Show SHARES CLIMB TO LAST HOUR I NEW YORK Sept 25 UP UP- UP U- U Stocks continued their advance for forthe forthe forthe the fourth consecutive session until the thib t last hour of Wednesdays Wednesday's Wednesdays market market market mar mar- ket and then ten slipped back from the highs to close irregularly higher Before the te decline the industrial average had made up three fifths three of its it loss of last lat Thursday and Friday and was was was' within 2 points point of its It ts high s since nee 1931 Despite Despie the setback there tere was no particular pressure exerted against any my section Rails RaUs did a little worse than han the others Motors reacted to around the previous close from early gains of fractions to more than a point Westinghouse Electric fe felmore fell fel l more nore than a point from its It high Montgomery slipped off of to a small smal net loss Traders cautiously Jy groped their way Professionals Professional did a little buying buy buy- ing ng although a majority remained on the te sidelines Tho The early rise as in previous sessions this week was brought about by lack of pressure pressure pres pies sure rather than any new demand War Var troubles were still a big factor although the street was waiting further further further fur fur- ther indications along that tha line lne Business news was about in line lne with wih expectations Electricity output output out- out put iut in the week ended September 21 was per cent above tho the corresponding corresponding corresponding cor cor- responding week of 1931 the best percentage gain so far this year The total production for the te week was the second largest on record Steel Stee operations according to the theron ron Age were down 4 point mainly main- main ly y because of slowness of the te a automobile auto auto- to- to mobile industry in getting into production production pro pro- ducton on new models Steel shares were firm most of ot the session session ses sea sion but they slipped back to the previous close or slightly below Barnsdall declared a quarterly dividend of 15 cents cent and an extra of 5 cents cent These were the te first dividends dividend since May 1 1931 on the stock The announcement had a good effect on the general oil al list where gains at one time ranged to 1 points in the case of Phillips Petroleum Chrysler led the automobile group It I touched 72 up 1 l in the early trading aided by its it report on de dc- de deliveries liveries of cars Those deliveries for the first 38 3 weeks of of 1935 were 23 per cent over the total for the entire entre year 1934 General Motors touched 45 up Some of ot the motor equipments equipment were in demand Late in the day the entire Ure group cased from the highs Virginia Carolina Chemical issues were whirled up the preferred shares to new highs high The 7 per percent percent percent cent touched 12 up 10 points point It I was reported the company would woul retire part of its it prior prior preference stock shortly shorty Air Reduction touched up up 4 4 points point Monsanto was higher on a afew afew afew few sales Du flu Pont at atts its high was up a point but it lost the gain later Utility stocks moved narrowly throughout the day and near the close were irregularly lower Silvers Sil Si- Si vers vera firmed as did tobaccos the latter featured by American Tobacco Tobacco Tobacco To To- bacco which made a new high for forte forthe forthe the te year |