Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-04-25
NEW YORK MARKET
natures Of the Days Dealings in All
the Leading Stocks

New York April o4.-With the excep-
lion Of the final hour when prices were
ID up briskly under the leadership of
be oil group. today S stock market was
usually dull. prices generally OPEN
slightly higher and remained more
less stationary will. occasional evil
nce OF bear efforts to resume the
onward trend until shortly before
close. when pool operations pushed
i number of the shares up rapidly.
A feature of the closing hour was
&ling of t. :. Steel. which had adj
knced by easy stages to loo and de-
lined at the close to 104G. where it
Fas off ( on tho day. Selling of the
= Jock was attribute to unfavora bic.
hpectations of the earnings report for
first quarter. which. however, prov
more gratifying when it was made
)lblic shortly after the closing of the
|Parket. Net earnings for the quarter
FIRE announced at S34.1S0. 069 compa red
Fhh -sl9,sS9.9s5 in the corresponding
Erod a year ago.
n Colorado Fuel rose II points on
eavy buying. Influenced by the excel
Pit earnings report for the first quar-
kr of the pear. Other Stcels which
(und favor in today's market included
bss Sheffield. up three points, and
Fnn Products, up p points.
Strength of the oil shares, the first
foup 70 benefit from buying in the
fe rally, was Influenced largely by the
Elton cf some of the large companies
deciding to shut in a part of their
billy production in California. This
Pill tend. 1t is thought. to stabilize the
acifc coast oil situation. Standard
OF California advanced 81 points,
Ritornia Petroleum and Shelly Oil
no each and Cosden IL.
i freshman Yeast shares moved for
Evdend may be declared soon. advanc-
=! POINTS on tho day. Heavy buy
Of GOODYEAR preferred carried that
Gk up SIX points and Goodrich re-
rded gain of II points. Porto
ENan-Amercan Tobacco shares jump
" points in reflection of the with
aWal from the courts of n petition
ehJo'n The company from carrying
10 effect plan Of rocapita lization.
american Chicle closed four points
CHER. and Central Leather common
ma preferred each gained a point after
Ginning an early sales. Stock of the
merican Smelling e Refining COM
any sold off a point. rejecting disap-
eminent at the failure of directors to
IKE action on common stock dividend
lodays meeting. Railroad shares
ere quiet. a two-point advance by
lsourg & West Virginia being the
Istandlng gain in this group.
laii money remained steady at ~
cent. throughout the day. Time
uaey continued quiet with good sup
~ at at per cent.
me feature Of the foreign exchange
karket was the sharp advance of
.rench france. which rose 81 points to
LII cents. Belgian exchange follow
.ne french advance with gain of
4 points to 5.S3a cents. Demand
r y,ling eased slightly to $4.64s, a
|fOp Of point.
me outstanding feature of today's
au,hg IN bonds on the New York
uvh exchange was the activity and
xwgln shown by the foreign govern
ss ISSUES All Of the Mexican issues
A., A. up from of a point. buying being
'uencen ny news from Washington
regulations looking to recognition
w republic and expectation that
mi mexican debt agreement is to be
ts,o h,o operation at an early date.
ron mea ponds also moved to higher
ound, the SIS and us setting new high
O'as' City OF scissors 6s were up
=. government bonds were compar-
hssSs nfhl. fluctuations being confined
n ,.; OF point. Price movements in
havana ROAD group We're mixed. New
Iror 10, os advanced a point, while Erie
.1 ur lien as and Seaboard Air Line re-
NJ as each dropped ] / points
MI hbaalng in industrial bonds was quiet
ka,b,.the" important price changes.
r an Steel refunding SIS recorded
tw am OF It points while Montana
ro,a,' rs We're off point.
|E6So SAFES, par value, were &c.,