The Waterbury Democrat., 1932-12-30
Last Full Session Of The Market For
 The Present Year
It Brought Advances in Stock, Bond, and Grain Mar
 kets-There Was Plenty of Selling

the list was a broad one with a aIEe- able group of inactive issuea np- bearing. Related selling to estnb- llsh tax losses brought out many cash sales as there is no delivery of stock until Tuesday and sales for tax records for 1882 incomes must be completed with delivery this year.
 strength in bonds and grains helped the stock market into high CT ground. Bonds moved up in lighter trading than recently. United States government issues. exceptional to the trend. sold off slightly. In the grain market. wheat closed at gains of 1-2 cent to cent bushel: corn up 5-s to leg cent; oats up 1-8 cent: rye up 5-s to cent and barley up 1-S cent. Cotton moved in a narrow range around the previous close with trading dull.
 Weekly trade reviews reported stocks of merchants depleted by the Christmas buying which was only moderately below 1881 in volume but off 20 to 25 per cent in dollar sales.
 November railroad reports is- sued so far indicate that net oper- ating income of all class one rail- roads will be only 4.9 per cent un- der November, 1881. That would be the second smallest percentage decline from the 1891 month, the smallest having been October when the decline was only 0.5 per cent.
 The federal reserve report re- fiected strong banking condition. The nations monetary gold stocks continued to rise and were above year ago in the week ended We'd nesday. The total of $4,505, ,O0O, 900 lars above the low level of last June just after the French had withdrawn their balance.
 Foreign exchange continued in favor of the dollar. The French franc equalled it's 1882 low and was well below the point at which it is profitable to extort French gold to America. Foreign exchange ex- perts here believe America will continue to take French gold for n time but do not anticipate any thing like the flow of the metal to France last summer.
 United States Steel common stock resumed leadership of the industrial group. It was carried to 28 late ins the day, up 1 3-8 from the previous close and uD more than points from it's recent low. Steel preferred jumped nearly 2 points to above 60. Buying in the steel issues was accompanied by unconflrrned reports the Steel cor poration would soon anhounce Il 2 i, 1-2 per cent wage reduction in all plants,
 ]. l. Case ran up more than q point with the grain market. Cop. pen shares were strong. featured by Kennecott and American Smelling. Standard of New Jersey jumped d point in tho oils. Crucible Steel fol- lowed Y. s. steel issues into higher ground. General Motors and other automobile shares gained as the annual auto show here approached.
 Railroad shares were in demand most of the day along with their bonds. Gains ranged above a point with the best showing in New York Central, Pennsylvania, Atchi- son, Southern Pacific, Union Pacific illinois Central. Lackawanna and Louisyille.& X Nashville. Utilities rosd fractions to more than point with Consolidated Gas the leader.
 Tobaccos were weak throughout the day on reports the leading manufacturers would reduce prices Of the popular brands immediately after the first of the year. These reports were not confirmed.