The Waterbury Democrat., 1934-08-07
BY ELMER 0. WALZER fV1nfted Press Financial Editor)

New York, Aug. 7-(UP)- Grains again played the dominant role in the nations markets today while the stock market continued dull.
 About A dozen relatively active stocks broke out of a point area as the general list fluctuated in a fractional range. Near the close as grains came back from de, cline by profit taking the general share firmed and closed irregular.
 Among the wider movers were Union Pacific which made new 1894 low at 90 7-8 off 4 1-8; At chison 45 5-8 off 1 7-9; Chrysler 29 IA off 1-2; corn products 56 IA off IA; Pullman 40 3-4 off LAO; and Pere Marquette F off 2, all new 1894 lows.
 Gold miners ran into selling for a time with Dome touching AZ off points and others making corre- spending losses. They rallied from the lows. At one time the silvers met some profit-taking but they rallied late in the session, aiding many other issues to register small recoveries.
 General Motors corporation common stock was the most active issue on the board with Chrysler second. Metal shares provided considerable activity in the business done and other active issues in- cluded U. s. Steel, New York Gen. tral, and Montgomery Ward.
 Overnight announcement of a 50-cent extra by General Motors brought bit of optimism into the street. The stock opened 4,000 shares at 82 1-4 up IA points from the previous close. Other motors firmed with it but interest Jagged in them and soon Chrysler had pierced its 1884 low with un- settling consequences for the gen. eral market.
 ~ Payment of 50 cents extra to General Motors stockholders means about 45 cents share for, Du Pont Stock as the latter is the largest stockholder of the Motors corporation. That proved stim- usus for Du Pont and the issue reached S6 7-S where it was up 2 points from the previous close. It later sank below S5 but recov- cred before the close.
 Drought conditions were brought home to Wall street when gov- ernment official estimated the Ma tion had lost $5,00O,0O0,000 as a result of the dry weather. That led many traders to unload the Granger Rails, mail order shares and farm equipments, accounting for the l to point loss in these issues.
 United States Steel made small gain in the morning, declined to a net loss of more than a point and late in the day recovered part of the loss. American Telephone re- gained most of a one-point de- cline. Bethlehem Steel lost more than a point.
 Oil shares were steady to firm near the close with gains in Royal Dutch and Amerada. California Packing made a small gain. Utili- ties held we'll with Consolidated Gas up frationally. Aviation issues were little changed.
 Wheat and other grains ran into considerable profit-taking after another bulge in the morning when Liverpool and Winnipeg markets, closed yesterday, were soaring to catch up with the American mar kets. Before the close all grains recovered. Wheat closed at gains of h to 4 cent a bushel; corn up h to N cent; rye up 4 to 1M cent and Winnipeg wheat up 3M to 3A cents. Cotton gained as did all other commodities, in cluding hides. July and August, 1885 sugar sold at cents pound for the first time in four years. Bar silver made a 5-year high at 473s cents an ounce. A