East Oregonian : E.O. (Pendleton, OR) 1888-current, 1922-08-19

11.00 @12.00
1000 @11.00
100 % 800
1850 m13.00
11.50 1850
600 M 800
pounds ............
Smooth heavy, 900 lbs,


NEW YORK, Aug. 19-A. P)-
Renewed activity in liberty issues
. combined with the creation of seVera
! new high records for the year in thu
railroad and industrial lists, featured
yesterdays fairly active dealings il
bonds on the New York stock ex.
I change.
Among the railroad Issues which
established new top prices at gains
| averaging about a point were North
ern Pacific SIS, Chesapeake & Ohio
convertible 5s, Baltimore & Ohio AZ
st. Paul convertible AZ, st. Louis &
San Francisco prior lieu AS, Iron
Mountain As, Pennsylvania general 5s,
Missouri Pacific general As and Chi
cago & Eastern Illinois SIS.
The largest individual gain was
made by Southern Pacific convertible
SIS, which were up 2 5-S points.
In the industrial and public utility
groups, new highs were made by Sin
clair IL, Goodrich 6hs, North Am
erican Edison IS, Brooklyn Union Gas
rs and Colorado Industrial 5s, the last
of which was up points Other strong
features were Cerro De asco SIS and
American Telephone company collat-
eral 4s
Liberty 3Rs were particularly ao-
uVe more than four times as IA ny
being sold today as yesterday. They
closed at a gain of more than half i
cent. Most OF the other issues show
ed nominal advances.
Few changes of any Importance
took place in the foreign group, in
which there was little activity.
The slow but steady absorption of
stock at constantly rising prices con
tinued in today's stock market, which
showed tendency to break away
from the restraint imposed by pend
ing labor troubles.
Dealings, which totaled G50,000
continued to be largely in the
hands of professional operators, but
accumulation by investment interests
was reflected in the conspicuous
strength Of several highgrade shares.
More than dozen new high records
Tor the year were again recorded by
active issues, but most of The gains |
were of a nominal nature.
President Harding's declaration to
that the government would |
use all its power to maintain trans |
Dortation and the right of men to
work was well received in the finan-
,ial community, but it had no visible
effect on prices. Rail shares held
'irm, the sharp advance in Chicago &
Eastern Illinois common and prefer
ed which were up 3-S and 9 rs
points, respectively, being the uot-
standing exception to the general frac-
ional changes in prices of carrier
shares
Trading in industrials featured to-
lays session. United States Steel
ommon pushing through 104 to the
highest level in two years, with rela-
IVely conspicuous strength being
hown by equipments, sugars, domes-
c oils and number of specalties.
Average price levels of railroad and :
ldustrial shares are now at the high '
st levels of the year.
Mexican and domestic oils continued )
} be influenced by reports of lessen '
l Mexican production, the former y
rowing pronounced weakness and the
tier exhibiting marked strength. :,
eNican Petroleum moved within a
narrow limits, but clos ;,
at loss of one point, with cor |,
spending heaviness being shown by .,
Ie Mexican seaboard issues, and /,
Standard Oils of New
,rsey and California moved up ~ n
. points, while substantial progress
Us noted in Tidewater, Superior oil
ID Sinclair. =,
Sugar shares recovered from the VI
'aviness imposed by the senate's
tion in rising the tariff duty. Ameri- W
Ear pushing mp points to a new re
gh record with sympathetic advan- 81
$ taking place in Cuba Cane, Punta IS
egre and Manati.