Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1920-08-26
WALL STREET
LsY MoaNIsa IouRnAL .sgeIAL lEAasn Mlar.

tvf MORNING JOURNAL SPECIAL LEASED WIRE.
New York, Aug. 25.-On the
largest and broadest turnover of
almost any session so far this sea-
son, the stock market today broke
into new high ground. Firmer
money and the temptation to take
profits proved paramount in the
later dealings. however. an irregu-
lar to heavy tone ruling at the
close.
Developments ever night and to-
day Offered ground for encourage
mont, particularly the marked i'm
p,ovement in the military and po-
litical status of European affairs.
Better conditions also prevailed
III the international credit situa-
ton. Rates on London rallied
about cents to the pound when
pressure of bills to that center re-
Taxed with consequent ease of con-
tinental rates, notably French, Bel
gian, German anS Italian quota
tions, the Dutch rate proving an ex-
ception.
For the first time this week call
money evinced a higher trend, de-
mand loans rising to s per cent in
the final hour after having been in
free supply at usual Z per cent rate.
Additional time funds for short
periods were available at an aver
age of So per cent.
Mixed industrial conditions were
reported by authorities. The Iron
Age. referring to the unweildy ac-
emulation of untitled orders, In
\ the trade unusual interest attaches
to, the price policy of the United
States Steel Corporation for 1921,
upon which much future business
appears to be predicted.
Motors and their subsidiaries and
also the leading oils comprised the
only consistently backward stocks,
the Bethlehem Motor receivership
provoking pressure in that and af-
filiated issues. Rails and shippings
were most stable, the latter re-
spending to prospects of higher
freight rates. Sales, 625. 900 shares.
Moderate buying Of investment
rails and the further irregularity
of Liberty and International Issues
We're the only features Of the more
active bond market. Total sales,
Tar value. aggregated S9,200,oO0.
Old United States bolis we're llii-
changed On call.
Closing prices:
American Beet Sugar. ..... 74R
American Can ............. 34h |
American Smelling & Ref'g.. SIS Il
American Sumatra Tobacco. IS
American Tel. & Tel. ....... 90 u |
American Zinc ............ 121a
Anaconda Copper .......... SO Il
AlCnlSOn '..'''''' ''''''' %
Baltimore & Ohio .......... SO
bethlehem Steel "B". ...... II
Butte & Superior ....... 19&
California Petroleum ....... 2S1s
Canadian Pacific .119R
Central Leather ........... % "
Chesapeake & Ohio ........ 57B
Chicago, Mil. & st. Paul.. "a Is
Chino Copper .............. ~
Colorado Fuel &c Iron. ...... &c "a
Crucible Steel ............136B
Cuba Cane Sugar .......... sc
Erie 'ss.' 10
Great Northern Ore Gifts. -. 32k
Great Northern pfd. ........ 72%
Inspiration Copper ......... 46A
Kennecott Copper ....... "a
Louisville & Nashville ...... 100R
Mexican Petroleum ....... .16OA
Miami Copper ............. 1914
Missouri Pacific ......... 25%
New York Central ......... 72k
Northern Pacific .......... 73&
Pennsylvania ......... 41A
Ray Consolidated Copper. Is
Reading ................ 91M
Republic Iron & Steel. ..... IS |
Sinclair Oil & Refining. .... 27R
Southern Pacific ........... SAW |
Southern Railway ......... 27B
Studebaker Corporation 80. cav |
Texas Company ........... AIN |
Tobacco Products .......... 65& |
Union Pacific ............118h
United States Steel ........ S9A |
Utah Copper .............. 61B