Evening star., 1933-10-06
STOCKS END DAY Fl I
At LOWER LEVELS
Rally in Final Hour Lifts
Rrices Slightly After Sharp
Decline.
BY GEORGE T. HUGHES.
Special Dispatch to The Star

Bpteisl Dispatch TO The Star.
NEW YORK. October 6.-The stock
market finished sharply lower today.
after opening irregularly, drifting down.
ward until noon, steadying for an hour,
and then relapsing. A slight rally In
tfe final minutes closed the list above
the lows.
The downward trend followed the re-
ceipt Of disturbing dispatches from the
steel region about strike disorders The
degcent was accentuated by the decline
Of the dollar in London, Paris and Ber-
lin. after that unit had opened firmly.
Scattered liquidation in the chief
grains In the afternoon brought out in
creased offerings of stocks Minor COM
modities. such as hides and silk. were
lower. Sugar for time benefited from
the Washington announcement that
quota marketing agreement would be
reached within a few days.
New Stocks Probe Feared.
These developments, unsettling in
themselves, were aggravated by pre-
llminary estimates of decrease in un-
filled tonnage of the United States Steel
| Corporation, which reporos such orders
next Tuesday, and rumors of a new
stock exchange investigation. A few
minutes before the close Washington
dispatches tod of the naming of new
committee to study exchange methods
and practices
The late recovery started with alcohol
issues, notably American Commercial
Alcohol and Commercial Solvents. Some
of the specialties like Liquid Carbonic
improved. Standard Oil of New Jersey
hardened. Liggett g. Myers and some
OF the other tobaccos improved on ru-
morS OF retail price increase in
cigarettes.
The belated rally, however, did not
much influence such issues as American
Telephone. American Can, United States
Steel common. j. 1. Case, International
Harvester and Deere g. Co.. General
Motors was not much changed Chrys-
Ter receded. Pennsylvania also ended
issues. Atchison moved against the
downtrend
Gold Shares Active.
Higher gold quotations in the London
market stimulated interest in gold min
ing shares Attention to this group was
heightened by specific news from two
corporations. Alaska Juneau reported
September profits of S105 900 against
s85.700 in that 1882 month and nine
months net of 81 ,O45,4.0 against SS45.-
NoO AAA bttC PCAlOQ yCdl dSO
Dome Mines put the value of last
months outturn at S356 933 against
s34l, $40 in the same period last year
and nine months production at s3.402.-
COS against s3.l78,43 in the correspond
ing 1852 period
General Motors in the first hour re-
sponded to September output figures OF
Chevrolet. which were almost treble
those of the same 1882 period and the
largest for any month since 1929
Packard steadied as the company re-
ported September dollar sales volume
the highest for any one month in two
wears. Hupp Motors was slightly lower
though 1t announced an export gain of
70 per cent over the five months ended
Seotenber 30 1892.
Standard brands was the first Of the
alcohol shares to point upward. follow
ing Minneapolis dispatches detailing
expa nsions to the company's mating
facilities. Corn products one of the
most active in the food list in the
forenoon. was off fractionally although
an analysis indicated third quarter
sales IN excess of production. bringing
about reduction in stocks and higher
net profits.
tCopyright 1933D