Show I 1 WEEKLY FINANCIAL FINANCIAL REVIEW YORK Deo De 4 Hy Dy the Asso- Asso elated Press Press Speculative Interest In InthIs Inthis th this weeks week's financial and commo commodity markets market was divided between the rise Ise In stock prices le led by the high priced Industrials and the break In cotton coton to pow new low levels for the tho season of a new high high record for for the th year yearby by French rench francs Just un under er 4 cents also attracted widespread attention atten aUen tion in banking circles Operations of professional traders again furnished the main Impetus for forthe forthe forthe the rise rice In stocks with wih buying of oC a rather selective character and centered largely in Issues blues which hold bold promise of special dividend or merger develop develop- ments While many issues were being elevated to new high levels for the year yeara a te few v were sinking to new low prices Irregularities continue In general genera busl business e but a high rate rat of activity Is reported in most of the leading lines Unes Holiday trade Is starting off of In large volume and where recessions have hav place they have been mainly seasonal sea sea- Easier Easer credit conditions followed the return flow here of at funds withdrawn with drawn by interior banks for month end nd requirements and with wah approximately y yI a I billion dollars to be disbursed In dividends and interest t this tills year end a good reinvestment demand Is In looked for tor Weakness of a few stocks probably r represents selling for the purpose o of establishing law present losses under the income tax Revival of strength and activity o othe of the oil shares hares aroused hopes In many quarters quarter 01 that the much predicted December December De Dc cember oil oB market had set in In but bu re realizing sales Bales Out cut ut down the gains a athe as the we week k closed dosed Coppers Copper were stronger as a result of ot the higher dividends on a of the railroad railroad rail rail- Utah and Nevada Several rai- rai Into road equipments were pushed up new high ground on reports of targe large current business Baldwin showed a anet a anet anet net gain of five points yesterday Merger r talk accompanied the latent lates advance Jerg in the motors with Chrysler mentioned a as uniting with Packard ur or being taken taleen into the General Motors Motor Motor family Passing of It the Paige Detroit Steel Stee dividend caused no surprise shares share held f fairly steady In view of ot a further recession In mill mi opera operations tons Rail oil shares held firm despite the announcement announcement announcement an an- nai of a 7 14 per cent wage wage Increase Increase In Increase In- In crease to eastern trainmen Erie common common com corn mon lOon s sold ld at the highest price In eight elgh n issue years anti and nl other oilier Van were strong in the fact of rumors of a collapse of the Nickel Plate merger merge plan which were not taken seriously by bankers identified with the Cleveland Clevelan capitalists |