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Newspaper

Washington Post

Location

Washington, Washington Dc, United States of America

Date

Jul 22, 1920

Page

3

Optimistic Railway Peace Hopes Amid Market Uncertainty

The Washington Post reports July 21 that traders mixed optimism on railroad peace with broad market unease. Rail shares led early activity as investors weighed wage awards and potential strike actions, while sugar stocks and other issues faced selling pressure.

Washington Post Kew Fork Prien Chengo Wall Street

New York curb trading boosts Simms Petroleum and majors

Active curb trading featured Simms Petroleum advancing after yesterday, with National 611 and General Asphalt rising amid contracts and capacity news. Leetone Petroleum moved strongly after its listing. White Oil favorable. Thompson lease No 7 output up. multiple wells added. mixed action in Shell Transport, International Petroleum, and Tropical Oil. minor paper stocks showed small gains.

Washington Post New York Simms Petroleum National Leetone Petroleum Esterday Momer Field Oklahoma White Oil Corporation Thompson Shell Shelly OU International Petroleum Hetvuns

Liberty Bonds Rally Amid Market Shakeout On War Loans

Demand for liberty bonds and victory notes surged, pushing prices from around 30 cents to over 50 cents as 44, 4 and 4 1/2 per cent issues gained. Rumors of Treasury buying support circulated, while government loans showed a recent shakeout and a rebound looked likely. Virginia Brown Bros certificates rose to a new high, and Japanese first 41.3 bonds drew steady inquiries as activity centered on rail bond issues and wage-scale expectations.

Bears Punta Cuba Washington New York Liberty Victory Treasury Virginia Southern Pacific Southern Railway Denver & Rio Grande St Lews & San Francisco Western Iion Telegraph Hudison & Manhattan Railroad Interstate Coromerce Commission Downtown Uptown

Bonds Sold and Dividends Declared by Firms

The bonds have all been sold and offered to the public at 101 percent. Directors of Middle States Oil declare a quarterly cash dividend of 4 percent payable October 1, 1920 to stockholders of record September 16, 1920. Lindsay Light Company declares a 2 percent dividend on common stock payable August 31 to stockholders of record July 31. No dividend was paid for the first quarter of this year. Remich, Hodges & Co offer a new issue of 1.5 million dollars. State of Oregon highway gold due 3.5 million with six months from October 1, 1925 to April 1, 1945 at yields 5.30 to 5.60 percent on long to short maturities.

Middle States Oil Lindsay Light Company Remich, Hodges & Co State of Oregon

New York Money Market Update July 21

New York money markets report 60 day bills at 3 7 81 percent with bank bills 3 78 commercial discounts and cables. Rates for francs Belgian francs and guilders show varied demand while New York exchange on Montreal stands at 12 percent. Government bonds firm railroads irregular time loans strong call money steady high to low 8 offered 7 last loan 8 bank acceptances 6 percent.

York Mercandie New York Exchange Montreal

Philadelphia Markets July 21 Prices and Supplies

Philadelphia market report shows oats and poultry mixed, with white oats around 1.26 for No 2, higher firats and Western extra firsts around 12 to 62 for various grades. Live broiling chickens steady to lower, white leghorns 25, potatoes lower in Southern No 3 and Jersey baskets priced 150 to 175 per basket.

Philadelphia Jersey

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