The Waterbury Democrat., 1931-04-01
Oil Group Was Next in the Selling Net and They Made Some New Lows
 U. s. Steel Also Decided to Join the Lows
By ELMER c. WALZER United Press Ffnancfal ExIitorl

tUnltcd Press Financial E<lftOr)
 New York. April 1.--(UP)--A break in railroad stocks brought re- newed selling into the stock market to-day following several. unsuccess- full attempts to rally prices.
 Six active railroad shares made new lows for the year or longer and one equalied its 1881 low. Nickel Plate sold down to 60 off 1 and a new low since 1923 while Southern Railway made new low since 1924 ta 42 1-8 off points. New lows for the year were made by New York Central at 106 f-8 off 2 5-s, Dcla- ware. Lackawanna and Western 135 IA off 3-4; Southern Pacific 92 Is off Is, and Erie 27 off 1 4. Pennsylvania equaIed it's low at 55 off 1-4. New Haven broke 1-2 points to 79 1-2; Baltimore and Ohio 3-4 to 72 1-4; Atchison to 1S3: and Union Pacific 2 1-2 to 191 1-2.
 The oil group was next to meet selling. New lows for the year or longer were made by Standard of New Jersey at fl 1-2 off 3-8; Phil. lips 10 .1-8 off 1-2; Standard of New York 21 IA off IA and Standard of California .42 1-4 of Is. Hous. ton lost n point to 51 1-4.
 United States Steel broke to new low on the movement at 138 3-8 off 1 1-2 where 1t was near its 1881 low of 137 1-2. It's decline was the signal for selling in other industrial leaders. General Electric, Vanadium, Westinghouse Electric, and other issues of their caliber broke to more than 2 points.
 Especial weakness was noted in the Harvester shares where J. I. Case dropped nearly 6 points to 99 1-2. International Harvester sold off nearly point to S4 7-S.
 Utilities were down fractions to nearly { points with American Wa terworks the principal loser. Amer ican Telephone lost 2 1-2 to 188 3-8 in the communications. Copper shares were down with the remain der of the list. #
 Aviation shares were steady on curb, but were easier on the big board. None of the selling in the group, however. was ascribed to the airplane accident which took the life of Knute Rockne yesterday.
 New York, April f.-(UP)-Price movements were irregular at the opening on the stock exchange to- uhy WItH tThuiuS IhiTiy dctlVe.
 News was as mixed as the prices.
 Steel production declined points to 55 per cent of capacity. while car loadings rose 7,68 Gears above the previous week; crude oil produc- ton increased a small amount and gasoline stocks were up 66s,00O bar rels.
 The first sale of U. s. Steel was made at 140A up M, indicating that the dip in steel operations had been discounted. according to observers. General Motors firmed up 4 to 42M and fractional gains were noted in Allied Chemical, Radio, Paramount, Electric Power and Light. U. s. I'm dustrial Alcohol lost a fraction to 43, also new low. Small losses were noted in Gillette, American Can, Fox, Case, Anaconda, and Standard oil of New York, the latter making a new 1881 low.
 Juneau continued firm in the gold mining division. Coppers were bare ly steady in anticipation of a cut in the export price of the metal. Pool operations were resumed in McKees- port Tin Plate and the stock rose
 Trading turned dull in the early dealings with prices holding near the opering levels. The market lacked feature.