Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-10-20

NM f0kA nA"ADA
y. nays Dealings in Al
N's Issalss Stocks
81 ~ ie-(By the Asso-
M 9., Another sharp /, rs ss,c
I'LL ~. a. motor shares and a su W,
,Sn b ~ l s,ssnt demand for the
,uspsi nsess-sssi average OF which
IA w S,:hast level since the
tpthk sus oSStstanding characteris-
", w s. ~ confused stock mar.
10 4 so1 -, ssaIes ZEN just short OF
Il gotai .sss compared with p
.FlM s, friday. which Were the
't@ \, = pearly 20 years. ,..u
hrg y ~ ~ movements character
Cslxlll1!ss a,sr In motor shares.
ii re usp'is rre accumulation Of
% ~ snyinr orders in these is
~ sssrsscution Of which ran
~ y y I points. The buying
rics y ..sd itself and bear trad
~ s 'asssd another vicious attack
n han ~ sroup. General Motors
,pirs ~ IL to III IL, Fisher
IL - 81 III TO los. Hudson from
~ w 4 Sludebaker from s. Ia
Il " M from IS liz to
b - .sussscusnt rally wiped out
Nsf \ vsiisr losses, General
ut 9 .I ~ iSt Ia for = net loss
ya3s sssser Body 1t 100 Ia for
~ ~ H 10, Hudson at 80 S-4.
~ W ssudehsksr at 60 Ia. off
4 1870 ct 10 La. of 2.
ii.a 1ryaefs was Independently
yan ssdne nearly ten points
tsl = ~ rs.
ii!ax = ~. Il. thers vas persistent &C
x ,ss,ss q tho rails. New York
tlls s 49, - rpn up 3 points TO
ce.l ~ hisAest price in Is years.
V IN ;,,s 4 Nsshville jumped over
Y ssisss q IL IA. also a new top.
=: ,.si,en. Atlantic Coast Line.
"a AMs 4 Ohio, Jersey Central.
nl9 .ssss. Kansas City southern.
1e! ~ s,slsrred. "Nickel Plate"
y. sg H.yss, Norfolk & Western and
s n .lsvsd net gains OF : 70 >
e 0ss;,s ii these issues was based
D4 ss,ts q high current earnings
q =, ~ .ssssshtiye expectations of high
= y. srsrsl Industrial list develop
.srkd irregularity. American
:. ssred Z l-2 points to 2<S and
- s.s.,,ated Dry Goods. Foundation
,,rssny International Paper, Frank
: 80 ssssttuck. Worthington Pump and
T !; M Aero Club . to I points high
J. ! addition, a few issues such as
s 4, oil Howe Sound, American
ss,sss razor and Tidewater Oil pre-
sr'sS we're pushed up to new high
sdcs fur the year. ,,
NH high Of 500 last week broke 80
NM NM below its pevious close to $50
= iev sales. Cushman's Bakery
'iosuad over I points to 30 Ia and
esrsnl Electric, Adams Express,
lms,ran Express. Commercial Sol
,,,sir 4 and B, Midland Steel Pro-
queir preferred, Pathe, Postum Ce-
ri Pullman and Standard Milling
.Aeusd MT losses Of . points or
nofs.
C,l money renewed at 5 percent
,,d then dropped to 4 III The
nsnsy rates also relaxed. the so 10
n ~ funds being quoted at 4 IL
10 / IA instead of on a nat 4 IA
ru,at basis. Commercial paper
.niei we're unchanged.
Nnkness Of French francs. which
tsis below 40 cents to a new low
kd isf the year. featured the ir-
sgahfiy lower foreign exchange
naltk Demand sterling held firm
1t va "a, but Italian lire. which
sprapd to be "pegged" last week
ssn 100 dropped over S points 10
~ i. cents. The Scandinavian ex-
taanse rates moved within rather
nruw and irregular limits. Brazil
hn exchange sold close to the years
tsh
Trading interest In bonds today
su again oyershadowed by huctua-
tons Ia the stock market. and prices
dttsd rather aimlessly. Despite the
iag buying Of railroad shares, in
satnent rail bonds pursued q down
xud tzsad but activity was revived
u rns Of the semi-speculative Is
suel
Pres changes Of foreign obliga-
laas generally were confined to frac-
tanl limits, but trading In this
rsup vas featured by a heavy de-
niM for French and German bonds.
4 - IN German government 10 70
e W the FIRST time attracted wide
lu1tsa, although the days gain
.aeuusso 70 only . half point. Bank
= nuaa u diAicult to explain the
~ buying Of French issues I'm the
q agitation for q capital levy
El!ce which apparently con-
n!sed 70 the decline In the frame
aMs ysaF's lowest level.
Hleugh the head Of the German
s0ank UPON his arrival here
denied that he had come to
ua1e new loans, reports were
tu{e1t N Wnil atraat th,+ 1t. ,,,.It
~ e Gear W many financial prob