| Show GAINS W MADE INWALL IN All STREET Oils Bought ht in Expectation Expectation Expectation tion of Favorable Fa Divi Divi- Dividend Dividend Divi- Divi Developments NEW TORK Feb S By 3 By The TheA TheA ThA A so l Press Press Firmness ot of tho Cho stock market In Sri the face foco fac of highly erratic fluctuations In some of th the mercer merger rails was the tho distinguishing characteristic of 01 today's today session New leaderS for the th advance were found tn n both the th rail nil and trl lK Jr It outs out's scores core of Issues recording extreme gains of one ono to nine ninepoints Points Trading started off oft at a brisk pace p ce but quieted dow So s somewhat In the early afternoon Talk of a 1 possible decrease decre e III tie New York federal reserve e re- re re rediscount discount rate at today's m meetIng n u n again rampant In the tho th finan finan- finan financial dab cial district following tho the reduction ton tion In the th 1 French rate ralO The flank Dank of England rat waS w at 5 S p per r cent leading to a rather general belief bell t that the cut In the local rate which is 13 s to follow a reduction In London would be bo delayed at lea least t another week Wheeling and Like Lake Erie corn com cornmon com common mon was again aln aln the spectacular J r breaking G points to and then rallying to 73 i a anew new high record for tor all time Dears Bears were compelled to pay n 81 50 Iday ft I day n a n share In order to loan the tho th sto stock k to make dell er delivery against short tales sales The pre pre touched a a new peak d at 79 Western Maryland common broke sharply when an offer octer to sell cell 1500 shares above 33 dia- dia dis disclosed closed dosed no near bids bl o but It reco- reco recO- recO er ered ered d its A loss The Th Industrial division steel oU oil railroad equipment lugar and baking Issues gave the th best belt dem- dem dem demonstrations of group roup strength Gas with a II jump lump of nine ninepoInts poInts and Otis Oils Elevator with a again again gain of ot five featured the th special special- specialties specialties ties South Porto Rican sugar Houston OIL Oil Baldwin and Butter Dutter- Butterick Butter Ick I ick k also sold two to four tour points higher Oils were bought boucht In ox- ox ex Jr of ot furth further r favorable dividend developments de d The Tho dosing closing was firm Pur- Pur Purchases Pur Purchases chases of ot large blocks block of ot revived discussion discussions of ot dividends and mergers while various specialties specialties and railroads continued to reflect special buying Read Read- Reading ine ing sold well wen above abO to tM the highest level le since In 1917 7 Chesapeake peak peake Ohio Sl St Louis and San an Francisco and Missouri Pacific were heavy hea 1150 also Total sales ap- ap approximated approximated ap approximated shares t |
