Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-09-06
,rv YORK MARKET
-. At the Days Dealings in All
T' N. Leading Stocks


L. York. Sept. 0.-1he upward
ysu ant Of stock prices which was
snsI u,,v halted yesterday by
'oss ..a"nor.ed to have been based
is TYP W the Japanese disaster,
su -s,srned in today's quiet SEES j.
Snort interests. apparently
.in,sd at the relatively small
of liquidation brought out
lns ,,manese news. began to cover
n.sa outset. This buying was
% NV by the operations of
a nea.ss ether Spectators for the
s who began to discount the
alss ,hot would accrue to Ameri-
Il. s rronpanies from orders for re-
Suction and relief work IN ia
r., food and textile stocks were
Se,ncipal ones bid up IN eXpecta-
lI.D ;nrreased japanese business.
WI offices of the leading steel
,..srs already have received in
Is from JAPANESE eout eoo' eoii
y, r. mentioned in this connection
M .ss United States Steel Cor
l.. Bethlehem Steel Corpora
4, and iron products corporation.
III: Of which advanced one 10 TWO
rs of . to 8 points also were
,-asi by such representative
o.. IS Baldwin. Dupont. Ameri-
Son Mallinson Silk, Gulf States
), earn Products. Julius kayser,
a,csn Wooden and Loose-Wiles
I'm National Biscuit and Con-
81 Can touched new highs for
SSmicals and shippings also gave
demonstrations OF group
- DAWSON Chemical spurted
= POINTS TO 40 after selling as
=. - g il and Allied Chemical.
r,.i,an Agricultural Chemical
E-mon and preferred, Virginia
alma Chemical common and pre-
~s and American Cotton Oil pre-
ID closed TO 3 poins higher.
vine preferred closed 3 ID high
y~T ia and American Interna-
al corporation gained l Il.
brisk demand for Chicago and
H., prcferrcd, presumably based
eports of higher earnings, fea-
II tba railroad list, the stock
'f5nr nearly 8 points higher at s
N selling as high as s 3-S. Gains
4 np to Il points also were es-
XTshed by New York Central,
f-6crn Pacific and Canadian Pa
tbe money market exhibited an
2.fr tone. Call money opened at
/ IA but ea.ed off to five and thence
kN.2 Time money was quoted at
H.. bid and asked with demand
frhtly in excess of supply. The
k,lmercial paper market was more
hve with an increasing amount of
Fine names going at five per cent.
Demand sterling established a new
w for the year, at $50 5-S and
u. bounced back to ASP Is. Re-
IT. MT weakness of sterling was at
tbued to speculative expectation of
3ay drafts being drawn on London
a result Of the japanese earth
bake. German marks also estab-
thed a new low for all time at 3 IA
! nts million. French and Bel
Jan rates showed slight recessions.
conflicting price movements took
ace in today's bond market.
bench issues exhibited moderate
length, French government IS,
ions Is, and Framerican Z LIS
|rh closing about a point higher.
Spanese bonds developed a firmer
be, although the As lost ! IA points
the day. Austrian Is dropped 1
Pint to new low record for the
lr.
| t. S. Government bonds were
fiy, probably in expectation of
1ne new government financing in
I next two weeks. Losses of 2-32
l-G Of a point were recorded by
active issues except the Liberty
rs which were unchanged.
Asharp 3 IA point rise in Chi
9se and Alton 31-2s was the out
fadlTg Development in the railroad
F0ap, strength of this issue and the
BMs preferred stock being based
/ reports of higher earnings. Mar
L Is also advanced more than a
~ In sympathy with the higher
FIX prices. Local fractions were
FsV on reports of reduced earnings
Y month, Third Avenue adjust
sA os and l marlborough Rapid
Eslst refunding 5s each losing l.
{ points. Commonwealth Power 6s
i were heavy.
announcement was made tonight
~, a public Offering Of S5,OOO,OOO
" Term notes Of the Argentine
Eminent to refund maturities due
k1suer l would ba ,,,oJo to-, o,ro,,