OCR Text |
Show EJISIERiNEr BRINGS HEBOURD Selling Decline Near Close Checked By Lower Interest Rates NEW YORK Feb 1 .V Trading on the stock exchange at the Opening of today's session was fulrly active, but very Irregular Ir-regular Standard rail- and industrials were stead y to firm but si ondarv Mce as well as shippings motor aceessorlea ..n.l ..lis were subjected further pressure. pres-sure. Atlanth -r;ulf was especially heavy, declining almost two points In the first few transaction, Specialties whoa dividend divi-dend prospect are under ills, usslon x-tende.l x-tende.l ilu-lr r- ent losses Foreign exchange ex-change stiffened, the London rate rising Ifi over yesterday's final quotations. The strength of leaders In the steel, equipment and r..llwa divisions constituted consti-tuted the onlv noteworthy features of the morning Thla was In striking contrast con-trast to the heaviness of various special-He., special-He., particularly shipping rubber and food Issues Atlantlc-C.ulf lost almost 7 points. AJax Rubber 4. Goodrich 2 and kindred l-sues 1 to 21.. Oas shares were strong. Brooklyn Union gaining 6 Oil moved irregularly but became weak bo-fore bo-fore noon on a drive against Mexican Petroleum. Pe-troleum. Call loans opened and renewed Into next week at 7 per cent and tho rate of exchange on London continued to decline. Increased selling of shippings, motors and oils, also miscellaneous specialties forced prices to lower levels during tho mid-session. Atlantic. f;uf extended Its loss to almost 10 points. There was n partial rally, however, when call money eased to six per cent, recbverled averaged averag-ed a point among ponular Issues, while Reading rebounded almost 2 points. Obscure specialties were bid up In tho later dealings, but the list fell back again when Atlantie-Ouif extended Its decline de-cline to more than ten points. The closing was heavy. As a whole, shippings, ship-pings, oil and motors featured 1 succession succes-sion of reactions in the stock market today together with numerous miscellaneous miscel-laneous Issues, notably tobacco and food shares. Sales approximated 650,000 shares. MONEY AND EXCHANGE. NEW YORK. Feb. 18. Prime mercantile mercan-tile paper 7ttfjr7s4 per cent. Exchange heavy. Sterling Demand $3.86; cables $3.- S74. Francs; Demand 7.19c: cables 7.21c. Belgian francs: Demand 7..r.0c. cables 7.52c Guilder: Demand 34.20c: cables 34.30c. Lire: Demand 3 64c; cables 3.Go Marks: Demand 1 64c; cables 1 . 65o. Oreece: Demand 7.40c Argentine: Demand 3G.37c. Brazilian: Demand l''.12e. Montreal 13i- per cent discount. Time loans steady; CO days. 90 days an.l dx months fii'ii7 per cent. cll money easier; high 7 per cent; low fi lier eent; ruling rate 7 per cent: closing bid r, pe rcent: offered at 7 per cent; last loan 7 per cenL METAL MARKET. N'EW YORK. Feb. IS. Copper stead v; electro lytic spot and first quarter 180 P.'ic; second ouarter l.T-i'fi 13Vc. Iron nominally unchanged. Tin Irregular, spol and nearby $33 00; futures $33.00'i32.50. Antimony soot 5.25ff5 60c, Lead dull; snot 4 no-ei4.60c. :'lne easy; Fast St. Louis spot 4 . 871? 5.00c. BUTTER AND EGGS. CHICAGO Psb 18. Butter higher: creamery extras 47c; standards 46c. Uggs higher, receipts 13.126 cases, fir 84fJ84c; ordinary- firsts 30f31c. at mark. enes Included. 321 33c. Poultry alive lower; fowls 29c; springs 30c. |