. & Mex. Inc
Ie York Central Col
New York Central
New York Edison
New York Rys
New York Tel
N. Y
Westchester & Bos
Norfolk & Western Co
Norfolk & Western Con
Northern Pacific Pr
Northern Pacific Gen
Northern Pac
Gt. Ndr. Jt
Northern States
Northwestern Bell Tel
Oregon & California
Ist
Oregon R. & Nav
Oregon-Wash
Otis Steel
Pacific Gas & Electric
Pacific Tel. & Tel
Packard Motor Car
Pan. American Pet. & Trans
Pennsylvania
R. R. Gen
St P. & K Cc Sh. Line
Seaboard Air Line Con
Seaboard Air Line Adj
Steee
Seaboard Air Line
Sharon Steel Hoop
Sinclair Oil Co Ties Eee
Sinclair Oil Col Tae Ae Oes
Pia
Southern Bell Tel
Southern Pacific Co
Southern Pacific
Southern Pacific Col. Tr
Southern Railway
South Porto Rico
Oil of Cal
Texas & Pacific 1St
Third Avenue
Union Pacific
Union Pacific Co
United Ry. Inv
Pitts
Ee Ee
Wabash Ist
Western Maryland
Western Pacific
Westinghouse Electric
Wheeling & Lake Erie
Wickwire-Spencer Steel
Wilson & Co. S. F
Wilson & Co. Cy
Albert Pick & Co
Chicago
American Multigraph Company
Canadian Cottons Company
Cedar Rapids Power Company
Columbia Petroleum Company
Federal Motor Truck Company
Montreal Light, Heat and Power Company
Pacific Gas and Electric Company
Westinghouse Electric and Manufacturing Company
Butter and eggs market summaries from New York and Cleveland
Butter firmer in New York with higher creamery prices and strong receipts. creamery extras quoted at 86 to 94 cents, firsts around 32 to 35 cents. Eggs unsettled with 52,068 cases. state milk flats and twins show slight gains. Cleveland reports butter in tubes 42 cents, prints 43 cents, extra firsts around 41 to 42 cents, firsts 40 cents, seconds 33 cents. Ohio firsts in eggs two cents. new potatoes noted.
MENTIONED IN THIS ARTICLE
New York
Cleveland
Ohio
Local Securities Notice Highlights Dividend Change
A local securities notice from B. G. & S. Co. outlines dividend adjustments and related financial terms. The document references "De Ora" and abbreviations such as Dx and 33%4, indicating changes to payout or share structure.
MENTIONED IN THIS ARTICLE
Socieor
S. Com
Eos de Ora
Ieee Sl
Reserve Bank Lowers Discount Rate to Four Percent
New York June 21. The Federal Reserve Bank reduced its discount rate from four and one half percent to four percent, the lowest since December 1917. The move drew little surprise from financial circles as traders noted the easing tone.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Bank
Cotton Market Slips After Opening Decline Amid Weather Hopes
New York June 21 The cotton market recovered briefly from an opening decline due to trade buying and bullish spot advice but fell again with late liquidation. October dropped to 22.40¢ and the close was 22.42¢. July touched 28.1¢, December 22.65¢ with a net 28 to 38 point loss. Exports 16,012 bales. season total 5,363,817 bales. Port receipts 14,271 bales. US port stocks 710,668 bales.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Weather Bureau
United States
Business entity filings list distinct Cleveland Canton Cincinnati
Elliott Guest Company of Cleveland and Weiss Realty Company of Cleveland each filed for $10 000. Jones Finney Motor Company of Canton reported $20 050. Fair Machinery Company of Cincinnati listed $30 00. Service Sign Company of Maeyton reported $20 000. Names include H N McLaughlin Samuel K Elliott Joe Weiss A J Schonfarber E L Jones C L Finney Marion G Overend Burton F Selance Oliver W Kearns G W Nicholas.
MENTIONED IN THIS ARTICLE
Columbus
Elliott Guest Company
Cleveland
H. N. McLaughlin
Samuel K. Elliott
Weiss Realty Company
Joe Weiss
A. J. Schonfarber
Jones-Finney Motor Company
Canton
E. L. Jones
C. L. Finney
Fair Machinery Company
Cincinnati
Marion G. Overend
Burton F. Selance
Service Sign Company
Maeyt
Cotton goods firm with gains across textiles in New York markets
New York traders reported firm cotton goods with an upward tilt. Print cloths advanced one cent and denims half a cent. Yarns firmer on small-volume trading. Silk goods showed improvement and stock goods in wool and worsted demand. Burlaps also firmer.
MENTIONED IN THIS ARTICLE
New York
Bank Report On Clearing. Cincinnati June 21
Bank clearings for the day totaled 10 654 884 with ample money and strong demand. Call and time loans to brokers 5 to 6 percent. commercial loans 6 4 to 6 percent. industrial loans 5 to 6 percent. Stock Exchange transactions showed 428 shares traded. notable names include Procter & Gamble, Pure Oil, Gruen Watch Co, Kroger, American Rolling Mill and Cincinnati Gas & Electric. Foreign currency rates and U S Government bonds also listed.
MENTIONED IN THIS ARTICLE
New York Exchange
Mexican Petroleum
Studebaker
Pan-American
Baldwin Locomotive
Exchange
New York
Standard Oil
Standard Oils
Indiana
Ohio
Cub
Treasury
Cincinnati Gas and Electric
Fleischmann
Procter & Gamble
New York Stock Exchange
Cincinnati
Mexico
Havana
Venezuela
England
Preferred
Central
Champion Coated
Charngold
Cincinnati Rubber Preferred
Coopererre
Dow Drug Common
G.& Elst
Col. G
Columbus
Dalton
Fay & Egan
Wee & Eeee
Eee
Keith’ Fleischmann
Dayton Theater
Ohio State Tel.com
Procter & Gamblers
Union L. H. & P. Ta
American Latia
Mach. Com
American Rolling Mill
Black Clawson
Casey Hedges
W. H
Charles Boldt
Union Stockyards
Tobacco Warehouse
Cooper A
Corcoran-Victor
Dixie Terminal Co Ag Dow Drug
Fenton United
Ee Fleischmann
Foulds
Seinkas Ee
Bros.-Bauer
Gibson Art
Globe
Globe-Wernicke
Enews Gruen Watch
Richardson
Wurlitzer
Sorg
Ur S
Ev. S
S. Ptg. & Lich
Atlas National Bank
Central Trust Pere Esa Aeewereenee
First National Pank
Cincinnati Stock Exchange
Charngold Corporation
Gruen Watch Co
Gruen Watch
Kroger New
Cincinnati Gas & Electric
Marae’, i Me
Osco Cektardic Acecnes
Cincinnati Street Ies
Ohio Traction
Csroga
Pop-Gomre
London
Paris
Belgium
Czecho-Slovakia
Denmark
Greece
Holland
Hungary
India
Bombay
Spain
Germany
Chile
Veesa
Brazil
China
Hongkong
United States
Liberty Liberty
Liberty Liberty Liberty Liberty Liberty Victory Victory
Philippine Islands
N. Y
Procter and Gamble Declares Dividend and Stock Split
The Procter and Gamble Company of Cincinnati announces a five percent cash dividend and a four percent stock dividend in new common shares for holders of record July 15 1922. Certificates and scrip will be mailed with August 1922 checks. transfer books close July 15 to August 16 1922.
MENTIONED IN THIS ARTICLE
Procter & Gamble Company
Cincinnati
Ohio
Procter& Gamble Company
Gwynne
R. F. Rogan
Also Mentioned on This Page
Brook
Rapid
Chicago Great West
Chicago & N. W
Enewss Soul OE
Delaware & Hudson
Delaware
Lacka
Ieee
Great North
Illinois Central
Interborough-Met
Kansas City South
Drag Fone Catenses
St. Louis
St. P
Missouri, Kan
Tex
A Son
N. Rys
Mex. 2d Pr
Norfolk & West
Northern Pacific
Pere Marquette
BOE
Pittsburgh & W. Va
St. Louis & S. F
St. Louis & S. W
Saa. Ove
Texas & Pacific
Pacific
United By. Invest
Mi Rowe Ions Wiecee
Maryland
Pac. Ry
P. C. Adams Express
Amer
Eledese
Amer. H. and L. Pref
Hessl Ckians
Ice
Amer. Intern. Corp
Amer. Linseed
Amer. Loccumo
Amer. Ship and Com
Ee Peery
Stee
Sumat
Writ
Pa. A. Soowo Ccd
Assoc
Belcomo
Bet Tteel
California
Beast
Fae
Chandler Motors
Chile Copper
Chino Copper
Poca -Coim
Obercess
Columbia Gas
Columbia Graph
Gite CO
Continental
P. C
Dee Agate
Sess Jns.c
Proctor & Gamble Common
Owens Bottle Common
National Acme
Rudolph Wurlitzer
Western Bank and Trust Company
Ohio Bell Telephone Preferred
Rails
Erlanger
Columbus & Xenia
Dayton & Michigan Common
Little Miami
Columbia Gas and Electric
Tok
Cosden & Co
Crucible Steel
Con-Amer
Davison Chem
Endicott-Johnson
Elkhorn Corp
Famous Players
Fish Tire
Freeport
Texas
General Asphalt
General Cigars
General Motors
Goodrich, B. F
Great Northern
Gulf States Steel
Hupp Motors
N. J Intern Nickels
Kelly
Springfield
Kennecott Copper
Keystone T
Kresge (S. S.) & Co
Tire and Rub
Lima
Loews, Inc
Candy
Esce
Marland Ol
Eccees
Miami Copper
Middle States Oil
Midvale Steel - Montgomery-Ward National Acme
Nat
Enam
St National Biscuit
National Lead
Nevada Copper
Nova Scotia Steel Oklahoma
Okens Bottle
Pacific Oil
Pan-Amer
Pete
Penn
Seaboard St
People’s Gas Oe
Philadelphia Co
Pierce-Arrow
Pierce Oil
Pittsburgh Coal
Pullman Co
Enens
Punta-Alegre
Sugar Ray
Remington
Repolge Steel
Republic Steel
Seeee Royal Dutch
Seneca Copper
Sears-Roebuck Oreee
Shell Transport
Sinclair Oil
Financial Notes
J. R. Edwards
Standard Oil Stocks
Alfred Hill Ask
Anglo-American Oil Co., Ltd
Atlantic Refining Co
Borne-Scrymser Co
Ooreesaden
Buckeye Pipe Line
Chesebrough Mfg. Co
Continental Oil Co
Crescent Pipe Line Co
Cumberland Pipe Line Co
Fureka Pipe Line Co
Galena-Sig. Oil Co
Illinois Pipe Line
Indiana Pipe Line Co International Pete. Co
National Transit Co
New York Transit Co
Local Securities
Reserve Bank
Highland County
Bond Department
the Third National Bank
Lebanon, Ohio
Electric Light
Weil, Roth& CO
E. Fourth St
Baldwin Piano
THE
Baldwin Piano CO
W. 4Th Se