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Show NEW HIGH RECORD ISTTaDE BT UNITED6TATE5 STEEL Kindred Stocks Also Score Advance; Marines Heavy; Growing Disposition to Buy Good Securities. By BROADAN WALL. By International News Servi'-e. 1 NEW YORK. S.'pt. IS. Another mil - 1 lion-share day saw tho usual Monday afternoon aft-ernoon reaction that Is one or tin- absolute abso-lute certainties of every genuine bull market. At the one n ins" 'here was the traditional accumulation of orders from the public that iiad read about the market mar-ket in the Sunday newspapers. These orders were filled bv professional traders, and the heavy selling Wt the market In a depressed condition. According to the usual methods no support will be offered of-fered tomorrow morning, and an irregular half-day will test the public temperament. tempera-ment. Then fresh buying will be incited by manipulative orders from high quarters. quar-ters. Seldom have the big people felt so sure of their ground. They have tested the advancing market repeatedly by heavy sales and found the stocks taken. They are not anxious to sell, because they are confident that tho war is going to'con-tinuo to'con-tinuo for several years, and that tlie present big earnings will go on for more than a year at least. If tlie war should end suddenly, there would have to be some quick readjustments, and that is the only risk dealers in stocks now run. Steel Advances. Steel made its usual nigh record, selling sell-ing this time at lOS. Tt was heavily dealt in and had an extreme swing of only a little more than a point. Bankers Bank-ers thought it acted remancanly well and the buying of it was much better than selling in the afternoon- The same was true of other steels. Republic, Lackawanna Lacka-wanna and Mid vale having but trifling setbacks. Texas stock, which has been purchased persistently by t.he Insiders, had a net advance of 14 points. The company is earning in tlie neighborhood of $70 a shire on Its stock, and some very lin-liortaiit lin-liortaiit readjustments of its titmn-"ca will be announ.ru in October, ai-corrium to present pliin.s. Tlie rise in '1 exits com-panv com-panv stork oMUed a s ympii t ht-t i-- rise m Mexican Petroleum. Tli rapi'Hy improving improv-ing condition? in Mexico r.n.mie. to brm tins to-k to the fiivor;. olc ai'.entiuii or Wall Ptrve-t before Ions. Toilav tobacco products irnule a ciii--K response to the stutemtMit ni this col-imin col-imin regal-dins the rupiU growth of the ciputette business. Marine Stocks Heavy. Marine s'.o- Us ero all he;i v. Tn,e reason Is that the post in International Mercantile Marine common has sold out and wants 10 accumulate at a lower level. Thp other marine stocks were heavv in svmpathy. A reduction of cot- , ton :-relffht rates hurt marines and put cotton up. Drigps-Seahurv advanced more than seven points early hut reacted with other stocks. American Locomotive was strong; in the early session, because It r,'ets one- ' half the $10. JOO.OOrt order .ylven by tho New York Central for locomotives. Lima: locomotives et tho rest of it. Crucible Is beinc iicconuiodaicd again In antiei- j pation of some very Important announce- 1 ments repa rdlns finances and orders. American Can sold off easily. There is a nrowinfr disposition to buy pood stocks that have been neglected, and today saw the beginning of movements move-ments in General Electric, Interborouh Metropolitan preferred. People's Gas, Vulcan, Vul-can, Detinning and Virginia Iron, Coal & Coke. Bonds were firm but featureless. Total sales, par value. 54, 150.000. Tnited States bonds were unchanced on call, but coupon L's advanced per cent on an actual sale. |