Stocks Advance To Record Peak: Turnover Expands on Rise
N E W V ORK, March 5 Of) The stock market hit another new high today as prices advanced from $1 to around $5 a share. Rails were spurred by the new 6 per cent freight rate increase. Coppers and honfer-rous metals were strong also.</br></br>NEW YORK, March 5 UP)ÛÓ'The stock market hit another new record high today in a performance that matched FridayÛªs rally to historic levels.</br></br>Gains today were extensive and pushed on to around 5 points at the best. Gains of 1 to 3 points were numerous. Losses werenÛªt very frequent but they went to around 2 points.</br></br>Railroads started the ball rolling and had strong help from the non-ferrous metals. The Interstate Commerce Commission Friday granted the NationÛªs carriers a 6 per cent freight rate increase, and there was a rush to buy rails at the opening of the stock market today.</br></br>Steels gave early help but faded into a mixed position at the close. Motors were mixed as well, and the aircrafts showed a lot of losses. Chemicals, too, were mixed. Gains were shown by the oils, radio-televisions, utilities, and many individual issues.