The Washington herald., 1921-10-22
STRENGTHSHADESI;
WEAK PERIODS In
ERRATIe MARKET
Light Volume of Trade Is
Streets Appraisal of
Rail Conference.
OILS STILL ON RISE
Steels and Equipments Are
FrsctionalIy Higher-RaiIs
Recover Losses.
OILS STILL ON RISE

NEW YORK, Oct. 2I.-An h.
regular, professional stock, market.
Displaying more points Of strength
than weakness and lcss active than
any session since the holiday last
week, represented wan Street's an
praisal Of the importance Of the
unsuccessful conference between
the Railway Labor Board and the
union chiefs. Rails sustained losses
ranging Up to q point IN the early
trading but recsvered before mid
day. The oils continued upward
and the steels and equipments were
fractionAily higher. Specialties such
al General Electric, Mexican Pc
troleum. Haskell and Barker, and
United Retail Stores executed
broad upward movements. partly AZ
the expense Of the short interest
Haskell and Barker.
A sharp rise In Haskell and Bar
ker. stock in the early trading to-
day added to the mystery which
surrounded the advance OF points
during the frst four days * tN'S
week The stock started lodosr
with q net gain OF y at g.. aEd
was quickly bid up to s.. AL
sorts OF explanations were brought
forth today. but none Of thou was
confidently expressed. Tho ran1
all the way from the exist rus ~
. strong bull pool In back 4 lhc
stock down 70 q report that gHe I--
terests Identified with the American
Car and Foundry Company we're
buying with a view TO obiaIuin
control. A director Of the aon.-
pany was asked what he knew o.
- -
p2ny was contemplating an inVTsssfe
In the cash dividend or the pay
ment OF q stock dividend. and he
promptly Confessed ignorance OF
any such plans. President Carry's
statement that the company was
not receiving any exceptional
amount Of orders but that q de-
mand was likely TO spring up over
night did not detract from the
mystery SURROUNDING the rise In
Haskell and Barker stock. HIS
statement. whether construed as
bulliSh or otherwise. would apply
with equal force to the other equip
ment companies.
Rail COnfab.
Bearishly inclined traders and
commission houses claimed that tho
failure OF the Railway Labor Board
conference to come to an agree
ment with labor chiefs brought
the problem back to its status Of
Monday morning and therefor.
called for the undoing OF whatever
recovery had taken place UP TO the
close yesterday. But the majority
opinion. which was backed in a
practical way II the days market
is any criterion. stin leaned toward
a satisfactory settlement before the
day set for the strike. Most OBJ
servers in Wall Street held that
none OF the parties concerned ~
this controversy wants Il 70 come
to the point OF a general strike
and for that reason there will shA-
no strike. that all that is needs-d-
is the pursuance Of a tactful polt-'-
by the only logical Intermediary
agency-in this case the govern
ment-
American Ice Company common
was one OF the stocks which sold
higher yesterday than at any time
since January 1. This stock went
further today, establishing a price
record the equal OF which has not
been made since the bull market
OF 1919. A forecast Of results for
the fiscal year which will end on
| October 81 was brought out TO-DAY.
II estimated sales at S1s.Soo.ooo a.
against actual sales aggreEatinS'
Sl5,4Oo.O 900 in the last fiscal year-
! On this latter volume Of business
the company earned at the rate ot
t11.I5 share on the common
stock.