Show The Great MART CRASHES WITH Year-’Roun- Hunting Season! d Wounded Speculator Turns To Sound Investments ) Again In N Y‘ ck PANIC HALTED : By BYRON SELLER Special Correspondent of - Standard-Examin- Low Rates On Money Save Situation In Wall Street FAILURES NUMEROUS By CHARLES F S PEAKE Correspondent of The Special Standard-Examin' Oct 23— There NEW YORK comes a day after every prolonged period of speculation for a rise when those who have been buyers with er r 00 - it 26— The Oct YORK stronger demand for bonds so much in evidence during the past week hasi behind it the impetus of easing money rates the impairment ' qf stock equities and the desire of the wounded stock speculator to get into sound investments again Id the bond market itself the advance in prices and the revival Of bond' trading has not been brought about by the dabbling of the public tself so much as by the dealers who quick to sense the change in public sentiment following the crashes on the stock market have gone into the markets for securities which they are sure the public will near demand at rising prices in the "" ''v ' N future CONVERTIBLE FEATURE The break ih those issues which have a convertible feature was of course not important being merely secondary to the decline in stocks but the advance in investment bonds indicated clearly the improved technical position of - the market I' The easing of money is of course comparative Time money at around 7 to 755 per cent is still high in one sense 'but it certainly is lower than the 8 and even 9 per cent demanded during the stagnancy of the bond market An indication that the lower money rates have some permanency is found In the statement that brokers’ loans decreased $167000-00- 0 this week It must be pointed out that this decrease does not cover the enormous calling of Wednesday’s and Thursday’s business so that next week the decrease than ought to be more ‘substantial has been the case for some time The banks for months permitting great portions of their funds to earn the high rates offered in the call money market are now finding are not high enough that the rates to attract i them and as a result huge sums are being reinvested in bonds While the United States government issues high grade railroads and prime public utility obligations have all improved steadily during the week along with the oils and other industrials the richest plums have been picked in the high grade foreign bonds PRICES RISE Their advance since the first of the month! has not yet brought them to a point where the yields are not attractive An average of 30 such issues shows that the appreciation in market value has been about 3 points since the first of the month and about 1 point during the past week The stock yield of these 30 bonds is today around 755 per cent with a correspondingSuch ly higher j maturity yield to yields of course are certain even when especially bring buyers the call money market cannot offer competitive1 rates As an instance perhaps of the improvement in foreign loans the recent offering of $3500000 city of Hanover Germany 7 per cents might be cited It is the first time in 18 months' that any such munihere cipal borrowing has been donerecent the recalls and by Germany statement of Charles E Mitchell chairman of the board of the National City bank and a member of the board of governors of the federal reserve bank Mr Mitchell remarked that the fact that the New York market had been closed to foreign municipal financing had been beneficial to the foreign municipalities because durf and a half years preing the two vious to 1928 when they could borrow here they wasted money on needless public works was closed and their recent financing has been done at home by means of three year notes at 9 and 10 per cent r&t6Si An important gauge of the bond market will be the sale next week of $60000000 of City of New York Recently the city has been financing by doing most of its notes and has ’means of short term out about $100000000 in tax warrants on a 5 and 6 per cent basis The return to long term financcity is ing is an indication that the of the convinced of the soundness market! During the past week the authority sold port of New York 95 at to yield 5J5 $30000000 of to 468 per cent i I ’ $100-0000- er £ f ar S The-- NEW Nine Months Rise Wiped Out In Month' of Liquidation to sell and find r one accord attempt except at a sac- it impossible toofdotheir profits This riflce of most is usually attended with a tremendous volume of transactions intense excitement and rumors of trouble which eventually compel a hurried “bankers’ conference" to inspire confidence and check liquidation windThese varied phases of the bull market ing up of a five-ye-on Thursday tnis were exhibited week when conditions approximating those of 1901 1907 and 1914 developed Unlike other days of panic however they were not intensified by of money failures or high rates measures such as the emergency The marclosing of the exchanges of ket went right up to the brink back turned then and the precipice RISE VANISHES of the the past month most la stocks or appreciation in common “equities" as they are now popularly termed created during the previousApvanished nine months has cent of the 20 per Eroximatelyof shares listed on the New York stock exchange has been sliced off in this period Just what has happened may best be illustrated producing some of the declines both In points and in percentages that have occurred and which are embraced in the composite picture of an average decline of 70 points in 50 selected stocks between the the year on September 19 high of low of October 24 and the Group one deals with 12 of the most active and recently popular of common the listed public utility stocks practically all of which are of the holding corporation type The declines here range from 40 points to 110 points with an average loss for the group of 75 points Then the there are 10 similar stocks from the New York curb market in which individual losses run from 33 to 160 average decline of 70 points with an 22 stocks and probpoints These are the ones 10 more or ably eight investment the which the public trusts and the trading corporations bought into most heavily during the summer and for which much higher prices were predicted as late as the middle of September CORPORATIONS HIT Group two is represented by the common and preferred stocks of and those that trading corporations are more conservative in their management but still are not of a strictThe ly investment trust chartcter average decline in this list of 25 issues is 37 points but the percentages of shrinkage range from 30 per cent to 70 per cent And more imis the fact portant even than this stocks that in a mojority of these been frethis week's procie has 30 and 40 per quently as much aswhich the public cent below that at in recent months was encouraged to buy them Next to the aviation shares no has group of newly created securitiestrad-ing fallen so flat as that of the of the corporations with most datchange in attitude toward them Blue the that the from day ing was placed Ridge corporation stock on the market It is a grave question whether the present prices for many of these mushroom security by their growths are Justified basis of the value on the “break-up- ” contents of their portfolios Group 3 includes a miscellaneous American list of stocks of leadingcome to be had corporations which “blue of as the chips" designated Wall street That they were not immune from the ravages of a market panic is evident from what has happened to them For instance General Electric declined 120 points or 30 per cent Ward 106 points or 65 Mongomery 100 points per cent Johns-Manvil- le or 42 per cent Westinghouse ElecCase tric 132 points or 56 per55cent cent company 257 points or 65 per cent per Radio 71 points or United States Steel 69 points or 28 Bethlehem Steel 58 per centor and 35 per cent with Sears points Roebuck down 66 points Simmons about 50 points and National Cash Register nearly 70 points Anaconda Copper of whose shares over were distributed considerably above par dropped to 92 compared with 140 earlier in the year and United Aircraft declined 102 points or 65 per cent while United corporation was off 60 per cent from the price paid by an enthusiastic publio last month STOCKS SHOW VITALITY Group four with 15 units in it has to do with railroad stocks which were the last to advance this year when they showed a belated recognition of the value of the O’Fallon decision and a progressive rate of monthly net operating incomes In the week's market debacle they declined from 18 to 60 points under the high of the year and an average of 31 points and were among the first to make substantial rallies af-t- er the pressure of liquidation had been lifted from the market I It is not clear at this writing whether stocks have been sufficient- -' of them are ly liquidated for most still well above the lows of the year in spite of the extreme losses indicated ebove or whether more dis-- tress selling will have to be absorbed before Wall street again regains its in such poise As always happens situations thousands of individuals have lost all their paper profits and to boot The liquidation how- ever which brought about the pan- -' icky condition on Thursday was due —chiefly to the throwing overboard of thd security cargoes of pools tradingcorporations and other finance companies and of the personal holdings of half a dozen of the most militant bulls in the east and west TRUSTS CAUTIOUS AS usual there was a great deal of by those who are always Salvaging on the ground when this work has to be done also an enormous amount of cash buying by wealthy individuals who have been on the sidelines for months and have been ‘ t A v NEW JYORK Oct 26— (AP) Closing bid: 281 Allied Chemical & Dye c 55 Allis Chalmers Mf g BOND'MART IN SELLING TREMENDOUS! t RECORD BROKEN DEMAND STRONG waiting for just such opportunities as this week’s break gave them Unemdoubtedly investment trustsliberal a to good advantage ployed $500000000 portion of the estimated cash which to $600000000 of free in the call they had in reserve money market or in short time securities in taking up stocks that when they had the courage to reject 50 to 120 they were offered to them points higher In this connection it may be said that the prolonged postponement of investment trust declined bebuying as the market 19 the end of and tween September last week was one of the factors giving holders of stocks most anxiety for it indicated that they did not during ‘that period regard liquidated "equities as sufficiently to warrant any large accumulation of them" The effect of what has happened in the stock market on the money situation and on business now comes up for consideration Money has been easy all through the period when stocks have been declining The position of the federal reserve banks has been improving rapidly with bills discounted now below one-third $800000000 or nearly down from the peak of the year and in New York nearly 60 per cent below this week in 1928 Time money is 2 per cent lower than it was late in the summer so that both from the standpoint of call loans and time loans it is no longer profitable for domestic corporations or foreign lenders to keep their funds out in these markets except as a means This of diversifying their capital tKd’tnvest-meto attention compels class of securities which has been steadily advancing while common stocks have been making their extraordinary decline Just what argument there is now for maintaining a 6 per pent rate at the New York federal reserve bank no one but the elect few seem to know Liquidation has been accomplished in stocks more scale than rapidly and on a larger the federal reserve could have anticipated and business is at the moment Just at that critical point when it should have all of the encouragement that easy money would give It is too early to judge of the reaction on industry of the loss of profits and therefore of purchasing power of the many thousands who have been supplying the demand for the products of corporations whose stocks have been prominent in the advance of the past year Obviously those of a luxury or character will suffer from the marThis will Accentuate ket’s collapse the decreasing production noted for some time in the iron and steel trade and in the automotive industry illustrated in the decreaseMo-of over 20 per cent in General tors net earnings for the September quarter The break in wheat coincident with that in stocks also affects the buying power of large sections of the country and reacts on railroad earnings and on those of concerns which prosper most when farmers are well to do It should not be forgotten however that while there has been destruction of market values actual values have not been greatly disturbed and that there is still an enormous amount of capital awaiting investment on reasonable terms After a year during which the public waved aside the element of Income yield on stocks and considered only an appreciation that might or might not come during a prolonged period of industrial prosperity there is now a disposition to return to fundamentals and to consider stocks from the various angles that conservative investors viewed them prior to the advent of our much exploited “new nt unt non-essent- ial era" FUTURES CHICAGO ble: Wheat — Oct 16-- — CAP) —Ta- - Low Close PRICES LOWER 1 IN SALES WAVE lambs $116001175 fed clipped slaughter ewes medium to choice and good $4000525 top $550 choice feeding lambs $115001250 — Oct 26— (AP— U S D A) — Cattle Receipts 300 compared with a week ago Good and choice long yearlings and light all steers largely 25 Cents lower grades of heavy steers steady general steadiness featuring common and medium grades all representative weights stockers and feeders 25 cents or more higher she stock 25 to 50 cents lower butcher heifers showing most downturns although general trade very sluggish in fat cows and heifers bulls 15 to 25 cents lower vealers about 50 cents lower extreme top steers all repmixed resentative weights $1600 best yearlings up to that price all light yearling heifers $1525 heifers and mixed yearlings extremely scarce most fed steers $130001525 grassers and short best western feds $1000010 50 grassy steers $1250 approximately 13000 western grassers in run 1800 di Sheep: Receipts 3000 rect practically nothing on sale by the week: 124 doubles from feedstations 17500 direct supply ing counter-balancin- g bearish influence of dressed lamb market lambs 25 to 35 cents righer rangers steady to 25 cents higher fat ewes 25 cents $1325 higher top native lambs rangers $1300 fat ewes $550 bulk prices: Fat native and range lambs $125001300 fat ewes $4500525 feeding lambs steady bulk $1250 1300 numerous loads choice at CHICAGO - Ticker Falls 20 Minutes Behind Market In New York By STANLEY W PllENOSIL (Associated Press Financial Editor) Oct 26 — (AP)— NEW YORK A further backwash of selling carried prices' moderatel ylower in a comparatively quiet session today The ticker fell only about 20 minutes behind the market in contrast to the delay of hours on Thursday and considerably more than an hour yesterday The great accumulation of reassuring statements by leaders of busines sand finance as to the fundamental soundness of conditions capped last night by a statement by President Hoover had tended to quiet the market considerably but many traders who had suffered a severe nervous strain while hanging on to their stocks during the week had lost their appetite for speculation and decided to unburden themselves of their holdings to have a peaceful week-en- d TO UNLOAD STOCK Furthermore definite indications that banking support which came into the market late Thursday and yesterday has no other interest than stabilizing prices made the prospect of any immediate substantial upturn rather discouraging Also the fact that much stock bought for support purpose will be unloaded on advances and tend to hold stocks stationary causing many traders to lose interest in the market for the time being Business news was fairly encourtrade reviews aging The week-en- d stated that there had been some falling off in retail trade but attributed it largely to unsatisfactory weather conditions Further railway earnings statements for September were fairly satisfactory WIDE ASSORTMENT At the opening of the market there were a wide assortment of gains of one to five points Case point and Threshing jumped 14 Hersey nearly 10 points the latter being reported as included in a projected food merger1 Much of these advances were later lost however General Electric was depressed shares as nearly 10 points and such Westinghouse Electric Johns-Manvil- le Simmons and Columbian Carbon about six to nine points American' Can American and Foreign Power Eastman Kodak Macy Columbia Gas and Ludlum Steel lost three to five points United States Steel sagged a little but again fluctuated in an extremely narrow gauge indicating strong effortslev-at stabilizing it around the current el A few shares reached new lows Hupp sagging to 29 points 2100-000 Total sales approximated and the closing tons was distinctively heavy $1325 KANSAS CITY Oct 20— (AP— U S D A) — Hogs Receipts 1500 weak to 10 cents lower than Friday’s average top $955 on choice 170 to weights desirable 180-pou- nd to weights mostly $9300940 few 280 to butchers $900 0925 odd packing sows $7500825 Cattle: Receipts 300 for weak weighty beef steers weak to 25 cents lower other slaughter steers steady except common grassers 25 cents or more higher she stock bulls and veals generally steady choice yearlings $1625 new top for recent weeks supplies mostly short fed and grassers bulk fed steers and yearlings $115001350 straight grassers $85001075 top heifers $1425 bulk $100001325 best beef cows $950 bulk $6750825 cutter bulls grades $5250650 medium re$7000750 choice veals $1350 ’ placement steers 25 cents higher bulk $97501175 few light stockers and calves $120001250 Sheep Receipts 4000 today's run entirely direct or bought to arrive for week: Lambs 25 to 40 cents higher aged sheep 25 cents higher feeders steady bulk fat range lambs $125501275 choice kinds quotable at $1300 bulk fat range lambs lambs $122501275 choice kinds quotable at $1300 late bulk natives $115001255 top $1250 clipped Colorado lambs $1175 several loads fat yearlings $975 two year olds $853 fat ewes $4000550 feeding lambs $115001235 ST JOSEPH Oct 26— (AP— U S D A) — Sheep: Receipts none cents ! for week: Lambs fully 25 up higher sheep 10 to 15 cents feeding lambs steady top ' range OMAHA Oct 26— (AP—U S D lambs $1290 week’s bulk $12550 slow 1285 best natives $1255 most sales A)— Hogs: Receipts 4500 butchers nd light hogs mostly 15 $115001200 top ewes $550 bulk cents lower packing sows 25 to 35 feeding lambs $120001255 few upcents lower top $925 on choice mediu- ward to $1250 m-weight butchers bulk 160 to ANGELES Oct 25— (AP— weights $9000915 long U LOS D S for 200 to weights week 4100A) — Hogs: 15Receipts strong to 20 cents mostly $910 packing sows $77’ 810 feedlower week’s top $1165 closing er pigs $850 900 to 150 $1135 sows mostly $3500955 Cattles Receipts compared Cattle: Receipts for the week week ago fed steers and yearlings uneven yearlings and light steers 5500 all classes closing slow weak fully steady weighty steers and me- to 25 cents lower top yearling steers dium weights weak to 25 cents $1240 bulk $95001155 Mexicans bulk heifers $7750955 lower she stock steady to 25 cehts mostly cows $675 0 865 top bulk $3550950 most bulls heifers fully up higher 25 cents Jhigher veals weak to 50 $900 cutters and low cutters $300 655 bulls $6500800 calves refeeder cents lower Stocker and steers 25 to 50 cents lower bulks for ceipts for the week 1500 steady the week: Fed steers and yearlings bulk calves and vealers $100001375 Sheep: Receipts for week 854 kill-n- g $13001500 weighty steers $1525 classes strong to 25 cents higher $1575 yearlings weights choice lambs $100001200 bulk $1585 fed heifers $127501375 quoted to $1255 common to good grass heifers $87501000 beef cows ewes $4550585 few loads $8500900 4 r bulk all cutters $5400650 medium 26— Oct SAN FRANCISCO (AP native bulls $7’0 0825 practical veal — S D A)— Hogs: Receipts for top $1350 few $1400 bulk me- theU week firm 2950j direct 675dium to good stocker and feeder numerous early closing weak few loads 160 steers $9 75’ 11 25 Idahos $115501145 choice loads $115001225 yearlings to 160 to Califomias bulk stock feeders $1300 $1275 fleshy $111501155 light lights and pigs calves $1375 $107501100 local fed'- - packing Sheep: Receipts 2200 i today's sup- sows fed to clipclosing weak to 25 cents lowand directs packers ply er bulk to $9000955 today receipts ped lambs strong weight bought arrive at $1160 compared to a we'ek 50 few local feds $1100 packing ago: Killing classes strong’ to 25 sows $900 Cattle: Receipts for week 1450 cents higher feeders weak to 25 cents lower closing bulks follow: steers firm cows weak to slightly Fed wooled and range lambs choice lower two loads good $125001260 natives $1225 01260 steers $1100 bulk medium to good 170 270-pou- nd 325-pou- nd 1066-pou- LIVESTOCK 300-pou- nd 280-pou- 1102-pou- nd nd - 185-pou- nd 200-pou- nd ! -- ’ 900-pou- nd v nd t i I 4s 5s POTATOES CHICAGO Oct 26— (AP-- U S D A)— Potatoes—Receipts 134 cars on track 448 cars total U S shipments 863 cars trading rather slow market about steady Wisconsin sacked Round Whites $2500265 Minnesota North Dakota sacked Round Whites $230 0240 sacked Red River Ohios $2400250 fancy shade higher ordinary $225© 235 South Dakota sacked Round Whites $230240 sacked Early Ohios $2400250 fancy shade higher Idaho sacked Russets $290 0335 mostly $3150325 SALT LAKE CITY Oct 26— (AP— U! S D A)— Potato shipments: October 25— Total United States shipments 963 85 Principal ' states— Colorado Idaho 115 Maine 242 Minnesota 136 Nebraska 56 New York 27 North Dakota 37 Pennsylvania 27 South Dakota 37 Washington 65 Wisconsin 47 i ’ M ! American Can American Locomotive American Smelt & Ref American Sugar pfd American Tei & 'Tel American Tobacco American Woolen Anaconda Copper Armour pel pfd Atchisonb T & S 153 i 104 266 216 11 102 83 231 27 103 65 37 210 220 82 241 32 127 4414 47 Vs 48 Congoleu m 18 114 36 44 41 185 101 166 Com Products Coty Cudahy backing Davison Chemical Delaware & Hudson Drug IncDu Pont Eastman Electric power & Light Erie R R General Asphalt General Electric General Motors Gold Dust Goodrich (B F) Graham Paige Grat Northern Ry pfd Hupp Motors Illinois Centrals International Cement International Harvester - International Nickel International Tel & Tel 49 66 64 296 54 28 134 59 45 102 6 76 12 63 41 X115v 98 54 37 86 Miami Copper Missouri Pacific 144 do pfa Montgomery Ward Nash Mbtors National Cash Register “A” National Power & Light National Surety N Y Central NYNH & Hartford North American Co Northern Pacific Packardj Paramount Famf Lasky Pennsylvania R R Pullman Inc new Radio Dorp Reynolds Tobacco ’B” St L & San Fran Ry Schulte 74 65 94 40 96 209 123 115 97 21 60 96 86 ’ s South Calif Edison Southern Pacific Standard Gas & Electric Standard Oil of Calif Standard Oil of N J Standard Oil of N Y Stewart! Warner Speed Texas Corp Studebaker Texas Gulf Sulphur Timken) Roller Bearing Union Carbide Union Oil of California Union Pacific U S Rubber U S steel Westinghouse Electric Western Union 59 54 256 46 k 3 14 4 GRAIN Layton Sugar Mt Sts Tel Sc Tel Schramm Johnson pfd Standard Coal ) Utah Fire Clay Utah Gas & Coke 1st pfd Utah Idaho Sugar common f do pfd s Utah Oil Utah Home Fire Ins Idaho Cement jUtah 8s pfd Utah Power & Lt 7s pfd do 6s pfd Walker Bros D O ' pfd wheat narvest is estimated to be 500000000 bushels les sthan that of last year and will result in a very low carryover this season Relatively little notice by wheat traders today wfes taken ' of stock market t fluctuations Wheat closed firm 1 cents to 2 cents a bushel higher than! yestercent to day’s finish Com closed 1 cents down oats unchanged to cent up and provisions unchanged to a setback of 20 cents Evidence of active European demand for wheat from North America helped to stimulate lively gains at times today in prices here for wheat future deliveries Winnipeg advices said that export dealings in Canadian wheat were on a large scale ad there were messages at hand showing that United States wheat both hard winter and dur-ualso have been taken for shipment tq Europe TOLEDO Ohio Oct 26-- (AP) —Wheat— No 2 red $1260127 Clover seed —February $1150 Timothy seed— Cash old $250 bid new $2170 December $285 March $300 bid Oct 26— (AP)— OMAHA Neb ms i No 2 f 4 white CornNo c No 3 80c No 1 yelyellow 83 c No CHICAGO Oct 26— (AP)— Wheat 2 No 1 bard $1190119 $119 northern spring Com--(Ol- d) No 1 yellow 93094c No 2 white 93e No 4 yellpw 840 85c No 4 white 85c —No ) Oats--- No 2 white 02 64 05 Big Hill 41 Black Metals '05 Bingham Metals 04 Bonanza Mining 01 Bullion 23 Cardiff 08‘J Central Standard 270 Chief Cop Columbus Rexall T i 15 Coriibined Metals Colorado Con 275 04 17 10 100 03 45 02 03 35 01 24 26 122 125 U8 17 03 78 77 01 ’ 04 04 06 62 40 - Howell Iron King 08 67 43 20 il5 s 0 Ui 03 95 te East Crown Point East Tintic Coal East Standard Empire Mines i Eufeka Lily Eureka Bullion East Utah Equity Oil Gold Chain Great Western i 03 30 09 08 04 10 02 Crescent Eagle Crown Point Croff Dix-But- 03 m 06’ 04 06 03 03 044 225 125 05 115 175 100’ i 03 110 Z C M I 47c047c 8000 9800 ioo’oo 125 600 950 135 650 Big 'Hill 300 to 64 300 at 1000 Chief Con J00 at 270 $0000 31000 ” East Tintic Con 200 at 55 Eureka Lily 900 at 125 10300 10500' i Eureka Bullion 100 at 77 East Standard 2000 at 1 10700 10900 Lehi Tintic 1000 at 6 Moscow 1000 at 132 9900 10100 9700 10000 9100 9300 'll ' Bingham 1000 127 Montana New Quincy 1350 62 I- BONDS Park Utah 150 at 160 at at 100 65 50 at 1J65 5 600 47-5- 47 ’ 90c - May asked KANSAS CITY Oct 28— (AP)— quoted at $120001400 2470 Wheat: week for Receipts 104 cars ton© Sheep:! Receipts cent two higher No 2 dark hard $1 28 decks of lambs 25 cents higher No fat weights $1160 sever- No 3 $116 smutty $1100113 2 No 2 $1130 to hard medium al decks good grade $1150118: smutty $110 No 2 red nomshorn $110001155 with light sorts 117 $100001055 good yearlings $900 inally $1220125 No 3 nominally common to medium $7000800 me- $1120117’ Close: December $118 May dium to good ewes scarce $4000550 ' today receipts 570 generally steady $127 Cora: Receipt 17 cars tone unfour decks medium to good 65 to r No 2 to lambs $1100 changed Oregon - Cora-Decem- ber 88-pou- nd 71-pou- nd cent-highe- at 90 i! H i BUTTER EGGS SAN FRANCISCO Oct 25— (UP) (wholesale pro—Dairy market ducers’ prices) Butter— 92 spore 48c 91 score 47c T 90 score 46c r Eggs retail grade— U S No 11 extras (large) 54cJ U S No U S No 1 extras medium) : 4ic extras (small) 30 c Cheese— California fancy flats 23c Oregon triplets 23 c CHICAGO Oct 26— (AP)— Buttubs 7533 ter — Easy receipts standards creamery extras 43 c 42 c extra firsts 42043c firsts 38 ©40c seconds 37037c Eggs— Steady receipts 4687 cases Extra firsts 45046c: graded firsts 44c' current firsts 39 0 43c ordifirsts 36 0 38c refrigerator exTrust nary Bankers 38 He 8500 8000 tras 380 refrigerator ' firsts Columbia Trust 13900 14200 37©37C - Conti Natl 4- 30500 31000 Desert ?atl CURB 21200 20800 Deseret Savings NEW YORK Oct 26— (AD— 14000 14300 First Secy Corp DO 170 18500 Curb quotations closed: Utah Savings 29T00 30200 Continental Oil Utah State Natl 20200 20500 Electric Bond &8hare Walker Bros 102 33500 34000 Electric Bond & Share pf Zions Sav & Tr 172 Electric Investment i Pal 165 of Oil Gulf Corp 85 0 Hecla Mining white 97c No 3 nominally 18 3 nom86c No 2 yellow2 90c NonominalNational Power and Light pf 29 7 New Bradford inally 89 0 90c No mixed 85© Standard Oil of Ind ly 86087c No 3 nominally 86c I LOUR Close: December 87c May jI MINNEAPOLIS Oct 26— (AP) 95 n k Oats: Receipts six cars tone un- —Flour 15 cents higher Family 3 patents quoted at $8950705 a barNo 46c changed No 2 white v cotton sacks ' rel in 45 C 40347 91092c Shipments Nominally Bran— $2850? 29 50 0 Rye— Bariev— 56c 4-- 4- “ 98-pou- nd ) i! : 4 4 4 444444 47 4s 4s 4s 3s at ' Silver King Coalition II- 87 Silver Shield1 1600 at 13 Walker 200 at 550 200 at 5D5 Yankee 1000 at 3 Tintic Giant 400 at 16 Monarch Lead 450 at Tintic Lead 100 at 11 Crescent Eagle 500 at 4 North Lily 10 at 450 100 at 465 Park City Con 300 at 1115 at 11T Park King 750 -- No 4 white 45c Rye— No 1 $100 GOVERNMENT BONDS Barley— Quotable range 58068c NEW YORK Oct 26— (AP)— seed$485 0555 Timothy U 8 government bonds closed: seed— $11001900 Clover 32-8810 3 Ha $ Liberty Lard4$1060 9912 Liberty first 44s Ribs— $1100 9980 first regular Liberty Bellies— (Old) $1070 9956 Liberty fourth Bellies— (New) $1087 9950 Liberty fourth 4 Vis regular 2 11053 Treasury ST' LOUIS Oct 23— (AP)— 1940-4- 3 8858 Treasury winter Wheat—No 2 red Cash 43-9856 Treasury 3 & 2 hard No $127 $119cj Com-i-- No 2 mixed 92 He No 2 2 white 93c 4 Oregon and Nevada grass steers yellow 9$c 3 No white 43048c Oats— Nq practical1 top on cows $800 bulk cuiosc medium $675© good $7500800 May Wheal—December $122 750 commons $5000650 low cut- ters and cutters $2500300 bulls $6500750 calves receipts for the week 10 good to choice light veals $100 ' 65 55 7700 ' ’ 103 10450 10650 statement that the overin the wheat market fact riding situation is that this year’s world Corah--(New- 05 40 05 02 65 08 06 20000 21500 15700 16200 Hoover’!! mixeq 86c t Con Michigan Merger Tunnel INVESTMENT SECURITIES 4 By JOHN P BOUGHAN (Associated Press Market Editor) CHICAGO Oct 26— (AP)— Huge for buying of North American wheat about 5000000 shipment to Europe 48 hours sent bushels in the last wheat values soaring today Special attention on the part of wheat traders was also given to President 2 Alta Alta Alta Alta Asked i i low 86 Bid b Asked Bid com $ 130$ 155 Amalg Sugar 6500 6800 do pfd 1625 1725 Columbia Steel com 9800 10100 do pfd 325 350 Con Wagon 9800 10000 Dixie Power pfd 62 58 Ind Coal 230 $U5: LISTED STOCKS INDUSTRIALS 87 54 1 hard WheatH-N- o hard $lll3©118 Brokers Eccles Bldg 225-- 6 (As reported by J A Hogle & Co 203 179 nd A Hogle & Co Keystone Kennebec i Lehi Tintic Leonora Little May Mason Valley Mammoth Michigan Utah i at $900 to $1200 Hogs The week’s supply of hogs Monarch Lead consisted mostly of trucked-i- n stock land prices were generally steady with last week’s late sales “The bulk Of desirable weight butchers brought $965 to $975 and underweights went mostly at $900 to $950 The bulk of packing sows were sold for 750 to $825 Sheep: Receipts were smaller than for any recent weekly period but for the practically all the run was Around 17444 were local market unloaded and over 15000 changed hands locally at prices which looked Fat lower than last week’s level lambs in carload lots were sold witl-i- n a range of $1110 to 1L50 and feeders at $1100 to $1125 A few decks of choice ewe lambs brought $1225 to $1275 Good trucked in lambs cashed at $10900 to $1025 and ewes at $400 to $475 f— 34 68 135 146 69 72 39 52 58 58 63 105 104 49 Skelly Oil Woolworth Co General Foods 1 30 Sinclair Con Oil’ Willys-Overla- j 115 12 127 ck 0 I' Quotations Furnished by j '101 Lambert! Co Myers Tobacco B Liggett Ss Loew’s J J i 51 61 13 106 Kennecott Copper Kolster Radio Kraft Phenix Cheese Kresge (S S) day October 26 1929: Cattle and calves: Receipts this week were larger than for Any previous week this year A total count of 5141 head were unloaded compared with 4504 last week As to quality there was some improvement over last week’s supply A feature of this week's run was a tra: load of good cattle from the Jackson Hole district in Idaho consisting of steers heifers and co Prices were steady to strong with possibly a few spots slightly higher Six loads of the Idaho steers averaging around 1050 pounds made the week’s top at $1090 Numerous loads of good beef steers were sold within a spread of $1000 to $10j85 Medium grade steers brought $900 to $975 Feeder steers of medium and good quality were sold for $825 Common steers scaled as low to as $600 to $875 and $900 was paid for a few loads of gobd Idaho heifers The bulk of medium and gpod heifers brought $750 to $885 Common heifers ranged downward to at $600 The best cows cashed $800 to $825 and the bulk of medium and good kinds went at $700 to $775 Cutter land common slaughter bows and medium and good feeders brought $6000 650 Low cutters and cutters brought $325 to $600 Bulls rated mostly at $600 to $700 and the bulk of veal calves 9-5- 223 : Kelly Springfield Sears-Rpebu- By STEPHEN BRAY (U S Department of Agriculture) Summary of the Ogden livestock market for the week ending Satur- 97 Bethlehe m Steel Burroughs Calumet & Hecla Canadian Pacific 4 C&SG Cerro d( Pasco Chesapeake & Ohio C M St P & Pacific C R I 5: Pacific Chrysler Coca Ool a Colorado' Fuel & Iron LIVESTOCK Vs 1031 A Barnsdaljl BY SALT LAKE MINING STOCK SALES OUTLOOK FOR BONDS 1 'I 1 The number of economists and market students 'frho are market isar predicting a turn for the better In the bond not spectac-ula definite and though steadily increasing ' J is occurring change to 1 per cent more than Good bonds now yield from as diversity ta security hold-a good common stocks and now recommend that at least we ings is advisable of one’s profits in stocks be taken and invested in gart tbne to The statement that the present Is a favorable eco-sound get one’s capital safely Invested rests upon nomic information t J A HOGLE k CO Bond Dealers And Stock Brokers Cedes Bldg Main Street Ogden Salt Lake City Phone 3449 Wasatch 77 |