The Waterbury Democrat., 1932-11-26
Early Rally Turns When Selling Sent
 Prices Downward d
Professionals Seized Upon The Good News That Car Loadlngs Had Increased And They Started SeII- ing Their fIOIdouts

Icent and a new low since Febru- ary, 1881.
 The car loadIngs report was bet ter than anticipated. It showed loadings for the week ended No- vember 19 at 675,851 cars, an in- crease of 36,f58 cars as compared with the preceding week. That total was down only 11.8 per cent as compared with the 1881 week, the best showing made thus far this year. In the preceding week the comparison with Q year ago showed a decline of 22.1 per cent.
 In connection with the car load ings repott, Dow, Jones & Com- pany said:
 "The car 1oadings figures did not offer much stamina to the market largely because the increase had been thoroughly exploited in the last couple of days and because the speculative mind of the public is too much occupied with interna- tionai affairs"
 News of the day aside from the car loadings figure was favorable. 1t was mainly for the railroad port october earnings had net op-
 
 against $s5.s15,o0 in October, 1881, a decrease of Az per cent. in September these same roads had net operating income of $25.842.- 900, against $28.515,0O0 in Septem- Der. 1881, decrease of 9.3 per cent.
 Word from the Youngstown area told of steel operations there hold- ing fractionally above 16 per cent of capacity, unchanged from the preceding week.
 Banking statistics were favor able, showing fewer closings than a week ago, less than seasonal rise in money in circulation and fur ther gain in gold holdings of the federal reserve.
 Exports of iron and steel prod ucts in October increased to 41,- | 226 tons, afainst !36,038. tons in ISeptember and S2,g55 tons in Au- gust the department of commerce reported.
 Steel common touched 34N and then dipped more than point from that level to around 32% off x net. Losses of fractions to | point were noted in steel preferred. l Allied Chemical American Can. Case, DuPont. Radio and Standard | Oil of New Jersey. Gold mining stocks were in demand for a brief ] period but they lost their snap. Railroad shares were higher in | the early trading. but they, too. sold off when the general market | turned down. Union Pacific dropped to 6S off 1 from high above TO-. Delaware < Hudson. Reading and Delaware. Lackawan- na X Western also lost ground. others of the group slipped back to around the previous close. Utilities moved narrowly around yesterdays last levels. American i Telephone touched a high for the | day at 106. but later drifted back | to its previous close Of 1O4 M. Con- solidated Gas held a small gain. According to preliminary cal cu.ation the Dow, Jopes & at 5S.s7. up O.09 point. railroad 2s.47, off 0.0s and utility at 27.00,
 Sales were s7s.0o5 shares, com pared with 3S5,556 shares last Sat
 Aggregate market value of 10 leading stocks was $5,4s0.86S.344 against $5,4e0,i62,875 yesterday, an advance of $20,700.469. Boston. Nov 26.-(UP)-The local daily wool market report is- sued today by the Boston U. s. agriculture department bureau fol- lows:
 "Trading on wool, as during the previous week, continued slow. Ac- ccrding to reports. however. the bulk of the business during the past week was on 64s and liner ter ritory wools at prices about steady as compared with recent quota tions. Quotations on average strictly combing territory wools of.
 56s and lower qualities were slight ly easier. Slight concessions were
 made on limited sales of 64s and finer and 5Ss, sos grades of French combing Ohio and similar fleece
 wools."