OCR Text |
Show UPWARD CLIMB 18 RESUMED BY STOCKS ON WALL STREET Increase in Buying Orders, Mainly for Railway-Shares, Railway-Shares, Is Much in Evidence; Steel Is Strong. NEW YORK, Dec. 1. Stocks, with but few important exceptions, resumed their upward climb today. An Increase of buying buy-ing orders, mainly for railway shares, which dominated the list for the first time in weeks, was reported by commission commis-sion houses over the holiday. More than two score issues of the railway rail-way division were conspicuous for their' unusual activity in gains ranging from 1 to 2 points. Included in this sroup were the shares of many roads which recently underwent the rigors of reorganization I and others ahout to emerge from that I condition. Dealings in Missouri Paelflc, Wabash, Rock Island, Chlcaero Great j Western, Texas & Pacific, Ontario & I Western. Western Maryland, coalers as i a whole and southern issues were much j larger in the aggregate than the turn- I over in so-called investment rails, j Marked strength was shown, however, by; the Pacifies, grangers, Reading, Norfolk & Western and Eries. Utilities Popular. Utilities claimed more than the usual amount of attention on the advance of 34 points in Ohio Gas to the new record of .118. with 9 for Montana Power and 2H for Columbia Gas. these also recording new maximums with Pittsburg Coal common com-mon and preferred. United States Steel recovered 1U points of its regular and extra dividends of " Vi per cent, with advances of 1 to 2 points in related shares. Copper scored similar gains, but yielded on realizing. Munitions Muni-tions and equipments were more irregular; irregu-lar; Industrial Alcohol and. American Car retained much of the advantage, while Baldwin Locomotive and motors were consistently heavy with shipping issues. Mexicans Are Dull. Mexicans also fell away in the later dealings, the irregularity of that period being ascribed to a rise In call loans to fiVfc per cent, the high rate of the year. Total sales of stocks, 1,130,000 shares. Abandonment of the plan to offer British Brit-ish and French short-term' bills in this market, in deference to the wishes of the federal reserve board, was without effect ef-fect on quoted values. Irregular tendencies in tbe bond market were again attributed to the lower levels reached by international Issues. Total sales, par ;value, $4, 425,000. United States bonds were unchanged on call. |