Show 4 STOCKS MOVE OYE 1 TO 3 HIGHER LEAD SHARES RISE TO NEW PRICE LEVEL Utilities Motor Metal Issues Spurt Despite Trade Handicap TICKER FALLS BEHIND Units Exchanged in Days Day's Transactions B By Press Fress NEW YORK YOm Sept 7 Without 7 help from sluggish wheat and cotton markets markets mar- mar sets stocks moved briskly upward this afternoon after a leisurely advance advance ad ad- vance during the morning I Net gains ran from 1 to 3 or more morein morein morein in representative leaders with utility utility util util- ity motor and metal issues taking especially prominent parts in the ac ad ad- vance Steels also were strong The days day's news included reports o of increasing steel mills activity and word that electric power production regarded as a sensitive barometer o of business conditions had bad shown a again again again gain last week Wheat was fractionally lower a at Chicago while fluctuations in th the New v York cotton market were narrow nar siar- row all aU day TICKER FALLS BEHIND BEllINO Trading in stocks became so active in the final dealings that the thc ticker fell feU several minutes behind just beCore before be be- before fore Core the strong stron's closing Transactions Transaction approximated shares The advance established numerous new highs for the year ear Several large blocks changed hands one of them thema a share transfer of of Genera General Motors at 19 or net higher Electrical equipment issues fell feU into line in the last quarter when General Genera Electric and Westinghouse rose about abou 2 each a h. h in active trading dising shares also were were heavily bought particularly Montgomery Montgomer Ward which advanced more than 1 One block in the latter stock involved shares hares U. U S. S STEEL CLIMBS U. U S. S Steel common closed at 52 50 up General Motors climbed 2 to 1950 a n new 1932 high Amer American Ican Telephones Telephone's gain was the final fina price being 50 Allied Chemical rose to Santa Fe to 62 Southern Pa due elfie to 2975 Consolidated Gas to 65 50 North American 12 to Radio to 12 1250 50 new high American Smelting 1 37 to 1212 Auburn Auto 10 to Chrysler to 21 new high and Northern Pacific to 24 2437 37 also a new high Cotton closed unchanged to 30 cents a bale bate higher |