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This newspaper page contains 7 articles. Subscribers can read the full text of each article.

Newspaper

Washington Post

Location

Washington, Washington Dc, United States of America

Date

May 16, 1922

Page

5

Mount Vernon Bank Two Year Anniversary and Exchange Notes

Mount Vernon Bank marks its second anniversary with a Washington district event at the Harrington hotel where officers report assets around 2.093 million dollars and discuss gains since opening. Separately investors show renewed interest in Washington Railway preferred stock, trading near a yearly high with a 5 percent dividend and strong backing by Potomac Electric Power Company.

Rallyway Washington Railway Local Exchange Tlg Railway Preferred Washington Exchange Potomac Electric Power Company Lanston Mergenthiler Washington Gas

Cotton futures reach new highs on unsettled weather and demand

New York reports active buying in the cotton market as rain in the Southwest and bullish trade news lift prices. May contracts to 20.97, October at 20.40 with gains around 75 to 10 points, while May/October close near sale highs and exporters take all offered in the South. Exports for the day near 10,031. Baltimore markets list dairy and produce prices across butter, eggs, and other staples.

New York Liverpool Austin Waco Tex Manchester Houssa Mentheras Rss

Market Review: Interborough Securities Lead New Issues

In New York May 15 traders watched initial trading of securities to be issued under the Interborough Rapid Transit readjustment plan. IRT stock voting trust certificates opened at 10.30 and rose to 10.77. new ten year 6 percent notes opened at 71 and moved to 77. American Drug Stores and Dantela Motors drew strong interest with new highs. Tobacco Products exports rose over 1 point to 20, Philip Morris opened at 184 and fell on profit taking. Radio common held at 51.5 and 51.5, Goldwyn Pictures traded 94 to 94.4. Independent oils saw heavy activity with Mutual Refining at 9. The Salt Creek issue moved 18 to 18. Imperial Oil Canada traded 1.16 to 1.44. Carib Syndicate steady 6 to 7. Marine Oil absorption rumors denied by related interests.

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Chicago Grain Market Sees May Wheat Slump After Settlement Appeal

Chicago May wheat prices fell amid an appeal by Julius Barnes for settling May contracts near the current value in domestic and foreign trade. May slipped to 1.43% and July to 1.2644, with corn up modestly and oats down slightly as provisions varied. The session showed a weaker trend from the start to close with a net decline overall.

Chicago Jefly Julius Barnes Federal Gorn

Markets Report Philadelphia and Rural Prices Mixed

Receipts for the week show 1 628 calves against 1 447 last week with a fair supply and a steady tone. Philadelphia markets list flour hay poultry butter eggs and produce with steady to firm tones and varied quotes across grades and regions.

London Market Review Opens With Mixed Early Trading

London May 15 special cable dispatch reports the market opening with a bright stack mar 6 and stocks to the front, but the Ge toa news has a restrictive effect on trading sentiment and limited price movement for the session.

London Getoa

Market Notes on Gilt-Edge and Foreign Bond Moves

The opening trading day saw easier gilt-edge volume and firmer foreign bonds as French francs strengthened. Home rails rose with some late corrective dips. industrials showed little promise while steel and engineering remained idle. Commodities like Mexican and Shell bonds fluctuated. African miners improved, others stagnant. Lombard street credit remained abundant. overnight rates at 1 percent, day-to-day 2½ percent. Silver rose to 36 1/2 and 86 for spot and forward. Foreign exchange rates were quoted for New York Paris and Berlin.

Spollar Canadian Pacific Bhells Royal Dutch Lombard Street Bar Ailver New York Paris Berlin Fubjfe POST

Also Mentioned on This Page

Bank Association Mount Vernon Bank Hy Morris H. Glazer District of Columbia Bankers Association Washington Masonic Temple Thirteenth Street New York Avenue F Street Victor B. Tdaybel Association Hangers Association Mt Vernon Bank Dinater Mount Vernon Savings Bank Harrington Hotel Golden Odonaldson Woalliam Muehlheisen William R Baum Edward Vogt American Commercial and Savings Bank Willard Stevenson E Ward National Bank of Commerce New Weale Unitedate Bisic Indus United States United States Boat of Warkers Buona Baltimore Helfera Thoire Pennsylvania Boring Lambe NEW York Exchange West Virginia Virginia Nadie Northern Southern Financial Philadelphia Western City Mills Sarne Zellow London Market Review William S. Phillips N.W New York Stock Exchange Fifteenth Street N. W Washington Telephone, Main Guaranty Trust Company Broadway Tobacco Products Corporation
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