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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 26, 1922
Page
4
The May Buy Phone Co. plans a formal offering to its rub ers and employees an issue of $25,000,000 cumulative 0% preferred stock at par, $100 share, payable in cash installments at $58 per month. Interest rate and other terms are noted, with a maximum purchase per person of twenty shares to ensure broad distribution.
Wheel Co. reports the May 35 balance sheet shows cash on hand $530,431 total assets $3,082,027 and current liabilities of $82,000. The company notes reduced indebtedness and improved working capital with a sense of cautious optimism for the period.
In Schenectady on June 2, officials report Charles Neave resigns as director and chairman of the board of the International General Electric Company while Gerard Swope remains president of General Electric. Anton Buckerd is named vice chairman and chair of the board.
The market firmed last week under Mexican Petroleum’s sharp rise and easing Bank of England rate, sending Investment buying cheers as bonds and shares climbed. London and New York actions, plus a Mexican credit talks buzz, fueled renewed confidence while the gold standard and sterling fluctuations reflected global tension.
A compiled ledger shows weekly trading activity across numerous listed stocks and sectors. It records price points, volumes, and notable changes for companies including Consolidated Gas, Continental Can, Atlantic Gulf States, and Allied Chem, among many others, with figures denoting gains, declines, and splits.
Stock and bond figures from the exchange show rail stocks and government bonds rising week to week. Major totals include rail stock activity at hundreds of millions and government bonds near twenty million, with other bonds contributing large aggregate values.
Stock and bond averages from Michigan 2D Railroads and industrials. Figures show prices, highs and lows, ranges and values across multiple series including bonds and bios. Data points include 63.85 6412 61.08 and 7.10 8557 2120 74.01 FOB with varied high and low readings.
The chart tracks fluctuations in the average price of twenty railroad stocks in one line and thirty industrial stocks in another from January 1, 1919. Movements for 1919 and 1920 are shown monthly, while from January 1921 onward they are shown weekly.
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