Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-28
UPSN|NG ON CURB
(ISLED BY UTILITIES
Natural Gas Shares Featured
in Advance-0il Issues
Are Strong.
BY JOHN A. CRoNE.

Special Dispatch to The star.
NEW YORK, October 28.-An early
rally on the Curb Exchange today held
well as the session progressed. Public
utilities, especially natural gas shares,
led the upswing, with petroleum shares
and numerous other sections Of the list
likewise flrmer.
Electric Bond g. Share moved within
q range of a point, but its backing and
filling was not followed by other power
and light securities. Cities Service was
slightly lower, but 1t was not typical OF
the trend among many of the Standard
and miscellaneous oil shares.
National Fuel Gas, which to Wall
Streets way of thinking is always as
ISOLATED with Standard Oil of New Jer-
sey interests, featured the natural gas
shares as It rose nearly points by mid
dey. Responding to the comment of the
president of the company that both
September and nine months profits
were above those Of a year ago, Lone
Star Gas likewise advanced.
United Gas in forenoon dealings was
up about half point and some of the
other low-priced gas stocks like APP
palachian, improved. The latter has ac-
quired the remaining Is per cent of
outstanding Texas Gas Utilities Co.
common stock
Better Sfeeling marketwise toward
RAN shares, perhaps due to the extra
dividend declaration Of Norfolk q
Western, was mirrored in Pennroad
Corporation, which owns shares in the
former company.
United States Lines preferred more
than recovered Mondays loss, respond
ing to the earning statement, which
showed net profits, from date of acqui-
sition of various steamers to Septem-
Der 80, 1880, of $1,538, 1913 after all
serial payments on funded debts, ac-
crued interest, 100000 dividends on
preferred shares, and reserves for all
taxes.
Humble OIL, which cut prices per bar
rel an average of Is cents in Texas
fields, was the first Of the Standard Oil
issues to improve. It was followed by
Standard Oil of Indiana and Standard
Of Kentucky.
Chilean Nitrate was the chief
mover in the mine group, though the
copper shares were active on the be-
lief that some sort of agreement would
be reached to stabilize world red metal
quotations. Anglo-Chilean at times was
up more than 2 points.
Trading in the forenoon aggregated
ZOE, 800 shares, compared with 1900
In the same Monday period The gain
In sales was accomplished without the
appearance of many large blocks, trad
ing being scattered over q wide group
Of securities. Gables & Wireless, Ltd.
3 ordinary shares sold in the largest
block in the forenoon session as lot
of 1900 shares appeared at 70, I'M
changed.
Food shares came in for a moderate
amount of attention. Swift g. Co. turned
active and Mead johnson gained about
O point. In the electrical manufac-
turing group Croker Wheeler was
steady. Its weakness last week was
attributed to selling for the account Of
customers of Philadelphia firm re-
Gently suspended.
Prince & Whitley preferred was q
leader In the trading corporation list,
its movements later extending to the
common stock Actual valuation OF
these shares viii depend on final settle
ment made by their former brokerage
house sponsor, now bankrupt. Present
audits, which may have to be changed.
indicate asset value ranging from $67
to SIS q share on the preferred, which
has par value Of $50.