Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1919-10-19
TRADING IS DONE
WITH CAUTION ON
STOCK EXCHANGE
Undertone of Market Suggests
Cautioni International Stu
alton Again CIouded By Ad-
vices From Abroad,
10y MORNING yeuan.. srtelll .-.sso wlssl


New York. Oct. 18.-Trading in
the stock market this week lost none
Of it's recent feverish activity. but the
undertone suggested greater caution,
despite the extravagant operations of
cliques and other professionals IN
speculative issues.
Admonitions from conservative fl
nancial interests concerning the eX-
pansion of credits were natural
Coronary of the further Increase of
brokers' loans. These. according to
reports, probably reached the high
mark of the midsummer and We're ac-
companied by record loans and dis
counts at the clearing house.
Can money several times rose to Is
per cent, while time accommodations
became increasingly scarce with only
moderate offerings available at a
to % per cent for the shorter ma
TURTLES.
These quotations were in striking
contrast to the easier rates which
marked extensive purchases of COM
mereial paper by interior banks.
Prime Endorsements ruled at 8 per
cent with a to 5 Y per cent for less
acceptable offerings.
The higher rates demanded of
brokers and their clients resulted in
part from the payment of semi-an-
nual interest on the 4 per cent fourth
Liberty loan, which involved an out
lay of almost 0.000,000
Aside from the money stringency,
developments affecting the securities
market were regarded as more en-
couraging, notably the better labor
outlook
The international financial situa-
ton was again clouded by another
adverse movement in foreign ex-
change on London and continental
Europe and the very unfavotable
French foreign trade balance for the
eight months of the calendar year.
Closing prices:
American Beet Sugar ......... ~
American Can ................ % "A
American Smelling & Refining. AZ
American Sumatra Tobacco. ...1 los
American Tel. & Tel. 100
American Zinc ....,.......... ~ Is
Anaconda Copper ......'.,'.' % u
AtchISon ............... t'.#'.'' u
Baltimore & Ohio. bid. .,....., 40%
Bethlehem Steel "B". 104 y
Butte & Superior ............. 70
California Petroleum ......... 81 u
Canadian Pacific .............l 5l 1e
Central Leather ,........,,.....lo Va y
Chesapeake & Ohio ........... 59A
Chicago, Mil. & st. Paul. ....... 43 a
Chino Copper. bid ........... 43
colorado Fuel & Iron. ........ 44t2
Crucihle Steel ...............,2 3b
cuba Cane Sugar ... 42H
Erie 1872
Great Northern Ore Gifts. ..... 43l2
Great Northern pfd. .......... SO
Inspiration Copper .,......#.... 81 V
Int Mer. Marine pfd. ........l 10 4
Kennecott Copper ........... 351s
Louisville & Nashville $1,000. 1857
Mexican Petroleum ...........-250F x
Miami Copper ........... 26%
Missouri Pacific ..... 2S%
Montana Power ~ 65
New York Central ....,...... 1914
Northern Pacific ............. SO p
Pennsylvania .............. 48%
Ray Consolidated Copper. .-.,,. 23A
Reading .............. S2h
Republic Iron & Steel. ........ SO "a
Sinclair OIL &. Refining ....... SO y
Southern Pacific ............ 10SA
southern Railway .....,,..... 25l3
Studebaker Corporation 1900. 134A
Texas Company ..............2 S4
Tobacco Products ...........1041a
Union Pacific ....,......,...12
United States Steel ...........1 los y
Utah Copper .......,,5... 81