New Britain herald., 1925-07-08
BULLS SPEED UP
 T0DAY'S MARKET
Buying Enthusiasm Marks Early
 Trading on Exchange

New York, July s tF) -- (Wall street opening) Stock prices swept forward in another outburst of buIlish enthusiasm at the opening of todays stock market. New peak prices were established in the first few minutes of trading by Robert Rcis, Woolworth, Electric Power certificates and American Safety Razor. Initial gains of point or more were recorded by R. II. Macy American Can. International Telc- phone. Baldwin and L. S. Rubber, General Motors responded to the announcement of tho Yellow Cab merger by moving up to a new top at S6 5-S.
 Buying orders were again dis tihuted over n broad list with pools resuming activity on large scale on the prospect of a continuation of easy money rates and indications of good business this fall Rails strengthened on reports that car loadlngs for the week ended June 27 were nearly 90.00O cars above the corresponding week last year, At antic Coast Line leading the early advance in that group. Additional new highs wore recorded before the end of the first half hour by Ger tanteod Products, American Radi- ator, Continental Can, Nanadium Steel and Wheeling x Lake Erie. Havana Electric scared 6 points on few sales and General Motors quickly crossed S7. Renewed heavi- ness cropped out in Mack Trucks and Universal Pipe preferred. For oign exchanges opened irregular Demand Sterling held firm around S4S5a4 and French francs around | ACC cents, but Belgian francs and Italian lire were heavy.
 Taking advantage of the strong undercurrent of investment buying, which was steadily reducing the | floating supply of many high grade | stocks, and the further easing of money rates, operators on the long i side extended their operations to a wide assortment of issues during l the morning. Standard industrials were again in good demand, |. S, Steel common touching lii on buy l ing influenced by the reported i'm provemcnt in the steel tadC. That consumption will continue through ! IltI ntol m coo n a D | that of the summer of 1924" Iron i Age says. lis indicated as the steel trade enters on the second half of | the year" Tho rapidity of the rise in some of the high priced issues encouraged proht-taking by profess siona traders. Havana Electric and l Mack Truck falling back points from their early highs and Wool worth 4. Additional new 1925 highs were recorded by Utah Copper, Spicer Manufacturing preferred and l.. s. Hoffman machinery, while American Radiator, Internationa Telephone. Stewart Warner and Ken, nccott Copper extended their gains points or more before noon, Call money renewed at 4 per cent and then dropped 10 S3a.
 Markets at a Glance
 Stocks. Firm: American Smelling highest in eight years.
 Bonds; Steady; lower money rates help trading.
 Foreign exchanges: Mixed; francs and lire steady
 Cotton: Firm; bullish weather re- ports.
 ] Sugar: Easy; lower European markets.
 Coffee; Advanced; unfavorablc weather, Brazil.
 Chicgo---Whcat higher black rust reports moro numerous.
 Corn: Firm; crop complaints from southwest.
 Cattle. Lower; supplies liberal
 Hogs; Weak.
 New YOrk.-With pledges of moro than $2,5OO,000 received from New York and Chicago creditors, repre- &ontativcs ot Dean, Ouat>ia X Co. the brokerage house which failed last week with liabilities exceeding $35,o00,00O, indicated today that the firm would be able to resume busi- ness at an carly date in accordance with the terms of a settlement plan