Evening star., 1930-12-01
CURB SHARES GAIN
IN SMALL TRADING
Utilities Show Upward Ten
dency, Setting Pace
for Market.
BY JOHN A. CRoNE.


Special Dispatch to The Star.
NEW YORK, December IAN up
ward tendency marked dealings on the
Curb Exchange today, but sales were
small.
The market leader, Electric Bond 8.
Share, rose fractionally, as did United
Light g. Power A and American Com
monwealths Power B. Cities Service
moved within narrow range, most OF
the time being shade lower than its
preceding final quotation.
Public utilities, in joint Of volume,
and motors and coppers in point OF
gains featured the forenoon session.
Oils remained weak, but there was less
pressure directed against the oil pipe
line companies. Railroad and rail- holo-
ing and investment trusts were not
aided by the character OF earning re-
ports nor by congressional proposals oA-
rected against them. -
Nevada California Electric, with an
initial drop of 10 points to 80 registered
the widest downswing in early utlllty
trading. Gains in both net and gross
earnings of United Light & Power ac-
counted for the firmness OF the
shares. American Gas & Electric dur
ing the same period rose l9s.
Ford Motor, Ltd, was the flrst issue
In the motor list to point upward. Inns
followed London cables statlng tnal
1929 sales in England were 100000 cars,
or 1000 less than estimated two years
earlier, but that reduced prices OF
Fords will result in increased produc-
tion. Stutz Motor was unchanged put
turned active following Indianapolis
dispatches that the company had con-
tracted for all of its December output,
had no cars on hand, and was now
booking orders for 1881 delivery.
Price firmness displayed by copper
metal was mirrored in the red metal
shares. Newmont Mining and Noranda
were early leaders on the upside. New
Jersey Zinc later advanced.
Richfield Oil preferred with a loss
of 10 at the opening was one OF the
weakest spots on miscellaneous OILS
Louisiana Oil with an opening lot OF
5,l00 shares enjoyed the largest single
initial sale.
Eureka Pipe Line declined IL points:
to 2814, a new low for the year. M ano
proved the most vulnerable OF the pipe
line shares. Later, however, New YORK
Transit and other issues softened.
Prince g. Whitley Trading Corpora
ton preferred opened higher despite
the omission of the quarterly dividend
at this time. The market value OF
securities, plus cash, less estimated liza
bilities, as of November 26 last, approx
innated S5,350,0o giving an indicated
net asset value of S28.75 preferred
share against market quotation OF
$17.50
The Curb's committee on listing, after
investigating the affairs of Rainbow
Luminous Products Corporation, tenn
porarily suspended shortly after the
failure of Piperno & Co., market spon-
sors. readmitted the A and B shares to
trading today. The A shares opened at
and the B shares at 15s, or approx
mately their closing levels on the over
counter market Saturday.
Diamond Match new common con-
tinued active and, at most stages OF
the market, higher. Mead johnson
jumped points. Fajardo Sugar opened
of a point Detroit Aircraft rose a
fraction in response to President Bease-
ley's statement that so planes, at a cost
Of 81 $50, 900, were to be turned out for
the Government in the next 6 months.
Pennroad Corporation was down shade
and some selling came into Railroad
Shares Corporation.