Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-05-12
NEW YORK MARKET
-. q the pay's psalines in All
Feass ths Leading Stocks

vnrk. May l1-(AP)--Opera-
~, e The rise In today's stock
ton - wsre confined largely to the
paiss rubbers and q few industrial
ros1s,s,ss The general list dis
considerable irregularity. with
&C., 4 the standard rails ana IN
~. losing ground on selling IN.
dul ~ the speculative belief that
eplIs .sr,cal position of the market
" n Sssn impaired by last weeks adj
- 80 and that a temporary reaction
y. warranted.
" s,,',vs Overland common was the
MIasrst feature, being run up over
lnols ~ n "a IL, the highes. In five
49, On reports of large pronts.
s.snt Indications point to earn,
n II $11,00O,o0o In the second
psA ~ according to President Will
euat's ~ nsactions In the issue ap-
..nsted 100000 shares, or about
Fo1s Am Of the days total TRANSACT
ons me preferred stock touched
w. The highest price since 1917
vneh = Arrow common and prior
ssd also bettered their pre-
E Esss top prices in further reflection
W. snbstantial reduction IN the
Mans Of the company. Stuue-
mn. Nah and Packard preferred
mLu s.tslned new peak prices.
~ sshsr sharp advance in Crude
49, soday stimulated activity IN
kuse W. stocks. The common stock
@ tsif 3. Rubber Company, whose
1890 49, are reported to have In
! ms - Al 400 900 as a result of the
Ss fise in crude rubber, touched
mss.I ne highest price IN Two
$50 and Kelley Springfield reaca-
-. ! nsw maximum at Is 6-s.
/ y, ! steel common held relatively
-. =. S1snite the huge decrease IN
M ana crders reported at the close
u Y ~ market on Saturday.
ar - a large railroad orders Tor
s'ssSs arr failed to stimulate
.sssrd for equipment issues. Bald
n "a American Locomotives ana
$1,000 Car and Foundry showing
/ 81 IosStS st 4 point or so.
H ssueesing OF the short interest IN
..s,icsn Sugar preferred resulted
!. sns Irrational advance OF over 20
u.,s.s 4 that stock to 50 Ia. as
s ss,sS vlth 4 low OF 20 last
Tssuisdsy followed by = subsequent
u csSe strong spots included
/ Amefit1n Toe. Association nty
cno5s Colorado Fuel. Gulf States
sissI kelsey wheel. Loose Wtles
s S,ssslt 6eafs Rosbuck and 0ercsu-
- n 81 which sold . or more
s,isia Sbsye Saturdays hfial aac-
~fSisiar saies brought about ~.
ssS1SS5 81 s point or two n eeme
y ~ ~ priced raill, particularly
n e6a1eafd .Airl Line issues.
St,r>s A oeveral Of the large cas-
IA railroads lost ground % q re-
MI Of the differences that have
4 u6poed out over consolidation plans.
atfoukh Chesapeake and Ohi0
,loSe6 Independent strength, closing
i 5S higher At IS 3.S.
Gin money held steady at 3 Ii
u cent. Time money and COM
nefclal paper rates were unchanged
/ Nth business quiet.
Il The principal foreign exchanges
moved within narrow ana irregular
limits. Demand sterling ruled un-
changed around &4.84 IL and
french francs were slightly higher
asM cents. The Etandihavtan ex-
thanees were heavy. Brazilian ex-'
change showed substantial improve.
| meut II sympathy with HIGHER. cot.
N pflees.
pionfstaking hated the upwaYd
| movement 81 the bond market Aftsr
! u xssk had opened with prices
! Eandlng ct the highest average leve
| = u the year. French eAilgattoue
vsre u exception % the, Gehsfal
tsnd edvausing IN respohse 70 re-
mi t1et n 6aYly eettlensnt OF tho
| nmen d6bt 10 the United States
| NuuN ~ undertaken.
| Re1lidug sales cropped out most
tenlpicuously in the railroad. list,
profit taking being invited by an I'M
hloktn rise OF several weeks. Recess
sons we're most marked in those is-
mes which had led the recent adj
unee. such as Southern Railway,
&ahesrd Frisco, Kansas City
Smhern, Chicago, Great Western
"a Etie liens. Selling pressure was
~ potticularly heavy and the gen.
ai nee decline was only moderate.
cn1lcting price movements
NAKED trading In the public utili-
YES With buying orders governing