The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-11-30
RENEW ACTIVITY
IN STOCK LISTS
Gains in Active Shares
From ] to 3 Points
During Session

NEW YORK. Nov. 2g.-'specula-
tive interests continued to find
operations on tho long side profit
nble In todays stock market, with
tho result that further substantial
Improvement was noted throughout
the list, the gains in active snnroe
running from one TO three points.
A bear raid on the Erie issues
caused material recessIons In those
shares and temporarily halted the
upward movement. The Erie's re
covered most OF their in1s however.
Erie common got down az low as
9M az against The years low OF z,
hut rallied to 10. whore 1t repre-
scented net loss OF q half point.
Some OF the impetus for the later
advance was provided by the brlsk
demand for hlgh-priced Industrial
FpeCialtles
short covering operations un-
doubtedly played big part IN to-
days advance. Additional announce
r,a. Of increased dividends had
cheerful effect in sentiment Some
ln,,a...,nt buying was noted In
gh-gradc rails and induurials.
OIL shares stood out In the indus
trial list. California. Petroleum get
ting as high M 80 but later drop
ping TO 57A General Asphalt
common improved four points, the
preferred 3 y, and Standard OF New
Jersey 3ia: Baldwin, American
Locomotive. Continental can and
United states steel all closed | X TO
2ih higher. while Studebaker and
United States Industrial Alcohol
gained large fractions,
Some good gains were made IN
the investment rails, Louisville
Nashville climbing AZ and Della
ware a. Hudson 3, and New York
Central, Northern Pacific. Reading
Chicago q North Western, Union
Pacific aud southern Pacific, ] to
nearly 2 points
Call money opened at "a per cent
but advanced to shortly after noon,
closing at that figure. A tow scat
tered loans were made Mt 8 per cent
In the time money market, with the
demand fairly active for accommo-
dations at An per cent for all ma
TURTLES. Tho commercial paper rate
continues at An per cent.
Increase in the export buying OF
grain was held responsible for the
moderate rcCessions in foreign cx-
changes Demand sterling was
quoted around s4.5iSs, and French
francs around 6.89 German marks
we're quoted around hao e hundred.
Some good gains were registered
by speculative railroad mortgages
In today's bond dealings, despite
heavy speculative selling OF the Erie
issues South American bonds also
developed marked strength.
At their lows OF the day. Erie
consolidated Is were down 2 points, |
the general 4s, 1%. the convertible
Is, series A, IN, and the series H. |
4. but they all came back later. |
New Haven nonconvertible 3 3las oil
1854 broke Az points and Chicago |
& North Western general 6s of 1887, |
IN. but they rallied somewhat later.
Gains OF 1 to " points were
made by number OF railroad is
sues. Local fractions and Amer
lean Telephone convertible &c also
made good progress. sugar and
copper company liens continued TO
be the fnvorites in the industrial
group.
Rio do Janeiro So OF 1s46 and
l947 gained point or more, but
French IL and Mexican government
a. cold off l TO / u points.
United States government Issues
advanced TO 10 cents on 800.
Total sales, par value. were Sl0,-
59S.000.