Toward the close of the market, word arrived from Washington faying that no emergency existed. This was in response to numerous messages suggesting Government action in the present situation, Following this, prices improved ang the tickers were swamped.
The Dow Jones average for 30 industrials was off 11.75 for the day, For 20 rails it was off 5.51.
Chrysler was among those which hit another new low, closing at 27, down 3 from yesterday which was likewise a record low, Curtius Wright, at a low of 9 yesterday, closed ut 8§ to-day. Continental Oil, at a record low of 22 yesterday, closed at 18 today, Drug Inc, yesterday, closed at 70b to-day, 14 below the previous record low for the yeas, Westinghouse M,, at a record low of 110 yesterda: dropped 5 to to-day's close of 105. Eric, at a record low of 45 yesterday,' dropped to a quotation of 428 at to-day's close. General Motors Wkewize went down from yesterday's record low close of 20§ to close to-day at 363. Goodrich Rubber and Goodyear Tire, at record lows of 43} and G5) yesterday, closed to-day at 42 and 63 respectively. Radio Corporation, at a record low of 30 yesterday, closed to-day at 28%. New York Central, at a record low of 163 yesterday, was down 3 at today's close.
J. M, Holmes & Ca. bid for 1,000,000 shares of Standard Oil of New Jersey at a price of $50 a share just before the close of the stock exchange to-day.
It is believed that the firm re. presented the Rockefeller interest 'An effort is expected to be made to-morrow toward chocking further liquidation of stocks, 'The Stock Exchange to-day notitied member trust companies that they must file before noon next turday a report as of the close of bu ness' November 12, giving complete list of stocks borrowed, from whom borrowed and for whose account, all. inter-office borrowings fand for whose account, and list all stocks which members failed to deliver and for whose accounte~
United Press.
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