Show GOOD UNDERTONE SHOWN IN MARKET I Open Strong but hut Sell Off New v High Record for Sugar f j t BY Br DAt WALL Ne New No York April 5 The The excellent statement of ot tho the Federal Reserve bank Satur Saturday lay combined with reports of or further fur fur- ur- ur ther Uler gold g Imports which resulting In sterling touching a a. now high record for tor the tho year car gave tho the stock market a firm undertone today In spite spite- or of the blizzard that cut off orr much of or the western western west west- em ern business Sterling went to In Inthe Inthe Inthe the early afternoon Money renewed at 7 per por cent cont and was offered in large largo volumes as low as 6 but brokers did not want it because tho the long account in stocks Is too smalL The technical condition of ot the stock market Is ex ex- ex The only reason there was any hesitation at all aJl was that traders expected expected ex ex- the tho blizzard would cut off ort much of ot the bullish enthusiasm that has been coming from the west and because they feared further complications In la Europe following following- the action of or France In re regard regard regard re- re gard to the tho Ruhr valle valley Stocks opened strong but almost Im ImmediatelY Immediately Immediately Im- Im mediately sold off ott two points and three points all along along- the Une line Crucible was about the only issue to hold Its own and it remained fix firm around Other speculative favorites were strong strong- Even Steel yielded to the sellIn sellIng selling sell- sell In Ing of ot the tho street Alter After the money market opened Crucible began moving upward and continued the leader of the day in point of or strength although some somo others exceeded It in activity Before Borore tho close Crucible had sold as high as 2711 2715 Corn Products distinguished it itself itself it- it self almost from the beginning of ot the market markot It sold ex-dividend ex 11 per percent percent cent but undo made that up tip when others were still weak and touched the th highest high high- est eat price recorded for tor more than a a. year when it sold at 99 United States Realty that was very strong strong- last week was heavy In tho the morning but quickly rallied and gained g more than five points before its advance trets checked International Motors was one of or the new favorites favorites' The company represents tho motor end of ot the old Wright Mar tin 00 company an y The stock was recently selling around to It opened today at nt and sold up more tha than twenty points in about an hour Point Ever Raw Haw sugar arriving from Cuba sold rold soldat soldat at Hi cents at New York This Is the highest prices at which sugar ever sold In this market Tho The natural result of this was an advance In the price of ot all su sugar ar stocks The Tho Stutz remains unchanged unchanged unchanged un un- changed except that one excited odd lot Investor Invest r who was short of the stock tried to cover and no stock available available avail avail- able under 2004 2000 a a. share There was no record of any actual trading The Tho street is curious to see ace how tho the stock exchange will get s-et out of the situation It has jumped into Never Ne before has the tho exchange done dono What it has done now In fn regard to Stutz Brokers are aro powerless but any customer who has hasa a a. contract calling for tho the delivery o. o of Stutz can go SO through the broker to the the- customer and take him hint into court if h he lie does not make good Tho stock tock ex exchange cx- cx change chanie can have e no control over any customer Brokers themselves are protected protected protected pro pro- from loss because aU all transactions transactions on the exchange are arc for the account ac as count and risk of the customers All that the broker guarantees to do is to got Sot a a. genuine buyer or seller as s the tle C case caso may be The odd lot situation In Stutz Stilts Is extremely interesting Studebaker was a leader in the last few minutes of trading and competed with United States St Steel l for honors A Astock Astock Astock stock dividend was said to be the reason reason rea rca son for tor the great grent activity ty Passa Passage e by both houses of or Con Congress ess of or tho the bill permitting tho the reserve banks s sto to charge bank rates vary varying varying- Ins Ins- In accordance accordance ac ac- with their borrowings Is supposed supposed sup sup- posed nosed to be a n. blow at speculation peculation in inWall inWall inWall Wall Street It mado some traders hesItate hesitate hes hes- today |