Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1920-05-22

10y MORNING JouRHAL SPECIAL LEASED wIREl
New York, May 21.-WaA street
was in a more cheerful frame Of
mind today, this feeling finding
definite expression In san irregular
recovery of prices, even the mer-
curial issues participating to. an
appreciable extent.
Virtual reassumption by the gov
eminent of control of the country's
transportation systems as a means
of relieving the protrpcted ana
harassing freight blockade and a
spirited rally in Liberty bonds and
Victory notes from their acute de-
preston constituted the outstand-
ing factors. tf
1t was commonly believed that
purchases by the treasury. depart
ment contributed measurably to-
wards today's rebound of war flo
tations, but bond dealers asserted
much of the buying to private in
vestors attracted by the unusually
high interest returns.
General credit monetary condi-
tons manifested no symptoms of
relaxing from their high tension,
but from various quarters came
further assurances that the period
of REIMBURSEMENT had already
borne fruit. Considerable call
money was loaned at Z per cent.
The price cutting campaign pro-
ceeded with undated vigor accord
ing to reports received by foremost
financial and mercantile interests
and the effect of this increased de-
flation is expected to strengthen
the bank positions at centers where
reserves have shown greatest de-
clines.
In the stock market rails OF all
descriptions made extreme gains OF
one to two points, steels and equip
ments one to three and oils, leath-
ers and sundry spwcialties one to
four. In most instances, however,
these were reduced at the close.
Sugar, motor, textile and shipping
issues were under pressure. safes,
10000 shares.
With, one or two exceptions Lib
erty and Victory issues finished at
top prices, net gains running from
/ per cent in the first As to 3.O4 per
cent in the fourth 4As, Foreign
issues also were higher but the
domestic in general was Irregular
Total sales, par value. $24, ,0Oo.
Old United States bonds We're I'M
changed on call.
Closing prices: ~r
American Beet Sugar. ...... ~
American Can ....,..,..'.' "
American smelling & Ref'g.. 36A
Annarican Sumatra Tobacco. S5h
American Tel. & Tel. ....... 92a
American Zinc ....,....... IS
Anaconda Copper ........ 55R
htchiso, 7SA
paltimora g. Ohio ..... 31A
bethlehem Steel "B". .,... 81 "A
Butte q superior .......... 20h
California Petroleum ...... 2SR
Canadian Pacific .........ll4
Central Leather ,........ %
Chesapeake & Ohio ...... 81
Chicogo Mil e. st. Paul. 80
chino CONFER 30B
Colorado Fuel & Iron, ,..... ~
Cyucihle steel .124B
Cuba Cane Sugar .......''' ~
Ilrie 11h
Great Northern Ore Ctfs.... "a
Gfeot Northern pfd. ....... 71B
Inspiration Copper ..,.,s.,. ouA
Int. Mer. Marine pfd ....... SzA
ilannacott Conner rs "
Mexican petroleum .170%
Miami Copper ...........'' =
Missouri Pacific ........'.. z4%s
Montana Power .....,,.t,,s o9 "a
New York Central ........ o. ts
Northern Pacific .....,.... q
Pennsylvania ........... oSA
Raw Consolidated Copper. ~ "A
Poodino 81 u
Republic Iron Il Steel. ..... -6I rs
Sinclair Oil & Refining 81
southern Pacific ........... W
southern Railway .....,.... q 9s
studabaker Corporation 625s
Tevae Company .........i45 ASA
Tohacco prodncts .... SIS
Tnion pacific ............. 114h
United States Steel ........ VI 4s
man Conner ,,....,..... 67h