Evening Star Newspaper, October 14, 1930, Page 14

FINANCIAL G iobisR 14, 1930, INCREASE IN FARM NEW YORK STOCK EXCHANGE ESDAY BONDS DEPRESSED | Cox rew vonx BONDS sroce excnuvca] |EXCHANGE OPPOSED PRIGES REPORTED Further Upturn in Values of Lambs, Pigs and Eggs Ocours. : Farm products as a group show:d further improvement toward the mid- dle of October, as compared with lowest | points of the late September decline, says the United States Department of Agriculture, Bureau of Agricultural Eeonnmlm, market news service. The recent upturns are mostly in the ani- mal products, including meats, lambs, slaughter pigs, and eggs. The grains declined sharply on foreign competition and slightly better crop conditions. Some feeds sell higher. Cattle, hogs, cotton, dairy products and apples show little net change in price since early October. Potatoes, onions, cabbage and most other vegetables tend lower, with liberal lupplle. in consuming markets. The October crops turned out rather better than expected at one time, but still show about 10 per cent below average yleld and 6 per cent below last year. Thera will be more grain, except corn, season and more (rult., but shortage h evident in corn, tures and in some of the side llne! llle sorghum, peanuts and sweet potatoes. Potatoes Lower. e digging, liberal shipments and . fie':’r cl.rgpn‘repofl all ' combined to weaken the mid-October potato mar- . Chicago carlot prices sagged very considerably the second week of the month, and Eastern markets also were Jower. The general jobbing range of $1.65 to $2.50 per 100 pounds covered most sales of Eastern potatoes in the large cities. Shipments were lighter than early in the month or as com- with a year ago. Shore of Virginia was jobbing lower in city markets at $2.25 to $3.50. More than half the total shipments came from Virginia. Crop conditions im- hu'. the sweet potato outlook is fifth lighter than in 1929. Cabbage and Onions Cheap. Domestic type cabbage brought from New York $9 to $10 per ton in Wutlern shipmenfl jucing sections. Celery prices were weak at Western New York points, with two- Ney York sploping Poircarly kinds b1 10 to 80 .cents. and Golden % t $1. Lettuce self- !l'.‘nr.hln( at lbou P gy bulk of the supply from California. Liberal l’flll Supply. the second week Of October, 7% Eactern apple ship- Lo u.hur an 8 year ments were much Prices change. ht lnolu! ‘140 an from Quality, of the New York grapes is «cellent this season. Dlhy Markets Unsettled. e R the drs 0 aayn ot M.ln, lays lI o tendency on the whole was wnxd itly lo-er prices in most ‘markets, 'J the Middle West. A jume of butter in stor- ‘age ‘moved into consumption during the first 10 days of the month, indicat- hmrym public demand. price setting declines at others. for cottonseed meal has been fairly active at the larger distributing ly from the areas af- but the market was mlddle of '.hl month influenced by weakness i1 feeds and in feed mln and by the mnm cot- ton crop estimate. LOWER PRICES CUT DOWN U. S. EXPORTS Increased Competition in World Markets Also Affects Foreign Trade. By the Associated Press. Lower prices and increased competi- tion from larger world crops were cited today by the Department of Agricul- ture as the principal factors contrib- | uting to the smallest volume of agri- cultural exports during the past year since 1910. For the year ended June 30, 1930, the combined index of exports of 44 com- modities was placed at 97, with exports in the five-year period 1910-1914 used 25 & base of 100. The index of exports for the year ended June 30, 1929, was 117, and the peak movement in the Jast 20 years was in 1918-1919, with the index at 145. cotton export index was only 82 last year, as compared with 99 the pre- ceding year; grain and grain products, 130 lasi year, as against 174 the pre- ceding year; cattle and meat ucts, 104, lnlnat 102, and 1 216, against 372. Exports of farm and forest products the last fiscal year were valued at $1,495,000,000, 85 against $1,847,000,000 before. the decline was attributed to smaller shipments of cotton at re- duced prices. ’n:h-ccn registered of ‘exports and PARIS BOURSE PRICES. ~Prev.1030— High. Low. 64 ¢ rio 35% 484 | i 13 231 11 108'& 103 17% BATh 974 26 81% 113% 114% 49% 817 95% 112% 9% 6% 70% 28t 12 1!3‘! 106% A4 Received by Private Wire Direct to The Star Office. (Continued From Page 13). Stock and Dividend Ra 1% Kelly-Spring Tir 29 Kelly-Spring 6% pf. 2008 11 Kelly-Spring 8% pf. 160s 211% Kelsey Hayes (2). .. 7% Kelvinator Corp .. 27 Kennecott Copper(2) 72 Kinney (GR) of (8). 1% Kolster Radlo. .. 261 Kresg (SS) Co1.60. 45 Kresge Dept St pf... 50 Kress (SH) Co (pl). 23% Kreug & Toll (1.60). 21 Krog Gr & Bak (n1). 761% Lambert Co (8).. 21 Lane Bryant (2). 4 Lee Rubber & Tir 18 Lehizh Port Cmt (1) % Lehigh ev Coal .. 53 Lehigh Val (t4%)... 60 Lehman Corp (2).... 21 Lehn & Fink (3).... 14% Lib Owens F G1 (1).. 85 Liggett & Myer (15). 85 Lig & Myers B (15).. 20 Lima Locomotive 45 Liquid Carbonie (4). 4214 Loew's Inc (3). 6% Loew’s Tno pf (615). 84 Loew'spfxw (§%) 3 Loftlnc... 501 Loose-Wiles' 14% Lorillard (P) Co. 6% Louisiana OIl. 308% LouG & B (A) ( Louls & Nash (7) 14% Ludlum Steel. ... 35 77 80s 8 19 108 % 38 1 5 10 33 2 23 Mac And & F (12.35). 110; 50 McCrory (B) (2). 30% McGraw-Hill (2).. 14% Mclntyre Porec M (1) 61 McKeespt T P(153%4) 12% McKesson & Rob (1) 10% McLellan Stores. 4614 Mack Trucks 169% 109 Macy & Co (nt3 15% 51% 132 61% 23 40% 42 23% 26% 182 1 37 NBW 1 m 49°% 16% 33 72 2 115 614 Madixon Sq G 20% Magma Corpe u).‘ 4% Mallison & Co 10 Mandel Brothers. . 24 Man Eley mod g (48} 1 10 4615 Manhat Elev etd (7) 20s 1% Maracaibo Ofl Exp. . 2615 Marine Mid (120)... 26'% Marlin-Rock (+5%). 61 Marmon Motor Car. . 35% Marshal) Fleld (2%) 3 “AMartin Parry...... 528 Mathieson ATkail (2) Mathieson pf (7). ... 3314 May Dept Strs (n2). 7 Maytag Co (1). 20 Maytag Co pf (3) 26% Meiville Shoe (2) 7 Mengel Co (2)...... 281 Metro Gold pf (1.88). 50 Mex Petrolm (132) 15 Mexican Seaboard 9% Miami Copper. 43% Michigan Stl (h2%3). 18 Mid-Cont Pet (2)... 21% Midland Steel (3) 84 Midiand Steel of (8). 6% Minn Moline Pow 68 MinnMoline pf (6%) % Minn & St Louls 27% Mo Kan & Tex (3). 87% Mo Kan & Tex of (7) 42 Missouri Pacifie. 00 Missour! Pac pf (5)." 15% Mohawk Carpet 25 Monsante Ch (£1%). 21% Montgom Ward (3) 3 Moon Motors. 6% Norfolk & Southern. 48% Morrell & Co (4.40).. % Mother Lode (20c). . 1% Motor Meter G & El 16% Motor Wheel (3)., 35% Myer (FE) & Br (2). 29% Nash Motors (4). bllh Chat & St L (5) 116 Nat Lead pf (B) (‘). 30 118 23 248 5T% 26% 15% 44% 88 2% Th 37% 8% 110 22% 22% 1% | 123% 100 17 89 8la 274 14% 88% 69% 57 85 170 20% Nat Pow & Lt (1) 48% Nat Steel (2). 86 Nat Supply (5) 64% Nat Surety (5). 16% Nat!Tea (1). . 261 Neisner Bros (1.60). 10 Nevada Copper (1).. 491 Newport Co lA) u). Newton Steel . North Am Aviation. . 81% Nor Am (b10%stk). . North Amer of (3) 5614 Northern Pacifie (5). % Norwalk Tire & Rub. 22 OhloOli Co (2).. 5% Oliver Farm Equip 42 OlivFEqpfA (¢ 8 Oliver Farm Eq cv pl 2% Omnibus Corp...... 2% Oppenheim Col (3) 55 Otis Elevn (2%) 16% Otis Steel (234) 53 Outlet Co (4).. 38 Owens 11l Glass (3). 48% Pacific Gas & El (2) Pacific Lighting (3 9 % Packard Motor (1).. 48 Pan-Am Petroleum.. 47% Pa 46% Param’nt Publix (4). 1% Park Utah Ak Plrmoleo’l‘fln (lOt) 2% Pathe Exchange. .. 5 Pathe Exchange (A) 9% Patino Mines 261 Penick & Ford (1)... 474% Penney (JC) (3) .. 9315 Penney (JC) pf A 10 5 Penn Dixie Cement. 647 Penna R R (4) Phila Company (17 50% Phila Co 6% of (3) 11% Phila Read C&1.... 8% Philip Morris&Co(1) 21 Phillips Petrol (n2). 80 Pnoenleo-p!'n . % Plerce Ofl. ... 21 Plerce Petroleum. .. 27 Pilisbury Flour (2). 35 Pittsburgh Coal 72 Pittsburgh Coal pf.. 16% Pitts Screw (1.40) 19 Pittston Co (76c). 19 Poor & Co (B) (2) 4 PRAmTob (B). 70 Postal Tel & C pf (1) 22 Prairie Ol & Gas (2) 27% Prairie Pips L (16).. 4% Pressed Steel Car . sed St C pt ('l)v.). 4% Prod & Refiners. 81% PubSYNJ (3 91% Pub Sv N J pf (6) 106% Pub 8v N J pf (6) 55% Pullman Corp 1 Punta AlegreSu; 16% Pure Ol (1%) 109% Pure Ofl pf (8)..... 52 Purity Bakeries (¢). 21% Radio Corp . 48% Radio uf A (3% B4% “adio Corp (B) ) 17% Radio-Kelth«Orph A. 4 3 1 3 2 6 11 1008 20 z 108 30 4 2 12 f SN Boaana » s man " 13 Sn-=usnu S 104 1 lll [] 16% 21% 2 Leh Port Cem pf (7). 30s \oaw 103% 8! 24 31% 3% 18% 17% 72 «T0% 12% 124 1% 1% 48% 45% ¢ 11 5% 134 345 4% 134 334 T4 8 25% 25 153 153 17% 16% 43 42 mw 101% 25% 221 20 130 9% 48Y, 48% 46% 10% 48 222% 217 Sales— 0 Amn: m;h. u;r Close. Close. 5% 134 344 % 153 17% 9 45 19% lom zcu 20 131 222% 5 124% 124% 124% 3 YT - P S I T T ot 12% 267 52 13% 9% 22 83 % 2% 13 22 9 27% 72 6715 124% 1 ~Prev.1930 Stock and Dividend Rate a0 nan. 80c). 1u Revere Copper & Br. Revere C & B pf (7). Reynolds Metals (2). Reynolds Spring. . Reynolds Tob B u). Richfield Oil (new). Rio Grande Ofl...... Rossia Insur (2.20).. Royal Dutch a3.2165. Rutland pf.. Safeway Stores (5). St Joseph Lead (13). St L-San Fran (8) St L-San Fran pf ( St L Southwestern Savage Arms (3). Schulte Retall Stri Seaboard Afr Line Seab'd Air Line pf Segrave (1.20). Sears Roebuck $2% . Second Natl Inv.. Shattuck(FG) (11 Shell Union Oll. Shell Un Ol pf % Shubert Th Simmons Co. Simms Petrol (1.60). Sinclair Con Of (2). Sinclair Ofl pf (8)... Skelly Ofl (2)... Sloss ShefMeld Stee] Snider Packing. Solvay Am pr ww 6% Sou P Ric Sug (1.40) Sou P Ric Sug pt (¥) Southern Cal Ed (2). Southern Pacific (8). Southern Rwy (8)... Southern Rwy pf (5) Spalding 1st pt (1) Sparks Withing (1). Spencer Kellog (80c) .Spicer Mfg Splege)-May-Stern. . % Stand Brands (134).. Stand Comm Tob, Stand G & B (3%) Stand G & £ pf (4).. and G & E1 pf (6).. Stand O of Cal (2%). Stand O11 Exp pf (6). Stand Oil of Kan (2) Stand Oil of NJ (12) Stand Ol N Y (1.60). Starrett (L 8) (12%) Sterling See (A).... Stewart-Warner (2). Stone & Webster (4). Studebaker Corp (3). 8 Studebaker Co pt (7) loo- Symington (A)... Telautograph (11.40) Tenn Cop & Ch (1).. ‘Texas Corp (3)... . Tex Gulf Sulph-(4).. Texas P C & Oil. Thompson (J R) (3) # Thompson Starrett. . Thomp-Star pf (3%) Tide Water As (60¢) Tide Water As pf (6) Tide Wat Ofl (pf (5) Timken Det Ax (80¢) Timken Roller (3)... 2% Tobacco Products. .. Tob Prod (A) (80¢). Transamerica (1) Transue &W (1).... Trico Prod (2%) Tri-Cont Corp. TrisCont Corp Truscon Stl (£1.20. Und-Eil-Fischer (8). CUnion Carbide (2.60) Union Ofl of Cal (32) Union Pacifie (10). .. Un Tank Car ( Utd Afreraft. . Utd Alreraft pf (3). Utd Biscuit (1 60) Otd Carbon (2 Utd Corp pf (3)....0 Utd Electiic Coal. U S Distributing. U 8 & For Secur 84 For eeyt ¢5). S Freight (3). S Hoffman (2).... 8 Ind Alcobol (17) 8 Leather. 8 Leather (A) J 8 Pipe & F (2). SP&F 1st (1 J 8 Realty (5). 8 R 8 Rubber 1st pi S Smelt & Ref (1). 8 7 8 s cacagQaacegasaa s Ste: Tol Univ Leaf Tob (3).. Univ Pipe & Rad. ... Util Pow & Lt A (e2) Vadasco Sales Corp Vanadium St (14) Va-Car Chem. 'ar Chem pf (7) Va Iron Coai & C pf.. 30, Vulean Det (4).... Vulcan Det pf (7)...130s Waldorf Systm (1%) 16 Walwortn Co (2). Ward Baking (A) Ward Baking (B) . Ward Baking pf (7). Wess O & Sn pf (4).. West Penn E1 A (1), West Penn EI pt (§). P E& Mpt(5).. 1108 White Motors (2). . Wh Rock M 8 (14%4). White SewingMach. White Sew Mach pf.. Wilson & Co pt ., Woolworth 12.40). Worthington Pump. . Worth Pump (A) (7) Wrigley (Wm) (4).. Yale & Towne (2). Yellow Truck....s YellowTruck pf. Youngs Spring (3).. Young Sh & Tube(5) Zenith Radio ire cash payments based on the latest cnnmm or half vearly declara. tions. IN FURTHER SELLING Domestic List Sells Off With Renewed Liquidation of Stocks. BY F. H. RICHARDSON. Special Dispateh to The Star. NEW YORK, October 14.—Domestic bonds were further depressed today un- der a moderate volume of forced sell- ing, with the continuation of the de- cline in stocks and the lack of bullish developments here and abroad over the week end. Foreign dollar bonds had an irregu- lar tone, some of the South Americans making small recoveries and others dropping slightly to new 1930 bottoms. German descriptions were again lower. Money rates were unchanged. Volume ‘was heavy. ‘At the opening the market had a large quantity of week end orders to absorb, most of them on the selling side. The result was a long list of de- clines. Later, however, high-grade do- mestic issues showed some signs of strength, many of them going to frac- tional advances. The offering to the public of $50,000.- 000 discount Treasury two-month bills at 1.75 per cent diverted some funds that might have contributed further to the firmness of prime issues. In the foreign department German government 5'zs were off 11 points and the reparations 7s ‘dropped ' frac- tionally to a new low. There were smaller declines in German municipal and industrials credits. Most other European issues remained unchanged in quiet P trading. Australian bonds were off another int to a new low. There is increas- ing nervousness here and in London about the Australian situation, and this was not helped by the British labor government’s firm refusal of the do- minions’ reciprocity agreement. Both United Kingdom 5%s and Irish 5s were lower also. In the South American group, with dozens of issues selling at or below 50, there was some sign of recovery, much of it attributable to sinking fund pur- chases by governments and municipali- ties In that region fortunate enough to cash. possess MORRIS PLAN BOOSTS COMMERCIAL LOANS Special Dispatch to The Star. NEW YORK, October 14.—The trend of “commercial’ borrowing toward an increased use of long-term, so-called in- dustrial loan is reflected in a survey of 17 repnnnunv. Morris Plan Banks and companies. In contrast to earlier Morris Plan operations where in loans to commercial organizations and business owners formed only a negligible percentage of the total loan volume, the analysis shows that approximately 24 per cent of the recent total volume in these 17 banks went directly into commercial and business channels. The 17 banks, representing all sec- tions of the country, reportea that out of a total of $14,900,000 advanced to the public over a period of 12 months $3,- 600,000, or 24 per cent, was obtained by small merchants and manufacturers, who found. it difficult to qualify for ac- eommodnlon at wlnmerclll banks. woo,ooo ORDER. Chalmers Manufacturing Co. has re- ceived an order from the West Virginia Hyro-Electric Co. for 10 power trans- formers, to cost approximately $500,000. Washmgton Stock Exchange SALES. Washington Gas 6s—$200 at 103, . Capital rraction—10 at 53, 10 at 52'3, 10 at 52, 10 at 52, 10 at 52, 10 at 517%. Potomac Electric 5)z% pfd—1 al 108 Washington Gas Light—10 at 125, 10 at 120, 30 at 125. Washington Kwy. & Electric pfd.—4 at 98%, 12 at 989, 10 at 98 Natfonal Savings & Irust Co.—10 at 500. Mergenthaler Linotype—10 at 91%, 10 at 91, Meréhanis' Transter & Storage com.— 10 at 105. AFTER CALL. Peoples Drug Stores pld.—10 at 100" Potomac Electric Cons. 55—$1,000 &t 10244, Bid and Asked Prices. BONDS. PUBLIC UTILITY. o inguon Cag o Ga Series A MISCELLANEOUS. Barber & Ross, In PUBLIC UTLITY. ! Amer. Tel. & Tel. (9) gepital fisction, Go, Wasn fwy. & miec. com. (1) Wash. Rwy. & ki, pld NATIONAL BANK. Capital (14) Commola, (170 | Second "(ve Washington '(13) TRUST COMPANY. | Amer. Security & Trust Co. (18) 28% | Continental Trust (6) s Bank & Trust (6). 4% | MRSV & Truse (120) 3% | prince Georges Bank & T | nion Trust (e Washington Loan & Trust (14). SAVINGS BANK. Bank of Bethesda (6§) Commerce & Savings (10} East Washingion (12). Eotomac (1 Security Savings & SeCUnh Siveer (13, United States (30) Washington Mechanics' 20} FIRE INSURANCE. American (12) Gorcoran (1 Rationa ol -rrru INSURANGE. Golumbia (6h) Real Estate (65 Bl &Iv. ‘Co "o MISCELLANEOUS. = - 2885 Bromo-Sel: UNITED STATES. (Sales are in $1.000.) Sales. High. Low. Close. L 122 1016 1014 1015 13 10212 10211 10211 78 103 14 108 11 10312 41029 1029 10 11228 11222 11222 FOREIGN. Sales. High, m- Close. 3 80 kil Arnnuno i%- o 89 Lib3%s. ... Lib st 4%s. Lib 4th 4% s US4Kss2. 1 Australia 4 Australia 58 '55. Australia 5 '67. Austria Ts "43. Bk of Chile 64 Bk of Chile 6% 61 Ratav Fet 4% 542 Belgium 6s ‘55 Relgium 6%s Belgium 7s '65 Bordeaux 6s '34. .. Brazil 6145 ‘26, Rrazil 614827, Brazil 7s. Brazil 85 '41. Bremen 78 '36. ada 6831, 1 Chin Gvt Rv 551, Christiana 6s'54... 1 Colombia_6s Jan 6 Con Pow Japan 7a. Copenhag 4%s Copenhag 58 '52. Czecho 85 1 Czecho 98 52 Dan Mun 8s Dan Mun 85 Denmark 4% Denmark 53 Denmark 6 A Dutch East 1 Nov. . Dutch East I 6547 Duteh East T 6x 62 I Salvador 8x *4 Finland 5%s ‘68 Finland 6s'45 Finland 7s 5 Fram I D T%s French 7549 French Gvt 7 108% 108% 93% 100% German Bank German 6%s ‘50 Gi Gen E178'45.. Greek 65 '63. Hait) 6352, Hol-Am ss f 65 Hungary T%s "44.. Irish Free St 5360 Italy 7 '51 Italy Pub Sv 4 Japaness Jugosl Bank 7s 'i'l Karstadt 43 Kreug & Toll b8 53 Lyons 6s ‘34 % Marseille 65 34 Mex 4sasstd 1 Mexico 53 A 45, Milan 6% ‘52 Montevideo \etherl.nd- Nord 6143 Norway bs NEW YORK, October 14 (#).—Allis | O Queenland 7s‘41.. Rhine West Sao Paulo 85 ‘36 Sao Paulo 83 ‘50 Saxon 7s 45 Seine 7842 Swiss Confed Toho EI Pow 6 '32 Toho El Pow 7s '55. Tokio bs ‘62 Tokio 5%s Utd King 5% '37 Uruguay 6s '60. Uruguay 8 Vienna 6s '62. Warsaw 7s 58, ... Yokohama 6s61. . MISG!LLAN!OUI. AbItDI P& P 5863 7 m, Ab& St 6%s 43 Adams Exp Allegheny 53 ‘44 Alleghany 63 *49. Allis-Chalm b Am Ag Ch 7%= "4 Am Chain 6s '33. .. Am Sug Ref 65°37. Am T&T ¢ ou- 9 Am T&T 5s s f'60. Am T&T 5%8°43. . Am W Wks 58 °34. . AmWrit Pap 6s 47, Arm & Co us-'u Arm Del 5%s'43. At Gulf 598 ' At Ref deb 53 '37. .. Rell Tel Pa 58 B 48 Bell Tel Pa 58 C 60 Beth-St p m 68 °36.. Beth St rf 5s "42 Bk Ed gn A 5549, . Cert-td deb 5% s '48 Chile Gop ab b Col G&F 5s M CCMd1strt Consum Pow 68 52 C Am Sug eol 8s ‘31 Denver Gas 63 '61.. Det Ed rf 6s B'40 Dodge Br col 40 Donner St 7a *42 Duquesne %8 '67. East C Sug T8 '37 Fisk Rub 8s 81, Gen Cable 5% Gen Motor 1. Gen St Can 614849’ Gen Thea Eq 68 '40 Good 18t 6158 47. . Goody'r Rub s ‘67. Humble O1) 6837, Hum O&R 6% MBTIstpfEsA. 111 Steel 4148 '40 Inland Steel 4 4 s'78 9% Int Cement 4 99 Int Hydro El 65 ‘44 97% Int Mateh 68 47.. 100% 100% i) 1029 +° 1 | Sou Bell T&T 5841 ire Direct to The Star Office Sates High. 1.ow. Close Lorillard 5%8°37., 6 93% 9834 93% LouG & Ei 58 52.. 78 106 “105 Man S 1st7%s 42. 32 McCormack 3 M0 S & O 6 26 Mont P b is A 62, Mont Pow 63 43 101% 101% 101% 104 i08% 104 104% 104% 104% 80% 80 804 100% 100% 100% 17 18% 16% 108% 108% 108% 114% 114% 114% 1021 102 10214 107 106% 107 110% 110% 110% 104% 104 104 107% 106'% 106% 1603 103 108 106% 105% 105% 102% 102% 102% 104% 104% 104% 103 NEng T 1st 68 52. NY Ed 15t 6%s 41 N Y Tel «‘/.- ‘39 N Y Tel 6s N ¥ Tel 6a 45, Nor Am Ed 5% 6 NorOT& L 6s°47. Nor St Pow 5a A ‘41 Nor St Pow 6s B "1 PacG & Elbs"43.. Pac T&T1st 58 '37. Pan-Am Pet 34. Paramount 6s *47. Pathe Exch 75 '3 Peoples'Gas 5s. 54 Phil G 105% 105% 105% 101% 101% 101% Phil Pet 51 Pillsb F M For R T am 68 Pos Tel & C 53 '53 83 Pub Sy @413 67 PubSv G 4 Pure Oll 5148 '37. Rem Arms 68 A 37. Rem R'd 5%s A 47 Richfi'd O cal Sincl O 6%s B Sincl O Tsev A 81% 81% 102% 101% 101% 103 102% 103 8% 98 98y 964 96U 96% 96 96% 964 B80% L79% 804 100% 100% 100% 102 101% 101% 101% 101 39. Solvay Am bs '42. . 106 104% 105 106 105% 105% 104% 104 104 100% 100 100% 99% 99% 991 7 107 106 106 101 100% 100% 99% 95 99 SW Bell T 53 A '64. StOll N J bs "4 StOfiN Y X Tenn Cop Tex Corp ev bs *44 1!( Utd Drug cv 5: U 8 Rublst bs 70% 70 0% 4 101 101 861 86% Warn Br Plc 6s 1% 73 T0 MARKET RAIDS Remedy for Wholesale Selling by Bears Is Sought by Officials. By the Associated Press. NEW YORK, October 14.—Agitation for caging the bears blooms like & hardy perennial in the valleys of stock market depression. Wall street, on a slim diet these days, has been considering the serious in- vestigation of the roots of this idea in search of sustinence. Perhaps, at last, it may be found useful as well as col- orful. Few, indeed, have been the occasions in the history of the stock market when restraints have been placed upon short- selling, for exchange officials have tri ditionally maintained that the short sale is an essential principle in the economics of an open market. Opposes Wholesale Raiding. President Whitney of the exchange, in explaining its attitude toward ti short sale, pointed out last week that the effects of bear drives are largely psychological. The bears’ bitterest ene- mies assert that in unsettled times it is this unfavorably psychological effect that is most damaging, that induces wholesale liquidation by worried in~ vestors and sends prices to levels de- structive of real values. Mr. Whitney made it clear that ex- change officlals are emphatically op- posed to bearish operations tending to demoralize the market and crush prices to artificial levels. With the general levels of share prices at the levels of three years ago, Wall street is wonder- Warn Quin 6539, . Warner Sug 7841 West El deb bs "44. 1% 1% }gg'& iol 104 05 105 West Un T 635 '36 108% 108 108 WEOG%8'37 ww. 3 1031 102% 103% Wick Spen 1st 7s'36 16 16 16 Wil-Ov 18t 6% 101 101 101 Wil & Co 15t 68°41. 42 100% 100% 100% WInRA7%s 102 102 102 YouSt& T 5s°7 102% 102% 102% AILROAD. 2 88% 88% 884 4 9% 94% 94k 48 9T% 97U 974 14 124 1224 122% 4 58 55% 56 3 96% 95% 95% 5 97% 96% 96% 64 98% 97U 98% 14 101% 101% 101% 7 107% 107% 107% 11 103% 103% 103% b 104% 104 104% 2 109% 109% 109% 6% 1 96% 96% 5 1047 104% 104% 4 88 881 881 191 91 -8 44 101% 100% 101% 101% 101% Ann Arbor 48 Atchison adj 4s ‘95 Atchison gen 48 '95 Atch'on cv 4 %8 41 B&O Swn dy 55 '50 B & O Toledo 45 ‘50 Ban & Aroos 4s ‘51 Bos & Me 65 1956 Bos & Me bs '67 Brooklyn Elec Bkiyn Elev 6% Bkiyn Man Bklyn Un E Bklyn Un 1s BR & Pitt 4%s 57, Can Nat 4%s°54... Can Nat 4348 '57. Can Nat 4%s3°68. .. n Nat 4155 *70. . Can Nat 65 July ‘69 Can Nat 58 Oct '69. 12 % 3% 93% 9 100% 99% 1004 6 99% 991 991 16 100% 100% 100 7 108% 104% 105 12 108% 106% 105% 8 105% 1047 1047 3 118% 118 118 9 112 111% 112 22 89% 89 89% 64 99% 98% 99 11 106%.105% 105% 964 96U 96U 17 104% 104% 104% 1 114% 114% 114% 66 100% 99% 100% 6 103% 103% 103 38 101 101% 101% 9 101% 100% 101% 5 104% 104% 104% i n Cent Pacific 5s C'n Ry NJ gn 58'87 Ches Corp §s ‘4 CB&Qgens’s CB&Q 1st rf b3 71. C B&Q 111dv 4549, Ch & East 11 bs ‘51 w sn Ch Gr West 45 '59. . 68% 69 Ch M&StP4s 89, 85% 85% Ch M&StP 4% s E, 96 96% Ch M&StP 4% ls 9% 994 Ch M St P&P 80 80% ChM&StPad) ll‘ 3% 38w Ch & NW gn 4587, 93 Ch & NW con 4%s. 5% ::u\ Ch & l\w rf 58 2037 105% 105% QELI&PItena €Y 4%8°60.. 88 95! ChRI&P4lsA.. 11 u:: 3: 1 93k 93y 931 1 103% 103% 1034 8 104% 104% 104% 1 100% 100% 100% 15 101% 10134 101% . 57 108% 10215 108 2103 103 103 4 107% 106% 1067% 110 Colo Sou 438 l “,P;% n 0 Cuba R R 5s ‘62, Cuba RRrf 714536 :&“ Cuba Nor 6% 42.. 40 Del & Hud rf 48 o 9 6% 6 101% 101% mm 6 loiv, 105' 106% :2 100% o son 96% 9 16 87 86 3?‘ Erie 53 1967, ., :txr :&ll Erie 55 1976 88% 88% Fla E Coast 53 '74, Fond 4G 43s 55 W b GrTrstdb 6 7 108! Gr Trunk 78 40 3 11132 H: }g: Gr Nor 4%s'76 (D) 2 100 100 100 Gr Nor 434877 (E) 66 99% 98% 99% Gr Nor 6s'13. . 1 105% 105% 105% Gr Nergen 7s. 23 111% 110% 110% Hud & M adj 32 80% 80 Hud & M rf 55 '67.. 10 100% 100 xggfi Illinois Cent 4s *51. 9% 974 52 93 934 895 1% 99% 3 104% 104% 104% 1 110% 110% 110% l lOBh 106% 106% 0% 7 111 Cent 55 ° 11l Cent 63%s Int Rap Tr 2 Iut Rap Tr 7s 32 Int & Gr Nor 68 ‘66. Int & Gr Nor Int & G N a Int Ry C A 63547, Towa Cen 1st 5538 Kan CFtS&M 45'36 Kan City Sou 38'50 Kan City Sou 63 ‘50 Kan City Ter 4860 19 95 Lake Shore Leh Val cv . Leh V cv 435 2003. Leh Val 58 2000 3 94% 95 - 15 100% 100% 100% 5 2w 92 92y, 8 102% 101% 102% 6101 101 101 5 97T 971 97 1 106% 105% 105% Manh Ry 1st45°90. 19 51 50 50% Market St 78 '40 3 91 91 91 3 100% 100% 100% 117 103% 101% 101% 1.9 90 90 td 4 9% 99 99 15 101% 101% 101% 7 93% 98 93 3 104% 104% 104% | % StL&SF4%s'78. 71 90 6 110% 110% 110% | Seal ing if prices are not already artificially low and if a plan will not yet be de- vised to tame rampant bears, 'l'he relative ilnporhlwe of bear raids about the latest crash in xhlre prices remains an open quefllon. but interests favoring a thorough-going bear roundup insist that the situation has been unnecessarily vated by reckless short selling, and assert that investors k:v'mml feel more m‘:e in hold- ing stocks, or increasing holdings, if they could be assured that destruc- tive influences were being eliminated. It has been pointed out that the ex- change, while not prohibiting the pub- lic from selling short, might restrain its own members from lendln( stock lm' Ihe purpose of short selling, which woul make the operation difficult. Bears argue that no restraints were Pl mental in inflation which resulf market crash last Autumn, but others believe that one extreme need not neces- sarily be followed by another, and that it cannot be argued that it is too late to efloru to achieve nce trading was resumed after e B s e i Pl upon sell- uu At thnt time trading wa. period to a strictl 1'11 and lll!l! last change called upon members for information disclosing the identity and extent of the short account, but clearly explained that it was not hibiting short sell- ing, and the information it obtained apparently was not very helpful in con- trolling the situation. Largest Stakes. After all, Wall Street's greatest stakes are always on the bull side and the only reascn that bears are not re- strained in unsettled times seems to be l.hn. a satis’actory means of restraint is lacking. rmore, w-n Street has always been mn:eguhtlun as eeanomle ms-nuy that only lu;h“gnm as are in a free et are real pru:e--um regulated prices are arti- cial prices. Mthoulh current stock may now be regarded as artifi Tow, .of~ ficials -~ of the stock exchange can scarcely be expected to the true values. If the exchange were to es- tablish precedent for restricting trad- lncmwhen grl‘lyc:n dwmt downward, u would proba a varying gro bulls clamoring for restrictions mucg of the time. If the exchange can find a satisfac- tory means of preventing extreme and unnecessary depression of prices, most observers believe it will have made a great step in economic progress. METAL MARKET. Nl'w YORK, October 14 (#).—Cop- uiet; electrolytic, nnd future, 10. on quiet; No. . Eastern Pennsylvania, 17.50a18.50 216.00; Alabama, 11.50a14.00. Tin weak; spot and nearby, 24.65; future, 24.85. Lead quiet; spot, New York, 5.10; lllt St. Louls, 4.95. Zinc easy; St. Louls, spot and future, 4.00, Anu- mony, 7.25. Quicksilver, 112.00. Sales. Hign. NYCreim5s2013. 5 101! xo’m w'l!« Y CLScl3%s'93. 7 84 NYC&StLdb4s'3l 2 100» \007. mou NY C&StL 4% 41 95% 95 NYC&StL6%sB 2 107% 107% 107VA NYCasStLés'sl, 2102 102 102 NTYC&StL6s'32. 10 102% 102% 102% NY NH & H 4555, . l 874 87U 8TW NY NH&H 433867 96l 964 NY NH&H cv db 6s ‘fl 121 120% 120% NY O&W 1st 4s 2 20 44w Nor Pacific 3s 20 69% 68% 68% Nor Pacific 4s°9' 96 964 954 0. 1101 101 101 2047, 8 113 1124 112% 5 94% 94% 94% 16 981 98% 984 6 102% 102% 102% 4 102 101% 102 40 99 98% 98% 8 110% 110% 110% 4 106% 104% 104% 18 110 109% 110 5 884 884 88Y 2 93% 93% 93% Pere Mar ¢%3 '8! 6 101% 101 101 | £nilippine RR 1 99% 99% 99% Port Ry bs u. 7 106% 106% 106% Por R L&P T%s8’46 8 107% 107% 107% Read gen 4% A'97 7 101% 101% 101% Reading 4%8 B... 20 1013 101% 101% 9 4 93k 931 934 RIAr&L 4 100% 100% 100% St L Ir M'nt 8 100% 100% 100% 14 99% 99% 99% 89% 904 StLSF 4%8'78 w.l. 44 904 89% 89% StL&SF prinbsB 13 101% 100% 101 StL & SFgnés'3l. 2 101% 101% 101% SILSWev4n'33.. 5 99% 99% 99% 2 109% 109% 109% 3. 27 29% 274 27% Seab'AILF16sA'S5 42 20 20 20a Sou Paccol 4s'49.. 4°95 95 95 Sou Pc ref 45'56.. 14 96% 9% 984 SouP4%s'69 ww. 32 99 Sou P&Or 4%s'77. 8 101% 1m 101'/. 56 7 88 87% 88 1109 109 109 1 111% 111% 111% 5E 94 94 Tex & Ark 5%s '60. Tex & Pac 63 B*17. 4 106% 106% 105% 1 101% 101% 101% ' : onit ot trading sese thao 109 shares TPartly extra iPius e e ed L per ‘cent In stotk §Payabie in serip 1 Raybestos Man 2 60, . JPRTAY lin W oo Al Reading Rwy (4)... o ™ Bhranie in cath o "svast t Flus 10 per cont 15 | 47%" Reading 2d pf (2) stotk & Plus l b B u tock Fius per k. cent 34% Real 8ilk (5). 1 Plus 3 pe el @ k 46% 18% Rem Rand (1 soc cent I ot %5 stock nul S e & "-'n.r':ml.-’ o Jus MONEY MARKET. per cent. Asking rates for bankers' bills NEW YORK, October 14 (P —The remained stationary. Demand and sup- Mu Call bl:wnmu. Inwhlnnd u Dex MIMM m‘ a2 l! S§555u3y K.Tlfll"l'l IK‘TDrInhlA. Mo Pac ges 7 98% 98y 98y inM M col tr 63 41 101% 101% 8 I.O’l Int Pap bs A 47, Tex & Pac55C*79. 40 102 101% 101% 1 49% 49% 49% 0 Int Pap 6s 56 "60. 22 28% 28K 28K It T&T4%s 62 . 84 994 98K 99 Int T&T cv 43 39 M 3 924 92% 9 IntT&Tba Mo Pacific s H ‘80 U Kan Gas&® 4343 B0 Mo Pac b%scv 49, 12 105% mm 10835 | Un Pac ¢%s et 4 tome 101 101 s Va Ry & P 3¢ 1102 102 102 Kend 5% Mont Tr ist6s 41. 1 99 ‘99 10 54% BI% 54% | Wabash 891 89% 103% 108% Nassau Elec 48°51., M5sA’36. 15 100 100 100 | Wabash 58.B " 9 PARIS, chber 14 UP} —A heavy tone 70 prevailed on the Bou: “v | san ‘Three per cent rznm francs 65 ), centimes. Five per cent loan, 101 francs g7 “m London, 123 francs 91 1 % on lon, centimes. The dollar was quoted at 25 ' francs 50% centimes. TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co ) § 955 | money BE g5 mer Iz r«nmu Storage nm Am. 1.201 40 39 19% 19 tge. gy . U. 8. TREASURY BALANCE. ,E{-‘"",_’.T'- The United States Treasury balance | i ‘et o5 announced today asof close of business | 3 l‘alodol\:.l D;:o. October 11, was $262,755,239.23. Cus- ' o Lautaro Nit 6s ‘54 1 (‘l: l:: toms receipts for the month to date were e 128% 123% 123% Total ordinary expendi- gu ijl 112 68% 69% 102 102 4 104% 104% Pt 145 YR I of mmmlmmncm womf.m‘mu-n-a u.u '!lan % extra.