The Waterbury Democrat., 1933-01-25
Pennsylvania Road
 Paid It's Dividends
 And Market Shot Up
This Railway Paid 50 Cents on the Share and Kept
 Up an UnbrOken Record For SC Years

for ss years. The stock rose sharply and the whole market Armed up in slightly more active turnover.
 Pennsylvania's action was unex- pected enough to bring In good buying here and abroad. The stock mounted to 10 1-4 up t-2 points. Other rails followed. Atchison gained nearly ? points, while gains of more than Q point were noted In Union Pacific, Great Northern preferred, sl.ackawanna, Southern Pacific and New York Central.
 Delaware and Hudson was an exception. It sold off to 45 1-2 off Is points when directors omitted the dividend due at this time and later recovered only small part of the loss. This un- favorable item was insufficient to overcome the good effects of the Pennsylvania declaration.
 Several other Items of railroad news. were available. Car ioadinRs of major systems in the week end- ed January 21, made fairly good showing with the preceding week and year ago. Delaware & Hud- son announced formally 1t had ac- quired 10 per cent interest in New York Central. confirming re. cent rumors to that effect.
 Dividend news of the day cent cred discussion in the financial community on that subpect. Some traders were of the opinion the U. s. Steel directors would order the regular payment on the preferred stock when they meet next Tues day and the stock was bid up more than 3 points. The common stock was firm throughout the day. The Steel corporation made q slightly better showing than the independ. ent companies in rate of operations In the past week, The industry as up a point, according to the week. ly Dow.Jones estimate.
 A more favorable attitude was taken. on the American Telephone & Telegraph dividend which comes up next month, Heretofore the general opinion had leaned to- ward 0 reduction In tho present $9 annual rate. As result of talk of declaration of the regular pay ment, traders bid up the stock to above 10G.
 Utility stocks followed tho list Into higher ground with Consoli. dated Gas rising moro than q point. Motor shares were firm with Au- burn up more than Q point. Gen. eral Motors and Chrysler hovored around the IA mark throughout the session.
 Case was up point at ~ on flrmer prices for wheat. The lat tor markets feature today was It's dullness., It was tho ilghtest ses- sion sineo December 24 and the third day in succession when vol- ume was under 10,000,000 bushels. Other grains were steady. Cot ton was stondy.
 National Biscuit rose moro than uiar dividend after tho close yes- terday. Columbian Carbon and AL ' lied Chemical were strong in the chemical division. Amuseiiicnts were mixed with weasness in Radio- Keith orpheum and Para mount and firnlness in Loew's.
 Electricity output was down from the previous week. ns compar- cd with Q year ago. oil, produc. tidn declined after It's recent spurt. bu tstoeks of gasoline roso sharply.
 WOOL MARKET.
 Boston, Jan 2b-(UP)-Tho lO- cal daily wool market report is- sued today by the Boston U. $, , Agriculture Department bureau , follows: G .ha l,..
 "A very moderate volumo Of business Is being received on fine western grown wools mostly at steady prices. Graded French eombing 04s and finer territory wool brings 40-49 cents, secured basls, 'and a limited quantity of graded strictly eombing staple ,seiis occasionally ak 43-4b cents. Bulk French combing lines of 64A and finer territory wools in original bags sell at 40-41 cents, secured ing strictly combing staple bring A9.A9 eentan