Evening Star Newspaper, November 18, 1929, Page 15

. , FINANCIAT CURB PRICES EASE AFTER EARLY GAIN Advance of Last Week Invites Profit-Taking—Utili- ties Firm. BY JOMN A.CRONE, Special Dispatch o The Star, i NEW YORK, November 18.-Opening higher. perhaps reflecting the advance | that characterized the final few minutes | of Priday's session or the strength of the London market, curb prices today | eased off at the end of the first hour. | The bulges invited profit-taking. which lowered quotations fractionally and | brought on a slight increase in trading. | International stocks led the initial | advance. Roan Antelope was up 7 and | Iater increased its gain by that amount | before bowing to ations. This was also true of Brazilian tractions. Ford Motor of France and ather securities that are active in sev- eral markets. Some of the widely held utilities and oils, such as Electric Bond & Share and Cities Service, opened unchanged on ! sizeable transactions. Standard Oils slightly improved. Motors were more or less unchanged, but aviation shares | were irregular. Investment’ trusts ral- lied and trading companles, in some in- stances. recovered. Utility operating companies generally displaved a firmer tone than either the holding or financing concerns. _Tnvesi- ment trusts when compared with traa- ing companies also showed A greater improvement. In both instances, how- ever, the comparative stréngth of the former groups tended to buoy up the Intter divisions. Flectric Bond & Share on a 10,000~ share lot opened at 68'; By the end | of the first hour it had fouched 65',. American Superpower on a_4,000-share | deal opened at 22'. up 7a, but fell | to 21%s in the frst hour. Niagara | Hudson Power on 15000 shares opened | at 14),. unchanged, and held firm in early trading. | Cities Service opened on & transac- | tion of 9.100 shares al 30 unchanged. Tt tonched 293, by the end of the first half hour. Indian Territory Dluminating Oll. a subsidiary of Cities Service. opened at 20, up Ta. Clearing House Statement. NEW YORK, November 18.—Cjearing | house statement as reported by Dow, | Jones & Co.—Exchanges, $779.000,000: balances, $222,000,000. | { CHICAGO STOCK MARKET. 1 Boecial Dispateh to The Star. | CHICAGO, November 18.—Following is a report of foday's sales, high, low and closing quotations, on the Uhicago | Stock Exchange: STOCKS. oreds $'Aonott Lab . 3 Acme Steel 4 4 Aaaressugr _Inc Gorp 1 Alnswort Mig Coiv 4 Allied_ Prod A....... 4am Com P A 2 Alnerican Equiiies . 4Am Pup Ser pia 3 Am Raalo & ieiev 11 Arc_Mewl v Assoc ADDA 2'Ass06 v OO, 15 Assoc el Uui. 1'Atias tores xd. & Auourn _Auto . 3§ Hanco Kentueky i paster Laun A 1 Beatrice Cr .. 88 Benaix Aviation 2 Binks MIE .. &) bork WArDer 1 Borg Warner pio 12 Brach & Bons . 1 Brignt star El 8 4 Brown Fn & W G0 4 Brown ¥n & W Co 8 12 Bruce (EL) st 13 Bunte Bros Burnoam -1 27 Butier Bros 12 Camp W & %2 Canal Constr ¥ i Castie A M. X 12 Ce Co ' MIx s Cent” Il_sec & Cent P 8 27 Cent High. Low. Close. | E G Fuary “h Chi G .Vc:m 1 Cnicago L4 1Chi City & C R PC 217 Chicago Corp pfd 18 Cht Investors . 11 Chi Investors pfd.. 1Chi Yellow Cab. 152 Citles Seryice . 1 €t Aluminum 3 Gommonweaith 1 Comm Tel vt pid 1 Construct Mat Corp. 3 Constru Mat_Oor pfd 3 Consumers Co ..... 21 Cont Chi Corp etfs. 29 Cord Corp 14 Corp Sec ciis 2 Curtis Ligning 1 Dexter Co ... 1; Edi Paper $Erla .. : 7 Poote Gear . 21 Gleaner Com Harv 9 Gt Lakes Alrcraf L Drdge. Hou 4 Inland U1 A. #1 Tnsull Util Tov Katz Drug ... 7 Kellogg Swilch 4 Kendall Radio Tube # Lane Drug pfd 36 Libby McNeill 2 Lincoln Printing 1Lincoln Prig pfd 1 Lindsay Light .. Rer Go.. 1L'd Nunn cv fé 11 Manh-Dearborn st Otil 871 MId West Uil 5 2 Mid! United . Miss Kan_Pipe Tine. 11 Mohawk Rubber ‘. 2 Monree Chemical 2 Morgan Litho 1 Muncie Gesr B. ; Muskegon Mot ‘Al.. § Nachman Spring . © t Standard ... t Term pt pid Faagzazza 33 rthw Engineering. orthw Bk C ris Oll-O-Matic ~... 1> Ontario Mfg 5 Oshkosh Overalls ' 2 Oshkosh Over pfd. iPac Public Serv 2 Pen Gas & El Co ' Berfect Circle Pines Wintertr 1] Polymet Mfx . Corp . S *, Pub Serv $100 com.. 3 Pub Serv “no par. '2 Quaker Oats ¥ 's Quaker Oats pid 193 R 8 Music De Viv 19 Reilrosd Shart i Rath Pkg % 1Rolling H v pfd 3 Ross Gear . +; Ryerson J T Son 1ne % Sangamo Elec 18angamo Elec ofd o4 Seavoara Ut . 2 8outhw L & L ofd.. 13 Siand Drede Co. n 3 Stand Dreds Co ‘ofd 27 23 Steinite C Radio... 9 38tone (H O). 12 Stone (H_O) ‘Bid 13 Sutherland pfd..... 48wift & Co...... 8 8witt Int) 3 Thompson J 1 Time-0-8tat ¥ ymit Corp pid. & fimted Gas Co . 19 Un_Reproducers . 13U 8 Gypsum. .. 10n 8ta Lines [ 1108 Radio & Tel 30 Uten Redtc Prod. ... 36 Ul & Ind Corp 401l & Tnd Corp ofd 10 P Lnv. 13 Viking Pump fd Yortex Mfg A.. Twanl . 2 Wayne Pump ‘pfd_ .. 4 wextark Radio Strs 20 Zenith. Radio < Total sales, 278.000 shares #Ie "‘fl BONDS, . 4 Y2 972 91la 10 Brown P % 1 mw Bl 1:t 81 43 1003 100% 1008 e Ry Mot 16h KoatInd"os 38omy Ed st 3x ‘51 093 993 9934 3 ww 0 7 Unit G 6s t e rofit-taking opera- | 1 | 190 3 e | 1888 il 210 | 102 Stock and Dividend Aat 23 & Acetol Prod A. . 31% 7 Aeronautical Indust 481: 143 Aero Underwriters.. 224 H% Aero Sup Mfg. B. 48y 15 Agfa Ansco. 90% 653 Agfa Anscopf.... .. 7% 17 Ainsworth Mfg 32%. 6414 40 Airstocks. Inevte.. 40% 1% Afrinv, Incev pr. 161 110 Alabama Gt Sou 7. 28 2 Alexander Indust... 15 » Allegheny Ga 247 10% Allied Mills, Inc.. .. 23 Allied Pow & Lt 5395 146 Aluminum Co of Am. 280 991 Aluminum Co,. I.td. . 41 20 Alumin Goods (1.20) 471 81 AmArchCo (3)..... 15% 7 Am Beverage Corp.. 28 Am Br R £ fd shs 1534 98 Am CigarCo (8).... 2914 Am Cit PAL A (23) .. 10 AmCP&L B (b10%) 16 Am Colortype(:3) 1R Am Com P A (130c). 22 Am Com P R (30c ' AmControlOjIF1ds. . 19% Am Cyanam B (1.60) 71 Am Gas&Flec (:1).. 9% Am Gas&Elee nf (6). 312 Am Dept Stores.. . 1071 AmDistT.N.J ev pf 7. 15 Am Equith s Am For Power war. . Am Tnvest Inc B.... Am Investors (war). Am Lanndry Ma(z4) Am Lt & Trae (10) caibo 5'% Am Natural Ga: Amrad Corp (1) Am Sol Ch ev pf (3). Am Superpower. .. .. Am Super 1st pf (8). Anchor Post R (12) . Am v eod 3 Anglo-A n v end 350, Anglo Chil Nitrate. . 1015 Apex Blectdeal Mfg. 15% Arcturus Rad Tuha. . 09 Ariz Globs Cop) 11 Argo Ol He 3%, Arkansas Nat Gas... 2 Arkan: at Gas A, Ark NG em pf (60c) Asso-Dyeing & Ptz.. Asso-Elec Tnd Ltd. . 2Bl ASSO GEE A (12.40), 215 Asg0 G&F A deb rts. Assa Taundries. ..., =0 Rayon. Asso Ravon pf (6)... Af] Const Fish(1.20). Atlas Plvwood (4).. T Auto Voting Mach. .. 16% Aut V Mev prpt (2). 201, Aviation Corp of Am 1% RahiaCorp......... 46% Bancomit Corp new. . 144 Bell Tel of Can (8).. 24 5 Rellanca Afrcraft... R4 30 Blaw-Knox Cn (1)... 5T 10 RlissCo(EW) (1).. 29% 8% Rlua Ridge Corp. A5'% 23% Blue R Corpev pf 3, R4 644 Bohack (HC) (27;). R17% 134 Brazil Tr& Lt (2)... 512 M. Bridgenort Machine. 27% 14 Brillo Mfe (1.20).... 10% 4 BrCelanese Ltd rets AN Ruck: Pipe L, (v5) 268 Buf N&E P pf (1.60) 17% 71 Rureo, Ine. .. 5 4 28 Rurco. Inceonvonf... A A% Rurma rets (31'5¢). L] 4'x Bwana M Kubwa . 19% 4 Cable RT vie....... 4 3 Cab&WireLtdA reix. 5% 11 Cab&WireLtdB rets. 5% 32 Cab&WireLtdpf rets 178 AMCoectfs. S 45 A M Cocum p 129 Can Marcon!. 4 ib Syndicate. 52 rnat Milk P (1%4) . 21% Carnegie Metals. . 88 Caterpillar Trae (3). BT§ 20 lanese Corp. ... 22 80 Celan Cor Iat pf (7 19% 61 Cent Atlantic States. 571 20 Cent PSYA (a1.75). 12 Cen States El (240c). 90 70 CenStEIDfxw (6).. 18 a4 Centrifug Pipe (60c) 15 6 Chain Stores Dev. 4212 111 Chain Stors Stk(b6). 42 2% Charis Corp (13).... 130 Cheseborough (16). . 37% Ches & Ohio (new).. 20 B4 Cities Serv pf (6). .. 40 City Sav Bank(4 . 10 Clev Tractor..... 3% Club Alum Uten. ... 40 Colgate Palm P (2).. 4 Colon Oil. 126 3 ~Prev.1929 High. Low 70 190 8% 18% 1"s 424 T 9515 2 500 a8 69 A% 681y a8, 563 687 101 Comwl . 141 CommuntiyWatServ 20% Con Gasx Ut A (2.20). 4 Consolidated Copper 71 Con Gas Balt (2) 12); Con Dairy Prod ( Conx Instrument 10 Cons Laundries. 214 Consol Royal (§0c). . 15 Coon(WB)Co(2.86). 514 Copeland Prod 14 opper Range ( 10 Cor3Corp........ 69 Cor & Rey nf A (8) 5% Creole Petroleum . A Cresson Cons (.08).. 17% Crocker Wheeler(n) 40 3% Curtiss Afrports vic, 28, tiss Wright war. 21, Cusi Mex Mining. 615 Darby Pat (1). 4" Dayion Air & Eng 5% De Forest Radio 4% DH A Ltd rct n(50c) 2 Derby Oil & Refin... 51 Detroit Aircraft Cor. 14% Doshler Die Casting. & Dolores Ksperanza . . 17 Douglax Alrcraft A0 Daw Chemical ¢2) 62 Draper Corp (4) 4 Dubelier Cond&Rad. Riw Durant Moters. Jar) Radio Corp ANt Gas & F Asso. . isier Elec Corp. ... | Hond & Sh (b6) 1 Bond & Sh of (6). Kl Pow Associates. . | Pow Associates A G&F cum pf ( 25% Empire Pow ot (2).. 14% Em.p Pub S.A(1.80). 23 Employ Refnsur 1% . 14 Kngineers Gold. 13% kng P S opt war 481 K Sl B 6% 1% Kageol Motor. 34 3 Wairchild Aviation. 54 10 Falcon Lead.. 10 * Fandange Corp. 771 30 Fed Screw (3% 50 9 Fedders Mfx A ( 1704 Fiat Stk deb rt 29% 201« Fint Stk deb ris rets a0 4% Finaninv N Y (b8). 41% 30 Firestone T&R new 1% .20 First Nat Copper 100 Floridu P&LTof (7). 674 R Kokker Aatreraft... 38% 9 Foltis Fischer Corp. 691 15 Ford Motor Can A.. 72 30 Kord Motor Can B. 1313 3 KFord Mot of Krance 10% Ford Motor Lid. . 15 Formost D P of 1.6 3% Woundation For 8h. 20 Fourth Nat Inv. 10 FoxTheatClA.... 2Y Franklin Mfg 2)... 1% Kreed-Kiseman Red. A7 Gen Am Investnew. 70 Gen Am Inv of n (6) 214 General Baking. . 47% General Bak pf (6) 71, Gen K Ltd rcts (50c) 20% Gen Kmpire Corp 30 Gan Fireproof (2 13% Gen Gas & Fl (A) 10 Gen Indus Alcono! 10t Gen Lau Mch (1.60). 10t Gen Rity & Utilities. 60 Gen R& Util of (6). 24 Gaen Theat Eaulp vie 80 Gien Alden Coal (10) 19 GleanCHnwi.(1)., 12V Globe Underwriters. Goldberg Stores. . 2% 14 Geld Coin. . 27% & Gold Seal Ein. 12 2l Golden Center. 28 23% 3 th Chi& NW bond rts.. 112 Cities Servics (130¢) 31 | COMPL ETE T Add 00, Oven. High. BT Ty JOp SO PR P PR 9 a £ 2Boe—Twe » = CanmnmuaRuS R an AN~ DN~ Py BB R DI A Comwith & Sou war. 4483, 21014 Comwih umb'Ind Plpe 1.(4). & 1 ~-Prev. 1920 Stock ana Low Close. | High. Low Dividend Rate. v .16 Goldfield Consol. ... % % At | 121% 321 Goldm Saeh TC (h6). 4 37 | 51% 25 Gorham Incpf (3).. 91| 19% 114 Goth Knitbae Mach 2015| #8% 23 Graymur Corp. 7L | 494 162 GrA&PTnv(5).. 204 [ 117% 114 GrA&PTeavf (7. 1 s 50 Gt LakesSteel ptof.. 6 I % 10 Groe Stors Prod vie. ns 20 Ground Grip pf (3).. 3 35 Guardn Fire Asan(2) 4 Guardian Invest. ... 115 Guif Oilof Pa (133). 1 10 Hall Lamp (12) 16% Hall Printing (t1%). 63 Hambleton Corp cfs. 1% Happiness Cand 277 Havgart Corp, 10 Hecla Mining (1)... i Hollinger Gold (60c) ' Homaokla Ofi....... 6% Horn (A.C Horn(A.CO1stpf 3%, Horn & Hard pf (7). Hudson Bay M & S. . T4's Humble O/l (¥2). ... 27 Hvdro Rl Serv (12) 10 Hyzrade Food Prod. 260 Minoix P L. (20), &% Tmp Chem (Ind... .. 22 Imp O1l Cann (60e). 615 ImpTob GB&1(1.25) . 26 Ind Pipe Line (new), 5 Indian Terr Illum 1848 Ind Fin efts (b10% 26 Insull Uil Tav.. . 70 Insull Utlin 24 pf & 52 InsCoN A (12%) 17 insurance See (1.40) 12 tusuranshar of Del.. R Intercoast T'rad Co. . % Intercontinent Pet.n 'y Int. Hold. & Inv. Co.. 813 Intern Perfume (1). 15 Int Petroleum 37%¢. » Int Superpower (71). Internat! 't R, .. ... 12% Interstate Equitie: 40% Interst. Eq. ev-pf.(3) 10 Inter Hos M (1.80).. 14% frvAirC(2) (1 1 Jron CapCopper. .. 68 Italian Superpow A.. 28 Jonas & Nanmburg.. 150 Jones &1 1115 Kermath Mfg (1) 11 Kirby Patroleum. 12 Kireeh Co ey pf1 80, 28 Knoti Corp (2.40) 1's Kolster-Rr (Am Sh). 30 Lackawanna Sec(4). R Takey & M ((7.40) 170 Lazar F & R Co cod 1 % 90 Leh Coal & Nav (4). 981 3 %3 Lehman (The) Corp. g 2 Leonard Oil. ? 2 40 Lerner Stores Corp 48% 1115 Libby MeNeil & L, 145 121 Lilv Tulip Cup Corp. Kl 1R Lion Oil Refin (2). 31 8% Toews Inc deb ris 21% 28 LoneStGas (80c). 1 40 Tong Island Lt (40¢) 103 lLong Isld Lt of(7) " 3 Louisiana l.an & Bx. Mac Marr Stores. Magzdalena Syndicat. Con (i%33) Marconi Int M 5215 28 Mar Midland Corp. 10 Marion Steam Shov. 1% Mavis Bottling. 47 NMavflower Assn 15 McCord Rad B (2). 40 Mead .John (+37;) 91 Memph Nat Gas Co. 10 Mer& MES A (1.50). 15% Mer Chap & S (1.60). 1'% Mesabl Iron. ...... 5 Met & Min Ine (1.2 327 Met Chain Stores. 18 Mid Wext Util(new). 15 Mid Rovalty cvpf3. 46 Midld Stl Prod 16.92. 39% Midvale Co (3). 2715 Miller & Sons (2). R Mo-KanP L (b5%) 50 Mohswk Min (6). 1% Montecatini deb rts 50 Moore Drop Frg A. 40 Morrison Elee (1). 1% Moun & Gulf (.08). 7 Mount Prod (1.60). 12 5tk Municipal Service 120 %7t Murphy Cof(1.20)... = 25 Nachman Spring (3) 374 137 2 Nat Amer Co (2). L% 6% Nat Aviation o 5 Nat Fam Strs oy ! 4 Nat FaPrB (b4 5% 24 Nat Kuel Gas (1 L 0% Nat Inventors (new) g 0% AT 2 NatlLesther... b 15 Nat Rub Mae K- 61 Nutl Trade Journal.. e a 30t Nat Transit (i134). 4% 2 ki Nat Union Radio. 220 28 48 Nevada Cal Elec. ... A, 139 2% New Brad Oil (50c) S L 85 New Eng PSprl(7). 24% 85 New Eng Pow of (6) beli ) 601 New Jer Zinen(i4).. 8 85 89 Newmont Min (14).. 17'% 18% 53 93 Nawport Co (new).. Rl 3 1 New Quincy M (10¢) 10 0% N Y Auction (13%) & N'Y & Hon Ros 24n | 56N N Y Invest (1.20). .. : N Y Invest (war). : 11 N Y Telpf (82%). ... 128 12 Niagara Hud P(40c) 23 Niag Hud Pw A war. 2 2 Niag Hud Pw B war. 1 Niagara Shars b1-40. 21'% Niles Bement Pond R Noma kI Cor (1.60). 10 Noranda Mines & North Am Aviation.. 6> N h Cen Tex (60¢) 115% North St Pow A (8). 17% N W Enginaer (2). 20 Novadel Agene (2) 69 Ohlo Brass B (5). 14 Ohfo Copper. 641x Ohio Ol (2% . 81a Ofistocks Lid A 160c 4 Outboard Motor (B). 2% Pac GEE) 15t of 1% 12! PPae Western Oil. 's Pandem O1). 2% Paniepee Ol 3% Param C Mfg (2.40). 125 Parmelea'C'ran (1'%5) 20 Param-¥-T.in)w. i. 106 Penn Pr&Ltpt (6) 9% Penn O pr pf 8% Penn W & 12 (233). b4l 45 Peop Drug Strs (1), orL Peo [ &P A (22.40). 25" | 1512 Pennroad Corp. 4 perryman Electric 17 Perrolm Corp (1%) 4 Philip Morris Inc. 10 Pick(A)B&Co pf 1 10 Pierce Govern (1% 6% Pllot R'C A (1.20). 814 Pitney B P n(20c). 10144 Pitts& L E (5). 60% Powdrell & Al (3%). 60 Pratt& Lambert(4). 1% Premier Gold (24c). 6% Prince & Whitely. ... 29 Prince&Whitely p 5% Prudential Juv. ..... 98 PugSP&Lrpf (6). 614 Pyrens Mfx (30c). 30 QR SdeVry (30c).. 8% Rainbow Lum ProdB 11 ReAd Warrior........ 21 Reeves (D) (1.20) . 1 Reiter-Foster (10¢) . 14% Reliable Stoes b1 1 1 12 Reliance Manage 102100 102 .65 Repetti Candy 4 20 2 4 Reynolds Bros Inc. . 10% 11 18% Reynolds Met (new) 24 24% 12 Richfield OfICalif pf . 31% 215 Richmend Radiaror. ] 22% Roan Antelope Min.. 1% 18 Rockland L & P. 19 9% Rolls-Roy Lid re BYa 5 Rooseveit Fleld.Inc. 2% 297% 2 Rosx Stores, Inc. . 13% 46 Ruberold Co (4).. 23 17 Russek’s Fifth Ave.. s 1444 St Regin Paar. ... 11% 97 St Regis Paper pf(7) 2 Salt Creek Con (40c) Salr Creek Prod (2). Schiff (The) Co (2), 234 Schlet & Zanpf 3% .. Schulte Un 6e-$1 St. Tock & H (b0e). Selected Industries. . 50% Sel Ind allot efs 5% 497 Select Ind pr (6%). . 31 Sentry Safety Cont. . 48 Sheaffer Pen (18)... 3 Shatiuck Den Min. .. M1 112 6% Shndoah Corp(b6%) 20% 20% 1433 Shenan Corp of (3).. 15 1 15 . Sierra Pac Blec ( 6% 6l 6% Silica Gel ot...ovrs wo %W Singer Mfg (72214). oW % % Singer Mt Lrd (30¢). % 4 4 Sisto Fin Corp...... Bates ) Co. 408, Sa 218 1000 T 2% 40 168 167 20 15% 328 s 1028, an ® 2Rt M s 145 % 10 - D - B L -t PP TUI S = PR PRS- PR a Ble SBummaenann B~ anon 8=3 20 914 1R 168 6% 6 S ae= 5 BT~ B N R NG R SRR TR B AN A R AR NS RNV~ BANC AN RO RSB WD 1 1% 857 9% E 21% 5 325 Y 2 PO T I A - e E R LT 12 16% 124 8 30 12 20 120 Thla T8 29% 80 91y 89% 16% - 4 20 20 Add 00. Open. Righ. Low Close. 218 100 68% 5 40 168, 20 12 31 44n 1035 an, 26 & 38 9 L) 145 ity 49 59 #tock and Saien Dividend Rate. Solar Refining(2%). Sonora Products So Am Gold & Plat South Penn Oil (2).. SEP&L (D) ... SEP&LDIT). .. SoCal Ed pf B(21). So Cal Fd pf C (1%). Southern Corp. So Pipe Line (1). Southland Roy (1) W Gas UtiL. Southw Penn PL.(1) S W Bell Telpf (7)., Spanish & Gen Reg.. Spie-May-8 pf (615) Stan Gas & Bl pf (7) Standard Motors Srand Ofl of fnd 123 Stand Ofl. Kan +2'¢ StOfl of Ky (1.60) Stand O of Neb #1335 S1.011 of Ohio (2%). Stand Pow & Lit.... Std Silver Lead. Srarrett Corp. .. Strombg-Car 11.12 Stutz Motor Car. Sundnv. ... .. Sun inv pf (3). Sunray Oil Superheater ¢ Swift Inul (2) Swift & Co (8). ~Pravian Hizh. low. 50 a 19 1% a1 60 54 138 50 110% 100 Ten KL P 1st pf (7). Thermoid Co (2) “Third Nat Inv (1) Thomp Prod A (12 Thomn Star of (3 Tish Realty & Con... Todd Shipyard (4).. Transamer n (£1.60). Trans Atr T Trelax 1. v ont Altied. .. .. ont Corp f (8) ntinental Cor, Tung-Sol Lamp (2). Un NG Can (11.60).. Union Tobacco. . United Ch pt pf (2).. United Corp war. ... 6115 STOCK PRICE INDEX SHOWS RECOVERY Copper, Motor and Food Groups Appear Strongest on Upturn. NEW HAVEN. Conn.. November 18. Stock market pessimism was lifted dur- | Ing_the Jast two sessions of the Stock ; | Pxchange Jast week, during which con- sistent. gains were made and held ex- cept. for the slight declines from the close on Fri- day, which, how- ever, mav be re- garded as little more than “even- ing_up” for the week_end. A heavy barrage of good news was laid down _on Thursday to halt the further inv sions of the bear Jeving il announcements of an income fax cut. a Reserve bank rediscount rate cut, an investigation of short operations, a low- ing of bill rates, a reduction in brokers' loans and b}’ buying orders under the market. Offerings of stocks | receded to a volume which the buying | absorbed very well. The gains on Thursday and Friday Alid 00. Open. Hizh the | day's highs toward | forces. There were RANSACTIONS ON THE NEW YORK CURB MARKET o 1928 Low Bl 15 Tni nite & Unit K1 Ser pur war. 15 United 20 UnitL 85% Utd Lt 5 Unired 1% 1 UnitRy 8% 14 20 14 = 1 S Ra S Ra | Shares Bin United tinit Verde Bxt (4).. 17nired Stock and Dividend Rate. Unit Prof Sh (1.20). FINANC] Salen Ada 00. Dry Docks. 12 Elec Ser. A GasCo...... &P A (60c).. & Po pf (6).. Milk Prod eproducers B. (). .. ve psum (1.60).. Sctf (235). diator detfs Stores. AL, Retailers More Optimistic Over Prospects for Good Christmas Trade. RY ). €. ROYLE, Special Dispatch to The Star. NEW YORK, November 18.--Mer« chants primarily interested in the | Christmas trade are feeling better as Wall Paper. Unity Gold. . ....... Utab Apex (50¢).... Uti) Power&Lt(21). Uility UtP& Utility Vacuum Oil (1475) .. Vam Camp Packing. Van Camp P pf(13). Venezn Vozt N Viek B Walgrs Walgreen Co war... 3 3 Walker (H) (1).. 3 y 1% Walker Mining 2 Watson (J W) % Wayne Pump + Wende &lnd....... 1, Betfs (£1). Equities 941 | 1% 12% rela Pef (2901, 3 2 20 15 Co (2). 18 n Corp. . en Co 61 31 A 1% 10 n Copper. ... [ Wast Air Exp (A0c) 243 250 Wes Auto Sup A Western Md pf (7). 25 A Western Pow pf (7). 5 R 9% 85 Willlams R C (1.40). 161 Wil-Low Cafeterfa. . B R Winter (Beni)...... 3 T Woodley Petroleum. . Inc A. .. Worth, Dividend rates annual payment 22 “Ex-dividend. + S ON THE MARKET. CURR Sales DOMESTIC RONDS. in thousands. 28 Abbott Dairies 65 '42 B3Am G&E 55 ‘28 41Am Pw & L 6s 20i6,. « 10 Bell Tel Can 5s A "33 & Bell Tel Can 85 B ‘87 1Can N R'Ea 78 E ‘33 4 Carolina _P&L 83 ‘36 8 Cent St 1 51u8 '54.. 0 Chi NW_Ry 4303 149 3 Citles Berv 85 '66. . 8Cit Ser G Pive 6 '43 20 Cities Ser Pw 53 '52 87 7Cons G Ba 5%3s E '52 108 10 Con Gas & E 83 A 19 Dix G G 8125 A'37 ww 8 Federal Wa 5'as ‘54 2 Pirest: 28 Gatin, 1 3 L 1 leaders. who have 9 Indep o1l 7 7 Indnapls P 1Int Na G 110t Pow 53 '57 2 8 11a-Neb L&P 55 ' 2 | 13 Kop Gas & C 55 ‘47 2 933, 3 10013 | 25Lehisn P& 6s A 2026 | Idtons 1l Lt 6s 45 52 Miss RIv Fu 65 44 ww 100 17 Narraganseit 5s 'S7. 96'% 14Nt P & L 68 A 2026, 102 | 10Neb P 6s A 2022 1018, 2NN Y Pw & Lt 4133 07 91% . 4Ohlo P 41:x D 56.. 93 94 | 2% WO Eln g ww a3 85 5P 3 5 02 fla El 8ius '72. jia El Slas ‘47 Fhila_Rep Tr 6s | 172 Shellrun Oil 82 | 1Shert Wy Coal 6 ‘47 5 Silica Gel 6las 32 ww 9 Snider Pack 8s °37.. 29SEP & L 17 South Cal B4 314 | 41Stand Pw & EI 65 '57 2 38un Oil 5125 '39. 13 Swift_Co 8x '32 6 Tex City Gas | ‘53 837 2 70 100 1 Interstate s s 88% as * 1010 101% 4 were registered on a declining volume | of offerings. How will the market be- | have if again hit with a heavy flow of selling, say seven or eight million shares. | 2s on Wednesday? How much support | | stock or stock from accounts earried on | ‘charity credit” must it absorb before | it stabilizes? How much short cover- | | ing acconnted for the gains on Thurs- day and Friday? These are serious | questions which warrant caution. A| further test of the market ie quite 4 Rumania Inst s 7 Stinnes 7s 36 12 Un 8 W 81,8 A'47 ww as—Actual sales. d—Ex-dividend. Ex-rights “Under rile. When issued. New. ww—With warranis. XW—Without warranis an, 21n 19 1201 4y 38%z | & result of a irend on the part of | eustomers o have articles placed aside i for them to awalf, possible changes in | the stock market situation. This is & normal tendency noticeable usually at Christmas time, the merchants say, and they welcome appearance, since it policy far removed from cancella- tion of orders. They indicate no slack- {ening in the will or desire to buy even | the more expensive goods. This, according to leading New Yorg jewelers, iz plainly visible in their | trade. There is no disposition, they lnv‘ to ‘“pledge the family jewels” to keep the wolf from the door and any one_expecting to pick up diamonds or othér precious sfones at. bargain prices | will be woefully disappointed. Their i Attitude ja holstered by replies from a | questionnaire involving several thou- | sand iewelers in various sections of the jcountry. These replles show that { variation in orders, collections and can- cellations are practicallv normal, Business Near Norma! Preparations for Christmas were made on an unusually large scale this year and in New York, where the effect, of stock market operations might be | expected to show prompt reaction, busi- 52 + | Dess varies only slightly from normal, 5 * in dollars based on iast quarterly or semi- Partly extra. tPlus sxtra in stock. according to the jewelers. Collections all over the country are good and there has been no appreciable falling off in 2: Payable In | prompt stal Ton 13 | carb o seack b Pavable in stock. d Pavente I peatarred siotk | Moty 1o, of instellmentipey= | ments due. In fact, these sustained payments, Instead of being = menace, f {as was feared by many een st | | onmis RY CLINTON COFFU Asrociated Press Pimancial Writer, President Hoover's summons of a na- | tional economic council to concert | months when it. first, became prevalent in the |1adio, automoblle and -jewelry fields, hi helped to stabilize conditions. | There is no indication in any of the | major lines of an inability of purchas- | ere to keep up their pavments or to | sacrifice goods already paid for. Importations of gems in the last 12 | have been heavy and prices hoth measures of continuing Amerijcan busi- | here and abroad have been strong. The S progress promises to furnish a stage for exposition and test of a Jong- matured and immensely broad plan for wealth and consequent employment. | Possibilities in the notion have been a preocoupetion ever since 1921 not only | with the President, but with a repre- % | sentative group of industrial, banking, | Congres. !labor and agricultural organization | financed study enterprise practically without eight years. { To sum up the theory developed pari- Iy by the study resulis and partly by | the long experience of the noted men who have conducted the research, it | {can be said roughly that all of them | agree that business activity during the | | economic history of the United States has tended to swing up and down. rThere has been proven something ap- | proaching a regular cycle of alternating | periods of increasing production and | employment, and decreasing production nd employment, the swings of which n the last 30 years have tended to moderate, in favor of more _stable level, Most of the group conclude that | the reason for the moderation of the | swings between depression and pros- 1perlty is due to betterment of the eco- nomic balance between the great groups qu population engaged in different sec- under way | tions and diverse industries, so that a | gradually increasing buying power on | all sides has had of late, with some ex- ception. maintained equable demand for all_producing elements. Further to anticipate the general line ; | of material with which the conference will be called upon to deal, it can be | sald the President and some of his | most competent associates are con- vinced that the depression sector of the had a privately | | American demand has been such that some of the largest manufacturing Jjewelers are contemplating the estab- lishment of the cutting industry in this country, provided rough stones are s- lowed to come in duty free as has been proposed in the tentative drafts of the teriff bill now under discussion in New Styles in Stones. Herefofore this industry has been cen- intermission for ' tered in Belgium and The Netherlands with a government-controlled br | the industry in South Ame:nc%h?.{ { trend of industry has been emphasized by the popularify of the fancy shaped diamonds, rubles and emeraids. '?;r. stones now are being cut in oblongs, triangles and pentagons, as well untfie round brilliants, These cuts have en- abled jewelers to save in spread and weight of the cut stones, but the work must be done with extraordinary accu- racy in order to avoid loss of balhnoy. Word from London indicates that the trade there is anticipating no lack of American buyers. This is specially true of old English silver, which will be fea- tured in the London auctions this month and December. About 20,000 ounces will come on the market there and the prices for work of the old Eng- l:;h wsu\lnl:a smiths are expected to bring an ounce, in com) 1 $1 an ounce in 1919, sl Manufacturers of silk and rayon ! goods see no indication of a falling off in their lines. They explain, however, that silks and rayons have virtually been lifted from the luxury class by the advance in the standards of American living. The woolen manufacturers, like- wise, are not. particularly anxious, and while the furriers have had some can- cellations of orders for the higher- cycle is brought about by & relatively | priceq's Small amount of economic NNbAIANCINg. | bt Sosir orenures "o’ e They believe that, with the each- ing and comprehending co-operation of modern organized business and Govern- ment, it will be possible by conscious action to throw into usage an employ- ment reserve at the approach or pros- pect of serious business depression that will prevent immediate waning of consuming power on any large scale. possible. Three Strong Groups. Motors, foods and coppers are fhe only groups whose indexes are back 10 the level at which they opened Monday. The per cent of advance showh ny common industrial groups from thefr Jowest closing price of the week is as follows: Motors and stores, 14: cop- pers, 13: foods, 10; accessories, ol and miscellaneous, 8; steels, 7; all in- dustrial, 10. The compact survey of New Yok Stock Exchange movements of common industrial shares is given below in price indexes (1926-100). There are two indexes of market price movement The first (“Shares Outsanding”) rep- resents all commod industrial shares listed on the exchange, the importance of each stock being considered according to the shares in existence, or outsta ing. The second index (“50 Leaders”) shows the price movement of the com- mon industrial stocks most heavily dealt in during the week, this Ilist chang- | ing weekly with the shifts in trading popularity. The “Shares Outsanding” index shows what a substantially representative $100 worth of stocks in 1926 would now amount to if held unchanged sinde that year., The “50 Leaders” index shows the result of reinvesting the $100 every week in the market favorites of that week. g The last_column of fhe table gives the rate of return on the week's 50 leaders at current prices. Shares out standing. Week ended- lcvember 15 November 8. .. November 1. . Year ago. Qctober average S 2 High (‘28-29) ifl)mnv"?v Low (28720). e R 24 web. 30) (May'36) Resistance in Best Group. The investment grade of common in- dustrials showed the best resistance to the decline last week and the best re- covery from the week's low. The index for this grade is down 9 per cent for the week and has recovered 10 per cent trom its low point of the week. ¢ The intermediate grade is down'11 per cent for the week after an 11 per cent recovery from the week's low. The speculative grade is down 13 per cent for the week after advancing 7 per_cent above its low of ths week. (Copyright, 1929, by Trving Fisher.) New Securities By the Associated Press. NEW YORK, November 18.—New security offerings today incluie: State of Louisiana, $5,000.000 5 per cent highway bonds, maturing from 1930 to 1949 and priced to yield from 5 to 4.70 per cent, by a syndicate head- ed by Lehman Bros. { City of New Orleans, $3,000,000 4> per cent general improvement bonds, due, serially, November 1, 1931-1979, and priced to yield from 4.0 to 4.70 per cent, by & syndicate including the First National Bank and Halsey Stuart & Co. Territory of Hawali, $1,945,000 of 43, per cent tax-exempt bonds, priced to yleld from 4.75 to 4.40 per cent, accord- ing to maturities, from 1934 to 19! :.V a syndicate headed by Lehman ros. Corporation News | 'NEW YORK, November 18.—The fol- | of the United States to lowing is today's summary of impor- prepared by . | industrial corporations on plant better- nt corporation news Standard Statistics Co., Inc,, New York for the Associated Press. | Weekly News Review. The securities markets were subjected | in the | the week, prices | to further severe | first_three days of | falling to a level weil below the previous | low points of the current decline. Botn | the volume and the extent of this new break was surprising, in so much as the general feeling had been that the greater part of the necessitous liquida- lllon already had been absorbed. The reactionary movement appeared to | have become equally as excessive as | did the rapid advances earlier in the | year, actual values in neither case being | given much consideration. A sharp | rally, however, took place in the clox- | ing two trading days of the week as the numerous constructive forces of the | Nation, including the Federal adminis- tration and the Federal Reserve sy: tem applied their efforts to halt the decline and to restore the confidence Hquidation of investors in the country's business | and industries. Brokers’ loans for the | week ended November 18 showed a further confraction of $710,000,000, making the total decline $2.632,000.000 | since the October 2 peak. The present ¢ total of somewhat more than four bil- lion is the lowest for any week since June, 1928, 3% | Considering the great increase in cor- | porate capitalization and the numerous | listings since that date, current loans | are relatively lower than they have been | for several years. All three sources of |loans decreased sizeably this time, al- | though Joans for the account of local banks, which had previously borne the | brunt. of the burden when corporations ihl!bened to turn call loans into cash, showed the largest decline. It is ex- ceedingly likely that with low interest | rates prevailing further large reductions | in loans for account of “others” will be | seen, corporations will find it less | profitable to place funds in call market than formerly. ‘The Companies. Dominion Stores in 10 months to | October 31, sales up 8.6 per cent over year ago, Foster Wheeler obtains contract to build two atmoscheric vacuum crude | distillation units for Gulf Of] subsidiary. Jewel Tea four weeks to November 2, sales up 2.6 per cent; 44 weeks, 6 per cent above year ago. Sears. Roebuck & Co. expected to ac- quire De Soto Paint & Varnish. | _Standard Oil of Kansas acquires Tnilsa 0il Co. | Studebaker advances price on all | lines ranging from $50 to $145 per | model. ! _United Business Publishers acquires National Year Book end ter. |, United Founders deciares initial quar- | terly dividend of 1/70 a share of stock on common. PARIS BOURSE PRICES. | _PARIS, November | 18 (#).—The | Bourse upenq!d somewhat heavy today, particularly Suez and Rlo. Otherwise the losses were glight, while Govern- | ment bonds were; higher. The 3 per | eent rentes were af 80.35 and the 5 per cent loan at 105.G4. .The expenditures feasible and contem: plated will be estimated and released. | a thrill out of if the plan works, by the approaching | conference. The President intends to endeavor to rally the basic capital forces inaugurate needed and profitable expenditure of Government. agencies on construction, | ments and_railroads on improvements lon a slightly expanded scale in 1930. Observers most in touch consider the program and the prospect as the mmr! novel, hopeful and gigantic ever at-| | sponsible and competent leadership. CHICAGO, November 18 (#).—Wheat | scored fresh early advances here today influenced by steep upturns in Liverpool | | quotations and by Argentine reports | that black rust was spreading. More- tempted in the economic field by re- | See Stores Optimistie. Despite these facts, some of the mer- chants questioned profess decided un- easiness over the Christmas trade pros- pects. Some of them have considerable concrete evidence on which to base this attitude, but the optimists declare that many merchants, like the man who en- joyed poor health, get a deal of “viewing with alarm,” es- Yeclnlly when the danger in the out- ook is somewhat nebulous. ‘The chain stores are optimistic nver prospects and so are the mail order houses. The majority of them earry lines which are not likely to be af- fected, and if buyer power is dimin- ished the cheap price appeal is what they rely on. Money to Loan by first deed of trust en rea) astate Prevailing iuterest and commission. =0 . L. Joseph I Weller g, ab k4 e TRUSTEED SHARES The TDEAL INVESTMENT for in- yestors who demand — SAFETY. YIELD and GROWTH of principal. Specially suted to_lon, i vestments wdividy 1o over, the amount. of wheat on ocean passage- foday showed a big falling off | both from last week and a year ago. | | starting 3 to 21 higher. Chicago ! | wheat afterward reacted a little and then | climbed again. Corn and oats were | also stronger, with corn opening 34 to | 13a up, but subsequently sagging some- | | what. 'Provisions held steadv. | Active buying here of wheat future deliveries was promoted today not only through Liverpool sharp price upturns and as a result of continued decrease | of world supplies afloat, but also be- funds and funds of ori 3 Sold in Lots—$100.00 Up Call ar Write Standard Collateral Shares Corporation Voodward Bulldin, Met. 2798 " First Mortga_xe Loans | Lowest Rates of lnterest and Commission cause of advices from Chicago erop ‘experts in Argentina telling of damage from black rust, with late wheat damaged the heaviest. ' Losses of prob- | ably 15,000.000 bushels were estimated in “Santa Fe and Cordoba Provinces | alone. On' the price bulges, however, the | | wheat market here was called upon to | absorb enlarged selling to realize profits. ‘There were also sizeable standing orders met with to make speculative offerings on all advances. Meanwhile good ex- port business in North American wheat | was noted, shipments being announced | as taken readjly at Gulf of Mexico ports | {and the Atlantic as well. | s NEW YORK COTTON. | NEW YORK, November 18 (M) | Cotton opened steady at a decline of 6 to 10 points under Soutbern selling | and Joecal or commission house liquida- | tion promoted by relatively easy Liver- | pool cables. There was some trade | buying and covering, but the demand from shorts was less active following | the advances of late last week, and by {the end of the first half hour prices | showed net losses of 19 to 22 points. | ‘rm'vh January selling off to 17.49 and | May to 18.05. Considerable December | liquidation was absorbed by trade buy- | ing at the decline, and some of the | December sellers were buyers of later | deliverjes. Hedging was said to be more active than toward late last week. 'Liwll'pool cables said some Continental | buying there had been supplied by realizing and short selling, and that | the Manchester market was unsettled, | with cloth buyers cautious. C. & 0. TO TAP COAL FIELDS, Thomas J. Fisher & Company, Inc. Every $1,000 Guaranty Bond Earns $60 a:Y ear Safety of Principal and Tn- terest, plus a liberal income, are the chiei reasons why Quaranty Notes and Bonds are preferred by careful investors, 6% INTEREST GUARANTEED r:;cu‘r;.‘i on inr&:.me- produci propes in ‘Washington and its sub- urbs and backed by our $3,400,000 resources. Convenient monthly pay- ments if desired. Send for The Suce MORTGAGE & GUARANTY CorPORATION ‘The Chesapeake & Ohio Railway has been authorized by Interstate Com | meres Commission to construct a four- | mile extension of its line in Faveite | County, W. Va., to serve bituminous |\coal lands. Capital Resowrces $3,400.000 24 JACKSON PLACE