The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-13
|I)AaD||||O I|L|
|IoPoINI|s
N|||Rush SALES )

4 44. j -
lrset, New Tcsk. Oct. 13.--|
essents OF tAe f0eapitalisa-
sSSS a the standard on Of New
IN its four hundred per
11.ek dividend was the nrst
S5ation before the stock
ktoday.
4 s 1iscovsry that the split upl
\ fhsre capital would mean
;s14e extra. at least Immediately,
Srsholders, seemed to occa-
~ 4 r6nuiue disappointment. The
~ promptly drew the inference
: 10 point advance Ia the
~. within the previous two weeks
srsatly overdone things, and
81 Vas a rush to sell which
1na ! 10 point break right at
SEEMING and q total drop Of
Il = points later on.
i,aSnuch - the incentive for .
ID Aeal OF the recent specula-
~ ~ laid In the supposed stimu-
~ 4 this and similar plans for
,sifal readjustment, the collapse
= lfandasd Oil shares furnished .
q severe test for the market
a 8 whole. It did hit the oil
aafss rather hard, putting . stop
r further attempts at speculation
~ IL rise in this quarter. But ii
F ~ surprisingly little disconcert-
| e eject elsewhere.
fhere Was q half hour or SO Of
|,ieertsinty at the start, but then
necial buying operations were re-
nd, following the usual prac'
|In Of sinEling out a dozen or 81
|aolu and concentratingall effort:
upon these.
The days highly irregular move
| nent in the share list had littl,
|sisniacsnce for the financial ant
|busiuess situation at large. All tn,
Individual advances were inspire,
F n conditions in specific industrie
n1-4he expectations Of these lead
liz to favorable dividend action
Il the heavy oversubscription {
Ne new $50o.000.000 governmel;
|lmn had been clearly foreshadowe
III along, the bond market was NO
responsive to the FORMAL announce
nsnt Of the result. The decline 1
Liberty issues-all but the 3hs-
Iauite likely meant. that q certai
pmount Of switching was going O
irom The old to the new, becaus
pf the longer term which the ne,
hcads have to run.
With, the Turkish question n
bowed as an influence, the dealing
p European government bond
VI In the exchanges were Il
lest uninteresting Of any day
sns time. United Kingdom 4
~ were slightly higher, and I
~ sterling. French bonds wei
nchanged while francs were up
HE. AS expected last weeks e
aasion in both English a
hsnch note circulation, being d,
the temporary increase in d
lsnds over quarter day, we
romptly undone during the pre-
N week. News that arrang
RATS had been made for the ar
IeNe0 900 payment for interc
pa sinking funds on the Britt.
ssr debt to the United States, hs
h effect, because the purchase
iollar credit involving the tran
.dion had been completed near
ve months ago.
II today's testimony may be r
pSded as at all conclusive, q
nnitive measures adopted by d
seflin government to bring abo
Improvement In the condition
No mark will not accompli
much. II is all very we'll to st,
Ejaculation and forbid the 9
Aanse Of marks for foreign CT
Sney. These have not been {
kimary causes for the demoraliz
100 In the German mark. r
MOTT drastic expedients will 4
wall with the volume Of outstan
ns notes jumping the way it h
~ more especially since the III
4 August. The latest Reichs ba
atement shows another increa
1900, 100000 marks in the C
NATION itep. following the 2
Apo0,000 Increase Of the we
wedding. N