Evening Star Newspaper, October 22, 1929, Page 14

‘FINANCIAL IRECOVERY IN STOCK MARKET RESUMES 103 103 103%| Many Early Gains Are Re- 384% 384 38 "t %*| ported as Rally Carries Through Morning. THE EVENING § ‘WASHINGTON, D. C., TUESDAY, OCTOBER 22, 1929. BANKERS T0 HEAR "TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE 9 tion of Sales See Final Edition. | —Prev. 1029 Sall Prev. | —Prev. 1920 Stock and Sales— Prev. [ —Prev. 1929 Stock and Sales— 2 Prev. FI HER UN MARKEI —Pr’:’l?‘:"m 2‘:’::’.‘; ‘s.x.... o e Prov. | Hish. Lom Diviqend Rate. AGA 50 Bigh, Tow, 285 Close. | B Dividend Rate. ~ Add 00 High. Low. 3 | Hin. Low, o DividendRate. Add00 Hish, i’(‘)’;& 1:0;:; G High. Low. Dividend Rate. Add 00 High. Low. 32:85. Close. | 121% 85 Crucible Steel (5) 5 96 94 94 93%| 108% 73% May Dept Stors(e2). 6§ bb% 84 “é 1"7 nclair Ofl pt (8). s1% B1% % Cuba Cane Susar.... b Maytag Co (13)..00us 378 38 374 " g1 iimo 2% Cuba Cane Sugar pf., Maytag Co pf (3). 102 102 103 1 Mengel Co. «vsvevnne Yale Economist Will Address 28 28 28 e Metro Gold pf (1.89), 17% 17% 19 Mexican Seaboard... Meeting Tomorrow—U. S. Cudahy 43 6 1% 1k 1% 1% 1 120% 120% Miami Copper (4). 95% Alr Reductn (143%).. 83 217% 2088 213 204 30% 12% Curtiss Wright Corp. 400 16 144 Michigan Steel (13 x 4 34% Alr WalE1AD(33%).: 8 35 34% 34% 35 Officials Invited. 22 Curt Wright CorpA. 87 26% 23% Mid-Continent P (3). 215 Ajax Rubber.. 22 3% 8% 3% 3% 58% Cutler-Ham (3%) 1091 107 Middle States Oll.... BY EDWARD C. STONE. Several high Treasury officials are to 2 T % 63 Cuyamel Fruit. 122% 122% Middle States Ofl et.. attend the Fall meeting of the District Solvay Am In pf 6%« 8o Porto R Sug 12%. Southern Cal Ed (3)+ Southern Dairies B.. 8 8 138% 1384 148% 147% 99 99 46 46 38 ] Southern Rwy (8)..4 Southern Ry pf(56).. Spalding (AG) (2) Spang-Chalfant. Sparks Withngtn Spencer Kelg (1.60. Spicer Mfg. BY STANLEY W. PRENOSIL. = Associated Press Financial Editor. NEW YORK, October 22 —After & week of severe declines the stock mar- ket finally turned upWard today, with & 2 ™ % 14 18 12% 12% 13% b i an Rt 27% Alleghany Corp....s 738 42% 414 41% 40% (al59) .. 1 28% 28% 4 Miller Rubber. % 994 Alleg Corppf (k%)= 13 108 107% 108 1071 | 326 are & Hud (3). ‘6 193 354% 241 AJNedCh & Dyp (€).. 70 308 301 308 298 ¢ | 169% 1204 Del Lack & W (7)., 125 1204 AllledC&Dp2 (7). % 122 122 122%| 77% b55% Denv& R G W pf...e 7514 1 B6% Allls Chalm (n) (3) 58 60 5T 224~ Detroit Edison (8).. Bankers' Association tomorrow evening 9 64% 41% Devne & Ray A (13). at the Willard when Prof. Irying Fisher of vale will discuss the question, “Is the New York Stock Market Too High?" Committee ber 9‘- ris are to at- aondrd to with dis- patch at the open- ing of the meet- ing, the most im- portant report to be that of C,r:!l. Pope, gene chairman of the last annual con- vention, held at Montauk Point, Long Island, and : now secretary of ! the association. ! Any other matters that may come up Will be acted upon promptly in order that no time shall be lost before the in- troduction of the distinguished speaker. President Waller will preside. W. W. Spaid is chairman of the program committee and the meeting will start at 8 o'clock and be followed by & buffet ! lunch. Every seat in the small ballroom is expected to be taken. The recent terrific crash in stocks makes the speaker's subject about as timely as an)thing could possibly be. Bank Loans Up $188,000,000. The Federal Reserve Board's con- dition statement of weekly reporting member banks in leading cities on Oc- tober 16, shows increases for the week of $121,000.000 in loans and invest- ments, of $366,000.000 in net demand deposits and of $12.000,000 in time de- posits, and a decline of $50,000,000 in Government deposits with practically no change in borrowings from Federal Reserve Banks. A Loans on_securities increased $130,- 000,000 in the New York district, $52,- ¢ 000,000 in the Chicago district and $18,- 000,000 in the Boston district, and de- . clined $10,000,000 in the Atlanta dise : trict, all rept;x;.aha‘gmboaor:)ks showing a net increase of $188,000,000. “All other" loans declined $14,000,- © 000 in the New York district and $60,~ 000,000 at all reporting banks. Treasury Views on Business. Financial and economic experts in the ‘Treasury do not believe that national prosperity is endangered by the drastic break in stocks. The country’s busi- ness operations are going on as usual and officials believe the breaks and re- coveries in stocks are perfectly natural fluctuations, which no longer hurt other industrial or commercial efforts. Authorities traced the reaction al- most solely to two causes: Withdrawal 10 a large extent of foreign buying or buying for foreign account, and satu- - ration of investment trust portfolios. i The absence of these two elements in the market has created a void in the buying sources, it is asserted, that now is "exemplified. in the sagging quota- tions, but which has not in any way affected the intrinsic values of the stock. In explaining the lack of investment trust buying, a high official asserted that there had been no new _trusts created lately "and those established heretofore have placed their money in securities up to the limit of their ca- pacity. It is the belief, however, that these trusts soon will be looking for investments again and can be counted upon to re-enter the markst to meet their requirements. Experts maintain that the stocks whose values had been shrinking under the drive of the bears have the same intrinsic value as before, because the wealth of the country has expanded along with stock quotations. It was held, therefore, that the condition was really only technical, in the sense that real value was being maintained by the steady hum of industry and the dis- tribution of its products. The strongly financed investment trusts recognize C. H. Pope. 4% Amal Leather. 39 AmalLeather pf..... 42% 22% Amerada Corp (3)... m Bank Note (13 m Beet Si N 34% 14 Am Brown Bov Elee. 184% 107% Am Can (4. . 142 136% Am Canpf » Car ®)ees k1.60) 47% 23% Am Encaust Til (3).. 98% 55 Am European Sec... 199% 75% Am & For Power..... 1081 104 Am & For Pw pf (7). 103 88 Am& For Pw 24 pt. 24% Am Hawatian (1). 6 Am Hide & Leather. 59% Am Home Prd (. 38 American Ice (3) Am Mach & Fay (s 81% 50 Am Metal (3) 17% 3% Am Plano. 175% 81% Am Pow & Lt (11 98% Am Pow & Lt pf (6). 30 AmSeating (2)...0um 2% Am Ship & Com. 130% 93% Am Sm & Ref (4. 138 130 AmSmé& Refof (7). 79% 63 Am Steel Fay (3 3 85 6414 Am Stores (2% 71% Am Sugar Rfg (. 354 Am Sumatra (3) 310% 193% Am Tel & Tel (9). 9 Am Writ Paper ctfs. 39% Am Writ Papr pf (3). 49% 134 Am Zinc LA&Sm...e 111% 85% Am Zinc pf (6) %).eer £8% Asso D G 1st pf(6). 298% 195% Atch T&SFe (10).4 104% 99 Atch T&SF pf (5)... 209% 169 Atl Coast Line (110). 8674 32% AtlG& W Indies. 62% 45% AtUG&WLDL(4).u 77% 534 Atl Refining (13). Alpha Port Cemt(3). 3 n 29 2 229 290% 284%; 286 283 66 227 224 226 142 227% 224% 225 1116 116 116 3 158 157% 158 (e1). 191 140% 133 136 18 12 11% 4% 2 29 23 26% 9 9 8% 1 37 36% 385% 37 16 136 134 136 126 2 11% 11% 11% 11% B9 b8% 66 5B 55% 7 64 B4 b4 b4 22 17% 16 17% 16% 592 166% 161% 161% 159% 1142 161 142 141 25 93% 92% 93 1 69% 69 &9 19 44 41 4 1 28 28 28 33 65 62 62 860 140% }34% 136 s 6 106% 106% 106% 106% 4 96% 96 96 93 W 3% 112% 112% 110% 117 117 116 255 260 250 35 65% 64% 64'a 64% 1 6% 64 6% 6 75 114 109 110' 105% 4 1025 1024 102% 102 5 15 75 5 75 7 82% 81% 81% 83 93 44l 43% 43% 43% 4 36% 34w My 3 70 126% 123 125 122% 4 664 62 66% 64 4 31% 81% 31N 2% 2% 2 2% 182 107% 105'% 106 1136 136 136 42 54% 53% b63% 534 7 66 65 65 65 10 T4% 73% T3% T3% 5 37% 35% 37 38 8 3% a1 1y 1 4 30 19 6 9014 904 90% 90 10t 108 106% 6% 7 75 T4% 62 66 59% 63 55 21 49% 47T% 47% 46% 27 274% 47 3 93 93 92 46 276% 273% 273% 272 6104 103 104 102% 6 184 184 184 183% 43 85 80% 8 79 5 59% 56 59% 59 287 B6% b4% 55 53% 12 126% 116% 12! 117% 13 350 326 349 335 1 6 6 6 6 3 284 28 28 1 39 3 39 2 41% 41% 41% 43 10% Aviation Corp. Del... 150 10% 10% 10% 10% 40 Baldwin Loco (mew). 188 44 41% 414 48 665, 145% 115% Baltimore & Ohio (7) 156 131 1294 129% 128% 80% Y 75 Balto & Ohio pf (4).. 6415 Bang & Aroos (3%) . 934 Beatrice Cream (4. 73 Beech-Nut Pack (3). 9 Belding-Heminway., 82%4 Bethlehem Steel 16% Bethlehem St pt (7) 42% Bloomingdale Bro: 8215 Bohn Alumn&B (1! 4% Booth Fisheries. 82%4 Borden Co (3) 50 Borg Warner (4). 18% Briggs Mfg. 33% Briggs&Stratton(2). 2% British Empire Steel 22% Brockway M T (3)... 28 79 79 19 7 80% 80 80 7w 42 31% 27% 28% 314 14 274 26% 261 264 7 114% 113 4 6 80% 80 9 1 104 104 104 10% 04 B8% biw 564 Ba% 53% 107% 110% 3 126% 126% 125% 126% 1 4d% 44w 18 88 864 2 6 5 155% Du Pont de N(t4i4) . 112 Dupontd N deb (6).. 80% East Roll Mill (1%)." 168 , Eastman Kodak(13). 43 Eaton Axle &S (3). 20 Eitingon-Sch (2%) 76% Eitingon pf (6% ) 126% Elec Auto Lite (6). § Emmerson-Brat A. 57% Endicott-John (5) 924 Eng Pub Sve of (534 31% Equitable Bldg(2%) 64 ErieRR. 657 ErleRR D . 441 Eureka VacCl (4)... 37 Kvans Auto L(12%). 48 Fash Pk Asso(k23). 68% Fed Lt& Tre (311%). 915 Fed Motor Tr (80¢).. 46 Fed Watr Ser A 2.40.. 90% Fid Phen F Ins (2).., 62 First Nat Store 14 Gabriel Snudb A....nv 75 Gamewell Co (5)..ee 6 Gardner Motor...... 81 Gen Am Tnk Car(34) 61 Gen Asphalt........ 104'4 Gen Asphalt pf (5). Gen Electric (1 Gen Elec pec (60¢)+. Gen'l Food Corpn (3) 57% Gen Motors (13.30). i 121 Gen Motors pf (7) 43 GenOutd AdV A (4). 27 GenOutd Ad vto (2). 50 Gen Public Serv(b$). 106 Goodrich pt (7). 93% Goodyear Tire (5).., 98% Goodyear 1st pf (7). 28% Gotham Sjlk H (3%) 7 Gould Coupler. 76% Grand Stores (1). 20 Grand Union... 40% Grand Union pf (3).. 43% Granite City Stl (4) 654 Gulf Sta Steel (4. 26% Fahn Dept Stores. .. 88% Hahn Dept S pf(6%). 23% HartmanA (2)...... 20% Hartman B(1.20). .. 60 Hawaiian Pine t21.. 18% Hayes Body b8 % stk. 64 Hershey Chocolate. . 80 Hershey Choo pf (4). 384% Holland Furn (e3%), 32 Houd Hersh B (1%). 45 Hsehld Fin pf $3.10.. 62 Household Prd (t4). 68% Houston Oil, 55 Howe Sound . 34% Hudson & Man (3%), Mo Kan & Tex pf(1). Missouri Pacifio. Missourd Pac pt (5 Mohawk Carpet 128 Monsanto Ch (g1%). Montgomry Ward(3) an o 1T T TR o 8 Eonmomee Motor Meter G & B. ., Motor Products $10.s Motor Wheel (4).... Munsingwear (13%), Murraay Corp (k8).. Myer(FE)& Bro (3). Nash Motors (§).... Nat Acme (1%4). Natl Alr Trans. o Natl Bella Hess(31). Nat Biscuit (17%4). .- Natl Cash Reg A (14) Natl Dairy(e13%)eeee Natl Dept Stores. ... Natl Distillers, Natl Lead (5). Natl Pwr & Lt Natl Radiator. Natl Rys Mex 24 pf. Natl Supply (18). ... Natl Surety (5)cudee 5\'_.11 Tea (1%) ban" ° PR TV P L -y eIey - NYNH&HDL (1) NYOnt& West....o Norfolk&Wstn(110) S North Am(b10%stk). 10 North Am pf (3) 2 North Am Ed pf Northern Pac (5). North Pacct (5)as.ar Nor Ger Lloyd(3.41), Norwalk Tire & Rb. . Oliver Farm Equip. « Olivr Fr Ep cv nt(3). Olivr Fr Eq pf A(8).. . Oppenheim Col (5). - emSmeSem - wSNENDS n Owens 111 Glass Pacific Coast. . PacificGas& B (3).. Pacific Lighting (3) Faramount-T-L YL Peerless Motor Car.. Penick & Ford. Penn Coal & Cok Penn Dixie Cement. Penn Dixie Cm pf(7), Pennsylvania RR(4). Pere Marquette (18). Pet Milk (1%) Phelps Dodge (3). Phila Co 6% pf (3). Phila & Read C& I Philip Morris (1).... Phillips-Jones (3 Phillips Pete (1%)... Phoenix Hoslery Plerce-Arrow A..... Plerce Arrow pf ()., Pierce Oll. . Plerce Ollpf. Plerce Petroleum. ..y Plllsbury Fl (123%).. Pirelll Co A (2.38) Pittsburgh Coal. Pittsburgh Coal pt. . Pittsbgh Screw 1.40.. Pitts Terminal Coal.. Pitts & W Va (6)...c Poor & Co (12) % P Rican Am To P Rican Am To (B).. Postal Tel & C pf (1)« Prairie Oil&Gas 13% . 2 Pipe L t4%.. » Fo -8 Stand Brands (1% Stand Com Tob (1).. Stand Gas & El (3%) Stand G & E pf (4). .. Stand Inv Corp (b6). . ol lomanNonnnBnann e - Stand Ofl Calif (13). 45 Stand OIIN J (12)...1772 Stand OII N Y (1.60). 89 Stand Plate Glass.... 1 Starrett(LS)Co(2) Sterling Sec A).. Sterling Sec pf(1.20), 144 Sterling Sec cv pf(3) 49 Stewart Warn(j3%). 0 52 o Stone & Webster. Studebaker (35 Submi 1321 1375 128 61% 62% 6l% ne Boa 1% 1% 1% Sun Oil (g1). 80 T4 Symington A. Tenn Cop & Ch (1) Texas Corp (3).. Texas & Pac (5)...., Texas P C & Ol (b5). Texas Pac Land Tr. . Thatcher Mfg. The Fair (2.40) Third Aven ‘Thompson J R Tide Wi T Tide Water Ofl pf(5) ‘Timkn Det Axle 1800 ‘Timken Roller (3)... ‘Tobacco Prod 1. ‘Tob Prod ctfs 1. . 5 6% ‘Tobjeco Pr A (1.40). 10 ‘Tob 17% 17 40 37 5% 4% 13% 13% 16% 16 624 61% % 6 6864 65% 142'5 145 140 14% 14% 12% 12% 26 254 37 37 1% 12 41% 16% 85% 31% 93 15 28% 124% 123% 5% T4 as FxalBe waw o er A8SO. ... Asso pf(8) er Of1(80¢). [ST0R. JOOTETY od ctfs A 1.40. 10% 3 Transcontinental. ‘Trico Prod (2%) Truax Traer (1. Underw-El-F1 Union Bag & Paper.. Unfon Carbide(2.60). Un Oll of Cal (32)... Unlon Pacific (10)... Unfon Pacific pf (4) .. Union Tank Car(5).. Utd Afrcraft&Trans, Utd Afrcraft&T pf 3. Utd Biscuit (1.60)... United Carbon. Utd Cigar Sto United Cigar Strs pf. Utd Cigar St pf(6)... 1 Utd Corporation. 3 Utd Corp pt (3). Utd F: Utd G 1t (e4) Im ). Utd Gas & Im pt(5) Utd Paperboard. P1 fi“’. 2d pf (1.20). 18% Rubber R Smelt Ref (3%). 12 2 40y Smelt Ref pf 3% o B Waldort Systm (1) . 32 Walworth (1.20) 4% Ward Baking B...... 3 8 % Warners Bros P 133 51 Warn Br P p£(2.20).. 3 46% . Warner-Quinlan (2). Warren Bros (15). % % 91 112% 331 377% 33% 219% £20% 2161 18% 1916 19% 29% 29% 84 93y 2 22 1at pf (1.20) 16% ealty (5).. 83% ubber 1st pf... T34 3% 5313 5314 216% 2124 212% 210% 142 141% 141% 142 92% 92! 92% 47 5% Th T6% 43% 8% 35 61 93 | to a new high at 14 | management. rebound comparable to the sharp upturn which came upon the heels of the dras- tic reaction of October 3 and 4. Scores of stocks sold up from 3 to nearly 30 points, and many regained the losses of the past two sessions. Traders felt that the violent sweepe ing out of weakened marginal accounts in the past two sessions, when trading facilities were overwhelmed with frenzied selling, had in a large measure corrected a weak technical position and an inflated price level, and had placed the market once more on fairly firm footing. Commission house advices generally maintained a rather cautious attitude, however, and there was a tendency to look for rather quiet and irregular trading for a time. Mitchell Statement. A statement by Charles E. Mitchell, chairman of the National City Bank, just returned from Europe, to the ef- , fect that he considered that the mar- ket had had a healthy reaction and that the decline had probably overrun itself, had a salutary effect upon Wall Street sentiment. The day's news was largely pleasing, including declaration of a $4 extra dividend by Norfolk & Western, several satisfactory earnings statements, conspicuous among which were those of General Electric and American Superpower, and approval of a plan by Missouri Pacific directors ta refund accumulated preferred dividends, Much of the upturn occurred in the first hour. of trading, when shorts rushe ed to cover in response to the feeling that the market had reached bottom. Trading during the first half hour was almost equal to that of yesterday, but quieted down somewhat as the session wore on. Significant Gains. Western Union surged up 20 points . i ‘5210, é‘h‘xmoflum that a splitu] nding, al Hiw denfls have neca issisa by the J. I. Case surged ug 28 points, Columbian Carbon 29 and man Kodak 14. Many other issues gained from 9 to 12 points. —— PARIS BOURSE PRICES. PARIS, October 22 (#)—Prices ime proved on the Bourse today. Thres per cent rentes, 78 francs 10 centimes, Five per cent loax, 104 francs 95 cens times. Exchange on London, 123 francs 86!, centimes. The dollar was quoted at 25 francs 39 centimes, FOOTBINDING IS STILL . PRACTICED IN PEIPING Approximately One Out of Five Women in Old Capitdl Con- tinue Ancient Custom. PEIPING (/) —Eighteen years of Re= publican rule and foreign influence in China have failed, apparently, to eradie cate several barbaric customs. A census just taken here shows that out of 518,014 women and girls livi in the old capital, nearly 100,000 sti practice foot binding, that ancient and j painful custom of China. True, the practice is gradually dying out as West= ern medicine increases its influence, but a ratio of nearly one in five in Peiping’s female population is its own commentary on the persistence with which the Chinese cling to tradition. ‘The same census reveals that China is clinging to her old religion beliefs, Foreign missionaries have been in China for centuries, but there are only 68 for~ eign churches in Peiping to be com- pared with 1691 Chinese temples, mainly Buddhist. N The pigtail which used to distinguish a Chinaman has had its doom 28! sealed. 202% 155% 198 1514 | The queue was instituted by the Man- Was & 20% 20% 201 | Chus, who imposed it-on Chinese as & * G 67 68 |sign of inferiority. Out of 724,704 male 35 Chinese in the city a bare 400 still wear the queue, these being all old men, g | CHICAGO LIVE STOCK MARKET 58 58% Pure Ofl (1%) . 45 252 268 250 CHICAGO, October 22 (#).—(United” Purity Bakeries (4)ws 12 y 4 58 53 56 |States Department of Agriculture)— Radio Corp 4 212 21314 208% | Hogs—Receipts, 25,000 head, including Radio pf A (3%) 4 57% 59% 58 | 4,500 direct; market fairly active to ail Radiopt B (6).. 4 Weston El A (2) 1% 3415 33 |interests; 10 to 20 lower prices; top, oo it DS Wesxtark Radio (€2) 511z 5215 9.65; bulk better grade, 160 to_300 Taneay & XaD Do White Eagle Oll (2).. 32% 33 |pounds, 9.50a9.65; packing sows, 8.00a Hy el 1/ White Motor (1).... i 4412 43% | 875; butchers, medium to choice, 250 . ybestos Manhata bk 50% 48% | to 300 pounds, 9.00a9.65; 200 to 250 1 d h 1 important Superior (2). 1 6% 6% 108% 28% Int Combustion..... Reading (4).... g}“ :-'nfc'.."?ff)’ 8 144 14 | pounds, 9.15a9.65; 160 to 200 pounds, e o x any oA GAMD. . ooacoe 15214 145% 146% 144 | 121 64 Intl Cmb Eng pf (7)., Reading 1st pf (2) Wiltos Q& Qo 4% 915a9.65; 130 to_160 pounds, 9.00a9.60. o o omed the stock | 47 81'a By-ProdCoke (..o 35 42% 41 4I% 40% 92 Intl Harvester (234). Reading 2d pf (2). »WH:::RIGNA;;; 20% Packing sows, 7.75a8.75. Pigs, medium trading. today with emall lots selling | 84% 72% CAlf Packing ($)..e- 15 77 764 76% 76 |'145 137 Intl Harvpf(1)..... ReAlSIK ()« evse s e RN 83 33 | to choice, 90 to 130 pounds, 8.75a9.50. RS Ah i IneseTlaswereiol | . 4 11 CallahanZinc& L... 2 1% 1% 1% 1% | 59% 47% IntHydro El1A (e2). 5 507 Rels (R) & COuvunras WillyaOver (o1 300 f‘," g::fl’ezkezcflpu. 11,000 head. Calves lowed ‘with (\ ‘more shares changing | 136% 118% Calumet& Ariz (10). 25 120% 118 1204 118 o B i, e Rels (R)&Co 1at(1) Willys.Over bt (7> £ A0SO WSty CEaY hands at 85. Potomac Electric Power | 61% ggs. Calumet & Hecla(4). 55 9% 384 39 :m.l 2018 Int Nickel of Cantiye B gt e 1 5 s L s To e Loy SO odtouo AN Rep Brass Corp....u - }é‘: 2 usgt Fearlings active y rgg:;-sc;gsc steer / Repub Ir, 1 “ 7 and yearling ci 5 . .50 pros- P 4 Steel Woolworth (2.40). 9% 90% pective top, lmr::d 16.00; about 2;000 Worthington Pump.. 0% 1065 110 Western grassers ;‘v:‘"::’;::g )(0 5 85 8 classes, steers, good and choice, 1,300 e . 86 to 1500 pounds, 13.00a16.25; 1100 to i =gee 731 1,300 pounds, 13.25a16.50; 950 to 1,100 Yale & Towne (4)..0 pounds, 13.25a16.50; common and me- Yellow Truck & C dium, 850 pounds up, 8.75a13.25. Fed Young Spring (3). vearlings, good and choice, 750 to 950 Zenith Radlo (2).... pounds, 13.75216.50. Heifers, good and RIGHTS EXPIRE choice, 850 pounds down, 13.50a15.25; Archer Daniels, rts. . common and medium, 8.00a13.50. Cows, Allis-Chal.,n.Oct, 31 14 | B00d and choice. 8.25210.75; common Bangor&Aroos Nov 9 and medium, 6.50a8.25: low cutter and this condition, and few of their man- agers have been disturbed by the re- cession in quotations, according to the official view. The views expressed at the Treasury are of particular interest, in the face of fears in business circles that holiday 1 trade might be seriously curtailed be-| $2% cause of heavy Wall street losses by thousands of people in all parts of the country. Local Securities Remain Firm. 3 B. The investment securities on the [ty ‘Washington Stock Exchange remained CODD‘P.Z‘I‘I\;. 10 steady today in a moderately busy ses- ek Co. o i slon. The New York situation I s 70 Hudson Motor (5) 38% Hupp Motor (f3).... 163% 132! Illinofs Central (7).. - 3 58 39% 29% Independ O11 & G (3). 5 Westn Dairy (B)eses 2 ao% Western Maryland - / 34% - PO 7T PR PIOL -~ OROP o T P U UPQURTIES. V- OIS PP~y - S 54 Bklyn&Queens pf(4), 248% 170 Bklyn Unton Gas (5), 51% 49 49% 5 Indian Motor Cycle 9735 Al Indian Refining. 2615 26% Indian Refining ct. 38% 385 - Industrial Rayon. 18% 16% Ingersol Rand (15%) 49% 49% 47% | 113 8% Inland Steel (3%4) 101% 101% 102 | 66% 37 Inspiration (4). 31% 31% 31% .30 | 68% 19% Interboro Rap Tran.. 88% 864 864 3% | 144 8 Intercontinental Ru 54% b4 54 17% 614 Intl Agricultural.... 4 3% 4 255 149% Intl Business M (8) 8‘_7[\& sg 30 102% 61% Intl Cement (4)..eew 56% Y It 106 49's 3¢ 33 34 35 S ‘i%fsfi".“ia‘ifs‘ffn",'é’m?é" :zol‘:ze:‘t and 8615 83% 84 - ;::elr =n e 12915, while Mergenthaler again regis- 0 214 210% 213 208t U A B Can Aaminsiatn A~ 10 S1a 524 sus s ,,Tg:;,‘,ya,ig“‘gg;;{o,?‘;gfig“;‘: Transter | 467 240 Cass (J 1) (6).. 2 268 " 265~ 268~ 240 oLt sy e w ML) shares of National Mortgage & Invest- 1 Cava 5 16% é?& 0%t IntEEoea%6) ment preforred brought 4';, and 350 z 3 . i TaeTan shares of RegyBstate Mortgage & Guar- D - 50% Inter Dept 8t (3) anty prefc. ¥ moved at 73. Peoples | L) v . 5 29 - Intertypoi LIl firlggmszlnlr:s Wreiziredirecordediatioal) | 1 £3% Cerro de Pasco (6). 8 2;: ;: .M(%"E::g:fllu)i =y o 16 Certain-teed Prod... 3 23 ! '{“g.:mér;mr‘;fror:}:;r;;m( s<::cw\clx?‘synlia;z §0% 62% Checker Cab Mfg C 8414 55 JewelTea (3)..u..s 3001 e tranefor was 40 shares | 279% 195 Ches & Ohlo (10).... 242% 152 Johns-Manville (3) e s o) el | %92 * "75% Chesapeake Corp (3) 9 16% 84 Jordan Motor Car 4 7 6 Reynolds Tb B(3. Rhine West (1.92) Richfield Oi1 (2)...ve Rio Grande Ofl (k32). Ritter Dental (2%). 4 Rosaia Ins (3.20). Royal Dutch (23.20). Safeway Stores (3).v St Joseph Lead (13). St L-San Fran pt (§) cutter, 5.00a6.50. of Commercial National Co. preferred | 19% at 1011, i There were several $3.000, $2,000 and $1,000 bond transactions, the recent increase in bond buying being well | maintained. Six or seven different bond issues appeared on the board. Prices were firm. { Other Financial Notes. | The Wall Street Journal announces that every share of stbck on the New York Exchange is still owned by some= body. But some stocks have changed hands so fast in the past week,that it would be hard te tell who the final owner is. Mr. Stroisz Hands, perhaps. William P. Hamtlton said here the other day that the Pennsylvania Rail- road sold bonds in 1900 on a 3 per cent | basis. 1 don't say those times are com- | ing back,” he explained, “but I think | we have seen the worst of what we may | call unsafely high money rates. That is merely an opinion and not a prediction. Mr. Hamilton also made reference to the frequent attacks in Congress on “gambling in Wall Street” Purchase of 100 shares of stock means it must be paid far and for that reason it is a genuine transfer. If you trade in a bucket shop you do bet odds on an even 4% Chi & Alton, . 25% 6% Chi& Alton pf. 23% 12% ChiGreat W 63% 38 ChiGreat W 44 68% 1084 47% | e1% % 143% 115 Chi R1&Pac (7) 102% 98% ChiR1& Pacpf (8). 109 105% Chi RI& Pacpf (T)s 50 33" ChickasbhaCO1l (3).; 75% 44% Childs Co (3.40) 185 52% Chrysler Corp (3)... 62% 49 Citylce& F (3.60).. 27 14 City Stores (1)...... 614 60% Clark Equipment (3) 72% 41 Cluett Peabody (6).. 154’5 120% Coca-Cola (4) Collins & Alkman. Collins & Alk pf (1).. Colo Fusl & iron Colo & South (3).... Col Gas&E rets ptpd. Columb Graph(87¢).. 121% Columblan Carb(16). 62% 43 Com Credit i2) 51% 44% Comm Credit A 79 64% Comm Invest Tr 69% 27% Com inv Trat war... 133 102 102 108 107 34 33 3% 0% 54 b4 52 b2 15 15% 604 61% 43% 45 145's 143% 30 30 83 88 57 56% 109% 113 108% 106% 104 95 - B R NA—NINR DA A ON® 3 w8 595 11 88 19 4“ -5 78 KanCity Sou (5). 6314 Kan City Sou pf (4 24% Kaufmann DS (13% 47% Kayser Jullus (4) 94% Keith-Albe 32% Kraft PhCh (1%)... 95 Kraft PhCh pt (6%) 42 KresgeSS (1.60). 12% Kresge Dept Store: 33's Kreuger & Tol(1.34). 75 Kroger Gr&Bak(el). 26 Lagowil & Tran Lambert Co (8) 4 Rubber & Tir 32 81% Liggett & My (15). 81 Liggett & My B (16). 40% Lima Locomotive... 45 Link Belt (2.60) 70 Liq Carbonic (143%). 48% Loew'sInc (3). 6'% Loft Inc. oy 18 Long Bell Lumb A. Sears Roebck (33%). Second Nat Inv Corp. Seneca Copper. . Servel Inc. - Sharon Steel H (2)... Sharp & Do pf (3%). Shattuck (F @) (1), Shell Union (1.40) Shubert Theater (5). 15 Simmons Co (3)..... 1 Simms Pet (1.60). ... 3 3115 SinclairOfl (12%)... 121 331 321 Bucyrus Erie..Dec 2 Sase (JI) Columb Carb. Domin. Strs. Gimbel Bros.Nov. 6 No Am Co...Nov 15 14 Simmons Co., ts. ... 5 \United Carb..Oct. 28 1w 2% 2% % % 5% 64 0 A.M.,. 30 P.M., Sales of Stocks on New York Exchange. Dividen| as cash payments based on atian. Unit of trading lass than 100 3 stock. 4PIus $3 clerred’ sace. ‘teliuy extra. $Pius o T ‘o a Paid this year—no regular rate 29% | Foiti* I o “atock. "8 Plus 6% in Stock 33 IPlus 8% tn stock. e 823,300 2,798.300 0 in the above t o latest quarterly or 12:00 N 1,907,400 3,153,300 el lus i-25 1n stock. b Payable in stock. ¢ Plus & 19" Cash ‘or stock, & Plus 3% in stock. SOVIET EXECUTES Uu.S. FIVE EX-GENERALS Government Chnrgefl Them With Attendance Here Is Expemd to | eduacted Brazilllans speak French or Aid Closer Relation Between Plotting Counter Revolu- COLLEGE TREND URGED IN BRAZIL| cnafstied cmomit, Passes, here but | tendency to draw the youth of Brazil to those countries of the Old World whose cultural roots are of the same origin. turer arrives from Europe to diffuse the learning of the mother continent. All Spanish in addition to their native Portuguese, and so the work of such visiting professors is made easy, while Bulls, good and choice (beef), 8.75a10.25; cutter to me- dium, 7.2529.00. Vealers ¢milk fed), good and choleg 7 12.50a15.00; medium, 11.50a12.50; c and common, 7.00a11.50. Stocker and feeder steers, good and choice, all weights, 10.00a11.75; common and medium, 8.25a10.00. - Sheep—Receipts, 14,000 head; market slow, strong: native lambs, mostly 12.50; some held higher. Fat Ewes, 4.25a5.25. Feeding lambs, strong to .25 higher, 12.50a13.25. Lambs, good and choice, 92 pounds down, 12.00a13.00; medium, ¥ 11.00a12.00; cull and common, 7.50a 11.00. Ewes, medium to choice, 150 g‘oéx:dszgsowszotoo:h.sn: wl:ln:nd come= , 2.25a4.00. Feeder bs, and choice, 12.50a13.50. L4 SILVER QUOTATIONS. NEW YORK, October 22 (#).—] silver, 497 ; Mexican dollars, 37@ & = SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Cd.) Bid. Of Allis-Chalmers Co. 55 1937 0d" Aluminum Co. of l:le .’ 100 i i chance that a stock will go up or down 1% Comm Solvents (n). 176 tionary Move. Two Countries, Americans, for the most part, who come and that is gambling, he added. 4 181 Comm&So(b5%stk). 196 56 Loose-Wiles (2.60).. 2 y S only infrequently are generally able to Financing for German po;:nc:l u}r:]llsr; 3b% 19% Congoleum-Nairn... 286 % Lortllard (P) Co. 1 = il;fvlekl&r:‘l‘};fllinh!:ng}.{lahs—nlt‘!;gugh some orp. interrupted for nine months by hig! 92% 624 Cong Clgars (15%).. 2 By the Associated Press. RIO JANEIRO (&) —Observers from ere in Spanish. ~California Pet. Corp. 5)as 19 money ratés in this country and by the Consol Cigar (7) 6 &ELA . > It is asserted that'while there were | Canadian Nat. Rwy. 43 Tndifference of American investors to L 20 154% 13815 Louts & Nash (7) MOSCOW, U. S. S. R., October 22.— | the United States visiting Brazil since | g 955" foreign students in_ the schools straight investment bond issues, will| 30s ) 6 23 : 5| 1084 665 Ludium Steel (3) Five former generals in the imperial | the ‘trip of. President-elect Hoover last|and colleges of the Ulrited States last be tesumed this week with an issue of 10 L PO army, named Mikhallov, Vysschansky, | December ~have . suggested - that _the | year. only 881 of them came frof Latin | Ehie Copeer, Co. 3¢ 1410 $3,500,000 City of Hanover 7 per cen 2 “Eo g ' McCror: . 5 erica. Py a b Sa; bonds is offered to the public by Brown | "70% 50 Consol RR Cub pf(6) 3 60 2 621y McKeesport TP (4). Dymman, hl)ekhn:t;v and Szhuln. o et ::;e;nul,h:;mq?ga t:én.;\; pi Sy ey Bétson 1.1 Boston 472e 183, 18 Brothers & Co. and the Continental Illi- 6% 2 Cansol Textlle.. 16 th . 3 o2 3914 Mci<esson & Rob (3) executed by a firing squad yesterday. 1ot of ‘Gmdent: cxchatio: aipecially NORFOLK & WESTERN. Gen. Mot, Accep. Corp. 8 1937. nois Co. ) 2315 12 Container Corp A. 2 9 19% 7 51 MtKes & Rbpf(3%). They were charged With promoting a | e e n's'w pEcy 3 s S dedinsuof o‘n i g, dgu g:n:.‘n;:;lar:m % :",.v }:2;:‘.‘,‘,’,‘,5,‘:',3"” i counter-revolutionary movement, whose | tjons of learning in the northland PHILADELPHIA, October 22 (A).+- er cent in commodity prices was reg- n ng A. 9015 ) ceee . " B Titered during the week ended October 814 Contl Baking B. / 255's 148 Macy (RH)&Co(et3) chief aim was to weaken the Red army s At the same “mfi r:" is ‘.{,‘,’é‘ifi’éd‘?‘eig | The Norfolks & Western Rallway Co. to 19 in the index of wholesale prices com- 88l Contl Baking pf 3 24 16 MadisonSqa G (1%4). 1 16 and pave the way for forelgn interven- | lcan professors with & knowledge of|day declared an extra dividend of $4 a piled by the, National Fertilizer Asso- Contl Bank NY 1.3 5 Magma Copper (6)... S tion. 3 5;',{32,'36‘:, should lecturs in Br: D | share.on the common stock, in addi- ciation. Eight groups showed declines, Contl Can ¢2%).... MalMnson & Co. A number of other defendants were ‘The neeli of this latter is evident by vance. 79 Contl Insurance (3. ’i"m“rt’,“vkyofi?fl{ifi‘.’é"%i&é‘&,“ oy | ‘20 1o Gontl Moters (8tehe. 125 sent to concentration camps for varying | the number of Europeans who come to $2 & share. ) Standard Glf L " WO = A periods of hard labor. It was charged Amg T —— smflake T e 15 advanced. The largest declines oc-| 47% 28% ContlOllof Del..... 350 36 354 363 36% k:| 126 ‘B2 ‘CornProd (13%)..~ 220 12515 121% 1254 120% tours at various universities, and teach- A materiais T the textie group, fatad oty oo (emree-s 82 44 azu 4 0 that they were connected with War in- | oy “from - Latin-Europe bility become bald, is the recent dec- raw materials in the textile group, fats,d 82w 42% €3 ooene bl miscellaneous com= Radlo ($1). 63 G54 60 6B% 60 oo o ) g Cork & Beal.. . 4 68% 654 684 664 69 Marlin Rock (13%) 38 Marmon Motor (4) 4% Martl; Parry. 14 | dustries of Soviet Russia and had Main- | ployed in the more progressive schools | laration of doctors”and halrdressers 42% Mathfeson Alk.(e! m ‘These teschers naturally have a ! Melbot Austtalia, © * " tathed an elaborate espionage system.,” urne, 42% Cro