The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-11-01
Financial
NEW YORK TRIBUNE.
Omaha Bee I.eased Wirs.

New York, Oct. 3I.-1hs stock mar
kot moved with indeclsion today. M
ter "A series of uncertain fluctuations
II ended with net advances. and net
declines pretty evenly balanced. Wal
street continued 10 debate the reasons
for the recent collapse In values. com
Ing 10 the practical conclusion that
prices had been put up too fast and
too far and by uss Of too highly pro
fessionai methods earlier IN October
and that reaction had all along been
inevitable. 10 this inference the "ay
erageg which show an advance from
81 is, when the shipments strike got
under way IN July. 10 80 when the
coal' strike was called off and 10 "a
a fortnight 6go. remains M fairly con.
ylncing evidence. Al 1913, they aro
stu well above the level Of mid
sumner when hopes OF autumn pros
Derliy were already high, md the
acute labor troubles ahead Of lis.
Liberty bonds Rl4e.
Today's movement ~ prices was ron.
fused; II reflected conflicting sctiyltlss,
most Of prOfesaioDsl sort, which ware
willing 20 press values 20 effect transae.
tons The point Of larger interest was
asain tho government bond market, IN
whirh the Liberty bonds rose nnOfhor re-
spectacle fraction and the new ~ pr
cents got back within one.teDth poln. "
their Issue price, having recovered fu1l
point from tho low price ~ four Digs
before, Sons o. thsse bonds are still
cufiousiy out Of line with 0ne smother,
The uHNHy4l h1fd fpn Ua AZ UJl
considerably steadier, but with eontinD-
ing Instability IN foreign government 81.
eufi1eF
Asido entirely from sctnaI seonomle mr.
political conditions (which srs ~ lesst
No worss IN Europe than they wero siz
months ago. IL pIyst be admitted that
tho market for those securities would not
be helped BY sgeh s. semini, ,,,,.i,
and ssoretary Hoover. In both u IL the
manner rather than this matter which
hurt confidence, which II 10 bs regretted,
Stree nothing II more certain than TINT
continuing investment Of American capt
iaI ~ sound European securities IL n cor
tsinty OF the economic recongtruetion
period.
Wall street Topics.
Reports we're circulated IN tho stree,
that another gtandard Oh stock dividend
would be declared Within the near ~.
fvre, Thus far this year gir STANDARD
Oh units have declared such div'6ends.
This company which IL. sypeeted 70 take
alton NEXT II the standard on u Kansas
Witch, according 10 report, WIN make .
distribution OF 400 per cent 70 stockhold.
srs News Of pending stock dividends,
however does not carry tho same weight
II did a month ngo. when stocks we're
lower than they are now selling and wsr"
bid W violently upon the more ryUor
that such payment WOULD be MADE
While numerous stock diyldebfs sre sf.
peete6 70 be declared between now and
the end Of tho yesr, Il was 'Dtlinafsd
today that the plans ~ some companies
are being held IN sboysBes pending the
outcome Of the elections next week.
Eyes on Elections.
There probably has not been . time
thls year wt0n the trend % events At
wall street Than AZ the moment The
grapevine telegraph n buster than u has
been at any other time this season. wal
street - watching flrm o. ~ tne ~,
element on corporate SURPRISES ana
finally, the effects Of the new tariff law,
al Of which are expected 70 have i'm.
p0rtant bearing on the future course OF
this market price for stocks.
studebsker DissppoInts.
That the action Of the board Of direct
ors Of the studebsksr corporation IN elm
mating the payment Of an eztrs diyi-
dsnd of III per cent. AZ was done In the
previous quarter. was disappolntlng 20 ths
vas evidenced BY the heavy selling Of
c0mpsnles' stock Immediately following
the announcement, which came around
noon. Trading 10 the stock was uBusu-
ally active, and some large blocks sp-
peared on the tape. In all 1900 shares
changed hands and the net loss for the
day was ~ points.
A distribution viii be made tomorrow
TO the creditors OF the LocomobiIe Com
pany Of America by the committee which
represented the creditors, according 10
The first payment, II II understood, viii
and lsh per cent NJ new bonds Of tho
Locnmobijs Company Of America, Inc. Ac-
c0rdiDg 10 reports, another distribution
VIII be made around tho first OF tho new
year.