Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-19
CURB STOCKS GAIN
AS SALES PICK Up
Trend Shows FirmneSS N9ar
Midday After Quiet and
Low Opening.
BY JOHN A. CRONE.

Special Dispatch to The Star.
NEW YORK, January 19,-After
opening quietly and lower, stocks on
the Curb Exchange showed signs Of
activity and firmneSS around midday
today. Electric Bond & Share tluc.u-
ated within a quarter point range and
the movements of Cities Service were
even narrower Standard Oil of Ohio
opened up points
Aside from the irregular tone of the
overseas markets, overnight market de-
velopmentS we're unimpOrtant AS the
session progressed however, numerous
corporate developments were an
nounced and some of them Influenced
stock movements.
Middle West Utilities and its sub
salaries will report net for 1881 of at
least 80 cents share, according to
Chairman Samuel insult jr This con-
traStS with Sl.59 a share on a smaller
amount of stock outstanding III 1880.
Aluminium Lids. subsidiary Duke
Price Power Co., Ltd. which has been
figuring in the Mellon testimony in
Washington, reported net operating
income for 1881 of S3645 O00 against
S3635, 407 in 1890.
Associated Gas e. Electric was trifC
more active than usual as It announced
CuOSSoS VA a NuoAOlilGl NolillJdlEil III tIlG
sale Of appliances A subsidiary Gas
Utilities. Inc, which operates in Terre
Haute. Ind; Bloomington, Ill, and
elsewhere, is changing its name to
Electric g. Gas Utilities Co.
A Appoint gain in Massachusetts,
Utility convertible preferred and a =
point rise in Utah Power & Light pre-
ferrCd were exceptions to the general
trend of this group in the forenoon
Natural gas shares were active, though
slightly lower. following the announce
ment that November revenues Of man
ufactured and natural gas utilities ag-
gregated S52909.372, a decrease of "a
per cent from the same 1880 month,
Pipe lines, after squirting in the final
hour Monday, rested III the first sew
eral hours today. Eureka Pipe an
nounced that it was curtalllng It's jan
uary purchases by 10 per cent and
South Penn Oil later announced the
same reduction in takings.
Numerous dividend announcements
were not Immediately mirrOred in the
movements of shares. Imperial Tobac--
co of Great Britain & Ireland declared
a final dividend of per cent and an
extra of l shilling six pence against
9 per cent and tie same extra year
ago. George A. HORNED & Co., packers
halved the common quarterly dividend
with the declaration of IS cents a
share. New Process Corporation de-
clared a quarterly of IS cents against
a special dividend of so cents on De-
cember 80 last The regular quarter
" common payment on Noma Electric
lifted the stock fractionaly.
Proposal to change the stated share
value of Blue Ridge Corporation prefer
red brought about a fractional rise in
that issue. insult utility investments
touched a new minimum for the bear
market. The reported passing OF con-
troll of American, British & Continental
Corporation to a group identified with
Confidential Securities Corporation was
without much influence on either stock,
Allied International Investing preferred
was down 2 points
The remarks of President E L. Cord
in Connection with the annual report Tor
time stimulated buying in Cord stock.
Ford shares were dull and traders eX-
pressed surprise at the announcement
that the new Ford models would not be
exhibited at the Detroit Automobile
Show opening next Saturday.