Show STEEL STOCKS ARE LEADERS ON MARKET Railway Equipment Shares Are Prominent in S Saturdays Saturday's Saturdays Saturday's Satur Satur- atur- atur days day's List of Sales By Wall NEW EV YORK April Stocks O. 20 Stocks were buoyant to today a Closing at top prices with United States Steel at It 96 in len leadership All the steel shares were active e Particularly Republic and Railway Steel Spring Dal Baldwin led the railway eq equipment shares partly a as a result of the statement of oC President Johnson o of that company campan that It had ten years rears business at nt full capacity capacity In sight United States Rubber and Goodrich Goodrich Goodrich Good Good- rich were other active e issues National Con Conduit which has been Inactive for months moved upward more than two points Crucible Steel was slightly higher and showed tho the Influence of oC accumulation tion The strength tit of United States n Rubber was not surprising to those who have o followed followed fol fol- fol- fol lowed the business career of this compan com com- pan pany Goodrich was up also In sympathy with the United States Rubber Corn Products was In good demand although h not nf very active e Recent figures show Rho that the outlook for InS 1018 earnings is 20 O Oper per cent on the common cornmon stock The company earned about 3 a a. share in the first quarter IlaI Railway n h Steel Springs was strong for forthe forthe forthe the reason that Its product Is in demand from all quarters owing to the great reat number of or freight cars that the government government govern govern- ment Is planning to construct These freight t cars are 11 needed whether there Is peace or war and therefore their manufacture manu manu- facture will HI not be he stopped topped ev even n should a n. sudden victory end therefore their manufacture man man- will not bo be stopped even en should a a. sudden victory end the European war TOBACCO STOCKS STRONG Tobacco stocks wre strong American Tobacco making a R. new recent high with an advance of oC more than a n. point Joint Tobacco Tobacco To To- bacco bucco Products h held ld firm as dl did American Ameri Ameri- can Sumatra and United Cigar Stores Prosperity of oC the chemical Indu Industry tr Is Illustrated b by th the figures announced announce yesterday yesterday yes yes- b by tho the General Chemical com com- pany pam In the first quarter of 1918 1915 It earned a decrease of or only 45 0 from the same quarter last year ear Out of this It has hns set aside for taxes plant and depreciation Prosperity of or the retail business Is shown hown in the report of or orthe the Jones Brothers Tea Ten company compan which had sales of or 31 47 for the three months ending March 30 being on In Increase Increase increase In- In crease of 21 1 per pel cent over o the same quarter quarter quarter ter of or last year car Wall all street believes that this prosperity reported in figures and reflected In the tho advance of the stock market must make Its Influence Influence- felt In the subscriptions to the Liberty Libert loan J If tho the ste steel l stocks are aregood aregood aregood good the loan is Rood good for It Is a first morl mortgage age on every steel company compan In the count country The average e of the tho bank statement today tolay to- to lay day showed Rho an increase l In surplus re- re I I serves of or an nn Increase in loans of 9 and an Increase In demand do- do mand deposits of The actual statement showed showell a decrease In surplus reserves of 24 24 ail an Increase In loans of or and a decrease In Inn innet n net t demand deposits of or |