The Waterbury Democrat., 1931-04-09
The List Got Nowhere Rails Weakened and Took the Whole Market Down With Them Some Slight Resistance Was Shown
By ELMER c. HALZER I7nifAH prnsa Ffa npfat Edtfnr.

New York, April 9.-(UP)-Lag- ging along at the lightest volume since the early part of the year the stock market to-day was confusing affair to both bullish and bearish traders.
 Advances were succeeded by de- cIines. The list got nowhere. Rails weakened as q group in the aftrnoon and took the market down, but re- sistance was shown on the decline and a small amount Of short cover ing was brought out.
 A few special Issues were active on the upside. For Q time United Cor poration was heavily sold, following q sale of 10000 shares at 24 IA off 6-8. Radio also went through 6 period of liquidation.
 As the end of the fourth hour ap- preached one of the series of rallies was in progress and prices were at or near the highs of the session rep- resenting the advances of fractions to q point in the general list. Rails were down l to more than points, but selling in this group was on q light scale.
 Atchison touched n new low for tho year at TIT 7-S off 5-S, while New York Central dipped to 107 of I 1-2; Southern Pacific 91 Is off S 1-s: Union Pacific 176 1-2 off 3 l-2 and St Louis-san Francisco 30 l-s off 1-8.
 Auburn Auto was depressed 12 points net to 268, but It rallied ( points from the low. Bethlehem Steel and few others W ere down small amounts.
 Tobacco shares were constantly .t ia cluding United Cigar Stores Corpora United Stores issues made new highs. servel made a new top for the year and Armour A made q new low.
 McKeesport Tin Plate was whirled lip more than points. U. s. Steel gained nearly point from the pre- yious close and nearly 2 from the early low of .136M. Gold Dust was ID nearly point at 40 in the foods. Vanadium, J. I. Case and other yola- tile shares were up a point or SO Utilities were steady and quiet. Cop pers rose when the 9h cent price at which one producer offered the metal was withdrawn.
 Sales to 1880 totaied 1,20O,0 shares, against 100000 yesterday. At 1880 D. m. the Dow-Jones in. dustrial average was at 170.i5 ur |O.61; railroad 94.02 off 0.70 and util. |ity 68.31 up oil. The average at D. m, was higher for the industrials EARLY TRADING New York, April 9.--tUP)-Gaini of yesterday were extended slightl, at the opening on the stock exchange
 Fractional gains were made D, such issues as U. $. Steel at l37M IT 4, American Can 122 up ~: c0nsoii. dated Gas 100 up < and New York Central 109 up Is.
 Copper shares were firmer witl |Kennecott at 24H up # and Nevada at 10 up H. Tobacco shares con- tinusd in demand especially the low. priced retail chain issues. Oils were about steady; utilities hrm; ratl' slightly higher and mercantile shares strong with Wooiworth up # at Gl ss Fox Film A opened 1000 shares al l27 up Y on formal announcement oi the refnancing plan calling for offer' \ ing of $30,000,000 of 6 per cent con. yertibIe debentures and transfer oi holdings of gO,900 shares of Loew'i common to q new holding company. Auburn Automobile opened at 27l of points and was quiet. Motor shares generally were firm on favor able estimates of April and May pro'
 p Pennsyiyania featured the rails