Evening star., 1932-06-10
CURB STOCKS GAIN
IN ACTIVE MARKET
Fractional Advances Are Nu-
merous, With Most Groups
Showing Strength.
BY JOHN A. CRONE.
Special Dispatch to The Star.

special Dispatch to The Star.
NEW YORK, June 1O.-Stocks on
the Curb Exchange turned active and
higher today.
Electric Bond g. Share at 63s was up
!. around midday Cities Service at
22s was virtually unchanged. but Stand
ard OIL OF Indiana was a shade higher
at VA. Niagara Hudson Power pointed
higher.
Features in the forenoon session were
the outstanding strength of the public
Utilities and the rise in Cord Corpora
tlon. In the latter case it was the
skyrocketing OF Auburn Auto over on
the big board which brought about the
movement In the former case. it was
the genera! belief in the Street that
ooth major political parties would write
constructive planks in their platforms
regarding public utilities and railroads.
IN view of the huge amounts invested
IN these two types of securities by in
surance companies and savings banks.
swift International was the outstand-
ing mover In the food group, as it
opened up more than a point. Great
Atlantic g. Pacific Tea common and
preferred eased on the May sales re-
port, which showed a decrease Of 1853
per cent in dollar sales from May, 1881,
"4AN a N4OP AL tOIllldge Ol D per cent.
StutZ Motor in p-int of movement
rivaled Cord in the motor division.
Stutz opened eff about points and
snapped back with almost equal aiacrity.
MOCK, JuCSon & Voehringer with a rise
CT point, attracted attention in the
textile list. De Forest Radio led the
radio shares in activity.
Declaration Of the regular quarterly
dividend by Graymur Corporation
brought about fractional rise in that
issue. Atlas Utilities was active and
higher following the announcement that
1t had offered its own shares in ex-
change for these Of its y afiliates,
which are All-American General Corpo-
ration. Allied Atlas Corporation, Amer
lcan, British & Continental Corporation;
Atlas Utilities &, Investors, Ltd; Aviation
Securities Corporation, Chain Store
Stocks, Inc; Federated Capital Corpo-
ration, General Empire Corporation,
National Securities Investment Co.. Sc
curlties-Allied Corporation, Sterling Sc
curities Corporation and Ungerleider
Financial Corporation.
Columbia Gas & Electric preferred
led the ascent of the senior public util-
lty shares with a recovery of more than
points. General Public Service re-
gained points. Metropolitan Edison
preferred, down more than points,
was an exception to the general trend.
Axton Fisher Tobacco was not imre-
d1ately responsive to the announcement
that 1t was introducing a new low
priced cigarette and that 1881 net sales
OF s6,292,637 were slightly below those
OF 1880. Lerner Stores reported Nav
sales Of 1882, ,768, or a decrease Of l9
per cent. National Sugar Refining.
winch on Thursday reduced the price
of refined sugar. was active and inclined
TO flrmneSs. Fajardo Sugar eased.
Omission of the quarterly dividend on
Rlke-kumler was without immediate
market effect. Quaker Oats at 55 was
Gown more than l3 points since its last
sale about week ago. General Elec-
trlc, Ltd, and Woolworth, Ltd. the
more active British shares, were slightly
frmer. New Jersey Zinc opened off o.
out Aluminium Co. Of America rose
more than point