The Birmingham age-herald., 1924-06-21
STOCKS MARKED
 BY UNEVENNESS
New 1924 High And Low Records Established tN.
 Simultaneously

NEW YORK, June s20.-Uneven price movements characterized today's stock market which witnessed. new 1924 high and low records being es- Tablished simultaneously in different sections of the list, but net gains ex- ceeded net losses at the close. Strength of public utilities and industrial spe- cialties was one of the outstanding developments of the days trading, which again fell short of the million share mark.
 Bullish demonstrations ih the Ameri- can Waterworks issues was one of the days features, the common being run up 11A points to new peak for the year at 8S1a, and then slipping back to S55. The six per cent preferred clos ed at 94 after having touched 95%. West Penn Power, subsidiary, closed at 6974 for net gain of 3% points.
 Recent accumulation of the public utilities has been based on progress sive increase in earnings by most of the larger companies. Other stocks in this group which developed marked strength included United Railways in-
 
 and Virginia Railway and Power all up 212 points or more. eGood buying again cropped out in the rails, which were featured by a point gain in Erie common to 291, the highest price since 1917. Southern rail- way touched 60% the highest in all, time, while Southern Pacific and Pitts burg and West Virginia sold at their nf lao
 With the exception Uf Baldwin, which showed a nominal gain, all the Nso-called pivotal stocks closed slightly lower, U.> $. Steel comm0h again fall ing below 97. #I
 Sterength of some of sthe industrial specialties suggested pool operations. Schulte stores was pushed up more than four points to 1161a, the years best price on reports that negotiations had been resumed for a lease of the United Cigar Stores by that company. Mathieson Alkali was bid up vigorous ly on rumors that contracts for it's new, refining process had been placed with some of the large oil companies. Other individual strong spots included American Ice; Houston Oil, Interna- tional Business Machines, National Lead, Park and Tilford and Iron Prod uets; all up about two to four points.
 Atlantic refined recovered two points of its recent loss but the other oils were inclined to heaviness on reports that the department of justice was ready to consider the federal trade commissions allegations of profiteering in gasoline. Kelly Springfield common touched an- other extreme new low record at 9%, but the other rubbers held relatively firm in the face of further price cuts. Colorado Fuel, General Electric, U. S. Cast Iron Pipe and Dapison Chemical fell back on realizing.
 Call money renewed at 2 per cent for the ninth successive day, holding st that figure on the stock exchange al. though outside loans'' were reported at 11s and 13l. Time loans were easier. loans up to 90 days being avail able at 5 per cent, while the longer dates ranged from 31l to 3%. Com mercial paper rates were unchanged.
 Foreign exchanges held firm in fea- tareless trading. Demand sterling ruled slightly above 4.33 and French frapes were again qlaoted around 53s cents. Brazilian milreis jumped about 30 points to Il cents on talk of new financing.
 Stock market A ayera qes.5