The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-07-25
SHOW
On
STRIKE MEMS
n 0RQAR Z. VIZ,

: n okHAJ8 y.
IN sesse mn 1Ssk Jsiy :.
p stock nasket dsssiDpsd 81
n usdsstepe ts1ay. TAA sturdy
90 % ntnde>q1Jef, Chandler.
II fteel an Moxie4n Petroleum,
~ different from their veakness
Monday, seemed To reflect the
!. 1svkes'e beliel that betteS eo11i-
- n the railFead strike would
lsiIev the forthcoming PLAZA Of
psegideut Harding 10 keep trains
u 1cying. Short sellers found few
1oehs eeuing out wheA they tried
l11n l1ees Z fresh rsAGtion early in
=. - ~, The street placed credence
vunor that within q fsw hours,
IDLY 1t midnight, the federsl
.Soaram for appOftioning rolling
ksSack throughout the country
S1uM become effective. While It
- not altogether clear that such
y 1fep would relieve the situation
u " nace, and hasten = settlement Of
4, ~ shopmen's strike, still taken In
11njupction with news from indi-
~ ~ roads It looked ~ though
" I'D might move more rapidly
u md an adtuhtment
~ tone Of the market changed
I. = Dsvhat abruptly after Mexican
Slsoleum with q decline Of IN
SS1pts to 100 and other active is
~ had receded fractionally dis
ssIssces from opening sales. Short
/ sSellsrs Of Monday evidently saw
int the temper Of the market had
Esstecope altered over night and they
were quick to cover their open con-
tracts. The market was highly ner-
syuus, however. a.. evidenced BY
wings OF Studebaksr hstween 1St
"a 1884. Trading uncertainties
re conferred chiefly In the indus.
trial list for the rails under leader.
\ ship Of New York Central retained
I, NE same calm and confident atti
lxds that has marked this group al
[.salong. The morning advance o.
LriK points by New York Contra
.Duld be credited to the excelleH
atatement of the road for June bu
current earnings were Of less &C
,eount in supporting the rails thai
! ths expectation that once tn
ltrikes were over, traffic would ex
pand. Union Pacific held up yer,
Afnly although its net operating
income in June was $652,000 les
\ than for the same month last year
Pr Bonds again proved indifferent t
EEaae market with fresh gains in tn
Liberty group and a generally fir
BEt0ne elsewhere, The renewal
k1tanding cal loans at per cen
vas quite in keeping with tn
|Mlnown facts Of the money suppl.
Kvhich forecast continued ease. Th
weakening. of the bullish positio
in cotton during the last few day
vas emphasized by the fall of moi
tan SO points in future options
he cotton market. Conflictin
weather news from the crop be
has slowed down speculation 70
the long account ~
4 Railroad stocks came forwar
Drominently in the late afternoo
and while buying was not as ACTIVE
y II showed no disposition to discrim
J .1nate between coal roads and 9th
h An Atchison gained more than
points. selling above 1924. and
and O., G. and O., Great Norther
NJ pseferred and one or two Other
.f6se about q point. The strong tor
~ Industrial issues proved inperv
bus to few items Of rather disal
al beinting news. While oil stocl
" we're the most sluggish of all, earl
gains were we'll held and Standar
NUil Of California advanced mol
r ban two points. In the last HOT
- here we're some signs Of realism
niles but the output was easily al
,aofhed. The Southern Pacific
}gae statement showing an il
crease of S1,S13,s0e in net incou
,,tver the same month last year, Il
Jesuit solely of operating ecol
mies, served to emphasize the III
Nsssn character Of rails In tn,
Aenth. The strength in securiti'
\, ,Aalped to bring about a substanti
rally In cotton, and wheat pric'
sained more than . cent q bush
= buying.