New Britain herald., 1926-06-11
MARKET SHOWING UNUSUAL STRENGTH
Million Share Mark Is Crossed
 at Early Hour

Ut buAlJ llVul
 New York, June II LP>-Construc tive forces were again at work il Wall Streets stock market, whicl gave an impressive demonstration O strength after an opening period O irrcgularity. One of the most signi fiCant features Of the session was thu fact that the main body of stock' showed a more general tendency tt follow the rise in the market lead CTS. As result, trading increaseC in breadth and volume. the million share mark being crossed before tho end Of the third hour.
 There was nothing in the day. news 10 account for the buying nov, ment although considerable emphasi, was placed on the strong demand fol United States Steel common ana General Motors. the socalled "Mor. gan Stocks" |. s. Steel crossed 134 for gain Of points and General Motors sold above 136. A new higf level for the year, and within F points of the record high established in 1925.
 Oils gathered strength as the ses- sion progressed. Atlantic Refining quickly climbing over points while Pan-American B.. Marland and Inde- pendent Oil and Gas sold a point above yesterdays final figures. Oper- ations for the rise were successfully conducted in number Of special ties, particularly International Har- yestcr. National Biscuit, Postum Ger cal, California Packing, and Mack Trucks.
 Rails also showed a more uniform upward tendency with special buy ing noted in the Gulf, Mobile and Northern and other issues which have recently been associated with merger rumors.
 There were only few soft spots, th most conspicuous of which were Interhoroueh Rapid Transit and American Ice
 Wall street Opening
 Confused price movements char acterized the opening of today's market. Overnight business and financial developments were rather colorlcss in character so that the early trading represented largely inc shifting of speculative accounts. Rails continued firm, with Gulf. Mobile and Northern opening q point higher. BulIish demonstrations also took place in few specialties. Onyx Hosiery and Butterick Publishing moving up 10 new high records for the year while General Electric showed an initial gain of 1-4 points. Eubhcrs were heavy, Good rich sagging point on tho first sale.
 Prices swung upward soon sfter the opening when heavy buying was resumed in |. $. Steel common and General Motors. which advanced and l point, respectively, before the end of the first half hour. Rails also took ol a new lease of life with buying presumably influenced by the favorable nature of current traffic and earnings reports Union Pacific assumed the leadership of that group hy crossing 151 to a new high level for the year while Seaboard Air Line, Canadian Pacific. Atlantic Coast line and Louisville and Nash vile climbed q point or so higher. Faced by the prospect Of easier money rates by the end of the month, pools resumed vigorous buy ing of several spcCialties. May De partment stores advancing @1a points. International Combustion 2 and Coco Cola, Owens Bottle and Car and Foundry a point or so. Ray Copper touched another new high level for the year. For eign exchanges opened irregular. Demand sterling ruled unchanged around $4.S6, but French francs dropped 6 points 10 2:90 cents, Bel gian 4 10 295l3 cents and Italy 2 to 3.611 + cents. Spanish pcsetas scared 16 pOiutS to 154g cents