The Waterbury Democrat., 1931-01-27
Market Made Effort
 To Rally But The
 Attempt Was Failure
Leading Stocks Made Very Poor Show ing and This Upset Things and Shares Drifted Downward

common in hand and ran 1t up but other shares failed to follow and Steel also lost ground.
 Traders were reticcnt about placing buying commitments ir Steel pending the outcome of the fourth quarter earnings statement tc be released after the close. This Is expected to- be very poor show ing. Recently estimates that ranged to $1 per share were reduced sharp. ly. The corporations quarterly di. vidend requirements on common stock are $1.75~per share.
 Electrical equipments were weak through the day; Steels sold off witt, U. s. Steel; American Can slipped down on rather heavy selling; J.4 Case was unloaded, selling down 2 points; utilities dipped fractions to more than a point; Rails lost ground with Union Pacific off 8.
 Oil shares held well despite the Oil and Gas Journals weekly pro auction report, showing a rise ot z4,365 barrels daily in production Standard of New York and Sinclair were unchanged while only sn,a I! fractional declines were recorded ii Houston and Standard of New .Je?- sey.
 Reduction in the Studebaker diti. dend from 8 annually to $1.2l brought that issue down 2 points :c Z! 1-8 and unsettled the motor shares generally. Auburn, whici, had risen easily in the earlier tra. ing on short covering fell back to point below the previous close. Gen eral Motors dipped to 38 1-2 off 5.3 Chrysler IT 1-2 off 1-2; YeIlon Truck 10 5-S off 5-S; Nash 32 r.: or 3-4 and Hudson 22 off T.; Stward- Warner was a weak featu In the motor equipments.
 Amusements were steady, slight below the previous close. Radi. Keith -Orpheum turned dull at : orr 3-8 and Warner Brothers p; lures held at 17 off 1-2. Paramou was down only 1-8 at A 1-4.
 EARLY TRADING
 New York, Jan 27.-(UP)-Uni. states Steel firmed up fractiona on the stock exchange to-day al, the whole list presented a better ton
 Steel opened at 142ss and then TO-: 10 l42A up, A: Fractional advance were noted in Vanadlum, Radj. American Smelting. American an ienhagn riorhelgn Power. Columbia Gas, A Telephone, Woolworth, Standard New Jersay, Fox Film A. and Peni sylvania Railroad.
 American Can met pressure, d. cldnlng nearly a point to 112E o, l.IOO shares. National Biscuit recco ed fractionally and small losses wcr noted in Auburn, Electric Power an Light, Erie, Warner Brothers Pie tures..., New York Central and Gen
 Railroad shares lost their swin and Union Pacific dropped 1ss t. l?6ss. Copper shares also were irrc;, ular. Oils were steady to firm. Mott shares eased off Auburn dipped { 130 off 1 on distribution by the poe which was successful in pushing t!, stock up more than 100 per cent fro;, the recent low at the expense of tn shorts.
 Further unloading took place J: I. Case and the stock dipped { 92k after opening at 94A up | Stewart-W Warner continued weak, di:, ping to 15 off ]. on top of 2A poin loss yesterday following omission oi the dividend.
 Trading quieted dwn after tn. Initial orders had been executed Steel eased off as longs sold fearin; an adverse fourth quarter earning, statement after the close today
 Electric equipments slid lower wit, Westinghouse down point Ali" Chemical lost more than point i It's division.