Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1911-09-07
NEW YORK STOCK MARKET.
Features of the Days Dealings in All
the Leading Stocks.


New York. Sept. 6-TLe recovery i'll
stocks was carried further today. Tie
movement WAS less vigorous than
yesterday and gains among various
issues We're smaller, but the improve
mont Was broader in It's scope. eX-
tending TO many of The scmi-active
railroad aud industrial stocks, II
was even more evident that was the
case that the liquidation which led
to the long decline had ceased Stocks
were not pressed fer sale.
As ON other recent days. there We're
signs at nervousness on the bear
siue. Covering Of short contracts was
perhaps the most important influence
III bringing about the advance, but
there appeared to be greater activity
on the long side of the market. one
Of the important bull traders who has
been inactive for some time was re-
ported today to have resumed opera
TONS. That Il somewhat better feel
ing existed Was evident although the
upward tendency was no generally
regarded as making an important
change IN the attitude of the more
powerful interests. So far rs known
the chief financial agents are not in
Vesting heavily. The public, moreover
is still with holding its patronage. the
lower scale OF prices not having led
20 extensive investment. buying.
IN line with the course of stocks
was the increased activity in the bo1d
market. Transactions in listed bonds
We're considerably larger. The mae
tlvitY of this department of the se-
curltieS market mas been one of The
most disappointing features OF the
retrogressive movements 10 dealers
WHO expected diversion of invest
ments to bonds rs natural accom-
paniment of the decline in stocks
The stagnation which prevailed in
the investment market last month was
shown by the output of ne.v railroad
and industrial securities in August
when fell to $51 .5l6,000 rs compared
with $l29.9i2 900 in July and Sa9SS ,397 COO
IN June The railroad offering amount
ed 20 the abacrn&lIy small figures OF
T4,3f5,Go0 or only half the total for
the corresponding month of 1910.
There was an increase in selling late
in the afternoon and prices declined
somewhat, although not to such an
N-AeStN CD " di9tui lit iIbTH DuIiSit
feeling. The price of United States
Steel fell back nearly point but a
large part of the days gains else
where were retained
Following the many reports Of slack
ching trade activity. todav.s pstitaate
of the country's iron output in su-
gust, showing & gain Of ls2.ooD tons.
WIS Regarded as of especially favor
able import. Moreover. the tl3l,-
producing capacity on Sept. @as
larger than the august average Aside
from this report the day was without
developments of importance. The
weekly weather report of the govern
ment reviewed somewhat more fav-
orable conditions. Recent heavy buy
ing Of Interboroush- Metropolitan Ste
curities was explained by tod;iy's in
crease of the dividend on the stock of
lnterboiough Rapid Transit. subsi-
diary. The HawleN stocks made an
other squirt, which was responsible for
a revival OF the report Of pending
alliance with a Canadian railroad.
Bonds We're firm with speculative
interest centering in Interborough-
metropolitan As and American 20
bacco issues. Total sales, par valne,
s3,O19.000 United states bonds We're
unchanged on CALI