Evening star., 1932-01-04
CURB ISSUES DROP
IN SMALL MARKET
Leading Stocks OF Fraction
aIIy--Motor Shares Un-
der Pressure.
BY JOHN A. CRoNE.

Special Dispatch TO The star,
NEW YORK, January 4.-Resuntng
the trend that marked the close of the
first session of the year, the Curb Ex-
change opened lower today and con-
tinued TO drift towards lower levels, but
trading slackened as prices declined.
Electric Bond g. Share opened un-
changed but at midday showed a net
loss of N. Cities Service was off 4 at
this time after opening with a frac-
tional decline. Standard OIL OF Indiana
Welded 81 to the IA level after inittally
appearing unchanged.
South Penn Oil proved one OF the
weakest spots in the Standard on d.
vision. as it opened down 2 points at
10. Standard Oil of Ohio at 2612
showed a drop of IL points. Frac-
tional losses were registered during this
period by Standard Oil Of Kentucky,
International Petroleum and Imperial
Oil of Canada. In the miscellaneous
oil group, Gulf Oil was unchanged but
inactive.
Pressure was resumed against the
motor shares. Ford Motor of Canada
A was the first to decline. 1t soon was
followed by Cord Corporation, but
Ford Motor, Ltd, at this stage showed
stubborn resistance.
Curb stocks were lower at the open
ing. -.o,,
American Natural Gas common stock
WAS suspended from trading on the
curb Exchange until further notice:
The company like its parent and
affiliates, Is under the process OF re-
organization. Its closing sale SATURDAY
was at 3-l6, up 1s for the day IL mao
q 1881 range from 57s TO l-lo; Near
the end of 1880 the stock solo ABOVE
S20 share. -.
fered from some MidWeStern and Pa"
cific Coast LIQUIDATION in the forenoon,
which accounted for the decline OF 4s4
IN Arkansas Power & Light preferred
and losses of a point each In Electric
Bond g. Share IS and S6 preferred ana
United Gas preferred.
pittsburgh g. Lake Erie Railway
staged a rally Of 2l2 points, thereby
Attracting attention to the limited rail
list on the curb. Chicago, Burlington q
Quincy was inactive, though its earn
tngs for the II months ended Noyem-
Der 80 showed a net Of S7.56 a share
against Sl1.72 a share in the same 1851
period.
oOllu CS OAAoAS SSN@A ~
a l.4oo-share trade at 10A, unchanged
but later eased narrowly, American
Gas e. Electric, Central Public Service
A and United Light & Power were
all lower In the oils, Cities Service
was of c small amount at SIS. Standard
oil OF Indiana was unchanged at IAN,
but Standard Oil of Kentucky at 1919
and Standard OIL of Ohio at 261s were
both lower, the latter by nearly points
Industrials were steadier. Aluminium
Co of America at 50l4 and Great At
lantic & Pacific Tea at l42 were un-
changed. American Cyanimid B was
of narrowly. Trading corporation equl-
ties had a heavy tone. Goldman SachS
opened on a l,500-share deal at 8, OIL
fractionally, and United Founders was
off slightly at l% Mine shares were
lower, with United Verde and Roam An
tslope both declining
The motor shares were STEADY, In
spite Of weakness in the same group
on the big board. Cord had a small
decline, but Durant and Ford. Ltd,
were both firm. Aviation shares were
little changed In the gas company
issues Appalachian was lower, but
United Gas had a small advance.