Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-09-01
NEW YORK MARKET
q she Days Dealings In All
fNsv ne Leading Stocks

NE york. Aug. 31.-(AP)-Al-
NeM reriods Of weakness and
trna.sss srain characterized today's
ffensss rfet with ne losses exceed
fock ssins at the close. Despite
ins y -th of bearish sentiment re-
ths po, commission house advices
tsu ~ activities Of professional
tl - bullish operations were sue
teds.,n,. conducted in wide variety
c1au,y nearly q score of which
d mad to new peak prices for
lie year. ,,.,re,s news continued
S,s, some disappointment was
iasO.ssd at the apparent hesitancy
s! a.,srs in placing future orders In
Of pus,, lines of business. This was
sssssI,n.d in part. by the efficiency
sdplAno # the large railroads in
o. TO- nrompt deliveries. despite
nadnss rpssking freight traffic. The
rseo s0rsiou Of anthracite mining at
susp Ns.nt tonight also had a res
I las',Ios influence on bullish enthus-
Iasn. 49,. news was largely con-
ln s,vs h character. 1t included
- sumption Of DIVIDENDS on the
y ..scn stock Of the International
ceIm,r Company, reports of an In
Mcss ,nnuiry. for railroad equip
ci "a 4 moderate decline in Cali
mem ~ crude oil output last week.
lolM. of the directors of the
ss ,.uis Corporation to take divi-
~ action on the common stock
osu s.hlv ACCOUNTED for the break OF
es : ro,nts to 139, part of which
,.tsr recovered. The company
~ ssd that August shipments
~ "a. cunning fifty per cent ahead of
T ~, and that orders on hand rep
~ ss.s,t aixty days business at the cur
rste Of production. A sudden
~ s.,,sl 81 strength in Pierce Arrow
. .s.sr;t,ss sent all three issues to new
~ ,1vels for the year, the prior
asssss,red jumping nearly ~ points
= IA ne and the others improving
s,.ctionalIy. Foundation Company
LED n shout six points to a new high
ssss,S Il 40 on reports of a SUBJ
ssrt,sI increase in foreign and do
mestic business.
Nv peak prices also were attain
I'M Brown Shoe common and pre-
ssrtsd s. s. Kresge. National Dairy
pssSuets Reid Ice Cream, Certain
"a nrcducts second. preferred. In
ssrrstional Business Machines
ptrlin Morris and General Railway
e,srsi he last named touching 1866
!, roere than 200 points above the
ysars low established a few months
~. Howe Sound duplicated the
yssrs high.
NIdland steel Products preferred
md 0tis Steel preferred broke five
"a four points, respectively. in re-
aectIon Of opposition of Trumbull
sea- aockholders to the terms for
IA vroposed merger of the three
companies. United Railway invest
msnt rreferred broke 6 Ia points
IA Xhited States Steel common,
Nack Truck, General Electric, White
Notcs American Water Works
Hu01on M0t0fS, MdftiH Z AIRY moH-
tara Power, National Biscuit, Unit
ID Char and WHY'S Overland were
smcns tho many issues to fall back
: Point or more. Submarine Boat
agysd to 4 new low for the year at
L
Except for the establishment of a
new Algh record by Gulf Mobile and
Northern preferred there was little
speculative interest In the rail group.
Cal money renewed at 4 Ia per
cent and then advanced to 4 IL
tloSng It the top. Time money and
commercial paper rates were un.
changed.
Establishment ofanew high rec
ords for the year by Danish and
Norwegian kroner at 24.95 and 20.82
Cents respectively. Featured the ir-
regular foreign exchange market
olhf European rates moved within
narrow limits, demaLd sterling yield.
hs is Of q cen. to $4.S5 1-S and
rnnch francs holding steady around
40 cents.
ne bond market today was unable