Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-11-16
FINANCIAL NEWS
NEW YORK MARKET
features OF the Days Dealings in All
the LEADING Stocks

a.. Nork Nov i5.--Railraad and
.tgstrisI shares staged "a quick rally
o. me carly part OF todays trading
.aA many standard issues. particularly
f, no industrials. moved up several
mt over yesterdays closing quota
,ious The downward movement in
.,.fty securities that were under prcs-
..r, Yesterday was checked today and
.rnr evenings brought about ma
,,,.l Improvement ia the quotations
md good buying power was noted
N rho market
Irdusirials showed a better tendency
o., hold their gains than the railroads.
no Weakness of New Haven in the last
'oar rad a lettering effect on the Of her
,sIs Washington dispatches TO the
r-rt that agitation Will be started
.,,,n fnr the modification OF the Esch-
T.trmlus Hct in way that will be un-
sa,or1hls Tor the carriers Influenced
h. trading TO considerable extent.
At5uugh wall street does not believe
,'st ANY radical action will be taken
m tie coming short session of Con-
rress the possibility Of prolonged agi-
',,tun over the railroad situation in
me coming Congress and it's effect on
mo market is being considered by trad
FRS bon railroad securities.
Among the industrials which showed
Win a gain Of u points in the days
,rading National Lead. 81 points;
am Products. 30; American Car *
FoundrH a.; American Radiator. ~;
Arerean Loeomotlye. "a; American
Standard ad Oh Of New Jersey. ii points;
aud t. :. steel, IL. Preferred stocks
81 western Maryland and Chicago,
Rock Island a. Pacific made substan-
'aI gains IN the railroad list, while
other standard railroad securities
eFpbt tnnnRsZ tho Hlne-
ing quotations yesterday.
The Improvement In the foreign sit
nation was reflected by the rise in
French government bonds. Both the
~ and IS Of the external dollar loans
gained more than two points and other
foreign government bonds rose In SYM
pathr IA the domestic list the high
grade rails and the Liberties showed
Substantial gains In the days trading.
Although trading was quiet In foreign
,1rhnuge and movements were irregu-
lar h"ttrr feeling was evident In re-
gard a. the situation
Vain money remained Mt per cent.
thrr4E bout the day
rnnI sales were i.10i,o0o shares rs
against $50. 100 yesterday.
Considering tho remarkable strength
~ ttr greater portion OF the list TO-
dn, the heaviness OF United states
government bonds stood out in con-
splruous fashion. Declines running
tf0U TWO 70 ~ cents per fN1uT'u uotlat
bond we're noted with the first and
second - and third Ais suffering the
largest losses. several OF the low
priced rnilraad mortgages also mani
Tested weakness in sympathy with
u,Akr'es OF certain railroad shares.
N,w Haven % fell ~ points: Sea-
hoard AR Line consolidated 6s also
.yst Two points and Chicago L. Alton
"A ID New York, Wfstche stcr & Bos-
'on 49, dronped % points. The best
SHOW "f strength was manifested by
q irpnd list of foreign bonds which
n.,o recently exhibited acute weak
MIS-. Bfnzii ~ mounted four points,
rrurh 7lv 3. French ~ two, Paris
I,otv. Mediterranean Is "a and Toxic
bordeaux IS, lyons IS and Mar
.s.I|,s 6s two to - points each. Inn
piu,,ul"nt of a point or more were
lIso registered by Cz"cho- Slovakia IS.
pfaguD 11s. Jurgcu Us. United King
Hpr Us Of 1881. H"lgiau 2bs and -.
linsi ~. Dutch East Indies Is OF
Ilbt some rs and Zurich IS.
uumcSttc issues which were sought
... .udrd Ccrru de- IascO -. Brooklyn
EIpid Transit certificate -, Pennsy l.
,,nia gonernl 4ls, Eric prior lien -
.ui 81 Louis A. san Francs SEQ income
,s aud adjustment is. all OF which
.nurnN cd from twp 80 three points
BuVluE to-day was largely induced
~ the realization that prices had been
ndtiy depressed because OF involun-
mfy nquidntipn and professional sell
aud tho nst automatically derived
.tr,ugih from tho rally Ia the stock
Tulal sales were $1,000 600.