Stock Market

Last week was notable on the New York Stock Exchange 1) for the record number of different shares traded in during a single session and 2) for the record high averages at which certain groups of securities sold. Although there are 1,100 security issues listed for trading on this exchange, it is rare that more than one-half are traded in during any one day. Yet in one vigorous five-hour session last week, brokers dealt with 651 separate issues--the record. The previous record was 649 stocks on March 3, 1926. Of less importance was the fact that 2,607,170 shares changed hands in one session--no record. (The greatest number of shares ever handled in one session was 3,786,111 shares on March 3, 1926.)

Record average prices for security groups were:

25 railroads $110.06 25 industrials 194.25 40 bonds 91.29* Foreign gov't. bonds 105.87/-

The significance of such stock market activities is that they reflect the continuance of easy money conditions in the U. S. and the usual springtime revivification of business.

*Highest since 1913. /-Not quite the record, which is $106.19