Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-08-06
STOCKS CONTINUE
sr-T,-
w
MOVING UPWARD
i s2.VS-
Activity Broader-SteeI and
Motors Not as Spectacular
sAs-s@ss
- -. as on Other Days.
BY STUART p. WEST.

4 NEW 1ORk, August ~ ne up
ward movement was resumed on an
Increased volume of business on the
Stock EXCHANGE today The selling
which was persistent in the last hour
Thursday apparently had strength
ened the technical position OF the
market and throughout the greater
part of today's session more groups
Of stocks shared in the Improvement
than at any time during the present
campaign for higher prices.
Although the advances in the big
leaders were not as pronounced as on
earlier days of the week, the tendency
4 cf the demand to broaden out into the
main body of stocks signified that
public participation was on the in
crease.
Ii Railway Shares Strong.
] Strength of the railway shares was
particularly impressive. Atchison
went into new high ground for the
year when it crossed l41. while the
demand for Atlantic Coast Line carl
t-xied the price up well over three
points. New York Central, St. Louis
San Francisco and southern Railway
stood out strongly, while such issues
As Rock Island, the Fries and Baltl-
smore and Ohio bore their share in
sthe improvement. 1t was not sur
hrising that the rails should have
been taken up following publication
of the report of the Bureau of Rail
WAY Economics on operations OF the
railroads for the first half year. De-
spite losses shown by % lines. com
bined earnings for the period reached
Abe enormous total of $500 900 900, the
slightest for any similar period should
She carriers of the country continue
Through the remainder of the year
at the same rate of operation com
snined earnings for the year should
amount To 81 POO. 000,0 900
In view of the heavy crop-moving
demands which make themselves felt
In the later months, the figures were
particularly significant and fore
khadowed what could be expected from
latter half operations. The heavy de-
Snand which went on again today for
ST. Paul issues appeared TO foreshadow
parry congratulations.
I Oil and Motors Quieter.
: Trading in General Motors and
Knitted States Steel common was not
as spectacular and the market APP
peared. to have become stabilized with
In a range of points from the mai
quotations of the previous days.
\ The rise of some points in hudson
Motors was a natural sequence in the
racent reaction. The buying, no doubt.
was the result of a desire TO cover IN
short contracts recently made at con-
siderably higher levels. Other motor
stocks bore their share in the improve
tment. with Dupont, Nash and White
Motors prominent.
4 Among specialties j. /. Case Thresh-
ang Machine resumed its spectacular
performance. moving into new high
Ground after it's 81 u point rise yester-
..1av. All sorts of explanations were
offered for the strength of this issue.
IA ccording to present estimates case
is expected to show earnings of close
TO $40 a share for the year, and
considerably higher dividends are
ikallled of.
Il With the market for copper metal
lcontinuing upward, this class OF
ntocks was thought to offer favor
hhle opportunity Tor profit around the
hresent price level American Smelt-
ing was actively bought across l40,
where il compared with the previous
if1naI of 1885,. The demand for Cerro
de Pasco was more pronounced, the
i,ise extending to . points. Anaconda
and Kennecott came in for their snare
of attention. while CRANKY made fur-
,iher response to the favorable report
on operations for the first six months
recently issued.
b Other specialties which were in urg-
ant demand at considerably hlgnef
nrices included International Har-
tester. Pathe Exchange, Remington
typewriter. Union Bag and Paper, up
almost points at one time; Advance
Rumely preferred and common, the
Former up more than 5 points; United
Htates Industrial Alcohol. Consolidated
sfigar, which reached a new high on
publication of the favorable earnings
Matement for the first half year; New
Hork Gamers at a new high on the
Hove. the sugars under leadership
III South Porto Rico and local gas
shares, with Brooklyn Edison and Con-
kolidated at record prices.