The Waterbury Democrat., 1932-10-22
Firm Front Present In Market To-day
 In Short Session
Dealings Were Almost Wholly Professional
 Amount of Short Covering in Railroad Shares

Steel issues were steadier to-day after their sharp drop in the pre- ceding session. Steel common toached 34%, rallied to 35% and later hovered around 35A up 4 net. Other steel shares made small gains. Leading industrials were holding fractional gains as the close approached, although there was no particular buoyancy in any issue or group. Utilities held about steady.
 Further strength in the foreign exchanges against the American dollar was an unsettling factor for a time, although it had no direct inuence on stock prices. The French franc touched 3.94 1-16 cents, rise of 7-16ths point from the previous close. Other gold currencies rose with it, notably the Belgian Belga and the Dutch Builder. Sterling was down fractionaily. Various interpretations were ad- yanced to explain the drop in the dollar.
 -"The dollar, said Dow-Jones Paris dispatch, ifs suffering from the approach of the presidential elections Brokers to-day almost unani- mously ascribed yesterdays decline in part to the Interpretation placed on Montagu Norman's speech. Views were altered to-day by some after more careful reading of the speech. One brokerage house said: Whether the remarks of that eminent financier influenced foreign liquidation is not so important as kt% fo 1,- T | ...lo governments have been unable to get together in finding a satisfac- tory solution"
 On the favorable side to-day, in addition to the car loadings report, was word from Youngstown that the steel industry there would op- | crate at 19 per cent; next week, | against IS per cent this week. e Adverse items included the poor showing of General Motors in the third quarter and decline of A | cent to cents pound in copper metal. Approach of the U. s. Steel corporation quarterly report and dividend action, both scheduled for Tuesday, was factor making for caution.
 Commodity ,, markets to-day moved narrowly. Wheat and cot- ton lost slightly. Bonds were ir- regular. firming up near the close on a rally in railroad issues. | According to preliminary calcu- lation the Dow, Jones and Com pany industrial average stood at 60.85, off 0.16 point, Railroad 27.26 off O.02 point and Utility 26.94, off 0.07 point.
 Sales were 447,82O shares com pared with 59351O shares last Sat- urday.
 Aggregate market value of 10 leading stocks was $5, 64,744,674 against $5,379,998,500 yesterday, a decline of $15,253,S26.
 WOOL MARKET
 Boston, Oct 22-UP)-The To- cal daily wool market report is- sued to-day by the Boston U. S. agriculture dpeartment bureau follows:
 Most wool men have been in clined during the past week to view
 the wool situation with a mild optimism despite the quiet market, and some slight irregrflarity in prices of a few lines. A little more buying of combing grease wools was noted and included quite a
 wide selection of grades but not livery large quantities of any line. Bids were more numerous but, as they were mostly under recent selling prices, they were rejected more frequently than accepted" l STOCK EXCHANGE SALES | New York, Oct 22-UP)- Sales on the New York stock ex- change to-day total 100000 shares: curb stock sales were 50,000 shares.
 BOND MARKET
 New York, Oct 22-(U. P.) =
 Bond sales on the New York Stock l exchange to-day ,totaled $4,100,0 900.