New Britain herald., 1928-03-30
WALL STREET GOES
 ID HIGHER FIGURE
SpGuatoS for Advance Are
 in Control

stock market gave another demon stratlon Of strength today as buy ing operations were resumed in re cent speculative tavorites and a brisk demand developed for thu copper. public utility, rubber. steel and railroad shares. Ira ding show cd a marked expansion in volume with the ticker again falling far behind the market. Total sales in the first three hours ran close 10 a,5oo,oo shares With indications that the 4.oo0.ooo share mark would again be crossed before the end of the day.
 Little attention was paid to the increase Of about s46, 1000, ,o0o in brokers loans and the advance in the call money rates to per cent coincident with the heavy calling Of loans in preparation for month-end requirements.
 Radio was again the individual feature, soaring II 1-2 points 70 a new high record at lso on buying influenced by reports Of an over extended short interest. General Motors was again taken in hand and bid up 5 points 10 lao by early afternoon. General Electric jumped $ l-c points to l57 l-o. the high est price since the splitting up of the old stock several years ago.
 Copper shares were heavily bought on further increase In the price Of the red metal. American smelting, Anaconda and Calumet and Arizona all advanced four points or more, with gains of 10 5 points Of most Of the other non ferrous metal issues.
 Adams Express, which was weak yesterday. rallied l-c points and DuPont extended Its gain 10 nearly $ points. Among the dozen or so issues 70 move up points or more were American International. Brooklyn Edison. Consolidated Gas, Lambert, Montana Power. Park and Tilford, Union Carbide. Union Bag and Paper and T.. $. Rubber.
 Rails presented several points of strength, with S'. Paul common, Delaware and Hudson, Illinois Gen. tral and Canadian Pacific showing early gains of points or more.
 4 wild outhurst Of bullish en- thusiasm characterized the opening Of today's stock market. Gains ot to points were recorded by Ana conda Copper. Consolidated Gas General Electric, Radio. General Motors, Mack Truck, International Nickel and |. s. Industrial Alcohol the first three touching new high records. Montgomery-Ward opened points higher at 15S.
 Wall street was again surprised by the unexpectedly small increase ol about &46,00o.00o In federal reserve brokers loans after the wild specu. lation Of last week. Bear traders who had sold short on the theory ol q much larger increase. hastily GOV. cred their commitments when the pools began to mark up their favor. ties in aggressive fashion. There was a general disposition to regard the stiffening of time money and bank CTS acceptance rates as incidental to the heavy month-end demand for funds. and not indicative Of any permanent strain on the money market. Secretary Melons com ment that the recent heavy gold ex- port movement was not necessa rily disturbing to the credit situation helped to revive bullish confidence, as did the optimistic statement on business prospects of Secretary Hoover yesterday Radio was again the leader, soaring 5 points to new high record at ITS. General Motors, General Electric. American Interna- tional. |. S. Cast Iron Pipe and Cal umet X Arizona all advanced points or more before the end Of the first half hour. Ludlum and Simmons Co. were added to the lis, of new 1928 highs. There were n few soft spots. Dodge Bros. com mon opened with block of 10000 shares at q. off 1 b-s. and Barns dall A sagged IS 10 q new low a, 2i l-4 in reflection of the omission Of the dividend.
 New Stars blazed forth for while in The speculative Armament and commanded temporary attention from the traders. but through if all Radio and General Motors continued as the strongest beacons for the horde Of bull followers. Radio sold at 179 and General Motors at 19o L. $. Cast Iron Pipe reached 2o5. q gain of IS points. while numerous other industrials were up three to siA points. among the railroads st Paul. common reached 3i 3.s ths preferred 47 and Union Pacific la, 7-S all new peaks. The renewal rat, for call loans was unchanged at 4 S-4 per cent.