New Britain herald., 1930-08-28
Wall Street, Upset By Week-End Of Unusual Length Due to Labor
 Day, Lets Market Look to Itself
Handful of Specialties Gain Several POints-HOustOn Oil Drops But Recovers Later.

New York, Aug. 26LPl-Specula- tive Wall street was distracted by the approach of the triple weekend holiday today, and the course of stock prices futtered vaguely in slack and apathetic trading, al- though the market maintained firm undertone
 Traders both short and long of stocks were anxious to close out their trading positions before the three-day suspension, and veteran traders rarely wait until the last day, Furthermore. many were anx- ious to leave town tonight, letting the market take care of itself to- morrow.
 The market sold off moderately for time during the morning, but soon frmed up. A handful of speci- alties such as McKeesport Tinplate, Childs, Mack Truck, Cutler Ham mer, Mathieson Alkali. and Real f points. The Electral Equipments, Merchandising and Food shares were firm. General Electric. Westinghouse Electric, Corn Products, Borden, Sears Roebuck and Macy gained point or more. L. s. Steel and Ra- dio moved very narrowly Huston Oil was driven down points on prospects Of curtailment of it's pro- duction under the Texas conserva- ton plans, but rallied a little later. International Telephone sagged to it's low, then ralled
 Long scale operators had to ab- sorb considerable profit taking. Fur ther bear prodding against suspect ed weak spots was in evidence. Al though price movements in the main, merely represented efforts of floor traders to kill time, there was decided inclination 10 keep the list steady to firm to prevent any dam age 10 the foundation of the better market that is widely expected after Labor Day.
 Trade News Scarce
 Business and trade news was meagre, but the more cheerful vein was maintained. Many traders were inclined to accept the slight im- provement indicated with conserva- tion. One broker compared the mar ket's response earlier in the week to that of "a starving man who trans lates a mouldy biscuit into a planked steak"
 Money continued plentiful, with call loans abundantly offered at , per cent Some bankers felt that eagerness to employ funds over the holiday might balance withdrawals for holiday currency requirements and prevent any appreciable firm ness in call money.
 Low Rates Help
 The low rates obtainahle in the money market appeared to be lead- ing 10 increasing investment of funds in dividend paying stocks, particu- larly some Of the best grade rails. Several preferred stocks were strong. Such flow of investment funds into the bond market as has appeared during the past several days usually flow over into prime stocks.
 The copper stocks were sold in some volume for a time, several reaching the lowest levels in con- siderably more than year. This proved not particularly unsettling, however, and pools which have been marking time for weeks appeared to be endeavoring 10 call attention 10 their favorites in preparation for post holiday activity.
 Business and trade reports indi cated that both retail and wholesale trade were showing some pickup. Electric power consumption as re- ported for the third week of the month showed a slight gain from the previous week.