The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-09-16
STOCKS RESUME
IRREGULAR TREND
lain Movement Of Issues
However, Continues to
Higher Levels

N NEW YORK, Sept. IS. -- Prime
IA rovemcnts in today's stock market
n ere again irregular and Influenced
8y professional activities. but the
main trend continued upward. There
H. a noticeable slackening Of bear
4ressuro and less vigorous specula-
ye buying with the result that
a xhanges were largely within mar
\ ver limits. The undertone was
y rong.
a Public utility issues made the most
Spirited advance gains Of l to 3
4 points in that group bringing many
4 0.ks 20 new high records for the
Nor. Consolidated Gas was actively
BRAIDED In, closing at net gain Of
h points and there was substantial
&mpr0vemcut also in Peoples Gas,
faClcde Gas and North American.
Columbia * Pacific Gas after an
rqrly display Of strength shaded a
b. on realizing sales.
The railroad list was featured by
tuo advance Of New York Central
bud Pennsylvania and New Orleans,
rIcNas & Mexico. Delaware and Hud-
Bon was pushed up over points,
but other changes were largely frac-
tional with gains and losses about
|cycnly divided. Several new favor
itcs were brought 10 the fore, notably
.Spicer, Texas Gulf Sulphur. Free
port, Texas and Viva Duo, most OF
which registered moderate gains.
Wilson company packing stock ad-
yanced more than "a points on
revival of merger rumors. Pool
operations were evidenced in some
OF these special stocks.
A Stccls and equipments were quite
ftve, but with the exception of
decline Of II in Baldwin. due largely
TO Weekend profit taking, the
changes In these groups were only
nominal. Merchandising issues, such
as Woolworth. Kress and May De-
Jartment stores were taken in hand
and pushed to higher ground. There
was fair activity also in copper
shares, gains OF ] point or more
being recorded by Utah and Butte
aui Superior with fractional gains
elsewhere in the list
Total sales approNimated 1901 900
shares.
Foreign exchange rates were again
Irregular but with a narrower range
OF variation. There was a renewal
OF offerings of grain and cotton bills,
but one of the outstanding develop
monts in the market was the supply
OF sterling and guilders against ship
mcnts OF flour, the offerings coming
direct from western points. Demand
sterling was never more than frac-
uonally higher, and Dutch held
steady.
cali money held steady at Az per
cent Time money rates continued
firm with only a moderate amount Of
business being transacted, but there
was fair market. for commercial
paper.
Pronounced weakness OF some OF
The Mexican government and
French municipal issues impaired
am Irregular trend in today's deal
i1gs in bonds on the New York
stock exchange
Mexican 4s and city Of Mar
se.ilrs rs were forced down l "a
while losses of l to 1-2c took
place in Mexican Is and large So,
LYONS 6s, Bordeaux IS and Paris.
Lyons Mediterranean Gs. Belgian
and Czecho-Slovakian issues also
We're inclined TO weakness, but Ca
-,'''NN b'llhS were III Eobu uetld nt,
the 5s of 1922 holding steady around
par
Mixed changes prevailed in the
railroad list. New Orleans, Texas
and Mexico IS were pushed up .
points, Frisco adjustment Gs reached
a new high level and gains OF
point or more were made by Chi
cago & Alton 3 1-2s and Minneapo-
ls. ST. Louis refundng As and 5s.
Chicago & Alton 80, however.
slipped back SAC ana recesslons
or a point or more were registered
uy Pennsylvania general 5s and St.
Paul As of 1925.
Liberty issues were irregular,
price changes moving within narrow
limits.
Total sales, par value, were St4,-
$4,000.
Standard oil.
,IoslnE. bid and asked prices Of stand
,,d on stocks as reported by Strandbcrg,
hcGroovy e Co: Bid Asked
"H" I'll.