Daily Kennebec journal., 1925-05-29
NrW YORK MARKET
-. Il tho Days Dealings in All
Fay she Leading Stocks

york. Hay 28--(AP)-Stock
49, ,.cved up briskly today with
rlcss ~ Implying much of the buy
1no~ ssv.r The approach of the hol-
rs p,.sd some profit taking. but
Wy O ~ well absorbed In most
49, The days sales again totaled
~ ono and one haf million
Z. -,,,ntion Of dividends by the
49, tson Copper Company, an
nspnsssrfs of additional gasoline
rcan sSvnnces and higher leads
- the principal news oeVeiop-
| nsnts Of the DAY.
hrisk demand was noted TOT
4 4 ropular industrials as Ameri-
Rcn ~ s baldwin, Dupont and May
g S ss,nsnt Stores, all Of which
spd ~ ! 20 3 points higher. U. s..
spss' cannon. selling ex-dividend,
s rTs opened at III Ia but snpred
~ ~ Iater to 116 for a net loss OF
MIA on the day.
r,,Ie were irregular and feature
~ .xcent for the renewed accumu-
49, s Il Reading, which touched a
nsl0h h,sh record at 81 and then eased
=" e. "a where it was up l IL
~. y on the day, and the heaviness
st Z he st. Paul issues In selling IN
a,,sd M by reports that the assess
s,ss [ an the stocks under the re-
nsaar,yation nsn, plan would be larger
.ssr wan street had anticipated.
l1% rs,sf speculative interest in the
~ s group again centered in the
wssss.lI s0 Motor issues, all OF which
ss,rsd new peak prices. Consid-
A.sIs confusion arose in the early
s;rx aaS AZ a result Of reports that
rsdine r in the "B" stock had been
.psrended, traders short OF that is
g r,,shing to cover through the
.r.hase Of "B" certificates, whoch
s.rs run IN ten points to to 1l3 IL
"A then fell back TO LOG 1-2 for a
- - eain Of 2 IL points on the day.
II. aBn stock, the initial sale of
ssscb N. fook place around noon, OPEN
i 4 io9. dropped to 105 Ia ana
.ihsn advanced to lot IL.
Heavy buying took place in motor
secessory issues. American Bosch
\ Nssneto was bid up 8 5-S points to
S's-9 and then slipped back half a
| wint from the top. Fisher Body
Emned / points to new high at 73
~ stewart Warner closed l 3-S
Hrher at 70 as. Mack Trucks
mched q new peak ct 1S5 5-8 but
rscted to 1872 7-S for net loss OF
tl5-S on the day. Paige-Detroit got
Y .hto new high ground at 23.
Heavy buying of the local traction
.kues featured the public utility
= rro,jp BROOKLYN Manhattan Transit
Sosing more than points higher at
/ 4 Ia and Interborough Rapid Tran
I III showing net gain of 3 5-8 at
Havana Electric scared IL
.soints to new peak at 147. Other
,jeues Ii that group to reach new
,lgh ground were American Tele-
ghone, International Telephone and
Pacific Gas and Electric.
Good buying also developed in the
tebacco group, American Tobacco
81" American Sumatra Tobacco pre-
tered. Consolidated Cigar and Phil
p Norris all establishing new 1925
1.fkh quotations. Other issues to top
deir PREVIOUS years maximum fig
kres Nere Kelly Springfield s and 8
percent preferred, Robert Refs COM
/ non and nrst preferred, Woolworth,
/ american Shoe. International Chemi-
.sl Consolidated Products and Frank
| ,G Shaatuck7-s
caA money held steady at per-
eent Time money and commercial
/ sNpe rates were unchanged.
Foreign exchange trading was in
] anan volume with rates. holding rel
satisely steady. Demand sterling
sned around $4.S5 7-8 and French
\ lancs were quoted just above five
nntsa Bond prices developed a
sleadkf tone. although uneven price
inrements still held sway. The