Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-06-04
n YORK MARKET
~ Days Dealings in All
- " Isadins Stocks

4 vork. June s5.-tAF)no.of
o. whirled upward in to-
y els -. and the general
hocx mara. 80 a.
x.,nrtd IN tneir "aN
.h.re were several weak
BE- We .a throughout the list.
g Icats -, - nrofessional
Az NJ lsrseiy y
,,a@ith the days safes running
nd one quarter million
i ,,.. srs,n nroved
m MAXWELL ISSUES a ~
.,,otethnics Of the session. Inc
GO run up to a record high
. 1 1910 - ITO and then
f TX eavA nrcbang-
ito ~ wnere = ma' 1 ,o
IL day. The q certlncates'
Am l26 to 115 and then
~ ia az ga. The A stock
i y s ~ veak at III IL, clos
ny MI 4 nm below that figure for a
W. 8 II points.
,st,on in Hudson Motors
sassh impetus from the cir
~ u reports that a stock
le1 = under contemplation,
lna ssuehing a new maximum
~ s and then yielding a point
S1-4 The three Pierce
~ = Moon Motors, Nash,
salu ,Ss;r PREVIOUS 1925 highs.
s s',,.s sentiment was created by
S w .ssinr Of call money rates,
an s. of anew 1925
eu s.sht traffic record for the
'' ssS Nav %, extension of
sAu ~r;ee advances and several
saas .;',;dend distributions. st.
~ i.' ~ responded favorably to
n svss of the reorgani-
III The common closed
s.. ain higher at 8. after hav-
1oual lave 10. and public -utili-
W. rSesented several points of
~ x nth International Tele-
I; " r,, s Railway, and Power
y. .;ss Gas and Electric, all
s. ss M new high ground. Local
" utilities s also moved higher
u 4 leadership of Consolidated
s. " was run up over 8 points
u w. anal traction of the years
Y s'''s
au ~ accumulation of Interna-
lj II rsar,bnstion Engineering. ap-
..,s essed On reports of expand
wv s.,.sss ana earnings, sent that
es ss.asgh Al to the highest price
4 y ~ listed more than three
" Other specialties for
I ~ ,Ssyp IA a good demand in
i. Il ~ roca cola. Great Western
eoomon and preferred, Du-
~ International Cement, all
ssss attained new highs.
's.,;can Express broke 5 IL
i: = III 10 and heaviness also
's,a III IL Abitibi Power. Cuba
surar marlborough Rapid
.jt iuteraasional Paper, Mon
povey n. Louis, southwestern
q sauthern Railway, all off from
IA 4 naInts
n money renewed at 4 per cent
s,ssn dropped to 3 ga as funds
smr more plentiful. 1t was re-
vi fhat loans were obtainable
- 4 & II per cent in the out
narkef !" Time money and COM
m naper rates were unchanged
4 busiuess Ii moderate volume.
ure srainst, the foreign ex-
@ Vac penewed at the opening
6isys market but practically all
lnseS ere recovered later. De-
,m stsrlInc ruled fairly steady
Isyuua Ass SIS and French francs
\ yuoted Just under five cents.
kn xzchanee held firm in further
s5on II the s50000,000 Morgan
MI d Italian banks.
had upward movement in the
d market, embracing foreign,
d States government, railroad
variety Of corporation issues,
Utilized prices to the highest level
sssral years. Several develop
u including, announcement of
n Paul REORGANIZATION plan gave
s announcement to speculative
rtms was stimulated by indica-
ii nsing money rates.
II The most favorable aspects
II ST Paul reorganization was
gsde With which bankers draft
MI tot everhauling the financial
4nre of the road. involving the
ME- o. almost one half billion
\ II securities. The roads gen.
npftgage bonds and the guaran-
knds Il the Chicago Terre
y and Southeastern Railway,
,ulck = respond to the an
IA il the the r saes wpuen or rai n