, 1925-01-05
AND QUOTATIONS BIZ LEASED WIRE
FLUCTUAT|ON| IN
MARKET PRICES
Trading Irregular With Oil
and Motor Issues Hav-
ing Best Tone

NEW YORK, Jan. 5.=Stock sales
sagged to lower levels In today's
active session. Heavy selling for
both accounts caused prices 20
tumble soon after the opening but
they pointed upward around noon
when a brisk demand developed.
railroad shares, several OF which
sold at their highest prices in years.
Sharp breaks IN several Industrial
s~pecialties brought about renewed
selling OF tho general list v the late
trading. Sass approximated 2.25o,.
900.
Stock prices n~uctuatod ~uneveniy
az the opening OF today's market.
with fresh buying OF the motor and
oil issues c-ountoracted by heavy
profit taking In other stocks. WHY'S
Overland preferred jumped three
points and large blocks OF oil shares
were turned over at fractional ad.
vances. L. S. Steel duplicated last
weeks high Of 1851 Radio COM
mon was as points lower and Ameri.
can Can reached III.
Several stocks achieved the high,
est levels for the current rise. with
several OF last weeks favorites ex-
tending their gains. Manhattan
Electric Supply advanced three
points. American Bosch Magnetic
"a and General Electric and Jersey
Central two points each, Gains Of
a point or more were recorded by
Atchlson, Allis Chalmers. Timken
Roller Baering. California Petroleum
preferred. Westinghouse and Fed
eral Light and Traction, Radio
later rallied to 10. Realizing sales
however. continued to impart an
irregular tone to trading. United
states Steel yielded more than a
point from It's early high. Crucible
Steel fell two points and Dupont
three. Foreign exchanged were
regular. with sterling reaching its
highest postwar price at sl.76ia.
The general market turned re
dictionary before noon with heavy
selling reported by traders and in
vestors, who had become alarmed
at the speculative excessos In q
number OF issues last week. Beai
traders swelled the volume OF offer
ings. many issues reactlng one e
nearly i've points from their earilel
high levels. wostinghouso Electri,
sold AS points under Saturday,
closing quotations, American Car
and American Car and Foundr,
each dropped flour points, DuPon'
and U. s. INustriai Alcohol sH
each and GehArai Electric, Gull
States and Rcukbiic steels, Pull
man, Baldwin, San.Ameriean b
L. S. Cast Iron lipe and a foN
othors sold of twoeto three points
q. s. Steel oommqI was hammered
Town TO 121H. lIeavy buying II
New York Gentry which moved W
q TO 121as. a nE high on the move
ment. took pl1oo just before moor
but failed to have much immediate
effect on the rest OF the list. Cal
money opened Mt Az per cent. ant
then slipped back TO four. Tota
sales in the first hour approximate
nearly 675 900 shares.
Encouraged by tho demand fol
New York Central which rose L
12sA, buying orders were placed II
othor high grade railroad shares
Reading reached 79h, Louisvill,
and Nashville Ill and Illinois Cen
trail 11sM, all tho best figures ye'
touched in current movement. Bis
Four jumped 10 points to 1853
United States steel continued heavy
but n number OF the mercurai In
dustrials came up two to three
points from the low figures OF the
forenoon.
The closing was weak. Leading
industrials reacted to their lowest
levels of the day in the final hour.
q. g. Cast Iron Pipe broke oh points
and Radio corporation, General Elec.
trio and Bosch Magnetic dropped 5 to
fia nofnta