Evening star., 1925-04-15
| RAILROAD SHARES
|, ABSORB INTEREST
Motors Also in Demand, But
Oils and Sugars Are Weak
on Price Outlook.
BY STUART r. WEST.

\ Special Dispatch to The Star.
NEW YORK. April 15.-lnterest
1 was. largely absorbed by the railway
shares in today's trading on the stock
exchange. The motors continued in
demand. The oils were heavy, re-
f1eotinG disappointment over further
crude price cuts as we'll as fear that
more reductions would follow. The
4 sugars, too. were weak.
The rise in rails took in practically
the entire list.
Merger Talk Aids Rails.
The advance. accompanying discus
sion about merger projects and about
dividend possibilities. was the most
impressive in several weeks in this
class of stocks.
Constellation talk was back of the
buying movement in the low priced
rails. No further details came to
light in connection with the new
Southwestern merger. but the stocks
OF the roads concerned-Kansas City
Southern, Missouri -kansas-TeXas and
Missouri Pacific-were all strong
again. up l point to points. The
buying spread to other medium and
low priced issues, to stocks like
Rock Island. St Louis Southwestern,
Wheeling and Lake Erie and Texas
and Pacific. Southern Railway was
up over point.
Il. & @. Shares Strong
The higher priced dividend paying
rails were more active at rising
prices. Lehigh Valley was taken up.
and SO was New York Central. Louis
vile and Nashville was bid up .
points or so. Baltimore and Ohio was
comparatively strong. Atchison was
back over half the ground lost be-
L. y.
and the low of the March reaction.
The real feature was Western
Union selling at record, prices. The
stock was up 10 points from what
II was quoted at when the president
of the company announced there was
nothing to fear from radio compe-
tition.
Hudson Motor Jumps.
Hudson Motor jumped another
points, then ran into considerable prof
1t taking. Large blocks of General
Motors changed hands as the stock
crossed 73.
Short covering continued in the
Steel shares. Bethlehem got above 43,
then fell back a point. United States
Steel was up over points from it's
recent low.
The Goodrich directors took no ac-
tfon today on a common share divi-
dend. This put a stop to operations
for the rise in the rubber and tire
shares.
Congoleum Breaks Badly.
4 bad break occurred in Congoleum
following the liquidation which had
been noted Tuesday. The stock fell
to a new low for the year and ap-
proximately Is points below its 1925
top The selling was ascribed to the
w & J. Sloane interests, which
now are competing with the Con-
geleum in the linoleum business.
There was fair amount of buying
in Glidden common stock in response
to reports that the company was earn
ing at the rate of S4.75 a share. that
the business from the beginning of
the fiscal year, November through
March, was 10 per cent over the same
five months year ago, and that
bank loans would be nearly if not al
together wiped out before the end of
1926.
Union Pacific Heavily Sold.
During the selling movement in
Union Pacific there was further talk
about the possible consequences of the
continued Panama Canal competition.
Rumors of unfavorable dividend ac-
tion by Union Pacific are not taken
seriously in conservative quarters.
However, some attention is being paid
to calculations of what effect on the
earnings of the big East and West
railroads the Panama Canal traffic
is havings