New Britain herald., 1930-04-25
Stock Market Shows Soft Spots But Major Speculative Activity Is
 Still On Upward Swing In Levels
Brokers Loans Increase Starts Some Selling - Motors and Steels Par ticularly Heavy - ,Utili- ties, Amusements On Bull Side.

New York, April 25 tP>-The stock market presented a rather>soft ap- pearance during the greater part Of today's session but major specula- tive activity seemed to be on the upside.
 Some selling came into the mar liet at the opening as a result of the large increase in brokers loans. and the restriction in the volume of fed cral reserve credit outstanding but offerings generally were we'll ab- soIbed
 Motors and Steels Heavy Heaviness was most apparent in the motor, motor accessory, steel and railroad groups, current earn l mugs of which have been making unfavorable comparisons with a year ago. Bullish activity was most pro- nounced in the amusement, public utilities, oils and few high priced specialties.
 | Corporation earnings for the first quarter made up large part of the
 
 Note, kelvinator, Bush Terminal, Chicago, Great Western and Maine Central showed increased earnings per share over the first quarter of last year while Bethlehem Steel, Michigan Steel, Independent Oil X Gas, Congress Cigar, Union Carbide, St. Louis, San Francisco & Pere Marquette made unfavorable con- parisons.
 Foreign buying of copper contin. ues in fair volume but the domestic demand is quiet. Union Firm reports that copper was being offered fol F a pound or half & cent below the quoted rate, has tended to keer domestic consumers out of the mar. ket except for immediate require ments, but there is a growing feeling in Wall street that producers will make no change in the 14 cent ratt until a thorough test of the marke has been made. Utah Copper broke , points to new low at 190 but tho other coppers held relatively firm While trading in stocks remain! fairly heavy, much of it is believed to be of a professional character. Op erations for the advance arc being conducted in number of specia stocks earnings of which apparent. had not been affected by the stoci market crash and the subsequen business depression.
 Call Money Drops
 Call money renewed at 4 per cen but again dropped to 31a Ingersol Rand broke nearly points, Auburn Auto and United Aircraft sold near ly 5 points lower and Cutler Ham mer, Electric Auto Lite, Youngs town Sheet S5 Tube, Detroit Edison Underwood Elliott Fisher, Advanc Rumely preferred and Canada Dr, yielded ? to 3 points.
 Congress Cigar, National Casl Register and Republic Steel (new touched new low levels for the year
 Nanadium Steel scared g point and Worthington Pump ran up t a new high at 162. Eastman kodal was marked up more than 8 point to new top at 254; J. I. Case sol 77. points higher and A. M. Eyer advanced 6 to a new top above Ill
 American Tobacco B, Public Serv ice of New Jersey and Brookly1 Union Gas each advanced point } or more.
 Consolidated Gas, Shubert Thea ters, Foster Wheeler Fox Film Houston Oil. Standard Oils of Cali fornia and New York, Gimbel Bros pfd, Columbia Graphophone, Vic Chemical and Pathe A, all attaine new 1880 peak prices.
 THE MARKET AT 2:3O-3:OO P. Nj
 Sales to 2:10 p. m.-3,691,50