Evening star., 1925-04-13
MOVES ARE MIXED
IN STOCK MARKET
General List Changes but
/. LittIe-Individual Strong
Spots Noted.
BY STUART r. WEST.

BY STUART p. WEST.
Special Dispatch to The star,
NEW YORK, April 1S.-Today $
stock market had the appearance OF
doing a good deal more than It did.
Actually it cot nowhere in particular.
There were more individual points OF
strength than of weakness, but in the
main body prices changed very little
and the market was more than ever
left in the hands OF professionals.
Rail shares DragEy.
Chicago and Northwestern continued
to be pressed for sale at. new 10"
prices. the Street ignoring completely
reassurinx statements which were put
out last week regarding dividends
Shares of other roads in the same
territory were sympathetically al
fected-Northern Pacific ana Gre9l
Northern preferred and the wnoie
railway list most of the time was
dragging. Panama Canal conpeu-
ton continued to be discussed as
more and more formidable factor Tor
trans continental lines. Selling proke
out in Pennsylvania. The best that
PennsyIvania's earnings now hgure
out is between $3.50 and ~ snare
as against IS paid out in DIVIDENDS.
oils Inclined 10 sag.
OIL shares were distinctly disap-
pointins to the large following
scattered all over the country. Ihey
were not noticeably weak, but most
of them were inclined to sag Mar
land Oil was more heavily SOLD Ihah
the others. this because the 192f re-
port will be very poor. despite the
Fact that earnings during the first
three months of 1928 were flve to six
times larger than during the entire
10 months of 1924.
= Hudson Leads Motors.
Hudson was the,feature among the
motors. getting UP to a new high
well above a. The recently pub
Itshed report for the first quarter
made big impression, especially in
view of the extraordinary strength of
the balance sheet Higher dividends
have been discussed unofffctally, but
the stock has been bought more on
the earnings situation than upon the
possibility of increased dividends In
The near future.
The rise continued in Nash Motors
Maxwell Motors A appeared to have
reached it's limit around 1o4 but the
+ stock went forward nearly points.
Pierce Arrow preferred also was In
demand. Further testimony to the
character OF the much advertised
"oversubscription' to the Dodge
Bros. issues was afforded when both
bonds and stock were freely sup
piled at their issue prices.
sugar at New Peak.
American Sugar made a new high
on the move above IS. The street
has been talking about dividend at
the rate of $6 to be inaugurated in
May The possibility OF a change of
ha1 Il NJ "a vi IN N
Arbor preferred. Loews, Inc, got
a bove oS for the first time, There was
special buying in Famous Players and
in Glidden Co. shares the latter. on,
favorable earnings reports; Coca =
Cola got into new high. ground above
9SIz. AZ, - ~. -, =
French francs were still pausfux,
expressing satisfaction, on the one
hand, that the ministry favoring so
caIist measures to relieve the f1nan-
cial crisis was out of power, YET, on,
the other hand. realizing that the
critical problems of the French treas
ury remained TO be settled
Selling Is Significant.
The most significant incident of the
day was the continued selling of
French securities, dealt IN on q dol
lar basis in the New York market
French government IS made. a. new
low for the year.
The per cents, which supposedly
were heavily ersubscribed- slaSt'
November a "a, were traded in around
IS. Department of the Seine bonds
sold at the lowest for sail time as they
broke 83 All this was not mere spec
ulative selling.
The explanation commonly given for
the recent weakness in Pennsylvania
was that earnings were unsatisfactory
and were none too far above dividend
demands. 4 further reason, as the
selling in the stock appeared again to-
day, was the increasing formidable
competition from the new Nickel Plate.
COca-COIa Prominent.
Coca Cola continued to occupy a
prominent place among the special
ties 1t was estimated that the earn
in-s report for the first three months
OF 1925 would show $3.50 share on
the common, or at the rate of $40
year. Dividends on the junior stock
are 81 annually.
The sharp advance. fn,cAner1ca n. Ice
was partly at the expense of a linger-
ing short interest and carried the
stock up around its highest for the
year. Through traRspor tation and
storage economies American Ice has
been able TO effect a saving on its in
creased yearly production and also ex-
pand its plant facilities to take care
OF increased business. Earnings per
share last year were only, a little. less
than for 1928. ,-..--,. -. -..--. q.
MARKET CLOSES FIRM. sea