Imperial Valley press., 1932-09-22
Daily Report OF
Stock Markets

NEW YORK, Sept. 22.-U.Pl-
A few weak spots on the stock and
bond markets today obscured other
wise steady to firm lists able to
absorb large amounts of profit-tak-
ing.
Gyrations of half dozen or so
stocks gave the stock exchange an
appearance of marked irregulari-
ty. The list opened irregular, ran
into selling. rallied, sold off again
and then near the close made a
smart comeback. The close was ir-
regular.
Bonds were irregular with selling
CT railroad issues influenced by a
wide open break in New York, Chi
cago & st. Louis nickel Plate) IS,
due October l, 1892. At one time
this issue was down to 81, off II
points from the previous close. It
was influenced by fears of receiv-
ership in event of failure of the
roads plan to secure assent of
bond holders for a 25 per cent re-
demption of the note issue at ma
turity.
Afternoon unsett;ement came ST.
multaneously with elimination of
the dividends on national distill-
ers products and liquid carbonic.
DiStillerS broke more than points
before meeting support and liquid
carbonic touched 10A off Al
points.
Steel issues were depressed after
their buoyancy in the preceding
session. Steel common touched 425s
off 23s and the preferred was as
low as n, off 5.
United Aircraft was down to 30A
off 2A before given support while
Auburn Automobile dropped from
its high for the day of COS to SIS,
off BIZ net. American Can. Allied
Chemical, American Telephone.
Case, International Harvester and
Consolidated Gas were sensitive to
profit taking sallies.
The utilities as a group behaved
well. Late in the day most of them
were down fractionally from the
previous close. Consolidated Gas.
which touched 60k, off is, rallied
a point and Others made cores
ponding recoveries from their lows.
New York Central featured the
railroad group. Carrier shares
made substantial gains at one time
during the session and retained a
far amount of the gain to the
close.
commodity markets were irregu-
lar with stocks. Wheat retreated
after brief period of firmness. 1t
closed with losses of rs to IL
cents a bushel, or about half the
gains made yesterday. Cotton was
old up more than a dollar a bale
IN the early trading but lost all the
gain and dipped slightly below the
previous close.
According to preliminary calcu-
lation, the Dow, Jones & Co.. in
average stood at 72.7l, Oft
2.45 points, railroad 1858, off O.54
and utility 32.08, off O.93.
Sales were 100000 shares COM
pared with 100000 shares YES
terday.
Aggregate market value of 10
leading stocks was $500. .883. .931
against S6,444, ,766, ,439 yesterday. a
decline Of s141 1892 SOB.
LOS ANGELES, Sept. %. UP)-
MOST stocks declined fractions dur
ing fairly active trading on the
Los Angeles stock exchange TODAY
One new high for the year was re-
ported, however.
Iransamerica continued to be the
most active, selling $500 shares at
o1s' down Is. Pacific Finance sold
200 shares at z, down q.
Southern California Edison sold
700 shares at 28a4, down x. South
ern Pacific advanced point to
3215 on 100 share sale.
Chrysler Motors hit a new high
for the year when 100 shares sold
at l9A, up Is.
Rio Grande was unchanged at
"a on sales of 500 shares: STAN
dard Oil declined y to 27h on
sales of 400 shares; Union Oil sold
300 shares at IT'S, down 4; Bolsa
Chica was unchanged at AS on
sales of 200 shares.
STOCK QUOTATIONS
Bid Asked
TranSamerica ...................... 6 61k