Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-04-27
NV YORK MARKET
- . N. Days Dealings in all
lures -. :, Leading Stocks

lures ~. y Leading Stocks
il .. April 26.-(By The AS
upressj-Proft taking and
seii n,rials which had continued
inau,,ntsdly for seven consecu-
teffup;sn today's market. but the
y day. .hares continued their rise
caa sue sround. Trading, which
I hisas sa,v of a professional char
lal ssawed a marked falling off in
sn the days sales Just crossing
unl z, mr. aoo share marke. as against
l,sVv.,vVSS Saturdays two hour ses-
Y, and 2.s2s,7oO on Friday.
decline in the industrlsis vas wa
Pc usi.ted with anything In the
assU but was widely regarded
) n s,ural readjustment after the
na' mnturn last week. Despite
pous deficit in reserve shown in
s sssaturday's clearing house state
calj money renewed at 3 IL
es and then dropped to 3. with
e ssaarent plethora of funds avail
app@Ht; me money was on a fiat 4
- basis, instead of 4 to 4 Is,
s1osing rate last week.
bublication of splendid oearter-
sanort by the General Motors
lepr.tiou showed earnings of
share, was followed by the
s,.;anal selling on the good
a' ,ha stock reacting from an
= birl Of l29 SIS to 126 3-S and
raIlving to 126 rs for a net
rs IS nthe day. Heavy
also broke out in Hudson
y. which was driven down over
WI, below Saturdays closing
., ,t to IS ga and then rallied
\, a point. Weakness developed
..ms If the other automotive is
Mack Trucks, White Motors,
IAN and Fisher Body losing 2 to
bcints. ...os ,ra,
7: was rather quiet, but practi-
n All of them drifted to lower
r,d us. Steel closed SIS lower
~ IL after selling a point above
Azure losses Of a point or two
!. recorded by American Smelt-
American Tobacco. Baldwin,
s.,bmann, Gulf States Steel, S. S.
s.qe tudebaker, u. S. Industrial
Y |phol and Local fractions.
1 Eome sharp recessions took place
number of specialties which
n bid up rapidly last week at the
rense of an overCrowded short In
sst Allied Chemical, American
fav Razor. Chicago Pneumatic
Coca Cola, Cushman, Dupont,
ihieson Alkali, Remington Type
[iter U. S. Cast Iron Pipe. and
|elvorth all closed at net declines
E.l.2 TO nearly ) points.
IHeavy liquidation Of the Armour
mes. apparently was in anticipa-
Of poor first quarter report. A
4 in the A stock to Is "a, the
kest price since it was listed on
New York Stock exchange, re-
|rd rumors of a possible omission
the next dividend. Cudahy Pack
also was weak.
There were a few Independent
png spots among the industrials
n specialties, one of the most
Eminent of which was Freeport
zas, which was pushed up to a
III high level at 81 IL on reports
\ h the sulphus business was unus-
by prosperous. Marine preferred
sanced over a point in anticipation
an early conclusion of the nego-
tiOns for the sale of the White
kr Line Fleet.
fhe demand for rails conferred at
b iIYthe' high grade dividend
gilg issues, but eventually spread
some of the low priced carriers,
oculafly New Haven. st. Paul
setred, Bangor and Aroostook,
4 Chicago Great Western prefer
Among the higher priced shares
best gains We're recorded by
aisville and Nashville, Norfolk
Southern, Pittsburgh and West
fglnia and Nickel Plate" COM
Commodity markets were mixed,
eat prices rallying moderately
y the May option advancing
ry a cent bushel TO $1.63. Cot
fell back IL to u points with
Jung inspired by reports of better
ather in the South Coffee futures
Fanced Il to q points in sympa-
win firmer market in Brazil.
sugar market was firm. raw
T advancing lis of a cent a
Foreign exchanges were easier. al
usn Belgian francs rallied nearly
points TO 3.6l cents in anticipation
me senate's approval of the Bel
aept settlement, which came af-
he market closed. Demand sterl-
fpled Just under ass and French
acs wee slightly easier around
q cents, Norwegian krone jump
niue points 10 21.56 cents. But
" changes were rather narrow.
nc continued ease Of money con-
.pus heh bond prices firm today
ne lace of dwindling activity and
pss OF animation which char
s'isea last weeks trading. Cur
cIoss.currents ran through the
.aet with profit-taking tendencies
.VIhict with Outbursts of strength
lew special issues.
Vae Oh the outstanding features OF
snis was a rally of points in
s.natonal Marine 6s to a new TOP
al VI. Approximately 1885,
W " lle bonds were accumulated
4e expectations that the $36,0O0.-
c ,ssae would be retired with the
.sgqs IRON the sale of the White
,nn.s 9aa lines generally failed to
rsI 10 the series of favorable
NJ earnings statements which
n, impetus to the upward move
M VI 'ne carrier stocks. A brisk
M a developed. however. for
N. '. tne less active bonds. Chesa-
m ,o oiia Ohlo first As, Burlington
M, '' 49, several Of the Big Four"
mi florida East Coast SIS, Long
Eors s 9 Ss' New York Central Lake
tsna ,Hs, New Haven convertible
s..u Michigan Central IS.
,is sacA obligations improved their
kpr ~ early in the day but were
~, tSviced back by announcement
Ere we yates, attest debt offer would re-