New Britain herald., 1925-07-02
OPERATORS FIGHT
 FOR HIGH PRICES
Buying Orders Cover Wide
 Range Of Issues

New York, July 2 P,--wall Street openlng-Professional operators re- sumed their campaign for higher prices at the openng of todays mar ket. Encouraged by the success ob- tained yesterday, they again distrib- utcd buying orders over a broad list. Woolworth opened 2A points high CT while initial gains of point or more were recorded by United Drug, American International Corporation and Pullman. New 1925 peak prices were established in the first few minutes of trading by Montgomery Ward and Otis Steel preferred.
 With q large volume of reinvest- ment funds still seeking employ mcnt, the demand for high grade stocks continued unabated. Specu- lative Clques also stirred mp activity in the low priced issues, particular ly those which have been associated with favorable dividend or merger rumors. Additional new 1925 highs were recorded by International Agrl- cultural corporation, Otis Elevator, Postum Cereal United Drug, Ward Baking B and Wabash common, the gains ranging from fractions to points. Rails again Jagged behind the industrials although substantial gains were recorded by Delaware & Hudson, Frisco common and Wheel ing x Lake Erie preferred. Havana Electric and Yellow Cab made sharp recovery from their recent lows. Es- tahlishment of new high records by Danish and Norwegian kroner, each of which advanced about 25 points, featured the firm foreign exchange market. Strength of the Scandina- vian rates here was in reflection of higher rates In London.
 Broadening speculative operations throughout the forenoon trading | were attended by some substantial advances in many stocks accustomed to move within narrow limits except | in periods of great activity. Chain store and mail order issues resrond- cd to reports of good summer busi- ness and steady expansion In earn ings, Inquiries for medium priced motor and accessory stocks also was | brisk. pushing Studebaker, Packard and U. S. Rubber into new high ground. Gains of to 4 points were recorded before noon by American Radiator, American Ice. Brunswick, Pullman, Havana Electric, Postum Cereal and Otis Steel, Activity in stocks of railroads linked with the Loree Consolidation plan. including Delaware S Hudson, Wabash and Wheeling & Lake Erie, was based on l reports that progress was being made in the merger negotiations | Pan American B was heavy and Otis , Elevator, Gulf States Steel and Coca Cola lost ground on profit-taking all money renewed at per cent and then dropped back to 4A.
 Great irreguIarity cropped out a; the traders pursued their recent tao ties of getting out of stocks whicl were sluggish and buying those which were beginning to move. Th' Fries and Coppers were galvanized into activity, while Cudahy Packing Foundation company, Atlantic Gull and West Indies, Yellow Cab manu featuring and Railway Steel Spring were also in large demand. Intermit' tent selling resulted in some pro nounced losses in American Can Radio, United Cigar Stores. Cana dian Pacific and Western Pacific.
 Markets At A Glance
 Stocis: Firm; Frisco common al new high.
 Bonds: Steady; two U. s. govern mcnt issues at new tops.
 Foreign exchanges: Higher; Scan drnavian currcncies lead genera rally.
 Cotton: Weak; bearish govern mcnt report.
 Sugar: Featureless.
 Coffee: Declined; easier Brazilian markets.
 Chicago
 Wheat; Easy; poor export demand
 Corn: Steady; less favorable croI reports.
 Cattle: Higher; active demand.
 Hogs; Firm.
 IJirb I0w ClOSt