The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-01-09
IRLD EVENTS
Awe NO LIFE
hOSTOCK MART
, =, STUART p. WEST.

sver interest there was in
= happenings certainly did
N the movement on the
rcbange. Outside of half
m so stocks, some Of which
veak and others strong, the
80 during the greater part of
ans vas very dead with little
ne way or the other. The
Il -edection of the big world
Va. of the last few days was
- IN the exchange market.
aerling, Francs and marks
wgnt ND sharply and got very
N their top levels of a month
probably this was a response
az ratification Of the Irish
- treaty, partly to the sum-
~ OF the economic conference
esnoa but more largely to the
=. developments at Cannes,
IN eeemed to point more to a
fS6cation OF German reparations.
Eo,ernational money markets
= undoubtedly impressed by the
T. faken in the over-Sunday
e. dispatches that England is
II ouIy bending her energies to
i RESPIRATION of the German
F,tet but that England and Ger
III will work together at Genoa
Isring back the great Russian
Lei This was the logical de-
Iysjou from the speech of the
Ntsh prime minister at Cannes
4 from the statements of German
Hresentatives transmitted over
I cables.
Epart from the simultaneous rise
II sterling and continental rates,
lieh by some observers, was TAX
10 mean the start OF another
Bard movement, there was very
4 4 of consequence in the Incl
X5 Of the day. Call money re-
he'd at four per cent but the bulk
the new business was done at 31a
Il cent This had its effects ON
bond market where there was
kther gain in liberty bonds with
A3lhs at a new high for the sea-
i Foreign government bonds
he scarcely affected by the
ses which were putting up ex-
knge rates. In the market for
poration bonds, the industrials
be favored over the rails.
he narrow and listless stock
hing indicated the prevailing I'M
tainty regarding the immediate
iiti0n both inside and outside of
tmarket. A like difference of
On was set forth in the equal
Z conclusive movement both in
lon and in grain. Pennsylvania
de Oil prices were cut again for
second time in less than a
K. The rs per cent reduction
es out nearly a half of the last
nmn's entire advance. Still there
no undue weakness in the Oil
YES. The Indifference shown to
disclosure of a deficit of near
100000 in the annual report
the Cuba Cane Sugar company
another occurrence worth not
I Like the reception given to
oil cut, it pointed to the con-
bon that the market at the pres
price level is not particularly
Eitive to unfavorable news.
Extremely heavy selling of the
stocks was the feature on the
exchange. The prices at
l these shares sold this after
L. certainly called for some Off
explanation as there was not
thing reassuring to be said. 1t
~ very well to say that the
fenment already d creditor of
road to the extent of $S,000,-
must help out with the $15,-
700 notes which mature April /.
In the absence of any authori-
Pc information on this point,
the most unfavorable infer
could be drawn from the Sc
break in all the Erie issues.
Z e collapse in these stocks un-
ed the other rails. especially
lower priced ones, and the
mess in the rail group had a
essing effect for a while on the
ral market. But q majority of
lndustrials held up remarkably
Except in some of the oils
few specialties. like Inter
0nal Paper and Dawson Chem
Efforts to get prices down
very little Roadway. The
stocks stood their ground
~ A further expansion of the
IAN note situation 400, 900
Ns were reported in the weekly
rs bank statement. This GER
~ Showed that there is no
eat disposition on the tremen-
issue of paper money.