The Waterbury Democrat., 1933-11-27
By ELMER c. wALZER United Press Financial EditOr.)


 New York, Nov 27.-(UP)- Bulls in stocks and commodities, and bears in the dollar were routed to-day in various markets.
 The dollar rallied sharply in terms of foreign currencies, while stocks dropped at an even faster rate than sterling and the franc. Bonds rallied.
 Stocks were driven down 1 to 6 points in accelerated turnover. Tickers at one time were behind the market. Wheat lost fractional ly; cotton was down 75 cents bale; silver lost more than 100 points; rubber broke more than a half cent a pound. The latter suf- fered through uncertainty of the conference on restriction of output, while silver was affected in part by higher world production of the metal.
 Selling gathered momentum on the stock exchange as the close |neared. Mining issues and recent speculative favorites were hardest hit. Highest grade industrials. rails and special issues, however. joined the decline. Farm equip ments were weak with commod- ities. Utilities were off partly on the decision of Knoxville citizens to build a municipal power plant. There was nothing tangible on which to base the decline. The dol- lar strength was not accounted for either. It probably represented short covering by Europeans who interpreted recent sound money talk as likely to change the admin istration monetary policy. There was no substantiation for the lat ter theory. ~ Strength in the dollar was help full in returning confidence to hold CTS of United States government bonds and pressure in the group relaxed. The treasury will float more than $700,00O,000 in bonds December 15 and it was believed the dollar would be kept firm until that operation is out of the way. Business news continued favor able. Individual roads reported improved car loadings for the week ended November 25. Atchi- son reported a rise of 1.1 per cent over the corresponding week in 1882, against 8 rise of only 1.7 per cent in the preceding week. Steel operations held steady. Oc- tober automobile sales were esti- mated 116 per cent above the cor responding month of 1892. Several companies declared regular diyi- dends, and one-South Penn Oil raised it's dividend.
 U. S. Smelling was hard pressed, dropping to 86 Is off 7-8, while wide losses also were noted in the remainder of the mining group, in- cluding American Smelling, McIn- tyre Porcupine, Cerro De Pasco, International Nickel and Anacon- | da.
 Chemical stocks, recent favorites, made wide declines. Allied Chem ica1 lost more than 3 points as did Mathieson Alkali, while Du Pont was down more than 4 points.
 Case lost more than points in more than in the communica- tions where American Telephone | was down more than point; American Can points in its divi- sion; Celanese nearly 3 in the | textiles; Chrysler nearly 3 in the motors; U. S. Steel 2 points; Sears Roebuck 3-4 in the mail order group; Goodyear more than 3 in the rubbers; and New York Gen. tral 1-2 in the rails.
 Wet stocks moved up against the trend on the big board and curb. The issues had been over- sold recently, according to Wall street, and were being taken on prospects of boom when repeal becomes actuality week from tomorrow.
 Sales totaled 1,560,000 shares, against 1,42O,O00 shares last Fri