, 1922-08-24

however. the maj SAFES IN these ISSUES
being at or near the days best prices.
The closing was irregular.
NEW YORK. Aug. IA rejection
by railroad executives OF tho railroad
brotherhoods' peace offer impaired a
reactionary trend to Spening prices
on the New York stock exchange.
stecis, oils, tobaccos and some unclass-
filed shares moved to higher ground
but rails. shipping and gas shares sold
at concessions. New HIGHS for the
year ware established by Consolidated
Cigar. Reynolds Tobacco, Dome Mines.
Public Service Of New Jersey. Brown
Shoe and Eastman Kodak Mexican
Petroleum sold off at the opening but
soon strengthened and moved VI n
point with sympathetic advices In Pan
American shares and Houston on. pre-
sumnbly IN response to the settlement
OF the Mexican export tax question.
The advance IN steels which was led
by Crucible with a gain of IL points
was attributed TO improved conditions
and expectations Of higher prices.
Early declines in rails were largely
fractional. Marine preferred dropped
one point to another new level.
The irregular trend continued
through the forenoon. Pool operations
were n potent influence in tho rapid
rise of special stocks but thcro were
also indications OF public buying, ap-
parently predicated on the belief that
railroads generally were In n good
position to continue the movement OF
traffic without further serious inter
ruptions. Oils. Independent steels. mo-
tors. merchandise and public utih-
ties wore in good demand at gains of
1 to . points. Weakness persisted,
however, in the shipping issues. while
chemicals also were subject to reac-
tionary influences. Standard rails
yielded slightly and showed little re-
operative powers. Crucible had *
tended its rise to 3 points before noon
and Studebaker was up 2. Call money
opened and renewed at az per cent.
Strength Of high priced railroads
which improved 1 to 3 points with
several new high records made, con
trasted with the active selling of ship
pings. rubbers and American Tele-
phone in the afternoon. Northern Pa
cifio roso IN to a now high figures
while Canadian Pacific, Atchison.
AhtdaAAAk oAiia4iar ShiSaeo WI AWtoN
ern. Missouri Pacific preferred. and
Ann .s-bor preferred were 1 to 2
points better. Tobaccos also climbed
dividend on Tobacco Products A STICK,
American Telephone made a sudden
downward drive Of four points on the
announcement Of a new took issue OF
$115 .0o0. 900. Marine preferred extend
cd its break to AZ and United States
Rubber and Kelly-springfIeld were
also depressed severely.
Sugar.
NEW YORK. Aug. z4.-sugar fu
lures closet easy; approximate sale,
s5. $50 tons.
Refined sugar displayed weakness
and one refiner was asking for bid
OF $3.50 for fine graduated. although
tho list prices remained at ss.75@7.oo
Metals.
NEW YORK. Aug. 24.-Copper
quiet; electrolytie spot and futures
1sE @14e.
Tin easier. Spot and nearby SAYS
futures s2.sT.
iron steady; prices unchanged.
Lead steady: spot 5.s046.oo.
Zinc steady; East st. Louis spot and
nearby delivery s.so@e.35.
Anthony spot b.25.
Silver. .
NEW FORK. Aug. a4-Foreisn bar
silver 6she; Mexican dollars 5axo.
Foreign Exchange, Easier.
NEW YORK. Aug. 24.-Great Brit
ain demand 4.47&; cables 4.47S; 60
day bills on banks 4.45A.
rance demand 7.73; cables T.73h~
Italy demand Al; cables 4.41h.
Belgium demand 7.S4; cables 7.34h.
Germany demand .o59 % cables .o5h.
Holland demand $500; cables 3s.o7.
Norway demand 17.17.
Sweden demand 2s.es.
Denmark demand 21.5S.
switxeriand demand 1906.
Spain demand 1883.
Greece demand $40.
Poland demand .o1A.
Czecho-Slovakia demand S.42A.
Argentine demand 1925.
Brazil demand 1885.
Montreal demand 1914.
Money.
NEW YORK, Aug. 24.-Call money
easier: high 4; low AK: ruling rate
an: closing bid 4; oftered at Az; last
loan 4; call loans against acceptances
81; time loans firm; mixed collateral.
so and 90 days 4@4H; four to six
months 4A@4n; prime mercantile
paper 4@4X.
London Silver.
LONDON, Aug. "a. - Bar silver,
s5xd per ounce.
NAPLES-The harbor Of Naples
is practically under the control OF
h Fascist. The national flag was
hoisted over port buildings. The