Evening Star Newspaper, October 30, 1929, Page 15

FINANCIAL. INSTRONG MARKET "Many Issues Open Higher| and Improve in Active Trading. N BY JOHN A. CRONE. 3 @pecial Dispatch to The Star. . NEW YORK, October 30.—A deep- throated roar greeted the first few quo- tations on the floor of the Curb Ex- change today as these prices pointed upward. The shouting carried over through Trinity churchyard to Broad- way, with its many brokerage offices, and cheered hundreds of investors here, and probably throughout the country, as popular stocks improved on their early gal This more cheerful atmosphere {o-v lowing Tuesday's sensational crash, was marred only by the announcement of another curb suspension, that of Lynch & Co., the second in two days. The firm is not a large one, and its failure | should not have any more serious ef- fect than the suspension of John W. Bell & Co. yesterday. Duying Is Heavy. was tolling 12 and many of the pivotal shares were improving on “* their opening quotations, Wadill Catch- * ings, president of Goldman Sachs Trad- Corporation, whose shares have _ been hammered down more than 50 m cent of their market levels this *'tifle a week ago, was announcing that his corporation was buying securities. Buying was coming from investment trusts, both here and abroad, from in- dividual investors, and from fire in- surance companies. Spectacled old gentlemen, the New England investors of fiction, visiting brokerage offices not only picked up bargains, but gave cer- tifled checks and cash for their pur- chases. " ‘Tickers promptly fell many minutes > behind the market as the volume of trading continued huge. The extent of the recovery in the first two hours is {llustrated by prices of leading shares flashed from the floor. Prices Rise Steadily. 1 Associated Gas at noon was 40, | American Cities Power & Light A, 35; | Allied Power & Light, 373s; American Superpower, 22',, up 1% from the opening and 3', from its previous close, and American Investors, 1 Wlth the curb tape 77 minutes late at prices showed that not all of Lhe early gains had been held, but the general trend continued upward. Leading curb stocks were quoted as follows early this afternoon: Associated Gas & Electric, 38, off 13; Allied Power and Light, 37, up 2%; American Superpower, 231, up 23s; Blue Ridge, 10 up 1, and General States Electric, 28, up p Citles Service, 291, up 4; Electric . Bond and Share, 7212, up 2; Electric Investors, 105, up 5; Electric Share- holdings, 15, up 1%; Fourth National lflvesmu, 397, up 9% Goldman Sachs, 4515, up 37 Genenl ‘Theaters, 27, up 1% lnd Lehman Corporation, 88, up %. Middlewest Utilities old, 200; Middle- west Utilities new, 24%, up 3! Niagara Hudson Power, 5’., up %: Pennroad '-lnn. 17, Shenandoah, off 8 !hznlndalh preferred, 2 3."/.. up 2 Utfllt!l Power and Light, 5 16, up 1%, and United Gas, 24%, 5%. e ‘barr 1z nfls, ! snna 00; sweet, Pof -um hlml 1.75; yams, barrel, 1.15a2.25: beets, 100, 3.00a4.00; belnl. "bushel, 2.5083.00; cabbage, hamper, 60a90; carrots, 100, 4.00a5.00; caulifiower, crlft 115l2 0' celery, crate, 1.2582.50; eupl IWICW lettuce, bushel, 75a1. 0\1 lll'nl hlmpn' 1.25a1.75; onions, 100 pmmdl, 1.5082.00; peppers, hamper, 20a ; peas, bushel, 5.50a6.00; spinach, tomatoes, mmper. 258 apples, t, 60; oranges, F , bushel, 2.0084.50; qumcel. bushel, 581.50. Dairy Market. Poultry, alive—Turkeys, pound, 40; ~ Bpring chickens, 23a28; Leghorns, 22a 24; old hens, 23a31; Leghorns, 18a22; old roosters, 18a20; ducks, 20a25; ggxmeu fowls, each, 40a75; pigeons, pair, Eggs—Receipts, 1,929 cases; native and nearby firsts, 48a52; current re- ceipts, 42a44; hennery, white, 58a60. Butter—Good to fancy creamery, pound, 42a48; Iadles, 35a36; store packed, 27; rolls, 31a32; process, 40a41. Live Stock Market. Cattle—Receipts, 100 head; light supply; market dull. Steers, choice to | prime,” none; good to choice, 12.008 ©1250; medium to good, 11.00a11.55; ir to medium, 9.50a10.50; +fair, 8.50a9.50; common to plain, 7.00 28.50. Bulls, choice to prime, none: to choice, none; medium to good, .0029.00; fair to medium, 7.50a8.00; plain to fair, 6.50a7.50; common to plain, 5.5006.50. Cows, choice to prime, “ none; good to choice, 8.00a8.50; me- dium to good, 70088.00; fair 15 me- dium, 6.00a7.00; plain to fair, 5.0086.00; common to plain, 4.00a5.00. Heflen, cholce to eJarln-m. none; good to choice, ium to good, 9.00a10.00; fair to medium, 8.0029.00; plain to fair, 'loonon _common to plain, 6.00a7.00. lambs—Receipts, ; fair supply; market steady. ¢ 8heep, 2.00a6.00; lambs, 6.50a13.50. Hogs—Receipts, 250 head; light sup- ly; market steady; lights, 10.00a10.35; ge:\des,, 10.00a10.25; medium, 10.00a 10.35; ‘roughs, 7.25a9.00; light pigs, 9.5029.75; pigs, 9.80a10.00. Cllves—mflpm 75 head; light sup- | o ply; market lower. Calves, 7.00a16.00. Hay and Grain Prices. ‘Wheat—No. 2, red Winter, spot, 1.2134; No. 2, red Winter, garlicky, spot, 1.21%; chber delivery, 1.21%; No- , 1.213; No. 3, garlicky, 1173’ oom—No 2, export, October dehvery, no quotations; No. 2, domestic, yellow, 1.1 Hll 12; cob’ corn, 5.50. ts—No, 2, white domestic, go! ld‘l. No. 3, white domestic, spot, 55} Eye—NeArby 90a1.00. ‘Hay—Receipts, none. Season for old hay is about over. A little new crop is arriving, but hardly enough upon which w establish quotations by grades. Where good order mew hay sells at from l! 00-16 50 per ton, according to its . quality and condition, receipts by truck taking care of most requirements. Straw—Little demand for straw. Re- ceipts generally ample. Wheat straw, No. 1, per ton, 9.00a10.00; oat suaw, No. 1, per ton, '9.00a10.00. HOME INSURANCE VOTES TEN FOR ONE STOCK SPLIT Special Dispatch to The Blar. NEW YORK, October 30.—Stock- holders of the Home Insurance Co. yes- terday approved the recommendation of the directors to reduce the par value of the stock from $100 to $10 and to in-| crease the capital from $18,000,000 to $24,000,000. By reducing the par value of the stock from $100 to $10, each stock- | * holder will receive 10 shares of $10 par | value in ex‘chnnge for each share of $100 par value, Twenty-one million dollars additional capital will be raised by offering new stock to shareholders. This new stock will be offered to stockholders of record October 28, in the proportion of one share of new stock for each three shares held at $36 s share of 810 par, n payable on or before December 14. 78'% Agfa Anscopf... 20 Ainsworth Mfg $2%. 13% Airlnvestorsvte... 45% Alrstocks, Inc v te 4 . Alexander Indust Allegheny Gas Corp. Alumin Goods (1. 20) 108% 108'% Alu Co of Am Pf(6).. P 1 224% 110% Am Gas&Elec (31).. 20'% 8974 238 9% 139 33% Am Cit P&L A (a3) 2 AmCP&L B (b10%) 54 16% AmChain....... 2 16 Am Colortype(3s). 18 Am Com P A ($30c). 29 40 78 115% 9 Gl 18 51% Am Investors (w‘r). 6% lfi 6 205 Am Lt& Trac (10).. 5!! IIG !§5 IIB 364 Am Maize Prod (2 1% Am Maracaibo. 20 Am Solvents Ch 16% Am Superpower 89% Am Superpow pf (6). 14 An-Am vot cod (35c) 12% An-A n-vot cod (36¢) 24 Anglo Chil Nitrate. . 234 Arizona Power... 3% Arkansas Nat Gas 6% Arkansas . 5 Ark NG cm pf (60c) 26 314 Asso-Dyeing & Ptg.. 3 516 Asso-Elec Ind Ltd.. 50 4 AsS@GRE A (32.40). 291 313 Asso G&E Adebrts.. 24 45% AssoRayonpf(s)... 3314 Atl Coast Fish(1.20). # Atiant Fruit & Sug.. 11 1 Atlantic Lobos. 85% Atlas Plywood ( 7% Auto Voting Mach 6% [ 167 Aut V Mov prpt (2). 16% 16% 2912 Aviation Corpof Am 25 29% 29% v 16 .14 13% 10% “10% 10% 117% Bab & Wilcox (7)... 53s 123 128 128 1 g 4 4 1's Bahia Corp. 10 Bliss Co (E 11 19% 23 2% Blue Ridge Corp, 59 9% 127 80 26's 297y 18 41 42 4 % 2% 15 Brillo Co ¢1.20) 2 284 285 4% Br Celan 25 4% 4% 1 Blyn Shoes, ne. 3 1% 65'4 Buckeye Pipe L (15) 64 2415 Buf N&E P pf (1.60) 20 Bulova Watch. . 36 Bulov Wevpf (l%). Burco, Inc. . 3% Burco, Inc (war). 3% Burma rets (313ze). 14% Butler Bros (2). 512 Bwana M Kubwa. 315 Cab&WireLtdA re 1'% Cab&WireLtdB rctas. 4 Cab&WireLtdpf rets 3 Can Marconi 33% Carnat Milk P (1%4)+ 5 Carnegle Metals. ... 52% Caterpillar Trac (3). 25# Celanese Corp . 7 Cent Atlantic 8 20 Cent P SvA (al.76) 12 Cen States El (340 40% Cen St Elcv pf n(6) 79 CenStEIpfxw (6 5% Centrifug Pipe ( 6 Chain Stor ev. ... 13 Chain Stores Stock. . 26 Charis Corp (13%).. 52% Ches & Ohio (new).. 3 Chi& NW bond rts. . 20" Citles Service (130¢) 431 :u« Citles Serv pf (6). _46% Colgate Palm P (2). 6 ColonOil...... 1 Columbia Syndica . 15 % % 449% 214% Comwth Edison (8). 10s 285 ZX‘ le 236 642 4251 Deere&Co (6). 26% 1 45 100% 59 20 1085 101% EI Bond & 8h pf (6. 97% Comwlth Pow pf (§). 98% 98% l'% 10% Comwl Ut B (360¢).. 7 . 31 25% 16% Community Water. 16‘4 163 33 Comstock Tunnel. 2 % Consolidat Afreral 20-. 4 Consolidated Coppe: 12% Con Dairy Prod (32) Con Gas Balt (3) 87 Continental Oil... 37% Cooper Bcllemzr{z). 30 Cooper Bess pfA(3). 5% Copeland Prod Inc A. 124 Cord Corp...... 20% Corroon & Reynuldl 90 Cor & Rey pf A (l).. 45 Cosden Oil : 30 Cream of 8% Curtiss Flying Serv. 3% Curtiss Wright war. 2% Cusi Mex Mining. 814 Darby Pet (1) 18% Davenport Ho: 28% Davega Ine (11%) 8 Davis Drug Storcfs. 568 7 10 410 5% De Forest Radfo..... u 2 Derby Oil & Refin. i B 5 n 614 T8 6% 13 10% 147 10% b 20 17% 19% Douglas Afrcraft. % 19% 79% Dow Chemical (2) s T 90 59% 69 Driver Harris Co. nev 28 AB? 401 =4 Dubeller Cond&Rad. T % Th 828'1 130 1 Duke Powder (). 5% Durant Motors. 10 8% B 5% 24 16% « 501 70% 5 100% 100'% 100% J114% 1028 99 99 50 Kl Bond & Sh (b$). 75 ElInvestors (b6%). 62 105 96% El Investors pf (6. 2 99 15 Kl Pow Assoclate: 34 204 El Pow Associates A 24% Y 16% 45% EI Sharehold pt (§) 70 25% Empire Pow pt (3 30 27 Employ Reinsur 1% 1 30 3?" % E 9 Evans Wallow L 3 Fageol Motor.... 5 Fairchild Aviation.. 75 Fajardo Sugar. .10 Falcon Lead... 1% Film Inspect Mach. & Finan Inv N Y (b8). 4 18 172 Firestone T & R (8). 11221170./ 10% 10 Foremost Dairy Pr. 19 Formost D P pf 1.6 13 Forhan Co A (1, 5% Foundation For 20 Fourth Nat Inv. 10 Fox Theaters A. zm Gnrlock Pkg (1.20) ElA. 19'. Gen Indus Alcohol 1% Gen Lau Mch (1.6 ll‘& Gen Rity & Utilities. 747% Gen R & Util pf (6). 27% Gen Theat Equip vte 26% Gerrard (8 A) Co... 80 Glen Alden Coal (10) 3 Goldberg Store: 3 Gold Seal Eln. 4 Golden Center. . .16 Goldfield conullpt. THE EVENING STAR, and d Rate. Low. Divis 31% Goldm Sach TC (b6). 68 2% Goth Knitbac mu.. 323 Graymur Corp. 250 GrA&PTnv(5).. 61% Gt LakesSteel pt pf. 12 Greenfleld Tap&Die.. 124 Groc Stors Prod vte.. 121% GuifOllof Pa (1%). 10 Hall Lamp (12). Hall Printing(t1 4 Hap C A (b1.40) Rubenstein. . res (CE) A (2)... Hollinger Gold (§0c) Homaokla Of1. . Houston Gulf G Hudson Bay M & 1% Humble Oil (12)..... Huyler Stores of Del Hydroel Service (1). Hygrade Foad Prod. Imp Of1 Can n (50¢). Imp Tob Can (30c). . ImpTob GB&I(1.25). Indiana PL new 121 Indian Terr Ilum. .. Insull Util. Inv... Insull Ut In 2d pt InsCoNA (12%)... Insurance Sec (1.40) 1insuranshar of Del. . Intercoast Trad Co.. Int Cgr Mach (143%4). Intercontinent Pet n. Intern Perfume (1).. Int Petroleum 37%e¢. Internat Products. .. Int Superpower ($1). Inter Util B (3%) pf. Inter Hos M (1.80). Iron CapCopper. IrvAir C (2) (1.60)% . Isot Fraschini (1.05) Itallan Superpow A.. Itallan Superp war.. 4 Karstadt (R). . Kirby Petroleum Kleinert Co (2%4)... Kolster-Br (Am S Lackawanna Sec(4). Lake Superior Corp.. Lakey F & M (12.40). Lane Bryan tlnc (2). Lazarus F&R Co. .. Lefcourt Real (1.60) Lefcour Real pf (3).. Leh Coal & Nav (4).. Lehman (The) Corp. Leonard Ofl........ Lerner Stores Corp. . 4 Libby McNell & L. .. Lone 8t Gas (80¢). Louisiana Lan l 3 WireTel Ltd 62c. Mar Midland Corp. Marfon Steam Shov. Maryl Casualty (15). Mayflower Assn. . Memph Nat Gas Co. . 4 Mer Chap & 8 (1.60). Mesabl Iron. .. o Met & Min Inc (1.20. Met Chain Stores. Mexjco-Ohlo Oil Midland St P (15.92) Mo-KanP L (L5%). % Moh HP 1stpf (7).. « Moh Hud P 24 p£(7). Montecatini debrts. . Moody's I S pt pf (3). Moore Drop Frg A. .. Mount Prod (1.60).. Municipal Service. Nat Amer Co (2) Nat Aviation.. . Nat Fam Strs (1. Na Fu!lflll(‘l).... Nat Investors (new) Nat Pub Sv A (1.60). Nat Rub Mach (2)... Nat Screen Serv 1.60. gar N J (2)... 4 Nat Transit (11%).. Nat Unfon Radfo. ... Neet Inc cv A(1.60). w Jer Zinc New Mex & Ariz Ld.. Newmont Min ($4).. Newport Co (new). . NY Invest (1.20). N Y Invest '( lr N Y Pet Royalty N Y Tel pt l(‘é)“.. Niagara Hud P(40e). Niag Hud Pw A war. Niag'Hud Pw B war. NiagaraSh ( _ -40). Niles Bement Pond. . Nipissing (30c’ Noma El Cor ( Noranda Mjnes. North Am Aviation. North Am Util Sec. . North Cen Tex (60c) North 8t Pow A (8). Ohlo Copper. ... Ohio ONl (+23. & Ollstocks Ltd A t50e Orange Crush (1.50). Outbd Mot A (1.80).. Pac GAE1 1stpf 1%. %" Pac Western Ofl.... 4 Pandem OI1. Pantepec O11 Parsm C Mfg (2. Patterson Sargent Penn Gas&El A 1 Pen Oh £d pr pt (7). 1108 > 2 » S rnaNeBn LT anmmEwe~ LRI TN Y “1208 9 Pennroad Corp. . . 197 Penn W & P (234) ... Perrvman Electric. . Petroleiim Corp. .... Phillp Morris Ine. .. Philippe (L) A (1.60 Philippe(L)B(1.60) . Plerce Govern (114). Pilot RT A (1.20)... Pitney B P n(20¢) Pitts& L E (5)......850 Plymouth OIl (2)... 4 Polymet Mfg ($1)... Premier Gold (24c). Prince & Whitely. .. Prince&Whitely pf 3 Prudentfal Inv..... Pyrene Mfx (80¢). % Rainbow Lum ProdB Reeves (D) (1.20)... Reiter-Foster (10c) . Reliance Bronze & S. Reliance Manage Rellable Stoes b1 . 4 Richmond Radfator. Roan Antelope Min. . Rockland L& P..... Rolls-Roy Ltd rets. . Roosevelt Field.Inc. Ross Stores. Inc.... Russek's Fifth Ave. Ryerson (Jos) (2). St Regis Paper. ... Salt Creek Con (40¢)” Salt Cieek Prod (2). Schulte Real Estate. Schulte Un Ge-81 St. Rcli U 6e-31 Spf (7). Seaton Lesther. .. Seg Lock & H (50¢) . Selected Industrie Select Ind pr (6%).. Belect Ind 2d pd 4% . Sentry Safety Cont.. Sharp & Dohm. Shattuck Den Min Shawin W& P (2) Sheaffer Pen (13)... 8% Shndoah Corp(bé%) Shenan Corp pf (3).. Sierra Pac Elec (2).. Sikorsky Aviation. Stifca Gelct. ... Silver (Isaac) Bros. Stlver(Isaac pf ('l). Sonora Profucts 80 Am Gold & Plat. . South Penn Ol (2).. S Cal Ed pf B(2%) SoCal EApf O (1%). Southern Corp. . 16 4 5 3 1 4 8 0 28 s 3 7 10 7 0 2 iz 1 2 5 6 2 6 7 1 2 1 4 1 6 38 2 1 5 2 3 1 2 5 -45 2 3 6 5 0 3 9 WASHINGTON, D. C., WEDNESDAY, OCTOBER St Ofl of Ky (1.80)..: Stand Pow & Lt..... Std Stiver Lead..... surreu COrp..ev.ee Starrett Corp p£(6).. Stinnes (Hugo). Strauss Roth..... Stroock & Co (3) Stutz Motor Car. Superheater (111 Swift & Co (8). Switt Intl (2). Syrae Wash M B (l) . Taggart Corp....... Tampa Electric (32). Taylor Milling (2%) Teck Hughes (30¢c).. Thermold Co (2) Third Nat Inv (1)..« 5 Thomp-Starrett. 36% Thomp Star pf (3 27 Tobacco & All Stks.. ‘Tobacco Pr Export: Todd Shipyard (4) Tonopah Min (15c. Trans Afr Tran: Tran-Lux DL P Transamer n ($1.60). Tri-Cont Allf Tri-Continental Cor. Tri-Cont Corp pf (6) Triplez Safety Glass Trunz Pork Stores. . Tub Art Silk B (10). ‘Tung-Sol Lamp (2). Ulen & Co. Unfon Am United Carbon pt (7) Utd Carr Fastnr 1.20. 4 United Corp war United DrYy Dock: United Elec Ser. Unit El Ser pur war. United Gas Co. ... Unit L &P A (60c).. Unit P&L pt (6) 4815 U S Dairy A (4). 30, 1929. Wend 82 West Air Exp (! Stock and mvmenl Rate. FINANCIAL. Aa. open nluh. hw. 3 2 S Dairy s Flflllllhlnl (tz) . Zl SF il B ( &mseu 2%). S Gypsum (1.60).. Utility & Ind. Util & Ind pt ( Utility Equities. Vacuum (4).. Vam Camp Packing.. Van Camp Ppf(1%). ‘Waltt&Bond B 1.40.. Walgreen Co. ‘Walgreen Co war. Walker (H) (1) Walker Mining. Watson (J W) Wayne Pump. Copp 6% Y Wes Auto Sup A (3). Western Pow pf (7). 18 % a 200 % 17 Willlams R C (1.40). 24% 24% 15 15 31 29% 107% 107% 8 12% Asso Gas Mid West Pennroad N Y Central. nited Gas Imp. Wil-Low Cafeteria Winter (Benj)...... Woodley Petroleum. Zonite Prod (1.60)... RIGHTS. Am Cynamid.. & Eel. Grigsby Gruno.... Kreuger & Toll..... .Dec 2 Util(pr) .Nov. 15 .Jan. 31 e Nov. 19 .Dec. 31 Commodity Notes Special Dispatch to The Star, Retail Trade. NEW ORLEANS, October 30—Re- tail business has begun to improve with cool weather and now is runring ahead of the volume of last year. is leading other products, but there is & marked improvement in househgld furnishings. Photographic Supplies. PHILADELPHIA —The Girard Trust Co. has inaugurated the system of photographing all checks cashed, so that depositors will have a record of checks for receipt purposes without having to save the canceled vouchers. Turkeys. PORTLAND, Oreg.—A survey of the turkey situatior in Oregon, Washington and Idaho indicates a crop well advance of that of 1928, which was u record-breaker. The first auction of- fering will be at Boise and growers aie already receiving bids. Steel. YOUNGSTOWN, Ohio.—Contracts have been let for erection of buildings to house Republic Iron & Steel Co.'s new mechanical tubing plant at War- ren. The new tubing department will cost_approximately $1,000,000 and will employ between 400 and 500 men. Aviation. AKRON, Ohio.—The first dirigible to be used in the service of the recently formed International Transport .y which, will operate a transatlantic mall ard passenger line of airships, will be bullt here, and plans for inaugu- rating construction are now under way. Nuts. FORT WORTH.—The State pecan crop is expected to show about 40 per cent of normal production this season. The Louisiara crop will be only 65 per cent of normal. It is believed the country-wide crop will be one of the shortest 1 years. Business Notes By the Associated Press. EW YORK, October 30.—Demand for machinery and machine tools in- creased perceptibly in the past week in all sections of the country except Detroit, where the continued depres- sion in the automotive industry has produced a spotty market, the Amer- ican Machinist reports. Charcoal heaters will be installed in freight cars on the Boston & Maine Rallroad this Winter to keep perishable fruits and vegetables from freezing while en route from Boston to Northern New England points. g The Pres-O-Lite Co., subsidiary of the Union Carbide & Carbon Corpora- tion, plans construction of an acetylene producing plant at Casper, Wyo. SLIGHT INCREASE NOTED. IN LEATHER EXPORTS A slight increase in the exports of leather goods was reported for the first nine months of 1929 by the Department of Commerce today, the value being $13,158,199, an increase of $251,949 over a year ago. The exports comprised 1,376,323 pairs of men's and boys' shoes, valued at $4.134,646; women’s shoes, 1,291,363 pairs, $3,509,766: children’s shoes, 51,- 127 pairs, $595,935; slippers, 302,387 airs, $320,350; athletic and miscel- laneous footwear, 38,485 pairs, $70,141; gloves, $134,287; harness and saddlery, $183,430; bags, suit cm!. elc.r $111, 518; pocket books, purses, , $411,584; new_ leather belting, 986, 379 pounds, $1,533,690, and other goods, not speci- fied, $2,147,837. POTATO MARKET. CHICAGO, October 30 () (United States Department of Agriculture).— Potatoes—Receipts, 137 cars; on track, 565 cars; total United States shipments, 799 cars; trading slow, market weak: Wisconsin, sacked round whites, 2.30a 2.50; Minnesota, North Dakota, sacked round whites, 2.15a2.45; Hollandale, shade higher; sacked Red River Ohios, 2.20a285; fancy, shade hixhsr' South Dakota, sacked early Ohloa 2.40; ldnm uuked Russets, 2.1 Milwaukee Chairs Really Rest You ILWAUKEE CHAIRS give you that desired office comfort. Be- cause Milwaukee Chairs are form- fitting—designed to fit your body and fur- nish the utmost in relaxation. more energy out of your employees and you work harder yourself. Clothing | ch: g {of 1929 indicate the largest growth of American foreign trade in any year|q GRAIN MARKET. CHICAGO, October 30 (#).—Wheat scored lively upturns in price today aft- er a wavering start. Rallying power shown by Stock Exchange quotation: was the principal immediate factor as to wheat, but traders gave increasing attention to developments that ordi- narily affect grain values. Opening un- anged to Jp-cent higher, wheat hes- itated & little and then rose quickly as much as 1% cénts a bushel in some cases. Corn was easy, starting at lg- cent off to Yg-cent uj é:,,pnd subsequent- ly sagging all aroun Oats was firm. Provisions held about steady. Helping to 1ift the wheat market at times today, indications of liberal ex- port business in North American wheat added to the stimulating influence of rallies in securities values. Talk was current that 1,750,000 bushels of wheat had been purchased overnight from Canada and the United States for ship- ment to Europe. Indications pointed also to curtallment of wheat shipments this week from Argentina. On the other hand, comprehensive advices were to the effect that there had been an increase of 5 to 10 per cent in domestic acreage sown to Win- ter wheat. It was stated in this con- nection that owing to timely widespread rains germination of the crop has been good and flelds looked fine. NEW YORK COTTON. NEW YORK, October 30 (#).—Cotton nvened steady at an advance of 13 to points today with the active months selllng 14 to 21 points net higher dur- ' ing the first few minutes on trade buy- ing, covering and some commission house demand promoted by steady cables, rains in the Eastern and Central belts and talk of a strengthened technical position in both cetton and stocks. December sold up to 18.08 and March to 18.50 on this initial demand, but the advance met a little Southern selling and realizing, which caused reaction of a few points. At the end of the first half hour the market was quiet and steady al net advances of 12 to 14 points. . Liverpool cables reported trade calling, covering and continental buying in the market theré’ and said there was a moderate cloth business with the continent and Near East. FOREIGN TRADE GAIN IS SHOWN BY U. S. By the Associa‘ed Press. NEW YORK, October 30.—A 9 pel cent gain in exports and a 10 per ccnl ain in imports for the first nine months since the war, the National Foreign Trade Council reported today. Exports for the nine moniths were $3,849,000,000 or 292 million dollars greater than they were in 1927, th2 next highest total for the period of almost nine years. Imports for the nine months at $3.361,000,000 were larger than any for any year since 1920. ‘The export business in automobiles and parts this year is the largest ever recorded. The figures for the first nine months, with exports valued at $455,- 400,000, show & gain of 22 per cent over the next lehest corresponding period which was last wear. Machinery ex- ports have also been the highest on record for the past 9 months, totaling $462,500,000, or 25 per cent better than INDS. High. Amer Bl ’-'.DZ 150 !f‘0§” oo 862 =§=:ss=s 103, 811 85 98%% o s 6 nd Trunk 61 Gulfoil Pen s a7 st & Gas_6s dlanap PEL 55 A 51 nsl. land uul; 4. E‘?S‘E‘ _SE:!S.‘. 2283383233832288 Sales in thousands. HORNAN HONDS' 10 Cen Bk Gr St 6s A '51 75 . 3Chilean Cons 7s A '60 92 1Com & Pr Bk 5%s '37 83 1PFinland Res M 6s '61 78 1Ind M Bk Fin'd 7s "4 99% Bl Ellp'r:nv &8 o 11 Mor Bk 12 xd—l:hn?ma"i' E i VioWhen 1ssu d. WW—With warrants. - GERMAN BONDS AND STOCKS. Ger Govt Red Lon = ing_ ctfs Anul:‘od"%c % e 88 owl! Ele G (Ger G Elec) pfd B Comn;.er:b and rivar Bank. Disconto " Geilsehaft Berliner Handles . TerY iy SRSBISZ: Mercur Bank. Vienina® Nor Ger Llovd Aus A E G (General Elec). ol the corresponding months of last year. “It is in these figures,” the Trade Council said, “that it becomes apparent that the main occupation of American export trade today is to equip the rest of the world with the implements of the American standard of living.” Chilean Bonds Hold Strength. By Cable to The Star. SANTIAGO, Chile, October 30.—Wil- lard Shrewsbury, former manager here for the National City Bank of New York and at present head of the loan section in South America for the same institu- tion, in an audience yesterday with President Ibanez declared Chilean credit to be in excellent shape. Mr. Shrews- bury pointed out that Chilean bonds had suffered less depreciation in the | market than other foreign bonds during | the upheaval in the market during the past week. - Clearing House Statement. NEW YORK, October 30 (#). —Clelt- ing house statement as reported b; & Excha :m. u ,500,¢ 000 000» You get Milwaukee © T E R HEALTH CcLuB Modern business execu- tives watch health as carefully as investments. Descriptive Book First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. JAMES Y. PENNEBAKER Nat.5291 1520K St. N.W. No Terrors March 15 —if you know Income Tax Law and Procedure. Special 24-lesson course Bid. Asked. | $238333328388 843831333" 1018 15th Street Chairs are elegant examples of the more nfbdern type of office equipment you will find on display in our showrooms. BUSINESS eURNITURB AND EQUIPMENT Decorators of Commercial Interiors 1506 L Street for Busy Business Men— taught by a Tax Specialist. Class Begins 5:30 P.M. Tuesday, November 12 STRAYER COLLEGE OF ACCOUNTANCY #2315 NATION ESCAPES FINANCIAL GRASH Enormous Drop in Stock Mar- ket Has Not Impaired Business Structure. ‘Special Dispatch to The Star. EW YORK, October 30.—The most astonishing phase of tHe entire stock market situation, which yesterday took a more ominous character than on last Thursday or on Monday, was the ability of Wall Street and the interior ex- changes of the country to go through the crash without bringing on 1 troubles. Never has this happened before, even when the public and banks were less led in with the losses in securities than they are at the present time. This is not only an evidence of strength in money resources of the average specula- s | the market has to deal. tor and investor, but it represents the # | caution that stock exchange houses and lendi‘:: institutions hnve all along ex- on demanding margins and marking down the prices of collateral on a scale that was regarded as ridicu- lous, but which proves to have been the saving element in the situation. It is also a testimony to the steadying influ- ence of the much maligned Federal Re- serve system. Severity of Test. ‘When it is recognized that individual stocks that were much exploited have declined in a little over a month lrom 70 to over 140 points, that the general average of 50 selected stocks is off 100 points and industrials and public utili- ties together an average of more than 150 points, the severity of the test the commission houses and banks that they have had to meet, becomes apparent. Shrinkages in market values have reached figures that cre beyond the conception of even those who daily deal with large figures. Together those of last Thursday and Monday are esti- mated at approximately $25,000,000,000, with another $5,000,000,000 to $8,000,- 000,000 added as & result of the eoulpu yeutzrdly In other words, between and 35 per cent of the total value ul stocks listed on the “big board” has dis- longer and more violent rate than any in_American history. ‘The size of the participation in the market for weeks and months has been much commented on as showing how at every cross road in the country there was an interest in Wall Street. This is now one of the handicaps with which It was repre- sented in the flood of orders that came over private wires yesterday from every State in the Union and compelled such initial transactions as 50,000 shares in Standard Oil of New Jersey, and United Corporations, 45,000 shares in Anaconda, and Consolidat Gas, 47,000 shares in Internstional Nickel, 385,000 shares in Columbia Graphophone, 25,000 shares in Kennecott and West- inghouse Electric and 20,000-share lots in Montgomery Ward, Sinclatr, Colum= bia Gas & Electric, common and Keith-Radio. Nothing like this has ever “been here before. It tallied up sales so rapidly that in the first half hour yesterday, more business was done than during the entire five-hour ses- sions of other markets three years ago. Bankers Watched. So much has been said in the last few days of “banking support” tha the “mn in the street” wo%dered y it was being withheld at such a efltlfll lhour Conferences were held and a trust companies made a statement that they :oel’! miuy requiring their customers now to put up 25 per cent ma: This was an Inu.uupetbn that r"mthgy thought stocks were approaching their bottom figures. What Wall Street want- :g. :o t.::e'hth:k‘""' was more evidence ers were givi Ta rather than moral 5uppufl e e AGGRESSIVE BUSINESS MAN beration mn s Trusted"and rog Potscsses e alii Saahostery, Rossesss men. " He 1o Tharo fifl"’“ e nt end ‘ofice managem an economic n furnish the bes Teferences treat all inauiries confiden: he seeks greater opportunities. s B Address Box 141-3, Star Office an Civervision First Mortgage Loans for, 3, 5, and 10 year periods on houses, apartments and busi- neess property in Washington, nearby Maryland and Virginia Randall H. Hagner & Company, Inc. 1321 Conn. Ave. N.W. * Decatur 3600 Mortgage Loan Correspondent New York Life Insurance Co, For months we urged “Buy Bonds at Present Prices for 6% Return™ BeCAUSE continued high money rates had forced downbond prices creating an unusual opportunity to buy for high income return and profit possibilities. Now, cheaper money is stimulating bond buying and prices are ad- vancing. At this time, it is still possible to select a well diversified list on which the average yield is around 6%. Send for copies of our Current Lists THE EQUITABLE SECURITIES COMPANY I¥¢ A Subsidiary of The Equitable Trust Company of New York STANLY CARR, Representative 721 13th St. at’l 1748 | 922 Fifteenth Street, N. W. ‘WASHINGTON, D. C.