Show Long List I 01 of f Rails and 1 Industrials 1 H 1 Advance on Eve of Holiday Merger erger T 1 IT 1 1 Roads Easily Bid Kid Higher Motors Firm Chrysler Hudson and General Motors Gain Points Many Diversified Shares at New Tops Few Soft Spots Develop 7 EW YORK May tay 28 By the Associated Press Press Although Although many S traders were disposed to limit their on the eve of the I 11 holiday liday another wave of buying swept over the st stock cl market today S c carrying ry ng a long list of ot railroad and ond industrial stocks into new High record rord territory Expectations of ot easing casing credit conditions after th the S l and considerable short covering encouraged operators for or the a. a advance li ce to o p push h up up their favorites o WhiCh nave have been au asso s elated with wih merger reports w were re esl easily bid up In into o new high figures c among them Wabash abash and md Chicago Eastern Illinois Reading Rock Hock I d. d Pennsylvania and J Jersey f c led the advance of the inY in- in Y rails raUs gaining J to 2 points ot of New Jersey soared 11 tW ts to a. a anew new ot of 1 West Vest Virginia dropped 7 in further further reflection o of the denial of reports of a n fight for control control Strength of motor shares was a aI I f feature td tUre of ot the industrial division b g gains gains' of a point or more being at attained attained at- at tamed by Chrysler ler Gen General ral Motors and Hudson Commercial Solvents 5 points and National Dis- Dis Products 6 6 the latter tater reach- reach f big ig a a. new maximum at R. R New j eaks also were established by such I- I diversified issues as General Je- Je Ue- Ue J Narita Rockwell Central Leather n and Texas Texts Pacific Lund Land along with will wih numerous others f J from 1 t to 4 points bUe utilities shares also dis- dis Yar prayed strength new tops beng being eing reached by American Amerian F Foreign i common P and pret preferred Pu Pub Pub- i J lie lc Service of New Jersey Jersy Detroit S i 1 Edison 1501 and others f. f I. I A number of soft bOn spots cropped ped I. I put ut notably South Porto Rico Illco K which declined 5 points Denial De- De nial of rumors of competitive buy- buy ul of of ig coal shares brought reces- reces K in that group losses of a at t point or so b bing sustained by Pittsburg Pitts- Pitts Pits Pits- Ii burg hur Coal and Pittsburg Terminal COa pi r V jump by Norwegian n r to 2593 cents featured the t foreign ign exchange e market in which I sterling ruled 16 S 16 and French francs below t |