The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1920-07-08
Status of the New York
Stock Exchange

NEW YORK. July s-rhe upward
trend % securities prices continued at
the stock market opening today. most
leaders not c-'ly holding Yesterday gains
but resisterlns additional small advances,
Stects and railroad Issues were the faNur-
itea
United states steel opened At s6g. M
~ baldwin at issN. W ~ American
Locomotive at iesN, w rntan Pacific
at ne, up y. Corn froduets at an,
M = Nanadium at ~, up I, Nradium at
ssA. unchanged American Car a foun'
dry at NV, up = n-Amefican at
les, up = Retail stores al sis. W y
American wooion at tot. w y. crucihle
rhs rank and file % traders took the
hearish side Of the market and were re-
ported selling short. especially In noh.ny
oii stocks. NAnaaium Steel. Baldwin to-
connective and the Tobacco lsau~s They
took the stand that the recovery had
reached its limit for the present OPP
pored "a these were reported the big op-
orators who werr responsible for the ad-
the bull side.
The call money renewal rate got down
to 7 PEE cent. Mexican Petroleum sold
s~~n GO ie6S. Oft from Wednesday.
Mids ale advanced y IN early trading
The ma-kpt developed new strength IN
the fourth hour. Cruvlhie advanced 60
ts1A and Nanacium recovered from seA
60 san, BALDWIN advanced TO ian. ard
American Locomotive 10 iQt M ~ net.
MotthinEton was quoted at sfN. up ~
Further selling ~ traders early IN the
afternoon had little effect on the mar.
krl Mexican Petroleum rallied peint
from It's early low Railroad coal stocks
held strong. rittseurg and we., Virginia
rhs market Was auiet AZ IN. clos.
Atlantic Cult was the feAturs. making
new hish on move Ia iegA. American
noseh Magnetic advanced Go . new hiHh
a. nay rronta-tskins In stocks which
have had sharp advances this week was
noticeable Tn Crucihie. studeraksr and
baldwin. Baldwin eleaed at t.s. Up = I.
Mexican Petroleum at fsss, off ~
General Motors AZ an up sfreneefs
at "a. up ieA Reading at sTs. Oft y
al SIN. ~ ! ~ Studseaker at ssN. W
y International Paper at sss. up ~
Atlantic uuit at isfA. up IL Natioaal
Aniline al fSk. up y.
NEW YORK. July s--rn. New rerh
Evening sun In its financial review this
afternoon said,
stock. extended their xains to-day on
a market which Vas very similar 20 the
preceding session. Of the week. Trading
was in sustained volume and tho buyins
included practically all gruups There
| Was nothing fr-ah IN the way Of news TO
stimulsts demand save q further relanA-
! ton in the call money rate. which re-
neUed at per cent as Akatnet PCT
cent and 10 per cent At the Close % last
| week The market opened with n burst
| Of buying In the Industrial shares. In
| the second hour there vas a pro-ouneed
switch OF buying into the railroad de-
/ partm-nt. which dsNeiopsd the greatest
| strength ard activity noted In some time
| Industrial shares. however. continued the
prime faNarites and offered more In the
way Of action than the rails. The equip
/ msnf stocks stood out prominently. with
BALDWIN above i.s and Americas Loco
motive around iet. a new hiEh on the
| movement spectacular advance Was
made ~ Houston Ou Of Is points 10 ~.
Ths SUGAR crop also cams In for insFsAs-d
attention."
Tne market closed Irregular.