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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 13, 1922
Page
9
Fragmented OCR text references Pasco Copper Corporation proposals and a state office intent, with scattered mentions of river work, hearings, and wage notes. The readable portions show a formal notice style about proposals, meetings, and supervisory actions, but the content is garbled.
A cryptic financial notice warns holders of Virtats holes and others about a redemption action by the Treasury and the Federal Reserve, dated February 9, 4900, signed by Secretary Mellon. The text is garbled but indicates termination and a schedule for redemption, with references to payment terms and authorities.
The cotton market declined as weather improvements in the South spurred selling. General and heavy drops occurred across intermarket and Wall Street trading, with nearby futures and spot markets weakening. The day closed modestly lower, with declines focused in the southern spot market and regional trading activity subdued.
James F. Shang of Knauth Nachod Kis and 7 A Murphy elected to the Mexican Seaboard Oil Company board, succeeding H. F. Sinclair and A. B. Watters. Murphy and Longan also named directors of the International Filtrient Company, operator of the Mexican Seaboard Oil Co. in the board reshuffle.
Woollake Lamson Ge Inc tacks 19 be paid lay of dulr Octuber and Apr chanas. Money or checks will be mailed to G. Van Houten, Treasurer, indicating a financial transaction or settlement.
Chicago June 12 Wheat markets fell amid expectations of large Southwest shipments. Heavy liquidation by holders and selling pressure from shorts pushed prices down, with buyers showing weak demand. Provisions and livestock mixed as the market diverged on futures and cash quotes.
The Interstate Commerce Commission authorized Western & W. Bonds to issue 3,000 mortgage bonds of 1087 at date of sale. Proceeds will fund rail purchases. The 2 barizen today clause notes price and interest to be set at sale time. Receipts from the auction will be used to acquire new equipment.
The Interstate Commerce Commission faces shaping the tentative grouping of the Southern Pacific Central Pacific system under the 1920 transportation act. William Sprogle, SP president, argues the Supreme Court ruling requiring sale of Central Pacific stock should not drive breakup, urging continued unity of the rail network for public service and noting potential need for new legislation to empower regulation as a unit.
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