Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-12-01

NEW YORK MARKET
Features Of the Days Dealings in All
tire Leading Stocks

New York. Nov. 30.--Today's
post holiday stock market. with
many traders still absent, was note
worthy chiefly for its dullness. Price
movements were uncertain and in
clined slightly downward through
most OF the day with moderate rail-
lies lifting few stocks sharply and
others moderately during the last
hour. The trading was almost en-
tirely in the hands Of professional
spectators and recorded corisid-
cradle amount Of profit taking.
Efforts Of bear traders to take ad-
vantage of the situation to force q
break in prices, despite the relative
ly small number Of traders present.
were unavaiiing and the stead. buy
Ing UP OF special stocks. including
the low priced oils, had its effect In
the substantial gains registered by a
few shares.
An instance of this sort of buying
was shown in the advance Of United
Railway investment stock, which
closed the day j 3-$ higher. while
the preferred moved up nearly ave
points. The leather stocks also
I found good support, Central Leather
gaining y and the preferfed 2 Ia.
Dawson Chemical again had an
active day, more than 10000 shares
CLEANSING hands. The stock closed
at II Us, of fractionally, after
running up at one time to "a 1-S
Maxwell Motors A also fiuctuated
widely, closing fractionally lower.
AFTER being up nearly two points at
one time.
The contrary movements of the
usual traders threw some light on
the uncertainty of the days trading.
American Can was pushed UP more
than two points. Baldwin advanced
fractionally. while Studebaker and
Z. s. Steel shaded off.
Railroad stocks were fairly active
and price movements mixed. Cen
trail Railroad of New Jersey lost
four points. and st. Paul advanced
two points. Other movements, for
tons.
Call money opened at 4 "a per-
cent. advanced about noon to 5, was
marked up To - later and re-
acted to 8 before the close. BANK
ers reported small amount of
money was being loaned for all ma
TURTLES around 5 percent. CONNER
clal paper was quiet with prime
names going at 5 percent and some
paper commanding 5 IA.
Foreign exchange rates were
somewhat irregular. Demand steri-
ing continued its reaetionary trend.
losing. more than = cents to
$4.33 1-1G. Francs were about steady
at 5.34 LIE. Scandinavian rates gen.
orally advanced. Holland gaining II
points to 14.96 cents and Denmark
moving up 10 points to 1850.
Mexican bonds were active and
relatively strong in bond trading ON
the stock exchange on reports of
early operation of the Mexican debt
agreement. The 4s moved up more
than a point but reacted slightly be-
Iore the close. while the 5s closed
l IL points higher on the dav. Gu
pan securities also were stronger,
que to the state departments de-
MAI OF reports Of Cuban troubles.
Otherwlse the market was rather
dull. Railroad mortgages changed
hands on fractional fluctuations
with the trend pointing downward.
Buying Of Denver g. Rio Grande re-
FUNDING 5s pushed that issue up a
point.
Execution of a few buying orders
for public utility liens resulted in
some moderate advances in that
group, while fractional recessions
predominated in the Industrial divi-
sion, due largely to heaviness of
rubber bonds.
IL is probable that public Offering
will be made tomorrow or Mondav
or the st. Paul Union Depot bonds.
ooa a o bond sales. par value. S.