Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-22
WALL STREET LIST
STRONG AT CLOSE
Prices Driven Up Sharply in
Last Hour as Shorts
Rush to Cover.
BY STUART p. WEST.

specla Dispatch to The Star.
NEW YORK. December 22.-Prices
ran up sharply on the stock l-N-
change today in the last half hour, fol-
lowing period OF indecislVe fuctlla'
tions There We're no indications o. Il
renewal of the main advance. but 1t
did look as If the market had become
somewhat oyersold. The 3 per cent
rate on standing call loans, which
was the highest in TWO years. ned
the market back in the early part OF
the dav. but it no longer counted AT
the close.
Motors Fairly Active.
AS group the motors were as prom
inent as any other set of stocks. The
recovery which occurred i'll this quar-
ter was not in itself important. but
following their recent declines the
higher prices paid today for such
stocks as Hudson, Chrysler and Gen
eral Motors stood out rather conspicu.
ously. Hudson Motor was again the
leader. 1t was up over points at one
time.
The street was discussing the re
current story regarding prospective
closer relationship between Hudson
and the Ford Co. General Motors
started in lower, but subsequently
hardened
w eak SpOtS lUCluucu NiCoSc bcpdt i
nent Stores and the stocks of Ma
tionaI Cloak and Suit. kresge was
pressed for sale on the theory that
earnings had not improved as quickly
as many had anticipated. The Ma
tional Cloak and Suit stocks were in
fuenced by a less optimistic feeling
in speculative quarters regarding the
income position.
Oil Shares Hold Steady.
The oil shares, as rule. held
H1eadv. The feature in this section
was Barnsdall. Both the A and b
shares were carried up to their high
est for the year to the accompaniment
of bullish information concerning the
company's operations.
The Brooklyn Manhattan Transit
shares moved in opposite directions'
The common reacted about points
while the preferred exceeded its pre-
vious top for 1925.
The selling of the common was
characteristic OF what happens when
good news is made known. on
Monday the Brooklyn Manhattan dl-
rectors announced the first dividends
on the common since the company $
reorganization. in May, 1928. The
payments total Sc. A 81 disburse-
ment was authorized for the period
80, 1925. The remaining 81 covered
the current quarter. The b. M T.
bonds today sold at a new high.
Stocks at New Peaks.
Among the stocks which passed
their previous highs for the year were
Art Loom preferred. Mathieson Alkali
and Pressed Steel Car, which was re-
ported to be slated for merger with
another equipment concern. Loose
Wiles Biscuit rose sharply and Inter
IA tional Business Machine, selling eX-
dividend gained several points.
Pressed Steel Car was quite a fea
ture. and at its high of the day was
up several points from the low of the
day before. Wall street has heard
tile story for a week and more now
that Pressed Steel Car would merge
with another railway equipment pro-
ducer. Aside from this consideration.
however, is the fact that it's cash po-
sition is favorable. and il has received
some important new business recently.
National Cloak and Suit shares, both
the common and the preferred, reached
new low figures for tax purposes. 1t
may have been in response TO fumorS
that earnings have not been as large
as some people have hoped for.
MARKET CLOSES STEADY.