| Show BEARS FORCE STOCKS HIGHER Utah Copper Advances Steel Shares Respond to News NEW V YORK July S. S S. cu Speculators tore Ia-tore for tor the advance continued In itt control of the frice movements mo in today's stock market n Cop Cop- Coppers Coppers Coppers pers and steels were particularly responsive to better trade news new American Smelting selling at nt Its Us highest prier price since 1917 Motors 1 were heavy Total sales approximated mated shares UP ItU Stock prices surged sur forward In nother outburst ot of o bullish en- en at the opening q f today's ock market New lC peak prices were ere established In it II the tho first few tew minutes of trading by b Robert Bets Hels Electric Power I ates and American Safety Hazor Razor Initial gains of a 1 point or more were recorded by b Jl R. H. H Macy facy American Can International Tele Tele- phone Balwin and anti U. U S. S Rubber HubLer General Motors a responded 1 to the announcement of ot the tho Yellow Cab merger by moving nosIng up to a new top at 86 16 c dis- dis Buying orders were agaIn over a IL L broad list with pools resuming actively on ois a largo large lall e alo ale on the prospect of ot a con con- continuation continuation of ot easy money rates raIls and I indications of ot good business this all Halls strengthened on re reports re- re reports reports ports that car loadings for the week eek ended June JUlie 27 were nearly cars above the correspond corresponding ing nJ in week last year Atlantic AtI Const Coast Line 1100 L leading the early advance ance In inist lat group Additional new highs were wre recorded before the end of ofIe ic to first half hour by b Products American Radiator Continental Can Con Vanadium Steel nd Wheeling Lake Erie Havana Electric soared six points on a few sales MIls and General Mo Mo- Moors Moora fo- fo Renewed ors ora quickly crossed 87 17 heaviness cropped out In tn Mack rucks and Universal Pipe pre pre- Foreign Forc exchanges opened irregular Demand sterling held irm irni around and French francs around 4 6 c but Belgian ranca ami Italian Hallan lire were heavy heay i Taking advantage antage of ot the strong I under current of Investment buy bu- buying burng I ing which was steadily reducing he floating supply of many high I grade stocks and the further easing easI easIng ing I of money rate rales operators s on j I he long side extended d ge their op op- o rations to a wide assortment of sues rues r- r ues during the morning Stand Stand- Standrd I rd Industrials were again In good mand I United States Steel Sted com corn common common cornmon mon touching on buying in in- by he the reported Improve Improve- Improvement Improvement Improvement ment In the steel sU 11 trade That will continue through July J 3 sly and August on a scale above e hat of ot the summer of ot 1924 Iron Ape o o says sas Is indicated as the ther r eel el trade enters on the second halt haIC of ot the he year ear The rapidity of the rise In some of the high hl h priced Issues encouraged aged ged profit taking by professional Havana Electric and lack Trucks tailing falling back three points point from their early highs and four Additional new i I highs were WE're recorded by Utah Copper opper Spicer Manufacturing pre pre- preferred erred and United States Ma- Ma Ia- Ia w ile American Radio International Telephone Stewart Stewart- Warner Varner and Copper ex extended ex- ex tended ended their gains two points or more before noon Call money renewed at 4 per cent and then dropped dropp to 3 Improvement ement in the statistical position of ot the Industry as all a result of ot the policy polley of or curtailed lon lion and the higher hi her tendency of the metal on a larger foreign do do- domestic domestic medic Inquiry caused the tho copper snares saares to raise briskly while va- va valous ious lous other tocks stocks were feeling the effect of ot extensive ex profit taking American Smelting advanced to the highest since 1917 when It touched United Cigar tores ores got over oyer early earl heaviness and moved mond up to to- n The closing losIng wa wall s-as firm Sporadic hung ca-hung In the late trading inter Inter- interrupted Interrupted but failed to halt hall the gen gen- general general general eral upward trend of prices Marked strength was wae shown In Vir Vir- Virginia Virginia ginia Carolina Chemical preferred United States Cast Iron Pipe Pipe United States Alcohol Fisher Body Dod and Sears Roebuck General Mo Motors Io tors torI and Yellow Cab turned |
