The Waterbury Democrat., 1933-01-09
Market Doing Well Until Near Close
 When Selloff Came
Prices Had Gone Up in the Morning Trading and Held
 Firm Until Just Before End of Business

der of the market was mixed.
 Buying in carriers was partly short covering. Car loadings for the week ended December 31 show ed a 19 per cent decline as com pared with the corresponding week of 1881, but the showing actually was favorable since traders had anticipated larger decline.
 Net operating income for the class one roads in November made a favorable comparison with 1881 in line with expectations. Loadings reports now coming in for the week ended January show a gain over the preceding week but are under the corresponding week of 1892.
 New York Central was strong spot in the early trading. Its rise was inspired by q statement of it's president that 1892 earnings would cover expenses and that the road would be able to pull through 1893. Lackawanna, Pennsylvania, Atchison, Union Pacific and Sou- thern Pacific also were favorites before the late decline.
 Industrial shares did not fare as we'll as the railroads. Steel com- mon slipped off late in the day to a level more than point under the last price last week. The steel industry is now operating at rate of Is to 16 per cent, against 14 per cent 0 week ago, but, accord- ing to the magazine Steel" there Is little immediate prospect of a rise unless 1t comes from current orders. Another factor working against the leading steel stock was the expectation the unified ton- mage statement as of December S1 to be released tomorrow at noon would register 0 decrease as cofn- pared with the previous month.
 A sharp decline in wheat--it lost x to 1 cent a bushel for the day Inspired some late selling egpe- clally in the farm equipment shares, Other industrials wore forced down with them and with U. S. Steel. United Aircraft lost a point and many others fractions.
 American Telephone lost more than 6 point for the day while utilities generally were off frac- tons to a point. Coppers were down small amounts. Automobile issues reacted after early firmness. Oils were dull.
 General Motors held at the pre- yious close late in the day after touching 14M up % from the pres vious close. The corporation re. ported sales to dealers in Decem- Der at 44101 units, against 2,406 in November and 68,650 in Decem. Der, 1881. Sales for the year 1882 | to consumers totaled 510,060 units, | n painst g37437 in 1881.
 Mali order shares held well. Montgomery Ward reported inns proved business in December. That company for the year had sales of
 $1s0, ,069, ,239, against s210,bs5 in 1881, a decline of 17.9 per cent. ! Sears Roebuck's sales for 1882
 were s2s0, ,061,229, against $347,- 209,054 in 1881, decline of 1e.S
 per cent.
 WOOL MARKET
 Boston, Jan 9-(UP)--The local daily wool market report issued toe day by the Boston U. $. Agricul.
 ture department bureau follows:
 "Quotations on wool appear
 fairly firm. Limited trading en-
 courages low bids but most hold.
 CTS are inclined to reject offers
 that are not up to recent selling
 prices. Scattered odd lots arc available at prices slightly under quotations on principal offerings , but such bargains are reported 10 be restricted. Tho receipts of doe | nestle wool at Boston during the week ending January 2, estimated by tho Boston grain and -four ex- change, amounted to 97I710 pounds, as compared with 43S,400 hounds during tho previous week."