Evening star., 1925-02-06
HEAVY REALIZING
HOLDS Up RISE
Trend Upward, But Stocks
d Turn Very Irregular in
r. Afternoon Deals.
BY STUART p. WEST.

Special Dispatch to The Star.
NEW YORK, February 6.-Today's
stock market was noteworthy for the
individual moves, principally In the
Industrial section, while the general
price list changed little. Proft-tak k
ing played an important part again,
reducing or canceling many OF the
gains made early ,in the DAY. Inc
trend, however, was still on the side
of advance and what selling oc-
CURED was not effective enough 10
bring about much of setback.
Pipe Advances 10 Points.
The big advance occurred in high
priced industrials, which are easily
marked up on account of their small
floating supply. u. S. Cast Iron Pipe,
with a 10-point jump, was the par
ticular feature. The stock earned
over SAB last year and estimates OF
the current years earnings place the
amount very much higher. 1t is not
the fashion nowadays to declare IAN
cy dividends on original stock. The
method adopted is to split UP the
capital and pay out dividends on the
multiplied shares.
Cast Iron Pipe will probably come
to this sooner or later, and so Will
American Can, which was another
leader in the market of the day. MACK
Trucks and International Business
Machine were other specialties which
were pushed forward. The best IN
formation about United states IN
dustrial Alcohol is that stock dis
tributed on the advance to 50 was
taken back around and just below
So The effects of this new accumu-
lation were apparent in the strength
of the shares today.
FIekschmann Break Halted.
worthington Pump, Great Western
Sugar and Allied Chemical all distin-
guished themselves by advancing
sharply. The outburst of selling in
FIeischmann on account of the death OF
the head of the company was purely
sentimental Universal Pipe and
Radiator preferred followed the rise
in Cast Iron Pipe, and the interests
back of the market for Tobacco Prod
ucts were busy again.
There was heavy profit-taking In
the steels and in the oils. Barnsdall
"A" was an exception, making a new
high Realizing also brought about a
sharp reaction in International Mer-
camille Marine preferred. But Nnew
leaders were promptly developed Ihe
rise in General Motors to 76 was an
outstanding feature. So was the
heavy trading in Hudson Motor at ad-
vancing prices
Inc statement was Induc lHdl iiuo-
son earned in January net OF
S1,5O0,00o.
Tire Shares Renct.
Rubber and tire shares had fur
ther advance early, but reacted later
Goodrich sold above 49. and Fisk,
United States Rubber and the Good
year issues were all strong.
On reports of higher prices for the
copper metal, the copper and smelt-
ing shares came into favor again.
American Smelling got up around its
top. and Anaconda, Kennecott and In
spira tion were all actively bought.
American Metals crossed 81, and
there were unusually large trans
actions in Ray Consolidated at II.
Railway shares were irregular.
Most of the standard dividend payers
felt the effect of profit-taking. The
rumors regarding the Wabash going
into a consolidation were heard
again in connection with the rise in
the preferred "A" above 63 and the
great activity in the common round
25. Chicago and Great Western went
through 13 for the first time this
year, and Rock Island and Missouri
Pacific were strong.
MARKET CLOSES STRONG.