Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-09-20
',Ew 1OhK MARKET.
..,.s ct tbs Days Dealings N All
Fss the Leading Stocks


- york. sept. sH.-Chief srccu-
,u,erest In tDdasss stock mar
~ ser,ercd In a limited number OF
81 Eats which were bid up brisk
rerots OF special develop
~ Bear traders. who endeavor-
ca.f create Il political scare SIM
|nesonsly with the opening Of the
|sse;lette campaign in the cast.
~ little headway.. the few recess
80 - among standard industrials be-
" grni,ed to fractions.
% even score of stocks attained
neak prices for the year. These
fssseI such widely diversified is-
.. American Tobacco "A" and
&c &c Wcrthin2ton Pump, CniteA
postum Cereal, Air Reduction,
a go ..g." G. r.. Kinney, Ameri-
~ RANK Note, American Radiator.
tas o. geyyice of New Jercey and
ss Pacific. In addition, Mis-
~ pacific preferred, Studeballer
~ 1.merican Express duplicated
~, pre,ious top prices
trade news was mixed IN char
.a The weekly mercantile re-
80 called attention to a percepti-
y broadening IN demand in many
ssrs This was Offset however.
trptber cuts in gasoline prices.
g.,s.son n the preferred dividend
Isnrs Brothers Tea and failure
,hs directors OF the Gulf. Mo-
O.. md Northern 10 put the pre-
.s,1 stock on six percent basis.
,o,en,gl tndustrials showed incon-
.,nential changes. l.. $. Steel COM
e! sold down TO 1O7 "a but good
p'a,r suuport was provided and the
~" ,aIlicd 70 los II. where It was
4.ssenred on the day. Baldwin
1,.sd unchanged at IL IA. after
..@tnc fuctuated between III L.
"a las. American can showed
.-sn fractional loss at I'D ia.
~atacco issues again appeared TO
&. gndsr accumulation. American
e.hsrro 4 and + rising 4 is and 4
.,",s rtspcetircly. Schultz Stores
ga 9.'' IorlIlard each closed about
-, .,., tlrher. The Maxwell Motor
ewes responded TO reports OF In
..,asea sales. General Motors new
49, traded In for the first time.
,s,nd ., IL "a but eased a point
|. subscoucnt transactions.
revival Of speculative interest In
~ bakins issues resulted In a jump
~ poin;s in General Baking. Ma
.,ral Biscuit moved up more than
', s"ip,s 10 pew top at 20 IA. re
MI streneth OF Worthington Pump
"a, associated with that company
ssreiAnment Of new feed-water
.,,,er Strength of Kinney and
canaan reflects earnings OF S6.H
,h.re on the common in the first
4, ronths which is believed to
,.r.ras, an early resumption OF dlVi-
lends
rails held relatively steady with
mad buying noted in Canadian Pa
Tsr International Railways of Cen
,t,l America preferred and some or
u. western carriers.
Gail money ruled unchanged at =
,.rcent. The demand for time mon
,,v slackeneA but there was no
,sanre IN rates Commercial paper
a,es held steady with business quiet.
Foreign exchange rates continued
rac,ionary with business duh. De-
nan1 NtFllU. lhitu "po"r i''NA' -
f'a, lower around 40 "a, while
french francs showed n loss of
scout points around 90 cents.
Fond prices today continued to
rssnond To the influences OF easy
none,. with railroad issues leading
ne advance. Further. shading OF
2tts on time funds provided the in
tn;iee for expanded operations In
Liberty bonds. high grade foreign
ans and domestic corporation
Ems
Heavy ,rGding again took place In
Missouri Pacific Is and lnternation-
,.Grtat Northern adjustment lbs in
snticipation OF benefits to be derived
rom the approval of the merger or
,asse two roads. together with the
iuf Coast lines. The International
Great Northern bends. which daily
AVE been eclipsinE their previous
i.h marx. reached n new 1924 peak
Fget al e..
Denver and E!o Grande refunding
Z responded to the announcement
ssl the roads upset price had been
Std by court decree at SIT I'D. 100.
sith the ruling that the property
sast he disposed of ut auction with
y 10 - daNs. other rail bonds
ssfh, scored substantial gains In