The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-07-24

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= esrssG, No. Hoek. July "a.
o laek Of positive dssslopmsnts
DsnGay II ~ stffk4 sitnation
1T b. stocks today. It was
f6able that offerings were
49, than on hast Friday and Sat.
49, bat inasmuch - there were
n 1Inber OF industrial shares
80 Aeld up while motors ana
- we're losing ground. the I'M
1nencs was that short selling rath-
W han genuine liquidation was
sekjafy responsible for the markets
Hdltfon- II was . poor day for
- Of the specialtieG Mexican
iDoafd,. which has occupied an
i6esrtain speculative position. ever
80 salt water reduced the output
II time OF the company's wells had
b6aly moderate demand at conces-
49, and went below % before
|sf6oa for q loss Of more than two
ksI611ts. Pierce Arrow also went
- new low ground. The sharp
r. setback, however, was in Chand-
~ Motors with an abrupt fall OF
tut four points. As General Mo-
|al1S and Studebaker also were in
|alnsd to decline, it was more EVIL
|atut than last week that traders
|d(Aoukht the time had come to take
ne profits.
|is The highly irregular trend which
|sdrFeloped in the early trading con-
banned in the later dealings. The
|s3Gfike news certainly supplied
|bAdhing for tie market to cheer
k1>out The closets study OF pri-
ESato and federal efforts to bring
fs&N6st settlements showed very few
that railroad managers
kxhA operators were making pro-
iftss. On the contrary, publicity
~ anthracite shortages give min
|a4ft union leaders something to
taecw over. The railroad labor
1oard's plain intention to keep
fslAnds off. recorded a fairly clear
III Of proof that the deadlock was
loo stubborn Tor mediation.
" The principal feature for encour-
lyement in the rail situation was
HaAs ability of roads in the east -tc
PAeep their trains moving we'll and
FNl absence of riots and other dis
FiArbances in the west and south ap.
Eyecred to show at the least that di.
| rectcrs Of the strike were anxious
70 win by moral fvce. The Goa
strike gave promise In one or twt
f'fespects of coming to final show
down in advance Of the railroad
troubles. While adequate produc
ton of anthracite is essential Il
sthe nations comfort, it is the sof
bal output which shapes the &C
kfvities Of industry and the reported
heavy movement Of Welsh coal t.
Ne United States may be of vas
Influence in the tension now exist
hg between miners and operators
Y Call money remained at 4 pc
Bent for renewals and the bont
Market profited thereby. Three o
he Liberty bond group edged VI
~ rev high points.
The professional speculative eie
N mt had full control of the marke
anA while business was not active
tA6e was only slight rallyinl
Flower shown in the late afternoon
~ Pennsylvania Railroad was agail
F&e stalwart enc OF the railroad
Fruup, selling around As after goinl
y the new high point Of the year
Fin the last hour additional pres
are against seaboard RT ,ltioniinl
Jare against Aperican Loco, Bald
win Loco. Studebaker, Mexican Pc
ttoleum, Mexican Seaboard and I
8 Rubber carried prices to new Iov
points for the declining movemen,
Cuban American Sugar, however
With General Asphalt, American
Can and a few fellow industrial
u. hnf n firm aDDoa rancQ