Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1920-12-16
wall. ST R EET
lBr Ths Assoclated Pressl

New York, Dec. 15.-The stock
market became heavy again today,
various anfavorable developments
in the course of the session de-
tracing from fairly steady opening
and provoking fresh selling.
Sentiment was rendered in
Increasingly bearish by news of nu-
merous dividend suspensions. fur
tier curtailment in steel and iron
production and renewed unsettle-
ment in several of the more i'm
portant commodities markets.
Adverse conditions in the metal
Industry were confirmed by an
nouncement of wholesale redue-
tion, beginning January next of
wages of copper miners.
The money market and foreign
Exchange were distinctly stable,
despite misgivings concerning the
kcrmer. Enormous federal income
tax payments caused no disturb
ance, being offset in large measure
by the heavy disbursements of the
Treasury department for interest on
Liberty bonds and maturing GER
tifcates of Indebtedness.
Quotations for call money were
easier than at almost any time in
the past fortnight, the rate Tor de-
mand loans falling to 6 per cent
in the afternoon. although most OF
the days accommodation were
made at per cent. me lower
rate for money failed to induce any
buying of stocks, however. mini
mum price being made in the flnal
hour when oils, steels and snip
pings were under special pressure
Net losses of one to three points
were registered by Mexican and
Pan-American Petroleums. Cruel
BILE. Atlantic Gulf. Baldwin Loco
motive, American Wooden, Corn
Products, Studebaker, Reading and
Southern Pacific, General Asphalt.
a new conner on the big board,
was distinguished for its gain of
5Ib points Sales of all stocks
Amounted to $4,000 shares.
Bonds were strong, the active
demand suggesting inquiries from
Investment sources, especially IN
old time railway bonds. Total
sales, par value. $21,550,OOO, Old
United States bonds were UNI
p1t Nhlls
Closing prices:
american Beet Sugar. ...'.' az
american Can ...,........ 23h
american Smelling Il Ret g.. VA
american Sumatra Tobacco. 40
American Tel, & Tel. ..... 81 Is
American Zinc ........... 6k
Anaconda Copper ........-' 81
Atchison S0b
baltimore G. Ohio ....... 32B
Bethlehem Steel "B". ..... 52
Bptte e Superior ......... 9%
California Petroleum ,...... "a
Canadian Pacific ..112 u
Central Leather .....,s... 50 "a
Chesapeake & Ohio. ....... 90 rs
Chicago, Mil. & st, Pau. ~
chino Conner 1S%
Colorado Fuel G. Iron. ...... 27H
Crucible Steel .........'.'. %
Cuba Cane Sugar .......... ~
Erie ,............. 12%
Great Northern pfd. ....... 7SB
Jnsniration Copper ......... 80 *
Int. Mer. Marine pfd. ...... AZ u
Sennecott Conner ........ 16 q
Iouisville & Nashville. $500. 99k
fNexican Petroleum .164 Y
Miami Copper ....,........ 10 a
Missouri Pacific .......... 17h
Montana Power .......... 40 u
New York Central ....... 69B
Northern Pacific ........-7 II "a
Pennsylvania ............ 40
Ray Consolidated Copper. -. Is
READING SO
Republic Iron & Steel..... 81 q
Sinclair Oil & Refining. "a %
Southern Pacific .......... " a
Southern Railway ......... ~ 70
Studebaker Corporation 80. 40 u
Texas Company ..43 u
Tobacco Products ........ 5Oss
Union Pacific lis %
United States Steel ........ ~
Utah Copper .............. soy