Evening star., 1925-09-25
SHARP RECOVERING.
in MANY STOCKS
Yesterdays Decline Halted
90 .
by Heavy Buying Orders
All Through Session. T.
BY STUART p. WEST.

SpElal DlSpdtcn lO Inc SldE-
NEW YORK, September, 25.-A
renewal of operations for the rise or
the Stock Exchange today met will
some success and there were nu
merous gains of >, and 5 or more
points. The Street professed relief
over the fact that the New York Fed
eral Reserve Board had made nc
change in rediscount rates, and this
was one of the explanations com
monty accepted in speculative quar-
ters for the buying today. Public
Utility, express company. some OF the
motor and motor accessory com
panies, tobacco and u number OF the
dividend paying railway shares stood
out among the leaders of the advance.
Specially Shares Leaders.
The principal gains occurred among
stocks of the specially, type, fthats is
stocks which are easily moved one
way or the other because of their be-
ing closely held. There was an
S-point jump in United Fruit and a
jump of nearly 10 points in Detroit
Edison.~ Eastman. Kodak was un-
usually active and strong. The ad-
vance was not accompanied by any
discussion of a change in dividend
policy, but was set down as a delayed
adjustment to general market condl-
tionS. The express stocks were up
sharply, American Express over 6
points and Adams 8. Quick recoils
occurred in American Can, Dupont,
Atlantic Gulf and West Indies and
Famous Players.
Many New High Records.
A number of new high records were
made. Among these in the railway
section were Norfolk and Western,
Southern Railway. Chesapeake and
Ohio common and preferred and
Nickel Plate. American Tobacco and
Lorillard in their groups both reached
new tops. Seemingly bearing out re-
ports of recently formed pool, a
sharp upturn took place in Union Bag
and Paper. Commercial Investment
Trust, which has been going up sew
eral days, was selling 16 points above
where it left off Wednesday. Other
new highs were made in Fleischmann,
Columbia Gas, Chrysler, which had a
remarkable advance; J. l. Case pre-
ferreds and International Cement.
Southern Rails Strong.
Railway stocks. principally the divi-
dend payers, were up again. New
York Central was a feature, recover
ing the dividend which came off the
top price this morning, and making
the equivalent OF i new high. At
lantic Coast Line rose over 3 points
as part of the active buying move
ment going on in the southern stocks.
ST. Louis-San Francisco. having got
rid of the profit taking which fol-
lowed the dividend increase, was
noticeably strong. st. Paul stocks
went up a point each and Norfolk
and Southern 4 points. Buying of
Canadian Pacific was an incident.
Gasoline Causes Worry.
Unfavorable comparisons were
drawn today with regard to supplies
of gasoline in storage, while the oil
shares did little one way or the other
According to report of the American
Petroleum Institute covering opera
tionS of 65 per cent of the oil refining
Of capacity in this country, there was
a decrease of gasoline stocks during
August of 2S3 900 barrels or IL, 1856, 900
gallons. With these figures to work
on and estimating the remaining un-
reported 35 per cent of refining ca
pacity, the indicated reduction in gaso-
line stocks in August was less than
10000. 900 gallons.