Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-09-13
STOCKS HAVE Squirt
IN FINAL DEALINGS
E.larket Turns AggresSively
Strong - Rails and Old
Leaders Forge to Front.
BY GEORGE Il. HUGHES.

Special Dispatch to The star
NEW YORK, September 13.-After
day of slowly rising prices the stock
market turned aegressively strong in
the last hour. The early favorites had
t,can the oils and The coppers
In the afternoon the railroads took
fhe center of the stage and at the
'ose the old leaders, General Motors,
L Pont. United States Steel. Inter
,ational Harvester and United states
'ast Iron Pipe Joined in.
The session was remarkable. Tor the
row high records in American Tele-
r1ore 4 Telegraph at the best since
%. New York Central at the high
since 1906, international Tele-
3one & TELEGRAPH at the highest for
time, and du Pont AT the highest
y. the present no-par value shares.
4 few minutes before the end, Gen
al Motors, running up above 2a3,
so made new high. and PennSNl-
mia surpassed anything of record
nee 1910. There was no trace OF the
selling pressure which had depressed
quotations on Monday.
Money was renewed at Az per cent,
which was the highest since July b,
end vet no nervousness on that ac-
count was in evidence. Banking
,Dinion is still 10 the effect that
,-2sonably easy money is in prospect
lor month more.
Oils a@d Ceppcrs Leaders.
It was the oils and coppers, espe-
c:allv the latter. that took over the
4aershin today The Improvement
i the oils was in large part the
:e~ult of short GOVERNS ran
tnerican Petroleum "B. a stock
iaat has been the object or extensive
SPECULATION for the decline, raiIled 3
rnjnts. Crude oil production Tor the
eek ending September 10, as an
bounced today, showed a decrease
{,.nm the preceding week, but not
oough to be of any great signll-
T.. lnce.
conner stocks were very strong.
pnnecott sold at the highest in the
story of the company. There was a
,goestion of dividend increase, al
,oueh Kennecott at the present rate
yes a return far above the average.
FRO de Pasco. Chile, Calumet ana
rizona and Anaconda were an hiSh-
American Smelling and REFINING,
hich often moves independently OF
ne rest of the group, went along to-
" A basis for the better feeling
}
enced bv the statistics made pupnc
; 1av showing a decrease in stocks OF
fined metal at the end of August as
impaired with those at the END OF
= uly.
American Telephone and Telegraph
y;as again the most prominent or the
&o-called investment stocks, surpass-
,ng the new high established Mon
. av. which was the best since 19oZ.
International Telephone and Tele-
laph, associated with the domestic
.ompany marketwise although there
i no corporate connection, sold at the
, irhest for all time. Pacific Telephone
; nd telegraph on sales of few odd
ITS made a new high also on re-
,ort that the American Telephone and
telegraph would make an offer for the
minority stock.
Steel Stocks Are Ragged.
Steel stocks were more ragged.
United States Steel ran up point or
s. early in the day, but there was
E.:le animation IN the trading. Cruel
BILE sold off as doubts were expressed
as to any larger dividend. sun
sock paying Sc and selling around 93
does not need hope of larger dis
hursement to support it if other con-
GttlOnS are IdNOIdble. Inv . vas -
lie enthusiasm about the buying of
the motors either General Motors
gained ground. but the movement in
Studebaker was interrupted.
Irregularity prevailed among the
general run of industrials. General
Hallway Signal was one of the strong
spots, but United Fruit, General Elec-
tric, Postum Co. and stocks of that
grade were unchanged or slightly low
er. CRANKY Mining weakened on the
announcement that the dividend would
be deferred. Pittsburgh Coal was In
vigorous demand at an advance OF
more than three points for the COM
rlon and a new 1927 top for the pre-