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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jun 07, 1923
Page
10
Special to The Washington Post notes firm tone amid quiet sessions and conservative optimism on European and Austrian loan prospects. bulls focus on German reparations progress and rising rail car loadings, with mixed moves in Leather, American and European stocks as markets close with selective gains and losses.
Wall Street notes a Spartanese Washington report misread. Lee Tire and Rubber approves capital increase to 300000 shares to pay for Republic Rubber acquisition with 5000 new shares issued and rest treasury. International Mercantile Marine dividend policy discussed amid European trade outlook. Hilott Meher declares quarterly dividend of 1% on preferred stock and reduced earlier.
The New York Stock Exchange notes July 3 dividends for stock on record June 15. Liggett's International resumes 1 percent dividends on common A and B shares payable September 1 to stock on August 15. Royal Dutch declares a final 16 percent for 192% totaling 26 percent for the year. Copden & Co in Baltimore approves increasing common capital from 1.4 million to 3.9 million shares, treasury shares included. Punta Alegre Sugar Company defers dividend decision pending liquidation results, cites strong position. Whits Heck Minera Springs buys back stock at 109 cents per share to 164 shares held. holdings and voting trust certificates details given. Guaranty C company and Wood Gundy firms offer 8 million Belgo-Canadian Paper first mortgage bonds at 97, yielding not over 6 percent, payable in US dollars or sterling. Belgo-Canadian Paper Co formed to acquire Belgo Paper Co, Ltd, Canada’s largest low-cost newsprint producer for 20 years.
Irregular foreign exchange quotations listed in cents with several currencies showing demand and cable figures. Notable entries include Great Britain at 462% with 60 day Dilis on banks, France at 43 with cables, Sweden at 440, Denmark at 1874, Poland and Argentina demand figures, and Brazil Mantrea 1:14.
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