Show I II I I I II NEW NE LOW LON RECORD MADE IN SOME I. I RUBBERS Sharp Decline Caused by Liquidation and Short Selling 4 1 Furnished i hy by y Harold Haroll R n. Smoot Co V Ni W I-W YORK Aus AUg Aut 6 Further Further f.-Further Further liquidation accompanied b by iy additional addi addi- short horl seln selling brought about aboul X t further r sharp d decline In the rubber rub rub- rul- rul ber and rubber lubber tire tre some of Qt the tIle Issues Isnes establishing new low ford records for Cor or the year car The he favor favor- ahle earnings statements issued by hy the rubber companies for tor the first tint halt haf or of the year fall fail to have hae an any effect affect lect In sta staying the tile decline Announcement An Announcement was ns made by one compan corn com pan that It I wo ld guarantee nil all ni dealers delers against a cut cui In tire tiro tre prices price I before November r 1 1 1 In connection L IL with the date dale however it I was n ns stated that this was of at no significance significance cance cnn and was fixed only bec because ule of the tact fact that dealers contracts I expire at ot that time There In is II a feeling however In Wall Wan Wallstreet t street that thit a cut In tr tire tiro prices In is Innot II 1 not nol very ry far t off In spite of ot the announcement and furthermore this announcement covers only the operations of ot one company company- Evening Post Post The slowing down of or business I and antI the heavy y declines delnes In commodity com corn prices w will 11 of or course coure soon reduce banking loans free credit rind and lead to lower rates rot foi money rates rates for money meins higher for good prices KOCH securities of which the Wall nt street tree woods woodi I Iare are aro full Goodbody Goodbody Goodbody Co I Amon Among those properties which should be bt supported ed that tire IC nonpaying now non paying dividends Southern an and Union Pacific Atchison New Tork Tori Central and Pennsylvania have hays standings as also Gie Great northern I preferred and Northern it ii I L must be considered however In ii Inal I alt all al cases case that a sustained ant and ant much higher market for thee these shares shareR would be se restricted to such auch I an Rn advance n flu would make mke then them I ni attractive In Ina a money market I which looking booking forward ao aoel n not nol I seem to fo promise a 4 much lower lowet level le el There Is 1 however room loom 1000 for Cot considerable Improvement from Crom current prices Mills I 1 s. s Adriatic Is 18 bringing In godL god I New Ney York Central Is negotiating for or Chicago river and Indiana and Chicago Junction railroads as ae t feeder lines lne American Ship and Commerce American Hawaiian Steamship company and Livermore Dearborn Co will ill merge for operation as u United d American lines Average erale A price twenty industrials 84 06 off ort 1 52 v rago price twenty active rails rail rais 74 ort oft Dow Dow Jones Jonel We ve a. a are aie carefully watching tho the commodity trade and general business business busi busi- ness nes for tor a turn lurn This Thil should herAld her her- aid Ald the bottom of or tho the decline There There Is no fl sign n of or such f ch a R turn vet Whelan ct Whelan |