The Waterbury Democrat., 1931-09-30
Trading Slows Down After Early Hour
 Furry In Sales
Steel Broke to New Low for Ten Years at 7I R K.
 Shares Carried Upward

was at the rate of 7,OO0, ,000 shares for a full day.
 l Steel common broke to a new low for 10 years at 71 1-Z off 5-S from the previous close after it had risen to "A 1-2 in the earlier trad- ing. Steel preferred made new low at 124 off 1 1-2. A long list of industrial shares dropped were 1 to points above the previ- ous close.
 Utilities met selling pressure | with American Telephone down nearly 2 points and Western Union | at a new low at 92' off 5-S. Rail- road shares weer carried up and around 2 p. m. showed gains rang | ing to 1-2 points with New York Central, Baltimore & &Ohio, Delaware & Hudson, Lackawana and Atchison best performers. Helping the railroad shares | were prospects of prompt ruling on the freight rate increase plea now before the interstate conn., | merce commission and prospects of early agreement on the eastern consolidation plans.
 At 1:30 D. m. the Dow-Jones railroad average was up 1.41 points at $500, while the industrial aver- age was down 0.52 at 99.2S and the utility down 0.54 at 1922. Sales | to 1880 totaled 100000 shares, against 1,9O0,0 900 shares in the cor responding period yesterday. The street was perturbed over the financial situation in Canada, with the Canadian dollar at 4 per cent discount in New York. A statement was anticipated from the Canadian government on this sub- | ject to-day. Meanwhile rumors were circulated Canada was to abandon temporarily the gold stan- dard. An authoritative source in | Rome said the government was to | issue shortly a decree prohibiting ! export of gold, a move which might lead to abandonment of the gold standard.
 New York, Sept 30-(UP)-Stocks | opened irregularly lower to-day and continued to move irregularly dur ing the early trading with volume | fairly large.
 Steel common met support after opening a t72 off B and rose to the outset, up h at TIA, refecting the declaration late yesterday of the usual S1 extra. New York Gen. tral was a firm spot in the rails. cult rose a point to. 411k in the foods and Kreuger and Toll spurted 1A to 7%.
 A long list of issues made new lows. These included: General Mo- Allied Chemical sax off h; East man Kodak 9sA off l 1as; Consoli- dated Gas 69A off F. Proctor and Gamble 41 off |; Radio-Keith SA 9f A Sboos Case iss sSh off 9 BetSlehsm 2sas off IS; Du Pont 60 off E.; Columbia Gas IS off l; Montgomery Ward 11A off F and Public Service 57A.
 shares at 23 off + and equaling the record low for the present shares made yesterday.
 Good buying came into New York
 Central. and the issue spurted points from its opening to 65 where 1t was up 35s points net. Other rails were strong and the upward tendency in this group had a good effect on the remainder of the list.
 When the initial selling orders presented a steadier appearance. Steel moved toward 73 while Amer ican Can continued to advance. Utilities firmed up with the excep-
  | WOOL MARKET
 Boston, Sept S0.-(UP)-The Bos- ton wool market report issued to- day by the local United States agri- culture department office follows: | Inquiries from wool manufactur- CTS are tnding to increase and some sales of moderate volume are being closed. Demand at the moment is largely on 64s and finer quality domestic wools. Original bag lines of GAS and finer territory woois bring 55-57 cents. secured basis, for stple and 52-53 cents for the short | French combing end clothing stple. Sentiment in the market is improving as buying increases and quotations hold about steady in spite of a generally slow market
 MAY PROHIBIT EXPORT Rome, Sept 30.-UP)-A govern mental decree prohibiting the ex- port of gold Is imminent, it was said to-day on high authority. CORN MARKET 1 Chicago, Sept 30-(UP)-All de- liveries of corn declined about one cent to-day on the Chicago board of trade after liquidation in Sep orders. The slump carried all months to new lows for the year.
 September sold at 36 off 3% from the previous low; December at 35, off 17s from the previous low; May was listed at 367s, off B from the previous low figure, and May corn sold for 3S&, 21s cents lower than