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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

Washington Post

Location

Washington, Washington Dc, United States of America

Date

May 04, 1922

Page

4

Redemption Call for 3 Percent Victory Notes Declared

The Secretary of the Treasury announces redemption of the 3% United States Victory notes of 1928 series on June 15 1952 under Treasury Circular No 138. Conversion privileges suspended from February 9 1922 to June 15 1922, notes cease to be interconvertible thereafter. Details on presentation and surrender appear in Treasury Circular No 277.

Federal Reserve United States of America Treasury Department Federal Reserve Banks

Oil shares lead in strength on brisk market

A Washington Post report from New York on May 3 notes a large rise in trading volume with oil shares showing marked strength. Standard Oil of New Jersey and other majors led gains while industrials lagged amid strikes and transport concerns. Mack Truck and Orpheum Circuit among notable gainers with upbeat oil outlooks and renewed interest in Texas Company and Royal Dutch negotiations.

Washington Post New York Lst Genoa Standard Oil of New Jersey Standard ‘Oil of Royal Dutch Texas Company Columbia Gas & Electric Brooklyn Union Gas Consolidated Gas Burns Brothers American Bosch Magjeto Mack Truck Orpheum Circuit American Cotton Oil Middle West

Bonds Repressed by Firmer Money Amid Mixed Bond Market

In a firmer money climate, bond activity cooled though totals remained sizable. Liberty issues eased slightly while foreign bonds showed little change. Traction bonds drew attention with Interborough Rapid Transit and Inter-Metropolitan slips, yet New York Railways and related certificates stayed firm. A large influx of new securities was issued, notably Pacific Telephone mortgage bonds at 94 offering 5.40 percent yield. Russian ruble notes traded quietly with modest moves.

Washington Post New York Greater Interborough Rapid Transit Inter-Metropolitants New York Railways

Market Rumors Influence Railcar Purchases and Bonds Rise

Market chatter links potential railroad equipment orders to 20 000 cars with Pennsylvania and others in market. Freeport Texas strengthens on 7 percent 1937 bonds rising above par as Hoskins Mound Sulphur assets attract bond proceeds. Cottonseed oil and credit balances noted with May shipments and runs.

Pennsylvania Birle Southern Chesapeake & Ohio Freeport Texas Mas Freeport Hoskins Mound Texas Company The Public Ledger Co

Building permits rise slightly in district week

The district building department issued 277 permits for the week ending Saturday, a drop of 23 from the prior week. Of these, 71 permits were for dwellings, up 29 from the week before. The report notes 43 plans on file for review, down from 87 last week.

Foreign exchange rates on May 3 in New York

Irregular foreign exchange rates show Britain at 43 1/2 for pounds 4.43 percent for 60 day bills, France 3.14 percent, Italy 5.32 percent, Belgium 8.34 percent, Germany 33 44, Hanana 38 32, Norway 18 50, Sweden 26.80, Denmark 21.18, Switzerland 19.34, Spain 15.53, Greece 4.62, Poland 0.02, Czechoslovakia 19.5, Argentina 36.37, Brazil 13.75, Montreal 98 4 percent.

York Stock Exchange Wall York Laericdowel Rumély Gulf Lake Erie Am. Agr Lake Ekle & W. Pfl Che Am. Hosch Pebien Valley Am. Br. Sho Liggers M. Br Myers M. Chr Weller H. & Leath St. Ry Marlend Radiata Marlin Rockw Martin Parry Ship Ship. & Ca Maxwell Sumi Stéel 'Fay Sumatra Middle States A . Tel Tel Eaot Midvale Steel Ou Am. Tobacco At. L New M. Tobacco Mo. Kans. & Tech Tek. Pz. New M. Kans T. W Kans, & T Bite Colen Bos Wr. Pap Pi W. Pacific Zinc’ & Ld Mo, Pacific Pf Anaconda Inc & Ed Montana Power adpjAnn Arbor Mont Tsian Mullins Body Agmoc Nat Cmé Aszoc D. G Nati Biscuit Co Assoc Nam. & St T. & Santa Fe Atla Birm Atl Coast Line N. i Central Gulf & W. Ae Austin Nichols Norfolk Ms & We Norfolk & Wee Am. Water North Amer Cablaon North Pacific Baldwin Loco Ing Nunnally Co Balto Ohio Bdy Blow Barnesdall Okla, Pt Beth Steel A Steel Otis Elevator Beth. Steel Seree Otis Steel Booth Fisheree Owens Bott Mach. Iy Brooklyn Bidizon Brooklyn Postum Cereal Pf.| Noes Dey 08% Nb Ae R. T. Ct Pacific Dev UN. Sasers Pacific Gas & Elene Pacific Oil Besky Burns Bros Pan-America Pan-Amer Pet. B Butte Cop. & Y Ta Panhandle Butte & Sup Parrish & Bi Brit. Em. Steel Pennsylvania Penn Seab Stael Barrett Leather Carson Hill Marquette Caddo Pere Mara Pere Marquette Pf. Mr. Pf Eceefeees Boston Calif Philadelphia Co Phillips Petroleum Weelington Ierce Calumet & Ar Pierce-Arrow Pt Cal Ariz Central Leath Canadian Pacific Pierce Oil Carson Hills Cerro de Pasco Pittsburgh Davis Daly Pittsburgh Cent Pe Ody Gray Davis Vee Chandler Seer Pitts. & W Teland Creek Pond Creek Libby Chic. & Alton Pullman Co Chic & B Gt. Weat North Butt Ch. M Swift & Co Swift Intl Chic. & N. Wn TAS LeoRwy & Eel Spgs Stl. Spes. Pf. Hay R.rt Fen Washington Post Spelen T New York St. P & Om Remington Chile Repub China Copper Baneluett Motor Tr Ea Coca Cotla Robert Reis Bae BM Io Golo Royal Dutch N Columbia Gas R. J. Reynolds Columbia Graph St. Joseph Lea Colum Gorn Products Sears-Roebuck Philadelphia Gonden & Co Seneca Copper Crucible Steel Shell Trad. & Tran Sinclair Conso Cuba Siosa Sheffield Carexport Southern Railway Hector CoolDel de Beers M- Scopetroit Edison Standard Oil N. J Stewart Warner. Ag Ae Stromberg Elk- Horn Studebaker Bibhat BTS B.T Southern Emer Brant Tih Findicott Erie Superior Rie Spicer Mtg. Co Sweets Co Famous Players Fed. Min. & Sm Texas Co Fister Pexag & Pacific Tex Pac C Third Avenue Gaston W. & W St.l & W Ct Das Sa L. & W.pf.ct Trans. & Williams Motora Motors Union Pacific Goodrich Union Pacific Pf. Pees Goodrich BR. F. Pt. Po Union Tank Car Hye BS Granby Gomel Lypoagray & Davia Great Northn Hendee Ind . Aleo Zoo S Realty Houston Hupp Inapira Interboro Connel Varadtum Con van Raaite Somnus Eng Caro Chem Ir. C Ivadou, Inc Tntl Arveater Irn Merc Marins Wabash Pf Hier Wabash Pf B. Zu West Farvians Wy UI IL Paner Atp Mdaa Paper Wester Pacific Pf Jewa. Central L. BE Indswilsen & Co Willys-Overla Koo Kavser_ pf Woolner Kelly Spr. Tire Worth P. Pf. B Mack Motor Wright Aero Corthy Agaiuat Foreign Exchange Great Britain France Italy Belgium Germany Hanana Norway Sweden Denmark Switzerland Spain Greece Poland Czechoslovakia Argentine Brazil Montreal

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