The Waterbury Democrat., 1935-09-14
Profit Taking Aided
 .M Smashing or Prices
Demand for Copper Shares Was Helped By Rise in
 Foreign MetaIs-AII COppers Here Went Up

6AHCttkuBe <AAAACOA4& 4Ae0 AAgAMA9VAs U. s. Smelling touched 1Ot 1-2 up 1-4 points but later lost half of the. gain.
 Some of the baking shares and special issues made gains. Purity Baking made a new high for the year, and General Baking was fairly active at small gain. Grey hound and American Bank Note made new highs for the year. Ain- erican Can rose point. Fractional gains were noted in MonsantO Chemical, Commercial Solvents, and Alaskan Juneau.
 New York Shipbuilding pre- ferred broke more than points when directors omitted the divi. dend and the common lost point.
 Leading industrial issues were fractionally lower. Small amounts leading motors. Electrical equip of short selling came into the ments sagged. Rails dipped frac- tionally and oils resumed their decline.
 Steel shares were steadier than the genear list.
 the general list. The most encour- aging news for the industry was a pickup in operations in steel dis tricts which turn out heavy steel Building issues failed to advance on highly favorable reports from the building industry. F. W. Dodge reported residential construction for the first eight months of 1895 at the best level since 1881, while all construction made a similar record exceptiong peak PWA periods.
 Warner Brothers Pictures got market. It rose to new high for the year, while the preferred jumped nearly 2 points. Great Northern preferred which had de- clined from 26 3-4 to 26 1-S met enw cdmad just before the final gong and other rails rallied.
 Bonds were featured by further weakness in United States Gov ernment issues and a rally in Ger man loans, the latter aided by a plan to pay interest on the Younfi plan and Dawes plan issues.
 Grains olst fractionally and rub Der also dipped lower. Cotton was quiet fluctuating in a narrow range about 50 cents a bale under the previous close. The French franc ralliel to feature foreign exchange transactions.
 Cotton Consumption Washington, Sept. 14-UP)- Cotton consumption for August to- tailed 4OS,41O bales, the bureau | of capcrc ranorfad fOdav | This compared with 421 ,451 bales for August year ago. Cot ton consumption for the year end- ing July 31. 1885 was 5.359,S3S bales compared with 5,70O,253 bales for the same period the year before.
 Stocks of cottin on hand Aug. 31 in consuming establishments amoutned to 644,926 bales com pared with 1,076,9S2 a year ago.
 In public storage and at com
 presses the report showed 5,S92.- S36 bales compared with 5,S23,93J a year ago.
 Cotton spindles active during August amounted to 22.046,652 compared with 24,1S1,776 last year at the same time.
 Consumption in cotton growing states was 342.935 bales compared with 336,4S7 in August last year. New England states consumed 52.- 505 compared with 72.742. a year ago. All other states consumed 12,970 with last years consump- tion of 12,222.
 Included in the consumption figures were 4,700 bales of Egyp- tian cotton compared with 7,lS1 a year ago. Other foreign cotton amounted to 3,S94 bales compared with 2,975 in August, 1884. American Egyptian cotton amounted to 1,957 bales compared with 882 a year ago. Consumption of linters was 57,- S66 bales compared with 61,S0S a year ago.