Show ts STOCK cK LIsT LIST ON HIGHER GROUND Oils Gen Electric Up Advance on Report of Dividend Dividend NEW YORK Jan 2 23 Press Press Resumption of o ohe oth he upward movement mo In n today stock market was featured by b demonstrations demonstration In a um- um umber ber of o food and a reo re r of speculative In the rails persistent rumors rumor that tl t ne- ne negotiations ne negotiations were In fora for a merger of ct the th California Pack Pack- PackIng Pack Inc Ing and nd Cereal companies simulated the demand for the for mtr for for- former formet met mer stock which soared 13 pointS to a new record high Men at t General Electric was AI bid up P five points In apparent anticipation of anOther favorable dividend dl dis and nd Famous Players Pl yer Jumped lumped 5 iH point RAILS nAILS RESPOND DOil strong under under- undertone undertone under ton Oils maintained a tone on the declaration of an dividend on Pure Oil and expectations of higher hither crude prices The Th rails rail made mad belated response pon to the publication of ta fa December state state- menU ChesapeAke Che Ohio Dela- Dela Delaware Delaware war Dela-war ware Hudson Lehigh Valley Southern Railway Katy pre pre- preferred preferred pre and Illinois Central all sell sell- sellIng sellIng nit ell Ing a point or so o higher hither Other strong spots included Durham Hosie New York Canners ners a Na- Na National Na Honal Biscuit Coca Coca- Cola Cob and In International Harvester Huvester all ct of which 3 points or more mor over yesterdays yesterday's final quotation OPE OPENING Stock prices moved mo IrregularlY higher at the opening of today today's market with pool operations operation gaII In 40 evidence Ix In a s number of specialties Heavy buying of ot Sin Sin- Sinclair Sinclair Sin Sinclair clair which opened a point high hith hither er rr was wa one of the th early ealy features Initial gains of a point polut or more General alio aleo o l-o ere ere recorded by Motors Allied Chemical deal Sears Hoc Roebuck buck and General Electric Rumors Electric Rumors of Impending food mergers stimulated the th buyIng lulng of those shares California Packing scoring 6 points to 64 G 4 before the end of th the first half halt hout and Wiles Loose-Wiles Biscuit and Poet rost- urn Post urn Cereal each advancing over overa overa a 3 point General Electric Case Threshing Iachine and nd Third Avenue Railway each extended their early gains to at least 3 points buying of ot the lait named being stimulated b by reports report of new bus franchises El Einy Y mone money rates were again an important the week week- weekly weekly actor factor In the advance ance ly Iy statement of o the federal ral reserve bank showing another sharp harp de- de decrease decrease dc crease In loans and ant Among the th many to sell a Union point or moro more higher hither were Bag BaW Paper Gulf States Satu Steel American Cane Can Southern Railway and Missouri Pacific preferred Foreign exchanges open opened d steadY demand sterling ruling around US 4 5 and French francs france around 47 Ge OlD SHARES SIL HIGHER Expected advanced tn In crude the th increase In lit the th Pure Oil dividend and rumors rumor of new combinatIons attended th the active buying of the oil shares har s Sinclair touching 3 34 With general business good rood and successful In putting up va- va valous va various rious lous stock stocks In a a manner were more Inclined inclined to buy the shares share which were responding to constructive efforts effort efforts Durns Burne Brothers A A jumped 6 S points Be Beech Beechnut ch- ch nut Packing and American Brake Shoe and nd Foundry 5 Ce- Ce Cereal Ce Cereal real P 4 44 and Manhattan Modified Guaranteed 4 Call loans were ere unchanged at 4 4 per cent |