Feeling Improves as European News Shifts Market Mood
Market trading steadies amid mixed European diplomacy signals and optimism of revived activity. Reports note tentative gains in stocks, declines in some currencies, and ongoing adjustments in energy and industrial shares, with traders weighing foreign exchange moves and domestic demand prospects against policy shifts.
Quotations Lower on Foreign Loans at New Bottom Prices
Foreign loan quotations eased in New York on August 19 with lower prices across UK, Japanese, Swiss, and Paris issues. Market watchers cited favorable Polish-Russian military views yet note a weak overall trend awaiting relief from tighter monetary conditions. Rail and utility bonds showed mixed to flat performance amid cautious demand and steady long‑term outlooks.
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Bonds Offered by J P Morgan as Interchangeable Coupons
Interest payable March 1 and September 1. Coupon bonds in 1000 500 denominations registerable to principal and in 1000 5000 10000 fully registered. Interchangeable coupons and registers. Company projects at least 80000000 net income in 1921 with charges under 48000000. Bonds offered at 100 and 7 percent. Subject to counsel and ICC final approval. Subscriptions open 10 AM Friday August 20 1920 at J P Morgan & Co with right to reject or reduce.
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