New Britain herald., 1925-09-25
STOCK PRICES IN RECOVERY ADVANCE
High Grade Railroad Shares
 Especially in Demand

Wall street--stock prices made sharp recovery from recent weak ness fin todays stock market, which was featured by the increased de- msnd for high grade railroad shares, and the renewal and strength of &C., tivity In the motors,
 Retention of the Si5 per cent re- discount rate hy the New York Fed eral Reserve bank and the elimina- ton Of many weakened marginal accounts fin the reaction Of the last few days, encouraged resumption of bull operations, and led to con siderable short covering.
 Public utilities responded 10 re- ports of high current earnings and rumors of special dividend distribu- tions. Chief speculative interest fin the rails cenered In the brisk ad- vance In Chesapeake & Ohio and Nickel Plate" which were heavily bought in apparent anticipation of an early and favorable decision by the interstate commerce. commission on the Van Sweringen merger.
 Sharp gains also took place in other carriers, Norfolk X Southern and Atlantic Coast Line selling 4ia and 3 5-S points, respectively, above last nights closing quotations Prices tapered off somewhat during the early afternoon when the call money rate was marked up to Az per cent,
 Wall Street Opening
 Subsistence of selling pressure, which has given recent sessions a reactionary appearance, character ized the opening Of today's stock market, which resumed It's march to higher ground. With the danger of an increase in the New York federal reserve rcdiscount rate re- moved, for at least a week, and a return 10 easy money rates assured, speculative operations for the rise were conducted with confidence. Flcischmann opened ? points high CT at 12l 1-2. a new record top, and initial gains of point or more were recorded by Chrysler, Tobacco Products, Stewart Warner and Gen eral Electric.
 Resumption of heavy buying of the motor shares featured the early trading. Chryslcr quickly scared ( points 10 a new high record at 1G7 1-2, making one jump of 1-2 points between sales, Mack Trucks was bid up over points and Briggs Body. which was weak on unfayor- able dividend rumors yesterday, ral- lied points within the first halt hour. Buoyancy of the express stocks also commanded widespread attention. American jumping 6 points and Adams 3. Columbia Gas and Electric, Norfolk and Western land Commercial Investment Trust topped their previous 1925 higl marks. Other outstanding stront spots lnCluueu AnCFlCdH ' all, l. = Cast Iron Pipe. General Baking ant Du pont, all Of which recorded early gains of . 10 3 points. For eign exchanges opened irregular with a break of about 25 points il Norwegian krone to zoos cents a' the only important change. DcmanC sterling and French francs ruIcC firm at $4.S4 IA and 4.73 lc cents respectively.
 Heavy buying of high-grade rail. road shares. Chesapeake & Ohio Southern Railway and Nickel Plate touched their highest figures of tho year, and reduction in the cal money renewal rate to AT per cen caused widespread buying elsewhere .i with the public utilities again 1T large demand. Detroit EdisOl jumped 9%, United Fruit s. Chrys Ter : as. American Can 69l. Founda ton Company and Laclede Gas and Brooklyn Edison, Nickel Plate Remington Typewriter and Eastman
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