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This newspaper page contains 10 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 12, 1922

Page

7

Royal Bank of Canada invites use of vast global network

The Royal Bank of Canada states its capital and reserve fund and invites banks and commercial and industrial concerns to use its services. It notes over 600 branches in Canada and Newfoundland and 100 abroad in the West Indies Cuba Central and South America with offices in London Paris and Barcelona. A booklet lists branches and correspondents with the New York Agency at 68 William Street.

Canada Newfoundland West Indies Cuba Central and South America London Paris Barcelona

Retrospective notes on week market and corporate moves

The week’s brief summary notes price gains for Pennsylvania crude oil and a 25 cent barrel increase, plus official terms for a Midvale steel merger and an inquiry into the matter. Other items include a large wheat crop pressuring markets, a consolidation plan between Bank of America and American National, Durand acquiring a Willys plant at Elisabeth, and approval of the Midvale merger by Untermyer.

Pennsylvania Bank of America Auisntie National Durrant Willys Corporation Elisabeth Ned Midvale Steel Eteen Untermyer

Cereals for Russia Bought in Romania for Relief

In Bucharest April a sale of seventy thousand tons of cereals to aid starving Russia was arranged by the Inter Allied Committee. A committee delegate thanked Romanian authorities for the wartime assistance and philanthropic effort supporting relief.

Russia Rumania Ducharest Nussia

Industrial Motors Corp Completes Organization

Industrial Motors Corporation is formed by consolidating Atlan and Selden truck groups. John J. Watson Jr. elected president and chairman to lead growth toward a status as large in commercial vehicles as General Motors. Directors include Frederick M. Martin Parry Corporation Schley Chase 3 Banks C Gordon Robert H. Salmons William A. Phillips George P. Smith Oscar L. Gubelman Henry Mopkin and others.

Industrial Motors Corporation Atlan Selden John J. Watson, Jr Persident Industrial Motors General Motors A Frederick M. Martin Parry Corporation Schley Ident Chase 3 Banks

Italian Wool Carry-Over As Sheep Season Nears

With the shearing season near, Italian raw wool prices remain low due to unsold stock of old clips. In Latino alone an estimated 1,000,000 to 3,000,000 kilograms of raw wool are in storage, per a Rome report by Vice-Consul Russell.

Russell Rome

Austrian Currency Pact With Germany Sought

In Vienna June 11 the Social Democrats press a modified currency union with Germany as a last effort to avert economic collapse. Dr Otto Bauer, ex Foreign Minister, proposes seeking Allied consent to approach Germany for a stabilized vault bank in Vienna and a fixed mark crown ratio, a move seen as paving a path to political union with Germany.

Germany Vienna Social Democrats Otto Bauer Thawan-Germaniata

Japanese Oil Firms Merge In Quiet Move

The Japanese petroleum sector sees a merger of Asahi and Teikoku Petroleum. Both companies were formed solely to handle crude oil trade, import, refining, or distribution in Kyoto and Kobe.

Asahi Teikoku Kyupku Kobe

Argentine Customs Falls Explain Treasury Deficit Drop

The Treasury Department of Argentina reports total customs revenue for 1921 at 243,468,701 pesos, down from 207,685,845 pesos in 1920. A dispatch cites export returns shrinking by about 60 percent as the main cause, per Commercial Attaché Feely in Buenos Aires. The piece also notes developments in the South African shoe trade and cotton goods imports as factors affecting markets.

Treasury Department of Argentina Feely Buenos ‘Ayres South Africa Progreso Yue Ie Marawa England Germany

Farm Bureau Backs Ford Shoals Plan for Muscle Shoals

Washington June 11 Farmers urged Congress to accept Henry Ford's offer for the Muscle Shoals property including the Gorgas power plant. Greg Silver, Farm Bureau Washington rep, argues Ford's proposal would provide cheaper water power and fertilizer, urging state secretaries to press for immediate acceptance.

Congress Tribune Washington Bereas Washington American Farm Burea Federation Henry Ford Muscle Shoals Gorgas Greg Silver Alabama Power Company Ford Silver Bilver House Committee On House Committee On Military Affairs Detroit Gorges

Peru Central Bank to start rediscount in June

The Reserve Bank of Peru plans to begin rediscount and other operations in the first half of June according to a cable from Acting Commercial. The contract for printing has been awarded to an American company.

Reserve Bank of Peru Department of the

Also Mentioned on This Page

Brett Furman Pew Dyn & Co Wendley Vet Ag Toren Welyn Iiss Toheau Aleaette Steef Ian Aint Durant Cresson Vane Iain Tha Ia Earl Iandy Leral Sagna Grant Herden Mitarrill Bates Law Clase Wee Ale “ Ter Southern Mars Ohio Okia Jan Spewirs Mirrington Voroa Packard Jan Otis Steel National Tin O Irm Dan Se Owens Valle Eifie Devel Corp Sewail Mornia Aw Vaeille Fae & Etre Iit Pub Cort Pan-Amer Petret Si Yen Jan Haris Dincham Jan Peansyleeaie Fenn Seaboard Steel Jan Penrer Janet Ac Mtandara River Thahahora Stewart Jan Pe Jan Pere Marquette Phillinetanis Ikien Jose Pillips Ban Iil Slimay Bhoett Trinity Jane Picely Cape Avrok Am Errington Arlantic Spr Corp of NJ Gale Allied Tack Pullman Co Vita Alegre Sucor Indiana Keipnann John Jeim Marie Jan Swan Finch Armour & ¢ Ie Dan Jan ALO of Dene Iron & Steel Beaver Ines Royal Dutch Oi Fee Rutlend Jay St Jourph Santa Cecilia Sur Jan Savase Columbia Dean Rasbuck Arizona Merehey Steet Agai Mex & Hey Jan Y Stern Bros Maria Warner Ejaon Menten Jan Strombers Merch & i i Dan Brudebaker Colembia Vera May Vets Company Am Bratte Tenn Cop & Chem Sopa Mar Texas Company Tesme & Pacific Omar OW Pennok Hingwatt Creek Stawn Tina Galt Mapulpa Savoy M Ape Transue Wis Steel Twin City Ran Tran Shyaban Ete Union Bag & Peper Faton Wieh Jon United Fruit Weber & Hellbrewer United Pi West Maryland Ite & Fi Weat Pacific USC Pipe & FA West Union Westingh Westinghouse Mfsa Wheel & Lake Erie Realty & Stamp Aer White Eagle White Motors Aim Siti W- Wickwire Spencer US Steel Willys-Overland Wilson Co Tobscea Wisconsin Central Utah Copper Utah Securities Corp Aay Woolworth Worth Pump & M Jan Kaalte Virginia-Cat Virginia 1 & Se THE Royal Bank OF Canada New York Agency William Street Atlantic Refining Company the Equitable Trust Company OF New York Standard Oil Company Philadelphia Franklin Pittsburgh Brunswick Delaware Connecticut Rhode Island Massachusetts Messrs. Ford, Bacon & Davis Messrs. Murray, Prentice & Aldrich New York Stock Exchange the Equitable Trust Company of New York Cassatt & Co Blair & Co., Inc Industrial Motors Corp’n Farm Bureau le Rai Oe Mull
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