Show fAVORITES OF LIST LISTY WEAKEN Inactive Shares Brought Out In Widening Demand I NEW EW YORK AUK Auit 28 Con 28 Con Contrasting I tra price movements again characterized today's stock mar mar- ket American Amerian Can and ind a num num- number number number ber of oC other recent recent speculative fa favorites fa- fa yielded to selling pres prea- pressure sure but bullish operations con con- continued continued urI In a n number ot oC the pipe steel ste l. l motor equipment and ship ship- shipping shipping ping shares hares Total sates sales lales approximated approximated approximated mated shares With fears fers of oC an nn Increase In the v e York federal reserve reser redis redis- rediscount rediscount rediscount count rate allayed for at nt least a 3 week w ek and additional reports of business ament operations for the thc rise were resumed with confidence at the opening Gen General General eral eal Hallway Hal a Signal opened fiva fv points poInt higher Chrysler three and American Can Otis Steel pre pre- preferred ferret and American International Inte ferrer corporation a point each Amer- Amer I Lian Waterworks sagged sg ed a a. a point The Tho anthracite decision to suspend work on September 1 I was 1 disregarded as S a market fac fec- factor fector tor the general list swinging up upward upward ward ard on a resumption of oC pool pod operations In over a a. a dozen widely diversified issues Chrysler Crysler scored score another sensational advance ance of t g 8 1 points by touching a new record high at 4 and Mid Mid- Midland Midland Ic- Ic land Steel preferred Mack Trucks White Motors Motor American Car Foundry and ami amiN N w w York Shipbuilding their early tarl gains to two points or more before b ore the end of the first firsth frt firsth h ht h f hour Products moved up a point on the he directors directors' decision to retire outstanding bonds and good buying also was noted In Allied Chemical C Teal real International Harvester i Pullman lm Jordan Air Reduction dU I and Pierce rc r Rails R I were rather quiet although Frisco com corn common common cornmon mon quickly advanced to tp a new high record There were a few fow soft f spots spot Cuba Cane Sugar pre preferred sinking to 0 a new 1925 low foreign exchanges opened heavy hea demand sterling ruling 3 of of a cent lower lo er at 85 and French fanes f anca yielding slightly to cents cents now w. A sudden udden bear bear drive against merican Can and General Rail nail Railway way ay Signal which drove e thesa thess stocks down 7 and 10 points respectively from front their early highs led to heavy hea profit taking 1 m other high priced speciality which turned the general course ot of prices pries downward around the thena nd na of the first hour General Mack ack Truck United S S. ales Cast Iron Pipe lipe Sears Roe Sears ui u I K K Woolworth and United cs Os o Realty Realy fell fel back 2 to 4 pc Pt its ts ts from their early highs high II w h more moderate recessions King Ing place in other parts of the it 1 Bullish operations were no iio no together abandoned however owen r. r Midland Steel Products preferred soared 7 1 points to 15 and an an OTis Ori Steel preferred 6 points In n response to merger rumors rumor while the Commercial Solvents Sol Issues Gabriel and Drown Crown Shoe Shoo we wee ee e e marked up 2 to C G points I am alt aJL money mone renewed at 4 pr p r ant BUYING nUY G S Ordinarily inactive c shares loom loom- loomed loomed loomed ed into prominence in the afternoon after after- noon licon when some of the popular k- k kies ies cs began egan to gather renewed st Southern Railway pre- pre red ere Chicago Northwestern preferred Pittsburg Terminal f C oat oal National Enameling Enameling- 1 and New ew York Dock were wee outstanding Instances of oC the tn ad th of the movement Southern Railway preferred touch touch- touched ed 64 94 9 the highest since 1907 lItOT and andSt andSt andSt St Louts LouIs San Francisco reached a n new record figure The closing cosing was as irregular Heavy He buying of oC Atlanta Birmingham ham A antic which was run up about two points and an increased IncreasEd de demand de dc- nand mand for the pipe shares he the late trading |