Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-03
Work-Ridden Brokers' Stats
Stay Overtime to Clean
Weeks Transactions.
NEW BUSINESS EXPECTED
TO EXCEED PAST FIGURES
Opening Monday to Be Attended
by Rush of Orders From
All Over World.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, November 2.-Moun-
tains of stock transfers, buying and SELL
ing orders, cash and marginal payments
the mass of work which comprised
the greatest, most amazing and record
shattering period of security trading In
hiStory-had been reduced to molehills
in the financial district today, but Wall
Streets financial leaders are preparing
for an avalanche of new transactions.
Work-ridden STATS of the Stock Ex-
change, curb market, stock clearing
corporation and the commission houses
found that after almost ceaseless effort.
after sleepless nights and meals bolted
as they continued their labors, the ac-
cumulations from Wednesday and
Thursdays market sessions had been
disposed of.
Busiest Session Seen.
But hope for rest in many instances
was blasted by receipt of new orders for
execution in Mondays market. They
came from every section of the Nation,
in large and small blocks and in odd
lots. Added to orders received after
the close Thursday and on Friday. the
aggregate presages one Of the busiest
sessions Of all time.
Meanwhile the most bullish item of
news as affecting the stock market was
announced by Stock Exchange authori-
ties. In October, street" loans were
reduced by the staggering total of
$2,440, ,559,111 to figure of Sc, 6,108,S24,-
1858, wiping out at a single stroke the
increases of year and correcting what
economists and bankers had recently
described as IAN inflated credit posi-
ton"
The personnel of Wall Streets insti-
tutions, which are the cogs in the finan-
cial machinery of the Nation, found
little respite today.
Specialists at Posts.
At the stock exchange specialists and
floor brokers were at their posts at 10
am, just as on open market days. They
were there to adjust differences and
correct errors In stock transfers result
ing from the pressure Of record trading.
In brokers offices, whether members
OF the big Board" or Curb there was
hum of activity comparable with last
week, when trading was in progress
Clerks worked on customers accounts,
corrected margins and checked and re-
checked the shifting Of security hold
ings Others received and filed the in
coming flood of new orders.
Sunday the streets" population will,
with few exceptions, rest. The stock
exchange governors issued orders for
specialists and members to be on the
floor from 10 am. to l pm. This in
wolves attendance at member brokerage
and investment houses Of qualified rep.
resentatives.
Work Already Arranged.
Most of these latter had already made
arrangements for part or all OF their
stats to work all day, to deal with Gus
toners instructions and clear the way
generally for the reopening of the mar
kets Monday.
An indication of the activity antici-
pated at the commencement of busi-
ness came from the stock exchange and
curb in a ruling for specialists to be at
their posts at 8:45 am. Monday, an
hour and Is minutes before the opening.
While the majority of Wall Street
workers have done two weeks work in
one, many of them will be rewarded in
a tangible way, according to announce
ment from several houses, which today
stated that bonuses OF one and two
weeks pay would be awarded The
street" usually defers the declaration
of special employe disbursements until
Christmas, when awards as high as six
weeks additional pay have been de-
clared In each case the brokers an
nouncing the special bonuses In the last
few days have said that their payment
will not affect Christmas benefits.
Record in Messages.
Telegraphers employed by the big
wire houses said tonight that the num-
Der of messages which they have ham
died in the last few days has been
larger than in any similar period In
their experience. The volume OF these
orders is so large, in fact, that several
of the leading brokers agreed that an
unprecedented situation would present
itself Monday, in that it might be I'M
possible to execute orders at the open
ing as desired by customers.
While the Stock Exchange ruled that
specialists were under no obligations
to transact orders at the opening II
booked later than 9:45, it was estimated
by the commission houses that II or
ders filed up to 9 o'clock were filled
customers would be fortunate.
For what was said to be the first time
in the history of the Stock Exchange,
the money tables were open today to
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