Evening star., 1925-05-12
new HIGH LEVELS
| IN MANY STOCKS
Motor, Rubber, Tire, Gil and
Some SpeCiaItieS Are
Market Leaders.
BY STUART =. WEST.

BY STUART J.. WESI.
pecial Dispatch to The Star
NEW YORK, May 12.-The up
ard movement on the Stock EX
hange gained further ground today
the result of the rise in several i'm
ortant groups, such as motors, rub
er and tire shares and the oils
rading was active in these quarters
nd as a result of some of the indi
idual advances new high prices were
Established.
Strength in numerous Specialties
bowed that advantage was being
ken of the present market by pool
Z Slterests to bid up their favorites
he buying was orderly and still ap-
cared to be discriminating in favor
stocks representing satisfactory
'ade conditions and good earnings.
Higher Rubber Big Factor.
Rubber and tire companies will, of
purse, be benefited by the great rise
crude rubber according to the
mount of raw material which they
ave on hand. Where there has been
EIying for immediate needs only, the
tuation may be hurt by the advance,
ecause there viii be a question of the
bility 10 pass this increased cost to
known to be in an exceptionally
pod position as regards raw supplies,
nd the rise in the common stock
bove At and in the preferred around
ar was easy to understand. Kelly
|pringfield got well above 10. Fisk
as heavily traded in up to II. Ajax
5 it crossed 141a was selling higher
han at any time either this year or
st.
Profits Taken in Motors.
Motor shares ran into a lot of profit
liking. particularly Willys-Overland
bmmon as it again sold above "a. On
he other hand, Willys-Overland pre-
frred made a further gain of over 3
.pintS before the rise was checked.
|ackard was actively sold around %
nd Continenta Motors at and just
Dove II.
Southern Railway seemed to have
bit over the unfavorable effects of the
Fsertion by the president that no in
Tease in the dividend was contem-
I Iated yet awhile. The stock rallied
Fer a point. St LouiS-San Francisco,
Ihich sold at II Monday, rebounded
Ter 1 points. Some of the other low
&-iced rails showed evidences of fresh
$lying, among them Rock Island
ansas City Southern, and Missouri,
ansas & Texas.
Oils Swing Upward.
Fluctuations in the oil shares were
gain comparatively small, but in the
[ ain their drift was toward higher
|fices. Marland got above IL. Pa
PIC Oil rallied point. Other oil
.ockS, as rule, were somewhat
Igher
Private dispatches from Tulsa
bowed that the prices of gasoline and
bel oil had risen in the past week
.hd that the demand for refined
.roducts was very heavy. To this
.tuation was traced much of the buy
! e in the oil shares and fitted in
| ith the recent favorable picture of
! trade conditions. The sale Of
bsoline to consumers is rapidly
bunting, while such companies as
tandard of New Jersey are buying
|ld storing huge quantities of crude
.hd refined products. When their
.lpplies run low it is unlikely they
tll buy at high prices, for the prices
crude will eventually go lower.
Oil Company Reports.
The results of the Standard Oil Co.
new Jtl StN lOi lJ-f llflNC Il
vorable impression. Net income
as $S4,OO00 900, against $50 900, 900 in
i23. The statement of Standard of
ew York also made a highly salts
lctory showing.
Hupp Motor Accumulated.
Buying of Hupp Motor was inf1u-
heed by the expectation of a favor
BILE report of net income for the six
Ionths ending July 81. Earnings in
3e four months ended May /, after
Xes and depreciation, were over
500 900. There are no bonds or
referred stock, the preferred having
ben retired, leaving ii capitalization
less than $4,000, 900 outstanding.
There was rather active short COW
hing for a while in Pittsburgh Coal
kares, as the result of trade opinion
lat the depression in the industry
| Id just about seen it's worst.