New Britain herald., 1928-02-09
RAILS MOVE UP IN
 T0DAY'S ACTIVITY
Follow Industrids to Slightly
 Higher LeVd

New York. Feb. . tH-After an early period of irreSulartty today. the stock market swung upward un- der tho leadership of the standard industrials. Lowering of the call money rate from { l.: to | l.t per cent. repovts of further improve ment In the steel industry and ex- pectations of . special dividend dis bursement by General Motors direc- tors after the close stimulated the buying movement which embraced q wide assortment of stocks.
 General Motors changed hands in enormous volume. climbing nearly {: points to around l3s. ss against q record price of l<l for the present stock established last year. U. s. Steel common was bid up more than , points to l47 on buying influenced by predictions of an unusually fav- orable steel tonnage statement at noon tomorrow.
 Sharp gains also took place In some of the high priced industrial specialties. International Harvester scared 8 points. Midland Steel Prod. uc1s preferred 2 and Case Threshing. '. $. Industrial Alcohol. American Zinc preferred American Republics, Westinghouse Electric and Con- tinental Can advanced { to s points above last nights final quotations.
 Rails which have been sluggish for the past few weeks in reelection Of poor 1927 earnings statements. moved forward with the industrials. although the gains were held to . point or two.
 New York, Feb. . R1-Prices were considerably mixed at the opening of the Stock Market today Agsres- sive buying was resumed In Consoii. dated Gas and American Can. fore ing them up to ls7 and 90 respec- lively. Tine first transaction in American Can was . block of lo.. GOO shares. Heavy profit taking de- veiopei in Montgomery Ward which opened points lower.
 Buying expanded somewhat in the subsequent dealings. carrying a number of stocks up 1 to 3 points. Motor shares were quiet in the early trading on the eve of tho General Motor dividend meeting. Montgom- cry Ward soon attracted support and recovered it's initial loss. Ameri- can Can soon extended its advance to S2. d record price and Consoii- ated Gas went on up to 1Ss. the highest in five years. Johns Man vile. newly listed, opened at 1e6. but quickly felk back to 1e3 1-:. Among the early strong spots with gains of points or more were Sears Roebuck. which reached a new high of s2 1-c. Wick Chemical, Victor Talking Machine. American Rail- way Express, American Zinc. Brook Iyn Edison and few others. Early weakness was displayed by Ameri- can Sugar. Freeport-Texas and Air Reduction, the last named dropping back 5 points. Foreign exchanges were somewhat easy at the opening but Sterling Cables were quoted un. changed around $4.S7 1-4.
 
 two-sided affair as bears pressed their advantage in certain stocks causing sympathetic weakness In re, lated issues. Vanadium Steel, Inter. national Paper. Radio and Greene Cananea Copper dipped to { | points. Meantime a number of se, lected shares were elevated 10 new high levels. L. s. Industrial Alec. hol touching fi7. the best In ter years. Adams Express rose almos, 10 points to BIO. Circumstantial re, ports of the formation of a new holding company to include tho loca gas and electric companies was be. hind the bulge in Consolidated Ga. 10 l3s <. The renewal rate for cal loans was unchanged at { l-9 pc, cent.