Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-21
GENERAk PROFIT
TAKING MOVEMENT
Market for Highly Speculative
Stocks Found Comparatively
Narrow and Thin

A~UW IVVN. July sl.-ln ne certain ue-
gree Of confusion characterizing price
movement in today's stock market was
reflection Of the conflicting cross cur
rents injected into the market situation
as well as emphasizing the ultra pro-
fessional calibcr Of the current specula-
ton. At different intervals the ten
dency was Of pronounced reactionnry
character. The large selling orders
which came into the market indicated
In measure greater apprehension in
the financial district over the labor
situation than had previously been evil
denced.
From the very outset 1t was evident
| there was much less tendency on the
up the various specialties as noted re-
| Gently. On the contrary, they were
strongly disposed to take profits and,
In doing so. they found the market for
many Of these selected issues COM
| paratively narrow and thin. The in
clination to take profits was the more
pronounced because the traders who
| were going away for the week end did
| not apparently care to remain long Of
highly speculative stocks with the rail-
road and coal labor situation in as
serious state ns they were. However,
while the labor question had its dis.
! appointing side the more serious aspect
was Offset somewhat by favorable trade
reps anu lhpIo.eu earnlrs p"S..,Ji 5
eSealeh IN tne s.utenei'S vi ,nu leaL ,I .
ing inuustrlal concerns espec'ui's 'ne
'''i ti.h hnu IRON pa"ius. I,a,,,,;,s =. .,o ,oo,
NItuousn iupor uI.n,ul'len n' ,ue r,,,, uTu
,.eS ..ne mure i IN iui. . sm,ns .ar,S sh ou J"''
s. aTea, w ~. csn en- .,, ,.ortora
~ .asase y. go" I,on' ,o,, .no p,., ~ a.
aeporoii aepoi .nM. nso.a,S r'o, aS r innnods ,,tn
shn nar snnn, n Ea dasn;ta n ,he foii,na a. IN
con, con loodippeps' dpp' ' Tbau anoin tbe frmer
n,",. ,,a.so, a,a,.,sea no,aJ Co. ,ha
,wo nrecod;ne davs nroveJ ~ no onotber
aee ,sue u".S 80 ;,a a,,.,oa ,rLioh
| uas a. s,,,, orornoro rnii ,,oror th,s
ono,oJ "a rono,rnd ,,,o az ron. ~ ,,.oo,' 'n, ~
4 nor cant and fror, nlI acco,nts nos
I, pn,ou,;f,,, "u .,rni, % :, ~" .ha, u,.. St
COW r.s d. nros, .al,t. ' ,ora,,,. -
rho nrofess;nnni troders moJo tbe mor.
ta, renniraments rnrresnnnd,noIv ios !.
urgent Than in some of The other davs
while rho market was rising
The most ASTONISHING features ~ .be
market was tho continued nronomnced
strength of railroad stocks Most y,
the active issues We're onIv fractionall,
lower and n few we're oven sIichti,
above last nieht's close Tho stce
stocks which Ind been co,sn;cronsI,
strong for several Joys vera M ny.
cantiors 70 tho aororol lief of indrs
trials Eeorlv nj, of Thorn voro hiube,
!, ~ oo,ir trad;no hut hsforo MA
10 u.ora ~ fror, 70 . nointa S,ee
"n,,,,,on soId ot 100 b,,, d;d no, boI,
,born ,arv io,r Tbsro wos nartic,,
InrIv wiio mnyomort IN Wsxtcon Do,
,roiarr, ovon for thot ;ssuo r. mn,
.nsLod go, ro,i,Ii, hotwoon o,d
nnints w NJ r,-oai md Jronnod q. omicL,,
- Ic-l Tto nr;ce chanoos In III,
%, .,a,;oor issros yaro not CO ,rid,
hnt otte. an eorl, advance tbev sol1
~ s' aIso p;orca. ! rror coumon az,
wv nro,erred rere about rho weakest faa
,rra - ,ho wboIn market rho forme
dronnnd rr.T "a Ia 20 10 md tho nrefarre,
oi n,;rts Mack Trucx was ono a
,hs fau. issues that advnnced MATERIAL,
ond ,nu 'ba bo,d ~ cain II was ouotcd be
Sora amu r,'I n,iI dn, ot . noints above Tburs
Iov,s nlose