, 1923-04-18
NEWS AND QUOTATIONS By LEASED WIRE
STOCK MARKET
STILL BUOYANT
Consistent Gains Throughout
Majority of List in Ex-
change Trading.

NEW YORK. April 1s-Heavy buy
ing OF the railroad shares featured
the strong upward movement Of prices
in today's stock market. Short COW
ering operations obviously furnished
the impetus for the advance wi the
volume OF sales, which Appropriated
l,O50,0O0 shares. indicated a marked
increase in public participation. Rel
atively easy money rates and new
high prices for raw and refined sugars
had a cheerful effect on sentiment.
NEW YORK. April 1s.-Prices dis
played a arm tone at the opening Of
the rise were continued in oil, motor,
motor accessory and equipment
stocks and a selected assortment OF
railroad shares and speoialties. Du-
pont advanced one point TO 140Is,
another new high record. The early
advance in rails was led by Western
Pacific, which opened a point higher
Baldwin. Studebaker, Pan American
B and Mack Truck alos registered
moderate gains on opening sales.
Trading b~roadened as the morning
progressed and early gains were ex-
ended. Canadian Pacific established
l new top at 1857, up me-, and New
Orleans, Texas and Mexico advanced
u. Dupont extended its gain to six
points touching 145i4 and general
motors created a new peak price at
i7t, up Is. Sugars made a moder.
ate response to a new high price for
tho refined product at $50 cents a
pound.
Gains OF 1 to 2 points also were
'ecorded by Pan American 3, Repub.
c Steel preferred. international Har.
Jester, Kelly Springfield, National
Cloak and Suit preferred and General
electric. An overnight break Of 10
points TO .003s cents in German
marks was the feature OF foreign ex.
change market. Demand streling held
steady Just below $4.65h and French
francs yielded slightly TO 6.52 cents.
The rising tendency of prices con.
tinued throughout the morning. Signs
Of increased public participation par.
ticularly In the railroad shares, led
to extensive short selling in, some of
the stocks which recently had been
under marked pressure. Oils were
1b0+AA NAAN NEAlANA VI speculative aC-
tivity. but a good inquiry also de
veloped for a number of other popular
Industrial issues. Stocks of eastern
lines made the most progress in the
railroad group with the Reading. New
Haven and Delaware and Hudson up
one to two points. Canadian Pacific
was heavily bought. rising two points.
Dupont sold Ga points above yester.
days closing price and Atlas Powder
8; United Railways investment pre-.
erred 8; Marland OH 2A and Tide.
water Oil 2. Call money opened at 8
per cent.
Proht taking sales in Dupont de-
pressed It Az points and Computing,
rabulating and Recording. Reynolds
Spring, Stewart-Warner, National
Lead, Woolworth. American Hide and
Leather preferred and Pierce Oil pre-.
ferred were also under pressure. los,
ing 1 to az points. Buoyaney, how.
ever, was evident in several other
shares, Canadian Pacific climbing
Az points TO 1917, a new high
record. United Drug jumped four
noints, American Express and Amer.
lean Radiator three each and several
other specialties 2 to az.
Tho closing was strong. Bullish
demands in the investment railroad
group and a selected list Of specialties
continued up until the close.
Canadian Pacific crossed 100 for a
net gain OF 5h points, Stromberg
carburetor was pushed UP 81 and
Union Pacific advanced 3.