New Britain herald., 1926-03-16
BEAR SELLING ON
 MARKET FEATURE
But Stock Prices Forge Ahead
 Notwithstanding

NOW forK, March 16 P,-Stock prices forged steadily ahead today despite the renewal Of bear selling in the food and merchandising groups. Over 70 issues had ad- ranced to 8 points above yester- days closing prices by early after. noon with the rails, steels, motors and oils giving the best demonstra. tions of group strength.
 Prospects of easier money rates and more favorable dividend an. nouncements as q result of the pub llcation Of several unusually good 1925 earnings reports encouraged resumption of pool operations in many issues Ward Baking F was again the principal target of short selling, breaking IA points to 49i@, new low record for the year. Fl"ischmann company, Cushman, Postum Cereal, National Dairy Pro- duets, krcsge Department Stores, S. s, kresgue. Woolworth and Mont gomory Ward all sagged a point or more.
 Trading in the southern railroad shares quieted after yesterdays furry Of selling on unfavorable ru- morrs regarding the Florida land boom, with prices relatively stable. Buying of the motors was stimulated by the optimistic statement on cur. rent business by the head of the General Motors corporation.
 Wheeling Steel reports net profit oF s4.07S.295 for 1925 against SS65,ll0 the year before. This is equal after s per cent preferred dividends and 10 per cent preferred B dividends, to s3.S9 share on the S39,470.594 common stock, compared with sS.14 d share on the combined s2T519,S14 A and E preferred stock in 1924.
 Music Master corporation re. ports g deficit Of S420,71S for 1925 after deducting costs and expenses, including advertising expenses of $6S9.S2G. Net sales were sS,617.- Ol2.
 k' Hoe and company, manufac- turers Of printing machinery, had less profitable year i'll 1925 than l9-4 net profit amounting 10 sS.- 'Sf compared with $729,SSO the year before. This was equal 10 four cents a share on the Class A shares aga>nst $9.12 share in 1924 if ap- pied directly 10 the Class A stock ana under the participating provi- sion Of tho shares to s6.O4 q share on the A stock and S2.04 on the no par common. Profit and loss surplus at the close of 1925 wa. S1,S4$.0S1.
 Wall Street Opening
 Inc recovery ill stock prices. which Set ill just before the close yesterday, vas continued at the openlnS of today's stock market, Oils were again in good demand under the leadership of General Asphalt and General Petroleum. Katy preferred responded to the higher dividend by advancing 1 1-4 points on the first sale. and tho common advanced a point. Dela- ware and Hudson opened three points higher and Famous Players 2 1-4.
 Buying orders were spread over a period list with the oils, motors, independent steelS and specialtics giving the pest demonstrations of group strength. The demand for the rails was limited although Southern Railway, Frisco common, Missouri Pacific preferred and Read ing advanced q point or so. Gen. 'cral Asphalt preferred extended it's gain to 4 points before the end of the first half hour, the common to 2 and Maracaibo. Producers and Re liners, and Colorado Fuel moved up Ia point or so.
 Mack Trucks. General Motors, Hudson, White. Stewart Warner and Fisher Body werJ the early leaders in tho automotiNt group. Pool op- NIdtOHS Wttb dSdll cNlufll III lue spccialties, Allied Chemical, Interna- tioual Harvester, General Electric, Du Font aui American Can all shaving gains Cf 1 to nearly 3 points. Foreign exchanges opened irregular. Demand sterling ruled unchanged at $4S5 1l-16, and French francs were slightly tlrmet al S.61 cents. Belgian and Nor wcgian curreucics were heavy,
 Efforts 10 start q general decline by pressure against Ward Baking E, Foundation and several other specialtios were defeated by q vigorous buying demonstration in the motors and miscellaneous is- sues. Foundation fell 3-S, Ward Baking E 3-4 10 52, and Gimbel Brothers IA 10 5S, both new minimum prices for the year. Gen oral motors was lifted 2 5-S 10 1&0 1-4. General Asphalt rose ; IA, L. s. Cast Iron Pipe $-i, DuPont {: S-4. American Can 2 1-2 and Stromherg Carburetor and Union Rag and Paper .. The renewal rate on call loans was unchanged at {