The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-07-26

1TuD6 NoW fI0xks Julv ~. l
lsck Of staying power dis
u IL stock market today
fbisly arm start, Suggested
plainly that professional |
80 were cautious. in following |
T. days advance. The under |
Y Ncwsver, did not record much |
ness except in case Of . few |
- the stability Of which has
y open to question for some |
q >ecsuss Of Developments with
- application 10 them. Mex
y npaboard was one Of these,
~ about fve points ana
7SS1All class A was another with
- break from 80 to = level
- =, While these oils togeth-
M California Petroleum Pa
~ Oh and one or two others,
re 1Seeding, Mexican Petroleum
80 Forward vigorously. The
~ = the whole were steady and
= 1T placed industSials were
~ more than unsteady.
$50 references TO individual
nloDsnts show the highly uneven
I1o6eter Of business. The closest
|nnisation Of strike news failed
! low any constructive changes
he situation and that fact un-
ubtsdly checked buying. Day by
&. Il has become mbre and more
= that both the shopment and
~ employers were stubhornly
mt on fighting 1t out and II has
laned that in the end any adjust
IT must come through q medium
hich both sides should recognize.
~ interstate commerce COM
lions ruling that q Transports
4 crisis necessitated special
)1n1ures to move essential prod
- was radical in no respect,
ersly applying measures used two
m ago and advancing nothing
direct bearing on the coal strike
lttlement
ne steel corporations quarterly
port showed that the $27, 286, 00t
I income was so closely in line
III expectations that it had a very
Eght influence on the stock of the
lnpany. After advancing to 9
pllt just above 101, the prics
lgyed back to the neighborhoot
Tuesdays final figures. Som,
HpFise was felt because profits il
)fil were less than March bu
y moderate reaction was full!
|Sst by the June earnings in ex
- of $l0,0e0,000. The strike sit
ltion make prediction about thir'
lsrter results but il June recor,
Md be approached in this perio,
D corporation would earn it
!yidends handily.
At the moment. steel trade new
not satisfactory. Surveys of tn
dnstry this week shows that raj
mgestion is slowing down deliv
des OF raw materials and fuel, re
Ting in sharp advances in; COX,
pig iron prices. It is noted il
~ making territory that effect.
4 - strike have been more pro
,0u1eed this week than before il
;hscking operations, and it is ex
|ectsd that Coal stocks will hav
: b dra on heavily in the nea
hare.
! Nany stocks became quite weal
the afternoon with the princi
y bearish demonstrations in is
~ which had fallen away tn
'asiest during the morning. A re
lrt Of new saltwater intrusions il
IL Toteco field in Mexico carrie
xican Seaboard\ lower and wa
!al1trumental in bringing a shar
~ TO Atlantic Gulf and West In
ues. That stock went down 81
)eints.
~. s. Steel drawback under pa
"a Crucible and Lackawapna tn
9alpment stocks and> others de
emed a point or more under tn
lorning's best figures. Suga
Hocks gave q good account c
nemselves and the rails were sta
y as a whole. The resumptio
q dividends by the Panhandle roa
It's common stock after a year
Gefval was a cheering develor
aeut Call money was again cas-.
m41g from A e. or - -