Evening star., 1925-01-20
STOCKS Do BETTER
IN FINAL TRADING
Individual Issues Are Forced
Up in Last Hour-Many
Losses During Day.
BY STUART u. WEST.
to The star.

Special Dispatch to The star.
NEW YORK. January 20.-The re-
action on the Stock Exchange gained
further headway today, many active
stocks selling off sharply. The losses
from the recent highs in many in
stances We're very substantial. 1he[e
we're a few isolated cases where Ell
fectiye support was displayed, but TOT
The most mart the market was allowed
10 drift along on its own resources s.
Professional selling played a part.
However, it was quite evident th"t
many people were Wiling 10 tdhe
what was left of paper prohts on the
long side. At times the market was
dull. but the trend was still toward
lower prices.
HiEh-Priced Industrihis Break
The break was quite sharp in some
of the high priced industrlals ana IN
stocks of the specially class. zen
eral Electric. Cast Iron Pipe ana
American Can gave way raplulg One
the selling got into them. American
,|an dronned below 100 where it was
off nearly 10 points from it's recent
high. Bosch Magnetic around AZ, COM
nared with 54Ia on Saturday, Janu-
ary z the day on which speculative
Wall Street literally went on It's heau.
Westin ghouse Electric at was OIL
& points and Worthington Pump be-
low 81 was off II points from the Top
figures reached early in the month
One theory was that few STOCKS
like United States Steel and General
Majors had been powerfully sup
norted in order TO facilitate distribu-
tion elsewhere. In support OF TINS
theory was the fact that the motor
shares as a group had not followed
General Motors in it's rise to arounu
"a and that only one or two OF the
steel shares had been drawn ATOMS
by the advance in United states steer
across 126. Bethlehem Steel sou
close to so today, where II was up
very little from where it was selllng
r month ago. Republic Iron and steel
was off over points from It's top.
Mere Run-in of shorts
The rise in the St Pauls at Monday S
close turned out to be what had Deeh
fieured-merely a run-in OF ShortS- Inc
stocks and bonds both came down To-
dsy. New York Central, under strong
guardianship. sold again at 10, Du'
later Welded to the general tendency.
Union Pacific, around 14S, was off near
" . points. Southern Pacific sold oeio"
Io4. and Lehigh Valley, at TO, was
down points from top levels. ttead-
ing was offered down on fairly large
transactions over a point. The decIhe
s>rtended TO most of the medium and
low priced rails, although the main
nrofit taking in these had occurred III
The latter half of December and the
first half of January.
oils Join Decline.
Inasmuch as the movement IN the
oils had barely got under way be1ore
the reactionary drift commenced IN
the general market, there was not
the toD-heavy speculative account in
his section that there was in others.
StiT the oil shares moved with the
ras+ Shell Union was off a point and
Pan-American over a point. Losses
Of half point 10 point occurred III
Pacific Oil, Phillips Petroleum and
others Mexican Seaboard, continuing 9
to reflect the passing of the DIVIDEND
made a new low, around 10.
There were a few strong spots IN
the stock market which stood out
rather conspicuously, and they at
fraCted especial attention because OF
reports regarding the financial inter
ests with which the street associates
them. The stocks concerned were
General Motors, Marland Oil and New
York Central All three appeared to
he we'll supported, and offerings were
readily taken, although no effort was
made during the heavy selling else
where to bid them up. In the course
Of New York Central an incr Sc in
the dtvidned to per cent was still
mentioned.