The Waterbury Democrat., 1933-09-18
Several Stocks In Market Late To-day
 Gained Heavily
Mining Issues, Oils and Some Mercantile Shares Went Up the Line Remainder Lost and They Included United States Steel

for the industry was placed at Al per cent of capacity, off Q point for the week, by the magazine Steel. Weakness in steel was sufficient to offset what ordinarily. would have been an aid in the form of a further dehated dollar. The dollar made record low in terms of the present French franc at 65 cents for the dollar or 6.03 cents for the franc. The pound sterling climbed toward parity, touching $4.S2. At the latter figure, gold in London Ca record high at 131s 9d) would be worth in American paper dollars s31.75 an ounce, which would make the dollar worth 65.72 cents.
 Move to New Jersey.
 Trenton, N. J., Sept 17-(UP)- Incorporation papers for the Na- tional Stock exchange. with offices in East Orange, were filed today with the secretary of state. The New Jersey registration and trust company, was named statutory agent.
 The purpose of the exchange is to. "engage in the sale of stocks. bonds and securities within or with out the state," the paper said. Capitalization consists of 2,500 shares of stock of no par value. Eight shares have been allotted to Harry II. Picking, and one share each to \ Mics M. Messinger, IT,,
 Wheat advanced with the May position selling above $1 q bushcl. It dipped from the highs, rallied and closer uncshanged to up 1-4 cents a bushel. Other grains clos- ed easler with corn down 3.4 cent to IA cents c bushel. Cotton nd- vanced $1.50 a balo and then lost part of the rise. Silver was buoy ant with gold, the spot price ris- ing 3.S cents to 40 l-S cents an ounce, or within IA cent of tho high for tho year touched on July IS. Rubber, copper and sugar futures were high. The widest movers were the mining issues. Homcstake touched record high 36S, up II points. on top of a rise of b6 3-4 points last week. Federal Mining and Smelling which gained 23 points last week, rose 15 points to a new top at i9S, while tho preferred made a new top at 67 up (.
 Other mining Issues to make new highs included Mcintyre Poreu- ping 45 1.S up t.2; St. Joseph Lead 20 7-S sp 2 1.S; U. 5. Smelt- ing 104 1-2 up. l-2; American Smelting as 3.4 up 3.4; Ameri- cnn smalting preferred S5 4 up 5.S. and3 international Nickel 22 f.4 up b-s.
 Gold shares held their gains to the finish. oil issues also wero firm late in tho day on expectation of carly price fixing. New highs were made by long list Including the Standards of New Jersey and California, Tcxas Corporation and Phillips.
 Chemical shares were bid up for n time with now tops.in Air Reduc: ton and Allied Chemical. Allied touched i45h up 6, and closed nt i42 up ih. Chrysler came within a shade of It's high In tho motors but cased to close n { b0% off l. Wet stocks advanced l to moro than 2 points in tho carly trading and then lost nll tho gains.
 American Can was.a a feature in the industrial divis:on. It made a new high for tho year at oS Ia up 2 3.a and closed Ut e7 3-S. Case was depressed in farm equipments after touching S3 i-4 up 3.S' It closed at 80.
 Early in tho session several mor- cantle issues made new highs for tho yenr. and gains in the group ranged to moro than points. Dniry tissues were depressed in tho nftor' noon. Rails moved irregular all day and closed lower. Utillties stcadied momentarily fin the morning, md then resumed their decline. Consol. iddtod gus closed at 43 3.S off l Id | points.