Show WALL STREET j TRADE HEAVY List Advance Ad But Bears Uncover a Pew Few Weak Spots NEW EW YORK June IS By By The Associated Press Major speculative Ep activity in today's brief brie session of oC the I stock market was as as again on the upside although the advance nd was vas as held in check by tho the usual sual weekend end realizing and the uncovering unco of oC few fow weak spots by bear traders Trading was sva In fairly y heavy volume Merger Jerger rails were again In the forefront of ot the dance advance Pitts PiUs Pittsburg burg West Virginia was wa bid up flee lice points with strength being shown by Pius Pitts- Pittsburg burg Coal and Pittsburg Terminal Coal A brisk inquiry also abo was present fo to forthe Issues involved In Inthe Inthe Inthe the revised southwestern merger plan a tentative draft drott of oC which has been prepared Lehigh Valley failed to maintain m Its early gain of oC 5 pots points Acute weakness of oC White Mo edo- Motors tors bra which broke broko several points to a new 1927 I low at 42 had hada a depressing effect on some of the theother theother theother other motors which have hove been pointing upward recently under the leadership of General Motors Colorado Color do Fuel had hada A quick run up in the tho last hour Pullman Case Threshing Atlantic Refining and International Nickel were The closing was wa firm Total sales approximated shares Unfortunately IY the tho season has not been a I t one for the progress of ot either the cotton or orthe orthe orthe the grain crops Harvesting of ot winter wheat In Kansas and planting of ot corn In the middle- middle west have lIa been delayed by excessive I. I Isho sive sivo rain The retail trade in at least of o the tho United States th s spring has been reduced by bythe bythe bythe the exceptionally low tempera tempera- tures TRADE BALANCE D. GOOD Our trade In May with the rest of ot of the world conclusively proves that thit we are not yet In any great danger from foreign competition and that not only are we wo receiving ing more more each month In Interest on dollar loans ons but have an In Increasingly In- In Increasingly increasingly favorable trade bal bal- ance On June 15 IS twelve differ differ- different different ent European nations n paid vary vary- varying varying ing sums into the United States treasury treasur on account account of ot obligations contracted during the war The surplus of oC the United States treas treas- treasury treasury treasury ury for the year ear ending June 30 will bo be approximately 6 whereas few countries throughout the rest relt of ot the world have been able to balance their budgets and if Ir so so by only a a. narrow margin t a tIt aIt It Is not surprising that with money easily eully available at low rates business requirements mod- mod crate erate the earnings of oC the leading railroad Industrial and electric light and power corporations well ell above dividend requirements there should be a a. continued feel feel- feeling feelIng feelIng ing of oC confidence in the stability of or the price list for tor stocks In spite ot of of- the many Indications that earnings in 1926 and the first quarter of oC 1927 may not again be duplicated In some years |