New Britain herald., 1926-01-15
BEARS AHEAD IN
 DAYS ACTIVITY
Public Participation However,
 On Small Scale

NV" ol N JhH' 10 "f-tIIuolH6 speculative forces struggled today 10 break prices out of the narrow trad ing area within which they have been tuctuating for the last fort night, with tho days advantage on the bear side. Except for q growing tendency 10 take profits on the ral- lies, so-called public participation was on a small scale, the bulk ot the trading being for the account of pro- tessionu operators Spectators for the declining succeeded in forcing reactions of 2 and points in more than a score issued. Intermittent rallies staged by bull pools in such issues as American International. Rock Island, Wabash and Nash Mo tors failed 10 hold. The general market was inclined to follow the leadership of I. C. Steel common, which broke below 133, as compar- cd with the recent subscription price of lS6 10 employees of the corpora tion, on a heavily increased turn over. American Can, South Porto Rico Sugar, Railway Steel Spring. Hudson Motors, National Lead, In tcrnational Combustion Engineering and American Brake Shoe and Foundry all sold 3 to 4 points be- low their previous closing quotations. Trading was in substantially heavier volume than yes; erday.
 Supporting orders soon made their appearance and the reaction was checked, at leGst temporarily, after Hudson had extended Its loss to 3 points American Smelling to 3-S and Chesapeake and Ohio 10 2 points. In the absence of any ad- verse outside news developments, tho decline was generally attributed 10 professional traders, taking adyan- tage of the markets weakened tech- nical position, and the apparent in- ability of operators on the long side to attract public following in their favorites. Independent strength developed in a few specialties. Porto Rican American Tobacco scared six points to So, new high record; Youngstown Sheet and Tube 1 advanced , points and Remington l Typewriter. Texas Gulf Sulphur and Frecport Texas advanced q point or SO. Foreign exchanges opened firm demand sterling ruling around 1 S4.S5 9-1G and French francs ad- vancmg 8 F points to 3.75i2 cents.
 An incessant flow of selling orders which drove prices of various rail- roads from l to A. points down and numerous industrials and spccialties from to 6, cmanated from bear spocul&tors and nervous holders of long 2tocl, who were liQuidating be- cause of lack of support for the representative issues. s. s. Kresgc 1cc'in@I @l 1-4 points to S49%. Du- point save way 6 and Atlantic Coast Line Alg. |. s. Steel sold at 133 3-S
 before supporting orders caused a rrbound of point. At midday Rock
 Island had been pushed up above 6C
 and there was a strong rally in pro
 gress in Norfolk and General Elec.
 tric Call loans were unchanged al
 4'2 per cent.
 Wall Street Opening
 Selling pressure was resumed at tho opening of today's market. Mo tors were again the principal targets for the attacks of bear traders, Will lys Overland and Hudson each opcuing point lower. Foundation Company dropped 2 points and losses of a point or more were recorded by Chcsareake and Ohio, General
 Asphalt, Cruciblc Steel. U. S. Real Lty and May dopartment stores.