Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-10-11
STOCKS VERY ACTIVE;
PRICES IRREGULAR
Baldwin Locomotive Leads Early
Afternoon Rally in Industrials,
Gaining Ten Points.

NEW YORK, October 11.--During the
morning hours on Wall street today
there was much activity throughout
the entire list. rails and industrials
moving with about equal freedom. At
the same time there was more or less
frregu1arity in prices, gains being fol-
lowed by declines and these in turn by
slight betterments.
The early gossip was of bullish
trend. most of the brokers advising
following the rails. and predicting
long continued bull market for prac-
tically everything on the list
The advance was led by that old New
England favorite. long in disfavor.
New Haven, which scored a six-point
advance and did it easily. even while
weakness was shown in other securi-
ties.
Reason for Irregularity.
One of the reasons why there was
some irregularity was the fact that to-
morrow, Columbus day. is a legal state
bank holiday in New York and the
stock exchange will be closed from this
afternoon until Wednesday morning.
and many spectators did not care to
carry stocks over the holiday.
The war specialtles did not make
much progress toward higher range,
following the strong opening. for they
coon reacted, probably under the di-
version of many traders interest, to
the rails.
On the tap of the bell the leaders in
the war list-Baldwin Locomotive.
Crucible Steel and minor stocks
started with a sharp upturn, gaining
one to two points. interest slackening
iv, he 1oot hal nf 10 rat
the gains. especially in the two first
named stocks, were entirely lost.
Tonnage Statement Bull Factor.
The statement Of the untitled tonnage
of the United States Steel Corporation
at the close Of business September 80,
showing 5,317.61s tons. an increase of
409.179 tons from the untitled orders of
August 81. was bull factor OF i'm
portance. Unified orders July 81 were
4,92s.540 tons; of June 80. 4,67s.1S6
TONS May 81, 4,2s4,59s tons; April 80,
4,162.244 tons, and September 80, 1914,
the untitled tonnage was 3.7S7.677.
With all the steel companies as busy
as capacity will permit. with large or
ders for rails coming on at this time
to help out and with ample financial
sinews for any need, it certainly does
look as il Industrial prosperity in
America was here to stay for many
| months to come.
Trade Outlook Is Promising.
So great is the outlook and the mar
gin of profit in Industrial enterprises
at this time that conditions have
| tempted retired millionaires like w. +.
Corey and other former Carnegie men
from their leisure to the fields Of en-
terprise and profit. perhaps with
patriotic motives. desiring also to be
in harness when the United States
started on the upbuilding Of its
I finances.
Canadian Pacific Joined the list of
rails. moving to higher prices this
morning. the top being nearly 31s points
/ higher. with IN sustained to the close
| Of the second hour. This was caused
by the turn in the tide Of the earn
| ings OF that road, which for the week
ended September Is showed a gross
| Increase of $4,000, followed by a gain
| of $4,000 for the first week in Oc-
| tober.
Stocks Showing Real Strength.
Coming just on the eve of the move
ment of the Dominion crops. traders con-
sidered 1t likely that tn might be an
indication Of continued increases.
Stocks that showed real strength. with
the greater part Of the gain continuing
into the afternoon. were: Smelling. ~
advance maintained; Car Foundry. l point
gain: Bethlehem Steel 3: Willys-Overland.
s; Lackawanna Steel, 1; Steel common.
l; Atchison. ": New Haven. ~: d. q H.
8: Union Pacific. IS; Southern Pacific, 70
Reading. q Erie second preferred. /, and
Louisville and Nashville. ".
Sharp Rally in Industrials.
| In the noon hour and along until
near the middle of the second hour OF
the afternoon there was a sharp de-
| mand for industrials.
| Baldwin Locomotive led with squirt
that carried it to 124H. over II rise.
while Crucible Steel sold to a.. Gains
| OF .la2 points were general In the war
| group. other than Bethlehem Steel.
i which did not naka any imnrQYemeQt,