Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-06-22
,rw YORK MARKET
:, .he Days Dealings in all
ktsres ~, - Leading Stocks

.tock market ooii1I.' 81
syn. .nother outburst of selling,
bite s With a further stiffening of
Staeu.sy rates. Net gains in most
non. issues were relatively
ts pt,h thew we're, spread over a
" va, u list. Trading showed a
" u'O falling off in volume. the
.slss aggregating 1,s47,20o
.rsrsge of 20 leading railroad
% ..o~ched 1929, the highest
'p !, several years. The average
y nm.dinr industrial issues moved
" H noint to 1867 a new high
=. current recovery. but still $50
Y. below the years high estab-
II ast February.
1r.k.end business news was large
as..tructiye in character. The
innings report of the Kansas
sonthern. the first to make its
.,.nce showed net OF S500,555,
..resse Of $4,000 over the COR
,srding month last year.
y ,hsres received increasing
ssntiye attention, due to stiffen-
,ommodity price tendencies and
S,ny high current earnings.
I,rd was UP over 2 points to So
.ssn eased to 81 rs. Union Oil
6r,Tfornia, which recorded spirit
,ivance last week. dropped from
ID ,,rly high of 80 IL to 81 IL on
4 .d,I denial of merger rumors. and
Il rallied to SO, off 2 IL net.
,wb recent favorites as U. S.
4 VI General Motors. Baldwin, Mack
'~rss Packard Motors. and Univer-
II .Ippe showed only fractional gains.
Ynrish demonstrations were sue
I.shlIly conducted in number of
3ralties. Pullman was bid up
.srv S points to $50 as, the high
a Mice in about Is years. General
srTy Signal advanced over 8
IN 10 a new high at Sc rs on the
3rmuncement of a s5.000.000 order.
H. Threshing scared nearly ten
- to a new high at 112 IL and
I~nercial Solvents A and B touch
s. new tops at 16S and 10, respec-
dy
u lump Of nearly 5 points in Della
r,a and Hudson and the establish
ri Of a new 1926 high by Reading
&T1-S were the features of the
iEroad group. Good buying also
...l -, ITrigno cop,,,,or ~, H.
kny that it was selling out of line
Mi other S. dividend paying stocks.
a Commodity markets were mixed.
@sNe wheat futures dropped a cent
gnore a bushel, rejecting the pres
HFr Of new wheat on the mar'tet.
l3gtOn showed net declines of to Il
fsnts With selling inspired by favor
3ts wAther reports. Raw sugar was
I1.hanged. Coffee rallied % to 80
IBants on buying by houses with Eur
Mean connections.
n Call money renewed at 4 per cent
Nd then advanced to 4 IL closing
d the top Time money and COM
IfEcal paper rates were unchanged.
Foreign exchanges displayed a.
Irmg 'undertone. French francs rail-
!a over points on the announce
IrHt that BRAND had obtained a
Promise Of collaboration from Pom
Ire in his renewed attempt to place
afnances of France on a sound ba-
p Most of the other European rates
tlled in sympathy. Demand ster-
1g was firm around $4S6 S-16.
Anunabated demand for bonds car
I'D the prices Of listed issues mod
sately higher and resulted in the
iady sale of more than $25.000,0O0 in
NV offerings. Slightly SITTER call
EAey rates apparently had no effect
the days trading and buying in
a was well maintained in all d.
SONS of the market.
Foreign obligations continued
aef move TO higher ground. with
M demonstrations Of strength
eN by Mexican, German and
Salh American issues. New high
.soFds Tor the year We're esta blished
several MeXicos assented bonds
Nsponse TO the announcement that
annual interest payments on
r uen1 would shortly be resumed.
lM lne notation of a German steel
~ scheduled FOR this week. Rhein-
H. UMon advanced to a new peak
le Iva and additional gains were
sN,efed by German General Elec-
LIS and Rhine WestphaIia
sssIFlc rs. Chilean and Uruguayan
aads were firm.
halfoad liens failed to equal the
Wv W.. pace set by the carrier stocks.
s nvlsn brisk buying movements
,, wy esdent In several issues. Della
Wy ana Hudson convertible SIS,
% Island 5s, indianapolis and
,s,ile As. Ulster and Delaware
l@ higher. "e'''e
~ Sssllecting improved conditions in
N.Y., w. respective industries. oil and
yFF ponds readily attracted buy
sshaconda 6s and is, Chile Cop
Granby Mining IS, Sinclair
" and 1-2s and Skelly 6 1-2s
I r.u< moderately higher. Union Oil
~ Ss"ilorhia, 5s sold at a new top
i c,n .or the year coincident with
MAJ. neulatlon of various merger
Ely affecting the company.
3hma nance new construction a So. =
Sg ySv issue of American Public
thss company 16 year per cent
NJ VIII be offered tomorrow at a
len VI 20, to yield over 5.35 per
"'"i sales were s1O,1O7,O 900.