Show RAILROADS RAILROADS' OFF OFFIN OFFIN IN DULL MART By ELMER EL C C. V ALZER United Prel PreCi Financial Editor NEW W YORK Feb eb cb 29 29 Railroad Railroad shares hares declined 1 to more than 2 pOints on the stock tock exchange Saturday Sat Sat- Saturday without disturbing thi th main list 1st 1151 which was Wal dull and Irregular U In n a a narrow Barrow range Delaware Hudson declined to 46 6 8 3 3 off of 2 and recovered only a small portion of the loss Atchison Atchi- Atchi son eon on touched 72 8 5 off of 2 3 38 Louisville Louisville Louis Louis- ville yule Nashville also lost more more- than 2 points while declines es o of a point or more were made by Pennsylvania Pennsylvania Pennsyl Pennsyl- vania vanla New York Central Baltimore Ohio iN Northern Pacific Illinois Central and Great Northern ore ore- Selling SIdling of ot the carriers carriera followed the he Interstate te comm commerce commission commis sion lion order to reduce railroad passenger passenger pas pu- fares to 2 cents a mile made madey y yesterday Nearly all al roads road joined the tho decline despite statements by some executives th that t the tho reduced rates ates would help them Wall Street looked for lor lower ower earnings and traders felt that the cuts would not attract enough new business to offset offset off ot- set the lo loss in revenue Gains R Registered A sizable group of oC issues registered registered regis regis- tereci gains Utilities were fractionally frac frac- higher Cuban-American Cuban Sugar made another new top for tor forthe forthe the year and its preferred gained more marc than a point Case shot hot up upi i 4 1 points to head rise in the farm Implements ment Motor Issues scored small advances Silvers firmed and coppers about held their their- own Oils were better Small advances were noted In American Smelting Auburn Auto Borg Warner Chrysler Continental Baking A A. A Kelsey Hayes Wheel A A. A General Motors Pullman Pull Pull- man Studebaker Texas Pacific Coal and Oil U. U S. S Smelting and Western estern Union American Home Products made a new top with a gain of ot more than a point Follansbee e Brothers rose a to a new high Steel issues fluctuated In a narrow narrow nar nar- row y arc just under their previous closing levels Traders looked for tor another Dother pickup In steel operations next week with heavier orders order from the automobile companies Trading Quiet Trading was extremely quiet Vol- Vol for the we week k was the lightest since the first o of the year and it brought down tho anticipated February February February ary showing The total sales for February however were the highest highest highest high high- est for tor that month since sine 1931 Bond volume was the best since February ary nry 1934 except for last months month's s total The market markel closed higher for th the month thus rounding out eleven cleven straight monthly advances a new record for recent market history The list has made an almost continuous continuous continuous con con- advance since Ince mid March 1935 Dow Jones' Jones preliminary closing averages showed Industrial ot off railroad off of utility oft off Prices Irregular Trading on the stock market this week was the lightest since the tha first of ot the year and prices fluctuated irregularly over a broad area After four days of steady decline the market had a rousing recovery Thursday only to sag lag again Friday Various moves at ot Washington to curb speculation together with a prospect taxation were fac fac- tors Automobile production turned up slightly and sharp pickup was looked for next week That brought demand for automobile shares hares b but buta t tA a majority o of the issues closed dosed lower low low- er on the week because of ol losses established earlier Motor equipments equip equip- menU ments however r made sharp gains and closed tho the week higher Ste Steels I Recover Steel shares were little changed having re recovered losses Steel Ingot production for the week was the best since December 16 wIth the output around tons against tons ton in the prece preceding week Utility issues rallied front from early lows Iowa but closed the We WeAk k lower Several Sev Sov eral companies reported improved earnings and electricity output continued continued continued con con- to make a n good showing Coppers received a lift Jilt when Anaconda Ann Ana conda ond declared red a 25 divid dividend nd tho the first since 1931 and reported 1 net income equal to a share haro for tor 1930 1935 ag against 22 2 cents n a share In 1931 1934 L Lead ud and Zinc stocks fol followed fol- fol towed lowed higher prices for those corn com Car loadings In the week ended February 22 declined d cars from the preceding week because of the Washington's birthday boll holi day They were cars cara above he the corresponding 1035 week however how how- ever |