Show Wall Wal Streets Street's Close Is Firm NEW YORK Dec De 11 31 B By Ba the Associated Associated Asso Asso- dated Press Press Re Press Responding to a 8 series of constructive business developments de prices po advanced briskly today with more snore titan Uan a a score of Issues mount mount- log ng to new high l levels vels for the session Secretary Mellon's Mellons Jelon's optimistic of busIness conditIons maintenance of the 3 per percent cent rediscount rate by the New NewYork NewYork York orle fed federal ral reserve banks reports of or expanding steel operations and rumors rumor of special dividends and and capital ups split ups all al helped to create cete bullish POolS were again active In a I wide as- as as assortment f In n r some r n of of l the tite t iI rail 1 f The flie issues issue's Ja Jag rapid suggested g advance c a a. limited floating supply of those stocks Atlantic Coast CoLt Line moving up nearly 7 points and being followed Into new hIgh grounds by Chesapeake 8 Ohio St St. St Louis Southwestern Louisville Nashville Nash Nash- yule ville vie and Geat Northern Norther preferred foundation company led the advance advance Inthe Inthe in the he specialties by jumping 7 points I while while- American Waterworks Consolidated Consol Consoli- Consoli dated lafed Cigar Continental Can Electric Power ower General Asphalt common and preferred pre pre- ferretS erred and Ludlum Steel all al eclipsed their heir previous 1925 1025 1125 high prices The closing was a firm Week end prof prof- taking t taking i-taking can caused canoed ed sharp harp recessions In some souse of the leading Industrial shares but this development con concentrated buying power In n the list of high grade rade rails rais Among the he issues Issue particularly favored were Atchison New York Central Chesapeake t i Ohio Norfolk and Western estern Illinois Central and Nickel Plate all al of which noved ed 10 up smartly smarty Atlantic Coast Line extended Its rise 9 0 points pints to 1 lutI sales salos approximated shares |