The Waterbury Democrat., 1931-04-08
United States Steel Led All The Stocks
 In Upward Drive
Whole List Stopped the Decline of Last Few Days and Moved Upward After Slight Interruption

eral Electric 46 3-4, up 1 IA; Beth- lehem Steel 54, up 1 7-8: McKees- port Tin Plate 9s 1-2. up 4 s-4.
 In the utilities, Consolidated Gas rose to 1O0f up 2; American and Foreign Power 40, up 2: North Amreican 77 1-4, up 1-4; Columbia Gas 38 7-8, up l 1-8 and Electric Power and Light 51 1-2, up 1 5-S.
 American Smelling rose 3-4 to 46 1-4 following action of directors in declaring the regular quarterly dividend of $1 share on the conl- mon stock. Other Copper shares were dull and steady. St Joseph Lead dipped to new low for the year.
 Fox Film A. after touching new low for the year at "A 1-4, rose to 26 where 1t was still off 3-4 points. It was being supported by interests working to make a market for new notes or bonds to be offered to pay off obligations amounting to more than $50.000,000. April Is.
 Houston Oil made one of it's rusing to 53 1-2, up 1-2 points. Mexicon Seabord rose more than point to IS. Low-priced Tobaccos continued firm. Motors were quiet and steady. Steels followed U. g. Steel upward. Rails firmed up af- ter early declines.
 Dow-Jones averages at 1:30 were as follows:
 30 Industrials stocks, 170.O5 up BOP from the previous close; 20 Railroads 94.60 off O.O5; 20 Utilities 66.28 up 1.25.
 Sales to 1:30 D. m. totaled 1,4OO.- 900 shares, against 1,500,O00 shares in the corresponding period yester- day.
 EARLY TRADING
 New York, April S.--UP)-The stock market rallied to-day on more favorable steel news. Trading was with few fair-sized blocks appear ing.
 United States Steel which recently had been driven down to new low for the year opened at 1884 up X on 2,000 shares. Other steel shares were higher. with Bethlehem up 1A
 The Iron Age to-day found the .re- cent slackening in steel specifications from the motor car industry is now attributed to overlapping by a lead ing ma ron automobile nson;,bI company for its adds that April auto production is still expected to reach 33O,00O to 350.000 units with May output equal month. Opinion persists that peak production in steel for the first half of the year has not yet been reached.
 Auburn scared to a new high for the year at 275 after opening up 9 points net at 267. Motor shares gen .erally were firm with the exception of oSasl, Nash which lost z to ssA. ture the Golf Mining group, rising to 147s, after an initial block of 5000 shares at l4h up F.,
 up A: and jworthington Pump 74Kl up 11a. Fractional gains were noted, in Radio-keith, Paramount, Atchison,, Lorillard, United Gas Improvement. Standard Oil of New York, American Can, Gillette. Texas Corporation,l Union Carbide.
 Shorts covered rapidly in McKees-s port Tin Plate and the issue spurted 3H points to 97. Westinghouse Elec-. tric rose 1A to s3A for the same rea-. son.
 Eastman Kodak rose 1A to 15e. refiecting improved sentiment over, the annual report of the company. showing 1880 earnings equal to $8.84 a. share, against $9.56 a share In 1929.
 Railroad shares were mixed with New York Central dipping to a new. low. for the year at 105s off 4. Car. 28 reversed the trend of the two pre-. ceding weeks, dipping 1863 cars from the previous week.
 Low priced retail tobacco shares firmed up on termination of the, cigarette price war announced to- day. i
 During early trading prices con- tinued to advance. Steel neared 137. Alaska Juneau made a record high at 15K. Leading ipdustrials- moved up. with steel Trading continued active.