Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-01
SMALLLOSSES
FEATURE STOCK
MARKET DEALS
Northern Pacific Holds Firm,
but General Tone Is Re-
dictionary.
Special 70 Indiana Daily Times
and Philadelphia Public Ledger.
BY MONITOR.

NEW YORK, Dec. with the ex-
ception of isolated examples of strength
among the rails and a few specialties, the
general tone of the stock market again
was reactionarS. RecessiOns were mostly
Of fractional character, with scattered
examples of weakness here and there.
International Paper, Dawson Chemical
and United Drug were weak, and Sears
Roebuck again broke sharply, but recov-
red most of the loss before the close.
Northern Pacific was the strongest Of
G rails and the outstanding feature of
le whole market for that matter. Buy
G was based on expectations relating
the dividend today on the Burlington
took. Local anticipations have been
somewhat iniamed by Chicago advices
predicting an extra disbursement Of
substantial character. There was a good
demand for New Haven in early trading,
but this stock reacted along with the
rest of the market toward the close. To-
bacco stocks were quite active. although
their course was irregular, with the ex-
ception Of General Cigar which advanced
more than four points. Columbia Gas
and Electric advanced to new high levels
on the announcement of an advance in
rates granted by the Cincinnati city coun-
ell to its operating subsidiary at that
point.
Foreign exchanges were substantially
higher, with sterling crossing 81 and
francs and marks notably Strong. The
conferences in London with representa-
tives of German financial interests, fur
nished the explanation for the strength
in all three OF these currencies.
The weekly review of the Iron Age re-
cords little change in the existing situa
ton and its chief feature of a cheerful
character is reference to expectations OF
new buying from the railroad companies
and oil industry. 1921, by
Public Ledger Company.
Directors Of the Chicago, Burlington &
Quincy railroad were to meet in Chi
cago today and declare the regular
dividend of So a share, according to
authoritative sources in this city.
Reports have been prevalent for more
than q week that inside selling was in
progress in Mexican Petroleum When
the price broke to 112 a number of stop
loss orders were caught resulting In Il
decline below 10. Short covering In the
last half hour forced an advance OF
nearly points.
Tomorrow the members Of the New
York Cotton Exchange will vote to accept
or reject the plans Of the building COM
mittee for the contemplated new home
of the that organization. The plans call
for the construction of an edifice which
will not only house the exchange, but
will provide office space. Estimates
place the cost at approximately S4O0O,OOO.
Columbia Gas was one of the specialties
which advanced in the face of declines in
the general list. Large buying orders
made their appearance on a report that
the company had cOnsummated a new
contract with the approval of the
authorities at Cincinnati fixing the rate
of natural gas at an increased rate.
Today there is due the interest on So
COO COO convert BILE debenture gold IS of
the Atlantic Fruit Company. 1t Is an
nounced that the interest will not be paid.
The lack Of support which has been
evident in Dawson Chemical continues.
Not until the o~AtatiOn had broken
under 30 was tn any evident demand
for the stock.
A special meeting of the stockholders
of the Haskell & Barker Company has
been called for JAN 1 in this city TO ap-
prove the proposal G. the Pullman Com
pany to buy the former.