New Britain herald., 1930-11-20
Stock Market Takes On Bullish
 Hinge as Prices Push Through to
 New High Ground for Recovery
Volume of Trading h. creases Moderately AL though Few Gains EX- ceed Point or Two.

New York, Nov. 20 tP-The stock market took on tinge of bullish- ness today, as prices pushed through to new high ground for the recovery which began 10 days ago.
 Few gains exceeded point or two, but the volume of trading in- creased moderately. Trading ap pcared to be largely professional, and operations for the advance ap- peared in the motion picture, mer- Chandising, and motor groups.
 Shares gaining : points or so in- cuded American Water Works, Byers. Loews, Westinghouse Elec- tric and Allis Chalmers, while to f points advances were recorded by Macy. Electric Auto Lite, Foster Wheeler, Motor Products and gulf Mobile and Northern. Among many shares gaining point or more were L. s. Steel, American Can, General Electric, American Telephone, Ma tional Biscuit, General Motors, Chrysler, May and Hahn Depart mont Stores, Grand Silver, SafewaY, Fox. Radio Keith, Columbia Grapho- phone. North American, Consolidat- cd Gas. Air Reduction and Union Carbide.
 The days news included General Motors October sales report, show ing sales 10 domestic consumers of 1I nf no D month a year ago. It was notable, however, that sales to dealers were little more than half sales to con- sumers. showing further reduction of dealer stocks in the companys program Of reducing inventories ,o rock bottom foundation. The motor ir dustry has been steadily putting it's house in order to take advantage O. such improvement in demand as may develop after the turn of the year.
 Wheat Holds Ground Efforts to stabilize commodity prices seemed to be encounterlng obstacles in some instances. One first hand copper dealer was said to have offered the metal as low as 10 1-2 cents a pound, while large producers still held to their price of I3 cents. Advcea from Amsterdam Contradicted recent Wall street ru mcr.s that a move was under way to restrict production in the Dutch East Indies. with the cooperation of the government The wheat market, however, maintained its improved tone, and Chairman Leggc of the farm board expressed the opinion that the wheat situation was work ing out satisfactorily.
 Corporate News included special dividends of S6 and extras of $l.o0 on both classes of stock of the Ala bamu Great Southern railroad, rep rcscnling a passing along of the special disbursement Of S5D share bv Queen and Crescent. Grand-Silver Stores announced a stock dividend Of per cent. and the manageme rent predicted that the years earnings per share would set new high rec ord
 ! Standard oil Of Kentucky an nounced an extra dividend of 70 cents, and Atlantic Coast Line or dored the regular semi-annual extra of $1.50. Underwood Elliott reported October exports 50 per cent above September. Murray Corp. reported current operations at full time, 30 per cent over October.
 Cigarcts Fall on 1 Cigaret production for October showed a decline of more than , per cent, but the total for the first ID months is still slightly above last year. Preliminary census figures in dicatad that cotton spinning was at about v per cent of capacity dur ing October, against B 1-2 in Sep tember.
 Credit remained abundant Call money was available in the outside market at per cent, and time loan rates were shaded little. The gov crnmcnt is expected 10 take adNan- ta-c of this situation with a large treasury offering within a few weeks.