Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-12
STOCKS HAMMERED
TO NEW LOW POINT
Crash Resumes After Brief
RaIIy-Leaders Drop
Swiftly in Selling.
ny the Associated Press.

BY the Associated Press.
NEW YORK, November 12.-The
stock market closed at a new bottom
today, after a fresh flood of liquidation
had carried prices of scores of leading
issues down 81 to $12 a share. Larger
declines we're recorded in few ordi-
narily inactive specialties. One hundred
stocks sold at new low prices for the
year.
The ticker was running more than
an hour late when the closing gong
sounded.
Closing Prices.
Closing prices, together with net
changes compared with the previous
close, on abent so leading issues are
given below When trading ceased at
nately two hours behind in reporting
transactions Today's stock sales were
approximately 10000 shares.
American Can, 96, down 6; American
g. Foreign Power, SIS, down s; Ameri-
can Smelling 66ss, down 55s; American
Telephone q Telegraph, 203, down s.;
Anaconda Copper, ~, down S; Andes
Copper, 331s, down 3h; Atlantic Re-
fining, 3Sas, down 1ss.
Baltimore & Ohio, e6A, down s9s;
hem Steel, 81la, down az; Briggs
Manufacturing, 11as, down "a; Cana
dian Pacific, 1855, down 37s; Cerro de
Pasco, 5814, down 734; Chrysler, 80,
down / Columbia Gas & Electric, SIS,
down s; Columbia Graphophone, 1885,
down 134.
Commonwealth & Southern, IL, down
/; Consolidated Gas, IS, down AS;
Erie Railroad, 451a, down 51a; General
Electric, 1S4%, down 814; General Foods,
43, down 334; General Motors. &c. down
l; Gold Dust, 359s, down rs; Hudson
vile, 93la, down Il; Kennecott Cop
per, 5614, down 712; Missouri, Kansas
& Texas, 301s, down q; National Cash
Register, 81, down as; National Dairy
Products, rs, down 4.
New York Central, 1853, down 8;
Packard Motor, is, down /; Pan-Amer-
ican Petroleum B, STA, down 12:
Paramount Famous-Lasky, ASH, down
2A; Radio Corporation, 80. down 1h;
clair Oil, IS, down / Is; Standard Oil
of New Jersey, 541s, down 4A; Stude-
baker, 42, down rs; Texas Corpora
ton, ST. u, down Ia.
Texas Gulf Sulphur, 4s, down 51a;
Union Carbide, 65 u. down 312; Union
Pacific, 203, down IL; United Aircraft,
371s. down SIS United Corporation, %,
down 312; United States Steel, 15315,
down 6; Vanadium, ATS, down 33s;
Warner Pictures, 351s, down 33s; West
inghouse Electric and Manufacturing,
ITO, down Sb; Woolworth, So, down
rs.
Many New Lows.
New low records for the year were
established by nearly hundred stocks.
The list included United States Steel
common, American Can, General Elec-
trio, International Harvester, National
Biscuit, Sears -Roebuck, International
Business Machines, Western Union,
May Department Stores, Gillette Safety
Razor, Commercial Solvents, Air Reduc-
ton, Warren Bros, First National
Stores, American Power & Light, North
ern Pacific, Central Railroad of New
Jersey, New York Central and Missouri
Pacific preferred.
Today's break, like most of those
which have preceded it, was not asso-
ciated with any development in the
days business or financial news. Wall
street brokers generally accepted the
selling as evidence that distress nqui-
lation, which has been overhanging the
market, has not yet been completed.
Each fresh furry of selling weakenS
margined accounts and compels the
mediately be strengthened.
Curb Shares Depressed.
Weakness on the stock exchange was
reflected on the curb, where closirg
prices of leading issues and their net
changes were:
Associated Gas & Electric, SO, of 23s:
American Cities Power g. Light A, 30ss,
off 1ss; Allied Power & Light, 3l%, off
2H; American Superpower, TN, of
212; American Investors B, 9K. of Is;
Blue Ridge. SIS. off Is; Blue Ridge
preferred, 2%; Central States Electric,
201a, of as; Cities Service, 25Aa. on 4.
Standard Oil of Indiana so. of Is;
electric Shareholders 141s, OF l. Fourth
National Investors 80, off s.; Goldman
Sachs 367s, of 33s; General Theater %,
off / Lehman 10, of 6h4; Middle West
Utilities 230, Off 10: Middle West Util-
tiles new 2IM, Of as.
Niagara Hudson Power 131s, off Il;
Pennroad Corporation l7ta, unchanged;
Prudential Investors 1875, of l1a; Shen-
andoah 8, on as; Shenandoah pre-
ferred 217s of 3; Transamerica 4034,
on 21s; Utilities Power g. Light Is, off
Ia: United Light 81 Power A 20l2,
of 3ss; United Gas 10, of 2.
IN n 40