The Washington times., 1930-05-13
Natural Gas Shares

Natural Gas SnareS
Experienced traders and in
vestors have found that, over a
period of years, investment in
stocks of infant industries usually
pan out huge profits. Perhaps
one of the best instances of this
growth is in the radio industry.
Every old trader remembers When
Marconi Wireless sold at 81
share on the curb. The old Mar
conf Wireless is the Radio Cor
poration of today which sold over
$500 a share last year. The out
standing infanty industry today Is
Natural Gas. and readers Of this
column are likely to find frequent
mention of important natural gas
stocks during the next few
months. The industry is growing
and the present plans Of banking
powers to consolidate some Of the
leading companies probably will
result in a boom comparable only
to that of the public utility stocks
last year.
Among the leading natural gas
shares that should move ahead
soon is American Natural Gas,
selling around 16 on the Curb
i Exchange.
Columbia Gas
One of the few public utility
stocks to show gain on the day
yesterday was Columbia Gas
which held its strength in the
face of the weakness throughout
the list in the late trading. It Is
believed the explanation of this
firmness is to be found in the
company's large holdings Of
natural gas properties. In add1-
ton to that, there was a report
that United Corporation would
make an offer to absorb Columbia
Gas. on a share exchange basis.
There was no official comment
on the rumor.
Appalachi. / Gas, currently sell
ling around 13 on the curb, holds
promise of sharp advance over
the next week or two. The com.
pany has purchased a one-thlrd
interest IN Memphis Gas.
Copper Shares
The copper shares enjoyed a
substantial advance yesterday,
while other groups all through
the list were depressed at the
close. It is not believed the I'm.
expected increase in the price OF
copper metal warrants the sharp
rise in these stocks. In fact, It
is not thought any material rise
is warranted until existing heavy
inventories of metal are substan'
TALLY reduced. One should not
be surprised if profit taking IN
the next day or two did not IN
fllct a sharp cut IN the gains
registered by the Coppers in the
last few sessions.
In quarters close to the House
of Morgan-sources that usually
call the markets turn right-lt
was said that American Power
and Light and Electric Power and
Light should be bought at the
market.
Electric Autolite
Strength and activity of Elec
trio Autolite we're based on Off
clal statements that April was the
best month in the company's his
tory and that this quarter will
bring forth an unusually favor
able earnings statement. I'm.
provement in automobile stocks
yesterday was favorable to Auto
lite for the company's future
progress depends In a large part
on the automotive industry.
The pool, recently organized in
Glmbel Brothers seemed to have
difficulty in finding following
AS a result, the group has fallen
dead"
NYRBA Lines
The New York, Rio, and Buenos
Aires Lines. Inc, better known
as the NYRBA Lines. has just
issued the earnings report for
the first year of its existence,
showing net profits of better than
So per share for the period from
March II, 1929. to March !, 1880.
Earnings we're better than had
been anticipated. in fact, the
years operations turned out more
favorably than the officials had
hoped. Several new lines have
been opened and the business out.
look for the immediate future is
regarded as favorable. The stock,
listed on the curb, has been show.
ing new activity, and is selling