The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-10-06
Easy Money and Improved
Foreign Situation Were De-
cisive Foctors In Thurs
days Financial Situation.

New York oct S--SpCculstiv" be-
Net that tho bull movement was
steadily under way again. after a tenn
porary setback du" 10 REIMBURSEMENT or
a weakened technical position. aided
by war scare In the Near East. found
expression III The continued advan'" OF
prices IN today'S active stock market
session. Tn" satisfactory progress ~
The Turkish peace negotiations. the con-
tiuUancS OF relatively easy money rates
Increased car loadIngs and constantly
Improving business conditions "outri-
hu;cd - the more cheerful sentiment.
Declaration Of 100 per cent stock
drvtdent by standard oil 90 california
apparently was responsible fur the
heavy speculation IN oil shares stan
dard O;L Of New Jersey was n" indtri-
dual feature opening ts. higher. drop
ping hack :. then shooting M 10Y
points to 90 and closing a, eel
Shift In Oh
Indications that a number Of traders
were shifting from Standard oil OF CAT
lcnruia - New Jersey 'and the Ede-
pendent oils were sN"n in rather free
offerings Of the fNrmc". which r."Sed
At a not loss % y, Sinclair oil Was
particularly active approximately -
0N0 shares changing hands. the final
rate showing a net gain - " Fl"rce
pil preferred advanced t2t. points on
comparatively small turnover. Other
domestic oils also moved :" higher lew
.c!> Mexican Petroleum Ses-sewed,
closing at gain OF | " pub.
Publication Of a report that the At
lantic Refining Company was withdraw
Ing from the Mexican light oil fields
because Of salt water caused heavy sell
80 rd rho
common dropping Is and the certiti-
Gates ~.
Rails Not Responsive.
Rails. as a group. failed Ia make any
appreCiahle repouSe TO the publication
OF statistics showing that weekly car
loadincs were now 96 per cent OF the
highest record in history made In Octo-
her 1920. "NicNle Plate" moved up -
on sales Of less than 1000 shares and
Chicago & Eastern Illinois registered
q similar gain. hu; most Of the other
shares were irregular.
Steel stocks were little more &C
tive. Replogle standing out with n
gain pt 81: points: L. :. Steel common.
Republic. Rethdehem and the other in
dependents were slightly higher. Bald
win which moved up II: was helped o,
the receipt Of an order tor SO locomo-
,;ves from the Atch;son railroad. Air
deduction made new high at 6S.
Sulphur Goes to High.
Formation OF an export organization
by tho three big sulphur companies re-
suited IN Texas Calf sulphur being
pushed Up - a new high for net ga,r.
Of -, and Freeport. Texas advancing
traC;io0a.!y Announce ment Of higher
prices by ;he American Wooden Com
pany caused rise OF more than a
poin: In The company's stock. Stude
baker was very active on reports Of ex-
ceileUt earnings in September. the final
quotation showing 4 net gain OF ~.
Thinker Roller Bearing. Coca Gotta. Ma.
,;oHal B:scu'. ard Consolidated Cigar
ali established new peak prices during
the session.
Total sales were 1850. 600.
Time Money Easy.
Ga" UoHev opened and renewed at
4 per cen, and advanced 10 81. in the
:41.,l hour Time money rates con-
c:uGe easy and there is more active
demand on N" part ot ou, az town
banks :cr commercial paper.
Foreign exchanges were Irregular.
Early rates w'r" generally higher but
acayr offerings of commercial hills IN
tho local rark", caused recession be-
low Yesterdays t'nal figures IN mosc
F.'!-0p"an quotations. German marks
w." e'!ll ~e.l.nS below five cents
hundred