The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-07-27

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naskets fbsnd constdsrabIs
sssnsat todaxs i ~ ssriha
1850 = 1rsa16ag Hard
essSsssaes Win railroad and
55r leaders. and he indication
-. eoal miners ana operAtors u
- districts n PsnnsylvantA.
6S - Indiana voald rot tp8eth-
y ~ 70 talk things over. Al
Sliln have proved themselves 10
r. mfticularly sensitive to. ductu-
51 waves Of sentiment about
conditions, professional
- bid the rails upward with
- deal Of force and many In
~ issues acquired . strong
The maj ket progressed b
T "a starts, showing apparently
e Willie speculat0rs were mora
1Sent over the outlook. still
W were unwilling 10 lean too
i11Iily on the long eide.
~ more prominent rails ad-
yoo1 more than . point all
80 IN tAe hrst three hours led
II Z Two point gain in Union Pa
- and the establishment Of .
v high record by Pennsylvania
- to 46. Mexican Petroleum re-
ijuuusitd sharply after early nm
1)1adtness and a.rally IN Crucible
~ shaped the trend Of the steel
i1fta
\ n visit Of 7. Dewitt Cuyler.
1lorsssnting the rosds. and B. N.
')svsll Of the shipments union. to
= White hous6 gave the stock
nari,et a distinct thrill. President
lnrding's meeting with contesting
mites appeared to forecast new
.uoasures Of Cancellation. The pro-
aDesd meeting Of hard and soft coal
hine owners and men was consid-
tapl to Be- as deeply Significant AZ
~ Washington meeting. but the
III outlook was made less disturb
- than the day before BY some
fl0ts about existing supplies. The
1sported accumulation Of 500. 00(
tDns Of bituminous coal at non
union mines in the south showed
3Fetty clearly that . lack Of rail
md facilities was the sole cause
h keeping q lot Of coal from con
gumers. With rail priority order.
NV going into effect. the prospec'
i acute shortage In essential line.
uas lesssned.
/ Railroad earnings reported To-
June threw sidelights on the re
Dalts of the coal strike. The lie
Ugh Valley, much Of whose feve
~ comes from the movement o
anthracite, had q fall of $l.S71.00
b gross income, or nearly 80 pc
esnt ss compared with June. 1921
he anthracite strike has been ef
hctive in reducing the output al
most to the vanishing point sine
April I. In contrast with thi
moving. the B. G o., carrying mucl
Boft coal from non-union mines
had a good increase In gross reve
aue and . net return nearly sever
times az large as in June, 1921.
i Traders In stocks In the last houl
need their operations almost en-
hly on news dispatches abou
= strikes. But there was a quicl
bUing movement In Consolidate
O. carrying the price up severa
points on the strength of an in
crease in the dividends from 81 +
y q share annually. Mexican Sea
board recovered al ground lost I
I bear" drive in the earlier hour
4 the day. rising several point
lrom the low. These movement
were less interesting than the con
dstsntly strong tone Of the raj
asel and oil stocks for 1t was tn
naior tendency that drew tn
street's attention and this unQues
hnnsbly by events in Washington
and one or two centers OF coal Pre-
duction. Belief that the coal strik
M coming to an end va
slsngthened by movement of OF
aators in Ohio to call genera
toafefence Of producers and vort
M
In the last hour Crncible reache
y, up more than s points for th
day and a 3 point rise in Gul
States Steel indicated some hui
nd short covering. Republic wa
more than two points above Wed
leeday's last price. y. s. Steel wer
Inward more than q point. We
move par, and gains In excess of
POINT which were acquired mostl
More midday were retained b
ssading, B. & O.. C. & O., New Yor
central, U. S. Rubber and others.
Oherings Of call money wer
iarger than the demand. The fol
slsn exchanges remained firm in
very quiet market