Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-04-21
NEW YORK MARKET
-. az the Days Dealings In All
tufs tl,e Leading Stocks

E.u York, Apr, 20 NBy The Assoc
ew press) - Curious cross-cur-
~ - nrices ran through today's
u,orket but both Industrial and
.asd averages closed moderately
toa1 on the day. Trading showed
ne contraction in volume, total
ur' ssiling below the million mark
,hs second full session on this
davis news was largely con-
live in character, one Of the
y developments being a further
N money rates. The Atlantic
esfine Railroad declared an ex-
s;ridend Of $3.50 and the common
y dividend of the Columbia Gas
4 Electric Company was raised
$3.50 to $500 annually. The
IN franc sagged to another new
r.rel despite reports that a work.
hasis had been reached for the
.,sn,ent of the French debt to the
kted States.
~ first of the March Railroad
,.ines statement to make their
nance compare favorahly with
!. n the same month last year.
Union Pacific reported gross Of
Eaa, 10 and net of S2,667,791. as
Jared with gross of $14.012, 401
not of S2,023,459 last year. The
[ssss CITY Southern reported gross
{u Ssl.S9S and balance after taxes
IgIl ss2 as against $1,162,240 and
tis;0 in March, 1925.
H. overnight study of Chairman
Tvs remarks on dividend policy
II business of the United States
III Corporation apparently allayed
EHer fears the common stock clos
- higher at 119. after having
frhed 1l9a. Crucible and Repub-
II steels each advanced over a
Ia and the other Independents
kmoyed fractionally.
{poal operations were aggressively
knductei in local fractions in an
Emtion of favorable developments
Esding bus franchises and new
Eusv construction. a temporary
Ebnrst of strength in Marine Pre-
frpd was associated with rumbrs
II negotiations were nearing COM
EtOn for the sale of the White Star
H. boats to British interests.
Constructive operations also were
Enrent in number of specialties.
kJman was bid up over six points
klS4lS, closing a point below the
II on buying Influenced by reports
Ia special dividend distribution.
klyal Of activity in Consolidated
Eributors reelected the announced
kpnsion of the company's radio
M automobile supply business with
ksntly obtained new capital.
Federal Mining and Smelling COM
IN broke Is points to 20, a new
II record for the year on a Della
Ia court decision over-ruling the
knpany's demurrer to a suit
kught to prevent the company from
wing a special dividend of $40 on
N issue. The preferred stock rail-
HIS points to IS but lost nearly
ID its gain.
Substantial net gains were record
tby Consolidated Cigar, Dupont,
u Reduction, American Water
twks, California Packing, Chicago
tsumatic Tool, Cuba Company, May
k@rtment Stores and National
ad all up to 4 points.
III. S. Rubber sank to a new low
lei for the year at $50 and then
kpped 60 for a small fractional
Nm on the day. Weakness also de-
hoped in Childs Company, the Com
brcial Solvents Issues, Remington
typewriter and Ward Baking B,
tme Of which sold at new minimum
Vices. Fluctuations in the motor
kues narrowed down considerably,
kneral Motors and Jordan closing
kOut a point higher and the others
koTing fractional changes.
IVnion Pacific. Chesapeake and
tn, Colorado Southern and Texas
ki Pacific closed l to nearly 2
fhts higher but the other active
tE showed little change.
commodity markets were irregular,
fy wheat dropped two cents a
Ekhel to $1.60 u, but the other op-
Fns showed only narrow changes.
ftOn trading was quiet, with final
foAtions l point lower to 7points
Eher Sugar prices were unchang-
n Coffee eased ! to points.
ICall money renewed at four per
NJ as against 4A yesterday and
steady at that figure all day.
pans in the outside market" We're
ported to be available as low as
Iand ~ percent. Time money was
s'ed at 4 3S to Az percent with
ne 80 day loans reported as low
IN. Prime commercial paper rates
Ere unchanged.
establishment of another new low
~ by French francs at $50 IL
lS and a drop of 1-2c in Polish
EVS TO 1880 cents featured the
esuar foreign exchange market.
omland Sterling held firm around
S i5-lG. The Canadian dollar
H. quoted at premium of 1-32 to
~ OF one percent despite the
phent of over 100000 in gold
Canada.
Improvement was &c n e I a !
oushout the bond market today
most of the price advances were
"Ieo 10 fractions. Indications of
edSlef money market with call