Evening star., 1924-10-17
PRICES ARE STRONG
4 |NF|NAL TRADING
Afternoon Advances Cover
= 1. Wide Range-Coppers
Fail to Move.
BY STUART Il. WEST.

Special Dispatch TO The Star.
NEW YORK, october 1.-THE bet
ter feeling which had lain beneath the
surface of Thursdays stock market
came out more courageously into the
open today. 1t was not market in
which particular efforts We're being
made to put prices up. Rather 1t was
"a case of ready demand for stocks
as they were offered at gradually ris-
ing quotations. From the bullish
standpoint, the market had an en-
coura ging look from the outset. The
political situation was again the
principal consideration.
stocks Move Up Easily.
The ease with which leading stocks
like American Can and Baldwin Loco
motive recovered the ground lost the
previous day, was the first incident
pressing the street. Second was the
steady absorption of United States
Steel "',r'' mon. which seemed to sup
port widespread intimations that de-
N.lvpih>n,. ut the dividend meeting
a week from Tuesday will be favor
able and that the quarterly earnings
extra dividend covered. The third
was the resumption of operations for
the rise in a variety of stocks where
speculative syndicates had been ac-
tive earlier in the session.
Railroad Shares Strong.
Shares of the Southern and South
western carriers were consistently
strong. Atlantic Coast Line had a
rapid upturn and there We're advances
of Il point or so in Southern Railway
IN st. Louis and Southwestern and in
Texas and Pacific. Buying was re-
cd in NJ ri
common and many thought it signif-
icant that this was accompanied by
corresponding strength in New
Mexico and Arizona Land Stock on
the curb. St. Louis, San Francisco
owns 81 per cent of the land
company's stock, and the latter was
going up on reports of impending oil
discoveries.
IndustriaIs Also Higher.
High priced industrials with a
narrow market were quick to respond
to the upward turn. Stocks like
Woolworth, General Electric, Cast
Iron Pipe and American Water Works
We're bid up readily. Those intrusted
with safeguarding the market for
Corn Products expressed themselves
as satisfied with the way the recent
estate liquidation had been taken
ed over, but with prices inclined to
advance. Stewart Warner broke an
other points at the start but
subsequently rallied. Eleventh hour
reports of improved earnings modified
opinions as to the possibility of un-
favorable action at the dividend
meeting next Monday.
Treasury Notes Up.
Continued buying of United States
Treasury 4As around top levels was
properly taken to reflect the inside
view of money conditions, at least for
some time to come. Selling of the
German bonds, which bore them down
some points from their high, was
easily enough explained. The ad-
vance to 953s had been due to buying
in the open market to make up fol-
deficiencies in quotas under the sub
scription allotments. Those who haG
put in their application with view
TO making a speedy speculative prof,
were not in a position to sell until
they were Informed of just how many
bonds they were to receive. This in
formation came Thursday morning
and the decline since then was simply
due to selling by spectators, with
whom anything procurable above 81
was profit.