Buying Wave Starts Year
NEW YORK, Jan. 3 WLThe stock market started the new year with a rousing advance that carried it to new peaks in .the heaviest trading in more than four yers.</br></br>General Motors was the star of the session with a net gain of?7V4' at 105% after hittirfg a high of 107%. The buoyant action came' in the midst of Wall Street rumors of an impending stock or cash dividend declaration, a stock split, or the possibility of antitrust'action which could result in an eventual stock split.</br></br>Du Pont, which owns some 20 million shares of GM com-imon, closed up mon, closed up 4 at 171% after hitting a high of 175%. .</br></br>Most sections of the list were higherÛÓmotors, steels, mail order issues, radio-television, copper, raidroads and oils. Gains here went from 1 to around 3 frequently.</br></br>The Associated Press average of 60 stocks advanced $1.20 at $156.40, second highest level fpå£ the average in its history. The all-time high or $157.70 came September 3, 1929.