The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-04-26
FURTHER PRESSURE EXERTED
IN NEW YORK STOCK MARKET
Bull Pools Continue Aggres-
sive Tactics in Speclaltles
and Miscellaneous Issues.

New York, April c5.-Tradins in tho
took market today followed the IrTSGu-
|ar course set by yesterdays movement
Reasoned shares. including most OF the
ecent favoci,es were under further
PRESSURE, while bull pools continued aS-
[ressive tactics in speciAltieS and mis-
ellaneous Issues.
Much Of the selling OF high grade
tocks was attributed to adv!c"s ind!-
sting that tho coal strike. X prolonged
Fould exert an increasingly adverse IN
luence on industrial revival.
This was not reelected however. IN the
eading commodities. higher prices be
|nR quoted for oil products and tn" e2So
Metals, but In the foodstunS markets
uotations including those on rehned
|ugar were inclined 10 ease.
Demand for Securities
Stock market operations were sueor-
Spated to moro important Happenings
other branches OF the financial mark
Speedy sale OF the new Dominion
Canada $1,000 900 issue and the
9nr tnced success which accompanied
New York City ;4S.o00.0o0 Offering
stifed to the Unsuitable Investment
emapd for gilt edge securities.
Local fractions werc among the
trongest features in the stock list.
Manhattan Elevated making an early
ain Of five points. Third avenue. Brook
|yu Rapid Transit and Consolidated Gas
Zero among the other strong affiliated
ISSUES. Numerous junior rails were
o ) points up at their best. but Ne"
haven forfeited part Of yesterdays gain
The 1SactionAxy Side
Oils, motors, equipments and the In
dependent steels represented tho mar
OTIS moro react!onary side at declines
Sf l to points, these in some instances
|eing partially recovered at the close
bales amounted 70 1.S25.0oo shares.
The quarterly statement Of the
United States Steel Corporation issued
fter the markets close. showed totals
lightly under those cs the fn2l hour
IL yesterday. not all Of the preferred
dividend having been earned.
Tho money market also followed the
rend Of the previous day. call loans
holding at ga percent until the final
our. when percent was demanded.
Foreign exchange market was lower
8 q result OF cables which Indicated
breach between England and Franco at
|senoa. Sterling reacted l. 4 cent. Allied
bills lost to : points and the German
mark forfeited most OF yesterdays gam.
Strength IN bond Market
Impetus was given to todays active
md comprehensive bond market by sue
essfu Notation OF two large and I'm
bortant undertakings. the new DoE'!n-
on OF Canada 800. 900. 900 loan and the
New York City $45.eoo,o00.
The effect OF these sales was evident
throughout the list but especially In the
liberty series most Of which closed at
kains after showing early irregularity.
bther strong government issues EN-
brsced Dominion OF Canada SIS OF 1881.
Emitted Kingdom 5h's Of 1887. Nexi-
an As, Brazil IS and Queensland rs.
Many local utilities exceeded recent
harp advances. notably lntereorougn
Rapid Transit. Hudson and Manhattan,
Brooklyn Rapid Transit. Third avenue
md New York. Boston & West Chester
Further strength Of New Haven is-
Iues was one Of the features OF the rail-
say list. together With PennsylvRnta'
|5reat Northern. Northern Pacific. Sea
board Airline, baltimore & Ohio. Chesa-
keake and Ohio. Illinois Central
Missouri Kansas and Texas and MIN
keapolis and 81. Louis issues. Total
sales (pSFs-salael aggregated S2c'''S'-