The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-05-17
TAkIR N S7EEL5 IS
FEATURE OF TUESDAYS MARKET
hal Hour on Exchange Is
Marked By Much Confusion
k-Studcbaker, Maxwell and
H.. s. Sleci in Demand at
Substantial Gains.

York MAY ia S:>~D Again Te'e
y pivot arosud ~hi=n todaJ's taGf
ne stock market roru.vRd S-Iy
AnGth In those shares son spread %
pers ard related usH.A RiS N&arn'
5 and miscellaneous :sSuGa. s~.s&
IAunted 10 $4,000 SharcA
Eackawanna Steel rose 20 u new maf-
N during he forenoon. but m
)ncement OF ratification OF tt7 merger
b Bethlehem was the signal for an
hnsive profit taking movement. Ecth-
IN also giving way, presumably tor
same reason
kallies at midday o~ccasicnCd renewed
ixinE sales later. the hral hour h"'AE
fked by much confusion. A"rumuia-
OF the popular SJcelS, oils. Amer
Can, Corn Products and tohd''rS
ing that period was balanced hE soil
OF several of the cheaper equip
hits and motors
bn the other hand StuGehaker was
adily bought with Maxwell \.
adwln Locomotive and CrucIhle Steel
IRE in demand with |. :. Steel. all AT
bstantial gains. metals also respond
10 short coverings.
Federal the Feature.
Federal Mining & Smelling preferred
is the days strongest stock. closing
4 a gain Of ~ points on the DECLARE
Bn OF an increased dividend. Amert-
h Smelling also retained the better
firt Of It's gain ard Mexican Petroleum
q United Retail Stores helped 10 Sus-
n the higher average % quotations.
While the days operations in St"els
- ,,-..-Vp NArNnrhA,tt fraAerE
Remed disposed 70 pay l,itle heed 10
treats Of federal and state irveSttEa-
bns Of Their attitude evil
fntly was based on assurance that such
ordinations are beng made with due
lgard for existing laws.
Money and commodity markets were
lycrable to the long account IN the
.ock market. Copper prices wer" hrmer
} expansion Of the foreign inquiry and
igher prices were quoted for lead and
Nv and refined sugars. hut !utimatloaS
7 another advance in fabricated steel
iron were rot confirmed.
Foreign exchanges wcr" duller than
sual. but all The more important re
alliances displayed hrnneSs, with
Harked strength in the Dutch rate. Cen
al European bills CONTINUED to ease.
specially the Austrian quotation. while
secho-Slovak!an bills were not rercep-
bly, benefited by the prospective loan
Prague.
The Bond Market.
Industrial offerings were the active
Id strongest features OF today's bond
arket. responding 20 the prominence
those issues In the stock list.
Steels and coppers improved on the
..tlfcation Of the Bethlchem-Lacka-
deal and the growing inquiry FOR
metals 1 higher quotations.
Lackawanna Steel SIS OF 1928 and
S. Steel SIS strengthened with Chile
'pper 6is and Cerro De Pausco SIS.
Local utilities and fractions showed
disposition TO ease but Pacific
and Electric SIS. Duauesne Light
IS and Consolidated Gas IS improved.
. latter later giving way.
among the more substantial
1mestic rails were narrow and specu-
tive Issues OF that class were dull.
General IS, Southern |
AllTay SIS and Colorado 4 Southern
A. were firm. moderate re-
ssions being made by Scahoard Air
ne 6s and 81. Louis 4 san Francisco
justment SIS and IS.
Buying OF Liberty bonds MAS light hu,
changes of note occurred in that
Belgian ~ $. French municipals.
exicar As and IS and Philippine Rail-
~ As made fractional gains.
Sales lpar value) aggregated sl5.-
4. 900,