The Waterbury Democrat., 1933-07-11
Alcohol Caused All
 The Sensation In
 The Market To-day
Alcohol Issues Swept Upward From 5 to 10 Pcints- A Few Other Special Issues Did We'll, But in Gen. eral the Market Was Irregular
BY ELMER 0. WALZER United Press Financial EditoF)

New York. July 11-(UP)-Al- cohol issues rose. to 10 points to feature an irregular stock market session today. A few other groups and special issues were strong while the industrial and utility leaders sold off in relatively quiet trading.
 Gains in the alcohols were sem sational. At one time U. s. Indus- trial Alcohol reached 85 up 10K points; National Distillers 1149s up 8M, and American Commercial Alcohol 52N up 8N. all new 1893 highs. Owens Illinois Glass, also in the "wet" group jumped nearly 5 points to a new top at 92H.
 The foregoing gains were sup plemented by a few others. Rail- road shares were strong late in the day as individual car loadings re- ports continued to show sharp gains over 1892. Rubbers rose on outlook for higher tire prices. In- ternational Silver scared nearly 6 points to a new top for the year at 41%. Aviation issues had per- iod of strentgh as did fractions and farm equipments. Steels. except U. s. Steel and Bethlehem, were in demand with new tops for the year or longer in Crucible, Youngs- town Sheet & Tube, Republic and American Rolling Mill.
 The grain market detracted at- tention from the stock market un- til 1t closed at 2:5 New York time. In the last 45 minutes of stock market dealings volume increased. In that period however, profit-tak- ing gathered momentum.
 In the grain market rye futures scared and closed with gains of 8 l1-4 to cents -bushel. Whe1t closed at net gains of 3 3-4 to 4 cents a bushel: corn up 2 1-2 to | 9 3-4 cents: oats up 3-4 to 1-4 cents. Cotton eased late in the day. Sugar futures were higher.
 The rise in grains tended to off, set the effect of a rising dollar which in recent markets has been the signal for g. decline. The dol- far was up sharply in the morning. It eased later and then recovered
 before the close of the stock mar
 ket.
 Leading industrial stocks ap- pearcd to be swayed by the dollars gyrations. Steel common was be- low the previous close most of the day. Other losers included Ameri- can Can, General Motors, Chrysler and Radio Corporation. American telephone was down in the com- muntcations and Consolidated Gas
 eased in 8 lower gas and electric The weekly steel estimate by Dow-Jones placed operations for the industry at 53h per cent of capacity, against 52 per cent in the preceding week and 50 per cent two weeks ago. Independents arc placed at a shade over 61 per cent against 60 In the preceding week, while the U. s. Steel corporation continues to lag behind at only 43h per cent of capacity, against AZ per cent in the previous week. The upturn in railroad issues in the last hour followed favorable
 reports from. many lines on car loadings for the week ended July
 8. Burlington reported loadings 90 per cent above 1892, in contract
 with a gain of 21.1 per cent Q week ago. St Paul loadings werc
 up 37.2 per cent over 1882, against
 a rise of .27.3 per cent in the pre-
 vious week. Chicago < Northwes-
 tern loadings were up 26 per cent
 against 21.3; and Wabash up 15.S
 against 0.8.
 l Business failures were reported
 at 265 in the past week by Dun & Bradstreet, Inc, against 345 in the previous week, and 498 in the cor
 responding week of 1892. /