New Britain herald., 1929-10-25
POWERFUL RINGS BARELY MAINTAIN
 STOCK STABILITY
Continued on Page Two)

| during the same interval yesterday. AS the session wore on, however, the pace of trading began to catch up with yesterdays terrific rush. At 1915 the ticker quotations were G3 minutes behind the floor transac- tions, while at the same time yester- day. they were 6S minutes behind. Floor traders, howeve.-, had man. aged to adjust themselves somewhat to the huge turnover or shares, and there was noticeably less noise and confusion on the floor, although the shouting again produced a dull roar that could be heard in Broad and Wall streets.
 During the early afternoon trad CTS milled most excitedly around trading post No. s, where Montgom- ery-Ward is traded. This stock rose to $77.75 during the morning, a net gain of s3.75, then reacted to s72.25. Some Profit Taking Commission houses reported that there was considerable prcfit-taking by traders who jumped into the mar ket when it turned sharply upward late in yesterdays session. Traders i who were able to buy around yes 1 terdays bottom levels had profits of s10 a share and more in many stocks.
 | Furthermore, many holders of | stocks who failed to sell during the frightened rush of liquidation yester- ! day and late the previous day, had suffered from severe nervous strain ] and welcomed the higheI levels of i this morning to get rid of their 1 stocks, despite reassuring statements from leading bankers anG business executives.
 Heavy buying orders continued to pour into the market. Nevertheless, one commission house reporting that the great bulk of it's business dur ing the morning was in the form of huge buying orders for half a dozen of it's wcalthiest customers.
 Many Buyers Attracted
 The stability of the market in the early transactions attracted a huge amount of buying on the part of traders who have been waiting for the bottom of the decline, as well as considerable further selling by ner- yous holders who welcomed the higher levels to get rid of their stocks. During the first hour. how ever, buying orders continued to overbalance selling orders.
 Trading continued to swell in volume, the ticker falling nearly half an hour behind the market. The turnover of 1,22S,200 shares during the first half hour was at the rate of more than 12,000,000 shares a day, but compared with 1,676,30 shares during the first half hour of yesterdays record d-breaking market After long hours of gruelling labor lasting through the night, the Stock Clearing Corp. was able shortly be- fore Il a. m. to announce that clearings of all of yesterdays record breaking transactions totalling 12.-
 S94.6O0 shares, had been completed
 That all houses were able to make
 deliveries against their sales con- frmed the statement issued at the
 bankers conference at J. P. Morgan
 X co. yesterday that no stock eX-
 change houses were being pressed
 to the wall.
 Gains Average S2
 At the end of the first half hou1
 Of trading. gains in headings stocks averaged about s2. while several hai scored broader advances. A flood ot buying recommendations sent out [ overnight by commission houses brought a fair amount of buying
 orders, and but little more distress made its appearance. -.------