Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-10-21
SENSATIONAL ADVANCES
IN WAR SPEC|ALT|ES
Bethlehem, 500 70; Studebaker,
1874 IL, a Gain of Over 18 Points.
Other Sharp Upward Movements.
Steel Strong-Minor Industrials
Firm-Rock Island Weak-No
Precedent for Market Action.

NEW YORK, October 21.-Experience
counts for nothing in the Wall street
market of today.
Men who have followed the tape for
many decades admit that it is a new
experience, and that precedents have
been cast to the wind in the indus
trial speculation of today.
Bethlehem Steel. 5997s, a rise of 20
points; Baldwin Locomotive, 1874. Il
points GAIN General Motors, $40. PC
points advance: Industrial Alcohol.
1888, IL points betterment-these were
some of the sensational advances in
the days market
But the strength was not displayed
all through the list. Even some of the
war specialties turned the other way,
while the rails did not join the pro-
cession of advancing stock for more
than small fractions here and there,
while frequently they showed equally
small declines.
Developed Greatest Strength.
The news of the morning did not
contain anything especially bullish.
The close yesterday was with more Or
less liquidation in process and many
market observers predicted lower prices
again, failing important and favorable
developments in the immediate future.
Proft-taking was expected to develop
here and there throughout the list, but
the stocks in which the greatest liqui-
dation was expected developed the
greatest strength.
Bethlehem Steel was one of the first
stocks reported out of the pits. and
it's initial price was $50, a gain of y
points; then it steadily improved on
a few sales to 500. and reacted before
the noon hour to $50.
Steel common followed with a frac-
ton above yesterdays closing, and
then the entire industrial list. with Il
few exceptions. made the pace for
higher prices.
More Than Ordinary Attention.
Some industrials that have hereto
fore been rather secondary in i'm
portance seemed to attract more than
ordinary attention.
In this group were Distillers. with an
advance of points: Hide and Leather.
with like gain; Central Leather. fer
tilizer shares and affiliated stocks.
some Of which reached the highest quo
tations in years.
American Wool moved up point and
Rubber also.
Baldwin Locomotive, after reaching
it's high. 1874. dropped back 1 " to 1921
Crucible Steel made a three-point rise
to 95 and reacted to SO.
Studebaker. one of the strongest and
most active leaders. advanced after open
ing at yesterdays closing, to 1841z, and
the reaction in the second hour made no
impression other than a slight frac-
tional recession.
General Motors went back to $50 from
370. Maxwell Motors moved up seven
points
Slow Action in Rails.
Action in the rails was slow and they
did not attract much attention.
Western Maryland advanced a point
Reading made a u gain in the early
hours. New York Central moved up
haA, and Union Pacific v, but with
these exceptions the rails were slightly
lower.
Prices Go Higher.
Up to midway In the second hour of
the afternoon the activity in the in
dustrials continued, and the high
prices on some of the great war spe-
cialties were reached, Bethlehem Steel
touching 5ss%. while studebaker was
boosted to 1s4A. making 1871 points
net gain for the session.
Other advances were made through
out the industrials. while General Elec-
trio recovered part of its earlier loss
of points.
Little Steel held steadily around 81.
Baldwin Locomotive moved slowly in
the afternoon, while the rails did not
attract any attention, other than Rock
Island. which was under pressure. and
declined 2 points.