Evening star., 1932-02-02
CURB SHARES DIP
). TO LOWER LEVELS
Early Advance Brings Out
Increased OfferingS-Net
Changes Small.
BY JOHN A. CRONE.

Special Dispatch to The Star
NEW YORK, February AFTER
opening higher todays Curb Exchange
session encountered increased offerings
around midday which erased most Of
the early gains.
Some market leaders like Electric
Bond & Share Standard Oil OF Indiana,
Cities Service. Middle West Utilities and
Niagara Hudson Power were unchanged
after the first two hours, during which
they fluctuated less than a half point.
Public utility preferred issues, however
moved widely on the dOwnSide because
of a lack of bids rather than any de-
Cidod gain in offerings.
Although Wall Street is rather dubi-
Gus about war stocks" pointing out
that bclligc"ents would require financing
before they could complete war material
purchases here, this did not deter
traders from marking up the aviation
and firearms issues again today.
General Aviation, Irving Air Chute,
National Aviation warrants, Dayton
Airplane & Engine, Detroit Aircraft and
later Air Investors, Inc, were pushed
upward by professionals. Colts Patent
Firearms, which ran up more than !
points Monday. opened lower today, but
later regained some of its initial loss.
Prices on the Curb Exchange opened
higher
A block Of 1000 shares of Electric
Bond & Share appeared at ll"s. up 3s.
Cities Service at So was unchanged.
Standard Oil of Indiana, following dec
laration OF the usual common quarterly
dividend. rose * to l51s.
Reported extension of maturing bank
loans apprOXimating S2l,5O0000 of
United Gas Corporation. an affiliate of
Electric Bond e. Share, bettered the lat
ter security in the first hour without
affecting the former. The next impOr-
tant known bank loan Of an affiliate
of Electric Bond S5 Share natures Oc-
tOber !, when American & Foreign
Power has a payment OF S500000 900 TO
meet
A fresh reduction in the price Of cop
per metal slowed dealings in that Sc
Curity classification. Aluminium Co. of
America moved narrowly as trading
Jagged
Deere &, Co. was up slightly in the
face Of its year-end balance sheet. The
company reduced recciyables by S2,239,-
OO6 but reported sales in 1881 were Sc
per cent below those Of 1890, because
Of the partial crop failures in the
Northwest and Canada,
SCeman Brothers. first of the packing
companies 10 appear, reacted DeCla-
ration of the usual quarterly common
bv Standard OIL of Indiana was in line
with expectations. which accounted for
the duIlness that gripped that stock
most Of the day.
Ford Motor Of Canada B opened up
a point after its fractional recession of
Monday. but the A shares We're down
almost a point. Cord Corporation.
leader Of the motors in point of ac-
tiWtv moved within a range Of less
than half a point Motor Boat Co.
shares. despite the recent show,
dragged.
Several Sizcable blocks of Blue Ridge
common relieved an otherwise feature
Joss market in investment trusts. Hy-
Ggo-c,cc,rlc Securities, Inc, subsidized
British shares. such as Ford Motor.
It'd and Woolworth, Ltd. were little
changed. Canadian corporate devel-
opmouts such as the peak power output
for December reported by Power Cor
poraron q, Canada. the decline in op-
CraranS a trail as shown by ConSoli-
dated Mining & Smelling, and increaS-
cG production by various Dominion gold
wM.- were without market effect in
tho first few hours.