Evening star., 1924-11-19
HEAVY REALIZING
IN FINAL TRADING
Transactions Break All Re-
cent Records as New High
Levels Are Touched.
BY STUART y. WEST.

Special Dispatch to The Star.
NEW YORK, November 19.-Trad-
ing continued at lively pace on the
stock exchange today, but the price
movement was more fixed than 1t had
been on the previous day. This was
due to the widespread disposition TO
take profits which had been sub
stantially increased in Tuesdays ad-
vance At the same time, many ac-
tive stocks reached new high prices,
and the general price average touch-
ed a fresh top level.
The stock ticker was considerably
behind much of the time because OF
the enormous volume of business. The
way stocks acted today 1T was eVi-
dent that many people were lhiu
enced by the extent of the advance
in the short time since the elections
to sell out lines of long stock in fear
of a sharp reaction and in the hope or
repurcha sing at lower levels.
Heavy Selling in steel.
There was heavy realizing in United
States Steel most of the day, which
kept the stock down. American Can was
one of the star performers. with an
early advance of 3 points, which was
later added to. Baldwin Locomotive
above t21, where it was up over
points. was a feature. So was Pull
man.
Profit taking made itself felt in
United States Industrial Alcohol. and
particularly in General Electric. The
latter stock was breaking quite
sharply, while other things We're
strongest.
The movement in the railway group
was a good deal mixed, but on the
whole the buying wave predom-
mated. In view of the discussion
of a new combination involving
Wabash, the heavy. buying of the
common stock above 90 for the first
time looked to be significant. ST.
Louis-San Francisco reached a new
high above SO early in the day, but was
perSistently sold in the later trading
Its place was taken by st. Louis
Southwestern common. which also is
reported to be earning at least SO
q share and which similarly is in
line for dividends. This stock crossed
so, thus excelling all previous high
records.
Southern Railway Up.
Southern Railway was another
which made new top. at 76, and
Rock Island was another. Missouri
Pacific common was carried across
%. Texas and Pacific and Western
Pacific also pushed into new high
ground and so did Chicago Great
Western Z, eferred.
The Northwestern rails continued
their advance on the theory that res
toration of dividends might in some
cases be looked for. Great Northern
preferred was in active demand
above II. and Northern Pacific above
20. The st. Paul stocks were bought
on encouraging advance information
regarding the October earnings state
ment.
Motor Stocks Among Leaders.
The motor stocks figured among
the leaders, with further sharp upbid-
ding in Maxwell Motors B and in
Wiilys-Overland preferred. Stude-
baker rose point TO AZ and Hudson
touched so. General Motors and du
Pont went along more moderately.
Sears Roebuck and Montgomery
Ward kept on forging ahead, and the
merchandising stocks-May Depart
ment, Associated Dry Goods and
Woolworth-were all very strong.
Realizing Gales showed in Radio Cor
poration. There was a notable re-
Tiyal of interest in Replogle Steel,
with large transactions around 16, as
against the previous close of f51s.
Wall Street Features.
Studebaker finally got UP to it's old
high for tht. year where it met quite
bit of selling. In spite of the poor
results for the third quarter, when
only S1.05 a share was reported on
the common. the full years net in
come is expected to be in excess of
81 share.
Baldwin Locomotive appeared in
better demand as it crossed the 1867
level, and. as the selling just below
127 was absorbed, 1t pushed across
that figure. The directors meet to-
morrow for dividends
Th.. buying in Schloss- Sheffield was
Il reflection of the generally favor
able position of the company. Sloss
is earning at the rate of approXi-
matcly $3.50 a share on the common
stock and pays Sc in dividends. 1t is
strong in cash.
Mallinsou Silk made another new
high, getting UP around SO as COM
pared with the previous days final of
81. 1t was announced that the business
booked by the company since the
elections was the largest for any
similar period.