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

STOCKS.
New York, Aug. 14-Prices in to-
days stock market moved with an il.
regular trend; special stocks, inlu-
pool operations. scored large gains,
but the usual leaders, especially the
rails. were reactionary on the less ia
vorable domestic and. foreign develop
ments. Sales appropriated $4,000
shares.
Further complications in the rail-
road strike situation combined with
the failure Of the allied premiers to
come to an agreement on the Ger
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 q point, Toledo, ST. Louis
and Western vas down "a and losses
of large fractions were recorded to
st. Paul preferred, Rock Island, New
York Central ana Great Northern pre-
ferred. Mexican Petroleum sold OF
q point and then dropped 3 Ia below
were registered by U. 8. Steel, Stude-
baker and PEOPLES Gas. Pronounced
heaviness a4o-was noted in Internal
uonal 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.
The early selling movement was
extended to motors, steels. merchan-
shares, which receded l to 3 points.
B%arnsdall "a" Pan-American 81"
Chandler, Crucible, Pullman and
Pittsburgh Coal were particularly
heavy. Towards o however,
strong buying support set in, the
whole market turning upward under
leadership of. chemical, farm nipple
ment and food and mail order shares.
During the 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 Ia to 3 IA
points were scored by American
Kresage, National Cloak and, Suit,
Pierce Arrow, preferred, Fisher Body
and American Tank. Call money
opened at a per cent
The prevailing uncertainty regard
ing the outcome Of pending foreign
and domestic economic problems re-
strlcted buying of stocks which or
d1narily dominate the course of the
general market. Railroads reflected
intermittent pressure in the afternoon
but a long list of minor industrials
and specialties were bought with con-
idence. Pierce Arrow preferred
jumped S1-2 points, and the COM
mon stock, Keystone Tire, Stromberg'
and WHY'S verland preferred also
moved up sn1artly. Domestic oils,
feathers and American cotton oils and
American linseed issues climbed
steadily. Free offerings of call money
carried the rate down to 3 per cent.
PRODUCE .
New York, Aug. 14.-Butter firm:
receipts, 1854; creamery higher than
extras, $685. 1-2: creamery extras
(sS to 81 score), 80 1905 Ia;
packing stock, current make No.. 2,
"a 1905, 49,
Eggs firm; receipts, 11.46o; fresh
gathered extra frsts, 2s@2s.
&C. Cheese sh steady; receipts, 2,ess;
20 -1-2@21; do arrive, run, 10 $40
2oa state whole milk twins. fresh spe-
Gals, un9uoted; do average run, I'M
quoted.
POULTRY.
New York, Aug. 14.-Live poultry
firm; broilers, by freight SO; by ex-
press 3o@35; fowls ct; ROSTERS Is;
turkeys 20.
Dressed poultry weak, western
chickens SIG 38; fowls 1890; old
ROSTERS 1903; turkeys 25@55.
SUGAR.
New York, Aug. 14.-Raw sugar
was firm early today owing to better
cables, offerings were light with none
below 8 7-S, If equal to $5.49, duty
paid No sales were reported.
Raw sugar futures opened 2 to 3
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. Hooper
steady. ~electrolvtic spot and nearby
IA; futures 14@14 Is. Tin steady
spot and nearby 1912; futures 1925.
Iron steady, Nc. / northern $1,000
$500; No. 2 northern 1900 @31.0D.
No. 2 southern 10000 1000; lead
steady spot 5.75@5.S0. Zinc steady
east St. Louis spot and near by de-
livery 6.2o@6.25. Anthony spot
SIOUX CITY LIVE STOCK.
Sioux City. Ia. Aug. 14.-Cattle re-
ceipts, 5000; market steady to rs
cents lower: fed steers and vearlings,