The Waterbury Democrat., 1932-11-12
By ELMER c. wALzER [
unltea rre.s Rlnanclal EslItorl

lOMl1LM GAI10 ElllINlllaM GNAaNOAl
 New York. Nov 1z- (UPl- Buoyancy in grains. notably barley. helped the stock market extend gains of the last two days despite inroads, of weekend profit-talxing.
 Barley jumped 1-2 to { cents a busheI at Chicago when that market resumed business today aft CT the Armistice day holiday. Wheat was up more than cents a bushei and corn more than Q cent. Strength in barley was directly at- tributed to prospect of iegalization of beer.
 The jump in grains offset an ad- verse car loading report. Loadings for the week ended November to- tailed 588,3S3 cars, a decline of 2gs- z5g cars from the previous week and a drop of 17.9 per, cent from the corresponding week of 1881. A week before the drop from the 1881 week was 16.5 per cent.
 Just about the time the headings report was made public the grain market opened higher. Railroad shares had been sold moderately and 1t was expected the decline would be carried further. Instead a rally set in to benefit the entire market.
 Farm equipment shares respond cd readily to the jump in grains. I. Chase touched 43 1-4 and then rallied to around 47, against pre- vious close of A. International Harvester rose more than point from it's low. Montgomery Ward re- covered an early loss and held steady.
 Steel common. was adversely af- fected in the early trading by word from Youngstown that steel opera tions in the district had declined , points. Other steels were driven down with it. Steel common touched 80 5-8, but later rallied about point. Around the close it was at it's yesterdays last price of 3S 3-S. Small gains were noted in a majority of industrial leaders. Motors ruled steady. Auburn was depressed for a time by profit-tak- ing but 1t regaincd all the early loss. Radio Corporation held steady.
 Aviation corporation was active slightly under last nights close. h. terest was focused on this issue be- cause of the proxy light looming between the officials of the com ,pany and E. l.. Cord, head of Au. burn Automobile, who owns large. amount of Aviation Corp stock. <
 In the railroad shares, Atchis0n touched 45 1-2 and rallied to arotnd 48. 1t closed at 46 3-8 off .1-4 point. Union Pacific closed at 7e up 1-S points. Other Issues of this division held around the pre- TfOus close.
 American Telephone & Telegraph reached a high of 112 3-4 up 1.2 from a low of III. It closed at HE IA unchanged. Utilities generally were steady as were oils.
 Aside from the grain market. the foreign exchange list provided an outstanding feature. That was sterling which continued its recov- cry in progress late yesterday The pound added another cent and cur .rencies dependent on 1t. such as the Scandinavians. and corresponding gains. Anticipation of adjustment of war debts was the incentive to short covering in the pound.
 News aside from the steel indus try was meager, including fewer nbklh GEV5bnB6 tAl4h 4 WCCk xbBOp rise in New York state factory em- pIoyment in October; rise of 16.1 per cent in tire shipments in Oc- 'tober as compared with September.
 According to preliminary calcu- Ilation. the Dow. Jones & Company industrial average stood at 68.04, up 0.01 point. railroad 30.6l, up nv sxxS xxvn
 Sales were 888,752 shares, com pared with 463,010 last Saturday.
 Aggregate market value of 10 leading stocks was $6,077, 7,893.438 against s$6,051,599,041 yesterday, an advance of $26,994,392.
 TOTAL SALES
 New York, Nov 12--(UP)- Sales on the New York stock OK change to-day totaled 100000 ,ay.n .n rae. G,frh afnclxl aalcs were ,12O.-