The Waterbury Democrat., 1933-04-22
Bears Were Handed
 Trouncing In Late
 Trading In Market
They Were Selling Marked
 Short and Late Buying Rush Sent the Prices
 Up From 1 to 4 Points This Afternoon d

New York, April 22-(UP)@ Bears who had the temerity to sell the market short in recent sessiona were given a severe trouncing in q late buying rush to-day on the stock exchange to-day.
 Prices which had been moving irregularly lower in the early deals ings suddenly shot ahead to net gains ranging to more than 2 points.
 Tickers ran behind the marked in the last few minutes of trading and 1t was necessary to skeleton- ize the quotes on the tape. A long list of issues moved into new high ground for the year.
 Rails led the upturn following publication of the weekly car load- ings report. For the week ended April IS, car loadings on the na~
 tion's railroads totaled 494,215 cars, an increase of 6,919 cars over the preceding week. Miscellaneous freight loadings were up sharplys
 while coal loadings made season- al decline of 2,000 cars.
 Gains in the rails exceeded two points. Atchison, New York Cen- tral, Union Pacific and Pennsyls
 yania were in demand. The care
 riers met profit taking at the opens
 ing following their spurt into new
 high territory against the trend yesterday.
 Tobaccos were whirled up al
 gains ranging to more than 2 points. American Tobacco issues
 were buoyed up by statement from the company that April for the first time in months sales of it's cigarettes exceeded the corresponds ing month of the preceding year Liggett & Myers B., jumped more than 2 points to new high for the year. Other tobacco issues ruled firm.
 Gold mine stocks gave anotheH demonstration of strength on th4
 theory the gold they produced
 would command 8 sizeable pre4
 mium if imitation were carried out
 on a large scale. Homestake MinA ing jumped to a record high of 2O3t All the others made new tops fo4
 the year. he gold group in addts ton to Homestake embraces Mo-
 Intyre Porcupine, Dome Mines Alaska Juneau and Noranda Mines Gold mining shares made neW highs on the curb. CtTOHBLH HI bllVcE AutuTCb aus companied announcement of planG to stage a joint silver conferencd including house and senate advo@ cates of silver legislation. Silver futures regained Q large part of their Joss yesterday and silver stocks moved up several points. Higher prices for copper brought buying into the copper group where sizable gains were noted in Inter. national Nickle. American Sm elt- ing, Cerro de Pasco, and Anaconda Copper. Higher silver prices also
 helps this group which obtains silver as a by-product to copper
 production.
 oil shares came into prominence when it was learned several com- panies in the east planned to in- crease gasoline prices shortly. So- cony Vacuum was bid up on heavy | turnover on favorable earnings
 report. oil shares generally rose | fractions to 8 point.
 Aviation shares were again active | with several at new highs. Steel common, led the steel group up, | crossing AZ. Utilities recovered
 part of recent losses with Ameri- | can Telephone crossing 94. Sugars | rose as sugar futures ruled strong. Liquid Carbonic was 6 strong spec- | ialty.
 Other grains rallied in sympathy. at 10:30 q. m., wheat prices were: May, 66 IA, up 5-8 cents a. bushel; July, CT IA, up 5-8, and Sept 68 3-8, up 3-8 cents. Those prices were mode than a cent higher than the low levels earlier inu the morning. whei reports of
 rains in the southwest brought a flood of selling.