Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-12-01
SEW YORK MARKET
81. os ne Days Dealings in Al
fsssufss ~ Leading Stocks

... az ne Days Dealings in Al
|fs'tufs' ne Leading Stocks
~ York. Nov. so.-tBy The AS
~ VA Press)-Uneven price move
49, n. characterized today's stock
s,rsst, but the main tendency ncy, ap-
peafeu y marked falling off in vol
ipveo' asctiny substantially reduced
1 M - rticipation and temporary
yuolc. IAN Of pool operations in sew
81 issues. ,u money rates. while
,,sctly traceable TO the s shan ae e.
.ss in excess reserve SHOWN III
49, sturday's clearing house state
1 ~ ss and heavy month-end curren-
nsM s, a revived conjectures
q r rhat action the New York Fed
y y paserye Bank will take on its
aa Inf rate this Thursday. Wall
rols.0se Generally was Of the opinion
GsssM the Bank of England rate
nA a;.sd ON Wednesday, the New
W honk would announce an In
1MA she next day. The advance
49, ID to Z percent in the Bank
~ p.,siun rate was generally con-
- another indication of Bel
lum's intention to return to the
rld standard. -, r,,,.,,o+ o,,af
Vs,as;ve interest centered in the
ally OF French francs and the
nApsa,nent of higher gasoline
~. LES in New England.
prrsmmcdjtv markets were lrregu-
!, mheat closing higher and cotton
sser on ths day.
1Tailroad shares displayed reia.
a.s,r firm undertone with special
.'s,,e apparent in some of the So
w. WA merger roads" Kansas City
e.n.ssrn VAS bid up nearly five
a.;nts IL a new record high at 4S "a
80 rsnorfs of a definite announce
w this week regarding the south
-. rail merger, of which it is
Y. main link. The preferred touch
new top at 662 10. Wheeling
.ssIake Erie common and pre-
tsred each advanced about 4 points
i new high records at so 5-S and
i q respectively.
nhntic Coast Line jumped 5
..,rts Il, new top at 30 on rel
s.,ivelv small turnover. Net gains of
tn ~ points were recorded by
iNsupeake and Ohio, Delaware and
Tudson. Frisco. Louisville and
Nashville, Pere Marquette. Western
MARYLAND and Western Pacific. Mich
lran Central. on one sale of 10
6ares. attained a new record price
a7a or 30 points above the previ-
m sale. Standard industrials show
d mixed changes. L. S. Steel COM
moi closed nearly a point lower at
Ia while American Can and Bald
i vim showed fractional Improvement.
4 Motors Experienced another sinking
nell although most of them closed
4 sboge The low figures of the day.
q Nack Trucks showed a net loss of
four points at 211 after having sold
iexn to 900 -: general Motors was
Il dfSl rs at III after having been
a doEn 10 H. il. and White. Hudson.
4 ChEYsler and Pierce Arrow Common
and preferred showed recessions of
4 Ito points
\ Among the specialties, Interna-
tolal Combustion Engineering stood
out With a gain of :; 5-S at "a rs. a
new hign record. New peak prices
also we're attained by Air Reduction.
American Sugar, Consolidated Cigar.
Ngpe and reynolds. and Gimbel
Rslhers common and preferred.
Outstanding strong spots included
american Agricultural Chemical
@nEion and preferred. American
waller Works Atlantic Gulf and
Ne4 indies common and preferred.
tmsoleum, Eureka Vacuum. FEEDER
aAlnlng and Smelling. General AS
Baking q.
I ~, money renewed at SO percent
sM men advanced to 3 IL when
sarks called about $4,000, 900 in
AaRS TING money and commercial
sAvr rates were unchanged.
slenen francs rallied about IL
mMs % around 400 cents in re-
1s'iah 81 similar advance in the
ss1yen market before the New York
.saAs opened. Other European ex-
. Is moved within rather narrow
~ ". Irregular limits with the excep-
~ y Polish zlotys which moved
puilts 70 new low record IT 13.-
ssnts- Demand sterling held fair
Maay around $4.S4 3-16.
N psaa Prices forged steadily ahead
\ NJ Y y trading which was featured
I,'s XII Ohtlnued recovery of French
rsl.ohs and the moderate
'sh displayed by railroad liens.
s;. WV developments appeared to
saie buying, which merely re-
rand. AZ e'seihent oe-
ts,.s. Upward movement of French
s.ss, which set in with the
4, formation Of new cabi-
anS carried a step further when
r,s,s VI. announced that a plan for the
,6ls on OF French francs prob
4 i IN Mould involve another attempt
4 tsM NV promptly the American war
A No. ~ glasses of French bonds
'isa IN the recovery.
n tn iii. tdi ISSUES, lOlIOWlDS
H MI. w ~ carrier stocks, were the
4 ii ssll'e spots in the domestic
taus.d aelr sustaine dstreagth later
tnI@sa WIDER buying movement to
Z sDecalss. most OF the standard and
M sslse liens. The largest gains
obis asslsieyed by Chesapeake and
1 Sei AM hslOnsertible is. New Haven con-.
tssy.s s os- Delaware and Hudson
tbksa auie os. Frisco income 5s, At
ri ,as general As. Chicago and East
essnSa a y. Us, and Denver and Rio
ssss movements Of Industrial
Bsis s s were mixed. Murray
isr val, -s We're the only outstand-
pp,. MN spot, reacting more than 4
ysr y new low p.ice for the
poinis 1usneral Electric 5 lbs sold
Vas Navy ~mer put good buying support
~ 'plCu Tor A