The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-12-20
TRADE IN STOCKS
is ISPROFESSt0NAL
Opposing Speculative
Forces Struggle for
Control

NEW YORK. Dec. Opposing
speculative forces struggled Tor con-
trol ~ today's stock market. which
,howod alternate peiiods OF weak
ness and strength with the tlnti price
tendency upwards. trading was
largely OF a professional CHARACTER
thero being little evidence Of the
January reinvcptment demand which
usually mukcs us appearance at this
time.
Operators tor the advance were
encouraged by tho resistance thar
the general market har SHOWN 20 the
cut in the Great Northern dividend,
the official denlals OF rumprs IA the
4. \. steel and General Electric
stock dividends, tho rofusaI OF the
Morgan firm TO consider M inter
national loan 10 Germany ana the
forced liquidation ocCasluncd by yes
terday's stock exchange faimre but
they were unable to attract much
OF an outside following la thelr eL-
fort TO bid up various shares.
baldwin was one Of the outsthnd-
lnR features, more tan iiity thou
sand shares changing hands al prices
ranging from 126 IA to lSl, ihe
closing price of 1870 "a representing
a net gain OF 4 3-S on tho day
HIGHER lead prices were reflecteu
in au advance OF nearly rive pointa
in National lead. Fisher BODY re-
covered all but 1 IA points OF yes
terday's S IA point loss, closing AZ
2fO, or S points below its peak price
Mexican Petroleum total transactions
in which now average only rev
hundred shares a day. established
new high for the year at 2bl, or
points above yesterdays close. ran
American issues also moved up the
A gaining "a and the Is n,
General Electric. which had cro-
aled a new peak price at 100, broke
Z points and then rallied feehiy CLOS
ing at a slight fractional loss Dela.
ware g. Hudson broke more than
points. closing at net loss o. 10
Chesapeake 6 OHIO closed Ia
higher and Chicago & Northwestern
7-s most of the other changeS In
that group being OF a fractional ma
ture.
Most OF the equipments were IN
good demand. In addition to the
marked strength OF Baldwin, gains
of to points were shown py
American Car, American Locomotive,
pullman and Railway Steel spring.
Motors also were buoyant, stude-
baker. Pierce Arrow,pfd. ana Chhhu-
Ter each gaining point or more
Coppers moved within narrow nm
It's. Cali money hold steady AT "a
per cent throughout the session The
time money and commercial paper
markets continued quiet with no
change in ratas.
official def.lai OF tho German loan
rumors had a depressing effect on
the foreign exchanges, demand stor-
ling dropping nearly 3 cents 10
S4.6i SIS.
Most OF tho active bonds exhibited
a weak tone in today's duil trading
the bulk OF tho fresh buying power
for these securities being absorbed
by today's new offerings.
Foreign bonds were virtually ne
elected, the only noteworthy changes
in that group being point gain IN
Anton Jurgen 6s, and losses or l Ia
points In Serbian Sc and ! point in
Mexican 5s.
Buriness In United States govern
ment issues also was exceptionally
uuiet, Liberty 9ss and the first, sec
ond and third las sustaining
LOSSES OF 2 to 8 cents on 500, while
the forth 4 i-4s improved 2 cents
strength OF tho Erie Issues anu
further weakness III Hlost VI -"
other speculative railroad mortgages
we're the outstanding Developments
In the railroad list. Erie convert
ible Is, series A and d, closed a
point higher, as did 500" 6hs. but
losses OF to l n were Registered
by New Haven debenture Az and de'
henture 6s. st. Paul convertible 4n
and bs, Chicago & Alton AS, chi
cago. Burlington q Quincy bs an'
Friscos 5s.
Marland OIL SIS, with warrants, ant
wickwire, Spencer Steel 5s. eacl
climbed points above yesterday
final quotations; General Electric 59s
III and Sharon Steel 30 ana borh
lard Tobacco rs. one each but Cerr'
ae ,Pasco SIS, Wilson convertible bs
and Montana Power bs each yielded
about point.
Total sales, par value, az, ,4Sz, ,000