Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-04-05
By the Associated Press.

BY the Associated Press.
NEW YORK, April 4.-Speculative
interest in today's brief session of
the stock market was divided be-
tween the motor shares, which
moved up vigorously on a resumption
of pool operations, and Delaware and
Hudson. which scared more than 8
points on the official announcement of
the proposed segregation of its coal
properties. The general market also
displayed a strong tone, despite further
unsettlement in grains. net gains of a
point or more being quite common at
the close.
Trading was relatively dull at. the
start, but quickened later on the APP
pearance of fresh buying power, the
days sales running above 53S, 200
shares.
Dodge Sale Helps Motors.
Buying of the motors was generally
attributed to reports of heavy Spring
business and the growing confidence in
these a result of the purchase of
Dodge Brothers by powerful banking
syndicate. The Maxwell Motor issues.
current earnings on which are reported
to be running at high levels. led the
group in point of activity, the A stock
touching ok and the B 60B, both at
new record highs. The closing quota
tiens of 91h and sos represented net
gains of 2S and ~, respectively. Nash
Motors scared 16la points to a record
top at 319A2. Jordan and Pierce Arrow
preferred each moved up about 2l2
points. while Studebaker, WHY'S Over
automotive issues showed gains of a
point or more.
ID. 4 HI. Reaches New Top.
Delaware and Hudson established a
record top at 145A. While the proposal
to form a separate company to take
over the anthracite properties makes
no mention of any intention to distrib-
ute the stock of the new company to
the railroad stockholders, there was a
rather general assumption that such
action would follow in due course of
time. the Lackawanna, Lehigh Valley
and Reading roads having furnished a
precedent for such a melon.
All the so-called pivotal industrials
showed substantial gains on the day
American Can rallied points to 165
and then eased slightly. United States
Steel and Baldwin each closed about
a point higher. Publication of a re-
port that domestic consumption OF
gasoline in February was 80 per cent
larger than that of the same month
last year brought new buying into
the oil shares, although the grains
with few exceptions, were limited to
fractions. Special buying of Cali
fornia Petroleum preferred, which
jumped over points to 114A, was in
anticipa ton of retirement of that
stock.
Other Strong Spots.
Some of the other outstanding in
dustrial strong spots were American
Car and Foundry, Associated Dry
Goods, General Electric, Kinney Co.
Radio Corporation, United Railways
| investment preferred and Virginia
| Railway and Power, up "a to
| points.
Outside of. Delaware and Hudson
| the chief interest in the rail group
conferred in the brisk demand for the
Gulf, Mobile and Northern issues
each of which closed about 21a points
| higher on reports that important
negotiations. the exact nature OF
which was not disclosed, were pend
| ing between that road and Illinois
Central.
The foreign exchange market was
| firm, the nervousness over the French
situation apparently having disap-
peared. Demand sterling ruled about
| q of cent higher, above 4.7S, and
| French francs made further recov-
cry to around SIT cents.