The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-10-10
STOCKS RESUME
UPWARD MOVE
Demonstration by Special
ties and Standard Oil
Adds Impetus

NEW YORK, Oct. 9.--Resump-
don OF the upward movement OF
nt.ces in today's stock market was
.lyen added impetus by another SER
lee OF demonstrations in special
sspcks, several of which were car
.,cd to new high records.
Standard oil of New Jersey was
line Individual feature establishing a
new peak price at 246h with an
advance OF II points. The days
sales exceeded 10000 shares. United
states steel common was another
favorite. touching l0S Ia and clos
ing at l07 as, a net gain OF 1 5-S,
he sales executed, 100000 shares.
The last annual statement OF the
standard OIL company OF New
Jersey. showed a eurplus OF 592 OIL
sag while the u, 5. Steel Corps sur
plus on Dec. 81, 1921, was $685.
p26.95s. In each case the bulk OF
The surplus was earned In the last
i've years.
Bidding up OF U. S. steel also was
Influenced by reports OF a large in
crense In the monthly statement of
untitled orders which Will be made
public at noon tomorrow.
Texas company and Associated
Oh were pushed up TO new peak
registered n net gain OF more than
three points.
Equipments were In good demand
throughout the session. American
car jumping 10 points ana gains of
10 4 points being registered by
American and Baldwin locomotive
pullman and railway steel springs.
Midvale steel advanced on renewal
of rumors of merger with the
Lackawanna combination. all three
stocks gaining from 20 2 points.
Rails were relatively dull and the
changes generally were unimportant.
Continuation OF favorable trade re-
ports caused further activity In
motor shares, Studebaker climbing
points. Chandler is; Pierce
Arrow. preferred. IA and General
motors fractionally. Some OF the
Individual strong spots were Du-
pont, up Sh: Atlantic Refining
Co., up S155 a share on a turn over
Of only 81 shares. the last price be
ing $500 share: Union Tank Car
up Ii and Consolidated gas up
81 Ia.
Total sales approximated 1896
600 shares.
Shifting of loans because OF gov
eminent requirements was respon-
slble for the marking up OF the call
money rate to 8 per cent, after open
ing and renewing at Az.
Interest in today's bond market
centered on the governments $780,
100000 new Ia per cent issue,
which sold above par on the New
York curb market, where 1t was
traded in on a when issued" basis.
Early sales there were at 100 i-2
and later the premium ranged from
is to Ia.
Total subscriptions for the new
, issue probably will reach $1,000
local federal reserve bank.
Competition OF the new bonds with
existing government Issues were re-
Elected in the weakness OF the
the Liberty Ids series. the de-
cllnes running from 10 to 20 points
The Liberty 1-2s, slipped back s
points and the uncalled Victory ~.
The called Victories registered a
net gain OF II points.
Local traction Issues were strong
Gains OF TO 2 l-2 points were
registered by New York railways
Is. New York railways certificate
Is moved up 70 1-2.
Foreign bonds were irregular.
Tho outstanding gains In the
domestic list were made by Gulf
and ship Island 5s. Southern Paci-
fic As Invincible Oil SIS and Chi
cago Northwestern 5s up l-3 TO 3
l-2, while the principal weak spot
was International 4 Great Northern
5s. OF l l-2. Total sales, par
value. were si459O,000.