New Britain herald., 1926-01-07
STOCK PRICES
 MOVING HIGHER
Pool Operations Are Started or
 Broad Scale

New York, Jan, R-stock prices moved upward today on a subsi- denco of recent selling pressure and resumption Of pool operations on broad scale.
 Call money was again in plentiful supply. tho stock exchange official II rate ruling around 1 per cent but outside funds being available as low as I-4. Stiffcnng gasoline and , crude oil prices and expectation Of , formal announcement of the . Barnsdall Waite Phillips Smms | merger early next week received ! speculative interest in tho oil shares
 Merger reports also stimulated ac-I tivity in the rails. Special strength of the sugar shares was in antici-
 patton of unusually heavy consump-
 ton of the product this year. Equip
 ments responded to reports of in- , creasing railroad inquiries while ru- , mors of the new supcr-nower pro- , jects and higher dividends formea , tho basis for much of the specula- , ton in the public utilities. General
 Electric, Phoenix Hosiery, Sterling
 Products. Westinghouse Air Brake
 and '. $. Hoffman Machinery sold . three to four points above yester- q days final quotations In the early
 afternoon. Pacific Coast company o which recorded sensational ad- F vance of 12 points in yesterdays late a trading, fell back points on realiz- 0 ing.
 Wall Street Opening
 Prices followed an upward course
 at the opening of today's stock
 market, with buying activity most
 pronounced In the copper and motor
 issues Initial gains of a point or ," so were recorded by American
 Smelling. Federal Mining common Is and preferred, Mack Trucks. Hud-
 son. Dodge Bros. and General Mo-
 tors. Baldwin was the only out r. standing exception to the higher t- trend, .r Larger dividend distributions hS D. many industrial companies, the sub r. stantial gain reported In railroad l. income for November and the pro lg gross of plans for a S100, 100000 ol st merger in the Mid-Continent fielC
 all combined to widen buying inter re est in the early dealings.
 CT Prices forged quietly ahead, witl IS almost a dozen issues selling at tn nn highest levels in more than year as These included General Asphalt Ill Consolidated Gas and Electric. leN C. spectacular movements developed 'ss although Woolworth spurted up fly
 points, United Drug F and gains Q Io' 1 to 9 points embraced Atlanti III Coast Line, Norfolk and WesterI n ,'- General Electric, Ludlum stee ,,e ne North American company, PostnI '' Cereal and Underwood TypeWrlte 'u' Fortign exchanges were steady, d'
 mand sterling opening unchanged
 $4S4&.
 Pool operators prosecuted the
 campaign for higher prices VII
 considerable energy in Varlo' ain shares, following the reduction in II
 rate for StanQlnG CdA io"'io to ip- cent. Equipment issues were in bris
 demand in anticipation of fur'h'
 large railroad orders, with the gel dor cral list giving evidence of considers ,.- ble reinvestment buying of hig tho grade railroad and industrial stock ,n. American Brake Shoe and Found' fin advanced 6 5-S, Manhattan Electric ssy Supply 1. and Delaware and Hudst Nr and Mathieson Alkali 3 points. tos The closing was strong. Mot
 shares continued to rise rapidly my the final hour. with heavy demar ar" developing for the low-priced issu ors such as Willys- Overland and Paig Q n Detroit. Investment stocks mea s l while followed the leadership of hit
 grade rails. Norfolk and Weste .. advanced more than points to t '' highest price in its history at 15S 1 . and Delaware and Hudson jump AT points to f 65. the highest level .ra more than ten years. Total sales a a. proximated 100000 shares.