Evening Star Newspaper, October 21, 1930, Page 14

CHAINSTORE SALE - VOLUME INCREASES|_ September Figures Show Total of $260,694,183; Gain Continued in October. Bpecial Dispatch to The. Star. NEW YORK, October 21.—September chain store sales recorded a marked change in the monthly trend and also a gratifying improvement in volume, according to a survey of results of 50 reporting companies issued by E. A. Plerce & Co. This group represents & cross-section of chain store npenum in this country both as class of business and mphlcnl location. ‘The showing for S!’Ptgmhel' is signifi- cant for two important reasons—first, it was the first evidence of improve- ment in the monthly sales trend since April this year, and, second, it came in the face of a mm"ih" decline in the commodity price lex. "The {act tnat business in September, with four snturdxy;l. w-;; ';:ea.::l;: ‘tm business, which Aw five Saturdays, and eonfluzrl.n( of many com- modities were lmr last month, lends itself to the interpretation either that people bought more freely or that the chains recelved a great deal of busi- ness from new sources. Support to this theory is given by the Snforml- tion on September employment and wages recently published by the Bu- ruu of Labor Statistics. This bureau rted that returns from 40,775 es- tl lishments in 13 major industrial indicate an increase in Septem- m compared with August, of 1 per cent in employment and 1.4 per cent lis. Sel ‘were 3 = W'Tfll l257.590.1!8 in 30, and uas,sez.zw in September, ‘The decrease in Se] 1,22 with 1929, was 1.83 per cent. 'mul business done by the same in August was 3,66 per cent below August, 1929. This rison is not influenced either way the Sumnuy factor, September this year and last year each having four Satur- dlyl, ‘while t.he August months had five Saturdays eac] ‘The cumuh!lve total sales for the nine months ended Bep‘t;mber :olmn, ‘were $2,457,339,488, an increase of wlg;x’:t over the corresponding period Betterment in All Lines. improvement in chain store Mne. last month was not line, but extended, in panies, ich decline of 6.42 per Ccent mto & increase of 6.24 per cent. re- g 8| ‘The combined - per cent, compared with 7.58 in August. EulERRSE i § I 128 118% Otis Elev pf (6) 31 k¢ ~Prev.1930- gh. Lo 45% 81% FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. (Continued From Page 13). Stock and Dividend Rate. Link Belt (2.60). 45% Liquid Carbonic 424 Loew’s Inc (3). 3 LoftiIne... 7 Long Bell Lu (A 50% Loose-Wiles (+2.90). 14'% Lorillard (P) Co. 4% Louisiana Ofl. . 30% LouG&E (A) 1%) 14% Ludlum Steel. . SE-m s DIT-ISIVETRPIRE £ fope 20% Magma Copper (3) 10 Mandel Brother: 24 Man Blev mod g (d8) 46% Manhat Elev gtd (7) 110s 9 Manhat Shirt (1).... 2 Maracaibo Ofl Exp. . 26% Marine Mid (1.20)... 26% Marlin-Rock (15%). 5% Marmon Motor Car.. 35 erllllll Fleld (23%) 3 Martin PAITY......00 32% Mathieson Alkall (2) 115 Mathieson pf (7).... 2 M SraaenBen L IS 13% Mexican Seaboard. 9 Miami Copper. .. 41% Michigan Stl (h:%). 18 Mid-Cont (@). 19% Midland Si 80 Midland § 614 Minn Moline Pow... 261 Mo Kan & Tex (3)... 86 Mo Kan & Tex pf (7) 42 Missouri Pacific.... 100 ‘Missouri Pac pf (5) 14 Mohawk Carpet. ... 25 Monsanto Ch (g1%). 21% Montgom Ward (3).. 487% Morrell & Co (4.40).. % Mother Lode (20c).. 1% Motor Meter G & El.. 29 ' Motor Products (2).. 15% Motor Wheel (3). 8 Mullins Mfg... . 88% Mullins Mfg pf (7).. 9% Murray (B) (2% stk) 385% Myer (FE) & Br (2).. 29% Nash Motors (4). ¢ - T e =L > = & « XY I Terae A% la 71 Nat Bllcnlt (fl 30) 142% Nat Biscuit pf (7)... 30 NatCash Reg A ('() o oSannnIinSan 192% 135% N Y Central (8) 144 881 NYChi&StL (6)... % 100 » 1 ll'l 110 N Y Steam 1st nf (‘l) 108 265 . 212% Norf & Western (10) 56% Northern Pacific (5). % Norwalk Tire & Rub. 22 Ohip Ol Co (2)...... 5 Oliver Farm Equip. . 8 Oliver Farm Eqcv pt 29% Oppenhelm Col (3).+ 0% 55 Otis Elevn (2%). PP T EY g =3 8% 16% Otls Steel (2%) 4% 53 OutletCo (4).. ¥ 60% 37 OwenslllGlass ll) . 19% 10 Pacific Coast2d pf... 74% 47% Pacific Gas & El (2).. 107% 64 Pacifio Lighting (3). 178 129 Pacific Tel & Tel (7). 23% L3 Grant, Newberry, Dru( Lerner, Lane Bry- |- in mw‘ in ase f ,'n;" cent. crease o Seventeen chains had smaller de- 3 or by direct inqulry, Whichy spdxcm- that Oc- of many chain store con- cerns, ln such basic F. W. Wool'onh for eumpu, Te- that since the beginning of Oc- the Chk:l‘o district has joined the ranks of those sections which last month started on the upgrade with sales gains by old stores over 1929 after losses in ber. Other répresentative companies which the Plerce firm personally interviewed that results for the first two weeks in October bore exidence that the sales of September is being mainf and in some cases quick- i, JAPAN’S TEXTILE TRADE IS GROWING RAPIDLY ‘The growing domination By Japan of the world's cotton textile markets, as reported by Charles K. Moser, chief of the Far East section of the United States Bureau of Foreign and Domestic | Commerce, is given emphasis by a com- | parison of the latest official figures cov- ering the respective cotton textile ex- l;ohm of American and Japanese mills. ese figures show that Japan's cotton textile exports are now at . nu a) ximating four times ? the ted States. The Moser report, which followed a special investigation of the Oriental textile ::Idl;mtry’ and mlrkfll‘ for ‘:he m anufacturing Co. of Boston, for Mr. Moser was detached tma. nu Department of Commerce, states: “Far Eastern markets in future will be more and more dominated by the cotton textile output of Far Eastern countries. American 'and European mills are likely to find competition with t.hem even more severe than in the past. 914 Packard Motor (1).. 47% Pan-Am Petrol (B) 3% Panhandle P & R. 46% Param'nt Publix (4). 10 Park & Tilford. 1% Park Utah... 4% Parmelee Tran (606) 2% Pathe Exchange...., 5 Pathe Exchange (A). 9% Patino Mines........ 3% Peerless Motor Car. 26% Penick & Ford (1) 85% Penney (JC) (3) . 4% Penn Dixie Cement. ., 25% Penn Dixie Cem pf.. 64% Penna RR (4). . 31% Peop Drug Strs (1). 212 People's GasCh (8).. 122 Pere Marquette (18). 1 PRSPPRRY 1= § o mas e 11% Phila Read C& 1. 8% Philip Korrll&Co(l) 21 Phillips Petrol (n2).. 3% PlerceOll........ 214 Pierce Petrolm(10c). 27 . 371 Pirelll Italy (23.14) 33% Pittsburgh Coal..... 75 Pittsburgh Coal pf.. PittF W&Cpf (7).. 50- 2 281 Pitts Term Cpf.....100s 9 Pittsburgh Unit Cory 2 Pittston Co (76¢). ... 22 Prairie O1l &Gas (l) 27% Prairie Pipe L (15).. 44 Pressed Steel Car, .. 52% Proct & Gamb (2.40) 4% Prod & Refine: 25% Prod & Refine: 80% PubSv NJ (3.40) 91% Pub Sv N J pf (5) 106% Pub 8v N J pf (6) 148 PubSvNJ pf (8) 3 ,m_a§.=_..,:s © & 106 Pure Ofl pf (8 52 Purity Bake: 20% Radio Corp, 54% Radio Corp (B) (l).. 17% Radio-Keith-Orph A. 8% Reo Motor Car (loe) . Republic Steel. Republic Steel f (6) Revere Copper & Br. Reynolds Metals (2). Reynolds Spring. ... Reynolds Tob A (3). 44 Reynolds Tob B (3). 7% Richfield Oil (new).. 1 20s 18 18 % 16'/. i14% 6% 32% 1 4B% 434 44 109% 106% 107 21 204 204 ™ 7 51% 5% 30% 14% 24 46 83% 17% ke 35% 10% 10 34 bd% Stu 10:30 A M. 6% ™ TUESDAY, OCTOBER 21, 1930. f FINANCIAL. BONDS IRREGULAR | C==v son BONDS IN NARROW RANGE | Brazilian Group Sold on Ex- St L-San Fran pf Savage Arms (2) & Dohm sn-nuek(ra)(fl%) Shell Union Oil Shell Un Oil'pt (5%) Simmons Co. . Sinclair Con Ofl u). Skelly Ol (2)... Snider Packing pf... Solvay Am pr ww 5% Sou P Ric Sug (1.40) Southern Cal Ed (2). Southern Pacifie (6). Sparks Withing (l) . Spear & Co. Spicer M1g. Stand Brands (1%4).. Stand G & B (3%)... Stand G & Bl ptf (7).. Stand Invest Corp... Stand O of Cal (2%). Stand Oi1 Exp p# (5). Stand Ofl of Kan (2) Stand Oil of N J (12) Stand Ol N Y (1.60). Starrett (L 8) (12%) Sterling Sec (A).... Ster] Sec pf (120) Sterl Seccv pf (3)... Stewart-Warner (2). Stone & Webster (4). aker Corp (3). Studebaker Co pt (T) 1008 Submarine Boat. 2 Sun Oil (11).. Sun O11 pf (6)+..4...100 Superheater (13%).. Superior Ofl. Superior Steel. Sweets of Amér (1).. Symington (A). Telautograph (11.40) ‘Tenn Cop & Ch (1)... Texas Corp (3)...... Tex Gulf Sulph (4).. ‘Texas & Pacific (5).. 2 Texas PC&OIll..... ‘Texas Pac Land Tr.. Thatcher Mfg (1. CO). 5 The Fair (2.40) 3 ‘The Fair pf (7). Thermold Co...cooee 2 Thompson (JR) (3). 3 Tide Water As (60c) 37 Tide Water Aspf (6) 2 Timken Det Ax (30c) 5 ‘Timken Roller (3)... Tobacco Products. .. 1 7% Tob Prod (A) (80c).. 3 Transamerica (1)... lSZ ‘Transue &W (1) Trico Prod (23%) :::r!-Cont Corp... 'ri-Cont cqrn Truscon St1'(1.20).. 3 Twin City RTr (§4h. 2 Und-Ell-Fischer (8). 5 Union Bag & Paper. . Union Carbide (2.¢ Ill) l'“ Union Ol of Cal (32) Union Pacifie (10)... Union Pacific pf “ 81 26 10 70 30s 25 o of (6). 25 12 Utd Gas & Im (1.20). 2‘)1 Utd Gas & Im pf (5). 4 Utd Paperboard..... 3 102% 103% 25% % 23‘/ 107 6% 6w ind Alcohol (17) ther......... calty&Imp(3) .. ubber. . Univ Leat Tob (3). .. Univ Pipe & Rad. Utll Pow & Lt A (e2) % Vadasco Sales Corp.. ‘Vanadium Corp (3 35t Va-Car Chem. .. Va Iron Coal & C pf. . 20. Vulean Det (4).. ‘Wabash pf (A) (5) 2 Waldorf Systm (1%) 1 Ward Baking (A)... lzo- Ward Baking (B) . Ward Baking pt (7). Warner Bros Piet, Warner Quinlan, Warren Bros (3) Warren Fdy & P Webster Elun(now) Wess Oil & Snow (2) Wess 0 & n of (4) 3708 West Penn Pw pf (6) sn- an Penn P of (7)., 208 Western Dairy A (4) Western Dairy (B) Western Md. .. ern Pacific. ern Pacific pf, Western Union (8) Westingh'se A B (2). Westing B& M (5).. 716 West E & M pt (5).. 7508 Weston El Instr (1).. Westvaco Chlor (2).. White Motors (2).... Wh Rock M 8 (t4%). White SewingMach. . Wileox Oll & Gas Willys-Overland. , Willys-Over pf (7) Wilson & Co (A) Wilson & Co pf Woolworth (2.40). Worthington Pump. . Worth Pump(B) (6). Wrigley (Wm) (4)., Yellow Truck. Youngs Spring Sales of Stocks on New York Exchange 19 1 18 2 Py reBRssaaneana 1 19% 285,900 12:00 Noon. 3 +++-1.586,600 32:10 P.M.. Dividend b S FLe, In, the above ta ummmd&!‘n bhfllulfl-tb Japan’s cotton textile indugtry is the ' most financially sound lnd%m‘reulvg industry in that country today. Its prosperity probably exceeds that of the ‘cotton industry in any country. In u!e first eight months of 1930 exports of cotton textiles fed to 289,793,937 square yards. square yards e first. eight months of 1929. In the first six months of 1930 Japan's by comparison, amounted to 815,644,000 square yards. i — NEW PLANT IN OPERATION. BALTIMORE, October 21 (Special). ~—The new interlocking pln:}nn Lin- ey lly higher in Monday's R-lfl'l! lenerl ly { hubeenp'::‘lnopfi;t , W] u&op;nudlumnuull! the approach of are at the sides of the ummmumm red when a train [ Mu.pm-g ou-mu- the CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS Following is a summary of ation news prej Statistics Co., Associated Press. f importan! hy the Stand- ,» New York, for News Trend. ity and security prices vere tock market quotations blinker warning nn a moderate turnover. The index o! rices of 90 repruentnlve stocks gained t duris sassion. All ..'nfif-?&"m n‘nh-ndln'.hnn- ufin nhhmum aunm Department of Commerce. Total is 0.9 per cent below August output and 46.2 per cent less than in 1929 month. Nine months’ output was 3,066,513 vehicles llll.nn 4,874,676 in 1929 perlod. reduc- tion 37 per cent. Corporation news includes another hmnwgol third-quarter emunnmn tograph Ourponl.lon':"nn her are Telau- aldorf Sys- t |tem. - Cream of Wheat reported higher returns for nine months, but third- qmm lhowmg'lu moderately below & year ago. tantially lowér returns were shown by Bayuk Cigar, Chicago Pneumatic Tool, Granby Consolidated Mining & Smelting and Interlake Iron. Dividend announcements of importance were declaration bank payment on pre- ferred shares Ne' River lnfi omission stock disbursement by U. Stockholders of swu uowr Car are vote on phn of recapitalization (or uuz R Foremost Fal hl 1,300 h““mlfl 80 cents common share, against $2.65 yur ago; nine months, $2.59, against $6.’ Brlllllln Tracton, Light & Power mber new, amortization, months, up 0.5 per cen over year I‘o Ohlfllo Pnflmth: ‘Tool third cents preferred lgllnlt $1.83 {nr 2go; nine monuu 39, against Cream of Wheat third quarter earn- ings, 65 cents common share, against 69 cents in 1929 period; nine months, $2.14, against $2.12. Crown Zellerbach Corporation report- eferred dividend needs were cov- e twice over in five months ended September 30. Cunu Publishing third quarter earn- gs, $1.31 common share, against $1.73 ln 1929 .pse‘r\od, nine months, $6.39, Cgp;rmnmw Mmmm before deyreclltlon and | M off 1.6 nine | B84 tension of Moratorium by Government. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, October 21.—Bond trad- today had an uncertain tone, with e flucm-uom indeterminate and featureless. The extension of the Brazilian bank- ing moratorium to November 30 was not unexpected by the market, but it nevertheless caused fresh nervousness regarding Brazilian bonds and trading in these reflected it. ‘The probability of a debt moratorium for Germany was a factor in further weakness in German securities, chiefly the Government 5':s, which had a fractional decline. Dealers have been exercised over what they term the un- warranted selling of these bonds on the misapprehension that they will be in- cluded in the debt moratorium when, as & matter of fact, a suspension of reparations payments should help the bonds. Otherwise the news from Ger- mary was good, the Berlin market running stronger on a wave of renewed optimism. German Central Bank 6s, United Steel Works 612s and other Ger- man industrial credits were higher. Money. rates were unchanged. Vol- ume was lower than on Monday. Prime public utility issues were strong, but industrials had a lower trend. Na- tional Dairy Products 5'4s and Armour of Delaware 51.s were lower. American & Foreign Power 5s ranged fnctlonnlly better, paralleling a movement upward in the company's common stock. Con- vertibles were quiet. The domestic market was chiefly con- erned about the earnings of the nu- iting renewed decreases. s.lnoe lity of many heretofore unques- issues has been doubted under exl.sttnl conditions, many of them' have been driven to new low levels for the year. This tendency was exemplified today in new low levels tor Chicago & Eastern Illinois, 5s, Chicago Great Western 4s, St. Paul ld,hutmenu, some Junior obligations of the Chicago & Northwestern, Missouri Pacific 4s and 5%5s, Frisco 4l¢s and Western Mary- land 4s. At the same time high-grade railroad bonds moved larly. There were small gains in Canadian Pacific 4s, Pennsylvania 4!;s, and Chicago, Burl- ington & Quincy 4s, and slight declines in Atchison general 4s, Baltimore & Ohio first 4s, New York Central ds, Frisco “A” 4s and Chesapeake & Ohio 458, At noon bids for New York City's $50,000,000 of 4 per cent bonds were opened, and the issue was awarded to the Chase Securities Corporation at 100.03. There were only three other bids, one by the Liberty National Bank for a $500,000 slice at par, one hry wfl- liam Phillips of Dillon, Read & Co. for $100,000 at 100.125 and one by the Kings County treasurer for $25,000 of the bonds at par. It was significant of the current nervous state of the mu- nicipal market that there were no hids from the National City Co., J. P. Mor- gan & Co. or the Kuhn, Loeb-Dillon, Read groups, which usually bid so strongly for New York City or State issues. - ' | roads, a few September reports alrea out.indicating the 1 — Washington Stock Exchange SALES. W:shfinmn Gas 6s “A"—$1,000 at Wumnmn Gas 6s “B"—$1,000 at Wnsm;:mn Rwy. & Electric 45—$3,000 t 8 % An,:erlun Security & Trust Co—5 at 70, Barber & Ross com.—53 at 15. Chevy Chase Dairy pfd.—5 at 105%. Mergenthaler Linotype—10 at 90%,. Peoples Drug Stores pfd.—10 at 100%, 10 at 100. AFTER CALL. ‘Washington Rwy. & Electric 45—$2,000 at 89%, $8,000 at 89%;. Washington Gas 6s A—ssoo at 1033%. ‘Washington Rwy. & Electric pfd.—10 at 98%. Bid and Asked Prn:eu. BONDS. PUBLIC UTILITY. 48 3. Amer. Tel. & Telga. 458 Amer, & Tel & Tel Am. c Andcostia & Pot. lueclu.ml:aus. Barber & Ross. 6 Gheyy Chate cmb s D. C R SaTE00d Blorace s Wash. Cons Title 6s STOCKS. PUBLIC UTILITY. Wash. Rwy. Wash. Rwy. & El. pfd. (5) NATIONAL BANK. Capitel (14).. cofl:mm- a2 Second _(9e) Washington TRUST COMPANY. Amer. Security & Trust Co. (18) U Washington Loan & Trust’ (i4). SAVINGS BANK. Bank ot Bethesda (6§).. Gommerce & Savings (i0 East wnflgnnn a2)... urity & Com. Bk. th Sireet” G2V United States (30) Wash. Mechanics (30) FIRE INSURANCE. American (12). Corcoran (10) . Firemen's (8) . National Union 65 UM 3 e 0%, €0 wid. com MISCELLANEOUS. Brber & Rosg, Inc. com, Federal ‘Storage pid. () Fed-Am. Co com, (1 ===..§.=s=:s=g 2 8 Corp. hrop pid.” (7) 5207 w. Wash Med: ‘a! Woodward & Lof *Ex dividend. Books closed. e1%% extra. CHICAGO DAIRY MARKET. CHICAGO, October 21 (#).—Butter— Recelpts, 7,682 packages; market stea creamery extras, 39; stdndards, 36%%; extra firsts, 3612a37)%; firsts, 32a34; seconds, 29a30. fl—mm 4,479 cases; market prices unchanged, 4| Tokib 5% 61, Received by Private Wire Direct to UNITED STATES. (Salea are in $1.000.) Sales. High. Lov. Lib3%s..... 81016 1016 26 10215 10214 10315 108 12 101 80 101 30 10212 10211 75 106 18 106 18 10820 108 19 11228 11224 | Belgium Belgium 6 Belglum Chin Gvt Ry 58751, Colombia 6s Jan 6 Con Pow Japan 7s. Copenhag 4%s ‘53, Copenhag 55 °'62.., Czecho 88 '51...... . 16 108 61 120% 53 125% Gelsenkirchen 6. | German 5%s "65 German Bank s ‘38 German 6%s Hait! 6352, Hol-Am ss f % Japanese 6158 54 . Jugos! Bank 7s '57. Karstadt 6s'43..,, Lyons 65 ‘34 5 Milan 6%s°62. ..., Montevideo 7s *52. . Netherlands 6573, Nord 6%s '60. Norway Norway Orlent dov 63 u Otfent dey 6s ‘63, Paris-Ly M 6 Paris- Ly n Peru Roy D 48 46 ww Sao Paulo 8s '3 Sao Paulo 8s 5| Saxon 7s *4 Seine 78 °42 Serbs-Cr 81 78 '62, , Serbs-Cr-Sl s '62’ Soissons 65 '36. .. Sweden 5% s°54. Swiss 5148 "46. Swiss Confed 83 40 Toho EI Pow 63’32 Toho El Pow 7s *55. Tekio 58 '52. 3 9% Utd King 6% 8°37.. 18 105% Uruguay Yokohama MISCELLANEOUS. ADItBI P& P5s'53 19 7415 721 Ab& St5%8"43... 100% 100% Adams Exp 4s°48., 89% 89y Ajax Rabber 25%: - 25% Allegheny 6s "4 91 90% Allls-Chalm 6s '37, 102%. 102% Am AgCh T4%s 103%- 103% Am Chain 6s33. 101% 101% Am Cot O db 5s '31 100% 100% AmF P53%82030.. 8215 81y AmIGCh5%s'49. 101% 101% Am Int Cor 5%s *49 95 9414 Am Metal 5%s'34. 951 94% Am N Gas 6%s8 42 68 68 Am S&R 15t 58°47. Am Sug Ref 6s°37. Am T&T cv 4%#'39 102% 102 108% 103% 148 145% 107% 106% 106% 105% 107 106% Am T&T 5%s ‘43 109 108% Am W Wks 58°34. 102% 102% Arm & Co "fil'l’ 90 89 T4% - 73 103 103 70% 70 106% 106% 111% 111% 102 101% 3 106 105% 89 39 91 90y 60 60 102% 102 Am T&T e tr 58 46, '60. At Gulf 595°5. Bell Tel Pa 63 B Bell Tel Pa 5 Beth St p m b Bk Ed gn A 58 ° Cert-td deb 5% Chile Cop db 55 '47. ‘86 Colon Ofl 6s 38, Col G&E 6s May 52 Com Invest 5% 549 Com Invest 6s *48 ConGN Y 5%s"45. Denver Gas 58°'51.. Det Ed rf 63 B "40.. Dodge Br col 4:. . 35 35 106% 1061 102 102 106% 106% 862 86 103% 103% 103% 103% 371% 371 Gen Thea Ea Good 15t 6% { Goody'r Rub 68 '67. Humble O1l 58°37.. Hum O&R 618 '62. MIBTIistpf6sA. 101% 101% 102% 102% 105% 105% 101% 101% Int Cement Int Hydro El Int Match 6847 101% 101% 3 80 80 n 0% 93% 9214 mT&T 864 864 Kan GasiB 43 Ll Lackaw St b8 %8G ' 104% 104% 104 104 6 624 1041 10436 123% 12316 112% 1124 100% 100 106 105 a3 33 101 101 uor . Co l 2 3 “'(l.-.“l 100 ”K "[Sincto6%a B3 47, Nor St Pow 6a B'41 1 PacG & E15s°432.. l: 105% 106% 103 108 1043% 104% 106% 106% 102% 102% 9% 974 105% 105% 101% 101% 0% 0% 921 924 340 Paramount 63 *47.. 14 1024 102% 981y 98% 94 9% 85% 85% 101% 101% 102% 102% 101% 102 100% 100% 93 91\ 104% 104'« 105% 105% Pure Oll 5%s '37... Rem R'A6%s A 47 1 Richfi'd O cal 63 '44 16 Sinci O s cv A 31 o 42 Trans Oil 6%s'38., 3 Utd Drug ev 63 '53. » U S Rublst 6347, Utah P & L 6844 Utll Pow 6% 47.. 10 Walworth 6s A * Warn Br Pie 6 Warn Quin 6s ‘39, Warner Sug West £1 deb 109% 109% 98 98 69% 694 4 101 101% 87 87 88 86 B0% 80% 68 68 104% 104% 104 104% 10315 103% 109 109 103 103% w0 2 WEOGb6%s'37 ww, Wil-Ov mus-'n WInRA 7%s'41.. YouSt& T 68’7 - Sormaasnmne % 120% 120% 103% 103% 4 48 AtCL col 48’62... AtCL1st¢s’52.. 1 &0 Swn dy 58 '50 Ban & Aroos ¢s '51 Bd & 7th Av Brooklyn Elec Bklyn Man 6s '6 102% 102% 5% 5% 70% 72 9 1% 93 101 BRE& Pitt 4% Bush Ter con Can 101 99% 99% 991 99% 105 105 18 118 t C-n Nat 58 Oet Can Nor 6% s db’ l. Can Nor 78 Can South 6 Can Pacific db s C Cent Pacific 4549, Cent Pacific 55 60. 10 104% 104% 10!% 29 100% 100 100 6 1035 1031 103% - 10°101% 101% 101% ; 98 16 98% 98 56 42 40 17 69% 69 13 100 100 2 86 86 40 69 100 86 % 9 2 4 105% 106% 105% .,fl 5 91% 91% 91 Clev Term Clev Term bs Colo & Sou 4% Cuba RR rf 7:/,:' Cuba Nor 6%s 4 Del & Hud rt 4 D& B Gr gn 43 '36. Den&R G W 5s'55. 3 DRG&Wstss's 3 Erfe 1st con 45 '96. 31 5 Erie conv 4s:(B) 82u 81% | 89 88 36 Fond J&G 4 28 GrTrsfdb N (D) Gr Nor ‘%l"fl (E) 24 98% Gr Norgn § 52. 2 110% 110% 110% Gr Ner gen 7 L1411 1 Green Bay deb B 15 22 22 22 Hud & Madj 68’57, 9 79% 79% 79 Hud & Mrf 58'57.. 28 100% 99% 100% 2 92% 92y 92 6 12 Dz% gg o see % 99% Tl Cent 6%s°36..,. 5 110 110 110 108' 108 691 69% 89 90% 95 56 IntRyCA6% 7 Kan CFtS&M 4 ‘2 9Th 9% 9T% Kan City Sou 5860 1 101% 101% 101% Kan City Ter 4s'60 5 95 94 95 %897 13 864 864 !6% n.. 21 100% 100% 100% 003, 2 91% 91% 91% 1 100% 100% 100% 2 100% 100% 100 7 98% 98 98 8 102% 101% 102% L & N 53 B 200 3104 104 104 Man Ry 24482013, 3 45 " 45 46 63 1024 102% 102% MK & T adj bs ‘67 MEK&Tprin Mo Pac gen 5 Mo Pacific 5s A ‘65 Mo Pacific 68 F *17 Mo Pacific bs G *7: Mo Paeifie bs H Mo Pac6%scv Mont Tr 1st 58’4 5 1041 104% mm 76 . 15 76% 8 100 99% Dw. 22 100% 9915 55 3 lfll‘i 101 IOI% 86 20 lon% 100% ]00% 2 9615 9635 T30 lu'm 107 107% 84 u 84 NYC %897 NYC.‘;GH‘.'N. N Y Cen 4s'98. 99 1 8 100% 100!4‘ 100% 93 93% 9 106% 106% 106} 2 108 108 108 2102 102 102 5 102 102 ] IBUSINESS SIGNS 99 9914 CALLED BRIGHTER Chicago Bank, Officials Say. Gloom Has Been Carried Considerably Too Far. Special Dispatch to The Star. CHICAGO, October 21.—] fact that it is clearly seen recovery will ment Is more depvnue conditions warrant, in the opinion of the Business Observer, monthly review. of the Foreman-State National Bank. ‘The Business Observer points out many hopeful signs in the present sit- uation. It makes a comparison between the present depression and that of 1921, taking nine indices as a guide, and expresses the belief that ttn pro= nounced upswing in the business curve. cannot be expected before the first, quarter of 1931. Some Better Signs. Regarding the present situation the ¢ publication says. beb&mf mu-uumn;h somewhat * reading than October sentiment. mhubeen'.heunmwlortw’ ber the on commodity prices revealed a firmness that had not been present foy over a year, and yet business sentiment / turned downward with the stock mar- ket. This month we have additional e surance because commodities i maintained comparative firmness for another 30 days. Also, & clear majority ot our business indices registered sea- sonal improvement, or better, between Aulul! and September. “Business sentiment, nevertheless, is more depressed now than wien the bot- tom was not in sight. Stock market nfim have broken the lows of last lovember. "The ‘Street’s’ habit of accepting steel operations and automobile as the truest ga of business condi- tions has been G”Iedueed rednhne\ 0., review ny: deMe tion,” INVESTMENT TRUSTS NEW YORK, October 21 —Over-i the-counter market: ol < e 10 « T ™ % ) 6% 2 E] 3’ v.':f'u. B "uv. e e B S e kel SERN S i 1 N'Y Bank & Frut © 1 f T By unchanged. - SILVER ono’nnols. NEW YORK, October 21 (F).—Bar silver, 357 P S nu “l‘ ‘ T in 87 &7 “ 96% 97 6814 23 95% 95k 95 6 112% 112% 11z 5 94% 041 94k 98 Norf South 5s *4: Nor & Wnev ds Nor Pacific 3 Nor Pacific 4 Nor Pacriés Nl'l. Oreg-Wash ¢s°61.. 8 102 101% 3110 109% 1 104% 104% 5 110% 110% 1 100% 100% 5 104% 104% Poilippine RR 24 P& WVaks Port Ry 68 ‘42, Por R L&P 1%, Read gen 4%4s 2 106% 1054 6 107% 107% T 15 101% 101% RIAr&L4%s’3¢ 5 100% 100% St L Ir M'ot 1. 5 100% 100% StL IM R&G 4s°33. 25 100 100 StL&SFIndsA.. 18 874 87% StL&SF4%s'78. 47 88 7 St L&SF pr In n’B St P Un Dep 58 73, San A& A P4 43, Seab A Lirt 4n 49:. Seab A L 4s st 50, . Seab A L cv 68 Seab All Fi 65 Sou Pac ref ¢ Sou Pac 4% Sou P 448 69 ww. Sou P&Or shai. 4 1K 100% 88 87% ll) 107% 107% 35 11214 111% 12 119% 118% 13 101% 101% 8 49U 49 4 1 92% 92 12 101% 101 2 111% 1% 5101 101 3 107% 107% [t Va Ry & Pow bs 34 2 102% 1024 Wahash 4% 78. I8 89% 89 Wabash 5s D '80... 1 97% 9T% WestMad'sd. .\ 14 86% |