Show S HIGH PRICED S I I STOCKS ACTIVE Spirited Buying Causes Price Boost Total stock sales shares share Twenty Industrials averaged net gain 01 High 1923 1038 low Twenty railroads averaged net loss los 38 High 1923 low NEW YOn Dec De 8 Spirited Spirited buyIng buying buy- buy Ing of ot high priced tobacco shares and specialties many of which reached new high levels for the year ye featured today's toay'S brief session of or the te stock mar mar- Icet It was one of ot the tho most active half haf holiday sessions this year total sales running over shares snares New 1923 tops were established by Liggett Ligett and Myers which closed 12 2 1 points higher at Tobacco Products at 78 3 8 Schulte Stores at 16 4 3 Philip Morris at 23 8 7 New York Central at Baltimore hlo Al 60 JiG 4 3 3 4 at Armour of Delaware Delaware Del Del- aware prof preferred erred at 94 8 1 General Genera Electric at and b by National Supply Overland Willys-Overland Overland common United Fruit and Tabulating Computing Tobacco Products Product and Schulte dropped sharply on taking profit In tho the final dealings Railroad shares enjoyed a a brief Interval Interval interval In in- of 0 strength but the tha the heavy selling selling sell sell- sel- sel ing of ot the northwestern carriers apparently apparently ap ap- ap- ap pa based on Oil speculative fear tear of ofa ofa ofa a reduction in the freight rates rate on grain as suggested in tho presidents president's address to congress brought bout about about a reaction before the close Losses of ot a a point or more were registered red by Chicago Chicago Chi Chi- cago caO Northwestern common and preferred pre pro Omaha Omaha and Northern Pacific Jersey Jesey Central Cental Jumped 9 points on a a smal small turnover Standard industrial shares failed to tomake tomake tomake make much progress United States Steel comon common Baldwin and American Can all all sh showing fractional recessions recessIon Studebaker showed shoed a a nominal gain but hut buying took place in other sections of the automotive group gains gans of 1 to 4 points t being recorded by berg C Carburetor t Stewart Warner Fisher ger gerC Bosch Magneto nJ and ana 1 Chandler Chander Maxwell Motors A dropped more than a point pont Independent oil 01 stocks Improved ed In further reflection of ot decreased crude oil 01 production Marland Maland standing out with wih a gain of nearly nealy 2 points pInts The weekly clearing house statement statement showed decreases deceases of In loans lons discounts and investments Investment and ed In net demand demo deposits Reserve Reserve Re Re- I serve of member member banks In the federal feder reserve bank increased and time deposits Increased Age Aggregate Aggregate Ag Ag- totaled e leaving excess reserve reserve of 0 g and anti increase of ot over tho the week before Trading In the tho foreign exchanges was wai rather quiet t owing to th the church hO holiday in many countries Demand dg sterling rOd dropped ot 8 5 of a cent to 4 35 7 8 French c francs hold held firma firm around und 2 1 cent and the theOther theother theother other principal European rates raes showed I slight recessions |