Rails Again Spark Brisk Stock Climb
NEW YORK, Dec. 15 MVÛÓ Railroads pushed ahead today and formed the backbone of a stock market advanced into new high territory for the year.</br></br>The Associated Press average of 60 stocks gained 50 cents at J $114.40, the second straight new j 1952 high and the best level for the average in 22Vz years.</br></br>Brokers continue to point to I mounting business confidence as J the base for the sustained stock ; market climb.</br></br>With the Associated Press average of 60 stocks up 50 cents at SI 14.40, the industrial component gained 30 cents, the railroads 90 cents, and the utilities 10 cents.</br></br>The volume reached 1,940,000 j shares, a slight drop from the i 2,030,000 traded last Friday at ! the previous session. But it was | better than any other day last 'week, excepting last TueslayÛªs 12,120,000.