Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-11-23
FINANCIAL NEWS
NEW YORK MARKET
features Of the osy's Dealings In Al
the lOadina Stocks

tho Leasing Otocko
Nav York Nov. 22.--Specuiator1 for
the decline again rode on the top OF
.oday1 stock market. bringing about
more extensive liquidation 81 long
TO six points. Trading was again large.
~ In the hands of professionals, but
some of the selling came from disil-
lusirned small operators and invest.
ors who had bought recently in the
imminent.
EAilroad shares. which heretofore
had been liquidated AZ freely. as the
indus,iials. proved more vulnerable
ing especially weak In the afternoon
,oactioit ST. Louls-San Francisco pre-
ferred broke below 80 for a net loss
II more than five points, but rallied TO
dropped moro than Al points. selling
Tressure being influenced by Presi-
dent WIZARDS declaration that the
: hopmen's strike cost more than $1O.-
100000 and the intimation that the
his Iear was none too bright. Elk
n.ctaiion of an early resumption OF
aiyid-pds on ST. Louis-Southwestern
prcserred sent that stock soaring TO
s for q net gain OF nearly four points,
m. common improving fractionally:
Investment issues also fell under
enc weight of the selling movement,
MOI, Pacific yielding nearly II. while
losses Of q point or more LOOK pace
~ New YCri. Central. Chicago a. North
western common and preferred. Dela-
~,r. e Hudson. Great Northern pre-
,cfrfe and Northern Pacific. the last
.,aniel tagging u.
outside news dsyeiopments were
largely favorable. THESE ,nc!uaea re- re-
ncr,-iug at so per cent. or capacity
,pp,o,t,,cGments of additional stock or
,rrr,;.s ed dividends and preliminary
.eulcs on october foreign trade snow
20 yports of 1872. 100000, the largest
.no,,c MS compared with S3lIO00.000
- "a. preceding month and $3o2,0oV.-
,rn Il August ,.,
ISSUANCE although Unite Limited ,os sta ans
,,''., rallied TO 1884 for a net loss OF
tuif states steel yielded Is. but
,'c,.s''.ps in Bethlehem B. Crucible;
I.ac,.aranna and Republic were limited
TO point ami less. Bai 1 rars S.uu "a.
,r.. All fell one TO two points, whl!e
,.,.,n-..,r5crican A broke 81 and the b "a.
,'n,.,,.or cotton oil established new
t,v l,.2 record at 14s, closing at a net
loss or nearly three points. anu a,n she
>. IA. ction Of speculative disappoint-
,r- ny.r the last annual report.
s,nie If the other outstanding weak
.nn,s were American Ice. American
fyprcs4 Barnet Leather, Famous Play
Wy krtsgc, Mexican Petroleum, Otis
l.leyqtor I.orillard Toba~oet STANDARD
va - Now Jersey, and Woolworth,
H.. SIS ranging from three to six
f"lni". A..
l,v.ruard trend. Continental Can being
t,,sh,n up nearly two points to lOSt.
~ Y eli record for the year. and
,.,rrus Products establishing a new
,..t rrice nj GA in response to an ex-
"A ,Ni,l,ud Of 10 cents. American
,.,u,, soto, also az n new high. Elkhorn
.'o,t Consolidated Gas, and South Por-
>, E,clu Sugar were other outstanding
stro1E spots.
i,ruuahout the day. Time money loans
4crc made at per cent. on all ma
,urit.sa. only n limited amount being
avaN.hle for lending purposes. Com
uo~, ni rapcr trading was moderately
rc'j. wltG no change in rates;
Ilf,.tu exchanges opened easier
and ih'u rallied. demand sterling get
,tru,. 90 Sii9i and French francs to
~ tandd,an exchange sold az
l.er discount for the first time since
We seer part of september. -,
..r .g.! .u todays early bond market,
Nt ~, uhcrings ot railroad mort
rag Particularly the second grade
sW .Wncd tho whole list heavy. the
.nn .ul'u''v light. L. =. government
.,su H.,i firm. Liberty as jumping
up . e.nts on 500 and the others
IA V.t- only nominal changes.
YORK. Wcstchester Il Boston
SIS ..'.r .! points. and Soaboard Air
Lno lnsoldat"d Is two. while losses
II afrI,H inatcly n point took place IN
laltmn,c Il ohio convertible 4s. 81.
}auI d,leuture 10 and convertible 4ss.
Norirt " Western convertible 6s.
Iris'l Fr,n lien IS, income ts ana ad-
.a.st.,ut 6s Chesapeake ~ ono con,
-,r,l'- Isl West Shore is and Central
~ g.. irIa consolidated 5s. Minneap-
lie. Louis consolidated 4s and 5s,
Sow Haven os and Missouri Pacific as
,.cro stronr at Tho start but fell back
rui inc depressing influence OF lower
TO rs lri''s. |
- copper rs. Otis Steel SIS. Magma
,ui.l,r 10 aud Julius Kavscr IS were !
b" vcpl spots IN the INDUSTRIAL a.
.is.. Whn, brooklyn Rapid Transit
,rrt.tr-tr - and stamped 7s lost the
inu.l sround In the public utility
group
", Nican ~. Lyons 6s and Czecho-
Sio.p IAN SIS Yielded point or go IN
thc b1otgn list Investors In foreign
.rc., u,~ werc Interested in Havana
,'rs,,,,, rta indicating that bids for the
prop scd $50. 600, N0o Cuban loan would
49, u;p.i,ed next week and that four New
Nptk A. pdicatos. headed by j. MOI
rai, 20. Spcyer q Co, Lee. Htggin-
a"n 4 Go. and Blair Sc Co. would SUBJ
ht h,ds.
ruh. IT, offerings was made today OF
ng issDc ~ A., sOH. 600 Erie Railroad
f,r .'tt Equipment trust certificates.
rattIng from 1929 70 1897. ut prices
~ YEA from AS TO $50 per cent.
fu'ai snlos, par value, were $ll-f9V,-