Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-04-15
NAV YORK MARKET
-. .f the Days Dealings in All
fsa'a' ~ Leading Stocks

YORK. April 14.--Stock prices
NJ inward today under the
ss1e, ~ the rail and motor
saas.'''TT hs demand for stocks vas
49, .r than At any time since the
res.,ion Of pool operations.
Hl ~ :sro facilitated by relatively
- money rates.
~ - based on reports Of pro-
Tsop = the consolidation Of some
- = southwestern carriers. The
4 us changes in the directorates
scsn. at those roads has been
y - eonstrued a. . preliminary
y. Il this connection. Missouri
n common and pEcferrsd,
~: cannon and preferred. Kan
~, southern and CHICAGO ana
q =. Cannon and preferred were
~ 1.2 to 2 IL points.
- Arbor preferred continued to
~ ia "a rumors Of early dividend
= climbing more than 3 points
~ - 1925 high at "a 3-4. Near:
= .core other rails showed net
a : point or more, the list In
q" Atlantic Coast Line, Omaha
.,.nrre1, Lackawanna. Great
e.sSs,n preferred, Lehigh Valley
s.sssrn Pacific. Texas ant Pacific
linton Pacific. Chi % and
s.hrsatern common was ham,
~ Sovn to ~ 1-2. the lowest
~ dnce 1923. and then rallied to
49, Il vas up l IL on the day.
=. rsa1erfed touched . new low
:. = III "a and then rallied . point
:, mall fractional net gain.
= ~ automotive issues gave an
.,ssr impressive demonstration Of
$500. Mack Truck standing out
- 4 rajn Of more than 7 points 1T
IG maxwell "B" scared more
- Gys points to a new top at j..
IA WHY'S Overland preferred es-
,.hil,Aed 1 new peak at %. Jordan,
nm. Pierce Arrow preferred Ste
srt.jgarnsr. etromberg Carburetor.
psarh Magnetic. and Nash closed l
3 s Delnts higher.
naa6y accumulation Of United
ssiao Steel common. which touch.
n NV high on the current move
- & III and then eased At ZIG.
~ 10 ! IS, stimulated the buying
Il MT industrials. American Can
.dyaneed 8 3-S for ia and General
FIaearie. Du Pont, international Pa
-, TArss Gulf SULPHUR. United
S1iel Cast Iron Pipe. American
Aefieujtural Chemical, American
Nste Shoe. NEUTRALITY-SUSPICIOUS.
itsnaii he Commercial Solvent H.
- Cwamel Fruit, Gold Dust.
1Sn Wilss Biscuit, Republic steel,
U1jlsa Cigar. Utah Securities and
Wellington Pump all showed gains
I'll 10 Z points.
M Oh shares failed to participate
IN ths advance, being held in check
III reborts Of increased production
isd runsss Of further cuts in crude
EietA
en- msnsy held steady at 8 Ia
Dereeal oil day. Time FUNDS were
nom Dlentiful with a few loans ar.
nsipl 1t 8 81 percent for the
Aoltee mAturities. Prime CONNER
eal papsr also eased somewhat, be-
hg Quoted at 3 "a to 4 percent In.
mi ef on Z dat 4 percent basis.
HAsiness Of French francs,
MN dropped about four points %
k3 ~ cents on the failure Of Hsi.
- y form . new French ministry,
,Mat1e feature Of the Irregular for.
dgh exchange market. Demand
teriins held firm around 34.76. Nor,
vogllh kroner touched q new high
4 le0 cents, while Japan yen re-
.eordel { new top at AZ cents.
- revival OF Investment buying
Gmtlased trading In today's bond
1affes and lifted prices moderately
hsAek The change In sentiment
MIA eontrastsd sharply with YES
tsrdAy's tagging interest. Wa prob.
ahH hAbed on Indications Of easier
crelk conditions. It was reflected
u the Establishment Of several 1927
Aish records in the Liberty bond
ht the recovery Of French obliga-
tionb end active bidding for the high
raae railroad liens.
IN plentiful supply Of time funds
which were available IS low ~ 3 81
nteent contributed to the strength
q Ultted States government issues
Three vt the Liberty bonds. the Arst,
ecead and fourth 4 1-ls, scaled new
peak prices for the year.
Despite the delay In settling the
hsnch ministerial crisis, selling
Ee.ure against French bonds re.
ased today and most Of them scored
aeu net gains. Announcement was
.aee nat a five percent redeemable
ational loan Of 1920 had been call
ss payment on May /.
Aanoush railroad bonds made nc
sselar gains, prices were held
~ y . steady flow Of buying or.
n Indications Of progress In
souatins new southwestern
1sF were reflected in active bid.
NY iof the bonds Of these carriers
rrIao'ns the Chicago and Alton
na o and Katy" systems. Gains
SsI rom ! to 2 IL points.
,.a:mlcal Company bonds moved
c.s .o 70 response to reports Of in.
s;.,. fertilizer sales. both Vir.
sr,...sfolina, and American Agrf.
r." alA Chemical issues showing ad.
'@ ~, o. to 2 points.
@s were $12.318.OOO.
''sek market averages:
~ ~ Ynda IN R1AA