Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-08-14
MARKET NEWS
NEW YORK
STOCKS.

II 81 .-.N ~ w p SAAAA r #G-..-.gIE
STOCKS.
New York, Aug. 14.-prtces in to-
days stock market moved with an
regular trend; special stocks. iniiu-
enced by favorable trade news and
pool operations, scored large gains,
but the usual leaders. especially the
rails, were reactionary on the less ia
vorable domestic and foreign develop
Sales approximated $4,000
shares.
Further complications in the rail-
oad strike situation combined with
the failure Of the allied premiers to
come to an agreement on the Ger
man '~reparations question imparted 9
decided reactionary trend to opening
prices on the New York stock ex.
change today. The heavy selling pres
sure was directed chiefly against the
rails and oils. Northern Pacific
dropped a point. Toledo, st.. Louis
and Western was down ga and losses
OF large fractions were recorded to
st. Paul preferred, Rock Island. New
York Central and Great Northern pre-
ferred. Mexican Petroleum sold OF
2 point and then dropped ; IA below
saturdays close. Losses of q point
were registered by U. g. Steel. Stude-
baker and Peoples Gas. Pronounced
heaviness also was noted in Interna-
uoual Harvester, General Asphalt and
some Of the equipment shares. The
outstanding exceptions to the down
ward trend were Coco Cola and Amer
lean Zinc preferred, each which GAIN
ed a point. r.,
The early selling movement was
extended to motors, steels, merchan-
shares, which receded l to1S points.
Barnsdall "a" Pan-American r."
Chandler, Crucible, Pullman and
Pittsburgh Coal were particularly
heavy. Towards noon, however,
strong buying support set in, the
whole market turning upward under
naeht and food n mail order shares.
During h rally new highs for the
year were made by Allied Chemical,
international Harvester, Advance
Rumely. common and preferred;
Sears Roebuck, National Cloak and
Suit, Famous Players and J. I. Case,
preferred. Gains Of 2 IL to 3 IA
AGRICULTURAL Chemical. preferred;
Kresage. National Cloak and Suit,
Pierce Arrow, preferred, Fisher Body
and American Tank. Call money
opened at 4 per cent.
The prevailing uncertainty regard
ing the outcome of pending foreign
and domestic economic problems re-
stricted buying of stocks which or
dinarily dominate the course of the
general market. Railroads reflected
intermittent pressure in the afternoon
but a long list of minor industrials
and Hspecialties were bought with on
fdence. Pierce Arrow preferred
jumped 9 Ia points, and the COM
mon stock. Keystone Tire, Stromberg"
o.! a nd VUi11xyc- nvyarIe~I ~rA<a~~1l -J-l
moved up smartly. Domestic oils,
feathers and American cotton oils and
American linseed issues climbed
steadily. Free offerings of; cali money
carried the rate down to 8 per cent.
PRODUCE.
New York., Aug. 14.-Butter firm;
extras. $685. Ia; creamery extras
(92 score). "a l-2; creamery firsts
(Ss to 81 score). 80 1-2@33 Ia;
PA 1-2@25.
4 Eggs firm; receipts, 11,46o; fresh
gathered extra firsts, 26@2s.
Cheese steady; receipts, 1888;
20 1904; do arrive, run, IS $40
20; state whole milk twins, fresh spe-
Gals, unquoted; do average run, un-
quoted.
POULTRY.
New York, Aug. 14.-Live poultry
firm; broilers, by freight 80: by ex-
press 30@35; fowls 81; roosters Is;
turkeys 20.
Dressed poultry weak, western
chickens 31@38; fowls 5000; old
roosters 1903; turkeys 25@55. =
SUGAR:
New York, Aug. 14.-Raw sugar
was firm early today owing to better
cables, offerings were light with non
below 3 7-8, if equal to s5.49, duty
paid. Nc sales were reported.
Raw sugar futures opened . to 8
points lower but quickly rallied and
sold 6 to 7 points net higher during
the forenoon.
The refined sugar market was quiet
for spot goods. Refined futures NOM
inal.
METAL.
New York. Aug. 14.-Copper
STEADY. electrolytic spot and nearby
IA; futures 14@14 is. Tin steady
spot and nearby 3a.12; futures 32.25.
Iron steady, No. / northern $1,000
$500; No. 2 northern 29.O0@51.0o.
No. 2 southern 5000 1000; lead
steady spot 5.75@5.s0. Zinc steady
east St Louis spot and near by de-
livery 6.20@6.25- Anthony spot
5.25.
SIOUX OFTY LIVE STOCK.
Sioux City. Ia. Aug. 14.AtCattle re-
ceipts, 5000; market steady to rs
oapfe 1ouor. fod OF oopv on6 vea Rim pa