New Britain herald., 1926-08-19
RAILROAD SHARES
 MUCH IN DEMAND
Generally, However, Market Lacks Uniformity in Price

New York, Aug. 19 0P) -- Price movements again lacked uniformity in today's stock market, persistent liquidation of several of the stan- dard industrials being offset by brisk accumulation of a number of specialties and rails. With call money reported to be available in the outside market as low as 4 1-4 per cent as against the official re- neWal rate of Az and business re- ports in the main favorable, pools resumed operations in a wide assort- ment of issues.
 Chesapeake and Ohio led the ad- vance in the rail group by crossing l54 to new record price. Buying of this issue was accompanied by reports that minority stockholders, who are opposing the Van Swering- on mergen plan, are demanding d price over s200 share for their stock, or 12 per cent dividend guarantee, passing their claims on the high earning capacity of the road which is expected to show S25 or more a share this year. Mis- souri Pacific broke through to a new peak for the year and substantial gains were recorded by a number of other class l carriers.
 Such recent favorites as L. S. Steel common, General Motors, Du- pont and L. S. Industrial Alcohol appeared to be in large supply on every rally but the reactionary ten- dency in these issues did not have construction operations elsewhere. Oils point upward despite reports of an easier wholesale gasoline mar ket in the middle west and a cut in certain grades of Texas crude prices. General Asphalt common and pre- ferred touched new 1926 highs.
 The demand for railroad equip ment shares reflected the large in- quiries now being put out by some of the large railroads, New York Air Brake being elevated to new 1926 peak price. Merchandising issues responded to reports of marked improvement in the mail order and retail trade.
 Wall Street Opening
 Buying of representative railroad. motor and oil shares imparted a firm tone to stock trading ct the opening of today's market. Pierce Arrow issues, Mack Truck and leld- son Motors continued to lead the recovery in this group while Ches- apeake and Ohio and Norfolk and eWstcrn were in the forefront of the advance among investment rails
 Reports made to President Cool idge of nationwide prosperity as demonstrated by the barometer or mail order sales, were faNorably re- ceived in the stock market and were instrumental in the resump- ton of active buying for both ac- counts. Both chain store and mail order issues took an active part Tn the early upturn of prices. Special prompted renewed bidding for Mack Trucks, Pierce Arrow preferred. General Asphalt and Tobacco Products, all of which reached the highest levels of the current rise. Prospects for q re- vision of class rates in the west, with the steady expansion of the crop movement, stimulated buying of the grain carriers, such as Chicago and North Western and Pere Marquette. |. s. Steel and other recent leaders continued to lose ground.
 The buying movement was so broad and confident in the forenoon that weakness in several of the in shares, virtually passed un- noticed as a market influence, L. S. Steel went down 21a to 152 1-4, the lowest since it began its recent set back. General Motors lost similar amount and Mack Truck relinquish- ed all of it's early advance. Oils spurted up briskly and the Southern and Southwestern railroads were ac- cumulated on large scale, Missouri Pacific touching Al F and Chesa- peake and Ohio 154 S-S, both new tops for the year. The renewal rate on all loans was retained at fl F per cent.
 HiPh low Close