Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-05-02
NEW FORK.
STOCKS.

Ne YORK May 2.-ShortS made
another drive against oil during the
first hour at the stock exchange to-
dayton revival of recent rumors af-
fecttng the Mexican group. Mexican
Petroleum dropped 4 1-2, Pan-Amerii-
an 3 ,Tand ,othcrss1&to 2. Studebaker
and other prominent motors fell to
2 Ia points inc Cruciblc lost l l-o.
Heavy ~specialties embraced Sears
Rocbuck. May Department Stores and
several of the feathers. Oils and
most other leaders r~ebounded sharply
beforc noon, however. when independ-
emit steels as well as coppers and rails
featured a broader buying movement.
Call money opened at Z per cent, the
higher. rate rejecting last weeks
deficit in clearing house reserves.
Last weeks lively dealings in Sc
lected stocks, at higher prices were
resumed at The outset of today's SEES
sion. Oils, motors, and allied spec
were, most conspicuous. with
|Cosden. Pierce-Arrow and Central
Leather leading at gains Of l to :
points. Steels and equipments were
irregular, but coppers. and shippings
denoted further moderate accumula-
tions. Rails displayed little ANNA
ton and the usual minor s%pecialties
were uncertain. Affairs abroad were
! J c'hSNlCN, ~ I ~ DA4S40 keS,
demand sterling rising to 3.S6 'S-4, the
highest quotation so far this year.
Trading shifted more, generally to
the rails. tohaccos and foo special
ties at midday. these issues showing
gains Of l to 4 points. The recovery.
in oils was continued, Mexican Petro-
lcnm rallyins 6l-2 points from the
low of the morning. Shippings and
equipments also improved.
HG>.-., r>k,V,~. r>.Hst>i s.-sA 80
its recovcry later and rails lapsed into
dullness, but steels. equipments and
shippings extended their gains. The
'closing was strong. Sales approximate
ed 1900, 900 shares.
PRODUCE.
New York. May 2.-Butter, firm;
receipts S,305: creamery kigher than
lsxtras SO 1-2@3T; creamery extras.
81 score. Sc; firsts,' IS to 81 score, 81
1-2 l-2. .
Eggs. weak. receipts 22.4so. Fresh
gathered. extra flrsts 27Ml2s; frsts "a
1-2@2G 1-2.
Cheese weak: receipts 2.095. State
whole milk fats. short held specials
21@22; ditto, average run 10 Lao
20; state whole milk flats fresh spe-
cials 1SM19; ditto, average run'17 IL.
MONEY
New York. May Prime mercsn-
tile paper Z to Z IL: exchange
strong; sterling 60 day bills a.s1 ia.
Francs demand 1855: cables 1877. Lire
demand ISL; calbcs t.s3. Marks
demand 1.54. cables 1.55.
Montreal 10 SIS per cent. discount.
Government and railroad bonds firm.
Time loan firm; 60 days. 90 days and
sin months 6 1-2 to { per cert.
Call money firm. high. low and rul-
ing rate =.
METAL.
New York. May Cooper dull:
e%1cctolytic spot and nearby 12 5-8 to
IL "a. Futures II IA to IL.
Tin easier: spot and nearby 31.75
to 32.0o: futures 31.a0 TO 3l.75.
Iron nominal; No. | Northern $500;
No. . Northern $500: No. > Southern
1900 to $500,
Lead steady: spot $50.
Zinc steady; East st. Louis delivery
spot 400 to 500.
Anthony spot SIS.
LIBERTY BONDS.
New York. May 2.-Liberty bonds
closed: ; las ss.72: first IA $3.50 bid
| second As S7.34: first 4 las $3.50;
|Eecond A.1-4s 1896; third : las
9O.4c: fourth 4 LAS s7.42; victory 3
S-4s 97.94; victory 4 3-4s $500.
COTTON.
New York. May Cotton futures
closed steady; May 1855: July. 1904:
October 1914. December 14.16: Jan
uary 1924.