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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 23, 1920
Page
8
Market activity on the New York Exchange shows mixed handling across railroad, industrial, and utility issues. Prices, bonds, and call money fluctuated amid signs of cautious trading and ongoing liquidity concerns.
The War Trade Board of the State Department announced a grant of permission for German deer imports to meet immediate consumer needs. Imports will be allowed for six months where domestic supply is unavailable and will be controlled by regulations similar to prior allocations. Quantity and origin will be tested for reasonable terms and quality.
The Paris market shows varied activity with bills and francs quoted while copper futures weaken on a Waterbury strike and British French debt talks loom. Bank of France reserves abroad and Allied debt plans surface amid shifting financing prospects for Great Northern and Northern Pacific equipment purchases.
Mexican special Commissioner and consulting engineer to the Petroleum Department of the Messeay Government arrives in New York to discuss U S oil firms operating in Mexico. He will urge policy changes to satisfy national interests and curb foreign operators.
In Wall Street, the Aterborough Rapid Transit Company discussed semi annual interest due July 1 on its 160 893 300 list and refunding 9 per cent bonds. Traffic gains boosted income by about 5 million in the last year as Manhattan Bronx and Long Island real estate was auctioned May 25 to cover January 1 interest. Analysts from Hornblower Weeks forecast a strong market after July payments, despite bear activity and oil stock flotations concerns.
The stock market shows bulness in United States Steel with trading far below usual levels. This week two days' turnover under 5 000 shares and yesterday no sales until after 10 o clock. General Motors and Texas Company values reflect split adjustments, illustrating the current malaise in trading activity.
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