The Waterbury Democrat., 1931-10-08

New York, Oct S.-NPUJ--Thel stock market staged a late bull- ish demonstration to-day. Volume increased. Prices moved up to net gains of to 6 points in all sec tions.
 Auburn Auto scared 1s points.
 All the leading industrials, util- ities and rails were carried up sharply. Real estate stocks and issues in allied fields such as Amer ican Radiator were active and strong on belief the new Hoover proposal to create a real estate bank would be highly benefciai.
 Before the end of the fourth hour all of yesterday's loss was wiped out. The industrial aver age at 1880 was at 10s.48 up 6.i6 points and the highest 1t has been since September 2S. The railroad average was at 52,68 up 2.56, the highest since October 1 while the utility average was at 40.75 up 2.t9 and the highest since September 28.
 Sales to 1:s0 D. m. totaled 1,500.- 900 shares, against 2,100,000 shares in the corresponding period yesterday. In the period from 12 to 1880 to-day sales tota1ed 700,- 900 shares. against 6o0.000 yester- day.
 A feature was U. s. Realty which scared 6 points to 17. Buying re- fiected the improved feeling In real estate circles following the c6nfer- ence between President Hoover ana real estate men yesterday. Estab- lishfnefit of central mortgage re- discount bank to provide free flow of credit to those anxious to finance or refinAnce their homes would be highly beneficial to realty and allied companies, 1t was said.
 What appeared to be buying by banks and other large interests was noted in such stocks as U. 6. Steel; and other high grade shares. Steel shot up to 71 3-4 up points. American Can also gained 1 points and Woolworth more than {. Vest inghouse Electric rose 33-4 to AS IA, Alliem Chemical 6 3-8 to 80 7-S and Air Reduction $ 1-S to 65. ..
 Utilities spurted ahead with gains ranging to points, the largest in American Telephone. Public Ser- vice and North American gained more than points each while Consolidated Gas rose 3 points.
 All sorts of favorable rumors were circulated simultaneously with a sharp advance in railroad shares. These included a report that the Interstate Commerce commission to-day would grant the roads a 1-2 per cent freight rise and recommend a 10 per cent wage reduction. Washington sources found no grounds for these rumofs since no information was forth coming from the Interstate Cohi- merce commission.
 New York Central was the out standing leader in the carrier sec ton, rising 5 1-2 points to 5S 3-4. Gains of 3 to 4 points were noted in Southern Pacific, Atchison and Rock Island.
 New York, Oct s.-.(uP)-The stock market presented . bettst the majority of issues advancing fractionaily. Trading was fairly
 Steel common opened at ssM up $ and firmed up fraetionAlly.. Gen. era1 Motors rose nearly point to siH. ' we" '' ~
 Fractional gains were made by such issues as Union Carbide, In- tefnational Nickel. Alaska Juneau. Chrysler, Eastman Kodak, Public Service of New Jersey and Electric Power and Light.
 Lack of pressure on the market was ascribed to the better feeling in financial circles engendered by the announcement of the Hoover plan for relieving banks loaded with frozen assets.
 Traders however did not expect the stock market to make any fur. ther wild demonstration on the up- side such as the one of Tuesday announcement. The short interest