Evening star., 1924-09-16
BAKING COMPANY
STOCKS co HIGHER
Rubbers and Motors Also Do
WeII-Good Buying in
.ras,
Railroad Shares.
BY STUART =. WEST.

DAYS market the main body OF stocks
did not move much, but the ndlNluuai
changes were mostly up"aio. ihi'
showed that following the reaction
in the first 10 days OF Sc: temnef,
the position had been sufficiently
strengthencd to cncoura - the re-
sumption of operations fo.- the rise in
special issues.
Rubber Stocks sta Out
Rubber stocks stood out strongly.
particularly the low priced shares
like Ajax. Fisk and Kelly. a promi-
nent Wall street house in its letter
of the morning mad@ the following
statement: THE rubber stocks are
working into q NOR" favorable posi-
tiun. We understand there might be
IN acute shortage of crude rubber III
1926. and that far-Si%htcd interests
are accumu atin@ both crude rubber
and the tire and rubber shares ior
the long pull
The jump in Goodyear preferred
was one Of the features OF the mar
ket
The action nn tn. truc;ble Steel
q idend WA ~ sch hedul"tl until Il
er the close of the IN riiet. The street
was full of contradictory rcpo. Is, and
the tiuctuatunS of the Stoc" "er,
CORE spondingly confused Steel com
mon appeared to be running into bet
ter support around i0G"s. but the at
titude of the leading intere is N TINS
stock was evident y :. waiting one.
Good BuyinE In IL ills.
Among the rails special buying was
app;.rent a;:; in in ST. Loui and san
Francisco common, fitting IN with re-
ports that the road Is being hSur,d Il
IS Il member of another railway con
solidatiCn.
Similar rumors were current IN
connection with the rise in GulI. Mo
bile and Northern preferred across
-. Delal ed rea iZiE= sales follow
ing the announcement o. the SrGrt
cation plan accounted ror The Il. OIL
in P:tts:,ur-h and West Virginia.
EXtiaui linal! rise in cen tai
BIking cont nu,d, arc"mr;inl ...
similar advance IN other IN IN 4. .
tn, group dealt in on the cur. Ike
ports of a big mer-rr we're re
sponsihle-
United States Realty broke rather
sharply on the public: ton OF the
report for til, quarter ended J y
81. This showed that whu Gross
was s916,>>5 against S1>s.N55 last
~. net was down from ,5@0..5l ="
s6o7.cl5.
Cuban Dominican SuGar GaIn>.
at rising prices in Cub ~ d mincai.
Su-ar common were. evidently based
on the tXpe"tation OF bet er show
ing in carvings. About 20 per cen:
OF its 1923-2t harvest h@S beer
marketed at fairly good pr ces
The b lance sheet, however. is no:
especially impressive. Il the com
pany sells tbs remainder of its sugar
at current prices it VIII strike
Il,
dividends on the. preferred are still
REGARDED as remote.
Loose Wile> Bis, uit was bid up.
developing more Sticn-th even In
National Ri icuit. which or,iina ill
takes the lead n this c';t:s Of stocks.
The advance fitted in with The cam
paign in the food $40, iiS and was
unIuubtedly helped in Il sentimental
Wy ny the jump in other king
sto ks.
There il a comp. ratiTcly small
outstanding suppl" of Loose Wiles.
ne -i':ce the sevenfu"-une split in
n tional Biscuit. that stock has been
Rather hard TO "bu,!.'
stock Dividend Ia h.
The re ent activity in White Motor
is attributed to the posSib ity of
stock di> idend. 1t is rumor, d that
this is being discussed :; nd that ii is
more likely 10 BE- given than an extra
cash d sburSment. White has $50
G0o.n00 : ock of $50 par ou,s ,aading.
: .v...v -. .t>t be- :, .. ~,
II 70 of 1 or 3 pr celi nunually. and
earnings have exceeded div;f"nG re-
uu;renent- by d VIDE U-.,n - co.
'ditionS in The motor :. * inuuStr.
have steadily Improved.
NJ, xican ScI board, winch lately
showed independent strength among
the oil stocks had Il rather sharp
break at the outset today, subse-
quently recovering. Apparently the
stock had been "bulled" for no par
ticularly fresh reason. ard today was
simply reacting.