Evening star., 1933-07-12
NEW HIGH LEVELS
REACHED ON CURB
Speculative Buying in AIco-
hoI Stocks and MisCel-
IaneOus IndustrialS.
81 ,cial Dispatc,l 10 The Star.

Special Dispatch to The Star.
NEW YORK, July 12.-The Curb
Exchange presented a two-sided ap-
pcarance today, with a number OF
shares rising to new high levels for
the year while others were distinctly
heavy. Advances predominated among
the leaders at the close, with trading
active.
Speculative buying went on at
brisk pace in the alcohol stocks ana
miscellaneous industrials. while the
Jagged behind The four prominent
Canadian distillery stocks on the Curb
all made new highs for 1888 with
gains ranging from 3 to more than
6 points.
Cord Leads Motors.
The motors came to life in the last
hour. led by Cord Corporation. which
vas affected the sharp rise in Au-
burn in tn, hour. Cord was turned
over In 4,v volume, up around 2
points near the close.
Electric Bond & Share was up frac-
tionally all day and a number of other
utilities recorded small gains. St. Regis
reached a new high for the year at
7la. UP u. Brazilian fractions turned
active and higher in the last hour on
reports of increased traffic and earn
ingS Cities Service was easy around
5la most of the day.
Oil Stocks Rally.
The oil stocks were depressed at the
opening but showed rallylng tendencies
around midday While some gasoline
price shading was reported in various
parts of the country, the weekly statis-
tics were favorable. showing crude oil
production down and gasoline inven-
tories reduced. In the Standard OIL
list Humble Oil ran up more than 5
points in mid-Session TO 84l2. Stand
ard Oil of Ohio was up point at
times, while Standard of Indiana ad-
yanced fractionally. Gulf Oil of Penn
sylvania also pointed higher in the first
few hours.
South American oils showed burst
of activity Carlb Syndicate, American
Maracaibo and Pantepec Oil, all of them
loW-priced reached new highs for the
year on fractional advances. Vene-
Zeulan Petroleum was active and firm.
In the alcohol group, which was slim
uated by the vote for beer in Okla
homa, Hiram Walker Gooderham g.
Worts, Canadian distillery, was the
1edutl dI d llc" Ail5Al lOl tAiC yCoA' uP
more than points on top OF gain
of more than points yesterday. This
company today announced plans for
the construction of one of the largest
distillerieS in the world at Peoria, Ill
Canadian Industrial Alcohol A and B
shares both were up several points to
new peaks for the year. Distlllers-
SeagramS was also strong.
Metal Shares Quiet.
Metal shares were unable to make
progress, though non-ferrous metals and
silver both showed rising tendencies to-
day Newmont Mining pointed higher
at times. but Roam Antelope Copper
and New Jersey Zinc were inclined in
the opposite direction. The gold shares
were little changed In the first few
hours.
Among the industrials Dow Chemical
ana Jones & Laughlin Steel were two
spectacular performers. In both stocks
the floating supply is rather small and
prices fiuctuated violently on small
transactions. Dow Chemical jumped l3
points at one time to 49, new high,
iut eased later. Jones & Laughln came
cut in a string Of small sales ranging
from 65 to &C, up points to a new
pcak. then dropped back to 66.
Swift 6z Co. was easy following the
announcement of the appointment Of a
Federal trustee to dlvest the packing
company of its holdings Of Libby. Nc
Neil & Libby stock under the packers
consent decree Swift International was
also inclined lower.