Evening star., 1925-08-27
STOCKS IMPROVE
IN LATE TRADING
Motor, Ship, Equipment and
Rail Shares Are Among
Leaders.
BY STUART p. WEST.
SPECIAL Dispatch 10 The Star

Special Dispatch to The Star
NEW YORK. August 27-Today' S
stock market was the wierdest mix
ture of price fluctuations that has
been seen in some time. There was nc
general trend, no uniformity of move
ment among the various members OF
particular groups and individual
shares themselves were extremely un.
settled At times the list was quite aC.
tive, at other stages it dragged along
in an uninteresting manner.
There was a Smalle- number OF
new high records" and larger mum
her of weak spots. The EyrationS in
high-prtced industrials. like Kresge
we're of no consequence when set be
side the list as whole. The trade
news was mixed, the continued reduc-
tons in oil prices being the feature.
Oil Shares Are Heavy.
There We're a few new low records
established in the oil group. Both is
sues Of Pan-American and Maracaibo
were among them. All the oils were
heavy and their weakness was one Of
he drawbacks with which the specuia-
i've movement had to contend. In one
quarter the information was given out
today that fully % per cent of the
stocks which they We're carrying on
margin for their customers were oil
the oils passing into strong hands
Apparently strong hands" have not
secured enough of them yet at bargain
prices. But continued crude oil and
Gasoline price cuts will probably solve
that problem.
Studebaker Goes Higher
The buying in Pennsylvania Rail
road. following an exceptionally ia
l,lp ir,r rrC- ",
and the upturn in one or two of the
railway equipments, particularly
baldwin Locomotive, were interesting
developments. Stud ebaker which had
come TO life on Wednesday. gained
further ground for Il while today
Union Bag. and Paper seemed TO be
he object Of special buying, and
here were advances of point and
moro in Gardner Motors, Savage
Arms and Indian Motor Cycle.
Railway Signal Up 20 Points
The handful of stocks which sur
passed their previous highs for the
year took in two issues in which
public interest is almost negligible.
They were Kresge. which rose more
than 10 points to above $50 a share
and General Railway Signal. which
went up nearly 20 points. Otis Steel
gains of ) points or more in New
York Shipbuilding and International
Business Machine. Fisk Rubber first
preferred was another to reach a new
TOP.
st. Louis-San Francisco stood out
again among the rails. Kansas City
Southern preferred also struck 4 new
nigh. There was a moderate amount
of selling in the railway issues. but
they were as consistently firm as the
oils were weak. A series of July
traffic returns furnished a strong
background for the transportation
issues. Most of these reports were
highly favorable
Pennsylvania Is Surprise.
Pennsylvania Railroad stock was
one of the few features of today's
Stock Market. 4 block of $1,000
shares of Pennsylvania came out at
the opening at AS. as against Wednes-
days final of Az The unusual ac>
tivfty was in response to the net in
come statement for July, which show
ed a remarkable increase as COM
pared with the month last year.
Gross income last month amounted
TO s51, 1,181,073 as against S53 ,049, ,271
SlO,1S2,9S2 as compared with $5.5S5.-
223, an increase OF nearly 10 per cent.
The bidding up Of the railway equip
ments again was calculated to serve
the same purpose which the brief
spurts in the steels have in mind
Efforts were being made to use sea
soned stocks to bolster the list when
selling in the great majority of is
sues became most pronounced. The
railway equipments. such as Baldwin
Locomotive and American Car and
Foundry, have been behind the rest
of the market.