Evening star., 1924-11-18
WILD STOCK RISE
CONTINUED TODAY
Trading Very Heavy Over
Broad List-Many New
High Marks.
By STUART y. WEST.


Special Dispatch 10 The Sta-
NEW YORK, November 1s.-The
upward movement on the Stock ~,t;x-
change gained fresh momentum today
under the lead of the railway shares,
which were in excited demand at top
figures.
The revival of the buying in the
rails swept high-srade and non
dividend paying stocks AS well. In
many instances. to the highest level
reached in several years. The gains
amounted to two, three and even more
points. A broad list OF industrial
stocks at the same time were bid up
sharply. and speculative syndicates
were encouraged to resume operations
IN stocks of the speciality type. Many
stocks which had hung fire under the
load of profit-taking the past two
days went ahead briskly again.
Southern at New Top.
southern Railway common at IS,
where it was liz points above it's
previous high; Missouri Pacific pre-
f-rred above SO. New York Central
across 11e, st. Louis-San Francisco at
a new top figure, around SO; Baltimore
and Ohio above 20, for thefirst time
this year, and Rock Island. New Ha-
ven and Texas and Pacific back to
their previous high points were some
of the main features in the railway
share movements. Still another was
the advance of 1 L to 8 points in the
Northwestern group-Great Northern
preferred, Chicago northwestern,
Northern Pacific and the st. Paul pre-
ferred.
The Street was already debating
the possibility of the dividends on the
first three named of these stocks be-
ing restored ultimately as the result
Of the new-found prosperity in the
agricultural regions. 1t was also
contending that under present condi-
tons the st. Paul should be regarded
a g practically out of the woods.
SpecIalties Pushed Up.
In the industrial section the field
was abandoned to stocks of the spe-
cialty sype. where there were lively
advances all along the line.
Among the specially features were
Mack Trucks. U. S. Distributing, Inter
national Business Machine, Kinney. AS
sociated Dry Goods, American Ice. in
which some urgent short covering took
place; Sears Roebuck, Montgomery
Ward. Savage Arms and Radio Cor
poration, which had another big jump
on reports that the company would be
involved in a merger.
The sharp advance in Dawson CheTni-
cal followed the denial by the president
of the company Of reports that new
financing was being contemplated.
Much Dividend Talk.
Another top for Associated Dry
Goods strengthened the belief that at
the next dividend meeting the present
stock would be split up on a two-for-
one basis and a higher disbursement
10 shareholders declared. 1t is eX-
pected that the dividend on the new
stock will be either 81 or S. a year
which would be the equivalent of IS
or SO on the old. Associated Dry
Goods business at this season is the
largest of the IL months.
An extra dividend of 81 to So is
anticipated at the Texas Gulf Sui
phur directors meeting this week.
Earnings fully warrant such dis
bursement. Some attention was
paid, also, to the statement of the
company's president, that the SELL
ing prices of sulphur had long been
too low and that the many uses to
which sulphur is being put have in
creased and broadened the demand.
So 'lueo lad o. e3eI aVl W asesLo
-uI NV 'uonoB puepIAIp elqeIoArJ
loI suIT VI se peuoIlu9W ss.M UoIuM
T0ols JeulouC sea- SS5IdxT Suuspy
against the present 6 per cent, is
looked for. An extra distribution to
Wrigley shareholders late in Decem-
ber also was talked OF. The latter is
regarded as behind other good will'
and merchandising issues