Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-10-09

]. ~ pays pea!inss IN ="
|fss 3 3. ~ nsssdise stocks

~ &. 3 = Isssdiss stocks
-. oct. s--(AP)-Heavy
!s 3 I. stssl common. which
s ef Y. q. 2 ! points to Z new
% tns 81 M course of prices
urneo q towards the close OF
u upv ss market after an early
d stoes s,,nrity. The rally en-
d il a',.a,, nj Of stocks except the
~ s r;'sd 10 respond to an
sssisarp decrease IN cru0s -
%. \, call money rates, re-
ax.ii0nr s Y, Of funds sent into
b Ys = INT \ connection with Oct.
ntsrior. , y was a primary
lsbu, ~ buying movement: the ne
y -. iuv Idisregarded a break OF
malss' - cotton prices which
4 me ne surprisingly nish gov
~ q. s no estimate. s..a.,d
ens uv .hares Sloss-Shemeid
2. y s's extreme gain Of over asa SIX
sis l-2, . new n'g . : r ro;nt.
uI' sss nd clos closed within a point
~ ~. md bethlehem. Crucible.
s. .Sp, A Republic, United Alloy
Stales.. a nm Sheet & Tube NOV
isu y nearly 4 points. -,
e . ar took, on q new lease
TOR s IS ~ leadership Of Chrys-
s VA. closed I six points higher
xnlen ssssr having touched 1913
- ,i s Trucks gained about
", - 4 20 10 "a and then fell back
n's q 81 an profit taking and
w roint or two also We're re-
q Z. sstndebaker. Motor Wheel,
~ = Hudson. Hupp. Eaton Axle
m r1s,i Roller Bearing:
~. ,,A ,sils. Union Pacific, Rock
ne n. sa, & Rio Grande West.
9, p .srss missouri Pacific pre-
pse, rs.,sco common. Texas Pacif-
q 81 ma. Mobile ana Northern pre-
~ "A Ssabcard Air Line pre-
! x. 1900 j to . points higher.
...s ss buying OF the tobacco
Nv, 20 one Of the late features.
y 80 cisar stores scared s points
% 49,, Snmatra Tobacco
"a s 4 IS to Is ,s-4 and American
~ : consolidated Cigar, Liggett
49, 49, 4 and Phillip Morris NOV
nj 10 !. IL points.
r. outstanding strong spots In
= ii rlsirchmann, National Dairy
80 Pullman, Adams Express,
Is lsss, Brake shoe. American Ex-
American Smelling preferred,
M nreferred, Gold Dust. Nc
Is stares 5, r. H. Macy, U. 8.
iron Pine, Universal Pipe pre-
4 and Westinghouse Air Brake,
Is about s to s points. s. 8.
y scored another sensational
n Il points to $50, q record
an ! feW sales, subsequently
,rr 10 GA. There were a few
spots New York Shipbuilding
|tinr / points on profit taking and
| MS, sugar, Ward Baking B.
ornia Packing and a few others
I;,c 1 n 21-2 points.
m money renewed at 4 "a per-
and Than dropped to 1 IL. Time
AZ and commercial paper rates
sunchansed. The foreign ex-
"a Y1arket was firm. Demand
inr heM steady around $4.S3 and
4 ana French francs around 1853
Tie Brazilian, Argentine and
r,,ayan rates all mounted to new
levels Tor the year. Norwegian
a rallied about 20 points to
nj Az and Danish kroner ruled
! ID points higher in the neigh
hood Of 34.2oc.
orIpsr tone was in evidence In
bond market with many railroad
3 scoring moderate recoveries.
neth 81 the St Paul railway OBJ
lions, most Of which extended
erday's substantial gains, was
a on expectations that the ORR
Il reorganization plan would be
bred operative. which were real
late In the day when an an
bcement to this effect was made by
Reorganization managers.
he demand for other railroad
: was limited mainly to those OF
seni-speculatiye class. Florida,
|tern and Northern rs at one
were pushed up 7 points and
n points net higher. Other ac-
Issues were Erie General and
ertible ~, Pennsylvania SIS.
DO Income and Adjustment SIS
Denver q Rio Grande Western
Pan-American, Skelly and other
ertible liens were the outstand-
strong spot Of the Industrial
feign bonds were accumulated on
narmed reports that many new
} for European and South Amer
countries were impending. Al
81 activa negotiatins have mt
peen undertaken, 1t Is considered
pm that considerable government
end Industrial financing will de-
= With the next month or two
Belgium. Germany and Czecho-
ekia.
LEA were 9fN fea onn