| Show BRISK RALLY HAllY IN STOCK MARKET ARKET Good Trade News and andR R il Dividends Are Factors NEW NEV YORK AW Aug 12 12 12 By The Associated Press Tho Tho stock Jl arket rallied briski briskly today after ater an ar Ineffectual attempt of ot bear traders to unsettle the tho list by ro- ro re renewed flowed selling ceIlIng attacks on OTt some ot of the pivotal Issues Trading how how- how however tow tow- ever Ncr was of ot a rather nervous char char- char character actor acter because bec of ot the lie th General action and tho the New York federal reserve rediscount rate ratto Action actton on which will bo be taken titter tho the close oso of ot the tho market i GOOD COOL OU J I Operators working for tor prices were favored by a I large quota of ot conservative tride new In lit 11 addition to the record breaking record industrial activity reported b by the federal reserve board for tor the Cis- Cis Ciscal fis fiscal Is- Is cal cat year ended June 30 SO the tho de- de de department of ot labor stated that the countr country Is on a I fairly basis Wholesale sense kero-sense kero Iero sense prices were advanced In the tho middle west a heavy y demand was ported for tor or structural and stocks of ot refined copper were re- re reduced reduced re reduced pounds in July bringing tho the amount on hand to the lowest total for tor or several years cars General Motors 1 open opened d 3 33 y points higher at nt 06 Vs advanced to 07 and then broke to under heavy telling selling by bear benr trad- trad trad traders ers who apparently counted on touching oft off an nn enormous volume ot or stop loss orders around support was Immediately forthcoming however and the tock quickly rallied abc above e 00 00 and then on to above 20 where whre It was still meeting with fairly good support In the tho early after after- afternoon afternoon afternoon noon United State Slate Steel common and Du Pont Font also made quick re- re recovery recovery re recovery covery after arter touching new low levels le for tor the week S I P 1 S U 13 P r I I Erratic Erratic- fluctuation of ot the In- In Industrials In shifted some somo of the tho In- In vestment estment buying to the tails rails with the result that Atchison and Nor Nor- Norfolk Norfolk folk tolk and Western touched the highest prices In their hIstory tor Regular dividends were declared toda today on tho the common tocks Mocks ot of the Union Pacific and Southern roads With plenty of ot funds funds available around 4 per cent ent pools again ag were active e In a II a number of specialties sharp gains pins being record record- recorded recorded recorded ed by Air Reduction Burroughs Adding Adding- Machine Machino Cudahy racking and Electric Refrigeration FLUCTUATE TE The closing wa was etron strong ot of their small floating supply sev several sev- sev several several eral stocks were easily marked up In the tho late trading United Cigar CIar Stores established a new high roc rae rec record ord for tor the year and extreme gains ot of 5 joints were wro recorded by Untied United States Cast Iron ripe Pipe and Bur Bur- Bur Burroughs roughs Adding Machine General Motors continued to fluctuate er- er erI cr I falling failing again under last nights close and then rebounding qUickly when pressure Halls forged ahead steadily under the NewY leadership or ot Atchison ln and New Y Total sales x- x approximated shares |
