The Waterbury Democrat., 1933-12-01
Business Very Dull
 hAfternoon Trading
Wall Street Considered Small Odd-LOt Buying of
 AutO Shares the Real Feature
BY ELMER c. NALZER Lrnited Press Financial Editor

A
 New York, Dec 1-iUP)-Stocks rose 1 to more than 3 points in early trading today, turned dull and eased from the highs to end the day irregularly higher
 Lack of offerings rather than in- creased demand accounted for the early bulge which was most prom inent in the chemicals, wet stocks and motors. The latter group featured in activity, Utilities were down small amounts in the late trading and American Telephone at one time met mild selling pres sure. Rails were firm all day but a favorable car loadings report failed to stimulate interest.
 Wall Street considered small odd. lot buying of automobile shares as the most significant development of the day. The automobile indus try is looking forward to a sharp rise in output early next year and it was, recalled that industry was | mainly responsible for pulling the country out of the depression in 1921. Chrysler touched 49 1-2 up 3-4: General Motors 33 1-S up 5-8; Mack Trucks 37 1-8 up l 3-4. They eased from these levels late in the day. Motor accessories also were strong with the automobile group.
 Chemical shares had a burst of strength with Allied Chemical reaching its former high for the year at 1451a up 3h points. Du- Ppnt touched S9A up SB and others were correspondingly strong until profit-taking set in.
 At their highs American Com- mercial Alcohol touched 50% up 2%; Auburn Auto 46A up 2; Corn Products 721s up 2%; Illinois Gen. tral 29B up 11s; Owens Illinois Glass S2h up 2A; U. S. Smelling 94as up 2B and Westinghouse Electric 39ss up 1ss.
 The early advance followed an- other rise in the Reconstruction Finance Corporations price fol gold to $34.01. The dollar de- clined. Stocks were lifted. Then the dollar rallied. The rally was followed by a mid selloff in stocks and commodities and a rally in bonds.
 Grains were firm in the morn. ing but. they slipped off and clos ed lower. December wheat touched S4 IA cents bushel and then dc. clined to S2 7-S cents off 7S cents bushel where it closed. May ant July positions were down l 1-2 te 2 1-2 cents. Corn closed mixed, ur 1-2 to off IA cent. Oats were steady while rye lost 3-4 to l 3-4 cents and barley lost 34 to 2 1-4 | cents. Cotton futures turned dull bu held small gains. Silver dipped from the highs but ruled higher a: did rubber, copper futures, silk flu. | lures and hide futures.
 Business news was tempered slightly by slight slowing ir wholesale and retail trade, but tho | weekly reviews pointed to sustain' ed firmness in major business in dices. Car Headings were down from the previous week but the gair over the corresponding week oi 1882 was greater than had beer anticipated.
 | The 1892 week includes tht | Thanksgiving day holiday ant hence comparisons are thrown ou
 of line... As a matter of fact thu loadings total crossed the 1881 fo | the first time this year, although the comparison is contorted by in
 clusion of Thanksgiving in 193- and not in 1883.
 Sales totaled S10,000 shares against 750,000 shares yesterday Curb sales were. 166,000 shares against 152,O00 yesterday.
 Dow-Jones preliminary averages Industrial, 9S.S9: up 0.75; railroad 3S.43 up 0.25; utility 23.46 off 0.19