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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 03, 1920
Page
8
Fragmented OCR text shows scattered market notes and names like Beaver Com Nawras Gh Werland and Hollinger. Content is unclear with broken phrases and insufficient readable facts to identify a coherent event or entities.
The South Porto Rico Sugar Company plans to raise its authorized capital from 6 million to 12.5 million dollars and stockholders will vote at the meeting. Directors indicated the move aims to strengthen the company’s capital base and support future development, with meetings set in Jersey City at 1 o clock.
A troubled company announces a plan to retire debentures totaling about 1 030 000 pounds with a steady stream of repayments. The issue faced involves 46 million dollars in proceeds from prior sales, with 16 708 000 outstanding previously. Since then, the firm has bought and retired several bonds, leaving about 4 030 000 still to be paid, amid plans tied to Dominion Steel and local town reports.
Trading of cotton futures resumed after a two day gap as New York and New Orleans exchanges reopened at 1 PM local time. Prices rallied then eased with a broad market reaction following the May government report and a relief surge on the repeal of the Comer amendment.
Representatives from eight wheat loading regions met in Chicago to discuss resuming futures trading for wheat. A July 15 start for July and December contracts without restrictions was favored by many delegates, though several questions linger on market impact and timing.
A lengthy commodity and futures roundup notes sugar, coffee, cottonseed oil, and grain movements with a dull trading tone. Prices edge or retreat intraday as traders react to open-interest shifts, while milk and livestock quotes show modest gains in some calves and veal segments amid unsettled supply dynamics.
Stockholders are to vote on June 10 an underwriting plan for 500000 shares of new Willys-Overland common stock. The agreement with the underwriting syndicate includes a 5.00 per share underwriting commission and a total anticipated value around 12000000 as the company outlines financing needs and profit projections.
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