Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-10-30
NV YORK MARKET
,,he Days Dealings in All
features -. y Leading Stocks

& the Days Dealings IN ~"
features t n Leading Stocks
~ Oct. a9--(By the Assoc
New lsse-Selling orders for both
hs sats thrown into , the I heeore a the
s'co .n large volume Just pea4 e.e t = :,
ut p aasettled prices today after an
! cbss un as,od Of strength. which was
ssfr PEW Nv another rapid advance In
featured ~ IN dspecialties. Closing
Motors ,,s 81 irregularity. a long
prices a,'s GAINS ranging from / to s
s',le so, n being offset by an equally
\ = p vsf Of losses ranging from l "
CIV IL points. ...,,, ,,,o,,,a
nesin s,,.h news was plentiful, includ-
Bualsnr of unusually favor
l1s pssrnings reports by Chrysler'
abe s snds and other corpora tons;
Sllnnusm of increased dividends
snnoul stocks or the American Metal,
On W ucffman Machinery and Pen
! D : ~, company and continuation
I@ cord beaking car loadings'
~ usual THURSDAY rumors apout
ln s,r case in the New York Federal
% ~ ~ 70 discount rates were cir
sss .as when the selling was at its
ela p, hut they again proved
as,nsless, the rate being MAINTAIN
ss 10 percent. Much OF the
q I. i believed to originate with
sa ssasss;nnal traders, apparently act
FoiesS .,,s theory that at least a
y ~ reaction was in order.
ss g,n;as speculative interest again
,.tsred in the motor accessories. a
s ss.sn Il which mounted to new nigh
!sas,s for the year, with total sales
'e s,st group comprising more than
. 'i of the days entire volume
" , a Chrysler scared nearly
p uo;nts TO a new high record at
u is on publication of reports
saving net earning in the tnlro
'.sr,sr equivalent to s9.S6 on the
~ ssr,n n stock and then broke to 2S4.
u nsrsral Motors crossed 140 to a
" ton and then broke to 13S 5-S
!, loss Of over points on the day:
s,uSabaker touched a new high at 81
= total sales in excess OF 10000
.s.res and yielded to 65 S-S for a
4 ~ s y Of 2 points. Hudson. Pierce
,.sa W.. common and preferred. Pack
\ =. q Fisher Body and Thinker Roller
s ~ also reached new high
ground.
H,rh priced specialties again re-
.sivsd strong buying support. Cen
mi Railway Signal jumped over 10
nj, ,orts to new high record at 1896
q nm the announcement of a large
rol,me Of new business. National
lad was run up 9 points to a new
lsrel of iS4. Sears Roebuck. U. S.
Realty. American Banknote, the
Commercial Solvent issues. Laclede
CAS- and United Fruit showed net
esins Of 8 to IL points.
Pan American Western which was
admitted to trading today after hav-
M been dealt in on the curb opened
Al 81 IA ran up to AZ and then fell
back to Is s-4.
Standard InGustrials were reac-
tionary D. S. Steel common closed
fractlonally lower at 12S after having
been as high as 1874 IL. American
Can showed net loss of over 2
points al Isl IL and Baldwin yield
Cd fractionally to 122 ga.
Buying Of the rails was of a selec-
tive character. Atlantic Coast Line
was the outstanding feature. climb
Ing over six points to record high
for al time at 203. Southern Rail-
way Nickel Plate" and Western
Pacific preferred also reached new
high ground but Chicago and North
western. New Haven, Southern Pa
Gfc Union Pacific, Baltimore and
Ohio. Delaware and Hudson and
Missouri Pacific, preferred were re-
dictionary. Call money held steady
at434 per cent. Time money and
commercial paper rates were un-
changed.
With the exception Of demand
sterling which was slightly lower
around lisa sic, most of the foreign
exchanges displayed a firmer tone
y quiet trading. French francs ruled
about : points higher around 4.23 IL
cents and Italian lire advanced 4
points to around 1888 cents.
Weakness Of Liberty bonds was
ne outstanding feature of bond
uading which was again over
snadcved IN interest by the violent
auclnafions In the stock market.
Nv low records for the year were
established by three of the U. S.
governments obligations, and while
ssllns was not particularly heavy
tendency,
LIQUIDATION Of large investment
aolonm Tor the transfer of funds
more speculative fields or to COM
msIcial channels, Liberty bonds ex-
-. explained, recently had UNDER
,s., ny market for these securities,
lang them unusually sensitive to
- increase In offerings. At the
i. ny proposed legislation to limit
-. ~ nuance Of stax exempt bonds
49, - removed the Incentive for accu-
,. s.sn. particularly in view of the
ps,s levels for money rates.
nor..ss 80 movement of domestic cor
s sss'l0a Hens reflected the usual
,S.s Of market forces. The rail-
sru Issues generally displayed a
S uIs tone, with a fair demand de-
ps;a us Tor the Atchison general 4s,
81 p Plot liens, Chicago and Alton
>. f y and Western and North
sr 4. \, Their gains were partially
es.,s.g the selling of New York
M No. = consolidated 4 lbs. Chicago
NJ saslern Illinois IS and several
an, NJ .. Paul issues. Sugar COM
but ~. u0nds continued to drift lower
rssspporting orders brought about
Pss sssry in Eastern Cuban Z lbs.
d . ,asa obligations were neglect
sls t h.s; Some of the Mexican is
hIss , tloEe through their previous
lini,ssis 'e Is but their gains were
psads. French bonds marked time
ansnciss, ose.v.elopments in the French
~ we're $lO.0S5,ooO.