Evening Star Newspaper, May 7, 1929, Page 13

F YOUNG MAN College grad., business experience, speclalist in industry, foreign and amnua eomuuru marketing and merchandising, de tion with future with ummum or flun- cial house or manufacturing firm. Address Box_113-V. Star office. MONEY TO LOAN PPLY MBIA PERMANE! e BUILDING ASSOCIATION 83 13th Street N in 352-358 Money to Loan Secured by first deed of ‘ real estate. Prevailing interest ion. I“ ' -. L. . ’fl" Joseph eller Flac. oth s ¥ X, P SNEY 0.l oA CURRENT RATES OF INTEREST FLOYD E."DAVIS CO. 733 126h St. NW. Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Life Ins. Co. 1520 K Street Main 475 THE IDEAL INVESTMENT Standard Collateral Trusteed Common Stock Shares TRU OWNER- Anth U5a 500 *leading Ameriean Corporations: your ftereat 10" snvestigate. Shnd-nl Coll-hrll Shru Corp. INANCIAL.? AGTIVITY DECLINES Credit Factor Slows Up Oper- | & ations for Advance—Volume Is Smaller. BY HARRY H. BECKER. Special Dispatch to The Star. NEW YORK, May 7.—Tighter money sobered speculative enthusiasm on the Curb I:xch ge today, but did not al- operations for the rise in a Xew t-vored 1ssues. iate credit factor seemed to be offset to a large extent by favor- able earnings and trade developments affecting specific shares. One or two of the utility representatives were bid up violently again at the opening in large blocks and there were a number of strong spots in aviation, mer- chandise and miscellaneous industrial sections. However, the gains were coun- teracted by & sagging tendency else- where. The opening was fg]wred by a spec- tacular- advance Investors on a 10,000-share transaction at a new high price and a 15,000-share bunched order in United Corporation, which was reactionary. All the American Super- power issues also displayed heaviness, Whfl! United Gas Improvement extend- ed its previous rally from the low reached after the announcement that the stock could no longer be exchanged for United Corporation preferred and common. Developments at the annual meeting Monday were also interpreted as favorable. Among the aviation stocks which re- sisted the selling best were Transcon- tinental Air Transport, at & new record pri Douglas and Fokker. National Aviation, whlch is may the Franklin 3783. Complete Investment INVESTMENT BUILDING ‘WASHINGTON, D.C. Telepbone, Main 2460 TRUST MONEY 0. hmu, apartment and business No appraisal 'rempt service, & Gumnty Corp. % Jlmfin Main 1403 R. McREYNOLDS & SON 14232527 L St. N.W. Decatur 686 NEW CARS Consult Us First ¥ you need money for your Real Estate financing let us have your application today. Prompt Service No Appraisal Fee The Commercial National Company raia wp ERRTCHSIAL soonc0n “--'"mu':'.“ lblG-ll Blds. Continental Trust Co. 14th and H Streets Capital, $1,000,000.00 Checking Accounts Savings Accounts Acceptance Credits Time Deposits Foreign Exchanges Commercial Credits Travelers’ Credits Travelers’ Cheques Collections Real Estate Loans Collateral Loans Investment Securities Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes Continental Trust Co. 14th and H Streets WADE H. COOPER, President naged by Cumu-l(eyes interests, was in demand on belated recognition of the first four months’ earnings, which were at the rate of $3.25 a share for the year. Among the airplane accessory issues, Thompson Products met support on news that current profits are running 60 per cent inl:;:us of the correspond- of le the olls lacked uniform trend, and some displayed moderate weakness, some of the lowe:-priced independent issues held firm. Greater activity was witnessed in Intercontinental Petroleum, which has purchased control of a 75 per cent I.nlzrut in the Turkish-Ameri- eu: Petroleum Corporation, ®hich owns cessions in European and Asiatic ln the hemr-gnde list, Gul! Ol.l of Pennsylvania, Cities Service the Standard Ofls Sllyed 8 mtxed t.rend The money influence was most ef- fective in producing reactions in some recent favorites, like Auburn Automo- bile, Newmont Minirig, Firestone Tire and Gramophone. Losses, however, were not particularly severe. On the hand, succeeded in marking veek. Baltimore Markets Special Dispatch to The Star. sl BALT!MOR! I(d May 7] = toes, white, 1 1.00a1.50; 0; new hm ‘Slhl'l.” yams, barrel ] L toes, barrel, zoq spinach, 30890 75; _apples, bush Srapetoit, WOk 20083.25; %‘hnlu. box, .2584.00; strawberries, 1 nnrylum Live Poul chickens, d, !hu.lahorm 40; u\lnm hens, 34a35; ducks, : guinea fowl, each, M-lm. pigeons, ", 35840. Eggs—Receipts, 1,017 cases; native ponu:td" 45a48; D! 48a50; ladles, 35a38; rolls, :ma d.ury prints, 33a34; process butter, 42043, Hay and Grain Prices. ‘Wheat—No. 2 red Winter, garlicky, spot, 1.10%; May dell'el! l lO‘A. Corn—No. 2 export, Mm‘very, 1.00a1.1 foccinls, 26 fons: Wnile hay 1s arriving here in limited quantities only, it is more than enough for the demand, which is being supplied mostly by truck from nearby points, a few carloads be- ing received. There is not enough busi- ness passing to establish prices on the various kinds on merit at a range of 12.00816.00 per ton of timothy or clover Straw—No. 1 wheat, 12.0012.50 per ton; No. 1 oat, 12.50a13.00. FAAE P SRS O CHICAGO LIVE STOCK MARKET CHICAOOo‘)lly"I I(M (¢ Unm Department of Agriculture) —] ceipts, 19,000 head, including 1,200 di- rect; market opening steady to 10 lower; later trade fairly active atsteady prices; top. 11.45, paid for 200-pound averages; few loads above 11.25; butchers, medium to choice, 250-300 pounds 10.60a11.15; 200-250 10.75811. 160-200 pounds, 10.35a11.45; 130-160 pounds, 10.00211.25; chklnl sows, 9.50a10.25; pigs, medium to choice, 90-130 pounds, 9.25210.85. Cattle—Receipts, 8,000 head; calves, receipts, 5, ooo head; undertone weak on ling vellhty steers weak to 1y a steer run; 15.00 bid on 1,300~ puund neen steers, good cho pounds, 18 5a1h s no 1,100-1,300 pounds, 13.50a15.00; 950-1,100 pounds, 13.50a 15.00; common and medium, 850 pounds up, 10.50a13.50; fed yearlings, good and choice, 750-950 pounds, 13.75a15.00. Heflen. good and choice, 850 pounds down, 7 ; common and me- dium, '8.00a9.75; low cutter and cutter, 6.25a8.00; bulls, good and choice (beef), 10.25a11.50; cutter and medium, 8.258 12.00a16.00; . cull and common, stocker and feeder steers, good lnd cholee (all weights), 12.25a13.75; com- mon and medium, 9.50812.50. Sheep—Receipts, 11,000 head; market steady to weak; shorn lambs, 13.90a 14.50; good to choice wooled, 15.50: some held higher; sheep luld;flme- dium to good fat ewes, 6.50. low- Spring lam| ‘basis; slaughter lambs, good and choice. 1025:1750 medium, 15.25216.25; :nll and common, 13.25a15.25; lambs, and choice, 92 pounds u.xs- 14.40; medium, 1250a13.50; cull and common, 10.00a12.50; medium to choice, '92-100 pounds, 12.25a14.00; ewes, medium to choice, 150 pounds fiv&\ 6.00a7.50; cull and common, 3.75 PARIS BOURSE PRICES. PARIS, May 7 (#).—Prices were firm on the Bourse today. Three per cent rentes, 74 francs 70 centimes: 5 per Capital, $1,000,000.00 cent loan, 101 francs 10 centimes. Ex- change on London, 124 francs 19%; cen- times. The dollar was quoted at 25 francs 59%; centimes. THE EVENING STAR, WASHINGTON, NEW YORK, May 7.—Following is & list of stocks and bonds traded in on the New York Curb Market today, with the volume of sales and prices up to and tnelud!n‘ the close of the market. Buhareds. 20 Acoustic Prod 1Aero Sup MI r 9 Aero Underw . 33 Ala_Gt So p! 13 Alexander Thdus 120 Allied P & L. e 1AM B &L :n pid. 17 10 Beth 1 Blauners X 20 Bri 8t Briskt 0B him Suar El B 111 Co illo M o 19 T 55! Ex & "u’fl'dfi:‘-uo' ID & Co A aaazzggggg -2 i SEE5 H 5000000000 B 99! Commonwit” Ed . .é Gommonw P pid Eons At Mer n s _....u-o»u-u*.—_-u-o..o#u...:—s-. 16 lg e neaters vii 36! D"R“‘ nk H %:.': - 100 §§§55§ %5% & _. . B saor S iy o ( & ..Eéo"n" 5 2 L 3.8 = g Eor §§§§§uu - "gg Pinish S Aviat A £3 o] "5".: :i LI 1% Pire Tiry i'Flor Pw & £ a1 Fokl irp Am =22&‘32"‘3283=.5===== rd Mot Can 1Foremost Dairy. 3 Foremost Dairy pid. Fab. d berg Store: iman Sachs Ine A s e 0D 83050 =t 5 : 8 2 Ground Grij § Guardian 1 § Hazelting Helena Rubenstéin Hiram walk G & 3 Housenold' Fin 3HOMerY Sers o ir : Chemical. .. } Tndust Binance ctf 4Insur Co N A, Bd:: & 31 Ital Superpow 2 Ltal Superpow de ady s 1 Kermain” Ml l 1Knott Co l;Kahler-!rl det 1 Magnin g Mangel mun h Mavis nouun- 2 Metellan Btor ‘4 25555888 232255, s S8a e AR 8! giseSan v P uaSunuss 558 i e -32%3 2. 5%, =5 & F - e e58s ansaam SF wa wew e S orescsmmoraa B Rt b 838 i s 55 333" 29 Municipal Serv . 23.Nat Avia ’ Na Banca rv 22 Natl 2Natl Fam Strs Bid. Food Prod 3 & Penney pid 3 Penn Ohlo Bd HECEEE e S B F cacacacon & eatfer P 1Sharon St Hoop. 1Sierra Pac E 8 Sikorsky Aviati 11 Silica Gel ctfs. 4 Silver I & Bros 14 8i it uthw D! 1 Southw Dairy P pfd. 2 Southw Strs 3 Spanish & Ge 28tand Inv 2 Stand Mot 1 Starrett Co: 25teln & Co 18tein & Co Bleln Eommmeties 8 5 2 30 Sterling Secur pfd ail 2 Stinnes H 1 ir Tisp:: "30% LPSA Co. 84! ac \-EEEED o == an0nnn MDA AN 0O DA LN e SO LI G B e S 13 £ S eae 2R55EEE! S ca19A3esAsNacaNs BRI $38€€2g2<ssdagdaadaany es XD rn_Alr Exp estvaco Chlor . estvaco Chior tis W hitenight Inc . dlar Food Pr 2323 % B3 SINNERNENAR 2823822 R ORE N e e g R Sde e W e Sued ea rrreen S=aTZ LTI b Nlpnum: Nera fornt &9 Pemier Gold M oan Antelope 84 an Antel nvc <18 wl g R *.‘.\'.“:w lfl"’ 107 'i 825 162% o 108es ] Sornnsn e exico Ohi0. rod. Bradford w Mex Ariz 5 'l!"l 35 is ! 18% BaamSasmons - it 3 IS Received by Private Wire Direct to The Star Office thousands. 1 Abbott Dailes 65 '42.100% itibl PAE 1Am Seating 6s 954 16 Appal El Puw [ %50 Hed B A &L 5 O AT kom e ks a5 41, 9905 18450 G & EI 438 'u 138, & R 1 EmPoanks Mor B 42 $Firesto T & R 85 42 9 23Fla P & L 55 '8 1 Garlock Pkg 6s '3] " 14 Gatinean Pow 55 '36 5 Gatineau Pow s '41. 12 Georgin. Pow 53 '8 1 Grana Trak 68 '36 i 45 47 101 3 s ‘54 39 A 57 36 s, Rid i =z 22 9 3! SR » Tite doul o lits Seeer % s » 8, B0 e e g B S o B B B ottt S B e 7779 4553 05.‘ 2 0 2 Buenos Alre 27 Buenos_Aire: 20 Bk Ger oS nhe S uhr umania, mn s '59 G Ss at cle n wi—When issued, n—New. Ww—With warrants. Markets at a Glance NEW YORK, May 7 (#).—Stocks ir- regular; aviation shares reach new height. Bonds irregular; United States Governments soft. Curb irregular; United Corporation’s advance checked by reauz.mg Foreign exchanges steady: Spanish peseta rally. Cotton higher; unfavor- able crop advices. Sugar easy; poor spot demand. Coffee lower; easier Bra- zilian advices. CHICAGO, May 7 (#)—Wheat weak; slump at Winnipeg and large stocks. Corn steady; decrease contract stocks. Raybestos Sales Gain. Raybestos Co. and subsidiaries reports net sales of $2,211,297 for the first quar- ter of 1929, against $1,552,094 in the jsame period last year. After all de- | ductions, . net profits were $415,420, 1w after preferred dividends was equal to $3.40 per share earned on the ;mon stock outstanding. Net for the first quarter of 1928 was $224,298, or $1.78 a share on the common. F. & W. GRAND SALES F. & W. Grand 5-10-25 Cents Stores report _total sales for April, 1929, of $1,588,397, against $1,171,804 for April, 1928, an increase of 35.5 per cent. For the four months ended April 30, sales totaled $5,571,833, compared with $4,- 001,326 for the same period last year, an increase of 39.2 per cent. Speaks on Coal Industry. CHICAGO, May 7 (Special).—Ad- dressing the twenty-first annual meet- ing of the International Railway Fuel | Association heére today. Harry L. Gandy, ! executive secretary ol the Nltlnml Coal | Association, Washington, D. C., stressed | the common interests of the "railroads and the bituminous coal industry. He stated that the annual output of the 135 mines owned by 24 railroad com- !plnles was about 25,000,000 tons of bituminous coal, or over 5 per cent of the total production of the country. Baltimore Customs Receipts. BALTIMORE, May 7 (Special).— April customs receipts at Baltimore i amounted to $633,609.88, compared with $983,768.03 in March and $639,079.70 in April, 1928, For four months of 1929 customs collections on dutiable imports taled $3,573,526.68, compared with u 842,944.71 for the correspond- ing period of 1928, D. C, TUESDAY, MAY 9%, 5 | England, 1929. IRISH POULTRY MEN SEEK U. S. MARKET Modern Refrigeration Puts Foreign Birds in Com- petition Here. BY J. C. ROYLE. Speclal Dispatch to The Star. NEW YORK, May 7.—The cocks crow in Ireland five hours before they do in 1] New York and eight hours before they announce the early morning hours on the Pacific Coast—and it would seem that the breeders of Irish poultry are nearly as wide awake and as far ahead as their birds. At least a thousand cases of Irish turkeys and chickens are arriving in New York this week and have been sold in advance. Neither freight rates nor tarifi duties have sufficed to overcome this competition to the birds of New the South Atlantic States, Texas, Iowa, Michigan, Minnesota and the Pacific Northwest. Modern Refrigeration. Consumers tried the Irish birds with considerable trepidation, but their fears were soon allayed. The birds which have been shipped here have been re- frigerated with the utmost skill. They have not been frozen, which, it is claimed, injures the taste of the meat, but are chilled just to the proper point where danger of spoiling is absent and flavor is preserved. This is due largely to the improved refrigeration xucllmes on the British passenger boats, which carry most of these cargoes and which touch at Queenstown and Belfast. After all duties and freight have been * | paid,” the growers of these birds have been able to sell them at approximately 2 cents a und under Lfit price for American birds in this market. This is due to some extent to the way in which the fowls are killed. The Irish fowls are slaughtered in such a way that the blood collects and congeals about the neck and crop, and since this is un- drained, about 1/ to 1t pounds s added to the Welxhbn d as it is sold. Most of the bll‘ds are large fowls. The turkeys run well toward 18 pounds aplece and are being absorbed largely by the hotel and restaurant trade, which uses them extensively in the prepara. tion of club and other sandwiches. It is said that the restaurant carvers have found it possible to slice an unusually large quantity of usable meat from these birds. Turkey Market. ‘Turkeys have always been considered an American product, but other n: tions are fast putting themselves in a position to compete in domestic markets with the home-grown birds. Argentina and Brazil are sending fair tonnages of turkeys and other fowls to this country. Huge numbers of chickens have come here from Russia, but these fowls, in general, have been frozen and as a re- sult of unscientific refrigeration have been below the local birds in quality. This is true to a certain extent also of the South American birds. Japan is sending a choice lot of chickens of broiler size to this country and is find- 118,672 shares of $25. par value com- M ing a ready sale, despite duty and freight charges. The quail of Argentina now have be- come a stendard article of food in this market, faring much better than rein- deer and whale meat, which were ex- ploited by local food merchants for a time. China still is shipping a huge quantity of dried and processed eggs to this country. The majority of these for- eign products are used by the whole- salers of food products rather than by the American housewife. The latter still inclines sharply to home-grown fowls @nd fresh laid eggs. { WHEAT AT LOW LEVEL. CHICAGO, May 7 (#).—Wheat prices ashed downward today to the lowest level reach at this time of year since 1924. At the day's bottom figures, wheat showed* a drop of 28 cents a bushel, m%“ed with the seeason’s top figures last bruary. Word of immense piling up M wheat at Montreal with no nlle expected until the latter part of May npeuhlly bearish influence today on the market here, and reported moves to utilize United States Shipping Board vesels to carry surplus domestic grain & ign centers from Gulf of Mexico had but little if any effect on vnlues Wheat closed nervous, 2'sc to 3%a S’fi net lower, corn vlrylng from V.c e to ¢ ldvmce, oats lgalsc off 'fl JYac gain_and provisions un to & rl:e_r of 20c. .vuxy : mflnm’ High, 07 COTTON PRICES FIRM. NEW ' YORK, May 7 (Special).—A continuation of yesterday's selling move- ment carried prices about $1 a bale lower during earlier trading in cotton today, but below 1815c for July and Oc- tober. The market developed greater resistance. The list left off abéut un- 5 i o FINANCIAL MM SPECULATIVE CURB | [NEW. YORK CURB MARKE BY KENNETH S. VAN STRUM. NEW YORK, May 7.—Each mom.h last year registered an increase in amount of agricultural ea‘ulprmem m- duced, as compared with the corre- sponding month of the year. This year is showing an even greater increase over 1928, and current earn- ings of the l.mplemem. companies are running at record levels. Case Continues Improvement. Case Threshing Machine Co., maker ff" ncavzn Xlnrm xa-cnmm "“m: lage implements, rej on common stock to be $25.01 in 1928, which made the third consecutive year the company has reported earnings of more than $20 a share. In the agricultural implement indus- try, where so much business is done on credit, crop failures and depressed con- ditions have taught lmplemem. manu- facturers to make ample allowance for contingencies. It is stated that if Case were less conservative in its account- ing methods it could have shown bet- ter than $40 earned last year. Natu- rally, if agricultural conditions continue to improve and it becomes unnecessary to use these reserves, they will eventu- ally accrue to the stockholder. When the industry definitely proves that it has attained a sound foundation, a split up of Case stock would be natural. In such an event, the company could easily show larger earnings. Deere’s Large Earnings. Deere & Co. specializes in smaller farm equipment such as steel pluwn cultivators, harrows, farm wagons an tractors, It makes a wide and varied changed on the day. Another bad break in wheat and higher money rates kept trading under nervous fluctuations throughout. Spots were unchanged at 18.05, ’ n, Clos Low. 1917 1842 1850 1848 18.62 1865 1877 PRICE INDEX DECLINES. ‘The wholesale price index of com- modities declined one-tenth of 1 per cent during the past week, resulting in a total decline of 19 per cent since March 9 and 3.1 per cent during the past 12 months, according to the whole- sfile price index of the National Fer- tilizer Association. The chief declines occurred in textiles, fats and fertuuzer | materials, small declines occurring in other foods and metals. Slight ad- vances occurred in grains, chemicals. resin and crude petroleum. The total number of declines was 34 and of ad- vances 22, 2322328 Pender Company Sales. ‘The D. Pender Grocery Co. reports 0ss sales for the month of April of 1,292,614, as against $1,153,983 for April, 1928, a gain of 103 per cent. Since May 1 the Pender Co. and South- ern, amm? Stores, Inc., both of whicn are controlled by National Food Prod- ucts Corporation, have been operated under cofoperative management, and Louis H. Windholz, president of Pen- der and chairman of the board of Southern Grocery, anticipates larger sales, and greater earnings irom both complnlec The two chain systems rate a total of approximately 800 u ores in Virginia, North Carolina, soun\ Carolina, Georgia and Alabama. e 0! 61,000 applicants for jobs as b: drivers in London recently, only nza were accepted. line and in recent years has shown as npid lmpmvemem as any implement Deerehlsllnlun\ed conservative methods, however, ipgs on the common stock di three years have averaged 1928 they touched $37.50, - With the over 1 per cent on the $6 di is probable, however, that the dividend will eventually be raised, the stock split up and larger ea wh. International Widely Diversified. m‘tfxm:unnu’mrvuter is the hrtut manufacturer of agricultural machi with plants and sales offices nl.l over very hase of the Tanufecturing Proc. arey of ‘mant volved in making implements, flom mining the iron ore to selling the finished product. Because it sells its wide line of equip- ment in evety important country:bad agricultural conditions in one section are g‘mmy &ls:tm:y good conditions in another, so thal comp.ny’- business is stabilized been increasing xtead\ly. The recent gyrations of both preumd and commnn stock are most confusing. The lent of the company has mud '.hnt.hml.u ‘no reason for the common to sell above ferred or anywhere near Not 2g0 he ascribed the fluctuations to “pool action g manipulation by interests unknown me. Since then both common and pre- ferred have advance over 30 points direct have been add- ed to the Advance Rumeley board. In two days last week the turnover of common and preferrel on the Stock Exchange was almost equal to the to- tal number of shares outstanding. In recent years earnings have rarely covered preferred dividends. Nutmng has been earned on the common. It is officially stated !hlt the future of the company hinges upon the success of the nnenl p\lé'gose tractor introduced last year. absence of informa- tion concerning the company’s outlook, the stocks are highly speculative. (Copyright, 1929.) Municipal Financing Drops. NEW YORK, May 7 (#)—State and municipal financing in April totaled nearly $81,000,000, st amount for that month since 1920 SHORT-TERM SECURITIES. (Reported by 3. & Allis-Chalmers Co. bs 882! e Dper Min. 6s Bafiimore & Ohlo 4%, 193 Batayian Pet Auqg 10ia. oL el of Cansda. s: Elirornia’ Corp. Canadian Wy, 4%t Canadian Nor Gne Ehtie Copper Co. g.a-nv ackin lur"l'"r L. al Pe 8 yesr T. & R rand Guit oil 'x P o ssy of s 1“3 193 235325530808y T E ] It’s Just as Easy to “Know” “Speculation” doesn't enter into the transaction when your money is invested in our 6% First Mortgage Notes. You know your principal is safe. You know your interest will be paid on specified dates. You know this strong com- pany guarantees both. Deseriptive booklet on request. | gl 923 15th St. N.W. While the current dividend of $2.50 | lelded only 2.1 per cent ln 1928, earn- fnls were $5.57. Thus the dividend was earned by a wide mnr[ln lnhr- national, too, has made lowances for contingencies and ruurch work Since_this company's stock was split it has become more popular with in- vestors and is selling on a somewhat higher basis in relation to that the stock of Case or Deere. the other hand, its have been steadier. Caterpillar’s Light Tractor. In January the Caterpillar Tractor Cctors Tor agricuitarss purpases, i actors for a addition to its regular heavy wum combines and road machinery. same time it expanded its duler or- ganization, with the result that sales ln the first quarter of this in- creased 56 per cent over last year. Net earnings in the same period increased more than 68 per cent, from 79 cents last yur w $1.36 during the first quar- ter of 192! Cnterpm-r has reduced prices on its roducts whenever sales volume and ? actory efficiency woulc permit, a policy which has proved very su The company’s rapid expansion has required such large sums of money that dividends have averaged only 35 per cent of ummfi Even the $3 rate, however, the yield is ls per cent at 85, and the stoc selling at 14 times last year's enmmn ‘This selling rice is lower than offered by the other f’ ding implement companies. Speculation in Advance Rumiely. Advance Rumely, having recently cleared up an oversupply of tractors, threshers and combines resulting from overproduction in 1926, has lately been making progress. The col mgln}' had a difficult tlme clearing up old stocks, but i First Mortgage Security CH $1,000 of Firs® National Bonds is se= cured by first mortgageson atleast $1,833.33 of real ess tate. Inaddition,each bond has behind it the full res sponsibility of The First ‘You may invest in $500 or $1,000denominations, with a choice of maturities from one to ten years. Aak toc_Cisoulas *EW® Marlow-Beech Corp 1732 Conn. Ave. Pot. 6167 We are pleased to announce that MR. A. A. DALY has become associated with us SAMUEL McCREERY & CO. Investment Bankers Members NEW YORK STOCK EXCHANGE PHILADELPHIA :STOCK EXCHANGE 815 Fifteenth Street Main 9064