Norwich bulletin., 1922-12-12
FINANCIAL NND C0MMERCN
:AEAaEF lWAs mAEoU1AA

SNSw Ye9k. psA tI-Ths5 irregular SreAd. eS prices tn tedays relatively dull Ind unintereSttng stock market. tndtcat- a t6S4 Iao9e lattention was being paid Hy professional interests to special con Gitsons aHecting. particular ehases than to the general business and tnauseraI sstnSti6a SB Q whole. Mogt of buying power tsspted the short interests sIS noaa0 OxpoftmentAfE short ceiling Stude- O1keR, CaIitornIa Petroleum. Baldwtn and, q -tSw other speculative tRvorttes yaSldlnR mateTtallY to pressure Whne httia Gttention was paid to outside de- |eio4aaertsc the further strength CT SteTisng' exchange. additional extra diY- IaanG disbursements and . lower rate TOT eail money were believed to nave nea sentimental effect in bringing NooGt ths raNy which occurred around mid eSX. From then on 1t was a backing and filling movement with .; few i1. div4dusl shares showing marked
 EtfsmxtA s. ",.F >.- -f.,- -:.s.. -..ss,
 s,NationaI Lead provided. one .os the failures 0f the session. being puGhed up Sl points to +i2s I-A. 9 new high record soon, after the opening, then dropping to i2l 5-4 and rallYing at the close to 12S E-s.- where 1t represented net gain, or l. 3.S. Allled Chemical led, . rather uplrtted advance of chemical, shares : cios,nE at So. .. net gain of 1 S-4. the sudden Strength of these Issues being attributed to a cessation nt the exten- VIve tax selling h this group and re- ports of substantial improvement Tn the
 fertilizer industry. DaWson Chemical
 and Virginia Carolina Cheraical common
 and preferred moved up 3 to 2 S-S
 points, Hudson Motors broke through to :e . ,S-S,. a now top for the year. on an
 diyfdansl cents share and other low priced motors hardened in sympathy. but for /. scIied their Eains-fa the later protlt-tak'
 Ing. StuCcbaker dropped 1 lst in TO, Sponse to professional selling
 l .s "A decrease in the untitled orders or tnC 2 U.tS. Steel Corporation was used a:
 An. excuse for a short attack on ccTtaiT
 shares Tn that group. but 1t Tailed t - make much headway.yU U. s. Steel com . fnon ytalded a small fraction: on. tht
 day and Republic, l t-S, but epecia = buying went on in Crucible, which ao
 Sanced e point; other charges in tha '. group being unimportant. V 'rs .'.
 ;Oiisi were generally heavy. tosses o 7 i Co : t-A T.,ints being registered D! Houston the ran-AmeEican issues standard Oils of New Jersey. and Cali
 ,forTIia, 2Mexic b Petroleum. California |, Petroleum anu Royal Dutch. Rails wer Y sluggish and generally lower, but tn
 losses for the most part were fraction .s. Rl in, nature LiquI lation y for the ac i- count of the estate of William G. Rock , Keller Is the latest reason aschibed flo
 The recent weaknes of St. Paul issues . z. The. high; premium for the ioaning. Q
 Continental Can stock indicates the ex s,. IStence of a siSeable short interest. GOV r ertng operations today resulting In gain of approximately two points Stock :. of the, Pacific Developing Corporation which operats chiefly in thet Orient" tc -. day broke below s1 share. .,
 Can money opened at { l-4 per cen
 and hardened to t-2 before the clos i1s Time money rates; continued at. { B. ' per cent for the 30 day maturities' an -' $ per cent. for the longer periods, Lii
 us: new commercial paper is coming ~iI to the market. prime names commsndin
 ( S-4.per cent. ys Adjornment of the. allied premier conference in London failed to halt u
 advance in sterling, which touched $4.5 ? another new high record for the yea '.l All the, other allied rates also move
 to higher ground but the ,Norwegta
 rate, which touched a new high Satu 's- day. dropping IS points to 1890.