Evening star., 1925-11-13
VIOLENT ADVANCES
IN STOCK MARKET
Railroad and Oil Shares Lead
Rise-Many More Peak
Records.
BY STU ART 4. WEST.


NEW YORK. November l3-Taose
who have been saying that specula-
lion would turn to the rails and oils
found their predictions borne out to-
day These two groups were the fea-
lures of the market. Under the lead
e Now York Central, the high-grade
Gividend-paying rails We're bid UP
sharply some of them to their best
pIiCeS of the year. while the entire
oil share list went forward. During
he campaign in the rails and oils
the majority of the motor stocks
were hanging fire. Many stocks were
n active demand, with advances of
10 5 points and more.
Oil Move Popular One.
The diversion into the oils was a
popular move. Nothing could have
been more calculated to stir up again
public interest in the market which
had begun to waver after the SenSa-
1ional gyrations in the motor stocks.
Narla nd, Mid-Continent Petroleum
and Skelly made new highs. Inde-
PENDENT Oil and Gas was very strong
and so was Standard Oil of New .Jer-
ey. The offer of new stock in Phil
ips Petroleum at $40 4 share was
balanced so far as market effect was
-OnCerned by the increase in the di-
vidend from 81 TO So.
New York Central crossed i29 for
The first time, its upturn reViving dis
cussion of the possibility of a dividend
increase at the December meeting.
baltimore and Ohio passed the 90
mark, which brought it into new
high ground. Other rails which did
better than they have this year in
Guided Norfolk and Western, Lehigh
oil
Northern Pacific and Ann Arbor pre-
ferred
Other Rail Shares Gain.
New Haven. with big turnover as
il reached the 40 level, was also sell
ing at top figures. The buying move
ment extended to Canadian Pacific,
Union Pacific, Southern Pacific, Chi
cago Northwestern, Southern Rail
way, Chesapeake and Ohio and At
lantiC Coast Line.
Although the market was no longer
dominated by the eXtravasant tiuc-
ruations in the motor shares. these
had their share of the advance. Du
UOnt pushed forward over IL points
and Chrysler, Mack Trucks and Fish
ar Body were all bid up sharply. The
street had SO long expected the So
extra on General Motors that the
announcement after the close Of
business Thursday brought in selling
rather than buying.
United States Rubber. again a big
feature crossed 96 before the trading
was an hour old. Other rubber stocks
were for the most part higher.
United States Steel was up 2i2 points
an the day and nearly points from
ne low of Tuesday.
There We're high records in Ameri-
ran Safety Razor. American Ice.
Weber & Heilbroner. American Inter
rational, WHY'S Overland preferred,
Montgomery Ward. California Pack
ing. General Baking preferred, Owens
Bottle. Atlas Tack and International
Business Machine. Sharp advances oc-
Cured in American Can. Commercial
Solvents "A and B General Elec-
tric, Baldwin Locomotive, American
Car and Foundry, Foundation Co.,
Case Threshing Machine, May Depart
ment Stores. Remington Typewriter
and Sears RoebuCE.
Prices Highest at Close.
The railway leaders sold al their
best in the last hour. 1t was then that
stocks like Pennsylvania, New York
central. B. 4 O., Northern Pacific
Norfolk and Western and Atlantic
Coast Line pushed through the high
points for 1925. The steels were
taken up. and following these the
Coppers. The steel and copper groups
divided interest with the rails in the
fyNo l,i1a f,a -