Evening star., 1925-01-15
TRADING DROPS Off
IN WALL STREET
Some Strong Spots in Spite
of Heavy Selling in Many
Recent FavoriteS.
By STUART p. WEST.

srectl Dispatch to The Star.
NEW YORK, January 15.-There
was a lessening of activity on the
stock Exchange today and prices
Were mixed. Operations Tor the rise
we're conducted in a number or OIL
rsctions, but the advances in indi-
v,dual stocks were attracting a
smaller following.
The market was forced to absorb
further heavy selling, but, on the
s;her hand, professional efforts to
bring about reactions in recent raNor-
ires did not have much effect. Inc
market acted as if it was awaiting an
important piece of news to draw IL out
ot the rut.
Several Strong Spots.
While the general list was display
ing uncertainty and the market In
various directions was what IS COM
77onIy described as full OF stocks" "
there were a number OF strong points.
american Smelling, above 100, was
rr over points from Wednesday S
low. Expectations of a higher divi-
,-cnd were back OF the rise in Great
Northern Ore. Coca-Cola was higher
and there was special strength again
in Brooklyn Union Gas.
The oils were inclined to do better,
but the particular gains We're con
fined TO a few stocks like the Pan
americans and Shell Union. General
electric had one OF It's characteristic
irIr-upS. Allis Chalmers was bought
With considerable vehemence by those
who are looking forward to a. highly
favorable annual report. Goodrich
vas the favorite among the rubber
and tire issues Its strength coincided
with some rather mysterious selling
of Fisk Rubber common. which car
~ sd no CT n -
ly 4 point.
Merger Fight Aids c. Il O.
The renewed opposition TO the Van
sweringen merger was considered
bull argument on Chesapeake and
Ohio. and the stock was bought on
the idea that II would receive bet
ter terms in any new deal. The
new Denver and Rio Grande Western
preferred which had broken points
Wednesday, sold below 49, but sub
ssquently rallied. Interest appeared
70 be dying out in the rail group
generally. Reading was off nearly 3
points from its recent high. and there
was plenty Of Southern Pacific for
sale around 100. The move in West
.rn Pacific seemed TO have been
checked. Union Pacific sold again
around $50. Bulls on this stock have
been very much disappointed at its
refusal to participate more than it
did in the recent upward movement
Sugar S;nres Sold.
The break off of the American
Sugar-National Sugar merger carried
1t down sharply. Other members of
the sugar group were heavy, but they
were not weak. The action of Punta
AIegre continued to suggest doubts
about the maintenance of the divi-
dend
Western Union was strong again,
and the reason for the late buying
was disclosed in the preliminary re-
BORT for the year ended December 81.
This showed S12.41 a share, against
s11.63 the year before. and, bearing in
mind the very liberal allowances for
depreciation and for special appro-
priatIons for cable developments, the
margin over the 7 per cent paid to
share holders looked to be liberal
enough TO encourage discussion of a
higher dividend.
Syminston was a newcomer on the
Stock Exchange today. There are
100000 shares Of class A and 100000
shares of common stock, both without
par value. Within the last fortnight
orders have been taken for complete
Synlington equipment on 10000 freight
cars. and the rate of new business
indicates a profitable year.
One mans guess is as good as an
others in Wall street, as far as calling
the turn on the market is concerned.
There has been a large crop Of sold
out bulls" who have thought from
time to time that the end to the up
ward movement on the Stock Exchange
was near Others have been waiting
for "the time TO sell 4"