Evening star., 1923-09-11
new YORK central.
MARKET FEATURE
Individual Issues Pushed
Higher, But Trading for
Day Is Irregular.
BY STUART p. WEST.

et ecial Dispatch TO The Star.
NEW YORK, September 1t.--If the
up-bidding OF several individual is
sues on the stock exchange today
was designed to stimulate a greater
interest in market operations and to
encourage a larger number of cliques
to carry on in special issues, it fell
short of its mark
The general list maintained firm
undertone, and further attempts to
depress prices were scattered, but the
volume of business was disappoint-
ing TO the many who had hoped for
something more than a short-lived
squirt in the cop9ers, a continuance of
the advance in a few speculative in
dus1rials and sporadic gains in the
railway list, as the result of the I'M
provement in the outside situation.
New York Central Active.
The heavy buying of New York
Central was the outstanding incident
From the outset New York Central
was in demand at and above 102. The
opinion was expressed that profits de-
rived from recent operations in few
speculative favorites had been put
into New York Central, with the idea
of making it the leader. At any rate
financing position are recognized as
unusually strong and keeps the stock
among the best seasoned railway is
sues. The coppers continued to re-
spond to the idea that any settlement
of s. the Ruhr troubles and of the
reparations question would enable
GermaSly to come into the copper
market and thereby swell the demand
for copper metal.
The metal market itself today was
scarcely changed. but stocks of such
companies as Anaconda, Utah. henne.
cott. American. Cerro de Pasco and
Chile all were selling above their low
points of Monday.
Spc-iaItics Draw Attention.
A number of speciality moves at
tracted some attention. Cluett Pea
body, getting to it's highest of the
current movement on earnings talk
was one of these. Continental Car
and American Can continued promi-
nent, with heavier buying in the latter
than on Monday. The sugars made
only moderate response to the hlShei
quotations on raw and refined sugar
The stock market paid more at
tention to domestic consldera tlons
and returned to the irregularity
which characterized the largely pro-
fessional operations of last week.
However. the improved foreign politi-
cal conditions continued to make
themselves felt in at least one group
the coppers-which, in some in
stances. added to the advances they
scored Monday.
Prospects for corn crop of S,076.-
100000 bushels. All increase of pa
100000 from the forecast of last
month, exerted an influence in the
laiis and appaI Iently courterba
anced the decrease of tonnage tndf-
Gated from the falling off in wheat
condition.
Considerable wheat is being held
back from shipments throughout the
west and northwest, but railroad men
believe this simply means delay and
not a loss of agricultural tonnage.
They consider the situation favora BILE
for a large movement Of goods this
fall.
Advances in the price OF raw and
refined sugar stimulated interest In
the stocks of sugar companies. These
advances were forecast last week by
the jump in the price of beet sugar
the 1923 yield of which is just begin
ming to come on the market in Cali
fornia. These advances are taken TO
indicate revival of trade demand.
Individual consumption of sugar in
the United States has fallen off rap
idly this year. Stocks of jobbers and
retailers have been extremely low,
however, and it is believed that de-
mand has now necessitated the re-
plenishing OF those supplies