Evening star., 1915-11-24
new YORK STOCK LIST
VERY DULL, BUT FIRM
Specialties in the Industrial Group
Develop the Best Strength on
Light Trading.
Westinghouse Electric, Texas Oil and
Cuban Sugar Make Goodly Gains.
Rails Continue Very Slow.

NEW YORK, November 24.-Unques-
stock market was the increasing dull
ness.
Following the custom of practically
every opening hour for a week, stocks
were very strong and higher early. re-
acting. as rule. midway in the second
hour and thereafter showing but little
life.
There was more strength in the mar
ket than hight have been expected
from the action. The undertone is good
and the feeling is that the rally can
not he delayed much longer.
Money is too plentiful for any reac-
tion beyond present levels of material
Importance.
According to the gossips on the
street. supposedly from inside sources,
the next advance is to be under the
leadership of one of the best favoriteS
among the industrials. Westinghouse
Electric. busy as capacity can be In the
nlllng of actual war orders and with
large earnings in sight.
The oil shares are acting especially
well; indeed. they have been moving.
under the leadership of Texas Oil, to
higher prices for some days past.
Motor shares have had a generous re-
action and while they will never conf
mand the following that they once had
they may be TO the fore If dividend an
nouncementS are as expected
Traders Chafe at Slow Market.
The directors of the Crucible Steel
Company yesterday restored the pre-
ferred dividend which had been passed
some months ago. The effect was to
bring a sharp rise in the preferred
rnl-e a
strengthening of the common.
Yesterdays transactions in Steel com
mon were but 21,S00 shares. practically
nothing for this great speculative lead
er. and the impression is therefore
created that the stock is sold to
standstil; that foreign liquidation in
it has about ceased, and that the Anglo
French bond syndicate has disposed Of
the greater part of its Steel holdings.
acquired when it was deemed neces-
sary that support be given to the list
to help the success of the f1ve-hundred-
million dollar loan.
Traders generally chafe at the slow
action in the market. and many oper-
ators are leaving for weekend outings
rather than watch such limited opera
tions.
This is the season Of the year for
slow markets; records of the past dem
onstrate the Thanksgiving slowness
and the subsequent dressing of win
Rails Neglected Again.
The rails were just as neglected as
ever. but few sales being reported.
At the same time there was no pres
sure to sell on any stock in the group
other than New Haven. which was de-
cidedly soft. with l L points net loss.
The slowness in the rails. the in
ri of SpecIIlat frafernif =
to their action and the inability to in
spire interest in their movements is SO
apparent that they could not be made
leaders of any bull movement.
OF the specialties that developed ma
terial strength this morning Texas
Oil came to the fore with d rise to 210,
after temporary weakness, when the
stock sold to 1873. The high was a new
record
Cuban-American Sugar added S%
points to its price, making a new high
at $50.
United Fruit rose points and Cruci-
BILE Steel preferred on dividend pay
ment 314 points.
Most of Minors Hold Their Own.
Baldwin Locomotive rose ] * and lost
the gain and a point additional; Max
we'll Motors was J. Off Studebaker,
little better than nominal at 155l., a
fractional advance.
Westinghouse rose ia to 69s/ al
though it sold to 20. but did not re-
main there Industrial Alcohol was a
point higher, and Crucible Steel X
lower.
Mexican Petroleum was firm at Il
betterment; California Petroleum z
higher, while Distillers was weak at
u net loss.
Most of the minor industrials held
their own. but not much more
Improves a Little in Strength.
In the early hours of the afternoon
the market improved little in
strength, but the movement was as
slow and stately as in the morning
Texas Oil made new high at 212 and
some other industrials made fractional
advance, while Norfolk and Western, in
the rails, gained a fraction.