Evening star., 1926-02-09
SPECIAL STOCKS
| ADVANCE AT CLOSE
Onward Movement Quite Gen.
/ eraI-FoOd Shares Are
! Again Weak.
BY STUART T.. WEST.
Special Dispatch to The Star.

NEW YORK, February ?.-lh 10
days stock exchange trading ad'
Sances were far more numerous than
declines. With the exception OF the
Food supply stocks, when We're az
Sected by special causes, the cllltl
moves were upward. American
smelling and United states 'aSl
from Pine and American 'an were
particular features at the rtoSe:
The oil shares were mostly hlShei
The sreeIs did little, the c"pperS "ei
bought for time, Wilie Tue -
The most part. did nothing. Inc M,
~, 49,, ,,rnn, for the stocks selected
for leadership.
Food stocks Again Weak.
,aurnrnia Packing sold otio" !'o, @
which meant It loss "i Po.ii'I va ,'rt
-. day Ward Baking - loi-
fowe5 mn its lI-point loss OF M"foa4
Ia. d,n,,r,n.. nearly $ points more
Other iuduStrtalS Wer" not a. Ss"aF
Nv, -. some Of them had been on Mon
ja,. Weakness in the food "io' hs
IS L.1tr,rd hv the strength III 'iio
leath.rS by the great "ithN.n III
American Can ana by Tn" Il'"'u,'liIe
of various SptcialtieS. 'nl4"NS NV Ia
Loft candy, which was unuSu"i'S ,,c ~
rive. Yelinw cab and Jewel Tea.
Inae,n1,rh as the buying price oI As
>.o,iateI oil was 80. il WAS not Surl'rls-
ing that the stock should have been
,Je,I1 i'm within a radius OF half Il polii'
nf that figure California petroleum.
crossed 81 for the first time TINS yea >
md the fact that what Is prcSuihapiS
the principal banking influence ~
the latter property was AIS" a prom
uent figure in the Associated Oh tettI
led To the opinion that tahtorhid "
troleum was involved IN the pi'It9 Aot
regrouuing California oil properties
The rise II California Pet toieum
stimulated buying in some ot the
other oils. notably Philips Petroleum.
t'onper stocks were i'll better De
1nand and the buying moVement eA-
.erded 70 American Smeltlns ana 10
American Zinc preferred. me rise OF
the last two days in the ptlc" OF the
CONNIE. metal vas the principal con
sider.tiou Anaconda touched ol ana
KenneCutt crossed So, when repre-
sents new high for 1870. tfllle'
Cerro, de PaSco and Inspiration were
all higher
The objective of 500. so frequently
mentioned for American Can STOCK,
vas approached today following puo-
lication of the report for 1928. show
ing net income of Sl6,39o,V3b after
charges and Federal taxes. This was
equal. after preferred dividends, TO
S3a.74 Il share on the common, com
pared with Sll.341 .931, or S20.oo a
share in 1924. American Can had
closed last night al 2s9. II sold above
90 most Of the time today.
Best Prices Near Close.
The oil shares went higher despite
the publication of estimates showing
for the first time in several months an
increase in the daily production. The
market for these stocks was undoubt-
edly influenced by the fact that an
experienced banking group was willing
10 pay 90 for Associated Oil shares,
which less than five months ago were
quoted at 80.
The high prices OF the day on the
Stock Exchange We're reached In the
last hour The general list. IN spite or
numerous exceptions. gave demon
stratiun OF strength that was impress
sive considering that the immediate
surroundings would have seemed TO
be not prupitlOus.