Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-10-05
FINANCIAL NEWS M
FEATURE. Of the Days Dealings in All
the Leading Stocks

<e,y York. Oct. 4.--Stock prices
80 bid up in spirited fashion In the
T,riy bart 81 today's stock market SEES
.'n bat heaNy realizing sales at the
,i.". resulted In a material reduction
In most OF the gains.
,r.i tbo recent reaction was an ad-
t,,..picnt Of a weakened technical po-
Sir,u and had about run its course,
the buying movement was Influenced
,l,,or. 81 the standard Oil Co. of
california 10 declare a 100 per cent.
"'g,,poyed situation in tie Near East
andsTd o, shares r ssain , T:rs tn, he
'I,res ~ Standard OF California
rsnrsd hands IN the FIRST hour, the
nice h,ing pushed up to l3ia. a gain
fss points over last nights hnal vote
liza NJ, above that of Monday. but II
.sidea 10 f3si at the close today on
urrst taking, standard Of New Jcr-
.ry touched Nei0i new high. and 81
r.Inis above yesterdays final quota
,rn but b, fell back materially later.
~ dd Mexican and California Petro-
slm ana Houston and Pacific Oils.
eTIrh wcre up three to fve points AT
ar nigh prices. Associated Oil
lea less sharply. showing a net
utr Y four points. Mexican Seaboard
..r Wcre reactionary under the de-
\ production ia the Totcco field.
tlu operators were manifest in a
,.ifrher - special stocks. National
R.s.4lt which jumped iot points yes
uriat vas pushed up, another II
t.In'. today but lost all hut 81 OF its
sfu before the close. Buying of this
..a-t was based on uncunfirmed re-
ports ~ splitting M OF the present
shares Hnd proportionatcly larger
g..Idsnd On tho new stock. Coca Cola
To. ~
m dividend disbursements, registering
ID rcf Sam ~ "a points.
kfrsEr Vas pushed up 10 new high
o. trr announcement that the com
p.v VN'l 'all tor redemption on jan
n U.s. ] nest an i;s outstanding per
,.t' notes which originally amounted
in 81 0nn 600. other strong special
tr- M udod Corn Products. up 4: Du-
puaf uu 34 International Harvester
ur Is $50 wheel up 3: May Depart
.. -tnr,s. W %, and Sears Roc
IN. aN4r,. Lackawanna e. Western,
Co.,. .ls tccn bought heavily of late
... r.tfs uf stock or extra dividend
rrb ~ 70 today but fell back for
r.t ..-e of = AZ the close. Trading
n ..'I.r rails was light
H.t shares were sluggish during
rt.f Y the any. although Republic
,... IT. ana cur Stntcs became quite
.t... ". ne hual hour and registered
r..d.r1fc gains. ShippinRs were in
Irtt.I ltu,ud. Marine preferred being
o. 'td up over three points. and
A.tt..an International Corporation up
r.'ri aalc- arproximated 10000
Tl.rr vHs further easing Of the
.l.. n..urN rate. which opened and re-
~,r u ~ 4. AMI soffoned 10 just be-
fre t1c lose. Money and CONNER
r NJ pnrcr Wcro quiet.
rfr fcaturc ~ tho foreign exchange
r .-tet was thc drop OF German marks
t r., nov low rate Of 1i-l6 cents
l.|I.di,d ofbcr exchanges were firm.
a, ard sterling climbing TO s4Ta. a
t.t r..u - 2t with slight improve
r.r' .r fhc contoncntal rates. Cana
H". nrg were still At slight pre-
Nr ti.-rrul foreign news and n
i nId' relaxation In money rates
.lfuprrhcugtVe demand for
I.. vU.n ,mhrnccd all varieties of
Tr. market reflected 10 minor
I.t enthusiasm manifested in
... market with speculative
vol 10 tho front in tho up
nHr1 ..ut cWcut. Considerable acttvi-
e.. vls shown in the foreign section
ut. trt'.,h government and munich
fH ..sIoa registering proportionately
ar- pdsanccs than other foreign
Wllll'lFN ll'' WV
tIHF" NtrN IN rising scale as was
e considerable number Of industrial
ti.e HIGH grade railroad bonds did
rof ,br, much tho bulk OF the de-
ruul entering in issues which cont
IDl', move In sympathy with STOCK
.'tiHfInrr Among the Outstanding
.urY tr tturnts were cuba Republic AS.
r.Irf.. Seine *. | point; Bordeaux,
I..ra N1rSctl,cs nud Queensland 6s:
ny rnd French government 7ts ana
~ lntsd Kingdom 5As ~ 1929 ana
'Htf I. unucso trst AS. Denmark IS
t..fn. rIu,nktau S. and Paris-I.yons-
N.d. rr1rcan IS. ! 10 IL. Brooklyn
Tltd Transit - mounted two points;
Au.tt..Hn Telephone convertible GS. Ia; ;
r.I Uud.,u A. Manhattan adjustment
fr'trrurohEh Rapid Transit IS and I
Frn.hNu l;pd Transit Is certificates
ami rur .t,mpcd *. ! 20 -.
50 i.ul. e san Francisco income !
t. ,rd colorado & southern AIS gain /,
e1 lf Hrnboard Air Line consolidated /
D.. a pwd Denver < Rio Grande re- |
udr- g. Eric general 4s. r. & q. |
.rrIhIr U.s.. Reading As, t'hesa-
urHt. A bhiO convertible IS. Seahoard |
Nr iur f,fuudiug and adjustment IS |
7ni tr Northern jls and IS, TO |
industrial rasuca were featured by
.sc Of q IN chile Copper IS. while |
fH'intIh,c ON SS gained "a and Donner |
stool NwcricPn Sugar Gs and Con-
1l.un CoM ~ Maryland SIS, / TO |
rH sa',s rar value were sic.-