Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1920-06-04
WALL

lsf MORNING JOURNAL SPECIAL LEASED wrsrs
New York. June 3.-The tren,
OF todays sluggish stock marke
session was irregularly upward, al
tloush there were no very obvious
changes in general conditions az
tectlng intrinsic Values,
Shorts again deemed it adVisa BIZ
TO limit their commitments in view
OF the easier tone of demand loans
Call loans were abundantly offered
at per cent as compared with
tuesdays high rate of 10, but the
money continued extremely scarce
most loans being restricted to mid
year maturity.
reactionary tone prevailed in
foreign exchange, the London rate
Iorfelting most of yesterdays lat
ent strength. The Bank of Eng
land statement attracted attention
because of the large increase of
gold holding and a sharp reduction
of liability reserves.
In the steel trade there were ru-
mors of price cutting for fall and
winter delivery but this was neu-
tralized by an extension of the re-
cent inquiry for railroad equipment
and refined copper. the latter from
foreign sources.
Apart from the fluctuations of
selected issues still under profess
sional or pool guidance, rails were
the only features of note. En-
couraging crop reports exerted fur
Their beneficial effect upon shares
of western and southwestern roads.
Steels and affiliated equipments
were most prominent, with inter-
mittent interest in motor oil, food
tobacco and shipping issues. En-
IRENE gains of one to three points
were materially shaded or entirely
etfaced, however, in the moderate
setting at the close. Sales amount
ed TO 425,000 shares.
Any tendency toward bettermentl
in the bonds market was checked
by further persistent pressure upon
Liberty issues. Gross recessions IN
that group extended from Il to al |
most II per cent with rallies at |
the end. The general domestic and |
foreign bonds list was hesitant at |
slight changes. Total sales, par
value, aggregated sf3, 100000.
Old United States bonds were
unchanged on call.
Closing prices,
American Beet Sugar. ...... S915
American Can ........,... 38A
American Smelling & Ref'g. SO
American sumatra Tobacco. 81 /
American Tel. e Tel 93%
American Zinc .........., 14b /
Anaconda Copper ........ So L
AtcilsoH ...'......,.s.s. ~ n
Baltimore & Ohio .......... 32A
Bethlehem Steel "B". .... 89M
Canadian Pacific ...........113b
Central Leather ........... 65sa
Chesapeake & Ohio ...... 54A
Chicago. Mil. & st. Paul. &c. 80
Chlno Copper ......,... Blk
Colorado Fuel & Iron. ...... 80
Crucible Steel ..134L
Cuba Cane Sugar ..,...... 49h
Erie '...,.... ......,.... IL
Great Northern pfd. ....,.. TAN
Inspiration Copper ........ 521a
Int. Mer Marine pfd. ...... SAX
Kennecott Copper ......... 27K
Mexican Petroleum ........174A
Miami Copper ............. 81
Missouri Pacific .......... 26A
New York Central ........ 6SR
Northern Pacific .......... 73h
PENNSYLVANIA ........... ask
Ray Consolidated Copper. 17h
Reading ................ san
Republic Iron & Steel. ...... ssh
Sinclair Oil & Refining. 49,. 31B
Southern Pacific -. ........ 93 II
Southern Railway ......... 23as
Corporation -. 81
Texas Company ........... 47b
Tobacco Products .......... G7R
Union Pacific .113R
United States Steel ........ 92B $
Utah Copper .............. 6Sh