Evening star., 1927-05-18
SOME STOCKS RISE
TO NEW TOP MARKS.
Baldwin SpectacuIar-CaSe
'ThreShing CIimbs-SelIing
Hits Several Issues.
BY GEORGE Il. HUGHES.

Special Dispatch 10 Inc star.
NEW YORK, May 1S.-Accom-
nanied by increased activity, high
uriced industrials and a few OF the
dividend-paying rails were rushed up
to record highs, some of them for the
year simply. and some for all time.
in today's stock market. At the same
time the selling that was going on in
nther issues and the rapid fluctuations
in the stocks that were being bid up
Iave the market q feverish appear
Rnce.
Money renewed at 414 per cent and
vas reported in abundant supply.
Apparently there was no obstacle IN
lis direction to prevent the advance
f3om going as far as daring specu-
tors were willing to carry it.
Galdwin was, as usual, the spectacu-
;,r performer. 1t had jumped over s
, lints yesterday to a record high for
"a time. and had added over points
T. this before today'S session was half
ever as it crossed 213. The popular
rIplanation that punishment was
ling administered to short sellers
vas not entirely convincing, but it
vas the best to be had.
Baldwin Leads Equipments.
The rise in Baldwin was followed
! tahlv American Car & Foundry and
nerican Locomotive, each Of which
made a new top for 1927. Lima Loco
i,otive went along. In these cases
tlere was the excuse that the outlook
= the equipment companies was bet
10y than in several years past.
conspicuous in the industrial group
d, re Case Threshing Machine and
aternational Harvester. each at
w high for all time. A capital
-lit.up was mentioned in connection
III these advances. A. NJ. Byers,
llins and Aikman and Fleischmann
. re other favorites on the buying
...le.
on the other hand, there was anoth-
e. attack on United States Rubber,
4 aich forced the common stock down
& a new low for the year below so.
the local fractions were under
assure. especially Interborough
Did Transit, likewise at new low
ce for the year below 40. The
lding traction inquiry was the al
ID cause for the selling here.
-Iotor stocks as q group were
ong Hudson Motors at SIS was up
POINTS and within a fraction of the
RS best on talk of an increased
.dend. Mack Trucks gained from
-
TT covering in Dodge Brothers A
the preferred. Reports from the
Ice plant were optimistic as to the
mess outlook. General Motors was
little slower TO get under way, but
TOO, forged ahead.
Mentioned i'm Reading Control.
leaders abong the rails were Read
Union Pacific and Pere Mar
tie Reading is controlled Jointly
} Baltimore & Ohio and New York
g., ,tral, but today's report had it
another system was anxious to
J - representation. Pennsylvania |
mentioned in the gossip of the /
- Pere Marquette went up easily
talk of a higher dividend either
cash or in stock or perhaps in both. |
the lower-priced shares Chicago |
Eastern Illinois preferred, stood |
at a new high for the year and
stern Maryland common, and sec
| preferred, increased their recent
MS. Moderate advances were
red by Chesapeake & Ohio, Atchi-
,. Delaware & Hudson, New York,
cago & st. Louis and many others,
3 hough not all of the gains were
1 to the end.
he feature of the utilities was
clede Gas, which at 2401a was up
points on the day and at the high
it has ever sold. Reports were
rent of change of control. There
: evidently very little stock for