Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1920-05-25
WALL STREET
Is1 noRNINa IouNnaL ssselAL LtAsEp VIA.

ts' MORNING JOURNAL SPECIAL LEASED wiRs
New York, May 24.-The session
or the stock exchange today was
ueNom of especial feature. aside
from the superficial character OF
Inc trading. Financial, industrial
and commercial developments over
me weekend seemed TO offer little
immediate relief from recent I'M
settled conditions.
Efforts TO place a favorable con-
struction on the low rate for call
loans, which renewed at 6 per cent,
the easiest Monday quotation in
several weeks, met with scant Sue
cess in the face of further strin-
gency of time rounds.
Deflation of credits made addi-
tional progress under supervision OF
the federal reserve board, as in
dicated by the higher rate of dis
count posted in the Atlanta district
and greater scarcity of available
funds in the middle west.
Signs of q break in the freight
blockade We're apparent. but mer-
chants at important eastern and
western centers reported further
diminution of activity and slower
collections, attributed partly TO the
price cutting crusade.
Mexican affairs assumed more
serious aspects, the shares of lead
ing oil companies operating in that
country being under constant pres
sure with low grade domestic issues
OF the same description.
Shorts experienced little Difficult
~ in effecting further price i'm
pairment of steels, equipments,
motors, the food group and rails,
the latter FORGETTING much of the
advance made on recent announce
ment of the establishment of the
governments revolving fund. The
one conspicuously strong stock was
Atlantic Gulf, which closed at a
gain of almost nine points. Sales
were 100000 shares.
Dealings in bonds were relative
ly light, the liberty and victory is
sues yielding part of last week IS
advance with several of the foreign
reissues, while domestic rails and
industrials were irregular. Total
sales, par value, aggregated $l7,-
$50. 600. Old United States bonds
We're unchanged on call.
Closing prices:
American Beet Sugar ...... $50
American Can .......,..... 3T5s
American Smelling & Ref'g.. So
American Sumatra Tobacco. S5A
American n. & r. .......... 922s
American Zinc ............ 1875
Anaconda Copper ......... 55
Atchlson ........ TIN
baltimore 4 Ohio ,....... 30es
Bethlehem Steel "B" ...... So
Butte and Superior ,...... 2OA
California Petroleum ..... 26&
Canadian Pacific ..........1l4h
Central Leather ........... 6S12
Chesapeake & Ohio ......, so d
Chicago, Mil. g. 81. Paul. 3Oh
Chino Copper .............. 301s
Colorado Fuel Il Iron ...... 80
Crucible Steel .120A
Cuba Cane Sugar ......... 491s
Erie ................. 1l1a
Great Northern Ore Gifts. -. 81
Great Northern Pfd ..,... II
Inspiration Copper ......... 49, |
Int. Mer. Marine Pfd. ...... S0R /,
kennecott Copper .......... 257s |
Louisville & Nashville ...... 97A
Mexican Petroleum .......1 III
Miami Copper .............. 1875
Missouri Pacific ........ 23A
New York Central ......... Sc q |
Northern Pacific ............ II %
Pennsylvania ........... 1875 !
Ray Consolidated Copper -. 16 Is !
Rep. Iron q Steel ........ Sc
Sinclair Oil & Refining. ... 29S !
Southern Pacific ......... 81 Is !
Southern Railway .......... 208
udebaker Corporation -. SOS |
Texas Co. .....,........ as
Tobacco Products ........ So
Union Pacific ia
United States Steel .,..... 90h |