Evening star., 1925-05-15
STOCKS ADVANCE
IN FINAL TRADING
Many Special Issues Extra
Strong in Afternoon.
- Money Higher.
BY STUART L. WEST.
/ to The Star.

special Dispatch to The Star.
NEW YORK, May 15.-Low-priced
rails and "a variety of industrial spe-
cialties We're the features in the mar
ket today. The standard stocks, how
Rver came more to the front in the
afternoon. There was unusually
heavy trading again in the Wheeling
ahds Lake Fries, which carried both
glasses rpf stocks to new high prices.
This was associated with the stimuli
taneous strength in New York, On
t8tio and Western above 26. These
twoiroads are supposed, according to
the gossip of the day, TO be going
into a new combination which will be
built around the Delaware and Hud-
XsPffe move in New Haven might
have been inspired by the prospect
of the sale of the Oneida and West
ern at good prices. The buying in
the stock followed a sudden demand
Tor nrhep New Haven bonds. Other
foWoprieed rails, which came in for
atsentioni were the Chicago and Great
western and the eaboards.
,sdt bI,BusIls Terminal Active.
1ns the speciality group the new
stocks ofifhe Bush Terminal were
prominent, the common advancing
nearly 2Hpoints from where it started
ats15! 0 yrhe'6ld Bush Terminal shares
sold at aonew high. Special opera
Fi5Tis for the rise, whether conducted
SS fhditidual traders or by pools,
we're ol CONSPICUOUS in International
Business Machine, Glidden, Spicer,
GiRter,i Kinney and the fire insur-
ance' Stocks. The last named were
bought on the strength of the story
THAT there was some hope of collect
Ing 'War" tfndemnities from Germany,
in wfichl these companies are inter-
tedetSontinental Insurance and FL
deity and Phoenix were the two
Ramiy concerned.
Mack Trucks i'm Jump.
The extraordinary advance kept on
in Mack Trucks, the stock pushing
through the $50 level early in the
day and subsequently continuing its
rise. There was nothing new to be
Sdft that has not been said about
this stock time and again. 1t is sim
ply question at what stage the up
ward movement will be regarded as
having discounted a capital split-up
which will give shareholders a bet .er
chance than they now have of getting
the full advantage of the company 8
remarkable earning power.
St. Louis-San Francisco common
made a new high record. Dupont con-
tinued the rise which started tie
previous day. Tobacco Products ran
up over a point. The regular lead
ers among the steels and equipments
did little through the early hours, but
in the afternoon they showed con-
siderably more life. Baldwin Loco
motive, American Locomotive and
American Car and Foundry all moved
along with American Can.
Wall S+uoat Eoox,,-a.
Mathieson AlkaH rose to it's highest
for the year in recognition of very
favorable earnings and the steady
growth of the company's business. 1t
is reported that the current quarter
is proving exceptionally profitable for
Mathieson, and some predict a big
increase in Mathieson's earning power
within the next year and half.
Interest was shown in the new
listed preferred and common stocks
of the Art Loo1h Corporation. Bank
ers recently put out an issue of So
100000 Z per cent cumulative pre-
ferred at 800 a share.
Glidden was a feature again. re-
f1ecting the favorable reports of the
company's business. Sales have shown
a big improvement so far this year
over the corresponding period year
ago.
Brokerage Opinion.
The market letter of one of the large
Broadway brokerage firms today said:
The market refuses to take seri-
ously the insistent talk that an ad-
vance of major proportions has been
resumed. 1t acts in a perfectly logical
manner, however. On the one hand it
reflects easy money and good general
business, and what factors prevent
heavy liquidation in the main body
stocks, and on the other hand it re-
fleets little or no margin of profit in
raw material industries which factor
prevents public partici tion in steels,
eoppers, oils, etc. The are enough
1pecialtieS in demand to give a gen
aral appearance of strength to the
market, but no progress whatever is
made among the main body of stocks"
tJApEErT CU nSES crDnH-r