Salt Lake Telegram | 1932-02-20 | Page 10 | Curb Sags in Sales Flurry

CURB SAGS IN INUtilities Utilities Drop in Large proportion pro portion of Turnover By JOHN L. L COOLEY Associated Press Financial NEW YORK Feb market sagged under a flu flurry of holiday selling Saturday taking a downward trend large proportion rion o of the te tu Electric Bond and Sharo wa and lower following official anno meat of the propel proposal to 5 5 new par value share for the present par no-par stock This Sif S- S cb- cb if approved by ly the special meeting called for Ma will mean a book reduction at proximately In costock co- co stock capItal The new shares were admitted t trading on a when issued b Opening at 31 H 14 the sagged with the heaviness in B t o shares which reacted to around i l Ic off nearly a point American Gas and Gas of Baltimore S CitI s vice VICC and several others cased card Gulf Oil to cor lower but Indiana was steady Aluminum of America was oU m in fair volume losing a couple e points One of the days clays firm sty st Philip Morris which fractionally Cord slumped with A burns burn's break and there was a lowe low drift to numerous other and industrials United Founders which plan lin t reduce the stated value of it its COT co mon stocks was easy