The Waterbury Democrat., 1931-01-29
Prices Rallied In Market When Last
 Hour Was Nearing
Stocks Had Dropped From to } Points in the Early Trading-SOme of the Old Bull Market FavOrites


 ties. Prices rallied from their early. losses of l to 3 points.
 Radio Corporation, one of the popular stocks in the heavy trading era of 1928 and 1929, became active for the first time this year. A block of 5,200 shares at IA 1-2, up 1-2, was followed by another of 5000 shares at II 5-8. This issue con- tinued active and advanced further at the start of the fourth hour.
 United States Steel crossed it's previous close, after an early re- cession and there was considerable attention paid to special movements Montgomery Ward ran up on a fav- orable fourth quarter showing and a pool got underway in Electric Power and pushed it up 2 points rom the low made earlier in the day.
 Aupurn Auto went to a new 1921- nlgh as. The shorts covered. Dow. Jones x Company estimated rbt. snort interest at 10000 shares. This would De more than 1-10 of all stock outstanding. Auburn reached 137 a.4. up ) 1-2 points from the pre- Vious close and 14 points over the close last week.
 Harvester shares followed the mail. O1P 'AiN lAC GIdln market into higher ground. J. I. Case rose more than point while Internation- al harvester gained a point. Actlvlty in International Telephone & telegraph Company was a feature | m the communications. It rose 3-4 . 10 25-7-8. Utilities generally were up fractionally.
 | Paramount firmed up on estimates that earnings would total $6 Der snare in 193O, against $5.79 in 1929. | Cther amusements gained with i.. ,isins l-2 to 30 1-2, Warner 1-S to 7-S. 'o A' wabash preferred a reacted 1-2 points to il, still under the influence or directors action in deferrinr dlVidends. Other Rails steadied. EARLY TRADING
 New York. Jan 29.-UP)-The re- acton in progress on the stock ex- Enahse ,uia yesterday continued to-day | turnover. S'ife
 Steel common, which lost 2M yes- tneroay, opened at 1898, off a point proht-taking following dcclaratoin of an extra dividend of $1 each on inc common and class E stock The com | mon opened at 1O9 off 1H and the at ll0& 4 off F.. Other tobaccos were mixed. Schulte Retail Stores lrmed up fractionally on discontinu- ahce or cutthroat price competition. \, Utilities generally were down with worth American off 1 at 6Sb: AubIrn Au1o lost nearly point to 13Isl in the motors where Chrysler also wa Solu' LoeW's rose in an otherwise loWer amusement group; coppers were Slshtly lower with the exception of hennecott which rose A point: West- !nghouse Electric and General Flee trlc were down in their group: Aiiied | Chemlcal lost points to 155.
 4, A substantial pickup in earnings i'm tne iourth quarter for Montgomerv 1eM Mard brought that stock up x to sion. oiVi-
 Among other gathers were Pen, SSylVanla Railroad at 625s up 3s: Pnh- nc service 79A up A Consolidated Has S9 up E; Norfolk and Western -lI up l; Commonwealth and Sontb- erh 94s up 1s and Paramount 44Ih m
 These were the exceptions. Others opehea lower and continued to settle to lower levels in the early trading NAupurn Al dipped to 131 .off 1A: Stee, 10 lS9 $ off A; General Electric 4sT or #; Allied Chemical 154X off aH ana American Telephone 1S5 off 1. A