Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-11-12
STOCKS AGAIN RISE
IN HEAVY TRADING
Great Activity Attends Ses-
sion-Buying Orders
Boost Issues.
BY GEORGE T. HUGHES.
cpecIal Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, November 12.-In a
session replete with sensational features
individual stocks were bid up to dizzy
heights in today's market. Radio was
the leader, soaring nearly IS points and
selling at the highest in the last 10
minutes of trading. International Nickel
was a close second only slightly under
200 and also at the highest for all time.
The ticker dropped 10 minutes be-
hind the market in the early afternoon
and as the close approached 1t had made
up only three or four minutes of this
loss. The turnover at that hour PROM
Used to break all records.
The market encountered flood of
realizing, but for the most part it was
absorbed with little impression on prices.
At the close there were many declines,
but all the large changes were on the
side of advance. Among the strong
stocks were Allied Chemical, Packard
Motor Westinghouse Electric, Sinclair
and Sears Roebuck. Every one of these
stocks made new high records at one
time or another during the proceedings.
Seldom. if ever, has there been such
a huge turnover as was witnessed in
the first hour today. In the initial Is
minutes transactions totalled $4,000
shares. The first half-hour accounted
for 77O.5OO shares. For the full hour
the sum was 1899. 500 shares.
AL! the active stocks came out at the
opening in huge blocks. For instance,
New York Central opened up 2 points
on a 1O,O00-share transaction. Ameri-
can Can was up over 2 points on a
10 ,OOO-share block The first sale of
Radio was one of 5000 shares.
Radio Is Feature.
Radio was the feature, starting in at
27O, the previous high record for all
time, and then adding 6 points In the
early trading. All sorts Of fantastic
predictions as to the future Of Radio
were made by its excited followers.
American Can was another early favor
lite, the opening price setting a new
high record. Montgomery Ward was
practically unchanged at the opening,
but reacted below the 400 mark later on.
Renewed attention was paid to the
copper stocks. Kennecott made rec
ord top for all time on the first sale,
which was of $4,000 shares at al. A
little later American Smelling & Re-
filming was BID up to $50, the highest
price in the history of that company.
This, however, is not so extravagant
measured by present stock market
standards, if current productions in
earnings are realized at the end of the
year. Anaconda, Calumet and Arizona.
Tennessee Copper and Chemical and
Greene Cananea, were all up while
International Nickel pushed ahead Wig
orously.
Rails Advance.
A long list of railroad stocks shared
in the upward movement. Union
Pacific, above 224. made new high
record for all time and Canadian
Pacific at 237, was at new high for
many years. Atchison sold only frac-
tionally below its extreme high of 200,
made year ago. Nickel Plate, Norfolk
& Western, Great Northern preferred
and Northern Pacific were other strong
carrier shares. In the lower-priced
group Missouri Kansas Texas was the
leader.
Money renewed at 61a per cent and
was in supply at that figure. Time
money was unchanged and so was Com
mercial Paper. The tape ran three
quarters of an hour behind.