Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-12

the good of the security business
Bankers hold that there is compare
lively little danger from old trades and
they also report that some large in
terests are adding very materially to
their holdings of high-grade shares.
With Europe apparently settling
down to peace and quiet after weeks
of "simmering," with threatening indi-
cations, South America has turned
from ways of peace and quiet to revo-
lutions, ructions and civil war, adding
one of the most potent threats to the
recovery of confidence.
Coming on top of industrial depres-
sion, drought that is proving a most
serious matter and that will necessitate
much costly feeding of animals all
Winter, large unemployment and other
depressing influences, the uprisings in
Brazil, Argentina and other South
American states Is most unfortunate.
It matters little whether one looks at
business, big or little, be it investments,
building operations, mortgage loans,
manufacturing or even retailing, bust
ness Is poor to say the least.
One does not notice unfavorable con-
ditions here in Washington as readily
as elsewhere The Government lives
and functions with an army Of men
and women during good and bad times,
the stores have ample support, theaters,
movies, base ball, foot ball and other
amusements for the outdoors are liber-
ally patronized, with comparatively lit
tie unemployment.
Authorities report reductions in
stocks and a better demand for mer-
chandise, especially noted in textiles
which have been more or less slow for
some time.
Shareholders Waiting.
Many people are holding securities,
shares in corporations, rail and indus
trial, on which they have serious losses.
shares that are paid for and locked
away and that will not have to come
out, save for further destruction OF
confidence. Rumors are dangerous
| things, rumors without foundation are
deplorable and unfortunately can not
| be controlled.
Some One Is Carrying Stocks.
The total value of all stocks listed
on the New York Stock Exchange as OF
| October 1, this year, Is said TO nave
been $50, 143 ,183, 165. During the month
a decrease in values OF more than seven
| billions has been reported. Friends OF
the market hold that the severe shrink
| age that has taken place has fully dis
counted all the untoward happenings
of the year.
Henry Clews g. Co., in their weekly
market letter, say: The trouble is not
that a good many stocks are not worth
what they are now bringing, but Is
rather, that, due to timidity. uncer-
tainty Of mind and various other kin
bred factors. there Is a dearth OF ouyS
ers in the market"
True, too true, but give the "timids"
a couple Of weeks of sustained bull
markets, let the leaders of Wall Street
show a little confidence themselves and
the rank and file will get back OF the
movement toward better prices as
unit.
what the future viii develop will be
seen. Stocks may go lower, or they
may recover from present levels, but
one Of these days there will be
reckoning. 1t may be DELAYED long
time, or it may come sooner than ex-
pected, but the recovery will come, the
United States will go ahead and peace
and prosperity reign again.
Common sense suggests continual
preparation against that time, II one
would take advantage of the flood tide,
a preparation and an effort to be in
position to even up for the weary
months Of waiting and paying.
Local Bankers Congratulated.
At the recent convention of the
American Bankers Association at
Cleveland local delegates were fire.
ouently congratulated as representa-
tives Of the District of Columbia or
Plantation for the wonderful success
that has been attained here in the dis
semination of credit news to the dis
comfort of the questionable borrower:
Furthermore, the success Of the Dis
trict bankers conventions has been
widely advertised. Many requests have
been received by the local association
for information on the different meth
| DDS in vogue in this city and for credit
| formulas and information as to the
conduct of the bureau.