New Britain herald., 1925-08-17
RAILROAD SHARES
 SHOW STRENGTH
New Haven Road Also Hops Up
 to Some Extent

New York, Aug l1 Pl-(Wall S, opening ngl-Reyiyal of strength and activity in the railroad shares in ap- parent reflection of record breaking freight traffic and high current earnings, featured the opening of tCday's stock market. Wabash common led the early advance, open ing S-S points higher at 4S IA and was followed into new high ground by New Haven and Great Northern preferred. With the cN- ception of Marland most of the oils were heavy.
 Speculative interest ccntered largely in the high priced indus trials in the early trading, Amcri- can Can, Dupont, General Electric and International Telephone fell back l 1-2 to nearly points on protit-taking. This selling, however, failed to dampen bulish enthusiasm in other quarters. General Railway signal scared nearly 10 points, Westinghouse Air Brake jumped to new record top at l4S and Mack Trucks moved up 10 new peak at 1924. Early gains of points or more also were recorded by American foreign pawcr. Inter- national Harvester, |, $, Cast Iron Pipe and Havana Electric, U. $. Steel common moved up over d point to the highest price since last March in reflection of expanding mill operations and stiffening price tendencies for steel products. For eign exchanges opened irregular, Demand Sterling ruling slightly higher around s4,S5 1-g while French francs dropped points to 4.65 cents,
 Except in the case Of Dupont. which broke points before midday 1 realizing sales were well absorbed | and the market worked steadily up- | ward throughout the morning, There was a steady increase in public par tcipation which stimulated short 1 covering in high priced issues par ! itcularly those in which capital split nps or larger distributions 10 stock holders are belieN ed to be impend- ing. S. $. krusge, the highest priced issue traded in, opened A points higher at 3 record top Of 54o With steady improvement being reported 1 in SOY leral basic lines of trade and | prospects for a continuance of rela- | lively easy money rates for some l time tQ come. operators for the rise 1 had little difficulty in attracting R | following. Mack Trucks common cN- | tended it's carly gain nearly s points before noon, and the lst preferred G while | g, Cast Iron Pipe, Interna- tlonaj Hary ester Westinghouse Flee tric, Hostum Cereal Railway Steel Spring, NaIlson Chemical and Amer
 can Brake Shoe < Foundry sold { 10 points higher in that period. Cal money renewed at 4 per cent despite tn" sharp decrease tn excess reserves shown in last Saturday : clearing house statement
 Considera hle confusion attendod the early afternoon dealings. and al though there were many points of depression among the oil. motor and miscellaneous shares the tluctua tions for the most part were toward hicher levels American Can, after being down to 2S7 early, rebounded 10 o4% and fell off again to G40 1-1. International Telephone S- Telegraph broke 2-4 General Baking, on the other hand, rose and there was 3 considerable show of strength i'll Al lis Chalmers, New York Air Brake, Atlantic Gulf ( West Indies, Rock Island, Norfolk and Radio.
 South California Edison was strong in the utility group, moving ID points and National Power < Light after q loss Ill the early trad ing had a sharp advance. Consoltdat cd Gas of Baltimore was steadily bought and International Utilities "R" which has been active and strong for se3 eral days continued in demand. part Of the buying being based on negotiations for Canadian properties. American Light and Traction al one time showed 3 loss of points and Southeastern Power was also in supply, but dealings in these stocks were Of far less volume than had been recorded for some timo past,
 Industrial issuos outside of the refrigeration stocks were without special feature Norwalk Rubber held the gain made in connection with the recent dividend doclara- ton while American Rayon was again in supply and declined over one point. Continental Baking "B advanced over one point.
 Standard oil of Indiana and al New York yielded, following the cut in Pennsylvania crude,