Show I Fresh Buying Starts as Peace Hope Flees By oty to Tin Tt b T l V NE EW YOm YORK Jan S. S The The strength and tind activity of or t oa 8 operations was again a ascribed to short shor covering and fresh buying based largely on the belief beleC of an indefinite continuance of ot the war WoT Sales exceeded shares Steel dominated later dealings on Its Is further rise to 15 Marines Marine oils oil and minor industrials Industrials' also a added ec to early gains Kalns but the old stock of ot General Motors Motol'S foil fell fol CO 50 iO points pints to Tho The closing cosIng clos clo cos- cos ing was strong Prices bounded forward oud again at today's today's today's to to- days day's active opening prominent Is issues ues especially those comprising the so 90 caled called war group gaining gaining 1 to 3 points against I yesterdays yesterday's fn final fina quotations United States g Steel was the chief chic feature on an Initial sale of ot shares at a n point 1 advance soon extending its Is lead to 2 points Shipping shares petroleum Central Central Cen Cell Leather Industrial Alcohol and other speculative favorites 8 were strong Metals also gave moderate gains and motors motOr were heavy notably Studebaker and General Motors Rails RaiA were dull ul and Irregular Aside ABide from front further irregularity In marines and low Jow priced rails rais the list continued Us its Is advance of or the first firt hour Steel scored an extreme extremo gain gala of almost 3 points rising to 1 and allied IndustrIals industrials In Industrials In- In as DS well wel as specific munitions and equipments equipments' made further headway regardless of a adverse cre tra trade e reports reports Advances Ad- Ad anres vances In this division ranged raged from front 2 to 6 points with additional gains in other shares hares hares which derive their main Bo sources ot of f revenue from front foreign contracts The change hange in the Mexican situation was reflected in a a 6 point rise for tOt Mexican Petroleum and 2 for American Smelting Bonds were Irregular |