Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-11-21
STOCKS IRREGULAR
IN QUIET TRADING
Rail Shares Rise Slightly and
lnduStriaIs Tend to
Decline.
BY GEORGE T. HUGHES.
Special Dispatch to The Star.

SpcSidi OlSpatcn 10 The Star.
NEW YORK. November 21.-A slight
ADVANCE for the railroad shares and a
Slgnt decline for the industrials went
70 make up today's irregular stock
market operations.
AT one time or another the liuuor
and the gold stocks we're weak. but the
rest of the list was never more than
neavy and there were individual points
OF strength. Curiously enough. the
commodity stocks sold off the easiest.
although there was more talk about the
approach of imitation than ever.
In commodities wheat closed up Il
TO of y, cotton was steady and rubber
slightly lower. Silver advanced
around the lows of the movement and
there was some pressure on the high
grade corporation issues.
Makes Little Progress.
Throughout the morning the stock
market made little progress one way or
the other. few issues pushed through
into new high ground, but met Offerings
ana reacted. The alcohol stocks were
al weak. but otherwise the list was re-
msrkably steady. II 1t did not respond
to the continued efforts to depreciate
th5 dollar, it absorbed realizing easily.
The feature of the early trading was
the pressure on the repeal issues. Ma
tlonal Distillers was the weakest, but
all OF them were down / to points.
There was nc news of an adverse char
acter affecting the group and it seemed
10 be simply case of the stocks hay-
ing discounted all the prosperity they
were likely to have on the restoration
OF legal liquor
The stocks that gave the best account
Oh themselves were Chrysler among the
motors, touching so, new high on the
movement and 3 points above Mon
days low. and American Can. which.
approaching par, made a new 1893 ton.
Railroad stocks did better TODAY on
the average than the industrials. Atchi-
son, Illinois Central, Louisville a. Nash
vile and Lehigh Valley were all higher.
1t was announced that the New York
Central had sold $4,000 shares of Ie-
high Valley owned by its affiliate and
haa reduced hsnk loans with the pro-
cesos. The stock was said TO have been
olspoSsd CT IN the open mar1st.
Car-loaoing statements given out by
individual roads today made favorable
comparisons with those of year ago.
The Nickel Plate reported an increase
of 1913 per cent over 1882, compared
with an increase of a. per cent last
week.
The Reconstruction Finance Corpora
ton posted price for domestic gold at
S33.76 an ounce, up 10 cents from Mon
day, and the highest yet. In London
the price of gold dropped to 127 shiil-
ings, rejecting weakness of the franc
in terms of sterling. However, the
London price converted into dollars at
the prevailing rate of exchange was
higher than the Washington price, at
S34.07 an ounce. AS was to be expected,
the dollar weakened. Sterling opening
at $5.36A, was up SIS cents, and the
French franc at SAG. up 612 points.
The afternoon market was heavy but
not weak. Gold mining stocks were
freely sold with poor support. McIn-
tyre dropped below 40 for loss of to
3 points, and Dome below "a, both of
them to the lowest of the movement.
The gold stocks like the repeal stocks
are out of favor temporarily at least,
although the end of prohibition Is only
two weeks away and the United States
Government continues to offer more
dollars for gold
More favorable divided announce
ment came along today. Cincinnati.
New Orleans g. Texas Pacific Railway
declared dividend of So a share on
the common stock, the first dividend
since May, 1882. Bangor g. Aroostook
declared the regular so cents quarterly
payment on it's common stock.
(Copyright, 1033)