New Britain herald., 1926-08-06
'SPECULATORS YET
 ]. SHOWING ACTIVITY
lnduStrialS Marked for DiVi-
 dendS Are Strong

1 By the Associated Press
 New York, Aug. 6.--A marked
 broadening in the demand for stock, featured the resumption of the up, ward movement in today's market High pricsd industrial specialties particularly those in which favorable merger or dividend development: are believed to be pending, were again the spectacular features, but increasing public interest was mani fest in the standard industrials and rails, the latter responding to re-
 ports of record breaking earninge for this season of the year.
 Further indications of current prosperity in many lines of indus try were furnished today by the in- crease in the annual dividend oa the common stock of the Standard Oil Co. of New York. the announcement that retail sales of the r. w. Wool worth Co. for the first seven months were 6.27 per cent above the same period last year, reports of increased employment in automobile centers and expanding operations in the steel industry.
 Losse- -Wiles Biscuit was the sensa- tional individual feature, soaring 1e points 10 new record top at 153 by early afternoon. Among the score or so other issues to sell four to 10 points higher were National Tea, National Distillers, Hudson Mo- tors, American Express and Ameri- can Brake Shoe and Foundry.
 Concurrent strength of several of the leading farm implement stocks started merger gossip, Case Thresh- ing Machine extending its early gain to 715 points while International Harvester and Advance Rumley pre- ferred each moved up more than four points. Packing stocks gath cred strength on reports that nego- tiations were in progress in London 10 end the price-cutting war in the meat business in that country and by the announcement that Cudahy earnings in the first eight months Of the fiscal year were substantially above those during the same period a year ago.
 Stock prices resumed their up- ward movement at the opening of today's market with buying orders widely distributed among the sugar copper, rail, steel, motors. equip ment public utility and food shares. Initial gains of a point or more were recorded by Remington Type writer, Atchison, American Smelt- ing and Union Bag and Paper. Case Threshing machine opened points higher at 170i2 a new high record and 1OS point above the years low.
 With the technical position of the market apparently strengthened by the reaction Of the last few days, operators for the rise experienced less difficulty in bidding up their favorites, The announcement that railroad traffic in the first six months was the largest of any cor period in history brought fresh buying into the railroad shares which had attracted little speculative for a week or more. Atchi- son and Atlantic Coast Line led the early advance in that group. AL though the market has shown a dis position to move independently |. of General Motors and U. S. Steel com mon, the leaders in the recent sen Sational advance, both those stocks continued to receive strong buying support. Amusement shares such as Famous Players and Fox Film A were bid up in expectation of profitable winter season as result of widespread business prosperity his year. The progress being made m the rehabilitation of French finances was reflected in an over night jump of about 20 points in French francs, which sold above 2ents for the first time in months.
 Purchases of 100 and 200 shares JUS uldut up lllS pulh ot ''lt aNtiNl's . n the forenoon with the demand an unusual variety of shares. The volume and character ,f the buying was pointed 10 by mar get observers as indicating an en- arged outside interest. the recent ! triking advances in some of the in 'luential shares exciting public imag- alton again. Atchison sold at 1d2 E | Ind Case Threshing Machine at 176. | he highest figures in their history 1 md over a score of other stocks Also | 'uled from 3 to 8 points higher. for business purposes aused an advance in the renewal | ate for call loans to 1-4 per cent. |
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