Evening Star Newspaper, October 10, 1930, Page 15

Blocks Start Steady Stream of Selling. i BY JOHN A. CRONE. NEW YORK, October 10.—Scores of itocks, high, medium and low-priced, Tegistered new lows for the year or Jonger in an active Curb Excltange ses- ¢Big blocks of stocks, in most cases Tepresenting bunched orders, greeted ‘the opening gong and a steady stream ofcselling continued thereafter. Sev- eral fitful rallies proved insufficient to check the decline. Large initial transactions included 18,200 shares of Cities Service at 24, 8,000 shares of Standard Oil of In- diana at 42%, 8,000 shares of Electric ufl & Share at 547 al 5000 shares of Goldman Sachs at 10 Failure Has Effect. fons of the Prince ‘& fallure again were felt in the This firm had . carried on npenunm with London in ‘Traction Light, which Mhlnubwhfiewdny. & Whitel; Co ly Trading Corpora- uon, whxch lawyers for the brokerage firm state to be solvent, opened up sl‘l!fi!. but the preferred was off a Pllbllc utilities and investment h’lllfi! again were the weakest groups stock market. Oil shares soon Jolned in the descent and were followed by virtually every section in the list. The extent of the decline in utilities may be gleaned from the number of i mw lows ruched in the first two hours. included American Cities Power tes, ities, Niagara Hudson Pcm Shares and Utilitles Power & Other New Lows. htcmfloml ;emn' was said to be n important in the drop of blic utilities, tmt m trading corpora- rings came from the public in rts of this coun- try. Blue Ridge Goldman Sachs, Insull Utility Investments, Inc.; National Investors and United Founders ‘were a few of prominent Medium shares some ured long holders. in produu many new mini- Oil of Indiana, year. h-priced issues, largely because of flflm of their markets rl'.hzt than likewise 'fi to record lows. my included Alumi- Co. of America and Aluminum, (Copyright, 1930.) BANK CLEARINGS. NEW YORK, October 10.—Bank “'“??%;faz&fi"‘;252:??25. Iy a o "balances, . - $286,- Bank credlt M!. 8101000000, & year ago, $176,000,000. 'SHORT-TERM SECURITIES. ¢ XMeported by 3. & W. Selfgmian & Co,) Offer. 10315 ¥ ,, S5§S3estter TEEFSTES $E8 Eegs S e b BONDS ON THE CURB = thousands. mm High. % & 1 6 2016, 3085 1007 oas “m"u & 675 % 2 ~ 8 86 91Ys 91% 100% 1004 TN e seESnsasds ! WESE SER REELL ow '57. 98 9 l'lllnlfll M 57 lfli‘n lg" % ¢ o n% 84 s0.%0, 8% 3 55 e ww 9% Bl roonsmi S e - -v-w;g;;yegzzzzz 55538523 5 33 £5= i ) 1 E!gg 10+ R aneve e E¥ R ana HEa e @fid ;)fi‘lgg 2 g - Iu, o Note—All stocks are sold in one hundred. exce] which shows those stocks to be sold in ~Prev. 1930.—~ High, 356 112% 232 + 90% Con: % 172 23 284 109% 98%, Stock and Low. Dividend Rate. 4% Acetol Prod A. 12 g - b Alr Investors vte. Alr Investors ¢v pf. Alexander Indust. All AmGen Cor, Alleghany Corp Alles & Fisher (2 ‘Alljed Aviation Allfed Milis (8 Allison Drug St (A Aluminum Co of At 105% Alu Coof Am pt (6 90 Aluminum Co Ltd. 34% Am Arch Co (3)... 6% Am Br B fd shars. .., 5 Am Capital (B) . 30 Am Capital pf (3)... 35% Am C P&L (A) (:33). 10% AmCP&LB (10%). 102 16% Am Com P A (b10%) 92 AmCom PB (10%).. 16 Am Cyanam|d (B).. 146 Am Dept Stores. .. Am Equittes. . 25 10 Am For Pow (war).. 123 .28% Am Gas & E ($1)... 135 95 loo Am Gas & E1pf (6).. Am Invest Ino (B).. 4 Am Lt & Trac (234). 60 Am MIg Co (4) ... 50- Am Maricabo. . Am Natural Ga: Am Superpow (1)..s 899 Am Superp pf (6). ... Am Superpwr 1st(6) Am Thread pt (25c).. Am U &G B vto 40¢ Am Yvette new wi. Anchor PF (b10% % Anglo Chil Nitrat 4 Apex Electric Mfg. Appalachian Gas Arcturus Rad Tube Arizona Power. . Arkansas Nat Ga: Ark Nat Gas (A).. % Ark N G cu pf (60¢) . Art Metal Works (1) SuBnad ES - ] FF ! & s?:‘ g *f‘ 178% -u- 79 K 10’\( PRI PP PUG: (PP SRTRUPRT e . pessed, esl M1 1 199 3 Anso GRE A (x33.40). 176 As30G & E pf (5). 108 Auto Vot M ev pf pt.. Aviation Cor of Am.. Axton-F Tob A 3.20. Babcox & Wil (19) 2 1 42 42 B Bell Tel of Can (3. 2008 ua Bliss (E W) Co (1).. 42 Blue Ridge Cp (40c). 102 Blue Ridgecvnfas.. 79 16 Blumenthal (8). 4 ; 24 25% Brazil Tr & Lt (h2).. 181 2% Bridgept Mach (25¢) 23% Brit A To B 1.78 106, 1% Br Celanese rot: 58 Buokeye PL (4)..... 24% Buft NAEP pf (1.60). 7 BurcoInc..... 1% Burco Inc (war). 2% Burma Corp (t31c) 3% Canada Marconi. 26% Carnation Co (j1%). % Carib Syndicate. .. 79% Celanese Cor pt (7).. 2 20 CemHG&EnSle.. 4 19% Cent Pub Sve A al.75 25% Cent Pub Sv Del. 17% Cent & SW Ut b6%. .- 951 Cent&SW Utprin? 18 Cent 8t Bl (k4 ). “on 72 Cent St El pt 4% Centrifug Pipe (‘.e) 2% Chain Store Devel. .. 9% Chain Stores Stock, 22% Charis Corp (13)..., 16% Chat Ph Al nv (60¢c). 24 Citles Serv (g30c)... 88 Citles Serv pf (§) 49 Clev El Illum (1.60). 7% Clev Tractor (1.60).. 9 Cohn & Rosen Inc % Colombia Syndicat 2% Colon Ofl..vvesenses 22% Colts Pat Fire A (3). 5% Col Oil & Gas vte. ... 24 Columbia Ple (f14). Consol Dairy Prod s Gas Balt (3.60). 10 Consol Laundries(1) 5% Consol Retall Stores. 3% Cons Royal Oil (50¢) 28 Cooper Bessemer (2) 38 Cooper Bess pf A (2) 5% COrd COrp. .4..euin 7 Corroon & Reynolds. 8 CosdenOfl...... 15% Cosden Ol pt (7) 9% Courtaulds Ltd 4be 4% Creole Petroleum % Cresson Consol (4¢ » 190 310 s © g0 Vs 1 9 1t 001 N o 8% Cr Cork Int A (1) 16 Cuneo Press (2%4)... % Curtiss Wright war. 6% Darby Petrolm n (1) 2% Dayton Alr & Eng... 56% Deere & Co (m1.20).: 2% De Forest Radi 6% DeH Alr Ltd ret 50c.. 14% Deisel W Gilb (13).. 4% Derby O1l Refining 2 Detroit Alreraft..... 14 Diamond Match new, 24% Dia Match cu pf (n). =2 anmiBas vans 162% Dixon (J) Cruc (8).. 8% Doehler Die Casting. 12% Douglas Air (75¢)... 56 Dow Chemical (2), .. Dress S R (A) (3%, Driver Harris ne . Dubilier Cond & Rad Duke Power (§15)... Duguesne Gas Cp wi. 2% Durant Motors 3 Duval Tex Sul wi. 23 EastC&F Ass 18% East St Pow B (1) 10% Util Asso cv.... 5 . 1285 9% 103% El Bond & Sh pf (6§ 9 lOl 105 92% ElBond&Shcupfé. 5 93 19 Elec Pow Asso (1).,. 37 20 16 Elec Pow Asso A (1) 17% 28Y El Pow & Lt op war.. 30 14 Elec Sharehold (11). 14% 82 El Sharehold pf (a6) 89% 4% Empire Corporation, 86% Emp G&F cupf (7)., 37 Emp Pwr pt (14.60 16 Emp P Ser A (a1 22% Employ Reins (1%), % Engineers Gold. 10% Europ E Ltd A « 2 Eyrop Elec deb 1% Evans Wallow Lea, % Ex-cello Alr & Tool % Fabrics Finishing 1 Fageol Motor, & Falcon L 5% Fansteel Products 5% Fedders Mfg Co (A). 12% Federat Metals t13 . 11 Flatrets (1.25)..... 12 Flintkote (A) (1%). 18% Ford Mot Can A 1% 6% Ford Mot France 28¢ 10% Ford Mot Ltd 37 % 4% Foremost Fabrics, 2% Fox Theater Cl (A, 6 Franklin Mfg Co. 17% Garlock Pkg (1.20). PSP EENY S o~ BaNuronBoed R > 47 Gen Baking pf (3)... 23 39'% Gen Capital Corp.... 1 10% Gen E Ltd ret (60e). 109 20 Gen W WAE A (2). 21 Gleaner Harvn (2) undred-share lots those designated by the letter s (lol) (tl:’l,) Sales— Add 00. Open. High. Low. 13 Close. [ 1 wm 22% 95 1 1 1084 1om 105% 3 5% 30% 404 lOOI 120% 120% 119 2* 2% 2% 23%, 19% 9 4 63% 5% 534 103% N% 16% 15% 27 12 89% 4 ~Prev..1930.~ High. law 7 4% 104 % Stock and % Golden Center: . 38 T | O Guenther Law (2)... Happiness Candy.... Hazeltine Corp (2).. Hecla Mining (1). Heyden Chem (2). Hires (CE) (A) (2).. Hollinger u.mzuoe) - eI LS Humble O11 (2). Huyler Strs of Del Hvdro Eleo Sec (2 Hygrade Food Pro Imp Ofl of Can (50c) Imp Tob Gt Brit t89¢ Ind Ter Miu Ofl (A).. Ind Ter INlu Ofl (B). Ind Fin ctfe (b10%.), 1% Insurance Sec (1.40) 5 107 105% 113% 107% 1% 6 108% 104 110 102 16% 6% 17% 1 UK Intercoast Trade (1) Intercontinent Pet n Intl Cigar Mach (3) Intl Hydro cv pf 3% . 1250 Int Petroleum (1)... 225 Internat Product: Internat Buper (f1 Int Utilities A (33). Internat Ut (B). Interstate Equit| Interst Eq ev pf Irving Alr Chute (1) Ttalian Su Italtan Su Jer Cen P&L pf (7).. 50- Johnson Motor. Klein (DE) Co (1) Kolster-Br (Am Sh). Lackawanna Sec (4). Lakey Foundry..... Lefcourt Real t1 Lefcourt Real Df ll) . Leonard Oil. . Libby MeNell & L. L"y Tllllu Oflv’ fl“) - !-'..-u!aa-u. . o T Lone Star Gas n (1). Long Isld Lt (55c).. Long Inl cu pf B (8). Long Isl Lt pf (7)... 3 Louisiana Lan & Ex. MacMarr Stores (1), Marcon! I Mar (28¢). Mass Util Asso. . % Mavis Bottling." Mayflow Asso (12).. McCord Rad (B) (1). Mead Johnson (t41,) Memphis Nat Gas MerCh &S (1.6 afoo - Mesta Machine (2) .. Met & Min Inc (1.20 Mexico Ohle Ofl. o e - Midld Nat Gas A 1.20 Mid Roy ev pf (2)... Mid St Prod n (2)... Midvale Co (4). Mining Corp of Can. 105 MoKanPL (b10%). lg: P T I LT L % Mo KanPL vte. . Moh HP 1st pf (7).. 50s Moh HP 24 pt (7)... 25 Montecatini deb rt Mount Prod (1.60) Municipal Serviice. . Nachman Spring.... Nat American Co.... Nat Aviation. ., . Nat Baking Co Nat B & Bh cp 50 Nat El Pow A (1. lo). Nat Fam St b2% %.. Nat Fam 8t pf (2) Nat Fuel Gas (1). Nat Investors. . Nat Mfgs & Stores Nat Pow & Lt pf (6). Nat Pub Sv A (1.60). Nat PScvpf ww 3. Nat Rupber Mach (1) Nat Screen 8v (2)... Natl 8 T Sec A f50c.. Nat Sugar NJ (2)... Nat Transit (1 »o EY Tt » M3 TP BT UL TS Newberry JJ pt (7).. % New Eng Pow of (6). 50s New Eng T& T (8).. 508 N J zine (12%).. 9 Newmont Min (£4).. Newport Co (2)..... N Y Merchandise (1) horln&l Mines (2) Nordon Mines (2) North W cv pf (3) Nor & 8o Am Corp Novadel Agene 13 % Ohlo Copper...... Ohto Ofl m cu pf(6).. Oflstoeks Ltd A 50c. . Outboard Mot (B)... Pac G&E 1st pf (1%) Pac Pub 8v (1.30)... Pac Tin Cop spec (2). Pac Western Oil Pandem Ofl. Pantepec Oil Paramount Cab Mfg. Patterson Sarg (2).. Pender DGr A (3%). d Cp (20¢).. i Powdrell & Alex 1 % Pratt & Lamb (15).. Prince & Whit (5c). Prince & Whit pf (3) Prod Royalty (f1).. Prudence Co pf (7 Prudential Invest. Pub Ut Hold (50¢. Public Util Hold Pub Utll Hold x.w. Puget 8 P & Lt pf(¢ Pure Ofl pf (6). Pyrene Mfg (80 Quincy Mining. .. Radio Products (2) RR&LLS (16).. R R 8h Corp (26c)... Raymond Coner (4). Raymond Con pf (l)- Royal Type (13%). 2 Ryan Consolidated. . 4 Safety Car H&EL (8). 508 Safeway Sors war 2d 10s St Regis Paper (1).. 70 8t Regis Pap pf (7).. 508 Salt Creek Con (40¢c) 1 Salt Creek Prod (2) :: . 7% 14% SaxetCo... 4% 24 Sebulte Un bc- 10 % Beaboard Ut (300ys 11 % 108% Dividend Rate, A_..Mlh‘: !"M 'l‘h 38% Mz l“fi 14% 3 59 MK 12’,& % 115 11% 2% 6% AK 2‘% Mfi XC 61 % | l 2% 1% 101% 140% 98 10. lfi % 3% % try Shattuck Den Min... Shawingan W (2%) . Sheaffer Pen (13) 7% Shenandoah Corp. Shenandoah Cp (a3). Silica Gel etfs....... Silver (Isaac) pt (7). Smith (A O) (2)..... Solar Refining., South Am Air Lines. So Am Gold & Plat. . Sou Penn Ol (12%) .. SoCal Ed pf B (13%). S0 Col Pow (A) (2).4 Southern Corp. Sonmldnsnl!:(loc) 'y Prod ts. Ol Ullll“ll. .er Shumance P 07 Ronean » (- 1% Stahl-Myer (1.20)... Standard Motors. ... Stand Ofl Ind (23%). Stand Oll Ky, (11.80) 16 Stand Oll Ohio (23%).150s Stand O Ohlo of (7). uo- Stand P& LB (2). St Pow & Lt pt (7). Stqrrett Corp. ...... Starrett Corp pf (3). Stein Cosmetics. Roth. .. Struthers Wells Stutz Motor Car. 8501 Swift Intl (13%) Taggart Corp (1) Tampa Eleotric (32). Taylor Milling YN) . Technicolor ine. . 4 Teck Hughes (600). . Texon Ofl&Land (t4) Thatcher Sec Corp. . Tish Realty & Con. .. Tobacco & All Stks Tran Con Alr Tra: Trans Lux D L P TrisCont Corp (w Tl’lphx s- ty Glass ‘Tub «B). Tung lol Lamp (1).. o I HRORRAR- S S MARS WG R0 = Ml and Divides Twin St No Aptl). 4 Ungerleider Pur) . 110 Util P& West A Wilson 2% FINANCI Bales— Rate. Add n.op:n Ilfll l‘z Close. A SEEK TOHOLD AP STEE PRREGAIS Leaders in Indus Drop Efforts to Raise Cl 3?9“0"? in Present Market. " Coincident with a fiattening out of | the gently rising curve in demand for finished steel and pig iron comes the 3% | disclosure that the production of steel & Int Seo 18t (6) Lines pf (1)... & Oversens war. S & Overseas ctfs.. U S Rubber Reclaim. Utd Verde Ext (2)... ll Utd Wall Paper. Utah Met & Tunnel. . Util Pow & Lt (a1).. 189 L Betfs (al) 34 ‘Walker Min (734¢) Watson (J W) Co. Wenden Copper. ir Exp (80¢).. West Auto 8 A (3) Western Md pf. . Wil-Low Cafeteria Jones (3). ¥ 1 Woodley Petroleum. 3% 8% Zonite Products (1). 9% ey Tidend rata n Geliars. bated an_last auatiarly or semi-annual R NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. (Continued From Page 14.) Stock and Dividend Rate. Vulcan Det pf (7)... 1008 Sales— Wabash pf (A) (5).. 60 254 8 Waldorf Systm (1%) Walgreen pf (6%)... Walworth Co (2).... ward Baking (B) . Ward Baking pf (7). Warner Bros Pict... 6. ‘War Br P pf (2.20). Warner Quinlan. Warren Bros (3). War Bros ev pf (3).. Warren Fdy & P (2) . Webater Eisen(new) Wess Oil & Snow (2). Wess O & Sn pf (4).. West Penn E1 A (7).. 40s ‘West Penn El pf (6). 20s West Penn El pt (7). 1708 West Penn P pf (7).. 60s Western Dairy (B).. 8 W.lllru Ma..... 70 Western Md 24 pt 2 Western Pacific. 5 Western Pacific pf. 11 Western Union (8).. 53 Westingh'se A B (2). 29 Westing B & M (5)..1298 e BA Mot c5).. 1708 n El Instr (1), Wel(v-co Chlor (2). 2800, High. Tow. Close. Close. 9316 2 30% 30 "30 ~Prev.1930— High. Low. 93% 93% 95 Yellow 10:30 A M Dividena cash payments based i v cent T s Btock and viden: Wextark Radio Stri White Motors (2). Wh Rock M B (t43% White SewingMach, White Sew MAch p! Thles e siven 1o a Onit ot tnun1 eul hE stock. " ¥Pavatie. in serip TR Payable in cash or & 'Pliu 0"-': cent ml‘m. B Plus . T cent Bretetred stocke T Subect o spmeaval ol Prev. id Rate All 00. Ellh Low. Blou Close. 1 8% 5 109 Worth Pump (A) (1) Worth Pump(B) (8). Wrigley (Wm) (4).. Yale & Towne (2)... Truck. Youngs Spring Young Sh & Tube( 4% Zenith Radio Sales of Stocks on Nn York Exchange 3% + 963700 12:00 Noon... above table the aTterly of DA Tearly A 100 shares, tRAstly extra. regular rate. b Payal H’" o tock. gent D Pl tockioldera. BRflKERS FORESEE ADBEI] LIQUIDATION Agree That Recoveries Now Probably: Will Be Only Temporary. By the Associated Press. NEW YORK, October 10.—Most of the brokerage house comment today contained in advices to clients agreed that further liquidation was in pros- pect for the stock market and until it was completed recoveries would be only temporary. Comments include: E. F. Hutton & Co.: “We think the current decline is uncovering long-pull tions in low-priced stocks and -pull investments in the secondary ers. We think the whole market is in the culminating and final stage of the bear mrkeu and provided current liquidation is completed without any strong and drawn-out intermediary re- covery, we feel that we can look for- ward to & permanent recovery in trade and securities.” J Boesel & Co.: “We know of no hidden bearish influences which muht incite further hysterical selling. Barring unforseen develop- ments, we think that the present tech- nical pn!iuon is sufficiently strong to take care of scattered liquidation in an orderly manner.” Shields & Co.: “Those who correctly 2% | read the handwriting a month or more 28% 26% 6% 13% & 1% 4% 23 10% % | nece 66 26 86% % uv. l% 103?6 28 35 41 3% 19 6 99% 14% % 1% 8% 100% 91% ™% BK 65% 4% 48 33 3 1 10s. £11. l 5s. % 3% _ Crude rubber 2% Btates in the first half of this weighed 316,000 tons, ago recognize that the present is no time for undue pessimism. At the same time, it is realized that the full psy- chol eflm on business and gen- eral sentiment throughout the coun- try of recent stock market dmlep- ments will not be apparent for a while o longer and that in the meantime cau- o tion in ing oommumenu remains & Week: in nearby trade news to war- rant & nuutned recovery in prices.” Redmond Co. “The market still shows no indlclmm of having touched bottom. Such selli as we have ex- rienced during the last few days must allowed to burn itself out, even though prices of many securities will be carried below their intrinsic worth. Current difficulties are obviously a hangover from the severe deflation of last Fall and we see little chance of any organized bank support so long as the decline continues in orderly fashion.” Tobey & Kirk: “Real liquidation eoponsibi ToF weakness Ih. the. Geners re: for weakness general unmdunul this is over it cannot be expected thaf s than tem 2 Charles D. Robbins & Co.: “Although there is not yet clear and unmistakable evidence of the end of 'llquldlflon, uhis is no time to become be- inf Mitchell & by l?“uglel m.l{:e:dluo bef g0 _throug] er liqu n_before n‘hlllly is restored. Buying power was lacking throughout vm,uslly nll of yes- and it is uncertain when "de- will be revived.” * & : “Despite the extent of line & definite climax However, a clear- cut indication should be in the event of any further today.” METAL MARKET. LONDON, October 10 (#).—Standard copper, spot and future, £43 12s 6d; electrolytic, spot, £46 10s; future, £47 Tin, lmt £100 m 6d; future, Lead, spot and future, £15.° Zinc, spot, £14; future, £14 10s, —— consumed in the United year “There 1s still | pnit- Pot GRAIN MARKET OPENS MOVING NERVOUSLY Moderate Volume of Transactions Keep Early Values Near Yesterday's Close. By the Asscciated Fress. CHICAGO, October 10.—Fluctuating nervously without any decided trend, and with transactions of only moderate volume, grain values early today kept near to Jumdlyl finis] Relative ake wheat "'l'll"e‘t ‘},)ll"nguk“ h‘lned w0 make Wl price cl here narrow, and 80 likewise, did opin- fons upre.nea by trade authorities that holders of most commodities were show- ing a disposition to resist furtner down- ward pressure, 1s to 3 off, Chicago wheat future deliveries showed afterward nu- merous but only fractional siterations. Corn started at % decline ¢ and cubuquemly \'lried but ll!tle ——— DIVIDENDS DECLARED NEW YORK, October 10 (#).— Pe- Pay- Hidrs. of Rate. riod. _sble, " record, 31.62'2 Q Nov. 1 Oc OB Be B BB o e e WD »f. .81 ...:::"g,rs::‘ 4 Miss, w3z 's';sééé: s B ¥ Es 58! Do 6% pf. luu-ngu x:u o of 7o pa Seattle Gs Bigeaus A £OODODHOLOOD POOLOOOLOO DOOOLOO O OO O OO oSl lo 8 AnLIm 33 Am Bank Initial, Eastn Dairies Ltd..2c Q Notomas Co 5 — Due Nov. 1 INVESTMENT TRUSTS NEW YORK, October 10 (#).—Over the counter market: Bjd. Asked. ::gg.r‘mt l-&om U. 8. TREASURY BALANCE. The United States Freas hhnee 3. October 8 v'f-‘ymm uflm | s s15i007 362 78 N /COTTON OPENS. DOWN "FROM 6 TO 10 POINTS Liverpool Market Reported Lower Under Hedge Selling. By the Associated Press. NEW YORK, October 10.—Cotton opened steady at a decline of 6 to 10 points under Southern or local commis- sion house selling promoted by relative- ly easy Liverpool cables, small domestic consumption figures and reports of in- New December sold off to 10.21 at the start, and March to 10.52, but the initial offerings were absorbed at these figures and prices steadied up a few points from the lowest on trade buying and covering. At 'the end of the first half hour the more active positions were Adaitional natiBes wers Feporied aginat a nal ng were re a the new October cantract and that de- livery sold off to 10.03 during the early trading, or 8 points net lower. Liverpool cables said the market there was lower under hedge selling and local liquidation and that. the cloth demand from India and China was easily satisfied. NEW YORK BANK STOCKS NEW YORK, October 10.—Bank stocks and trust shares remained weak wday. but the volume of offerings s ‘of America, at 82, was off 1 Bankers Trust, 126, off 3; Bank of United States, 26, off 5; Brooklyn Trust, eso. off 8; Central Hanover, 283, off 7; Commercial, 310, off 10; Continental, 19, off 1; Exchange, 150, off 2; Empire, 61, off 1; First National, 4325, off Gum'lmy, 558, off, 6 Irvmz 40 off %; Manhat- tan, 96%, off 11;; Mlnuflcturem, 66, 1|off 5; New York Tr\uf., 205, off 6, and Public, 83, off 1. SALE! FALL OFF. CHICADO Omber 10 (). —Sears Roebus & Co. rted $32,837f 927 sales durmg its ‘tenth calendar period, September 11 tober 8, showing a decrease of 14.5 per cent from the t?lll’lzasno sales in the same period o In one night recently fishermen on a boat off the English coast caught 80,000 herrings. Organized 1879 JOHN JOY EDSON, President Assets $5,723,083.61 Save for Prosperity! Regular savings, matter ow small, will grow into a nest egg for the com{b WALTER 8. Surplus & Profits, Snbunphon for the 99th Issue of Stock Being Received ingots and pig iron declined sharply last month to the lowest level in six years for both, says Steel, Cleveland. Apparently the gains in demand re- ported by most producers through Sep- tember were met by shipments from stock or represented obligations against which buyers have not yet specified. No small portion of this coverage ap- pears to have been protection at current low prices. A deflation of the improved sentiment of recent weeks undoubtedly will result from the combination of duction and the joss of momentum m buying. This week, as last week, there has been more talk of holdin‘ recent gains than of bettering thes Ingot Pnlnlb-. Ingot production had declined from b = Jc“'l’mou mm o, U B m ily, uo 307 'ml - kv!l not M 1924. To 1 m nso w!put M steel was 32,680,860 tons, against | 353,909 tons in record 1029, The mel- making rage for Septeiaber was 55.1 per"cent for 1930 to date, 70.08 per | cen This 7.6 per cent drop in the daily ingot rate in September was slightly larger than the 6.8 loss in .p‘f iron. September’s daily rate of 175, tons ares with 81,455 wm in August. nine-month total for 1930 is 25,744,941 tons; for 1929, 32,682,700 tons, At the close of September only 126 stacks were in blast, 11 fewer than ] and iron require~ dustries, a stand-off ip Te- Automotive and gas, and water consumers are lsthargic, vm.h no indications of revival this quarter. Structural activity, on the other hand, is well maintained for the season, and the railroads, while shunning the equip- ment market, are beginning to 1931 track material. Beiter Structural Sales. Structural steel nnrd.l spurted week to 2543 with 14,387 tons un 'eek and 23315 tons & year ago. s"dlfl making operations are un- changed this week at M-M per cent for Chicago, 55 for flthburlhdhu for East- per ton reduction steel's market $32.32, the lowest in a decade. WOOL MARKET ENDS 2% ANOTHER QUIET WEEK- Business at Lower Levels garded as Without Con- sequence. Re- By the Associated Press. EOSTON, October 10.—The Commer- clal, Bulletin of Boston will say to-' MOTrow ‘The wool trade has puud fmh another quiet week. T being done at the lnwer levell M&l week ago, but it is & for the week. Prices are hardly cl ‘The manufacturing position. slowly. A somewhat better feelirg éx- ists in the woolen end of the w On the whole, however, the market to be still unsettled, with moanta business in goods being placed from week to week. “'The foreign markets are steadier for the moment on the bnll of the new low prices star t London and in the primary nn‘keu of the South- ern Hemisphere. The question agitat- mcmenunmummdeumm phase of the price “Fall Texas wools -are movln‘ m to the dealers and pardy m the eo- operatives at advances of 1o 20 cents to the latter and around 2 to 21 cents to dealers for best wools. “Mohair is dull, with a tew small gglcs of original Texas hair at about “The ‘rall and water shipments of wool from Boston, accordiug to the nme suthority, f-om January 1, 1930, October 9, 1930, inclusive, were 1069“500 pounds, against ‘38,406000 pounds for the same ynr The receipts from January 1, 1030, to October 9, 1930, inclusive, were 290,522,- 312 pounds, against 27,431,185 pounds for the same period last year.” The Bulletin will publish the follow- ing quotatior Domestic: Ohio and Pennsylvania fleeces, de- laine, unwashed, 31a31%; one-half 0830; three-e hlha one-fourth Michigan and New York fleeces, de- laine, unwashed, 27a20; one-half blood . combing, 27a29; three-eighths - blood combing, 29a30; one-fourth blood comb- ing, 30a31. ‘Wisconsin, Missouri and average In- diana, nnd New England—One-half blood, three-eighths blood, 2’ 28; Dne-(olll’fl’l blood, 27a28. Scoured basis: California—Northern, 63a65; mifld.le county, 61a62; southern, 60a62. Texas—Fine 12 months (selected), 12 a75; fine short 12 months, 70a72; fine eight months, 68a70. Territory (scoured _basis)—Montana and similar, fine staple, choice, 74a75; one-half blood combing, 67a72; three- eighths blood combing, 5 fourth blood combing, 52a5f Equitable Co-operative Bldg. Ass'n 50th YEAR COMPLETED PRATT, Jr., TLI85a1L8T Let us show you how. we ad- vj-e you:to | save!