New Britain herald., 1926-02-03
STOCK PRICES IN UPWARD MOVEMENT
Gasoline Increase Causes Shift
 in Oil Stocks

Ncw York, Feb. P-s,ock prices made further recovery in 10. days market uniur the stimulus ut easy money rates higher crude od aud gasoline prices ana rumorS ot higher dividends, The failure ol the coal conference to reach an agreement for the resumption ot anthracite mining brough, about some selling of the shares Of hard coal carrying railroads but had no apparent effect on the general list.
 With tAc advance in gasoline prices assuming nation-wlla pro. portions, oil shares were heavily accumulated. Although the weekly steel trade reviews reported little change m the situation, tho stcul shares appeared to be shaking off their recent Sluggishness. Gult States Steel and Otis Steel preferred and Sloas-shoHield each selling points above yesterdays final quota tions. Rubbers also gave d good demonstration Of group strength under the leadership of Goodrich. A brisk demand developed for Rem mston Typewriter on publication Of 't report that 1925 earnings would approximate $l6 a share.
 California Packing encountered heavy proht-fakiug after it's sensa- tional advanc" to d record top al l'1, sliding oI three points but offerings were well absorbed and most of the lost ground was quickly recovered. Higher copper prices stimulated the demand for American Smelling, which moved up points. Rails, as ground. did not par;ici- pate extensively in the advance al. though special strength developed in Canadian Pacific and Louisville and Nashville.
 Further advances in crude oil prices and Curtdiled production fail ed 10 bring response from the oil shares. although Associated and Pa
  citic issues were strengthened by re- ports that control of Associated had passed 10 New York banking group. Meanwhile the return of easier money conditions caused broadening of the demand for spe- cialtes and other stocks roputed 10 be under the guidance Of pool opcr- Iators. Early gains of l to points embraced California Packing. Amer ican Ice. Remington Typewriter, AL lied Chemical Gold Dust and Great Western Sugar. Disappointment over the failure 10 end the coal strike continued to find reflection in the downward trend of the coalers LaCkaWanna dropping a point and Philadelphia aud Reading Coal two points. Foreign exchanges opened lst"ady with demand sterling un. changed at s4.S6 IA.
 Gnconlrmed reports that the ah- sorption Of California packing by Postum Cereal had been concluded, lifted California Packing s points to | t75, a new high record and caused buying 1urries in other stocks in which favorable developments are reputed 10 be pending. The rubbers and Consolidated Gas were bought on large scale Remington Type writer advanced 1-2, Standard Milling and Air Reduction, Mack Truck, Texas Gulf Sulphur. Amcri- can Can, Nash Motors and L. s. Cast Iron Pipe to 3 3-4. Call loans renewed at per cent.
 Wall Street Opening.
 Prices continued to work higher at the opening Of today's market, extending yesterdays late upturn in rail and motor shares. Union Paci- fife and Canadian Pacific led the ad- vance in tho carriers but Delaware and Hudson broke more than three points in reflection of the collapse of the coal barley. Federal Mining jumped $ points and initial gains of l 10 . points were scored by Dupont, Hudson Motors. Associated oil, United Drug. Texas Gul Sulphur and United Fruit.