Evening star., 1932-02-10
CURB ISSUES SHOW
.; SIGN OF RECOVERY
Market FaIters Under Selling
After Opening, but Steadies
at Midday.
BY JOHN A. CRONE.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, February 10.-Hesitant
at the opening, stocks on the Curb Ex-
change moved lower IN the flrst hour
and turned weak in the second, but
shortly after midday showed signs OF
recovering.
Electric Bond & Share was of a
small fraction, which also was true
of Cities Service and United Light q
Power A. Middle West Utilities. though
active, barely moved price-wise. Elec-
tric Power Associates moved into new
minimum level.
Stocks faltered at the opening be-
cause of the showing Of the various
weekly trade indices. Professional
traders also expressed bearlsh views.
However, a survey of five commission
houses revealed that the only short SELL
ing taking place now emanates from
counts in two Of the biggest commits
sion houses exceeding 1000 shares.
The good" buying that came into
sorne of the market leaders in the last
few days was said to be based on the
belief that some constructive news IN
the form of concerted drives. would oe
launched at Washington soon, and some
of the better informed operators. there
fore. were accommodating stocks on
scale down.
Childs Co. preferred, on which the
dividend recently was omitted. broke
points on publication of the 1881 bal
ance sheet. Bulova Watch convertible
preferred slid points in response 10
the passing Of the dividend late Tues
day.
Hazeltine Corporation yielded 2is
after the company halved Its common
dividend. Lower sugar quolalloliss ;
brought out additional offerings OF
Fajardo Sugar. Woolworth. Ltd' was
somewhat more active, though un-
changed after the Street heard that
January sales exceeded the same montn
in 1q31 and current sales continued
that trend. The company now has 4oi
units in England, a gain OF 80 stores
during 1881.
Long before copper metal was quoteu
at 6 cents here today-the lowest pun
hcly recorded price in history-the req
metal shares discounted the oeVelop,
rent. Simultaneous with Hhe record
low metal quotation came word that
F. Pisart, one of the Belgian bankers
who helped to arrange the present
world production curtailment pact,
would arrive here within the next week
or so.
Although it was pointed out at the
local Offices that NJ. P1sart always visits
this country in March, the metal trade
said he was coming to care Tor certain
details of the pact that required aool-
tional attention.
United Verde Extension moved to
new low as it announced January cop
ner production of 3043,930 pounds.
New Jersey link was trifle lower as
it reported quarterly and yearly net IN
comes of s546,751 and s3,05l, ,5S9, re-
spectively. which contrssted with S8l3,-
367 and S5.Ol3403 in the corresponding
periods of 1880.
Stocks were irregular at the opening;
Electric Bond & Share was turned
over in moderate volume unchangeo
at ga. Commonwealth Edison opened
a point higher at 1884 American
Superpower was active at 34 un-
changed. American Commonwealth
Power B started off at new low price
and Middle West Utilities and United
Light & Power A were both lower
Cities Service was lower at the start,
but on the next sale recovered to ol2,
tuesdays closing level Standard on
of Indiana was firm at 1923. In the
industrials Aluminium Co. of Amerl-
ca was off a small fraction at asa
but Singer Manufacturing was an
changed at III United Founders sold
at its previous low. while other trad
ing corporations were unchanged.
In the mine list, New Jersey Zinc
opened shade higher at 24l2, but
United Verde was at a new low at 34s
Cord was firm at S. Most motor STOCKS
had a similar tone.