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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 03, 1922
Page
5
Conference here on Mexican debt begins sessions with discussions on economic conditions and debt relief. Delegates from American, British, French, and German groups attend as sub committees prepare for further talks at the Becher of Commerce and Mexican Government offices.
A receiver was appointed for the firm of stock brokers William Street properties and related entities amid a petition by three creditors. The firm faced liabilities of 520,006 with assets under bond. the receivership included locations at William Street and other sites.
Treasury reports a reduction of 81 million dollars in the public debt for May bringing total debt to 23,138,836,807 on May 31 from 23,190,201,385 on April 30. May receipts were about 200 million while expenditures reached 238 million memo cites debt service and related changes.
The Chesapeake and Ohio Railway reports 1921 net income of $4,192,000, 6.08% on capital stock, down from $5,984,000 in 1920. Operating revenues total $88,000,000, down 3 percent, while operating expenses fall by $13,211,090. The operating ratio rises to 72.58 percent from 48.20 in 1920, with balance sheet reductions in current assets and liabilities.
KH L Willson of the Columbia Graphophone Company announces the company has cleared its decks after a receiver petition and readjustment plan. He says six months of creditor work led to a three year deferment of principal and interest, enabling renewed production and dealer relations to meet public demand for phonographs and records.
Dillon Read & Co warded at 103.94 a lane of bonds of Hawaii. a jamal ry of Akron district bonds and 1007 to Tucker Robinson. United Kingdom 5% issues with conversion privileges. Market summaries note Sterling at new highs, various government and corporate bonds quoted, with mixed activity in rail, utilities, and sugar stocks.
Amid mixed trading stocks edged lower as dividends were announced by several firms while investors weighed earnings. Traders monitored shifts in financials and treasury yields as markets opened.
The Studebaker Corporation reportedly broke all prior records in production sales and finances for March 1921. Authored figures cite about 14 000 cars sold production around 10 655 units and collections near 17 million dollars. A.R. Erskine, president, is quoted on sales results.
Consolidated Cigar The quarterly report of the Consolidated Cinae Corporation showed net profits of 112 on sales totaled 5. Gross profits 462 in the income account. Selling and general expenses amounted to 290,201, t.
The report mentions an interim dividend and various financial items across several banks and firms. Key names include Williare R Flesshramana, Leopard Taree Eagar Store, and Sax Ween Miners Shatrean Rage Author Worth. The text cites Capit National and Sov Stamtay in relation to the distribution and upcoming actions.
A June report from Washington states Spiro Papafrangos, special financial envoy for Greece, announced the National Bank of Greece will return all eligible deposits under a new internal loan law. Deposits will be paid half in currency and half in bonds, with exemptions noted. The move aims to stabilize Greek national finances and address circulating reports.
Lumber markets show peak price expectations with strong demand from large buyers. Northern woods report limited supply in some items while higher grade lumber remains firm. Forecasters note continued price strength amid active purchasing and expanding demand in the market.
Downward trend in commercial failures persists with weekly totals showing slight relief. RG Due & Co. reports 407 failures, Bradstreet notes 244, while year ago failures stood at 426, reflecting ongoing improvement amid imperfect week data.
George A. Fuller Co and Geo rne report totals showing current and working assets at 4 585 303 versus torrent abilities of 490460. One finished totals 14 880 284, install of 19 185. On April 29 1921 work executed during the year amounted to 23 578 81.
The New York Metal Exchange shows varied quotes with Straits at ThR32Me and July shipment values. Copper activity appears firm with spot and July figures, while stray letters and detached terms like BATT SARC and Zine OAS flank the fragment.
A readable fragment notes notices and dates for financial meetings and redevelopment actions. It references osób and entities like Columbia Trust and New York matters, with voting and assessment details tied to May dates. The garbled OCR preserves key terms such as redevision, May dates, and bank references amid sparse context.
The company announces a meeting on June 9 at twelve o clock noon in New York to vote on three matters related to corporate actions. Proxies, attendance of stockholders, and compliance with past-year procedures are noted, with amendments and qualifications as set by the secretary. May 27 identifies the voting date and reference to the board of directors meeting.
Fragmented text lists dividend notices, names, and terms with unclear dates and amounts. Mentions American Telephone and Telegraph Co and treasurer references. The legibility is poor, obscuring full details, amounts, and exact dates.
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