This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 11 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 16, 1922
Page
13
The Reserve System reports a near 20 million decline in bill holdings and a similar drop in circulation by Wednesday's end. Gold reserves fell about 8.2 million while total reserves rose modestly due to more legal tender notes and silver.
London data show May total imports at 88.51 million dollars. Exports of British products reach 68.04 million dollars with reexports at 8.06 million pounds. Total exports amount to 67.00 million dollars and the excess of imports over exports stands at 21.10 million pounds.
The Federal Reserve Banks report the condition of the twelve banks as of close of business June 14. Available figures show assets, liabilities and reserves across the system, reflecting balance sheet movements for the period.
The market faced renewed selling pressure as stocks declined across sectors including hard Oil of Indiana Seaboard Anglo American and Phillips Petroleum. Radio and tobacco shares fell with weaker performances by International Carbon and Coalition Mines Freeport Texas and other issue names. Analysts discuss balancing speculative holdings with investment securities and potential exchanges into higher quality bonds or preferred stock.
Financial editor advises 7 percent debentures as suitable for business investors watching earnings. Notes from Interborough Rapid Transit are exchangeable. new 10 percent notes and 8 percent in date adjustments. Recommend Southern Pacific, Great Northern, Northern Pacific and top-grade equipment trusts for moderate risk, with caution on long maturity and marketability factors.
Sealed proposals are invited by the Treasury Department for furnishing coinage equipment and service. Bid dates and details of laws and regulations are included in the specification and must be requested from the secretary of the treasury.
The New York State Savings and Loan Association convention opened at Lake Placid Clubhouse with Mrs Anne Hao noting total resources of 151 million dollars at end of 1921, up 15.49 million from the previous year. Charles J. Palmer praised Saranac Lake’s 600 built homes as part of the gains.
Reports of part makers financing the Star were denied by Durant Motors. The Star will be made by Durant Motors with no outside financing. capitalization is set at 20,060,000 with production planned at 120,000 units next year. Manufacturing will expand at California and Michigan plants and use the Willys plant in Elizabeth, New Jersey. Over 14,000 attended the Star exhibition, with about 8,000 more by late yesterday.
Cables say Standard Oil of New Jersey did not withdraw from Persian oil rights bids in five northern provinces. An amendment now allows consideration of Sinclair Consolidated Oil Corporation and other American bids, despite a history of Anglo Persian and British entries.
The notice states a sale action to be held at 3:00 PM on June 24. SHARLES CURTIS is named as cashier. Details reference a public sale and sheriff's involvement.
Reports say South Africa will end its embargo on gold exports at month’s end, prompting bank forecasts of rising gold flow to the United States. Rubi Loeb & Co. plans $1,650,000 in gold in London to be delivered around the Olympic period, the second shipment since the Rand strike, likely metal bought on the open market. The year 1922 tally could reach $19,000,000.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.