Evening star., 1933-06-05
CURB LIST RISES
IN ACTIVE CLOSE
Gains Run to Four Points and
More After Mixed Tone
in Morning.
sDscjs, Leased Wire to The Star.


NEW YORK, June Stocks rallied
vigorously on the curb exchange In
afternoon trading today after periods OF
hesitation and irregularity early In the
session. Gains ran to 4 points and
more.
Electric Bond & Share and other
pivotal shares led the upward move
ment American Gas g. Electric and
Niegara- Hudson Power were active and
strong. Duke Power slipped q couple
of points. while Consolidated Gas OF
Baltimore added fraction.
In the metal list Aluminium Co. OF
America was the star performer. rec&-
ering from an early relapse and reach
ing a new high for the year, above y!
near the close. Coppers also turned
active in the afternoon led by Newmont
Mining, UP about 2 points. Lake Shore
Mines stood out In the gold share list,
rising over a point at one time.
Oils Generally Strong.
Oils were generally strong, headed by
Humble Oil, which ran up more than
3 points on its favorable earnings re-
port. Gulf Oil of Pennsylvania recov-
cred its early loss and added about
point. Cities Service was inclined to
heaviness most Of the day.
Favorable crude oil statistics and
earning reports helped the oil division
from the outset. California crude OIL
output during the last week OF May
was of 5,525 barrels daily from the
previous week. The East Texas field
also reported lowered production.
Humble oil was the feature on the
upside, running up more than two
points before midday, as it reported
1892 net profit of S14,896,613, equal to
S501 a share, against net profit OF
$2,765, ,092, or 90 cents a share, In 1881.
Other shares in the Standard Oil group
were not so active and barely steady.
Gulf Oil Of Pennsylvania, among the
miscellaneous issues, sold of after
gaining q point at the opening.
Trading in Canadian issues was no
ticeably less active today than in sew
eral sessions last week and their trend
was generally downward. Ford Motor
of Canada A was off q point at 10h.
Hiram Walker, a distilling stock, was
down more than "a point at 147s.
Brazilian Traction was not much
changed.
Textile shares were inclined to sell
off after last weeks advances. Tubize
Chatillon and Celsnese Corporation
first preferred were heavy This was
also true of the tire stocks. General
Tire g. Rubber. which added 27 points
last week, dropped point early in
today's session, but recovered later.
Chemical Group Gains.
The better demand in the chemical
trade was reflected in the chemical
group, where American Cyanamid B
rose to 1874, new high for the year.
Dow Chemical was unchanged at 81,
which Is almost double its low price
for the year. In the metal list the
coppers showed some recovery after
starting lower In the gold shares Lake
Shore Mines and Pioneer Gold moved
ahead, while Tech-Hughes and Hol-
lnger receded slightly Bunker Hill
Sullivan Mining a silver stock, opened
up a point and then quickly lost It,
Aluminium Co. Of America added 8
points, but soon Cancelled the gain.
Agricultural shares, like Deere & Co.,
and the food stocks, were inclined to
move lower. as Washington advices in
dicated increased farm acreage was ex-
pected. Great Atlantic g. Pacific de-
clined more than points Swift g.
Co. and Swift International were both
fractionally lower. Novadel-Agene, up
q sizeable fraction, was an exception
in the food list, as it declared a divi-
dend Of $1.25 on the common for the
second quarter, or the same as was
paid in the two previous quarters.
Copyright, 1933)