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Show 'AGGRESSIVE GUYliNG O.N THE ! NEW YORK STOCK EXCHANGE 1 .Market Strong- on Reports From Washing-ton That .Mexican Policy Would Not Be Changed. ISy BROADAN WALL. I by li.i.-rnai:oi:al News Service. -L"W YOlUv. Jan. H.--Krports from ahiuptou that the administration has dr. :,.!.-, not. to change its -policy regard -ii'- Mc.vioi resulted in a strong stock market today, .nmvssive buying of the industrial yn.up tx-curred thntughout the '-siun. Pevera! speci dties touched new iigh pri'-cs. nul?t notalde among these t" ing Intenuitional Niekel, Lnlted Slates lndu.striii t A iro'nol and Coin Prod u-ts. Mar stocks were at the front with duel!. du-el!. !e Steel the leader and showing a ;iin at onu time of olmoKt 10 points "anil a bon 1 17 p. tints atawe the low figure quoted in Wednesday's eurlv break. ' The chaiiRp in sentiment Wa.s apparent at the beginning of trading, initial piiecsi showing slight pains over esterda v's 1 closing. The war stocks were at the trout, from the start, notwithstanding statements In market letters by brokers thai this group was in a dangerous position. posi-tion. Before noon prof it-taking and. realizing real-izing resulted In recessions from the early high, but offerings were readily absorbed and the aggressive movement resulted In the early afternoon. Late Upward Movements. i Late dealings were featured with sharp upward movements in Western Union and Corn Products. The close was strong and around the, bent figures. Crucible Steel developed startling resiliency and its advance to 61) 2, or i'S'Ji points above the low price of recorded on Wednesday, caused much comment. Commispinn houses siid tiie huving in this stock received its incentive in-centive from the report thai (he company had closed a hue order with G :c;u Britain. Brit-ain. Hit id win Locomotive alm ivciweivd Sharply and advanced more than points, as also (id Stndcbaker. With the exception excep-tion ni "tucib!e. there have hern no developments de-velopments in the business of the companies com-panies to warrant renewed speculation at adanced prices. Expected to Win Suit. The behttcd participation of Corn P'.od-ucts P'.od-ucts in the industrial advance came like a "bolt out of a clear skv." The rise was accompanied by revived repiri.s th;il the company would probably win the government gov-ernment suit brought asufnst it. Km ti-ings ti-ings for the iasl quarter of last vear were also said to have been well ahead of 1914. Improvement in the oil stocks was undoubtedly un-doubtedly due to the progress made relative rela-tive to the new merger of which the Mexican Petroleum company is to be tbe nucleus and around which tbe other companies com-panies will center. One of the men taking tak-ing a prominent part In tbe merger con-, con-, Terences informed the writer todav ihiit the terms have been practically decided upon, all that remains being the actual signing of necessary papers. He s;iys a total of about ?12.V0ii,rtio will be needed 10 finance the af.a arK thHt this will be supplied by certain persons interested In it. Investment bankers tcportcd a broadening broaden-ing of the hour! market. |
