Show BUYING BUYING RUSH SENDS SENDS INDUSTRIALS INDUSTRIALS' TO NE NEW 5 YEA UTILITY ISSUES I IARE ARE DEPRESSED By J ELMER L-IER L C. C United Press Financial Editor J NEW YORK YORI Nov 4 UPA UP A buying rush in industrial indus indus- trial shares Wednesday sent the in in- average to a new year five high in fri one of the most active set ats of or the year on the stock ex n- change 1 Utilities alone were depressed c on the election electon results Traders Trader Wore WON ned ried over further legis lation laton sold the issues There were wert ere eager buyerS of the stocks at reduced re re prices however and losses losse were held to small smal amounts I Elsewhere prices spurted 1 to 5 points Trading was active from frol the start start when blocks ranging to shares Appeared on the tape the largest in iii the utilities At At times the tape was one to four minutes min mis min utes behind Copper opper Soars Copper shares soared with wit the price of the metal abroad Then the motors got into action with wt the leaders reaching new tops since 1929 Steels Steel followed and at the their highs had gains ranging to more mon mOr than 2 points Rails Ris were slow to to advance although many of ot them were were higher Mercantile Issues farm shares oils ois sugars sugar electrical and equipments special tock joined the te rise Sales in the first hour totaled shares shares shares-a a rate of ot shares for a full ful session The last las lt previous share day was October Oc tober 7 when turnover was shares Before that the te previous pre share share share session was wa February 21 There have been 17 sessions this year over the mark While stocks were mounting I commodities rose rapidly Cotton 1 sp spurted more than 1 a bale Sugar futures were especially strong Rubber Rub Rub Rubber ber her made new seasonal highs Good gains were noted in hides coffee cotee cocoa silk sik and copper Copper I metal abroad reached the best level since March 1931 1031 Bonds moved higher under the i leadership of at United States govern ment issues Foreign markets market advanced on the election electon news Demand was especially espe espe- daily caly heavy for American stocks In London trading was heavy Inthe in inthe Inthe the outside market after the formal foral close Foreign exchange markets markets- makeL were dull dul and steady New Highs Made New highs for the year or longer I were made by a long list of stocks including Chrysler at up 4 34 4 1 General Motors 74 up 1 Anaconda Ana conda 3 53 2 up 4 18 8 Allis Als Chalmers Chalmers Chal Chal- mers 70 70 4 up 2 8 3 Andes Copper I 39 up 4 8 7 Deere Co up up 6 General Electric 50 M up 1 Gimbel Gim Gim- bel 22 38 8 up 2 8 7 Hudson Motors MaCor M fors 22 2211 up 1 Macy Macy 58 l 78 8 up 2 38 8 Marshall Marshal Field 21 2178 8 7 up ut 2 Montgomery Mont gomery Ward Yard 60 up 2 8 3 Johns Johns- Manville up 4 Warner Brothers Broth Broth- ers Pictures 15 1511 up 1 St. St Joseph Lead 39 up 3 8 7 Standard Oil Oi of Indiana 42 8 7 up 2 8 3 Paramount Paramount Para Para- mount 18 uI up 1 Paramount first preferred up 10 1045 10 Phelps Dodge 51 1 up 3 Calumet Hecla 15 up 2 Cerro de do Pasco 70 38 8 up It 4 Chesapeake Ohio 77 up 1 Roan Antelope 59 9 up 5 Inspiration tion ton 14 1 8 7 up 1 78 8 and 63 up 3 1 Utility losses ranged to more than J 2 points in Public Service of New j Jersey Consolidated Edison lost nearly 2 points Steel shares were strong late Inthe in inthe inthe the session with wih U. U S S. Steel at 78 up 2 8 7 and Bethlehem 74 7 8 5 8 up 2 38 3 |