Evening star., 1925-01-25
BY the Associated Press.

NEW YORK, January 24.-Mixed
price movements took place in to-
days stock market, rejecting the
readjustment of speculative accounts
over the week end. The session
lasted only IS minutes, the opening
being delayed 40 minutes in order
to permit the members and employees
of the exchange to view the total
eclipse of the sun.
Further accumulation of the oil
shares reflected the extension of gas
oline and crude oil prices. Pacific
On was the most active feature, clos
ing a point higher at 6O14. Barns
dali B.. Shell Transport and Atlantic
Refining also closed a point or more
higher, while most Of the others i'm
proved fractionally.
Low-priced rails also displayed a
strong tone, Katy" preferred touch
ing the highest price since the re-
organization of the road at SLY, and
then easing to Six for a net gain
of q on the day. Chicago & Alton
preferred moved up rs to 16h.
Kansas City Southern also was
bought at steadily advancing prices,
closing 4 points higher at 38a4.
United States Steel fuctuated
within range of IS of a point,
closing unchanged at 1881. The
other members of the so-called "big
four"-American Can, Baldwin and
debaker-showed nominal reces-
sions.
American Wooden Weak.
Further weakness cropped out in
the American Woolen issues in re-
nection of the growing anxiety over
the preferred dividend. The common
stock was hammered down to 52%
and then rallied to 54hs. off e, and
the preferred closed 2 Il points lower
at 81 Il.
Motors also were inclined to sell
| OFF when pressure was applied. Nash
closed more than a point lower, at
Z4b%' and Chandler dropped a point
and then recovered most of its loss
Other outstanding heavy spots were
American Agricultural Chemical pre-
ferred, Brooklyn Edison, Burns
Brothers B, du Pont. Famous Players
General Electric, Hartman Corpora
ton, Savage Arms, Western Union
Woolworth and Worthington Pump
all off from one to two points.
Foreign exchanges were slightly
reactionary as result of rather
heavy week end profittaking.
Wall street Briefs.
NEW YORK, January 24.-The Le-
high Valley Railroad almost doubled
Its net operating income in 1924, the
total reaching s11,391,549 compared
with s6.573,120 in 1928. Gross rev.
enues showed a gain of about s440,-
600, 30 s76.374.s05.
A certificate of incorporation for
the recently organized American Car
and Foundry Securities Corporation
was filed in Dover Del TODAY giving
capitalization of 100000 shares of no
par value stock, all of which will be
owned by the American Car and Foun-
dry Co. The new company will han
die American Car and Foundry's large
investments,
The pamphlet report of the Inde-
pendent Oil and Gas Co for 1924 shows
net income of s1,S14,652 after ex-
penses, dry holes and expired leases,
After deducting s1,160.636 for de-
probation and depletion the balance
is equal to $l-45 share on the no
par value stock outstanding.
Nickel Plates Report.
Although 1924 gross revenue of the
New York, Chicago and st. Louis
Railroad (Nickel Plate) fell S3,474, ,944
under that of 1929, net income of
| $5,S69,246 was only s462,o92 less than
in the year before and was equal to
1882 a share on the common stock
after meeting preferred dividends and