Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-15
CURB TURNS FIRM
AFTER DULL START
Indecisive Opening Becomes
Irregular Before Showing
Improvement.
BY JOHN A. CRONE.
special Disnatch to The Star.

special DlSpaICD 70 i he ojdT.
NEW YORK, January l5.-Opening
tndecisively, todays Curb Exchange
session developed an irregular tone dur
ing the forenoon, but showed signs OF
firming shortly after midday.
Public utilities, like Electric Bond q
Share, American Superpower, Hydro
electric securities and United Light q
Power A, were off fractionally during
the first two hours. Cities Service,
which was quoted ex-diyidend today,
was virtually unchanged. Standard Oil
Of Indiana and Standard Oil Of Ken
lucky pointed higher.
The opening today was influenced by
the easier tone Of overseas markets,
especially London, where fortnlghtly
settlement was being carried out. Al
though the strength of sterling cheered
British bankers and brokers, they did
not view with equanimity the French
insistence that German short-term
credits be extended for 80 INSTEAD Of
90 days
Increased sales at the Automobile
Show failed to cause a resumption CT
the advance in motor sticks, though
they remained firm at times when other
shares eased. Brazilian Traction and
Mohawk Mining maintaines their levels
because Of the regular quarterly COM
mon dividend declarations.
Italian Superpower A was up frac-
tionally following the 1881 earnings
statement showing net profit Of Sl,204,-
221, after expenses, charges, Federal
taxes and interest loss on sale OF
securities. which contrasts with Sl,243,-
$40 in 1880. observation-disclosures Elec-
trio ignored the announcement that a
subsidiary, Imperial Ice q Development
Co. which supplies the Imperial valley
territory had signed l5-year contract
with Pacific Fruit Express to furnish 1t
100000 tons of ice annually,
The recent market behavior Of Glen
Alden Coal and Lehigh Coal & Naviga-
ton discounted the report today that
anthracite shipments last month to-
tailed 375o2l7 tons. gain OF 49, 59
over November, but a decrease OF
l.129.8 from December. 1890.
British-American Tobacco made
the best showing in that list. Emil D.
Klein Co. paid the regular preferred
dividend and action on the common
will be considered on January %.
President Ellis of Phillip Morris, Con-
solidated. Inc said that increasing
profits assure continuance of the regu-
lar dividends. Watt & Bond A was
up 2I9 points.
Great Atlantic g. Pacific Tea was
inactive, though action of the stock
Thursday indicated it had discounted
the sales report for the five weeks ended
January 2. showing a decline in dollar
sales of 81 per cent, but an increase in
tonnage sales of three-tenthS of l per
cent.
Pittsburgh g. Lake Erie eased in early
afternoon. Previously Pennroad Corpora
ton showed small loss on Increased
offerings. Lackawanna Securities, how
ever. was up about / Y points.
A block Of 1000 shares of Lone Star
Gas appeared at 8l2, of y, which
started some activity in the natural gas
group at midday A. o. Smith Corpora
fion and Cooper Bessemer inclined
toward lower levels Dennison Manu-
featuring Co. omitted the quarterly
dividend Of SITS, due on the preferred.
but this act'o had no immediate effect
on the stock.
Electric Bond & Share started off on
a 1000 share deal at 1888. up shade;
American Superpower was unchanged
and so was United Light e. Power A.
Cities Service, exdividend, opened at
6ib. Standard Oil of Indiana gained
g fraction at 1874.
Industrials were mostly loySr. Alumni
nun Co. of America at -56l4 was OF
nearly 2 points and A. o. Smith at
5734 lost a point. American Cynamid
B. ST. Regis Paper and Swift g. Co;
were unct anged United Gas opened
unchanged at 23s and then gained
small fraction. Ford Motor OF CANADA
A was unchanged at IL. Cord was flrm
at rs.