The Waterbury Democrat., 1932-08-08
The Early Whirlwind

rubber, coffee, sugar and silk
 The Early Whirlwind
 New York, Aug 8.-(UP)-With' blocs of from 1000 to 5000 shares being purchased in the heaviest trading seen this year, prices of leading issues on the New York stock exchange leaped forward from $2 to $8 a share to-day.
 Simultaneously bond market leaders were registering gains of from one to 9 points.
 Brokerage staffs, skeletonized in the inactive trading of early sum- mer, were disorganized by the con- tinued rush. The new high speed tickers fell 10 minutes behind the market and spot prices were tele- phoned out to busy offices. Lon- don and Paris stock exchanges witnessed simultaneous boom in American shares, while commodity markets joined the advance in varying degrees.
 Leader in mid day trading was General Motors, up $2.62 1-2 a share to 16 7-Sths, It's low having been 5-8th, set a few weeks ago. "GM' came on the tape in heavy blocks, one purchase of 5000 shares being reported.
 Steel common sold at $40.25 a share, then jumped to $44 and at noon stood at $43, up $1.25 per share in the days trading. Atchi- son gained $6.5O share. Union Pacific $4.00, A. T. and T. $1.87 1-2 la share, being bought at $109.87 1-2 about noon. Western Union gained $3.25, J. I. Case $4.75. American Can 3.37 1-2.
 By noon 2,5OO.0OO shares had changed hands.
 Another Late Rally New York, Aug 8 - GU. F.. - Railroad shares headed a sensation al rise on the stock market to-day, American Telephone headed its division with a gain of IA points to IA IA, thereby adding $111,- OOO, 900 to the valuation of it's out standing stock. From the low of 70 IA. the issue has appreciated A points or more than $814,000,- 900.
 Consolidated Gas rose 3-s | points to 56 3-8, an appreciation in market value for the day of $35,- O0O,O00 General Motors added $114,0OO,0 ,000 to its market value rising 2 5-8 to Is 7-S. Du Pont l largest General Motors stockholdeI was up points at 40 1-2 for ar appreciation to-day of $55,000,0 900 | The afternoon rally was helped along by a spurt in cotton futures l which carried them up s bale 1T the broadcast trading of the year and a rise of 2 1-2 cents from the early lows in wheat. All other com modities made good gains. Bond! continued to advance.
 Among the railroad shares Atch ison rose to 49 up 8 1-2 to heat the group. It retained most of tn, lgains. In the early part of tn, fourth hour 1t was holding at AZ lwhile New York Central was at 2: l5-8 up 3 3-8; Union Pacific 69 1-- Iup 6 IA; Delaware, Lackawanna Western 21 1-2 up 1-2; Delawar, & Hudson 46 3-4 up 6 1-4; South ern Pacific 20 up 3; Pennsylvani, liz 1-2 up 3 3-4; Chesapeake 8 Ohio 19 1-2 up 1 7-S and Norfoll & Western 89 IA up 4 IA.
 Utilities followed telephone ant Consolidated Gas into highel ground, Western Union rose to 8 3-4 up while Public Service O New Jersey was up 46 3-4 at r. and Standard Gas IS up IA.
 Steel common jumped more thar 4 points from its early low to A. 3-8 up 2 7-8. Auburn was holdint at 76 up 3 IA points from the pre- vious close; American Can 54 3-' up 3-4; Case 53 3-4 up 4 1-2 Bethlehem Steel 20 1-2 up ? 1-3; All 1 Reduction 53 7-8 up 2 3-S; Chrys Ter 12 7-S up 3-8; and Coca Cols 100 up 7-8.
 Coppers ruled firm. on higher prices for the metal. Oils were les active in relation to other issues but they held small gains.
 Over in London
 London, Aug 8-UP)-Price: continued to boom on the Londor stock exchange to-day keeping pace with the sensational advance at New York which has added bill lions of dollars to open marke values.
 Except for easiness in British bonds, the entire market rose rap | idly to-day with most or the Duyint centered on American issues. Unit ed States Steel closed at it's bes level in months at an American equivalent of $42.60. a gain of more than $1 share over the previou! New York share.
 Chicago Wheat
 Chicago, Aug-(UP)-Decembei wheat, urged by continued com mission house buying, shot upward on the board of trade to-day for [ 5-8 cent net price.
 The price of 59h cents bushe was 2N cents above the lowest fig ure of the opening. Other graini were encouraged to advance frac tionally to higher ground. Four Million Sharcs | New York, Aug s.--tUP)--Foui million shares hnd been traded ir on the New York stock exchange at 1880 D. m. to-day.
 Up 10 that hour. the Dow Jonei average for 90 industrial stocks had jumped 2.o2 points. 20 rails were ur points. and 20 utilities averaged m bH