The Waterbury Democrat., 1933-04-08
Short Covering In
 Closing Hours Sent
 The Prices Upward
Railroad Issues and Steel Featured in the Recovery
 From Bad Start Earlier in the Market

, week ended April 1 as compared with the preceding week, while the steels were helped by rise of a point to IT per cent of capacity higher prices for scrap at Pitts- burg and improved steel demand in Youngstown district operations for automobile companies.
 Utilities joined the advance be- fore the close and firmer tone was exhibited in all sections of the list. Automobile issues ruled strong throughout the short ses- sion as news from the various units told of increased business. Farm equipments ruled steady. oils con- tinued to register moderate gains. Steel common rose above 90, against @ previous close of 29 1-2, while the preferred gained more than a point. Bethlehem issues were strong and substantial ad- vances were noted in National Steel Youngstown Sheet and Tube, Re- public and American Rolling Mill. In the rail group gains of to 2 points were made by Delaware and Hudson, Union Pacific. Atchison and Lackawanna. Traders looked for improvement in the carrier earnings in the second quarter. Re- suits for the first two months of the year were not encouraging, showing an annual rate of return of only 0.76 per cent on property investment. To-day's loadings re- port showed substantial gains in miscellaneous freight and grain and grain products. Forest pro- ducts and ore made smaller gains, while declines were noted in coal, coke and livestock loadings. A slight reaction in sugar flu. lures brought some profit-taking into the sugar group, but toward the close of the market that sec- tion firmed up with the main list. For time dealings in the general market picked up substantially as shorts covered. Volume eased just before the close but prices held around the best levels of the day.
 At the close. General Motors computation made public its sales in the United States totaled 57,436 cars against 42,280 in February and 4S,717 in March. 1892. Sales to dealers in the United States totaled 45,09S, against 50,212 in February and 48,383 in March, 1892.
 The National Automobile ChamA Der of Commerce estimated March automobile output at 81,370 cars, against 93,402 in February.
 The Stock Exchange at noon ana nounced the total short interest as of April 3. It was placed at 1,464,- S74 shares against 1,654,221 shares on February 27, the last published figure. That was a decline of 189,- 347 shares.
 Sales today tota1ed 44O,00O shares against 447,160 last Saturday.
 Dow-Jones average showed, in. dustrial 59.30. up 0.52; railroad 25:oo. up o.4S; utility, 1888. up
 Aggregate market value of ten leading issues was $4,820,64O.831 against $4,770.9 847 yesterday an increase of $49.671,9S4.
 WOOL MARKET.
 Boston, April SUPP --The lo> cal daily wool market report is- sued today by the Boston U. S. Agriculture Department bureau follows:
 Low bidding on wool its the past week was encouraged by the absence of active buying and the lack of business in goods. Optim- istic views, however, were frequen1- ly expressed and in line with this trend, some buying in the west of Boston firms was reported. Prices realized on the small business transacted were moderately fire. gular with inferior wools easy and the extreme prices recently ses cured on good wools unobtaina ble. At the same time, holders of size. able linesc of attractive wools res fused to make any concessions from previous asking prices"