The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1922-04-11
STOCK QUOTATIONS
CONTINUE UPWARD
IN ACTIVE MARKET
Offerings Readily Taken
AS Traders Sell for
Profit.


lions in todsy's stock market con-
tinstd the movement towards
higher price levels for practically
all group, Of stockt. Pront-tsk-
ing and selling. both under the ,o-
cumulation Of buying orders. salts
hed in the opening hour and again
just before the close. was some
what in evidence but offtrins, were
absorbed readily at prices only
frsctionslly below previous figures.
The steel stocks. led by Steel com
mon. were strong. following the
publication at noon Of the Steel
Corporation's unified TONNAGE sts.e-
ment which was somewhat better
than had been senerally expected
Interest in the bond market again
centered on the lower priced issue,
especially the rails and local trse-
tons in which there vas . large
volume Of trading st generally
higher prices. Call money WAS In
plentiful supply with the rate.
however. maintained at ~ per
cent all day.
Rails Not Active.
Except that the level OF prices
was higher, this mornings market
might almost have been last weeks
opening. The rails apparently dis
appeared from speculative favor
trials again occupied marked at
tention. studebaker was prominent
| just as Il was In the early days OF
last week and most Of the speculs-
| tive favorites which were given a
rest on Friday and Saturday were
again brought TO the fore. There
was the same rush OF buying at the
opening also. with prices display
ing a marked tendency TO soften
after the accumulation Of buying or
ders had been satisfied although. as
was the case last week. the recess
sions up to noon amounted only 20
fractions.
There was one prominent exception
to the neglect which seemed TO be
the lot Of most OF the rails during
the morning trading. Baltimore
and Ohio common displayed great
activity and a large amount OF the
stock changed handsSst prices more
than q point above the years pre-
Nious high price made last week.
PrefesstessIs FIsit Rise.
The professional traders arc still
/ hghtlng the advance according to
the best information obtsinahlo.
one prominent operator whose
name has been coupled with pool
opei atoms on the bail side iurin9
recent months is said TO have IN
dertsken some operations on his
own account on the short side last
week which have been far from prof
liable. There seems TO be little
question. however. that public in
terest in the market lie larger than
the professional element has hIth-
erto realised and that il 10 grow
ing daily.
The financial districts interest IN
the coal strike this morning was no
keener. apparently. than IL has been
since the beginning OF the troUhIe
and reports from the scene OF sc-
ton were still conflicting. Private
sdvices from the Pennsylvania coal
district. however. were less rsAs-
surfing Sentiment in PittsburEh
was reported as decidedly pessimtS-
tic regarding any early settlement
Of the trouble.
UlfIled Tonnage.
The increase OF more than $50 900
tons In the unalled orders OF tho
United States steel Corporation a.
Of March 81. was generally regard
ed as more favorable than had been
expected, the most optimistic est
mates being about 100000 tons
Southern Pacific which closed al
80 on Saturday, got above that hC-
ure this morning on a relative \
small turnover. Recent indications
Of sterilization in Mexico have been
accepted as aueUring better things
for Southern Pacific, which has
more than 1000 miles OF railroad iT
Mexican territory. This line has
been operated at a loss for mors
than ave years and considerab Bile ca
penditures have been necessary T.
repair damage done TO track st-ur-
lures and equipment by revolut on
lists and Taqui Indians. Peace t0
Mexico would not only stop Thu
drain on Southern Pacihc't treasury
but would mean also the feeding n
a considerable amount Of profts bic