The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-09-09
BY ELMER &. WALLER,
United Press Financial EDITOR

NEW YORK, Sept. 9. - Today's
short session on the stock exchange
the first Saturday sincee July 22-
left the market just about where
it was last night. Small gains here
and there were offset by small de-
clines in other sections, and volume
was at an almost irreducible mini
num-.
A sharp rise in the dollar paral-
Icing a drop of so cents an ounce
in the price of gold was offset as
an adverse actor by a better than
expected a loadings report for the
week ended Sept. 3. Commodities
were lower with wheat down more
than a cent a bushel. while bonds
yer irregular with United States
government issues higher. Dealings
were dull on all markets.
American Dollar Strong
The report on car loadings showed
an increase Of 34.654 cars over the
preceding week and an increase Of
los 327 yer the corresponding week
of 1882. The seasonal rise at this
time should be 80 per cent over
the preceding week and today's re-
port showed a gain of 5.4 per cent.
bringing the loadings total to a new
high for the year at 666 ,652 cars.
The dollar opened strong in all
markets and gained further in later
trading. The gold quote in London
dropped to a new low since Aug. 80,
and the treasury fixed the price at
S29.12 per ounce, against $29.62
Friday. At the $29.12 price the dol
lar was equivalent to $70.98 gold
cents, against 69.78 cents Friday.
Gold mining shares held around
the previous close and so did the
rails, since the market appeared to
pay no attention to any immediate
news. Homestake Mining sagged
IL points to 1884, near the close,
but the others were little changed.
Union Pacific, which lost six points
Friday was steadier today.
Steel News Favorable
NcdI blIC ClOcC VI lIlG HldIkSL
shorts covered moderately in United
States Steel common in event the
monthly tonnage report made a
better than anticipated showing.
Steel rallied on the covering. Other
steel shares were firm on higher
prices for several steel items. Ma
tional steel rose more than a point.
The steel report issued at noon
showed a decline of 129, 1881 tons
which was not much out of the
way from the estimates.
The monthly automobile produc-
ton figures of the national automo-
bile chamber of commerce, also is
sued at noon showed August pro-
duction of the principal producers
except Ford at I'll ,145 units, 213
per cent over the output for August,
1892. Automobile shares were dull
and steady. General Motors closed
at 32i2, up p, and Chrysler AIS,
off 4.
American Telephone and Tele-
graph made a good showing again
on investment buying. 1t closed at
its high of 128, up IS for the day.
American Can held steady and
closed at 9O3s, up 10. Utilities were
easier with Public Service off more
than a point and Consolidated Gas
down f~ractionally.
Wet Stocks Firm
Wet stocks we're firm most of the
session as were coppers and a few
special issues. Mercantile issues
we're mixed around the previous
close. Hazel Atlas Glass rose more
than a point in its division.
Stock sales totaled only $50, 900
shares or at a rate of 700 900 shares
for a five-hour day. The last previ-
Gus Saturday session-July 22-was
in marked contrast with sales, total
ing 4.224.0 7 shares.