Salt Lake Telegram | 1924-12-20 | Page 8 | Stock Prices Again Boil

T K PRICES I II L I AGAIN G IN BOIl Weekly S Sales Ies Is 5 Large arge f i j- j NEW YORK Dec 19 Stock Stock prices I continued to boll tris week weel on an enormous enor enoT moos volume of trading the industrial average being lifted to the highest point since the peak of bf the postwar ost Iu m bofe-m in 1919 1010 and the railroad average veraS attaining the highest lev level l since 1917 Tot Total sales a averaged avei nearly shares dally daily While the most sensational movements tool took place plate In the v specialties many of ot which are under pool c control nt ol chief speculative Interest centered in the Eastern ansi and nd Southwestern rn vj d. d shares which we Ie were up to new high 11 levels on reports of the rapid progress SS being made in the of t mer merger r er ger plans plan 1 Eastern co lers were especially espe espe- 5 daily active v i Buying in the ge general list was Influenced I by a n. variety of ot factors including the easing of or call aIL money rates reports ot expanding ste steel l n nd a-nd huge I equipment orders a a. serl series s of ot favorable dividend d developments prompt over over- I subscription of ot the Belgian and Greek GreSk lo loins ns continuation of ot record car cir loadIngs loadIngs loadIngs load load- I Ings rising commodity prices and pUblication publication pub pUb- of or an With Secretary Mellon quoting him bm as 09 saying that tha he lie s saw sw w no r In the recent Strength ng h hand I and activIty of or stock stock- I United States Steel common crossed lift to the b H ill ice since 1911 had and nd most of ot the the theother other stand standard rd Industrials recorded substantial substantial- gains American m rl an anC C Can n being run run- up 8 points ts in Ill a a f few w y minutes Buying Buyl ot qi the th motors was waIn rin anticipation of f Increased ased sales this spring Merchandising Issues the heavy business Public utilities continued contini to respond to reports df df large cUrrent earnings Oils developed burst a burSt of ot activity in inthe Ill the closing d days ye of the week weel k reflecting reflecting- th the the- themore more cheerful feeling regarding next years year's outlook CopterS Coppers made only a feeble response responSe to to the tho establishment of ot ofa a a. v hew flew high price by the r reid red d metal Chemicals su sugars ars textiles and antI leathers all all developed e pathOs pathOs' of lr l r rb strength 1 in anticipation tI of f b bustness business bust busi S ness s n neit y year r. 1 I to t