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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 07, 1922
Page
51
London market quiet on the stock exchange with bar gold at 1d and money loaned at 1 percent. Discount rate and short bills seen at minimal activity as SNGZ clothing stock quotations emerge with unclear figures from the era.
The letter discusses Canadian Northern and Baldwin locomotives, urging cautious investment. It analyzes stocks and bonds, noting United Kingdom issues and American securities. The author cites dividend expectations, market risk, and preferred shares while advising diversification and potential disposals.
Jersey Central Railroad reports 1921 income totaling 24.37 million dollars, largely from non-operating coal dividends from Lehigh and Wilkes Barre Coal Company. Operating gains improved, with gross income rising and expenses falling, reducing operating ratio to 84.19 percent despite prior insurance-led tax maneuvers.
The Tribune plans four full investment question columns on Sundays and Mondays with one additional full column on the other days each week. Readers can expect continued market guidance and financial queries addressed in upcoming editions.
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