OCR Text |
Show I NEW HAVEN REACHES ! LOW RECORD PRICE New York, Dec 11 Stock of tbe i ,v York, New Haven and Hartford Hart-ford railroad broke to 68, its lowost price of record, at the opening of the stock market today. Passing of the dividend yesterday caused excited trading and on a block of 5000 shares, the price fell 4 3-4 points. It then lK-overed io 69 12 A crowd of brokers clustered about the New Haven trading post on the flood of the exchange long before th opening. When the gong sounded the beginning of business, the rush in sell resulted in such confusion that It was several minutes before ai'j record could be obtained of the tirst transaction. Then the opening was announced as five thousand shares at 69 1-2 to 68. Not for years had such a large block of New Haven Hav-en appeared on the ticker tape The stock closed yesterdav at 72 3-4. Trading was on a smaller scale after af-ter the opening, transactions being chiefly in blocks of 100 to 200 shares An effort was made to support tbe stock on the break, and the next sale war. at 68 7 8. Then vt was bid up to 69 1-2. It failed to hold at this level, however, and by the end of half an hour's trading had fallen back to 68 1-4. While suspension of the New Hav- . j en dividend had not been generally expected in Wall Street its effect v.ns partially discounted bj a severe d eline earlier in the week. Rumors that tbe directors might suspend pay-r-ents caused heav trading, ;uid on Tuesday the stock touched what was then the lowest price in the history of the company at 71 1-2. a drop of 6 1-2 points from last week's close. "W-sterday it met with better support. UDd nfter equaling Its low record ended the day at 72 3-4 |