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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 22, 1922
Page
9
A garbled 1922 finance snippet shows Cin Cons and Cincinnati Gas and Electric Company in dispute over a three year secured note. The notice names Stax, Devers, and Enon as parties or signatories, with December 1, 1922 as a cited due date and references to a treasurer.
A damaged OCR fragment references the American Steel and Foundry Company and related notices. It mentions trustees or a board in New York, a bank interest, and an event involving a five percent stock or bond matter connected to a metal manufacturing concern.
Mexican Petroleum Company reports 1921 earnings of 43,166,700 with per share net about 16. Aiming to restore confidence, FL Doheny states production remains high at roughly 140,000 barrels daily with reserves proving up. Taxes in 1921 total a substantial burden, while the balance sheet shows ample current assets and cash.
The Manhattan Company board declares a quarterly six percent dividend on capital stock payable July 1 1922 to stockholders of record at close of business June 23 1922 transfer books not closing. Payment details and related notices appear with dated confirmations from officers.
The document records dividend declarations and stock actions from Metropolitan Trust Company of New York and Garfield National Bank with dates June 1922 and June 1933. It lists quarterly dividend of 3 percent payable to stockholders, record dates, and signatures of officers including A W Snow, William A Pergubon, and W W Bruce.
The Pan American Petroleum and Transport reported 1921 results showing a net profit of 18,162,619 dollars, or about 12.94 dollars per share on outstanding capital stock, up from 1920. Earnings after depreciation, depletion, and taxes totaled 18,160,618 dollars, versus 12,987,758 dollars in 1920, with gains driven by higher machine operation earnings and stronger Mexican Petroleum Company revenues.
American oil executives say Mexican officials appear inclined to guarantee rights and benefits for new development under a pooling plan. EB L Doheny, Pan American Petroleum and Transport Company head, notes a united exploration effort contingent on government guarantees and a fair share to Mexico. Lawyers for both sides prepare a procedure to reach a mutually satisfactory plan. Also, Hanover Trust to pay a per event dividend to commercial depositors, starting next Monday, as Bank Commissioner Kien confirms.
Market summary shows Standard Oil stocks weak with little support as price declines appeared in several gauges. Independent and Anglo American moved modestly, Mexican Sea was in demand on reports of higher output, while Cities Service faced dividend changes after hours and Tobacco Products posted gains amid mixed results.
The page lists closing bid and ask quotations from the Stock Exchange where there were no transactions yesterday. It includes price levels for various stocks, with scattered references to company names, numbers, and fragmented data, reflecting a snapshot of market activity and inactivity in numerous listings.
The OCR fragment catalogs dozens of names, firms, and items from a large city commercial page. It mentions merchants, department stores, hosiery, millinery, fabrics, clothing, and public notices. Numerous named companies and individuals appear, including merchants in New York and other cities, with scattered references to jobs, stock, and ads.
A business group urges a broad sales tax to replace high surtaxes and a general tax. The plan, announced by M. Le Seidman, aims to lower prices, spur investment in industries, railroads and shipping, and spread tax burden widely rather than concentrating it on a few. London copper and tin prices are noted.
Commercial credit conditions show modest gains in prime bank acceptances as the Federal Reserve reports a four percent rate. New York notes higher acceptance activity with bids around 44 percent as out of town demand grows. Supplies available to meet demand remain lighter, while exports of foodstuffs drive volume in the banking acceptance market. The American Acceptance Council releases fresh discount rates for prime bankers’ acceptances under federal rules.
White skirts remain the top choice for summer wear per focal sites and manufacturers. Demand favors ebisamering styles and canton crepe models in plain striped and pinl patterns. Black and white remains a strong pairing with tan and gray close behind. Pieated and flannel skirts see limited appeal in coarser fabrics.
Ribbon trade grows as longer dresses fuel demand in underwear and petticoats. Narrow plain and pivot edge widths favored with copper, reddish brown, terra cotta, blues, and binekw prominent. Prices rise in gray goods and print cloth markets with new delivery rates and steady turnover reported.
Meciante and Metal Bank lead with an 82 percent market share in the latest figures, while 72 percent of respondents indicated a preference for other lenders. The report highlights shifts in consumer banking loyalties and regional variations in demand.
Chicago reports a nationwide motion by the National Association of Retail Cloth to oppose a 24 cent per pound wool tariff. Harted yesterday, the campaign argues the tariff harms 90 percent of Americans by raising costs for clothing. President Angeles Prankel says the goal is fair tariffs on wool while resisting a burden on consumers and farmers.
A local maker plans fall sales with $25 men’s suits and even an extra pair of trousers at the same price. The firm will offer its entire stock as four-piece ensembles and aims to provide solid value at this price.
Importers remain active in the silk market as demand rises. With old stock depleted, buyers press for higher prices while some importers resist matching New York rates, hoping manufacturers will soon adjust.
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