Evening star., 1925-01-02
RAILROAD SHARES
LEAD SHARP RISE
Oils Also Move Rapidly,
Many New High Marks in
Specially List.
BY STUART y. WEST.

Special Dispatch to The Star.
NEW YORK, January 2.-Railway
shares came to the front in the stock
market today. while heavy realizing
went on throughout the industrial
list. Profit-taking in this quarter
was active following the opening out
burst of strength. Although the ralls
as a group We're more prominent, this
did not mean that there was ces-
sation of operations for the rise In
the Industrial shares, for many OF
them went to new high records
OIL shares start to Move.
The oil shares finally began to sat
isfv the expectations of their many
followers. once they got through re
cent high points they went with
rush. The buying was encouraged by
the latest weekly statement on crude
oil production, showing a Sood sized
decrease.
Pacific Oil at sc was up nearly two
points. Phillips Petroleum got well
above 81 and Cosden above 27. Talk
of an increased dividend accompanied
the rise in Standard Oil of New Jer-
sey, above Al. Skelley Oil at 26 was
up nearly six points in a week The
upward movement continued Vlgor-
ously in Independent Oil and Gas.
Rarnsdau stocks made new highs and
General Petroleum all stood out
prominently.
Steel Common Drops.
Steel common as il reached its
previous high of 12l encountered
lot of realizing, and fell back point
There was further spectacular rise
in the railway equipments, with
American Car and Foundry at 2O5,
up II points from where it was sell
ing at the opening on Wednesday.
Railway Steel Springs as II crossed
13S registered new high. BALDWIN
Locomotive was up points at one
time.
The effect of the announcement or
the General Electric's proposal TO
distribute it's holdings of public utili-
ties was evidently discounted. A VIC
lent break occurred in the new Elec-
trlc Bond and Share Co.'S stock, dealt
in over the counter, and General Elec-
tric itself came down with equal ao-
ruptnesS. Great interest was taken
in the stories that the RADIO Cor
poration holdings were the next IN
line to be given away. General Elec-
trio is a large holder of this stock;
so is w estinghouse. United Fruit also
owns substantial block.
Days Big Features.
One of the big features of the day
was the simultaneous jump in West
inghouse and in United Fruit, accom-
panying the rise in Radio Corpora
tion stock itself. The latter, around
20. was. up So points within less than
a fortnight
Mack Trucks made a new high as it
reached 119, and there was a SYM
pathetic run-up in White Motors. Hayes
RI of
vorable earnings, rose . points. Indus
trial Alcohol was up nearly 2, and Elec-
trio Storage Battery was taken in hand.
Allis Chalmers was helped by the
strength in the electric manufacturing
issues.
Rails Are Very Active.
Kansas City Southern rallied over
point, Missouri Pacific preferred
crossed 73 again and Great Western
preferred was very strong above 2S.
Southern Pacific above 103 was up a
point, and so was Union Pacific across
$50. st. Louis Southwestern was un-
usually active at an advance of over
points.
Hayes Wheel again showed inde-
pendent strength among the motor
accessories Recently it was stated
here that speculative interests which
had played such a large part in the
upward movement in both Cast Iron
Pipe and Worthington Pump were
expected to give some of their atten-
tion to the market for Hayes Wheel.
On Wednesday it showed signs of
activity, and today these became more
pronounced. The business of the COM
pany has made gains in accordance
with the general improvement in the
automobile and allied Industries.