Evening Star Newspaper, October 18, 1930, Page 12

FINANCIAL ONCOPPER |[ NEW YORK STOCK EXCHAN BONBS ARE LOWER ; Cox-sex vom BONDS swoc excumer] (LIVE STOCK PRICES Recelved by Private Wire Direct fo The Star Office. b to The Star NOUDAD TRAE s i e e ONFORODSELNG e~ (o5 ) BELRVED STABLE ~Prev.1930— a les— Prev. Sec Nat Inv pf (5)... B2 .50% 5501 High. I“'. uv:d‘::liu l’l.. High. Low. Close. Close Seneca Copper. 8 1% 1% 21 10217 10216 10217 | Pierce Oil deb 8 106 106 106 32 10314 10311 10314 106 105% 105% i bl ey e et s 2 T R d Weaki 3 1 10210 10210 10210 53, . 81 80 80 |g I Selling E ted enewe eakness in 1 10823 10823 10823 | Pub Sva ase-to.. & 100 102 102 | Seasonal Selling Expected to 1% 28% P . 111225 11225 11225 . # Shell Union Oll, . .. 10 Equities Results in In- Rt e 3| Prevent Any Advances - FOREIGN. Sincl O 6148 B 1024 101% 101% Shell Un 011 pt {54 3 S % Shubert Theate: 914 i # - Cleaw: | Sincl O s cv A '37. 102% 102% 102% Simmons Co. .. . creased Offerings. Argentine 5845, .. B84 S5 |sincicrosusas. 16 101% 101% 101% for the Present, Simms Petrol (1. 5% 62. 8 100% Sinclair Con Ol 12). 50 o X 95| ° Skelly O1l (2). y BY F. H. RICHARDSON. s 99% BY FRANK I. WELLER, 1 1d 2 92% 934 o e LS % | Speciat Dispatch to The Star. Argaati 92 o1% 91% i e B Associsted Press Parm Editor. Solvay Am pr ww 5% 214 108 | NEW: YORK, October 18.—Affected | xuttralia 438 '56. 2% 1045 104% 104% | Although every live stock price reces- Sou P Rie Sug (1.40) 10 1% 15 |Dby a renewed wave of forced liquidation ralia 58 F5. . 8 8% 104 103% 104 |sion in the last few weeks has been Sou P Ric Sug pf (8) 608 105% | resulting from margin calls overnighi | sugtralin 6s'57... 80% 80% | g on N ¢ Y 4%s 51, 100 100 |followed by a backward swing of the Southern Cal Ed (2). 23 491, | and by weakness in stocks, bond prices Austria7s*43..... 2 103% 103% | Tenn 11 P s A 47, 2 it Southern Pacific (6). 105% | moved lower throughout the list today. p 86 86 | Tex Corpev bs'e4 1 jo1 | Pendulum, it is becoming apparent that :omhnn Rwy (8)... & 72 The selling rmrdeddthe recovery that | Bk of Chile 2. "{ .’l}, o0 85 | Trans Oft 6348 11 1 109% | advances beyond the current level hard~ parks Withing (1). 27 12 |South American and other foriegn xpec ir's gpurl(i(a.......“ 2808 4 fl:un issues were m-kln'l.“.lm;mr ©ob- 55 ok 102% g‘:?-::f:l" i :g :I,q:l:ln:ne humh“;fim about .‘.: pencer Kellog(80c) 13 ations were freely offes at prices - D Spicer Mg pf (3).... 2 304 | from 1 to 2 points lower, and there was M |uanrear 101 | abridgment of recelpts. Spiegel-May-Stern. 10% | a_significant volume of liquidation of NeWe... 'S 108y | alworth €s,A '45. s It normal trends are followed, Stand Brands (1% 16% | high-grade railroad mortgages and the | Bel&ium 18 2. .- - 108%| Warn Br Pic8s '39. 80 % 8% | oceipts will continue to increase ..‘.:‘2& Stand Comm Tob 4 4 4 4 4 |better class public utilities and indus- | BEIKIIM BY . 574 | warnen Sug Tal41. 1 104'% 104% 104 | the middle of December. The market & rate 50 much cheaper per pound than ; e i 4% | For the moment the market disre- | BOTIA 88 45, 51 105% 5l 108y | normally il continue heavy urtl the erican es that it can nd O o . % 52% | gards s deve and con- TR b g tter part of the current month. made & most ";‘:ronume investment, ceee 4 Stand Ofl of Kan (2) 2 224 cem:: el puul;w-?{rrfn":chn?m Tac. | Brazil tm.:; 2;‘- YouSt&T5s'78.. 2 103% 103 103% “hd e Vearlings did mot sell Jiae 5 faost Brositable 4 81% Morris&Essex (3% ).2508 Stand Oil of N J (12) 5 5 3 % | Sorm At the opemiog’ large offerings Brazil 6%s 9 pliRt P e o sotively Tais wedk, the Teoent ¥, approximately 140,000 48% Morrell & Co (4.40).. 26% Stand Ol N ¥ (1.60). 264 26 26% 26%|all kinds of bonds brought initial prices | Braz oa AlaGrt S 3. 10 94% 94% 94% |boom in the trade giving away to” slow= acres e center of the Rhodesian| 2 % Mother Lode (20c).. Starrett (L 8) (123%) E 2 E 24% (down and this veiat | Bacams | Prous e oot e+ 97“ 61: 9615 | ness and slightly lower price levels. copper belt, is 50 rich in ore that cop- 314 ‘Motor Meter Q.6 . Sterling Seo (A). 5% | broader as the session progressed Canada §s731..... 100 | ey 3a 41 66 122 121% 121% | Buyers applied pressure at every tum can be produced and laid down . ¥ Motor Products (), Steri Sec pt (1.20)... 9 ocflor:fllctm( Teports (oo Bragil had |Canada ss°52..000 108% | 21 Darw uat. 524 52% 52%|and attempted to beat prices sharply Rew York City at considerably less than o3 Mullln® MEE. ..o 0 Stewart-Warner (2). ¢ effect, and while a%ew South Amer- | Chile 63760 . ’ 82| 4¢ C L 1st 4552, .. 95% 95% 951 |lower in instances. Smaller receipts 10 cents & pound. Selling at 10 cents 34 Munsingwear (14) Stone & Webster (4). $is | B ST a5 Bolivia 8s, Rio de | Chile s ‘61 80% | At er S0 10 101% 101% 101% | helped a little in the matter of hold~ & pound, this African company could 9% Murray (B)(2% stk) 4 Studebaker Corp (3 2 by Reseitbins oy gt b e el BT 0 o1 | ACC L 3w 04 14 10136 201N | B D 'the market; &8 did ‘the Tein- compete very favorably with Chile cop- 3% Myer (FE) & Br (2). Sun 01l (11). 4 52 o2 | e e A e O oey; | Chiristiana $3i84 9 99% | B& O 4a'48 om 91 97w | {8 AP e oportion Of good 0 per, now being brought into the Amer- 29% Nash Motors (4).... 4 Sun Oil pt (6) 106 e etivin 0y “Bragil "85 Sao|Colombia €sJan ' 3 B&Ocv4k%s o8 98 98 | NV (oL Cattle. | But good to choice ican market in large quantities. 7% Nat Acme (1%). Superneater ¢ 3 3Bu 35 | g R ok 0e and Santa Fg | SO0 Fow Japan Ta. 975 97% |B&O43s760...., 9 1014 101 101 |FAOVE BERE OO, P Fhad much to ‘There is only one difficulty in the 4% Nat Belia Hess . y Superior Ol % | 78, (‘;enmm ‘descriptions were quiet and Copenhag 5s'62. .. 98Y% 9 B &0 1st 5x 48 107% 107?. do with the general slowness that swept way of its future development on a vast 71 ‘Nat Biscult (13.30).. % Superior Steel. Y 8 | inchanged, with the exception of the| DAN Mun 8x A 46.. 108% B&Oref5s-95.... 20 103% 1034 1034 | ouer the trade, suggesting to many that scale, and that is American copper mine 32 NatCash Reg A (14) Sweets of Amer (1). g P! Dan Mun 8s B "46. . o 1088 B& 068D 2000.... 15 104% 104 well finished cattle have gone as high owners may persuade the Government 104 Nat Dairy (12) Symington (A).. Reparations 7s, off fractionally. Buro-| o0 0 (5.0 ¢z 93t o4 |B& 100 109 it 2e dotns: o & to put & duty of 5 or 6 cents & pound s (1 Tenn Cop & Ch (1 ’ pean credits moved downward, while| pllTCT, §l.g5 1004 B&o 103% 103t e 3 90 7 . s b Japanese obligation’s were fractionally by 5 101 1001 Steer Prices Decline. on copper imports in order to protect 9% Nat Dept St 1st (7).. Texas Corp (3 3 1 Denmark 6s *42. .. American copper production. 221, NatDist Products(2) ’ Tex Guit Sulph ¢ ) e s e i with stocks, | Dutch East 1Nov.. 10 103 % 102% 1/ e it There were by no means so many Should such a condition be brought| 33% 17% Nat Enam & Stamp.. 4 20 Texas & Pacific (5).. 2 A Toatire of this m“on"l"d th s . | Dutch East 165 2% | BEon an's cés.. 3 9;., 68 good to choice long yearMngs, but last about—and it is very ble because | 189% 116'% Nat Lead (18)...... 6 6 Texas I’ C & Oll 5 6 6 g o Allegh o l'l’“ 19:1'7.49 WiktAeasiwme b 18 et el et oo week’s stability and Monday's activity @ the yroving agltation’ for a protec, 144 1384 Nat Lead ot (A) (7). 1008 3 Texas I'ac Land 5 B o L | ialn s e . 1o 1% 911 91%)on heavies had the usual effect of tive on copper (on_the free list 30% Nat Pow & Lt (1)... 110 ¢% Thatcher ALg (1.60), 'x | and maturities. These bonds, | Finland &) . LA b G 108% 1085 Pringing in’ an_excessive run scaling now)—both African and South Ameri- 1s Nat Ry Mex 2d pf. % : while carrying & convertible feature, are | Tioiand & .2 yo Un E168°60. 5 103% 108% 103% | guer 1,200 pounds. Then the hammer~ can copper mines would be seriously 1. 464 Nat Steel (2).. 9 - chiefly regarded as collateral obliga- | ram I 0 . 1083 1061; | B R & it 4349 67, 924 92 9 ing started and as the week closed affected, not to say anything about the 854 Nat Supply (5).. 3 b gi¢ | tions, their security being deposited | Trench 10 U3, - o T | B i DL weighty steers were 25 cents or more great copper mines of Canada, just 64% Nat Surety (5) 5 % “ 65 - 3 g stocks of the various Van Sweringen | French Gvt 738’41 24 125% 125% 125% | can Nat 4348 67 100 99% down and yearlings had lost .25 cents + coming into big production. a (1). X e oS A il i railroads. The indenture provides that | Gelsenkirchen 6s'34 16 874 87% | Can Nat 434s "6 100 100 in most instances, although strictly Venesuelan OIl, Bros (1.60).. Y Thompson (J R) (3). 2 20%° a9« | the collateral behind each issue shall s 22 76% 751 | Can Nat 58 July 106% 105% choice kinds just about held their own. 3 M s bt e o gy , 1, | have at. least a market value of 150 per [ German Bank 6838 17 821, 82 | Can Nat 58 Oct '69. 105 105 ‘The general trend of the ‘Venezuela, the second largest oil pro- Tide Water As (6Uc) 105 | CeNt of the outstanding bonds it se- 2 82 82 |CanNor4%4s'35... 3 1024 102% was downward on all classes, with re- country in the world, is con- v 3 Tide Water As pf (6) T9u | cures. Owing to recent stock declines, z 1013 101% | Can Nor 3345 db'46 1 118% 118% tail trade less active and rather liberal a plan to cut oil [z Tide Wat Ol (pf (5). 85 & | holders of the bohds have shown some | Ger Gen El 78 "45. 964 Can South supplies in most coolers. Pork loins which are being followed in % 138 N Y Central (3).. 59 915 | fear that this margin will be breached. | rra1e g /52, 3 « | were sharply affected, losing about all ‘mid-continent_field. So far, little 88% N Y Chi & BLL (6). .. 8 89 o oo E Van. Sweringen 6s (1935) were off for % lc 4, .. they gained in last week's upturn. > Sons. b d..f' week's drastic price declirie in mflm. results have been obtained, 102% N Y Ch & St L pf (6). 9 Tob Prod (A) (80¢) i 50% | the same reason. ao¢| Can Pacific 4% s'60 . 10% B | <, e o e beon held by the "Blg Tour” 11 N 3 & Harlom (5).. 108 4 i clen 1) 1% ST 5 89% | Cant of Ga 6748 9" doing "the. early part of the week by 5 : o 48 T L ITER % 8 Transue&W (1). 1 o | Washington Stock Exchange § 97% | Cent Pacific 43'49. 7 96 96 )l‘(‘hug receipts. They were about 7,000 1 N Y Railwayspf 6 t TriCont Corpr, ' ] ase 4 ars | Cent Pacific 53 6 head less than & week ago on 11 prin- % N Y State Railway. % . Tri-Cont Corp pf (6). Vo e —— - 3% | C'n Ry NJ gn 5 114% 114% cipal markets, although this is the 110 N Y Steam 1stpf (7) 108 3 g 94% | Potomac Electric 6s 1953—$1,000 at 109. | ° b 81 | ChesCorpbs'47... 7 100 100 time of year when hog supplies usually 212% Norf & Western (10) 2 Ulen & Co (1.60) .. 19 | Washington Rwy. & Elec. pfd.—10 at 43.... 8 66 |Ch&Ogn 4%s'92, 103% 103% increase. The situation indicates there 5% NortiAm Avietion. . 17 ? Und-Ell-¥ischer (5). 65 983, 5 at 98%;. Kreug & Toll 58°59 23 9 94% | Ch& O 4%s A '93.. 101% 100% is no rushing of hogs to market be- 81% Nor Am (b10%stk).. 153 l.{niun l?ls& Paper. . 8 13% | Prince Georges Bank & Trust—25 at 30. Lyons 6s ‘34 . )5 105% | C & O con 55'39. 104% 104% cause of drought-deleted feed stocks so [ 51 North Amerpf (3).. 4 Union Carbide (2.60) 417 60%s | Mergenthaler Linotype—5 at 9114, 10 at | MArseille 6s ‘24, .. 5% 105% | C B & Q gen 4s 9% 9Tk far as numbers arriving at the mar- X 56% Northern Pacific (5). 11 HalodOn u Cal ($2)) 13 2 % 31 9115, 10 at 911 7 Milan 6% s '52. 101% 101% kets are concerned. The principal wart, president of the Pan- 42 Northwest Tel (3)... 108 4 5:::: 5:2::: ;}"(l‘ . 6 196 2% 192! 1:::« Ter. Ref. & Whrs. Corp.—10 at 47. Montevideo 78 °5: . 2 108% 108% 108% | effect of the drought is seen in the the leader in a plan to 22 Ohto ONCo (2)..... 112 22 Un Tank Car (1.60),. ' & £ g AFTER CALL. Netherlands 6s 72, 2 . _4,50 ;:v, g’h::r::‘kht ntp:c.m forming the lu!k 3 g Rl Utd Aireraft 3 3 34% | Prinée Georges Bank & Trust— i A % 25 at 30, z .| Chin& Lgn5s'56. 1 1013 g et o el e e % yua Alcoratepf 3).. 3 84 55| 25 at 30, 35 at 3. s - 1o e :sSl‘P 45 29. 251 "o / Advance Brings Offerings. Y i 3 3 38% & . “ Ct tP 4% s 89, 9% 9 some, however, the fact that more 3% Omnibuspt (A) (8)... o Bid and Asked Prices. Naswiygs dni. 100w | G Mese sy oa: % 9% To hot e Dach tnt ok 16% Otis Steel (23%) . 1 5% BONDS. Orfent dev 5% 911 | Ch& NW gn 3187 8% % | pounds downward showed up on the 37T Ow 11 Glass (3). > 52 PUBLIC UTILITY. Orfent dev 961% | Ch & NW gn 4s '87. 9216 Chicago market indicated a rupfi i ek kg 20% 21% . Asked Ch & NW 438 2037 to higher rather than to & 4% 484 Caclfic Gas & Kl (2), £ ; Utd Corp pf (3)....s 491, | Amer. Tel. & Tels e | il : 104% | Gh & N oo 9 on o $10.80 Femcbed O P e tom o e el K ’ 106 |chaN o H early last week brought forth numerous cific Mills. 178 129 Pacific Tel & Tel (1).170s Utd Fruit (4).. " giar. :::g of light wl.:::gldm:nmh 85, 145 116% Pac Tel & Tel pf (6).110s Utd Gas & Im (1.20). i G B rel. o 5 ... | Peru7sse Lo hich il 23% 9% Packard Motor (1).. 83 9% Utd Piece Dye W (2) 6 2414 | ity & Suburban s L 108 . e e el b e o eamAmBeteL . 3 ikl bl * . Botomac Bec. cons. . 6% 115% 115% 1158 market their 5% Parament Pabity w 195 - Potomac Elec. 65 1953 ; 4 5 L 2 104% 104% 104% | hogs without carrying them to exces- A0y Phrat nr = (4. 19 U S & For Secur..... 9% Wash?, Alex. & Mt. Ver 2 | cc 101 101 sive weights and finish, and that few 10 “:Park & Tiiford U 8 & For Sec pf (6). Sl Aies. 4 1 CCC&SL5sD'63 2 104% 104% are feeding to get the thick, lardy. S Hoftman (2). Queenland k 1021 | C U Ter 4%s 2020.. 14 1021 1021 10214 | heavy type. Ind Alcohol (17) Rhinelbe 7s 3 i Y 85% | Colo Sou 43¢s '80. 9815 981y y Demand for stocker and feeder cattle A4 et 80 |Cuba R R b: eee. 4 66 65 continues broad, and is making up, for Plos & F (2).. Wi ; $3 |CubaNorbi4s 42.. 33 45 42 scme of the deficiency e Really&1mp(3).. Rio de Tan 6348 '53. 56 | Det & Hud rf ¢s 43 pu earlier in the season. The feeder lamb SARMDERE o 5055 Rio de Jan 8s 7% | Del & Hud 534837 100 lgg:f movement continues on a fairly broad 9 9 Rubber 1st pf. . M. e 6! Wash. Gons Titie 68 S0 R Gr De Suls "4 i Smelt & Ref (1). Steel (7).... smcxs' Rome 6%s 52, U Tovaceo (4) t (PUBLIC UTILITY. Roy D 4s"45 wiw | Ve movebstmt. Fhe Yol 30 faf has U 8 Tobacco pf (7 fal “Co, : . : been that killers have been able to ste Univ Leaf T pt (8) 9 98 Was L. Co. 13 Erle 1st con 4s '9| i lin mtah'f,.x:u';m meaty end of ;oo Univ Pipe & 2% 2% | B; g : 82 | kirls conv 43 (B) y that would otherwise go to feeders. Util Pow & Lt A (e2) : Elec. g : 2 ’ b Trade. VadascoSalesCorp.. 2 1 Wath: Rwy: & B ohar ) "9’ | Serbs-Cr-S1 85 '62. % 891 : 5 The hmb'l‘n-de came in A Swed ° 3 89% 88 88 VR B st Swiss S it 1 111% 111% 111% | than its share of grief d Columbia (12} Swiss Confed 83 °40 23 106 | Fla E Coast 5574 37 36 36 d“:“ 2) se. distril | Commercial” (stamped) (10).. 238 3 Toho EI Pow 63 32 97% | Fond J&G 4348 '52 2% 2T 2T%| lox:efl:r.c:lnu tmom sheep and . Toho El Pow 7 '56. g Va £1 & Pow pt (6) 1 P agmeipe G10) - 368, 3% |Tokio s 52 i Qrrrscan - 11 106% 106% 106% | arrived at Chicago in which Waldorf Systm (1%) Ril e B a . 5 4 week's 53 i o ; Aher, Sécuriky ‘& Ty Go. (19). ~ arsaw 7s ‘58 0% aydgbB... 10 22 22 22 |standard of values and upset the dressed bid it s S O Gonuhental Trust (6] i 149 | Yokohama 9 |HavEIRy5%s'51. 1 42 42 trade momentarily. It a curative q o Warner Quinlan, 30 7 National Savings & Tr (12:)... 490 = 310 Hock Val4%s'99.. 5102 102 102 |dose of Tioht gt R g Warren Bros (3). i s:ntm‘- _?:“o'?elnuxamk & Trogs). 3 35 | Abitibl P & P 53 °53 h 74 :u::n ad) 63’57, 79 8% B only: o skl sign . War Bros ov pf ¢ Wahinton Loun & Trusi (i4). 36 | Allegheny 6s44... 11 901 90w Do [ HU&MITERET.. 9 son 9o Trom the week's dissipation s that ur- Tairen Fay S ¥ £N) 261 26% 26, SAVINGS BANK. oL O db 58 A 111 Cent 4% 3 rent prices seem to be headed upward Webster Eisen(new) 15 [ Bank ot Bethesda (6 3 Am F P 5382030 111 CCStL&N 55 A. While's week earlier the trade appeared w il & Snow (2) Commerce & Savings AmIGChb% Int Rap Tr bs d”mm'h“ top-heavy and ripe for & de- I East Washinglon (12) Am Metal 53834, Int Rap Tr sta ‘66. > ;enn A s Security Sav. & Com. Bik. B 500 bt i L a0 DL . A 4 th . t K e Western Datry & 6) 3 e o1 | BN e 30 L 4 100 | Int & Cr Nor 865 WEEKLY CLEARINGS. Western Dairy (B) ‘ ; 2 9 [0t &G N ad 63 '52. 5 - Bank clearings this week at Westen da’ (o |t o2 e Kan s o B T ! 5 an (10) e 5 5 {am 48'36 97% 97% |to Dun's Review, of $! 664, are Challenge. ) 1‘1,:::; % ¥ ,E‘:fi?fin'& hin* 1i5) : :m ;:}l“ ::‘ !“'L . Kan City Sou 5s '50 102% 102% 10215 | 33.4 per cent below those of last year. The demand of w&“"”&’“{’&%“;} 52 Purity Bakeries (). 3 1% 53%. 54 : £ TITLE INSURANCE. Am W Wk 5a°34. 4 e e e (B A fi'%‘m""m;i“"“'u;.&’r‘ dhat dent n Peder: ; : 3 - ,000, . o"-h:‘l*t-h:mb‘!:l‘m“ and financial I S 1% | Y : | e i £ e T gt 31;: 5 100 100% 100% | of & yvear ago, while the aggregate at Jeaders of the United States find a solu- sa g:::: 8::-‘::(4’!‘?)(!) . z;v.' . . % 5, Title & Inv. Co. Md." com s o v'"":%.""- 2 2% ;g'« leading centers outside of New York et o tate dire em of| 56 173 Radio-Keith-Orph A- 19% RO BN 1) - S R ARTE s i it i Mg & N Uniia ST o %;e‘z';:‘:imwged‘fm::“ clearings this umdmployment Of A support at. the 19% Raybestos Man 2 6 21% | o b b y Chevy Chase Dairy pid. Bell Tel Pa 55 C '60 kb g 101% 101% 101% | week some what as compared with the m' eeting of the American federa- 94 Reading Rwy (4).... 1 i 96 98% y il BTN Sol. Motical Blas, Oorp... Beth St p m 68 '36. ! %s 106 106 106 |earlier returns of this month, but the 17% Reading 20 pL (2).. ; ptin 2 3 ot Band & Gravel prd. (%) Beth Strf6s'42, .. Manh Ry 15t 45°90. 6 52% 51% 517% | same conditions preyailed in both pre- tion. © Bec, pid. Bk Ed gn A 6843 . MarketSt7s'40... 8. 90 90 99 |ceding years. In the corresnonding Iz, Cert-td deb 5%s "43 MER&L4%s'31, 100 |week of 1929, the exceptionally heavy 90 Industry Facing Competition| %3, af Mi'ER‘wen o i e 0% 2% Maracaibo Ofl Exp. . of Low Cost Producers 3% 261 Marine M1d (1.20) 30% 6 Marmon Motor Car.. in Foreign Lands 484 35 Marshall Fleld (3%) . 84 3 Martin Parry. 51% 32% Mathieson Alk: ) Dept Strs (n2)..8 BY JOHN F. SINCLAIR. Bpecial Dispatch to The Star. NEW YORK, October 18.—Many peo- | ple may wonder why an American com- Metro Gola bt 1.8 pany has acquired the controlling in- 9 Miami Copper...... terest in the Roan Antelope Mine in 43 Michigan Stl (h2%). Northern Rhodesia at a time when the| 33 18 MieContPet (1).... Prospects for copper prices are not en- 81 Midiand Steel pf (8). couraging. 6% Minn Moline Pow... The answer is that this company, 275‘: lnlkln;:‘!‘l‘ IT-:HI(-') @ o x . ‘Which has already put a million dollars 86 Mo Kan & Tex pf (1) in cash and expects to put several mil- 42 Missouri Pacifie. lons more into development, has a 100 Missouri Pac pf =5 ronE~Suanesmnivan~uall = e ol aSonumna | ) hang: Pathe Exchange (A) 9% Patino Min g 3% Peerless Motor Car.. 26% Penick & Ford (1)... 35% Penney (JC) (3) .. 933 Penney (JC) pf A (6) 4% Penn Dixie Cement. . 55% 26% Penn Dixie Cem pf. 86% 64% Penna RR (4).. 325 215 People’sGasCh (8). BEBeman ceecacace o LTy wotee o - w8RRa88atanRananns * a2 ) 21 Phillips Petrol (n2). 19 Pierce-Arrow (A)... % PlerceOfl........ 21 Plesce Petrolm(10c). 27 Pilisbury Flour (2). 72 Pittsburgh Coal pf.. 151 PitFW&Cpf(7).. 98% Pitts Steel pf (7).... 9% Pittsburgh Unit Corg 19 Pittston Co (75¢).... 19 Poor &Co (B) (2 15% PR Am Tob A (3% .4 PRAmTob(B) 22 Prairie Ol & Ga: ) 27% Prairie Pipe L (15).. 4% Pressed Steel Car 52% Proct & Gamb (. 4% Prod & Refiner: . £1% PubSvNJ (340). . 100 91% PubSv NJpf (5), 133 121 PubSvNJpf(7) 158 143 PubSvNJpf(8). 89% 55% Pullman Corp (4). 1 Punta AlegreSuga: % Punta Alegre 8 cff: = Suan aRpanSnlaatanatnd sdz = SuEve b L i % 34% Real Silk (5)..,..... 13 37 White SewingMach. . 1 ; o c . e e ,w:um per- 8% Reo Motor Car . sons in the United ~States ing 61 Wiison & Co... work and yet with no work to do,” says 1 Wilson & Co (A). J- by e 2% Wilson & Co pt p : ‘Labor's solution of the problem pro- Reynolds Tob A (3). : WOOIWOFth (2.40) .. v 7 | Nail Tovo P, : ConGN Y 5% vides for a reduction in the hours of| Reynolds Tob B (3). Worthington Pump.. 4! 3 C Am Sug col 8 » , establishment of a Nation-wi 7% Richfield Ofl (new). ‘ % | Worth Pump (A) ( 4 e Edison 53 '40. of unemgloyment exchanges, #% Rio Grande Oil. ... B % Wrigley (Wm) (4).. . Corp. Dodge Br col '40 tion of industry, efficient man- ossia Insur (2.20). . Yale & Towne (2). 3 | W “Mech i Donner St 75 *4 t in W"m;fi%:’r: v“:lekg‘- 43 Royal Dutch a3.2165. Yellow Truck.. 3 . Bidg. Cor; * | Duquesne %8s '67 juate records of 3 . 37 QR Sy b0 e N g 1 Safoway of (60 e, 80 % 4 0" Youns Sh A Tubes) S8 ' 88 A% 907 |redviend 317 extr EastCBug 1%8°31 ment and & study o P 097 £ (7). 100 130 120 Ygstwn S&Tctfs(5). 1120 120 120 2 S 337 extrs "M.;n X a committee representing | e i 29 ©16% 3% Zenith Radlo. . 4 oau ?m :‘f‘::: XE,"? :-;:‘r:é Gen St Canbinir panized Jabor vil meet Presgent | 108 35 5750 PR oy L IR 4 SRS SO I e Good 1stesee 1 AR 1'"-2""-‘;” ol seab e e 4 . HOB% bunts of traging less than 100 sn tPartly | Unlisted Department. Goody'r Rub 6 '57. committee be appointed to put inf A 4% Schulte Retail 8 e it Irarants i curie Th i Pogr— el Humnuoun'xz’.. Chile Cop db bs '47, 13 M StP&SSM con 48 90 transactions in .the stock market M StP&SSM 5s '3 15 931 931 | Swelled settlements through the banks M StP&SSM 63s.. 13 101% 101% 1015 | {ar beyond any preceeding record and MK&T 1st 45 1 91% 911 91y |bank clearings a year ago were close 1 93% 93% 93y | to the highest report even at that time. % 981 98y 98y The declines for October ‘his vear in 12 98% 97% 971 consequence are exceptionally 17 104% 104% 104% |and this applies to practically every 2 71 764 764 oy reporting. : 2 99% 99% 99% | Clearings for the week, as reported to 2100 100 100 |R. G. Dun & Co, and average daily 0 11 99% 99% 9% |bank cledrings for the last three MoPacb%scv’4d. 10 14 104 104 |months, are compared herewith: Nassau Elec 4551, 16 54% 54w 54% o5t 16 Tus0. 2 974 9T 974 |Boston .. 3415.600,000 LI T b L 14 97 = 96% 97 |Ppittshurgh 1 100% 100% 100% | Buffalo 4102 102 102 30 107% 107% 107% 99 99 :5; 28ET 2t 35! 885E3! ~3Sa - N BERESmma— RN B mediate effect plans to. relieve the 35 Schulte Retail pf (3) R VR R P RE T Y FO: Asked, | Hum O&R 63 distress. . H Y 1% Seaboard Air Line n eal Payable in 1Pl Army»ma Club Ss 4 < | 111 St 4 The situstion this Winter will call H 2 k g Plus 6 Soe nt 1n Gosmos Clup ¢1ue 11 Stea 43w d0. for relief measures in every part of the | G0, % %o afock. h Blus b per cent fa stock. b Flus. $0s Gents. 1 | Metropolitan Club '41a Int Bydr E1 65 country. Plans are already under way| o3 4% Second Natl Inv.. Dpreferred stock. r Subject to spproval of stockholders. Int Mateh 58 7 2102 102 102 in many cities. R I e & g In'M M col tr a4 “It is not the unemployment figui b ‘hapin Sacks S Int Pan 53 A “ Y NH&H 4%s 16 96'% 96% 96% that 1 am interested in, but the fact uring the last 10 years, i 25 2D 58 A °47. NY NH&H 3 119% 119% 119% | that the morale of a laborer who wants OUTPUT OF LU“BER the equalizing of production and de- NEW YORK COTTON bl 8% NY O&W 1ot en 02 2 l}:x';: I:a:«’ l}:u/:'on work and can't find it sinks lower each mand for lumber should within two| NEW YORK, October 18 (Special).— | SiPegiicut, Pie C . . NY Wa&B4%s'46.. 13 88 87 87 month. Any man who wants to mork| - SHARPLY OURTAII.ED months thereafter be reflected In 81| g oioiion in cotton were confined | District Tyie Tnsurance ‘| e T & T 5 B! NorfSouth 5s'41.. 3 44% 44k 44% ld be given work of some kind, i increase in general wholesale lumber 8. .., . Nor & W & 3 9Ty 961 9Tia | Hwa b Drices. . Assufing that current lumber | Within lmits of 10 points today and | Munsey Trist: Co s ashi e o i i T R TR indust or by the State,” | mon:,ol Ame'fifg..‘ largest employers | continue to be limited | the market continued to resist unset- Lac G St L 6s 34 Nor Pacific 48°97.. 10 95% 95% 95% of labor to me this weel {Industry Is Adjusting Production | to current demand, the assoclation fore- | 4o otside influences. H . i B Lackaw St 53 '50. .. S Nor Pacri6s2047. 12 112% 112 um" casts a firming r prices before Lai B4 es bt leaders shodld, Bave T O oward trend in| Though weakness in stocks continued, | ¥ suranc . u:-:rn:y':‘r'.'-:'- . " 180 12808 2 3 S came 1ed this polnt of view. : to Demand—Price Gain prices before the end of the year. cotton prices here and in New Orleans | Woo e E B SR TN Loew's 63 ex war. . 1 98% 981 981 Uhborieth 1908,y JIpEiD, oariods Mews- Is See . resisted pressure and the list ended 2 2 . £ m. 55 e e | : BUSINESS FAILURES. points lower to 2 points higher on the| GENERAL MOTORS DIVIDEND, | joriiard bs 61 . 7 10w T toim | Lo oz somd ' day. Spots were advanced 5 points 5 5 NEW YORK BANK STOCKS | 5, tne assoctates press By the Associated Press. 2 NEW YORK, October 18 (#)—Alfred | Lorillard 7s ‘44 78 98N 981 98N RE, October 18 (P —Over- | The manner in which the grest in- | =Business failures incressed during the Cotton : Tiotors: shids in Eeoly 10, an MGy 10 | sam & 1at 1900 -4 i 13 1300 110 11008 NEW YORK, t - 1 October 11, as compared ¥ . Low. Close. | day that “there is no basis for concern :‘nl‘ns!ll:!‘;‘%. . 3 130:’ 3 5 101 101 101 s . " }:;N over the safe Mor & Co 0 80 od 14 101 101 101 i 99% 99% 2 lg:% lg:fi l;“,fi S 1o Nat Rad 6%8°47... 16% " 4 % ; ; tion N Y Ed 1st 63841 1t 114 | £ 8GN S Ak Wit ; 118% 118% 1 » s 222222227 = 8|88 SR RRRR AR RN TN RAANANR tion, which forecasts the lumber demand : i for the four weeks ending Noyember 1,| Week ended October 11, 116.3; pre- |\aic n“:iu will be almost exuctly same w week, 109.8; same week last year, as the expected production, 1 S o ; the corre: iod of 19, 8 ~ S 2 Nor Am Ed §% A t 5 93% 93u 93% 2 . NorOT&L 107 |RIAr&L4% 21 101 100% 100% 98% 98N Teports. mdicae i Tde porveum m 10| INVESTMENT TRUSTS |ReroFaiestst, #im iar iof JRTArandinac ai il sams 1o Groieiatny = barrel, with $1.490| NEW YORK, Ottober 18 (#).—Over- | Nor St Pow 638 ‘41 1 S IM REG 4833 Va Ry 1sts'62... 14 107% 107% 107% week. Oil, Paint & Drug | the-counter market. PacG & EI 6842 102 102% [StL&SFin4sA. 35 2 ' Wabash 4 2 89% 89% 894 8 NY ELH&P 48’4 i l:;t maz ;"‘ Ry b8 "42 6 105% 105',‘ 105% 93 93 102 10z | ESRIENENNNNER,, 3 10T 107 10T% &, :onlls‘: }3& 49 49, are wil fiel the preceding Reporter says. The average for the Pac TAT1st 68 '37. 104%, 104% | StL &S F %87 . 10 period Indepandsics mg‘!‘r.‘l- 2. 10 106% 106% 106%|StL S W 1st 45'89. 9% 89% 891 1: 1:& 1’0’ 13?3‘ reéfineries ”“‘f . . 17 85% 85 k] " corresponding last SR h i w S at 6.52 & gallon at m% ek : 3 101% 101% 101% 3 BA% Bd% 84% 2 08% 08% OB, 1 .109% 109% 109% W