The Washington herald., 1919-05-27
STOCK MARKET
SHOWS VITALITY
Sensational Advances Rec
orded in Several Issues
During Days S Trading.
By BRoADAN WALL.

new YORK, May &-Trading on the
New York Stock Exchange touched
the 100000 mark today, and SEN
sational advances were recorded in
several issues. Every department
was excited. The advances simply
recorded the different degrees Of VI
tality in the various issues. Even the
railroads displayed buoyaney. and
that under the leadership of the old
conservative Atchison, which recorded
an advance OF nearly four points.
New high records were too numer-
Gus to mention. General Motors at
10y. U. s. Rubber at 107. Studebaker
at Ss, Chandler at 1914. u. s. Steel
at losh, Tobacco Products, at 9s, and
southern Pacific at HOS. with Atchi-
son at losx. were a few of them. The
market closed strong and active, sew
eral of the new high records being
established in the last five minutes
Of trading.
Cotton Cottons On.
Cotton also Joined in the wild ad-
vance. some options being up as
much as IS bale at one time.
1t is well understood among WELL
Informed economists that there will
be a world shortage of cotton for
several years.
Silver was fractionally higher.
Money was easier. time funds being
obtainable at 5A on Industrial col
lateral This ease of money was
partly due to oversubscription OF
the Victory Bonds
Belief that the Germans would
ha al.
one of the big arguments under the
stock market. This business cheer
fulness displayed by the steel men
last week was another incentive for
buying stocks. With all the excite
ment in the market brokers report
margin accounts in about the
strongest condition on record.
Hitting on All Six.
Here is the record of the leading
automobile issues today: General
Motors. 2oS 1-2 up 10 Ia; Stude-
baker. 80 rs up 10l 3-S; Maxwell.
4S L. up 3 1-2; White Motor. So up
rs; u. S. Rubber. 107 up Ia:
Kelly Springfield. 12s up 3-s:
Chandler. 1sl ga up Ia: Pierce
Arrow. SO 3-4 up 4 SIS: wiIlys Over
land, 30 1-2 up . 3-4: Chalmers.
Is 3-4 up 4: Goodrich. IS rs up
Is: Stutz, IS up 1-2.
As a reuslt of these remarkable
advances which were made from
hEures already considered high,
Wall Street was full tonight of ru-
mors OF vast combination of mo-
tors.
Wall Street, hears that a great
many American railroad shares are
coming from Germany in the near
future. There is evidence that
much of the selling of Union PACING,
Southern Pacific and Atchison and
ether hiSh-grade rails that held
prices so low recently was in an
ticipation of the arrival of German
stocks after the signature of the
peace treaty.
II was the increased price of sill
yer that put the smelters and cop
per stocks up. II steel is to re-
Nlre. copper must necessarily do so.
Steel Takes Elevator.
United States Steel was the most
important feature of todays trading.
although il did not attract so much
attention as did some of the less
important stocks. II has advanced
about 10 points from the low figure
level of the day following the re-
duction of the dividend to the regu-
lar 5 per cent rate. From that day
there has been steady accumulation
for the account of insiders. because
they could look ahead to better
times in the near future.
That the oil stocks would not be
downed was indicated when Texas
and Pacific stock rose nearly
points to a new high record and was
joined by Pan-American Texas Cad
do and Mexican Petroleum.
The great investment pool to be
organized under auspices Of the
United States government has cheer
ed Wall Street tremendously.