New Britain herald., 1930-09-17
Indifferent Success Meets Move
 To Revive Interest In Advances
 On Stock Markets Transactions
August Foreign Trade Fig ures Show First Gain in Exports for Several Months.

New York, Sept. r P-Eforts to revive interest in a stock market advance met with indifferent suc- cess today. Several groups mani fested a willingness to go higher but buying activity was limited and shorts took their time about cover irg.
 The weekly summaries of condi- tions in the steel industry and the August foreign trade figures show in gthe first gain in exports in scv- eral months afforded some basis for mild bullish operations, although the report that steel production was only holding it's own failed to gen. crate much contagious enthusiasm. Moderate advances on a small vol tune Of trading in the earlier hours were extended later when the utili- ties were brought forward as lead CTS, and there was some strength in tho food shares
 Stocks like U. s. Steel, American Can, American Telephone, Consoli- dated Gas. North American, Ameri- can Water Works Coca Cola and Public Service of New Jersey i'm proved a point or so. Brooklyn Union Gas and Pacific Lighting gain ed two. Republic Steel and J. I. Case advanced nearly three and h. ternational Combustion Engineering preferred rose four. Ward Baking "A' scared eight poins. There was some selling in the rails, coppers and motion pictures, resulting in losses of about a point in Paramount Pulp lix, General Theater, Atchison, Southern Railway, St. Louis South western and kennecott. Atlantic Coast Line went to the lowest price since 1924,
 Iron Stands Still
 The Iron and Steel Reviews, re- porting little or no change in pro- duction averages during the past week, nevertheless found evidence that inquiry was improving and that the price structure was f1rming. Steel" said the improvement of the past few weeks was being maintain ed, 'superficially at least" and voic- ed a unanimity of opinion that the corner had been turned, although concerning the extent and rapidity of recovery reservations continue. There were numerous indications, the publication added, that large consumers of steel products apprais- cd present levels as the bottom.
 Iron Age" noted scattered evi- dences of breaking away from hand-to mouth buying, the first de- viation from that policy in many months. The trade papers output ratio remained unchanged at 5S per cHt of capacity, while Dow Jones reported a ? per cent gain in its figures to the same percen- tage. Operations at Cleveland, ac- cording to "Steel' have advanced from fl to 50 per cent and at Buff falo from 4S to 53, but Pittsburgh shows no change, Chicago mills are down ? to 55 per cent and Youngs- town is off one to 5S.
 The Canadian tariff revisions ap- peared to meet with little reaction here, for the new rates had been expected since the recent election. The s34,000,000 increase in this country's exports for August as compared with July was a favorable factor, at least from the short term viewpoint, for with the exception of March Americas foreign trade had It was pointed out, however, that July is normally a slow month and that the August total was $S1,000,- 900 below the figures for the same month last year, although July's decline was s136,000, 1000 in com- parison with July, 1929.
 The freight car loadings report covered the week of the Labor Day holiday and revealed a decline Of 127,S67 cars from the previous week. loss which some circles found rather discouraging. Gasoline reserves dropped 741,O0O barrels in the week ended September 13 and crude oil production fell 17,300 bar rels.
 Money was plentiful and easy and the first per cent call loan renewal rate in some time was posted at the stock exchange. Outside funds promptly went to 1 1-2. It was eX- pected that the treasury overdraft at the Federal Reserve bank would have been virtually eliminated at the end of the day.