Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-06-05
STOCKS.

New York. June 5.-Movements of
oils. prominent industriaH and rails
became more conflicting on the stock
exchange today. Leaders Of those
issues registered mixed gains and
losses of I to 3 points. Tobaccos and
merchandising shares were equally
unsettled. Rubber, textile and food
specialties improved on pool opera
tons. Vanadium was included among
h heavy steels with an extension of
the early set back in Midvalc and Du-
pont cancelled the greater part of it's
gain. Lake Erie and Western com-
NOR and preferred again represented
the stronger rails with Canadian Pa
ciic and Delaware and Hudson. but
transportations as a class were lower.
Call money opened at 4 IA per cent,
easing to 4 1-2 per cent, however.
before noon.
Although developments over the
week end were mainly favorable to
the bull account, prices at the opening
OF today's stock market were extreme
~ irregular. Issues prominent in the
three company steel merger we're IN
der further pressure. Republic Iron
and Steel DON declining one and n
half points. with a fractional reaction
for Midvale steel. Domestic oils add
ed generally to last week. gains. but
Mexican and European oils wers hes
liant. Dupont was again the sensa-
tional feature AMONG specia;ties. its
initial quotation adding 95-4 points
to last weeks gain Of almost IS
points. National Biscuit and United
States Rubber were responsive to IA
a statements Of earnings. in
the foreign exchange marker, early
quotations for demand bills on Lon
don roS to the new high record Of
4.4S IL.
Persistent selling Of Mexican Petro-
leum. Baldwin. Studebaker and the
Independent steels Offset the beneficial
effects Of the further reduction in call
money rates to 3 1-c per cent and al
though bullish efforts persisted in a
handful Of stocks, the main tendency
was downward in the early afternoon.
Mexican Petroleum extended its loss
to 41-4. Postum cereal. and Ma
tional Enameling broke 3l-c. Repub-
lie Steel 2 lie and California Petro-
leum 21-4. Meantime Reynolds
, Spring was marked up 31-2. Lake
Erie and Western 2 IL. the preferred
and consolidated gas 2 and New York,
Chicago and St. Louis second prefer
red L. points.
SUGAR.
EC" urn Ju4lc line early raw
sugar market was quiet with Cubai
quoted at 2 11-1sc. cost and freixh,
in nearby n distant positions. equa
to - for centrifugal. Sales report,
ed were 5000 bags of Cuba.
In raw sugar futures trading wa!
less active in the undertone. wa.
steady and prices at midday were IN,
changed to 2 points net higher or
Tight buying by commission houses:
Prices for refined sugar were un'
changed at $50 to $40 for fine grant
lated with less active inquiry. With
rawals on. old orders were liberal
! Refined futures nominal. 80
Sugar, futures closed steady; ap'
proximate sales 1920 tons: Jul,
I'll; September 1.s2; December z.ss
March 2.s9.
COlnHRCIAL BULLETIN.
Boston, June The Commereia
Bulletin tomorrow will say:
The pace has slackened in che WOO
markets OF the country this week al
though prices : everywhere main
tanned On q hrm basis ~ compared
with q week ago. The country mar
I ksts are very strong. y strongel
than the eastern seaboard markets
with the clip OF the entire countr,
prohably Close to three quarters sold
he manufacturers have beeI
Obliged to mark up worstsd goods fur
thsr this woek although they -,
vance in raw materials.
TODBCE
NeW.gYOrk. June 6-Dutter fifms
arAcetpteTt ,161; cfeaMlfy 1ht9her ffaf
extf4e.S tito 37s1-z :creamesy extra,