Evening Star Newspaper, September 19, 1928, Page 14

TIN Money to Loan Sccured by Brat deed of trust on real estate. Prevailine tnterest and commission. Joseph 1. Weller i war & 41t WE WILL SELL Fairfax Apt. 6lis Gen. Mts. e 20 Wardman Mtg. & Di MEHLMAN & COMPANY, 1319 F St. NNW. Ph. Main 8847 At Low Interest Rates Tyler & Rutherford | Representing Mutual Benefit Life Ins. Co. || 1520 K Street Main 475 | First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. Investment Suggestions Each month The Equitable pre- pares a list of bond suggestions suitable for business and per- sonal investment needs. This monthly publication sup- plements a Bond List with several features devoted to the interests of Bond buyers. Send for a copy " THE EQUITABLE SECURITIES COMPANY ING A subsidiery of The Equitable Trust Compeny of New York 917 Fifteenth Street, N. W. WASHINGTON, D. C. Second Trust Notes We will buy your Second Trust Note if desirably secured on im- proved property in the District of Columbia. Prompt Attention to Applications National Mortgage & Investment Corporation 1004 Vermont Ave. N.W. Main 5833 B E TR LOANS On Improved Property in Maryland and District of Columbia 6% Interest - No Commission Charges EAVER BRO W REAL"\‘OR% 809 15th Street N.W. Main 9486 Mortgage Loan Corresi Metropolitan Life Insurance Company | {$11,000,000 Wardman Of- | zation issues recently announced. The | funding mortgage | Co., head of the participating syndicate. | tion and Federai income tax. | the announcement adds. ANCIAL LOCALBONDISIE ON MARKET TODAY Abitib) Power (4 Abrahmé&Straus Adams Exp (6). Adv Rumley.... Adv Rumley pf. Ahumada Lead. Air Redetn (3). Ajax Rubber. .. Alaska Junea... Albany Papr(2) Allied Chem.... Ameradat 5 Am Agricul Chm Am Agri Ch pf.. Am Bk N pf( Am Beet Sugar. Am Reet Sug pf. fering Made First—Carries Three Maturity Dates. BY EDWARD C. STONE. Public offering is being made today of the largest of the Wardman organi- | Am Br Shti1.60) Am Brown Bov. Am Can Am Can pf(7).. AmCar&Fdy(6) [AMC& Fpf(7). | Am Chain pf(7). | Am Chicle(3). AmChic pr pf(7) Am Drug(8te). . Am Encaur2.40) Am & For Pow. AM&FPrP pf(7) Am Hide & Lea. Am Home Pr(3) Am lce(1214). . Am Internati(2) Am LaFr&Foam Am Linseed. ... Am Locomot(8) Am Loco pf(7). Am Mac&Fy(4). 1, 1948. Vietor B. Deyber. Am Metals(3).. 'ld‘hefllimnplny vflvm om in fee simple ;| s - and will operate five modern apartment, by houses, four apartment hotels, including | Am fiflf,‘f.‘“.’f,‘fs’, the Wardman Park Hotel and the hotri | i pas 410 addition_now being _constructed: the | {1 Gt Ry Cis; Carlton Hotel and one office building | ‘Am Sea i s ) leased to the United States Department | am Snipbiag.(§) of Justice. The properties of the com- | Am Smelting(8) pany have recently been egamined by { am S & R pfi7) engineers, who, upon the Dasis of re-| am snufr(12).. production cost new. less depreciatior, | Am St Fdysi3). report a valuation of $28.887,146. This | am Stl Fy pf(7) valuation includes land. buildings, | Am Sugar...... furniture, furnishings and equipment | Am Sugar pf and a valuation of $2,153.687 for the | Am Sumatr: Wardman Park Hotel addition, but ex- | Am Tel & Telty) clusive of the furniture and furnishings | Am Tobacco(8). to be instailed therein. Am TobaccoB(8 ‘These bonds, together with total un-| Am Tob pf(6).. derlying mortgages to be outstanding.| AmwWw&EIl(cl). will represent 55 per cent of this valu- [ Am Woolen..... ation, according to Halsey, Stuart & | Am Woolen pf.. Am Writ Pactis Am Wr Pa pf cfs Am Zine Am Zinc p! Anaconda « Archer-Dan(3). ArmourDel pf(7 Armour. 111(A). Armour., 111(B). Armour 111 pt(7) Arnold Con & Co Art Metal(1%). Asso Dry Gzl Asso D G 1st(6) Asso UIl(2).... Atchison(10). .. Atl Coast Li110) At Gulf & W1, At Gulf pt(3).. Atl Refining(4). Austin-Nich pf. Auto Sales. ... Auto Sales pf(3) Autostrap A(3). Balto & O« Bang & Ar(3%) Bang & Ar pf(7) BankofCom(18) BankofMan(16) Barnet Leather. issue is $11,000,600 Wardman Real Es- | tate Properties, Inc.. first and re- 613 per cent serial bonds, and is being offered by Halsey, Stuart & Co., Ham- bleton & Co, A. B. Leach & Co., Inc., Rogers, Caldwell & Co., Inc., and Wil- liam' R. Compton Co. at 100 and in- terest. The issue will have three ma- turities —$4,000,000 due September 1, $3,000,000 The firm estimates a total annual net income ‘of $1,509.186, after deducting interest of $276,544 upon closed under- lving mortgages, but before deprecia- ‘The in- terest on these first and refunding mortgage bonds will require $715,000, Banker Heads Red Cross Aid. One of the busiest bankers in Wash- ington just now is Victor B. Deyber, president of the Second National Bank. As chairman of the relief committee of the local Red Cross, the Southern hurricane has brought great responsibil- ities to him. Relief funds are being handled h the G street branch of the Second National, and Mr. Deyber reports that Washington people are al- ready beginning to respond most gener- ously. The bank president was chair- man of the same committee during the ese and Mississippi disaster re- lief campaigns, when such large sums were contributed. The city’s auota in the present emergency is $40,000. Lauds Newspaper Advertising. In an address read before the finan- | cial advertisers’ convention yesterday at Utica, John Poole, president of the Fed- eral-American National Bank of this city, said: “Buying space in newspaj ru-—§uy1ng booklets and blotters—buying a series | of direct mail letters—these things in themselves amount to nothing. ~The thing that does count is the message and, of course, the medium for its de- livery is equally important. In my opinion newspaper advertising produces more sales than any other form of ad- vel . Newspapers gather the news of the world, which they broadcast al most immediately to every one—every- where. Newspapers, therefore, are the best medium for displaying to the gen- eral public the urvl:leshwe have to sell. “The messages, which we call adver- tisements must be so written, so illus- trated, so set-up as to attract attention, arouse interest and create desire before the reader will be induced to buy, hence the advertising expert writes the best message and brings the best results. ‘Human interest goes much farther in ldverflllnz“&ln cold logic—that where the writer with imagin: tion comes in. Not infrequently do we find a banker who is talented in'this di- rection. lendid! If you have that knack do it yourself and thus reflect your own personality. The soul of every meu shines out through advertis- Beachnut(3).. Belding-Hemwy Belg N R pf(16). Hest & C013)... Bethlehem Steel Beth Steel pf(7) Bjoomingdale. . Bon Ami Ad4).. Booth Fisheries Booth Fish 1st. . Borden Milk(6) Briggs MfgFCo. Brockwy Mot(4) Bklyn-Man4).. Bklyn-Man pf(§) BklynUnGas(5) BrownShoe(21; ) Brunswick B(3) Brunswick Ter., Buecyrust1).... Bucvruseviziz) Buff R&P pf(6). Burns Bros(B) . Burroughs(14). Bush Term(g2). Bush Ter de7), Sup(2). Butterick Co. Byer & Co...... allf Packg(4). 1al umet&Ar6). Calu & Hecla(2) Canad Sou(3)... Can Dry (14%). Can Pacifict1v). Cannon Mills. Case Threshg(§) Cent Alloy(2). . Century R pf(7) Cerro de Pas(5) New Mortgage Notes in Demand. It was reported today by Shannon & Luchs that there has been a lively de- mand for the new $400,000 issue of 6 per cent first mortgage notes on the Park Tower Apartments which were offered yesterda, As announced in the advertisement, the value of the Certain-Teed(4) apartments site and building, which is | Certn-teed prpf to be erected on Sixteenth street next | Certo Corpni4) Chandler-Clev mated at $740,000. Since the amount | Ch, 0) of the first mortgage loan is $400,000, l:lu u‘ct,’:'.f:"i':’ it is only 53 per cent of the estimated | Chi & Alton pf. . TP RS SEAL of SAFETY (0330 Insured) Moitgage / Sonds Guaranteed Safety Insured Mortgage Bonds of the Federal Security and Mortgage Company embody all desirable value. Th~ notes are priced at 100 to [ Chi & East 11} ot yield 6 per cent. Chi Great West, Sanitary Grocery Leads Market. |Gt Gf yest uf- In heavy trading on the Washington | Ch1 Mil & StP pf Stock Exchange today Sanitary Grocery | Chi & Nwn4). | preferred jumped to 135 per share on a | Chi Pne Tool(6) 116-share turnover. Other local stocks | Chi Ri&Pact6). were also strong. Peoples Drug and pr(T). Mergenthaler were among the most{ Chi YelCab(3). active issues. There was a $19,000 turn- | Cnickasha (3). . over in Washington Railway & Elec- | ¢ tric 4s-at 927 and other bonds were equally firm. Railway & Electric pre- ferred stock sold at par. Capital Trac- tion 58 moved at 101 Gas bonds were in extra good demand. Local Dividends Declared. The American Security & Trust Co. has declared the regular quarterly divi- dend of 3 per cent, payable October 10 to stock of record September 30. Cluett-Peab(5)., Coca-Cola6)... Collins & Aikmn Col Fuel & Iron. Col Gas & El(5) Col G&E prA(6) Col Carbon4). . Col & AIK pf(7). * Received by Private Wire Direct . Low. Close. Ally 1034y 51y 106 364 594% Drug Tnefd).... Dunhill Int(4) Duponte 113 50) Du Pont debt6). astman(t8)... Katon Axler2).. Kisenlohr&Bro. Klec'Auto Li4) Ktec Au L pf(7). Klectric Boat KlecPow& Lt Klee Stor Bat(s) End John(5)... Kineineers Pub S Eng Pu S pf(h Euuit Bldg EquitableTr(l MrieRR.. Erte st p . Eureka Vi), Exchange(1%). airbanks(i). . #airbankMpt (7) Ked Light pt(§) Federal M & Sm ed MotT: f80c) Fidelity-Phoenx Kirst NatS(1t) Fisk Rubber . ... Fisk 18t pr(7). 1 E1sk 18t pf ev(7) leischmanni3) Florsheim (A).. oundation Lo. . Fox Film A(4).. Freeport (16%). Gabriel Snub A. Gardner Motor Gen Am Tnk(4 Gen Asphalt. Gen Cable Gen Cable A(4). Gen Cigars(4) Gen Elec(t5)... GenkElec sp6ic) Gen GusAtol 1g) Gen Ice Crm(3). tien Motors:17) Gen Mot pfi7).. Gen Vutdr Ad(4) Genvutdradi2) Gen Ry Sig(5). Gen Lefrac(3) Gillette Raz(5). Gimbel Bros. Glidden Ce . Glidden(rights) Glidden pr pf(7) Gold Dust (5). Goodrich(4). Geodrich pf(7). Goodyear Tire. . Goodyr 1St pf(7) Gotham(32%5).. Gotham n(321) Gould Coupler A Graham-Paige. . Grhm-Paige cfs Granby Mint4). Grand Unton. .. Grand Un uf 13) Grant WT (1)., Graselll (2.68).. Gru North pted) Gt Nor pf efs(s) Grt NorUt1%). Grt Wn sug 2.80 L Grt Wn Su pf(7) Greene Cana4). Guantanam Gult Mo & Gulf Stat Hack pf A(1%) Helme G W (5 Hershey Corp. . Hershey pfi4).. Hershey pr pf(6) Hoe& CoA..... Hoe & Co rights. Hollanier & Son Homestake(77). Houshold(14).. Houston Oll. ... Howe Sound(4). Hud Man pf(3). Hudson Mot (5). Hupp Mot (£2).. Lilinots Cent7). indep OIl(1). ... tndian Mot(1%) Indian Retining. Indian Refg ctfs Ingersoll R(7a). Inland S(kt6% ) Inspiration Cop. Internat Agri. .. tut Ag Ch pf (7). Int Bus Ma(5):. nt Cement(4).. int Com kng(2) Int Harvij6)... Int Harv pf(7). Int Mtch bf 3 20 Int Mer Marine, Int Mer Mar pf. Int Nickel (3).. Int Nickel (rts). Inter Nick pf(§) Int Paper(240). IntPap cfs(2.40) Int Paper pf(7) In Pappf cfs(7) Int Prtg Ink 2%5. Int Ry Cent Ani. Int Silver. . Intl Silver pf Int Tel & Tel Isiand Ci ) lohns-Manv (3) Jones & Lau(7). Jordan Motor. .\ Kan City South, Kan C So pf(4). Kayser J(5). ith Al pf(7). Kelly-Spring. .. Kelly Tire 6% pf R Kennecott (6). . Kinney (G R).. Kinney pf (7)... Kolster Radio. . Kraft(gllg). Kresge(7160). Kresge Dept S.. Kress (S H)(1). Kroger Grotel) Lambert (16%2). Leh Por Cmt 2% LehighVali3i) Lehn & Fink(3). Life Savi1.60).." Lig Myers(15).. Lig & Myrs B 16 Lima Locomtve. Loew's Long-Bell(A).. Loose- W Lorill Open. 1124 £0% 393 116% 179% B8 181y 106% 110 6% 16702 1% Bbin 761 2074 110% 68 116% 179'% 8% 19% 1077 110 10% . Low. Close 1% 111% 60 60 389 389 116' 116% 179%. 179% AT BTH 184 105'% & { Gppme Office. Mullins Mfg Murray Corp. Nash Motrs( 16) Nat Acme (sta). Nat Bellus Hess tBHess pf(7) atl Biscult(17) at Bisc pf(7).. t Cash R A(3) Nat Dairy(3) Nat Dept Stores Nat Distillers Nat Enamel & S Nat Leadib).... [Molor Whl(2) Nat Ry Mex 2d. Nat Supply(t6) NawSurety(10) Nevada Cillg). N Y Air Br(d).. N ¥ Central(8). 6) ¥ Ont&Westn N ¥ Stm pf6) N ¥ Stm pfA(7) Nort & Woiti0) Norf & W pf(4). NorAm 010% st} North Am pf(3) NorAm Ed pf(7) North Pac (5).. Nor Pac cfsi5). Norwalk Tire Norwalk Tire pt 011 Well Supply. O Well 8 pt. Omnibus : ilins(f4 Ot Blevit7) . Otis Elev pf(6). Otis Steel . Otis Sti pr pf(7) Pacific Coast. .. Pac Coast 2d pf. racine Gusiz). . Pac 01l Stub; Pac Tel & T(7). Packard Mot14) Pan-Am Petrolm Pan.Amer Pet B Panhandle..... Farmi-Fm(js).. Park & Til (13). Park Utah(80c). Pathe Ex... Pathe Kx(A). Patino M(2.92). Peeriess Motor. Penn Dixie Cmt. Pa Dix Ctpf(7). Penn R R (3%). People’'s Gas(8). Pere Marq pf(5) Pere M prior(5). Phila Co (15%). Phila Co pf(2%) Phila Co pt (3).. Phila'® RC& 1., Pnil Morristl).. PhillipsPet(1%) Phoenix Hosiery Pierce-Arrow. .. Prerce Uil pf . Plerce-Ar (A).. Pleice Petroim. Pillsbury(72.10) Pilisbry pf(6% ) Pitts Coal . Pite Coal pf. Pitts Stl pf (7 Pitts Term Co: Pitis& WVa(6).. PortoR1coTobA . PortoRicoTohB. Postal T&C pf 7. Postum (3)..... Pressed Sti Car. Pr St Car pf(7) Produ & Retinrs Producers&R pt Prophylac(131) Pub Serv NJ(2) Pub 8 NJ pf(7). Puliman Co(4). Pure Ofl (80¢).. Pure Oil pf(8).. Purity Bak(3).. Purity Ba pf(6) Radio Corp. Reading Ry(4). Reading 1st(2), Reai Silk Hos. .. Reis (R) & Co.. Hemingtn-Rand Rem-Rd Lst(7). Rem-Rd 2d(8).. Reo Mot (113). Hep 1 &St ... Reynolds Spngs ReynldsTobB(5) Richfleld Oil(2). Rossia Ins(5) Royal D(a3.222) St Jos Lead(13) StL & SanF'(18) StL&SF 2d pd(6) StL&Southwest Arms:2) J312).. Seub Alr Line. .. Seagravetel.20) Sears Roe(32%) Seneca Copper-. . Shattuck F3(2) Shell Unt140).. Shubert The(5) Skelly O1142). Snider Packg Co So Por Rie S(12) South Calif Ed.. South Dairies A. South Dairies B South Pact6)... South Ry(3).... South Ry pf(5). Spane Chalfnt. Spear&Co pf(7). Spicer Mfg..... Spiegel Co (3).. Std Com Tob(3). SUG&E3%). SWdG&Epfi4). Std MUling(6).. Std U Cal2%).. ! StOINI(T1%). StdOINY (1 60). Std Plate Glass. Std P Glass pf.. StdSanPro(1.68) Strom Car(2)... Studebaker(5). . Submarine Boat. Open. 46% 89 70 937 18% 105 106 176% 142 9013 1024 2608 40% 451 NEW YORK STOCK EXCHANGE to The Star . Low. Close. 457 851 69% 92 93y 185 18y 101% 103 1061 4 177% 142 a1 46% 86 T 4 101% 101% 126 1061 A 100% 993" 99 9813 sl 48 32 106t 106% 480 48W 28t 100 5 55 100% 100% 99 99 ~ 984 5% 18 30 100 100t 10% 105 v T3 211 126 30% 97 28% 28 28 211 126 3014 9742 28% 39% B0 1% 5% 9% 114y 5% 25% 254 B4 345 15% 16 857 10 16% 10 14% 81 81 64% 61% 186% 186% 951 95 HGH WONEYFALS TO CHEG TRADING Stocks Close Firm in Face of Highest Rate Since July 2. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, September 19.—Faced with the highest money rate since July 2, today's stock market gave a account of itself. Prices sold off some- what in the last few minutes of trad- ing, but there was no weakness. Earlier in the day the movement had been ir- regular in the extreme, but in the last hour the market apparently was on the verge of a substantial advance when the rise in money interfered. The renewal rate was 7 per cent. PFrom this point the charge went first to 73, per cent, then to 8 per cent, and at 2:30 o'clock to 815 per cent. Among the stock to advance regard- and P'lexsch:nm The close was with ixed net changes. mNcw nvorll,esg” were brought to the front all through the list. In the min- ing group it was the lead and zinc stocks which were in favor, while most of the coppers were absorbing taking sales. St. American Zinc, both medium-priced | issues, were bid up to new highs. In- terest was shown in the very low-priced Callahan Zinc Lead. All of which was connected with the improvement in the trade. Cerro de Pasco, the rise in which had been so striking a feature on the day before, declined. International Nickel moved forward 3 points or so and the other stocks in this part of the list held their own, but did little more. Money went to 8 per cent in the aft- ernoon, following the calling of more loans by the banks. Atlantic Refining stood out active and strong among the oils. It was pre- dicted that the dividend would be in- creased, but a more potent influence was the estimate of increased earnings. Motors Lose Gains. Motor 'stocks failed to hold early gains. General Motors raa up 2 point in the first half of the session and then slipped off. United States Steel moved through a smaller range, but acted in similar fashion. Radio jumped around, up at one time 5 points and then losing it all. For a time Allied Chemical and American Can were actively bought. Gillette Safety Razor and American Safety Razor both made large gains. There was heavy short covering in Freeport Texas, lifting the price some 5 points. Liquid Carboni made another new high today on top of its sharp ad- vance Tuesday. General American Tank advanced spectacularly. Money was in good demand, with the banks calling some $10,000,000 in loans. Further withdrawa o'clock resulted in the rate advancimg to 715 per cent. Time funds held firmly at their new high levels. Opening Irregular. Irregular price changes characterized the opening. The coppers were not so prominent T es™ Amaeonta. was among the favorites. uncl:l:nxtd at 80%;, while Chile and Cerre de Pasco were well bought. Curtiss gained almost 5 points in the first few minutes, Missouri Pacific issues led the rail shares. lngmntlog: ";llut dtre’c'g:: dgl .:':‘r!:- American leum mig] - thing in the way of dividend distribu- tions at the coming meeting brought out a demand for the B shares. Other oils were little changed, with the exceps tion of Atlantic Refining, which gained more than a point. Motors Holders Increase. NEW YORK, September 19 (P). Holders of common and preferred stock of General Motors for the third quarter increased to 71,682 from 70,399 in the second quarter. GERHA; BONDS AND STOCKS. Special Dispatch to The Star. NEW YORK, September 19.— ‘. Bid. Ger Govt Red Loan with draw r 100 R M..... 5500 67.00 or ket arks, 23700 - 35.00 Ger Berlin 4s pre-war = Hamburg, 3s, 328 & 4s pre. Hamburg' American Line 4125, North German Lioyd 4V P pp 5s 1921 Dusseldorf 43 Erankfort a-M 4s pre-war. unich 4s pre-war. (Quoted_in_doll arben . Disconto Gellschafi. liner Handels | Deutsche Bal Darmstaedter Bank. 'S Rub st pf.. U S Smelt (3%) USSmopfi3tg). U S Steel(7).... U 8 Steel pf(7). U S Tobaceo(3). U S Tobpft7).. Uni Leaf Tob(3) Uni Pic Ist pf(8) Univ Pipe & Rad Uni Pipe pf(7). . Utah Copper (8) Ut P&L Ate2), vanadium«14).. i Van Raalte..... Van Raalte pf.. Vick Chem(4).. Victor Talkz(4) Va Caro Chem.. Va-Car Ch pf(3) Va-Car Ch pf(7) Vivaudou Co.... Vulcan Detin... Wabash........ Waldorf(1%).. less of money were Atlantic Refining | gmm- Joseph Lead and | Asked. [ STOCK LIST REVISED FOR MARKET AVERAGES By the Associated Press. NEW YORK, September 13.—A re- vised list of representative industrial ket averages became effective yesterday, eliminating several inactive issues and giving a greater diversification. Substitutions in the list include American Tobacco, Consolidated Gas, General Motors, Radio, Sears-Roebuck and Standard Oll of New Jersey. in place of American Car & Foundry. Baldwin Locomotive, Republic Iron & Steel, United States Rubber, Utah Cop- per and Westinghouse Electric. At the same time the use of a stand- ard divisor was adopted to avoid the necessity of multiplication of prices in stocks which have been split up or on | which stock dividends have been. de- |clared. This method, it has been good | demonstrated, will simplify operations | without destroying the continuity of the averages. The divisor in the case of the :?dlsuslt:ghls is 114, while for the rails SILVER QUOTATIONS. NEW YORK, September 19 (/). —Bar | silver, 57; Mexican dollars, 43! 1417 K St. | (A ————————— AR stocks used in the Associated Press mar- | GERMAN RESERVES INCREASE BERLIN, September 13 (#).—The Reichsbank statement as of September 15 shows the following changes in Reicnsmarks; gold and bullion in- creased 40.437.000; reserve in foreign currencies increased 11,201,000, bills of exchange and cheques decreased 227.- 821,000, silver and other coins increased 7,100.000, notes on other banks in- creased 5,639.000. advance increased 23,822,000, other assets decreased 4.- 928,000, notes in circulation decreased 197.364,000. other maturing obligations decreased 6.921.000, other liabilities in- creased 9.735,000. Total gold holdings, 2.310,133.000. » Rate of discount 7 per cent. BOSTON WOOL STEADY. BOSTON, September 19 (8pecial).— A good demand prevailed for Ohio strictly combing fleece wool in the Boston wool market and prices displayed a tendency to harden. Fine Ohio fleeces were quoted at 47a48 grea‘e basis, half blood at 50a51, three-eighths blood at 55a56 and quarter blood at 55. Pine territory was quoted at 1.12a1.15 clean basis, Prench combing at 1.05a 1.08. half blood at 108al.10, three- eighths blood at 1.05a1.57 and quarter blood at 98a1.00. e UNLIMITED Funds for LOANS On Impr:);:d Real Estate In i Nearby Maryland, Virgini the District of Columbia For Periods of 3,5 or 10 Years and Low Interest Rates and Charges BOSSEEMHE(PS Founded 1907 Main 9300 Loan Correspondent John Hancock Mutual Life Insurance Co. Are You Planning to Change Your Residence October 1st or 15th? lF you have not located the house or apartment you have in mind, let us help you. We have desirable houses and apartments in all sections of the city, and in the suburbs—no doubt the house or apartment and lo- just what you desire. for LOANS on and JOHN JOY EDSON, President Organized 1379 eereeneeeean..85,049,244.49 cation to please you. If not, REALTOR we will assist you in locating PHONE OR CALL FOR OUR LIST Main 5027 023 NewYork, Ave. and 1237 Wisconsin Ave. APPLICATIONS INVITED ~ IMPROVED PROPERTY Located in« the District of Columbia and adjacent Suburbs of Montgomery ce Geourges 5%% INTEREST Apply to H. L. RUST COMPANY LOAN CORRESPONDENT The PRUDENTIAL INSURANCE COMPANY OF AMERICA .1001 15th Street N.W. Counties, Md. Main 8100 Equitable Co-Operative Building Ass’\ : WALTER S. PRATT, Jr., Secretary 48th YEAR COMPLETED Surplus & Profits. ....$1,578,070.05 Subseriptions for the 95th Issue of Stock Being Received IT’S NOT WHAT YOU MAKE BUT WHAT YOU SAVE THAT COUNTS i 5%.50 Share Open an account at the Equi- table and Save Systematically. Come in and have us explain our plan of savings. 915 F St. N.W. The Merchants' Transfer & Storage Co. has voted the regular quarterly dividend of $1.75 per share on the pre- ferred k. Sun Oflnl). ... Superior Oil. ... Ludlum Stl(2).. Supertor Steel.. MecCall Corpt3). i Sweets of Amer. McCrory 8(2).. 102 2% 1025 Al T McCrory pf(6).. Mclntyre P(1).. McKeespt Tin P) Mack Truck(8). Macy Co (2). Mad Sq Gar (2). Magma Cop(3). Mallison & Co... Mallison pf(7) Manati-Sugar pt Man Elec Suply. Man K| m2g(dd) Walworth(1.20) Ward C1A(8)... ward Bak:ng B. Warner Bros Pio Warner Pic A... Warner Qui2).. Warren Brosi4) Warren1st pf(3) Warren F&Pipe. W Penn El pf16) West P Po pf(7) DalryA(4) D: Loustana Oil. .. LouisGasA (1.75 Com Cred:1)... Com Cr pf(1%). Com Cr pf B(2). CominvTr(3 60) Com Inv (war). . Com Solvents8) Com Powr(3), Com Powr rts. .. safeguards for the protection of the investor’s principal. Secured by mortgages on con- servatively appraised owner- occupied homes of the District of Colum| they are the direct obligations of the Company with resources of over $1,000,000. Independently trusteed by a large National Bank and wi underlying collateral _uncondi- tionally guaranteed by the Equitable Casualty and Surety Company of New York, with capital, surplus and reserves of over $3.500.000. under the super- vision of the New York State Insurance Department, they pre- sent an unusual investment with a liberal yield of 6:% mnet. Maturities 2 to 10 years. Bank Women Hold Dinner. The annual dinner of the women's committee of Washington Chapter, A. 1 B, held at the Y. W. C. A. Iast | Conde Nast(2). . evening, was a brilliant success. The | Congoleum-Nair chief speakers were Judge Mary O'Toole, Raymond B. Dickey of the|Cons Cgrs (16). institute faculty, Frederick P. H. Sid- [ Con Film pfi2). dons. secretary of the American Se- |Consol Cgrst7). curity & Trust Co., and James A. Siper, | Consol Gas(5) chapter president. ConsolGaspf(5) All the speakers stressed the impor- | ConRRCuba pf & tance of banking education for women, | Consol Testile. . Mr. Siddons spoke particularly of the | Container A 1.20 !success women have already attained [ Container B 6vc. as secretaries, tellers, financial librarians | Cont Baking A.. and managers of departments. Cont Baking B.. He noted the trend on the part of | Cont Bak pf(8). those in control to employ women more | Cont Cant6). ... and more in banking positions of the | Cont Fsur¢6).. utmost importance. Cont Mont 180¢), i rnixBank (20 Corn Pro(v34% ). A Rubber Unchanged. Coty*Inc(gb). .. Crucible Stl (5). NEW YORK, September 19 (Special). | ¢ - —Crude rubber, smoked ribbed sheets, E:::::nm-‘::yn.f remained unchanged at today’s noon | Cuba R R(4.80). quotation of 18}sc. This compares with | Cuban Am S(1). 1912¢c a month ago and 33%c a year [ Cuban Dom Sug. ago. Cudany Pkgt4). Curtiss Aero(1) Cushmann pf(7) Cutir-Ham13%) Davison Chem .. 2t 6 Debenhms (2 18) 4 e&Co pf(7) 2 Del & Hud(9)... Del L& W(+1), Detrolt Ed(8).. Devoe A (13.20). 99,000,000 | D1amond M(19). Dodgze Bros A. .. Dome Mines(1). utogh (80c). Copper(1). xas Corpn(3). Texas Gulf Sul(« Texas & Puct5). Tex Pac C & Oll. Tex Ld Trnew) Thatcher Mfg. 2 t r pf 3.6 ry B.. Maryland. Pacific. ... West Union(8). Westhse A B(2) Westinghse«4) Weston Electrie Weston A(2)... White Bagle(2). White Motorst | White Rock(2). White Sew Mach White SM pfi4) Willys Ovi1.20) Wilson & Co. Wilson Co pf A. Wilson & Co pf. Woolworth ()., Worthn Pump. . Wright Aero(2) Wrigley(7534). . 5 5 Yellow Truck... 40% 39% 39% Hourly Sales on N. Y. Market. 1lam. 836,100 12 noonl.528,000 1om. 2.189.900 2 p.m 2,893,000 vidend rutes tiie annual cash The Fa Third Avenue. . Thomp J Ri3 60) Man Shirt(2)... T1dy er AsOil Maracatbo Oil. Tid ter O11 80 Market Street. Tide W O1l pf(s) Market St prior. Timken(18). ... Mariand Ol .. Tobac Prod (8). Marlin-R(13%). Tobac Prod (1) Marun Pariy. Tob Prod ctfs B. Mathieson(6). Lranscont VIl . May Dept St4) Trico Prod:2%) Maytage13). Twin City RaTr. Maytag pt (3). tag 1st pf(6) Udwd EI F4) Un Bag&Pape! Unton Carb( UnOi Cali2)... Unton Pact10).. Un Pacific pf(4) Unton Tank(5). Utd Biscuit 1.60 Utd Biscut pf(7 Utd Cigar Stel)., Utd Fruit 6% ) CS8CIPet(10) U 8 Distrib U S Expr .. U 8 Aleohol(5) 8 IndAIf pf(7) Funds to Lend ’ Large and Small Amounts on Residences Business Property Apartment Houses For 3 or 5 Years ‘Without Curtailment Wm. H. Saunders Co., Inec. Loan Correspondent Provident Mutual Life Insurance Co. 1433 K Street Main 1016 Descriptive Circular on Request o N {258 Federal Security & Mortgage Co. 1522 K Street N.W. Please send me your circular on Insured Mortgage Bonds. 177 177 Miami Copt1) K Mid Continent Midd Mid Staf Minn StP&SSM. Mo Kan & Tex.. Mo K&Tex uf(7) Missour: Pacific Missourt Puc pt Mohwk Car 213 . Montgmry W(1s Moon Motor.... Mother Lo(30c) Motion Pic Corp Motor Meter A.. Motor Prod (2). BANK CLEARINGS. NEW YORK, September 19 (Spe- cial). New York Toda A Year Ago. y. clearings. $1,366,000,000 $1,137,000,000 New York e balances... 134,000,000 115,000,000 CAPITAL & SURPL bl 117,000,000 New York Fed. ‘OVEIL $£750,000 Boston clearings... 99,000,000 Res. , 1 0% @ENome. cenanennnnn L Realty(4).. ubber.oeee 21% 21 185 185 1824 e