Midvale Combine Details Issued to Stockholders
Formal terms for the merger of Midvale Steel and Ordnance, Republic Iron and Steel, and Inland Steel were sent to stockholders. The North American Steel Corporation will issue 3,308,612 common shares, 60, 331, 475 preferred shares, 70,473,600 bonds and fixed charges, with $244,000,000 in assets. The plan converts preferred into common and allocates shares to each company’s stockholders in part to acquire Republic and Inland assets. The Justice Department will study the merger plan after notification by Attorney General Daugherty.
MENTIONED IN THIS ARTICLE
Ao Obliga Vale Company
Republic
Friand Company
Compa
Republic Comp i
Inland Steel Company
Midvale
Republic Iron and Steel
Inland
Het
Erty
Washington
Daugherty
Republic, Midvale
Inland Steel
Department of Justice
Seaboard Air Line Reports Deficit in 1921 Annual
Seaboard Air Line’s 1921 annual report shows a deficit amid taxes and charges, with net operating revenue of 2 062 572 and total assets and liabilities listed. The balance sheet details include freight and passenger revenues, loans, interest, and payable liabilities, noting a carried profit and 5 769 508 carried for the seat.
MENTIONED IN THIS ARTICLE
Seaboarair Lane
Onch
U S Settles With Soo Line Over 1920 Losses
The Interstate Commerce Commission approved a final settlement with the Minneapolis, St. Paul and Sauit Ste. Marie Railway for losses in railroad operations during six months of 1920, authorizing a payment of 502,467 to the Soo Line as part of the government settlement.
MENTIONED IN THIS ARTICLE
U.S
Soo” Line
Washington
Minneapolis, St. Paul
Investment Questions on Bonds and Stocks Advice
The Financial Editor answers readers about United Kingdom bonds conversion timing and currency effects. Advice covers selling now versus later, the impact of sterling exchange, and notes on nation war bonds. It also weighs Interborough Rapid Transit notes and other securities, recommending cautious choices and specific bond options for security and liquidity.
MENTIONED IN THIS ARTICLE
United Kingdom
Investment Q&A Columns to Run Weekly in Tribune
Four full columns of investment questions and answers are planned for publication every Sunday and Monday in the Tribune. On other days, one full column will appear, providing concise guidance on market topics and financial decisions.
MENTIONED IN THIS ARTICLE
the Tribune
New York Metal Market Shows Dull Tin and Copper Prices
Market reports from New York reveal a dull tin market with quoted Straits shipeenss at 2G a 37e and 0Y per asked. Copper futures for June and July sit around 13.0 asked while electrolytic copper trades near 13.50e. New York spot quotes show 5.7he bid and other regional spots listed, with East Louis and other centers recording varied prices. Smelting and refining firms raise front prices to 8.7he in New York and East St markets.
MENTIONED IN THIS ARTICLE
New York
East Louis
East St
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The
New York Trust Company
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Boston
Stone & Webster
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Rector
Chicago
Orvis Brothers & CO
Stock Exchange N. Y. Cotton Exchange
Cotton Exchange
Chicago Board of Trade
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Bines
Ae Tetas & Ois
Yorkeite
Eestor
Firth Aw
Amumot Amer
Rai Alliance
Lincoln T Feara
Amer
Tebaccs Co
Mortzes
Hell
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KM & Tr
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Slwatenet
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Ao Do
Lac Glist & Kennecott
Procter & Gam
Solvay
Kerabie
Paul
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Nilee
Midvale Combine
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Seaboard Air Line
Investment Information
Cale Frene
the Tribe
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Cuertion
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Rand Qwestinn
Trterhorsash
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Fifth Avenue
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Pine St. Telephones Fohn
New Orleans, Louisiana
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