Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1920-11-23
WALL EET
tRy The AsaociatAa Pressl

New York, Nov. 22.-In the YER
nacular of the speculative ele-
ment, the stock market today
turned the corner" the list al
most as a whole manifesting an I'M
mistakable disposition to throw off
the acute depression of the last
weeks. This Improvement. extend
ing from two to almost ten points
in many instances. was accomplish
ed in the face of renewed unset
tlement in other markets for lead
ing staples. notably grains and
other foodstutfs.
Events over Sunday recess were
mainly helpful to the recovery of
stocks. Local federal reserves
strengthened. call money dropped
to 8 per cent. the lowest quotation
in many months, after opening at
Z per cent, and it was generally
believed that many impaired ac-
counts had been taken over" by
strong interests at private settle
ment.
Foreign exchange also indicated
firmer conditions abroad. although
London reported further distrust
over the outlook for commodities
and contraction of trading in Sc
curities growing out Of the situa-
ton in Greece.
Industrial developments at home,
especially in the west and south
west, pointed to continued re-
trenchment, this being evinced by
the additional decrease In tonnage
-
ming out of Chicago and st. Louis.
AS was expected. today's great
est gains We're made by issues of
recent weakness in the steel,
equipment, oil and shipping divi-
sions The more conspicuous net
gains included Crucible Steel. SIS;
Mexican Petroleum, SA; Pan Am
encan Petroleum, 5A; Baldwin
Locomotive, SIS; American Loco,
8: Retails Stores. 8; Tobacco Prod
ucts. 5 Il, and Reading, az. other
gains among rails and specialties
extended from to points. Sales
amounted to 100000 shares.
Convertible railway bonds ben
Gifted chiefly by the rise in stocks
and Liberty issues also closed at
Gains. Total sales, par value. $13,-
$4,000.
Old United States bonds We're I'M
changed on all.
Closing prices:
American Beet Sugar ....... 50 x
American Can ........... 70 rs
American Smelling & Ref'g.. 45h
American Sumatra Tobacco TAN
American r, & T........... 99h
American Zinc ,.,........ TIA
Anaconda Copper ......... 41A
Atchison .............. S6A
Baltimore & Ohio .c,o. E.... 40
Bethlehem Steel "B" s.c.... 81
Butte and Superior 49,. II
California Petroleum ..... Is
Canadian Pacific ........ .1lSB
Central Leather ..,...... 39%
Chesapeake & Ohio ...... 64A
Chicago Mil. & st. Paul..... Sc
Chino Copper ........,.. 21h
Colorado Fuel & Iron. ..... 2S12
Crucible Steel ............ 80 B
Cuba Cane Sugar ......... 26A
Great Northern Pfd. ....... 81
Inspiration Copper ..... 30
Int. Mer. Marine Pfd.. ...... 56k
Kennecott Copper .... 2OB
Mexican Petroleum ......, 1853 a
Miami Copper ........... 17h
Missouri Pacific ,....... 23R
! New York Central ......., TIN
Northern Pacific ...... SSA
Pennsylvania ......... Al y
Ray Consolidated Copper -. liz
Reading .............. S9s
Rep. Iron & Steel. ........ 6SB
Sinclair Oil e Refining. $50. 27
Southern Pacific .........114B
|sSouthern Railway ....... 25&
Studebaker Corporation -. AN
|aTexas Co. ...........,... 49h
gTobacco Products ........ 54B
|lTnion Pacific 1922 "
limited States Steel ....... SSFs
Utah Copper ............ 52B