Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-12-04
MAJOR BULL MOVEMENT
IS RESUMED IN MARKET
Surveys Warrant Predictions
Made by Big Operators
and Bankers.
STUDENTS MAKE MOST MONEY
Those Who Use Churts Have Becn
Able to Figure In Advance What
Movement Would Be-Trnde Con-
ditions Continue Good,
by Brondun Wall.

NEW YORK. Dec. 3.-Surveys OF
the general trade situation and of
the technical position of tho stock
market warrant predictions by big
operators and investment bankers
that the major bull movement has
once again been resumed This time
with less overextcndod long posi-
trenchcd accounts
To the ordinary person interested
In the trend OF stock quotations, the
use to big operators and persons
conducting campaigns or charts
would be source OF much surprise
II VIII also furnish additional sur
prise when IL is stated tina, the spec
ulators who have made the most
money In tho stock market tho last
year are those who have devoted
much time in The study OF charts. II
!t no secret that some o: the recent
biggest constructive movements In
different groups OF shares have been
put through by operators who max.
extensive use of charts. Tn to
twelve month"; ago. ono paying much
attention TO charts of price trends.
was considered subject FOR SYM
S''N''ss ~ ~ NEiSIOIl, now ever, VIII n
which they have foretold future price
movements In the present campaigns
show that those responsible for stock
movements make generous use of
charts.
Prices Rebounded Friday.
For this reason. much Significance
was placed on Friday in the rebound
Of prices. which carried the average
quotation for n number of stocks
back. and UP through 4Ts4. the level
from which the break became most
preciDitant.
Aside from the char, Indications.
there are two other strong POINTS
faroring continuation Of the re-
covery. Tho frs, OF these is the
large short interest which exists in
many OF tho most active shares The
rebound in some issues has been so
quick that the big shorts have been
unable TO cxtr!cate themselves.
The second point Is that those be-
hind the major stocks never succeed
81 in Interesting the general public
:" sufficient extent to permit or
distribution. This is considered cs-
pec!aily true OF the Standard OH
aharcs.
These stocks are being split up into
smaller units 20 facilitate their lodg-
ment with the public. The break in
the general market came before the
insiders had sufficient tirno to dis
tribute the new shares practically all
or which are still being dealt in on
a when. as and il issued" basic
Standard oil Seeks PnbIic.
Standard oil started out with the
determination To place its shares with
tho public. and until that object has
been attained the prospect of a bull
market Will be considered good
Trade conditions continued good.
Certain experts have predicted that
business vii! begin falling on in tho
spring. but important corporate heads
say they have not witnessed as We,
any developments which would bear
out these forecasts
Copper shares Will undoubtcdly
come In for additional attention this
week
Important developments are also
understood 20 be in embryo for in
dependent steel companies. An ac-
tive marke; in New York is expected
To be made for Youngstown sheet
ana lnbe snarcs. The management
for some time has been considering
making application to the stock cx-
change TO lis. tho stock