Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-09

INV YORK MARKET
u,s q The Days Dealings in All
the Leading Stocks

j Yerk. July s - (AP) - Re-
lIuq TO favorable trade news
nsier money rates, stock prices
! |hued to move to higher ground
MAYS stock market despite in
httent profit taking which was
iuhrly heavy in some of the
\ shares. The days sales again
IseIl over one and one quarter
b shares, with SO individual is
mounting to new high levels
is year.
jaening Of commodity prices and
tntion Of weekly trade reviews
ting that steel consumption this
II would run well above that
Vear brought fresh buying into
Z \ shares. U. S. Steel common
~ III to a. new high on the
fmsnt; Vanadium was pushed
lesrly ! points to a new 1925 top
If; Colorado Fuel closed 2 5-S
Der at A IS and most of the 9TH
Improved fractionally,
epcrts Of an increased export de-
d for copper and the rising ten
~ Of lon-ferrous metal prices
orally STIMULATED activity in the
llg shares. American Smelling
11g up nearly 8 points to 107 "a,
highest prices since 1917. Ameri-
Smelling preferred, International
y preferred, Utah Copper and
iM States Smelling also broke
|ugh their previous peak prices.
peflalles, especially those with
aap!s earning prospects, were
bld up in spirited fashion I'M
pool sponsorship. Among the
issues to exceed their previ-
algh figures were American
!! Razor, American Radiator,
lcan Chicle prior preferred,
an-lefd Products, Continental
dupont, Electric Power certi-
\ Goodrich Rubber, Household
usu International Railways of
~ America, Metropolitan Edi-
Aelred, Midland Steel Pro-
preferred, Robert Refs, U. 8.
nam Machinery and Woolworth.
alsk aenand developed for the
Ia, carolina Chemical issues,
which attained new maximum
.lons Tor the year, on reports
IV termination OF receiver
4, me common closed 2 points
~ - after selling as high
saa the preferred showed
l1urhed % -.
4 traditional selling on the good
,.aVTlng the announcement of
9 MOTORS Yellow Cab mer-
I Z =, Offensive liquidation in
y y, me announcement of auto
In r.ce cuts, probably accounted
aeayiness of some of the
M ssues Net losses TO a point
c Mere recorded by Mack
y sv,nlysler, Yellow Cab and
A. Alrow Common and prefer
M Motors touched a new
n. - and the neased to Sc IA
iollowed into new high
/" packard and Paige De-
i wa Enthusiasm in the oil
rsS ~ Kept in check by reports
lhe sras in Mid Continent
Eeelir. OF new high records
/ Esis,r1ss and Jake Erie common
koun g vas the feature of the
IN Il 4. New York Central and
kounss otner high grade issues
honey y ren realizing.
M dra,i renewed at 4 per cent
Ikbls & pped to IA with funds
h,1'm The outside Market as
n Ban. Time money and COM
ataess rates held steady.
tell 1 VI Norwegian kroner
To , ssck about eae quarter OF
irssahu i1.75 cents, featur-
sts saiar foreign exchange
Il ssssling ruled firm around
In French francs and
ifou,s we're quoted slightly
M H.7o and s3.7o res
~ orica Increased volume Of
sers movements in the bond
,zatIs.u esoid Of interest. Fur
ayIss . q money rates stimu-
% vas aluvity to some extent
sndenoI;sou nteracted by profit
= q ns, .ss, leaving the general
" h ICES . little changed.
anin.. Berlin Bourse as q
etion ~ the 2 IL per cent re-
y German national