New Britain herald., 1926-03-12
GENERAL ADVANCE
 IN ALL STOCKS
Wall Street WithStandS Bear
 Selling Activities

Now York, March io tPD -DcspIta intermittent protit-takine and bear selling, stock prices forged steadily ahead today with practically all groups participating in the advance. Early gains of 10 [ points wor. recorded by scores of rail eNd s dustral shares; with pool operations again playing an important part in ihr days trading, Delaware anu Hudson led the rail group by soar. ing over six points to l72 T-S, tho highest price since 1912, on buying influenced by reports that the coal properties would be segregated be- fore the end of the year. Other rails were bid up In the prospects of in creased dividends, which appear jus tified, in many cases, by the high rate Of curront earnings.
 |, $, Steel common crossed l27 on reports oi tradc improvement and Republic Steel was accumulated on the belief that dividends would bo resumed at tho next meeting of the directors. Pierce Arrow preferred jump five points on the announce ment that q large block of prior preference stock would be retired, and other motors advanced on tho retreat Of an ovcr.exteudcd short in t"rost. General Petroleum was lifted three points to q new high at Glls on Wcontirmcd reports that it would no absorbed by the Standard Oil company Of New York, or merged with one of tha California companies Federal Mining and Smelling com mon jumped seven points and Union Carbide S-S. A few soft spots de. N"loped. but they had no effect on tho main body Of stocks.
 Wall Street Opening.
 A decidedly irregular price move mtnt characterized the opening Of loday's stock market, profit taking and bear selling in number Of is- anes being countoracted by rosump- ton o: pool operations in others. Chesapeake and Ohio was quickly advanced lia points to 1S4 1-4. q new nigh record for all time, and General Electric and Allied Chemi- cal each opened 1ia points higher. Foundation company dropped 2 points.
 Spectators for the advance soon gained control Of the price movc- mon, with the rails and the stecls giving the best demonstrations of group strength, Delaware and Hud- son was bid up S'a points to 17o. the highest price since 1912. on ar- rival of Tumors of an early Scgrcea- ton of it's coal properties. Chesa- pcnk' and Ohio common and pre- ftrrod each extended their gains 10 : po,n;s before the end Of the first ha'' No1r "Nickcl Plate" moved up , aNd \ lan'ic Coast Line. Chicago NcF,1"r};rrn and l.ackawanna sold 10 nearly points higher.
 S,crls were simulated into activ- ity by reports Of substantial increase in orders during tho first part of March and predictions ot higher steel prices, Gulf States and Color ado Fuel being the early leaders in that group. Famous Players, Inter- national Comhbustiou Engineering and Pathe also recorded large gains. Dupont fell back 21s points and United Cigar Stores and Norfolk and Western 1 each. ForeiSu exchanges opened firm with demand sterling quoted around $4,S3ai. and French francs around %.G4 cents. Norwegian and Danish Krone each rallied 17 points to 2t,I9 and @6.27 cents, re- spectivejy.
 ss-currents developed later, bear operators sei1ing the opportun- fly to sell some of the industrials owing to the proponderancc of buy ing orders in railroad shares. Dela- ware and Hudson extended Its rise to 171&, Chesapeake and Ohio 10 1%5 T., Chesapeake and Ohio pre- forrcd 10 13G and Nickel Plate 10 1GS, these prices representing gains of 2& to 3 1-4. Buying of the southern steel stocks was stimulated hy a jump Of i'l in Gloss Sheffield. Commercial Solvents X dropped points, the B 6 and American Agri- cultural Chemical preferred four. The renewal rate on call loans was unchanged at 415 per cent.