Evening star., 1925-06-22
PUBLIC UTILITIES
LEADERS AT CLOSE
Stock Moves Are Uneven All
Through Session-Money
Higher.
BY STUART p. WEST.
Special Dispatch to The star.

Special Dispatch to The star.
NEW YORK June 22.-Trading on
the Stock Exchange today was enliv-
cned by active buying of some OF the
motor and related shares. The imme-
diate incentive for this movement was
the stock dividend announced during
the day by du Pont. Du Pont and Gen
eral Motors sold at the highest for the
year, and other members of the auto
bile group. including Studebaker, were
in demand. The sugar stocks were
taken up again and there We're a num-
Der of new high records. The largest
gains were again made in stocks OF
the specially type.
Several New Highs.
Several new high records were made.
Among these were American Type
Founders. United Cigar Stores, which,
under buying of what could properly
be described as an inside sort, rose
3 points; edgraVeS, Newport News
and Hampton, which had a further
jump of points on top of last week S
10-point advance, and Dodge Bros.
preferred.
There were d number of strong fed-
lures, particularly the sugar stocks.
These went up because of the belief
that the sugar industry has discount
ed the worst. American Sugar sold
above 66, which meant a gain of
more than a point from Saturday and
/ points from last weeks low The
other sugar stocks were all in demand.
Cuban Cane preferred, around "a, was
up nearly point.
Some Strong Issues.
Hudson and Manhattan gained a
point. Texas Gulf Sulphur was up
over point, and so was Fleischmann,
Nivaudou. which has been active for
several days, showed the effects of
the buying by an advance of a point.
Pullman rose points, and Stude-
baker over a point. Calumet and
Arizona was one of the strong points
in the mining section of the market
with an advance of over > points.
Among the public utilities Philadel-
phia Company was the leader, ad-
YanCing over Il point.
Ward Baking 3 continued its re-
cent advance and rose another point.
The improved conditions described
in the leather industry We're RESPONSE
BILE for the advance of over a point
in Central Leather preferred. Owens
Bottle ran up over ,.
Du Pont Increases.
Wall street had anticipated the
stock dividend announcement by du
fOnt LIE ->eIllOulS, Dul llSSedu VI lilC
usual profit taking which follows such
good news" Du POnt advanced TO a
new high for the year, and General
Motors went along.
The current dividend rate on du
Pont is $40 share. There was a
story that IS a share would be paid on
du Pont after the addition of stock
through the 40 per cent dividend. In
such an event the disbursement to du
PoH stockholders would amount to
substantially more than $40 : share.
Probably the fact that nothing was
said about changing the dividend rate,
even after the stock dividend, was re-
sponsible for the active buying of du
Font today.
There seems to be a wide difference
of opinion regarding the future of the
sugar market. Many are inclined to
discredit the talk of higher sugar
prices, basing their contentious on the
ground that the world crop will be the
largest in history. Those who expect
higher raw sugar prices are figuring
out what such improvement would
mean for the earnings of the produc-
ing companies.