Evening star., 1925-04-27
STOCKS Do BETTER
IN FINAL TRADING
Slightly Firmer Tone in Spite
! of Depression Caused by
German Election.
by STUART p. WEST.
Special Dispatch to The Star.

NEW YORK, April 27-The stool
market today was somewhat unsettled
by the news from Germany, but tn,
selling was not important enough Il
affect prices seriously.
Professional traders took advantage
of the momentary uncertainty to offel
down stocks which have a none toe
favorable background. but these offer:
did not make much of an impression
elsewhere. At the same time mum
Der of individual upward moves among
both industrial and railway issues KEEP
the general price level steady.
Nothing New on Reading.
No further light was thrown upor
the Reading situation over Sunday
The stock sold off rather sharply al
the start in sympathy with the gen
eral market but subsequently recover
ed. The demand was persistent enough
TO still suggest special reason, sup
plementing the favorable earnings OF
the company and the substantial
margin over the S4 dividend
Even While prices in most directions
were going down the Seaboard Air
Lines were being bought at advancing
prices, the common above rs and the
preferred above AZ. No immediate
dividend is suggested for the preferred
favorable for the road.
Baldwin Under Pressure.
Baldwin Locomotive and U. S.
Steel were the stocks upon which
traders endeavoring to exploit the
German news concentrated most OF
their energies. Baldwin was driven
down nearly points, and u. s. Steel
sold below la, as against Saturday s
GlnCn T,-@y ~
under S3 was standing at a new IuW,
American Can and General Electric
showed their usual sensitiveness.
The oils were slightly lower with
out any notable pressure. The same
was true of the Coppers, although the
decline in kennecott below AZ was a
disappointment to bulls in view of
the recovery in copper metal Miami
Copper made a new low as it broke
through 9%. The dividend, recently
reduced to 81 basis, is thought like
~ TO be passed altogether. Hudson
Motor was heavily sold until it got
below so. when it began to receive
some support. Gardner Motor had a
bad break, reaching a new low level
Chemical Below 80.
Selling of Commercial Solvents
stocks continued and Dawson Chem
lcal broke below 80 on the publication
of the report for 1924, which showed
q deficit of nearly $500, 900. Further
selling occurred in Corn Products in
response to the quarterly report, which
made an unfavorable showing, but
below SO supporting orders came into
play again. There was a sharp drop
in Otis Elevator, followed by an opti.
mistic statement by the president Of
the company. F'irmness displayed in
some of the public utilities Ameri-
can Water Works was we'll taken care
of and Virginia Railway and Power
was carried up to a new high. The
story is that two of the big public
utility companies are bidding for this
property.
Markets German View.
The superficial view on the Germa n
election was that II raised unfavora-
bic possibilities for the economic re-
construction of Europe. The new
President, Won Hindenburg, was not
opposed to the Dawes plan. but was
quoted as saying that whether or not
1t could be carried out in full would
depend upon the circumstances Of the
future, Inasmuch as the German
loans raised in the United States were
foated on the confidence that the
Dawes plan would go through, 1t was
easy to understand the trepidation
shown in the market for the bonds
today. Naturally. too. valuations of
French securities, which are SO much
bound up in German reparations, We're
equally sensitive