Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-10-22
mn YORK MARKET
4, 4. DAYS Dealings in All
fs,su''s e. & Leading Stocks

NEW iV
:. =. DAYS Dealings in All
f.,ss'''t & u leading Stocks
M. oct 21.-(By The AS
I'M i 0ssss 1-speculation for the
COATED r nod momentum as trad
sd,sncs ss'. in today's stock mar
H broeos.sss rail and industrial ~.
n Attaining new ~.r lust about
~ s TOTAL sales !, ,s,,, ISr shares. be-
10 snd go. vs this year only BY the
M uceeasss of Friday and Monday.
sid slafSs sssntinent was created by
Hllisn ~ factors. including the
.lyanetl " y additional favorable
gss ,soad and oil o oa11 money rates
altseussssn ing Of steel ana non, non,
I'd ss.ssal prices. Increased
issess .rticIpation was noted
pubic paA !. = The oils was given I'M
ss hs .rumors OF increasea d d,.n,,
II rrs " Z "A Mst weeks sharp crop
iuds an nuroduction. Marland cross
Il mesde srother new 1928 peak
~ g rst gains 80 points or
9ire ana ~, recorded by Associated
more weIs Independent Oil and
~ Msracaibo, the S! rTd OH of
g.. Phi philips and Standard o'
california. ,.,arrunted but fail
Preh ~ ~ ADVANCE in the railroad
u 2 ri baltimore and ONO N s;, Wh,ea
shsIsas.c,ed to go on a 80 di'ldenu
Is s1ps sasars the end of the. year,
iasls pe e to a new high. and New
rosseac s = which is said to be
Iork .s ,n.inr raising the rail rate
onte1s1p " ~ IS. reached a new top at
iIcn y. southern Railway Erie
y .. = Pere Marquette ana West
CONNECT pacific also bettered their pre-
en- e. 1855 lss5 high prices.
''e'S ~ demand again developed
! : .a u@s Utah Copper sold above
~ .sn w share for the first time since
~. Cerro De Pasco was run up
~ fo,,r points to a new year
ma rs g "A. and American Smelt-
hp :. .rcsd over three points to
mrs .r,oor Packing is
again assumed enormous pro-
" s.,ors Armour B, the first SAFE
pIlv s,.h was block of 1000
va Il "a s-s, later advanced to
snies av ,ony In speculative eX-
'...,;cn Of an early inauguration
( dividends at the rate OF . an
alra Rubber common crossed so
Z. =. ~ peak for an extreme gam
.rs than 4 points. Among the
~ tro score issues to reach new
- "a sro,,nd for the year were
~ smsrican Tobacco A and B, Amerl-
e en- safety Razor, Columbia Gas
"a Electric, Continental Insurance.
s ~ Bakery, International
p us Machines, New York Can
- PAIGE Detroit, Texas Gulf Sui
I'm IN, Union Bag and Paper. United
~ Realty, and Yellow Truck pre-
fsred. S. S .Kresge jumped el
roints on few sales.
r,Il money renewed at 4 IL per-
a. and then dropped to 4. Time
mcuey continued to rule firm with
~ to s percent the prevailing
M Commercial paper rates were
unchanged.
Confused movements took place
n he foreign exchange market. De-
rand sterling climbed above s4.S4
jepite additional gold shipment
inm England to the United States
mt several Of the continental rails
1es heavy. French franc lowered
uund sal cents, or Just above the
yufs low, and Italian Lire again
snk below 400 cents. Danish kron-
sfbtokd over 10 points to- 24.50 cents
M Norwegian Iron dropped about
: points to around POPS cents.
III bond market gained strength
Is broadening activity pointed to a
EAdy expansion of investment de-
nand and constructive operations
we're resumed in several important
groups.
Nowhere was the revival Of buy
Inc activity more effective than in
ths foreign dividend. Analysis of
The provisions of the Locarno treaties
gave investment 1circles appreciation
sf the lasting benefits likely to ac-
ews 10 European nations-particu-
hzly Germany, Poland and Czechos-
hsIha-and this favorable outlook
hmd oppression in accumulation of
tAes countries bonds.
New high records were established
BY The German Is, the rentenbank rs
and the City of Berlin lbs. all OF
which changed hands in large vol
uns The governments bonds reach
q new peak at 1o2 SIS but closed
nationally below this level, and
,heir strength carried the other lead
mg German issues into new high
territory. Indications that a new
apaal policy regarding German in
austries would be advocated here
sas an important factor here in slim
unting demand.
Prospects Of new loans also con-
'noated to the strength of Polish and
.lehoslokakian obligations. The
",nE-aWaited 3oan for CZecho- Sloya-
"a was said to have been placed be-
~ the state department for ap-
" with indications that between
ilaeVA0o0 and s25,000,000 of the
'ynds would be offered next week.
Milroad and oil company lens
.as me principal points of activity
y 'ne domestic list. Skelly s LIS
N me movement in petroleum bonds
" ualak puylng of the rails embraced
a'asouri Pacific, Norfolk and Wes-
~ northern Pacific, Erie. Seaboard