Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-08-26
NEW YORK
STOCKS

New York. Aug. 25.-The toc
market today consistently followed
its recent reactionary course Ldquida1
ton and short selling caused many
well as vulnerable issues. ~ ~ 5fFssssf
Easier money rates, the further
strength of foreign exchange and
adoption of the farm credit bill by
the senate evidently played no part
in the calculations of traders, being
n~eutralized by the keener competition
in the steel industry and other UNI
favorable. factors. :.
Gross declines Of l to 6 points
were sustained by oils, steels, equip
ments. coppers, rubbers, textiles, to-
baccos, chemicals and an array of
miscellaneous issue which figured
conspiciously during the war boom.
Investment rails and standard In
dustrials of the type mainly repre-
scented by United States Steel were
strong early, although giving away
moderately when the remainder of
the list was under attack.
Prices were lower at the start, but /.
strengthened before noon, only to re-
tract again in the last hour of the
session. Mexican petroleum featured
the setback. dropping from 91h to
Bah a new minimum. Making up
virtually all of its loss, Mexican closed
OF o. ACS NOSAA11O VI d xIdSIAOllA -r-tR aHS-.r
Junior oils, also shippings, motors
and tobaccos developed greater weak
ness in final dealing. Heavy selling
of American International, Pierce
Arrow and Sumatra Tobacco then
offset rallies elsewhere. Sales amount
ed to 100000 shares. =
Call money ruled at 5 " per cent
but much of the days offerings wa
at 5 per cent. In private negotiations
and with Liberty bonds as collateraLs6
money vas ~jobtainable at 4 per cent
British and other European ex-
changes were materially better, COM.
tinental rates rising from five ito
about Is points.
~Industrials, especially coppers and
shippings. were among the heaviest
features of an irregular bond market,
fraction over y Of one point. Total
sales (par value) $S,575,000. e
PRODUCE.
New York Aug. 75.-Butter firm,
receipts 10,883; creamery higher than
extras 42@42 H.; creamery extras.
81 score, 41@41 Ia; creamery irsts,
Eggs steadier; receipts 21,471:
fresh gathered extra frsts 37@40c;
fresh gathered frsts 80 1-2@36c.
Cheese steady;.receipts 4,785; state
whole milk fats fresh specials 21@
Fl 1-2; do average 20@20&1-2c: state
whole milk twins specials 81 ~
1-2c; do average run 20 @ 20 1-2c.
Live poultry easy; broilers ESQ
SEC; old roosters tic.
Dressed weak; western chickens
boxes. 33@46c; fowls 24@36 lie.
MONEY.
New York, Aug. 25.-Prime mer-
camille paper 8 to Sid: exchange .tr-
regular; sterling 60 day bills 1855 5-S.%
Sterling demand $50 3-8; cables
$40 7-8. I
Francs demand 7.so1-s; cables
37.81.
Lire demand 40; cables 4.3o IL.
Marks demand 1.1s; cables 1.19 Ia
Greece demand 6.57: Sweden de-
mand 21.75; Norway demand 1886.
Brazilian demand 11,87.
Montreal 97-8 per cent discount.
Government and railroad bonds ir-
regular. 4sss
Time loans steady; 50 days, 30 days
6smonths s 81 to 8 per cent.
METAL. 81 sSs.
New York, Aug. 25.-Copper quiet
e~lectrolytic spot and nearby ii "a to
IL: later IL to IL ~ Tin steady.
spot and nearby Este; futures 25.7b;
iron steady, prices unchanged.
Lead steady; spot $40.
Zinc easier, East Et. Louis delivery
spot ALB 10 4.10.
Anthony spot $50.
coTToN. lg
New York, Aug 75.-Cotton fufsires
closed very steady: October, 14.s6:s
EDecember, t6.2e; January. 1g.asS
March, 1915, May 1915.