New Britain herald., 1926-07-29
TEN POINT JUMP BY GENL. MOTORS
Business Shows Marked Expan.
 sion on Exchange

sion on Exchange
 New York. July 29 R-Another sensational jump of about 10 points in General Motors, bringing the price close to s190 a share, over shadowed all other developments in today's stock market. The rest of the list rallied in sympathy, but the advance was not uniform, due to rather heavy weekend proft-taking and the uncovering of a few weak spots by bear traders. Business showed marked expansion in vol ume. running at the rate of more than two million shares a day.
 '. s. Steel common also received widespread speculative interest when it crossed 145 to a new rec ord price, with buying stimulated by reports that mill operations had in creased 2 per cent during the last week and were now close to 90 per cent of capacity. Sloss-Sheffield and several of the other independent steels followed in it's wake, but spe- cial weakness developed in Gulf States, which was selling nearly five points below yesterdays final price after midday.
 Coppers took on a new lease of life when American Smelting touched 120, a new high for the year. Sharp gains also were re- corded by a varied assortment of specialties. including Allied Chem ical, American Brake Shoe and Foundry. American Snuff and Tim ken Roller Bearing, the extreme gains running from 2 to 6ls points. Oils received better buying support, but met rather large of ferings on each rally, which presum- ably represented liquidation by tired and disappointed holders.
 With money still in plentiful sup ply and public interest in the mar ket increasing, pools started vigor- ous operations in a number of spe- ties in which favorable merger or dividend developments are reported to be pending.
 Wall Street Opening
 Bullish demonstrations were con- tinued with increased vigor at the opening of the stock market today in response to reports of heavy mid summer business and eXpendine earnings. General Motors again was the feature of the initial dealings. mounting points to a new high record around 1S2. while numerous gains of to 4 points included [. S. Steel, Cast Iron Pipe, Loose Wiles Biscuit and Congoleum.
 With speculative enthusiasm fam ned by the spectacular advances in General Motors and other leaders to new heights, the upward movement gathered momentum in the subsc- quent dealings. U. s. Steel sold within a point of the years ton price and most of the independents made correspondingly good show. ings. ref1ecting the extraordinary summer prosperity of the industry Motors, already fortified by satis. factory half year. began to antici. pate increased sales through the in troduction of new models after August 1. Among the popular spe- cialties which established a new high record were Texas Gulf Sul- .phur and Butterick Publishing. Rail shares moved forward slowly despite predictions that the June net of class one roads would exceed $l00.- 100000. Foreign exchanges opened steady, with French francs and de- mand sterling virtually unchanged.
 Prospects of a substantial dis tribution of stockholders. either il the form of extra stock or cash dividends, stimulated buying of Gen. eral Motors on a hugh scale, car. rying the stock up more than ninc points before noon. Dupont scored similar gain but both reacted slightly on profit taking. Buying orders were widely distributed throughout the rest of the list anc the volume of trading was the heav' fest in several weeks. Call none! | T I