I 1890 Lw t / ., M ASS [EMBER O0CTATED PRESS woomwammommummo No. 9 EIGHT PAGES ANN ARBOR, MICHIGAN, WEDNESDAY, OCTOBER 7, 1931 ASSOCIATED PRESS NEWS PRICE FIVE ( TOCS .ADVANCE S WALL STREET Billion Gain Made in Sensational Recovery., 3ONDS JOIN RISE pturn Is Swiftest in Recent Market History. 4EW YORK, Oct. 6.-(P)--Some )00,000,000 was restored to secur- values in Wall Street today, as stock market surged upward the swiftest advance in recent ancial history. 'his was Wall Street's response news that leaders in financial, ihess and public life had been nmoned to Washington to con- er an aggressive program to ck the vicious circle of defla- 1. Values Increased his sudden bulge in quoted ues added more than 12 per cent" he value of shares listed on the v York Stock Exchange. The" ent of this sudden restoration quoted values is staggering. The u r e approximates the total >unt of currency in circulation this country, and exceeds the' il amount of our monetary gold.- thermore,. the estimate, basedl price indices, is regarded asf servative. n many quarters in Wall Street', ad been felt that the September line, which had lopped more n $12,000,000,000 from quoted ues in the stock market, was be- carried on largely by hysteria, today's starting about fase wa' MIMES ORGANIZES TO STAGE ANNUAL ALLOA~MPUS SHOVV Manuscript Contest to Close Friday; to Decide Nature of Entertainment. WOMEN MAY BE IN CAST Annual Production to Be During Traditional Half-Week. Given The bond market, normally more ,aid than stocks, recovered sub- antially in active trading. Lead- ig commodities also joined the pturn. Cotton futures sold up ore than $2 a bale, and closed ith net gains of $1.55- to $1.75. 'heat and corn gained about 1 1-2 a 2 cents a bushel. The more spectacular gains in .ocks were not recorded until fter the London and Paris mar- ets had closed, but the early ad- ance was sufficient to impart a lore cheerful tone to markets cross the Atlantic. Share prices anaged to soar almost steadily, ith occasional minor dips, and osing prices were near the day's est. The turnover of 4,300,000 bores was one of the largest since .st June. Short Selling Checked The stock exchange authorities >ok further cognizance of the agi- tion for checking short selling y ordering members to label all iort sales as they are transmitted the floor of the exchange, and y permitting no such orders to be