New Britain herald., 1924-01-24
WALL STREET STOCK
 EXCHANGE REPORTS

Wall Street Opening-Stock prices were churncd about at the opening of today's stock market but the main tendency continued upward. South
 Porto Rican sugar advanced 21s on
 speculative expectation of an early
 resumption of dividends and Ameri-
 can Hide and Leather preferred
 moved up 1. Corn Products estab- lished another new record high at
 176.
 Noon-Stock prices moved unmis-
 takably upward during the morning.
 speculative offerings of the Chemical
 and Fertilizer shares and four point
 drop in Consolidated Cigar preferred
 having no effect on the general list.
 Steel, Automotive and Merchandising
 issues gave the best demonstrations Of Ieroup strength. Record high prices
 were established by Maracaibo Oil at
 34 7-S and Brooklyn Manhattan
 Transit preferred at 54 3-4. United
 Fruit extended its gain to points
 and Chandler, Dupont. Nash Motors
 and National Cloak and Suit sold ?
 or more points above yesterdays fi-
 nal quotations. l.. s. Steel common again crossed l01. Call money open
 cd at per cent.
 With prices of some of the Liberty hond issues at the highest levels in some time and a reduction in time money rates attesting to the glut of funds at this center for investment and speculative purposes buying be- came of more vigorous character in the early afternoon when many shares sold to 5 points above yesterdays final figures Corn products reached 17ss, Baldwin l25 5-S and American Can no 3-S.
 Bueyancy Of high priced industrial specialties featured the early dealings, corn products moving up , points 10 TIT s-s and gains of 1 to 3 points being recorded by General Electric, United Fruit, American Can. Gulf States Steel. Pan-Ameriean E, Mar land. Kelly-Springfield, Studebaker. Stewart Warner, Mack truck, Fisk Rubber first preferred, [. s. Rubber first preferred and Austin Nichols preferred. Consolidated Gas and Sugar Refining were heavy. Foreign Exchanges opened irregular.
 Variable movements prevailed on the curb market today some issues that had made substantial gains in recent trading reficcting profit-taking sales, declines due to selling of this however, were offset by ad- vsnces in other issues and the ma jority of stocks moved to higher levels.
 New Mexico Land was prominent. a further advance Of one point to ! i-e, q new high record.
 Standard Oil issues moved within comparatively narrow limits, but there was a vigorous advance in Mag nolia which rose five points to i5a. Prairie oil also was strong and made n substantial advance. There was resumption Of accumulation of stand ard Oil of Nebraska which made Il sharp advance. Standard oil of New York and Indiana were strong. Con tinental oil advanced one point. Mu- tual oil, which has arranged for ah- sorbing the Continental company on the basis of four shares Of Mutual for one Of Continental, made a fractional advance.
 Pan-American rights 10 subscribe to securities issued in connection with Inc California development which sold as high as ss late last year. and ycsterday were down 10 65 cents to- fay moved up 10 SIPS.
 Coal stocks featured in the indus 1 rial group. Glen Alden Coal moved | ,ver point to tho new high record | ,f ss Ia. LohiEh issues continued | influenced by selling fin connection with the election Of holders to retain | ,ither the railroad or the coal com ,any shares. The new stock, whcn | ssued, and the rights showed little ,hange.
 Ward Baking issues both reacted liter early advances. Brooklyn City | Railway after selling at its recent | ,igh Of fourteen reacted nearly one ,oint.