Evening star., 1923-04-14
SHARP ADVANCES
| IN STOCK MARKET
Prices Go Higher During To-
days Session-RaiI Shares
More Active.
by STUART y. WEST.

SPECIAL Ul1pdtcn 10 L ne otaE.
NEW YORK, April 1.-The main
distinction between the two hour
stock market today and the markets
OF preceding days was that the ad-
vance was more decided and at the
same time better distributed.
1t was the first occasion in long
while that the railway shares came
in for attention. During the latter
half of the trading these stocks. in
fact We're fully as active as the in
dustrialS.
Canadian Pacific made a new high
for the year above Isl and this, with
the renewal of the special buying
operations which have been noted be-
fore in Pere Marquette, Pittsburg
and West Virginia and one or two
other low priced issues, led to re-
covery all through the railway list.
Marine stocks Rally.
Mercantile Marine preferred made
new low at the start, but subse-
uuently rallied with the rest of the
list There was further heavy sell
ing for a time in Marland Oil. but
the pressure was off other oil shares
and the shorts in the Pan Americans,
IN Pacific Oil and in California Pc
groIeum were business covering
Copper stocks for the first time this
week showed signs of Improvement
although this was not particularly
emphatic.
REYNOLDS Spring was a feature
among the spccialtics. Tobacco stock
were active and strong with Retail
Stores up close to So and sudden
rush of buying coming INTO fhiNI
Norris.
Trading was not active. but the
tone was one Of increasing confidence.
Weekend business reviews made 4
favorable impression, for, while they
admitted a slowing down from the
.,N.1 -,f ha 1nSt fFNn ~
Two, this was analyZed as a natural
reaction and something that was quite
desirble i'll order to avoid eXcesSes on
the side both of production and price
advances.
Third Strong Session.
This was the third consecutive day
upon which prices on the stock cX-
change moved forward 1t was alSC
the third successive day for this mar
ket TO be the feature of all the mar
kets. Thursday and again Friday the
advance had been Interrupted by the
"uEropping of weakness in special
stocks like the oils and shipping
shares. But this morning, while here
and there points of wea kneSS develop
ed they had less effect.
MarIand Oil at New Low.
At its low today Marland Oil was
selling over a point under FRIDAY :
final and nearly 10 piints below It's
Two reasons for this. The speculative
community was taking il for granted
that a mid-continent oil cut was i'm
minent and that whatever it might be
it would affect Marlaud earnings
Second. Marland has had probably
the most rapid and consistent rise
among the domestic oils and it was
due, the street said, for an equally
sharp corrective.
Bosch Magnetic RumOrS.
Current earnings of the American
Bosch Magnetic Company are at an s.
rate and belief in quarters close &c
the company is that Bosch will enc
the year with at least So a share
for the stock. That is the reason
why there have been rumOrs regard
ing dividends later in the year. Bosch
has just developed new line of bust
uess and it is making great strides
1t has lined up a number of new
customers and forward bookings are
at a record rate. This new line OF
business is what is termed battery
ignition and Bosch in the first quarter
nf this year shipped more than $4,000
sets as against less than 100 sets in
the first quarter last year, when the
company had just started its new line