Evening star., 1925-12-07
NEW HIGH LEVELS
IN MANY ISSUES
Presidents Views Along
Agriculture Lines Help
Advance in Stocks.
BY STUART =. WEST.

Special Dispatch to The Star.
NEW YORK. December After
an irregular price movement for the
first hour or so. on the Stock EN-
change today, operations for the rise
were resumed Some % separate is
sues reached their best prices fol
1925 and good-sized gains occurred al
through the list. The rails as q
group were fully as active and strong
as the industrials. but the buying
was pretty evenly distributed.
Southern Rails Strong.
The new high record in the rail
way section included Atlantic Coast
Line and Louisville and Nashville
Merger talk again accompanied the
rise in these stocks. Also, ii wa:
said that a stock dividend was ir
prospect for holders of the former
Pennsylvania was feature at Its
highest for 1925 and so We're Kansas
City southern, New Haven, Missouri
Pacific, Western Pacific and New
Orleans, Texas and Mexico. st. Louis
Southwestern. Rock Island and Wa
bash all We're bid up briSkly.
The steady demand for these and
other railway stocks bore out the re
cent bullish predictions that the rail
way stocks would play an important
role in the market when the eXtrav'
aEant boom in the month and high
priced industrials had received 4
check Wall Street was paying more
attention to the favorable data re-
garding the railroad transportation
industry and to the outlook for high
earnings of the year.
fractions Given Boost.
Along with the rails the greater
New York Traction securities We're
81 h.,
Transit Interborough Third Avenue
Railway. and New York Railway is
sues were more active than they had
been in some time. Brooklyn Man
haitian was especially strong.
In the industrial section the new
high records took in American Sugar,
Atlas Powder. Consolidated Cigar com
mon and preferred, General Asphalt
preferred. Julius Kayser. Artloom pre-
ferred, Schultz and Postum Cereal
The last named continued its remark
able rise, advancing several more
points, on top of last weeks Il point
rise. At its best prices Postum was
30 points or more above its low of a
week. General Asphalt common also
was bid up.
Other Strong Spots.
Other strong spots in the industrial
list We're FleiSChmann, Montgomery
Ward. Foundation Co. and Chrysler
Motor. Hudson Motor was in some
demand. American Can started in
heavy again. The selling was referred
TO as a bear raid" but gossip had it
that the directors. at their meeting
late this month would defer action on
the much heralded recapitalization
plan. United States Industrial Alco-
hol dropped to its bottom figure for
1925 and American Smelling en-
countered some selling
American Tobacco and Tobacco
Products shares We're weak for a
while following the announcement of
the death of the head of American
Tobacco. American Water Works
and Columbia Gas featured the public
utilities.
Interest shifted to the industrial list
on the Stock Exchange in the course
OF the afternoon. 1t was stimulated
by a buying wave in the motor shares
and in some of the oils. Practically
all the automobile stocks gained
ground Their rise was due largely
to short covering. In the oils the
favorable factors in the trade situation
were receiving more attention. Fresh
advances in PENNSYLVANIA and Mid.
continent oil prices We're anticipated
and these in a speculative way are
quite apt to make themselves felt in
the stock market.
The year drawing to a close has
been very profitable for the we'll ma n
aged companies. Moreover. the sta
tistlcal position of the industry is
strong, which augurs we'll for earnings
at least during the first half of 1926.