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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 29, 1922
Page
30
Fragmentary OCR notes list various names and percentages with scattered terms like Philadelphia, Penna, Mex, and several personal names. No coherent market story or clear entities beyond place names and percentages emerge. The text appears as garbled market fragments with unclear dates or actions.
Closing bid and asked quotations for storks traded on the exchange yesterday show varied prices in a fragmented listing. Names like Continental Insurance, National Mines, and Northern Pacific appear among the active orders, with figures and dates scattered across the report.
Stockholders at Richmond Virginia approved a merger elevating capital from 39 million to 107 million for Tobacco Products Corporation. United Retail Stores will issue new common stock, offering one share Tobacco stock plus half a share of common for each Tobacco share. Inter-company holdings include United Cigar Store Company, the country’s largest retail chain.
The American Railway Association notes a June 1 total of 442252 idle freight cars, down 23285 from June 8 figures. Surplus and unfit cars, including box and coke cars, show reductions, with 206808 in good repair and 123989 in hed order or unfit for service, plus decreases across coal and stock car categories.
London market reports standard copper and ferrous metal prices with futures prices and spot values. The notation lists prices in pounds shillings and pence for copper futures and spot gauges, reflecting the metal trading activity on June 24.
The Tribune notes safety in investments remains relative and cautions against new ventures like Manhattan Pigely Wigely. It critiques securities sold by the Business Builders, outlines commissions and stock structure, and questions potential profits amid reorganization plans and preferred versus common stock.
The Tribune will publish four full columns of questions and answers every Sunday and Monday. On other days one full column will appear.
Prices moved lower amid lighter activity on the curb as several industrials were irregular. Standard Oil of Indiana faded more than a point while Mexican Sea Board and Cities Service eased. Southern States Oil rose with Haskell 14 showing its first appearance and a capitalized $20,000 structure. Reo Motor, Philip Morris, and Dobiller Radio posted gains.
In St Louis on June 28 the federal court filing seeks dissolution of the Missouri Kansas & Texas Railway receiver ship. Objections from the Kansas City Terminal Railroad Association and nine railroads target a plan to withdraw the line from Kansas City Union Station and sell assets while preserving creditor interests. The decree notes prior success of the receiver and indicates reorganizations and stock reorganizations may follow with an auction potential imminent.
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