Evening star., 1924-10-26
STOCKS TURN DOWN
ON BRIEF SESSION
Bear Raids and Week End
Profit Taking Cause Losses
Up to 3 Points.
kRESGE IN SHARP RISE
Other Merchandising Issues in
Good Demand-Motor Shares
Under Pressure.
BY the Associated Press.


NEW YORK, October 25.-Heavy
week end profit taking, accelerated
by bear attacks against a few vul-
nerable issues, turned the course OF
prices downward in todays brief ses-
sion of the market after an early
advance. which was particularly
brisk in the low-priced rails
Net losses in the active industrial
issues ranged from small fractions tc
nearly three points. Bear pressure
cenered on American Wooden, which
was driven down to within a small
fraction of the years low at 81 Il
but it rallied later to 52A, off g
on the day. The preferred touched =
new minimum price at 80.
Rail shares Advance.
New 1924 peak prices in the rail
road group were established by
Frisco common. Chicago and Eastern
Illinois. Kansas City Southern and
Gulf, Mobile and Northern preferred.
St Paul preferred was heavily bought
just before the close, rising about
two points. Heaviness cropped out
however, in Atchison, Iackawanna
and Union Pacific.
Merchandising issues continued ir
good demand with buying Influenced
by reports of increased sales Man
haitian Shirt, one of the most active
issues in this group. sold IA points
higher at SO. Brown Shoe broke
through it's previous high and 5. 5
Kresge scored Is points advance a.
43I woolworth fell back on realiz-
ing sales.
Iron Pipe at Years High.
United States Cast Iron Pipe was
run up to n new years high at 1lT12
but reacted two points on proflt-tak-
closed small loss
FIeischmann and Simmons Company
also sold at their best prices OF the
year.
Motor issues came under the range
of professional fire. Mack Trucks
yielded 1S points to 80; Maxwell
"A" ! Il points to IS "a, and Nash Mo-
tors, / +, to 152. General Electric was
one of the conspicuously heavy spots
in the industrial list which was given
d decidedly irregular appearance by
the pressure exerted against special
issues. That stock was forced down
almost 3 points to 250l2, while losses
of 1 to points also were registered
by General American Tank Car, Cen
eral Baking, International Harvester
and St. Josephs Lead.
Trading in foreign exchanges was
without particular interest
Wall Street Briefs.
NEW YORK, October 25.-The Ford
Motor Company ssld more cars and
trucks in the United States during
the first nine months of the year than
in any previous corresponding period,
the total of 1.500,905 being an in
crease of IL per cent over the 1928
record Stocks in dealers hands are
lower than at any time since Novem-
ber, 1923, due to excess of sales over
production in 1924. Sales of Lincoln
cars were % per cent larger than a
year ago.
Pere Marquette's September net
operating income increased to $685.
S24 from S553,179 the same month
last year, while gross revenues fell to
s3,666,267 from s4,052996. For the
nine months, surplus after fixed
charges was s3.304,6O1, against s3,-
631,031.
Yellow Cabs Earnings.
Net profit of s2.341,121 reported for
the nine months of 1924 by the Yel-
low Cab Manufacturing Co. is equal,
after dividend requirements on the
"A' stock, to 1884 a share on the "B"
stock, against s3,OS3,S25. or s50S a
share, in the. previous corresponding
period.
Gross earnings of the United States
Distributing Corporation in the nine
months of 1924 amounted to s29,-
S79,2S7 and net income to s65S, 49,
equal, after preferred dividends, to
S4.67 a share on the common The
third quarters gross of ss,466,959 and
net of S274,966 were the best in The
corporations history.