Evening star., 1925-06-25
SCORE OF ISSUES
+ REACH NEW TOPS
Stock Prices Point Upward
Despite Higher Rates for
Call Money.
BY STUART p. WEST.

Special Dispatch to The Star.
NEW YORK, June 25.-An increas S
in the volume of business and highe
prices for a good part of the shar
list compared favorably with tn
markets on previous days of the week
There were over 20 new high record
and an even greater number of stock
which rallied a point or more from
the Wednesday lows. Many of tn
gains appeared to be due to shor
covering. while some of the specialt,
moves continued TO attract the trad
ing element which continued switch
ing from one stock to another.
New Highs for Year.
The stocks which rose to their high
est for the year included Atlantic
Gulf and West Indies common ant
preferred, which had been commented
upon favorably earlier in the week
by people who keep in close touch
with the companys business. Atlanti,
Cuffs earnings are running at an un
usually high rate. United Cigal
Stores was the leader of the tobaccos
and with Tobacco Products reached its
best prices for 1925.
In this class also were Western
Electric preferred. Ward Baking pre-
ferred, Texas Gulf Sulphur. which
IOSe NlOltHliNr I Hlleu fNdllAdSS III
veStment preferred, Yellow Cab, Gen
eral Motors per cent preferred
Barnett Leather preferred, Pittsburgh
Utilities preferred and preferred GER
titicateS, American Smelling pre-
ferred, Mackay Compa MES, Gfeat
Western preferred, and Hudson and
Manhattan. The last named was par
ticularly active and inspired talk of
higher dividends. The stock went on
the dividend list some weeks ago.
Oil Shares More Active.
The oil shares came in for NOR, at
tention than they had in several days
Houston Oil was the particular fea
ture, with a rise of about = points, al
though Marland came out in the sarg.
est volume with a fair advance. Gen
eral Petroleum also was bought for a
while.
A drop of more than $4,000 barrels
in the daily average output of crude
oil in the week ended June 90 was re.
ported by the American Petroleum In
stitute, and, although knowledge OF
the highly satisfactory statistical po.
Sition of the oil industry recently has
failed to keep alive the campaign in
the oil shares, il was evident that hold
ers of oil securities, many of them
were not disposed to take profits while
conditions continued as favorable as
they have for weeks past.
Weak Spots Develop.
Notable exceptions to the move
= ment of the bulk of Industrial stocks
were International Mercantile Marine
preferred, which sold at a new low for
the year. and South Porto Rican
Sugar, which was pressed for sale
above and around 20. White Rock
Mineral Spring, which was listed on
the stock exchange today, declined
upon the beginning of trading.
Lehigh Valley was feature among
the railway shares. 1t had not been
dealt in on "Wednesday, but today
rose on active trading. Chicago
Northwestern gained over two points,
and Northern Pacific went along.
The gossip about rate increases in the
Northwest continued the chief influ-
ence in this instance.
Other strong spots were American
Car and Foundry, which reported net
income of S6,l64,103 on the last fiscal
year; Maxwell Motors B certificates,
the Pierce Arrows, Overland prefer
red, Mack Trucks, Studebaker, Inter
national Paper, American Can, Radio
Corporation, Ward Baking B, Wool
worth, Brooklyn Union Gas and Mar
ket Street Railway issues.