Show Mine and Mart Comment 1 By Bt LEE WILLIAMS WILLIAM BOND MARKET SOUND Confidence in the tho sound lIO un under ff- ff conditions condition In the bond market markit mar mar- ket kit was wu evidenced by the increase In new Investment financing lat last month The Tho total was 11 the largest of ot any month i since U last lut t June JUDe but bu fell con t ly behind the record amount mount of ot October a year Mr ago ao New bond and note offering In October totaled accordIng accord accord- log Ing to the compilation of Lawrence Lawrenc Stern A Co Chicago Investment banker bankers This compares compare with of of- of of 00 In October 1 1121 1037 37 and In September 1038 IUS Foreign totaling led 10 last Jut months month's offerings offering but bu showed a u substantial decline when compared with the unG total tola in that class cra In October 1927 UT Tax I exempts public utilities and Industrials Indus Indus- trIal trials all showed showell S substantial de decrease do- do crease wh when n com comparo par oj with their respective e totals in Oc October ober of las lut year but all except public utilities showed an increase over ovet S September 1927 lUT Only railroad and real estate offerings were lar larger r last month than In October 19 1927 1 and September Septem Septem- ber The Tho total of all offerings s for or the theten theten theten ten months of IUS 1923 amounted to 3 5 compared with for tor the tho corresponding period In 19 1927 1 This Is Ja a decline of about 21 Ii per cent Last months month's offerings excluding tax ax exempts included separate Issues This compares with s ah ch h Issues offered In October a arear year rear ago and 98 18 in September 1928 1128 There were 67 61 major issues of a n milIon million mil mil- lion Ion dollars dollar or more brought out In Inthe Inthe inthe the market last lut month compared with CO 60 in September 20 10 in August and 38 as in October 1927 1921 DIVIDEND RATE UNCHANGED Officials of the Calumet and Hec lee la Ia a Consolidated Copper company explain that the recently declared quarterly dividend of 1 Jl does not necessarily place the stock on a a. 4 H annual basis as the com company pan does doe not follow the tho common practice of or placing its stock on a a. fixed yearly early dividend basis J payments had been at the tho rate of oC 50 cents quarterly and the tho stock has been commonly regarded as on a 32 2 an annual annual annual an- an nual basis buls Recent interpretations of the tho 1 dividend as placing the stock on a H 4 annual basis therefore there- there fore ore were erroneous j A A. A 6 |