Evening star., 1925-08-28
MOVES ARE MIXED
, IN DAYS TRADING
Recent Favorites Sold, But
Many Issues Again Reach
Higher Ground.
BY STUART r. WEST.
pecial Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, August 2S.-The
stock market continued on its irreS-
ular course today. There were waves
Of buying in individual issues and in
others prices fell off sharply from the
recent high points. The list seemed
10 be without any sense of direction,
while the professional activities which
have dominated the Stock Exchange
dealings for many days were again
the guiding force behind the price
movement.
More New High Marks.
Some of the stocks beyond the reach
of the average trader led the list OF
new high records. kresse was one
cR these and so was Chrysler Motor.
Foundation Co. exceeded its previous
high and new marks were made by
Nan York Shipbuilding. Eaton Axle,
Allied Chemical, Certain-teed Proc
ucts first and second preferred-~the
latter up 6 points or more-hI/ Gulf
Mobile and Northern pre- erred st.
Louis san Francisco. Otts Steel. com
mon and preferred; Gspriel Snubbers.
General outdoor .-dIertising, United
states Smeitin--, Wrigley and Stand
ara Gas ana electric preferred.
Mall 81 Get was discussing the pos
pu' -ds that stock on per cent
p<lS next Wednesday. Few doubted
Che dividend would be raised. The
strength in Certain-Teed Products is
sues was in response to the announce
ment that the company would redeem
the balance of its 61a per cent first
mortgage bonds.
Few Motors Do Better.
\ few of the motors did better with
Studebaker the most prominent Of the
group. Jordan and Hudson went
along, each rising d point or more.
Likewise the railway equipments were
bid up for a while. Baldwin and
American Car and Foundry were the
favorites. United States Steel COM
mon, selling dividend, sagged off at
one time, but met support. American
Can and General Electric were several
points lower during the selling moves
In the general list. American Water
Works common fell back.
Rail Shares Hold Gains.
The railway shares held their re-
cent gains and some of them extend
ed. In addition to those which es-
tabhshed new highs for the year.
there was noticeable strength in st.
Pas preferred and in Pennsylva mia.
ontario and Western and Lehigh Val
ley, on the other hand. declined. The
selling was ascribed TO he coal strike.
Commercial Solvents issues came
to life after a period of quiescence
Both issues rose sharply. For some
time a report has been current Of
the company being bought by Corn
Products, which furnishes CONNER
Cial Solvents with it's starch require
ments. Gimbel Bros. was a feature
T m at
Cane Sugar, common and preferred,
were still heavy, both stocks drop
ping to their lowest for 1925.
Pennsy Again Strong.
Pennsylvania Railroad shares were
again active and strong. The buying
might have been induced in part by
the July earnings report, which
showed a big increase in net income.
However, there was story that Penn
SylVania plans to issue new stock
at par, toward which the outstanding
shares in the market today steadily
moved.
New York Shipbuilding, selling ex-
dividend. was in demand at new high
prices The rise in this stock recently
has been Influenced by the changes
affecting control of the company. 1t
is understood that New York Ship
building has been undertaking large
electric manufacturer for a contract
for electrical railway equipment
Southern Railway Active.
The unusual activity and strength
in Southern Railway preferred sug-
gested the possibility that the com
pany contemplated redemption of the
issue. 1t may do so at any time in
cash at par. However. there is 500
GOO 900 preferred outstanding. which
is a considerable amount TO call. Late
in June at Richmond. Va, the courts
decided against the preferred share
holders in their suit to recover S29,-
600, 900 alleged to be due on account
of back dividends.
1t was stated at the time that an
appeal from the decision would be
taken. The theory is that with the
preferred stock redeemed a thorn
from the side Of the common share
owners would have been removed and
litigation would thus be avoided