Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-11-07
m YORK MARKET
:. ~ Gays Dealings In All
- Y. Isadins stocks

4. \ Lsadins Stocks
-, Nov. s--Heayy profit
% licked ss; the early advance IN
By Il stocks in today,s marker,
srial 1i,,oad shaes continued to
~ ~ IN response TO a sus-
u aneaa .,ment demand for the
ID rarriers and speculative
g ,s,ion Of several low priced
fading was again on a
~ ! he days sales agsresat-
NJ go q million shares.
ie :, the rails was based in
~, The speculative belief that
q NO Of the next congress pre-.
sa. - 'possibility Of any radical
~ !p '..,,sIation in the next two
s'ssa ,,nnng the II rails to soar to.
81 n g mricss for the year were
VI ys,x Central, Frisco common
~" WABASH and Rock Island
lns ,.s1es. "Katy" common and
aIS Great Western common
si..s.rrsd Missouri Pacific COM
I. ssd pretefTcu' A"S
Nv nd preferred and Kansas
rssa s,,, her seaboard Air Line
y n. hignest price in eight
~ =, the most significant deyel-
oa ..,, Of the session was the in
p. f n public participation. This
|. oaticularly apparent IN the
IA soh of more than two
III, 70 10 l.2 with somewhat sim
~ ia,,ss in American sugar REIN
fnront and General Electric. u.
LIZ common closed Is lower at
81 while American Can showed
- ,,in n IA Of a point at 104 IL.
h,iss tho early eutburts Of buy
Z The Industrial group % Issues
.s,.d 10 new peak prices fer the
!, ineludjn. American Smelling
rs@n and preferred. Montgomery
.a II. n. Mallinson. Corn Prod
! \, American Radiator. u. S. Cast
n pipe, slmms Petroleum. Ameri-
IN robacca 81. Westinghouse Air
,,v Iron Products and Maxwell
sa, 81. Early gains In these
Iss ran from TO 3 points but a
LMbG OF them were practically re-
Lf,d Or wiped out before the close.
IIayy selling OF some Of the motor
|rs vas prtdicated on the season.
trline In retail business which
been accsntuated by recent price
b Chandler broke 4 points to 81
~. new low for the year and
IA rallied 10 q ~. while Yellow
d Manufacturing duplicated its
,yIsus lew OF 81, of Is. General
ass closed a point lower at So ~.
@ancsmtnt Of the IA dividend OF
Is on the new stock being with
w Until after the market closed.
| n,Ising up Of the renewal rate on
b money 10 3 percent followed by
nbs.quent advance to ; I-2 also
b IN influence in the days selling
d. Industrial issues. The higher
N Tor call funds was due to the
amslys calling OF loans by banlSs
l 1snsthen their reserves in the
I tul reserve bank. Time money
M held firm, but little business
b transacted Commercial paper
IN were unchanged
| R.sn exchange rates moved with
narrow limits, Demand sterling
ttsd slightly from the years hiah
NI established Yesterday and
mt Of the other European rates
btstd nominal changes. Argentine
sAinfe was strong.
Asrksd activity in semi-specula-
h 'slroad bonds was maintained
sF despite high call and time mon
mites which retarded trading in
pr Issues. Sufficient profit taking
aoptd, however. to reduce the
~ average In the general railroad
10 vel as In other sections. Re.
q Of interest in the low priced
liens reflected the favorable out
'or earnings. dividend and mer-
developments, and alse reported
cumulative effects Of several
VIZ 81 record. breaking loadings.
lss orders were carefully placed.
~ selected issues OF the st. Paul,
s'a and Eastern. Chicago Great
Ms'n, Frisco Wabash and Inter-
aOnal Great Northern scoring
1 OF about one to . IA points.
y Grade convertible bonds moved
sympathy with the rise in rail
HEe Of Liberty bonds were shad-
i.Atr In reflection of the stiffen-
money rates. The trend OF
VT obligations was little changed
aeush SERBIAN SIS recovered l IA
NY and Cuban ) i-s's worked into
IL.
neshlehsm Steel SKIES were con.
s'%iy heavy, at one time declin-
~ points to a new low price
q ~ but closing with only a
we're lower
s'llr Offering will he made this
a 100000 Winnipeg railway
, M percent bonds. the City Of
,'e sold an issue of So,9I1.000
percent bonds to Canadian
ftaas.s. s"ee' railway
siss were iiss,snna