The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-06-15
.H|GHFR TREND OF PRICES MARKS
DAYsDEAUNGS IN STOCK MARkET

New York. June l4-Subjec; 10 inter-
yaIs Of profit ta&.nS. additional recoF-
cries OF one 70 three points acconpan-
led todays moderately active and very
broad stock market extensive covering
OF short contracts being pronounced
factor Sales amounted to 9'3'VoO
shares.
The higher trend was manifest from
the outse, and confirmed the growing
conviction that the previous days sharp
setback was really in the nature OF d
much needed readjuslmcrt o; an I'M
wie,dy technical position.
Ous, motors and rails were the most
promincn, features hu; the movement
asa enconpaSsed many OF the moor
subsidiaries feathers. textiles. cOpperS.
utilities, food spcciaitscs and i'Sues vi
70 especial classification.
studeoaksr tho Feature
Realizing VAS mos, evident n the
final hour, when money tendencies were
armcr. but ne, gains OF one 20 wv"
. points were made by many leaders.
Siudc2aker WAS the outstanding re|-
lure. retaining the better part OF It's
advance OF almost five points.
Gail m"Hcy opened at three per cent
that quotation prevailing until the ses-
SION MAS we'll nigh spent. when the rate
rose 10 four per cent presumably as
result III iomorrows heavy drain on
local banks TO NEE, fedora! interest
payments.
Resumption Of dividends on Sinclair
OI and an increase OF thc regular dis
hursemeut on Dome mines were among
The days favorable incidents, but the
failure OF the New York Central direc-
tors to declare an increased dividend
was something % \ disappointment.
Sh.ppings shared moderately IN the
days business but those issues we're
retarded by the annual Statemen; -: me
Mercantile Marine company. coupled
with the pesSjmist:c views OF that com
panys CHIEF executive respecting the
vurreut years operations.
Improvement in the principal foreign
exchanges VAS general, but quite mod
crate. Sterling rates were halt cent
over yesterdays low quotations and the
allied rcmit,anccs were = TO ; points
higher. German marks also showing
some frmness Most OF the neutra!s
and the Greek rate was heaviest oc all
eastern European Currcncies.
Mexican Bonds Gain
Progress OF the negotiations for 4
readjustment Of the Mexican govern
ment's foreign deb; made those issues
the central features OF today's active
and generally high bond market.
ON steady accumulation the fours
made net gain OF points: the ceGu-
lar lvcs rose 81 points and the ',arge'
hveS advanced . points.
Strength among other foreign loans
was represented By cuban Republic
ii2 s. French government 7.s's, several
OF the French municipalS and pom:n-
ion OF Canada 1918 issues.
Among domestic rails, New Haven IS
rose 81. points and advances OF ono
point or better accompanied the buying
of Baltimore < Ohio 6'S. Chicago < Al
ton Sts's. Peoria 4 Eastern incomes. In
ternationa, Great Northern adjustments
Cuba cane sugar SIS. Atlantic Fruit IS
GnC Brooklyn Rapid Transit IS.
Reactionary tendencies were limited
10 Kansas City Southern 6's which
dropped q: points. United Drug SIS. In
Peterborough Rapid Transit IS. Missouri
Pacific IS and Southern Railway SIS.
Liberty 3ia's came within small
fraction OF their recent record price.
but majority Of THAI group eased
slightly al the close.
The one noteworthy new underwriting
o. the day was the Cleveland Union
Terminals first mortgage sl2.oeGQ0o Eve
and = half per cen: bond issue. which
vas Immediately sold n Pablo offer
ing.
Tc,aI Sa.es ,pag vaiae) aggregated
Sf.5S5.Qgo.