The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-04-11
MORE HIGH RECORDS SMASHED;
DEMAND FOR STOCKS CONTINUES
craser Aspects Of the Coal
Strike Ignored Railroad
and Transportation Reports
Show Expansion In Busl-
ness.

New York. April 1o.-Ths new week
&C &khe stock exchange opened with
rsOumptton Of "a past fortnights ex-
trnorfipAsy demand for securities OF
almost svecy variety. Many Issues ex-
ossdsd AL previous high records Of the
rear In The day-s surnovar OF l,<Ie.VOe
6hA.e..
EaizuSnaung the coal strike. which
oso..nued 70 Be ignored despite IL gray
sr aspss,s. developments over tho recess
again seemed to faTor the constructive
ode 81 the market
Hailxoad and Industrial reports al
nest without exception confirmed re-
can't adviceA Indicating steady expansion
sftranaporta tson movements, and IN
creased production Of the moro Import
ant manufactured materials.
The late condition found strong con-
araAtion IN The March bookings OF tho
United States Steel Corporation These
disclosed an tncrSase OF S58.oOO tons IN
anAllsd orders over tho previous month
and tns nrst pronounced gain In Almost
. year.
Rails ware tho moro solid feature OF
tho sason. although tho sui 'ant'at
rains IN that division were cHH'ned TO
secondary snAraA Steelx. r!o,"Ts and
eouipnents Yielded occasionally 10 the
weigh. Of rsaliIinr sales and oi't e'9"d
with r1SA<a tooaccos and lo~al trac-
Etona.
United States Steel rosa TO within a
suoall fraction OF par before the S."so
but reacted . point with affiliated issues
ank<hing at a nominal advance. Net
rains Of ito s points were registered
by Gulx States, Bethlehem, Lackawan-
m and Crucibls Steels. Baldwin. Stude-
baker, StromberT. Pierce Arrow pro-
Eerred. Columbia Gas, Electric storage
ARTERY, Market Street Railway pre-
terred and Manhattan Elevated Railway
Last week. says tho clearing house
statement has been conducive 70 easy
money rates. all cali loans being mAde
1t ~ percent, while time money con-
t.nued TO rule At ~ to ~ per cent.
Reported concessions on commercAi
paper were not confirmed.
Proceedings at tho Genoa conference
In its preliminary stage received favor
able Interpretation IN the foreign en-
change market Sterling was conspic-
uously strong on the higher quotation
posted In lead. Allied remittances were
better. the German rate showed appre-
cable Improvement and Czecho -Slovastn
bills made further gains on the strength
OF the bonds recently placed here.
NO Bonds ovsrsuhSorfoSd
Many new undertakings were placed
IN this market today. the most note
worthy being the Rio de Janetro Vs.
5000 stght percents; which were In
msdiately oversuescrtoed.
In tho old line issues. liberty second
~ made a new high. but most OF the
Is and AS as we'll as Victory notes,
closed at nominal recessions.
British issues. especially United King
doms but torsigns as 4 whole we're not
prominent In the day. operations.
Gains ranging from 70 points
1arO scored by numerous domestic
bonds, chiefly Southern Pacific convert
ise. Atlantic Fruit sevens. Virginia
Railway hve1 Minneapolis and St
Louis refundtng hveA Southern Railway
general foura Brooklyn Transit ives
and Seaooard consolidated stNes.
Total sales (pas valueD SlS,t?l.eeo.