The Washington herald., 1920-04-24
STOCKS BREAK
ATTHE CLOSE
Renewed Selling on Large
Scale Forces Many Issues
To Lower Levels.
WHELAN STOCKS WEAK
Reports Of Inside Liquida-
ton Follow Trend in
These Securities.

New York, April 23.-Although
Wall Streets various organs con-
tinue to grind out builish music"
today's stock market distinctly
displayed the fact that insiders are
trying every conceivable way to
get out from under. Short cover
ing and holding the bag by some
interests for the purpose of main
tainings a semblance of strength in
various issues while the old un-
loading process was working over
time in other stocks had a fairly
good effect until the last half hour
or so of trading, when values gave
way rapidly.
In this connection it might be
said with some degree of accuracy
that Wall Streets organ grinders
have not beenEery successful In
soothing the lamb. at least not
to the extent of enticing him into
the stock market to the extent they
would like to have him. This docs
not mean to infer, however. that
the public Is not in the market.
on the long side of stocks, and
always win be no matter how many
times they get stung. But for
viduals are comparatively few.
The whelan Stocks.
There is an air OF mystery sur
rounding the Whelan pets-Ameri-
can Tobacco Securities and United
Retail Stores. At least so-called
whelan interests are endeavoring
to create a mysterious anomaly.
Just what this signifies is problem
atical. but indications are that dis
tribution is the object in view.
This Is especially so with regard to
United Retail Stores. This stock has
shown signs of carrying a heavy
load for some days past. In each
instance when the issue has en-
deavored to display the least
been noticeable That this selling
based upon the fact that its decline
has not been the result Of any dis
tinct drives. but has been gradual
II Is a situation well worth watch
ing.
Mexico and the DOheny Stocks.
The situation in Mexico has
reached a serious stage. That goes
without saying This is especially
so in the oil territories. Tampico
and other sections. This situation
was reflected in a precipitate drop
in the Doheny stocks today. When
Pan American Petroleum was SELL
ing around IL. the Doheny press
agent was working overtime, tell
ing wonderful tales. not only of Pan
Pete. but Mexican Pete. as well.
It Is possible that quite a few
~ "a
Of these issues at very much high
or quotations. In this connection.
II is interesting to note that the
Doheny press agent and the Whelan
press agent is one and the same in
dividual It is said that he is a
very busy gentleman at the pres
ent time. There comes a time, how
ever. when even a press agent
reaches his limit.
who Pulled the General Motors
Plugf
Followers Of General Motors are
still in a state of coma. They are
Wondering how 1t all happened.
And II may be mentioned that the
followers of this security reacn
from coast to coast. Naturally. 1t
is only safe to assume that great
est harm within any coterie has be-
fallen the General Motors follow
ers. Talk was rife today of ad-
vices along this line having been
received from many sections from
washington to the Pacific Coast.
There are many angles surround
ing General Motors. at least the
technical position Of General MO
tors stock, in which the public has
not fully acquainted itself: Some
dav. possibly, the public will know