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Transactions on the New York Stock Exchange
Atmosphere Is Restrained But Market in General Gives Good Performance.
By GEORGE T. HUGHES Special NEW Oct made upward in There was no no to phere. but the market in general good Possibly the selling or posway felt the sibly was decided response Washington should for appear in bonds rather in volume in the share market fell In first hour the turnover the same period Active preceding turning the more type of bonds speculative Utility Shares Meanwhile pressure forced against favored the regained part the Telegraph Public Service ground New was and Conof Gas All these stocks selling on reasonable ratio the popular price making allowance industrials stability of the the greater utilities the industrials Rails did street goes from th future of was being done for the the Pennsylvania Notably Firm. Whether that was to come the in way was explained some New York Central uncerbut the toward tainly most levels Norfolk Western adhigher vanced point Penn sylvania was notably firm when other were As for the Chemical Kodak General Motors Eastman up Local traction stocks in the of Manhattan Rapid up at one time Steel ranged close but was held back by uncertainty action on the dividend to about taken Oct The unfilled Sept be tonnage public after the expected to show another
BUILDING PERMITS
Prev. (Prev. 1931) Prev. (Prev. 1931) Prev. (Prev. 1931) Prev. Open High Low Open High Low High Stock and Div. Close Low Stock and Div. Close Open High Low High Low Stock and Div. Close High Low Stock and Div. Close Open High 16 16 5% 4% 151/4 Third Ry Freeport Tex 161/4 16% Petrol Corp 3% 7% Tide Oil. 52 Phelps Abitibi Phil Rd Timken Adams Expres % Motor 23% Timk Roller 25 26 26 Gen Tank Philip Morris Adams 1% Tob Products 64% 64% Asphalt Phillips Petrol 52 9% Gen 14 Prod 13% 13% 15% 15% Pierce Arrow Alaska 25% 14% Pierce Transamerica Albany Bronze 3% Pierce Petrol Cont Cigar 52% 52% 22% 51 Con Cor 37 201/4 Pillsbury 68 Allied 24% 13% Poor Truscon 14 Gen Prairie Pipe Twin Am 6% Pressed Stl 18 Am Bank 201/4 221/2 .30 46% 30 30 30 Proct 30 33% 75% Und 4% Am Gen Mills 3 64 7% 7% Ser 38 Am 21% 21% 48 Gen Un Bag 139% 103% Gen Motors Pullman Inc Union Gen Service Oil 5% 112 981/4 Union Pacific Purity 14% pf 33 1% 1% Uni Pacific 48% 15% Uni Trans 51% Gen 12% 13% Gen Theaters 10% Radio of Am 12% Air Gillette Radio Cor United Glidden Co Radio Am Bosch. 10% 521/4 54% 55 United Carbon 4.20 Gobel Adolph Reading Gold Reming Rand United 31% 75. 12% 12% Goodrich Motor United Corp Am Corp 30% Am 9% Goodyear Tire Rep 43% Goth Hose Reyn Metal Reyn 38% 9% Gas Graham Am 19 19 Granby Richfield 13 102 Grand Ritter Dent 10 Ins Cor. 8% 8% Grand Union 3½ Mill 25% Grant 42% Dutch 52 Gt Store 301/2 Freight Gt 38% Safeway 26 22% 23% 23% Gt 30% 91/4 12% Hoff 1% 62% San 23% Alcohol. 22 221/4 23% 8% Gulf State Steel 6% Schulte Ret Ind 8% Seaboard Leather 3% 4% Sumatra Hanna Seaboard 12 12 12 12 129% 129% Roe Realty 17% Rubber Co Hawaii 12 12 Hayes Copper 15 14% 14% 103% Hershey 11% Servel 104 Sharpe S&R Shattuck 12% 152% 621/4 Hoe 40 20 22% Hol Furna Shell Union Theater 31 Houdaille 3% Shub'rt 19 23% Simmons Co Anaconda 141/2 Simms Petrol Vadsco 36 131/4 Oil 18 17% 121/4 Vanadium Snider % Hud Virg Caro Chem Dan Socony 60 20 Hudson Motor Armour 28% Edi Armour 3% Hupp Wabash Armour 18 Wabash 4% Ind Motorcycle 1% 17% Wald'rf Appar Ind Indust Walworth Co Assoc Ingersoll B. Ward Baking 4% Warner Pic Interboro Rap Warren 59 64 Rubber Warner Quinlan 23% Atlantic 10% Int 121/4 Wesson Atlas 22% 103% 105 West Oil Auburn 97 Carriers 3% Western Austin Cement 95 30% 31 2% 2% 2% 2% 281/4 Corp Int West Brak Sterling Secur Int Westing 9% Sterling Locom Int Int Match 10% 10% Stewart Int 13% Stone 47% 23 25 25 25 Bambgr Int 26% 66% Bangor 28 10% Superior Oil Int Superior Steel Barnett Interstate Wilson Sweets 4% 5% Investors Wilson 33 Bayuk Cigars 21 49% 49% 521/2 42½ Woolworth 2% 2% 2% MONEY AND EXCHANGE 90 2% Tenn 25 25 711/2 28 20 Worthing Pump 25 24 29% 81 Texas 57% 58 58 57% 57% 80% 50% Wrigley 24 20 FOREIGN EXCHANGE 80% Bel 55% 63 102 Jones NEW Bendix 15% 30 14 14 14 121/4 Yale Towne 22 Thatcher Par 3% Yellow Trk 4% 4% 5% 45 101/4 2% Sterling 22 22 22 22 78 20 Young Sh & Tu. 10 France 43 20% Bohn Alumi 24% Kayser 16 18 18 18 *And Extras. Borden Belgium Germany Borg Warner Holland COMPANY GETS PAPERS CHASE RETAINS POSITION Poland DOLLAR IS INFLATED, Kelvinator Cor 7% Spain 40% 40% 12 Wild Coal Firm of Buffalo Incorporated National City Resources Within $100,Greece ECONOMIST DECLARES by 000,000 of Largest Bank. Argentina 42.44 Bruns Tokyo From the NEW YORK Oct 8 -Quarterly Kresge Fisher Says Currency Stabiliza- statements New York city banks, Canadian Budd ALBANY Coal comMontreal cents 5% Wednesday that Groc 20% 20% tion Is Big Problem. Thurs Chase bank retains its posiday to handle fuel Capital. $15,000 Bullard tion the bank Call Money 10 Lydia and Burro 11% The City Wages Charles NEW ruling Bush Term its as and with the the 69% Byers 17% must the and 17% 7% and the dollar today is Commercial Paper Lib deposit totals of the Bank of America Fisher FIDELITY BANK & TRUST. market 39 according to Irving flated would be only about $100,000 000 be53 14% 50% DETROIT, CLOSES DOORS hind Chase in resources and deposits. Time Co economist declare that he does The Chase National showed total resources Time collateral 16% Bank believe buying the not of approximately $2,215,000,000. Na& Trust was closed Wednesmasses be tional City reported total resources day, an accompanying 38% by the the wealthy and the Bank of America Loose Cann .60 stating the bank had been taken over Rediscount 12% and the dif $301 of by the State Banking to among number per The Trust third, 23 23 23 York Reserve assets for concentrated in 111 41 sons reported total resources of $1,717,584,Mrs. Alfred G. Wilson widow of the the of small number of 871. Bankers' Acceptance late John Dodge, founder of Dodge Thirty persons he the 15% Mack company is of the days person would receive would be infiniboard She she would Ninety days Checker Cab $28,807,000 GOLD tesimal Garden 3% see and trust One of the most important problems are paid in full Deposits on WITHDRAWN BY EUROPE the the Six months Sept. 29 amounted to $6,507,000. dollar, Prof. Fisher From the New York Bureau stabilization the BUFFALO CLEARINGS 1927 the dol- EVENING Since the value PHILADELPHIA CLOSING Thursday 241/4 141/4 NEW YORK Oct -Gold was yithlar PHILADELPHIA, Pa., Oct. (U.N.) Motor This has out to the embar- drawn for export to European coun-The board of directors of the Girard 32% 15% nations of foreign debtor tries on heavy scale yesterday. the Avenue Title & Trust company last their debts to daily gold the Federal Renight decided turn the affairs of the Clearings week ending 2.50. in dollars, pointed out. serve bank reflecting of $30, the of 971,000 five countries Of this total last Contrary opinion Banking this morning. The doors did Bank 51% of cost of $28,807 000 was taken out yesterday, cost or not Childs Corresponding last 42 does "feast or famine while 000 was in addition to ex11% 1031/2 The bank had resources of $4,300,127 but ports announced the day according to previous TREASURY STATEMENT Coca Cola 104 McK and deposits of $2,909,619, There was also a net increase of $6.22 rather "famine in money its last 30. Former City Coca 196,000 in the stock of the metal held Petrol The the author of Solicitor Michael J. Ryan is president Col Palm P 2.50 32% 32% 32% earmarked for foreign account this plan to stabilize the dollar The plan of the bank which was founded in 1905 embraces abolition gold coins and is- item to an export. Minn 1% under state charter. October loss of by suance "gold bullion certificates.' 26% CLOSES BANK the Federal Reserve yesterday is $37.22 maintenance 100-per 22 22 167 of gold by is- Oct The 33 Colum 42% First Bank of closed suing retiring as 28% 101/4 this 100 is dis- Wednesday of two and POLE WOULD RELEASE 34 Com 21% half Officials acted to protect tributed by the of Com Solvent the retention of depositors SUSPENDED BANK FUNDS gold and 8% Ward. tual "free coinage 14% Congoleum STONE ASSAILS CRITICS to of naWheel tional banks will be submitted to ConRAIL REVENUE DROPS OF FARM BOARD POLICIES gress by Comptroller John W. Pole in 109% report in 6% 18% Canadian National's August Net Is said Wednesday plan contem ATLANTIC CITY. N. J., Oct. 8.Containe $514,034, $1,752,928 Under Year Ago. C. of the Fed- plated of the national 18 18 Container eral Farm board, struck back at the banking that banks in any 3% Baking 3% National From Washington Bureau critics of the Farm board in make money available the BUFFALO EVENING NEWS. 40 Baking Trans for depositors. The plan, he said, the American Bankers' con48 48 WASHINGTON Oct. -Gross rev37% vention here yesterday, assailing with would bring relief to depositors afenues in August, the Canadian enlarge Contin' fected by the suspension. particular violence those who, with the 251/2 26 National 309 Contin'al 201/4 Other Treasury said the board in mind, plead that the governdecrease compared with Continental Oil ment be taken out of business was feasible and August, 1930. according to report reDistillers 201/2 would money that was tied up He also the criticism cerceived in the Commerce 86% tain bankers that the Farm board was They added that the department would from Trade E. G. Sabine support Pole's plan. Corp in at Montreal Operating for 22 with local banks and defended the that month were as Curtiss 10% operatic of the board Wright pared to in the same month SECURITIES BY AUCTION 5% from last November until June. of Net for month 23 5% Newport Co 3 1931 034 5% of was The BANK WOMEN NAME HEAD were 24 Newton Steel .40 crease of the net of Shares by A. Wright & Co., sold 1931 at 49% Central 53% ATLANTIC CITY. Oct. (U.N 95 August of Per Investors Grace assistant vice International Rustless Iron 102 For the period from Jan to the end Edward and 100 New 36 38 president of the Bank of America of 45% 301/4 Haven of August, 1931 gross were new Angel International Corp. Los Angeles, was elected yesterday to 122 122 119% 80 Haven $117,392,910 of $30,736,310 PLANS FILED Per the presidency the Association of 500 Creighton brick 51/4 West 7% as against the period last year Fairbanks Mines 11% 11% Bank Women, in 6% Dome 10 Noranda Mines. Operating expenses for the first eight 436 convert frame 125 24 months 1931 $115,214,221 a deStores 15 W. H. MAGILL SUSPENDED 172 361/2 crease of $16,970,891 and net alter 42% Drug Incorp 491/4 51 Nor Amer brick plant, was 31/2 Nor BY MONTREAL EXCHANGE 22 22% 22% from that of the same period in 1930. 14% Duplan Silk 10 10 191/4 North MONTREAL W. H. 107 53% DuPont 56% 55% 601/2 Magill, broker with offices in N. Y. BANK STOCKS ACQUIRES COMPANY Ohio Hamilton, Ont., suspended the 185% 93 Kodak 102 102 Omnibus & Whitney subsidiary of Montreal Stock exchange today. Magill NEW the 71/4 201/8 2.50 Bement-Pond company, has had no offices in Montreal, but had Otis national banks and accounts in Hamilton and traded here 25 26 Otis acquired the and assets of the leaders in their NATIONAL BANKS 23 24 25 24 through McDougall Cowans, who 4% 4% 39% 201/2 Owens Keller Enginering corporaBid 21 tion of Brooklyn, N. failed on Monday. The Magill 201/2 America raised the toll of to four 29% Pacific G Chase the of the week 66 Pacific Light'g 3 Chatham Phenix BANKRUPTCY PETITIONS McDougall & Cowans first to be 56% 58% 35% Off 18% Pacific 170 suspended. Then came Greenshields a positive minimum in hazards. Commercial 178 39% 10% Erie 12 4% Packard 2450 2550 Voluntary petitions in bankruptcy were & Co., followed Tuesday by Watson & First National 10% 121/4 12% 13% Paramount in Federal these Manhattan Chambers. All were because 12% Eureka affiants, liabilities and assets being listed Public petitions in bankruptcy were filed 1% respectively TRUST COMPANIES them. Frank Henning individually and as co- against Bid Asked with Elbert Peerless COTTON CROP ESTIMATED Bankers and WASHINGTON Oct. -Based Central Hanover Fed Wat S 1.20 Penick William Silver Chemical 31% 33 34 on as of Oct. the Depart22 44% Penney 50 Penn Cem Shelby ment of today estimated the Corn Exchange 34% 34% and cotton crop in the United States at 16,Empire Foster Penn physician, 284 000 bales. This compared with 250 129 142 4% and Sept. estimate of bales and 18 Inv 22 Harry salesman, Buffalo, and 14,486,000 bales on Oct. 1, 1930. York Fox
