Evening Star Newspaper, June 11, 1929, Page 13

CURE SHARES MOVE N NAROW RANGE Market Drifts Irregularly, With Transactions on Very Small Scale. BY HARRY H. BECKER. Speeial Dispatch to The Star. ? NEW YORK, June 11—With trans- | sclions on the smallest scale s0' far this yedr, curb stocks simply drifted without & definite tendency today. « Although 10sges, prevailed in a majority, of issues, there was no real weakness and the selling was largely professional. tility stocks displayed softness with sothe of the recent favorites suffering mare from an absence of demand than from any news developments. One or twd were firm at the.gpening, but gave wa’ later. H Declines. Are Noled. Electric Bond & Share before midday | fell back to 100. At that price it was doyn 2': points ne Declines were gréater, however, in E c . Investors, | American_Super Power “B,’ Buffalo, 'Niggara & Eastern, and Middle W Utllittes. Commonealth ern was particularly ing to the lowest lev n listing After opening modera higher, | Southeastern Power fell back under | realizing. United Ga Improvement; Mohawk Hudson Power, Conifal States Electric and Northe: n Power e developed into se of a num=~{ ber of miscellaneous industrials before | midday. Much of the unseitlement was | caused by disturbing in a few| issues, which were being pushed up ag- gressiveiy by the Checker Cab gave ground and at one time was off nea b Tallying. Grigsby. further despite reports pany is planning to organize an English comany to acquire foreign rights to Ma- Jestic "Patents in Europe, Asia~ and Africa, Among the few strong exceptions were Roan Antelope, Aluminum Corporation, Vanadium Alloys and St. Regis Paper. Very little activity was witnessed in the aviation, autemobile and mining divi- sjons. Specialty Breaks. Great Atlantic & Pacific common, among the high-priced _specialties, broke 14 points. Pennroad made a new low, with a 10,000-share block taken at the extreme bottom. Cable & Radio Tube also sold at the lowest so far. Oils sagged in sympathy with the Test of tHe market on profit-taking, due to Lhelrdlsagpoxmmg response to the expectation ©f constructive measures as a result of the Colorado Springs con- ference. Transcontinental Oil preferred, however, moved ahead into new high ground following publicaton of the plan for retirement of the issue and the divi- dend arrears. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., June 11.—Po- tatoes, white, 100 pounds, 1.00a1.40; new potatoes, barrel, 2.50a5.00; sweet potatoes, bushel, 1.25a2.25; yams, bushel, 50a2.00; asparagus, dozen, 75a3.00; 00a5.00; beans, bushel, ; cabbage, hamper, 50a74; 100, 2.00a4.00; celery, crate, corn, bushel, 2.25a2.50; cu- bushel, 1.00a2.50; eggplants, ; kale, bushel, 15a25; 1 bushel, 25a65; lima beans, bushel, 2.50a3.50; onions, crete, 1.40a 1.75; Spring onions, 100, 1.00a1.25; radishes, 100, 1.50a2.00; squash, crate, 1.00a2.00; spinach, bushel,: 20a60; to- ‘matoes, crate, 1.50a3.50; apples, bushel, 1.2523.00; blackberries, quart, 10al5; cherries, pound, 6al18; grapefruit, box, 1.50a3.50; oranges, box, 2.00a3.50; strawberries, quart, 7al5; watermelons, 35a75. Dairy Market. Butter—Good to fancy creamery, | pound, 42ad5%5; prints, 46a47; blocks, 45a46; ladles, 35; store packed, 30; rolls, 33a35; dairy prints, 33a34; process butter, 38239. Pouitry, alive —Spring_ chickens, pound, 30a43; Leghorns, 26a34; poor and thin, 25a28; old hens, 30a3!; Leghorns, 27a29; old roosters, 16a20; ducks, 20a25; s, each, 50a1.10; pigwons, pts, 709 cases: native and negrby firsts, dozen, 30a30!3; curren r:gip{x 28a29; small, undersized, 24. { Hay and Grain Markets. Wheat—No. 2 red Winter, sg‘arlicky spot, 1.00',; May delivery, 1.09%. m—No, 2 export, May delivery, no tations; No. 2 yellow, domestic, spot, a%.08; cob corn, 5.25a5.50. ts—No. 2 white, domestic, spot, 55a No. 3 white, domestic, spot, 53a54. While hay s | ving here in limited quantities only, ‘more than enough for the demand, ch is being supplied mostly by truck nearby points, a few carloads be- | received. There is not enough busi- passing to establish prices on the | ous kinds on merit at a range of | 041600 per ton for timothy or| et hay. 1 Aw—No. 1 wheat, 12.00a12.50 per | ; No. 1 oat, 12.50a13.00. | Live Stock Market. Cattle—Receipts, 100 head; light sup- ply, market steady. Steers, choice, 13.50a14.00; good, 13.00a13.50; medium, 12.00a12.75; commoen, 10.00a1i.50, Heif- ers, choice, 11.50a12.50; good, 10.25a 11.00; medium, 9.00a10.00; common, 7.15a8.75. Bulls, good to choice, stable, 100a10.75; fair to good. 9.25a10.00; mon to medium, 8.0049.00. Cows, good to choice, 9.50a10.50; fair to good, 8.0029.25; common to medium, 5.00a | 1.75. Sheep and lambs—Receipts, 500 head; fair supply, market steady. Sheep, 2.00 27.00; Spring lambs, 12.00a16.50. Hogs—Receipts, 300 head; light sup- ply, market steady. Lights, 11.85; beavies, 12.00; roughs, 7.50a10.30; light pigs, 10.75; pigs, 11.60; trucked hogs, 15 to 30 lower than quotations. Calves—Recelpts, 50 head; light sup- ply, market steady. Calves, 5.00215.00; extras, 15.50. ‘COMMERCIAL CREDIT. New Issue Will Be Used to Retire JPreferred StocK. Discussing proposal of Commercial Credit Co. to create an issue of class A convertible stock and to increase the authorized common, A. E. Duncan, chairman, said that directors desire to held | Sales in aundreds. 97 Acoustic Prod 1Aero In 1Aero Sip fr A 4Aero Sup Mf Bn 8Agfa Ansco . w 5 Amer Superp A £33 Amer Superp @i, 5 Amer Superp B. ... 4 Amer Superp pid. .. Amer,_Super 1 pfd rts fagid. 5 pid 126% 25 Cent Sta El conv pfd 186 1Cent Sta El ptd ww 81% 1Chain Store Stock.. 30 8 Check Cab Mfi 69 103 . 285 97% 7°d 28 ol G E rte 41 1 Columbia ~ Pictiires. . 13 Columbus El Po 24, 2993 Commonw *Sou 1 Cons Auto Mé 1 Consol Dairy P, i S 2 Cont'l Dismond i 1 Cooper Bessem pfd 15 C 4 Curtiss Lt.. 1 Davis Drug ailot ctie 6 Dayton _Ajrplane. or R C.. M 2 & Pairentld 11 Fairchild, Aviat A rts Fajardo Sug Co..... 1 Ferro_En: 4 Plat Stk Gen Elec Co Ger. Indus_Alcoh vtc R %ot Gor en R & Ut Cor pfd 92 K A s iobe Under Exg... 28 e e ot B AldenpOonl;: 2 Hygrade P 2 Indust Finance ctf NA.. 11nt 7 15 Intl Project 1 2Int Baf Raz B.. 3 Intern UUl Al 18 Intern Util B i, Intern Util pid 3 Irving Air Chuil oews_War... . 15 Long Tsl Lt pf 3 Louistana Land & 33 MncMarr Stores farc Wire Lo 20 Mavis _Bottling. 9 Mayflower ASsn 1 Mead Johnson 1 Memphis Natl Gas 1 Mercantile 8t . 9 Merritt Chap & 8. be able, at an opportune time, to use the greater portion of the new stocks for the purpose of retiring all or a sub- stantial portion of the various outstand- ing issues of preferred stock of the pany and its affiliated companies, mf tgrvugh an equitable offer of ex- ehange or through redemption. Commercial Credit Co., he said, is ex- ncing its largest and most satis- lactory year. ‘Banana Cargoes Arrive. BALTIMORE, June 11 (Special).— of bananas came into yesterda) a moment when the Ak St o omicial of ih three - to of o im- porting ‘concerns here, the frult is of especially high quality as a result of re- cent rs{nlwrms in Cuba and other | banana-growing countries. For some these areas have been unusual arri oot v Ererasass mer Bri Calif Newberry e THE EVENING STAR, WASHINGTON, D. NEW YORK CURB MARKE rd M n. 1) elee Tran: 2415 2472 C Penney & Co tts. 210 205 3 C Penney ptd.. 98: 2Penn G & El Pyrene MIg. . 2 Rainbéw Lum P A" 1 Rellance Brass & 8t 4 Repetti Candy. ... 1 Reynolds Metal.. 1Rich Rad..........00 1 Roch Cent’ Power.. . § Rookiand 1, & P 1 Lock R t Industries lect ind Ine pf.... nicy Safoty control 18 ntry Saf Control ur 1 v Elvic. .. 1 orsky Aviation ca Gel ctfs. ith Co (AO) 0E ... P& L e P & L war E A of 20% 9: =338 2g0l S5 EZ RE82.2. n & Co . 1 Sterchi_Bros Stores 3 Sterl Secur pf allot 1) Sterl Secur A wi 2 Sterl Secur pf wi 38tinnes Huzo 2 Stromb Carls Tei . Stutz Mot . 2558 id_pfd Fig Thomps Starreit pid. Tishman Realty & C Tob Prod Export .... Trans Am ... 138% 8 Transcon Air Trs LuxDLPSA 1 - 2 1 3 Fri 2 1 2 3 7 m LA 3 Union Am Invesiin: . n_Stores pfd ‘wi. Asbestos. ) ni 2 os? =2 9 For Sec. . Preight of Del aPngang 2Wh 2 Whitenight Ine. 1 Winion” Corp. 3 Wineses 13 Zenith ales in hundreds. 3 Eng Gold M 41 Falcon Lead Min. 5 Gold Coin. ... € Golden Center M. dfid _Con: =8 eeESiuZuSsuSe! & PSS SRS *F INDEPENDENT OIL STOCKS. In hundreds. o S G2 Benes S TR e ] o, ks 1 1 Veneruelan Pet. Woodley Pet 5% 8Y STANDARD Gl ISSUES AND FOR- in units. BUBSIDIARIES—STOCI o 3 3 1] WERRE S AptIg RS & 0L 388! o 22822233832 29232 Res: 5353 S FEEEE G sseeszeseey PGS ot rE EFEF 383828832 RR S & WS SRRE Recelved by Private Wise Direst 8o The Star Offies Lt 6s '45. ... 104% B Louls Pow & Lt 55 '57 903 9 Manit Pow 5ias A '51 99} 15 Ohio Pow 85 '52 B 5 Ohio Riv Ed 2 Southw G&E 55 A '57 92 5South P & L 65 A 2022 101 1 Southw Da Pr 613s '38 94 Stand P & L 63 '57... 96 12 Sun Maid Ra 8'4s '43 66 3Sun Ol 5%s '39...... P&LBs'So ... an Camp Pack 65 ‘68 84 5 Westv Chlor 5%s '37101 ° 1 55 Western P 5%as A '57 1347 Sales in thousands. FOREIGN BONDS. 9.. 91% < 13 Berlin C E 6%s 4 Fin_ Res 13 Pree St Prus 6 '52.. 9 Free 8t Pru 6lus '5i 9 in 6s s AC ‘63 88 ita M B 7s '57 78'2 Y 88's ew. ww—With warrants. Markets at a Glance NEW YORK, June 11 (#).—Stocks irregular; Commercial Solvents touches new high at 410. Bonds steady; high- grade rails improve. Curb {irregular; ‘Transcontinental Oll at new high. For- eign exchanges irregular; sterling cables at lowest level since February. Cotton quiet and featureless. Sugar easy; pPoor | market. C., TUESDAY JUNE_ 11, 1929, ° WHEAT CLOSES HIGHER. CHICAGO, June 11 (#).—Compara- tive restoration of assurance that the farm rclief bill, minus debentures, would win out in the Senate did much to.turn wheat values upgrade today. Especially in the late dealings wheat prices advanced, showing about 4 cents rise from an early break. Apparent incufficiency of moisture supplies in Canada, together with predictions of continued liveral demand from import- ing countries, were further influences tending to lift wheat values here. £ ‘Wheat closed unsettled 115 to 2% above yesterday's finish, corn 3 to 3% up. oats ' to 33a3; advance, and pro- visions vacying from 2 decline to a rise of 35. WHEAT— g July X Beptember Deccmber CORI Dy Beptember Decerer July & Beptember er Ju Beptembe: December LARD— July ... Beptember October RIBS— September . COTTON PRICES STE | NEW YORK, June 11 (Special).— Undcr the influénce of the best weatker of the past six weeks, cotton prices heid within narrow limits today, and { after a smail-volume business had been transacted the list ended virtually un- | chunged for today. Spot was un- changed al 18.20. Cotton rengs: July October December January March May .. New Securities By the Associated Press. NEW YORK, June 11—New securi- tles offered today include; $6,500,000 Federal Water Service Cor- poration’ convertible 51, per cent gold debentures, Gue 1954, priced at 99 to yleld 5.55 per cent. $1,600,000 Texas-Loulsiana Power Co. first mortgage 6 per cent gold bonds, series A, due January 1, 1946, priced at 9715, to yield 6.25 per cent. $500,000 Ohio Kentucky Gas Co. three-year convertible 7 per cent Se- cured gold notes. OWNING TWO HOUNDS HELD INVITING CALAMITY Man Convicted of Stealing Animals Wins Only Sympathy in Appeal From Year Sentence. By the Associated Press. OKLAHOMA CITY, June 11,—Owner- ship of one hound is a lability, but owning two hounds is inviting calamity, Judge Thomas A. Edwards of the Okla- homa Criminal Court of Appeals sald Saturday in an opinion. While the decision expressed sym- athy for Bill Wilson, Cotton County, convicted of grand larceny for stealing two hounds valued at $75, it affirmed the lower court'’s judgment and gave Bill one year in p tive of Arkansas and knowing his A rison. L e i e el N }_n‘“’rhe writer of this opinion being & CHICAGO, June 11 (#).— Whest strong; good export demand. Corn firm; - forecast unfavorable weather. Cattle strong to higher. Hogs steady to lower. $14,000,000 INVOLVED | IN BALTIMORE DEAL By the Assoclated Press. BALTIMORE, June 11.—The Balti- more Evening Sun today published a report that the Canton Co., owner and developer for the last century of the largest waterfront tract in the neighbor- hood of Baltimore, had been sold to New York banking interests. It was indi- cated more than $14,009,000 was in- volved in the transaction. The report said a trust company in New York appeared as principal in the transaction, but declined to name the actual buyer. In this connection it was said the Pennsylvania Railroad, the Baltimore & Ohio and the Pittsburgh & West Virginia, which would be one of the main units in & proposed fifth trunk line system, had all desired to obtain control of the Canton Co. ‘The company, according to recent manuals, owns 2% miles of waterfront, 1,700 acres of land, piers, warehouses and the Canton Raflroad, which serves industries on the Canton tract. Peter r, New York capitalist, was one of those first associated with the project for devéloping this territory in 1928, but later sold his interest to Amos Binney and Edmund Monrow of Boston, who formed the Canton Co. s e Skt $5,000,000 PENSION FUND. Postal Telegraph Plans Like That of International Phone. An Initial fund of $5,000,000 has been set aside by the Postal Telegraph-Cahle Co. for administration of a new pensian and benefit plan, involving about 20,000 employes, to go into effect July 1. The plan is designed after that of the In- ternational Telephone & Telegraph Co: poration, with which the Postal is a filiated. “The $5,000,000 is just a be- ing and the fund will be increased m time to time,” Clarence H. Mackay, president of the Postal Co., sald. Under the new plan male employes of Postal may be retired after they have reached the age of 60, while women employes may be pensioned ‘when they are 55. MEDAL GIVEN TO KING. ROME, June 11 (#).—King Victor Emmanuel today granted an audience to Senator Mosconi, Italian minister of finances, who presented his majesty with one of the medals coined by the Italian mint to commemorate concilia- tion oé. church and state by the Lateran accords. One side of the medal bears the reliefs of the Pope and the King and the reverse shows the Lateran palace. Only four of these medals were struck and the mould then destroyed. The four ot frsa, 3014; $orage were destined for the Pope and the King, and their plenipotentiaries, Cardi- nal Gasparri and Premier Mussolini. POTATO MARKET STEADY. CHICAGO, June 11 (® (U. 8. De- partment of Agriculture) —Potatoes— Recelpts, 74 cars, new;68 old; on track, 207 cars, new; 115 old; total U, 8. ship- ments, 530 cars; new stock trading rather slow, market barely stead: Southern sacked, Bliss Triumphs, 3.0¢ 8.35; North Carolina, barrel, Irish Cob- blers, 3.90a4.25; few fancy, 4.50; old stock trading slow, market steady; Wis- consin sacked, round whites, 1,00a1.10, CHICAGO DAIRY MARKET. CHICAGO, June 11 Alive, ; Tecelpts, 3 cars; fowls, 28a29; , 40; ers, 34a3( roosters, 20; turkeys, 32a30; ducks, 2 Spring_ducks, 28; geese, 15; Spring geese, 25, Butter—Unchanged; Teceipts, 22,082 tubs. receipts, 33,640 cases; :*nn:“ 20829 ; or- packed extras, 31, b P —Poultry— | Buss hound dogs,” said Judge Edwards, “ap- proached the record with the dogmatic opinion that as an article of commerce, so0 far as paying dividends is concerned, the ownership of a hound dog is a dis- tinct Mability and. not an asset, and that owning two hound dogs is inviting cll.ml!;. “In these degenerate days the hound dog, like the poodle and the Pekingese, has become & luxury and not a neces- sity.” MONEY MARKET. NEW YORK, June 11 () .—Call money firmer; 8 per cent all day. Time loans firmer; 30 days, 812; 60-90 days, 8Y2; 4-6 months, 8%;. Prime commer- cial paper, 6; bankers’ acceptances un- changed. . New Stoci; Issue. NEW YORK, June 11.—The General Gas & Electric Corporation, a sub- sidiary of the Assoclated Gas & Elec- tric Corporation, will soon offer a new issue of $25,000,000 $6 cumulative pre- ferred stock. The stock will be con- vertible into class A common stock. CHICAGO LIVE STOCK MARKET CHICAGO, June 11 (#) (United States Department of Agriculture) — Hogs—Recelpts, 20,000 head, including 2,000 direct. - Market uneven, steady to 10 lower on hogs scaling under 240 pounds; heavier weights steady to 10 higher; top, 11.20, paid for a load of around 200-pound weights. Butchers, medium to choice, 250-300 pounds, 10.35a10.90; 200-250 pounds, 10.50a 11.20; 160-200 pounds, 10.40a11.25; 130. 160 pounds, 10.15a11.15. Packing sows, 9.10a9.90. Pigs, medium to choice, 90- 130 pounds, 9.50a11.00. Cattle—Receipts, 6,000 head. Calves— Recelpts, 3,000; less active market, but generally strong to higher; killing qual- ity considered she stock very scarce; best steers, 16.20; no stockers and feed- ers run. Slaughter classes, steers, good and choice, 1,300-1,500 pounds, 14.00a15.40; 1,100-1,300 pounds, 14.00a 15.40;. 950-1,100 pounds, 14.00a15.40; common and medium, 850 pounds up, 11.25a14.25; fed yearlings, good and choice, 1750-950 pounds, 13.75a15.25; heifers, and choice, 850 pounds down, 13.25a15.00; common and me- dium, 9.50a13.25; cows, good and ehoice, 9.85a12.50; common and medium, 8.25a 9.85; low cutter and cutter, 6.50a8.25; bulls, good and choice (beef), 10.50a 11.50; cutter to medium, 8.00210.58; vealers (milk fed), good and choice, 13.51a15.75; medium, 10.50a13.50; cull and common, 8.00a10.50; stocker and feeder steers, and choice (all weights), 12.25a13.25; common and me- dium, 9.75812.25. 8 Sheep—Receipts, 9,000 head; steady; bulk lambs, 16.00a16.25; top, 16.50; yearlings, 11.50a12.25; fat ewes, 6.00a 8:50; top, 7.00; no feeders sold. Lambs, good and choice, 92 pounds down, 15.75 216.75; medium, 14.50a15.75; cull and common, 12.25a14.50. Ewes, medium to choice, 150 pounds down, 5.75a7.00; cull and common, 2.50a5.75; feeder lambs, good and choice, 12.50a13.50. Kellogg Gets Honorary Degree. CANTON, N. Y., June 11 (#).—Frank B. Kellogg, former Secretary of State, was given an honorary degree of of laws at St. Lawrence University ————e GERMAN BONDS AND STOCKS. NEW YORK, June 11 (Special) — Bid. As Ger Govt Red Loan with dra attached per 100 R M. a* Loan with German Gen Blect 45s German Gen Eiect 4128 1t .... 553 in doligis Ber 0 | of copper, whereas total known produc- Washington Ticker By the Associated Press. In the opinion of experts, copper producers are likely to enjoy almost in- definite continuation of the present strong demand for their product. In addition, the American mine operations in Arizona, Utah, Montana and Michi. gap, on which national predominance in>the copper fleld rests, are likely to remain most valuable resources, even though Africa and Canada will become of increasing importance in world cop- per supply. These conclusions are drawn by Gov- estounding rate- of increase in consumption of copper and the con- tinuous progress of an electric age. C. E. Julihn, Bureau of Mines specialist on copper, has worked out a set of fig- |in the world's copper output as having taken place in every decade during the century ending in 1920. If demand con- tinues to take that course—and there is plenty of evidence at hand that it is rising faster now than.it was in the century studied—the world will very shortly demand 3,000,000 tons annually {tion in 1928 was under 2,000,000 tons. “Yet we can legitimately expect the increase in demand to continue,” Mr. Julihn declared. “The heaviest con- sumption is now in wire bars, which means that the metal's utility in elec- trical conduction is the cause of the growing requirement for it. American | | electrical installation is far from being | complete. Electrification in Europe, in| South America and other parts of the world is just beginning. “Of course, known resources of copper ore are not sufficient now to sustain a demand growing like this, though it is probable that as the price responds very | large reserves of low grade ore in Ari- zona, Utah and other copper territory will be made profitable ehough for ex- ploitation. It is quite apparent that the Belgian Kongo and Rhodesia in Africa have very great supplies, but the metal output from them cannot begin to as- sume great size for three years, and by that time theg will be sel need for | them. Though the African and Ca- | radian producers are having the full advantage of American technology in | developing, the difficulty of training la- | bor, particularly in Africa, slows up progress. | “For the immediate future the Ameri- | can mines and the South American | properties controlled by American en- | terprises will not be threatened, and when the New World output does ap- pear American copper territory will, nevertheless, be kept in all probability in henvteré)roductlon than has yet been experienced.” Though Willlam G. MecAdoo, who happened to be a week-end visitor wl Washington, confesses that Federal Reserve Bank policy has an_absorbing interest for him, in view of the pioneer establishment of the system under his administration as Treasury Secretal he expertly fends off queries ¢imed eliciting his opinion on the system's policy in the recent credit controversy. He refused even to say that a Treasury Secretary, voting on ‘the board, could have permanent influence on fixing re- discount rates. 4 “That would depend on the Secretary and on the rd, now, wouldn't #t?" he parried oné questioner. ‘“Naturally I've noted the general course of credit administration ng recent weeks with a great deal of interest, but I'm not going to say anything about it unless ——— Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford - Representing Mutual Benefit Life fns. Co. 1520 K Street Main 475 'vntty good opportunity developing in, ernment techniclans from the almost | M:¢ world ures that show a 53 per cent_ increase | MaT FINANCIAL. opportunity is given to prepare com- ment pretty carefully. Nearly all European hog-producing territory has shown up a lo‘:ver than normal output for 1929, the Commerce ent is advised, and there is a consequence for marketing of American | pork . Frank Messenger, as-| sistant trade commissioner at London; relays estimates that Poland and Hel- land are 25 per cent short of norm supply, while Latvia, Esthonia and Lithuania are 50 per cent short. 1l “The_ trade opinion prevalent in Great Britain is that not only bacor but other hog products will command a roughout this year,” the e s have .an advantage Credit stringency, rted as the controlling factor over Brazilian busi- | ness for geveral months, is now regarded | as possibly alleviating. Carlton Jack- son, American commercial attache at Rio de Janeiro, noted in his latest com« munication to the home Government that, though 60 business failures were | noted in the country in one week, gen- | eral hopes for improvement were being entertained. | e g et 1 Public elementary schools of England now have the services bf: 7,500 doctors, dentists and nurses. % | Mortgage Loans STORY & CO. 812 17th'St. Met. 4100 ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St & La. Ave. N.W. 62nd Issue of Stock Now Open 4 for Subscription Money Loaned to Members on Easy Monthly Payments James E. Connel ; Breen oy damee B Secured Jplri:;_—!.‘ ‘:fi‘er 1529 14th S ar i - & Monzy to Loan - rst deed of trust on real estate. “Conveniently Located on 1ith Street® St. NW. Dee. 3320 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 Capital, $1,000,000.00 Capital and Surplus $3.500,000.00 Go Away. This Vacation National Savings & '!'rust Co. Old avings Institution in the District of Columbia 63d Years Cor. 15th and N. Y. Ave. B —absolutely care-free as far as the safety of your important papers is con- cerned. 1 Before you leave, rent a SAFE DEPOSIT Box for your Deeds, Stock Cer- tificates, Bonds, your Will, etc. The cost is nominal, as' you'll find out on in- quiry of Our Safe Deposit © 6% First“ Mortgages For Sale JAMES F. SHEA 643 Louisiana Ave. N.W. Consult Us First " If you need money for our Real Estate financing et us have your application today. Prompt Service No Appraisal Fee The Commercial National Company raia wp CashCasiial. s00.000 ‘ommereial National Bank Blds. E 14in'and @ The Commercial National Bank Pays interest on DAILY BAL. ANCES on Savings Accounts. Interests starts from DAY of deposit and earned to DAY of withdrawal Come in and let us explain. Resources Over $19,000,000. 14th & G Streets R. GOLDEN DONALDSON, President LOANS Let us have your applications ‘LOANS ON REAL ESTATE Immediate Action Courteous Treatment Our record of 35 years speaks for itself. Percy H. Russell Co. 1731 K St. N.W. ComrLeTE FINANCING Ist & 2d TRUST MONEY On homes, apartment buildings and busi properties. No appraisal fee. Prompt service. Real Estate Mortgage - & Guaranty Corp. - THE DISTRICT OF Periods of 3, 5 or No Apprais John Hancock Mutual L 1417 K Bt Real Estate ,Loansg We Invite Applications For FIRST TRUST LOANS on Improved property IN NEARBY MONTGOMERY CO. AND AT 5*% INTEREST (Minimum Commission) Or, if You Prefer The Trust May Be !lah to Bear Interest at 69, to Include Commission FURTHER DETAILS ON REQUEST BOSSE=MELPS Loan Correspondent COLUMBIA 10 Years al Fee ife Insurance Co. Safeguarding Your Investments THE successful investor of today, with a careful and expert checking of his list from time to time, realizes that bonds can bring a high yield. Frequently exchangesare pos- sible, due to changed market conditions, by which you can increase your total yield, and improve your investment position. Often, the transaction involves a worthwhile profit. Close scrutiny, by this organization, of the in- wvestments of its clients, often results in the ‘bettering of their financial status. Safeguarding the investments of clients, by means of a contin- uous, careful check of their securities, is one of the most important features of the Iglehart Or- ganization. May we have a representative call? J-A . Iglehart & Co. Thvestment Banhers 719 15th ST, N.W. - WASHINGTON, D. C. Baltimore, Md. MEMBERS Clarksburg, W. Va. BALTIMORE STOCK Wilkes-Barre, Pa. EXCHANGE Wilmington, Del. || assoctare mems cuns -1 Richmond, Va. sens | Charleston, W. Va.