New Britain herald., 1926-10-20
MARKET TODAY IS
 FIFTY.FIFTY ONE
SpeculatOTS for Up and Down
 Are About Even

New York. Oct. 20 P)-Alternat,
 periods Of weakness and strength
 characterized todays stock marke as opposing speculative forces strug
 gled for control. Honors were abour
 even during the greater part of the
 session. the uncovering of new weak spots among the specialties by beal
 traders being offset by the appear.
 ance of stronger buying power fol some of the high grade industrial: and specialues.
 Outside Of the terrific wind storm in Cuba, which is reported to have done considerable damage in Havana and several of the smaller towns and q slight lessening ia steel actjv- ity most of the days news was favorable. Money continued in plentiful supply at relatively low rates. Good quarterly earnings statements were made public by Republic Steel. Midland Steel Prod ucts, and q few other companies.
 Weakness Of some Of the special ties lent color to reports that pools which had been operating in those issues were forced to liquidate their holdings.
 An attempt was made to rally the market in the early afternoon by bidding up U. s. Steel common. Gen. eral Motors. Mack Trucks and some of the other popular industrials which had borne the brunt of re- cent selling pressure. U. s. Steel was bid up about points above the morning low, Woolworth was lifted 3 points and Montgomery Ward 4. Selling pressure was renewed against several of the public utility stocks, particularly American and Foreign Power and American Power and Light.
 Wall Street Opening
 Stock prices moved irregularly lower at the opening of today's market. Selling pressure was re- newed against a wldo assortment of lndustrials, but the rails received better support on the execution of q large volume of overnight buying orders in that group. Most of the changes were fractional in charac- ter International Cement sagging to . new level for the year. General Motors opened unchanged but U. S. Steel common opened with block of $500 shares at 1855, off Is.
 Mixed price movements during the early trading reflected the struggle Of opposing speculative forces for control of the market. In the first outbreak of selling, Com ncrcial Solvents B and Pullman each broke points and Coca Cola, Typewriter, American Car A Foundry, Butterick Publish ng, Lehigh Valley and several oth- ITS fell back a point or two, with American Linsecd, Gulf States Steel. Fairbanks Morse and Park and Til .ord, touching new low levels for the year, [. s. Steel Common sank to he lowest price since last June and General Motors duplicated yester- lays low, but strong buying sup ,ort made its appearance and car jed both issues above yesterdays .nal quotations. On the rebound, | 'ase ThreshinE and International . quickly rallied points,
 With the exception of Sterling, which dropped to new 1926 low t S4S4 S-8 for demand bills, the oreign exchanges were firm and french francs rallied within a few oints of 300 cents and Italian lire ouched a new high for the year at .29 cents.
 The forenoon market was largely
 succession of advances and de- lines in which the swings in some f the high priced shares were un- sually wide. Rallies were availed of or fresh liquidation and short sell 1g but when the declines began to ake on formidable proportions in ertain stocks, supporting orders ere rushed in to check the break, fter rising 3 F to SITE, went down ) 31OiS. U. s. Cast Iron pipe moved p F to 197 F and then lost it all. ontinental Baking A crashed 715 ) +, new low figure for the ear. U. S. Steel got down to 134 S-S nd General Motors to 142 1-4. both nder yesterday's low prices, The enewal rate on call loans was un- hanged at 4is per cent,
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