New Britain herald., 1930-08-04
All Speculative Groups Strive
 To Inject Life Into Slumbering
 Stock Market Without Success
Resumption of Automotive Manufacturing Activity Fails to Bolster Bull Cause Effectively.

New York, Aug. 4 P)-Opposing speculative groups took turns trying 10 arouse the slumbering stock mar ket today and the bulls managed 10 stir up flicker of life but achieve ments were modest indeed.
 Resumption of activity at the au- ton7otlve manufacturing centers and a slight acceleration of steel mill activity in the Youngstown area were reassurlng but failed to bolster the bull cause effectively Ira ading was about as sluggish as it was last week
 Reports of severe crop damage in the middle west buoyed up the grain markets, which helped stocks a lit tie The stock market however could not interpret the news very bullishly on the basis of information now at hand for unless the advance in grain IS sufficient 10 compensate for smaller crops, farm purchasing pow CT will suffer.
 Further selling appeared during the morning, when bears endeavored further to depress the utilities. Loss es Of point or two were numerous but hearish activity was rather tim i'd, and resumption of activity in Radio and few other shares by the group of bull operators who have been directing the forward movement of late, reversed the trend before midday.
 Public Cool
 Public participation in the mar ket remained negligible. however, and few market letter writers or ad- visory services felt justified advo- eating much but sidelines policy. Moody's pointed out that there is as vet no means of guaging the ex- tent of the expected seasonal re- covery in business. and standard statistics found the economic back ground distinctly unfavorable to large scale bullsh operations" The Harvard economic society continued optimistic over the prospects for business recovery.
 The revival Of pool activity in Ra- dio was accompanied by board room gossip to the effect that the first half report of the company. expect cd within few days. may not be as bad as has been forecast, Expecta- tions, are, however, that the com pany little better than broke even, and the market activity appeared to be based largely on the improved outlook for the remainder of the year.
 The bank holiday at London and Liverpool acted as a damper on speculative activity here. Credit was a little firmcr. refecting the infu ence of the return of August i pay ment checks for clearing. There vas some calling Of loans, and call money was firm at per cent. For eign exchanges moved uncertainty, but further gold exports were widely anticipated. Sterling cables are now close to S4.S7i2, and while the out going gold point has been calculated heretofore at about SASS, at least one international banker is planning a shipment as soon as the rate reaches s4.6712.
 In addition to radio, such shares as United States Steel. American Can, and Standards of New Jersey and California were we'll bought, rising a point Or more. American Telephone was taken in hand, now that the new has been completed, and sent up few points.
 Westinghouse Electric, Dupont, International Telephone, National Dairy, Vanadium, American Tobacco B, ,' Liggett and Mayors, Electric Autolite. United Aircraft. American Smelling and Atchison were among issues rising to points, Or more. Diamond Match was a wide mover, rising more than six.
 Warner Brothers was a. soft spot during the morning, dropping two to 8 new low at 334 then rallying q little. Directors meet for dividend action on Thursday.