Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-05-13
MARKET CONFUSED
+. IN FINAL TRADING
Profit Taking Slows Up Many
lssues--high-Priceu
Rails Hold Strong.
BY STUART p. WEST.

Special Dispatch to The Star.
NEW YORK. May 13.--Notwith
standing the continued buying opera
lions throughout the Stock Exchange
list today and the advance Oh nu'
merous Individual issues to their hlgn.
est for the year, stocks as whole dlo
not make more than moderate prog
reSS, and there We're no extraordinary
developments. The market was broader
even than il had been on the proceed
ing day, and fully as active. 10 the
conservative minded the absence or
any sensational fluctuations and the
persistent maintenance of strong
tone were favorable signs.
Oil Shares Strong.
The oil shares were among the
strongest as evidence accumulated Tor
favorable conditions in the trade
Marland Oil, getting ready for dlVl-
dends, was in demand around AZ
Pacific Oil was up over a point. and so
was Pan-American B. Phillips Petro-
leum sold above AZ, as against Tues
days close of 411a Sinclair was up a
half point at 30 The main point about
the oil shares for the last fortnight has
been the steady way they have been
going up in manner bearing out the
bullish opinions regarding the oil
trade.
Fisk Leads Rubber Stocks.
Motor and tire stocks We're very
uneven. United States Rubber en-
countered lot of profit taking above
Al and subsequently receded. There
was plenty of KellySpringfield for
sale above 10. On the other hand,
Fisk Rubber first preferred jumped to
80, where il was up nearly 3 points.
This aroused interest in the POSSIBLE
ity of paying off back dividends, which
amount to more than % per cent. The
common stock was heavily traded in
as Il crossed Il.
The upturn in the st. Paul stocks
might have been due to nothing more
than short covering, rising from un-
certainty whether the st. Paul shares
have adjusted themselves to the as
SeSSment such as is now being dis
cussed. 1t has to be remembered
that the st. Paul bonded Indebtedness
is going to be cut down unsparingly,
and that this may leave substantial
equities for the present stocks.
Leather Trade Improves.
Central Leather preferred above
so again and the common above 20
directed attention to the improvement
in the leather trade position and to the
unusual asset value back of the pre-
ferred STOCK. Allied Cnemlcdl, Brown
Shoe, Glidden and California Packing
were other specialities which were bid
up.
Mack Trucks sold at new high.
Consolidated Gas was the particular
feature among the public utilities,
reaching 50 for the first time
Marland Oil Higher.
Marland Oils advance was in antici-
patton of a dividend declaration at the
rate of SO annually later in the day.
The company put out very favorable
report for the first quarter at the same
time that it published the poor results
for 1924. 1t was said today that the
company had written down inven-
tories and for every other possible
account more heavily than usual, and
that it's affairs are in very good shape.
Tennessee Copper and Chemical had
another run-up to new high ground
because of the Improvement in the fer
tilizer and agricultural implement
business. This company will undoubt-
eddy benefit from any increase in the
purchasing power Of the farming COM
munity.