Evening star., 1932-01-26
CURB SHARES FIRM
IN LIGHT TRADING
Price Changes Are Narrow
as Trading Drops to
Low Level.
BY JOHN A. CRONE.

Special Dispatch to The star.
NEW YORK, January 26.-The Curb
Exchange today experienced the slow
est trading in weeks, but prices ranged
from firm to higher as offerings proved
somewhat smaller than bids.
The market leaders, like Electric
Bond & Share, Cities Service, United
light g. Power A, Niagara Hudson
Power, Middle West Utilities and
United Founders, moved within limits
ranging from of1e-eighth to one-quar-
ter point.
Chemicals, mines, motors and public
utilities crowded out most other Sc
curities in the first half hour. Ameri-
can Cyanamid B, Heyden Chemical and
such gold mine shares as Wright Har-
greaves, Teck Hughes and Hollinger
Consolidated and New York Rosario 81
Honduras, q silver issue, registered tri-
fling gains.
These movements scarcely had been
completed when Mohawk Mining, one
OF the inactive coppers. came out with
a net gain Of "a points. Hudson Bay
Mining softened. BY this time the re-
ceivership proceedings against the
Michigan Durant Motors had set in mo-
tion offerings of Durant of Delaware,
which issue is listed on the curb.
Ford Motor Limited due to better
buying in London, was more active and
one time showed small gain. Frank
lin did better following publication of
it's balance sheet. Stutz end later Cord
frmed, after which the motor group
settled down to q period Of dullness.
Inactive power and light shares pro-
vided virtually all Of she wide fuctua-
tions in the first several hours. Kings
County Lighting preferred B, for in
stance, dropped 8l4 points on its f1rst
sale this year. Utilities Power & Light
3 and Public Service Of Northern Ill-
inois made siseable gains.
Wick Financial Corporation early
forecast the declaration of the regu-
lar common quarterly payment, but 1t
did not discount the fact that the
company bought in the open market
and retired during 1881 total Of TO-
500 shares. Hereafter dividends will
be declared semi-annually, the next
meeting being scheduled for July.
Aluminium Co. of America was more
active than in recent sessions as
traders heard that Pittsburgh interests
were accommodating 1t. Great Atlantic
a. Pacific Tea, whose sales last week
showed a gain over the corresponding
period of year ago, opened of nearly
points.
The better tone of Pacific Coast
Power and Light securities in the last
few sessions is a result of buying
emanating from the Coast. Heavy
rains and SHOWS there are not only
giving sufficient water for irrigation,
but also for power purposes. Hydro
Electric securities, perhaps rejecting
this water power situation, ran up
point
Brazilian Traction improved, though
its December earnings were down 36.l
per cent from the same 1880 month
and yearly earnings were of "a per
cent. Seiberling Rubber moved up IS
point, though other rubber shares
Jagged. Northern Pipe Line new shares
sold at Az. Gulf Oil of Pennsylvania
showed a frmer undertone Its Decem-
Der production in Venezuela amounted
to I.277,539 barrels against 1,960,35o in
December, 1880, and the same fields IN
1881 yielded 17,71l,l38 barrels against
22,500,33 in 1880.
Firm quotations and slow dealings
marked the opening Of the exchange.
Electric Bond & Share at ll12 was
unchanged, but Cities Service at SIS
lost Il. Standard Oil of Indiana at
1884 rose Il Aluminium Co. Of Amer
lea .at 5234 was off q.
Hydro Electric Securities advanced
point to g. Electric Power Associates
A at 8, Brazilian Traction at II "a and
Atlas Utilities at each gained slightly.
The receivership of Durant Motors,
Inc caused that stock, which has been
appearing in blocks Of more than
10000 shares recently to open at a
new low level. Ford Motor, Ltd, rose
Il to 524.