The Waterbury Democrat., 1931-04-07
Erratic Price Moves
 Iii Some Industrial
 Issues Iii Market
Moderate Drift to Much Lower Prices in the Main Body of Stock Were Mark ed Features of Trading

the stock exchaziee to-day.
 Trading showed little change in character. most of the larger opera tors continuing on the aideIines pending the development Of a defi- nite trend. Activity barely exceeded yesterdays quiet million and one half share pace.
 Principal interest was cenfered on the movements of few obscure is~ sues. Offsetting q further sharp ad- vance in Alaska Juneau, stocks like Associated Apparel. Fox Film A and; Vanadium dipped sharply, and steel cOmnion touched a new low for the year for the third consecutive ses- sion.
 Price changes in the main body of stocks were narrow. Steel conn mon was off less than a point and recessions in General Motors, Gem eral Electric, Westinghouse Electric and /1nost of the utility shares did not run beyond technical propor- |tionb. oils showed firmness in tho late morning but failed to hold their gains in face of irregularity else- where.
 Several attempts were made to bring about a rally. These met with little success, however. although Steel common was bid up above It's previous closing level in the early afternoon. Failure of covering op- erations to develop resulted In with- drawal of support and Steel fell back to below 136.
 Trading in Auburn was less ac- tive and the Issue moved within 6 10-pofnt trading range. After open ing points lower at 260, Auburn rose to above the 26O level in the afternoon but later reacted about 6 points to it's previous closing level. Other motors were easier. Dealings in other sections were desultory. 5 Dow-Jones stock average at 1880 ?. m. showed q loss of l.I7 points to 168.55 for the industrials. new low since January 3I. Rails were 0.75 point lower at 95.07, a new low for the year, while utilities were off 1.37 points to 64.63, a new low since February 2.
 EARLY TRADING
 New York, April 7.-(UPl--Unied States Steel common stock dipped to new low for the year on the first The whole market was down with, this leader and trading was fairly active, large blocks representing cleaning out Of weakly margined ac-s of 4. Auburn Auto opened at S5o. 6 off 3 points and then quickly regained points of the loss.
 Steel shares generally were down with y g. Steel. nA.,. 4; \. syers, ar,cs saggsd off nearly point in the utilities. Oils held wSil on sharp decline fin pro ~ duction. General Motors dipped # to 4aN on 2 block of 5000 shares Tn the motor diyisien aS, Atchlson ,,,s rs,,s was down
 Trading turned dull after the initial transactions had been disposed Of ! Prices showed some resistance. around the previous close.
 against Isst the raSs trsnds following up gains
 made late yesterday.1In this category Manhattan Railway modified guaran teed stock rose 2M points to STA:
 Fox Film dropped } points to S0AI Ssen for to amount of S75,000. .000. Other amuse ments were steady. Paramount firmed up on It's record earnings re-ss pors f9r asso. s,ns wers roted in such issues as Alasl<a Juneau, Wooiworth.. Sears Roebuck, Case, United Gas Im-. provemeiit, Standard Oil of New Jer-I sey and New York Central.
 level as did other leaders. Ameri-Ss can Telephone met considerable sell Ing that brought It down more than road held well as did New York Central in the railroad group.
 Alaska Juneau was again an active favorite at 12H where 1t ws up ~ v After the opening. amusements de- clified with Fox Film A which wag unloadedx m large amounts. General Theaters Equipment, which controls Fox dipped # point to Il. Loew'ss