The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-08-22

n 6fUAM Z. WEST.

NJ hmART r WEST.
800. 49, -. A..4
0 wv AOA'
11-Tho railway strike situation
49, & turn today which Wall
co.,. h.A rot rornteA nnon
...
Wnetner OF nOs Ntne oecta1 eAon VI
the EASTERN presidents that they
nr0uosed 10 fight rather than give
49, -. .tc.,.v .,,o.,,cr. rerre-
IL Sn - 0 s..... .a 49, 80 g. ~
shss sIo - -. T. somatb;nv
Uuy e nv - r.. aD
- Ioln - ~ - a0en. - $50
n9M Or so tno atlnounSeA.cn I010
- eomo Nasty selilns VI .aSs =.
ss0cas WHICH wAS hos .ui ~ aol.e -
v14M OF the fact tnat tney hao nau
nearly week OF advancing prices
lnAne course OF winch soous'1eu
pr0fits MAD accumulated IN speeu
Iaiive nands. Tnis se,lins was
however, very promptly 'aAon
Whlie the rails ID tne iirst nouI vi
so were cropping OH POM, ne"
buying ORDERS were rusue~ lnoo .re
cOppers, tne equipments st"eao' 'ue
tobaccos, and some OF the Aneri-
can Oils and the diversion mus ere
ated had the desired erect III
checking any spread Oh inc SIZZLING
movement 10 the general ISL
The market DID not seem Ill the
least to need any artliiclai support:
II gave remarkable dfspiay vi
strength under the test OF Wnat
might have been construed SOME
what unfavoraDle news. Inc ALL
tude OF the eastern railway execu-
tives evidently means that there
VIII DC no general set'ieineht VI .l.e
shOpmen strike eltner no" Ut lat
or. IN an PROBABILITY the uispu.e
WIN De ieit LOT eacn roao " set.
tic inoiviouaiiy. noaus II. .nc eaS'
winch ciaim tnat inc Strike - al
READY won anu nearly III ua :,,
tiers OF the strikers places are LII
ed, Will be lett 10 go on as they are
Roads IN the west ana soutn
which nave peen less successful
VIII probably effect compromise
and take their men pack.
evidently the market touay wax
Ufsposed to take this conplaceh
view. This was the reason WI!
there was SO little real selling II
the railway list and why recover!
followed swiftly upon the early de
cline. In number of instances
railway shares went higher thai
ever in the afternoon. Again, tn
group most responsive, were stock!
of the roads traversing the north
west. wheat states-Great Northern
preferred, Northern Pacific, Chica
go and Northwestern and the st
Panls.
As anticipated the upturn Of tn
preyious day in the continental eX
changes proved to be only tenn
porary turn brought about by shor
covering. The selling movemen
was resumed today, carrying Ger
man marks again to their low
causing decid I'd weakness in Franc
and a moderate in Sterling Quit
likely there was some cOnnectiO
between this decline and the re
newed assertion of the French pre-
mier that France proposed to col
lectT in full from Germany if sh
had to do it alone. To be sure, al
lowance had to be made for the pc
litical exigencies which made sue
declaration necessary. But o
its face, it seemed to be fioutin
not only OF England and the othe
allied governments but of the rel
arations commission which charge
under the treaty of Versailles
deal with the German indemnit
question.
There was very little in the 70,
tine news to influence the market
Announcement that the steel CO
poration was 10 raise the wages I
day laborers 20 per cent came as
surprise after all that has been sa
90 70 tho poocccify Of ra1r pinu l.