Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1920-11-10
WALL STREET
cRx Tha Associatsd Pressl

New York, Nov. 9.-The stock
market was again very feverish
and unsettled today with many ad-
ditions to the already impressive
list of low records for the year
while United States Steel, long a
recognized leader, fell to S3A, it's
minimum quotation since 1917.
Liquidation was at it's height in
the final hour. transactions for
that period aggregating 100000
shares. Selling was then most
urgent in oils, steels, equipments
and rails. Mexican Petroleum max
ing q net loss of ten points. Cru
chile, Vanadium, American Smelt-
ing, Baldwin Locomotive. Reading,
Northern Pacific. Southern Pacific,
= United States Rubber, American
Sugar, Tobacco Products and Re-
tail Stores embraced the other
weak issues. losing " to 5 II
points. Sales amounted to 1,375,-
600 shares.
During the early and interme-
date sessions there were indlca-
tons of short coverings in the
more representative rails and OILS,
but industrials and specialties met
with no support, even at pro-
nounced concessions. The day was
not without its brighter aspects,
such as a moderate rally in for
eign exchange, especially the Brit
ish rate, and offerings of time
money over the year-end. These
favorable developments were more
than offset, however, by further
advices of trade reimbursement and
lower commodity prices.
Banking interests. so far as they
discussed the stock market at all,
regarded the continued reaction of
q logical corollary of existing fl
nancial, circumstantial and indus
trial conditions, but were hopeful
of early relaxation of the long pre-
vailing credit strain.
Bonds were not materially eff
fected by the upheaval in the stock
= market until toward the close,
when most domestic and foreign
issues became more sensitive. re-
cording variable net losses, Lib
erty issues We're under especial
pressure at the end Total sales,
par value, aggregated $14,275, 1000.
Old United States bonds We're I'M
changed on call.
Closing prices:
American Beet Sugar. ..... 20
American Can ........... 27B
American Smelling &c Ref'g.. %
American Sumatra Tobacco. n Is
American Tel, & Tel. 100 Is
Anaconda Cooper ...... 49A
Atchison So "
baltimore & Ohio ,...... AN
Rethlehem Steel "B" ..... 631a
Butte a. Superior .......... 10 n
canadian Pacific 1920 II
Central Leather ......... 3S&
Chesaneake 81 Ohio ........ sc 70
Chicago. Mil. & st. Paul. -. 391a
chino Copper ............ 241s
Colorado Fuel & Iron. ~ "
Crucible Steel .............lO ivy ~
cuba Cane Sugar ....... 20 %
Erie 1G
Great Northern Ore Ctfs.... 81
Great Northern pfd. ....... S55
Inspiration Copper ......... Az
INT Mer. Marine pfd. ...... 615s
Kennecott Copper ........ 22
Louisville & Nashville. ..... .1O4 q
Mexican Petroleum ..16G y
Miami Copper ............. ~
Missouri Pacific ......... "a a
Montana Power .......... W y
New York Central ........ rs u
Northern Pacific ..,........ 81
PENNSYLVANIA. AN
Ray Consolidated Copper. IL x
Reading ....,.,.., ''.''' %
Republic Iron & Steel. ...... 90 y
Il Sinclair Oil & Refining. 26 Y
southern Pacific no II
"A southern Railway ......... ~
K Studebaker Corporation -. 54H
s2 Texas Company ............ 10
VA Tobacco Products ......... b9 X
$f Union Pacific ............1 24
E United States Steel ....... SO
E Utah Copper .............. Sc Il