Show STOCK MARKET RISE CONTINUES Buying of Rails Sends Issues to New Top lop Prices NEW TORK TOnK TonI Aus Aug By 16 It Tile The Associated Pres Press The Tho main mainprice mainprice price movement In today today's stock market continued upward al- al although al although IncreasinG tendency to though an an take tak profits profit and put out linn Unes was wa noted Buying orders broad list were spread over o II a Y heA buying oC o the th rails rolls which In that sent nt nearly a dozen Issues group to new new new- teak beak prices during the morning being followed by br a revival or o activity activity- In the high prIced IndustrIal with United touching a States Stales St Steel 1 common at now record high OIL PREDICTIONS iS lILT lUT WIdespread predictions of ot a a big oU oil market tJ II Us week to be based on the d d decision ot or the Oil company ot oC New cW Jar Jar- Jaroy Jer Jerry ry soy oy directors director to retire the th pro pre UNd stoCk tock and nd Increase the tho dist divI- divIdend div on the th common were dealt dealta a blow when only the regular common dividend dl was do- do declared de declared dared and no action taken toward cailing In the preferred traditional selling on the The Th good news new brouGht about a break or of eight points In Du Pont Font on the announcement announcement that the th quarterly lerl terly dividend had been Increased front from 2 26 to 3 Y per cent and II a meeting ot of called to voto on a proposal to Increase the tho authorized common stock from shares ot or part to shares charo of oC no par andt andI and I Issue ls two shares chares ot of new stock for or one of o old STEELS KAUA While directors of the United States Steel corporation do not hold their nc next quarterly quarter meeting until October WaIl W ll street was flooded with reports that a a 60 0 per percent percent percent cent stock dividend would then Le be declared Independent steels also rallied despite reports of a falling oft off in building construction In many largo large centers In the active Is- Is Issues issues is issues Early gains sues ran front from 1 to j points with the best showing made by such is- is issues Issues Is Issues sues as General Asphalt common and preferred preferred- Union Dilg Pa- Pa Paper Paper Fa Facer per United States Industrial Al AI Alcohol Al- Al cohol cobol Pressed Steel Car and Gotham h hosiery ler bilk preferred Banks called about In during the morning but call money wa ya in plentiful supply around around's 4 4 s I per Pt er cent TOn TOBACCO CCO UPS UP S The closing was strong strone larger earnIngs and dividends prospects continued to attack buying or- or orders orders or orders ders to representative industrial stocks In the late I trading To- To To Tobacco bacco and department store lIy favored Loose Wiles Viles BIscuit Hiscuit shares ga gave cave 0 spectacular performances the common soar soar- soarIng soaring soaring ing 12 points point and the second pre pre- preferred pre preferred 17 Meanwhile United States Steel forged forced ahead steadily new high ground well above 15 Total sates sale approximated shares |