Evening star., 1925-08-26
WALL STREET LIST
UNEVEN AT CLOSE
Bulls Fail to Restore Conf
dence After. Drop in
Several Issues.
BY STUART p. WEST.
al Dispatch TO The star.

Special Dispatch TO The star
NEW YORK, August 26.--A buyin:
wave in the steel shares under th'
lead OF United States Steel common
and in the railway equipments stimu
lated the price movement on tn
stock exchange today and stocks gen
orally turned strong. Early in th'
session there had been fully as man!
declines as advances and no trend IL
either direction Then, in the face o
bearish talk and an increase in thu
call money rate to 41a per cent fol
rhe first time in six weeks. the steel:
got urssar way.
Steel Common Jumps.
United States Steel common was a
the highest OF the current movement
and within Il few points of its top 70,
he year, established in January. TIL,
weekly trade reviews reported gains il
new business at the steel plants, but
said that the average level of prices
was at the lowest Of several weeks
This comment on the price situation
was no obstacle to those who were
bent on making demonstration il
the steels. today. The entire stee
group forged ahead and were more ac
tive and stronger than they had beer
in some time.
New high records for the year We're
made in Hudson and Manhattan. the
Scaboard Air Line issues. Certain-teeG
Products first preferred, Brown Shoe
Postum Cereal, United States Smelt
ing preferred, which was up about two
points; Eaton Axle. Chryster prefer
red. Emerson Brantingham preferred
Public Service Electric and Gas pre-
ferred, international Business Ma
chine and Reid Ice Cream
Other Strong Spots.
Other strong spots included United
States Realty and Improvement, Colo
rado Fuel and Iron. which was ir
demand even before the move in the
Steels began; WHY'S Overland, com
mon and preferred, which were par
ticular favoriteS in the motor group
Studebaker, Moon Motor, Mack Truck
Allis Chalmers. which has shown per
sistent strength; Kelsey Wheel, Inter
national Paper, Abitibi. Atlas Tack
South Porto Rico Sugar. Universal
Pipe and Radiator and Childs Co.
Chrysler Advance Halted.
Chrysler and White. which had big
advances in the recent trading, We're
under pressure much of the time
Chrysler fell off sharply below the lac
level, then rallied. Allied Chemica
underwent the same experience and
so did California Packing and Elec
tric Power and Light The oils, as a
rule, were lower. Chicago Pneumatic
Tool, Sears-Roebuck. Havana Elec
tric and United States Cast Iron Pipe
were all selling under Tuesdays final
prices. Chesapeake and Ohio and Bal.
timere and Ohio sagged oil.
Wall Street Features.
Y sudden revival Of interest in
Studebaker was an interesting develop
neut today. not because of the actual
changes in the price Of the stock, but
because for some time past Stude-
baker had been practically stationary
while other motor stocks were very
active. The company's business, re-
cent reports have shown is exception
ally good. 10
The bulk of the buying in New
Haven IS said to be coming from New
England, where the feeling toward the
company and the prospects has been
described as "aggre ssively optimistic -
Confidence in continued Improvement
in New Haven's business has been ex-
pressed recently by we'll informed
persons regarding the road.