Evening star., 1924-11-28
VIOLENT ADVANCES
IN BROAD TRADING
Wall Street Stocks Resume
Wild Upturn After Ma
tionaI Holiday.
BY STUART p. WEST.

Special Dispatch to The Star.
NEW YORK, November 2S.-It was
another big day for stocks of thu
speciality class. The advances IN thi:
category were particularly sharp and
included an increasing number OF Is.
sues.
Operations for the rise were con.
Quoted with greater confidence and
were encouraged by the notable gains
made by some of the more highly
seasoned industrials, like United
States Steel, Baldwin Locomotive and
studebaker: Steel common, selling
ex-dividend, was at a fresh top for
the year. and the buying which finally
got under way in Studebaker earlier
in the week was carried further
There were several features also
among the rails. although the move
mont OF the industrials attracted the
greater following.
Steel Group Conspicuous.
The stel group were conspicuous
all day. United States Steel common
regained practically all the quarterly
dividends, which came off the SELL
ing price. Republic Steel, Gulf States.
Bethlehem, Ludlum and Sloss Shelf
neld were all very strong. The buy
ing movement In Replogle, which got
under way early in the week. was re-
thinking about the high prices at
which this stock used to sell as COM
pared with where 1t Is now. There
was a revival Of interest in United
Alloy Steel and Otis Steel was heav-
lily traded in around IL.
Motor Stocks Advance.
Motor stocks were among the lead
ers The action of Studebaker agreed
with the best informed opinion that
the interests back of the present
movement in the stock are powerful
and are confident about the earnings
position. The rise in the Pierce Ar
rows was a belated response to the
strength in company's bonds. Wiilys
Overland preferred was bid up across
20 and the motor truck shares, espe-
cially Mack Trucks, were in demand.
The movement extended to the tire
company stocks. United States Rub
her sold above 40 for the first time
in long while. Ajax was unusually
active at higher prices. and Good
rich had rather remarkable run-up.
There was a marked scarcity OF Du-
pont when buying got into that
stock. A lot of General Motors was
for sale at so, but the supply was
finally taken.
Pools Push Specialties.
The pools in specialties again took
full advantage of their opportunities
fAny stock belonging to this class
(which developed activity at all at
"t-acted a ready following. There
were quick advances, one after an
other, in Continental Can, which
made a new high above 50. in U. S.
Realty, in Park & Tilford. in Famous
Players and In Consolidated Cigar
International Nickel got above c5
Mallinson Silk shares rose to new
high for the year in anticipation Of
further favorable reports of the COM
pany's current business, due shortly.
Sales since election day exceeded those
for any period of such short duration in
Mallinsons history.
American steel Foundricx.
American Steel Foundries was bid up
sharply on talk OF an increase in the
dividend during the next six months.
The stock made a new top for the year.
When United States Cast Iron Pipe
was selling just above par it was re-
ported here that a block of the stock
had been bid for at a figure very much
above the markets then current vaIua-
ton. The figure mentioned was 1856 1t
IS understood that a bid of $50 has re-
Gently been made for the same block Of
stock.