Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-28
WALL STREET LIST
Strong At CLOSE
Higher Stock Prices Rule on
Exchange Throughout
Today's Session.
BN STUART +. WEST.

NEW YORK. December Higher
rices We're the rule ON the Stock EN-
hau&c throughout the session today
'acifc oil maintained its place ot
prominence right up To the close and
Rrricd with it the other oil shares
nitcd States Steel common hft Oft
Town quite . hit from its high of the
orcnoon and some of the other active
'aderS felt the effect Of protit-tdlllng
t Ghe close.
Pacific oil rose with considerable VIC
AnCe ON the holiday announcement
hat the company was going To merge
18th the Standard Oil of California.
;cports To this effect had been cur
ant last week. hut Wall Street show
that it was 10y no means prepared
1r the news when il came.
Pacific oil l. strong.
The Pacific Oil Jump. which ut one
me- amounted to more than )
oinls. started speculation going
gain actively in other oils. There
a. IL lot OF talk about the oil mergers
; come. Texas co. went up more
IAN point. Pare oil nearly - point.
encraI Petroleum. Sinclair and Union
ii of California more than a point.
There were new hi@hS i'm American
melting. Federal Mining ANA Smelt-
~ common and preferred. the
UruS Bros issues. Standard Milling,
eueral Cigar. National Tea, which
lot mp over H. points, National
uameiing ana Stamping. continental
an. Loose Niles. Postum cereal and
eyue and Eayuoids Among the
lis New York Central and Chicago
orthWcStorn heItered heir previous
ps tor the wear Atchisou WAS strong
II a time.
Steel Common Active.
United states Steel common was
lite a feature for a while. as it pass
[ the 1871 level again. other mem
rs Of the steel group Mere generally
sher-StoCks Ike Republic Iron and
eel Bethlehem and Youngstown
leet and Tube. But the market for
le steels was stlll being held back
doubts over the price situation.
Among the stocks particularly af-
cted by the outlook for settlement
tie hard coal strike We're Philadel-
lia and Reading. This stock went
sharply. Buffalo ana Su>quchanna
AIDE a new low - it reached 20.
muug high priced industrials there
as the familiar brisk unfolding in
ockS like kreSgo United States
aait%. United States cast Iron Pipe
ID United Drug.
The selling in the BarnSdaIl issues
as concentrated on Barnsdall "A
ming the greater part OF the time.
his WAS directly due to the fact that
10 company proposed 10 increase the
mount Of the a" stock from
20 600 10 600 900 shares. An in
ease from 400 coo 10 3.0Oo 900 shares
the b stock is also contemplated.
rradinG began on the Stock EX-
hanGc today in the cumon stock OF
hristio, Brown < GO. tthe National
Biscuit Of Canada. There are 105,-
40 shares Of no par common. of which
My I1.434 are outstanding, the re-
laindar being held for conversion of
,1N7 shares Of : per cent cumulative
referred on a basis of three shares
f common for each of preferred The
,nlr bonded Indebtedness is an issue
f s 900 900 per cent first mortgage
,ondS due in 1888. AS of September
o last. the company's net quick as
cts we're S125.2S6 and total net
aHGible assets after deducting all
liabilities, including the first mortgage
onds. We're SlS44. sos Dividends are
INJECTED to be inaugurated early in
1925.
High Money Overlooked
Again no attention was paid to the
per cent call money renewal This
occurred despite the increase in the
Tearing house bank surplus reported