New Britain herald., 1928-04-03
BULL CONTROLLING MARKET ACTIVITY
Take Charge After Early Period
 of lrresuluity

New York. April , R-specula. .ors for the advance resained con. trol Of the price movement todd, i, after an early period Of irregular rity
 Early gains of the recent industrial favorites ran from to 20 points with a 30 point jump in Wrigh, Aeronautical as the big feature Raising Of the annual dividend or Atchison from t7 to 3lo stimulated activity in the railroad group. which joined the upward procession in tAt early afternoon. Trading. which had slowed up during the morning, pick, ed up on the afternoon recovery. While there was a tendency on the part of some traders to take profits in anticipation of the three day holi. day. pools had little difficulty in at- tracing a public following. Waite. P. Chrysler's optimistic statement OF business conditions and the outlook for the automobile industry and the increase in the Julius Kayser divt. dend had a bullish effect on sen,i. ment-
 The sensational advance ir Wright was attributed in some quar- ters to the urgent retreat Of a trap ped short interest and in others to
 open market buying for control Curtiss Aeroplane rallied Tn sym.
 pathy. climbing more than 25 points to new top at 92. Eastman Ko. dak, Radio and Rossia Insurance jumped 3 to 10 points and lnterna. tional Business Machines, Montana Power. Houston Oil. Fox Film A and American Or!ole sold { to 5 point, higher.
 Atchison and Pittsburgh < West Virginia led the advance in tho rail
 road group by climbing { and l.: points, respectively. New York Cen tral moved up 3 points.
 Wall Street Opening Confused price movements char acterized the opening Of todaya stock market Radio opened points higher at 1Ss and Nationa, Biscuit and Chrysler each showed gains of point Montgomery-W Ward
 dropped ? points on the first sal.' and General Electric and '. E.
 Rubber lost a point each. General Motors and |. S. Steel common opened unchanged at 1s3 1-t and l45 l-s.
 Heavy buying Of Radio, which wAs quickly pushed Up B. point, 10 le3 S-4. turned the general course Of prices upward soon after the opening. Wright Acronautical was marked up 6 points to 1os. as against low Of e3 on Saturday. and was followed into new high ground by Houston OH, Pan Amer lean Western B and Ludlum Steel. General Motors and Y. s. Steel common each sold point above yesterdays final quotations. Amcri- can International. Christie Brown and General Asphalt all sold points or more above their closing prices Of yesterday.
 A rather general belief that the stiffening call money rates were h. cidental to the heavy quarterly set dement's. and therefore temporary in character. helped to revive speculative confidence in the mar ket which had been shaken by fears of q credit stringency. Some concern was apparent over the vol ume of stock exchange member loans at the end Of March. which will be made public within | few dayA
 Radio was shuffled back tempo rarily to the ranks of the merry Wllagers' as the airpane issues trooped forward for bid at specu- lative favor. Wright Airpiane went higher and higher until 1t reached 112 1-4. a new record price and gain Of lc 1-4 points. Curtiss was a good second. climbing 1-4 to 74 7-s. In the railroads Texas & Pa- cifc. ordinarily a staid performer, vent up [ 1-2 to 1ss l-2. the high est prices recorded for a non -divi- dend paying railroad share. The re- newal rate for call loans was 5 per cent
 The closing was strong, Wright Aeronantical, after reaching 13o, took tail spin to 1l6 l-c. where 1t struck favorable current of buying orders and climbed to 12s. The market generally was stimulated by burst of active buying of copper shares lifting American Smeltine, Calumet and Arizona and Greene Cananea 3 to points. Reading sold around Ill while Texas and Pacific and Pittsburgh and West Virginia gained 9 and 10 respectively. Total sales approximated 5000. 900 shares
 THE MARKET AT c:3o P. M.
 Furnished by Putnam & Col
 High Low Close Al Che & Dye 1905 157a .6O1s m AH Cha nd