Evening star., 1924-08-25
TOCKS co LOWER
N TRADING TODAY
harp Declines in Some Is.
sues--ChandIer Weak.
Other Motors Gain.
BY STUART II. WEST.

"0r al Dispatch to The Star
E.W YORK, August 25.-Price
,nges in the stock market today
re very much mixed, further
lizing occurring in some direc-
ms, while new buying went on in
harS.
Nnother violent break in Colorado
E'Tel and Iron was one of the main
'idents. Below 81, the stock was
Wn II points from its recent high
had been put up from 80 to above
on enthusiastic predictions as te
e nat the oil discoveries on the com
ny's property would mean in the
v'"v of increased revenue.
This oil business was very much
"-'erplayed and Wall street believed
today that the pool had unloaded
I'd left the credulous following tC
get out the best it could. Certainly
there was no atte.npt at organized
support.
Chambers Motors Weak.
Chandler Motors was another weak
not. Its weakness was the more
ntable in view of the strength ir
he Maxwell Motors shares and the
"teadiness in other motors, such as
ierce Arrow, Hudson and Stude-
haker.
This suggested Il special reason for
the selling on Chandler. which al
me time was off nearly points
rom where it stood late last week
The reason was evidently the annual
scare staged just about this time
about the dividend. The margin
over requirements for the last few
Years has been pretty slim, but the
directors have always surprised the
:treet by voting the regular. During
he first six months of 1924 the divi-
lend was earned with a surplus over
ut this surplus was very slight. In
1928 Chandler earned only 1874 a
share, against the Sc paid out. The
next quarterly meeting is due in Sep
temher.
The smash in Colorado Fuel caused
uneasineSs among some of the other
stocks dependent on the pool sup
port There was quite a bit of sell
ing for time in Continental Can. in
Congoleum and in others of this type
Other Weak Spots.
American Ice fell rather sharply,
and so did Famous Players, on the de
crease in the six months report from
$662 earned last year to S4S2 this
year. Pools in certain other stocks,
however, showed that they had not
abandoned the field. One of these
pools was reporting operating in the
Maxwell Motors issues.
. Selling of the low-priced rails ap-
peared to be due to professional trad
ers at work on the short side realizing
that this class of stocks had recently
accumulated vulnerable long interest
Stop orders were caught on a large
scale in New Haven. Rock Island was
off points from its recent high
Earnings were not sufficient to justify
the late advance in this stock. The
advance in the st. Pauls was checked
partly by the absence of any confirma =
ton for Saturdays rumorS about new
interests buying in and partly on the
July tariffs statement showing a loss
of S1.600,000 in gross from d year ago.
Wilson Stocks Break.
Appointment of receiver for Wilson
and Company followed efforts to put
through a recapitalization plan salts
factory to bond holders and capable of
producing new capital. The market
was not entirely prepared for the news
the Wilson stocks breaking sharply.
International Cement's advance
accompanied unofficial reports that the
earnings for the third quarter would
exceed the June quarter results. The
improvement in the current quarter is
expected to surpass the progress noted
toward the end of the first half year.
Throughout the slow down in industry
the demand for building construction
materials held up relatively well.