The Waterbury Democrat., 1931-08-26
Stocks Climbed Up As Shorts Covered
 During Last Hours
There Was General Rise All Along the Line-Ther
 Was Also Good Rally in Motor Shares
ELMER (. WALZER United Press Financial Edit0r)

 New York, Anug 2e-(UP) - shorts covered in greater volume as the session progressed on the stock exchange today until a gem eral rise was under way as trawing entered the last hour.
 Around 2 p. m. Steel Common had crossed Ss 10 sS 1-s up a. net and up ? 1-s points from the early now. American Can mapped back to 91 1-2 up 3-4: net; West inghouse Electric 63- 7-S up l 1-S; Allied Chemical III 3-4 up .l.2; yanadium 2S 1-4 up 1-4; Auburn auto 138 3.4 up 8 3-4.
 Chrysler led q rally In the motor shares. rising a full point to 22 3-4. General Motors firmed up to 36 IA up 3-4. Bendix aviation rose 1 3-s to 23 3.S.
 oil shares continued to display strength with Standard of New Jersey rising to 4t up 7-8; stand ard of California 70 7-8 up 3-4; socohy- Vacuum 20 Ip l -2; Phillips 10 up 1-2; Sinclair II 6-8 up 1-4; snd Texas Land Trust 10 1-2 up 1-t.
 Railroad shares firmed up after coming close to making a new low for the bear market in the early trading. Pennsylvania rose to 38 l.4 up from as 1-s; Union Pacific to 141 up 1 from 140: Att chison to 36 up l-2 from i33 1-s and New York Central to 694 off l-4 from 67 7-S.
 In the utility division American Telephone rose to l70 7-8 up 1-S net; International Telephone 28 7-s up 1; Western Union Ill up 1 IA and Consolidated Gas 32 a. up 3-4.
 At 1:30 D. m., the Dow-Jones in- dustrial average stood at 137.92 up 1.27; railroad 67.39 off 8.1b and utility 5e.56 up 0.0s. The av- erages at 2 p. m. are not calculated but they would show consider able arvapce over the foregoing figures. Safes to 1880 D. m. to- tailed 400,O0D shares against e00.- 900 shares in the corresponding period yesterday.
 EARLY TRADING
 unt.s HsS ss.syss stssys s...i Aais com@on stoet broke lM points to s6N on the first sale on the New York Stock Ex- change to-day. reHeeting a drop in steel output from 32 to 31 per cent of capacity. The market generally wrs .bs,. ,rrssuinsly ,swsr a, fsw sns ,soa
 Railroad shares continued weak. New York Central broke to 88 of lM, while Southern Railway made a new low since 1929 at 23N off x and Canadian Pacific made Q record low for the present shares nt 2oM "A 1sa 4 At'h''on lost frae'iona''y to
 stsei common slipped back to se In the early trading. Weekly steel reviews found nothing to indicate seRsonal advance except in the structural line where orders showed tomobiis indussry .ieowed M down in its orders and this was reflected In a barely steady tone in that sec- ton.
 oil shares continued in demand, all of them making small gains. Sinclair Sa .is,,, ro:s ,s. to to 1i% sp <; soc9ny- poration 2SN up X.
 Accordins" to the American .Pe- troleum Institute crude oil produce ton in the United states in the week onded August 22 rose 1o9.750 from the East Texas iieid where . record How. was recorded, accounted for the gain.
 The main list moved narrowly. American Can was at 89N up h; American Telephone 168A of #; Radio Corporation 19N up N; Gold Dns' .9% o ao qp ai ioH Hnitsd os Aiysosft wosst Electric ssM off 4; Auburn Auto 132 of 1; Lorillard 16I up If; and Arnerican Smelling 23M off X.
 During the early trading prices held near the opening levels in dull turnover. Steel common failed to break through 88 and rallied slight ly from the level. Selling continued in railroad shares. oils held Arm.