Evening star., 1926-02-05
STOCKS IRREGULAR
in FINAL TRADING
Principal Moves Upward, But
Some Selling Crops Out
in Many Issues.
EY STUART =. WEST.



NEW YORK. February 5.-ln to-
day,s market there were periods
where individual stocks were taken
1p and there were other periods
where realizing sales in large way
were readily apparent. At the close
these two conflicting influences mad
lust about balanced each other.
Losses and gains were fairly evenly
distributed, although the prlnclpai
moves were upward. 40
Third Avenue stock aooNe Az
was I'D 10 points in two days ana
% points from where 1t was selilnS
a week ago. New York Rall"aES
preferred certificates. which started
last week from around +. Sold todaN
above 90. The only explanation
>,l1,uteered was that much Specula
tive buyinc was being done by per
sons who felt thai under the new
city government the traction con-
ranies would get a better deal.
Later there was considerable proht-
taking. Third Avenue lost part OF
it's rise. Manhattan Guaranteed was
lower and so was Brooklyn Man
haitian.
Other Stocks Irregular.
In the industrial section price
changes were very much mixed. Inc
shipping shares were strong Tor
time like International Mercantile Ma
rine preferred and Atlantic Cult ana
West Indies. Westinghouse Electric
reached a new high for the year ana
International Business Machine and
Commercial Solvents "B' had a spurt.
Anaconda Copper touched %. but at
that figure a lot of stock appeared TO
be on sale.
California Packing came down
sharply under profit taking and the
same was true of Allied Chemical
Despite the continued report that the
Tidewater Oil Co. had bid so for AS
sociated Oil stock. the latter was free
ly supplied around 81. Realizing sales
went on also in Pacific OH. General
Petroleum was one OF the rev MEM
bers of the group to do anything on
the buying side.
Motor Shares Active.
Further buying came into some OF
the motor shares, particularly dud-
son, Chrysler which was very strong
at a rise of over points; JORDAN
and White.
Among the rails dividend paying
issues were holding back. special
activity developed in Mlssouri'kansas,
Texas at new high across 40. and
vance of point or more.
Passing of the dividend today on
Warner Bros. Pictures class A
was said not to be due to anything
concerning earnings, or the financial
position of the company. Narrer
Bros. recently paid out S2.Oo0,09o for
the production of pictures. which was
charged to earnings, although tals
was really a capital expense. The
said to be due to a technicallty and
therefore had no effect upon the mar
ket for the stock.
The overnight jump of II: points
in Jordan Motors followed reports
that January shipments of JORDAN
Motor were the largest in the his
tory Of the company. But he huN-
Ing of the stock was attributed IN
some quarters to expectations OF an
early announcement concerning the
merger of this company with other
prominent automobile units.
Last Hour Profit.Taking.
There was a good deal of discussion
as to what would be shown in the first
of the statements on brokerage loans
under the new system. 1hls state
ment will be given out after the close
Of business Saturday. Some or the
professionals. who either had pfoflts'
or were able to close out With little
loss. were inclined to liquidate their
contracts over Sunday, on the chance
that the loan figures might not be
favorable influence.
This selling was a factor in the late
trading. 1t accounted for much of the
uncertainty in the price movement.
Some of the stocks which had been
strong early in the day came down.
Others, which had not been conspic-
uous. continued to hold their own
r 19AT1-Sf