Evening star., 1925-07-10
STBCKS SELL OFF
IN FINAL TRADING
Run-Op in Rock Island
Checks Heavy Selling
in Other Issues.
STUART p. WEST.

SpAcial Dispatch TO The star.
NEW YORK. July 1o.-The stock
market today ran into increased real
izins sales. with the result that the
price movement was more irregular
than on any previous day of the week.
Further advances occurred in some
issues. but they were evenly matched
by declines in Others. r. On the whole
the selling. side was the more promi-
nent.
Steel Report Is Factor.
The decrease of 339 r342 tons in un-
filled orders OF the United States Steel
Corporation was more than the Street
had looked for: 1t was preceded by
decline in the common stock to 115i2,
against 1l5S4, which was Thursdays
close. After the figures came out the
stock rallied above ll6, rejecting the
opinion that outside of the tonnage
statistics and the statement for the
second quarter. due at the end OF the
month, the unfavorable news was out
OF the way and had, therefore, pre-
sumably been discounted.
Dodge Stock Strong.
DODGE Bros. A made a strong re-
sponse to- the figures printed Thurs
day: Indicating that earnings for the
first half=year were running at the
rate of IS d share. The stock was
unusually active on the advancing
prices, reaching a new high for the
year. Other new tops were made in
Metropolitan Edison preferred, Gen
eraI Motors. per cent preferred.
Spicer Manufacturing preferred. I'm
derwood Typewriter, Hudson and Man
haitian preferred. Household Products,
Fifth Avenue Bus, Phoenix Hosiery.
which was up nearly points; Interna.
tional Agricultural prior preferred.
which had an extraordinary rise OF
2 points. and North American, which
at "a was up over points. Large
buying orders were in the market for
the last named stock.
Zinc Common Higher.
Public Service of New Jersey, on
its earnings and dividend possibilities.
was exceptionally strong. General
Electric ran up over points and Owen
Bottle over a point. The copper and
zinc stocks, for the most part, held
the ground recently gained, and there
were further advances in American
Zinc common and preferred of a point
to point and a half.
Realizing sales made themselves
felt in the Virginia Carolina Chemical
issues, in Packard Motor and Pierce
Arrow, which were both down over a
point; in United States Cast-lron Pipe,
which was off over points: in Robert
Reis. in United Cigar Stores and
in Independent Oil and Gas. The
weakness in United Cigar Stores
appeared to- be due to the withdrawal
from the market of interests which or
dinarily may be counted on to furnish
support.
Market Weak at Close.
The market turned definitely weak
In the later afternoon. This was
partly due TO the unexpected rise in
money rates and partly to speculative
conditions-that is, the overeXtended
loan account and the unusual expan-
sion of the speculative position in gen
eral. The tonnage figures of the
United States Steel Corporation were
not liked, and the decline of more than
z points in the stock from the high
figures of Thursday had depressing
effect.
seldom has it happened that the
grain trade went so far sstray in it's
advance calculations regarding the
corn crop. It had not reckoned upon
total the third largest on record
which was reported by the Depart.
ment of Agriculture after the close OF
business Thursday afternoon, Conse-
quently there was a violent rise in
corn prices today.