Evening Star Newspaper, May 12, 1921, Page 23

FINANCIAL’. THE EVENING DIVIDEND QUESTION troleurr 2 the active stocks. | 2012 Union Pacific pf. 64's | ). Cu of Columbix 4 m-hnnhr;n nl\pr ..... e | United Alloy Steel w0 gplant. Chas. D. Sager . small canse for congratu- ! Baidwin Loco 88’2 United Dru % |per crate or bu.. ; catmotion oF (he. mmmoni B ot ; [foied Drun. e e 923 15th St. N.W. ne-day- | Balio & Ohio pl... 51% “nited Ry Inv 1 | tuce. par basket 30, Onions, Loan Depe., M. 36. ing 1o a ! BATRSAll (B). P nited By Invp 2 {per 100 ihs. 1.00al Teas. per nything t el (B). . G0 ted Re Gq | basker 3.0, Peppers. per crate —— m— the : » ! : Union Gas.. 61 e . 5, ner bunch ; wise there prob AR Pl R VS Drprens. Bary. per baneh. 5 ‘P“i"‘llt A:cmmtanl and Aud\tor u Cada0 Ol i MR e L C00as.00% “per hox’ 2008 450: ! WWW cal Securities \esleeted. alifo CKE o 89 894 B TUS Rubber. {1o05e. per 100 Ihs. 200223 i Velement wearher reduced the fornia Petrol.. 4ili (8% 4% 48 |USsmelt & { “Grapefruit. per hox. 3.0026.09.| 3 jL S Bieel.. ? & | Oranzes. per box. 3AM600 Straw-| . H Nteel pf. 1096 luy's Ium'y W'y | berries. per quart. 10223, i 2 Central Leatie Utali Copper i 6 fon 66 Selling P monl i . & Selling Prices at Noon. el Lk, Gt Seitics # ] e sre | Harriman 0. de T'as . i -nlamuml.orp Mal1621,: Noo 2 red winter. garlicky | {\,. Car Chem. Moy, 14905 =MBERS: Vivadou. Tot”of nearby by sampic | MEMBERS: y { Wavash.. 1] ver bu atlone. {Wabash pra. w2t Corn—Cab. bri yellow. 4.00 1o v'l New York Stock Exchange red it 61 ol o1 Welis 62 |havrel in car lots: contrac: eorn. spot | by P {Chi Great Wesin. Western Md ) Y trmok | ’ per cen Chi Great W pf. 19 | Wes.orn <= i 111 Broadway, New York B Western | Westhouss 1 Re'n—Baz Jots of nearby rv | Wheeling & i, Lo gunl \ull‘lalu fic. . nv & Rio G pf. are advised. | Detroit United. nz | Dome Mines ! Endicott-Jon Erie. w Homest ¥ Recent hes resulted wxpenses and taxe that furiher improvement properti operati we in savings in ope and it is on a 1 b on. as did the Oklahoma Prod STOCK ARTICLES FILED. &i2uiaisr™ Bottle. . Northern Pipe Line (o ohio Ol C i Pennsyivan COLUMBLUS. Ghie roviding for ihoo ! o st oodyear Tire #nd Rubber Compa 4 < & FEilec. Calitornin . kron, Ohio. unvicr reorganiza- | Pacific Oil Tadlge on pian with $156.000 000 of preferced Pan-Am Pe . Banxas pital stock and $1 500000 slares of Pan-Am I Remtueky on-par common stock were filed to Neb ay with the secretary of staie The ard Ol 2 New Yori.! ‘e paid the state was £290.016 th rEest ever received from, a corp reor, provides for t on for this purpose ation scheme aixo Phila Compa Piiitips Petr ces were heavy 50.000.000 5 per cont twenty-y Fiote o eim | rst mortgage bon nd ‘Ehe 1§30~} CTCO-AFEOW. oo oy 3t mortgage bor 4 the 3301 bicrco-Arrow bt PARIS BOURSE HEAVY. i g | Prerce Ol PARIS, May 12.—¥ | | The preferred stoc divided into | lun on the bourse today iree classes—$40,000.000 » per cent | Pitts( Three i ver. per cent rentes, 57 < ior preferred, $100.000.000 7 per| 55 rcentimes. Lxchange on “01‘7‘:]"17:' nt' ordinary preferred and $10.000 - 47 francs 60 centim. Five per cent 0 6 per cent management preferrcd, | Pressed Steel Car. loan. 52 francs centimes. The BA all there are 2.910,000 shares of | public Serv of N J. dollar was quoted at 11 francs 91 th classes of stock. cenmes. STAR, WASHINGTON. D. C western THURSDAY, MAY 12, *2 'NEW YORK STOCK EXCHANGE.|Grain, Produce and Live Stock ty. 1.3041.40 per bush AXnort. spot. 1. California Packing Corporation fully discounted. Opening prices cwried from unchanged figures wer. with May 1.43 to 1.43% 116 to 1.16%. were followed modarate rally and then by de- Before You Spend Y()L'R dollar pile wiil never grow very iz it gets only “what's Ieft” of your pay after other needs have been considered. § To make financial headway SA\V'E BEFORE YOU SPEND. One dollar identifies’ vou with the expanding Savings Dept. of “Columbia Na- tional.” ¥ Join our thrift force next pay day. 3% st if all Compound Interest Paid on Savings. You can open a Savings Account at this cotvenient Rank with as little as Received by Private Wire Dircct to The Star Office. LOCAT. WHOLESALE MARKET. |light and scattered. Juiy fell off to o : 3 : g 1267 13 Open. Open. . Low. Close. | Fggs—Strictly fresh. per doz. 26 'Sl cq opened et. May, 12 ) £ | Adams Expres: i !Pullman Co....... 10812 102, 102% | southern, 25. . July, 1582 October. 15.36; December. . 1 PAdy Rumley. ... 1% | Punta Alegre Sug. 41t 1 4l'sf Live poultry—Roosters. per 1. 20:13564; January. 1368 v Adv Rumley pf. .. Pure Oil..... . x| turkevs. per " pound. 20: — Ajax Rubber Rand Mines. 21 21% | spring, per b, §; Alatka Gold. Ray Con Copper. e 14 keats. yYoung. cach. R | CHICAGO LIVE STOCK WARKET. BY L A. FLEMING. { Alaska Juno Reading........ 717 72 lwinter, per 1b.. 40a30. | CHICAGO. May 12-—(United ates p Allied Chemical... Reading Tst pf . wa & | Dressed poultry spring; bureau of markets) Cattle—fReceints ALl to maintain dividends on the | g o0 ISR Reading 2d pf. ... 451 465! chickens. per b Ths | 0.000 hetid: Deel stoers. batcher Sb part of many of the leadinz railroad | Aliis Chaime 5 mington Type prichy ers. per lb., 22 il buik he and industrial companies is now the | Allis Chalmers |:§rn|oglcsleel. chickens. winter, per . nd heifers larg i $ % Am Agr Chem. i Rep Iron & Steel. 597y o Sapis gl st i S| sec 1 1 T most important question in the security | A SET (IR, Replron & 8tipf % | Pork—Dressed. small. ner 1b. 15 s don market. A corporation {hat can go ! (rl poCl Rocal DUl . P ‘nvsd.um, 13a14; heavy, 10a13: live. 005 e aea through the present dullness with suf- Bl ke St L & San 230 Live stock—Calves, choice. PeT 1b. gher than vesterday's & San Fran. ficient carmings to maintain regular | npf..... St L & San Frpf.. : lambs, choice, per Ib., 14. e lights and mediums . atstributions is makinz a record that |Am Car & Fdy St Louis Southwn areen o] RIS sl SO Sl % Nt he years to|Am Cotton Oil... St Louis Sown pf. . s 3.50u4.50. G- | B 00 BIE O oe ] Ak, Wil be worth while in the Years 10 |yin ciiion (1 pf. . Santa Cecilia Sug. . per box, desirable, 100 to 125 lmnvd pi S50 came. Drugz sts iSaxon Motors D;fl;':g'- l;t:r o heep-—Receipts. 16,600 L 'Business ix improvinz. but it is a Hide B¢ e eaboard Air Line. 5 it 3 “| opened 10 to 25 hi siow improvem he revival of in- | Am Hice & Ioa pf. 4 {Seaboard A L pf. SRRt med Trate: 5.00a6! 0. i e Siilbers B sst is mlso checked by the uncer-{Am International. !'Sears Roebuck. . B etablen oo atavis Asarh vulk 1o packers. 10 nty as to price stability, the feelinz | Am La France. ... Seneca Copper. or ol baiag locs. RearaY. led lambs sales ears zeneral that adjusiments now | am linseed Shattuck-Arizona. Hew s springs. 13.25 way will lead to lower pric Eotomotive hell Trad & Tran At vs <horn. nomina nd i< one that will hot dow ¥ | B weet o < inclair Oil. a No. 1 has been encourazed in the last | loss-ShefMeld 0026.00. Tettuc féw days by the vatting of prices for , " Southern Pacific.. T Der crate, 5002200 Celery. e 99 bomobiles. an indu: "':"h:u'u'-‘-h""d;;i'n‘: | ‘s,,u(hem Railwa E ll.mm 80 Flerida colery. Gllt Edge _ \m Steel Fdy ‘&l.md()llof J 1Bl n v H 7 0 been partially brought | Am Sugar. Stand Oil N J pf. e, ;"'.nprnr'xmr P per basket. / cutting of prices in sieel | Susar pf i Ster ;\‘:;;_onbpr E X a 2 004 o t rt 'Oh‘g looks of the various companies and tra p iStromberg Carb. rs 0 gage {2n< of further price cutting. Telex i Studobuker. . 2 Tomato: s, Now on Hund two dox tall has been rife of dividend | Am Tobacco. . | Superior Oil 8 North Carolina asparagus. in Amounts ¢ Vassinz by Lepublic fron and Steel and | Am Tobaceo (B .. Temtor Corn (A) 025.00;, nearby, per doz., t ana wly for tacal inves - | Am Woolen. L | Texas Company | GRAIN AND PROVISIONS. pto : ds on nout of the local {nvestment | s i Texas & Pacific. . . | RALTIMORE. Mas (Special).— Now Is the fime to invest. but nctieally sure of tho Tibution. 2 [Texas & P C & Oil. | Potatocs. white XNo. 1 100 bs., 804 oriy in securities that are abso- ot b Sl o, e . 42 \Third Avenue vs, 90 chaallLty jutely safe. Don't take chances sfeadily and « oymer much of | Atchison. . 8% | Tobacco Prod. ... 1":‘:— .,?.‘ and speculate with your savings. ; “ither here or cisewhere, | Atchion pf % {Tol St 1L & W pt D 3 Tractic . v | 1 ie C: 2 ! dean ¥ We 100k after all details and Traction und Raiway pre-| Alanctocn & 'll:-::: :)‘I*If\“ ail L per hamner Beets, furnixh guaranteed titles with Mergenthaler and | Atla 1. Cnion Pacific. , m“-,hun‘ h. 5a8. Asparagus. per doz all notes. il e bos per bushel Ehile Copner te O/l VA al: stand- i poscr. ite Oil....... ard tathe TN, 2 timos ashi 150 Copper an Comi WMaziah e 2 it iy Washington Office R s Willys-Ove 1 light ¢’over, n ad. 2000 ) ~, . oy : ™ s Tizh clover, wixed 1600 | COLORADO BUILDING { Wooiworth. ... .. 114 11 (219001 Nol 1 claver mixcd. 18 416,60 o Worthingion Py 51 e | wor. mixed, 1400217 00: No_ 2 | Telephone Main 1603 Vorth.ngion (A). s s No. 1 clover 15.00a16.00: ) Worthingion (B). 6 63 2 M0nLan0 D & 10000a 0, o P e B a5 stealeht G. B. CHIPMAN proir 3 wominal: No. 1 tangled re. 17.00 S 5 5 Cail Money..... 3 ve. 16.00: No. 1 wh ; ‘ Wi e 1660 Mo, 1wk Manager < 4 pariner of this % @ | HOURLY SALES OF STOCK I3 B0: : a . 2 Lo : No. 1 o+t rominal. 15.00a18.50: No. rm. cted rman of | Cont Candy. 1 1'ai 1l1am 253 000 o e 00L1500: 'l“; Y i Ao i corn beod Sl aat ipm S L eeAGo, May 12 Imurov ll ohn Zim- 1 Cosdc W % LUCHICAGO. AMay 12— Imoroves mermann, incorporated. s oo o el weather conditions had a bearish in- Bueniclecied preaidns o thelsaltes ' sni DIVIDENDS DECLARED. [Toe i000s,0n % R i e Deonerty fo notr under ihe direction | CUDA Cane Sugar. . Bl 1 Stock o Pax | ports of s rained industrial conditions 4 o = of the Day & Zmmermann Dasidean Ohers bod - ubie. | 1n Great Beitain. On the other hand. Last Year's Earnings of tion. which is thorough!s BeLE Hudsor e w2k :;,'::,; o T inate action in regard to the emer- with the operation, of el Denv & Rio G i o v tariff bill appeared to have fected. ail of which is to the uwitimate | Erie dstpf.. /[ ne all arovnd. sviewe i n recent Denefit ‘of Tthe mecutity hotders | As ! Famous Plasers, " orn toole the arme pacn as whear | Feviewed i our recent you have been informed. every « ines & S pf After openinz unchanged to 1y lower. circular. Copy on request 8 being made for the : liubber. . ‘including Juiv at 631 to 6if. the | Py q the bendnoiders and a_considerable | Freeport Texas. 3 ‘r;vzrk-['rau a almfl« and then un- | empany b o Soldors ind otier | Gon Aspial 57 ougn . Oate were eusier with other cercare.| Ao A TlOUSHIAN 0. interests s has improve - . cr. July 39% panys financial sithation, bt i G old 1o 39%,. and later showing buf little 20 Broad St. New York sary fo bAoA X & i Winter. 2t 1bs. and un- . power (o recover i the fariher 'of bondhold~ ’Gi:am“ . 50a33; spring. 1 to 113 Ibs., Losronlslons llacked La i MEMBERS: ;-I:ei:r-u for ment to ask | Grint e under 1 Ib.. 30a53: ducks 20 | e ie e Rackints:. 30 New York Stock Exchange Lo 1 20% 50 e buik. 1.60al.15 hundredweight: S S - v = j ehs NorOve. ee ot b Wewiers Louisiane: round. X. Y. Coffee and Sugar Exchange o 1 | Eggs. loss off, strictly fresh. nearby. | sy dredweizi e ; telpn Fikance Corporatiss. Tulf Mo & 105 s st S8 O atrictly M. nearby.fsacked, 2.30a5.65 hundredweizit: New York Produce Exchange Yorelgn Trade Corpora- R 5y doz. 24: gouthern triumphs sacked, 1004450 hundre > Fein tion announces th strong s Butter. we Florida. No. 1. 9.00 barr Chicago Board of Trade cgolution of appro 54 t 2 ints, & 1 H Fesaotion of appro ite Pn | 5 & Ba g b 4 ! Associate members of Liverpool Cotton kid corporgtion by the souri Valley ; Homestake. 5 i Lacted. 13; dairy prin 1 Association. ) Associatiod and grovn 4 of the l‘:““““\*’" Oil s B2 butter, 26a2s, merican Ban Afioe, lm b AL tore: - 13% Lz] A ll;x:fl}r,o_ ?‘43 12 Butter——t - eptemier Washmgton Office . T———— Linmseation e LJEEE - Lower, | Creceipts. TOATS . g _ {Interboro Metro. i e e I L HIN Main Floor Corridor {Intl Agr Chem. ... 9 1 [ ¥ i Lintl Azri Chens pt. 6% -~ Alive. unscttied; Bron COTTON MARKETS. | WOODWARD 4BUILDXNG, y :r. guv‘uzn @y | ers 5\“\“#01{;\ i NEW YORK. t—The easier | Phone Main 2040. 11ntl Mer Marine. .. Wai N v <. M -Butter—Un- | technical position of the market fol | 1rtl Mer Marine pf 541 settled: receipts. 15,991 tubs: cream- |lowing recent advices and mm,..uod{ CHARLESZR- /ALLEV; Manager: | Intl Motor Truck 615l ery higher than extras . !unfavorable labor news from Eng-| | Intl Nickel. 16 jcreamery. exiras (42 wcore), iliand led to reactions in the cotton) | Intl Paper 574 | Creamery. firsts (88 1o 91 score), 28a . markel here during today's early | == —————— T P it S| I2l2; pRCking stock, current make.|trading. Prices opened steady al a| I R I O |t i SERS G o decline’ of 5 to 11 points and sold | = LEAMRL e Ll S Lo il eceipts. 56,199 {about 1% to 28 points net lower before githered firsts. i the end of the first hour. with July irs pringfield went off rapidly this | Kansas( v) "Sou. firsts, 5 8 . i ¢ yoringn Eibi L e rsts, state ’ touching 13.00 and Octob. Tr was said on good authority that | Kelly-s pr:ll;lqu‘re T . (“”‘"n e e 51D l‘lorl“a“e was S . - extras ; Octo - lie issue had be v over- | Keliy-Spring & nearby ! s P Dedeintier | 0 (=t~ pubscribed that sy s would re- | Kelsey Wheel trn Tennery Browns, axtrae. oy bulk of the carly selling was 0 ve only 40 per cent neir anplica: | Kennecott. ... = l]ufl gathered browns and mixed | supposed to reflect liquidation of con- | L\oles » h e were offered on i Keystone Tire 1514 | colors. firsts to extra racis purchased by W. I ghtly beiter than an S per cent ¢\ vacked. extra firsts, il g Lt \asis. and besides providin 'und\i‘:f‘;‘:,:f"’:“‘"‘ o] tirsue, a2, P e 0 T aiery: freah worki Spital & W pf. o gk, short | r offerings were ab 1 the rst Mortgace Notes uch more. trregular s with r .‘;.":_ Tire & Tubber e e i oA, T ma ket was e Wl prices afvudied First Mortgag g h oEwa th ra Lehigh Valley.: . Mok Mats fresh.iup o few points on the unfavorable' s 3 i ythen adiances. | Ligsect & Myers. . lo. average run. ;weather map. covering and reports of || Are sccured by improved five buying 3 [Ligkeit & Myers B : e ,”"’”"";T,’;X"(")x;"g“ : Washington real estate. WO were Loews Inc.... 7 | g LIVERPOOL, May 12— Spot cotton. = . 2 he decfWe 4n rail stocks. New Ha | Loft Inc. i MONEY AND E du'l: prices steady : good middlin which constitutes the saf- n &5 St down a point Loriilard. | Fon mer- r:‘]l‘”'" idling, est form of investment. In taltimére and Ohio s were i Lovis : ; percent: ex- , middling, 5323 e 75 LM and Sao Frenelics i Banatr 2 | change stron terling 60-day bills *ordinary. 4 Sules, bales, - || denominations of S230 and Bout 2% did the Manhattan Elev 2 fand commerc bil's on banks, ' cluding 2.000 American. Receipts. 10,000 g h sttan Bley 0 | 2941, commer day bills, including 600 American. Futures p- Market St Ry pr pf. % demand, 7.9 July 4 : for Bookl M.:xvn»lg :lomr.&. 5 demand, AbeF. 8.54: Taaihary, Ask for Booklet : : Maxwell 1st pt : : it pyconeribie S ki Mexican Pee 5 s st A\ hillips “,mmm Lot . Mllami Conper. S RIS M 12 m. S. Phillips Eroun ning over @ point 1o 41, Middl price of cotton in the first hour of REALTOR )aflnngn Ianuen. :} d:..; St 1L (n). d'v\m.mtl, trading today as the result of gen- = f 1930 3 StLn 3 Argentin: ora ing. Considerable liquidati - ‘:“:q i h"";; ~"""'“ oT Mo Kan & Tex. mand, 31.50. Brazilian, demund, ,.F'.’(,i‘;”c'nmm(.?:i'j’,i.f“}fl. .'fi."‘i,'.i”rl'fl\" 1409 New York Ave. N.W. cak on . iutingtions of the d ‘nd : Mo Pacific Montreal, 1011-16 per cent discount. mixed with hedge Selling and offer: Main 98 . ak on.lgtimmesions of i 1end | Mo pacific Government bonds irregular. Ruilroad ings which were down to profes- ¢ ciclsphons bouds easy. Time loans steady : 60 days, sional traders. The demand was I o5 Rubs 90 days, six months, 62 per cent. H — to . . e A i e 3 aking | Cloalk & Suic. OIL STOCKS. © Goodyear %3 which they onduit . 2 Quotations furaished by W. B Hihbs & ( opped 1o 361, i Natl Enameling 581 B A 3 The rise, Waidorelen government ia-| Natl Ryo ot M od e | Anglo Amerlcan il Co. (sew) .. Pla%; Open at 8:30 AM. Every Banking Day 4es. folloWing the of the Nevadu Copper. 154, | Atlaatic Refining Co. -—_— Tman reparations question. appear Y Air Brake K ad8 kel around their N Y Dock Continental O Cooso ok . eRleanE S B o, N 'Y Dock pf seent Pipe Liue (o . P t 3 P NYNH £lind 5 3 e di g olumbia National Ban ity of o | Norfolk & » s mand up from ova Scotia Steel ay Ba reacted a ha Nunnaliy Co Capital. s Kb A A urplus, anish Sa hald stoad Norfolk & Westrn 5 911 F Street : K e i 0,000. 25 nile Fren cam North Amer | Now York Teanmorisiion” Ca 3250,000.00 tr 525040900 The Investment That Has Earned PRESTIGE FIRST TRUST NOTES Safety Ease of Mind Convenience Ir. denominations of €102, §250, $500, $1.000 LOAN DE SHANNON & LUCHS 713 14th St. Main EQUITABLE Co-Operative Building Association Orzanized 1 f1st YEAR COMP Saratus .lOlN THE EQUITABLE ce adopted the plan of the able and have accumulated most substantial sums. Subscriptions for the 81st Issue of Stock Being Received Shares, $2.50 per Month | EQUITABLE BUILDING i 915 F St. N.W. JONN JOY EDSON. President DE, Seey. LIBERTY BONDS ROUGHT AND SOLD FOR CASH We Alxo Lend on Liberty Bonds :Liberty Bond Exchange 604 14th St. N.W. | e = Cver a Quarter of a | Century in the Insurance Business Every Day ! Some cars burn Others are by wrecked collision. s Others are stolen. Others are in accidents One or more of these may happen to vour car Ouy policies give you full protection against loss, B. F. SAUL CO. Automobile Insurance 934 N. Y. Ave. NW. FINANCIAL. | Money to Loan | | Becured by Firt np.a of Trust on Real Estata | Prevailiug_interest and commission. | 1 Joseph I. Weller §2.%4% Ll f'as & SON, Lngineers, Union Trust bldg. | Town plunning. Keports on and economic | development af sulmrbwn properties Ito and paven Waler works aod sewerage systame Valuation. Managemont CITIES SERVICE SECURITIES Bought, Sold, Quoted THOS. W. BRAHANY & CO. Monthly State- ment Service 1336 N. Y. Ave. Investment Securities 510-11 Evans Building | Washington, D. C. Main S159 Dependability i~ awell carned reputation for a-tirm-that has ved first mortgage investors for 32 years We have just added I'he strength without a ~ingle black mark another yvear to this flawless tradition scarching tests of the years disclose only in thesc investments. Swartzcll. Rheem & Hensey Co. 727 15th Street N.W. Washington, D. C. The Nation's Home Town Commerce Follows Cables AN America Cables doubtedly one aids to Amer and eapo is un chief an impor: Ame All America Cables the oniv Au nd « ? me commun'e Americ s, via Al successtui proved t i rican owned me of cable to the Latin JOHN L. MERRILL, Pres. Cable Oflice. 1126 Conn. Ave. Tel.phone Franklin 1169 907 \T/SAFETY plus YIELD\_f i The two chiei elements in investment are SAFETY and i YIELD. The speculator sacrifices safety for possible ,: returns on his money. The too conservative i man sometimes turns down a good yield because he fears it is not consistent with safety. The IDEAL INVESTMENT is the one that gives BOTH safety and yield. We are offering stock of the INTERNATIONAL FINANCE CORPORATION as an investin ~ures safety and exceilent return. Saiety the success of the institution and in the the leading Washington business men who aging its affairs. The yield present in t | able business which the corporation i conducting I PREFERRED STOCK PAYS NINE PER CENT. pay you to write or telephune for a book et tire progress of this Washington financiul iusti- B 1 } character of re man- profit- tution. | E.L STOCK & COMPANY Investment Securities Main 736 734 15th Street '9 The Southwest Branch, at 436 7th Street, S.W. CHOOSE YOUR BANK AS YOU CHOOSE YOUR FRIENDS with all care. Your future prosperlty dePCndS to a largt extent upon thc strength and helpfulness of your bank. Choose, therefore, Look into the history and personnel, the resources, aims and policies of an institution before you decide to entrust your money to it. The American Security and Trust Company invites you to talk over your banking needs with one of its officers. You will be welcome at any office. Call at the one most convenient for you. 39 Compound Interest Paid On Savings Capital and Surplus §5,400,000 | ¢ AMERICAN ¢ SECURITY & TRUST COMPANY Bghth and 15th Street at Pennsylvania Avenue HOME SAVINGS BRANCHES vth Street and Massachusetts Ave., N.W. H Streets, N.E. 436 Seventh Street, S.W.