Evening star., 1925-01-14
MOVES ARE MIXED
IN STOCK MARKET
Industrials Go Higher as
Many Rail Shares Are
Freely Sold.
RY STUART p. WEST.

Special Dispatch to The star.
NEW YORK. January 14.-Today' S
price movement on the Stock EX-
change was another mixture of in
diVidual advances and declines. AS
many weak spots cropped out opera
tions for the rise were carried on
elsewhere and the net result was
little changed from where the market
left off on the preceding day.
The industrials were favored the
greater part of the time, while many
of the rails encountered substantial
offerings just below their high
levels.
The advice of a number of the
leading brokers leaned toward the
side of caution from the outset today
on the ground that loans were large
and a technical setback was in order.
The market, according to speculative
opinion. was going ahead under ITS
own momentum and without regard
TO the current speculative position.
Many deemed this unfavorable.
Equipments Move Easily.
There was no excuse for the taking
up of the equipment stocks beyond
the fact that they were easy to
move and were therefore likely to
prove a steadying influence on the
general list. Baldwin Locomotive
aDONe l0O ana paying CHhS pei SeiAN
was altogether out of line.
But the market for the stock was
being pushed up against stubborn
short interest which was contending
with a narrow floating supply.
American Locomotive would have
TO increase it's present dividend OF so
I'm order TO justify a price close TO
100, where il was selling today. The
advance in American Car and Foundry
above 200 continued, anticipating the
adoption of the new financial plan,
which will call for a division OF the
present stock into two parts, and will
pave the way for higher dividends.
Lima Locomotive was another equip
men which was exceptionally active
a one time at rising prices. Rumors
were revived of a merger between
American Car and Foundry and
American Locomotive.
Special Issues Forced Up.
Other high-priced industrials were
bid up, while the rest of the list was
reactionary. One of these was Du-
pont another was General Electric
There was quite a bit of Eastman
Kodak taken at a new high figure
for the year of HE. Operations for
the rise persisted in Great Northern
ore and in Radio Corpora ton, while
the American Hide and Leather stocks
were very strong on the decision OF
the New Jersey court, which virtually
killed opposition to the recapitaliza-
tion plan approved December 9.
The advance in the steels and oils
was checked. U. s. Steel common
came down to 124, where ir encoun-
tered some support. The Independent
steels were also lower. and so were
most of the oils. Independent Oil and
Gas dropped away more than a point.
There seemed plenty of stock for sale
in Marland, in Phillips Pete, in Pa
cifc Oil and in the Pan Americans
within a fraction of their high levels.
Mexican Seaboard was very weak on
talk of passing of the dividend.
Mail Order shares Weak.
Mail order shares were down sharply
from their tops. and so were such recent
favorites as International Paper Indus
trial Alcohol and Worthington Pump
Railway shares. as a rule, displayed
less resistance than the industrials.
Union Pacific fell over > points quite
easily, and so did Southern Pacific. Chi
cago and Northwestern broke nearly .
points in face of the announcement of
the combination with the Chicago-St
Paul Minneapolis and Omaha. The st.
Pauls were soft.
MARKET CLOSES WEAK