Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-21
Wall sTnnnT REVIEW.

l tH+Etr atLr4sIr "hE.Nr OBSERVATION-DISCLOSURES
moved with an cratic trend In this
weeks market because of the heavy
speculation in high priced shares. based
on declarations of stock dividends and
were shaded. selling being attributed
to large institutions desiring to provide
for more funds to meet the increasing
demands for commercial credit and to a
government ~ per cent bonds 81
Industrial stocks reached. "a new high
average for. the year on Monday but the
rapidity OF the advance at that time
convtnced professional traders at had
gone too far and consequently TIE trend
Of the next three days was reactionary,
setting n: on Friday. morning.
M. yiS1snt P nSs5satI0n an8 3f s ss1a st0s 81 e. e
New Jersey and the fall Of the Lloyd.
George ministry undoubtedly kept many,
small traders away although a good In
vest sSar. dem sS,on YVES as - noted hesn fGS saal'
There was little change in the domes-
tic business situation! VI XXI, : n
Rubber and tire stocks have been
price Of crude rubber. Little. change
leaders cf the industry expect steady
Improvement from now on; The crude
Oil output continues to increase n
gasoline prices are dropping.
The marking UP OF The call money
rate to 6 per cent WIS the result of the
shifting OF. funds due to heavy govern
lier in the week. Bankers are nov ask
ing 5 per cent for time money for the
longer maturities although a.little bust
ness is being done at Az and ~ for
paper Is hsf Quoted tein At II h'i per cent? e1a.'NeF''A
Sterling exchange shown material
improvement despite d temporary set
back resulting from DEMONSTRATION Of
n 11ryI H4@~>@ ~AlfA1 80 n~v - In
ing presses probably accounts for tho
further depreciation Of German marks.
which were quoted yesterday at IN
cents a hundred, a new low record.
STOCK. y
New York, Oct. 21.-Trading in today's
brief session of the stock market was
again irregular due to struggle for SUI
premacy by opposing speculative forces.
High priced stocks continued to lead the
upward swing. Jersey Central, climbing
nine points to a new high record, Mex.
levels since 1918 on a gain Of 3 points,
National Biscuit improving 4 points,
National Enameling 3h and Pullman 3.
Speculative selling Of special stocks, no.
|cific and Marland Oils. Reynolds Tobac-
co. Marine preferred and Great North.
ern ore. the last named dropping 4
ters save the market a spotty appear
Sales appropriated $50, 900 shares,
Early price, changes in today's stock
market were irregular. Good buying
was noted in shares Of coal carrying
railroads n public utility, oil and
equipment companies. New high records
we're made IN the first few minutes by
American, B, Corn Products. National
Enamelins and Jones Brothers Tea.
In addition to the further one point
rise in Reading the rail group was fea-
tured by a 4 point jump in Jersey Cen
trail and a gain of nearly IN points
by Lehigh Valley. Brooklyn Union Gas
and Consolidated Gas advanced more
than 2 points each and Baldwin and
Pullman were up IL and 1S. respec-
lively. Mexican Petroleum was pushed
up 2 points and the Pan American shares
more than one, while Cosden, $500
shares of which changed and at 49T.
then rose to sou, a net gain Of 1 point.
Selling of Studebaker and Pacific Oil.
each OF which were carried down 2
points caused some i~rregularity toward
the end. Of the first hour F.. National
Biscuit Wells Fargo, Western Union
and Manhattan Shirt also were heavy.
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