Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-05-20
NEW YoRK..
STOCKS.

Fs AE EN..H
New York. May ~2o.-Losses were
extensive on the stock exchange al
though, offerings were relatively
small. Tobaccos, Mexican Petroleum
and International Paper were aln.ost
the only issues to overcome the gen
eral depression. -Tdewater Oil fell
seven points and American Linseed
Increased tits loss to four points on
news Of the passing of the dividend.
Cructble Steel IA singled out for
short selling, FORGETTING over four
points. Sseel foundries. preferred.
Baldwin Locomotive, S~tudebakei.
General Asphalt, Virginia Carolina
and Brooklyn Union Gas
declined 1 Ia to almost 4 points.
Northern Pacific; Texas & Pacific, H.
linois Central. and st. Louis & San
Francisco comprised the heavier rails,
I, to, almost 2. points.
Call money opened and renewed In
Ito next week at Z per cent.
Price tendencies in the earlier per-
tlnctly reactionary. Declines of l to
! points accompanied the moderate
Offering Of Crucible Steel, National
Enameling, Shell Transport, WHY'S
Overland. preferred, American Lin
seed. and Chesapeake and Ohio. Dr.
rectors Of the latter company met to-
day for action on the dividend. A few
issues, especially United States steer,
preferred. American Smelling, Ana
were firm to strong. alcohol gaining
l L. points on declaration Of the
regular dividend. Early exchange
rates on London were fractionally un,
der yesterdays best quotation.
Passing of the Chesapeake, and
Ohio dividend resulted in an extreme
decline Of Ave points for that stock.
Other coalers as well as the general
railway list reacted 1 to 2 1-2 points.
Railway equipments also lost 1 to 2
points with steeIs, oils, feathers and
kindred specialties.
Shorts we're encouraged by the
Chesapeake and Ohio incident to ex-
tend their operations later. The en-
tire list especially rails and oils, re-
corded lower prices in the final hour.
mated $751; 900 shares. g. +.
PRODUCE.
New York, May 2p.-Butter easier;
receipts 1918; creamery higher than:
extras 20 1-2 to 20; creamery extras,
80 score, %; firsts So to 81 score "a
to 81 1-2..
Eggs firmer; receipts 1904; fresh
gathered extra firsts % IL to "a 1-2;
fresh gathered firsts Fl to %.
Cheese steady; receipts 2,o3s: state
16 1-2 to II; ditto. average run Is 1-2
to Is; state whole milk flats, fresh
specials is to 16 1-2; ditto average
run IS ga to is. M. 80.
Live poultry steady; fowls "a;
dressed steady western chickens rs
to IS; old ROSTERS Is to 81.
MONEY.
New York, May 2o.-Prime mer-
camille paper 6 ga t o z: exchange
heavy; sterling SO day bills and COM
mercial 50. day bills on banks 3.s5.
Francs demand S.73; cables SIS.
Lire demand 5.5s; cables SOB.
Marks demand 1.6G; cables 1857.
Sweden demand 23.70.
Norway demand Is. so.
Montreal 10 5-8 per cen discount.
! Government bonds firm; railroad
bonds easy. w.,
Time loans steady, so days. 80 days
and 6 months SIP per cen
Call money firm; high, low, ruling
rate. Z.
METAL.
New York. May 2O.-Copper firm;
electrolytic spot and nearby 10 IL;
futures 10 Ia to 10 3-4.
T. Tin firm; spot and nearby $50; fu-
lures 1880.
Iron nominal; No. 2 southern 21.00
to 22.OO.g
Lead steady: spot 500.
Zinc quiet; East st. Louis delivery
spot ASS to 400. ,
Anthony spot 5.26.