Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-01-28
MARKET e NEWS f \ 5
NEW YORK.
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.f29.sH #tIHEL Fa=fe.s lNlHEF4E EaIE L5-@te
New FORK. Jan. 2Ss-Covering sof.
.pars and motor specialtteseAccountsNs
largely for the rise OF tho first house
OF today's' stock market. .
Tobaccos, textiles and feathers also
hardened. and standard rails were
moderately higher. Much OF the adj
vance was forfeited before oon how
ever, Mexican petroleum and General.
Asphalt declining 70 or below yes
terday's final prices. III
The market became dull on the re-
action. shorts hesitating to press their
advantage.
Call money opened and renewed
into next week at z per cent, but Of
feriHgs were less liberia! than recent
~.
A Arm tone attended the initial
dealings in the stock market today.
Sentiment among the traders was ia
vorably influenced by the large sub
road $4,000, 600 bond offering. steels
and oils were the strongest features,
together with equipments, shippings
md coppers. Crucip.e4 and Lacka-
wanna Steels made eraly gains of one
point each and Mexican n Pan
American Petroleums, American Lin
seed and United Fruit advanced large
ifractionsto l Ia points.
Rails were featured by Reading,
and Mexico. Foreign exchange was
irregular. the British rate falling
moderately from yesterdays high
Trading came almost to a stand
still during the mid session. the mar
ket holding half way between high
and low quotations of the morning.
The only striking exceptions, were In
dustrial alcohol'and American linseed
on very moderate dealings.
The list registered further improve
ment in the last hour under the influ-
ence of rails n equipments, also
the low priced oils. The closing was
firm. Sales unprecedented 475,OOO
shares. ... ~
PRODUCE. #5
s.S&ssNew York, Jan. 2S.--Butter weak
err; receipts 1898; creamery higher
than extras 50@50 1-2; creamery IA
tras 90 score; 40 1-2; creamery, first
SS to 81 score 43@4S 1-2.
Eggs weak; receipts 17,140; fresh
gathered extra firsts So; fresh gather
ed tirsts 59@61.
Cheese irregular; receipts 276; state
whole milk flats held specials &c a
state whole milk flats fresh specials
24@25 1-2; ditto, average run % 1-2
! @24.
METAL.
New York, Jan. 2S.-Copper dull;
: electrolyt!c spot and first aQuartet
I2 3-4 to- 49,; second quarter nomina+;;
iron steady and ~unchanged; tin easy;
spot $3.50: futures Bats: lead dull
spot ATS; antimony spot 5.35 to 5.62;
zinc easy, East st. Louis spot 5.15
to 5.25.
MONEY.
New York, Jan. 28.-Prime mercan,
tile paper 7.3-4 to 8; exchange heavy;
francs demand 6.85; cables 6.87; lire
demand 3.72; cables 3.74 marks de.
mand 1913; cables LA; Greece de.
mand $50; Argentine demand 1887
Montreal 1S 1-2 per cent discount;
government bonds easy, railroad
bonds firm; time loans firm, n to z l.:
! per cent.
Call o firm: high, low, ruling
rate Z per cent; closing bids s; offered
at I; last loan Z, bank aceeptance:
5 "a. t. ~ : q n.y.
LIBERTY BONDS.
New York, JAM 28.-Liberty bond.
at noon were: LIS. 91.96: first as
$40; second 4s, $40; first 41-4s
$3.50; second Aids, 1926; thire
Alas, 1920: fourth 4 LAS, 1854
Victory 8 3-4s, 97.38; Victory 4 3-4s
1886.
COTTON.
- New York, Jan. 28.-Cotton future!
closed virtually steady. March 14.4S
May 1885; July 1920; October 1882
December 1857. sss,;a4Lsegss:a4a "a;