The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-07-21

y eYIilHT Z. WE0H.

=
II eTUAnT Z. WEST.
1890. New Y0fk, July 81. ,
alonaI tsadsrs reduced their /
7|nents for the weekend to- !
TAls vas disclosed IN the
6roed fluctuations In prices
stock market. Probably |
- some short selling to>ex-
~ output OF steel. Gutomo-
Snl oil stocks ~ we'll a. the
y speculative long stocks,
~ market presented = sturdy
Stcoe, An irregular trend
developed after steel and
- equipment shsSes had been
I'D more thea q point In the
half hour; was nothing more
could -hS expected in view Of
4 lay's news. Friday is conyen-
lii . day for profit taking in
Ing market and the situation
eomplicate this week by possi-
- contained In the strikes.
~ sending OF troops into Penn
nnia and Ohio coal zelda en-
sd In stock market opinion
Htter character Of the strike.
bslligerent attitude Of railroad
sers displayed in Thursdays
In New York that the strike
N be fought out, was hardly
0Dctive Of hopes that the end OF
y trouble was near. Strikes,
~ seldom the direct basis Of
;gkmarket liquidation are bound
- continued long enough to dis
- the thoughts OF spectators.
" desire to stand aside and watch
~ course Of market developments
J no bearing upon the more far
ching fundamentals and quick
- which occurred in Steel
mon, Studebaker, Crucible.
Twin Loco and others after
~ reactions showed that the
= upriced holdings were not
Ining out.
While the foreign exchanges were
~ hrm, there was no indication
= Cermany's reported acceptance
Tailed supervision of her finances
u aroused enthusiasm. Every
= realizes the vast importance
|1ich a sterilization of German
HRS would have upon the inter.
i markets with particular appli.
lhon perhaps to England and
merica. But 1t was not plain In
le news that any quick improve
lent would occur in German fiscal
Fairs under British and French
lfection unless something were
pne to tighten the reparation:
NJ
Another tremendous increase IL
fculating notes showed that Ger
Iny's destructive methods 0
lance were still in progress. T'hi
crease amounted to 100000, 90
nrks according to the latest week
report. Events are evidentl
laping toward q moratorium TO
hich Germany seems willing t
AXE almost any sacrifice an
ben the duration and terms ar
tlined, possible next week, Their
euld be ground for estimating
outlook for German recovery,
kn the Liberty Az per cen
9ade went to new high records
Foreign government bonds wer
lutte Arm and rails as a whole wer
y good demand. The weeks fed
nal reserve statement showed ths
here was nothing to worry abou
= the monthly situation.
The principal reaction OF the da
pasried active Industrial stock
lown a point and more, steel fal
= slightly under 101 and Studs
laker, which was really weak, fall
Is on more than 2 points to 1853
= was noticeable that pressure wa
l9 at all general for stocks Lib
Worth American, American Ice an
General Electric, in which the floai
mg supply is always small, wer
% to new high levels. Gener;
Aotors profited from the company
sxcellent six months statement an
was very steady around 14ss. Sue
Evidence of prosperity as Gener.
MOTORS announced, particularly
- $N, OO0, 900 improvement in cas-
Aocunting in retired bank loans
mould have been cheering to holt
- OF motor stocks generally. tn
psaviness Of Studebaker presun