Evening star., 1925-04-29
STOCKS IN RALLY
IN FINAL TRADING
Conflicting Trade in Steel,
Oil, Sugar and Rubber
Shares HandiCaps Market.
BY STUART p. WEST.

Special Dispatch 70 The Star.
NEW YORK. April 29.-Today's S
stock market was extremely irregular,
again getting nowhere in particular
and with volume of business reduced.
Active industrial leaders of the type
of United States Steel common, Bald
win Locomotive and American Can
were inclined to sag. A number OF
speciality moves occurred, and rev
Of the rails were bid up. Sugar shares
we're weak. while the oils were de-
cidedly better.
Oils Show Better Tone.
For some time past expert opinion
has been inclining more favorably
toward the oils. Recent reports or
earnings for 1924 and for the nrst
quarter of 1925 have, as rule, been
good. These. according to accounts
are to be followed by an excellent
statement next week by standard
Oil of New Jersey. The statlstlcai
position in the oil trade has improved,
and the season of maximum con
sumption is approaching. Pan Amer
lean shares led the way. closely fol
lowed by General Asphalt, Pacific on,
MARYLAND and Independent Oil andGas
More activity at rising prices ap'
peared in Pure Oil. in California Pc
troleum. in General Petroleum ana
in Phillips.
Railway shares were a feature In
the early dealings, but did not DO SO
much later on. The activity in first
and second Reading preferred stocks
attracted attention. and ii was recall
ed that the second preferred is ex-
changable. if so decided by the man
agement. half into first preferred and
half into common stock.
Southern Railway sold above go.
where it was up nearly points. wan
street is expecting an increase TO
per cent in the dividend The Seaboard
Air Line ran into a lot Of profit-taking
in their high figures and the impress
sion was that their rise had been rather
TOO fast. Baltimore and Ohio was
strong for time around IS, and
Atlantic Coast Line was bid up
point or more. Louisville and Nash
VILE encountered a good deal of selling.
Rubber and tire shares were not
particularly responsive to the an
nouncement of the coming increase in
tire prices. Weakness in the sugars
was a prominent feature throughout.
Shorts Cover OH Ice.
Spectators who some time ago were
going short Of American Ice on ac-
count OF the competition OF new cleo
trical devices, were taking in their
contracts at big losses. American Ice
sold well above par.
Brown Shoe stock was bid up in
anticipation of an increase in the
dividend from 81 to Sc. So-called farm
supply stocks were in demand. Gid
den Co. shares were actively bought
again.
American Woolen Week.
Selling pressure was eXerted once
more against American Woolen COM
mon, driving that stock below the 40
level. The lack of any reassurins
statements about the woolen trade
has discouraged real holders and also
played into the hands of spectators
for the decline.
Commercial Solvents stocks A and B
were higher from the outset, exceed
ing the top figures of the previous
day and up several points from Tues.
day's close. The tendency toward
recovery here represented short Gov
ering following the reassuring state
ment by the head of the company
about favorable earnings and a salts
factory financial position.