Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-21
WALL STREET LIST
LOWER At CLOSE.
Considerable Selling Crops
Out in Last Hour Stock
Trading.

Spt,tdt Dispatch 10 me Stdi.
NEW YORK. December IL
Throughout the greater part OF the
session on the Stock Exchange today
the price movement was irregular:
The motors. with the exception OF
Hudson. We're offered rather freely
and the rubber and tire shares bore
their share in the selling. | nlted
States Rubber was weak feature, UP
To the close. In the last hour selling
increased and many of the leaders OF
the first half session came oil SUD
stantially from their top figures.
ChrysIcr i'm Severe Break.
Chrysler Motors had a bad break,
following the meeting of the oil
rectorS, when no action was taken
upon a dividend on the new stock
Wall street has - talking about
these shares being put upon either
a So or a IS basis. Oil stocks We're
a good deal mixed. Independent OIL
and Gas was strong most OF the time
and so was Sinclair. ON the other
hand. Pacific Oil was lower, and SC
was General Asphalt. sun Oil was
up more than a point at one
stage. California Petroleum was lit
tie changed
Wall street was much confused over
the oil price outlook and not inclined
TO be as optimistic on this score later
in the day as it was in the begin
ming.
New High Records.
There We're new high records by
FleisChmaun. old and new stock; Pos
tum Cereal. Standard Milling, Texas
and Pacific Land Trust, and among
the rails, Southern Railway, which
reached l20 for the first time. ana
Atlanta, Birmingham and Atlantic.
Delaware, Lackawanna and Western
was very strong. and amnoS the IN
Gustrial Specialties which had notabl.
advances were American Brake Shoe
American Can, Consolidated Cigar
Federal Mining and Smelling pre-
ferred McCrory Stores and Wool
worth.
Postum Extends Gain.
Postum Cereal. which had a spectac
ular rise last week, extended its gain
today to the highest prices for the
wear The stock continued erratic and
it appeared that around 10 the mar.
ket position was a bit unwieldy. Post
um'S advance has been most rapid
since the announcement of the pur'
chase of the Jello co. New financing
IS anticipated. Some expect an add
tl0ndl 3RO 100 SNafeS OIL Postum 10 be
sold at par This would give the com
pany approximately 0,000 900, the
price paid for Jello. The latter's earn
ings this year have been around So
900, 900, and it is predicted that under
Postum management they will be in
creased to $500 900 in 1926. Postum :
own earning power has shown grad
ual improvement.
Stock Dividend Expected.
Interest in Foundation Co. cen
tered today on the expectation
that the directors would declare q
40 per cent stock dividend on Foun-
dation Co: foreign. payable to
the holders of the parent company
shares. Foundation Co. rights
to subscribe for the new stock are
selling around $32 a share and the
new foreign company stock is quoted
at about S2S or s29. The 40 per
cent stock dividend on which the
Street was figuring, it is calculated
is the equivalent of SPA a share ad :
ditional on Foundation Co. old stock.
Further weakness cropped out In
United States Rubber, which got be
low the so level. as compared with the
1925 high of 97l4. The selling accom-
panied a drop in Chrysler Motors
when that stock was pressed for sale
In speculative quarters there was a
story that the two stocks had moved
simultaneously on several occasions
recent, and that the insiders In
Chrysler had been selling Rubber to
help fortify their position in their
own stock