Daily Kennebec journal., 1925-05-28
NEW YORK MARKET
~. = the Days Dealings in All
1'sp1 = she Leading Stocks

~~~-~-s>-->--
49,. York. May 27.-(AP)-
NV M activity of the motor
lren dozen of which broke
bnn II new high levels for the
brousn 80 The outstanding feature of
~ - w M. .-...rly higher stock mar
pH Ths II days sales again totalled
one and one half million
E Er+s Of record breaking pro-
~ and largely increased earn
y nroyided the groundwork In the
sce in the automobile stocks,
s a.s vas led by the Maxwell is
l marwell Motors B, which was
81 Mssd 10 harbor large short in
49, mas run up nearly 8 points
} ! n record top at 106 and then slip
hock about a point from the
The B certificates closed 3 IL
9n higher at 103 S-4 and the
49, eiI 4 and the A certificates ad-
..s'o 1-2 points respectively. The
n .ssrt has sold as low as 81 Ia
" p5.s;val of a demand for Mack
sent that issue up over A
s I'sss "a q new peak at 1S4 rs.
E sutomotiye issues to top their
[ usso,,s high prices were Pierce
$3.50 49, cannon, preferred and prior
u,erred. Studebaker, Hudson,
| s.lss.Detroft and Eaton Axle, buy
En- sf ne last named being stimulat-
! resumption of dividends on
I Il common stock.
~ %pshlic Utilities also took on a new
- 4 life. International Telephone
,..sIne that group by climbing near
Z s'S ~ boints to a record top at lO2
l ruhl,cation of the annual report
s.ripg earnings of SSH a share
M CANNON stock last year, as
..nnsred with $40 in 1923. Ameri-
u water Works moved up to a
- top af "a IL and then eased a
INT On profit taking. -
M establishment Of a new 1875
,,nrd IN car loadings for the week
.sisd NAY 16 stimulated the demand
!, ia railroad shares with the best
ssslss-being recorded by the coalers.
pssInr climbed 2 1-2 points to a
- "a at 85 3-S and net gains of a
.slnt or more were recorded by
nuimofe and Ohio. Chesapeake
IA. Ohio, Delaware and Hudson,
i.ckawanna and Missouri Pacific
} referred.
l1ils showed moderate strength
Hi continuation of heavy buying
4 independent Oil and Gas. which
dosed i point higher at 81 IA. Most
l 4 he other oils improved fraction
\ llly. -
Tolerate Improvement also was
Aoxn By Standard industrials.
J american Can closed more than a
peint higher at .180 3-S and Baldwin
!. ia United States Steel showed
, hactional gains at ia 7-S and 11S
respectively. Several specialties
we're under accumulation, new 1926
iIghs bslng established by Allied
! Chemical AhunnAdA Lead, Interna-
tIunal cement, Consolidated Cigar,
\ Simmons Company, F. G.. Shattuck,
l R6b5t Rels and Goodyear preferred.
Heaviness cropped out in United
\ stai@ Industrial Alcohol. American
| Agricultural Chemical preferred.
General Baking, International Busi-
\ ne1 Machines, May Department
l Storss. National Distillers and Rey-
nolds Tobacco B. Marine preferred,
7 broke to : new low for the year at
49,
call money again held steady at
percent. Time money and CONNER
cal paper rates were unchanged
| yith business quiet.
I Foreign exchange rates were irreg-
uhr Demand sterling held fairly
sleadys Just under $4.S6. but French
4 nanc broke below SC to new low
X neOrd1or the year. Reports persist
/ y that the French government was
planning to peg" francs at 100 to
/ be dollar.
Conflicting price movements con-
anued 70 characterize teday's uneven
end market, although trading was
MARKED by IAN sundercurrent Of
Mengths Quiet accumulation of high
/ mde Investment bonds held up the
menl average of prices, but semi
Eecalatlve issues continued to sag
Moer the weight of realizing sales
The interest of investment circles
- centered chiefly in the annuonce-
asnt that spirited competition for a
eavvV,veV Norwegian loan had re-