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This newspaper page contains 9 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 29, 1922
Page
8
Fragmented OCR style item cites assorted markets in other cities with unclear numbers and names. Mentions Philadelphia, Pennaglia like references, and various personal and company names, but lacks coherent event or outcome. No definite dates or actions present.
Closing bid and asked quotations for storks traded yesterday are listed by name and firm. The record includes figures for Continental Insurance and various mining and manufacturing companies, with dates from June 28 to July 14 and entries referencing banks, oil and iron firms, and transportation concerns.
The Tobacco Products Corporation stockholders meeting in Richmond Virginia voted to increase capital from 39 million to 107 million, issuing new stock and a 6 percent dividend. United Retail Stores offers exchange of one Tobacco Products share for one A 7 percent stock and half a share of new Tobacco Products stock, adding to Inter company holdings. The Tobacco Products firm owns brands in the tobacco and dip products business and operates through its subsidiaries.
The American Railway Association notes a June 1 drop in idle freight cars totaling 442 252, with a 23 count decline from June 8. Of the total, 206 808 were serviceable, 123 989 were out of service, and surplus coal and coke cars also fell across several categories.
London metal market round up shows copper futures and spot prices with inconsistent quotes. The message lists prices in pounds per ton and notes futures and spot movements, reflecting a volatile session.
Investment information discusses absolute safety limits, warning that U S Treasury obligations are safest while new corporations like Manhattan Pigely Wigely face risks. It covers stock sales commissions, conversions to preferred stock, and potential reforms in Atlantic Fleet Company and Virginia Power Company bonds amid reorganizations and earnings reports.
The Tribune announces four full columns of tent questions and answers will run each Sunday and Monday. On all other days a single full column will appear, providing continued reader engagement across the week.
Prices continued to ease as curb trading slowed with volume weak. Standard Oil of Indiana eased over a point while Mexican Petroleum and Cities Service ranged lower. Southern States Oil, led by C. Haskell increasing stake, appeared for the first time, with capital at 20 million and a 405 acre, 3 producing well setup in Oklahoma and Louisiana. Industrials showed uneven moves with REO Motor, Philip Morris, and Dobiller Radio posting mixed gains.
A federal filing in St Louis seeks dissolution of the Missouri Kansas & Texas Railway receivership. Objections from the Kansas City Terminal Railroad Association and nine railroads target a plan to withdraw the MK&T from the Kansas City station area. The decree argues liquidation best serves the road and creditors, while noting prior receiver success and ongoing reorganizations amid stock and asset reviews.
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