Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-11
CURB TURNS HIGHER
ON UTILITIES LEAD
Improvement in Prices Fol-
lows Opening Below
Earlier Close.
BY JOHN A. CROHE.
xN4.&.t. - Ffzhn Ctat


NEW YORK. August l1--After open
Ing slightly lower today, the Curb Ex-
change rallied under the leadership of
public utilities
Electric Bond e. Share was the leader
Of this midday upturn, 1t was followed
by United Light g. Power A and Niagara
Hudson Power Cities Service during
most of this period was shade lower.
Standard Oil of Indiana and Vacuum
again moved ahead.
Commodities played an important part
in influencing price trends on the curb
during the forenoon. Trading was
virtually nonresident until the market
harmed Of the ~eaction of wheat 10 tne
hsarish Winter wheat estimate. Whsn
the wheat market opened steadily STOCK
traders took courage
Quaker Oats opened 1872 points
higher as a result Of the bulilsh crop
estimate on oats. On the other haho,
belated effects of the huge cotton crop
estimate of last Saturday made their
appearance in Worth street. the textile
center and on the security exchanges
todav Cotton textiles shares were ouli
until later in the day. when PeppeIeIl
Manufacturing recovered most OF us ioss
of the previous session. which RESUMED
from the announcement OF plans 10 cur
tail operations. s,....
AS manufacturers VI
competing with cotton sharpened tneir
nencils and did some serious f1guring'
stock traders did likewise, The result
was that Celaaese Corporation OF Amer
lea participating preferred fell points.
RiRelow- Sanford Carpet lost more IMAM
: point and Allied Textile lines were IN
clined to heaviness. -
The Ford shares led the motor nst'
Ford Motor. Ltd, being the most active,
- u
the best price gain. Cord Corporation
was more active, in sympathy with the
heavier turnover in Auburn.
Cumberland Pipe Line, after jumping
o points Monday rested in the forenoon
fodav The squirt followed announce
rnent that the company had received an
offer for some of its properties. IL is
believed this offer came from Manutac-
turers' Light, Heat & Power Co. though
this could not be confirmed. Manulac-
t,lrers' Light recently bought part Oh
Southern Pipe Line. Eureka, which sd-
vanced Monday, was inactive today.
eureka connects with Cumberland at
the West Virginia State line.
strength in Affiliated Products
whose MANAGEMENT is closely connected
with Drug, Incl, and American Home
Products. both of which have been
mentioned frequently in merger rumors.
was feature III ele' h'uuSU i@Ao IA VIZ
third hour.
Crocker- Wheeler Electrical lost a
point. while Crowley Miner recovered
more than that amount. Aluminium
Co. Of America rose about 3 points at
one time and Newmont Mining i'm
proved. Deere & Co. was up slightly.
woolworth, Ltd common provided the
bulk of trading in British industrials.
Montreal Light. Heat e. Power was
strong spot in Canadian utilities. Cen
eral Aviation, one of the few active air
shares, eased.
Insurance Co. of North America was
down a point and other insurance
shares Jagged R. c. Williams, one of
the few food packing companies to APP
pear on the tape, softened De Forrest
Radio featured the radios IN the FIRST
few hours both in point of demand and
in width of fiuctuation.