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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 23, 1920
Page
60
Trading showed uneven strength with rail and industrial issues mixed. Strong activity in gold and foreign exchange followed rumors of rail developments and broad market uncertainty amid high call money rates and federal investigations.
Discussion yesterday on the Transit Company’s semi annual interest due July 1 for 160 885 300 first and refunding bonds, with no official notice yet to bondholders. Traders expect the July payments and note improving traffic has boosted income by about five million dollars in the past year.
Vyfre Frartinss wituchie jabyt lime and others discuss oil production and joint actions with American operators. The report notes government water rights, property issues, and plans affecting the petroleum industry and regional energy policy.
The piece notes dulness in the stork market with United States Steel as a leader trading at 14 nol and under 169,000 shares. Turnover over two days stays under 50 shares with a sale not reported until after 1 pm. It compares stock activity to General Motors and Texaco, signaling weak demand and cautious trading.
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