Evening Star Newspaper, October 31, 1929, Page 15

og dishes and beers and the etiquette ] FINANCIAL. CURB SHARES GAIN IN SHORT SESSION Improvement in Prices Be- gun Yesterday Is Resumed Today. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, October 31—Sweeping | gains took place in the trading on the curb today, with the volume of orders so0 huge that the tape in the first hour ‘was running 15 minutes late. Popular stocks, such as Cities Service, Electric Bond & Share, American Super- power, Transamerica, Goldman Sachs, Blue Ridge, Shenandoah, Standard Oil of Indiana. Ford Motor, Limited; As- sociated Gas & Electric and United Light & Power A led the rally both in point of volume and in size of recovery. International shares like Noranda Mines, Hudson Bay Mining, Roan Ante- lope, Hiram Walker, Hydroelectric and securities of that type featured the opening. Their rise mirrored the im- provement that took place in London, Paris, Amsterdam, Berlin, Montreal and ‘Toronto within the last 24 hours. Cities Service was quoted on the floor at 12:30 at 421, off 2!, from the open- ing, but_a 9';-point gain overnight Electric Bond & Share at 88 was off 117 points from the opening, but still up 8's points. Humble Ofl opened at 1237, up 42%, on a block of 6500 shares. Standard Power & Light started at 160, up 77 points, and American & Foreign Power 7 warrants at 79 on a lot of 8,000 were up 3234 points. The extra dividend of 25 cents de- clared by Standard Oil of Indiana a’~ tracted attention to that stock. It con- tinued its advance. Curb prices flashed from the floor at 12:30 follow: Electric Investors, 1397g: Associated Gas, 52%; American Cities Power & Light, 4475; Allied Power & Light, 555 American Superpower, 30'%; American Investors B, 18; Blue Ridge, 123; Blue Ridge pfd., 31's; Fourth National Investors, 4175. Goldman Sachs, 6035: General Thea- ters, 317; Lehman Corporation, 9 Middle West Utilities new, 31'5: Niag- ara Hudson Power, 18; Prudential In- { vestors, 173; Shenandoah, 16%;: Shen- andoah pfe 32Ys; United Light & Power A, 33; United Gas, 297;. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md.. October 31.— Poultry, alive—Turkeys, pound, 40; Spring chickens, 23a28; Leghorns, 22a 24; old hens, 23a21; Leghorns, 18a22; old roosters, 18a20; ducks, 20a25; guinea fowls, each, 40a75; pigeons, pair, 25. Eggs—Receipts, 390 cases; native and nearby firsts, 48a52; current receipts, 42a44; hennery, white, 58a60. Butter- to fancy creamery, pound, 42a48; ladles, 35a36; store pack- ed, 27; rolls, 31a32; process, 40a41. Vegetable Prices. « Potatoes, white, barrel, 1.50a4.15; 100 pounds, 2.50a3.00; sweet potatoes, bar- rel, 75a1.75; yams, barrel, 1.7582.2! beets, 100, 3.0024.00; beans, bushel, 2.25: ; _caulifiower, crate, 1.2! 00; celery, crate, 1.25a2.50; eggpla 3.50a4.50; lettuce, bushel, 75a1.0 per, 1.25a1.7 100 pounds, 1.50a2.00; peppers, 20a30; peas, bushel, 5.00a5.5¢ kins, 100, 6.00a12.0¢ nips, hamper, 15a20; apples, bushel, 75a 2.75; grapes, basket, 60; grapefruit, box, 3.00a4.00; honeydews, crate, 1.50a2.50; , box, 2.50a4.25; pears, bushel, quinces, bushel, 75a1.50. MEALS OF SWEDISH MAKERS OF MANNERS Extraordinarily: Heavy Courses Determine Customs of Hearty Scandinavian Eaters. Undoubtedly meals make manners in g'ledcn, says the London Daily Mail. t the end of a charming speech from the host, the guests file past their hostess with thanks, and she expresses to each person the “hope that the food may become them well.” This rather charming custom even prevails among children. They rush to their mother with a “thank you very much for the bountiful meal.”’ Conversation, on the other hand, be- a feat, owing to the multitude - Peev 1929~ High. Low. Stock ana Dividend Rate. Acetol Prod A 814 Aero Sup Mfg. 17 Aero Underwrit, 17 Alnsworth Mfg 12% 3 Afr Investorsvte.., 3% Alexander Indust. .. 5% Allegheny Gas Corp. 10% Allled Mills, Inec. ... 29 Allled Pow & Lt. 74 AIP&LIlstpfh 15 Allison Drug St B Ajuminum Co of Am. 5 Alu Coof Am pf(6). % Alumin Goods (1.20) or 2o manaSenla 539%2 146 108! 1031 41 35 1 29 2 3 31 1 16k Am Chain. ... 33% Am Cit PAL A (a3).. 10 AmCP&LB (b10%) 16 Am Colortype(13)... 18 Am Com P A ($30c). 22 Am Com P B (130¢c).. AmControlOfIFIds. . Am Cyanam B (1.60) 109 3% Am Dept Stores 4 16 “*Am Equittes. 521 Am For Power war.. 1101 Am Gas&Elec (31).. Am Gas&Elec pf (6). Am Invest Irc B. . 44 Am Investors (war). Am Maize Prod (2).. ‘Am Manufactur Co 1% Am Maracaibo 8 Am Natural G 94 Amrad Corp ( S 61 Armstrong Cork(t2) 50s 19% Am Solvents Chem. . 25 AmStPSA (160).. 16% Am Superpower. 874 Am Superpow pf (6). 94'4 Am Super 18t pf (6). 8 Anchor Post F ($2). 12% An-A n-vot cod (35¢) 15 Anglo Chil Nitrate. . 114 ArgoOfl..... 20 ~ Arcturus Rad 3% Arkansas Nat G: 6% Arkansas Nat G: 4 Ark N G cm pf (60c 344 Asso-Dyeing & Ptg. 42 Asso Rayon pf (6) 7% Auto Voting Mach 16% Aut V M cv prot (2). 2915 Aviation Corp of Am 13% Aviation Credit. . 10% Aviation Securitie: # Atlant Fruit & Sug.. 32 AxtF Tob A (3.20).. 1% Bahia Corp. .. 115 Bahia Corp pf. 90 Bancomit Corp. 5 Bellanca Atreraft. .. 81 Bickfor Inc pf (2%). 10 Bliss Co (EW) (1).. 314 Blue Rid| Brillo Co (1.20) 4% Br Celanese Ltd 55 Buckeye Pipe L (15) 24 Buf N&E P pt (1.60) 7% Burco, Inc..... 3% Burco, Inc (war). 40 Burco, Inc conv pf. 3% Burma rets (313 14% Butler Bros (2) 5% Bwana M Kub 1% Cab&WireLtdB rcts. 76) . 12 Cen States El (340c) . 77% Cen St Elpt x w (6).. 5% Centrifug Pipe (60¢c) Dev. 2 58 Colgate Palm P (2) 6 Colon Oil, 20 Columbia 1% Comstock Tunnel 97% Comwith Pow pf ( 20% Consolidat Afrcra: 4 Consolidated Coppe! 12% Con Dairy Prod (32). B: A BNITANNH N 14 15 . 375% Cooper Bessemer(2). 11% Cord Corp. . . 18 Corroon & Reynolds. 45 CosdenOfl....... 5% Creole Petroleum. .. 3 Cresson Cons (.08)... 18 Crocker Wheeler(n). 5 Crown Cent Petrol... 2% Cusl Mex Mining. 7% Darby Pet (1).. 17 Davenport Hos (2).. - - aonaBranmnRallslehaas 17 Derby Oil & R. pf. 6% Detroit Alrcraft Cor. 9 Dix Gas & Utilities. . 160% Dixon (J) Cru (t12). 50s 16 Doehler Die Casting. 3 % Dolores Esperanza.. 121 19% Douglas Alreraft. 2 ‘which compels you to address your host and fellow guests by their full title, | whether it be diplomatic, political, ec- | clesiastical or commercial. Fortunately, every other person is a baron or a count, which minimizes the effort of memorizing “Mr.-the-Assist- ant-to-the-General - Manager-of-Wdod- pulp-Factories,” “Mr.-the-ex-Purveyor- of-Greengroceries” and a score of others. ‘The incredible meals of Sweden begin with a visit to a gigantic sandwich board, a Swedish institution to be found in home and restaurant alike. A pink, fat gentleman speaks lovingly to the dishes of his choice. He must one of the gourmets of Scandinavia—with~ out doubt a Dane. To the English visitor the variety is bewildering. There are plates full of bread—large, unleavened, crisp knacke- brod (with and without carraway and baked to a variety of flavors and shades); dark rye breads (sour and sweet); barley breads (with and with- out honey), and white bread, called French bread. There is the largest stack of butter in the world (guests help themselves liberally, for it should be _thickly spread). ‘There are caviar, the most velvety anchoves, and herring in all sorts of fancy dresses; raw herring in sweet vinegar with herbs and peppercorns; smoked herring au naturel or swimming in savory sauces; herring and beet-root salad; cooked herring; herrings with potatoes and onions. The eel is disguised in nearly as many ways; prawns are in elamorate decoration to fish mayonnaise; mbsm‘l eps out of a tempting salad, and with is plate stacked with such delicacies, | many a Swede tackles a dozen kraftor, & wee fresh-water lobster, which he washes down with gulps of gin, to an accompaniment of formal bows to his friends and a chorus of ekol (good health!) But this is not what the Swedes call # meal—merely a quick lunch. Were 1t a dinner party, the laws of hospitality ‘would decree a full course meal to fol- low. And at the end of this staggering feast the men folk would still have to drink the deceptively sickly and potent Bwedish punch. 2 1% 130 5% Durant Motors. 1% Earl Radlo Corp. 22 EastGas&F Asi 26 East States Power 10 Eisler Elec Corp. 50 ElBond & Sh (b 100% EI Bond & Sh pf (! 75 ElInvestors (b6%). 15 El Pow lats 16 El Pow Assoclates 10% EIP & L opt war, 1 Engineers Gold...... 9 Evans Wallow Lead. 1% Fageol Motor (6% ; 20% Fiat Stk deb rtsrcts.1126s 1% Film Inspect Mach.. 1 170 Firestone T&R (8).. 100 Florida P&Lt pf (7). 15 10% Ford Motor Ltd 10 Foremost Dairy 19 Formost D P pf 1.60 17 Foremost Fal Forhan Co A 35 FrenLine B (2.54). 21% Garlock Pkg (1.20) 9% Gen Am Invest new. 2% General Baking. 50 General Bak pf (6).. 7% Gen E Ltd rcts (50¢] 10% Gen Lau Mch (1. 45% Gen Print Ink (23%). 11% Gen Rity & Utilitie T4% Gen R & Util pf (6).. 25% Gen Theat Equip vte 27% 62% 3974 121% 66Y% Add 00. Am Lt & Trac (10)., b1s 225'% 229% 1 32% 3 2 100 10 26% 24 Open. High. 19% 19% 33% 12% 2 108 22% 30% 4 ot 12 295 299 3 108% 108% 24% 35% 12 41% 45% 26 26% 26% 43% & 34% 6% 26% 102 19% 10% 11% 11% 2% 50% 2 1% 93 9% 10% 14% THE EVENING STAR, 'WASHINGTON, Low. 17 31 12% 2 10% 12% 304 9% 4 5 135 102 11% 9% 8% 10% 5 's 179% 170% 6 6 6 3% 31% 27% 20 99% 3 30 27% 19% 90 103% 101 1% 1% 3% 5% 3% * 1%, 1% 1% 3% 5% 62 * 1 10 7 10 15 61 56% 2;% 22% 15 56% 22 26% 26 30 9 13% 18% 3.8, 17 31 12% 2 2 135 102 1% 9% 29 42% 290% 22 1042 2 2 1215 216 215 215 100 100 6% 100 NEW YORK CURB MARKET rev. 1929~ 12% 457 35% 91% 173% 30 117% 58% 1183 249 Stock and Bal . Dividend Rate. 16% Hazeltine Corp (1).. 10 Hecla Mining (1) 314 Hollinger Gold ¢ 2215 Holt (H) & Co (1.80) ' Homaokla O11. 6 Houston Gulf G: 6 HudsonBayM &S Humble O11 (12)..... 35% Hydroel Service (1). 10% Hygrade Food Prod. 22 ImpOflCann (50c). 6'% ImpTob GB&I(1.25). 26% Indiana PL new +23 5 Indian Terr Illum. 70% Indus Fin cv pf (7 26 Insull Util. Inv. 20 Insurance Sec 124 Insuranshar of De 6l Intern Perfume (1 15 Int Petroleum 37%e¢. 5% [nternat Products... 19% Internat Projector. . 25% Int Superpower (31). % Intercontinent Petn 2813 Inter Util A (3%)... 3 Inter Util B (3%). 12% Interstate Equities. . 43% Interst. Eq. cv-pf.(3) 1 Iron CapCopper. 15% IrvAir C (2) (1.50) 6% Itallan Superpow A.. 5% Itallan Superp war.. 1% Kolster-Br (Am Sh). 30 Lackawanna Seced). 915 Lakey F & M (12.40). 43% Lane Bryan tinc (2). 105 Leh Coal & Nav (4). 3 Lefcourt Real (1.60) 80 Lehman (The) Corp. 2 LeonardOil........ 44 Lerner Stores Corp. ¥ 11% Libby McNell & L... 18 Lily Tulip Cup Corp. 28 LoneStGas (80c). 40 Long Island Lt (40c) 3% Louisiana Lan & Ex. 2614 MacMarr Sts, % Magdalena Sy! 35 Mar Midland Corp. 10 Marion Steam Sho 1% Mavls Bottling. 56 Mayflower A 10 Memph Nat Gas Co. 10 Mer& M{S A (1.50). 15% Mer Chap & 8 (1.60). 1% Mesabi Iron........ 5 Met & Min Inc (1.20. 18 Mid West Util(new) . 75 Midland St P (15.92). 1% Min Corp of C (25¢).. 8 Mo-KanP L (b5%). 99% Moh Hud P 2d pf(7). 1% Montecatini debrts.. 7 Mount Prod (1.60).. 4 40 Morrison Elec (1). 10 Municipal Servic 6% Nat Amer Co (2) 10 Nat Aviation.. PN T =T @ Bonma ] - & o wlrTarRunnannnn anad mesamnsERoulnaBrrnanaann e cseE e ceTensenBaR e En RS0 at Investors (new)’ at Mfrs & Stores. .. Pub Sv A (1.60 ‘at Transit (11%) at Union Radio 17 Nehi Corpn (1.30). 23 Nelson(Herman)(2). 60 Newberry(JJ)(1.10). 28, New Eng Fueln. 135 Newmont Min (34) 30 Newport Co (new).. 8 N Y Auction (1%)... 25 N YInvest (1.20).... 4 N Y Invest (war)... 25 NY Merchand $2%.. 11% N Y Pet Royalty (1). 12 Niagara Hud P(40c). 3% Niag Hud Pw A war. 2 Niag Hud Pw B war. 21% NiagaraSh ( _--40). 26% Niles Bement Pond. . 16% Noma EI Cor (1.60).. 10 ' Noranda Mines ' 6% North Am Aviation.. 8 North Am Util Sec.. 8% North Cen Tex (60c) 115% North St Pow A (8).. 35 North Wcv pf (’lz)). . 23 N W Engineer (2)... 3% Ohlo Copper. 64% Ohlo Ofl (2% . 23 Orange Crush (1.50). 4% Outboard Motor (B). 12% Pac Western Ofl.. ... 24% Pac G&E] 1stpf 1%. 10% J;ncklrd El (2.60). kel @ -, 8 arn M 2 90 Pepperell Mfg 10% Perryman Electri 18 Petroleum Corp. % Philip Morris Ine. 12 Pitney B P n(20¢e). 22 Plymouth Oil (2) 17% Polymet Mfg (31 1% Premier Gold (24c] 6% Prince & Whitely. ... 82% Prince&Whitely pf 8. 5% Prudential Inv. . . 98 Pug SP &Lt pf (6). 1308 6% Pyrene Mfg (80c)... 10% Radio Products..... 5% Rainbow Lum ProdB 1% Relter-Foster (10c) 9 Reynolds Bros Inc. .a 22% Reynolds Met (new) 4 Richmond Radiator.. 30 Roan Antelope Min.. Y o 39 42 33 » AR B NG 0B~ o 45 Ruberoid Co (4). St Regis Paper...... St Regis Paper pf(7) 9% Salt Creek Prod (2).. 40 Schiff (The) Co (1).. Schulte Real Estat Schulte Un 6c-§1 St.. Sch U be-31 8 pf (7). Seeman Bros (13). a » - [ITTTPE - PR P <P Select Ind pr (5%).. 4% Sentry Safety Cont.. 12% Seton Leather (2)... 16% Sharp & Dohme. 3 Shattuck Den Min. .. 8% Shndoah Corp(b6%). 25% Shenan Corp pf (3).. 26 Sferra Pac Elec (2).. - whRwBeHRmar R a S = % Spanish&Gen rcts B. 50 Sple-May-S pf (6%). Bia 29 St Oll of Ky (1.60) 44 Stand O1l of Neb 13.. 49% Stand Pow & Lt..... % Std Silver Lead. 23 Starrett COrp.....se 34 Starrett Corp pf(6).. 26 Stein (A) &Co...... 12 Stein Cosmetics Inc. 42 Btern Bros A (4).... 28 Btroock & Co (3).... - RHEOANADNBENARD o (3) 168 Superheater (111) es— Add 90. Open. 3 2 Received by Private Wire Direst to The Star Offies . High. 8 Low. 25% 15% 14% 5 1% 2% 2% 174% 174% 33 31 12% 32% 20% 56% 40 14 5 49 48 T% 14% 82% 61% 6% 17 39 39 186% 18614 T21% 7 8 public utility mortgages and a few of % | the i | clation in values by mixin 28 | $8,661,000,000 7% |ing in the BOND BUYING GAINS D C. —Prev. 1920~ Stock and Low. Dividend Rate. i Union Amer Invest. % Unlon Tobaceo Utd Carr Fas| United Corp war % United Dry Dock: United Elec Ser..... ¢ Unit E] Ser pur war. United Gas Co. . Unit L& P A (60c Unit P&L pf (6) Unit Reproducers U S Dairy A (4) U S Fininshing 4 US Foll B (1) U 8 Gypsam (1. US&InSctf (2% U S Lines U S Radl. Unit Verde % Utab Apex (50¢). Utll Power&Lt($1). UtP&L Betfs (31)) Utllity & Ind..... Util & Ind pf (1%).. Utility Equitie . Vacuum (47.. o 44 20 19 amoe @ = B Rplncate 0o THURSDAY, OCTOBER 31, Sales— K Add 00. Open. High. Low. 3:15 1929, —~Prev 1929— High. Low. 44 381 8% 2 20 19% 4" 1% % Watson % Asso Gas 27% 114% 108% Stock and Dividend Rate. Vam Camp Packing. 1 154 1 Veeder Root (2% ) Vick Fin Corp Va Rallway v. Waitt & Bond A (2) Waliti&Bonda B 1.40 Walgreen Co. .. Walgreen Co war. .. Walker (H) (1) Walker Mining. RIGHTS. FINANC TIAL. ¥¥3 15 Sales— Add 00. Open. High. Low. 3:15. 2 15% 15% 421 42 105 10% 2% 2% 2121 10% 10% s J W) Wayne Pump den Copp est Air Exp (6! Wilkams R C (1.40). % Winter (Benj). .. Woodley Petroleum. Zonite Prod (1.60)... Expire. & Eel Grigsby Gruno Kreuger & Toll Mid West Util, N Y Central Pennroad . DURNG OCTOBER Public Turns to Fixed Inter- est Obligations as Equity Prices Drop. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, October 31.—As the month of October has been the most disastrous since March, 1926, for thel holders of “equity” seuritles, so it has been the most satisfying in a year and a half for owners of fixed interest obli- gations. Whether bonds and preferred stocks have come back permanently into good graces of the investor cannot :)k:ledeterm'lnred until the market has had the test of selling by dealers and those who bought as a temporary employment of funds released by the sale of stocks. The primary cause for the turn in the bond market was the collapse of prices for sp:eculative issues. This de- veloped an attitude of mind among in- vestors which distributors of bonds were quick to appraise and there began to appear in print for the first time in months strong recommendations for the urchase of bonds as a balance for stocks that were declining and whose future seemed to be in doubt. At the same time money rates began to ease off, although on the index of brok- ers' loans, there was as much being used in financing securities as previously. ‘The commercial demand, however, had apparently reached its peak, for call rates went down to a fairly stable basis at 6 per cent and time money dropped 1% t0.13% per cent. Upturn Was Normal. ‘The upturn came in a normal way, first the highest grade corporation bons and the various United States Govern- ment issues; then the foreign dollar obligations, which were cheaper thgn ever with money rates down and th prices in many cases at the lowest since they were issued, and finally, the second and third grade American railroad and distressed industrials joining in the movement. ~ The 4 to 5 per cent legal corporation mortgages rose from 3 to 6 points dur- ing October. In other words, their yield changed from 4 to s per cent. The long-term Treasury certificates did best among the Government obligations, | gathering quick momentum and ad- vancing 2 to 3 points from the August and September price level. Junior cor- poration mortgages and debentures, in- cluding numerous 4. and 43, per cent rails and public utilities - from the vintages of 1927 and 1928, worked up from 5 to 6 and 7 points. There were special issues that had been depressed by local situations that took their cue from the general market improvement and gained 10 points or more in quick order, dumfounding those who had soon before dumped them out “at the market.” ‘The recovery in the foreign depart- ment of the market was more moderate than in this lower group on American, but it went quite far in certain sections of the list, as in German mortgage bank bonds and the obligations of municipalities, also in Colombian mort- gage bank issues and in certain South and Central American provincial bonds as also obligations of Southeastern Eu- ropean borrowers that had covered a range of between 12 and 20 points 4n the nine months’ decline they had ex- perienced. ‘What served to revitalize bonds had its effect also on preferred stocks and on guaranteed stocks, both being safe and affording a present rate of return to the investor that he would have cori- sidered most handsome two years ago. Municipal honds moved out of deal- ers’ hands freely with many cities that had been postponing bond offerings taking more courage from the relatively scarcity of old. issues and the better- ment in the market for corporation bonds. The $60,000,000 offering of New York city and of $30,000,000 by the Port of New York Authority, under whose auspices the bridge between New York and New Jersey is being bullt, are cases point. The change in sentiment toward bonds came only when the public be- gan to experience losses of a size to turn their thoughts to safety of prin- cipal and a fair yield and when money showed evidence that it had touched its peak for 1929. From the technical standpoint the market was strongly in- trenched, as there had been compara- tively few bonds created, certainly not many bonds uncompromised with stocks. Concentrated bidding for them forced up prices easily. If the demand for bonds goes on, it will not be long before a supply to satisfy all require- ments will created. Naturally with stocks falling so fast and so far convertible bonds have been unpopular, losing ground as rapidly as they had gained it during the Summer |’ and early Autumn. Temporarily the lverlge convertible bond is no more salable than were the mortgage issues a few months ago, though where it represents high credit, like the Texas Corporation 5 E:r cent debentures, it is readily marketable and may even command a premium. It should not be inferred from the recent turn to bonds that the public has reversed a policy which has been becoming more general, namely, to in- crease the proportion of stocks in an investment account and to seek stability as well as a larger rate of yearly appre- g in more and more high-grade stocks in their It is well that the tide has too strongly in one direction for too long a time, with 70 per cent of the of new corporate financ- e United States in nine months represented by issues and the other 30 per cent by Washington Ticker BY CLINTON COFFIN. ssociated Press Financial Writer. ABrupt recovery in Stock Exchange prices, gratifying as it has been since the Nation proved capable of mobilizing an army of bargain hunters to turn back a developing stock panic, serves to raise again one question of peculiar in- terest in Washington. It has been a qualified hope of Treasury agents and numerous others that once the stock market boom got down to reasonable proportions, there would be an easing of interest rates. Such an effect was normally to be expected, and with heavy Government financing approaching X December, it is still looked for. Further, the long rise of collateral interest rates has shut off foreign bor- rowers more and more from American money markets, though Commerce and State Department reviews indicate that Germany in particular stands in need of funds for sound industrial and civic use. One or two subsidiary organiza- tions, such as the Farm Loan Board, have likewise been postponing from month to month the issuance of bonds that would furnish funds desirable in the specialized field of farm mortgage lending. If again stocks are:to prove a superior attraction for the bulk of investment funds, some hopes for gen- eral borrowing on easier terms will have to be laid aside. Notwithstanding, there was in official circles marked feeling of relief as public buying on a scale moré than adequate to meet all liquidation began appearing yesterday in all security markets. It was generally commented that a higher intelligence was being shown by the public in all walks of life in security dealings than had ever been evinced in previous panic periods. The ability of people in general to buy was regarded as complete verification of the brief word of President Hoover, echoed as it has been by the ablest banking and industrial leaders, as to the ultimate soundness of American conditions. ‘The interest rate course will be most carefully watched, even though the ex- pectation of immediately lower charges is somewhat subdued. This year, all are agreed, is making some new history, and may give cause even yet for some restatement of fundamental economic principles. ‘While Mexico is one neighbor of the United States which evinces every dis- position to maintain an individualized national character, and to travel along social lines distinctly different from those followed by this country, Amer- ican officials there observe some definite succumbing to American examples in sport. It appears that even the national sport of bull fighting is now finding serious competition. “Base ball, foot ball, basket ball and other American sports have been taken up with so much enthusiasm in Mexico that they are gradually supplanting bull fighting in popularity,” Waldo E. Bailey, vice consul at Mazatlan, reports to Washington. “On two occasions during the past year a bull fight and a base ball game were' held on the same day. The base ball stadium was packed, but attendance at the bull fight arena was scanty.” President Portes Gil and other Mexican leaders, the vice consul adds, | P! have supported tendency to en- courage sports of all kinds among the youth of the nation. The disposition, it was added, should be of interest to American manufacturers of athletic equipment as well as to American social agencies. e In addition to approving rules of business practice formulated by several scores of associations engaged in _more prosaic industries, the Federal Trade Commission has now moved officially to lay down a code for those who supply beauty shops and barbers with mate- rials to improve human apearance. The beauty business has long since assumed proportions in the United States which entitle it to most respectful considera- tion, and the regulations for the conduct of manufacturers, wholesalers and deal- ers in beauty shop supplies show the same detail and extent as do those laid down to govern distribution of petro- leum or steel products. As usual, the commission sanctions the ban on secret rebates, discrimina- tion and interference with contracts which the beauty and barber supply as- sociations seek to make effective. One unusual feature of the particular agree- ment arises from the fact that alcohol enters largely into preparation of such supplies, and both the commission and the industry took steps to see that the alcoholic ingredients dispensed and the system of their distribution are not wrongfully used to nullify prohibition. Only one of a series of trade associa- tion meetings held this week in Wash- ington took up the question of labor in its industry, though all of the confer- ences of business men considered varied phases of economic matters of inter- est to their members. The Natjonal As- sociation of Marble Dealers,~ which is currently meeting, was the exception. ‘The fact illustrates the point that trade associations in the United States almost invariably are accustomed to handle hw.’;‘.‘ig‘-nn! apart from general busi- GRAIN MARKET. CHICAGO, October 31 (#).—Active buying on the part of important houses brought about new upturns in wheat prices today after a somewhat ragged start. The fact that foreign markets reflected in full yesterday's sharp ad- vance in wheat values on this side of the Atlantic helped to stimulate fresh speculative purchasing here. Opening at % off to % up, Chicago wheat later showed material gains all around, with the price bulges leading, to increased pressure to sell. Corn, oats and pro- visions were likewise firmer, corn start- ing at 1 decline to an actual advance and subsequently scoring a general rise. Indications of big export business again today in wheat from North Amer- ica did much at times to assist friends of higher prices. Messages from St. Louis and Winnipeg were emphatic that signs pointed to large amounts of bread- stuffs being taken for transatlantic shipment. Meanwhile, estimates were current that this week’s wheat exports from Argentina would total only 1,470,000 bushels compared with 4,612,- 000 bushels the week previous and 2,- 175,000 bushels a year ago. A large share of today’s buying here of wheat future deliveries was credited to Eastern sources. In connection with the resulting upward trend that futures displayed during much of the day, spe- cial attention was given to reports that No. 2 Northern wheat avaflable for im- mediate delivery had gone to a premium at Winnipeg. There were also assertions here that North American export busi- ness both in wheat and flour was greatly in excess of the amounts which have been acknowledged publicly. VIRGINIA INCOME TAXES. 45,002 Persons of 2,500,000 in Do- | minion@Paid State Levy in 1928. RICHMOND, Va., October 31 (Spe-| cial).—In Virginia 45,092 persons out of a population of 2,500,000 paid State in- come taxes in 1928, according to new figures from the State department of taxation. State revenue from 1928 income taxes, individual and coporation, is es- timated for 1928 at $3,500,000. Federal Government income tax receipts from Virginia in the same year are estimated at $20,0‘0,000. Actual collections from _individuals paying income taxes in 1928 was $1,- 818,040, or about 73 cents per capita. Net profits for nine months ended Sep- Personal exemptions under the State income law reduced the number of in- dividuals assessed for taxation of in- comes. Changes in the State income tax law effective in 1930 increasing ex- emptions will reduce the tax approxi- mately $219,000. CHICAGO LIVE STOCK MARKET CHICAGO, October 31 (#).—(United States Department of Agriculture)— Hogs—Receipts, 32,000 head, including 4,500 head direct; market mostly 15¢ to 25c lower; top, 9.40; largely 9.25 to 9.40 market on good scaling 180 to 300 pounds, 100 to 170 pounds, 8.75 a9.25; butchers, medium to choice, 250 to 300 pounds, 8.50a9.40; 200 to 250 pounds, 9.0029.40; 160 to 200 pounds, 9.0029.40; 130 to 160 pounds, 8.65a9. acking sows, 7.50a8.70; pif to choice, 90 to 130 pounds, 8. Cattle—Receipts, 7,000 head; calves, receipts, 2,000; steer market more active and fully steady; spots higher than late yesterday, when killers cleaned up at new low prices; heavies scarce; she stock dull, weak; practical top yearlings, 14.85; slaughter ~ classes, _steers, and choice, 13.00 to 1500 pounds, 12.00a | 15.50; 1,100 to 1,300 pounds, 12.50a15." 950 to 1,100 pounds, 12.75a16.00; com- jum, 850 pounds up, 8.50a 13.00; fed yearlings, good and choice, 1750 to 950 pounds, 13.50a16.00; heifers, good and choice, 850 pounds down, 13.50 25; common and mediu a ; cows, good and choice, 7.75a10.25; | 6.: low | a7.75; cutter and cutter, 4.75a6.25; bulls, good and choice (beef), 8.75a10.25; cutter to | ‘medium, 7.00a8.85. Vealers (milk fed), good.and choice, 11.50a14.75; medium, 11.00a11.50; cull and common, 7.00a11.00. Stocker and feeder steers, good and choice, all ‘weights, 10.00a11.50; common and me- dium, 7.50a10.00. Sheep—Receipts, 12,000 head. Mar- ket opening slow around steady; bulk native, 12.25a12.50; early top to out- siders, 12.75; fat ewes steady, mostly 5.00a5.50; feeding lambs _quotable steady. Lambs, good pounds down, 12.00a12.75; 10.75a12.00; cull and common, 10.75. Ewes, medium to choice, pounds down, 4.25a5.50; cull and com- mon, 2.25a4.50. Feeder lambs, good and chol 2.00a13.00 BUILDING CONTRACTS. NEW YORK, October 31 (#).—The volume of building contracts awarded in the 37 States east of the Rocky Mountains for the week ending October 25, as reported to F. W. Dodge Corpora- tlon, amounted to $88,127.500, an in- crease of $5,000,000 over the preceding week. The largest single project in- cluded in the week’s total was a $2,500,~ 000 airport development in Houston. TRAFFC PROBLEMS SOLVED IN CHICAGO Official Reports 20 Per Cent In- crease in Auto Travel in Downtown District. Chicago has its traffic problems; that is, conquered if statistics mean 9% | anything. Leslie J. Sorenson, city traf- fic englneer. discussing the results of the Chicago Association of Commerce recommendations made three years ago, announces that with 20 per cent more automobiles in use in the city’'s down- town district than there were in 1926, accidents have been radically reduced, traffic has been speeded up almost 200 per cent and the old cry that the “Loop” had reached the saturation point in capacity has been ended. Mr. Sorenson, says Chicago Facts, attributes the improvement to the suc- cess of the three major traffic reforms insisted upon by the Association of Commerce three years ago—the “no- rking” ordinance, the elimination of ieft-hand turns and the installation of l‘l gc’:‘ogxprehennvz system of stop and go Mr. Sorenson backs up his statement with a table showing the comparative traffic volumes of the Loop from 1926 to the Fruenz year. The figures show that with the exception of horse-drawn vehicles all classes of street users have shown big increases. “In 1925 when industrial and civic leaders began to fear that the Loop saturation point was at hand,” accord- ing to Mr. Sorenson, “Chicago’s Loop intersections were cluttered with a seemingly inextricable mass of autos, horse-drawn_vehicles, street cars and trucks interspersed with crowds of scurrying pedestrians. The general speed of all traffic was about four or five miles an hour. “Solid lanes of parked autos lined the curbs, with many trucks and horse- drawn vehicles standing in a second line to make merchandise deliveries and pick-ups. Cruising autos seeking parking spaces moved at snmail pace through the district and left-hand turn movements brought traffic to a stand- still at the intersections. It was then that the Association of Commerce began the preparation of its plans for the comprehensive traffic solution that was to follow. “The first major traffic reform was instituted as a police order; left-hand turns were prohibited inside the ele~ vated boundaries of the Loop. “The following year witnessed the installation of the Toop traffic signals, the second major traffic reform. Results 1exceeded expectations. Traffic was speeded ug to _reach 8 or 10 miles an hour through the entire district.” e CROWN CORK & SEAL. BALTIMORE, October 31 (Special). —The Crown Cork and Seal Co. l:!wrtl net profiits from operations after depre- ciation, amortization of patents, etc., but before Federal taxes, for the first nine months of 1929 amounting to $1,- 241,692.58, against $1,054,202.96 for the corresponding period a year ago. Net sales of the company for the first nine months totaled $9,118,321.71, an increase of $342,187.71 over the same period last year. POTATO MARKET. CHICAGO, October 31 () United States Department of Agriculture).— Potatoes—Receipts, 101 cars; on track, 525 cars; total United States shipments, 647 cars; trading rather slow; market weak; Wisconsin sacked round 225 to 2.50; Minnesota-North Dakota sacked round whites, 2.00-to 2.25; sacked Red River Ohios, 2.15 to 2.40; South Dakota sacked round whites, 2.00 to 2.25; early Ohios, 2.20 to 2.40; Idaho sacked russets, 2.80 to 3.10. Fad Gastonia Rector Dies. GASTONIA, N. C., October 29 (#).— The Rev. J. Cantey Johnson, 58, rector :fiedst. BM‘;:; Episcopal C'hurch here, un morning fol [y heart attack. He rormerly“mn‘mld pastorates at Lake Charles, La.; Birm- ingham, Ala, and Roanoke, Va. He was a native of Charleston, S. C. REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD Advantages incident te direct ‘representat tion 1520 K St. NNW. National 0475 A New Booklet for holders of Preferred ‘Stocks We will glodly send you a copy to show how simple it is to ensure future safety and value enhancement of your capital. Fill out the coupon and post it to us. Booklet Z.57 will reach you by return mail. Name. Address { } DETWILER&Co. Eogawring-Managmens of Pebli Urilivias 812 Investment Building ‘Washington, D. C. Phiadelphia i timore R R s e New York NewHaven Hartford Albany Buffalo A n Interest Compounded Twice a Year Money talke, but speaks briefly. To many it merely bids good-by, to some it says “I've come to stay.” Systematic saving throufh this Association month by month not only ays the foundation " long-term bonds and short-term notes. Situation Topheavy. The market situation had become topheavy healthy buy more bonds tend toward a better balance, though it is doubtful if it will ever 80 8o far in tipping the scales in favor of fixed interest and dividend obligations as in the period prior to 1925. 2%| CHICAGO DAIRY MARKET. 624 | CHICAGO, October 31 (#)—Butter 23% | firmer; receipts, 5883 tubs; creamery extras, 41;\standards, 40; extra firsts, 391, to 40; ‘firsts, 37 to 38; seconds, 36 to 36%. Eggs steady; receipts, 3,680 Underwriters - Distributors INVESTMENT SECURITIES for a successful career, but it develops charac- ter and contentment; it places you in position to be a home owner and a person who com- mands the respect and admiration of your neighbors. One Dollar or more will start your account. COLUMBIA BUILDING ASSOCIATION 716 11th St. N.W. UNDER GOVERNMENT SUPERVISION 26 Gerrard (8 A) Co.... 89% Glean Com Har (4).. 80 Glen Alden Coal (10) ‘Eating in Sweden Is no light matter. | 35 . — 148% CANADIAN CLAIMS HE WAS| 2 *x Gt Soin 220 YOUNGESTJN WORLD WAR 149% 128% Swift & Co (8)...... 26 12% Syrac Wash M B 11). 27 Taggart Corp....... 45 Tampa Electric (32). T Texon Ojl & Lan 19% Thermoid Co (2).... 71 Thermold cum pf(7) 27 Third Nat Inv (1)... 27 Thomp Prod A (12). 86% Thomp Star pf (334) 128% 128% 13, 80 2% Z 12 4 Golden Center. 7 121% 81% GoldnrSach TC (b6). 177 , 19% 1% Goth Knitbac Mach.. 68% 32 Graymur o 494 260 GrA&PTnv (5) i17% 114 Gr A &P Teapf (7). 231 12 Grand Rap Var (1).. 106 61% Gt LakesSteel pt pf.. 25% 12 Greenfleld Tap&Die. 17% 10% Groe Stors Prod vte. 96% 55 Guard F Assn (2). 18 4 Guardian Invest,... 209 121% Gulf Oflof Pa (1%). 26% 10 Hall Lamp (12)... 35% 16% Hall Printing(t1%). Wasuningron Orrics 737 15th Street N. W, Telephone, National 1053 g Bl WINNIPEG (Special). — Herbert Schooley of Waskado, Manitoba, claims that he was Canada’s youngest soldier in the World War. He joined the 176th Battalion at Port Colborne, Ontario, in ‘March, 1916, when he was only 13 years old. He was born June 6, 1902. After training in Canada he was transferred to Eagland in 1917 to_the K 12th Reserve. He z:nts::‘:heb::d ;):1!;’- T 50 s sy, e S0 ance mber, - 3 : i Pt ook p?rt in the fighting at Pass-| 5% 3% H'd Pagep pf (196).. 560 150 Tub ArtSilk B (10 90 e s chendaele: November 6 and 7. He 5% 1% Hap C A (bl. o g-Sol Lamp rrent led three times. 36% Haygart nary firsts, 36 to 38; refrigerator extras, i d 82% 41% 24 Ulen&Co..ovee SAZI“ 28% 22 22. 38% to 39; refrigerator firsts, 37 to 38 s - I r T T - 12% oS30 50 Tri-Cont Allled..... 16% Tri-Continental Cor. 82 Tri-Cont Corp pf (6) 6 Triplez Sa; Glags 45 Tri Utilit) 15 Trunz Pork Store 2 Marn Orrics - Barriuons o .2 26 25 1508 200 200 1.2 25 e . Burtn ERemmwen