The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-10-03
SHARP ADVANCE IN \. !. STOCKS
WHEN WAR CRISIS IS bR|DGED

Nav York. Oct. sharp advance IN
prces took place IN today's stock mar
Eet or receipt OF news that the British
and Turkish commanders IN the Near
East had agreed TO meet at 4 truce con-
ference tomorrow. Professional short
interests who had sold stocks freely
last week on the dtsQu!ettns tore!Sn
dispatches. FASTENED 10 cover and their
demands. coupled with those o. traders
who had kept GU, % the marke, until
the war clouds apparently had passed.
resulted IN most active issues regis
.sr!nS gains O.: from 20 points.
Steel Stocks Boom.
The advances were spread over most
Of the list. but the lsrSes, gains were
recorded 4 the ste<lS, equipments ana
OILS Some excellent gains were made
by specialties. particularly OTIS EleHa-
tor. which was up :. American Lin
seed Up "a; Electric Storage Battery
UP 5ia ana Wells Fargo Express up
Beth!ehem r. LackawaHna and MIL
vale each were pushed up more thaA
two points Some os the buying being
attributed 20 unconarmed reports that
the M!dvaie company Nigh, be taken
into the Bethlehem; Lackawanna comoi-
nation. L. s. Steel common moved up
SIS and Republic ! SIS. Reports OF
higher prices and increased production
also were reflected IN the demand for
steel shares.
Strength Of equipments was based
on additional! large orders from the
big railroad systems. the orders now
on tho books Of the Baldwin. American
locomotive and Pullman companies be-
as large as those on January |. These
.hree stocks registered gains OF from
S-4 TO - In today'S trading
pete" IN Reversal.
Mexican petroleum. which was under
pYesSure last week. exhibited narsed
reversal of form today. showing net
gain Of 81 points Reports that tHe
Mexican government had ruled against
the state Of Vera Cruz imposing
state tax on petroleum productions was
a favorable influence
Standard OIL OF California moved up
. SIS and Standard OH OF New Jersey
H. despite announcement or cut
OF cents a gallon for gasoline IN the
Carolinas by the Ney Jersey company
Railroad stocks Appeared 20 nave
shaken Off the dampening inruenSe OIL
poor August earnings statements Can-
adam Pacific heading the ist WIKI
rain Of SIS points. Several others
moved up for more. including Atchson'
Northern Pacific. New York SenSEd"
New Orleans. Texas and Mexico Nnes,
apeake 4 Ohio. st. Paul common ana
pre<erred. Delaware and Hudson Lack,
awanna. Southern Pacific. Readins anu
Union Pacific.
Advance In Sugar.
Sugar shares made good response
n N. advance in prices for the rennea
nrod,c,. American climbing o-e WIN
smaller gains beng noted IN |u'a"
American and Cuba cane.
Tn. Jewish holiday accounted IN par
Cor the lighter volume OF business W
raj sales aggreEating $4,000 shares.
can money opened a, SS percen,
ND advanced - 5. where Il held until
closi,x The frmness was atriou'ea
N Withdrawals for hrst OF the Hi"h1'
,,ouiremen:s. the time money ana com
rnsrclal paper markets were aue'' VII"
virtually no change In rates.
Foreign rates strengthened IN tone IA
r.soonse TO the mora favoraois va
E,s,.rp news. demand sterling sho"hs
, yain OF nearly IL cents GERMAN
.-.n,,ss was heavy marks being quot
"A a, So cents a hundred against 81
sd 81, or SATURDAY. Canao'an
change vas quoted a, premium %
ss4. the highest n recent years