New Britain herald., 1930-11-06
Market Braces Against Further
 Selling Flurries, Making Several > Half Hearted Forward Attempts
Weakened Massiasl Ac- counts Jettisoned in the Early Hours of Today's Selling Session.

New York, Nov. s R - IT c stock market braced itself against further selling flurries today, and even made a few half hearted attempts to push forward.
 The drop into new low ground yesterday appeared to have caused considerable JettiBoning of weakened marginal accounts in the early hours of today's session, but only the util- ities and specialties were driven much lower. Pivotal industrials were firmly supported. Trading to expand on declines, and contract on advanc- es, however,
 sag to New Lows
 In the utilities. American Water Works, C consolidated Gas and Amer ican Power and Light sagged to 3 to new lows for the year. and nearly a score more recorded new minimum. prices with small CT losses, but pronounced rallying tendencies appeared after noon. Several of the rails also sagged into new low ground. and this group showed lit tie inclination to recover. Such in dustrals as American Gun. U. s. Steel Dupont, Loews, and National Biscuit sold up l to :, and Allied Chemical more than ,. Burroughs mounted 3, also. Eastman dropped 1-9. tl,en recovered. American Tel cphone touched a new low at 1sg Tfs, then rallied.
 oh oi& stA cs1o Q continued to show improvement over September. Woolworths October volume was IS per cent above the previors months. but fell 1 1-2 per 'eeut stort of 1929. A few systems showed gains over year ago, but this WIS largely attributable to in- creaSeu. units. Grand -shser showed Q gain of Is Is per cert over Oc- tober. 1929, but this yrar's figures includ' d the Canadian subsidiary. Merch tndising issues moved narrow ly.
 Petroleum Unsettled
 Dcv slopments in the petroleum industry reflected continued unset t!emcIlt. and Standarl Of x. J. touch d 51 5-S, a new low. Simms Petroleum omitted the % cent quar- terly dividend, and reported a small dcGci. for the third quarter. Fur ther reductions in crude oil and gas olinc prices were reported, with crudg now the lowest In 15 years in some instances. The weekly produc- ton statistics showed a further cut in cInde output, but gasoline stocks cont nued to gain, showing an up- turn Of 5SA, 900 barrels for the week. ConJ Jitions in the industry appear to i he promoting consultations. Texas Cori,. has made an offer for Indian Fefisirr and Tidewatcr Associated i5 negotiating for Richheld The weekly bd'hins statistics showed a small drop from the pre- Nious week. Contracts let in the states east Of the Rockies in the week ended October 31 aggregated s5.,2S61Oo. or s2.43S,400 less than the previous week.
 Call money was a little iirmcr in undcrtonr, the official rate held at per Ctll, but Ou(Siue olleTlhSS dt concessions were sc2rccr than they have been of late. ref1ecting the No vcmber l credit requirements, which arc unusually reflected few days after the first of the month.
 The Bank of England made no further reduction in it's discount rate of 3 per cent. although there has been some talk of it in London. Governor Harrison Of the New York federal reserve bank is now on his way to Europe. and Wall street eX- poets that any change in the Bank of England rate would now be de ferred pending his interview with Governor Norman.