Show Bail Oil Shares j Hit High Levels j Markets at a Glance NEW YORK lom Storks Stok strong average 20 leading rails raU SInce Ince 1913 Dond steady convertible rail Uen Foreign n exchange firm F Trench ench franci mil rally near nar three cent let le fI el Cotton higher bullish crop estimate esti estl mate Su Sugar nr featureless 1 Coffer Coffee ea easy Importers sellin selling I CHICAGO Wheat lower large receipts Q NEW EW YORK TOnK Aug 31 11 AP Strength AP-Strength Strength and ana nd activity or of the railroad ad and oil shares ahara several of or which chich touched new j high levels level overshadowed all other dev developments de de- v In today's stock market Curious cross currents of ole prices again the general Industrial list th weakness cropping but out In a R. num- num bel berot or the motor chemical motion plc- plc ture ture leather paper and merchandising shares hares I p Popl operations wire wh again conducted J. on on- n a broad scale despite the possibility of If a temporary stiffening of ot money L rates raleS With Ith the combined July earnI earnings earn earn- I logs ings of or nearly 80 roads Indicating that th the aggregate net Income of or class one i carriers may nay reach the record breaking total tojal of o for that h month o I gi rail shares attracted i a large public fol foi- foi lowing Atchison Chesapeake Ohio common and preferred Southern Ra flail Rall- 11 way ay and Norfolk k Western sold old at the highest prices ever recorded while UnIon Union Un Un- ion Jon Pacific Baltimore k Ohio Illinois Central Canadian Pacific Missouri Pa pa- cUte Rock flock Island Illand and Delaware Hud Hud- lion h sold soldat sold at 1 their best prices of or the year I comp ml of or them touching touching- the highest level In 20 years Oil shares which are widelY distributed ut sited d throughout the country were bid up on rumors of mergers Involving some of or the Urge large Independent companies and anden en on the p prospect e of higher e dividend pay pay- fera ments With I the active oil I drilling I sean sea sea- JI n n nearly neul over less les attention Is being paid gald to to the increased production of crude which Is offset by record breaking break break- Jn log ing gasoline consumption Rubber shares were slow in responding respond respond- Inc ing to reports of nf record breaking production pro pro- Auction and unit sales In July which probably will wili be exceeded In August Good buying again developed In tn a R. number num nuns ber of specialties particularly Foun Foundation don tion company United Drus Commercial Solvents B D and Remington Typewriter first preferred all of which sold 3 or ort S. S more snore points above yesterdays yesterday's final quota quo quo- t ta lion |