The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-11-25
PRICE OF STOCKS
LOWER IN TREND
Sporadic Rallies Fail to
Stop Wake of Cen
eral Weakness

NEW YORK. Nov 24.--Prices in
todays stock market were again ir-
regularly lower.
Sporadic rallies In individual is
EIes combined with rather extensive
short covering gave the market the
appearance OF strength during the
early part of the session but the
half-hearted way In which the rally
progressed induced further liquida-
ton and short selling. which spread
a wave OF weakness over the list at
the close.
Equipment. food, oil, textile and
motor stocks rallied one to three
polnts above yesterdays closing
prices on the rebound. Consolidated
Textile was one OF the most active
shares on the market, fluctuating
within a two-point radius and clos
ing at a slight fractional gain.
Independent steel shares were
again subject to short pressure but
they offered more stubborn resist
!. Ance, United States Steel common.
Gulf States and Lackawanna were
unchanged. Republic moved up a
point and Replogle and Vanadium
fractionallv. while Bethlehem Il and
Crucible declined one-fourth and
three-fourths. respectively.
Standard oil shares yielded more
easily, standard of New Jersey being
down almost five points at one
time. and closing at 100 Ia, or so
points below the high figure reached
lust before the declaration OF the
stock dividend. Standard OIL OF
California was down 2 Ia and Gem
eral Asphalt t-2, but Pacific oil,
California Petroleum and the Pan
American issues moved TO higher
ground
Relaxation OF pressure against
some OF the railroad shares resulted
IN mixed changes at the close. Chi
cago G. Great Western preferred
broke two points and Delaware &
Mudson yielded 1-2, but Backa-
wanna improved / 1-2 and Illinois
Central preferred / as.
Utah Copper got us high as 81 1-2
cut eased down to so "a at the
close. Studebaker climbed TO 1924
ia but knocked down to 1872 Is.
Call money opened and renewed
st "a and advanced to in the
late afternoon, closing at that fig
ure. Time money was more plenti-
ful today, some 30-day loans being
arranged on n "a per cent basis
The longer maturities continue to
command per cent. The CONNER
lively quiet with the ruling names
comanding 4 IA per cent.
Foreign exchange business was
again quiet, prices fluctuating within
narrow limits.
silver exchanges were weak.
French bonds developed unex-
pected strength in today's late deal
incs.
Marseilles IS Jumped two points
above last nights close and gains OF
I to 2 l-2 were recorded by French
rs and S. Bordeaux 6s. Lyons SIS.
Paris Lyons Mediterranean 6s,
Seine Is and Prague 1-2s.
There were n few strong spots in
the domestic list but the main ten
de1cy there was arain downward.
Speculative railroad mort cages
were again thrown on the market In
rather large volume. Losses OF to
! 1-2 points took place in Erie prior
lien os. general As and convertible
~, series d, st. Paul refundlng As
and convertible S. New Haven SIS
and Chicago g. Alton I-2s.
Chicago Great Western 1-4s en-
toyed a sensational lump OF IA
points. st. Louis-Southwestern con-
solidated a. rose more than one
point Interest in the Industrial d.
vision centered in the strength OF
Brier Hill Steel 1-2s and Sinclair
Pipe Line 1-2s, which were up TO
1-2 points.
Total sales. par value. were s12,-
244,o00.