New Britain herald., 1926-09-14
GENERAL LIST OF
 PRICES GOES UP
Selling Pressure Is Lifted, Caus-
 ing Rebound

New York, Sept. 14 Rl-selling pressure was lifted from today's stock market with the result that the general list swept forward. There was nothing in the days news to account for the sudden shift of speculative sentiment, but a rather general feeling existed that the re- cent reaction had sufficiently cor rected the weakened technical posi- ton of tn market.
 Although call money again re- ncWed at 5 per cent and the fed eral reserve report showed a slight increase in brokers loans for the week ended last Wednesday, the credit situation was no longer A cause of speculative uneasiness. The rapid absorption of recent loans, in- cluding the s15,000,000 government of Finland issue offered today, was accepted as proof of a strong under lying investment demand. Current earnings and sales reports continued to give evidence of business pros- perity in widely separated lines of business.
 Motors, which have been under pressure recently on rumors of fur ther price cuts and a falling off in sales, received better buying sup port. Mack Trucks, which has been under pressure for a week, opened 2 points lower at 112, but had ral- lied above 115 by early afternoon and General Motors was selling 5 points higher.
 Heavy buying of the amusement shares reflected the appeal made to the speculative imagination by the recent talking pictures placed on the market. Warner Bros. Pictures A, which sold as low as 12 earlier in the year, continued its sensational advance by soaring points to a new record high above 69. Fox Film. Pathe. Famous Players and Loews moved up to 4 points.
 Wall Street Opening
 Price movements were still con- fused at the opening of todays stock market, but the tendency seemed 10 be toward higher levels, rails were in better demand. Atchison showing an initial gain of l + points. Pools were again active in a number of specialties, Lambert touching new high record Some of tho low-priced to hn sure.
 The market gathered strength as the session progressed but the bulk of the buying appeared to originate with professional operators. Public utility, amusement, copper and to- bacco shares gave fairly good eXhi- bitions of group strength. oil shares were slow in responding to reports that third quarterly dividend pay ments of Standard Oil companies would set new high record for all time. American Sumatra Tobacco, Abitibi Power, Public Service of New Jersey and Manila Electric were bid up to new high tprices for the year. Warner Bros. Pictures A and FOX were bid up on expectations Of in creased earnings from the new talk ing motion picture devices. The first sale of Mack Trucks was a block Of $500 shares at 112, an overnight drop of 3 points. but it rallied point soon afterward. Foreign ex- changes opened steady, demand ster- ling ruling around s4.S5 and French francs around 2.SSia cents.
 All divisions of the market par, ticipated in the forenoon advance in prices. Bullish operations were encouraged by the apparent com- pletion of the recent adjustment of speculative accounts which paved the way for a new advance. Sue cessful pool operations in number of specialtics had considerable weight In introducing buying of other shares. Warner Bros. Pictures A continued Its recent striking up- ward flight, crossing 69 for rise of points. Tho renewal rate on call loans was unchanged at per cent.
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