Show SECURITIES ADVA CE DESPITE COAl EDICT 1 DY n. I By y International New Sl g Service New ew York Jan Jait 17 Speculators 17 In InWall InWall Wall al street had the greatest surprise of or the season today todar Most of or them went wont into into- the Into the street expecting to see Bee stocks break breal badly Those who were short put In covering orders for Cor large volumes volumes vol vol- umes of or securities expecting to have havo bar bargains tumbled tumble led into their hands Too many did so so 10 with Ith the result resul that there were more bu buying orders than selling orders after the tho market marke opened There was a sharp decline and an Immediate recovery Not ot on only 1 lid did ld st stocks clis recover cr all al the loss but the entire list went higher than the tho close of yesterday This advance was under tinder the leadership of ot United States Stales Steel Mercantile Marile Mar- Mar ile and Oil 01 shares In the IR last t hour there was a general decline that clo closed ed edthe the day with wih net net losses While hla the manufacturers were saying that the tho coal order meant disaster r r to I Industry tho the Investor saw in U it only an opportunity to buy more stocks Industry is paralyzed anyhow and a afew afew afew few days of at suspension would really realy Increase production There Is h nothing unreasonable In the order when properly properly properly prop prop- erly read It I simp simply makes certain that railroad cars car will be unloaded at terminals ter ter- thus clearing way for Cor or certain and complete movements of or production In tho the future The steel mills were so bad badly 1 crippled for lack of ot coal and I through h congestion on c of or loaded cars that they were operating at 40 10 per cent c ca ca- ca pa city The constructive feature of ot this order which the stock market celebrated was the fact tact that it will wil clear tho tine tracks trades and end the thc agony agon of ot con congestion eston In the tho second place It It will 11 help the thc factories by getting to market their thel finished products that have cluttered up the sidetracks all ni over the tho country countr and thus getting tho the money monc value of ot that product into their bank account while at the same sarn time It I will wi ihl enable them to ship chip to lo consumers the finished material that Is preventing full tul productions productions pro plO in the factories In the thc third place the Business world believes 08 that the tho system of ot having ha a aprice aprIce aprice price fixed for coal coni has been heen proved a failure In the fourth place the experiment with wih coal makes It I pret pretty certain that petroleum will wil escape severe regulation and price fixing That is why petroleum petroleum petro petro- leum bum stocks were so strong today Cotton Indulged In some come wild move move- men ments ts The bond market broadened toda today and displayed greater greater activity Price movements mO were somewhat Irregular Foreign Issues were vere firm to strong stron while some of at the tho railroad group showed a reactionary tendency I Liberty loan first Is 15 broke to a new I low level levet hut but later Inter recovered recovered- nearly nearl to the level days day's high figure At t the close coso less lesi than titan a n point separated the quotations quotations quota quota- tons on the first and second Is Liberty Liberty Liberty Lib Lib- erty Is first were firm French municipals mu- mu ruled firm rm Japanese second os were strong strong advancing to a n new high price for the themo ement movement Chile Chlo Copper formed tho the feature of ot the In Industrial group advancing ad to W STOCK MST LIST U. U ii-i ii I I. I L. L I O. O American an ct Sugar 0 73 1 74 American CIU 36 tol 6 n 35 3 i 72 71 American C. C O. O 6 64 55 American J. J 30 M ao S. S S 7 s I. I 79 t Te Tel ut Id Tel Tel 1 7 Z f. f L. L 7 Jo f 10 r Copper I 62 I 61 I S. S I 82 Pi 52 Ii 0 W. W 1 I S. S S. S I. I Jh 2600 I l Ob 9 53 t 62 4 Butte k CIper a 1 U I uS California h COI l 15 I H 14 1 1 lO 14 13 01 61 6 62 11 W 63 5 l Obio 16 52 2 j 61 i 51 1 Chicago St. St Paul 1600 H 14 1 42 12 43 k I. I r 92 0 Chicago B. B I. I A l. l 1 cUs Ii 1700 19 I I 16 J 19 Copper I. I 4 2 t 42 4 In Colorado Fuel k Iron Irn 30 o Pt 35 33 33 3 Corn 21 30 30 O Crucible Cor 8 Steel tl I Ier 60 14 55 f 33 5 Cuba Cane CD Sugar O l 25 I 1 2914 Securities IO 36 l 33 Urie 1 15 11 1 3 H 14 Geo 30 13 General Motors 1 t pM M 67 5 SG I ST Great ore 0 Cl 60 26 5 23 I 5 Illinois Central rc cf Cl 93 3 In Cov r 1000 1 H 11 I 43 4 4 I 13 lot Int pd 94 S' S 5 I 3 Nickel I 1100 27 1 27 r 1 27 tul Ia lair r I ii 27 23 Kansas CH City S 2001 J I 16 U. U 16 Co Copper r 4 33 I 31 I 32 Louisville 3 Motors totor 13 1 13 4 Mexican 69 9 55 57 Copper Will Ml 31 31 J. J Pacific 21 20 1 1 f Power lower 2300 evada eudA C r S it 1 15 I New ew ewo o York k Central 1400 69 II U 66 69 1 n f Norfolk A k I 10 10 52 81 51 J I Ial 1401 f 44 45 43 Coal 10 4 flay Har Coo COD Copper J 23 2400 lG i l 71 l I il 71 rr A k Steel Stel 9 76 n 73 74 iT Je 51 81 SH Southern Beltway 2600 22 22 1 2215 Corporation 65 41 49 S l 46 I 60 lU UI In 1011 I U. U S. S mu IDo Alcohol 1400 lS 1116 IlG State Statu St 1 1 t I ss' ss iO Pies Pies' lush h Co r Ol 75 52 J 13 PI 21 7 1 iW 21 I 1 1 2001 21 6 1 57 r f 1 c le tr 2200 29 11 1 35 MIes l le t fur the thy day r. r kLarr I |