The Waterbury Democrat., 1933-12-30
By ELMER c. wALZER rr.-aez n--..- Hn...,-,rs,l E1Iffu.

New York, Dec. 30-Stoclxs end ed 1888 in a burst of strength that carried leaders to more than 2 points above previous closing levels and left nearly all issues far above the closfngs a year ago. Chrysler was the outstanding feature of the short session. It mounted to 57 1-8 up 2 IA points from yesterday and the best price that issue has attained since the buoyant days of 1929.
 Other automobile issues were in demand in a demonstration that preceecs the annual automobile show of January when things look bright. They are especially bright for 1894, according to leaders in the automobile industry, who ex- pect a rise of broad proportions es- pecially in the first quarter. New car production for 1888 totaled about 100000 units.
 General Motors reached 35 1-2 up 1-2 point and within IA point of its high for the year. Nash rose nearly a point and other automo- bile issues followed. Auburn, vola- tile issue, rose more than ? points. 1 Motor equipments also were higher. Du Pont, largest stockholder of General Motors, reached new l high since 1881, at 96 3-S, up 2 S-4 points. Chemical issues gen. orally were strong with Monsanto Up more than points. | U. s. Smelling led the silver
 group with gain of more than 3
 points, touching 100 S-8. Gold mining issues were bid up with the I high priced Homestake Mining
 reaching 323 for a gain of points. Howe Sound made a new top at
 3S 3-8, up l 3-8.
 Wet stocks continued to gain.
 American Commercial Alcohol ana U. S. Smelling were up more than
 2 points each, while ScheEley and l National Distillers rose more than ( point.
 Gains of more than a point were
 noted in American Telephone, Case, Cerro de Pasco. Dome Mines, \ Johns Manville, Noranda Mines,
 Westinghouse Electric, and Wool
 worth. Steel common reached
 AS, up 6, and held firm with other steelS.
 I Because of the short session to-
 day, stock traders did not have
 time for the usual year-end cele-
 bration. The gallery was closed to
 visitors. In line with an old cus-
 tom, Richard Whitney. president l of the exchange personally off,
 ciated at the closing ceremony to-
 day, ringing the final gong of the
 year at exactly noon.
 Over on the bond market in a
 room near the stock floor. bush ess
 was brisk and prices gave a rous-
 ing demonstration on the upside.
 All sections of the list advanced, including United States govern
 ment bonds.
 I There were no dealings in com
 modities in New York, all of those
 markets being closed to-day and I Monday. Out in Chicago. a strong l market for wheat was the feature. 1 That grain rose more than ? cents a bushel. Bank stocks lost their gains of yesterday because General ] Johnson turned down the code submitted by the bankers involv- ' jag many extra charges for depos-
 itors.
 :. In the banks, dealings were ra-
 ther heavy in foreign exchange for
 year-end requirements. The dollar
 dropped sharply in terms of the
 leading units. The pound sterling I spurted more than 8 cents and
 other exchanges made coresponding $
 gains.
 There was no Reconstruction Fi-
 nance Corporation gold price an-
 nounced today because of a holiday