New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-22
|,tock Prices
Recover Part
OF Early Drop
-. However, Shows am
Irregular Tendency, With
same Shares Scoring
Good Gains for Season

.xn,sv OF traders TO move stock
=. wisheus regard to Developments
i. railroad and coal strikes was
.s,a yesterday, but without decisive
~. The coincidence Of overnight
,ast efforts toward settlement
4. proving futile and an early break
=. ouotations Of speculative securi-
~. The superficial appearance of
letting that the market had aban-
"a a. attitude Of difidence toward
-, labor difficulties. The subse-
.s,,. peterins out of this decline and
!. ,xturn 10 the advance of several
~, specialties without alteration in
i. strike position challenged the cor
..,..s Of this Interpretation and
..r,ed the break as no more than a
- setback arising from technical
editions.
uos,acation Of early tendencies left
4. market confused and drifting, but
,,srs the close speculation for the
i, ves again the dominant force.
a.. uss reflected in general recov-
- Il At least part of the initial losses
"A IN net advances of point or more
!. number Of representative stocks
n.,,iuss exceeded gains at the finish,
-, rsre usually of smaller extent.
,,sus.ral shares suffered more severe
!, Than did railroad stocks, the COM
pred sverags for these groups, en-
,,scing fifty stocks, going off from
g2s to 1888. Recently advanced IA
writes experienced the full force of
a. mornings reaction but were among
6s first 10 turn upward again. A few
soess stood out, either for strength or
s,akness, from the mixed movements
4, the day. Pennsylvania, touching a
sss high for the year, was in demand
throughout, while Pierce-Arrow, in con-
sn,t, was subjected to persistent
nling.
|. was significant perhaps Of the
,hiiting character of market factors
.hsi the news Of the fling Of volun-
ary petition in bankruptcy by Allan
A. Ryan & Co., made public before the
dose, was without great influence
This action, involving a broker who
tso years ago was an outstanding fac
nf, furnished traders with an unusual
y savory topic of conversation, bu,
10 more than that.
Investment securities displayed g
much more settled tone than did
stocks, strength being evident in sew.
sfs divisions and notably in Liberty
bonds, three of which touched new
peaks. Easy money is the stimulus te
demand in this department of the Sc.
euritiss market, and bankers count
upon 1t to hold SO long as the current
strikes restrain the demands of trade
and industry for ommodations. Bono
prices now are more influenced By
ns recent lowering Of charges on tim,
loans and Of the commercial pape.
NE than by the call loan rate, which
H'ssfday held firm at per cent.
hsforeign exchanges were dull an
a'y appreciation in response to tn
hp''!sd acceptance by Germany O
Allied financial supervision was dissi
Rtd before the close. The financial
district, however, regards recent event
- bringing closer to a decision thai
previously the political and economi
complexities of the European situation
Prices Of wheat and cotton wen
lever Quotations on the former com
modify ran the entire gamut of fiuctua
a0ns' opening strong on the unfavor
s0ls strike outlook and giving groun.
pelore selling ascribed In the main b
b single house. Conflicting influence,
we're operative in the cotton market
Out the slightness of trade demand
sna 'ne strike situation finally over
Da'aaeeo weather and crop news con
au'ive Of an advance. Final price,
were SO to 4e points mot 1or.r