New Britain herald., 1926-12-23
ATCH|S0N HITS
 NEW PEAK PRICE
Crosses t70 on Wave Of Specu.
 latiVe Buying
Bv ths Associated Preaa.

By the Associated Presa
 New York, Dec. 2S.-Speculators for the advance assumed control of the price movement in today's stock market, centering their activities in Atchison. which crossed ITO to a new record high, and the motor shares. The rally was conducted in the face O, another advance in call money to 6 per cent which followed the heavy calling of loans in order to meet the unusually heavy demands for Christ mas currency.
 Despite frequent denials that any special dividend action in Atchison was under consideration. the stock was accumulated by brokers who look for an extra distribution at the January meeting of directors. Other rails were quiet but steady, the de- cline in car loadings compared with the same week last year, and the relatively poor November reports of the Union Pacific and Southern Paci- flc having tendency to restrict trading.
 Texas & Pacific Land Trust. which fuctuated between 1,70o and 1,Soo yesterday, was marked up today to s2,040 share, the highest price ever recorded. Heavy trading also took place in Trans-Continental oil fol- lowing the publication Of splendid earnings statement for the first Il months of the year. Atlantic Re- flning advanced 3 points and other oils held firm despite recent in- creases in crude production.
 Heavy accumulation of the mo- tors, particularly Nash and Hudson, was accompanied by unconfirmed merger rumors. General Motors also started upward after a period of comparative inactivity. On the other hand, Hayes Wheel sank to new low for the year at 17 IS.
 Among the specialties, Jewel Tea stood out by jumping over 5 points to a new peak at 5sk. Baldwin, Remington Typewriter and Inter- national Telephone also scored sub stantial gains.
 Wall Street Opening.
 Active bidding for the motor and accessory shares, including General Motors Hudson, Nash and Timken Roller Bearings, marked the open ing of the stock market today. Ru- mors of favorable dividend or mer- ger developments were instrumental in pushing Nash to a new high level above 70. Renewed accumulation of the oil stocks carried Marl and Pan- American "B" and Atlantic Refining to higher ground.
 Despite denials from several sources. reports that several mergers were being considered in the auto- mobile industry explained the strength of such issues as Dodge, 1 Packard and Hudson. Hudson rose ? points and the others responded 10 8 steady flow of buying orders Buying of standard industrials also was resumed on fairly large scale, indicating that the recent realizing movement had run its course. |. s. Steel advanced a point and U. S. Cast Iron Pipe, Baldwin and other leaders were in demand. Texas Pacific Land Trust stock achieved the distinction of being the first is- sue to sell on the stock exchange at S2,o00 a share after running up 200 points on odd lot sales. Reading led an advance in the coal road stocks and International Telephone extend- ed its recent gain. Foreign ex- changes were steady, with Italian lire recovering several points.
 Further demonstrations of buy ing power in several of the high priced shares contributed to the growing strength of the list, with the demand branching out to in- clude some of the oil, public utility and food shares. Retention of 5 1-2 per cent renewal rate for call loans apparently was disregarded in connection with the spirited buying that went on for the motors and other popular shares. Conner cial Solvents B jumped 8 points, South Porto Rico Sugar and Jor- dan Motors, Jewell Tea and Chi cago Pneumatic Tool 3 to 3 1-2 Loose -Wiles Biscuit second pre- ferred, however, slumped II points the common stock 4 S-4 and Porto Rican Tobacco 5. Western Pacific sold at 27 1-2, new minimum price for the year.