Evening star., 1915-11-12
|NDUSTR|ALS LEADERS,
WITH SHARP ADVANCES
Motor Stocks, Equipment Shares and
Lesser War Specialties Command
the Attention of Traders.
The Rails Are Inactive, Barely
Holding Their Own-Some I'M
portant Net Gains Are Made.

NEW YORK, November 12-Business
on the New York Stock Exchange was
just moderately active today, and
while many of the brokers professed to
look for lower prices, the market itself
gave decided evidences of strength.
The rails were neglected. The motor
minor industrial corporation securities,
equipment shares and all manner of
steel. industrial and sugar shares were
active and higher.
Immediately following the opening
there was a trend toward a lower
range, one to two points decline mark
Ing the first hour. but this was fol-
lowed by general recoveries in the
second hour, especially midway in the
hour.
Oil and copper and smelling shares
were stronger, one to two point ad-
vances being quite general in these
and the minor industrials, while the
rails broke even on light trading, with
New York Central about the only
and Western
The better feeling continued through
out the morning and the noon hour,
with no indication of any weakness
unless the market should meet with a
wave of profit taking in the later hours
of the afternoon.
Traders are divided as to whether
the Christmas movement to higher lev
els is on or whether there will be an
other break before the real window
dressing will begin in preparation for
the cleanup after Congress reconvenes
after the holiday recess and gets down
to discussion of tender topics.
Willys-overland the Leader.
Willys-Overland was the leader of
the motor group. advancing 12 points
to 245. the while Studebaker moved up
to 1861 and Maxwell to 1917.
General Motors has ceased to be an
everyday speculative leader, and Beth
lehem Steel at 426 was not much men,
toned in the earlier trading.
Crucible Steel gained better than a
point and Baldwin Locomotive made
slightly higher prices. but exhibited
no especial strength.
Industrial Alcohol was leader in
strength. advancing 61a points. while
Distillers' Securities made 3le gain.
Gains in minor industrials were a
point in Linseed Oil, Sugar. Inspiration
Copper, Republic Iron and Steel, Cast
Iron Pipe, Car Foundry and 2 points on
Colorado Fuel, Texas Oils, Hide and
Leather, American Can and Pressed
Steel Car.
steel common was TcdsoHdply dCliSc,
but did not hold gains with much show
of strength. Indeed, it looks like
liquidation on Steel with every frac-
tional advance, but the accumulation
is satisfactory.
The market remained steady, with
prices showing little change, the ad-
vances being well sustained through
the second hour of the afternoon.
In the afternoon Studebaker rose to
159, going back l point. Baldwin Loco
motive made a new high on this re-
covery to 1913 and held most of the
advance, other motor shares also being
hrmer.
Strictly Industrial Day.
Maxwell Motor touched 74&. and
dropped back 1 point, while Crucible
Steel sold to 7s and went back a
fraction.
The demand for Steel common I'M
proved materially and the stock made
new high record when ii touched
sS7s, with renewed activity and re-
action of but point.
The minor industrials and equipment
stocks held their gains throughout, but
did not improve in the final hours of
the session, while the rails remained
slow and inclined to weakness.
All things considered, it was a strict
" industrial day and the gains were