Evening star., 1924-11-30
80 STOCKS REACH
]. NEW HIGH RECORDS
Industrial Price Average at
Peak for Period of Sew
| eraI Years.
MOTOR GROUP is ACTIVE
Atchison at Best Figure in More
] Than Decade-Trade Reviews
/ Optimistic.
MOTOR GROUP is ACTIVE
sy rue Associated Press.

b. the Associated Press.
aNEW YORK. November 29.-Ag-
Sressiyc. bulIish operations continued
Nith una bated vigor in today'S two
aour session Of the STOCK market. car
yying the price average of industrial
issues to the highest point in several
1ars and that OF representative rails
70 within a narrow margin of the
recent high record. Trading contin-
I'D at vigorous pace. total sales
exceeding 100000 shares.
''tth the weekly mercantile reviews
teEtlfying to a material Improvement
in general trade. buying orders were
spread over Il wide list of industrial
shares in the steel motor. chemical, ,
copper and merchandising groups.
More than 80 new high records were
established. the list including many
leading railroad and public utility
issues.
<fchiSDD Leads Rails.
Alchison led a resumption Of the
upward movement in the rail stocks,
mounting points to 115a., the high
est price in 13 years. \ heavy rush
OF buying at the close was based on
expectations of an early increase in
the dividend rate, now on a SIS annual
basis. The brisk rise In Atchison cN-
ertcd q tonic effect on the entire mar
ket and carried half dozen other
rails, including Frisco. Western Pa
cine and Pittsburgh and West Nir-
sina 10 new high ground
bfthiehem Steel replaced United
StateS Steel common as the leader of
this group. when the premier in
ouStrIal issue was forced to absorb
an enormous volume OF realizing
sales. Bethlehem at one time sold as
high as 90. scoring IA net gain of | l..
noint&. with Crucible and Sloss- Shef-
held keeping pace with the rise.
Motor Group More Active.
Expectations that general in
GREASE in business prosperity would
stimulate PURCHASES Of motor cars led
70 renewed activity in this group.
studebaker and General Motors led a
variety "f the automobile shares to
new high ground
Other stocks which showed con-
splcuous strength We're American
Water Works, American Bank Note.
American smelling. Allied Chemical |.
General Baking. Continental Can. Otis
Elevator and Endfcott Johnson. net
gains IN these issues ranging from
to = points
Trading IL the foreign exchanges
vas extremely dull
Will street Briefs.
~ '''tiiS liNcIll'' OF the flrSt
81 class ] railroads to report October
earnings aggregated sI05It9. 600 an
Increase Of about - per cer. over
october, 1873. and go per cent over
september this year. Gross revenues
decreased per cent, to S41s.S91, 900
compared with October last wear
Provided the same parity was main
tanned by other carriers, indicated
net for all class ! roads would be
about sl26,O0o, 900. compared with
Sl6a,I46,0o0 in October, 1923.
The report of Daniel Boone yVooIen
Mills for the quarter ended Scpteu-
Der so shows net loss of SIO3,751
after depreciation and interest. Net
profit for the nine months before
Federal taxes was s49.4So.
Stock Being Accumulated.
Accumulation of Pittsburgh and
West Virginia Railway common stock
Is SAID to be in progress in auticipa-
ton OF dividend action by the direr-
tors The preferred 8 per cent stock,
Of which S'.l0o.0p par value is out
standing. has been called for redcmp-
ti"n p"cembrr II at 105 and divi-
d"nd. Th" Pittsburgh and West Vlr-
Ein,a viii consummatc segregation
cI its coal properties early next year
1he advance in call money rates
TO I per cent. the highest level since
last May, was aScribed solely to the
preparations of banks to make end
ofthe-month disbursements of divi-
dcnds and interest.