Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-05-01
Financial
NEW YORK MARKET
fSolupeo Of The Days osaiings, IN All
tie Leading Stocks

KeW York, Apr. 30-Price move
noSis Ii today's stock market con-
tnnod to lack uniformity. selling Of
t. steels, equipments and sugars
~ conducted simultaneously with
toI)IG operations in the motors.
mix utilities, rails and specialties.
~ volume Of trading ran above one
ntIIiun shares, but the leading COM
ni1Isn houses reported that the OPP
eafi5os 81 professional traders COM
( r(1D6 The bulk Of the days business.
IfSdo news was rather pessimistic
h4character. It included another
Sh1fp Increase in crude oil produce
t. for the week ended April Is.
l1llker easing In raw sugar prices,
~ year, and the omission of the
old. due 1T this time on Hazel
Il n9pixts that steel mill operations
NeEe noN down to about rs percent
uk c5racity and that another large
dlefoiso II, untitled orders would be
6k(Nn " the United States Steel
crW6tion In Its tonnage corpora
-. <0ulf States Steel dropped
1olgts to rs IL, and within a small
42efqN of the years low; Republic
~ touched q new low at ~ and
~ nl1ied to ~ 3-4, of IA and
y ~ independents yielded fraction
An U 9. Steel common sagged to
half q point Of the years
1l2 s7-8 and then rallied a
9< moving small fractional
~ the day.
lshdEawal Of syndicate support
"a new Dodge Brothers pre-
caused break Of 2 1-2 points
- a ~ IN that stock. Maxwell Mo-
was run up to So 7-8 at the
\ b. - OF . short interest and then
10 IS Ia. where 1t was up
on the day. Maxwell b GER
ales jumped 5 IL points to Q
- nigh at Us "a but the A stock
sSsd net loss OF one points at
General Motors six per-
eebentures jumped points to
~ on q few sales. Studebaker
1ound on profit taking, the re-
!At tor' the first quarter, issued to-
moving net earnings of $1.S4 a
25 N the first quarter as COM
49, With $l.S0 In the corresponding
y2fter Of kst year.
mer liquidation Of the sugar
!. resulted in the esta blishment
IN 1875 lows by Cuban-Ameri-
- sugar and Cuba Cane preferred.
1o1g the many standard fndustrs-
IS q snow net losses of to 3 IL
we're American Locomotive,
I sssxan Agricultural Chemical
~ "a. American Chicle, Bald
81 lawson Chemical. Independent
~, nq Gas, Jordan Motors, Pierce
~ v1 common and preferred, Tim
q sQler Bearing, Universal Pipe,
I '.ss ngnouse Air Brake and Worth
saa fump. U. s. Cast Iron Pipe
~ ~ points to 142 and then rail-
u, eloyant tone developed in sew
81 pupiic utilities, Utah securities
1921 more than 10 points to a
% Ilen at 102 and Electric oow-
- ~ Light certificates touched q
49, g 20 American Water
sfnfcsS S0nmon ana six percent pre-.
iSr<,ssna Federal Light and Trac.
HS.ss. attained new peak prices.
n va Duying Of Glidden, apparently
" patton OF the stock being
3 4. ~ ~ On = 81 annual dividend basis,
49, IN an advance OF one point
NV top at q Ia.
~ asnern Railway advanced more
! u u points to a record high for
W. at 80 1-2. Good buying also
MI efed In New York Central, At
So,,s Coast Line, Colorado ana
y" Gulf. Mobile and North
~ Katy" common and preferred
~ of1olk and Southern, the last
I ~ jumping nearly fiye points to
T.:srd high at 30 IA.
- money renewed at four per-
sna then advanced to 1-2 on
GA stnarawal of funds in anticipa-
~ q month-end requirements.
sS-s money rates also stiffened
Es the shorter maturities be-
voted at 3 IA percent and the
r dates at 4.
= ign exchange rates were mix
n remand sterling ruled about
put French francs were slight