Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-12-10
financial
Inv YORK MARKET
J, .hs Days Dealings IN Al
~ ~. y Landing Stocks


~. DAYS Dealings IN Al
q. n Isadins Stocks
- Dec. Stock prices
y IosS LON upward today in re-
aessh heavy investment de-
70 ne high grade issues. APP
icf ~, omr score Issues attain
nas ~ prices for the year on
= ~ slightly in excess OF l,sOo.-
slss 'N The average Of twenty
tafss ssa;,strial STOCKS touched u
III high livel. ,-..a ov.- n
ang nus were effective In the
". ..,ity. motor and accessory
u..s', .hares which combined.
:sscp'us sdi about one third OF the
iisns GATES steel common was in
,ssa msnd In expectation that
as, tonnage statement, due
eoasD wlIl chow an Increase OF
GOV; oo 200 tons in unified or
~ stock closed IL points
~, ,sn after having sold at
ecood buying also vas noted
W ~ the independently issues,
Bas . n and Ludlam breaking
b heir previous 1924 maxi
auotat.ons. . a.uard for
49, sIephone sent that stock
@ bigh at 1871. up IN.
~ ,.s,Ies in the public utility
~ be quoted at new nigh fig-
American Water Works,
s esu, power. Western Union.
att s Gas and Brooklyn Ed
,r NJ the motor issues center
.,. ,,II in Jordan. Maxwell a and
y pierce Arrow. common anu
VA aIl OF which we're accumu-
10 reports of large current earn
,ricea specialties continue to
Y GOOD gains but the fiuctua'
wsre moi 40 violent al In some
|. nreyious sessions. General
sdyanced more than seven
~ asOA and then eased to 27S.
The other issues to record net
n a poir,ts or more were Case
hJnr preferred, the commercial
issues, Emerson-Br anting-
s,,tsrred, Fisk Rubber prefer
I'm PRODUCTS. Metropolitan Edi-
s,sierred Otis Elevator. United
md virginia Railway and POW
..r responded to rising commod-
Ic.s Kennecott and Utah lead
as advance In that group. Oils
mears we're heavy on unfavor-
tade news.
srallroad shares developed IT.
INV although Souther Railway
and preferred: Baltimore and
weferred, Lehigh valley. Chica-
N Northwestern and Ann Arbor
rsd sold at new peak prices.
n common and most OF the
I'D Issues lost ground. Della
md Hudson dropping I ~ points.
a,ral Baking broke 81 points
American Express, Cluett. Pea :
Philadelphia Company. United
Realty end Manhattan Shirt
p.d . to 3 points. tine last named
Inn q new low record for the
il SO.
n money renewed at 81 percent
then advanced to 3i2. Time
\ held firm with business IN
ME volume. Commercial paper
fffened slightly, prime names
quoted al 31a to 3A instead OF
~ percent basis
feature of tho foreign exchange
h vas the establIshmeutof an
Alsh record by demand sterling
Id or within, II cent Of the high
Me, touched since the war. Most
days gain was cancelled, how
before the close. Norwegian OK
Jumped about IA points TO
cents, the other European rates
aling irregularly within narrow
prices changed about consider
today but showed little net
Speculative rails continued to
to profit takings. although sew
issues developed independent
BIB,
financing again absorbed most
attention In investment circles.
Central Leather Co. Ia expected
iF the market within d few days
4 tlS,0O0,ooo bond issue. giving
n hendholdors preference In suit
ions, The Republic Iron Il steel
ss sold si,O0e.000 short term D
MT notes to bankers who prob
pin make an early public Offer
Considerable interest was shown
nNO00000 financing by the Ca
Pacific Railroad. although the
s will be confined to the Cana
@rket.
prospective agreement on
Plate" lease terms appeared to
Rcmoted n demand for bonds OF
sfious railroads involved In the
Nd merger. "Nickel Plate" 6s.
Fahe & Ohio Convertible IS.
Mrquette IS and some OF the
SUES advanced in the early trad
v later forfeited some Of their
Of the other rails lost ground,
hs Frisco income and adjust
y New York Central 6s. North
ielhc "a "p," Denver & Rio
rtiundins IS and Chicago
Western Is.
IVY oonds were easy. United
m Sls OF 1929 reached a new
Ma llSs. following the rise in
" new high.
we're N5.la,, 900.