The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1922-04-08

n wv n NN"NH.N""NN wv ~ HHH-" "-H"
day of the national GOAL strike was
% booming and Ct huoyant move
mrut in speculative ffoohs thuf
carried the prices 90 active market
leaders 10 the highest point uf the
year. and "a turnover iu cxcozs nf
6 300 90 shares Tor an equal to
which Il BIZ necessary o. go far
hack into tho records 81 1871 Nat
to bee outdnnc. tho bond market
also tnnk a hand in record break
INK and otter absorbing an issue
90 100000 600 uf Sew York Central
s. urr cout r"fuudiug and Inn
provcm,nt bonds. hld up tho prlcos
of Industrial and railroad bonds
lu the listed market tD the highest
records Of tlo year.
% b. un old maxim of the street
newer Go sell stuchs ON strike news.
and seldom u ovor. On the history
NJ Americas big H5ruriiy murt.
has this advice bccn more strictly
followed than ben the opening Of
tho second quarter nf This year
From the FIRST claug - tho gong
ON Mnudav morning. rho flood ~
huNing orders broke ou the stock
exchange ard there was newer any
room Tor doubt n4 tp the attitude
~ invcntnra ana -prrulatore ,Hu-
corning the probable trend OF price
rH Such O. market could not. %
course continue lnIonuifclY. and ns
the week progressed. the cushInr in
NJ profits hy the professional
longs and the pools who wore op.
Grating for only temporary nd
vantage, forced "a reaction TINT car
rIod prices down from tho top lev
] OILS.
BusiD'ss Aud steel Trad
The big factor behind the spec
t~lcular rise is the prices ~ the
prcuiutlNc Lenders has Of course
been tso sensing Boo an uunrtars at
business revival and general econo-
mic hettormont White this Dr. not
apparent IN EVERY branch Of TRADE
and industry. tho definite trend or
business toward Improvement has
gradually takcu hold OF the lead
crs ~ finance and industry ANA
without exception they are max
ing planH Tor IAN era Of prosperity
HuI lusine expansion Tho stool
trade generally regarded as the
.1fosf barometer 81 economic CON
dltlunr. iH now giving evidence uf
l quick rgtu.n tu normal cnn1i-
lions SfHeI mlll- which before tho
turn OF the year were operating at
shout 800 uOr cent OF cauncItv are
now WONiuE uf so. GO and In suut
cases. otur go per cent OF capacity
a prominent steel manufactures
stated this wDok that The steel mills
hni booked enough orders GO keen
the mills az Go per cent capacity
Con four months tn come and or.
dcr- o. sitl flowing in af a good
rate DDincidrut with the rccen
advances iu steel prices tho uuos,
ton vas quite generally raised aa
Co tho ability OF the steel trad,
20 hold It's business. or 90 add "a
substantially 90 rs new orders m
the higher rate. That question has
Boon afhrmativcly answered dur.
sing tho nast two weeks Judging 10y
the untitled tonnage or the United
states Steel corporation and th'
independent steel companies tina.
operate IN tho Pittsburgh and mi
Youngstown territories Lees i4 nov
heard Of the necessities OF mer
gers % the Independent compan.
Ices. though 30 b. probable thu.
plans which have been cousiderc,
IN this connection will ultimately
be carried out.
Stock Market
Tho advance in the stock marko.
since the turn of tho year has hrri
quito general. though the mos
por'nrIlar ruins have been mad.
by tho speculative leaders In IN
steel oil and speciality groups TN.
rails have boon consistent groun,
gainors ana thrir present high lo-'
81 wis compare quite |fnvnrnhl'
Win those who have been backinl
and filling over "a wide territnry
imprlled 0rHt IN one direction am
thon 100 uhe other hy the tactic
Of tho professionals SfudchHka
in the motors Mrsican Prte in ga
oils. bethlehem in tho stuols. Bald
win ln the equipments and Ne,
York Central tn tho rails have oc
cupled The center ~ tine stage. AN.
have rolled az big scores In thci
forward movement buyers Of stoc
huve-becn-crupping up Bll over IN
country and they have been takin
, large blocks Of stocks out Of IN
market 20 hold In their safety de
. pogit boxes because OF the grow
Ing conviction that q prpsporou
era is ahead Tor The Industries ,
. the country and that any reHcfiO
In security prices viii be temper
ary.
70 Railroad stocks have been ~
% Oecting the improving luancis
conditions Of the country's carrier
the result 10 only increasing trsl
% fc On their lines. hui ALSO OF "a
better treatment Of the roads l'
the governmental supervisory "a
. oncies federal AMI state. Tho pro
y lmlnHry reports 0f no railroad
with an aggregate mileage &
y 2l0. goo miles. show net cBrninp
which will come close To o p'
1 cent ~ their total valuation q
/, nineteen billion dollars Tho ht
renu ~ railway economic nltin
/, into accord the roasonl variation
in Traffic over "a period from 1ai
y in 1919, has estimated TINT IN
Glanced carriers need earn only d
! Inc rate Of "a per cont la th.
\ time Of The year aH their big cart
ms period III the months 81 Sci
temhnr TO December. Compare
with tho showing ~ February
1924. the returns for the mont
. are striking. The same i70 road
: r.NHmV a.. a. 4aFIaNH - a. as sun q.