The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-04-18
Stuck DEAL|NGS CD OVER TWO
MILLION MARK; OILS FEATURED
Bull Movement Halted Temp
orarily on Sinclalr'e Reac-
tion-Rals Proof Against
Pressure.

\.v YORK. Apr.t lT.---At rctords '"r
On. e,rre,t and previous year on t1e
etoeh exchange were broken tcUay VHs"
dealings mounted 20 the StupendouS 10
tai OF .. oSe.oao shares and tho nunoe,
. cs senarate issues traded n aS@o"Su
corresponding Dimensions.
Trading vas on an extraordinary
scaie from the beginning. rho volume
o, hav!nc orders received over the
Sunday recess taxing the riachineFE
Of the exchange almos; to its capacity.
In I've forenoon. the turnover was on
basis OF 800. 0N0 shares an hour; ana ms
high pressure of activity was on'H
slightly diminished IN ;hc .ass max Oh
the session.
Further lowering oc cali money rates
was one ot several stimulating features
OF the day. Call loans opened ~ per
cent. but soon dropped 70 81 per cen'
IN tho n2er market and PEI cent In
private loans.
The scnSa t!onal cement q, tho Sos
sion weec furnished by oils. that grnu?
almos, by common Impulse extending
last SATURDAYS gains by 10 = points
Reaction IN Sinclair
Rails coprers. equipments ana soN.
eral o. tho independent stccls reSsSieIeu
similar advances but the cnttr" iist pc
came unsettled a. midday on S'nclairs
reaction % over four points.
Technical conditions. namely me
markets ,op-heavy position. and cah'es
announcing a treaty agreement between
Germany and Russia. accelerated the
reversal, much OF which WAS later re-
t-teysd Steeis made Nttle recovery.
however. these issues coming IN Tor
fresh attacks on advircs from PitseuTGh
Indicating that tho coal strike mad DC
gone a distinct influence In that inuuS-
try.
Rails. especially junior issues such
as 81. Haul common and @re'erren.
Chesapeake 6 Ohio. baltimore OHIO ana
Minneapolis and 81. Louis were were
proof against pressure. with Coppers
and seyera, os :he domestic OILS and
spocialities showing pronounced
strength.
The news from Genoa failed &C re-
fccttou In tho foreign exchange mar~ct.
where al quotations showing british
and allied rcmit,ances rose above last
weeks closing prices. Sterling gained
hal. Il coat ana Frcoch. Italian and Rel
y!an bills showed Uniform gains o: i've
points. even the German mark keeping
moderate pace with the genera; CONT
mental list.
Zig Turnover In Liberty Bonds
Trading In bonds Today lacked the
Rctir,cy and strength shown during
several, sessions OF the previous week.
but 4 majority OF the popular issues IN
the domestic list were firm TO strong.
No new high records were made by
the liberty series. hut The turnover IN
the third and fourth AIS was very
large and within easy distance Ok recent
maNiTums.
French 7G:'s. Mexican IS and IS. De-
partmant CO tn" Seine -. Dutch East
indies SIS and the new Rio De Janeiro
Issue 'Hd the international division at
new high records.
Among -ra:,s. s. Pau convertibles
were responsive 20 III" strength OF the
common and preferred shares. Missouri
Pacific. Missouri. Kansas & Texas. Min
neap",is Il 81. Louis. Ch!cago q East
ern Illinois. Erie. Southern Railway. and
Hcaboard Airline issues contributed TO
he higher average attained bv many
transposcattons Tota. sales (pa- yalue)
aggregated $le.tsS.o00.