Evening star., 1925-10-09
NEW HIGH LEVELS
IN MANY ISSUES
Rubber. Tire. Steel, Copper
and Motor Shares String.
Rails Also Gain.
BN STUART =. WEST.


Special Dispatch to The Star.
NEW YORK. October 9.-Numerous
new high records were made on tho
Stock Exchange again today. Buying
operations kept on in specially issues
where the greatest activity lay. The
rubber and tire, steel, copper, some oi
he motor and motor accessory ano
the merchandising stocks continued
prominent. and 80 did a few of the
rails.
Many New High Records.
In the list of new highs We're includ
ed Ttmken Roller Bearing, Remington
Typewriter. Underwood Typewriter
FleiSchmann, Gold Dust, American
Agricultural common and preferred
Case ThreShing Machine preferred
American smelling preferred. Stude
baker, United States Rubber. Good
rich, which crossed 20 for the first
time; Freeport Tex, which was very
active on the way up: National Sure
ty, International Paper I per CEN
ureferred, Nivaudou. Adams Express
and Gabriel Snubbers. Then there
we're the department store and chair
store stocks moving into new MGR
ground -Gimbel. Kresge. in connec
tion with which all sorts OF fancy
prices were talked: McCrory h, AsSo
t.iated Dry Goods and Oppenheim Col
Inns.
Why Rubbers Advanced.
The advance in the rubberS was a
reflection, as the movement mas
been all along. of the rise in crude
rubber prices, which went further
TODAY. and the big speculation in rub
her shares in London. There was
nothing to say about Goodrich in the
7as any more than there was in the
Cos. which was that earnings. pun
lfshed and unpublished. indicate any
where from SIS to SIS for 1928.
Tobacco stocks were again in de
mand for while. United Cigar
Stores went up another points
or more and Tobacco Products nearly
g. This was an accompaniment &c
the general talk about the eXtraor
dinarv prosperity of the retail trdae
Logically the tobaccos and the chair
store and department store issues
move together. The Woolworth pres
ident was quoted as stating that
merchandising this Fall will be the
largest this country has ever seen.
Some Other Strong Spots.
Stocks which are interested in tht
'N@S@
ness We're much in demand once more
Among these were United States In
dustrial Alcohol and Allied Chemical
Indications are that the demand FOL
chemical products is the greatest or
record.
The express stocks were very strong
The rise in Detroit Edison continued
and Pullman had another jump. lr
both instances the advance has per
sisted in face Of statements from
Headquarters that there was no JUST
fication for such a rise. The hln
shares. Pathe and Fox. were active
and higher, and American Sumatra
kent on with it's advance. attended
hv reportS that the reorganization
plan would be very favorable to it:
shareholders.
High Copper Helps Stocks.
Estimates of the current earnings
of the Anaconda Copper Co. place the
net per share at around 81. These
calculations. together with the re
ports of improving conditions in the
copper tlade, are slowly making
themselves felt in the market for the
copper shares, Anaconda included.
Two things may prove importa nj
factors in the copper share list-f1rst
higher prices for the metal here and
abroad. and, second. the consolidation
of one or two of the North American
producers. Copper metal today ad
vanced TO 1855 cents a pound. as
against the recently prevailing figure
Of 1412. This rise accompanied