Daily Kennebec journal., 1925-08-27
xEW YORK MARKET
n, .hs Days Dsalinss In AL
lasufss ~ I eadins Stocks

M -. "a,
:. = &hs Days Dsa!inss In Al
fs'iufa the ~ Leading Stocks
! vork. Aug. 2e.-(AP)-
Esv sscnfusion of price move.
/ Futne1 ~ cterized today's stock
I psn1 reactionary tendencies be-
rsrseL - = pronounced a. trading
s.%sss,ssssd with the r,na st'er rsdcfion. Sa, on
a.ss a.sss.rsnt completion OF urgent
I'D aps,sring In Crysler, which
hort cnV'.cinfs to 1856 all factors In
FeSs g s.1IIns \ movement.
iDs Mn announcement that Finance
lns. lss With q concrete British pro-
fslcs, ~ the settlement of the
h poal - rsr debt to Great Britain
en'T Treceived after the market
\ ,losed .or the rise attemnt-
, y aern the tide of liquidation by
ss,s,rS g y 10 U. S. Steel common over
bloant VIZ "a 125 rs. the highest price
rortha but they were only par
Il In W4UtNH
s.liv successful.
mrs sSsrpest declines took place
ia LIN nriced issues for which there
y ;assrsloped thin market. american
y" General Electric, Sears-Roe-
u white Motors. General Bak-
~; M uayana Electric and West Penn
,,s, r.ws, - we're the hardest hit, break
gVT14. noirfs below Yesterdays
rlosing quotations.
! Tht days trade news was mixed
II. sh.racter. On the favorable side
~. the establishment of q new
s,sh w record in car loadings for the
~ rssk ending August Is. publication
w !, fayorsble July railroad earnings
) s,ssments, reports of an improved
s.msnd Tor steel products and de-
ehration Of an extra dividend OF 81
" ne Al Reduction Company. or
.afIrr these were the passing of
m bfefsrred dividend by the STAN
Ana Plate Glass Company and ad.
I. dIicnal automobile and gasoline
| Price cuts.
selling Of Crysler was counteract-
"A BY the buying Of other motors.
1 WIllp.O Overland preferred was run
1 no over nve points to . new peak
i 1t ll0 h apparent expectation of
arb action towards the payment of
\ hack dividends. but 1t cancelled a
hfse part Of its gain before the
| close. Wlllys-O Overland common clos
"a point higher at 20 after selling
lsu hikh a. q. A brisk demand al.
b deseloped for Studebaker, which
! NJ run up to IS 7-8 and then eased
~ Is for { large fractional gain on
iha day. Bullish operations were
not altogefher abandoned, nearly a
DoFe inue1 being lifted to new peak
prices for the year during the ses-
10. The industrial list Of new hirhs
included Allis-C Chalmers, Beechnuf
hekink Brown Shoe, Certain-teed
hpduct4 nrst preferred. Chrysler
inferred. Eaton Axle, Emerson
hantinghaln preferred, Fisk Rubber
lf2 preferred, Hudson and Man
A1ttan. New York Shipbuildinr. Reid
~ Cream Union Bag and paner
ud O. s. Smelling.
Aeey accumulation Of the south.
sen earTiers was the outstanding fea.
(stufs Of the trading in railroad
aotke Southern Railway, Seaboard
+ Ar Line common and preferred and
Atlantic Coast Line all mounted "a
nv teak prices for the year.
lne eail money market renewal
ny xas marked up to 4 1-2 pAr
cent hohing at that figure all dav
lime money and commercial paper
aHfes we're unchanged.
spirited advances in the Scandi-
hvnn currencies featured the firm
tertisn exchange market. Norwe-
1an Kroner rallied 40 points TO
aroznd ls.46 cents and Danish kroner
,aled about IS points higher around
~ cents. Demand sterling held
asady g M.Ss S-S and French francs
around 4.6S cents.
Bend prices eased on slightly TO-
ay uader the influence Of firmef
noney rates, which were marked I'm
s'lncitent with the withdrawal OF
gnas Tor fnonth-end settlements
aany semi-speculative issues, how
W. displayed independent strength
fpus me market had to contend with
M.er heayy selling Of Industrial and
public utility liens.
establishment of several new h;rn
E'oros for the year marked trading
tae raA group. Frisco income IS,
A., 1. "nlcn interest was declared to-
~ Esre included in this list, al
w Great Northern adjustment es,
sa'cn are expected to receive the
~ ~, interest rate this year compared
~ ~ oniy four percent last year,
~ 49, active carrier bonds included
~ seaboard obligations, Illinois
aaai refunding Is and 5s. SOUTH
racine convertible A. and Denver
Mo Grande 5s.
AZ, " company liens were the prin.
rEsa,wsak spots. Sinclair, Skelly and
ss.A1 american issues reacting / TO 2
~ 49, = a direct result Of the gem
r..,Vs auctions in gasoline prices,
is Carolina Chemical and
Sscan Agricultural Chemical
- also were heavy.
ssspofS that a new asreement An
s,s,sa 1870 debt payments might in
shrs,s ne redemption Of several out
tsss ioans was the signal for a
(ins tu.sp'ay OF activity in the Mex.
! darassoo sono group. Prices in some in
snsis were pushed up 1 to 2
kfsr.ysOo oemand was noted for new
3 Iur,sS the ss,1o0.o00 city OF
strihsS oan being readily oversub-
s'A4 oond sales, s12.so4,ooo.
'aoCK MARKET AVERAGES
Il = On T~S.r, -.