Omaha touched a new low' for the
year. Baldwin was one of the early
strong spots, touching 122% and
then falling back to 122. up *4 on
the day. Gulf States Steel sold be
tween Id** and 83%, closing at 81%
for a small fractional loss. National I
lead jumped 5 points to 124%. Sin-]
clair preferred dropped 5 points to
81. a new low' for the year, and
Foundation company slumped more
than 6 points but rallied 2 before.
me close.
For the first time in nearly three
weeks call loans were renewed at 6
per cent, but the rate softened to 4'a
in the last half hour. Bankers con
tinued to ask 5’* per cent for time
money with brokers bidding 5>i and
arranging a few loans at the lower
figure. Commercial paper was mod
erately active with per cent the
rulipg rate.
Foreign exchanges were irregular
with principal interest centered In
the French franc which dropped <
points to 5.56 Uc. Demand sterling
held fairly steady around $4.u5.
Greek drachmas jumped nearly la
points to 1.91c, btt the other rates
showed only nominal changes.
Total stock sales 692,000 shares. _
Twenty industrials averaged 9-.lo;
net loss .05.
High 1923. 105.3S; low 86.91.
Twenty railroads averaged i8.76,
net loss .55.
High 1933. 90.63; low 16 .8.
MONEY AJAKKKT
NEW YORK. August 22.—tall money
easier; high 6. low 4 VI. ruling rate 6. clos
in* bi»l 41*. offered at 6. last loan 4V4
™] 'loans against acceptances. 4M,. Time
-. - I-* — lta* 1 ai) to 90
lMns'fTr'm:"mtx'e.1 collateral. 60 to §0 data
fi ; 4 to 0 months 5**; prime commeiciai
paper. 5 (&;>’* per cent.
