Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-07-27
M YORK MARKET
of The Days Dealings In
fsFsa = The Leading Stocks


r..x July 26.-(By The As
h io pr~rsss)--Stock prices dis
tsd distinctly stronger UNDER
asav's market. Speculative
, Vas confined. however. to
~ s WIRE issues. lack of interest
. sss va, list being reflected in
y. ss Of less than $4,000 shares.
a islss I. Of any full session in
,To months.
,I,s.sJional traders appeared to
ass~g time pending the out
A ,ss meeting of U. s. Steel
o. i'm directors late tomorrow.
change in dividend rate is
~ IN conservative banking
@a sone is still held out in
l,asrters that a stock dividend
Zion would be made at the
n S. Steel common closed
;.ts higher at 139. but much
p s is believed to have
ssraanced by predictions that
!, orsers at the end of July
ssov the first increase this
!. from Paris that the new
~. y. government would attempt
he franc by means of taxes,
n n loans, had a cheerful ef-
snancial sentiment. which
smedjately reflected In the
i ate for French exchange.
w. again received strong buy
mort despite the unfavorable
" Of the Studebaker Company
!. ouarter report, compared
\. same period last year. Gen.
fs'tors was run up nearly four
4 n 160 rs, or just half a point
,sa recent record high. Hud-
i ,'ssd nearly a point higher at
n most of the others improved
tsnally.
s,r 81 another period OF crude
,.roduction continued to re-
n t7ding in that group. Trans
frssatal Oil was bid up to its
4 wlce Of the year on buying in
IT, by the discovery of a new
I'm Niger Creek Field, Texas.
n company officials believe
T. no an area of 1900 acres.
I'M we're quiet but strong. Com
IN prices were mixed. Active
IN futures advanced a cent or
4 bushel on reports of contin-
ty hot weather over the spring
area in Canada. Cotton rallied
IN II points with buying infu-
Ety the belief that the crop had
krally deprecated since the pub
lna Of the government report.
I'm money renewed at four per-
4 md held steady at that figure
I ay With a plentiful supply Of
n available. Time money and
kngcial paper rates were I'M
Eged
kslgn exchange showed more
EHty, with spectators apparently
lag further developments in the
Eth financial situation before ex-
|rg their commitments.
fztallment Of activity in the bond
bet correspondent with the dwin-
interest in stock trading, but
Be- maintained a firm tone. Sew
kgratic price fluctuations marked
Pings in domestic bonds, but
)'ges as a rule were held within
INV limits.
Nth the French financial outlook
Ening more encouraging, the
p Of foreign obligations was
y: Uniformly upward. French is
/ extended their recoveries by
|Eantial fractions and marked i'm
|Ensnt was noted in Swiss, Bel
II clechoslovakian and other con-
Faa bonds. Activity was reduced
ae absence of selling pressure
EtS the leading issues.
VIDE fluctuations in West Virginia
and Coke Us drew the attention
aaders to this issue. On a few
EEne bonds broke more than four
Es 70 new low record at So,
Ias lney attracted enough support
''aslfy them back to 73, a net gain
IL points on the day. North
[tican Cement 6 1-2s and Cuba
y sugar Is fell back about a
alroad liens followed the up
!, movement Of the carrier stocks,
\ suylng of the merger issues
laRted by the recent progress in
ssp Y consolidation plans.
ilOlc Offering will be made this
u Of Sl5000,000 Silesian-Ameri-
corporation Is year Z percent
~ ~ 10 finance the acquisition Of
'ulesche zinc properties by Amer
interests. A $12, 100000 offering
uallneau Power debentures was
subscribed today.
'eltal sales were SS27 OOO