The Washington herald., 1922-03-12
RAIL ISSUES AGAIN..
RULESTOCK MART
IN ACTIVE SESSION
Maintain Previous Gains
And Add Thereto in
Instances.
EQUIPMENTS FIRM
Copper and Sugar Stocks Also
Well Bought-Foreign Ex-
change Is Quieter.

NEW YORK. March 1l-Yester-
days strength in stocks was con-
tinued this morning In . session
which was rather more active than
In usually the Ncase on Saturdays.
Rails maintained their gains and In
several Instances added thereto
while equipments also were nrm.
Copper shares and sugar stocks
were well taken. Among the fol-
eign exchanges . quiet condition
exists with the Europeans irregular.
The allied currencies weaker, ster-
ling losing y Of q cent At Assn.
and French francs dropping back 3
points to s.s1h cents. German
marks declined y Of q point 90
.03slk Of q cent The Scandinavia
exchanges on the other hand were
firm. as were those Of Holland and
Switzerland. Wheat reacted about
! cent. but rallied well, and May
was practically unchanged at sI.S7.
Cotton was slightly lower. the May
future losing 6 points at 1900 cents.
Meaey Cssditfs.s.
Money conditions developed pro-
nounced essiness during the past
week. call money yesterday renew
ing at per cent and new loans
were arranged at 81 per cent, the
lowest rates touched since January
1s. when the quotations were at the
same figures. There was an easier
tone too. to the time money market
yesterday. moderate amounts OF
time money being placed AZ 't[.
and during the week a good volume
of business was transacted at per
cent. Brokers making a speciality
Of banking accommodation stated
that this easing on in money con-
ditions 10 similar to that which has
been noted prior to all income pay
ment periods and they attributed
the increased supply in the Wall
Street district 70 accumulation OF
funds in connection with payments
to be made next Wednesday. II the
usual course Is followed the mar
ket should hold easy during the
coming week. as experience has
shown that checks deposited for in
come tax payments are not cashed
by the, government several days
after their receipt. which makes IL
probable that the first drain on the
hanks will be noted a week from
Monday. II was stated by these in
terests that there has been little ~
any increase in Wall Street borrow
ings compared with a year ago. al
though bullish operations have been
in progress for several months and
they attribute this condition to an
absence Of offerings from outside
holdings. leaving the amount OF Sc
curities in Wall Street practically
unchanged.
American safety Razor.
transactions in American Safety
Razor in the past few days have
been on an unusually large scas
ard that stock was more active
than at any preceding time snce
the beginning OF the year. This
activity and strength was attributed
to knowledge OF current earnings
which are said TO be now at the
rate Of $3.50 on the stock. The re-
port for 1891 is expected to he pub
lished within a short time and all
| though interest concerned in the
property state that IL will record
conditions similar to those shown
J by other industrial corporations.
that IL passed the year without loss
and that the balance sheet will
show a strong financial position Of
| the corporation. The quick assets
| Of the company are placed at three
times the amount Of current in