Imperial Valley press., 1932-07-25
Daily Report Of
Stock Markets

NEW YORK, July 25. U.P) = A
mild boom market ruled on the
New York stock exchange. today as
a steadily mounting stream of buy
ing orders sent prices up to their
highest levels since early June.
Gains ranged from a fraction to
half dozen points.
Attracted by the quiet advance
of the preceding week and the gen.
orally better sentiment both in fl
nancial and business circles, 'little
fellows" in many sections of the
country began to send their odd lot
orders, pushing the market forward
with sufficient velocity to touch
off stopless orders and give bear
traders occasion for alarm.
The volume of trading was not
heavy but approXimated Fridays
volume of 100000 shares, which in
turn was the most active session
since June 3. Interest centered
more on the lower priced petroleum
and speciality issues, indicating the
growth of public demand for stocks.
Investment issues, however, were
strong but their movements were
for from spectacular. The upturn
was interrupted from time to time
by spells of profit-taking but early
gains were maintained to the close.
The advance in stocks had its
counterpart in the bond market.
where prices also lifted from one to
six points on sharply increased
trading Bank stocks in over the
counter trading scared from one TO
20 points but both major commodi-
ties, grains and cotton, were slug
gish.
Trading in the oils was the heav-
lest in months. Led by Consoli-
dated Oil, which rose more than
point to new high for the year at
7l2, oils came in for increasing de-
mand on the part of many traders.
Several other Oil issues touched
new highs for the year, including
the Shell and Union issues, Attain
tic Refining, Ohio Oil, Rio Grande
and Petroleum corporation. Stan
dard Oils of New Jerseys and Cali
fornia rose about a point each.
Railroad shares also responded
to heavy outside demand. New
York Central rose more than a
point on buying reported To be COM
ing from the L. F. Loree interests.
Atchison and Union Pacific also
were strong, each rising several
points to their best levels OF the
movement.
Gains in the more active shores
were generally held to around 8
points. Larger gains were made by
Reading and Consolidated Cigar
preferred and General American
Investors preferred.
The close of trading was marked
by rather excited bidding all along
the line on the heels of a sudden
advance in Steel common. which
rose above the 26 level for a gain
of nearly 2 points. Steel preferred
rose more than points to 661a.
According to preliminary calcu-
lation. the Dow, Jones 81 Co. IN
dustrial average stood at 49.71, up
1.87 points, railroad, 1889, up 81,
and utility, 1891, up go. 8
Sales totaled 100000 shares,
compared with 100000 shares last
Friday.
LOS ANGELES, July 25. UP
Trading was active during rising
market on the Los Angeles stock
exchange today. Most issues re-
ported advances Of fractions to
more than a point.
Rio Grande Oil was the most ac-
tive, selling 2600 shares at 25s, up
q. Standard Oil advanced 1A to
2494 on sales of 2200 shares. Union
Oil sold 1000 shares at 105s, up 2s.
Union Associated advanced g to
91a on sales of 900 shares.
Southern California Edison sold
1000 shares at 205s, up 2s. South
ern Pacific advanced q to 10 ON
sales of 600 shares.
Transamerica gained 1s when
1900 shares sold at AS.
L. A. STOCKS