Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-07-09
NEW YORK MARKET
Features Of the Days Dealings IN All
the Leading Stocks

+ New York, July Stock prices
cave another impressive demonstra-
fion of strength in today's active
rnarket, more than two score issues
attaining new peak prices for the
year. Buying was Influenced by a
continuation OF easy money rates.
reports on improvement In the steel
trade and Indications that the DEM
candidate as their presidential nom-
tnee.
yided between the public utility and
rail shares, which combined, fur
nished more than half Of the days
new high records for the year.
American Water Works common
continued It's sensational climb by
moving up z IA points to 104 IA,
ar about % points above last weeks
low. West Penn Power. a subsidi-
ary. moved UP more than points
N IS, also at q new peak price.
General Electric touched new peak
nrice Of pa So and then eased to
i4o IA, where it was UP / IA points
on the day.
VI New high records in the railroad
oroup were registered by Union Pa
FAC at 1877 rs. Illinois Central at
los. Northern Pacific at "a 1-8. Bal
t,rore and Ohio at go Ia and st.
Tnuis Southwestern at 43 IA. South
arm Railway and Louisville and
Nashville touched record highs for
ali time at Sc IL and 90 IA respec-
lively.
.rned TO heaviness in anticipation OF
snother unfavorable tonnage report
Su tho United States Steel Corpora
+inn on Thursday, rallied with the
rest Of the list, u. s. Steel common
crossing 101 for the f1rst time in four
oonths, Oil shares continued to
Mid relatively firm despite the ex-
tension of crude prices cuts to the
mid continent territory.
strong spots in the industrial and
,recialtv list included u. 8. Indus
tJ,l Alcohol. National Biscuit
Ioose Wies Biscuit. Nash Motors
anjs Chalmers Jordan. Martin Par
49, Maxwell A and MathieSon Alkah
aIi nm I to IL points. The only
en,enicuous weak spots were Manati
SUGAR which broke Z IL points
phiIIip Norris, of . SIS. and Phila-
dtlphia and Reading Coal and Iron
off / IL.
oil dav. Time money and CONNER
rial paper markets were quiet WIN
no change in rates.
Foreign exchanges held steady
With trading restricted pending de-
yeionmer,ts at the conference be.
,ween Premiers Macdonald ano
uorriot at Paris. Demand sterline
Mod around S4.33 IL and French
francs lust above $40 cents.
Rad prices. today registered moo
.-o,.. Improvement with numerous
.neculative issues breaking into new
bish ground for the year. Railroad
pnns led the advance in the domes'
III list but persistent selling OF Bra
.II,an Civilizations based on uneasi'
las aver the Sac Paulo revolution
had an unsettling effect on 1orelst
bonds. 49,. -ov
Widening inquiry for the IoN
nrired railroad issues led to seVera
brisk rallies in this group, annousl
ne high grade descriptions on tn'
wbo,e made better progress. =
Renorts that the Chicago and ~,
,on reorganization plan soon "ou..
bs COMPLETED contributed TO =.
rcnt cain in the roads 5 LIS. .,
Paul. Erie and New Haven ileh'
were active and higher. .;,,.
wilson and Company convert'pl'
issues developed fresh weakness o.
renor,s that they would be sunlec
"a exchange under the COMPANY
re rean nsThns plans, losses ransin'
from . to IL points. ,o.,
Early financing viii inci tns indus
trial mortgage bank of Finlan n,
Banker. .', said no plans had a. se !.
comnletcd for, the sale OF bo noo NV M
s sD@'' ssrresatins about t,pos'
for which the Pehnsylvar,ia a ns,a,
made application 10 .'he rhA Nnanc
,nr' it was believed. was being don'
~ Total sales, par value, were slo'
ISL eco.