Show Wall Streets Street's Close Is Strong NEW EY YORK Jan 7 By the Associated Associated Asso Asso- Press tock Pre Stock Prees-Stock Stock prices moved upward up up- ward vard war today on a subsidence of recent selling pressure presure and find a resumption of pool operations on a broad scale Call Cal money was again in plentiful supply the stock exchange official rate ruling around 4 per cent but outside funds beIng beIng being be be- ing available as low as ax a 3 31 Stiffening as crude oil 01 prices advanced and expectation of a formal announcement announcement announcement announce announce- ment of the Barnsdall Waite Walte Phillips- Phillips Simms merger next week revived speculative Interest In the oil 01 shares Merger reports also stimulated activity ty In the rails rais Special strength of ot the sugar shares was an anticipation of unusually unusually un un- un- un usually heavy consumption of the product product prod prod- this year Equipments responded to reports of Increasing railroad Inquiries w while le rumors of new superpower project project projects and higher dividends dividend formed the basic for much of the speculation In id the public utilities General electric Phoenix Hosiery Sterling Products Product Westinghouse Airbrake and U. U S. S Hoffman Hoff Hoff- roan man an Machinery sold sola 3 I to 1 I 1 points above yesterdays yesterday's final nal quotations in the early afternoon Pacific Coast company which recorded a sensational advance of 12 points in yesterdays yesterday's late trading fell fel back 7 points on realizing The closing was strong The motor shares share continued to rise rapidly In the final hour with a heavy tse demand develOping developIng developing devel devel- for the low priced Issues Issue such as Overland Wilye-Overland verland and Paige Detroit In Investment Investment In In- vestment stocks meanwhile advanced more than 3 i points to highest price In its history at and Delaware Hudson jumped 5 6 points to the highest level leel in more than ten years Total sales approximated shares |