New Britain herald., 1926-10-21
SHARP RECOVERY
 STARTLES MARKET
Score Of Issues Bound Up One
 to Nine Points

New York. Oct 21 CP-A sharp upturn in prices. accompanied by an unusually large column of trading took place in today's stock market. The recovery was the most impress sive that has taken place since the start of the downward movement three weeks ago. Scores of issues were bid up one to three points. with gains in a few shares running from five to nearly nine points.
 There was nothing in the days news 10 account for the sudden change of speculative sentiment With the borrowing demand for stocks to make deliveries against short sales reported last nigtt to be one of the largest on record, pro- fessional traders apparently felt that the market was entitled to at least a technical rally. particularly as many issues were selling from five to 25 points below their prices of month ago, with no rally worth mentioning in the interim.
 Y. S. Steel common and General Motors. which bore the brunt of the recent selling pressure also were prominent on the rebound. The sharpest gains were recorded by the high priced specialties such as Case Threshlng Machine. Dupont and U. S. Cast Iron Pipe, all of which ad- vanced five or more points in the first hours or two. Timken Roller Bearing was another outstanding individual feature, rising more than five points to a new high record for the year on buying influenced by the of recent railroad contracts.
 Buying of the rails was stimulated by revival of rumors that the re- vised Nickel Plate" merger plan would be made public in the next few days, Chesapeake and Ohio ad- vancing points and Nickel Plate" common 5.
 Wall Street Opening
 Stock prices rebounded sharply iu the opening of today's market with a number of the most inhu- ental shares giving impressive ex- hibitions of strength. Dupont open ed points higher and initial gains Of 1 to 3 points were recorded by Chesapeake and Ohio. Atchison. New York Central, Union Pacific, Woolworth, Radio and General as- phalt. Large blocks of General Mo- tors sold at the spread opening Of l4S to 146 compared with yester- days close of l43 1-2.
 The strong support for the mar ket at the outset quickly curbed selling activities and scramble 10 cover short accounts gave impetus to the forward movement. Indica- tions that the Chesapeake and Ohio minority would soon with draw its opposition to the Nickel Plate merger, coupled with renew ed investment buying of the high grade rails, enabled the carrier stocks to share market leadership with the pivotal industrials. More attention was directed to construc- tive news which had been disre- garded while the market was fin the throes of the recent selling at- tack, such as favorable third quar- ter earnings of many big compan- les and more generous dividend disbursements. Atlantic Coast Line jumped into prominence with D. point rally. Commercial Solvents recovered 4 1-2. and Nash Thresh- ing Machine 1. U. S. Steel, Sears Roebuck and Allied Chemical were included in the long list of gains from 10 3 points. strength of Italian and Norwegian 2urrencies, which sold around the years top prices, marked trading In the foreign exchanges. Other rates were firm.