The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-10-06
OF STOCKS
CONTINUE TO RISE
Declaration of Standard
Dividend Responsible
for Oil Trading

NEW YORK, oct. 5.-Speculative
toilef that the bull movement was
steadily under way again after a
iornporary setback due to readjust-
rnant OF a weakened technical posi-
Ion aided by war scare in the
rear east. found expression in the
.ogtlnued advance OF prices In to-
tay'a active stock market session.
.rbe satisfactory progress OF the
,rurkieh peace negotiations. the con.
l.ruanre OF relatively easy money
,1fes. Increased car loadings and
lnstgntly improving business condi-
IONS contributed TO the more cheer
iui sentiment.
Declaration OF a 100 per cent
s,ock dividend by Standard OIL Of
california apparently was respon-
sIhle FOR the heavy speculation in
oil sharea Standard OIL OF New
Jersey was the individual feature,
opauing 4 SIS points higher, drop
u'rg back 3. then shooting up 16 S-S
points 70 222 and closing at 22l.
sinclair OIL was particularly ac-
tive. approximately $4,000 shares
hanging hands. the final rate show
Inc net gain OF / b-s. Pierce OIL
preferred advanced l2 IL points on
comparatively small turnover.
other domestic oils also moved 10
higher levels.
Mexican Petroleum see-sawed,
closing at gain OF 3-S.
The rails, as a group, failed 70
make any appreclahle response TO
the publication OF statistics showing
that weekly car loadings were now
e tstr,l,aaN v.AaAr1
in history made in October. 1920.
steel stocks were n little more ac-
tive Roplogle stood out with a gain
of - points. United States steel
common. Republic, Bethlehem and
tho other Independents were slight
lv higher. Air Reduction made a
new high at So,
Formation ~ an export organiza-
ton 10y the three big sulphur COM
panles resulted IN Texas Gulf sui
uhur being pushed up to a new high
for net gain Of "a and Freeport,
Texas advancing fractionally.
Studehaker was very active on re-
ports Of excellent earnings In Sep
tcmber. the final quotation showing
a net gain OF 4 3-S. Timken Roller
Bearing, Coca Cola, National Biscuit
and Consolidated Cigars all estab-
lished new peak prices during the
session Total sales were 1850. 000
shares.
Gail money opened and renewed
at per cent and advanced to 1-2
In the final hour. Time money rates
continue easy and there is more
active demand In the part OF out.
of-town banks for commercial paper
Foreign exchanges were Irregular
Heavy buying OF railroad and loca
traction bonds. several OF which reg
istered substantial gains. was th'
outstanding development IN today'i
broad and active bond dealings
Foreign issues opened generally
higher. hut yielded later in respons'
10 a drop I'm exchange rates. Liberty
Issues were mixed. changes belnl
within a l0-point radius.
Brooklyn Rapid Ira nsit- issue
were the individual featureA tn,
certificate Is climbing ~ points anC
the stamped rs ~. Hudson ant
Manhattan incomes were up poin
and the Third avenue adjustmen
5s and marlborough Rapid Transi
group advanced fractionally.
Railroad liens made a much bette
response to reports OF increased ca
laadlngs.
In the domestic list Invincible OF
Us, Commonwealth Power 6s, Amer
lcan Telephone convertible 6s. Derr,
Nc, biRgett e Meyers 81 and Unite,
states Realty 5s all advanced a poin
or more, while Wilson convertabl
IS slipped back.
Total sales, par value, were SIS,