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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Dec 12, 1921
Page
5
Foreign exchange shows gains across sterling francs Swiss currency and kronor as markets weigh German reparations and Irish treaty shifts. Banks note reduced loan demand and higher cash in reserve while speculation on a 6 percent rediscount rate grows.
London markets rise on political news of monetary prospects and Irish peace. British 5 per cents climb to a record, Irish stocks advance, and overseas bonds attract attention as textiles, banks, shipping, and oils show strength. Experts warn inflation risks without budget balance and military burden reduction. exchange rates favor stabilizing currencies in Europe. A French steamship Olympe was floated after grounding near Pennsfield, docking in Philadelphia for cargo offload and inspection.
A wireless message published by La Nacion claims revolutionary forces in eastern Peru defeated government troops in a battle last Monday. No independent confirmation is available due to strict Peruvian censorship, with details likely to emerge via Brazil. The unrest traces to Toreto and Iquitos since August, caused by unpaid soldiers.
The affairs of the Geiger-Jones Co., an industrial financing corporation at Canton, Ohio, were placed in the hands of receivers in Cleveland today following a petition by John W. Rapp who is interested in a company financed by the Canton firm at Cooperstown New York and other points in Ohio West Virginia and New York.
The notice lists room rates including eight rooms at seven dollars, weekly at ten dollars and sixty cents, a fourteen dollar option with toilet shower and lavatory, and a one-g room at thirty-six percent higher.
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