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eh ap STOCK WEAKNESS | INAL ISUES AS | PRES DECLNE Reaction Starts the Week With Losses of One to 7 Three Points. A combination of Hqutdation, protit faking by traders who have become distrustiul of the stock market from ® speculative standpoint, and liberal sales for the account of professional beara resulted in a substantial re action in the list to-day. Losses in representative issues extended from one to more than three points The declining movement was fes tured as much by its uniformity « the extent of losses, No one grou was exempt from liquidation or profit king. For that matter the @ were singularly few et 6 in any group that were able to hold ground To Wali Street at large the mar. ket’s weak tone was partioularly Duzzling, in view of the fact thut tie weight of new developments over th week-end was in favor of holders of stocks, Reports from — comme rela! antres were about the most opltimis« tte that have been heard this yea _ They invariably told of a mounting * volume of business tn all lines, Ad- ditional unfavorable railroad operat- * ing returns for September were off- net by current traffic returns and car- joading statements which show that the carriers are offered muct mor iusiness than they comfortably ean handle. Copper statistics indicate thet surplus stocks of the metal are hack to normal, Although ‘the foreign oxchange market pursued an irregular cours with French francs again getting well below 7 cents per franc, the devine was regarded as 4 “natter of mull stock market concern There were indications of relaxation in «he timo money market. The rate :or call funds was fixed at 5 per cort., wut before noon the rate was jowered to + 41-2 per cent, The bond market sax firm. . Yet selling of stocks was insistent from the opening of business until the close, No discrimination shown between rails, stcels, shipping stocks, motors, textile, olls or other shares, All went dowh without much. show of resistence, And at no time lid they display rallying power. Unable to analyze the motive for the selling, Wall Street bent its ener- gies to trace its source. Their was an inclination to lay emphasis on (he special weaknks of stocks in which the Standard Oil “crowd” so called, supposed t6 be heavily interested. There has been widespread suspi- { ction that one reason why the Stan- dard Ojl Companies bave split: up t their shares was for the purpose of facilitating liquidation of 4 part of thelr holdings. In almost every in- stance of cupital readjustment, shares of companies concerned have made a dismal market showing since capital veadjustment was announced. To-day Consolidated Gas, Anaconda and St. Paul common and preferred were among the weakest stocks on . the list. These are popularly re- garded as Standard Of{1 companies. 4 Whether these issues were weak be- cause of Standard’ Oil selling or whether they were made weak for the Durpose of faving {t appear that Stdndard Oil interests were selling the market was a problem that re mained unsolved. At any rate their weakness greatly perturbed traders who have held to the constructive side of the market on the theory that the yecessionary movement of the last fortnight has been due to nothing more than technica) or inside market conditions, Selling of Studebaker which was so heavy during the greater part of last wek was renewed in greater volume and {t declined 2 1-2 joints to a new tow for the current movement. It was “ the most active list on the list. Other speculative favorites suffered. For in stance, Baldwin Locomotive declined about two points and showed a loss of more than 10 points from the high of the year, alhough husiness of the company during the last month has been better than at any time during the last two years or more Marine preferred declined four points sithought in this instance reason for * selling might be found in court rulings regarding the legality of American ships carying liquor, In the steel * @roup United States Steel went down ¥ to 106 1-8, a loss of 1 8-8 points, while * independent steels were off rrom one to about three points. In the rail is- sues of investment merit such as At- - chison declined more than two points, ‘ while other standard dividend payers were tn liberal supply at all times and _ tell from one to more than two points reached. supply, with many of the highe priced dividend paying issuca extend ing their losses to beyond two points. ‘The more speculative industrials ox two to more than four points “the market decline, call money con dairly plentiful supply at 4% per cent —$<.-———_ per pound.—Agvi. sha Although there was considerable short covering in late trading, the . volume of selling s0 increased that "| ‘new low prices for the day were Rails werg in purticularly liberal -teuaed losses for the day to froin im part to the reduction in re’ borrowings brought! about by tinued to be in 4 comfortable’ posiion im the late afternoon, with funds in Prices realized on Swift & Company kales of beef tn New York City for XP eed Baturday, Oct. 28, on whivny 1, noid out. from 11.00 cents to 2) oy / canta per, , and “we mM Ad Rurnely 00) “ han Am S200 Allin mY AL m Atm Ag € ome 10 11006 20 AW rn ue 4) An 00 Aen IL & Tepe 100 Ani Thad 1000 An Wo Any 4000 100 Am 4500 Am Stor 1000 Any 100A Sun 00K a) Any 1004 4600 Ara Vo W 900 A WIV YOO A Was pt Os 490 4 18400, Anneonde 4u00 Aten. Ww AT & Atl 2m ALL © 100 AU Fruit WAT & T rts 100 Am Zi Bx 117k 103%, 92% 0 A G&W I pt 100 Atlan 400 A Nichola. 00 Huld Le 9000 Halt & Onto 100 & O pt 0 Be 100 100 ayuk 1000) 100 eth S500 Thoth 800 Beth 8 pt N 6% 800 1 8 pt 8 pe 10 10 nH S 200 Bilyn 2000 Kiklyn ft Tr 200 We RT etfs tu 18 38% 14 62 40% wn Bec tiry Mig 18% 10 pe 1% 1N8 140 + 100 ants, tr ny Tel eH +30 107's 2 49. 8 ITs 4 oH DG Met ne 8! WADGY oe 17% 4% 200 Mkiyn UG. 118 400 Brown Shoe 100 Brunnwiek. 100 Burne Br A 18 800 urns Br B 50 a) 100 Burns Br pt 1004 1400 Butte 4600 Butt 10 Cat imo Cal F 1600 Mutinnan 600 Con 18900 CMast 100 CM St PAO. 100 CMB 4200 C & 200. & New ptt sono C RTA PL WO) ORIEL 6x pr \) ORIGP TH pf 10600 Chile. 1700 Chino 100 Cluott 40100 Coca 400 Col 2006 & BY 400 Col 3200 Col Gas Chan Motors 5045, oem ey Sy 144 76 10 Es 42 00% cry 108% 0 pf 104 Ko, 41% 90%, say, 48% 1 100 Col & 8 pf G2 GOO MDel & Hud, wD L 100 Detroit 12500 Dome 700 Du Pont 100 Du P Deb, 4000 East 2800 Co} 8000 Gol 100 Com Bol 800 Com 'T & R 100 Con ©! 18000 Con Gas... 2800 Co: 2000 Cont SAO Corn Prod 0) Cub Ca Bug 1 Cab C Su py 900 Davie Chem 1) Kndied 240 100 Brie 400 Pink Nody 144 Bon tay 100} 100 -G 00 100 Gen 104, A 49% 8 37% 11% 10 128%, 445 144 1 109 4 poet 8 Baa, 18 14% 17 08 oi M445 pt 14 Light T Ge vw Am Gas & El Ow. INDUSTRIALS 1000 Sinclair S100 Gt Nor pf onda Cop 6s. Amal Leather Amal Teather’ p Hoard 88 oft ) Stand O ofC 118% British Am Tob coup 7) Stowart-W 400 Ktrombers nO) Atudebaker as Cy La P Manitoba Power nh 1) Kan & Gu 2500 Wab pf 200 LB & Weat nceo Products (00 Lee Rubber. FOREIGN BONDS oo Whi & Le 000 Wal 1 pf. 8 Distributing SL H pfa 180) Law's Ii of Serba Sa. 1) Lorillard 1800 Wiekwire NY NH 64 Fr 7s. Rep of Colombia 6% (00 MTT tatpe joo M Tat ad pt “800 Metntyre 0 Magma Gop 200 WIL Ov pf. 100 Woolworth. 100 Wool pt... 100 W Pu pf B. 100 Wright Ae Official total wales, 1,164,300. ee EXCHANGE. Willy Crp ist pfd . Swiss Gov Sigs West Knitting ... Alvarado Min 400 Man Klee Atlantic Lobos ...... Oo Man lev “Bost & Montana ... "Boston Mont Cons .. nario Copper Candelaria’ M. Galena Signal FOREIG 400 Mar St Ty 500 Mar 8 ¥ pf Sterling (par 4.805-8 per sov Prairte 0 & G Cortes Silver Cresson Gold South Penn Ol . "19.8 cente per franc)—- 8 OU of RY. Italy par 19.8 centa per liray— Vacuum Ol WT ye. SONYWL. SONIWT sO caWwt. Germany (par 23,8 cents pe rgold mark) Hecla Mining HU Top Nev Howe Sound ‘independ Lead rome Verde Div a Tose Mining jainarn Crescent . Mason Vaitey 490 Miami Cop agno Mid St Of Switgerland (par 19.2 cents per tranc)— mM Minn & BT. (par 40.2 conts per florin)— APiannae Nat paton Wyoming n (par 19.5' cents per franc)— Austria (demand of cent to the crown): Greece (par 10.3 cents to the drachmay Sweden (par 20.08 cents per crown) Columbia Syn *N Y_ Porcupine “Ohio Copper . Ray Hereules 20.8 conte per crown) 1100 Naf Biscuit. Kquity Pete pid Fenmark (par 20.8 cents per crown)- 6409 Nat En & 8 (67 iad chaise oar be SAVINGS BANKS. ry (decimal of cent to the crown) 1190 Nev Con Granuda Ol cho-Blovakia (par 20.3 conus (decimal of vent to the mark) 40 NY C&SL Minland (par 10.8 centa per mark)-+ Marland Mex - Jugo-Stavia (decimal of cent to the crown) — Houmanta (decimal of cent to the levy 200 Ohio BAR 1700 Okla Ret 1800 Orpheum (par 49.8 cents per yen) ngland Fuel ..+ 12 ceuts per dollar)- Hongkong (par 50. 44 cents per rupee Calcutta (par 45 cents per paper p Argentina (par Brazil (par per milre! Sapulpa Ref . 9100 Pan-Amer P Chile (par 20 cents per paper pesor Shell Caton pfd so. 900 Penn ROR. Southern P & Ro. a Ae RAIL EARNIN: SKABOARD ¢IR LINE Southern States Oli Allied Packers Sx Am Cotton Ol 6+ 1900 Pitty Coal 1000 Pitts & WV DSON RIV ~ NIGHT LINE Atom tr 02, 2 Weat taza 81 Bue Albany 6 o'clock roll Direct rati connections West. APRESS PREIGHT SEKVICE— Antes vartied. Ghipinents recetved for All ‘Troy and points oo the Delaware BOR Bor |. Canal WUDSON NAVIGAT! "ANY. Middleton 8, Borland, Receiver. Via Cape Cod Car Connecting at Boston f (toeklund, Bangor, St, Yarmouth. 8. § EASTERN S, S. LINI Newburgh, Poughkeepst woo) kill Miteeese_ eraakiins Ktogston, Cats. Sharer *Bliver King Div é Teck Hughet ... Tonopah Belmont *Tonopah ‘Divide ... Tonopah Tonopah Min . Unity Gold United By: United Went Dome vescce West End WORKING IN TRENCH, MAN IS KILLED AS SHORING CAVES IN mbers Hackle, Back, and Diewe Caught in a Parkside Avenue, ployed by Tomasetti tractors, who were Perry estate, between Str . inches ets. wide. Stockholders of New York Central loaded 3,670 cars. in gross revenue: ber, 1 shop strike. SAVINGS BANKS. YOUR dollars should not be idle a day — INTEREST computed by the month on deposits A deposit made as late as the third day of any month will draw a full month’s interest even if the account is withdrawn the first of the following month. If the account remains un- til one of our dividend periode—which are Janu- ary Ist and July 1st—it will receive a larger rate of interest Por 72 years we have been leaders tn movements for the benefit of our depositors EMIGRANT INDUSTRIAL SAVINGS BANK INCORPORATED 1850 SS) CHAMBERS STREET NEW YORK oe i cescane nse BANKING ANDO FINANCIAL. et Work Hour and a Half to Extricate Body. ve-in of timber and sand in a sewer excavation in which he was working at Ridge Crest Ter- race, near Tist Street, Antonio Salmatora, forty, of No. 743 killed to-day. Salmatora was em- ie trench was 12 feet deep and 32 ‘almatoré had been in it only about four minutes when one side of the shoring buckled and the timbers and sand threw buh with such force that it broke his back. Then it covered him and it required more than an hour and # half to extricate bis body. Carl Angilari, foreman of the’ jub, who is Salmatora’s cousin, witnessed the accident and sent in a fire alarm, bringing Engine Company No. whose members recovered All’ this time Angilari and Vito Sal- majora, the dead man’s brother, were hysterical. A priest was present. The man was, pronounced dead McGrath of Norwegian Hospital, eledtbsbtl-loaadt FINANCIAL NOTES. Fidelity-Phenix Fire Insurance Company approved an increase in capital stock from 50,000 shares, par value $100, shares, $25 par. This follows ap- proval recently of increase in capital stock from $2,500,000 Additional’ stock is offered to stoc! holders of record Oct. four shares of new ,stock for vac share of old, held at $86 a shar Subscription rights expire Nov. § Kuhn, Loeb & Co. announced sui scription lists to $7,500,000 American Smelting and Refining Company frst mortgag@ thirty-year 5 per cent. puild honds, series A, due April 1, 1947, of- fered by them have been elused New high record coal loadings on lines wes made Rest previous when lines Oct, 28 at 3,978 cars. record was made Sept September earnings of thirty-nine important railroads and systems show a decrease of not quite which means sub- stantial increase in traffic in view ot rate reductions made since ’ t operating off 46.7 per cent., reflecting eurent and ‘accumulated expenses incdent to| EGOMPANY OF NEW JERSEY Undervalued Overvalued which? The October 28 issue of the je el Investor & Ti will contain a special article on Per Acre Val- uation on some of the popular oils traded on the New York Curb Exchange. o Areoil companies under- - valued or overvalued at current quotations? Per acre price at some of the recent sales of oil lande in the different oil producing fields will be cont with the per stcre value of these com- panies, Per acre value of these @ companies is based on the ‘ket oftheshares rn This 12-page paper devot- ed exclusively to the New York Curb Exchange se- curities will be of great value to those who are in-, terested in the stocks and bondsof America’s second largest stock market. Jones & BaKER Members New York Curb Exchange Direct Private Wires New York Chics Boston Pbiiedeipn Pitteburgh Detroit Baltimore Cleve! Three New York Offices | 50 Broad St. - Broad 7150 505 Fifth Ave. - Mur.Hill7120 | 225 Fifth Ave. © Mad. Sq. 1377 HELP WANTED—MALE. WANTED. : BOILERMAKERS, « BLACKSMITHS, MACHINISTS, CAR REPAIRMEN, ° SKILLED IN RAILROAD WORK; STEADY EMPLOYMENT; STANDARD WAGES, AUTHORIZED BY UNITED STATES RAILROAD LABOR BOARL Apply to CENTRAL RAILROAD Cc, BE, Chambers, Supt Motive Power & Equipmen. Jersey City, N. 4 The New York, New Hess & Wartford Railroad + Men Wanted. Regular positions for coripe- tent men whose work is ss:- isfactory as Machintste—6o to 76¢ per hour Bollermakere—GTo to Téc per hour Blackamiths—te to Tc per hour Electrical Workers—@5e to 700 per now Car Inspectors & Repairmen—Gée per avur Helpers—Virat year, 43 cents per bou: ‘the above rates are those agreed upon with Cominiites of Biechanical Department Asso elation. ‘This te not @ strike ugainet the raliroad; it lw a atrike waged ogainst « reduction in rates of ordered by the United States Ruliroad Labor Board, effective July.1, ie? Apply @ A. BM. to. 5 P. BM. to Buperinten. dente office nt 182¢ si. and Willis er. Brons, N. ¥- F. M. Clark, Superintendent, New York, New Haven & Hartford FH, R. Co. FOR SALE. DIAMONDS — WATCHES” 139-79 » 1008 STOVE AND BULLER REPAIRS. VORCELAIN lk CONLw 44 tion coal a water Nunta of all inake: TION, 22 90 ‘at, cor, Heekman, Mulberry at. WORLD WANTS W@RK WNL ewteneee TLaE ES CRE EWEN Sneee: i B i —_ Spry AS FOSS ee lig Sa EN NT ITA. ot NE eS