Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-09-14
Finance and Trade
WASHINGTON, NEW YORK, LONDON
BROAD, LIVELY MARKET
WITH LARGE ADVANCES
Sensational Activity Gives Promise
of a 1900, ooo-share Day-Pub-
lie Trading Freely.

NE" YORK, September lit looks
very much as if the public had taken
the bit in its mouth and was running
away with the Wall street market.
1t Is quite probable that operators
generally are pulling with them and
that the selling comes more from profit
takers than from strong boxes.
old-time war favorites have made
new highs. surprising the movement
in many stocks of months ago. The
bears have retired. bruised and beaten.
contented to pick up few crumbs OF
comfort from the side lines where there
are many stocks that are laggards
which have not absorbed any of the
virus of the bull market
5OS.OOO Shares in an Hour.
In the first hour of the session $685.
900 shares changed hands and it is
within the probabilities that this may
of the day.
Industrial Alcohol made the best gain
of the morning. General Motors ex-
cepted when il advanced to 126. as
compared with close at 1201e yester-
day. General Motors gained Is points
in the morning and may make it null
tiples of eighteen before the close.
Steel common started a little late but
made up for that in a rise to 1868,
new high record. Bethlehem Steel ad-
ded points to 159.
Action in the Motors.
1t was next to impossible to keep pace
with the trading in the motor shares,
Maxwell's great earnings helping the
stock greatly. the common selling to soA.
while Studebaker scored a 6-point gain
Smelter, Texas Oil. American Locomo-
tive, Lackawanna Steel, Republic Steel
and Iron. Sloss- Sheffield. Colorado Fuel
and American Car were among the active
leaders. and all scored advances.
About midday Marines came to the
front with sharp gains, after tagging all
morning at point advances.
Coppers displayed more strength, and
at noon the whole market was going at
sixty miles an hour, with valves wide
open
Sharp Gains in Rails.
Some of the railroad shares started
rally on their own account. New Haven,
the front with an advance of nearly 5
points. selling to 81 with small reaction
Reading opened nearly . points higher
and dropped back a point. st. Paul gain
ed IL. New York Central y and Union
Pacific L.
Other rails moved along in the old
way.
Feverish Activity Continues.
There was no let-up of the feverish
activity of the first hour. sales at
O'Clock amounting to 100000 shares.
or at the rate of almost 100000 shares
for the full session.
Additions TO early high records were
made by United States Steel at 107,
Republic Steel at 69s4 and several of
the leading coppers. General Motors
was the star performer. rising SO points
to $50. a gain of 116 points since last
week
Reading also sold at the unprece-
denied price of 114A and other leading
rails developed renewed strength. Ma
rines contributed largely to the enor-
nous turnover, the common at the new
high of 50H.
Reactionary tendencies were shown
b. other shipping shares. and Crucible
Steel and Baldwin temporarily lost
their gains. with weakness in Kelly
Springfield TIRE.
The Closing.
In the final hour business slowed
down perceptibly. Brakes were put on
here and there throughout the list and
the garnering Of the big profits caused
recessions and gave operators a breath
ing spell Indications as the market
moved to close were that it would be
a 100000 share day. or little under.
Sales to o'clock were 1924, 900 shares
Before the recessions there were
made even the highs Of the morning
look small. General Motors touched
$50 or SO points better than yesterdays