Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-12-17
N YORK MARKET
;, the Days Dealings in
,ttfs'. y .hs Leading Stocks

-, Zee. 16.-Pl-Resump-
w i W. upward movement of
d ~ today under the lvader-
8 fl1Sfssjted states Steel Common
y , u checked this afternoon
aaur selling of the high priced
sss leaving closing quota
regularly lower, In ! the dno, alb
lam y suy adverse news develop
q a,s sl selling was generally re-
h ms q natural correction of an
y y position resulting from
kusu,, res advance of the past
aTraaing again ran above g.
II shares C,ee, common vv. g
sIs.aa,.ndlng feature, total sales
sa' '.s,,e running close to 100000
~ issrly one-fourth of the days
rs asa of business and nearly
s " If the outstanding capital
rsn% J, the corporation. After the
~ Y .hs market it was announc-
~ stockholders at thenr next
~ I, meeting would be asked to
90 an an increase in ca .litalization
fsN ss for a stock dividend of
v prtnt. ,,,,;,,r for higher nric-
l1s favored by an unusually
w. .Umher Of constructive devel-
~ Can money dropped from
s ,q percent and was in free
~ The lower figure. The New
rsasraI Reserve Bank ANNOUNCE
,hsnge In tie four percent re-
s ate Directors of the Louis
VA Nashville Railroad raised
.. nm dividend from 6 to Z dol
' pa mere vas another. series of
a "a christmas iviGend5 in the
wv ', srtra or increased payments.
Z. ,tternoon selling movement
..,srted chiefly against such is
W BALDWIN, Commercial Sol
continental Baking A. IN
.,sansl Harvester, Pullman.
4 Porto Rican Sugar and United
\, rast Iron Pipe, all off three
!. noints United States Steel.
.imching ISL IL, dropped back
Eta and then rallied to 154 rs.
...,, and Pacific Land Trust con-
= its sensational advance by
ms 80 points to a new record
s,ice at 1900 on small odd lot
.,,stions, 1t sold as low as $40
\ in the year. Independent
s,.s was shown by a number of
= issues. including Ajax Rubber,
L.4ssn Type Founders, New York
and Savage Arms, all up two
=. riuts. Fox Film also was
m during the early trading on
NH Of a private showing of a new
nv picture, but it lost its gain
as late wave of realizing.
s,Is Welded with the industrials
sm,h the declines generally were
!. large. Atchison, Lackawanna
Tsyas and Pacific yielded two
n o So aid New Haven, Illinois
nal and few others lost a point
q Southern Railway closed a
!. higher. Louisville and Nash
opy showed a small fractional
.in,
rtbjshment of a new high level
A. wear by French francs above
cents featured the firm foreign
aase market.
Da prices continued tc follow an
nrd course, with trading featured
.aw buying Of French obliga-
and spirited rallies in a few do
kt railroad and industrial issues.
gFrench government issues soar
b new high records concurrent
aa rise in the franc to a new
rCe for the year above &c and
slction in the Bank of France
xat rate. Municipal railway
Eis we're moderately active. AL
NIB the new Belgian sevens had
kniy led an advance in this group
we're outstripped today by the
y sYeus which crossed 101 to a new
1 citations that The Van Sweringen
ssts would soon take over the
gton of the Erie Railroad pre-
: ntuY to the Nickel Plate merger
reports that the first preferred
( iv0uld be restored to a dividend
: ! simulated buying of the COM
Us bonds, most of which reached
: peak prices for the year. New
! Z Central 3 1-2s and New Y ork,
\ gRhanna and Western As were
tantally higher.
Z p best performances in til In
nal division were given by sugar
oil company bonds. Warner
issues again took a prominent
n the advance, mounting more
u point to new high levels on
lrent movement. Oil liens fol-
ihe upturn in petroleum stocks,
was given impetus by the YER
n acquittal in the Fall-Doheny
macy case. Lsckawanna Steel
aased Independent strength.
4ago Railway IS broke about
POINTS following the announce
o leceivership from the COM
oW ater recovered all this loss.
"a sales were s14,134,000.