Norwich bulletin., 1922-08-22
A Bulletin Want
 Advertisement Will Get Il
FINANCIAL AND CONMERCIA.
MARKET wxs STRONG
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 New York, Aug. 2l.-Resumption of public buying. which came from all parts of the country and apparently was based on the improved strike situation and the prospect of great industrial expansion this fall teday furnished the stock market with the impetus that sent nearly three score seasoned shares Co tasfr higi- est levels of the year in, total sales ap- proxlmatihe. nearly. Ieee, ,00o shares It was the biggest buying Dlovement- since the end of the speculative period two months ago.. -
 The strength Of the, present market is attributed in part 10 the. comparatively light floating supply of popular shares. several large recently accumulations having been withdrawn for investment purposes. Another feature which has attracted widespread -attention Is the aolhty Of many stocks to advaDee sub stantially on comparatively small trans. actions. indicating that no impo. ant llquidatior is taking place and iii1t present stockholders are not tempted to take protits...a ,,;... ,,+
 Virtually all the active rail 1ssues l broke through to the years best prices in | a steadily advancing market C0alers and grangers were in the most demand. gains of to l-f poipss being scored b. | Baltimore and Ohio common and pre- Ser red, Atlantic Coast Line. Canadian pa- ciic, Union Pacific, Northern Pacific Jer- sey Central. Chesapeake and Ohio, Chica- go and Northwestern. Chicago Milwaukee and St Paul. Delaware and Hudson. Great Northern preferred. Louisville aud Nashvjl.e, New Ha=en, Peoria and Fact ern and a few others.
 Equipmen shares followed in the wake of the rails, American, Lima and. Bald win Locomotives. Railway Steel Spring ! A Arr1ar r-f7cf1 mounting to new high ground on expec.- ed resumption of large orders from the principal railway systems.
 Public utilities also attracted a large following, Columbia Gas selling st it: highest price for all time while Con , solidated and Pacific Gas selling at il. r highest price for all time. while Consoli | dated and Pacific Gas each bettered thei previous high prices. American Woolel and Allied Chemical rose to new high , under the additional incentive of the sen ate's action in raising tariff duties ol those products
 : Domestic offs responded to the belle
 that crude oil price cuts are over an :. that the general price tendency froI = now on will be upward. Shares of com R panies possessing facilities to convel q crude oil into gasoline and other prS
 duets were strong in expectation of il fl creased earning.
 }. Copper and independent steels stock Fl which showed only normal changes. all ?; shipping shares, which continued to r, l fleet recent selling pressure. were tr ; only general exceptions to the defili e upward trend.
 Unusual activity in stocks and bont
 brought more demands for call none l. which opened at 14t per cent. and al
 vanced to 4 in. the final hour Tin
 money rates were virtually unchang
 with a comparatively small amount
 business being transacted Little denaI
 was also noted for commercial paper. : Demand sterling continued to imp-o in tone in response to heavy Ameri..
 purchases of British coal and rubb:
 Other allied curreneIes were slight
 higher. and Czecho-Slovakian crow
 were quoted at 3.ss s-4. new high T lcord.