Evening star., 1925-10-25
VIOLENT ADVANCES
.. IN STOCK MARKET
Industrial Averages Highest
for All Time-SteeI Best
Since 1917 Boom.
BY the Associated Press.

NEW YORK. October 24-Bullish
operations We're resumed with increas
ed vigor in today's brief session of the
stock market. Heavy protit.taking
sales toward the close, apparently In
spired by the belief that bear traders
might try to repeat last Saturday S
coup by hammering the list after the
initial outburst of strength failed to
impede the advance, which ranged
from l to 10 points in the active
issues.
The general Industrial average was
lifted to now high record for all time
and the general railroad average
duplicated the high established earlier
IN the week. Total sales ran above
one and quarter million shares.
Factors i'm Advance
Pool operations We're stimulated by
the growing investment demand for
the high-g grade stocks, reflected in the
Increased odd lot and cash business
reported by brokerage houses. With
recognized banking and industrial
leaders predicting prosperity for the
months to come and prospects of a
sharp reduction in income taxes, spec
ulatorS for the advance had little diff
hculty i'll maintaining bullish en-
thusiasm
Renewed weakness of French francs,
which collapsed to another new low
record for the year at 4.07 cents, was
again disregarded as a stock market
factor, although it inspired further
liquidation of French bonds.
Motors Climb Higher.
Despite the uneasiness resulting
from the sensational 10 points ad-
vance in Chandler yesterday, half of
which was lost today. motors con-
tinued their move TO higher ground.
Jordan Motors was run up 8 points
TO 81 at the expense OF an over
crowded short interest. Chrysler
at 2o4 and then fell to 201E.
General Motors touched 1874, as
against a low of 1912 earlier in the
week, and Packard, Studebaker,
White and Moon showed gains of a
point or more. Mack truck and Paige
Detroit reacted on profit taking.
Steel Highest Since 1917.
United States Steel, common, moved
up points to l3O, the highest price
since the elimination of the war boom
in 1917 Bethlehem Steel closed over
3 points higher at AK, Gulf States
moved up points to S6 and Youngs-
town Sheet and Tube closed frac-
tionaIly higher at SO after touching a
new 1925 high at S4t2.
Specialties again presented several
outstanding points of strength. United
States Cast Iron Pipe was run up over
points to 2l9A American Ice jump
ed nearly S points to III and the Com
mercial Solvents issues. National dis
tillers. Loose -NVlies Biscuit and Rail
way Steel Spring all showed net gains
of 3 points or more.
r,, TounhaS Nau Hiph
American Can touched a new record
high at 256a. but later slipped back
10 255 for a net loss of l point on the
day. United Drug, New York Can
ners, American Radiator and United
states Industrial Alcohol. all eclipsed
their previous 1925 high prices.
a sudden outburst of strength IN
Pittsburgh and West Virginia, which
soared nearly points to a new high
record at 90, was the outstanding fea-
uure of the railroad group.
Nickel Plate advanced 2 points to
q new top at 142, but most of the
other active issues showed only frac-
1ional changes.
Speculative interest in the foreign
exchange market was divided between
The weakness of French francs and
the further recovery in sterling ex-
change, demand bills being quoted at
4s41R, a. new high on the current
movement.