Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-07-15
srW YORK MARKET
a, The Days Dealings In
sturss r TIE Leading Stocks

I'LL All The Leau.ns
- July l4.-(By The As
.sE 70 press. )-Alternate periods
sjsted .ass and strength character
II aesvlass's stock market. Prices
toass soon after the open
q ts l.a sr the leadership OF General
4 una, which attained another new
!, tors w., w at l61 as, turned down.
ora a n,S midday when weakness
&c slvDi IN some of the food stocks
fslcpsa bounded upward again in
IL msl hour under the stimulus of
II ni pool operations IN Dodge
4 sTesa u" and a few specialties.
ptasls ,os were 1,S34,400 shares, as
eial say "a with 100000 yesterday.
Enpa,e'o nerators for the advance
Nhas s,,n forced to contend with a
esEe ss, rn,e of selling for both ac-
s s based on the speculative
Da Wv that a technical reaction was
esois III they we're aided by a series
s;ssau .ss,rletiye trade developments.
gus included the announcement
res .,sht car loadings had crossed
I. million mark for the seventh
,sIs year in the week ended
4rs J. ,D'y yenorts of a small decrease
AaE .a I; iii production last week an
aass IN the price Of heavy steel
sTs sar scrap in Pittsburgh with
lisni. .s. If steel in the first ten
= ~ July running above those Of
z. corresponding period last month
another series of favorable
isEasnds and earnings reports.
IA advance in the rails has SLOW
NV temporarily although a strong
.s,ment demand is reported for
.ss,.l n the high grade issues. In
y. ausrters there is a tendency to
n. further developments in the
s.sa.tops for the adoption of the
's.sS nickel Plate plans because
M opposition which has develop
lsa the past few days. Uncertainty
4 :, ,be Interstate commerce COM
..sIon's decision on applications for
.srision of freight rates on western
! ~, was another restraining fac
rspsal Motors closed l IA points
!, higher at 159 "a, with total sales
I,srlrg over $4,000 shares. Dodge
lntbers "A" was bid up IL points
IN 10 on sales of over $4,000
1nrs Other outstanding strong
IN we're Bethlehem Steel Bush
4Tninal, Commercial Solvents Ell"
1xgal Electric. International Har-
rpr International Nickel. West
irbouse Manufacturing and West
Thhouse Air Brake.
Il ase Threshing Machine, which
\ Il advanced from a low of 62 IL
In, high of 1873 ga this year, broke
5rnly six points during the day at
m Il. Coca Cola, Fleischmann, May
IErtnent Stores and u. S. Cast
lin Pipe also showed substantial
4tsessions.
/ Call money remained at 1-2 per
itst all day. The New York Stock
IErhange reported a generous sup
III Of loanable funds all day with
very light demand. Time money
~ commercial paper rates were I'M
\ Sme irregularity developed in the
Etgn exchange market. Demand
faling was slightly firmer around
4sf5 rs, but French francs ruled
Il saat five points lower around 2.53
ReactiOnary tendencies predomi-
Eted in the bond market, rejecting
Pc recent tightening of time money
bnditlons. Prices of virtually all
f9mestic corporation issues worked
Eser but several foreign obligations
VA most Of the United States gov
nment bonds moved counter to the
|eneral trend.
The possibility of virtual financial
|Halofships in France and Belgium
|Fengthened these bonds which had
!nealy responded to the favorable
,speets Of the Anglo French debt
idlng agreement. French govern
Eem lbs and SIS and the Paris
1onS-Medlterranean IS were ex-
Epuonally strong. German issues
EN retained their popularity, the
Esaeullural Bank Is crossing par
" the first time.
me downward drift Of domestic
EgN prices was especially notice.
ne In the public utility and Sec
|hlary railroad groups.
lWo important bonds offerings
ESVVVOOO for the Toho Electric
| he yer Company, of Japan, and ST.
kgVOO for the Pan-American Pc
rNleum Company were quickly
approximately S.
EMoOO Of new financing has been
EENalsed for the Commander Lara
e corporation, a consolidation of
EssIern flour mills, and public Of
sglngs Of both notes and bonds will
". MADE later this week. Total sales
F'sfe slols7,Ooo.