New Britain herald., 1925-08-07
UTILITIES STOCK
 MUCH IN DEMAND
General Railway Signal Shows
 Strength Today

New York, Aug. Wall Street openlng-Heavy buying of the public utilities featured the firm opening of today's stock market. Havana Elec- tric opened < higher at 197, a new record top, and initial gains of a point or more were recorded by Montana Power, American Foreign power and the 25 per cent paid. Gen cral Railway Signal, which recently announced the receipt of a $500, 000,- OGO order from the New York Gen. tral was higher at a new peak of | 24O.
 With bankers inclined to regard the lowering of the Bank of England bank rate as an indication that no immediate increase In the New York Federal Reserve bank rate Is likely and reports of trade improvement from the basic industries, operations for the rise were conducted with in creased vigor as trading progressed. General Railway Signal quickly ex- tended its gain Of S15 points by touching 245, or more than 100 points above the original price at which 1t made its appearance on the "big hoard.' Midland Steel Products 1 preferred jumped ' points to a new top at 139 In reflection Of large earn ings and the entrance of new fnan- cial interests into the company. Rail- road equipment stocks were in brisk demand, General Electric moving up points, Westinghouse Air Brake 213 and New York Air Brake, 1, be- fore the session was 30 minutes old. Revival of activity and strength In New York, Ontario & Western, which sold at the years best price, and further accumulation of the Southern and Southwestern Carriers featured the rail list. International Shoe dropped points and r. c. Shattuck fell 4 but quickly recovered large part of its loss. Foreign ex- changes opened steady, demand sterling being quoted around s4S5 S-S and French francs at 40 cents.
 Appearance of an investment de-
 mand for the standard rails and in-
 dustrials stimulated bullish opera lions in other quarters, and the en-
 lire market swept forward through
 out the morning. Y. S. Steel common
 tN York Central to 119 and Mack Trucks 10 l9G. Buoyancy of the higf priced issues indicated a continued scarcity in tho floating supply, Gen. oral Electric and Laclede Gas sell. ing more than points above las night's final quotations before mid day. Pools were again active in tht , low priced speCalties. White Rock National Dairy Products and T. | Rubber common changed hands fl . large volume, Nickel Plate common . moved up %rs points in anticipation I of an early and favorable decisio' 1 on the Van Sweringen merger an
 Nashville, Chattanooga & Tennesso |, climbed points.
 , International Shoe collapsed owe , 15 points on selling inspired by ] court decision ordering that com
 panY to dispose of the stock of |
 rival concern. Call money renewed
 at 4 IA per cent.
 With IT. $. Steel selling at 122 l..
 the highest since the latter part O l March In anticipation of a satisfac
 tory nufllcd tonnage statement or / Monday tho entire list was strong Large blocks of some of the low.
 rricod spocialties changed hands a , rapidly ascending prices notably l Gliddcn. Advances were numerous including General Railway Sigma 10, r. &. Cast Iron Pine 5-S, Soutr Porto Rico Sugar 6 1-4, and Macl Truck and Commercial Solvent B 5