Show BUYING LIFTS STOCK PRICES I I Higher Commodity Prices Good G Banking Report I Cause Cauze Advance I I NEW cw YORK reb Speculators 9 for the th advance continued to mark UP lip I prices In today's active stock buying being belne Influenced by I of higher commodity I prices and the statement of thc IheI fl reser reserve 0 bank testify Ine Ing to th nature of ot the countr country a I banking po position Sales 1260 1250 shires A gool demond demand for tor public utility steel I and oil shares imparted a I firm Vi f tono ton to 10 opening prices 0 th lb Amen Ameri American can advanced ad 1 point and was wai fol- fol tol 1 lowed ed Into higher ground by Brooklyn Edison and Public Service Sor of New Jer Jer- Jer spy sey ey Crucible and U S Steel common opened higher as did Utah Copper In- In In Invincible lc Oil 1 Pan American and Texas company Sugar Sui-ar stocKs soon toon the upward up movement mo under the tho lead lead- leadership lead nhip I- I of Cub Cubi Can thIch gained rained a point mesh busing power poser came Into the tho and ar earls carl Kilns guns Ins e c extend extend- ill extend od d South Porto Rico Sugar climbed a point and American Beet Sugar American Sugar Cuba Cane and Cu- Cu Cuban Cuban Cu Cuban ban American Improved ed cd buying of this group being beine based on higher for tor the he refined product Equipment tobaccos and coal shares Tobacco also were nero strong American B Jumped f 6 points and nn Sumatra Tobacco 2 Gulf States Steel rose roso 1 on publication of oC o a R good gool 1922 earn earn- earnings logs ings report and Philadelphia company compan advanced 1 1 e exchanges changes open open- open open-eo eo firm demand sterling selling Just the high ot or 4 4 bS H a and nd francs francs gaininG 6 f points to 6 l zo 21 cents German marks mars n were ere ero quoted at cent as against the thc lie recent ion 10 record of ot cent The stock market continued strong and e during during- tle ti th morning higher foreIgn exchange and the ho Im- Im Im Improved proved pro ed condition of the tIle country s a banking position re l Inthe lathe 1 weekly eel eel- ly Iy statement of ot tJ e the federal reserve rc bank apparently ha haIng having Ing a cheerful ef- ef effect effect ct on sentiment The Th buoyancy of the public utilities Issues and the th rap rap- rapid rapId rap rapid id rise ris In the sugar tobacco shipping hippIng and merchandising shares testified to the gl 0 th of ot e Interest and the Increase In public participation E Except for a ten few mod mod- moderate moderate erate crate gains In Ion 10 priced Ion priced securities railroad shares showed few Important changes taking Profit-taking was around midday In some of the usual leaders Bald Baldwin Balduin In and Corn Products dropping 1 to 2 points below Lelow their early carly high hith Kresge Brooklyn Edison and Atlantic Gulf Gult common and preferred all up 3 to 6 points point were the th outstanding strong snots Call money lOoney opened at 4 43 4 per cent Tho Th scarcity of ot some om of the high high- priced high priced tocks stocks at current levels some lome spectacular advances ances when buy buy- buy buying lag ing orders were ere tilled filled Kresge gaIned 11 U American Tobacco 4 Lorillard 3 3 I and Cereal Cercal 34 3 S 34 4 points point In Inthe Inthe the more mor active section Chandler Mo- Mo Motors Mo Motor tors tor General Genral Asphalt Producers Refiners and New York Central were bid up 1 to 2 points A few weak spots appeared Atlan Atlan- Atlantic Atlantic tic Refining yielding 4 American Car 23 2 and Consolidated Gas and In- In In Copper 1 point each The Th closing was nas steady Weakness ot of local gas company shares and the customary end week taking profit In other oIlier quarters caused a temporary setback In the late dealings but prices stiffened again when some of the coilers collers and low priced rails were bid up sharply |