Investment Demand Firm
The rise was irregular and spotty but volume swelled to 3,240.000 shares compared with 2,930,000 yesterday.</br></br>Unusually sharp rises for Commonwealth Edison, Eastman Kodak and American Telephone pulled a lot of weight in shoving the market averages to a 1958 peak.</br></br>Investment demand was sturdy, as evidenced b'y the climb in selected high quality stocks. At the same time, speculative interest in lower-priced issues continued.</br></br>. The Associated Press average of 60 stocks rose 70 cents to $186.60, or 10 cents higher than the former peak set Aug. 11. The industrials rose 80 cents, the rails 30 cents and the utilities 60 cents.</br></br>Studebaker-Packard was the most active stock for the second straight day, rising V4 to 7% on 100,100 shares and setting the pace for a half dozen other lower-priced issues in the spotlight.