Evening star., 1924-12-14
STOCKS MAKE UP
|N|DWEEk LOSSES
Saturday Advances Range
From Fractions to More
Than Eight Points.
OILS SHOW NEW VITALITY
B. & o. and Southern Amsns
Rails, Motors and Public It'll.
tiles Scoring Gains.
OILS SHOW NEW VITALITY
By the Associated Press.

NEW YORK, December 1s.-Ihs
stock market closed tho week with
. strong undertone. With the ad4
yances Of the day, which ran from
fractions to nearly Sh points, the
market regained most Of the grvund
lost during the sharp reaction In
midweek.
Thirty-1ve Issues. including eight
motors and accessories, seven rails
and seven public utilities. created
now maximum quotations for the
year. The list included practically,
aii OF the Van Sweringen stocks
which made q further favorable re-
sponse to the Erie directors approval
OF the Nickel Plate lease, and such
and Maxwell motors, Internauoaas
Telephone, West Penn Power. Tel
Autograph, American Car and Foun-
dry, American Radiator. Continental
Can, Chicago Pneumatic Tool, Iron
Products. United Drug. Great West
srn Sugar, Slmons Co.. Armour OF
Delaware preferred. Fisher Body.
Baltimore and Ohio and Southern
Railway:
ofis sh>w More vitality.
Oh shares. which have been lag
Ging behind the general list since
last Spring. showed more vitality on
publication Of estimates Of O suhstan-
eiai decline in the weeks production
Of crude OIL Aariand. Standard Oil
Of California, Houston. Pacific ana
Pan American 3 closed to az points
higher, while several others gained &
point or more.
Standard industriais showed little
change on the day. United States
Steel common closing unchanged at
117h and Baldwin and American
1~1 1%AN NN vt~F
pers hardened in reflection Of rising
prices for the red metal. Some OF
the most violent builish demonstra-
tions took place In the public uttl-
tiles. West Penn Power and FED.
eral Light and Traction closing
at net gains Of and points. re-
speetiveIy. American Express Jump
ed sss..
Foreign Exchange stfRens.
Foreign exchanges stiffened per
ceptibIy, with Spanish peseeas de-
veioping marked strength, touching
q new top price OF the year at 49,
cents. q net OF points on the day
and 50 on the week. Buying Of this
currency Is said to DO for the &C.
count OF spectators who went short
when the Moroccan troubles we're
at their height, and had not revi-
ousiy covered.
Demand sterling ruled about q Of a
cent higher around s4.ssx and French
francs were quoted around s& cents.
The weekly clearing house state
nent showed mixed changes. ioans.
discounts and investments dropped
$72,5S3,Do0 below the week before;
cash In own raiuts increased $3,ESi,-
oo6; the reserve of member banks in
the Federal Reserve Bank gained
sss.o1s.ooo; net demand deposits
dropped s14.sss. 900. and time deposits
fell of ss,ssI.ooo. Aggregate re-
excess reserves Of s71.ozs,7sos an III
crease Of 3ss.Ses.2se.
Wall Street Features.
NEW YORK. December lathe
10th anniversary OF the resumption
Of trading on the New York Stock
Exchange. after being closed four.
and-oue-half months by the var,
brought interesting comparisons OF
stock prices. On Saturday, December
IL, 1914, the market was active ard
strong" Eishty-seven issues were
traded In to the extent OF ll2.ovo
shares United States Steel common
sold at Is, about $40 share under
today's quotation. American Can. a
six.point gain to 25x. 1t Is $40 "
share higher today. Rock Island
common, selling today around IS, ~
years ago was quoted at 1ss South
ern Railway. then selling at l6, Is
now q dividend payer around "a.
Years Bigsest Dfvidend Day.
Next Monday will be the biggeSl
dividend day OF the year. with 275
stocks selling extra dividend. Tho
more important listed on the New
York Stock Exchange include Adams
Express. Advance Rumely. American
Car and Foundry. Coco Cola, FTeisch-
mann. Great Western Sugar. Gulf
States Steel. Kresge, Mack Truck. Pa
CLIO Oil, Phillips Petroleum, Pere
Marouette, Reynolds spring, United
Cigar Stores. youngstown Sheet and
Tube, p. Lorillard, Hudson Motor
Company, International Business Ma
chine, CuyameI Fruit, Simmons Pc
troleum, StromberS Carburetog and
Atlantic Coast Line. @
Rsiiin1 Mill Votes Dividend.
American Rolling Mills Compar@
today declared a dividend Of soc OF
the common stock. payable January
Is, and the regularly quarterly DIV
!dend Of IL per cent on the pre-
ferred- -. -..- ---.. .. -.....
Earnings Of the Armour Company
for the current year are expected to
be about 5000. 900 above preferred
dividend requirements. which is
equivalent to about 81 q share on the
2,ooi.a4s shares Of e26 par value COM
mon stock now outstanding. - -
COTTON SELLS LOWER