Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1920-05-21
WALL STREET

Enr AoRslHo JOURNAL SPECIAL LEASED wlasl
New York, May 2O.-Another
impressive selling movement look
place on the stock exchange today.
the bulk of the enlarged dealings,
according to popular opinion again
representing involuntary liquida-
tion resulting from the increased
Tightening of credits.
Aside from this development,
which was strengthened by advices
from all sections of the country,
indicating an extension of the cam
paign against high commodity
prices. there were no specific events
In explanation of the further reac-
ton.
Standard shares suffered in
equal measure with speculative is
sues, testifying to the insistent ma
ture OF the offerings, These were
again traceable in large part to
out-of-town sources, mainly west
ern and southwestern centers, al
though New England also was re-
ported as heavy seller of copper.
In the final hour. following an
other dip in prices to the days
lowest levels, a spirited rally set
in, oils and sugars leading at ex-
IRENE gains of two to seven points.
Steels, equipments, motors also
were carried upward by the re-
bound, which effaced many of the
more extensive losses of the ses-
sion and contributed largely to the
almost steady close. Sales totaled
100000 shares. Plenty of call
money was available at per cent
after the usual opening quotation
of z, but brokers reported no
change in the long prevailing
sringency of time money. all loans
of that character being limited to
renewals.
The weekly statement of the
Bank of England failed to confirm
recent rumors of further gold ex-
ports from London, nor was there
anything in the local sterling rate
to bear out such reports. The only
noteworthy change in foreign re-
mittances was the further strength
of German exchange.
Liberty bonds kept pace with the
stock market. rallying briskly from
their new low records, but the
general bond list was heavy. Total
sales, par value, aggregated SAL
10000.
Old United States Is lost one
quarter and the As three-quarters
per cent on call, others of that
group remaining unchanged.
Closing prices:
American Beet Sugar. ...... CO.'S
American Can ...,......... ASK
American Smelling & Ref'g.. 81
American sumatra Tobacco. S51a
American Tel. & Tel. ....... 80
American Zinc 49,. 13A
Anaconda Copper ......... 55
AtchlSon ............,..- -
Baltimore & Ohio -. 30N
Bethlehem Steel OBJ. ...... SIX
Butte & Superior ,......... 20A
California Petroleum 5000. ~
Canadian Pacific .113A
Central Leather ........... "a
Chesapeake SC Ohio $500. 81
Chicago, Mil. & st, Paul. 313s
chino Copper .............. S0%
Colorado Fuel & Iron. ..... ~
Crucible Steel .............127h
Cuba Cane Sugar ........ 6l9s
Erie Tx
Great Northern Ore Cts. 34A
Great Northern pfd. ........ II
Inspiration Copper ......... 50A
Int. Mer. Marine pfd. ....... az
Kennecott Copper 49,. 25B
Louisville & Nashville. ..... W
Mexican Petroleum ........lfe
Miami Copper +,.... ...sss. IVA
Missouri Pacific ........... 238
Montana Power .......... 6SR
New York Central ......... 6f
Northern Pacific ........... I'M
pennsylvania ............ 39B
Ray Consolidated Copper. l6A
Reading S1h
Republic Iron & Steel. ...... SS
Sinclair Oil & Refining -. 32h
Southern Pacific ........... w
southern Railway ...,...... IVA
Studebaker Corporation 80. 63
Texas Company .......... 45k
Tobacco Products .......... 61&
Union Pacific ..... ia
united States Steel ........ 81
Utah Copper .............. DO "A