Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-03-14
CLIMB IS ORDERLY
|. ON STOCK MARKET
Rails Given WhirI-ShortS
Still Taking Beating in
Linseed.
BY GEORGE T. HUGHES.
Special Dispatch to Tho Star.

Special Dispatch to Tho Star.
NEW YORK, March 14--Without in
any way letting up on the unfortunate
shorts, the stock market settled down
today for an orderly advance. There
we're still rapid fluctuations In the
volatile industrials but the list as
whole seemed to have recovered It's
poise. The real new development was
the uniform strength in the railroad
shares, something that had a reasSur-
| ing effect upon shaken speculative
| nerves.
The opening was as uncertain as at
any time during the past four days.
Radio, the star performer of Tuesday
started in today at 1873, down 8 points
from the preceding close. Then 1t
gradually made up the loss and for a
stock that has had such a spectacular
| career in recent sessions, moved Sedately
within range of 2 or 3 points.
Linseed Market Sensational.
Much more sensational was the
market for American Linseed. Here
| the short interest was hampered not
only by the small floating supply, but
by the small capitalization. The OPEN
| ing was 5000 shares at par up over 5
points and at the highest in the his
tory Of the company. From the OPEN
| ing price it moved up to los and held
there.
The strength in the rails, which was
| shared by seasoned dividend payers and
low priced issues alike. came as a vel
come relief. 1t has been said all along
that unless the rails were brought into
line the upward movement could hard
ly be regarded as genuine. They GER
tainly fell into line today.
| hirrtr -,
made by st. Paul common and pre-
ferred. the stocks of the reorganized
| companies. The ST Louis-San Francisco
made high for the year above 116,
and so did Texas & Pacific above l12
! There was steady demand for the
Missouri Pacific issues Rock Island
| moved up in sympathy with Frisco "
Lehigh Valley had a rise of nearly 6
| points. although it lost part of the gain
subsequently. New York. Chicago and
st, Louis jumped point between sales
| Delaware 81 Hudson, Lackawanna, Bal
| timore q Ohio, Chesapeake g. Ohio,
with its affiliated Chesapeake corpora
ton, and Union Pacific went along.
Industrials Not Prominent
! The only news bearing on the rail-
! road situation was the public report
| that compromise had been agreed
upon the plans for consultations of the
Eastern trunk lines in the fourth sys-
tenn. The report. which was vague as tc
details, may have influenced some buy
ing, but 1t was inadequate to account
for the upturn in the stocks of all the
| carriers, both Eastern and Western.
| The standard industrials, General
Motors, Steel and General Electric were
not as prominent. but for the most part
showed gains on the day. General Mo-
tors was the leader of the three indie
pendent Motors were strong also. Hud-
son was taken in large blocks up to
95. where 1t was at a new 1928 Top
Hupp and Packard were in demand and
there was a better market for Dodge
| Bros. preferred.
Other industrials which were COLI
spicuous at one time or another was
| Vanadium, which scared more than S
points across 80. International Match
preferred, which made a new high since
listing at liz. American International
which continued its advance Of the day
before, Johns-Manville, Warren Bros.
and Gold Dust.