, 1925-02-24
AND QUOTATIONS BY LEASED w1R
|RREGULAR|TY
IN STOCY MART
Main Trend Upward in
Continuation of Trading
On Exchange.

NEW YORK, Feb. z4.-Marking
UP the call money rate to five per
cent coincident with the heavy call.
ing Of loans 10 make up a temporary
deficit in New York bank reserves.
checked upward trend of prices in
today's stock market. Extensive
accumulation of the stocks earlier
in the day was based on favorable
week end trade advices. Total sales
Appropriated 1.25o.ooo shares.
NEW YORK, Feb. 24.-Resump.
ton Of stock trading after the holt
day was attended by some irregu-
iarity although the main trend OF
prices appeared to be upward.
Equipment issues continued their
rise under the leadership OF America
and Baldwin Locomotive and South
western Rails shares were fraction
ally higher. Kresge Department
Stores jumped az points.
Persistent rumors that the Amer
lean Locomotive devidend would be
increased at the next meeting lifted
that stock 2% points to a new high
record at 1914, and stimulated trad
Ing in the other equipments, in
Guiding Pullman. American Car and
Foundrey and Baldwin. Standard
dividend paying rails were in de-
mand. Atchison. Southern Railway,
Louisville and Nashville and Chesa.
peake and Ohio scoring gains Of a
point of so. Buying OF Various in.
dustrials and s~peciaities brought adj
vances of n to 2hpoints in Radio,
Loose Wiles Biscuit, Republic Steel.
Central Leather and Maxwell Mo.
tors "B.' Bethlehem Steel. however,
fell back IL points and Texas Paci.
fc a point. Foreign exchanges
opened irregular.
Marking up OF the renewal rate
for call money to az per sent failed
to halt the rising tide OF prices al
though isolated heavy spots cropped
out. With carloadings being main
tained at seasonable record levels
and progress reported in the negoti-
atoms of several railroad mergers,
there was a brisk demand for the
carrier issues. New Haven touched
35S, the highest price since 1922
and Atchison, Nickel Plate and
Western Pacific. also recorded sub
stantial gains. Equipments respond
ed to the announcement Of large
orders by several railroads. Amer
lean Locomotive, and American car
and Foundry each extending their
early gains to Az points by touching
record prices of 131h, and 20s1s
respectively Gains OF 3is TO Az
points also were recorded by Kresge
Department Stores, Loose Wifes and
Savage Arms, while Air Reduction,
American Can, Baldwin, u. s Cast
Iron Pipe and Radio Corporation
were among the many issues to sell
closing quotations.
Various stocks moved up brfskly
after midday. with pool operations
evident in the pronounced rise in
several s~pecialties. before the entire
list turned downward on the further
advance In call money to ~ per
cent. Famoue Players and worthing-
ton Pump were particularly weak.
following 2ia and . points respective
ly under Saturdays closing. Recess
sions from the early tops a from
1 to 2 points in many instances. es-
pecially in the equipment group.
The closing was irregular. Mixed
price movements developed In the
latc trading, Radio Corporation and
the so-called Van Swerlngen railroad
stocks. rising briskly. while weak
ness cropped out in Baldwin, Mack
Truck. Texas and Pacific and other
popular industrials and rails.