The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-04-27
INCREASED CAUTION SHOWN
IN STOCK MARKET DEALINGS
Price Movements Hesitant for
Greater Part Of Session,
With Heaviness Developing
IN the Final Hour.

New York. April c6.-The reaction
ary tone 0s t"day's financial markers
disclosed Increased caution on ne par
OF professional .u,"r4sts and tho pup
lie Price movements were hesitf0t tor
the greater Ta-c o. tho session. develop
Ing heaviness In ;hc Tim, hour.
Early strength among domestic els
which contributed enormously - mo
days larg. turnover AZ eNtrsre gains
OF one 10 four points together WIN
steady buying O. secondary. or 'nde-
pendent stselS. was marched by neaN',
ness in foreign oils. the motors ana
their specialtie% the general tranS2o'-
tation list. and loca. utilities.
Selling assumed It's widest r-op"r-
tioas toward tho c'oSe, when offerings
Mexican Petroleum. Genera! Motors.
Kelly Springfield. rnias'l states Rubber.
American Sugar and the cheaper rails
effected ne, i"sseS or ore 10 almost
three points.
Standard Oo~ % New Jersey and CALI
| fornia, Ass6r.a ted Cosden. California
PETROLEUM. and rar!hr. Houston ana SIM
clair Qhs. forfeited much and m some
INSTANCES all Of their substantial adj
vances and Ntels was LEI: ~ the cary
Improvement shown ny StHeiN. Sales
amour; 20 l.Sh0nn0 shares.
steel Report Disappointing
There wcre 20 Developments To &C
count for the late reaction. but com
mission houses 0ui ;hc conservative
e,ement were on record ~ favoc!ng n
Temporary halt II The l"ns-SuSGi!Aed
bull mcNAment. Among trades where
sousc disappointment was Expressed
were the showing made hr ln.,e'
States Steel IN the quarterly report.
Money conditions Yer" easier than ~
any previous session 81 the week. All
call loans being made * the nHcd rate
OF 81, per cent. Tim" FUNDS wee
scarccr, however, large sums er'd"ntN
having been diverted from thai market
for recent uNd"rwrlt!nrs.
Foreign exchanges we're no. aNeEten
by early cables dealing With deNe'"p-
nents o. Genoa. but .Ae entire CONF
nental range sased percept!oly later
Sterling was crs ore important "\rsp'
ton. demard hills hardening "' re-
ported buying OF cotton oilla
rndigeston IN Bonds
ForeIyn lsSueS werc tho only Note-
worthy exceptions 10 the further nrm-
ness shown by tho bond market today.
although Sven n that group several
substantial advances we're noted
The marke, as whole. however
despite the Iarge and diversified turn
over. rave occasiona, signs that nc
Navy recent undsrwr!tinSs had createu
a Temporary state OF indigestion.
Liberty issues wore barely steady N
the early dealings, ou: strengthened
when the third and fourth AVS again
rose to par. the latter including 'ae
sale Of a block Of 100000
The strongest foreign bonds incindeo
Czecho-Slovakian Ss. Rio De Jane'ro
SIS and Queensland -. but French
governments ard munlctpals. Mexican
IS and SIS and japanese lrst %E were
tower by fractions to ~ points.
The domestic railway division was
hesitant. although many % the lower
priced refund!ns. convertible and IN
some Issues added to their steady ac-
sommodations Of past weeks.
Among Industrial bonds several or the
popular oils responded 70 the strength
Of those issues IN the stock list. salts
factory progress vas reported IN the
sale O. the New York Cl.y s43. ho",oho
bond issue awarded % banking syndi-
eate YESTERDAY TOTAL sa,es (pac Na'ue)
aggregated s2i.al3.oon.