Show STOCKS ROCKET IN WALL STREET Dozens of Issues Hit New Tops in Wildest Bull Session of Year Markets at a Glance NEW TORf Storks U. U S. S Steel tan smelting and General Electric register new peak Curb and Checker cab lead advance Bonds dull 3 at lope Foreign exchange mixed sterling Cotton eay lower easier spot Coffee higier foreign buying CHICAGO Wheat Inca rash Corn advanced cash de- de anand Cattle Irregular Hog lower By STANLEY W. W Associated Financial Editor NEW YORK Jan 25 The AP-The bull party went on its most violent rampage of the New Year on the stock market bidding up dozens of issues five to seventeen points to new high ground Trading Was in enormous volume during the first two hours indicating that total sales might cross the mark but moderated after midday and the ticker which had fallen considerably market was able to catch up with trading The wild trading of the morning was in to overnight news developments including the moderato mod mod- erato Increase In brokers brokers' loans I and the resumption of dividends on I Bethlehem Steel common and the company's excellent earnings report re- re port for the last quarter The increase in- in crease in brokers brokers' loans amounting to was under the most conservative predictions That the total would reach a new peak bad been taken for granted Distinctly pleasing to Wail street I the sweeping improvement of over 9 per cent In the New York banks bank's reserve ratio carts carts' ing it to 80 per cent less than I. I per percent cent under a year ago hen total brokers brokers' loans were about 1600 less than at present United States Steel was again brought forward as a market leader and bid up nearly eight points to a. a new high for all time above Directors of the company meet next Tuesday and as to the were highly is- is in view of the results of Bethlehem's meeting yesterday Bullish operations were largely concentrated in the industrial specialties metal and chemical shares and some of the motors attracted strong support Call money renewed at 6 per cent I but scarce at that rate which was a factor Iii checking tIse pace of trading The days day's news was rather meager oil companies in the arca followed the reductions In crude I prices by Carter Oil yesterday Stewart Warner directors di- di rectors proposed a two for one up Governors of the stock exchange recommended a 25 per percent cent membership increase New bond offerings for the week jumped to nearly from less last week Johns and Underwood Elliott Fisher led the upward swing with gains of seventeen and points respectively Union Carbide Radio and General Electric mounted about eleven points Nash Motors jumped ten to a record price in art enormous turnover American Smelting Byproducts Coke States Industrial Alcohol Wright Allied Chemical Consolidated Gas National Cash Register and son Alkali vero bid up about five to seven points Montgomery Ward firmed up after an early loss Columbia Co- Co lumbia was sOft spot losing three points hasty profit taking in tile afternoon after after- noon reduced the gains of Johns Manville and Underwood Elliott Fisher by fic and six points United States Steel fell of points from its peak and National Cash Register four Operations for the in were pushed others sections of the list however Du Pont old mounting eleven Industrial Al- Al points United cobol Allied Chemical Commercial Investment Trust and American Machine and Foundry seven to nine points The was strong Total approximated shares |