Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-05-03
MARKET NEWS
NDw YORK.
STOCKS.

.,Ht . f..-.. 0xVSUASs ali n .rs#a.ErI
New York, May s.-ppenins ad-
vances on the stock market today
the result of absence Of.
May day labor troubles sIbsided as
the buying power had run its curse.
Shorts then resumed their recent at
task on such issues as American
Wooden, Crucible Steel and General
Motors, in which reactions ranged
from s to IL points, other leaders los
ing 1 to s. Last, weeks indifferent
bank statement and indications of a
continuance of the recent high rates
for call money also contributed to the
setback. Trading became dull az
prices yielded and demand loans
opened at . per cent. There was
further liquidation of Liberty bonds,
the 3 1-2's and the third 4 1-4's max
Ing new low records.
Trading on the stock exchange to-
day opened with a nun1beF of sub
stantial advances. sentiment evident
~ being encouraged at the absence
Of labor disturbances during the May
day recess. Motors reported many
buying orders from interior points.
General Motors was the strongest
feature at the outset, gaining five
points. Replogle, Studebaker. Bald
win and Mexican petroleum gained
l to Ia points. The demand for
AAAS0 "&o A44AS ~. NA0oAAeA <AA~AAoSC'
ing the petition Of the government
for a eopening Of the United States
steel ease and the decline Of cali
loans to z per cent caused hurried
covering of shorts in the later deal
ings. The closing was firm.
The supreme court decision deny
No important setback took place.
Alb cents net higher with July 1.6S
Ia TO 1853 1-2 and September 1.6O
1-2 to 1.60 7-S.
HeAviness became more acute dur
ing the noon hour. the Mexican ST.
uation being added as another un-
favorable development. General Mo-
tors extended Its losz to almost 20
points and Crucible steel showed an
extreme decline&of over ten. other
were two to six points under last
: weeks final prices.
MONEY.
New York. May 3.-MercAntile pa
per 8 s-4@7; exchange stront; ster
ling sixty day bills $50: demand S.S.
1-2; cables 3.S5 Ia; francs demant
1853; cables 1851: lire demand 2s.07'
cables 2e.o5; marks demand la; e.
railroad. bonds irregular; time loanG
strong: 3 &1-2 per cent.
Call money strong; ruling rate Of
cents. 3' (
PRODUCE.
New York. MAY 3.-Butter unsettled
receipts 7,lsb; creamery higher thai
extras IS 1-2@ 64:s creamery extra
(32 ecore) 90 100 ss: creamery first
(Ss to 81 score) 50 1-2@62.
EGGS irregular: receipts 12.552
storage packed extra frsts ~ $40 aS
frsts 46@47 la; fresh gathered extr,
hrsts Is 1904 1-2; flrsts 43@4s.
Cheese firm: receipts 1871; stat
whole milk fiats held special. whit
and colored 80 1-2031; do avcrag
run 2S@30; state whole milk currcn
make specials, white and colored. ,
1905; ditto average run 26@ q; /,
Live poultry steady; fowls S5@s6
r~oosters 26; dressed steady: wester
broflers frozen 3S@51; western chick
! ems frozen 37@42; western fowls fires
1904; ditto frozen 500 a.; old roost
ers fresh ESQ %; ditto frozen 2S@29
turkeys frozen 51@65.
=" LIBERTY BONDS.
New. York, May s.--rrices at 1856
a. M, today we're: 3 1-2's $40
first IS $3.50; second rs 1910: frs
1-4's $3.50; second las $500
third 4 las $3.50; fourth 4 la
$3.50; Victory 3 s-4s ss.ss: Victor!
3~-4s"sS!52.
METAL.
New York, May 3.-Copper quiet
electrolytic spot and nearby - sA t
- If; June and July 10 Ia; irol