The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-12-12
PRICES UNEVEN
ON STOCK MART
Opening Prices Firm but
Small Buying Volume
Inspires Shorts

NEW YORK, Dec. 1.-The ir-
regular trend ot prices In today r
relatively dun ana uulntorcstlag
stock market indicated that more
attention was being paid by profos
sional interests to ppccinl conditions
affecting particular shares than TO
the general business and Industrial
situation az whole Most Of the
popular shares showed losbcs at the
clost
Opening prices were generally
firm but the small volume Of buyi1g
power tempted the short intotcsiH
to Try some experimental short sell
ing. Studchakcr California Pctrolo-
um, baldwin and few other kpecu
lativs ayurltes yielding materially
to pressure.
National Lead provided one of tho
features Of the session being pushcd
up points TO l29h, a new high
,ecord soon after the opening then
dropping to l24a ana rallylug ~
the close 10 iG5t. whore Il repre-
scntcd net gain OF l A. Allied
Chemical led a rather spirited ad-
vance OF chemical shares. closing az
so, net gam OF ~. Dawson
Chemical nld Nlrglnin-Cnroline
chemical common and preferred,
moved up TO ga points.
Hudson motors broke through 90
2Gss. n new top for the year. Stud"-
baker dropped "a United Slnt'a
steel common yielded a small frac-
tion on the day and Republic u
but special buying went on In Cruel
bile which advanced IA point, other
changes IN that group being unim-
portant.
Oils were generally heavy, lossca
OF I to IA points being registered
by Houston, tho American Is
sucs. standard Ois of New Jersey
and California, Mexican petroleum.
California Petroleum ana boy0I
Dutch. Rails were siuRgish and gen
orally lower but the losses for the
most part were fractional in nature
The high prcmimum for tho loan-
ing OF Continental can stock indl-
Gates the existence OF "A eiZahlc snort
interest, covering operations result
ing In n gain OF approximately
points. stocks OF tha Pacific Dcvel-
opment corporation which oporato5l
chiefly IN the orient. today broke be-
low 81 share. Call money opened
nj 4A per cent ana hardened 20
"A before the close, Time money
rates continued at Az per cent for
the 30.day maturities ana per cent
lower periods. Little new paper Is
coming into the market, prime
names commanding ~ per cent.
Adjournment of the allied pre-
iniers' conference In London failed
10 halt tho advance IN sterling which
touched s4.59. another new high
record for the year All tho other
allied rates also moved to higher
ground but the Norwegian rate,
which touched new high Saturday
dropped Is points to 1890.
No definite trend was apparent In
todny's relative dull dealings in
bonds. gains aad losses being about
evenly divided at the close,
In the foreign group Mexican ~
gained a point and some improve
ment was noted In United Kingdom
5s or 1929.
ST.. Paul Issues showed mixed
changes, tho refundins 4izs recover
inG all but / point of their 5-point
loss on saturday and the A OF 1895
advancing "a point. while the Puget
Sound division Ia dropped 2R
points, the general 3 lss, n and the
convertible bs ! point
trregularity also marked the rest
OF tho railroad list. Frisco adjust
ment Gs climbing ga points and the
income So dropped ~. losses OF l
TO IA points also taking place In
Minneopolls-St. Louis refunding ~,
and Chicago & Altoa AVS and New
York Central ihs.
\ T~point gain on DlStllers Secur-
tiles SIS was tho outstanding feature
In the Industrial group. other strong
spots In which were Producers a Re-
flners rs ana So with warrants,
American Agricultural Chemical 5s
Chilo Copper 7s. cuba cane Is and
Sa, and Virginia Carolina Chemical
7Ns. Republic steel hs were weak
United states government securi.
ties were mainly higher, Losses az
1 cents on Sl0O took place In Liberty
ais and the third AIS. but other
active issues showed gains ranging
from to Ia points,
Total sales par value, were sii,-
$4,000.