| Show UTE LATE LA IE REBOUND LIFTS MARKET mm Pools In Sugar Motors and arni Tobacco Are Arc Effective f r NEW YORK Tan 4 fly 4 Dy The As Associated lre 1001 in tho llio motor to- to tobacco to to bacco and unil nr lue Iss callS cans cd ed a Ii rebound re In In Jr toda's late laiC In lu the stock tock market after nn nil Inter Interval val sI of e b the disappointing n Uon by 11 directors of the tho AL AI Tore Topeka S 6 Santa bunts l o 0 N Na tI a-tI l motors sold at al Its hl level since the plan and South nico sugar niso nL o got gol Into record i territory CrOm the thc low figure figuro of the tho forenoon ran to as ns much AS asfour four points laid In gained NEW YORK Jan Ey 4 4 By The ASsociated NEW press Speculators for tor t the he decline succeeded In bring bring- bringIng bringing brine Ing Ing about a n further reaction In market A largo large Increase In brokers loa ls last weeks week dis- dis Mexican dispatches and disappointment over o I the tho action oC ot directors of the tho Atchison T Topeka Santa Fc Fo rail rail- rail railroad road In declarIng an extra cash anch dividend of only 75 cents alt all tend tend- tended tended tend tended ed to create creato bearish sentiment which an easing casing of ot money rate rates and business forecasts LOSK SIX POINTS Wall Wail street apparently had an Inkling of ot the action to be taken by Atchison I directors rectors as the stock opened 4 points lower rallied about 4 i 4 just before the Ibe dividend vai as ai announced l and then the sold down to an ht loss of o nearly six fix points Sharp also took place In n such issues its u Atlantic Coast Line Jerrey Jer sey ey Central and Westinghouse house Selling ot of stocks also may moy have been influenced by bit a spoor poor November earnings report by bythe bythe b the Pullman company con pan which showed an operating deficit ot of nearly as u against operating operating ing Income of ot nearl nearly In Inthe inthe litho the same me month of 1935 1925 a a drop In freight traffic traUl on the Chicago and nd Northwestern in December a 0 i decline cf of 50 cents a ton On Bessemer Iron In the tho Pittsburg district and a a ailing falling oft off In De- De December cember sales aies of or Soars Roebuck company compared with the year before ATTEMPTS lIlA AIL An attempt to rally the tho list by bidding up a selection list of mo- mo motor motor mo motor tor sugar and tobacco shares aroun around midday met with little success although gains ns of ot 2 to 3 points were b by a jaw few issues Issue In those grou groups ps These were wee reduced when hen selling pressure was renewed rene In the early after after- afternoon afternoon afternoon noon The closing was wu steady Active buying of the motors was ro- ro renewed re renewed In the final hour and their lse to the best prices of ot the tho day overcame the effect of sentiment produced by the disappointing AtchIson dividend Gell Central Io Mo Motors tors toTs crossed and Baldwin IGO Total sales approximated shares hares |
