Show SUGAR ISSUES STAGE INCREASE By fly ELMER C. C United Press Freu Financial Editor NEW YORK Feb 1 Utility 16 Utility shares sank to the lowest levels of the depression on the stock exchange today in a quiet irregular session featured on the upside by a rise in sugar issues issues Indications the government soon would force through its bill to eliminate chin elim mate utility holding companies and outlook for further agitation for lor lower rates were responsible for lor the steady eady selling in the group Losses ranging to a point were reduced slightly as the list steadied toward the lose close Weakness in utility shares had an adverse effect on other sections of he the market although some isolated Issues and the thc sugar group were able to o rise for special reasons Sugar shares followed sugar lu- lu turc into higher territory In Ira the theatter latter atter one of the positions made a anew new ew high since 1930 American Sugar Refining Great Western Sugar and South Porto Rico were up fractions to more than a point American Can was among the of issues to make new highs It t reached up point Liquor stocks rose fractions to more than a point with the exception of f National Distillers which eased fractionally in light trading National Department Stores Issues were vere active The common sold down to o off 1 points and the tho pre pre- erred to 28 off 5 Traders interpreted interpreted inter inter- the company's reorganization plan as bearish on the shares Railroad shares were quiet but steady teady a decline de do- dine cline in car loadings Automobile issues were about steady except Studebaker which equaled its low at ati i 1 i off s Gold mining shares were forced lower especially high priced which dropped 8 points to on a single sale Communication issues eased alight alight- ly y with the general utility list Farm arm shares dipped small amounts Coppers Cop pers were steadied by the report that world copper stocks In January had ad been reduced by pounds United States Slates Steel opened at declined to and then rallied slightly Other steels moved nar nar- |