New Britain herald., 1927-09-15
WEAKNESS APPEARS
 IN STOCK MARKET
Active Bidding Noted for High
 Priced lnduStrialS

New ork. Sept. l5 tPt--A Ctlvc bidding for the high priced indus trial speCialties. more than a score of which established record high prices, against featured today's ac- tiV" stock market. The recovery was halted temporarily around mid day. when weakness cropped out in 2 few issuos. but was resumed with incrcaSrd Vigor in the carly aftnr- room when call money rate was marked down to T 1-2 per cent.
 Cotton sold down more than s3 bale on reports Of more faNorabl" weather. but part Of tho loss was recovered in tho sharp afternoon rally. Wheat future advanced cent bushol in the early trading, hrt heavy selling forced the price down cents below the early highs.
 Heavy buying of the General Mo tors issues. based on expectations of a favorable August sales report con timed 10 dominate trading The old stock was bid up nearly six points in new high record at 96S. as
 -tlilNl llI' N'ffI ipN VI 4Eb -, Reports that the New Haven and Pennsylvania railroads would be ir the market for large quantity of rails next year brought fresh huvinG into the steel shares, |. $. Steel common moving into new high ground at 15S 3-4.
 International Harvester scared 9 points to a new top at 236 and ac- tive bidding for Allys Chalmers sent that issue up nearly j points to new ma avimum at i1S. Among the many other issues to break through 10 new top prices for the year were Iigcctt and Myers \ and B. Rev holds Tobacco B. St. Paul common. Chicago Northwestern, Rossia In- surancc. Coca Cola and Julius Kay scr
 Strength of these issues was used as a screen, however. for liquidation in other quarters on the theory that inc rapid rise of the market this week had weakened ifs technical structure. Losses, as q rule, were confined 10 point or two.
 Operations for the advance were resumed at the opening of today's stock market The buying included q wide list Of both rails and indus trials. early gains of q point or two being recorded by Baltimore X Ohio Dupont Goodrich Rubbe' Hudson Motors and Mullins Body. American Tobacco issues mounted 10 new high levels, National Supply dropped points.
 With about sg00. .00U nON being distributed in dividends today. and indications of easier money rates within a week. operators for the advance continued to mark up were established in the first few minutes of trading by Coca Cola, American Radiator and Rossia In Surance, th" gains ranging from 1 10 ; points General Motors issues transactions in which comprised tbout one-fourth of the days en- tire volume of business yesterday, Were again a feature. The old stock advanced to new peak at 26S aa but encountered large offerings around that level, while the new st touched new top at 132 3-S The rapidty of the advance led 10 heavy protit-taking in the general list under the cover Of strength in inc high priced specialties. Selling pressure was renewed against Hous- ton Oil and that stock quickly sold down nearly $ points. Rails moved upward under the leadership of Foreign exchanges opened steady.
 Continuation of the recent eXtraor- dinary movement in several of the volatile shares appeared to arouse misgivings and there was steady outpouring of offerings while indivi- dual issues were making spectacular advances General Motors climbed "A 10 2GS 5-S, the new stock 2h2 10 1%4 1-4, Dupont , to 332 and Porto Rico Tobacco A IF to so, all new peaks. National Tea also jumped six points. General Motors aftcrward dropped back about four points when the heaviness of other shares became more pronounced. The renewal rate on call loans was reduced from 1-4 10 3%t per cent.
 THE MARKET AT 2:3O P. M.