Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-10-29
nm YORK MARKET
!, .he Days Dealings in All
rslfss ~. y Leading Stocks

hrs' e. 4 X Leading Stocks
oct. 2s.--(By The AS
xsF ieismssl-Fortified by a series
alsaarructive dividend develop
ons snnsculators for the advance
Us smsd control of the price
~ 49,, IN today's stock market
wusp. :sf,lly combating a large
q suetssn rofit taking and bear
nne q brought about a tenn
Wy interval of heaviness during
Var ling n; Total sales exceeded
po.H S shares for the thirteenth
W ~ full session, with eX-
nsrtioipation denoted by
ods srtial Increase in 100 share
xay,s dividend developments
w an extra dividend of 81 a
taa'S American, Tobacco stocks,
w y increase in the regular an
= 10 from 81 to IS; resump-
sSividend payments on Barns
y md r. an extra on American
MITE and increased rate ON
ls,.tor and American Stores.
favorable developments in
"a reports of expanding steel
.'.s;ons and record breaking
',a sore. sales.
MARS were again the sensation
M market. Chrysler, which
3 i low as 108 IA earlier in the
VAS pushed up IL IL points
A nav high record at % 1-2.'
,.s,sl Motors, which earned over
4 share ON the common stock in
4. third quarter, climbed over )
I'M to a new high record at
ST.S Mack Trucks closed nearly
miuts higher at DIT II.
msher Body, Indian Motorcycle,
.rdan. Nash, Packard, Paige. De-
n and Mullins Body showed net
IN q about to ) points.
culf States Steel was run up over
roIpts to 93 81, closing a point
I'm the top. but the other men,
N of that group lost ground on
vodt taking. u. S. Steel common
ssed fractionally lower at Us 3-S.
spectacular advances again took
me- in number of the so-called
I'M mems stocks" General Elec-
n SCARED is points to 31S 1-2, clos
n within point of the top; Wool
NTH Jumped nearly 10 points to a
M high record at 213 81: General
hlvay Signal and United Drug
Imbed over eight points each to
M tops at 3S5 and 49, respectively;
american Bank Note moved UP 10
hints to 125 on few sales and
SeCpry Stores. Otis Elevator and
United States Realty all moved up
points or more. Foundation Com
pny vas bid up over 3 points to a
bew high record at 165 Ia.
Sharp gains also were recorded by
nme Of the lower priced issues.
Federal Mining and Smelling COM
mon and preferred, Reid Ice Cream
$nd Standard milling each advanced
about five points and American Type
;founders, Brooklyn Union Gas, Case
1hreshing Machine preferred, Fair
oGnks-Morse. Ginter COMPANY
lthlou Sheffield and Union Bag and
Paper closed at net gains of about 8
points Or more.
Kals we're again rather quiet. al
though BANGOR and Aroostook stock
moved up one point to another new
msh record at %. Pittsburgh and
lMex Virginia fell back over 2 points
uu money renewed at 4 Sd per-
eM md again advanced to 3. with
Eintsrhr banks reported to be with
Esnxng funds in anticipation of
monn-end settlements. Time money
,ala nltened slightly, some of the
DasT oates being availa Bile at 4 10
Mla ~ the ruling rate for shorter
nsleftles. Prime commercial ma
" nsld aeady at 4 Ia to 4 IL per
h saag IN foreign echanges QUIET
sssa oosn With reactionary Tendencies
t.sling Demand sterling ruled
sgI i-o lower around 1854 liz
snd French francs sasred fa ,u
Ip0lals to around 4.16 cents.
s|.s sean 3 broke out in several divi-
ES, sss y ne bond market and prices
49,. n.sa Iregularly lower. New low
lasures for the year were este hI,s ium
y soms Of the liberty bonds and
Hm.s auon issues. with only South
eria and Mexican OBLIGATIONS
lstrsrs,A ny consistent display of
slsnt easing of time money
| 49, Alied to stimulate trading
s sssa continued to suffer from the
, sua'sI TRACTION Of a rising stock
Because Of the rand ana
sms fluctuations in stock nr;oss
N ~. A.erior banks were reported to
ssr, %,.aoIawing their funds and this
4 H. y coupled with o tighten
|nons = a. loans. caused the general
+ MI bas' situation to be viewed some
.sM apprehensiveiy. AS res,,,t
|Mh K. e ! were offered freely
y XII .ae : LIS and second and third
H. ~, sslilns at the lowest prices of
sellllg Of French bonds continual
Z tends a y and municipal loans ex-
bonS'a snelr recent losses. Mexican
!fof Il. owever, rallied to new peaks
lyeIons, !edr and a brisk demand de-
lragl 81, Ior Brazil IS and Brazil Cen.
=, Hallway rs. All Zen
!, Ess,s a,Deration liens offered Door re-.
ssrass s . selling pressure and sub
n IN -, - wsses were scattered through
sursr speculative railroad. oil and
T VA pmpany groups. Norfolk and
!. len l. = convertible IS, Erie prior
\ alnons s Y Manati Sugar Z 1-as were
N An ne conspicuous heavy spots,
. nissi, increase in bond trading con,
nsS slsns has been approved bv the
ssehsesssp OF the New York stock
morrow. u VIII go into effect to-
4 fsr aess;s's sas were concluded TODAY
\. Dal a ,.vVo,o00 Danish Joint munici.
i snsrinss sar ; IL percent loan and an
4 hsst ~. q the bonds will be made
! Brown 'rk ny syndicate Including
i New VT ro.hers and Companv the
ICY. s, vna Trust Company and Hal
b ;s's aalt and Company. The loan
H. Y ol1t obligation Of as mnni he ,oah
~" were s12,2o1 nm
market averages:
K n LU ind1.e4.:,