Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-08-18
MARKET NEWS
NEW YQRK
.TnMKE

New York, Aug.s18.-Early 8alnes
were extended for n time onssthe stock &
exchange to-day but shorts renewed
their aggressions when rails and
equipments became dull. Ketentio
Of the s per centscail many rate was
another d~iscouraging feature.sgGuba
cane preferred, SuTnatra Tobacco,
National Enamel and Stud ebaker de-
clined two to Almost four points. q
foreign oils againEwere. freely offered.
General Electric, Harvester,
Roebuck, United States Rubber.s,
American Car.,SlCorn Products addgNasa
stYonaf Biscuit eased one to two points.
more popular steels1 and equipments.
Rails and equipments carried yea
terday's rally to greater lengths at
the opening of$today'sS stock market.
Shorts evidently were Sapprehenstve
of financial relief for the transporta-
companies before the congress
sional: recess and covered contrasts
In these issues. Reading Northern
Pacific, Southern Pacific, Baldwin,
pullman and Westinghouse Electric
averaged one point etins. Oils :sweres
irregular, Mexican Petroleum easing
slightly, but soon recovering. Food
and tobacco shares were lower and
NEUTRALITY-SUSPICIOUS. ON which dividend
action Is expected today, also .rea0ee9.
The market hardened again during
the dull mid-season. Mexican Pc
troleum made up it's loss. Stude-
baker recovered half its decline and
strength OF American LOCOMOTIVES,
whichsrose one and sone-half points,
other equipments as we'll as steels. =
Further buying Sof rails enlivened
the later dealings. PAcifics and
coalers showed gains Of / to nearly a
points Industrials also We're better.
Studebaker. proving the onlys¬e-.
worthy exception. The 2cIosingy.Swas
firm. Sales approxiimated 100000
,< PRODUCE.
- New York, Aug. 1S.-Butter weak
receipts 1858; creamery, higher than
extras, 43 LAG 44c; creamery extras,
90 score, AZ 1-2 @43c; creamery
firsts. Is to- 81 score. 38@42c.
Eggs unsettled. receipts 2s,736;,
fresh gathered extras. firsts, 81 @41c:-
fresh gathered irsts, $34@2Tc. 5s &
Cheese, irregular; receipts 2,So0s
state whole milk fats, fresh specials.
1-2c; state whole milk twins specials
21@21%1-2c; average run 20@ 20 lie
Call money, easier highs low
: 1-2; ruling rate 81 closing bid 5S1-2.
MONEY. /.
New York, Aug. 1S.-sPrime mer-
camille paper s. to s Ia; exchange
strong; sterling 6o-day bills es.ss1-s.
Francs demand 7.77; cables
lire demand 4.s4; cables +4,s4s1-z:
marks demand 1.2OS1-2: cables 1.21.!
Sweden demand 2l.ss; Norway de-
mand 1906.
Montreal DTS per cent discount
~Goyernmetn bonds irregular; rail-
road bonds firm.
Time loans easier: 50 days, so days
and six months s "a to s per dent.
COTTON. Il
New York, Aug. 18.-Cotton futures
closed very steady; October, $12.9S;
December, $13.41; January S1s.46;
March, S1s.72; May, s13.s4.
LIBERTY BONDS.
New York, Aug. 18.-Liberty bonds
closed: sh's $3.50; LIST As. $3.50;
End AZ, SITS; first AS, $3.50; sec
ond AVS. 87.7s; third Is, 1896;
1872; Victory Az /. sss.7s.
METAL, e4g
New York, Aug. 18.-Copper quiet:
electrolytic spot and nearby 100
IL Id; later IL 1902 Ia.
Tin steady; spot and nearby $500;
Iron frmer; No. 1 northern $500
@s22:oo:; No. 2 northern. 100000
Lead quiet; spot $4!4o.
Zinc dull; East st. Louis delivery
spot $4.20@t4.z5. ~ (9s
Anthony spot $3.50. "