Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-05-07
" YORK MARKET
: ,hs Days Dealings in all
|fs' N. +, Leading Stocks

of the Days Uea'in9s IN ali
sHs ~. +, Leading Stocks
r,,r May 6-(By The Asso-
n i nVa.ssssl-Trading in stocks
ri;csllv at a standstill but
nae, , $4,000 shares, the small
lepw . session since the middle Of
sN ;so4 Commission houses
M,,aily deserted, sporadic out
81 J. activity in special issues
Wing the operations of pro-
sseI ,rr99ders. The market AZ
pa ha awaiting a decisive turn
g ~ strike situation. Opin-
~ the outcome abroad diff
sasslv but in the absence of
s aatness in the London market
~as little disposition on the
ss sneculators for the decline to
., y here, particularly in view
V. sart that the short interests,
~, from the number of stocks
" aaat" and at a PREMIUM al
!, s.s of rather substantial vol
n .,aen advance in cotton prices,
wv inspired by reports of a
s,1g rainstorm in the Corpus
district of Texas, was one of
@tstanding features.
i, commodities showed little
y steel shares received good
support on reports that mill
Lsons we're still around 80 per-
4 rapacity although predictions
tsard Mat the untitled orders
~ Il, s. Steel Cooperation for
IA be published next week,
NJ show a shrinkage. SPECIAL
~ Of Sloss- Sheffield, which
W. over five points to 12l. was
u m the belief that the company
d benefit by curtailnent of pig
1 bjpments from Great Britain
H., country. L. S. Steel common
IL point higher at 122 3-4.
,nors heard in connection with
Irdyity in the public utility is
VI including predictions OF an
n gpreme court decision on the
H. law and a merger of lalrgo
H. companies. Net gains of l
L points were scored by about a
y issues,
lAbrado Fuel, the Commercial
Hents issues, International Tele-
H. Radio Corporation and U. S.
lrBgting also showed Impressive
La, selling to nearly points
h. Fresh weakness cropped out
b. WOODEN issues, the common
lsns % IS. the lowest since
Al money renewed at 4 percent
n bed steady. Time money ard
I zercial paper rates were I'M
ged
J, IHsgn exchange rates were ir-
Dr. Demand sterling ruled
biz fmer around $4.S4 1916 and
4 keh francs around 2S4 IA cents.
/ ban francs again broke below
cents in the early trading but
b later to around 800. Other
/ ges we're nominal.
1idty in the bond market was
Fained at "A relatively higher
n than in stock trading, with
tending upward. The dispo-
u Of traders and investors 10
time pending a definite move i'll
7sfltish labor crisis, however.
Pred the days dealings of any
Or significance.
chief strengthening influence
4 market was the support ex-
to foreign obligations, enab-
atm to recover partially from
IREresslop of the past few days.
lie the persistent weakness of
fases, Belgian and French bonds
/ ahead with considerable
n Gains Of point or more
Rgstered BY the Belgian 6 lbs
ana some of the French mu-
issues.
inertia Of the stock market
& 10 locus attention on the bond
held for speculative opera
and some Of the oil, public
and miscellaneous issues at
buying orders on this
y Sicily Oil 8 LIS Jumped
and was followed by the
anerlean and Sinclair CONVEX
while Remington Arms SKIES,
Y LIS, certificates, A lax Rub
euba Company 6s and Wick
spencer Steel is advanced l to
4oad hens generally drifted
narrow trading area, al
Big -Four" skies, New Haven
sa National Railways of
Is and 4 1-2s and Southern
LIS scored moderate
sas sIA1, have been completed
I, p n Offering of $6,300,00
Y fuoile Utility 80 year 6 IL
ponds at a price of %. The
~ VIII be used to retire IN
"ss OF constituent companies
allance new acquisitions.
Il sales were S12,322,0OO.