The Waterbury Democrat., 1931-01-30
Stocks Raced Upward , For New Highs Just
 Before The Closing
Gains Ranged to Nearly 9 Points in Some Special Issues, But the Market Was Very Quiet

servative scale, but toward the end or the session they were making better progress on the upside under the leadership of U. S. Steel.
 However, their movements were obscured by sensational advances in few issues. Vulcan detinnins spurted nearly g points to 54 7-S, While gains ranging from to 8 points were made by Worthington pump. Auburn Auto. and Columbian Carbon. A long list of other special issues showed gains ranging to 4 points.
 Steel was near 142, against A pre- yious close of 140 3-4. Radio con tinued in demand rising a point to 16 Is. Westinghouse Electric and Bethlehem Steel each gained 2 points. Utilities were about steady. While Coppers reacted on a redut- tion in the domestic price to 9 3-4 cents a pound
 There was some selling but SUD- port developed at each attempt of the pears to start reaction. As Au- burn made new high for the year at 148 up 3-4 but considerable selling was encountered and it dipped D points. It rallied and was holding around 146 in quieter turn over.
 Weekly trade reviews gave q more optimistic picture of the busi- ness situation. According to Brad street. further moderate progress seems to have been made this week. not entirely by the pioneers in the early January improvement, steel and automobiles. and to use homely maxim the situation seems to be making haste slowly toward gradual betterment."
 R. c. Dun's Review finds to some degree, additional activity featuring the whole markets this week. While buying has been slow it is now mak- ing better progress and in some in- stances orders are running in cx- cess of a year ago"
 EARLY TRADING
 New York, Jan 30.-(UP)-Stocks advanced fractions to more than d point at the opening to-day with trading fairly active.
 A turn in sentiment was helped by sta.ement issued after the close yesterday by Eugene G. Grace, presi- dent of Bethlehem Steel Corporation predicting an upturn in business dur ing the year. Grace made his re- of the Bethlehem fourth quarter earnings statemept which showed net equivalent to 17 cents share, about in line With expectations.
 Bethlehem opened at 51 up 1 B and it's frmnes was helpful in other sec tions of the market. U. $. Steel open ed at 141M up %. Industrial issues generally were higher. Rails were about steady; coppers held firm as did amusements. Auburn Auto continued to advance. reaching Al Ii up ? point $ and new high for the year
 Auburn continued it's advance in early trading, but the remainder of the list slowed down, holding around the opening levels. Du Pont frmt q up ss to S7B following publication of it's 1880 report showing earnings equivalent to SAGA a share. against $7.09 a share in 1929.
 The Du Pont company, largest stockholder of General Motors Cor poration, published with it's annual report an estimate that the latter company would show earnings equivalent to s3.17 a share, against dividend requirements of $500 2 share. General Motors moved up l. to 3Sas.
 Utilities exhibited a better tone. Woolworth continued to profit by its favorable earnings report. rising eS to 5S5s Montgomery WarG iiso held firm