Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-12-09
NEW YORK.
STOCK.

New York Dec. a.-Shorts werc ac-
tive at today's market session, but
the character of the selling seemed
to point conclusively to further en-
leum lost 1-2 points and other oils
added l to 2 to early recessions, ex-
cepting Royal Dutch. which hardened.
Motors and their accessors. copper
and food shares Suffered rcvcrsals of
l to 5 points.
Shipping sagged and heaviness was
shown by rails. Southern Pacific
b company's segregation plan was
announced. Among unclassified spe-
cialtics, Sears Roebuck was weakest,
losing 21-2 points. Conditions in the
money market were unchanged, call
loans opening at Z per cent.
Pressure against oils, motors, steels
and specialties. particularly food,
sumed at the heavy opening of today's
stock market.
Mexican Petroleum fell 3 points and
Pan-American. Royal Dutch, Texas
Company and Houston Oil lost l to
l 1-2. White Motor dropped LIP on
prospective reduction of the dividend,
Crucible Steel forfeited 2 points with
as much for Virginia-Carolin Chem
ical.
Corn Products lost one point. Stude-
baker, Bosch Magnetic and Bethle-
hem Steel were heavy as were ship
pings, notably Atlantic Gulf. Rails
were steady at the outset but cased
with the general list within the first
hour.
Investment rails gave way during
the mid-session, Reading, Chicago
and Northwestern, Union Pacific, Can
adam Pacific and Atlantic Coast Line
falling l to 3 points.
Mexican Petroleum's loss was ex-
tended to. nearly six points. Mercan-
tile Marine preferred declined 2 3-S
and Chemical shares made further re-
cessions.
Such stocks as American Sugar, Ma
tional Biscuit, Corn Products, Ameri-
can Agricultural Chemical and Great
Northern Ore at losses of 2 tt 8
points featured the later dealings; oils,
rails n steels making moderate raj
lies On short covering. The closing was
heavy. Sales appropriated 1000, 900
shares.
LIBERTY BONDS.
New York, Dec. 9.-Prices at noon
were: >s LIS, so.4o: first As, $3.50
bid: econd As, $3.50: first Alas.
sG.38; second 4 las, S5.74: third 4 Las
1926 fourth 4 LAS, $500: Victory
s3-4s, s5.46: Victory 43-4s. 1852.
PRODUCE.
New York, Dec. 9.-Butter firm;
receipts, 3,5o3 tubs; creamery higher
score), 53@53 L.; firsts (SS to 'a1
score), 4l@51.
Eggs firm; receipts. 4,s75 cases;
fresh gathered extra firsts, 5000;
ditto, firsts. s5@S7.
Cheese steady; receipts, 1914 boxes;
state whole milk flats, held specials.
carly made. 81 1905; ditto, fall
"a 1-2@25; state whole milk fats.
fresh specials, 24@24 IL; ditto aver
age run, % 1908 1-2.
Poultry alive steady; chickens by
freight &c; by express 26@2S; fowls
24@29; old BOOSTERS 1908; turkeys
5000; dressed quiet; western tur-
keys fresh 45@52; others unchanged.
MONEY.
New York, Rec. 9.-Prime mercan-
tile paper Z 3-4@S per cent. Exchange
steady; Sterling go day bills 3.39 3-S.
Francs demand 5.35, cables 5.87. Lire
demand 3.51, cables 3.53. Marks de-
mand 1872, cables 33.tGreece demand
7.45. New York exchange on Montre-
al 10 Z 1-6 per cent discount.
Government bonds irregular. Rail-
oad bonds heavy. Time loans firm;
60 days, 80 days and 6 months Z 100
Z "a per cent. Call money steady;
high Z; low z; ruling rate Z.
METAL.
New York, Dec. Cooper steady;
electrolytic spot and nearby IS $40
IA; first nominal; 14@14 IA. Iron
nominal; No. l northern $500; No. 2
northern $500; No. 2 southern $500.
Tin steady; spot and nearby $500
5000; futures 37.0O@37.25. Anthony
SIS a $50; lead dull, spot 500; Zinc
steady; East St. Louis spot 6.25@6.30.