Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-09-30
MARKET NEWS
NEW YORK.
STOCKS.

STOCKS.
New York, Sept. 3O.-As succession
of confusing movements marked the
broad trading of today's market ses-
sion. Crucible fell back 3 1-2 points
with concurrent reactions of one to
two points in low priced oils, coppers
and food specialties. This was fol-
lowed by moderate rallies on buying
of equipments, shippings and leath-
ers. Baldwin, American Car, Atlantic
Gulf and Endicott-Johnson being the
most prominent features. The sec
ond reversal occurred before noon,
Mexican Petroleum falling 3 points.
Pan-American l ga: Royal Dutch 1
5-S and Houston Oil IL. There
were sharp breaks also in American
Sugar. Food Products, Wilson Pack
ing and United Fruit. Call money
apened at z per cent,
Crucible Steel's extreme advance Of
8 Ia points to 1876 was the s%pectacu-
lar feature in the early dealings on
the stock exchange today. Crucible's
rise was attributed to a drive against
the shorts. Changes otherwise were
extremely variable, gas and local trac-
ton shares Strengthening with a few
rails, while most industrials and spe-
cialties extended their recent de-
clines. Foreign exchange continued to
ignore further large gold imports, the
rate on London showing increased
weakness.
Some of the automobile shares
made new low levels for the current
movement at midday; S~tudebaker,
Pierce-Arrow, Chandler, General Mo-
tors and Willy-Oyerland common and
preferred showed extreme losses, OF
l to 4 points and leather issues be-
came heavier on further offerings.
Standard rails, especially Pacific
and grangers. were active at gains of
l to 2 IL points in the final hour and
industrials rallied slightly on short
LIBERTY BONDS.
noon were: 3 1-2's, 91.2S; first, as,
1910 bid; second As. 1890 bid. first
4 las, $500; second 4 LAS, 86.S2:
third 4 LAS, $3.50; fourth 4 las,
$3.50; Victory 3 3-4's, 1915; Victory
4 3-4's, $50. =
i. LIBERTY BONDS.
s1-2s. e1.1o first IS, $3.50 bid; sec
ond As. $40; first 4 las, $500; Sec
ond a las, 1920; third 4 Ids, $3.50;
fourth Alas. 87.O2; Victory 3 3-4s,
95.76; Victory 43-4s, 95.7s.
MONEY AND EXCHANGE.
New York, Sept. 3O.-Prime mer-
camille paper 8 per cent; exchange
easy. Sterling sixty day bills. s3.42.
Francs, demand, $50; cables, $3.50.
Lire. demand, Alb; cables, Ala.
New York eschange on Montreal, 9 ga
per cent discount. Government bonds
irregular; railroad bonds strong. Time
loans firm. s per cent. Cali money
strong; ruling rate. Z per cent.
METAL.
New York, Sept. 3O.-Copper weak;
electrolytic, spot and nearby, Is to
1S 3-4; futures nominal. Iron steady
and unchanged. Tin easy; spot and
nearby 1890: futures 1925; anti
mony 1875; lead weak; spot 7.50 to
7.75; zinc easy; East st. Louis spot
100 to 40.
PRODUCE.
New, York. Sept 30,-Butter firm
receipts 1926. tubs creamery higher
than extras 601-2 to 81; extras (9a
ecore) go: firsts (SS to 81 score) 81
1-2 to So.
Eggs irregular; receipts 1854
cases. Fresh gathered extra firsts
81 to So; ditto firsts 81 to 60.
Cheese Unsettled: receipts 1852
boxes; state whole milk flats, current
make. white and colored specialists
1-2 to 20 1-2 ditto average run 27 to
2S: state whole milk twins, current
make specials 20 Ia to 20 ga; ditto
average run 81 IL to %.
COTTON.
New York, Sept. 30.-Cotton : fu-
lures closed very steady; October,
1880: December. gals; January,
21.70; March, 21.35; May, 21.O5. '