Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-13
CURB ISSUES DROP
IN LIGHT TURNOVER
Volume of Trading Decreases
as Leading Shares
Sell Off.
BY JOHN A. CRONE.

Special Dispatch to The Star.
NEW YORK, November 13.-Stock.
on the Curb Exchange today continued
their lower trend, in evidence at the
outset, as the session progressed, but
trading again slackened on the price
decline.
The decrease reported in electric con-
sumption was reflected marketwise In
public utilities, such as. Electric Bond &
Share Consolidated Gas of Baltimore
Middle West Utilities, American Gas &
Electric and Niagara Hudson Power
Standard Oil of Indiana and Cities
Service also eased in the oil division.
Corporate and trade news affected
individual issues rather than group OF
market trends. Thus the nine-month
profit of $149,630, or % per cent less
than in the same 1880 period, reported
by Pitney-Bowes Postage Meter Co
btotight heaviness in that stock.
Transcontinental Air Transport was
active as the September mail tonnage
report showed a decline from that oil
August. Detroit Aircraft sold off fol-
lowing its statement Of a deficit OF
$233,433 for the first six months of the
current fiscal year.
Pipe lines ignored corporate develop
ments. Thus Cumberland Pipe Line, a
majority of whose stockholders today
agreed to a dissolution of the company
did not appear ON the tape during the
forenoon. Northern Pipe Line rose 9
point. Missouri Pipe Line eased
Great Atlantic g. Pacific Tea reported
. DECLINE of 5.4 per cent in dollar sales
for the 5-week period ended october 81
and a drop of 2.6 per cent for the IS
weeks of the year, but gains of $50 per
cent and 11.8 per cent respectively, in
tonnage sales in those periods over 1880
The preferred issue softened.
The oils were not impressed by pro-
posa1s for a world oil curtailment pro-
gram, which the trade insisted could
not be undertaken here because Of the
Governments attitude toward such a
step.
American Utilities e. General Com
mon turned heavy on the omission OF
the. quarterly dividend on the SO cumu-
latiYe preferred, the last payment OF
which was 3712 cents on September l.
Goldman Sachs in the first few hours
was churned about an unconfirmed
rumors of its acquisition by another
trust.
Whatever may be the state of prog
ress in the copper curtailment discus
highly erratic, with the widest losses
being suffered by the South African
producers during the first three hours,
although United Verde Extension hit a
new low at the same time.
Bunker Hill-Sullivan was up point
despite the simultaneous decline in sill
yer futures. In the specialties Mead
johnson gained points. New England
Public Service recovered 3h points,
while Sierra Pacific Electric preferred
dropped 2 points.
Motors generally were heavy. Stutz
was of q point, and both Cord Cor
poration and Ford Motor Of Canada A
lost their recent advances. Ford, Ltd,
reacted after early Improvement.
Opening quotations were mixed, but
most of the active leaders pointed
downward.
Electric Bond 81 Share at 20A and
Cities Service at TIA were each of Il
Standard OIL of Indiana, which was ex-
dividend IS cents today, was up frac-
tionally at %. International Petroleum
at liz lost Y Despite the better
prospects OF a copper curtailment set
tlament, most req metal shares in early
Curb dealings, unlike similar trans
actions on the big board, we're at
lowered levels, but most of the active
Curb coppers were issues of foreign
rather than American companies.
Aluminium Co. of America eased
Goldman-Sachs resumed its rise Mid
die West Utilities and Niagara Hudson
Power were active, but pointed lower.