The Waterbury Democrat., 1931-11-09
Bulls Took Charge
 Of Market Trading
 And Boosted Things
List Resumed Upward Swing and the Rise Gained Momentum Groups Took Part in the Advance

fourth hour came te a close, sales Friday and prices were up to 3 points.
 All groups participated. First the Steels moved up under the lead of U S. Steel, this group helped by increased production and sub- stantial improvement in senti- ment. The silver shares did not waver in their rise which was helped by another rise in silver prices. Bar silver to-day was at 35 3-4 cents an ounce up 3-8 cents from Saturdays close and up exactly 10 cents an ounce from the low of the year made in February.
 Utilities ruled strong from the start. In the afternoon rails joined the advance. Motors were helped by improvement in the in- dustry. Oils made fractional ad- vances and held them.
 Wheat overcame early declines and rose to new highs on the move further inspiring stock market transactions. Bonds also advanced after a slight setback at midday. South American issues were strong Japanese loans dropped on new serious developments in the Man. churian situation.
 In the industrial division of the stock market, U. s. steel rose to a new high on the recovery at "A 3-4 up 2 3-8 from the previous close. Other industrials followed.
 In the metal and mining group. American smelling rose to 36 up ? 3-4; United States smelting 35 IA up 1-2; Homestake mining 122 1-2 up 3-4 and a new high for the year; International Nickel 1 7-8 up 3-4; Anaconda IS IA up 3-S; Cerro de Pasco 23 up 3-4; Howe Sound 21 up 1 1-8.
 New York Central led the rails up with a gain of ? 5-S to 55 3-8. American Telephone was up Is at 146 1-2 in the communications Consolidated Gas held a gain of about 2 points in the Utilities.
 EARLY TRADING
 New York, Nov 9.-(UP)-Stock prices were irregular in a narrow
 Steel common dipped to 71N off x on the opening while Atchison sold down to IF off 1, International Telephone T. F ns lsM off %i Chrysler rti IF 
 On the advancing side were Au- burn. Auto 137A up IA; Wool worth 55% up A; North American 44h up Y. American Smelling led the shares of companies handling to 33%. Silver metal spurted sharply on the London silver mar ket.
 Utilities moved up spiritedly in the early trading. featured by Pub rose a point to 6SN after opening at s7%. Smaller gains were noted in North American Electric Power and Light, Columbia Gas, United Gas Improvement and American
 Railroad shares generally were easier in the early dealings. but volume was relatively light. Oils were steady as were motors.
 After. the opening steel common ports of increased production in the steel industry. The magazine Steel found improved sentiment in the steel business and reported heavier
 Before the end of the first 10 minutes of trading steel had risen more than full point from its opening of 71A. Its comeback helped arrest the decline in sev- eral sections of the list and prices Curheu upWdru III hSdNAeN NoAume'
 LONDON EXCHANGE
 London, Nov 9.-(UP)-The Lon- don Stock Exchange next Monday will resume margin trading which has been banned since the market reopened after closing for a few days following suspension of the gold standard.
 The announcement, made to-day. was taken to mean that conditions have improved to the extent where restrictions on credit operations no longer will be necessary.
 Following the suspension of the gold standard, September 21, the London Stock Exchange was closed for several days. When it reopened all business was done for cash, thus eliminating the margin deal. ings. Lifting of the restrictions will help restore confidence in the market and business, according to close observers.