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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 29, 1922
Page
31
Chicago June 24 wheat averages slipped on favorable weather with the Liverpool market showing little reaction to yesterday's advance. Chicago close uncerta in net decline with September at 1.15. Corn and oats also moved lower while livestock and country produce notes show varied dips and gains across grains, meats, and hardware stocks.
The American Smelting and Refining Company outlines plans to develop coal properties in the Cabinas district of Sonora, Mexico, including a large by product coke plant with 2 percent monthly capacity, a new town site, churches, hospital, worker housing, and entertainment. Executives, led by William Loeh Jr, discuss tax implications with Mexican officials as President Obregon and ministry heads show interest. The board meets to organize management and confirm officers while considering future tax arrangements on by products.
Northwest market report from Minneapolis June highlights higher farm product values and stronger employment while May buying for metals and lumber shows mixed gains and declines. Wholesale dry goods show modest increases, with overall year to year demand softer in some categories and prices varying across sectors.
The article reports the withdrawal of three Brooklyn banks from the New York Clearing House amid reforms in interest rates and banking settlement rules. It notes related moves by other regional institutions, the impact on customer deposits, and ongoing consideration of replacing the clearing arrangements.
Chicago dispatch reports rising labor scarcity at plants as the administration moves to end a postal strike and avert higher labor costs. Analysts warn of wage pressures and possible production slowdowns, with regional impacts across mines and steel facilities in coming weeks.
May reports from railroads show New York New Haven Hartford posting a notable net gain, with Delaware & Hudson showing improved results though smaller, Chicago Milwaukee and others varying. Attorney General Tour near a steel merger decision. market notes include securities auctions, corporate notes, and telegraph company shares trading through midweek.
A dated notice from New York Trust outlines secured claims and December maturities for city of Danville California notes. It lists interest adjustments, cash settlements, and due dates with percentages and amounts including 108.50 and 13038, noting July 1988 as a key reference point and a secretary’s certification.
The Baltimore and Kin Railroad Co announces a dividend of one per share on common stock for the year. The notice gives the meeting date and the treasurer’s signature, outlining payment details and distribution timing.
A dated financial notice outlines various securities including perpetual bonds, mortgage debentures, and preferred stock from multiple issuers. Entities mentioned include Interborough Rapid Transit Company, Canadian Pacific Railway, Denver Gas and Electric, San Francisco Railway, Northern Traction and Light, Venisians and North Railroad, and North American Company among others. The document references amounts in the millions and a mix of issued debt instruments and stock classifications.
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