New Britain herald., 1927-04-08
UPS AND DOWNS IF
 STOCK EXCHANGE
Rails Go Up While the Indus.
 trials Sell 0iI

New York, April $ lEo-The stock
 market Was a two sided affair" again today, with the rails climb ing steadily 10 Dew high ground.
 while the lndustrials Were inclined
 to sell off. There We're numerous exceptions in each group but ma jor speculative activity appeared to be
 on the upside. Trading showed & sharp reduction in volume. Marking up ol the call money rate to l-2 per cent, after the re newai figure had been fixed at T. reports of slight slackonIng in
 steel mill operations and q cut in automobile prices by one Of the smaller manufacturers tended 10 dalnpen speculative enthusiasm in the industrial group. The persistent demand Tor the rails, with new leaders brought forward every time the old tayoritcs showed signs of
 hatinG on proift-taking. was su- stained influence, however and un- doubtedly helped to keep short sell ing in check.
 New York Central sold above 15l for the first time in over 20 years, hansas City Southern touched q
 new top around 6l and Norfolk and
 Western, Louisville and Nashville Atlantic Coast Line and several oth- CTS sold 10 points above yester days final quotations.
 General Motors advanced ? points io within small fraction Of it's record high, but appeared to meet large volume Of stock around that level, |, s, Steel Common held fairly firm despite reports of a fur ther slackening Of building activity in some sections of the country several spccialties such as Com- mcrcial Solvents E, Butterick, By Products Coke and Case Threshing Machine recorded good gains. but American Telephone and some of the other recent favorites were heavy.
 Renewed weakness developed in Continental Baking A, Wilson com p&ny preferred, Cudahy Packing, Shubert Thcaters and American 1 Wooien Preferred.
 Wall Street Opcnin. Renewed buying of the high grade investment rails featured the irrcg- uiar opening of today's stock mar ket. New York Central. New York, Ontario and Western. Louisville and Nashville and Baltimore and Ohio all registered early gains of q point or so, the last name crossing Ilo to q new peak. Colorado Fuel and pan- American E also opened q point or so higher but Du Pont broke i points and Tobacco Products and h. ternationai Telephone yielded point or so-
 Spccu.ators for the advance main talned control Of the price move ment in the carly trading, being aid- cd by the steady investm, nt demand for seasoned dividend paying securi- ties. Continuation Of record -nreail- ing freight traffic and speculative hopes that recent wage increases would be followed by an upward re- adjustment Of rates in some sections of the country stimulated the de maud Tor the rails. Consolidated Textile vas bought in heavy volume on reports oi trade Improvement, crossing to a new high record. Commercial Solvents l. crossed 205 for the first time. Early bear selling was directed chiefly against the to- paCcoS, which were in rather free supply on runors of price cuts, and the foods, which reflected the omiS- sion ot the southern Diaries A divi- deud. Tobacco Products sold down more than points and Continental Baking X. south Porto Eican sugar, Great Western Sugar and Southern Daries A sold down q point or more, the mast named touching g new low. Electric Refrigeration also broke through it's previous low record. A sudden demand for Southern Pacific carried that stock up above ll5 to the highest price in several years.
 THE MAEkET AT 2:30 r. M.