The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-11-01

New York. Oct 3l.--Stock prices
moved In conflicting manner n today =
market, rejecting the play OF oppoS-
Ing speculative forces. but short lntSV
eSts THaNy obtained The upper Hana AM
again succeeded IN forcing u shading "'
quoted values. losses 81 ono ~ 'N'
points beng Gulte common.
Opening prices showed i eett"r toHS
and Indicated relaxation ot profession
=, pressure but the failure ~; the "1Tec-
tots of tho S;uGsbaHcr Motor Company
TO declare another extra dividend IN tho
common STOCK provided an excuse .or
another bear attack. which was a'deu
bv heavy liquidation in domestic OF
shares. apparently tho closing out or
weakened speculative accounts. StJS
baker registered 4 net loss Of - points
on the day.
The Steel Report
While the quarterly reror, % the
United States Steel Cooperation was dis
appointing 90 many traders. who ca
rectsd tha, the dividend on the common
would bN earned. the showing. n View
Of tho tact that q covered the worst
period -: the coal and rail strikes, was
construed as an indication that the steel
industry was on the mend The balance
81 $lL3I2.O9S applicable 10 dividends
showed that the corporation earned al
the s6.SnL9i9 necessary for the pre-
rerred and all bu, Sl.SSs.6n2 % the
sSS53.TSl needed for the common.
I. :. Steel common closed At 1865.
a net gan % Il. after having touched
1861, during the day Other steel
shares were inclined 70 weakness. Lack.
awauna dropping > points; bethlehem
Az. M,dvalc = and Republic i. Cruz
chile was unchanged AMI Gulf states
vas frac;ioaally higher.
Domestic oils weakened IN response
70 sharp break N Pacific OIL. which
registered a ne, decline 81 Sig points
Losses BY the Oils
Losses OF one TO ncar.y three points
were sustained By Associated. Cosdcn.
and Tidcwaie- oils. Phillips Petroleum
and Producers and RetnecS. Foreign
oils also were heavy. Standard oil OF
New Jersey falling back 3i2 points:
General Asphalt common and preferred
II and five points. respectively. and
Mexican Petroleum one.
Equipments slipped back n the face
OF further announcements OF hrSs
orders. Baldwin dropping "a points;
American Locomotive ~ and American
Car ~. Changes In rail shares were
mixed. 4 four point drop r Delaware
and Hudson and loss .: - II No-taer
ACsHst btlUS Sac INO O~SSShHt-"'e ASaN-
ures in tha; group.
May Department stores was the indy
idual feature. being pushed up Tor a
net gain 81 ST.. points on rumors or &
stock dividend AZ the next meeting.
Some OF the individual weak spots were
Adams Express. American Steel Fo1n-
dries preferred. American Summarize
Tobacco. Atlas Powder. Pressed steel
Car preferred, Remington Typcwr.re-,
United Retail Stores and Nooiwovta.
AL down 90 20 ga points
Total sales were t.hI9.n0n shares.
Call Money Higher
Gail money opened at per cent. and
then advance to 81 holding At that
aCu~e until the close. St!tteaing Of
The rate was duo To tho withdrawal frora
local banks Of $4,000. non In govern
mer, funds and the calling OF loans.
Time money was quiet with no change
In rates and fairly good business was
done N commercial pa0e with the best
names selling al A.: percent.
Covering OF = speculative commit
meats and Improvement IN the Italian
POLITICAL situation resulted N fairly
good recovery m Continental exchange
rates. the volurle OF business being
quite large. Sterling held steady around
e4A5t. there being a noticeable de-
crease N The volume oS commercial
bills. due partly 10 the high price 81
cotton restricting the export movement
70 the actual requirements abroad.