The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-11-09
.PR|CFS MOVE To HIGHER LEVEL
IN THE NETWORK STOCK MARKET

New York NOV. S.-t.NCcpt N l'N
special issues. which had direct 'n-
tereSt at stake. prices IN today'S stock
market coutjuu;d TO move 10 higher
ground. with little apparent regard "t
the results Of the election. Experiment
tai short selling impaired a rearti"narS
tone TO opening prices but SPECTATORS
FOR the advance soon obtained C"hlf"'
OF TIE market and rallied the i'S' at''T
staging a series Of hulitSh TRANSACTIONS
In few individual shares.
Chief Interest centered on sharp 10"
point rise IN C0,tcn prices ana th'
further depreciation Of FTeuCh. kcts'ah
and German exchanges :" new 10" 'eN''N
for the year The jump IN cotton when
was eduivelant to 81 bale. followed
publication OF the governments g'n"hS
report showing s.iS9.S39 bales S'"n'"
To November I.
The sharp break in the Ni'eu COZ"
t!nental exchange was attributed 20 tue
Increasingly serious financial ana econ
onic outlook % those countries a. "
result OF the failuyc Of the Serih re-
variations conference +" effect sd,
tsractory method cS paymtnt. tVch,n
francs dropped nearly half cent |" o."
cents each As compared VITA a." 4 "''N
ago and Relsjar francs dropped even
more 10 $50 cents each As against o."
u
course towards the ban'ShiuC point
being quoted az 1915 cents hundred.
sterling. however WAS strong. rising :"
4;s 4 gain OF : as cents over Monday
might.
The elections greatest surpris' 10
Wall street was the extent or the be'''"-
cratic victory. Whiel this was inter
preted as due IN part. to DISSATISFACTION
with the tariff. stocks 81 COMPANIES
- y ls 10 tSl a
cd t0 pc arHrectably Influenced.
Public utility issues were among the
mos active, buying beng based "n
theory that. with the election oui az me
WAY. several companies can NOW GO hed"
with their capitalization plans Con
solidated Gas and Columbia GaS, eacA
OF which has been purposs'y W,thh"'',
Ing plans until after election. advance"
-, and ia. respectively. The ''in'H-
hla ,;nS plan IS said - involve the dec
laratinu nc a so 7N- cent stock dividend
I'm nor cent preferred stock and tre
Consolidated plan - reported 20 Include
the distribution oc some os rs New
York Edison holdings. Market stree
Railway shares wee strong o. the
strength or early returns from 'a'it"r-
MIA, Indicating adoption ~ al amend
rcnl - tive state constitution permit
ting the acquisition oc tAs lines ny INC
City Of -" Francisco.
copper shares continued 70 give
soIo account IT themselves holding up
we'll I'm the face 90 cary selling press
ure. Gains OF 70 ) points we're report
Ell by chile. Chino and Arizona and
Anacouda. Itah and Butte and SuQe-
rlor improved 'crlctinnally. while Ken
uec",t Welded slzhtly. Steel shares
became quite active toward tho close IN
response 80 a brisk rally N |. ;. St"r'
common. which carried II points ahnNe
Mondays closing level. Slightly smaller
gains we're recorded by Cruc!hle. Beth
lchem n Republic and M!dcvsle. wh'le
Gulf States climbed Sas BALDWIN and
Studehaker - which a large short N
tereSt "a suHpo q - exist. also made
good gains IN tho Hal hour.
Some ~ The svCc'altles which got
into re WHICH ground ware Wonlrorth.
MAY Department. Stores and Fisher
Body. Railroad shares showed mixed
changes mainly un!mpor,ant but Jer-
points There were a Few weak spots.
notably General Asphalt. which vas
offered freely because OF its reported
unsatisfactory earnings outlook. drop
r'ug more than four points.
Total sales WCUe S6n?An shares.
Gail money opened a. per cent but
advanced {" ~ and hen to 5. where u
closed S'lttcn:rg OF the ra:A was At
trjhu,cd 70 Withdrawals by interior
banks whn are aud!ng profitable use
for their funds by financing operations
IN connection with the holding back 81
cronS bv wheat snd cotton growers Tor
higher prices Plenty o, line FUNDS
were available ia PEI cent Cor the
shorter matur!t'es. The bulk ot com
ne-rial rqrers was disposed OF at the
~ per ce8c rae