Evening star., 1925-06-16
SHARP. ADVANCES
.. IN STOCK MARKET
New Car Loading Record
T. Cause of Broad Rise.
Closing Strong.
BY STUART P. WEST.

special Dispatch to The Star.
NEW YORK, June 16.-There was
q series of group movements on the
Stock Exchange today with the course
OF prices upward. Traders were shift
ing from one set of stocks to another
The railway shares came to the front
after the first hour and were stronger
than they had been in some time
There were number of new high
records in the industrial list and some
good sized gains were made in Spe-
cialties.
Traction Shares Strong.
Traction securities were promi-
nent. the stock moving with the
honds. Brooklyn Manhattan Transit
made a new high above So. Inter-
borough Rapid Transit at &c was up
IA points and there was unusual
activity at higher prices in Third
Avenue. This demonstration was a
belated appreciation of the testimony
recently given that the new subways
cannot be built without an increased
iare or an increased assessment on
real estate. to which latter alterna
1--WE the property owners have al
ready strongly voiced their obiec-
tionS
Railroad Issues Wake Up.
nothing for the last week or more. had
sharp upward turn. The rise
started with the Northwestern rails.
probably as a drive against the short
interest, primarily. Secondly. il was
speculation on the possibility of the
Interstate commerce Commission
granting the increased rates in the
NorthWeStern States which have been
sppiieq spp Tor. Union Pacific, Reading,
800 Line stocks and Texas and Pa
enc went along with the leaders
"nich were Chicago and Northwest
srn' Northern Pacific and Great
Northern preferred
among the other public utilities apart
from the fractions the feature was
Feoples Gas of Chicago, which was
up over points. crossing 1872: Havana
Electric and Electric Power certifi
Gates which was very active with a
rise OF over a point. American and
forelgn Power at one time was up
nearly points.
Mail Order Liens.
Mail order shares were in demand
with Sears Roebuck points higher
and Montgomery Ward nearly 2
points up. American Safety Razor
jumped nearly points. Kresge De-
partment Stores were over 9 points
higher. Corn Products ran up to 35.
New high records were made in
General Motors Z per cent preferred,
robert ReiS. Pierce Arrow common
ana preferred, American Type Found
RES, kelly-Springtield Der cent and
Kansas City Light and Power prefer
Ied. Moon Motor was conspicuously
strong again.
american Sugar at one stage was
up Two points. Cuba Cane preferred
up over a point, while there was
rather remarkable display of strength
IN the usually slow moving Cuban
American
Higher Freight Rates Seen.
The Northwestern rails-Chicago
ana Northwestern, ST. Paul, Northern
Pacific and Great Northern-were all
faVorably affected by advices from
washington that an increase in
tfelght rates for these carriers was
inevitable and was only Question of
time. Wall Street has been talking
about such development for some
time. But today it appeared that it
was being regarded more seriously.
There was continued activity in Ma
tional Distillers' products, accompany.
ing reports of favorable earnings and
steady Improvement in all depart
ments of the companys business Es
Inmates of the value of National Dis
tliiers' supply of bonded whisky have
been an influence in the market for
the stock and in its sale of yeast and
other products the company is said to
De making very. satisfactory profits.
Ihere was sharp run-up in Amer
lean Safety Razor followin1 MONDAYS
advance, in response to predictions
that the dividend would be raised.
1he foating supply Of the stock an.
pears to be small