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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
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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.
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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.
MENTIONED IN THIS ARTICLE
Reserve Bank of Peru
Department of the
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Si Yen
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Dincham
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