Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-23
STOCKS DECLARED
ON BETTER BASIS
Market Is Now Believed in
Position for Further Sub
stantiaI Rise.
BY CHARLES w. STORM,

Editor the News Service OF wall Street.
NEW YORK, February "a bigger
and better stock market is expected
when business is resumed tomorrow.
The terrific pace at which the mar
ket continued to advance to new high
levels for this movement Saturday again
emphasized the increased demand for
stocks and directed the attention OF
the professional bears to the fact that
the upward movement was continuing,
Notwithstanding their assertions that
prices could not maintain the mo-
mentum that had been shown earlier
in the week The market was called
upon to absorb a large amount OF
proflt-taking, many spectators being
unable to refrain from taking profits by
reason Of the rapidity and size of the
advance in quotations the last week.
Week end industrial and trade news
continued favorable. A slight increase
in the weekly business index was re-
ceived with much cheerfulness in that
it indicated that business Is beginning
to show some benefit, thus warrant
ing to some measure betterment in
prices of seasoned stocks.
Big Public Interest.
cheerful than for months, due to the
fact that the general public is rapidly
coming into the market as buyer OF
stocks. The skeleton working forces
with which the big commission houses
have been going along in recent weeks
are being severely taxed and cries for
additional help on part time have al
ready gone out from many brokerage
houses.
Radio Corporation of America stock
was again q spectacular performer and
advanced on an enormous volume OF
trading to a new high figure.
The big pool existing in Chrysler
Motor has been slow in getting under
way by reason Of It's bulk, but on Satur-
day it was going in fourth speed, NOV
ing forward into new high ground for
this advance. Motors were also stimu-
lated by further reports Of increased
activity among the motor manufacture
ing companies.
Motor accessory shares had sympa-
thetic upward movement under leader
ship of Trico Products, which last year
made a most unusually good showing.
It's activity, however, was due largely
to the entrance Of new speculative and
investment interests in the market for
the shares.
huDDS1S NIOVuS.
For the first time in month rubber
shares came forward with burst OF
strength and activity under the leader
ship of U. S. Rubber. Stock OF the
latter company has been accumulated
for more than q year by the Du Pont
and Raskob interests, and their holdings
are reputed to be very large.
Many new and strong groups have
been encouraged to become active in
issues which have been dormant for
months, but whose business has turned
for the better This is particularly true
with regard to Automatic Voting Ma
chine shares, in which strong group
has become active because of a mate
rial change for the better in the bust
ness of the company, and because the
State of Pennsylvania will shortly re-
ceivc bids for 100 Of the company's
machines.
Durant is reported to have become
heavily interested in Industrial Rayon,
while interests friendly with the Nor
gans are going to start activity in
Standard Brands.
(CopyriRht, 1881 by North American News
paper Alliance