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This newspaper page contains 7 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 23, 1920
Page
62
A historical document outlines a financing system proposed for wool growers, detailing bills of lading based support and a loan framework. It references the Reserve Board's role, funding mechanisms, and potential development within the wool industry despite low price pressures.
The Fidelity Trust Company and the International Bank announce they have approved a merger to form a larger institution. The merged bank will retain the Fidelity name with offices at Chambers and Sudsey streets and West Broadway, and stockholders’ meetings have been called to approve the capital increase and surplus allocation. The Fidelity name will continue locally, with plans for a new Tennessee branch and expanded equity and deposits.
The Mint reports selling 3,700,000 ounces of silver at set price for delivery to specified dates this month under wartime authority. Total production reaches 4,200,000 ounces. government controls set pricing and supply.
The market faced a broad drop with only brief late strength after the opening as rain in the Southwest and Wall Street weakness dominated. Banks and railroad labor tensions, plus political unrest in the South and Turkey, pressured cotton demand and delayed exports.
An irregular OCR chunk shows trading desk chatter on various goods and markets. It mentions prices, futures, and commodities in a dense, disjointed ledger style with scattered names and figures, plus speculative comments on textile and food items.
A clipped archival snippet shows Seaboard National Bank of New York referenced amid a jumble of text. The fragment hints at a financial institution notice with addresses and names obscured by OCR errors.
The article details the appointment of a receiver for the National Railroad of Hayti, with names such as Roger L. Furs and others involved. discusses the financial maneuvers, guarantees, and court actions to secure funds and support ongoing operations.
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