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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 29, 1922
Page
6
The market shows subdued trading with narrow gains and losses across counters as traders seek profit from minor shifts. Railroad and industrial stocks slip on July 1 concerns, while currency values drop to historic lows. Cotton acreage signals a tighter supply, lifting prices. wheat trends mixed with slight declines and marginal gains.
The report notes money and credit conditions with a 1 percent rate, and a prior 1 and 4 percent quotation, amid limited demand. Industrial collateral appears scarce. time money is constrained as businesses struggle to meet requirements. Foreign exchange shows lower cable rates toward London and mixed continental quotes. stock and bond markets list numerous issues with varied gains and declines, reflecting a cautious market stance.
Wall Street faces a cautious start as the stock market plans to reopen Monday after adjustments and an expected shift in operations. Key figures discuss dividend policy, express contracts, and liquidity amid a volatile earnings landscape across rail and energy sectors.
Paris on June 28 reported a quiet trading day on the Bourse with three percent tents at 95 centimes. Exchange with London stood at 52 francs 68 centimes, five percent loan at 74 francs, and the dollar valued at 11 francs 90 centimes.
Pere Marquette stock analysis notes nondividend shares with strong earnings. First four months of 1922 show income of 1,400,000 versus 912,000 in 1921. Preferred stock yields 1 percent, funded debt around 4.79 million. Road and equipment carry 122,844.90 and other assets 10,452,000.
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