, 1922-08-29
STOCKS SCORE
GAIN IN MART
Improvement in Industrial
Situation Leads to Up
ward Movement.

M" 1OEAANH aug @N"lARAh
registered a substantial advance in
todAy's markst in recognition OF I'M
provsment In the Industrial situation
and definite assurance that no imme
date seizure OF railroads and cal
mines was contemplated by the gov
Gains OF ono to fIv points
we're scored by . number OF active
Ls.uea. with another long array OF
stocks breaking 10 new high records
for the yer. sales approximated
100000 shares-
The advance In prices gained mo
mentun curing the Atternoon In re-
sponss 20 a brisk eaaan for rails
oils. equipments and specially shAres-
.OtiS Elevator Jumped seven points.
while gains OF three points or more
we're made by Mexican Petroleum
Auied Chemical, May Department
store. and Corn ProductA The clos
ing was front
NEW YORK. Aug. "a strong
tone prevailed at the opening Of the
New York stock exchange today. re-
fiectinE the better prospects for peace
n the anthracite fields and the more
favorable Industrial news. Steel
nfOCAA HEIt III EtA1
rising two points with smaller gains
being recorded by United States Steel
ard Eone Of the independent shares.
Trading in rails wss comparatively
light. slight fractional gains being the
rule. Speculative favorites also rnoved
to higher ground. Mexican Petroleum
Advancing ~, while substantial frac-
tional gains were made by Baldwin
and Studebaker. North American
broke through TO another new high al
a sain Of IL paints. while gains OF a
point each were scored by American
Smelling and Remington Typewriter
Coca Cola receded a point. presumably
in to speculative disappoint-
ment over the directors action in not
declaring an extra dividend.
Evidence OF increasing confidence
IN both investment and speculative
quarters WAS shown by the steady
rise Of most stocks during the fore
noon. Crowdlng of HI short interest
in steels, equipments and oils resulted
in some excellera cams when the
bears began to ecove Rails also
made substantial recoveries from re
cent heavinoss, apparently rejecting
the relief felt over the virtual ellnli-
nation of the prospect for government
interference4 Chicago and North
western climbed 5 points. while gains
of l to III were made by Northern
Pacific, Union Pacific. New Haven.
Atlantic Coast Line. Reading. Great
Northern preferred and Louisville and
Nashville. Other individual strong
spots, al lat gains OF two points or
moro. were Gulf Steel. American Car.
Baldwin, Pullman. American Ice.
Corn Products, Ksyser and National
Lead. There were few exceptions TO
the general upward trend, Console
dated Cos dropping IL points, lowell
Tea Ak, the preferred five. n Ma
tionni Biscuit ,. Call money opened
and renewed at sE per cent
Buying in anticipation of higher div
idend payments and aggressive pool
operations caused a further marked
rise in prices IN h afternoon. espe-
cielly In the public utility group. High
records for the year were registered
by many OF these issues as well as
numerous other industriAls. North
American improved 81 points, West
srn Union AZ. Cluett-Peabody SA and
United ta4es Pipe common and pre-
ferred, Famous Players and United
Retail Stores 2 to 2h points. Jewell
Tea preferred extended its break TO
10 points while Atlanta Gulf hnd Ma
II preferred were also depressed i
to IN polntA-