Evening star., 1926-08-27
RAILS AGAIN LEAD
MARKET TRADING
Motors Uncertain-0iIs Do
LittIe-Exchange Dealings
Are Highly Professional.
BY STUART p. WEST.

Special Dispatch to The Star.
NEW YORK. August 27.-Today 6
stock market followed the course of
yesterdays session in taking up the
rails first, then going over to the in
dustrials. The trading was still high
~ professional and the quick transfer
of interest from one group to another
was the clear proof of this.
Two incidents stood out in the rail
way dealings. One was the Union
Pacific getting out above 80 for the
first time this year. The other was
the rise in Atchisou, which followed
The remarkable July earnings state
ment No road which has so far re-
ported for last month has equaled
this showing, with gross up $4,000 900
and net $780, 900, or 80 per cent.
Extra Dividend Talk.
While it has to be remembered that
the comparison was made with the pc
riod last year when Atchison was not
PERHAPS earning its full share, the
present figures will go far toward en-
couraging extra dividend talk.
EarlK strength in the Northwestern
rails was interrupted later on by rea-
Uzing sales. All this meant, however,
was that traders who had been follow
ing the rise in these stocks were tax
ing profit and going into others.
Greater New York Gas securities
were in demand, and at one tlme
Consolidated Gas was very strong.
This, with the sharp rise in inter-
national Telephone & Telegraph, d.
rected more attention TO the publlc
utility group, which has not been
prominent recently.
L. s. Rubber Still Strong.
The inward movement in L. $.
Rubber, a feature for several days,
kept on. The expectation is that an
advance in crude rubber prices Is
not far distant. For d time kresge
and Montgomery Ward were weak,
but later there was a rally. Texas
Gulf Sulphur sold above 40, yellow
Truck continued to be actively
traded in. not far from the hlSh
reached when approval of the pur-
chase of the New York surface lines
by the Fifth Avenue Coach Co. was
given by the Transit Commission.
Motor shares were uncertain, but
still inclined to follow the general
list. The same was true of Z. >.
Steel. Reynolds Tobacco B made a
new high well above par, and Union
Tank Car had a sudden run up
Texas Co. early in the day sold above
81. where it was nearly point
higher, but the oils as a rule did
little Realizing sales made them
selves felt in Radio Corporation.
Rails Come Down.
After making its new high, Atchi-
son came down somewhat with the
course of the afternoon. SO did New
York Central and Southern Railway.
But this was quite a natural reaction.
1t did not suggest any change or
sentiment toward the railway shares.
The active buying in the late trad
ing sought out more of the indus
trials. United States Rubber con-
tinued one of the leaders and Texas
Gulf Sulphur was another. Stand
ard Oil of California grew more ac-
tive at higher prices. Pierce Arrow
stock was taken up for a time. Good
rich was helped by the strength in
United States Rubber.
1t was a market in which the eX-
hihition of any initiative obtained
ready following, but il was almost en-
tirely a professional following.
Oil shares came in for increasing
attention at rising prices late in the
session.