Evening star., 1925-05-18
STOCKS SHOOT UP
! IN FINAL TRADING
Utility and Motor Shares
s,Add to Earlier Gains.
; Nash Again Scars.
BY STUART p. WEST.

Special Dispatch to The Star.
NEW YORK, May 1S.-The stocl
market started off the new week
with increased activity and genera
strength in prices. There were lively
advances in special groups. with {
number of high records. AT the outse
motor shares and public utilities took
the lead. Then the buying got into the
rails. The SteelS, as d rule, were not
as prominent as they had been, and the
oils, while firm, did not show any i'm
mediate indications of fresh advance
American Water Works sold above
so for the first time. This, with Utah
Securities, was the feature among
the public utilities. The jump in Utah
Securities carried Electric Power along
with it. North American sold at sc
again, and there was active trading in
the newly listed power securities cor,
poration between 1872 and 10.
Motor Shares Are Strong.
1t was the continued extraordinary
rise in Mack Trucks which mainly
kept speculative sentiment aroused
over the motors in general. Maxwell
Motors &, and Willys-Overland were
bought at advancing prices. Packard
made new high and Nash Motor, in
which the floating supply has become
so small that it takes very little buy
sational fashion.
Dupont went forward sharply to a
new top, but the rise was checked on
the announcement that only the regu
lar dividend at the rate of $3.50 a
quarter on the common had been de
Clared
c. & D. Sells Up to 80.
ST. Louis San Francisco made a
new high in preparation for the ex-
pected increase in the dividend.
Chesapeake and Ohio sold at 90 for
the first time, where it was up .
points. This rise was in the nature
of speculative wager that the mi
nor1ty holders of c. & o. would win
out, at least to the extent that the
terms of the Nickel Plate merger
would be modified in their favor.
There was active buying again in
Seaboard Air Lines. in Missouri.
Kansas, Texas, in Missouri Pacific
preferred, which was up a point, and
IN New Haven which got above 33
Reading crossed so again on active
trading.
Pullman Among Features.
Segregation between the manufac-
turing and the car operating ends of
The business was discussed in connec-
tton with the rise in Pullman stock.
United States Realty crossed 140, and
special buying appeared in Electric
Storage Battery. Rubber shares were
in demand again. Goodrich up over
point, and likewise United States Rub
Der common. Briggs Manufacturing
on quite a large turnover, sold at 40,
which was almost its top.
Westinghouse Orders Heavy.
Recent buying in Westinghouse
Tlectric has been induced by reports
OF exceptionally good business. 1t is
understood that in April Westing-
house booked the largest total of new
business in its history-approxima
$4,000. 900. The income statement
for the II months ended March
81 is expected to show a small amount
over dividends. But the Street is
paying more attention to the current
situation.
Status of Public Utilities.
A point of considerable interest in
the present market is the position of
the public utility stocks, which are
now selling, as a rule, at their best
prices. Opinion differs as to the out
look for this class of stocks Some
express doubt that the rise can go
ahead logically, based on earnings and
dividends, but there seems to be no
SsillnS pressure eXerted at the mo-
ment. Regrouping of properties and
merger prospects continue an infiu-
ence.
Money Rates Lower.
There was very little DEVELOPMENT
in the stock market situation. 1t was
simply followed along the lines laid
down during the last month and
more especially during the last week.
ThisImeant a perception that the re-
actid1 from the period of excessive
production in January was over. 1t
meant also a sensing of the indica-
tion5 of a change for the better or a
moro optimistic note in most indus
triesi of a stabilization of prices after
-four months of decline, of a sounder
relation between output and con-
sumption.
The slight lowering of the call
money rate was of no more signif-
rance than the equally slight advance
toward the close of last week.