, 1922-08-09
STOCK TRADING
IS DULL TODAY
Early Trend Is Upward but
Reaction Sets in at Close
and Prices Weaken.


NEW YORK. Aug. s@confictins
price movements governed tCday's rel
atively duh stock market session
Early reaotionary tendencies wert
checked by buying demonstrations in
public utilities and feathers. which
impaired strength 10 the whole list
but the market reacted toward h end
on renewed selling pressure against
some of the specials.
Fresh selling OF motors combined
with profit taking in some OF the oils
caused ~irregularity In the last hour.
GranEers such as Chicago sad North.
western. Great Northern preferred and
Northern. Southern and Canadian Pa
cites. were in good demand. mounting
to ~ points and holding well to tbs
end. The closing was irregular.
NEW YORK. Aug. q.-Opening
prices on the New York stock ex-
change today were irregular In rela.
lively light dealing. but tended down
ward later on selling OF high grade
rails. studebaker. Baldwin and Mex
can Petroleum. Insofar hs rails were
concerned. the governments bumper
crop report apparently was offset by
publication OF statistics showing a
decrease in car loadings OF revenue
freight, Northern Canadian and In
ion Pacifics declining large fractions
to one point. Active Bidding Cor PEG
pies Gas lifted It to az points 20 a
new high for the year. Dome Mines
and American Steel Foundries also
reached peak prices on moderate ad-
vances. Mexican Petroleum was oft
49, - g. D-AAN.Na ArAnzaa
~. Baldwin dropped n point while
lesser losses were Registered by Stude'
baker. Kefly-Springfield. United States
Alcohol. Cuban Sugar and Cuba Cane
Sugar preferred. Eresge. with a gain
of 2 points led the s%pocialties. other
strong features OF which were Burns
Brothers A and Il. American Beet
Sugar. Producers and Refiners and
American Safety Razor.
Tho market became sluggish in later
trading. dividend paying rails, ship
pings. motors and food shares yielding
to selling pressure. Active rails wore
down / TO rs with slightly smaller
losses taking place in Atlantic Gulf,
American international. Marine pre-
ferred. Studebaker. WHY'S Overland
preferred, Ksysor and Baldwin. a
rally in Mexican Petroleum. which
rebounded ? points together with a
demand for some OF the popular utili.
ties and feathers. steadied the market
at noon. The three preferred issues Of
Market Street Railway were up IN
to 3k. while Pacific Gas and Electric
rose . points. United States Alcohol
and American Radiator also bettered
their positions. Call money opened
at az per cent.
A better feeling pervaded tho msr-
ket in the afternoon and prices stiff.
fened substantially. Shorts mani
Tested uneasiness when buying of
round amounts of Mexican Petrol
cum, ~studebaker. Baldwin Locomo-
tive and Chicago and Northwestern
began. the last mentioned touching a
new high figure for the year. Top
prices were also established by the
Adams Express, American Steel and
Foundry and California Packing
Mexican Petroleum showed a raise of
3%, Adams Express 3 and Royal
Dutch, Pan-American Petroleum
General Asphalt. Baldwin and Ameri.
can Locomotives, Studebaker, Kelly
Springfield Tire, United States Rub.
Der. Famous Players. American Steel
Foundry and National EnamelInE l
to IL points.
Money.