Evening star., 1923-02-17
REALIZING SALES
SLOW Up STOCKS.
Market Closes Irregular
After Very Busy Two
Hour Session.
BIZ STUART p. WEST.


Special Dispatch to The Star.
NEW YORK, February lin the
stock market of today fresh buying
appeared in some sections OF the list.
but on the whole 1t was more than
outweighed by realizing sales COM
ing from the pool and trading ele-
ments which were reducing their
commitments, according to the ordin-
airy custom over the week end.
Copper shares responded to the in
crease In the price Of the metal with
a further small advance. which. how
ever was lost toward the END. Oii
shares were extremely mixed, Iexas
Company, Sinclair and Marland were
actively bought on the rise of mid
continent oil prices. California Pc
troleum was heavily sold.
Baldwin Touches 142.
Baldwin Locomotive made a new
high at l42 in the first hour, but later
more than relinquished \ the gain.
Steel shares did little and rails were
compa ratively neglected. Taking the
majority of the specialties the pools
seem dissatisfied with merely holding
prices steady without attempting
anything fresh on the side OF ad-
vance.
New interests which have recently
taken over the market end OF Iron
Products were able to put the stock
to Il new high. this probably on &C
count of the very good earnings OF
the company. Retail stores and the
Tobacco Products did better. Kelly
Springfield was the strongest or It's
group.
News boosts Market.
Tcdav's markets were once again
controlled pretty much by the char
acter of the domestic trade news.
Tho week end reviews of the busl-
ness situation were favorable, and
they were backed up by such con-
crete developments this morning as
another rise in the price of the cop
per metal to 153 cents pound, a
ten cent a barrel advance in crude
oil over all the midcontinent fields
and we'll defined reports that the
rubber and tire companies were plan
ming an immediate advance III their
schedules
ON the other hand. it was the close
of the week on the stock exchange. a
week OF rising prices, where large
profits had piled up in the hands of
many traders. This was considera
ton along with the magnitude OF the
recent upward movement that. 10
large extent. balanced the encouraS
ing trade reports.
Wall Street Features.
The oil and copper shares made
brief trading session to the further
advances in both crude oil and the
copper metal. Mid Continent crude
quotations were raised 10 cents a
barrel following the latest 2o-cent in
crease IL Pennsylvania grades.
The domestic oil stock, especially
Texas Company, Sinclair and Marland
did better. some of them reaching the
highest for the season. copper STOCKS
notably Kennecott. Ctah and cerre
de Pasco--rose a little, and although
none of them made much headWay.
the rise in some cases was sufficient
l" carry stocks just above their pre-
Nious top of the year.
Tire stocks Strong.
The tire stocks were strong in the
market today. An increase in tire
quotations WIS regarded as prob
ability over the week end. Just how
large an increase would be ordered, IT
was reported, was to be decided upon
later in the day. The rubber situa-
ton is such that most of the tire
manufacturing companies are in a
position to jump the prices of their
product.
The market for crude rubber, after
sink ing Speel a short time ago. has
'ome back over most of the ground
lost and is now selling around 81
cents.
The general list closed irregular.
Baldwin Locomotive was off nearly 2
mon hair point lower on the day.
Against this Anaconda was suddenly
taken up and pushed through fifty on
large transactions. This had stfmu-
lating effect upon other members of
the copper group.