New Britain herald., 1926-09-24
MARKET STRONG,
 BUT TRADING DULL
Rails Receive Good Buying
 Support Today

Support Today
 New York. Sept. A P-Ouie strength characterized today's stocl market, with fears of stiffening O money rates allayed, at least tenn porarily pools had little difficult, in attracting professional follow ing in a score of more selected issues, public interest was apathetit an dtrading was comparatively dull Covering by timid shorts accelerated the advance in Q few specialties,
 Rails received good buying sup. port on the strength of the Angus earnings statements now being pub. lished. The advance in the Var Sweringen issues was resumed al the opening, but died down around noon when such favorites as New York Central. Atchison. Southern Railway, Atlantic Coast Line and Delaware & Hudson were marked up in brisk fashion.
 Except for a few foreign pro- ducers, such as General Asphalt, the Oils were sluggish, a cut in Mon- golia Crude apparently acting as a depressing influence. Accent strength of Union Oil of California was explained aby the report that the company had undertaken ex- tensive development work in Venezuela. The decline in silver metal to the lowest price in over ten years, probably accounted for the backwardness of the coppers. several of which are large producers of the white metal.
 New peak prices for year, or longer, were attained by advance Rumcly common, Lambert Co.,, and Wilson Go. preferred, while texas Gulf Sulphur duplicated it's record high price before the end of the third hour Substantial gains also were recorded by Adams Express. International Harvester, Interna- tional Telephone, Coca Cola and Aillti lCdn IOWer & Light.
 Wall Street Opening
 Stock prices displayed strong tone at the opening of todays mar ket in reflection of easier call money rates and the maintenance of the 4 per cent rediscount rate by the New York Federal Reserve bank for at least another week. Initials gains of a point or more were recorded by Allied Chemical, Hudson Mo tors, International Telephone and Missouri Pacific preferred.
 Pools became active in a number of specialties in which favorable de- velopments are believed to be pend ing. Amusement shares were the first to show evidences of group strength, the rise in that group being accelerated by active short covering. Warner Pictures A was the leader. Despite reports of a seasonal falling off in business, the motors received good support, one block of 1000 shares of Chryslcr changing hands at 35 7-S. Food and farm implement shares also were heavily bought. Publication of August earnings reports, several of them of a record break ing character. infused new strength into the railroad shares, with the Van Sweringen issues again in the vanguard Of the advance. Chesa- pcake < Ohio common and Pere moved up to record high levels in the first half hour of trad nS.
 Fortified by easier monetary con- iitions and the resumption of a big buying campaign in certain special ties, prices forged upwards despite intervals of selling in Chesapeake X Ohio, pullman. international com bustion engineering. American Cudahy Packing and Co.,, which lowered them 1 to points. Advance rumely pre- ferred scared 6 3-4 to 65 3-4, a new high price for the year. Warner Brothers pictures was up 6 points when it touched 59 IA, and Norfolk & Western at 167 1-2 was , points higher and within F point 1f the years maximum figure. Abundance of money caused a re- luction in the renewal rate for call