The Waterbury Democrat., 1933-04-10
By ELMER C. WAI.ZER United Press Financial Editor

ITcSS bDuDCihl
 New York, April 10-(UP)-The stock market roared into action at the opening today and continued it's boom in the last few minutes. closing with q flourish of strength in heavy active turnover.
 Tickers shortly before the close were unable to keep up with the market.
 Sandwiched between the early and late booms was q strong list in all divisions, notably the steels and silver issues. The closing spurt was featured by farm equip ments which scared on q further demonstration of strength in grains Wheat closed up 1 to l IA cents bushel and other grains made corresponding advances.
 News of the day was distinctly bullish. Steel operations were stepped up 2 points; tin plate operations up points: untitled tonnage of the U. $. Steelcorpora- . ton showed a drop of only small amount of the most optimistic es- inmates; retail trade improved on Easter demand; indications were that something favorable would be forthcoming for the silver pro ducers.
 The last hour buying rush came shortly after the street was aprais- ed of a bill introduced by Senator Borah to compel daily publication of short sales. There was no way to determine if this had any di- rect effect on short covering, al. though much of the buying was provided by the shorts who were thoroughly frightened over the bet. terment in major industries whicf would be reflected in higher stock market prices.
 In the course of most of the ses- sion, J. l. Case ranged between 47 3-4 and 46 -4. In the last few min. uets of trading it shot up toward 50, against q previous close of 1, 1-4. Other farm equipments fol lowed.
 The favorable steel news brought U. $. Steel up above 32 for gain of nearly 2 points. National StecI and the Bethlehem issues made new tops for the year. Substantial gains were made by Youngstown Sheet x Tube, American Rolling
 
 The silver mining. smelting and manufacturing stocws were strong features throughout the afternoon accompanying a rising silver mar ket into higher ground. The prin- cipal smelling issues, American Smelling common and preferred U. $. Smelling and Federal Mining x Smelling, rose to new tops for the year at gains of l to 8 points. International Silver issues were strong and active.
 Copper shares joined the up- turn when the price of copper met al firmed up here following a gain in London. All of the issues made gains of fractions to point. h. ternational nickel equalled it's high for the year.
 Standard Gas spurted more than 2 points in a strong utility group It was aided by a favorable earn ings report. American Telephone crossed 95 in the communications late in the day after ranging be- tween 92 5-8 and 93 1-2 earlier The stock closed at 92 IA on Sat urday.
 Railroad issues followed tn other groups up. Union Pacif jumped 3 points to G6 3-4 ant others made gains of l to more than points.
 After the close of the market tho department of agraculture issued it's April l condition report. plac. ing the probable production of win. ter wheat at 3340S7,000 bushels That compared with the. average of private estimates of 371, 900, ,OOG and the Swear G92G-3O average of 589,O0O,000 bushels. The report was considered highl ybullish for the wheat market, but somewhat bcarish on the southW estern rail- roads because of prospect of re- Guced grain loadings.
 Winter Wheat
 Washington, April 10-UP)- The agriculture department to-day