Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-12-19
MARKET NEWS
NEW YORK.
SToCx.

New York. Dec. ls.--u:s0 p. MP
! Prices of stocks shifted in a bewlldeI-
ing fashion after midday %buoyancS
were acutely weak. National lead jump,
iei S points. Meantime Delaware ana
Hudson was dropping 3 points and Cen
trail Leather. American Smeiting, lnter-
national Harvester. Sears Roebuck. IN
ion Pacific and Marine preferred to =
points. An otsicial announcement that
no stock dividend was contemplated by
the General Electric company caussa
whicl. turned thS general trend down
ward in the later dealings. A
Good absor9tioni OF most offerings,
steadied the list before the END of the
ance which the market had shown to the
forced liquidation occasioned by yester.
days stock exchange failure. the cut
in the Great Northern dividend, the an
nouncement of Chairman Gary Of the
United States steel corporation that no
stock or. extra cash dividend was con-
templated and the refusal Of the Nor
gan firm to discuss or consider an inter-
national loan to Germany until the rep
a%rations question was settled, sepcu-'
lators for the advance again started
bidding up various shares. Oil. mer-
chandising. equipment n copper is
sues. responded brissly. to the fresh
buying power. The market had another
temporary sinking spsll later on the re-
newal of heavy selling pressure against
steels and some OF the high grade rail-
road. public utility and tobacco issues.
Toward midday. however. accumulation.
Of equipments, especially General Elec-
trio. which advanced 5A to a new high
record for the year. again turned the
Kelsey Wheel, n sterling products
were conspicuous strong spots, the
gains ranging from three to nearly five
points. Call money opened at ~ per
cent.
Spectators for the decline continued
their. short selling operations at the
opening of toiay's stock market. Rail-
road OIL and steel shares were the first
to yield to selling pressure, but most
OF the early declines were limited to
fractions. The cut in the Great NORTH
ern preferred dividend continued to
r naye 2 dspressing effect on western
strong SPOTS, notably Pond Creek coal.
the gains ranging from ! to 3 points.
Foreign exchanges opened weak in re-
OF J.,P. Morgan & Co. that no i%nterna-i
tional loans to Germany would be con-
sidered unless and until the r~eparations
question was settled.
POTATOES.
Minneapolis, Dec. 19.-(U. S.. Bureau
OF NEUTRALITY-SUSPICIOUS., very light wire
inquiry; demand and movement sloY:
SSS0AS ; Y odHuAdIlu ul6IFlCI OAR
loads f: O.. b., usual terms. Minneapolis
st. Paul rate sacked cwt white varieties
U. s. No. l, very few Sales, IS; seed
stock Bliss Triumphs, sacked cwt, ,1,S5
to 200; few 2.10; sacked cwt Irish Cob
blers 100 to Ito.
PRODUCE.
New York, Dec. 19.-Butter firmer;
creamery higher than ,ex-
tras 65A to Sc; do extra coz score)
SAN to 65; do firsts ass to oil score) II
to 81. -
Eggs firm: receipts $500; fresh gath
e1ed firsts 81 to So; state and nearby
hennerX browns sc to 67.
Cheese steady; receipts 1888.
POULTRY.
New York, Dec. 19.-Live poultry ir-
regular; chickens by express 81 to- %;
dressed poultry steady; turkeys No: j
fresh As to 81.
sILvER, III
pence per ounce; money TX per cent:
aiscount rates, short and three month";
ol'is zS-l6 to "a per cent. NJ
New York. Dec. 1a.--Liberty bond
prlces at noon: 3a. 100.4s;s first AZ =,
SS.1S; second ANS, 1910; third AZ s
SS;IS: fourth AIS. 9S.46; ANS uncalled'
t1VV.dz; new AIS 1916.