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This newspaper page contains 3 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 07, 1922

Page

49

Stock and Money Markets See Some Shifts Overnight

Trading yesterday showed a rate cut to 5 percent amid a cheery market tone. The Federal Reserve announced fund withdrawals, and financial activity reflected cautious optimism with some profit taking in industrials and rails. Bank clearings in London and New York edged up as foreign exchange fluctuated and corporate shares gained on expected merger and consolidation moves.

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Wall Street Forecast Signals Steel Orders Rise in May

Wall Street expects a rise in U S steel orders with unfilled bookings topping 5.28 million tons, the largest since May 31 1851 when bookings reached a similar peak. Merger talks involving Great Seevyern and Leaf drive cautious buying amid dividend shifts and debt negotiations.

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Behind Active Stocks and Corporate Book Figures Revealed

The report outlines the corporate mix including Teat combination of track, ne and y companies behind ral Meters Car Caditlag and related units. It details assets, inventories, preferred and common shares, earnings, and a $5,475,000 mortgage burden with no funded debt. Net sales for 1917–1921 total $1.5239 billion while common stock paid quarterly dividends in earlier years.

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Also Mentioned on This Page

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