Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-03-11
H|GH-GRADE RAILS
MARKET LEADERS
AtchiSon One of Outstanding
Features-D. & H. Also
Appears Strong.
sDecial Dispatch to The star.

Special Dispatch to The star.
NEW YORK, March H.-The buy
ing movement in the high.grade divi
dend paying railway shares over
Swallowed everything else that hap
nened in the Stock Market proceed
ings today, although there were many
Industrial favorites which stood out
strongly.
Atchison, selling at its highest lrce
in history. was one OF the outstahu-
ing features The best opinion was
that the recent extra distribution OF
75 cents quarterly will be continued
and there was still the incentive OF a
prospective extra stock Distribution
The basis for the buying of Dela-
ware & Hudson appeared to be me
benefits which stockholders are llKe-
ly to receive from the coal properties
N. & w. Shows Big Gain.
With the railroads enjoying their
greatest era of prosperity, many were
of the opinion that the market Tor
these stocks had not fully discounted
the Improvement in the outlook ana
earnings. Because of the fact Fhat
Norfolk & Western traVerses sec
ton where it serves non-union mines,
1t was felt that this road was in
position 10 benefit substantially as q
result of the soft coal strike. At III
it compared with the previous maj OF
J68 Lackawanna, Atlantic Coast
Line. Reading and Northern acific
were other favorites.
There was nothing in the prelim-
mary report of Gulf. Mobile and
Northern to explain the spectacular
rise in that stock. Above 60 1t COM
pared with the previous close of 543s,
and was one of the features of the
lower priced issues. Rock Island, de
spite the fact that it was selling ex
the SIPS dividend. established a new
high for the year. Bangor & Aroos-
took also reached its best figure.
Kansas City Southern and Missouri,
Kansas and Texas resumed their up
ward movement
The market for motor shares was
less prominent. General Motors was
selling a point higher most of the
time, while Hudson fluctuated over a
narrow range within a fraction of the
Thursday final Stewart-W Warner felt
the effect of short covering. which
helped to sustain the price around the
prevailing level.
While previous npturns in shares
OF food companies have been accom-.
panied by merger gossip. there was
nothing along this line to account for
the better demand at rising prices for
such issues as National Biscuit, up
over points to a new top; Loose
Wiles, up similarly, Postum Cereal
and Beechnut Packing.
Amusement Shares Up.
Shares of companies representing
the amusement industry held their
place of prominence, notably Shubert
and Loew's, Inc, the latter at new
high for the year. The equipments
We're moving forward with the rail-
way shares, with special strength at
new high prices in American Brake
Shoe. Baldwin Locomotive and Gen.
eral Railway Signal were up a point
or more.
elly.Springfield was leader
among low.prieed industrials, possibly
influenced by the better outlook for
rubber and tire industry. BarnsdaH
Corporation issues and Midcontinent
Petroleum did not respond appreciably
to the favorable dividend action an
nounced after the close of business
Thursday. Phillips Petroleum came
in for more attention at rising prices
and the market for General Asphalt
was strcng.
Federal Mining and Smelling con-
tinued to feature the metal group.
making further response to the high
~ favorable report for 1926 opera
tions. American Smelling was well
maintained at the $50 level. The cop
pers, however. did little one way or
the other.