New Britain herald., 1927-09-23
MOTORS IN RISE
 0NSTOCK MARKET
Nash Bid Up to New High for
 the Year

New York. S"pt. 23 tP4-The stock market, which has been rather slug gish all week. pointed upward today on heavy buying for both accounts. There was little in the days luSi- ness news to influence the price movements, although the jump of s5 a bale in cotton futures on pub ljcation Of the governments ginning report had buIlish effect on sen timcnt.
 Speculative activity ccntarcd largely in the motors. Nash was bid mp 10 now high for the year on buying presumably influenced by the declaration of an extra dividend Of 90 cents. General Motors and som. of the other dividend paving shares of that group also were we'll sup ported, but Pierce Arrow preferred sank points to a new low for tho year at Al. General Motors new stock was traded in on q regular basis for the first time.
 Retention Of the f per cent call money rate over the weekend was expected in view Of the increase in brokers loans which incidentally was smaller than Walt Street had looked for, because Of the heavy @ nancing incidental to the conversion of General Motors stocks.
 Pools were again active in a num- her of specialties. New peak prices for thc year. or longer. were estab- lished by Cudahy Packing. Bethle- hem Steel preferred, Greene Canaea Copper, Dome Mines, Warren Bros. kelly-Springtield s per cent prefer rcd and q few others
 Sterling Exchange touched parity for the first time since June 30. 1926.
 Wall Street Opening.
 Stock prices opened irreeularly higher at the opening Of today's market. Baldwin. which was weak yesterday opened 212 points higher and Nash Motors showed an initial gain of 2 5-S. General Motors (oldl and |. $. Steel common opened un- changed at .6l and 15oa,. rcspcc- lively.
 Despite tho increase o' nearly S34, 800, ,000 in hroko ors' loans. prices soon headed upward in contrast to earlier sessions of the week when late selling movements were follow ed by morning reactions. Buying orders were distributed over a fair ly broad list but centered largely in the high grade automotivo and rub Ter issues. Goodyear and Goodrich ruhhcrs quickly advanced points each 10 new high records and Con- eral Motors old and now, .Mack Trucks and Timken Roller Bearing sold 1 to 4i2 points hicher before the end of the first half hour Spc- cial buying also took pl1cc in such high priced specialtics as Dupont, United Drug and Houston oil, but Baldwin lost it's initial gain despite President NauClain'S statement of letter business and increased opera tions. Calumet X Arizona also reached q new peal. "Rtar' traders continued 10 ferret out weak spots. Renewal of selling pressure against Willys Overland common sent that stock below S1i a sDaro to the low est l"vcl since 1925 and Murray Cor poration broke points 10 new tow for the year. Marine prcf,rrcl was another weak spot. FCroign exchanges opened firm with de- mand stering around St.SG SIG.
 Apparent confidence in the liqu- dated condition or the market as q result Of inc weeks sharp dcproria- ton in the prices of many stocks induced a resumption of vigorous bull operations on q broad scale. Dupont, International Harvester Warren Brothers. Calumet X Ari2o- ia, Commercial Solvents, Greene Cananoa Copper and Foundation Co. advanced to ai. points New York Central went up points 10 above 1GS. The renewal rate for call loans vas unchanged 1t i per cent.