Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-01-28
STOCKS co HIGHER
IN FINAL TRADING
Food, Coffee and Public Util-
ity Shares Are Among
Market Leaders.

Special Dispatch to The Star.
NEW YORK, January 2S.-The up
ward drift predominated i'll today
market, but there was a good dea
Of irreGularity. Motor shares wen
through a series Of sharp fuctua
tions. leaving off with mixed changes
Some of the dividend paying ral''
were moderately higher toward th'
end. But the main interest lay II
the swiftly moving higher priced i'll
dustrials The close was not gen
erally buoyant, but active buying
kent on in the chosen leaders.
Traction Securities Leaders.
Another remarkable demonstration
occurred in New York traction securl
ties. both stocks and bonds. II wa
onlv a week ago that the nilahcla
outlook for the Interborough Rapi.
Transit was being discussed as dupl
Gus.
Remembering this. the move in the
stock across so. as against NedneS
days low of 21ls, was remarkapie
Third Avenue was some point
higher than the day before. ThoS'
ant 10 be best informed about trac'
ton affairs attributed the sltuatior
10 the new political conditions 1T
New York City.
The sugar stocks were strong Gn-
der the lead of South Porto Rlco
which had another notable advance
Raw sugar is quotably higher thar
it was at the outset of the week
The advance so far has been slight
but 1t has been enough TO convince
me sugar trade that the turn has
come.
There was a pronounced demand
for the shares of companies maklne
farm implements-Harve and the
Advance Rumelys. The latter were
much more active on the rise thar
they had been in a long time.
Cerro de Pasco was the feature
among the coppers, getting into new
high ground. Anaconda was drawn
along moderately. There were also
new high records in National Biscuit
I.orillard, Peoples Gas and Pacific
Gas.
Special buying continued in Fa-
nous PLAYERS. The advance in AL
lied Chemical was resumed. High
priced industrials of the type OF
American Can and General Electric
were also strong.
Union Bag and Paper Recedes.
Wednesdays rise of more than :
points. in Union Bag and Paper
naturally encouraged protit-takine
and lower prices We're the rule in tn
early trading today. The recent
strength is said to reflect the forrGa
= ton of a new pool, which is Of the
opinion that the stock is entitled
to sell at much higher prices. Oper
ationS for the rise were renewed II
the later dealings today, carrying
the price back over more than the
ground lost.
The market for the sugar stocks
continued strong today under leader
ship of South Porto Rico. which sold
at a new high record. While buying
was going on in this issue. Spectacu
lar advances were taking place In
Fajardo in the curb market. This
attracted attention to the report that
a prominent banking house respon
Sibe for several recent mergers has
now become active in sugar stocks
Belief prevailed that this was an
other industry in which mergers
would eventually play a prominen.
part and would be effective in stab
iliZing conditions.
National Biscuit went into new
high ground for the year when 1t
sold around 90. Buying was particu
larly aggressive and was based on
expectations Of greatly increased
earnings as a result of the com
panys decision to enter the bread
industry.