, 1922-09-19
STOCKS REGAIN
LOST GROUND
Upturn Follows More Favor
able Situltion in Near
East. Report.

NEW YORK. Sept. i9-seling
nom .Decuiafive sources having
practically ceased. the stock market
toaav had 4 natural rebound with h
upturu accomplished bn a reduced
volume Of business More favorable
s-evelouments IN the Near East sit
uaton combined with the elimination
o. a number OF weakened speculative
accounts contributed to the more
cheerful sentiment Sales appro1t
mated 100000 shares
Renewed buying OF gas. motor and
oil shares impaired a Stimulating IN
1uence 20 dealings in h final hour
when the best prices Of the session
were established Mexican Petroleum
had been pushed up 4 points and
Burns Brothers A. = while gains OF
, points were made by Baldwin. Con-
aoiidatsd Gas. Illinois Central. Gulf
States Steel. Corn Products, Ameri-
can Wooden and Austin Nichols. The
close WIS strong.
NEW YORK, Sept. 1s-StSngth-
eninE OF foreign exchange rates IN
European and local centers refreshing
an tasing OF the tension IN the Near
East situation. resulted in a slight
hardening OF prices in today's early
dealings on the stock exchange Ran
shares made the best recovery from
tks heavfness which spread over yes
terday.s list gains Of one 10 two points
being recorded by Union Pacific,
Louisville and Nashvil1e. Rock island
and Sehboard Air Line preferred.
OILS. gas and some OF the steel shares
also moved TO higher improvement
being noted IN Cosden. Royal Dutch.
Mexican Petroleum, United States
Steel common. Lackawanna- Laclede
Gas and Consolidated Gas. Adams
Express Beechnut made substantial
in the speciality groups.
Bethlehem ana Vanadium Steels were
f~ractionaily lower with Allied Chsmi-
cal. Virginia. CAROLINA Chemical pre-
ferred. Austin Nichols. Continental
Can and Famous Players. Losses of
n point or more took place in the
Zinc and American Sugar.
Prices continued &c harden during
the morning but trading was relative
" quiet. Fresh buying was supplied to-
bRlance the liquidation Of accounts
weakened by yesterdays severe re-
There were no striking indi
t1duRl movements. tho list rising In
AhhHioh NhdcA n fNfaNs hN
nand Tor ran. zinc. public utility. oil.
shipping and Can shares. In addition
to the early leaders, gains OF 1 to 3
were made by American Zinc :
preferred. Butte and Superior. Utah J
Utah Copper. North Am
Producers. and Reflners. {
Standard on of California, Postum
Cereal. American International. Ma
rine preferred, General Electric. Am
Car. May Department Stores.
Steel, New Orleans. Texas and
Mexico and $500 preferred. Call
money opened at 4 per cent.
The bears were more disposed to j,
the advance after midday. ,
bending their efforts against Crucible :
Bethlehem steels and Mexican
ind Pan-American Petroleums which :
/ to 2kh points. This dem
however. failed to under 1
the confidence of The bulls. and
he strong support afforded the gen-
sral list caused the shorts to buy back 9
heir stocks hurriedly: Mexican Pc
rebounded nearly four points n
Standard OIL of New Jersey, Gen :
nal Asphalt, American wooien and 6
United Retail Stores also moved Ut 1,
yard in a spirited fashion. Marking !
Ip of call money rate to five per cent r
to check the improving tend a
OF the market. =