Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-12-15
NEW YORK MARKET
Features OF the Days Dealings in All
t,e Leading Stocks

Nrv No'I Dec li.-Profesaionai
rp,.lt,ois ior the dcci:ne. acting on
OIL" beu,r That The recent advance had
h'nn uN"rdon". attempted To unsettlc
ttI".r ~ tudayS stOCN market but
nrrs only larti&IIy sue 'cSsfui. They
.,rr-U,d IL depressing lew specu-
.ttt' f.NuIItcS such as Baldwin and
.tud'naneI. but fresh buying power i'll
utu,r quarters made Closing prices
highly irro gular with the gains out
numbering the losses.
Sterling exchange. which has been
enc ot the features of recent markets
because of its remarkable rise. held
cay today around S4.6Ss., Opinion
~ nnanciaI experts is divided as to
Hhcttcr british government manipula-
un Was responsible Tor the recent
jump. bat there IL general bclicf that
4r 'Itc is headed back to par as
suIt of the constant Improvement in
tio British trade b3laGce and the sta
l,iHI't"u II Er.tains Domestic imam
ti1i IaajrS
- pol aiarcs were bid UP in rapid
~ 80 curing tho lsst hour. buying
iclug iruuthcrd ~ TIE encouras ing
l.'u poets Tor business during the first
Gu..'r ~ i3.3 contained IN the week
b. Etan IttirM+. Lructoic Was pushed
p lguF points 20 -. thc rapid rise
:, ms sIe being accompanied 10y
!tpriis pt renewed ACTIVITY of tho Old
j'u"i ~ tu"t stock. l.. ). Steel com
ttof 'Uu he'd irG and h"n slipped back
toI "a gal' OF +. on the day; Both
n'tNa',d production hy farm implc-
Il. manufacturers caused Il Hurry
Hl n.! NIX IA International Harvester.
1.r. jumped four points to 91a, hut
.ne 'l,i idlt or TINS gam before the
'','d changes took place in the rail-
fn1- ~. Ip. which was featured by the
r.aH' uInE demand for Heading and
'w. 'p.!i" " ono, Publication of
III" '+ht months inc"m statement Of
tDr lJtt Dr. which showed net profit.
i,trt irymout ot the dividend on the
~ rtcfrrrcd stock. equal to $50 per
~ 'u the common. or ut the rate OF
. 80 cent. annually. stimulated buy
~ ,, 't't stock. which closed al Il net
Ifn - u"intS. i:cading registered
NJ palH ~ I, ana Jersey Central,
"ic'' INDUCED in wide fluctuations,
.HH '-H thee, New York Central got
down az low az ga bu. rallied 10 30 at
'ta ri,g". recent selling icing based on
- failure Of the directors to IN.
't,iS" o." regular dividend rate. North.
bear raid against Piggy 'Wiggly
'aHs S.ump Of 10 points, half OF
hhh was recovered later. National
y" 3 U"ici. had been bad up in specu-
i"t.5. .uittipHtioa OF "a stock dividend,
'r'r.,d ~ low ~ t2i;, or 81 below
..rdny's high. when the directors
- dividend action. !, rallied TO
&
'-i ~" dnv. Marine preferred registered
a. lc@s OF - points on reports that
tao slip subsidy bill would be side
saeEcd ~ Congress in favor OF the
fsrm credits men suro. General Asphalt
i-ec ,e"red - and the preferred 81 from
%e1tt Tday's sNiness baldwin closed
= lo'.fr and Studcbaaer !,
't"l money held ut per cent.
. throughout tho session. The time
hu1'N Ms slightly easier Il few co
bhd To-day maturitics hcing arranged
~ ~ pce cent. with per cent the ruI-
reg ratio FOR the longer inaturitics and
f"r the :0-day period. CONNER
cal paper trading was quiet with NO
--sS Tgc m rates.
frsnch exchange was quite active
-Gith NEST of the business being done
arouad 5.iS. or eight points above yes
.surday's price. Other rates were ir-
IrgH'ar. German exchange improved
YitgNtly despite the unprecedented
weekly Increase of 100000 marks in
note circulation.
Heavy trading in L. S. government
securities most OF which registered
'uHfts. fcatufed todays irregular bond
deuiiHss. which were nearly double
tha~ cf any previous day this week.
~ c't SIS Improved eight cents on
~ nd tho third as four. but the
uFd 80 droppcI - cents and the
! ,rrw iis iG. with Tie other active L.
su,i showing losses of two to 10 cents.
Strength ~ brazilian bonds was the
vi si@ndinE development in the foreign
p u. as improving u and the large