The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-11-14
DAY OF SEE.SAW
IN STOCK PRICES
But Tendency Is Toward
Higher Quotations; De-
cIines at End

NEW YpRK, Nov ig.--stock
prlcos seo.tetwed up ana down In
tvdays market. rejecting, la gem.
oraI, the covering and selling op-
,rations or short interests who ap.
peared 10 I've IN complete control.
Flnal prices were generally below
those VI SAD urday. but tho strength
OF the reHigtnCs encountered at o.
dny's lower levels indicated that the
decline hal about run rs course. AZ
least temraariiy. Uearlsh sentiment
has developed on tho unfuvorablc
outlook In Turkey. the possibility of
unfavuruhlo tax legislation by the
next cOngrcR and tho apparent In
ability of bull operators To attract
an outside following.
Murine preferred broke more than
points. Ciuoible steel dropped
nearly poiida. other stoels we're
weak In sympathy Nanndlum yield
ing IL. Buhiohcm and Midyuio
losing abuu, "a point each and y. =
Steel, Republic aud Replogle rCccd-
ing fractionLly.
General Asphalt common and pro-
ferred Established new low records
Tor mo year oni net losses NJ slightly
more than six aud four points. re-
spectively, but they recovered some
what In later dealings. Houston
fell 10 6S. also u uew low, and then
rallied to 90. Il mt loss OF TWO
points "an-t american u dropped
more than twU.polnis aud the was
osr one. while, MoNicun Petroleum
also dropped a point
Changes In rail- shares were
mixed. but mostly downward. Jer-
sey Central dropIed three points on
announcement Of Officials that no
immediate diStritsItion Of the profits
ON its coal props rites was coniem-
plated. Losses af "A point or more
look place IN Erie Second preferred
pers Marquette. Great Northern pre-
ferred, Nickel Ibnte. Lackawanpa
ana Delaware and Hudson. but
RradlnE, Chicago A. Northwestern
made slight gains. while Western
Pacific was pushed up over two
points Canadian Pacific yielded
fractionally below Saturdays close
some OF the outstanding weak
sputs were Brookly lyn Edison. De-
troit Edison. Federal Mining ana
smelling preferred, riRgctt " Myers
Montana Power Nnsh Motors. Ma
tionai Biscuit Iorilinrd Tobacco ana
Goodrich preferred, tho losses rang
Ing from i-2 20 10 points Wool
worth was atrong. gaining tiFe
points.
Total sales were 100000 shares.
Call money opened ana he'd NJ
A per cent throughout tho dny, Bus-
moss IN tho time money market Was
confined mostly to renewals when
were arranged at 6 per cent ne
bulk OF the commercial paper "
moving at 4 IA per cent.
i..,,
the foreign exchange markct. The
Italian rate moved up from afb 10
t.7O, Demand sterling was boosted
to 447 SIS. n new high
Heavy liunidation or foreign bonus
capsea a widespread break In the
prices of those securities IN today
market. Most of the French ana
Beigiau issues including the French
government Z les and Ss fell To
new low records for the year.
Prague 7 i-2's were the hardest
.hli. dropping four points,
weakness OF the foreign securl-
Ties had --~,ieprcssing effect on the
rest OF the market Losses OF one
ta .-c points were quite common
In TN. list OF railroad mortgages
among the more prominent being
Toledo. St Louis and Western fs,
Southern railway general b's, North-
crn pacific IS and Erlsco adjust
ment SIS and income Gs,
chile Copper as and rs broke
and 2 a. points. respectively. IN
response to the weakness or copper
stocks. Republic Steel bh a'so
dropped points. while declines OF
itoi i-s points were noted In VIII
son convertible 6's, Marine G's. Pro-
ducers a I,efiners SIS, Goodrich sa
OF 1914 aud Manita sugar l'gs'
Cuba Cane SIS and American smcr-
Ing SIS. go, 40
Local fractions also slipped TO
lower ground. .,
United states government seeuri-
tieu yielded with the rest, the losses
ranging from to "a cents on siOu,
tn, now and fourth I l-Fs were
the largest iosers. 80,
Total sales. pare value. were VA
S9s,000.