Evening star., 1925-09-11
NEW HIGH LEVELS
IN MANY STOCKS
Another Day of Heavy Trad
ing and Advances-FinaI
Business Is Strong.
BY STUART p. WEST.
,escia Dispatch TO The Star.

Special Dispatch TO The Star
NEW YORK, September Ii
Further violent uprising in high
priced industrials were the most
striking episodes in the stock marke e'
today. At the same time there was
much strength in the steel group and
In the railway equipments. Motor
shares reflected at times a good deal
of profit-talling. combined, however
with a lot of new buying. A large
number of new high records for the
session were made.
General Electric, on talk of a CAPT
tai split-up, had a spectacular jumI
of nearly 10 points. United Fruit and
Chrysler Motors were up points
apiece, and so were Mack Trucks
American Can and u. s. Cast Iror
Pipe. 1t was a field day for this class
of stocks. Universal Pipe and Ra
diator followed the move in L. s. Cast
Iron Pipe. American Chicle rose :
points and Havana Electricity near
ly Z.
Moon Leads Motor Group.
In the motor group Moon was a
leader, the Street feeling that 1t haC
undervalued the earnings of this
company. Around 38 a good deal OF
selling was encountered. Hupp Mo
tors made a new high at an advance
of l12 points. Chandler. which haG
been dragging behind the rest OF the
motors, suddenly shot up 3 points
Fisher Body was very strong, anc
Eaton Axle sold at the best so far
There We're new high records also ir
Goodrich and Hudson Motors.
American Smelling was the feature
in its section with d further advance
of nearly 2 points. AlliS Chalmers
crossed 80 for the first time, EndicOtt
johnson at one stage was up nearly
points. Among the equipments The
principal strength was shown in Amer
lean Locomotive and in General Tank
Car.
Oil Shares Do Better.
Some of the oils did considerably
better, notably Marland, in which
strong operations for the rise were
apparent, and in Pan-American B
where there was remnant of a short
interest which had not previously GOV
cred. General Petroleum rose a point
on talk of an increase in the dividend
from 81 to SO.
The tobaCcoS came in for more at
tention, more particularly United
Cigar Stores and Tobacco Products
There was nothing new, however, tC
account for the advance in these
STOCKS. Simply they mad laln quiet fol
several days and were being taken
up in turn.
United States Rubber Stock Strong.
The move in United States Rubber
during the last few days has been
in the nature of a forecast of what
the company will do in the second
half-year under the higher schedule
of tire prices. The first advance in
these prices came in May and the
second in June, but it was too late
to have much effect upon revenues
for the first six months. Average
selling prices during that period were
considerably below those of 1924, yet
the company was able to show a net
income of S5,S75, ,204. against S4.42@@.-
4S7 for the first half of the previous
year.
This was equivalent. after pre-
ferred dividends, to about S4 a share
on the common. Now that the high
er tire schedules have come fully into
play, the second six months are eX-
pected to do considerably better still.
Current assets at the close Ot June
were seven times current liabilities.