Evening star., 1924-12-29
.'1EC|ALTY MOVES
EXTREMELY WILD
'io'ent Advances in Many
Issues as Steel Common
Reaches 121 Level.
By STUART p. WEST.

al Dispatch to The Star.
w YORK. December 29.-Al-
ugh many stocks today rose to
~ high prices, and the market gen.
.T " was given an appearance OF
ngth, the movement was quite
yular, and selling in a number of
'> recent speculative favorites was
riHoient to unsettle a good part OF
list. This, however. did not take
from the fact that United States
lei common. selling at fresh top
md the 121 level, led some of the
"pendents to their best prices; that
coppers established new records
the current upward movement
that numerous specialties were
.-shed up boldly.
Speciality Moves Violent.
me of the speciality moves were
emely violent There was a spec
liar jump in Fisher Body, which,
ng TO the scarcity of the floating
,ly. was easy TO bid up. Interna-
al Paper at 90 was up nearly
ats. Radio Corporation on top of
weeks advance OF points, gain
another .. Famous Players reach
. a new high of 81 on the announce
ut that bank loans had been liqui-
ed and the the company had
sh surplus of s2.50O.000 on hand.
st of the rubber and tire shares
I better. with United States Rubber
over point. with Fisk preferred
ling close to it's high and with the
almon around Is. Crossing II West
house surpa ssed its previous high.
l General Electric provided another
,,.asation around the 500 level.
Oil Stocks Irregular.
The oil stocks did not by any means
spve as a unit. A remark able up
Ern in Simms Petroleum, which at
Sc time was up 3 points, was evil
ntly based on special considera-
pnS. The advance in Atlantic Re-
ling was also not at all typical OF
nat was going on elsewhere. Such
ocks as Phillips Petroleum, Pacific
il, Marland and Sinclair simply re-
lSed TO be affected either by the eX-
tement in other quarters of the
arket or by the improved feeling in
= oil trade as attested by Satur-
;y's advance in crude oil quotations.
Heavy Selling In Steel.
-nited States Steel common ran into
avy selling as ii reached its new
gh of 121. Republic Iron and Steel.
nearly 8 points. was the feature OF
e independents, but its rise was not
itated TO any such extent by other
1cks i'm its class There was plenty
Bethlehem Steel for sale between
'1a and 81, and the rise in Gulf
ltes, in Sloss Sheffield and in Cruel
was comparatively moderate.
,dlum Steel at one time was up
arly a point
The advance in the coppers -ap-
ared to be at least temporarily
acked. not, however, until most of
1m had sold somewhat higher than
sir previous tops. Cerre de Pasco,
RiCh at one stage was up a point;
lie. Anaconda. above As; Kennecott
d Ray Consolidated all bettered
air previous tops for 1924. Later on
ese gains were lost, and the real
lg in Kennecott especially was
,ite active.
Hallway Shares Quiet.
Railway shares did little. with the
ception of Wabash a." on which a
idend is expected early in the
W year. Chesapeake and Ohio also
IS strong, but in most of the others
lliZing more than held level with
W buying. There was sharp
"ak in American Locomotive, which
d had such a spectacular rise last
ek, and General Motors and Stude-
Ier were freely sold
)wens Bottle was characterized as
lother Continental Can" in quar-
) which favored the stock today.
iere the stock was selling it netted
trly 6i2 per cent. Owens Bottle
paid regular dividends for II
lrs and in the last u, 29S per cent
stock dividends, "a per cent in ex-
cash disbursements and 8 per cent
Liberty bond distributions.
simms Petroleum Mt New Top.
iimms Petroleum sold at it's high
for the year, approximately three
.nts above the Saturday final, on
Ssip that strong financial interests
iich have been identified with the
npany were paying more atten-
n to the market for the stock.
.ums' production has been increased
acquisition of territory in the Smack
-r field.
fhe high selling prices and great
tivity in Radio Corporation stock
re in further response to its un-
ually favorable position.
International Paper made further
sponse to the report that construc-
developments Will be announced
January.