Evening star., 1925-07-14
STOCKS ADVANCE
IN LATE TRADING
Rubber Shares Extra Strong
at CIose-Many Moves
in Special Issues.
BY STUART p. WEST.
ial Dispatch to The Star.

Special Dlspatcn TO Inc star.
NEW YORK, July 14.-Despite a
good deal of bearish talk around the
Street, based upon the slowing down
of Stock Exchange business and the
cessation of the rapid upward moves
in individual stocks which were COM
mon a week and two weeks ago, the
market today did pretty well. There
was only a few points OF weakness,
and there were quite number of
points of strength, while, what was
of more Importance, supporting orders
made their appearance readily every
time that prices sold off.
Dodge Stocks Strong.
The Dodge Brothers stocks were
bought on the report for the first
year, which made a wonderful show
ing. Earnings on the common stock
ran at the annual rate of nearly $3.50
a share. The per cent preferred.
selling on an 81 per cent basis, at
tracted lot of fresh buying.
Along with the Dodge Bros stocks
there were new high records in Wheel.
ing and Lake Erie common and pre-.
ferred, in Timken Roller Bearing,
Weston Electrical Instrument, Gen.
eral Railway Signal, North American,
which was up over a point; Sears
Roebuck. Northern Central, which was
up over points; Underwood Type
writer, Household Products, Famous
Players preferred and Sterling Prod
ucts.
Rail Group Features.
Delaware and Hudson, with the
Wheeling and Lake Erie, was the
feature of the railway group. Every
time this stock moves it arouses fresh
interest in the gossip of a new big
system in the East. the center of
which would be the d. and H.
Rubber stocks. more especially the
United States Rubber, paid more at
tention to the rise in rubber prices
and to the big speculation in the rub
ber shares in London and Amsterdam.
There are many who think that the
leather trade is following in the foot
steps of the rubber trade and partly
on this ground the demand for leather
stocks was renewed.
Special Strong Spots.
The principal features among the
oils were Royal Dutch and Shell Union
Transport. Buying of Royal Dutch
followed the announcement of a final
dividend for 1924. amounting to the
equivalent of $1.73h.
There was special strength in Gin
ter, IN Western Union, in Westing
house Air Brake and in Famous Play
ers. Woolworth was bid up again.
and so was Pierce-Arrow. Crucible
Steel was at one time selling a point
higher and so was Hudson Motor.
International Paper was up over a
point and Havana Electric over 8
points. Savage Arms made a new
low, close to so. and there was q
transaction in Pierce-Arrow prior pre-
Serred at loss of II points from the
last previous sale.
The stock market continued in the
main strong in the late trading, but
with the movement Of prices very un-
even. One or two of the rubber
stocks, certain of the public utilities
and a variety of specialties led the
list. U. S. Steel common again felt
the depressing effect of the recent dis
closure that British holdings had been
largely reduced, thereby suggesting
the possibility of an addition to the
floating supply which had to be taken
care of.
For the first time on record mer-
chandise imports and exports during
a single month, June, came out ex-
actly even. In this month year ago
exports were $32, 900 900 above imports,
and in May this year there was an ex-
port credit of $42 200, 900.