Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-06-01
FINANCIAL NEWS ~
,W YORK MARKET
=, tho Days Dealings in All
t'Fs' ~. y Leading Stocks

wi May 31-Erratic price
Fsnens.ss et with closing prices de-
g mare Irregular. The upward
E which has been in pro-
sn sar the last week. was re-
10, the opening but trading
Jed ~ anil on the rally. Some
pus ;. me- me- into the oil shares, de-
ag car announcement Of another
!as IN the wholesale price Of
sass :. n the western Pennsyl-
tI VA mid.continent fields. This
y aau ntnated later by selling said
sSa.a;rectly connected with the
y proceedings against the
r Y. cyrb market houses. Just
' .ss close selling pressure was
~, ~ against the equipment
sa which previously had
~ - impressive strength.
W ,i,a-nia petroleum was again
fsatures, establishing a new
"a. i oil time at III SIS and then
W. ". hack to 116. where it was
s4.ll points on the day. Weak.
J Of Marland OH which closed
! lower at 40 IS was attributed
~ quarters to the liquidation
stock purchases for for supporting Ilo ntinn
lso.es in the recent reaction.
H. Ss Petroleum also was heavy.
.G's offered good resistance to
~ a. nressuer. Reports Of the
Il class one roads to report
sS combined net income of SOL
!. I'M in April as compared with
4,s0OOO in March and $780,
ian in April a year ago.
J american Locomotive touched a
! t,u at 143 3-4 but slumped to
|, , where it was off IL on the
J IN the final reaction. Baldwin
J ,.ed from its early high of
10 1873 "a, off 3-4 on the day.
J ,srsl Electric touched $50 IA
I hen fell back about two points.
,rcan Can, anotner 1aNorlte,
1 sold off at the close.
-frierwood Typewriter advanced
pints on announcement of a
! nt3llzation causing a change in
NICE of the stock from $500 to
share. other strong spots
Kinney Company, Maxwell
! hrs A, and Manhattan Electrical
!, ply.
nd Of the month requirements
! led in a stiffening of the call
/ tw rate, which opened at 5 per
/. and then advanced to 51-2.
{ Ii time money was offered. the
! remaining at ) per cent for all
tvrities up to four months. The
knercial paper rate was I'M
Snyel.
III further collapse Of the Ger
mark to COLA IL cent was the
ts Of the irregular foreign ex-
kngs market. Demand sterling
tun@d US of a cent to $4.62 3-S
French francs dropped s points
G52 cents. Greek exchange
ped 50 points to 2.S1 cents in
kunse to heavy speculative pur-
( YES South American rates were
y banged because of the holiday.
{ (aing in bonds today on the
q York Stock Exchange centered
ykfy in the foreign division with
{ activity In the railroad group.
hsria bonds were dull and U. S.
Z tsnment issues moved Irregular
within narrow limit.
) Pains Of a point or more were
, trlei by Belgian TBS and the
vISRbian IS. and Rio Grande do
u Jurgen is fell off l IA. Fluc-
ions in [, S. Government bonds
confined to 4-332 of a point.
1ulative railroad bonds pointed
''3aH during a greater part of the
but many of them were unable
f0d their gains and closed with
FACTIONS of closing quotations
day. Atchison general As show
{ net loss of l is points. Buy
Of New England Telephone and
irsph Is carried them up 1 IA.
mia Carolina Chemical TIPS
warrants, dropped 1874 and
fand Oil S., with warrants, re-
y 1873 !
al sales (par value) were
1900.