Evening star., 1928-03-16
STOCK LIST SCARS;
MOTORS LEADER
All SembIance of Restraint
Thrown Aside-Trade Con-
ditions Disregarded.
BY GEORGE T.. HUGHES.

Special Dispatch to The Star.
NEW YORK, March 16.--Throwing
aside every semblance of restraint the
stock market today again indulged IT.
self In an orgy of speculation for the
rise. Not the slightest attention was
paid to the increase of some $50, 900 900
In the total of brokers' loans announced
after the close of yesterday No thought
was given to the outlook for trade. or
to the status of the money market. or to
anything else save the continued rise in
quotations.
General Motors went through its
usual performance, making new high
for all time directly at the start. 1t
increased the gain later on until above
1853 1t was up over points on the day.
Scores of other stocks made new highs
Tor the year and some Of them new
highs for all time. There were rapid
fluctuations In prices as spectators TAX
ing profits in one issue. would switch
to another to "catch the move"
Ticker Kept Behind.
The pace was so rapid that the ticker
was unable to keep up with business on
the floor. Al one time during the fore
noon 1t was 21 minutes behind. Not
since the system of abbreviated quota
tions was put into effect has the record
ing machinery been SO strained Those
who wished to buy and sell were forced
to put in their orders Eat the market
for the tape was no guide
1t Is hardly necessary to add that
excesses of this kind have always been
paid for in the past. There is no rca-
son To believe that such will not be the
case this time. but there was no evi-
dence of concern on this score on the
part OF the rank and file.
In only one respect did the market
commend itself to conservative financia,
Judgment and that was the strength
in the railroad shares. A case might be
made out for the buying in this part of
the list on investment merit, although
the motive today was certainly specula-
tive and nothing else.
New York Central Leader.
The leader was New York Central.
which was taken in volume at steadily
advancing prices until it sold above
l69, the highest for the year, and not
far below the record top Of year ago.
Wabash and st. Louis and Southwestern
were other fayorites, both at the best
for 1928.
Besides General Motors, in which
the trading was fast and furious. all
day, there was huge turnover in Hud-
son and Chrysler. Both went to new
tops for this year and in both there
was heavy realizing. which Cancelled part
OF the gain. The soecialties which start
cd from time to time were Interna-
tional Match transferred. up over S
points. and at the highest at which the
stock has ever Sntd Clt,att Den ahad,, a.
new high for the year, American In.
ternational and many others.
American Linseed Gyrates.
There was no change in the char.
acter of the trading in the afternoon
Favorites early in the day came dowr,
from their highs. but others we're SUBJ
stituted General Motors touched 1863
up points. and then met a good deal
OF stock. Hudson Motors, after selling
above 80. slumped below 95 for a loss
on The day and then came partly back
American Linseed went through a
series OF astonishing gyrations. A block
OF $500 shares changed hands at 95i,
down almost 4 points, and then tho
price Immediately jumped to 100.
The market was not only active. but
broad. For the first time in n long
time the oil shares were taken up. The
leader was Sinclair. which rose TO n
new high for the year. with dealings in
very large blocks. Ten thousand shares
were taken at IS, up 81, points. J.. Mar
land and Phillips responded moderately