Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1920-10-07
WALL STREET
(By The Associated Prass)

New York. Oct. G.-Industrials
and related specialties once more
dominated the trading on the stock
exchange today but the undertone
was conflicting with a preponder-
ance of losses among important
issues at the close.
News and general advices deal
ing with industrial and financial
conditions We're apace with the
markets uncertain course aside
from the investment situation,
which gave additional proof of its
inherent stability.
Several new capital issues were
in process Of completion and those
already offered were freely alb
sorbed, including the forty million
dollar issue of Swift & Co, which
was largely oversubscribed. EX-
listing conditions in the steel in
dustry reflect hesitation and I'M
certainty according to the Iron Age
which emphasizes the falling Oft
in buying orders. In the trade it
is estimated that September UNI
filled tonnage of the United States
Steel corporation will show a de-
cline of at least 10000 tons.
Steels of the better class and also
affiliated equipments seemed in
clined TO advance at times, but
were alphabetically affected by
the reactionary trend of special
ties, oils and unclassified stocks.
1t was among rails. however,
that movements were most bewil-
dering. Texas & Pacific was the
center of bear attacks, recording
net loss of twelve points on rumors
of proposed drastic reorganization,
while Reading rose to par for the
first time in three years. closing
fraction under its best and gaining
almost five points. Sales amount
ed to $4,000 shares.
Call money duplicated its move
ments of the preceding session, ris-
ing to s per cent in the afternoon,
but closing at per cent. Foreign
exchange was featured by the acute
weakness of Italian remittances
and an abrupt decline in the rate
to China.
Bonds. domestic and foreign, in
Gliding Liberty issues, eased slight
" on smaller dealings. Total sales,
par Nulutt dSSttSdltu CIV bVfHVusI
Old United States bonds were un-I
changed on call.
The lire was quoted at 3.93 cents.
The normal Or pre-war rate was
1890.
Closing prices:
American Beet Sugar. ..... 77%
American Can ............. 32B
American Smelling & Ref'g.. 62A
American Sumatra Tobacco. S95s
American Tel. & Tel. ...... 9S&
American Zinc ............ II
Anaconda Copper .......... 525s
Atchison ................ SSa
Baltimore & Ohio ..........47R
Bethlehem Steel "B". ...... 70B
Butte & Superior ......... 1874
Canadian Pacific .127 q
Central Leather ........... 44A
Chesapeake & Ohio ........ 67$
Chicago, Mil. & st. Paul. .... 42s
CHINO Copper ......... ~
Colorado Fuel & Iron. ...... "a
Crucible Steel ..130A
Cuba Cane Sugar .......... 80 Y
Erie zee. ~
Great Northern Ore Gifts. -. 33A
Great Northern pfd. ....... ssh
Inspiration Copper ........ 46h
Int. Mer. Marine pfd. 76A
Kennocott Copper ......... PAX
Louisville & Nashville .....,107 X
Mexican Petroleum .......1S87s
Missouri Pacific ........... %
New York Central ......... rs
Northern Pacific .......... 90%
Pennsylvania ............ 431a
Ray Consolidated Copper. -. Is
Reading ................ 99A
Republic Iron & Steel. .... II
Sinclair Oil & Refining. 80. 32S
Southern Pacific .......... 99A
Southern Railway .......... 32A
Studebaker Corporation 80. 5SA
Texas Company ........... SLY
Tobacco Products ......... 6s%
Union Pacific .............1277s
United States Steel ........ SO
Utah Copper .,........ So