Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-11-30

NEW YORK MARKET
49,. AZ the Days Dealings in all
feasu''' The Leading Stocks

vors Nov. 29-(P)-Stock |
New woke sharply just before the
prices today's market after having
close - ;rregularly higher during the
poVeu nart of the session. Baldwin
gls sss more than five points from us
pEO u,v high. Scores OF early gains o.
cary points were materially reduced
lloS,ped on, and closing quotations
c,l. Md q large number OF net de-
o ,"ss of one to four points;
clnsS reaction was attributed IN
Tao charters to the marking up of
many ,onev rates to IL per cent al
can , oh this was generally regarded
ss r.arsolidated Gas was bid up
an the announcement OF the
poln.sa states supreme coure decision
uln VIa,no the company's main con-
uplu in the so-called dollar gas
ienu Nv" INT It lost all but fraction OF
ease .o,n Other new Developments of
y, he day were rather coiofiess IN
character. l., r-n;+o5 States
e,as, common comprised nearly one
9Th 9Th of the days entire business.
sl.A stock dropped from $50 ga to
10 "a and then rallying to 14S "a,
10 - net. General Motors reacted
VI 1a9 rs to 13S IA, Hudson from
LUZ to As, Mack Trucks from 100
s,,o az Is, Du Pont from 1863 IA
,ss Sacage Arms from rs IL to
~ new low, and L. S. Cast Iron
Pine from 221 to 214 IA. :,
psoro than a score Of issues had
.,.ahlished new peak prices for the
.ssr early in the season, the list in
s,"ang American Railway Express,
S"neress Cigar, Columbia Cab, new.
Turska yacuub eleanor, Philips Pet
roleum. Texas Gulf Sulphur and
orpheum Circuit.
Pals Welded with the industrials
desnite the publications OF a series
~ favorable October earnings state
nonts Most of the losses were frac-
,onal although declines of point
or more were recorded by a few is
sues.
cotton and sugar prices showed lit
tie change.
A brisk demand for French francs
carried them up eight points to
around $40 cents again featured the
fOreign exchange market.
An unexpected stiffening of call
money rates as loans were with
drawn to meet month end require
ments curbed by buying enthusiasm
in the bond market after prices had
headed upward at the opening. Pop
uar industrial issues were purchased
IN large blocks but recent leaders
among the foreign. United States
government and railroad obligations
we're subjected to considerable profit
taking
International mercantile marine 6s
we're among the few outstanding fea-
lures, rising point to 95 in response
to reports that the issue might be re-
tired as a result of the White Star
sale. A few months ago when this
sold as high as 80.
Dominion Iron and Steel IS, Fed
Grated Metals rs and Franciscan
Sugar LIS rallied one to points.
Trading in railroad liens was
quiet, although selective buying of
Illinois Central threes and Pennsyl-
I yania general 1-2s carried these is
sues to ne wtop prices for the year.
In the foreign division the new
I Belgian is commanded attention by
climbing to a new peak above SO but
they later fell back as had been eX-
1 pected, the public had little oppor-
tunity to purchase the new five per
cent debentures of the Standard Oil
: Company of New Jersey. Applica-
tons from preferred stockholders
were SO heavy that the bankers an
nonnced ver-subscription of the
a2o,o0o,oO0 issue coincident with a
formal opening and closing the books.
J The bonds sold as high as 102 on the
New York curb market.
Total sales were $10.392,000.
Stock Market Averages:
20 Industrials 20 r. RS
n Monday 1441S 122S1