New Britain herald., 1924-01-04
WALL STREET STOCK
 EXCHANGE REPORTS

New York, Jan. 4.-Evidence of in
 creased buying was indicated in the early price movements today of a
 wide assortment of railroad mort gages, domestic industrial liens and public utility bonds. With the ex- ception of a few of the industrial l bonds, like U. s. Rubber, Central 1 Leather and some of the chemical is
 sues, none of the advances was more than moderate. Good support was 1 evident also for some of the western | traction liens but the local subway and elevated mortgages were slightly reactionary. Some of the French
 municipals sold lower. American gov
 ernment bonds were relatively firm in fairly active trading.
 Selling orders again predominated at the irregular opening of today's stock market with pressure exerted against the oils, motors and inde- pendent Steels. Nash Motors dropped ? points and Producers and Retiners IA. Marine preferred advanced 1
 point in reflection of the reported in- crease in shipping rates.
 Most of the standard industrials yielded fractionally to selling pres sure but a fair demand was noted for number of the tobacco, public utility, motor accessory and merchan- dising issues. American Sumatra To- bacco preferred jumped 10 points and gains of 1 to points were recorded by tobacco products, U. s. Realty, Congoleum and American Radiator. When the overnight selling orders had been disposed of, the market showed a tendency to stiffen. Early losses of point or so were recorded by Jones Oros. Tea, Gulf States Steel and Iron Products and foreign exchanges opened lower. French francs sinking to another new record low.
 Buying of numerous industrials shares based on individual trade con- alterations, carried the general list upward again during the morning. but there was little alteration in the prices of the customary leadsrs. The principal gains were recorded by or dinarily inactive issues. General Elec- tric rising Az points and American Sumatra and Lorillard Tobaccos, Marine preferred, American Brake Shoe and Foundry and Fisher Body selling 2 to 3 points above yesterdays closing levels. Chemical and Fertil- izer issues gave a good demonstra- ton of group strength. Intermittent heaviness was noted in the indepen- dent steels, corn products and Chand- af 4% per cent.
 Wall Street, D. m.--In the after. noon some of the standard industrial shares commenced to show some re- iiection of the strength displayed in other portions of the list American Can and the leather, oil and motor accessory issues rising briskly. Saw age Arms, Schulte, Brooklyn Manhat- tan Transit pfd. and Congoleum were also quite strong.
 New York, Jan. A. Profit taking | sales again featured trading on the | curb market today.
 The general character of the trad | ing was shown by Prairie Oil and Gas, which after yielding six points to 253, moved up to above 260. The widest movement was in Standard oil of Nebraska, which dropped 12 points selling below 200. Prairie | Pipe Line yielded about two points | and Magnolia dropped points in the early trading but recovered most of its losses before midday. Indepen- dent oil stocks moved within mar rover range. Generally showing | moderate losses in the early trading followed by rallies around mid-d day.
 Industrial issues weer irregular. | Gold Dust continued the strongest feature and made new high record.