f Daily Market Report Hvf WALL STREET. ji NEW YORK, April 7. Motors and, Ipm steels dominated the active opening1 of kJ' today's stock market, supplementing iPjji for the most part yesterdays substantia substan-tia tial gains. Studebaker was the out-'gli out-'gli standing feature as a result of the H' 33 2-3 per cent stock dividend declared' Hi yesterday. The first transaction in that' mm; issue comprised one block of IS.OOOj ay, shares at 119 down to 117. an extreme III overnight rise of 8 points. United' Ml States Steel was again heavily traded) W in, its Initial offering being 10,000 I! shares at 106, unchanged. Equipments, g! oils, shippings, coppers, food shares. I and miscellaneous issues -were 1 to 2 l points higher. I W"4 ly during the morning, regardless of It heavy profit-taking, sales of the firyt hour approximating 500,000 shares, fl Studebaker extended its advance to . almost 125 and other features of pro nounced strength included General Motors, Bethlehem, Crucible and Jle-L Jle-L public Steels, Baldwin Locomotive, 1 1 Mexican Petroleum, Texas company, I American Woolen, United States Rub ber, Marine preferred, Atlantic Gulf, ' United Fruit, American International,. Corn Products and several sugar issues. is-sues. Advances among these stocks 1 ranged from 2 to 6 points, but Unit ed States Steel failed to gain much I more than a ,point. Call money .was trcely supplied at G per cent. ; Activity slackened in the customary manner at midday and leaders eased .1 to 2 points from their best. These J moderate reactions were balanced by i further gains in motor specialties, . equipments, oils, leathers arid chemi- I cals at extreme advances of 3 to i) 5 points. The market became active again in the final hour when rails were in de-I de-I mand at extensive gains. The closing i was strong. i Further stock dividends, the six per i cent call money rate and favorable ! I trade reports, were the principal fac- tors of today's broad and strong stock ! market Sales approximated 600,000 ' shares. I i