Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-16
MARKET NEWS
NEW YORK.
STOCKS.

New York; Oct. ,16.--under cover Of
the ride in steel, rail- inc public Utility
other parts of the list giving the mar
ket a spotty a%ppearance after initial
dsal'1ay \ sharp break in hiEa, PRICED
and STANDARD OIL OF. New Jersey from
21SM 10 Eli. resulted in general unset
tlement around midday much Of h
selling being basel on traders belief
o%Verdone. Losses of ! to an points be-
low Saturdays quotations were recorded
by a number Of popular shares includ-
ing Baldwin ,studebaker, Chandler, and
American Can Money opened and re-
Improved business conditions as re-
liected N the weekly trade reviews and
into TIE stock market at today's' open.
ling. United States steel common was
particularly strong, $500 shares chang
ing handsI on the first transaction at
stock advanced to is. Up 1h. Other
steels were strong in sympathy Cruel
bic and Bethlehem a." each gaining
nraS , than va ~ a p9in Si;sba MeT w high senth rec,
Railway preferred, National Biscuit.
Wells Fargo. International Paper, Tex
as Gulf Sulphur. Manhattan Shirt and
3"'9eu and S'sS stsn SaseH9 OF, o %ef Ne~ jersey 5ssrey
each ct gains of approximately 2 points,
led the advance in oils. Rails also
were in good demand. the strongest fea-
sisfs 'f fia;e A sa 9 S Gsas, inc c Sea
Cola dropped. IL points. on announce
,nent that a holding '%tofnpans lad been
organized to take over the PROPERTY land
Allis-fzhslmers continued under ores
I sure liz further reflection Of IT'S recent
, unfavorable earning statement.
.. 49,
New York. Oct: 1S..:CWall Street 1:So
Was tounteracted by short, Covering and
supporting orders at other points with
the result that the market generally
worked towards q high level in the aft
e%tnoof. Arrally in Mexican petroleum to
2o6M and STANDARD Oils of New Jersey
to 21S. revived the Tagging spirits Of
the bulls and active buying commenced
in many new quarters. Continental Can.
the tobaccos. American Wooden, General
! Asphalt. Pacific Oil, Eastman Kodak,
New York Airbrake. International Pa
per. I. s.. Industrial Alcohol. Postum
Cereal. Fisher body and Peoples Gas
were run up ! to 3M points. Losses of
IN to. ; points We're Sustained by Loril-
lard. Louisville and Nashville. l%nterna-
tional Harvester, General Electric,
American Car and WoolwUrth.
;~ceipts $685. creamery higher than ex-
tTaS, 40 IL GAS; extras, ~ score
As: do firsts. IS to 80 score. 36l @44.
Eggs. Irregular; receipts. S,596; freSl
] gathered extra firsts As 80: do firsts
36@44; New Jersey hennerN> writes To-
cally eandled extras S3@S4: New jersey
llfnEefy whites u%ncandled extras SOM
Cheese. steady; receipts 1922: stale
whole milk flats, fresh. specials 231a q
20: do average run e4MM25: state
whole milk twins held specials IS; dc
average run 24k.
New York. Oct. 16.-Raw sugar today
was steady and unchanged at 3Ac for
Chbas, cost and freight. equal TO 5.5a
for centrifugal. There We're sales OF
10000 bags of Cubas for November
shipment.
Raw sugar futures opened steady but
eased off and at midday were 1 point
higher to 9 net lower.
There were no changes lin refined
\ sugar. Fine ~granulateh was quoted a,
$3.50 to 500. Refined futures nominal
H. .1xBEnTY BONDS. g.
New, York; Oct; 16.--Liberty bonds A.
second 4ks 1, 1852; third AS. %. 60;
fourth AIS. 1886: Ans, uncalled 100. 25
4&s, called. 100.QS.
S1-;vER.
Lou ioh. Oct. 1G--Bar silver "a LIE
per ounce: money ~ per cent. Dis.
4 count rates. short bills 2 5-16 per cent
! Three months bills 23 to 7-16 per cent