Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-09-04
BUYING
APPEARS ON CURB
Industrial and Mining Issues
Higher-UtiIities Are
Heavily Sold.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, September Awhile Sc
Iective buying sent many stocks on the
New York Curb Market to new hlgn
levels today, profit taking proceeded IN
other issues which have scored big gains
recently, giving the market hgniy
irregular appearance. :,
Industrials and mining issues ruleu
generally higher, but utilities and OILS
were inclined to ease, and motors oe-
cl;ned slightly. Aviation issues were
strong, while the investment trusts
showed a mixed trend.
Standard Brands remained a favorlte
in the industrial section, going to q new
high at 41A on the acceptance by
Fleischmann stockholders Of the terms
of this Morgan food combine. 1t opened
on 10000 shares.
Lair Liquide was again spectacular
performer, soaring 8 points to q new
high at 116R, continuing the advance
which followed the sharp rise OF the
French stock on the Paris Bourse on
Monday.
Walgreen jumped points to new
peak at 1858, Minneapolis Honeywell
rose 21h points to a fresh high at lob
and Polymet reached its maximum for
the year at 927s, up nearly points.
All three of these stocks had set new
highs yesterday.
Dubilier Condensed continued its de-
cline, following last weeks advance on
the success of its patent litigation.
Tubize sold at $50, off 1712 points, and
Aluminium Ltd, eased. General Bak-
ing advanced slightly on 10000 share
sale.
Mohawk Mining. after its point rise
yesterday, established a new peak at
81 3-8 on the announcement to stock
holders of half year earnings OF $3.50
share and net quick assets Of $40.84 a
share. The company'S present mines
have been well worked, but the life
of the company has been heightened
by important acquisitions of additional
properties. Noranda also was higher
in the mining group. but Newmont lost
part of its previous gain.
Pennroad Corporation ruled slightly
higher on announcement that 1t con-
trolled National Freight Co., organized
to give Container Car and General For
warding Service on the Pennsylvania
and other roads.
Associated Gas & Electric, rising to
o new high at SO 7-8, and the Electric
Power Associate issues, again reaching
New high ground, were features among
the utilities. Electric Bond q Share
and American Superpower failed to re-
spond to rumors of a merger, the former
dropping 4 points of its yesterdays
gain, and the latter falling 2 points.
Other soft spots in the utility section
were American Gas, Allied Power &
Light and United Light & Power In
sui Utility rose 2 points and Middle
West Utilities points.
Gulf, Standard of Indiana and Hum
bic tended easier among the oils. Day
ton Aircraft touched a new peak at
43R and Niles Bement-Pond also
marked the aviation group with a rise
of 3 points.
National Investors stood out among
the investment trusts, setting a new
high at 268, up points. Goldman
Sachs Trading and Transamerica were
stronger, while Tri-Continental eased.
General Electric, Ltd, the British
company, ruled higher on publication
of an analysis showing that it charges
as much for depreciation each year as
it pays in dividends. Its earning power
of SO cents a share does not include the
equity in subsidiary profits, it is re-
ported.