Daily Kennebec journal., 1925-08-20
Financial
| NEW YORK MARKET
|n,ures Of the Days Dealings in All
the Leading Stocks

New York, Aug. 19.-(AP)-
tck prices turned reactionary to-
II under the weight of large vol
lie Of selling for both accounts. Net
kes Of l to 3 points were rather
lerous among the motor equip
knt, rail and merchandising issues.
teral Individual strong spots de-
Hoped, however, in the oil and nom
rus metal shares.
ta the absence of any adverse
lie news beyond an extension of
ttnt crude oil and gasoline price
s, Wall Street was generally in
he'd to regard the reaction as a
Erection OF a weakened technical
t.t,en. The Belgian debt agree
kai and the establishment of a
h 1875 high freight traffic record
Ithe week ended August s, had a
tlish effect on speculative senti-
rtnt which was restricted to the
he overnight accumulation of buy
orders.
Eack Trucks was one of the hard
hit in the late wave of selling,
baking points to 231 after hav-
+ duplicated its record high of
Fhe sharp drop in this issue stim-
ped the selling of other motors,
4lte, Pierce Arrow common and
fferred, Jordan, Crysler, WHY'S
Tterland preferred, Fisher Body and
AEes Wheel declining l to nearly i
fnts.
Parked heaviness also was shown
American Linseed common,
fdwin, Dawson Chemical, Inter
tonal Telephone and Sears Roe
K, all of about = points.
fuength of the oils was rather
1orising in view of the sharp re-
Tttion of 45 cents a barrel in corn
fcrude prices, but it was explain
IN part, by the publication of a
ale report showing substantial
fease in crude production last
x and speculative buying inspir-
10y the belief that several issues
been overhead.
fan Americans A and B selling
FElsnts' each closed more than
plnts higher at SO 1-2 and GA, res
1lvely, while Marland, Pacific,
as Company, Atlantic Refining,
Associated Oil gained a point or
faaonal Lead scared 10 points to
% and American Smelling and
Ffnational Nickel each moved up
r than = points to ew 1925 high
ofas at lO9 "a and 80, respective
us they We're unable to maintain
II gains.
FsSana Electric reached a new
y Fsl 2UI 3-4. Other strong spots in
naustrial group included Cali
aa Packing, Fleischmann, Ameri-
express, American Radiator,
n Springfield six and s per cent
Esfred and Union Bag and Paper.
p5 points or more.
aS were mixed. New Haven,
LOUIS Southwestern, katy" COM
nansas City Southern preferred
rere Marquette eclipsed their
vus nigh prices for the year.
~ money held steady at 4 per
H. lime money rates were un-
~ Dut a slight stiffening was
N rates on prime nfercia
n, winch were quoted at 4 to A.
instead of on fiat 4 per cent
.e'sn exchanges moved within
narrow and irregular limits
fa francs rallied nearly s points
ZINC 4.57 on the announcement
uent agreement, but lost hall
I,,ssa san before the close; demand
ss was slightly easier around
Al while French francs ruled
a. =. point higher at 4.69 cents.
,'sy buying of Belgian govern
r,S, ,SS1,agations, influenced by the
ie reception of the terms fol
Sa me me little Kingdoms war debt
uhited States, was the most
uous feature of today's bond
afd course.
we're limited but all of the
Ianss iss1es listed on the stock
knass,m kase moved forward.
I6shss nailed as constructive
ltted ksettlement with Belgium Is
ltio,sDy bankers to accelerate ne
In nlth with other countries which
low leu s OF funds but unable to
fs haefe until satisfactory pro-
aas peen made for -enaNing