Daily Kennebec journal., 1925-08-07

|EE YORK MARKET
n si the Days Dealings in All
| The Leading Stocks

York. Aug. 6.-(AP)-Price
ksas in today's stock market
HI considerable irregularity.
aotations, as a rule, showing
,scessions. Oils and motors
,zyily sold by professional
sa unfayorable' trade rumors
sth Of the selling in other
d vas inspired by cautionary
znn house advices.
\ vas q fair sized accumula-
overnight buying orders. the
lon Of which lefted nearly a
sues to new peak prices for
y IN the first hour of trading.
a9dity of the advance, parti-
in such issues as Montana
which scared over five points
Encord top at so 3-4, invited
liable realizing( that issue
back to 81 at the close.
chef news development of the
p the reduction in the redis-
zis Of the Bank of England
10 4 IL per cent. This was
" construed here as an tndi-
" improved credit conditions
and vindication of Chan
nurchill's gold policy. Ru-
FEe circulated around the
= district this afternoon that
N York federal reserve bank
ieduce its rate to curb reck-
aHlation In the stock market
zfate was unchanged at 3 IL
larey again developed In sew
lgh priced issues. General
signal, which is reported to
axNed large orders for auto
nam control devices, scared
points to a record high at
. against a price of IA
: was listed on the "big
lfew months ago. Havana
Jumped nearly ten points to
pesk at 1856 3-4. closing about
Nlnis below the top. Mack
Westinghouse Air Brake,
railway and Power and
Steel Products preferred
mo IL points higher. Coca
y run up over 4 points to q
v d>l46 and International
y points to 1877.
sans took place in a num-
nF priced issues. Dawson
4 Jumped 5 points to AZ 3-4
y = reacted l on profit taking
!. Y gains of 2 to 3 1-2 points
1ofced by American and
lowerp Beechnut, Fleisch-
~ alArnational Paper and New
s4lpOmlding. Frank G. Shat
'aped . points to a new top
s, selling as low as SO rs
= pased ON reports of a con-
~ ol the Schrafft's and Huy-
:, aores and restaurants.
Weakness developed in the
\ : On reports of another in
: srude oil production last
Maependent Oil and Gas
M MY 4 points to % "a and
asu 70 u and Atlantic Re-
eolorado Fuel, General
=. .alo-Continent Petroleum
Nv ~. vi dropped / to 2 points.
AMah B received better
si0slng l 3-S higher. at
y slSnals sold the motors
=. .ae theory that tho recent
l. . Prices and the expected
n. u y = export demand, due to
w. snipment of cars to Eng
\ - .ne new tariff went into
,.,ly suly !. would seriously af-
Eng ses on the last half Of the
t,sss,,uverland, |, =, White Motors,
nayes Wheel, Jordan and
.oW all showed dec1fnes of
POINTS. " os
y s,d lndustrials showed only
s.. j. Changes on the day. U. s.
aon ssa closed IL lower at
a.. s selling a point above
No. american Can touched
lu TOP at PIT 3-4 and then
a. !" 10 where it was up 3-4
d n =, Baldwin closed slightly
N Swed S moderate strength in
|sios osseanngs, but failed to hold
als Atlantic Coast Line,
pre,s Nashville and Nickel
ksvio,..le all broke through
nor.a vua high prices.
ny ny held steady at 4 Ia
ssr ~. e money and CONNER :
uat,n.s were unchanged.
lcbsras IN the principal for
Dsrs We're narrow and ir-
rul.s sterling and French
sns slightly lower at
kllh s4-70 cents respective
y soner dropped about ten
&QRpd 1912 Cents Rel.