Evening Star Newspaper, July 15, 1929, Page 12

12 %S T FINANCIAL, TR =Trey CURB ISSUES REACT IN PROFIT TAKING Market Sells Off After Active and Higher Opening. Utilities Drop. BY HARRY H. BECKER. Gpecial Dispatch to The Sta NEW YORK, July 15.—Less buoyancy was in evidence on the Curb Exchange today, without affecting the volume of transactions, which continued heavy and left the ticker behind almost from the outset. Reactionary tendencies appeared in many parts of the list, largely owing to realizing following last week's sharp ad- vances. From outward appearances the market seemed to be going through a technical adjustment incident to its re- cent rise, Opening Active. The opening was active and higher all around, especially in the utility di- vision. Several recently prominent mem- hers of the group made their best prices of the year and longer before experi- encing a setback. Among these were American Light & Traction, with a further climb of almost 10 points be- fore midday; Niagara Hudson Power, Nochester Central Power, Standard Power & Light and Middle West Utili- iles. Most of the others absorbed of- rings impressively and gave way only with *the utmost retuctance. Allied Power & Light, Saturday’s sensational performer, rallled to 100 for a gain of almost 5 points. Realizing was most effective for such ecent fast movers as Electric Investors, nited Gas ImprovemerY, Electric Shareholding preferred and American Superpower. The last naryd, which made its best price this year of 65 Sat- urday, was almost 4 poirss below this figure, The general market also presented a humber of cross currents. Both Cana- cian Marconi and Marconi Interna- tional enjoyed big openings and frac- tional gains, but lost ground in the sub- s~quent trading. Good support was ac- corded Cable & Radio Tube, influenced v unconfirmed reports of a merger in which it is being mentioned as the nu- cleus or dominating factor. Newmont Mining, United States Gyp- sum, Haygart Corporation, Standard Srands, Stone & Webster and Thermoid cisplayed independent strength in the seclalty division. There was a sharp spurt, too, in one or two of the high- priced stocks, notably Deere & Co., hile National Theater Supply and In- ternational Projector were dealt in ac- tively. These concerns are included in the new General Theaters Corporation combine. Oils Are Heavy. Oils turned heavy after initial steadi- ness. Gulf of Pennsylvania, Humble & Cosden_showed the largest reactions, while Cities Service held firm after es- tablishing a new high price for the year, above 41. Influenced by the strength of car- vler stocks on the big board, Pennroad Corporation, investment subsidiary of the Pennsylvania system, moved up substantially. There was a better tone 10 the aviation group. Motor stocks de- clined with kindred issues on the Stock Exchange. NEW YORK, July 15.—Following is a list of stocks and bonds traded in on the New York Curb Market today, with the volume of sales and prices up to and including the close of the market: INDUSTRIALS. Hign. a1l 813 Low. Close. 14% 13 8Ye Allied Aviation i Al & L. . 100 Allied P & L'ist pid 74% Allison Dr B 433 Amer Super P n. 1 Amer Sta Pub Serv A td... 9 nglo Chil Nitra 1Apex El Mig . 2 Arcturus Radio 2 Arizona Power . 306 Ark Natl Gas 175 Ark Nat Gas Al TArk Natl G cum ‘pid 20 Camppell 20 Can Marcont w ill 18 Capital Admin A" ':. 6 2 Capital Admin A pid 5 Caterpil Tract ..... B Sta El conv pf 14973 20 THE EVENING STAR, WASHINGTO ™ & BRIBVRLBRLISLLY, IS IEF Esae SFEE 18 North "Asm Auun Sec h"Am 187 North Bustern' Bow.. 1 YNOT Sta B A1 e 2 4 Northwest & i3 Een W ety ennro : 11 Beop Lt & Fow Cor & 2! Proct & Gamble {8 Brudential inv Ra 1 Pyren: 8 Rainbow Li 2 Raybestos. 3 Relian w Lum Reynolds Metal A Revnolds Metal B... Cent Power. TN 1Spanish & Gen B.. 12 Spanish & Gen rcis | orp. .. . 18tand Steel Spring.. cul . 13% 35% 12872 % 380 3% 1123 108 341 52 N, +D. 0, “MONDAY, JULY 15. 1929. '|STABILIZED FARM ~ PUBLISHER PAID 458 SRS o0pEER FE & & FEER SO S 3 £ ge2szss! 00! 2332823533338 ENEE o105 s m e Sua S e e B e R e G 98! 3223 eeg % k) sagEenesy 3% T ater rest Cot Mil est T & R 000333 H CEEE FEEEER 2 3 o E fal So55s vest Equity bs A '47 1 Col Met E C P 4% 6Minn P & a 18 Pitts Coal 65 “49 10 Pow Corp N ¥ 5125 '47 92 10 Rellance B & S 63 '44 99! 5 Rel Manage 55 '54 A 10134 65 '44 A 288333852228828! [ 1Wisc Cent 55 '30.... 98'2 Sales in POREIGN BONDS. thousands. 1 Bueros Aires 7s '52.. 10: Wain 65 ‘40 9 leo & Mor B Bogota 7s INDUSTRY 5 GOAL Federal Board Faces Gigantic Task, With Wheat Prob- lem First. BY JOHN F. SINCLAIR. Special Dispatch to The Btar. NEW YORK, July 15.—The new Federal Parm Board meets in Washing. ton today for the first time. It is not yet complete. There is still one vacancy —the wheat representative. The board has immediately available $150,000,000, with $350,000,000 later if it is needed. ‘The first job of the board probably will be wheat. The situation is far bet- ter than a month ago. Prices are jumping. Wheat advanced more than 5 cents a bushel last Saturday. The Canadian crop prospects are much less rable than a month back. The Ca- nadian estimate this year is only 60 per cent of last year's crop. Still the world has on hand and prospect. plenty of wheat. g The Texas crop is a bumper. The port of Galveston is humming with wheat shipments abroad, but wheat prospects in the Northwest are not so good. Still, it is doubtful if the foreign markets can absorb wheat any faster In 30 days, with the blast, where will the wheat go? What should be done with it? Store it? Where? Terminal elevators and coun- try elevators are already full. Where then? In box cars? Undoubtedly President Hoover Is thoroughly familiar with all facts re- garding wheat, as well as the other staple farm products. Mr. Hoover has never been a champlon of Government activity in private business. But this Federal Farm Board organ- izes today with the eyes of the Nation upon it. Will it succeed in stabilizing agriculture? It is a tremendous task. Everybody wishes it well in this new, untried fleld of Government activity. American-made motor cars cost from 50 to 100 per cent more outside the United States. A car selling for $1,000 in the United States sells in India for $1,564, in Germany for $1,598, in Brazil for $1,660, in Japan for $1,838, in Italy for $},942, in Australia for $1,978 and in Poland for $2,020. ‘The tariff in these countries makes the big difference. In India the tariff on a thousand-dollar car is $245. while the freight is $277. In Poland the tariff on the same car is $629 and the freight is $321. Says Col. Leonard P. Ayres of Clev land, who compiled these figures: “It seems astonishing that, despite such cost, the demand for our cars abroad should be increasing with the vigor and rapidity shown this yea p The colonel realizes thai America’s big job is to arrange a plan whereby payment for American cars and other goods sold abroad can be met. These debts will have to be paid in goods or services. There is not enough gold in the world to pay them. The alternative seems to be either that the United States become an importing na- tion of goods or services or that the debts be canceled or repudiated. There are rlm short cuts to interna- tional prosperity. American News- (Copsright, 1929. by North Ar o POE'S BOARD BILL Receipt of Famous Author for | discouragin $14 Loan Shows Ad- vance by Putnam. Special Dispatch to The Star. NEW YORK, July 15.—George Pal- mer Putnam, the 85-year-old president of G. P. Putnam’s Sons, book AIn.mlllh- ers, in sending to the Edgar Allen Poe Soclety a photographic copy of a re- ceipt given by Edgar A. Poe to Mr. Putnam’s father, has written to this national lterary organization an ex- lanatory letter from which the follow- ng lines are quoted: “The recelpt given in 1848 to my father by Poe for a loan (which was, of course, practically a gift) for $14, the amount covering two weeks' board, is in the library of my town house. Poe Wanted 1,500,000 Copies. “My father had published, in 1848, Poe's ‘Eureka,’ or the ‘SBecret of the Solar System.’ Poe had secured from week to week advances for $7, and later for $14, against proceeds that were to accrue to the authorship account from the sales of ‘Eureka.’ “Poe had suggested to my father that | he ought to print not less than 15.000,- 000 coples as the world was certainly waiting for the book. My father printed an impression, which he hoped might prove to be but a first impres- sion of 750 coplies, and at the end of the first year he had sold of these but 375 coples. “There were, therefore, no proceeds authorship account, and as a fact sales of the book were never suffi- clent to offset the cost of the printing. My father had evidently become some- what fatigued with the constant appli- cations for advance against ‘profit’ from the ‘Eureka, and in the receipt now in question Poe promises to ‘make no further applications’ at least in connection with this particular book.” Copy of Receipt. The receipt reads: Received of George P. Putnam "4’» money loaned, to be repaid out of lhe' proceeds of the copyright of my work | entitled Eureka, a prose poem; and I hereby engage, in case the sales of said work do not cover the expenses, ac- cording to the account rendered to said Putnam in January, 1849, to repay the said amount of $14, and I also engage not to ask or apply for any other loans or advances from said Putnam in any | way, and to wait until January, 1849, for the statement of account as abov before making any demand whatever. ‘erllhflemllr:o i ggglr A. Poe. ‘Witness, Mai u 1ew. « New Yurk‘:ylL Y. May 23, 1848. 2 Society Formed in 1920. Mrs. Alberta Gallatin Childe founded | the Edgar Allan Poe Society in Sep- tember, 1920, to advance the knowledge about and appreciation of Poe’s lfnrnryl creations. In addition to Mrs. Childe, who is president, some of the other officers are Boris_Brasol, Mrs. David R. Morris, Miss A. R. Pike, Fdvin Ogden Childe, Henry S. Sanders, Bentley Mul- ford and William Snyder. Members of its advisory board are Edwin Markham, Dr. Thomas Ollive Mabbott, Hunter College: Miss Helen Sard Hughes, Wellesley College: Dr. J Barrett Botsford, Brown University: FINANCTADE: OUTLOOK FOR LEATHER INDUSTRY IS HOPEFUL Special Dispatch to The Sta: NEW YORK, July 15.—Approximate- ly the same number of shoes will be made and sold in 1929 as in 1928, for about 345,000,000 pairs, according to authorities in the leather trade today. ‘This means that the outlook for the tanners and leather men is far from u g. It means that leather and leather produced during the year will approximate $2,000,000,000 in value. “Competent authorities whose busi- it 1s to a hand on the pulse of the leather industry say the conditions of its various branches as of July 1 are reasonable and the pr of the sec- ond six months of the year, which are generally the best in the leather indus- try, are hopeful.” ‘That is the way the situation was outlined today by one of the chief ex- ecutives of the American Leather Pro- ducers’ Assoclation. “This is important,” he continued, “to others as well as to those directly con- nected with the industry. People are more interested touay in financial heaith and sanity than ever before. An army of people whose names do not ap- pear as registered stockholders are part- | | ners in our industries.” o U. S. SAVINGS BANKS SHOW GAIN IN 1928 ESpectal Dispatch to The Star. PEORIA, IIl, July 15.—Savings banks | of the United States held $28,422,961,000 at the end of 1028, a gain of $2,327,059,- 000 in one year, and the number of de- | positors grew from 48,357,784 to 53,188,- 348, according to figures compiled for S. H. Altorfer, manufacturer, in con- nection with a study of factors affect- ing purchasing power. The gain in number of depositors, 5.2 per cent, was considerably above the estimated gain in Ppopulation for the same period. Building and loan assets at the end of 1927, the latest figures available, were $7,178,562,451, almost $1,000,000,000 above 1926. Life insurance in effect has doubled since 1920 and tripled since First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company; Inc. LOANS ’l On Improved Property i | i | 6% Interest No Commission Charges | ' \WEAVER BROQ | REALTORS I 809 15th Street N.W. { National 9486 Mortgage Loan Correspondent Metropolitan Life Insurance Company We Buy and Sell Liberty Bonds Treasury Notes 1917. The new policies sold in each of | the last four years are greater than the total in force in 1909. THE IDEAL INVESTMENT Standard Collateral Trusteed Common Stock Shares A _TRUSTEED O o yout interest to investigate. Standard Collateral Shares Corp. Frankiin 3783, Woeodward Blds. Equitable Co-Operative Bldg. Ass'n WALTER S. PRATT, Ji JOHN JOY EDSON, President Organized 1879 Assets ... $5,513,051.63 Surplus & Profits. Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street ecrelary 49th YEAR COMPLETED $1,601,704.98 A AT Subscription for the 97th Issue of Stock Being Received SAVE AS YOU EARN HE Equitable's plan of sys- tematic savings encourages | Edwin Liebfried, poct and author, 2nd | | Prof. . M, Parrott, of the English de- | partment, Princeton University. 2 {POLES HAVE DOUBTS | ON SHAW’S NEW PLAY! Literary and Political Leaders i Question the Propriety of “Apple | Cart,” a Recent Production. thrift in a manner that if con- sistently followed will eventual- Iy lead to financial independence. Start now while you have a steady income. Come in and let us explain about our systematic plan. 915 F St. N.W. TRADITIONS TUMBLE | AT BIG PARIS RACE Tallyhos No Longer Run Longchamps, and Women Dress in Black. Washington Stock Exchange SALES. Washington Gas 6s A—$300 at 10015, ¢ 101%. B &% Rose’135—$1.000 at 94, Capital Traction Co—10 at 95. Potomac Electric 6s pfd.—5 at 1111 at 11115, Potomae Blectric 51s pfd.—10 at 108. Merchants' Bank & Trust Co—322 at | 150. Merchants' Transfer & Storage—5 at i 117 National Mortgage & Investment pfd.— 400 at 47 Terminal Refg. & Warehouse Corp.—10 | at 50's. n 4 Mor BK Chile 6s '31 8§ Netherland 6s B '72. 1Nippon Elec 6'as '53 2 Rumania Inst 7s '39.. 84 25 Trans Am .. 11 Transcon Air DL 8Txi Cont Corp pl 1 Triplex Safe Gl Lid. 1> Tubl Art 8 B. 397 B g, 21 to] igiose Wright wi. . 22 60 Curuiss Wright A Wi 2 Curuis Wright war wi Carbon_pfd’ Chem pr pi Drydock ... s b—Plus 10, in { VALENTINO'S WIDOW DESIGNS OWN GOWNS |Rambova Is Head of New York Shop When Not Engaged in Theatrical Work. PARIS, (#).—Two more traditions 21l by the wayside at the Drags, dres- ziest horse race of the Paris calendar. ' First and worst, no “drags,” or tally- hos from which the race takes its name, wound their, way from the heart of Paris through the Bois de Boulogne to T.ongchamps. For years and years the tallyhos, bearing Paris’ prettiest and hest dressed feminine race fans, driven by the men most prominent in horse racing, have gone to the Drags. But this year motors replaced the careening norse-drawn coaches. Secondly, the smartest society women 1De For R C 32 Det Afreraft .. 1 Doehler Die € 1Donner Steel 7 Douglas_Arcraft 1 Draper Corp . 1Dresser Mfg A.. 1 Dubilier C & R 13 Duke Pow . 7 Durant Mot .. 2 Edison Bros Sirs. 10 Eisler Elec ... 260 El Bond & Sh'x ', 3El Bond & Sh ptd 610 El Bond & Sh rts. 29 El Invest Inc. 1El I inc vesi WARSAW (#).—George _Bernard Shaw's play “Apple Cart,” which had its world premiere here, was received by the Polish people with serious ques- | tion of its propriety, though it created much interest and was attended by the Jeading Polish literary and political | lights. !’rhe play deals with an imaginary conflict between the King of England | AFTER CALL. Real Etate & Mtg. & Guar. pld.—zsi at 7. Washington Rwy. & Elec. 45—$1,000 at | 8615, $1,000 nt 86. 4 Caplisal Traction 55—$500 at 99%: | 1,000 at 9915, 110!. Complete Investment and Brokerage Service ey s R oS REE E s, Potomac Elec. 53;s pfd.—3 at Georgetown Gas 55—$500 at 993, $1,000 at 100. - 1-ft the gay gowns and frills to the rrofessional mannequins and appeared in the kind of clothes they would wear In]rl lunch at Cairo’s or tea at the Baga- telle. Many of them were in black and those who weren't showed a conscious cstraint in their choice of small prints, zophisticated hats and a studied casual- aess that must be costly to be chic. WHEA?CLO‘SFS HIGHER. CHICAGO, July 15 (#).—News of Zrought-stricken crops burning up un- der 100-degree temperature in Canada trday rushed wheat prices aloft nearly 9c a bushel. The wild soaring of values was in addition to recent preceding steep gains, and whirled the market up »3 much as 43'5 cents above where the »dvance started June 1. Today’s trading in wheat was of a magnitude rarely rqualed except in war times, and the rise of prices swept other grain also rapidly upward. Closing _quotations on wheat were huoyant, 7% to 87 above Saturday's finish. Corn closed 3'; to 47: up, oats K 21; advance, and provisions unchanged to 20 down. WHEAT— uly L Feptember December CORN— September Dreember . OATS— July .. Saptember December September December . LARD— 11y eptemb Cctober RIBS— NEW YORK, July 15 (Special).— With Southern’ advices reporting ex- cellent progress for the growing cotton crop, the cotton market came under the heaviest selling pressure in some time today. Prices broke into new low territory for the year and ended at the bottom with a loss of a quarter of a cent on the day. Cotton range: NEW YORK, July 15 (Special).— t Re® Lo W el v an__withoul . Of‘l'r"(?,?¥ e“e. per 1.000 R M 30.00 (Quoted in dollars per million marks.) Hamburg 4)25 1919.... ... 35.00 4500 (Quoted_in dollars ) e 33233338388 Biis3381sss e 58! 6Em Pow Cor.. 37 1 Ens Pub Ser opi War 3 Fox Theaters A & Freshman_Chas Co. n Cable war. Elec Lid reg Fireprfg n. Iudust Alco n Laund i Real&Util Cor. n RI&Ut Cor pfd Har. 1 ne Corp ©:...] Helena Rubenstein: .. 24 Hiram Walk G & 1 Holt H ) 3 Intl Prod . 73 Intl Project n 1Intl Saf Raz 2 Int'l Shoe 63 Intl Super P 5 Intern Util B 34 Investors Equif 9 Irving Alr Chute 19 1tal’ Superpow A SRR BRI RR SRS NIEAS, Ba 2R Bl 4 Koister-Brandes ackawana N 4 1Libby McN & L n 7 Lily Tulip Cup . s arc ¢ Wire Lond 3 Marion Stearn Shov ==!=§==B== 2 a3 & 4, grgriensssutey, B gxaea FOEE £ FF FRER SRESSEE 5 = ¥= & FEEF a5 3 B uvatt. gflgfi._sz-!__s 3 ac e R B0 $gagg 2 L B aQ El E EE) Wi Whitenight Inc. 6 Winter B J.. 7 Zenith Radio 25 Zonite xd.. Sales in MINING STOCKS. hundreds. 25 Ariz_Globe C. 1 Chi 2 Utah Met: 3 Walker 3 Wendon Cop. Sales in INDEPENDENT OIL STOCKS. dreds. hungeefien on . 9 Colon 6 Columbia Synd Rovalty xd. EeSan anRt5 FelEE | Sales STANDARD OIL 1SS! AND {nunits. "MER SUBSIDIARIES—STOCKS. e T e P 23353528 PARIS (#).—The United States has at least one style creator of its own who doesn't give a whoop what Paris says or does. She is Natacha Rambova, the former Winifred Hudnut, who married Ru- dolph Valentino. She is in Paris di- recting the costuming and stage set- tings for the all-American opera, “The Light of St. Agnes.” When she is not working for the theater, Rambova is the head, heart and heels of a dress design shop in honor, she says, to design herself every model that is shown there. She tries to make every dress something differ- ent for she believes: “The day is past when every woman wants to look like every other woman. Now we want our clothes to express | ourselves.” LUMBERJACKS SEEK LOG ROLLING HONORS to Mects in Washington State in August. LONGVIEW, Wash. (#).—Woodsmen from every lumbering section of the United States will gather here for their champlonship “rolieo” August 9-10. The games of the old logging camps, I:fludu:l burtlli’ng. tree-topping - races of ‘The entire pro(nm will be given to the ways of the woodsmen, from the a | contests in which only they can com- pete to the carnival vaudeville acts which will be staged. A copy of Paul Bunyan's famous canyon is being built in the streets of of all lumberjgcks will hold forth with the blue ox and a vaudeville troupe of French-Canadian lumberjacks. PHILIPPINE CAVES YIELD BURIAL JARS MANILA (#).—Sclentists _exploring caves and old burial grounds in_ the Philippines have been puzzled. by hufi porcelain jars which they found some of the caves. Although skulls, thes jars lhlntmdo'xnh spirit world. The mystery was solved recently when one of the jars was unearthed Wash, the | Wash { Woodsmen From All Parts of U. S. A bones and_other relics indicated that | Gat Be Ter. RIg. & Wharves Corp.—25 at 501, Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & . Te Am. Tel. Anacostia Ans. & Fo New York. She makes it a point of | G MISCELLANEOUS. Barber & Ross, Inc . 6 .-Vanbit i Chestnut Farms D Chevy Chase Club 53s. . D. C. Paper Mig 65 NATIONAL BANK. National Capital Columbla Lincoln National Riggs ond '’ Natfonal Bank of ‘Washingto ‘TRUST COMPANY. American Security & Trust Co. Continental Trust Merchants’ Bank Commerce & Savingi East Washington. Longview and here the “beloved liar” |Pot American Corcoran Firemen's . National Union. Columbia Title. %fi'fi'em o ine "&"b: Md. " com Wash Cons. Title ofd........ MISCELLANEOUS. Barber & Ross. Inc.. com. Cha ir: pt zEEs =8 A 55 Wml‘l 'fl" Corp. o Jhh Miige, com.. WM'u:flt throp pfd. ienna Music Authority Dies. ' VIENNA, ) and Parliament in 1962 when America | | offers to give up its independence and | become a dominion of the British Em- | pire. The King understands that thlsi would mean that England would hel swallowed immediately by the newer | country. | ‘The King decides to abdicate and run for a seat in Parliament, but the prime minister withdraws a demand that the King resign the right of veto, rather than see him as a com- petitor in the House of Commons. Shaw was not present at the pr miere. He is reported to have se- lected Warsaw for the opening he-i cause of interest here in things political. MILLERAND SOUNDS WARNING OF NEW WAR Statement That German Menace Threatens Peace. | By the Associated Pres: ALENCON, France—"Stand up, you dead! And tell the living Frenchman of the nmew peril that menaces,” ex-; claimed Alexander Millerand, ex-Presi- dent of France, as he climaxed a warn- ing of a new war with Germany. He gave this in an address at the dedica- tion of a molll'xlumem to "}Il! war dead of Perrou, a Vi near here. Perrou is nrn‘e‘::l those villages of old men, children and women, where near- 1y all the young men were killed in the war. “How the voice of Foch would have denounéed the new pretensions of Germany,” said M. Millerand. “In spite of his protests we have seen all guar-| anties of peace swept away. The Rhineland has not become the inde- pendent buffer state needed between the two countries. And now the re- sponsible voices of Germany have be- | gun to preach openly the abrogation of those treaties which were Yo have kept hear yous voice of victory.” TWO-HOUR LUNCHEONS LOSE FAVOR IN PARIS French Menus Are Cut in Half Since War—Intelligence Given past. comparison of the menu put out %d“rm.ndmmbfllr-o; u%,m-nun of dishes B ety s e PR T A Climaxes Dedication Address With Copy of our “Fortnightly Review” furnished om request G. M.-P. MURPHY & CoO. Members New York Stock Exchange 1508 H Street Connecticut at K WASHINGTON Telephone National 9600 New York Philadelphia Richmond London Private Wires and Telephones to New York Will you invest in hope—or fact? When your securities mature in July, will you place them in fluc- tuating stocks—and then watch the market like a hawk— Or invest them in a sound, unfail- ing security, and sit back with confidence to enjoy a steady in- come? In changing conditions Notes Swartzell, Rheem & Hensey Com- pany have never fluctuated an iota. Their unfailing 6% paid in two annual installments, Mortgage has given a through good years and bad, to hundreds of investors. sixty years of constantly | e e T S Y e St S R T & R the First sold through yield, steady income, You may make reservations now to invest your July re-investment funds in these Notes. They are sold in denominations as low as $100. - SWARTZELL, RHEEM & HENSEY CO MORIAGE BANKERS 727 15 STREET N.Wo/ WASHINGTON D.C.