Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-10
STOCK PRICE INDEX
AT HIGHER LEVEL
Market Receivers Much of
December Loss in Last
Weeks Dealings.

Special Dispatch to The Star.
NEW HAVEN, Conn, February TO-
The market rose last week above the
breaking through the resistance leve
of December. There was a degree OF
reaction after midweek, but not enough
to check the speculative rise.
AS compared with the period Of
severeSt break in prices, October Ia
November Is, the Fisher indexes show
recovery in the major groups by more
than one-half in rails, or So per cent;
of AZ per cent in foods, 40 per cent in
steels, 80 per cent in utilities and 50
per cent in motors. CopperS gained Ia
per cent, stores 20 per cent, accessories
% per cent and oils 26 per cent. The
all-induStrials index has recovered by
more than IS per cent the ground lost
during the dismal month preceding
November Is.
Last week one-half of the 800 stocks
in the Fisher index rose, 19 per cent
went down, while 81 per cent showed
no change. Electrical equipment stocks
went up by per cent, radio, building
supplies coppers and motors rose per
cent, while utilities and miscellaneous
stocks were up per cent; rails rose 3
per cent, machinery and railroad equip
ment and foods per cent. Preferred
stocks rose by less than 1 per cent, to-
gether with tobaccos and chemicals and
auto accessories.
The six groups that fell last week
on the daily index were: Household
products 6 per cent, Office equipment 2
per cent. agricultural equipment and
stores l per cent and steelS and oils by
less than per cent.
Continued cheering news of increased
output in the basic industries ana easier
money accommodations has by this time
altogether relieved the market OF its
unhealty fears. Sound advances are in
order.
Rising Value and Volume.
Value of tradings in listed industrial
stocks ran last week somewhat above
the sharp increase of $57 ,4O0, 600 re-
corded for the preceding week. That
SII. 100000 was added indicates con-
tinued Soundness of tone on the rising
market. The volume OF stocks traced
also rose.
During the weeks ended January ID
and Is trading had been at a very low
level. Last week the average was tne
highest since the week ende eoo D Oec a
Ia. Total values of sos, 600 were
traded on the average, an increase OF
s32 600 900 over the preceding week.
Increases in value of tradlngs by
from 5000 900 to s16,000,000 were
shown in each of Is groups. Utilities
rose bv SIG. OOO. 900 from $29, 000, 900 Tor
the week Of January 81 to $45,OOO,O OO
last week. The next largest increases
were found in miscellaneous, motors
and rails stocks which rose by $4,OUO,-
600 over the preceding week. Machin-
erv railroad equipment and coppers
rose by S3.OOO,000 each. Electrical
Equipment. household supplies, oils ana
building supplies rose by S2,OOU,Ouu
each. Preferred stocks, stores, radios;
chemicals and foods generally showed
increases below 100000:
Five groups showed lower values
Ita..o,,. the largest being Steels, Wnicn
were 100000 less than the preceding
week. For the week ended FEBRUARY !
the average daily trading IN steels at
SGT .OOO. 900 was the highest since the
week of December Is.
The compact survey OF New YORK
Stock Exchange movements OF common
industrial shares is given below In price
indexes (1926=100). There are Two
indexes of market price movement. Inc
first ("shares outstanding") represents
ali common industrial shares listed on
the exchange, the importance OF each
stock being considered according 10 tne
shares in existence, or outstanding. Inc
second index ESQ leaderSO SHOWS the
price movement of the common m
du5trial stocks most heavily dealt In
during the week. this list changing
weekly with the shifts in trading pop
ularity.
The shares outstanding" index shows
what a substantially representative $lOU
worth of stocks in 1926 would now
amount to if held unchanged since that
wear. The $50 leaders index shows the
result of reinvesting the 500 every
week In the market favorities OF that
week.
The last column of the table gives
the rate of return on the weeks SO
leaders at current uFiceS