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The author derives the joint distribution of \\((M_s, B_t)\\) for all \\(s\\). The explicit formula for \\(P (M_s \\geq a\\), \\(B_t \\leq z)\\), \\(s \\leq t\\), is used to study the joint distribution of \\((M_s^{(1)}, B_t^{(2)})\\) for the so-called ``correlated Brownian motion \\((B_t^{(1)}, B_t^{(2)})\\) in the plane'' defined as  \\[ B_t^{(1)} = \\sigma_1 W_t^{(1)} + \\mu_1 t, \\quad B_t^{(2)} = \\sigma_2 (\\rho W_t^{(1)} + \\sqrt {1 - \\rho^2} W_t^{(2)}) + \\mu_2 t, \\]  where \\(W_t^{(1)}, W_t^{(2)}\\) are independent standard Brownian motions, \\(M_s^{(1)} = \\sup_{0\\leq u\\leq s}B_u^{(1)}\\). These distributions are applied to study the price barrier options. 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