OCR Text |
Show j I Daily 'Market Report : ' NEW YORK. Feb. 13 Resumption ! of trading on the stock exchange af-i af-i s tc-r the holiday was characterized by ' , further activity of special favorites. Theso were mainly represented by mo-i mo-i Idvs, oils and shippings although stan-'' stan-'' dar.l rails continued to weaken. ii 'General Motors. Pierce Arrow, Mexi -i' can Potroleum, American Internation- al, Marine preferred, Industrial Alec- hoi and Union Pacific were foremost ' in the 1 to 4 point reactions of the !, first half hour. Among specialties an eight point break In Endicott-Johnson was attributed attri-buted to the sudden death of the head of that company. Tho market continued to weaken during the nervous first hour under lead of General Motors and Crucible Steel, which reacted 10 to 11 points L reBpectivelj'. s- Among other Industrials the rever-. rever-. sal ran from 2 to 8 points, rails adding ; moderately to initial declines. Tobaccos, Tobac-cos, leathers and food shares were i weakest of the specialties forfeiting . 3 to 6 pointB. Oils and shippings featured a rally of 2 to 5 points toward noon, the street ' evidently taking a hopeful view of the conference between the president and ' the railroad employes. Call money opened at 7 per cent and foreign exchange was firm. , tallies in which many leaders made , full recovery occurred "on the short rebound at midday. Among oils and shljipings the advance cancelled most earlj' losses, extending to levels where actual gains of 2 to 10 points wero recorded. re-corded. A six per cent money rate and further strength of exchange were helpful factors. |