Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-11-21
sEW YORK MARKET
& the Days Dealings in All
fsssu's' ,he Leading Stocks

rxrt Nov. 20-An extraordi-
NsW i demand for the low
SlA IA abroad shares, most or winch
iiceeggaSsd new peak prices for the
aSsa.atured today's stock market.
Esaf, ~ eales exceeded two and d half
Io1s' shares for the first time since
riIaoni IsI6, when the famous leak
pc, slsident Wilson's peace note
h g, about frenzied trading with
rcgsm tas IN excess of 1900, 900
sas s@r.dIc taking character
y me trading ip- industrial shares,
~ ~. W. general list closed Irregular
.Ju Revival OF speculative in
y. IN the oil shares. several Of
sess advanced 10 nearly 4 points
'@a .n 1 Of an impending increase
1n nrices. vas one Of the in
u n ~ developments Of the season.
s 'ss,ag interest IN the railroad group
s.sred in New Haven which ad-
ssasd 3-S points to 30. the highest
/, years. Oh reports that the
49,. had successfully arranged
n9Ee,Gine program for next year.
= -, transactions in this issue ag-
y.',od nearly liJ,00D shares. Kan
|h'rifv southern madS the most
S'.,ac,,lar gain In the rail shares.
tg.-tioo g.. points to 50 IL and
.@a sasing slightly on profit taking.
@ther outstanding strong spots in
'au group included Chesapeake
" ohio The Eric and ST. Paul iss-
- Creat Northern preferred. "ka-
| ~ common and preferred, Missouri
,,der common. Northern Pacific,
pasdirg FrlH"o, Union Pacific. Wab-
,"G western Maryla nd. International
lila avg Of central America common
ii prclerred Nickel Plate. New
FAX Ontario and estern. Norfolk
|. 81 southern. II. Louis Southwest
20 and Scabuard Air Line issues.
|, n Of which closed 10 1 point high
General Asphalt was the leader in
10 ojl group, dosing Z 81 points
.sber at So. Good buying also was
led IN Pacific oil, the Pan Ameri-
an issues, Houston and California
,e,roeum. all OF which closed a point
D. 80 higher.
rnited states steel common dupIi-
1tsd Yesterdays high of ll6 IS. fell
hack TO ia IS on realizing and then
allied within hall u point OF the top.
american can rloscd more than a
otnt higher at ~ G. after selling
lree points below that figure. Bald
win and StudcbaScr showed small
fractional gains.
United states cast Iron Pipe broke
hearty seven points To 1875 and theu
covered little more than half it's
RS. Radio CORONATION. Texas and
aeiac. International Paper. Pullman
and Punta Allegro Sugar also were
heavy.
Gall loans held at - percent all
DAY, The time money and commercial
yaper markets were quiet with no
ftange in rates. Foreign EXCHANGES
tld firm IN quiet trading. Demand
sterling ruled slightly higher around
ii6a "a and French francs were
quoted around } Ii cents. The fca-
uTs OF the market was the trading
Ia Dutch euIders. which touched
lar--lt.20 cents-ior the first time
10 five years.
scm-specunti'c railroad bonds
worked into hi%h"r ground today UNI
Ter leadership of the New Haven is
sues, which responded to reports
nat plans had been completed for
me roads reminding program. Prices
'.tWhere n ~ list were shaded
iactionally rs profit taking con-
inted to croo ,li
nc brisk t1,'r it, rail shares slim
lated more ectlNc buying Of thc car
1efs bonds. ltc" movements "a
many cases following the trend OF
stocks Gains Of to . points by thc
New Raven IS, franc rs. convertible
w. ana Is of 1914 were in line with
: use OF more than :; points in the
'sad common stock.
hnlinS orders embraced a wide
'anety Of other low and medium
rT'ced i'm including the st. Paul
pSptS 'N't}" adjustment Js. Pooria
lHd Eastern income Is. Colorado and
>olthers refuadirg ! i.ts. Rock Is
ana rounding Is aai the Missouri
Fatiic obligations.
N'HlIhued reports OF faNorable
W'Eress In the vii 'ol and Company
''S00Idation w"rc reflected in fur
recovery OF :hese bonds, the
IS rall>in- :: - rtints and the
'Fer'ihle sizes ih.ec. Donripn
80 rs were "olSpir,iously wra,l.
Y" Pack Utmost tive points To q
NeN low at -.
owcr. C. '''-'' .
lies were S61G.ruO.
stock Msrkr; Gve,,..S.