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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 22, 1922
Page
8
A jumble of figures and notes outlines ex dividend movements, currency quotes, and stock activity from Paris to London. It mentions the Paris market firmer, francs per dollar, gilt edge securities, and British industrials, with several company names and cross market references.
The New York Federal Reserve Bank reduced its rediscount and advances rate to 4 percent effective at opening of business. The move aims to align with London rates and open-market conditions, signaling gradual economic stimulation rather than immediate demand surge.
The Financial Editor at The Tribune provides investment guidance covering the exchange of Great Northern and Northern Pacific securities, treasury note offers, and broad recommendations on domestic and foreign bonds. It notes exchange deadlines, trustee processes, and cautions on risk while detailing several bonds with yields and suitability for a widow’s funds. The piece also reports that the New York Reserve Bank may reduce rediscount rates, with other banks possibly following.
The Tribune will publish four full columns of investment questions and any steers every Sunday and Monday. On other days a full column will also appear.
Fragmented OCR listing several securities and shares across markets including Cotton Mills South Dominion Mock Scrip Newport National Thrift Fond Atlantic Coast Electric and International Nickel Co. across multiple entities with prices per share and bond notes. The text notes subscription under a ge 159 000 shares Branton OU Co and references various corporate certificates and securities.
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