, 1922-11-01
IRREGULARITY
RULES MARKET
Standard Shares Show Only
Fractional Changes but
Others Are Affected.

Ee-ss .haf the current decline had
run tts course brought a fair volume
Of buying orders into today's STOCK
market. giving 81 thu appearance q
moderate strength in early dealings
Renewal OF bear attacks however
sxalnst steel. equipment and MeAi-
can oil shares caused a r~ssunpVon
~ under which a mum
her OF popular issues, ineinains
United states steel common iouehea
new lew prices on the movement
salcs a-pproximatod 100000 snares
NEW YORK. Nov. 1-Conunueo
,rrxuia-ty took place at the opeh'hs
~ fo-hav's stock market. most OF l"e
standard shares showing only uao
tiona1 Pau-Amercan
ana "B' were heavy. dropping
and ga points respectively. Chi'eu
So. stsei common yielded = OF a
n,trt in reflection OF speculative aus
.n,ointment over h corporation
e.i,urs 20 earn the entire common Nv
ssend. Fisher Body sold or louI
,oirt. May Department stores
cIlr,bed ~ points to a new high re,
- ,or the year. United states N.
eoLoi "a. pushed Up more than
-oI,t. and standard on Of New der.
-, "a BALDWIN. Studehaker ana
N-,.,hIs. consultative favorites, all IA
1900 a point. Trading in rails was
.iugrish. chicago Ind North western
slipping Jack -. g.
Ss,.s.io,al forced liquidation IN
.-..t, i.sues which Immediately
.hou-~d n tendency TO move TO higher
--o,,,d and a resumption Of abort
--rtrr In others caused n hghlE II
-s-ular market curing III morning
Toth .~peculative and investment
.ha-r. moved in a conflicting manner
lei the chief points OF weakness IN
,ho Mexican oils and some OF the 1000,
,,otor accessory and Independent steel
.hares Impressive strength was
shown by standard OH, merchandise
,1d textile shares and a few special
lies Railroad stocks were variable
~, mainly higher Towards noon the
trend OF prices became more uniform
10 onward in esponse to a rally in
T-ne.-4 states Steel which advanced a
nolnt ABOVE its initial quotation. May
Departmcnt stores extended its gain
~ IN noints and Standard Oils OF New
Jersey ad California q PA each.
American lEGr StlltldA AAAA1
Car. American Can and Associated
Dry Goods also made good gains whle
Pan-AmerIcan 81 siumped 81 points
-Pfes Arrow preferred sA and Mex.
can iyetroleum 3. Call money opened
at 5 per cent.
Markir5 up Of various specialties
was attended wit hsome success for a
while after midday particularly Ma
tlonaI EnamelinG which advanced over
two points on a resumption OF diNl'
dend payments. Most OF the recoE,
nized leaders, however. were forced
down to still lower levels for tho cur
rent movement. United States Steel
breaking under 104 Conspicuous
weakness was also manifested by
Baldwin and American Locomotives
Crucible Steel, which sold 3A points
below the higher level of the morning
and Gulf States Steel, American Su-
gar, Allis Chalmers, Goodrich and
Allied Chemical. Mexican Petroleum
was depressed ovcr 4 points and in
vestment railroads were also on the
town grade with Union Pacific and
Canadian Pacific leading.
The closing was irregular
Touching off OF additional stop
loss orders and further liquidation
Of weakened speculative accounts ac-
va11ated the decline in late deal
NJ Usher Body was depressed
w hts, Gulf States Steel 5&.
w hem "B" 3N, Loose-Wiles
N ii Louisville and Nashville.
u fan Snuff and Vanadium Steel
n. Subsequent short coverings
resulted in rallies of l to ? points,
in a number of active shares