Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-09-21
FINANCIAL. NEWS
NEW YORK MARKET
e...ures Of the Days Dealings In All
the Leading Stocks

View York. Sept. -2o.-Pool operations
J.. special stocks. several OF which
n,rs pushed UP TO new high records
ar the year. provided the only inter-
~! ,.,ne features in today's relatively
net stock market session. prices in
ets,cb were mainly upward. Short
sayering accelerated the advance in
a,lv dealings. but some unsettlement
aas noted toward the close on receipt
" Washington dispatches that the
,io,se had overridden the presidents
70 of the bonus bill and on the call
80 az loans and rise IN money rates.
Soecial demonstrations were staged
=. Austin Nichols Beechnut Packing.
wsIiinson SIX. White Eagle Oil. Tide
%s,sr oil. Consolidated Cigar. National
Val A. Suit preferred. Fedefal Mining
| . smelling and American Zine pre-
rcd all Of which established peak
,rlces. The net gains ranging from
Ia fractions to more than three
sa.r,s Bull operations in some OF
!gsse lssues we're aided by the limited
'pubilc Utilities and oils we're the
rost popular of the standard shares,
n,trs ~ d point or more being re-
+dsd rs Consolidated Gas. Pacific
Gas Western Union Standard Oil of
NV Jersey, and Tidewater oil. Mexi-
c,p seabuard issues, however. were re-
''yo defnite moS ement took place in
.
rrrn largely nominal. Norfolk Il
| W.s,crn canadian Pacific, Erie first
h r-eferred and Chicago e. Northwestern
| troferrtd Wrr" relatively slow. steel
| mares aleo showed littlc change. u. :.
s,efl common rnd Republic declining
,,atttnraI.'. while MidNala. Bethlehem
Il sad Gut states moved to higher
ground
| ty the hear faction IN the final deal
YtaNa
! ~ga pr' 'rrr"d Marine preferred and
Tinted states Rubber common and pre-
| erred the losses ranging from two to
renr!y - points.
| copper shares we're again active. Sc
rri,.es ~ south American companies
| registering ih" largest gains because
| * thclr iUW'r production costs. Chile
| copper vas pushed up over a point
rrd frpct pnal gains were made by soy
| raj domestic shares.
Total sales approxlmated 100000
shares.
CaIi money opened at ~ and then
ardencd - :. VIII ~ ii held until clos
ne Rates Ter time money lso were
| Inclined - ftmucsS. This was attrib-
u'ed 70 TO shifting Of funds in con-
rsc,ina with recent government oper-
| atoms and income tax payments.
Foreign exchange rates continued
thtir uprard course despite the usual
seas nal heavy offerings of grain and
co''on hills against export shipments.
whic7 Ncr" not AS large. however. as
N number Of other days in the last
'-rNA wocks. Demand sterling made a
1 good response u The optimistic reports
rancetniug the me- ing between Lord
Cur7uN md Premier Foincare on the
Near East situation, demand bills he
iag quoted a. s; 4" 3-l6. or more than
cent above Yesterdays figure.
some 'Nncllcnt agains were made in
todqys r'1atNe!y Eight bond market
SESSION foreign government securities.
industrial e~urs and Liberty bonds be
ing particularly prominent.
| Frnu,A dollar bonds. regarded In
some quarters as an index of financial
coudn one abroad. were substantially
heif'r gains Of point or more being
scissors Gs, Lyons Mcditcr-
ranoln ss and Bclgian IS. Mexican is
and is also moved up more Than Il
po.nt on announcement that funds to
t,"et IN" initial payment on the re-
sumption or service Of the Mexican
am were ON deposit in this city.
'2ccho-S !"vatan s. dropped nearly l ]
g. now low.
Liens of copper companies operating
Wv south America strengthened in re-
s"7n>" - H." better stock prices. Chile
'"pNrr - rising ~. thn Is II, and
trp le la~co So I. Distillors Seruri-
IT'S rs Wmlprd moro than ~ points in
, IL 't'n at Improvement in the COM
lan' financial position. Will" InVin-
mic on IS touched a new top in sym
pa'hv WITH tho recent advance i'll tho
irirr "f That companv's stock. Gains
N llS polris or more were rlado by
Wilson COMPANY convertible fs. Don
'sr S'',t IS and EepuhllH Steel IS.
S"Gihrrn Rrll Telephone IS dropped
i throc rcirfs.
Railroad mortgages were not as
y pcl IN demand hut some speculative
lens l4kr New Haven Us and st. Paul
J convertible AS were point or more
tgh"r Chicago Northwestern Is ana
l'nhts Central refunding As each
t,chlCd \ point.
+ IT -.dcut iIardirg's veto OF the DO
rfs 20 II was believed 70 be responsible
fr M" carly strength war issues of
oar Nvn gov ernmcnt. the Liberty 3AS
4! )amrrg - points to a new high. hut
SLIPPING hack later when word came
'Na' ne House he'd passed tho bill
4 over tnc PRESIDENTS veto. Othcr issues
lrEs stored only nominal gains. the
''H'h va hong particularly active
Iotal sales. par value. were $12,-
! ?2l P0o.