Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-12-12
ny Associated pressl

NEW YORK, Dec. 1.-THE irrcgu-
r trend OF prices In today's rtla-
iVcly dull and embarrassing stock
1arket indicated that more attention
AZ being paid by professional inter
sts TO special conditions affecting
articular shares than TO the general
tDiness ana Industrial situation as
whole. Most OF tho popular shares
howcd losses At the close.
Opening prices were generally firm.
u the small volume OF buying pow
{ tempted the short interests TO try
6ome Experimental short selling.
tudebakcr. California Petroleum.
aidw!n and Il few other speculative
aE"r!tcs yielding materially 70 pres
IRE. While little attention was paid
outside Developments, the further
'rength OF sterling exchange, adai-
onal extra dividend disbursement,
nd lower ratio FOR call money. were
osnd 10 have sentimental cffcc, ia
ringing about the rally which oc-
urred around midday. From then
II was Il backing and nliing move
rent with a few individual shares
moving marked strength.
National Lend IL Feature.
national Lead provided one Of tho
antures OF the session, being pushed
ecofd. soon after the opening, thea.
Popping 20 l2i "a. and raliying at
c c!ose TO lZ5 SIS. where II repre-.
cnted net gain OF 3-S. Allied
htmical led rather spirited aG-
asce OF chemical shares. closing at
y. net gain OF 3-i. the sudden
trength OF these issues being at
8rituted TO a cessation of the extern
ive tax selling in this group and
4aports OF substantial Improvement
the fertilizer Industry DAWSON
ahemiril and Virginia Carolina
identical. common aud preferred
loved up to SIS points.
i Hudson Motors broke through 10
HG,,3-S. IA new top FOR the year. or
"ounccment Of an extra dividend
i 20 cents a share. and other low
Elctd motors hardened ia sympathy.
vi forfeited their gains In tho later
Foht-'ak!ng. StGdcbaker dropped !
= In response TO professional SELL
TX
j an Increase In tho unified orders
Fl the United states Steel Corpora
ION was used as an excus. Tor u
hsrt attack on certain shares In that
'pup, but IL failed To make much
/ galway. United states steel com
! On yielded a small fraction on the
a! ana Nvnubl!c. ! Is. hut special!
ing went on in crIcib!e. which
ADVANCED point; other changes on
iat group being unimportaut.
Oils Generally H-n,,.
o!!s were GENERALLY heavy. losses
10 Ia points hciuS registered
q Houston. the pan-A mcr!cau is.
= ne Standard oI!s az New Jersey ana
i hNIoinia. Mexican Petroleum., Cali.
'Tnia Petroleum and Royal Dutch.
ais were SLUGGISH aud generally
: over. but n. losses Tor the most
: art were fractional In nature.
'Guldation for the account OF tho
state OF William q. Rockefeller. is
"e latest reason described for the
cccnt weakness OF ST. Paul Issues.
Ihe high premium for the loan
616 OF Continental Can stock ludI-
atcs the existence Of s!zahIe
hort interest. covering operations
oday resulting ga a gain OF approxi-
iate!y points. Stock OF tho pac.ic
Developing Corporation. which oper-
ties chiefly in the Orient, today brok.
Glow 81 share.
Call money opened at 4 IL per cen,
nd hardened TO i-2 before the
Biose. Time money rates continue,
81 per cent for tho th!r;y-da,
9iaturities and per cent for the
aver periods. Little new CONNER
> iai paper is coming Into the market
4 rime names commanding 1 ga peg
lent.
j Adjournment OF tho allied rremicrs
conference In London failed to halt
ne advance In sterling, which touch
Id S459. another new high record
4or the year. All The other allied
ates also moved TO higher ground
Ut The Norwegian rate, which touch
new high Saturday, dropped Is
ointS TO 1880.