Evening star., 1925-06-08
MOVES ARE MIXED
IN STOCK MARKET
About rs Issues Hit High
Marks of Year, While
Others Tumble Sharply.
BY STUART p. WEST.

Special Dispatch TO The Star.
4 NEW YORK, June S.-The oil
shares continued the leaders of the
astock market today, although the
gains in this quarter were only mod
5erate. There were a number OF fea-
lures among industrial specialties,
E4some of which rose to fresh tops for
Z the year.
< Large buying orders appeared early
IN Pan-American B, but the stock re-
s.acted later. Houston OIL had the
E;iargest gain of any of the group, get
sting up nearly points. Texas Com
tpany made a new high record, Pure
Oil was heavily dealt in at 80, and
,iMarlapd Oil at A. Phillips Petroleum
most of the time was quoted just
ssbove As. Independent Oil and Gas,
which had closed Saturday at 81 u /,
made a rather impressive show
.;sround 80.
= Rubbers. and Tires Sold.
3, Rubber and tire shares, which had
beer sach feature at the close of the
week, were influenced by profit taking
sales later in the day. But before this
selling became effective United States
Rubber common and first preferred,
Fisk Rubber common and first pre-
ferred and Kelly-Springfield per
cent had made new highs.
In the m.tor section Dodge Broth
ers preferred sold above 80 for the
first time, and Pierce-Arrow common
and preferred bettered their previous
high figures for the year. Gardner
Motor ran up over point. Realizing
sales appeared in Chandler, natural
enough after it's sharp upturn late
last week.
Steel Under Pressure.
y~l, ;v,
active, moving within a small radius
around ia. Independent steel shares
were again under pressure. Gulf
states sold off 2 points. and Bethlehem
was quoted around it's low of 81. Re-
public Iron and Steel dropped off over
a point. The market for the stock
continued to think about the earnings
reports for the second quarter. :,
Havana Electric jumped up sensa-
tionally, and International Telephone
and Telegraph. rallied vigorously after
having sold below 10. There was
also consistent support of American
Water Works, and Electric Power pre-
ferred appeared in the list of the
new highs"
20 Stocks at New Highs.
Some 20 stocks sold above anything
previously recorded for the year.
southern, Delaware, Lackawanna and
Westerner; Cushmans Sons, American
Tobacco. preferred, and Mid Cont
nent Petroleum. ---~
Sharp declines occurred in Ameri
can Can, Baldwin Locomotive, Cen
eral Electric, Cast Iron Pipe, Interna-
tional Paper, Union Bag and Paper,
United States Alcohol, Western
Union, Radio Corporation and Mon
-
result of selling to secure speculative
profits.
Norfolk Southern in Run.Up.
Norfolk Southern ran up sharply
to a new high, and thereby revived
rumors regarding the control OF the
road. Interest in this carrier has
been enlivened in recent months by
The developments that have occurred,
and now the Street is talking about
its passing into the Southern Railway
system or into the Pennsylvania The
purchase by Earnest Williams of the
Perry stock, amounting to $4,000
shares, was an incident which came
in for a good deal of attention.
Another was the report that the cleo
trio division was to go into the hands
'slsslsluI Asu 10
Chandler Motor Turns Active.
More attention was paid to .Chand-
Ter among the automobile shares to.
day. 1t was pointed out that the
market so far this year in Chand.
Ter has been~siuggish and that the
recent increase in activity in this issle
had been taking account of the i'm
provement in earnings. 1t was re-
ported that the annual SO dividend
had been more than earned since
January l and that the outlook for