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This newspaper page contains 18 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 06, 1922
Page
14
A fragmented financial column discusses receivership risks for transit bonds, conversion privileges in War Loans, and speculative features of various bonds including Kingdom bonds and railroad securities. It weighs security, yield, and market timing to advise on exchange options and portfolio selection amid uncertain economic conditions.
Four full columns of investment questions and answers will be published in Tribune every Sunday. On other days a column will appear featuring Coleman's investment advice and market insights.
Negotiations on Mexico's debt extend into yesterday via morning and afternoon meetings. Adolfo de la Muerte, the Mexican finance minister, led talks with representatives of the International Bankers Committee on Mexico. Deliberations will resume this morning, with details awaiting a firm decision.
In Pittsburgh on June 6 the Joseph Seep Purchasing Agency announced a 25 cent rise in Pennsylvania crude oil to 3.50 a barrel. Other grades also gained with a 26 cent increase to 2.18 and Corning crude steady at 1.00. An additional 25 to 26 cent rise is anticipated soon amid Mid-Continent price movements.
A group including Goldman, Sachs, Lehman Brothers, Charles D. Barney, Hallgarten & Co. plans to offer a block of American Metal Company shares to the public. The holding company controls subsidiaries in copper refining, lead, silver and other metals, coal mining, and sulphuric acid production. A voting trust created December 8, 1918, shifted 51,084 shares from German and most American stockholders to trustees. Of $25 million authorized, $14 million is outstanding.
Federal Judges Buffington and Thompson allowed Continental Insurance Company and Fidelity Phenix Fire Insurance Company to withdraw petitions to set aside the sale of Lehigh and Wilkes stock to Reynolds stockholders of Jersey Railroad. Reynolds group protested the sale and was given ten days to respond. Insurers claimed Reynolds bid was 1,000,000 less than Franklin Securities Corporation bid.
Baltimore and Ohio Railroad announces contracts for new equipment totaling about six million dollars. The order comprises 4,000 hopper and gondola freight cars and 1,000 boxcars.
Washington reports War Finance Corporation repayments for May reached 28 07.83 percent, with 4 315 on loans under war powers and export advance repayments totaling 19 792.76. The statement is issued by Managing Director Meyer. The detailed figures cover multiple loan and export repayment categories.
The article lists officers elected by the Newport News exchange and details about the Central Union Trust Company and related financial instruments. It notes a mortgage loan of 4,005,006 dollars and an external loan of 102,25 percent secured sinking fund. It mentions upcoming leadership at refining and representation for the Rhafler company, with Fort Dodge Railroad expenses and interest.
A dense OCR fragment shows Richmond area furnishing goods, department-store names, and scattered product listings including silks, curtains, draperies, and other home items. Repeated city and store cues hint at multiple firms, locations, and prices across a lengthy classified-like passage.
An 80 year old woman, Mrs. Louisa C. Ellie, won a six year fight to be declared the legitimate daughter of George M. Chapman, who died in 1887. Justice Burr ruled the marriage to Jane Compton and later arrangements, plundering the estate to rightful heirs, with Ellie set to receive $150,000 immediately and the rest to be distributed to her heirs after Hawley Chapman’s death. The case also found Hawley Chapman illegitimate, with the estate valued between $400,000 and $1,500,000.
A French family arriving on the SS Savole faced immigration rules that split the mother and two children from the husband and a future home on Long Island. Madame Justine Spinnler, Jean Pierre three, and Robert nine months were held for inquiry due to birthplaces Poland Italy and France. The father Mex Spinnler plans to appeal to Washington. the secretary of Labor may grant a temporary stay or retroactive admission as quotas renew.
Mrs Margaret Portier of 4 East Twelfth Street disappeared from the steamer Poughkeepsie at Albany May 10. Albany police were notified that her body was recovered in the Newburgh river area. Portier, 43, a widow, had been suffering nervous collapse, her husband Frank Portier reported. The case is treated as a possible suicide.
Harding signs bill creating a temporary reserve board and authorizing appointments from agriculture commerce and banking sectors. In Coblenz American troops required to prove swimming ability or face discharge. Drowning incidents in Moselle and Rhine rivers last summer spur pool paddle tests. One official plans a European speaking tour on penal reform and welfare, with others to Britain and Holland in the coming months.
John Darney aged 28 of 64 East Thirteenth Street was fatally shot five times Sunday night during an attempted arrest by Patrolman Kavanaugh. Darney fled to his room and fire was exchanged at the doorway, with Darney sustaining fatal wounds. Police report he died in Bellevue Hospital after succumbing to the injuries.
Police seek a child who attacked two sisters with a razor on East Fifteenth Street in northern New Jersey. Josephine and another girl were slashed, wounds described as minor. The assailant fled into a hallway but was pursued by officers and a crowd of children. Leon Bacineki, father of the victims, carried them to safety and aided responders before heading to Bayonne.
Ottawa June 5 A brief stand by Riley's unemployed army outside government offices collapsed after twenty minutes of tense silence and speculation. Prime Minister and Premier held consultations as officers considered their next move amid mounting pressure from the crowd and officials.
Members of the National Garment Retailers Association prepared to use the fair at Armory August 7 to 24. Franklin Simos said the association aims to secure new merchandise contracts for the 1923 1925 season and to have all buyers conduct an intensive review of purchases. He noted informally that other association members are pursuing similar plans.
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