Salt Lake Telegram | 1925-11-13 | Page 18 | Stocks Again Bound Higher

STOCKS AGAIN Outburst of Buying Breaks NEW YORK Nov 13 By the As Asa eft Press Stock Stock prices bounded up upward upward up- up ward today In another wild outburst of bullish enthusiasm engendered by th th retention of the New York federal re reserve cc- cc sOres serve bank 3 per cent rediscount dIscOUnt rate the Italian debt settlement and a series eerie of favorable dividend developments a fter the close yesterday Enormous blocks of stocks chapped hands In 10 the early trading The opening sale of American Safety Razor was a block of shares at 74 United States Steel common opened with a block of shares at the spread opening price of to as against yesterdays yesterday's closing price of A A. string of twenty three transaction la ia Marland Oil OH totaling shares shared appeared appeared ap ap- on the tape toward the en end of the first hour the stock attaining a anew new 1925 high record price piles at 68 DuPont which will benefit by the 5 extra cash dividend on Gen General ten ten- oral eral Motors common of which It holds hold a large block was the spectacular individual indi vidual performer soaring 11 points points' to General Motors common apparently had discounted the dividend action as SI the stock opened at to aa so compared with yesterdays yesterday's final quotation quota quota- lion tion of New York Central common touched 1218 the highest price since 1900 1909 and new high records for the year or longer were registered by more than a store score of other issues Including Northern Pa Pacific Pacific Pa- Pa t. t U. U S. S Rubber common nent Petroleum Skelly Oil California Packing and Weber Hell Hell- broner