The Waterbury Democrat., 1933-07-12
Special Issues In
 Market Late To-day
 Scared Away High
They Jumped From to IS Points-Main List Had
 Slight Advances and Were Firm m- Alcohol and Other Wet Shares Were Sensational
BY ELMER c. WALzER United Press Financial Editor)


 New York, July 12-CUP)--Spe- ciai issues scared to 15 points on the stock exchange today while the main list ruled firm at small advances. Trading wAs fairly active although under yesterday. Alcohol and other wet shares were sensations in the early after noon when 1t was learned Oklaho- ma had voted in favor of beer. American Commercial reached 66 IA up 16 IA points, while Nation al Distillcrs was bid up to 116 1-4 up 6 1-4 points: U. s. Industrial AL cohol 90 1-4 up z 1-2 and Owens Illinois Glass 93 1-2 up 4 IA points. all new highs. Standard Brands ran up to a new high as did Anchor Cap and nearly all other issues of the wet group.
 Strength in the wet division was factor in turning the market about from an early decline. Shorts who had made new commitments in the morning when grains were lower and the foreign exchanges were mixed i.l relation to the dol- lar, covered their commitments. Those whoshad sold the a1cobols covered at heavy losses.
 Grains turned about and closed higher in most instances. Cotton futures scared to new highs since 1881 on gains of more than $3 a bale. The dollar weakened late in the day.
 In addition to the alcohols, va- rious other special issues had broad gains. Western, Union soar ed more than points to a new top on favorable earnings report and indications the dividend soon would be restored. Pullman advanced 2 points on declaration of the regular dividends. Oils were bid up on an executive order signed by, President Roosevelt today prohibiting inter- state transportation of oil unlaw- fully produced.
 Transamerica turned active in the afternoon and on blocks of 5000 to 13,000 shares mounted to a new high for the year. Chemical issues, noatbly Columbian Carbon and Commercial Solvents were strong. Du Pont picked up in the late trading. Allied Chemical made small gain.
 Railroad issues were ragged most of the day. They lost ground in the morning but later recovered with the exception notably of Un- ion Pacific which was down 3 points. Car loadings for the week ended July will show a substan- tial decline from the preceding week on account of inclusion of the independence, day holiday, and the percentage rise over a year ago also will be under the previous week.
 Another substantial gain in elec- tricity output helped the Utilities maintain moderate gains. Another rise in steel output, this time to 59 per cent of capacity, was an aid to the steels. U. s. steel common was a better performer than in the previous session but was not the leader it had been in recent mar kets. Demand was noted for re- public and Youngstown Sheet & Tube.
 International Nickel swung a. head near the close. Silver shares were strong with another broad advance in International Silver which yesterday gained 1--2 points. M
 Auburn automobile was carried up 10 1-2 points to new high at .78 1-2. Chrysler also was strong and General Motors firmed up in active turnover. The National Au- tomobile Chamber of Commerce today reported June production of