Evening star., 1925-09-14
WILD ADVANCES
IN MANY STOCKS
Scores of New High Records
in Huge Turnover-Rails
and Motors Lead Rise.
BI STUART p. WEST.

Special Dispatch to Inc star
NEW YORK, September 14.-With
the biggest turnover which the
Stock Exchange has seen in some
time further advance occurred to-
day. Many new high records were
esta blished and the general price
average again went into new hlgh
ground Motor stocks were again
the center of interest, but they by no
means nlonopolized attention. Ruober
and tire shares, copper and smeltlnS
issues. some of the sugars, various
high-priced industrials, and hnally
the rails were at different stages ac-
tive at advancing prices.
Advances Impressive.
The list of new highs was impress
sive and it included stocks OF many
different types. There was American
Smelling in the metal section. Inere
was Atlantic Coast Line crossing zoo,
Pittsburgh and West Virginia AND
Northern Pacific among the rails. In
the motor group there were Packard,
Hupp. WHY'S Overland, Studeoaker
and Nash and Motometer, Timken
Roller Bearing and Goodrich also sold
at the best of the year. linen tnere
were Sears. Roebuck, Simmons Co.,
Weber & Heilbronner, Howe Sound,
the American Tobaccos, Fleischman,
General Asphalt preferred. Pierce Ar
row prior preferred, General outdoor
Advertising "A" Nunnally, American
Steel Foundries and Railway steer
Soring. which crossed $50 for the first
time.
Sharp Gains in Motors.
Tn the market for the motor shares
the advances were more abrupt than
they have been at any time. WHY'S
overland common sold within few
minutes after the opening points
higher than where 1t had LETT on
Saturday. Studebaker made a new
ton above ST, and Dodge Bros. pre-
ferred above SS. Hupp Motors'
around %. compared with last week
close of 2O5s. 1t took only short
effort 10 start Packard going again.
Once the buying got into these Stocks'
1t went up with a rush. =,
The outburst of buying in the rails
came after several days of inactivity
in this quarter, but, IS usual, did not
last very long. Seaboard Air Line
common and preferred, Rock Island
and Kansas City Southern were
the leaders among the lower-priced IS
sues, while among the standard dlvl-
dend payers Louisville and Nashville
rose p. points and Atchison and New
York Central a point or more.
Coal Stock i'm Rally.
The old maxim that it does not do
fo sell on a strike was borne out by
the rise in Delaware and Hudson,
which was quoted points above its
low of a week ago, with Reading up
points.
Violent fluctuations occurred in Uni
versal Pipe and Radiator preferred
The stock jumped over points to 80,
promptly fell back, and then rose
again. The common was very active
at an advance of over points.
General Cigars ran up over two
points. General Asphalt, usually
ella ssed as an oil stock, gained over
two points and Marland Oil crossed
As after very large transactions
around that figure. American Sugar
rose nearly two points and Indian
Motor Cycle the same. Fisk Rubber
advanced to its previous top figures
of the year.
Trading Very Excited.
The rise in Fisk Rubber above "a,
where it duplicated its high for the
year, was tardy recognition of the
remarkable improvement in earnings.
especially since the company began to
get benefits of the 40 per cent increase
In tire prices.
In today's markets speculation took
on a more excited appearance. Trans
actions in stocks ran well up to the
two million share mark. Some 40
individual issues surpassed their pre-
vious bests for the year. But neither
the increase in business done nor the
wide reaching price advances was the
essential feature. What most attracted
attention was the rapid bidding up,
one after another, of individual stocks
and groups of stocks. 1t was more
violent performance than anything
seen in the last month and suggested
a greater element of artificiality.
With all that may be said for the
prosperity of the automobile industry,
with it's unparalleled volume of busi-
ness for this time of year and its
extraordinary cash resources, even
motor stocks do not suddenly become
worth point or two more just over
night. Such movements, occurring as
they did today, showed speculative
enthusiasm at pretty advanced
stage.