Evening Star Newspaper, October 4, 1929, Page 14

14 *%%® THE EVENING STAR, WASHINGTON, D. C, FRIDAY, OCTOBER 4, 1929. 'COOPER HAS JOINED | T ‘ ‘ST[]BKS INRALLY - [NVESTMENT FIRM| oo ster s s s, AFTER SHARP DROP 57% 3814 Abitibl Power & Pap 35 b1k 60% bl 51% FINANCIAL/ Prev. 2:55. Close. 6l 27 Prev. 2:55, Close. 32% 33'4 Stock and umk Dividend Rate. vidend Rate. 3115 !Inchlroll (123%) 2 Sales— Add 00, High. Low. 7 6% 327 Skelly Oil Sales— Add 00 High. Low. Cudany Packing (4). 174 33w 32% Curtis Pub (16%)... *Former Y. M C. A. Secretary Is Partner in Crane, Parris & Co. ae eeevacs DY EDWARD C. STONE. It is announced at the office of Crane, arris & Co., investment bankers, that William Knowles Cooper, who has just ‘retired as general sccretary of the Young Men's .Christian Associa- tion, after 39 years Zof most efficient service, has join-a the firm as a gzn- eral partner. He took a desk at the officz and started in his new work local financial dis trict for several years. He is a 79 Abitibl P& P pf(6. 101 Abraham Strauss. 84% Adams Exp pf (5) 15 Aavance Rumley. 33 Advance Rumley (14 34% Alr Wal E1 Ap(2%). 2'2 Ajax Rubl 4's Alaska Juneau 27% Alleghany Corp. ' 99% Alleg Corp pf (5%).. 100% Alleg C pf rets(5%). 241 Allled Ch & Dye (6). 120% AllledC&Dpf (7).. 65% Allis Chalm (n) (2 30 Alpha Port Cement. . 22% Amerada Corp (2) 8% Am Agricul Chem. 37'% Am Agricui Ch pf... Am Bank Note (13).. 3 Am Beet Sugar 40% Am Bosch Mag! 45 Am Brake Shoe 2.40. 15% Am Brown Bov Elec. 107% Am Can (t4) 92 Am Car & Fdy 163 Am Chicle (2). 41% Am Com Ale (k1. GU). 23% Am Encaust Til (2).. 77 Am European Sec... 75% Am & For Power.... 104 Am & For Pw pf (7). 88 Am & For Pw 2d pf.. 24% Am Hawallan (1). director in the Federal - American National Bank and has a wide acquain- tance among prominent people. His work with the Y. M. C. A. is known all over the world, his accomplishments during his long service in Washington standing out like a beacon light. The firm of Crane, Parris & Co. is now made up of four partners, Eugene E. Thompson is the senior partner, while 1he others are Thomas W. Bra- « hany, B. Ogle Harper and Mr. Cooper. The investment firm was established in , 1883 and is the oldest investment house in the city. It has membership in the . * District Bankers’ Association and in s the Investment Bankers Association of Amcrica. Albion K. Parris of George- ! town, was one of the founders of the - local firm and is still at the office nearly every day. . Mr. Thompson and Mr. Brahany are ‘ members of the Washington Stock Ex- : change and Mr. Thompson is president of the Associat~d Stock Exchanges. The firm has close affiliations with Wall Street through the New York Stock Ex- change firm of Tucker, Anthony & Co. Stock Selling Partly Explained. G. Bowie Chipman, resident partner of Harriman & Co., in conversation with a prominent London financier today, was_informed that th> recent failure Hatry & Co., in London, which was reporied as a $50.000,000 failure, was | really a $200,000,000 crash. The London banker stated that he consid:red this by far the most import- ant factor in the selling which has been taking place on the New York Stock Exchange during the past month, Lon- don bankers were obliged to sell enor- mous amounts of securities in New York and at the same time make heavy calls on th°ir New York loans. While both of these facts have been known here, yet the extent of the transactions has not been fully realized. Brokers here believe that the informa- tion explains the mystery of the loan | situation _in New York, the Federal Reserve Board reporting increases in loans in spite of the recent selling. It is now claimed that the selling of | securities for London accounts and the heavy calling of loans at the same time forced New York to do far too much new financing. In other words, Wall Street had to | finance a market situation forced upon | it by the London failure. It is be- lieved that New York has now absorbed practically all the stocks which London ordered sold. Glowing Tribute to Financier. Scores of prominent Washington bankers attended the funeral of Charles J. Bell, late chairman of the board of | the American Security & Trust Co., at | Bethlehem Chapel yesterday afternoon. ‘There was not a vacant seat and many | had to stand outside. Delegations rep- resenting the Bankers' Association and the local Stock Exchange were present. The service was most impressive and the floral tributes profuse in the ex- | treme. The senior officers of the trust company were the honorary pallbearers and the junior officers the active pall- bearers. The Stock Exchange will miss Mr. Bell especially. He always enjoyed breaking up a busy day in the bank by attending the daily sessions, always occupying the same seat and doing his full share of the daily business. A friend of his was commenting to- day on Mr. Bell's ability to add figures. He could add like lightning, instantly detecting an error. His speed and ac- curacy were considered uncanny. D. C. Exchange Opens Saturday. It was announced on the Washington Stock Exchange today that the Winter schedule will' go into effect tomorrow | and that the exchange will now be open every Saturday until next Summer. The trading session today was com- paratively quiet. Capital Traction, the stock which has been so closely watched of late, figured in only two sales totaling but 15 shares. Both were made at 88, a quarter point under yesterday's close. Potomac Electric Power 6 per cent preferred stock moved at 111!, and the 512 per cent issue changed hands to the extent of 25 shares at 106. American Security & Trust Co. stock changed hands at 460. Sixty shares of Security Storage changed hands at 112, 160 shares of Real Estate Mortgage & Guaranty pre- ferred sold at 73g. After call 240 more shares of the same stock sold at the same price, making a 300-share turn- over. Bonds were in fair demand, Capital Traction 5s, Potomac Electric Consoli- dated 5s and the Washington Gas is- sues figuring in the day's trading. Hobson Opens Investment Office. Returning to this city, after an ab- sence of six years, Ivan L. Hobson has opened offices in the Investment Build- ing, under the firm name of Hobson & Co., to deal in investment securities, particularly the shares of Incorporated Investors, one of the oldest mutual in- vestment trusts in this country. His firm will give a specialized service in analysis of investment trusts. For the past three years Mr. Hobson has been a member of the firm of Smith, Scott & Hobson, Inc., of Boston ! and Springfield, Mass., which is one of the largest distributors of purely mu- tual investment trust shares in New England. Mr. Hobson was for several years connected with the United States De- partment of Agriculture. —_— STOCK OFFER MADE. NEW YORK, October 4—The New England Gas & Electric_Association of the Associated Gas & Electric System has offered stockholders and holders of stock trust certificates of the New Bed- ford (Mass.) Gas & Edison Light Co. the privilege of exchanging each share of their holdings for one $5.50 dividend preferred share, exchangeable serles “B” of the New England Gas & Electric Association, exchangeable at the hold- er’s option after December 31 next and until December 31, 1931, for 64 new shares of General Gas & Electric Cor- poration class “A” common stock. William K. Cooper. Stock Rights Offered. NEW YORK, October 4 (#).—Jordan Motor Car Co. stockholders of record October 10 have been offered the right i to subscribe at $5.50 a share for addi-| tional stock in the ratio of one new} share for each four held. o= Pullman Co. Report. NEW YORK, October 4 (#).—Net re- turns for transportation operations of the Pullman Co. for August amounted to $2,516,651, against $1,641,502 in Auzust. 1928, 30% Am Hide & Lea pf... Am Home Prd (3.60) American Ice (3). 525 Am Internat (12). 4 Am La F & Foamite, 136 102% Am Locomotive (8). 279'% 147% Am Mach & Fdy(15) 81% Am Metal (3). 814 Am Pow & Lt ( 98% Am Pow & Lt pt (6). 78 Am P&L pf A #t (5). 40% Am Ra&Std San1%. 643 31 Am Republics....... 1443, 106'% Am Roll Mill (c2)... 74% 60 Am Safety Raz (16). 417% 30 Am Seating (2)..... T 2'% Am Ship & Com. . 130% 9313 AmSm & Ref (4).... 138 130 Am Sm & Ref nf (7). 49 43% Am Snuff (3)... 79% b4'h Am Steel Fdy (3). 85 65 Am Stores (2).. 94% 171! Am Sugar Rfg (5) 111 104 Am Sugar Rfg Dffl). 60 35'% Am Sumatra (3) 810% 193% Am Tel & Tel (9) 205 160 Am Tobacco (8) 205 160'% Am Tobacco B 199 67% Am Water Wks (cl 27% 15 Am Woolen.. 58% 35% Am Woolen pf. 9 Am Writ Paper ctf: 15% Am Zinc LA&Sm 9015 Am Zinc pf (6) Anaconda Copr ¢7).. % Anaconda W&C (3).. 43 Anchor Cap 12.40)... 102% Anchor Cap pf (6%). 44% Andes Copper (3)... 29 Archer-Dan-M (2) 8315 Armour Del pf (7) 10 Armour I11 (A)... 51 Armour Il (B).... 70% Armour Ili pf (7). 19 Arnold Constabl 19% Artloom (2). 46's Asso Appl In Asso Dry G (2%). Atch T&SF pf (5)... Atl Coast Line (110). AUG&WL DL (4).+ % 531 Atl Refining (12).... 140 90 Atlas Powder (4). 514 221 Auburn Auto (J4). 35% 2214 Autosales..... 457 36' Autosales pf (3) 50 38% Auto-Strop Raz (3).. 20 1% Aviation Corp. Del % Baldwin Loco (new). 115% Baitimore & Ohio (7) 64'2 Bang & Aroos (3%).. 7 Barnet Leather. 3314 Barnsdall 1214) 87 Bayuk Cigar (2) 20 Beacon Oll.... . Y% Beatrice Cream (4).. 3 Beech-Nut Pack (3).. 9 Belding-Heminway.. 47, 79% Belg Nat Rys pf 5.49 104% 665 Bendix Aviation (2). 59% 543 Best & Company.. 140% 8214 Bethlehem Steei (6). 128 116% Bethlehem St pf (7). 136% 107 Bohn Alumn&B (15). 61% 42% Bloomingdale Bros.. 89% 78's Bon AmiA (15). 831 Borden Co (3). 56 Borg Warner (4 6 Botany Con M (A, 20% Briggs Mfg..... 35 Briggs&Stratton(2). British Empire Steel 33% Brockway M T (3)... 5715 Bklyn-Manhat (4)... 9 Brooklyn & Queens, . 3814 Brown Shoe (2%)... 35% Bruns-Balk-Col(3).. 14% Bruns Ter & Ry S. 38% Bucyruscvpf(2%). 42 Bullard Co (12)... 94 Burns Bros A (8). 6214 Bur Add Mach 1.8 52% Bush Term (£2). 7 Butte Copper & Zi 14 Butte & Superfor (2) 120% Byers (A M). . 31% By-Prod Coke @ 72% Calif Packing (4). 1l2 Callahan Zinc & L... 120% Calumet & Ariz (10). 36 Calumet & Hecla(4). 37% Campbell Wyant (2). 78 Canada Dry G A (5). 216 Canadian Pac (10) 35 Cannon Mills (2.80. 308 (: se (J 1) (6). 120 se Th Mch pf b2 Celolax 3).. 30 Cent Aguirre %. 40% Cent Alloy Steel (2). 305 Cent RRof NJ (112). 6% Century Rib Mills. .. 88% Cerro de Pasco (6) 16% Certain-teed Prod... 47% Certain-teed pf.. 69% Checker Cab Mfg Co. 195 Ches & Ohlo (10).... 76% Chesapeake Corp (3) 4 Chi & Alton. . . 6% Chi& Alton pf. 12% Chi Great Western. 38 Chl Great Westn pf.. 27% Chi M1l St P&Pac. 46% Chi M1l St P&Pac 80% Chi&N W (4). 134 Chi&N W pt ( 28% Chi Pneu Tool. .. 48% Chi Pneu T pf (3%).. 115 ChiR1&Pac(7).... 35 ,Chickasha COll (3). 44% Chiids Co (2.40). 54 Chrysler Corp (3)... 15 City Stores (1).. 41 Cluett Peabody (‘)-c 35 Collins & Atkman. 103% 88 Collins & Ak pf (7).. 78% 56 Colo Fuel & lron.... 140 53% Col Gas & El (2) 109 103% Col Gas& El pf A 6). 95% 86 Col Gas & El pf B (5) 130 88 Col Gas&E rcts ptpd. 88% 54 Columb Graph(87c). 311 121% Columbian Carb(5). 62% 43 Com Credit «2) 51% 45% Comm Credit A 59% Conde Nast Pub (2). 19% Congoleum-Nairn... 64% Cong Clgars (1534).. 24% Consol Film pf (2)... 95% Consol Gas (3) 96% Consol Gas pf (6 50 Consol RR Cub n!(‘) 2 Consol Textlle.. 12 Container Corp A... 47% Contl Baking A. 8% Contl Baking B. 88% Contl Baking of 79 Contl Insurance 113% Contl Motors (80 28% Conti Ofl of Del. 82 Corn Prod (t3%)... 43 Coty Ine (g2). Azu Crown Cork & Beal.. 85 Crucible Steel (5)... 3 Cuba Cane Sugar. 2% Cuba Cane sunr of. 5 712 22 153 1 5 5 2 20 22 1 113 12 2 2 1z 4 18 1 5 68 11 20 28 61 13 17 90 6 18 3 5 23 3 53 1 8 6 23 2 2 129% 1271% 78 T 7 331 324 85% 85 267 26% 119% 118 68 1144 110% 125% 125% 107 105% 46 46% 82 & 51 85% 834 60 55% 4 7 23% 21% 87 60's 59% 91 91 46% 46's 381% 14% 39% 44 100 43'% 40‘1 2% a8 1% 1% 121% 119% 403% 39% 36% 86 821 82 6914 66% 250% 2481 6% 5% 5% 5 7 2 14% 14% AT 45% 36% 343 55% 93% 139% 139% 43‘« 40'/4 129% 127 35! 35 59 67 llfl‘Va 108% 43 46% 26 26 87% 86 1Y% 65% 101% 100% 1% 1% 4 4 14% 14 3% 81 112 14% 2 11% 11% 11% 12 3. 8 Bl‘/s 1007 39% 235% 153% 39% 321 53 51% 113 663 58% 14% 17% Curtts Publish pf(7) Curtiss Aero (1).... 4 Curtiss Wright Corp % Curt Wright Corp A. Cuyamel Frult, Davison Chem. Delaware & Hul Del Lack & W (17 Denv& R G W pt. Detrolt Edison Devne & Ray A (t: Dome Mines (1). Dominion Strs(1.20) Drug Corpn (4) Du Pont de N(t43%4 ). Dupont d N deb (6).. Dugquesne 1st of (5). Eastern Rolling MilL Eastman Kodak(18). Eaton Axle & S (3 Eitingon-Sch (23 ) Elec Auto Lite (6). Electric Boat. El Pwr & Lt (1) El Pwr & Lt of (7). Elec Stor Bat (5) 4 Elk Horn Coal. mmerson-Brnt dicott-John (5). & Pub Serv (11). Eng Pub Sve pf (5).. Eng Pub Sve of(5%) 31% Equitable BIdR(2%) 64 ErleRR........ 57 Erle R R 1st pf (4) 56 _ rie R R 2d pf (4). T 42 7 Evans Auto L(32%). 44% Eureka Vac Cl (4). 40% Fairbanks Morse (3) 54% Fash Pk Asso(k2%). 6814 Fed Lt & Tre ($1%). Fed Motor Tr (80c).. Fed Water ServA... Fid Phen F Ins (2) Filene’s Son Filenes (ctfs First Nat Stores 1%. Fisk Rubber. .. Florsheim Shoe A . Follansbee (12%). 4 Foster Wheeler (1) Foundation Co. Fox Film A (4 Freeport-Texa: Fuller pr pf (18.68) Gabriel Snub A..., Gamewell Co (5). Gardner Motor. ... Gen Am Tnk Car(34) Gen Asphalt. Gen Cable A (4) Gen Clgar (4) Gen Electric (16) Gen Elec spec (60c). Gen'l Food Corpn (3) Gen Gas&El A (e1%) Gen Mills (13%). Gen Hotors (13.30, 4 Gen Motors pf (7). Gen Outd Adv A (4). 2 Gen Outd Ad vte (2 Gen Public Serv (b6, Gen Ry Signal (5). Gen Refrac (14). Gillette Safety R (5) Gimbel Brothers. Glidden Co (m2)..... Gobel (Adolf)...... Gold Dust (23%) 4 Goodrich B F (4) Goodyear Tire (5). Goodyear 1st pf (7). Gotham Silk H (2%) Gould Coupler. Graham-Paige. Graham-Paige ct. Granby Copper (8 Grand Stores (1). Grand Unifon. Grand Union pf (l). . Granite City Stl (3) Grant WT (1)....ee Grt North pf (5)..... Grt North pf ct (5) Grt Nor Ore (a1%).. Grt West Sug (2.80), Greene Can Cop (8). Grisgby Grunow Qo.. 2 Guantanamo Sugar. Gulf Mo & North. 4 Gulf Mo & N pf (6) Gulf Sta Steel (4) “4 Hahn Dept Store Hahn Dept S pf(634) Hartman A (2). Hartman B (1.20) Hayes Body b8 % stk Hercules P pf (1) Hershey Chocolat Hershey Choo pf (4). 5 Hoo (R) & Co. . 7 Holland Furn (e2%). Hollander & Son. .... Homestake Min (17). Houd Hersh B (1%). Househld Fin pf 3.10 Household Prd (14). 4 Houston Ofl. . Howe Sound ( Hudson & Man (2% Hudson Motor (5) Hupp Motor (£2). 132! Illinots Central (7)., 29% Independ Ol & G (2) Indian Motor Cycle z.r Indian Reflning..... 28 Indian Refining ct. 784 Inland Steel (3%4)... 38'% Inspiration (4).. 19% Interboro Rap Tran.. 8' Intercontinental Rub Intl Agricultural. Intl Agri pr pf (7). intl Business M (5. Intl Cement (4) Intl Comb Eng (2)... Intl Cmb Eng pf (7).. Intl Harvester (23%). Intl Harv pf (7) Int Hydro El A (e2). 4 Intl Match pt (3.20 12 Int Mer Marine ctfs.. Int Nickel of Can(1). Intl Pap & P A(2.40). Intl Pap & Pwr B. Intl Pap & Pwr C. Intl Print Ink (2%).. Intl Rys Cent Am. ., InItl Rys Cnt Act. int Shoe (2%). Intl Silver (18) Int Tel & Teleg Inter Dept St (2). Investors Equity Isiand Creek Coal(4)’ Jewel Tea (3).. Johns-Manville (3).. Jordan Motor Car.... Kan City Sou (6) Kaufmann DS (1 Kayser Jullus (4). Keith-Albee-O pf ( Kelvinator Corp. Kennecott (5).. Kimberly Clrk(2% Kinney G R (1) Kolster Radlo. . Kraft Ph Ch (1%). Kresge S S (1.60) Kress S H (1) Kreuger & Tol(1.34) Kroger Gr&Bak(e1) Lago Ol & Trans Lambert Co (8) Liggett & My (15)... Liggett & My B (15). Lima Locomotive Link Belt (2.60)..... Lig Carbonic (1434). 1 Lorillard (P) pf (7).. Louisiana Ofl... 35% Ludlum Steel (2) 98% Ludlum St pf (6%4). 34 Mac A & Forb(12.85) 71% McCall Corp (4). 97% MecCrory B (2). % 100 McCrory pf (6) 39% MecGraw-Hill (2) 62% uWicKeesport T P (4. 45% McKesson & Rob (2) McKes & Rb pf(3%) Marlin Rock (13%).. Marmon Motor (4).. Martin-Parry....... Mathteson Alk ie2). May Dept Strs (4) Maytag Co (12). Melville Shoe (1. Mengel Co... . Mexican Seaboard Miami Copper (4). Michigan Steel ({3 Mid-Continent P (2) Middle Stat Middle States Of ¢ Midland Stl pf(+12). Minn Honeywll 13%. Minn Moline Pwr. ... Minn Moline nf 6%.. Minn & St Lout: MStP&SSMof.... Mo Kan & Texas.... Mo Kan & Tex pf(7). Missour! Pacific. . Missour! Pac pf (5).. Mohawk Carpet 12% Mont Ward (23%). Morrell J (3.60)...., Mother Lode (40c) Motion Pictui Motor Meter Motor Wheel (4) Mullins Mfg Munsingwes %) Murraay Corp (k3).. Myer(FE)& Bro (2). Nash Motors (6) Natl Bella Hess(31). Nat Biscuit (17%) Natl Cash Reg A ( Natl Dairy(c1%) Nati Dept Stores. NatlEnameling Natl Lead (5).....00 Natl Pwr & Lt (1)... Natl Radiator. . Natl Radfator pf.... Natl Rys Mex 2d pf. Natl Supply (18).... Natl Surety (5). Natl Tea (1%) Nevada Copper (3).. Newport Co A (3)... Newton Steel (3). N Y Alr Brake (3) N ¥ Central (8). NYChi&StL (6) NY NH & Hart (5) NYNH&HD (D). N Y Ont& West. . Norfolk&Wstn (1 North Amlbm%uk) orth Am pf (3).. North Am Ed pf (6) Northern Vac (5). North Pac ct (5) Ofl Well Supply. Oliver Farm Equip. . Olivr Fr Eq pf A(6). 4 Olivr Fr Ep ev pt(3). 6 Omnibus Corp. . Otis Elevator (6). " o e mS (SR i i CTSPASQUISE -3 Y- SO Pt R e oY) ). Owens 111 Glass (4).. Pacific Gas & E (2).. Pacific Lighting (3).. Pacific Ol stubs, Packard Motor. Pan-Am Petroleum. . Pan-Am Pete B. Panhandle P & R. Paramount-F-L (3), Park & Tilford (33). Park Utah. . 4 Pathe Exchange.... Pathe Exchange A Patino Mines (3.89) Peerless Motor Car.. Penick & Ford. . Pennsylvania RR(4) Penn Coal & Coke. ... enn Dixie Cement. . Penn Dixie Cm pf(7) People’s Gas Chi (8). Pere Marquette (18). Pet Milk (1%) . 4 Phelps Dodge (3 Phila Co 6% pt (3) Phila& Read C& 1 Philip Morris (1). Phillips-Jones (3) Phillips Pete (1%).. Phoenix Hosfery..... Arrow pf (6). Plerce Petroleum. Pillsbury F1 (12%). Pirelll Co A (2.88) Pittsburgh Coal Pittsburgh Coal pf. Pittsbgh Screw 1.40 Pitts& W Va (6).... Poor & Co (12). P Rican Am To (B).. Prairie Oil&Gas 121 Prairfe Pipe L 143%. Pressed Steel Car. Pressed St C pf (7). Proctor&Gamble(2). Prod & Refiner: . Pub Sve E&G pf(6). Pub Sve NJ (2.60) Pullman Corp (4)... Punta Alegre Sugar. Pure Oil (1%)...... Purity Bakeries (4) Radio Corp. Radio pf A (3%)..... Rad1o pf B (5)...... Radio-Keith-Orph A. Railway & Exp (2).. % Raybestos Manhatn, Reading (4).. Reading 2d pf (2) Real Silk (5). Rels (R) & Co Remington-Rand. Reming-Rnd 1st (7). Reming-Rnd 2d (8).. Reo Motors (11.60).. Rep Brass Corp. Rep Brass A (4) Rio Grande Oil (k2). Ritter Dental (234).. Rosaia Ins (2.20).... Royal Dutch (23.20). Safeway Stores (3 St Joseph Lead ('l). St L-San Fran (8)... s St L-San Fran pf (6) St L Southwestern.. Servel Inc.... Sharon Steel H Sharp & Do pf u%). Shattuck (FQ) (1).. Shell Union (1.40)... Shubert Bheater (5). Sitmmons Co (3)..... 1 40% Stmms Pet (1.60)... Sheffeld steel, Solvay Am Inpf 6%. So Porto R Sug 12%. Southern Cal E4 (2). Southern Dairies B.. Southern Pacific (6). Southern Rwy (8)... Southern Ry pf(5). Spalding (AG) (2)... Spang-Chalfant. Sparks Sun Oil Sweets Union 107% 1134 250% Withngtn (1 0. Stand Brands (1%).. Stand Com Tob (1).. Stand Gas & El (3%) Stand G & E pf (4)... 4 Stand Inv Corp (b6). 5 Stand Of] Calif (13). 34 Stand Ol N J (12 Stand O N Y (1.60). 203 % Stand Plate Glass.... 1 Sterling Sec A) Sterling Sec pf(1.20). Sterling Sec cv pf(3) 4 Stewart Warn(j3%). Stone & Webster. . Studebaker (35, . 5946 (€1).. Superior Oil Superior Steel. of Amer Symington. ... Symington A. Telautograph 11.05 Tenn Cop & Ch (1. ‘Texas Corp (3).. Tex Gulf Sul (4)..... Texas P C & Oil (b6). Texas Pac Land Tr.. Tobacco Pr A (1.40). 7% Tob Prod ctfs A 1.40. Transcontinental.... 1 ‘Trico Prod (2% Truax Traer (1. lo) Undorw-El-nlh(u Union Bag & ‘bide 60). Union Oil Calif (2) Union Pacifie (10)... Union Pacific pf (4).. Union Tank Car(5).. Utd Atrcraft&Trans. Utd Afrcraft&T pf 3. 52% 52% 4 Utd Biscuit (1.60)... cgaccaggacaaac nnnunLLERRRRN Vadsco Vadsco Ward Wilcox Yellow Yellow No Am 0 A.M.,. Divide: gash payments based laration. 4% i p.m n:u JEasatie Feitls “Ton in " atock. iPlus 8% n stock. 30% Wextark Radio (c2). Wheeling & L E pf. White Eagle Oil (2). White Motor (1).. White Rock M S (3). White Sewing Mach. White Sw Mch pf(4). Wilcox Oil & Gas. Wilcox Rich B (¢2).. Willys-Over (e1.20) Willys-Over pf (7) Worthington Pump.. Worth Pump B (6) Wright Aero (2)..... Wrigley Wm (4).... Yale & Towne (4). Young Spring (3)...: Young Sheet & T (5) Zenith Radlo (2) RIGHTS EXPIRE Am Com Ale..Oct S 214 Beth Steel 6% Consol Gas. 1% First N; Hayes Body...Oct 7 ates as given in repuiar rate, b Payable in stock, Utd Biscuit pf (7). United Carbon. Utd Clgar Stores(1). Utd Cgr Stor cl!l(l) Utd Corporation. U S Distrib pf (7). S & Foreign Secur. & For Sec pt(6). Freight (3).. Hoffman (4). Ind Alco (6). Leather... Leather A (4). Leather pr pt(7) Pipe & Fdry (2). Pipe 2d pf (1.20) Realty (5). Rubbe Rubbe Smelt Ref (3% U S Steel (7). U S Steel pf ( Univ Leat Tob Univ Pipe & Rad..... Util Pwr & Lt A (e2) Sales.... Sales pf (7). Vanadium (14)...... Vick Chemical(2%). Virginia-Car Chem. . Virginia-Car 6% of.. Virginia-Car pf (7).. aking pf (7). Warn Br P pf(2.20).. Warner-Quinlan (2). Warren Bros (15)... Warren Fdry & Pipe. Webster-Eisenlohr. . Wess Ol & Snow(2). Western Pacific. Western Pacif pf. \Vosurn Union (8) Rich(A)2%.. - o B PR TR TP PO Ve S PO R T P Truck & C. Truck pf. Oct 21 .Oct 11 at St...Oct 7 Co. ..Nov 15 Pac G&E (A). Oct 21 Pac G&E (P) .Oct 21 Shattuck FG .Oct 21 UnCarb&C Utd Carbon ..Oct — Sales of Stocks on New erkmmn. Oct 21 RIG 500 12:00 Noon. the above tal on the hulfi ‘quarterly Or.h.l'lz Iht l;“d‘t’:-l lvnlt of trading lass than 100 shares. {Parity extra. $3 in preferred stock. fPlus 1-25 lnl X when earned, e Fayable e & Plus stoc! T ’¢mml“‘ b Hun G Sk GENERAL BUSINESS ACTIVITY HELD GOOD Few Lines of Industry Show Sea- sonal Decline, Says Trade Expert. Special Dispatch to The Star. NEW YORK, October 4.—Although a few lines of industry have had a mod- erate decline, general business activity conunues hlsh and this month is ex- ed to witness added Almxmn stimu- ition, it is stated by Gage P. Wright, President of' the Business Economic Digest, in the current issue of that publication. According to leading eco- nomic authorities, such hestiation as now appears in some quarters, will-not sprmd to of.h;r ltxéu shiaatt “While no broa up-:wm' activi- looked quarters; a satisfactory credit eondiuon (mn though money rates continue to be nrm)‘ a stable ultuman in the dis- bution of goods; increased income for nmflnl areas; record carloadings and tr-mc for the railroads; buying of cqu!pment by the railroads; strong consumer wer, md vro- pects of unprmdenu(ro “The outlook for employmene for n least the remainder of 19:: ‘l:e orable, md, as no substantial increase in the item of living cost is thought likely during the next several months, purchasing er undoul will re- main consistently good. costs are slightly more than 70 greater than they were in 1913, the rent level is practically the I since 1924.” In conclusion he says: “The filgm unsettlement hrought -bout by thes: influences is expected to be only tem- porarily, and demonstrates that invest- men demand for continues to exist. The long-pull outlook for recom- mended stocks is unchanged, and indi- cations point to price apprecia- ton.” S GERMAN BONDS AND STOCKS. Special Dispatch to The Star. NEW YOR-K. October 4.— with draw. Gravive ctfs (Quoted in 4 1 i g! 888 isu83348ss ¢ 335853 «SR88I8TECS » | moved irregularly lower. Market Turns About Quickly in Afternoon as Banks Take Hand, BY STANLEY W. PRENOSIL, Assoclated Press Financial Editor. NEW YORK, October 4—With trad- ing running close to record-breaking proportions, the stock market wit- nessed another tremendous wave of liquidation today, followed by & brisk rally. Early declines in scores of active issues ranged from 3 to 25 points. but the subsequent recovery wiped out or cut down many of these losses and sent a number of shares up 1 to 3 points above yesterday's final quotations. The ticker was nearly an hour behind the market in the early afternoon, ard total sales in the first two hours rar Just below 2,775.000 shares. Yesterday’s decline, which was one of the most severe in recent stock mar- ket history, forced the liquidation of thousands of weakened speculative ac- counts, but when it looked as though another wide-open break was immi- nent, strong banking support was sup- plied, and prices rallied briskly. The large increase in Federal Reserve brokers’ loans, coming on top of a week of steadily declining prices, had fur- ther undermined speculative confidence. Credit Conditions Easier. Credit conditions were somewhat easier as a result of the heavy liquida- tion that has taken place, but credit rates generally were still well abgve the levels prevailing at this time last year. Call money dropped from 6%z to 6, and time money held steady at 9 pe cent. There was a plentiful supply of funds available. In view of the recent sharp decline in prices, Wall Street was inclined to blame the huge gain in brokers’ borrowings on the large volume of new financing in recent weeks. Opening Is Lower, Selling pressure was renewed at the beginning of today's market, following the drastic decline yesterday, and prices Standard Oil of New Jersey and International Nickel 4| opened with blocks of 10,000 shares at declines ranging from a fraction to nearly 2 points. Simmons Co. and Co- lumbia Graphophone each dropped 3 points, Pittsburgh & West Virginia 21;. and Timkin Roller Bearing, 112. United Steel common, which lost 10 points yes- terday, opened unchanged at 213. A. M. Byers opened nearly 4 points higher and American & Foreign Power 11, ‘The unexpected increase of $43,000,000 in Federal Reserve brokers’ loans to an- other new high record and the closing out of numerous weakened speculative accounts as a result of the many margin calls sent out overnight brought heavy selling into the market at the opening. Blocks of 5.000 to 10,000 shares were quite common. New low records for the year were established in the first few minutes of trading by International Combustion at 37%, Kolster Radio at 205, Yellow Truck at 21 and Warner Bros. Pictures at 481, the losses ranging from 2 to 4 points. ‘Allied Chemical, Auburn Auto, Detroit | Edison and Norfolk & Western quickly dropped 3 to 4 points and early declines of a point or two were recorded by Genel’al Electric, General Asphalt, Union 0il of California, National Cash Register and Fox Film. Wall Street Briefs | By the Associated Press, Gold movements at the Port of New York for the week ending October 2 comprised imports of $4,190,000. Ex- ports of $298,000 and a net increase in the stock of gold earmarked for foreign account amounted to $6,500,000. Im- ports consisted of $1,009,000 from Eng- land, $2,500,000 from Argentina and $504,000 from Colombia and $177,000 from other Latin American countries. Of the gold exported $150,000 was sent to the Straits Settlement and $148,000 to Mexico. Sales of the National Bellas Hess j Co., Inc., for September amounted to £4,456,075 compared with $3,610,109 in September, 1928. a gain of slightly more than 23 per cent. — FOREIGN EXCHANGE. | (Quotations furnished by W. B. Hibbs & Co.) London, pound. Bri Berlin, mark. ome ' lira.. Zurich, *franc Athers. drachm: Madiid, peseta Vienna, schilling. Budapest. pengo. Prague, crown (nom. Warsaw. zlof Gopenhagen, crown. SECURITIES MARKET on the NEW YORK PRODUCE EXCHANGE (Incorporated 1862) NEW YORK’S 3rd STOCK EXCHANGE On the largest floor in the world devoted to ex- change purposes, thismar- ket operates a modern exchange, trading in se- curities not carried on otbcrN:wYork:xchangu The most modern equ: mcnt,mcludmiudenmg house, full ticker service and the most careful scru- tiny of membership and listing applications, has operated to make thisnew exchange an xmpomnt part of the countuy’s fi- nancial structure. Trading averages well above 100,000 shares daily, and more than 650 securities are des- ignated for trading. — ———— Literature concerns ing this Market, and a full statistical mu-loj&myflm No.2. y.N-Y'l