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IRREGULAR CURB CHANGES. NEW YORK, Sept. The curb market started to rally in' the early trading today. but ran into fresh pressure toward selling Trading was fairly active. but some of the leading issues appeared to meet support around yesterday's final declined nearly 10 points at one time. Woolworth Ltd. sagged considerable selling pressure, but Ford Ltd., held about steady In the utility division, Electric Bond and Share recovered for time. apparently under influence short COVering. Much of morning advance of 1% points was lost by early afternoon Gas and Electric was firm for time Cities after fractional sag. Middle West utilities eased slightly in fairly active trading. Gulf Oil lost points, and Humble also declined. Standard of Indiana declined moderately Utilities Power and Light was sup. ported. on the by the that would not be adversely as result of the depreciation in exchange. The company operates important properties in the vicinity of London Glen Alden Coal fell points Prices raWied in the last hour and the market closed firm. A SETBACK IN LAMB PRICES. An encouraging advance of 50 to 65 cents in fat lamb prices on days this week, compared with the 20year low of was partly lost in setback 25 to 35 cents at the Kansas City stockyards today The setback however, was not surprising as the advance, as total arrivals here this week. nearly 60,000 head. are the heaviest in more than three months. The top Monday was $6: the top yesterday, $6.65, and the top today Most range lambs here today sold at to although strictly westerns were quotable up to or possibly The limited offerings of native lambs sold at 83.50 to $5.50 Mature fat sheep were for the day and the week Nominal price range of various classes of sheep and lambs follows choice Feeding hogs was active at mostDemand for and some sales to ly steady prices, packers, who paid up to compared with $5.15 yesterday were possibly stronger. The top today was paid on choice 200 to 240-pound ages to both packers and shippers Bulk of the destrable hogs sold at $5 although underweights and above. ranged down to were steady and pigs selling Packing $3.25 to $4.25 and $4.25 to Average price of hogs at Kansas City Thursday was $4.95 average weight 206 226 weight pounds; $4.33 weight pounds. of sales for various weights Range and classes of hogs Light weights 180-200 pounds weights Heavy 290 100 130 pounds prices in Steady to strong an active trade on the light Friday receipts generally plain slaughter cattle. There was still fairly sizable end supply of stocker and feeder available unchanged prices. cattle Several loads of medium to steers and yearlings sold at with plain straight to steers down to few veal reached $9, while the bulk sold at $8 and down Nominal range of for the various classes of cattle is as follows pounds pounds pounds weights and grass grass and canners and (milk 250-500 pounds and feeder calves Livestock receipts with are here Wk Yr and markets 000 Kansas Chicago City. 400 Tomorrow's Livestock Estimates. Bureau of agricultural estimates of livestock for Kansas City. 200 cattle 1,000 sheep: 200 cattle and 2,500 Livestock Elsewhere Chicago 24,000 including 10 to cents lower orally steady all load dlum weight steers $9.85 most and year lings eligible to less selected upward generally steady to strong: spots higher choice natives East St. Louis Sept market 10 top. $5.40 Cattle- 800: calves 700: cents lower: other classes about steady cleanup trade Sheep- market steady bulk desirable lambs to packers city $6.50: $2.00 down. Sept. fairly active steady cents lower than Cattle- 650 calves. 50: killing to stockers feed. steady and ers unchanged: choice 957-pound $9.50: good steers. $8.40: few loads direct: no desirable fat feeders offered: few quality killers similar grade feeders. 50: undertone weak feeders Omaha 25. generally slaughter and stock bulls strong: scarce strong 50 cents higher: stockers and light bulk fed and yearlings few Sheep- Receipts run lambs: market not established bidding $6.25 for choice clipped and wooled lambs: loads good $4.50 Pork Products in Chicago for ture delivery Open. LARDSALTED Oct New York Rubber Quotations. tures closed Duluth Sept. 25 closed September spot cents Flax Sep. $1.33 up 2% New York Rates for Money Prime paper firmer Bankers acceptances days 1% per cent : months 1% AN ADVANCE IN SILVER. New York Sept. Bar silver 1% cents an here advanced futures million Quotations Silver December 30.80 A further setback in sterling exand unfavorable comment on the export business in the near future together with the big break in stocks yesterday after the grain market combined to press wheat futures 1½ cents in the early this morning. In the later trade the market due stocks and the market closed the day's high evel. with net gains of 1/2 for the day Coincident with the decline in sterling to $3.50. Liverpool wheat futures ranging about hundred most of which was lost, the market closing penny % higher The loss of about cents for the day. Winnipeg followed the trend at Liverpool and closed cent lower to % cent higher No export trade of consequence was in the past twenty four said most aporters, particular ly millers, had fair stocks on hand and were able to await more set tled futures sagged in sympathy with wheat The more active deliveries lost to %. with 32% tents her and 36% cents The of about lion bushels on Chicago September contracts were Range prices for and delivery KANSAS for Thursday prices for futures in May December 32% for Thursday Opening for grain futures were -September March May. Corn 38% March May 21: May 40% in Minneapolis cent: May 60c. futures in closed May. : prices Louis Wheat cember up May On the carlot No 47c: No. yellow corn. No. white Closing prices for wheat futures in Liver May 2d. Spot No. Northern winter On the basis $3.89 for the pound sterling wheat March May about cents than vesterday in American money. Kansas City Carlot Grain Prices. Wheat prices were unchanged to the Kansas City carlot market The was dark wheat 2 hard. nominally sales dark hard. nominally sales dark nominally hard sales No. hard sales nominally sales 400 sales sales nominally mixed Carlots fair demand at prices. basis was corn. white No. sales nominally No. No. sample No. mixed nominally mixed nominally mixed nominally No. sales 36c were fair demand Prices were white nominally 26c: No nominally No. red sales 23c Kafir and slow demand nominally 66 nominally 300 sample. sales feed for carlots of feeding at which local dealers sell, are shown: shorts. mixed ground meal 34 per cent per pure 37 cottonseeu and cent cold pressed flake $18 alfalfa meal, No fine $17 No. $15.00 $11 alfalfa feed bean meal 40 per cent protein. $23 00: carlots $30 00: Grain Futures Transactions. Open interest in and corn fut and the volume trade are in here of bushels 1000 KANSAS CITY OPEN INTEREST Wheat TRANSACTIC Wheat City Wheat Wheat day. 000 year 000 New York Coffee Quotations. Rio futures closed to points lower: points March violent and rapid in today's stock market reflected the state of nerves in Wall street resulting from the sweeping advance and abrupt drop the past two days After an carly upturn 81 to $8. a setback occurred in the late morning and in which losses of $1 to $6 appeared in several issues Early rnoon saw number of gains of 81 to $7 restored. but selling was again encountered on the though firmer tone developed later Extreme advances of about $3 to share were made by United States American TeleNew Ha and New in the early afternoon upturn but of this upturn was The market again rallied in the hour, and the market closed strong with advances of $3 to $7 in some of the leading issues, there much irregularity in the final dealings The market was unsettled for time by an increase in the Federal Reserve Bank's buying rate for bankers acceptances, reflecting yesterday's large offerings of this form of credit from abroad, and the reactionary tendency in the Paris bourse After closing time in Paris, and rectification cable error which Wall street financial ticker erroneously announced French bank suspension there was relief from the uneastness over the foreign situatitoin An early break in sterling exchange to new low was disturbing influence. but substantial recovery OClater. in the first half hour were to 30 p. shares; to 2:10 WALL STREET COMMENT. The stock exchange board of gov. ernors decided tighten up their control of short selling by requesting daily reports stock sold short and bought the same day This was evidently aimed the operations floor who have been able to sell short. and then before the close. thus showing no short interest at the end of trading Brokers' loans. due to the further drop 64 million dollars reported for the past week, are now at the lowest level since the middle of December 1923, aggregating 1,207 million dollars. The contraction was due almost entirely to the fall of 58 million dollars loans advanced for the account out of town institutions. Loans by local banks for their own account rose million dollars and loans were down dollars. The present low figure contrasts with September. 1929. peak of 6,804 million dollars. Member bank security loans as shown in the last weekly report ag. gregated 6,414 million dollars. pared with the record peak million reached late in October, 1929. but still far above the 1923 levels in late August of that year the total was 3,955 million dollars rallied on Chicago Stock Exchange today The close was with few the less active stocks showlarge Commonwealth Edison rose 4 points to 160 and Public ran up 3% to 74. each retaining most of the gain Insull advanced Middle West closed unchanged. Cities Bendix advanced 1½ Borg. Warner and Cord National Battery dropped Chicago Yellow Cab Waukesha Motor and Perfec fell Walgreen Food Products and Libby and Swift International NEW YORK, Sept. 25. one seems able to adequately account for the erratic course of the stock market in advancing vigorously Wednesday, declining violently yesterday, and rallying again today. No one seems able to trace the source of the large buying that rushed one day and the heavy selling that sent the market down quickly yesterday. In neither case was there any intelligent based on the news. Volume was too large both days for professional operations alone Sentiment in Wall street and among outside in the market is more confused and unsettled than at previous time since the 1929 collapse. The financial district has been full ugly rumors for some time pastof sort that would hardly be mentioned in reputable circles-they are CHIC AGO STOCKS IRREGULAR Some said there were Indications of heavy selling for foreign count. but that does not seem rea. sonable in view of the fact that the United States the safest country in the world to have investments and money at the present time. President Dame of North American Company denies that any chance of reduction in the 10 per cent annual stock dividend. to that effect have accompanied the big "decline has occurred in the company's stock. It dropped below 42 York Federal Bank day had raised its buying rate bankers' one-fourth of per cent bring it in line with the open market INCREASE IN SAVINGS. New Sept. 25.-(A. net crease of $3,664,518 held by savings and loan of New state was shown in figures or August, leased by the New York State League Savings and Loan Associations. The her savings accounts decreased 226 for for the but there net of 4.677 year ALLIANCE. O., BANK FAILS. ple's Bank here today and was turned over to the state partment of was capitalized $100,000 Deposits million. Recent heavy and frozen assets were blamed for the by BOARD OF TRADE STOCKS. RISE AND SETBACK IN BONDS. NEW YORK, Sept. bond market after during the first hour. Railroad and United States government issues generally higher for time. Temporary gains of about point were fairly common among the more speculative loans of the former group, although earnings reports for with August compared last year. Liberty and treasury were generally higher but trading in most of them was This upturn was presumably reflection of the action of the American Legion convention in voting against immediate cash settlement of insurance bonus Unsettled conditions in foreign financial to the slump in foreign obligations, more active than the utility Foreign Bonds. Foreign Total $4,400,000. and industrial groups. United Kingdom of 1937 German of 1965, Italian 7s Sau Paulo 7s of 1940 and Uruguayan 6s all active with losses ranging from to several Wide losses were among all grades of industrial and public utility 61/28. Oil of New York of 1951 Shell Union Oil 5s, Union and Power 5s and American Telephone 58 of 1960 were examples of this trend. after denote 32ds. year NEW LOW FOR STERLING Drop of 37 Cents Followed Recovery. New new Sept. of the British for night drop 37 cents. and $1 Later rally were wegian declined similar drop Swedish krona sagged Other Foreign in Holland 4.45; 11.20 14.06 peso) LONDON STOCKS FIRM. Sept. after an active strong and tion below the best British flat on the in sterling and Paris. the Bourse was the New York yesterday and the reached by during the past two days. the COUNTRY'S BANK New York Sept. this week for the leading United reportedito totaled 7,226 million dollars. less than week and per than year Outside were cent less than year ago. Public Service Corporation of New Jersey Dividend No. 97. Stock Dividend No. on Cumulative Preferred Dividend No. 35 on Cumulative Preferred Dividend on $5.00 Cumulative Preferred The Board of Directors dividends the of per on non being are payable to Dividends on 6% Stock are payable day each Public Service Electric and Gas Company Dividend No. 29 on Cumulative Preferred Dividend No. on Stock Cumulative Preferred of Directors $5.00 Company. Dividends September record ber at of WIDE SEE-SAWS IN STOCKS. Spring Carb Trucks Pac Sales High Affiliat Ont Amer Sales Net Redue Dye Note Internat F Ref Wks Hem 100 shares sold at ADVANCE IN ACCEPTANCES. Ltd x Domestic Zonite Prod Total sales were shares. comwith week and Ex Hydroelectric 50 cents International Match Union Telegraph. $2. Bid and asked prices on Kansas City Board Trade are here shown: LISTED Accept Trust Combine Leaders Lee new Trustee Auto Asso Tel. Stockyards Stockyards ********** ex-w Tiger Mining Co. Mining Co. Tel Bond Share Fifteen per cent of the people that TITLE INSURANCE enter the average book store depart without buying, says an expert, 10TH AND WALNUT STS.
