OCR Text |
Show I Scenes of Wild - I Excitement on New I York Stock Market rHL New York, April 16. Scenes of 1J wld excitement attended the renew Bj al of operations on the stock ex- B change today1. Tho trading floor was HJ crowded with members and tho vis- m Hors' gallery was lined with spectat H ors, many of them women In gay nt- M tire. Overnight buying orders and H a furthor stampedo of the short la B terest lifted prices throughout tho H list, gains extending from 1 to 3 Hj points In speculative favorites and H specialties. H United States Steel ngaln was tho H chief feature, opening with a block flj of 15,000 shares at 67 1-2 to 57 3 4 nnd HI soon advanced to 58. Bethlehem Steel was tho only prominent stock HJ to hold back, declining 2 points. Rock H Island was the most erratic lssuo, rls- H ing almost 4 points, H Trading during tho first halt hour Bj was on the largest scale for that per- B lod In tho recent history of tho ox- BJ change. Recssslons, ranging from a K fraction to 2 points, ensued soon of- H ter the Initial outburst on heavy pro- H fit taking. Hj Prices recovered from lowest lev- Hj els beforo the close but failed to ro- H peat their best quotations of the first Hj hour. Sales for tho two hours ag- BJ gregated 800,000 shares, tho largest Hj total for a Saturday in six years. |