Show Wal WallStreet Street j I Close Is Strong t trong ng ngI I NEW YORK July 7 Another 7 Another broad upward movement took place today today's I Istock stock market with wih about thU e dozen Issues including seven leven motors flirted to new records for the ye year r. r Easy Eay money rates rate stiffening commodity Prices and merger and dividend rumors created bullish bulish sentiment Total Tota rumor sales approximated approximate shares hae Bullish sentiment predominated In the morning and the tie old favorites show d signs o of wavering on profit taking 9 Frico common on which a higher divi Is expected before the end of ot the year led a brisk u upturn turn In the southern and southwestern rails rais by touching a record top of 85 8 Coppers responded to the reported Increase In the European demand for tor the red metal by moving u up 1 to 3 points special strength of Kenne Kenne- cot cott cott being based on expectations of of an increased dividend Virginia Carolina Chemical preferred recorded a sharp gain in anticipation of ot an early an announcement announcement an an- of ot reorganization plans and Arrow prior preferred F. F 1 G. G Shattuck and United states tates Industrial Alcohol extended their early gains to 2 to 4 points before early noon Mack lack Trucks turned heavy on un the announcement announcement announce announce- ment that common stockholders stockholder would be given gl en th the right to subscribe for additional shares share at par Call Cal money renewed at 4 per cent Speculative shares benefited by the brisk brick brik Inquiry for such high high grade stocks as United States Steel New York Cen International tonal Harvester Atlantic Coast Line and American Express the whole market surging on active dealings Conspicuous gains were es established established e- e es- es In the motor group with wih General General Gen Oen- eral Motors Motor Studebaker Hudson Packard Packard Pack Pack- ard and Moon touching their highest I figures of ot the year Closing was strong Scarcity of ot the I floating supply of such issues as Pierce Arrow prior preferred F. F G. G Electric Union Tank Car and American Radiator resulted in their being pushed 4 to 6 points above yesterdays yesterday's final quotations on a moderate moderato amou amount t of buying American Safety Razor was i under heavy accumulation in azor the late 1 I trading climbing over 2 points to a I new I 1925 high I I |