New Britain herald., 1929-04-23
SCORE 0F STOCKS l HIT HIGH LEVELS
Broad Buying Operations Fea.
 lure Wall Street Session

New York, April 2s R,-Broad scale buying operations carried nor. than score issues 10 record high levels in today's stock market Ex- treme gains in the active issues ranged from l 10 8 points, with . few high priced specialties marke up 10 to 20 points in thin market The rally was slowed up in the earls afternoon by stiffening of cal money rates.
 Call money renewed unchanged at ' 1-2 per cent but advanced to 8 ir reflection of the growing demand fol funds as result of the increased speculative activity in securities Time money, commercial paper and bankers acceptance rates were un- changed.
 One of the features of the session was the opening sale of a block Of 100000 shares of Sims Petroleum a, 50, representing a turnover of $3.. 100000. This is believed to be the largest individual transaction ever recorded on the exchange although few smaller transactions have ex- ceeded it in dollar value. The sale was made to NJ. J Meehan, who was reported to be acting for a powerful new group in that issue
 Aviation and utility stocks were again in brisk demand. The avia- tion issues have been promoted by reports of expanding operations, with most companies sold out for some time ahead, and the utilities stlll respond to merger reports Consolidated Aircraft, Fokker. and Wright advanced points or so dur llg the morning. American Li4h, and Traction. United Gas Improve ment, a'd American Superpowdei issues were again prominent in the utilities, with some gains running from 10 6 points. lnternationa Telephone ran into selling, saggine fractionally bv early afternoon.
 Preparations Is Factor Failure of the reparations expert, 10 reach an agreement also tendef to slow up bullish activities. Hopt is still held out in New York bank ing quarters that an early solutio, may be found of this troublesom. problem and to date there has been no panicky liquidation of either German marks or German securities Except for the publication of an other batch of favora ble earnings statements, there was little else in the days news to influence specula tive sentiment
 A brisk demand for the chemical shares also attracted widespread at- tention. Recent accumulation of these issues has been based on the growing uso of chemicals in manu- featuring and oil refining activities as well as in agriculture. new chemical for the liquid cooling of airplane engines is reported to be one of the latest developments Of the industry Comm ercial Solvents was the leader in that group, soar ing more than 10 points to new 'lIhIi i''oiu us islt tdl Dolllt dI!h Allied Chemical sold at least points above yesterdays final quot D. tions and Un'on Carbide moved into new high ground.
 New peak prlCes also were cstab- NsheJ by American Telephone Adams Express Borg Warner. Bonn Aluminium. North American. Repub- lie Steel. Consolidated Film preferred Hershey Chocolate common and pre- ferred. Phillips Jones and New Ha- ven.
 There wera a few Soit spots. Amer ican Can, Bethlehem Steel Alle- gheny corporation. General Elec- tric, and Greene Cananea Copper Nhich had been prominent in the recent recovery. showed tendency 10 fall back on profit taking.