Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-04-21
NEW YORK.
STOCKS.

ing and poor earnings accounted for
the heayiness of low priced oils on
the stock market today, but the rep
resentative issues of that group con-
tinued to feature the further recovery
Of the morning at gains of 2 to s
points. In other quarters also the
market displayed considerable re-
Operative power after avery irregu-
lar opening. Independent steels adj
ded substantially to early advances,
especially Crucible. Vanadium and
Replogle. Shippingsl strengthened
with chemicals, but rails were moder-
ately ~reactionary. Call money opened
at Z per cen against Yesterdays first
quotation of s per cent.
Stocks were irregular at the OPEN
ing of today's trading. rejecting the
uncertain conditions of the previous
session, but advances exceeded de-
ments rose l to 3 points within the
first few minutes. There was a mark
ed demand for Crucible, Lackawanna
and Vanadium steels, S~tudebaker,
Royal Dutch, Shell Transport, Mexi-
can Petroleum and Baldwin and
American Locomotives. Food and
textiles issues were relatively back
ward. Short covering impaired a
further steadiness to the list later.
In the bond. market, however. Still
lower records were made by liberty
issues.
Shorts began another drive against
leaders at midday: steels, oils, mo-
tors. shippings and sugars fell 2 to
II points under early maximums.
Liberty motors became increasingly
weak; first Is, selling at 81 or $50
per 100 under yesterdays final price,
and h first a las at 49, or 10
under the previous low.
Motors, equipments and steels led
the feverish reaction of the last
hour. General motors and Baldwin
locomotive were the outstanding fea-
lures with the United States steel
below par.
The closing was weak.
PRODUCE.
strong; receipts ESQ. creamery creamery
higher than extras rs 1906:
creamery extras coz score) rs, frsts
(ss to 81 score) sS@74.
Eggs. steady; receipts 1920. stor-
age packed. extra irsts Al 1-2@4s;
ditto f1rsts IS 1-2@47. Fresh gather
ed extra frsts 46@47: ditto Arsts As
1-z@47. =
Cheese. firm; no receipts. State
whole milk Hats held specials, white
and colored 30@31; ditto average run
state whole milk current
make, specials white and colored 81
1-2@ 2s; ditto average III s26@27.
LIBERTY BONDS.
New York, April :1.-Prices at
1850 a. m. today were: 5 1-2's.
$3.50; first AS, unquoted; second as,
$40; first 4 1-4's, 89.40; second
4 las, $50; third 4 las, 9o.ss;
fourth 4 LAS, 1884: Victory 3 3-4's,
1910; Victory 4 3-4's, 80.
MONEY.
New York, April 21.-Mcrcantile
P %eak. 6 s ae4&s per si. cent; , exchange a;,s.
3.s7 s-4; demand, 3.s2; cables,
s.92 ga. Francs, demand, 1857:
cables. 1885. Lire, demand, 22.62;
cables, 22:so. Marks, demand, 1.S5;
Government bonds weak; railroad
bonds weak.
Time loans strong, 5 1-2 per cent
Call money steady: ruling rate Z.
METAL.
New York. April Chopper quiet;
electrofytic spot and nearby IS ga
@19 If; May, June and July, 10 IA
@19 1-2.
Iron steady; prices unchanged.
Anthony, 1862 1-2. Tin easier;
spot. 62.25; May, June. 60.75.,
h Metal Exchange quotes lead
dull; spot and April, 800 offered;
East st. Louis delivery spot and
April, $40 offered.
COTTON.
New York, April 21.-Cotton flu
lures closed steady: May 4o.s5; July