Salt Lake Telegram | 1951-01-30 | Page 20 | Buying Pushes Stocks Higher

I I Buying Pushes Higher Hiher NEW V YORK Jan 30 IP New W-New New b buying brought brought on by a proposal I Ifor f for or a n two one Santa Sant Fe stock s split plit Tuesday pulled the stock market higher Near the tile close cose there was as a flurry furry o of f profit taking that cut some prices down under their best best Santa Fe directors proposed a s split plit for both preferred and common common com corn cornmon mon on the two-for-one two basis Such Sucha a move had been rumored for formon mon months An immediate jump of or more t than han 4 I points to for the common common com corn l mon brought new life to the rail rai group The volume of trading reached an estimated shares for forthe I t the he day just about on a par with t the he shares traded Mon Mon- ton ton- day The spread of the wildcat railroad railroad rail rail- rai- rai road strikes in Detroit and Chicago had a dampening influence on the tile I e entire entre market marJet I