Show I I SURCE S RG UPWARD Brokerage Loan Figures Cause Enthusiasm On N. N Y Exchange NEW YORk Jan 25 AP- AP Stock prices surged upward on the New York stock exchange today as traders placed huge buying orders in In enthusiasm inspired by last nights night's federal reserve brokerage loan figures A block of shares of Nash Motors was taken at a share a new high record for the present stock and an overnight overnight over over- night gain of 6 5 United States Steel opened with a block of shar shares s at an overnight jump of While the brokerage loan fIgures disclOsed that the tho total had moun mount ted t- t ed to thus far this month reaching the unprecedented volume ot of nevertheless nevertheless less the sta statement of the federal r en e bank of f New York showed a sweeping increase o in its reserve ratio which mounted more than i iper per cent to SO 80 per cent less than i 1 iper per cent from the ratio ot of a year ear ago when brokerage loans were in Continued on page 4 I I STOCK PRICES SURGE UPWARD Continued from page 1 the neighborhood of Tine The months month's Increase In loans has come largely from corporations In- In and foreign banks while the New York banks have sharply reduced their loans and repaid much of their Indebtedness at the reserve e bank In addition to the improved ed credit outlook the resumption of dividends on Bethlehem steel common and Bethlehem's recent earnings statement tate state ment for the last quarter quart r or of 1928 1 announced last night were buying incentives in the steel group Amerlean AmerIcan Amer- Amer lean Ican Steel Foundries s opened with a of 1 shares and mounted 4 to a record price at Bethlehem Beth Beth- leht lehem m jumped to 86 ht At Aero ro lambert General Electric General Motors old stock I n Cart States StatleR In- In Alcohol and t Harrel issues fron nearly 6 in th i |