Stock prices moved definitely higher today on an increased volume, An early. demand was centred on low-priced motors, but later General Motors reported that January sales showed new records, The advance Spread io other sections, while the seasonable increase in car loadings directed attention to rails in which New York Central was featured. The report that Ford has entered the market for steel aided steels, whilst coppers were firm, despite the further softening of the metal price. Homestake Mining made a new low, but thereafter showed a gain exceeding two points, due to short-covering, which was an important factor in the advance of steels and automobiles near the close.
Stocks: Were impressively strong during the final hour under the additional foreign orders about to be placed. Some buying also done by chart-followers, who came in when the industrial average bettered 147.00, thus penetrating the topside of the recent line formation. A further rally is expected, but we would ligh-'iten accounts if the industrial level of the Dow-Jones Averages proaches 150.00.
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