Evening Star Newspaper, November 27, 1929, Page 13

FINANCIAL, BONDLIST IS QUIET AFTER EARLY GAIN Market Is Irregular—High- Grade Rails and Indus- trials Featured. Special Dispatch to The Star. NEW YORK, November 27.—After a strong opening under a fair volume of trading, the bond market today quiéted down and some Ddrofit-taking resulted in frregularity through the list. Since the low average fo: the year on domestic bonds was reached No- vember 14 there has been a steady aa- vance amounting in all to an average of more than 3 points. This has maae traders in bonds more cautious, so that they are today inclined to take small profits rather than let their profits run. ‘There is & good demand from out- of-town banks, estates and finance cor- Boflflm'll for first and second grade issues, with requirements mnewneu between a 4.80 and 5.20 basis. A lib- eral amount of new issues is looked for toward the end of the year and in January, which makes dealers hesitant :::\n. loading up with outstanding 1ds. This trend was discernible today, to- gether with a reluctance of buyers to| earry commitments over the long holi- “‘I‘hfln ‘were, however, few wide move- ments. The high-grade rail and indus- trial tions confined their fluctua- tions wil & point and gains about offset the Government bonds were quiet. of the Seaboard Air Line ad- vanced a little with the announcement that 1,892,630 shares of common are to ered to the road's security holders at $12 per share, as one of the final steps of the readjustment scheme. Interborough Rapid Transit 6s fea- tured the tractions with a gain of 57, its. International Merchant uume were down 115 points since their last sale. Small gains were made by Chile mgper §s, Mudson Coal 55 and Inter- nmational Paper 5s. Rubber bonds were Most foreign dollar bonds were off fractionally, but there were enough ex- esptions to balance the list. de L,m:..'*' R avanonr attyeaptcna advances ane 0 Italian issues. ‘The firregularity extended to those bonds traded on the Curb Exchange. Detroit mhmflflul Bridge 7s (1952) were down 6% points and at a new low for the year. Washington Stock Exchange SALES. % D'l-—lfl at 109. 5 at 109. - 5%5% pfd.—20 at 10413, 25 at , 8 -z 1 Pot. Elec 104 Mergenthaler ok 2t 206 at 103%, 30 At 103%, Natl. ul Inv. pra—w tare pié-10 't 102, 8 T Nl Real Est. M. & Guar. pfd.—40 at 7%, AFTER CALL. 'llh Ou 6s A—$100 at 1001, $100 at )(fl!h lk & Tr. Co.—10 at 1303, 40 t m % pfd.—10 at 108%. Fan B aE pfd.—10 at 93%, 10 at 33%, To ‘st $41% pot. Fiee. 6% T058.81,000 at, 105, ok, M. Ty, Pra.—800 at 3%. UNLISTED DEPARTMENT. Metropolitan Club 4155—$1,000 at 83. NOTICE. THE EVENING STAR. WASHINGTON. D. [ov wox vo BONDS stoce sxcmuvee] |P|LTRY SUPPLIES | Received by Private Wire UNITED STATES. : 9 29 100 26 mo"s 100 26 Lib4thdie 434 1012 101 1012 US3%s4T. 44 100 100 100 US4%sb. 22 11218 11210 11218 FOREIGN. LibIst4%s 981y 9874, L 98 98m 5l 3% a 2 10214 1025 102 9 93 97K 824 ‘This lub.un?c will be closed tomor- row, Friday Saturday. Bid and Asked Prices. BONDS. 3823239823852 FRRE ] 223338 ‘TRUST COMPANY. urity & Trust Co. 4 Security llvln.n & Commer: tional® Uiton ... " TITLE INSURANCE. lumbia Title. tate Title. of Md. Title pfa. - MISCELI ANEOUS, Ross. Inc., com ‘ash. Con; rber & American ! nston_Monetype ferch. Trans & Btoraj Linotype fin nthal r" T Mixe & 1, Dru 'l% lll!l nlisted Department. NDS. - Bin CEL Asked. 21 94 Pl 94k 47 101 100% 101 8 1051 105 105 12 108 107% 108 61 1064 106% 105% 27 116 116 116 10 1101 110% 110% 17 7% 1MW TTw 10 954 95 05 2 101% 1014 101% 20 82 80 82 39+ 42 B0 - BT 15 904 90 90y 37 994 9% 89w 6 1008 100% 100% 10 100 100 100 1R 1025 102% 102% 22 o1 20 ot 1090 Row A 15 998 $8% 99l 1101 1014 1014 T84 TR TR H 9815 98 o8 45 89 88% R 6101 100% 100% 21 109% 10818 1084 3 109% 109% 109 & 109 109 109 149 90 898 f0 10 100% 100% 100% ® 104% 103% 163% 2 101% 101% 1014 5 101% 1013 101% 13 104 1034 104 .19 RBU RB4 F5u R6L o6 R 1041 1044 1041 <193 1101 109% 110t o 1R 117w 1174 117% " 5 854 8B SRy 1 91k Sl 91 64 106% 105% 10584 30 1001 99% 998, 26 82 R0% 6 98 10 95 21 99 21 9614 92 96 13 90y 16 944 94w 44 102% 102 16 9315 93 «o 14 101% 101% 101% 3101% 101% 101% NG 17 13 124 12 .40 16u 154 19 R6% 8B4 Belgium Belzium Belgium 7% Belglum Bolivia 7s et Rollv! Bordeaurx 6: Brazil 6% 1 Brazi] 6158 192 6. Bremen State Ts.... Canada bn 191 ai Czecho 8 1952 Danish Munte Denmark 44 Denmark 5% Denmark 6s....... Dutch East I 6s 41. Dutch East T 6s 62, Fl Salvagor 85 48.. Finland 5% Finland s f Holland-A Hungary 714 Irish Free State 5s. ltaly 7s..... Tapanese 63 Rreuger&To'l s et. Lyons 6s. Direct to The Sales. Nor States Pow bs. 6 Nor States Pow 6; 1 Pacifie Gas & m [ Pan Amer Pete Pan-Amer P Paramount Pathe Exchange 7s. Peoples Gas b 0m | Phila Co bs 67 Phila & Read Philips Petro 8% Pierce Ol deb 83. 3 Por Rie Am Tob 6s. 2 Postal Tet & C §%s 12I Pressed Stl Car Pub Ser dYs. RemingtonAr 6s 33 Richfield O1! Sinclair Of) Tenn Cop 6= B "44 Tenn Elee Pow Tex Corp ev 58 1944 150 Transcontl Oll 6%s 5 United Drug 68 83.. 77 U S Rub 1st rf U8 Rub 74s. Utah Pow & Lt 5s Utilities Powr 548 Vertientes Sug 7s, Walworth 6s 45 Walworth 6348 35 West Elecbs....... Westn Union 6 §1. Westn Union 6. White Eagle O5%. Wickw Spen 1st Willys-Ov 6%s33.. Wilson & Co 1st ¢s. Win RepeatAr 7348 Youngstn S & T bs. Atch Atchison Atch deb 4348 43 At] & Dan 1st At& &Bir 48 3 SW 68 50.... B & O Toledo ¢s. Rrooklyn Elev 6348 Boston & Maine 68 Bklyn Manhat Bkiyn Un EI § Buff R & Pitts 4 34/ Bush Term con §s. Can Nat C‘AII C: Car Clin&Ohio Central of Ga 11 1025 102% mm 20 96u 95% 95u 20 100% 100% 1005 12 102% 102% 1031 | SN 18 102 102% lom RhineWat BB 1o 50 Rio de Janerio 6% s Rin de Jan 8 194 Rio Gr do Sul Rome 834n. Sao Paulo 85 1936 Sao Paulo 195 100%" 1004 15 764% 76 6 964 95K 96y 106 T8Y% 89 7 884" 87% 8R4 43 100% 7 103% 103 103 S 102 102 102 3 103% 10214 102% 3 110% 110% 110% 7 98% 984 98 4 T4% Tdh Tau 4 881 ‘88 g8 27 10315 103 108 17 96 964 961 3 106 105 105 16 34 8260 R 18 T1% 6% TT% 26 95 5 $65 MISCELLANEOUS. Abrama&Straus §%s 18 xon Al Shinyefsu 6148 63.. Solssons 6s Swiss 5% 1946 Swiss Confed 8 ‘Toho El Pow 7 Toklo b ‘Toklo § Utd Kingm 6% Uruguay 6s 1 Uruguay Vienna 29% 99% . 69% 69% 102 107% 102 102 108% 10315 80 80 Ajax-Rubber Alleghany Cp Alleghany 6. AmAgriCl 1% Am Beet Sug 6s 3, Am Chain 6533 Am Int Cor 6% Am Chem 53%s ev %842 Am Smit & R 1st 6s % 104% 104% 65 664 101 101 1024 103 139 142 102% 102% ] Am Wrtg Pap 6347, Aromur&Cos4s39. Armour Del 5% s Atl Gulf 6s B9 Atlantic Refin bs. Bell Tel Pabs B.... 10215 102% 103 103 105% 105% 100% 100% 102% 1024 104 1054 104% 1043 103% 104 63 63 95% 95% 804 817 9915 100% 87 1N 63 105% 106 1015 102% 9% 99y 97 97 10114 10114 1065 1065 105% 105% 91U 91K 82 82 4 100 100, 100% 100% 4 108% 1034 92% 93 Lautaro Nitrate 6s. l.oew's Inc 63 . l.oew's 65 w © war. Lorillard 6a. 14 824 17 85 . 17 106% 14 60w Lorillard ‘P) 1 Manati Sugar 1%s 4 St NewEnglana Tel b3 104% 104% | N Y Edison 68 44 15 1034 103% 103% . 82558858 B 3 1124 . 3 98% . 14 106% 94y 16 13 véh 11205 1124 98 984 106% 106% 2 294 101% 102 9% 9TH N Y Edlion %8 N Y Tel N Y Te Nortn Am Edis No Am Ed 634863, Nor Ohio Tr&L 6s. CM&StPGenss.. Chi MiISP&PackaTs 285 Cui . 9% 1004 | Gyna Nor b14s et - Cuba RR1%s, 921 9240 | gl Ches & O gen 4 4n.. 35 Ches & O 4% 93 A. CB&Q4KsT 2 15 Del & Hud 1st rf & Hud Det United Hi Erie 1st cons Fla East C6s 7 Gr Trunk st ab Gulf Mo s B 50. Hud & Mana Hocking Val 43, 111 Cent 4u 62 n t - Int RyaC A Towa Cent rf lowa Cent 18 Lake Shore ¢s 31 Leh1 Val en 4 LehiVgen 4342 2003 Lehigh Valley Nash §%s. Louls & Naab 7s... G Mo Pac b}%s Nash Chat&StL ¢s. Nat Ry Mex 43 17., N YOnt Wistds . N!OWl-nll!l Nor Pag rf Nor& Ore Wash 18 Penna con 4%, Penna gen ¢ 3 Penna ¢%s Penna gen §8. High. Low. 3235 1014 101 1064 105% 100% 101 102 102 1031 1034 1034 1034 104% 904 248 2 100% RAILROAD. 8 5 % HIB?:‘ 105% 104'% 104 4% 100% 7% 8% 106 INCREASE GREATLY Turkeys, Chickens and Other Fowl in Evidence at D. C. Market. Immense quantities of poultry— i turkeys, chickens and ducks—with a | moderate sprinkling of geese and keats, and nlpnu}’ 1 suppiies of rabbits, were very much in evidence in the wholesale district this morning. “Prices?” echoed a dulpr when asked the sondition of the market. “All kinds of prices for various quali- ties of supplies,” he added. It was reported that top quality turkeys, dressed, brought around 30 cents’ a pound, while poor and thin birds were sold at almost any price of- fered. Live turkeys sold around 28 ;l‘?\“‘ but the demand for them was ght. A surprising feature of the market this morning was the receipt of belated truckloads of live turkeys, raisers, deal- ers stated disregarding warnings against bringing live turkeys to market so late in the season. Retall Prices. “Even if there was a scarcity of tur- keys,” observed a dealer, “it would be almost impossible to dress such late n’;rlvnla in time for sale and consump- tion.” It was geneérally admitted that deal- ers will be unable to clean up supplies before the close of the holiday market late today and, it was stated, some dealers early in the day were resort- ing to cold storage in an effort @ keep supplies in good condition over the holiday market. Retail prices covered a much wider range than the wholesale, according to reports of dealers, the low price being around 35 cents, extra fancy stock sell- ing as high as 50 cents. Retail prices generally, it was reported, ranged form 39 to 45 cents. Heavy receipts and slow demand for chickens resulted In lower prices for both Spring chickens and fowls. While the demand for chickens was not heavy, it was said the demand appeared great. er than during ordinary holiday sea- sons. Both Spring chickens and fowls sold around 23 and 25 cents, while dressed stock went as low as 25 and 28 cents. Ducks were in greater de- mand than usual. Heavy shipments of rabbits from nearby and distant States met a fairly good demand. Prices were not excep- tionally cheap, dealers reported, nor were they high. Health inspectors were very much in evidence this morning, looking over, examining and condemn- ing all rabbits found unfit for sale and consumption. An easing of the egg market proved an interesting feature of the day's market to both wholesalers and retail- ers. The easing was proportionately greater on hennery stock than on cur- rent receipts and fresh selected stock, according to reports. Celery and cranberries continued in fairly heavy demand in the commission house district, other varieties of prod- uce also being in demand. Business was not especially brisk for a holiday season, wholesalers reported, most of*the heavy buying having been done yester- day. Other Vegetable Receipts. Commission house merchants and sellers on the farmers’' line continued with heavy receipts of green vegetables, receipts of -plnaen kale, mustard and turnip salad being so ‘plentiful that ealers gladly accepted 50 cents a bushel for them. Watercress sold at 75 cents. Few tomatoes, received from nearby farms, having been ripened indoors, were ‘Offered at $2 for 2-peck baskets. They were of exceptionally fine quality for %0 late in the season. Florida cucumbers, presenting very much the appcarance of hothouse stock, fand some hothouse stock from Ohio claimed attention of buyers. The Flor- ida stock was quoted around $6.50 a basket. Scuash sold at $2.50 and $2.75 a crate, much of the receipts being to large that they found slow sale. String _ bean! ts of Florida, were quoted at $4.25 and $4.50 for 24- quart baskets, a lawful, but unpopular size basket. Peppers were scarce and high, pans of the top quality vegetable from ¥lon selling at $1, the pans contair ing approximately 18 peppers. A continued firm condition of the butter market was reported, prices hav- ing slightly advanced. One-pound prints were quoted at 44 and 45 cents, tub but- ter selling at 33 and 34 cents. Meats were not so much in demand today, ac- cording to reports, although business was as good as had been anticipated. Retall market dealers reported a de- cided improvement in business this morning. Today's Wholesale Prices—Jobbers® Prices Slightly Higher. Butter—One-pound pr\nu 44a45; tub, 43a44; store packed, 3 Hennery. 55: m-h selected, 53; current receipts, 51 Poultry, lllv.—'nlrkl!l young, 32 Spring chickens, large, 23a25; medium, 25a26; broilers, 30; Leghorns, 23a24; fowls, 26a27; roosters, 18; ducks, 15a2 keats, young, 40a65; old, 30. Dressed. ‘Turkeys, 30; Spring chickens, 25a2 broflers, 35a36; roosters, 24a25; duc 3 29a30; keats, 70a80; capons, 45a50. M!l"—Beef 20222; veal, 24a28; pork lflinl. 22a25; fresh truh shoulders, 20a2: lambs, Fruit and th‘k Review. Daily market report on fruits and v;u:ulg:u ’loum iled by‘ the Market ews Service, Bureau of Agricultural - idanr es jobbers except whi - wise noted bl Apples—Supplies moder: 104% 96% 89% 954 99% 95% Roading zen 4% s A 114 Reading J C RIArk& L 4% St1, IM&S gn s 31, StL IM&S R&G 48 SILASFDplisA.. F. 20 1 64 BT LT T WU 98U C.. WEDNESDAY, llow market steady; few sales; boxes, ashington, medium to large size, extra fancy, Delicious, 3.68a3.75; extra fancy, Staymans, 3.00a3.25; fancy, Staymans, 2.75; bushel baskets, Virginia. U. 8. No. 1, 2% inches up, Yorks, 2.00; U. S. No. 1, 21, inches up, Yorks, 1.50a1.65; unclassified Staymans, 2! inches up. good quality, 1.75; U. S. No. 1, 2l5 lzn;:hu up, Staymans, 2.00a2.25, few light, market llllhtly weaker; New York, 100-pound sacks, Danish type, 1.50a1.75; South Carolina, barrel crates, approximately 100 pounds net, polm:d type, 2.25a2.50; ordinary quality, 2. Yy-barrel crates, 1.10a1.15; South Caro- lina and Virginia, Norfolk section, 1%~ bushel hampers, pointed type, 1.25. Celery—Supplies moderate: demand light, market steady: New York, 2-3 crates, 3.25a3.50; California, crates, 6.0026.50. Lettuce—Supplies moderate: demand light, market steady: California, crates, Iceberg type, 4-5 dozen, 4 00. Onions—Supplies light: demand light, market steady: Ohio and Indiana, 100- pound sacks, yellows, U. 8. No. 1, me- dium to large sizes, 2.00a2.15. Potatoes — Supplies moderate; _de- mand light, market steady: New York, 150-pound sacks, round whites, U. 8. No. 1 Maine, 120-pound suck!. Green Mountains, U. S. No. 1, 3.60a3. String beans—Supplies ligh: drmlnd light, market steady; Florida, 34-bushel hampers, stringless, 4.25a4.50. Cucumbers—Supplies very light; de- mand slow, market steady: Florida, bushel hampers, fancy, few sales. 6.5 Squash—Supplies very light; demand light, market dull: few sales; Plorida, bushel hampers, white, wraoped, me- dium size, 2.75; pepper crates. iArge sizes, no cales reroncd asking 3.00a3.50. Peas—sSupplies light; demand light, market dull: California, 45-pound crates, mostly 10.00. Beets—Supplies light; demand light, market steady: Texas. Western lettuce crates, bunched, 3.2523.50. ‘Tomatoes—Suppli light; demand light, market firm; California, lug boxes, green, wrapped, and turning, wrapped, 3.75a4.00; repacked 4s, ripes, wrapped, 3.50a3.75: some soft. 2.00a2.50. Caulifiower—Supplies moderate: de- { mand light, market dull and slightly weaker; Long Island, crates, 3.00a3.25; mostly 3.00. Oranges—Supplies moderate; demand light, market steady; Florida, boxes, No. 1, medium to large size, 4.00a4.50; No. 2, 3.5083.75. Grapefruit—Supplies light; demand light, market slightly weaker; Florida, Cabbage—Supplies moderate: demand ! NOVEMBER _27. 1929. clares aM«nd of 3712 unu per share on class A dnd common stocks; paid 30 cents on September 30. Chicago & Eastern Tilinois, October net off 91 per cent; 10 months, 31 per cent nbove & vear ago. Chicago, Milwaukee, St. Paul & Pa- cific Railroads, October net, off 26 per cent; 10 months 6 per cent below year ago. Container Corporation of American resumes dividends with declaration of 30 cents on class A stock; last payment was 30 cents on April 1. Diamond Ilefl-flul ‘Manufacturers declared an extra dividend of 50 cents on_common. E. 1. du Pont de Nemours to purchase stock interest in ob:rkoh Chemical Co. of Berlin, extends rights to mant ture of Duco products to the German concern. Foremost Dairy Products to exchange 1.42 shares of common for each share of Southwest Dairy Products in merm Tllinois Central Rallroad, October nef off 14.5 per cent; 10 months up 'llch'.ly over year ago. Interborough Rapid Transit had def- icit of $607.651 (after =harges) in four months to October 31, against $410,701 deficit year ago. International Business mchfinel h- creases dividend rate from $5 annually and declares a stock dlvld'nd of 5 per cent. Keystone Aircraft, a Curtiss-Wright affliation, awarded contract for 18 planes (at cost of $1,067,820) from Navy Department. Lane Bryant, Inc, places new stock | on $2 annual dividend basis. equal to $3 on old stock against $2 paid. Missouri Pacific Railroad earned $9.53 per share in 10 months to October 31, against $6.08 year ago. New Orleans, Texas & Mexico Rail- way earned $6.50 per share in 10 months, against $5.9 3 New York, New Haven & Hartford Railroad to spend $3500,000 for 10 eleciric locomotives and 33 multiple- un“ pl.ll!n‘e.r cars and trailers. h & West Virginia Railway 1 per share in 10 months, against $5.71 year ago. Southern n-u--y earned $10.39 per share in 10 months to October 31, against $0.67 year Real Estate Investments JAMES Y. PENNEBAKER Nat.5291 1520K St. N.W. boxes, No. 1, small to medium sive, 4.2524.75; large size mostly 4.00. Corporation News NEW YORK, November 27.—The fol- lowing is today’s summary of important corporation news prepared by suna-ra Statistics 00 Inc New York, for the Associated Press. Nm Trend. Financial news of the past day was {of A mixed nature, developments bear- ing on industrial activity being largely dlnppomtln!‘ while corporate items were genej dehm“b‘. Preliminary figures on 1 output for the past week indicate that further recession has taken place, bringing average oper- ations down to 69 per cent, or below 70.Tor the first time T year, compared with 71 per cent in previous week and 83 per cent a year ago, Operations of the United States Steel Corporation are only fractionally above the average. Freight car loadings for the week ended November 16 aggregated 983,323 cars, a decrease of 66,152 cars from previbus week, and 72,797 cars from a year ago. This reduction is considerably larger than warranted by a normal lmon-l decline, and 1s believed to partly refl the fact that Armistice day, whi h was included in the total, fell on Mon- day this year and on Sunday in 1928. Oll output increased slightly from pre viol 'k, with California lupplylnl iy large number of im- portant corporations joined the move- ment w\ura higher dividends in the past day. Included in the group wers such eornpuilep as American Chicle, American Home Products, Armstrong Cork, Blaw-Knox, Container Corpora- tion, International Business Machines, Lane Bryant and Western Electrica! Instrument. The Companies. American Chicle declares extra of 25 cents and regular 50 cents quarterly on common. American Home Products increases dividend from $3.60 to $4.20 annually. Armstrong Cork increases regular dividend rate on common from $1.50 to $2.00 annually and declares an extra of 371 cents. Bllw-l(nox dec)-ru extra dividend of 30 cents pe: president estimates ‘l:le.::l at 'l ’Iflfl 000 against $1,672,162 Niagara & Eastern Power de- First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. First Mortgage Loans for, 3, 5, and 10 year penods on houses, apartments and busi- neess property in Washington, nearby Maryland and Virginia Randall H. Hagner & Company, Inc. 1321 Conn. Ave. N.W, Decatur 3600 Meorigage Loan Correspondent New York Life Insurance Co. hod of selecting mort- has besn proved i e the peut methodeso 7 represents “The Safest Investment Known to Man Start Now and Buy 6% FIRST WO:.D.;A MORTGAGE NOTES <> PBNERTORS. ThE BAT THEY BOSS and PHELPS ONS_OF 3280 ARDS BY Vounded 1907 Jonn encork Hutser’ Lite Insurance Co. 1417 K St Money to Loan Arust mhlm“ .lowp 1 Weller Sr kb s T The Commercial National Bank Pays interest on DAILY BAL- ANCES on Savings Accounts. Interest starts from DAY of deposit and earned to DAY of withdrawal. Come in and let us explain Resources Over $20,000,000. 14th & G Streets R. GOLDEN DONALDSON, President + SAFETY + CONVENIENCE The Perfect Investment or in other words First Moflgage Notes in convenient denoniinations 1435 K St. N.W. Nat'l 2345 WE WILL BUY Racquet Club Bonds ional Finance Real Estate Mortg. & Invest. In uln-nl ldg. Bends ank of Brightwood WE WILL SELL 180 Units U. S. Security @ § 100 Vaseo Pred. A Pfd. @ § 100 Vasco Prod. Commen @ 3 Capital City Co. 509 Washington Bldg. Phone District 8291-8292 W— PIRANCYAL. Equitable Co-operative Bldg. Ass'n Organized 1879 JOHN JOY EDSON, President WALTER 8. PRATT, Jr, Secrefary Surplus & Profits. $1,705.130.78 Subscription for the 98th Issue of Stock Being Received iy ‘SAVE AS YOU EARN HE Equitable’s plan of sys- tematic savings encourages thrift in a manner that if con- sistently followed will even- tually lead to financial inde- pendence. Start now while you have a steady income. Come in and let us explain about our systematic plan. 915 F St. N.W. First Trust Notes Secured on Washington, D. C,, Real Estate Interest 6% Semi-Annually Conservative Appraisal Certificate of Title Fire Insurance and careful attention to details Wm. H. Sainders Co. 1433 K St. N.W. Est. 1887 Distriet 1015 WE have prepared a list of Over a Third of & Century Without a Loss Common Stocks with estimated earnings per share which we are recommending for investment purchase at this time. able on request. WESTHEIMER & CO. Members New York Stock Exchange Members Baltimore Stock Members Cincinmati Stock E: Members Chicago Board of Tra Ground Floor—Woodward Bldg. Telephone National 5500 The list is avail- DON’'T DRIFT—CRUISE! If you are going along, spending without thought or definite direction, you'll run on the shoals sooner or later. stead, map out a definite course of action—invest in our 69 FIRST MORTGAGES In- —and thus have the assurance which income provision gives. With money yeu can achieve ; with such an investment you will have money. May be purchased in amounts from $250 up. B. F. SAUL CO. National 2100 THERE For months we urged “Buy Bonds at Present Prices for 6% Return™ Because continued high money rates had forced down bond prices creating an unusual opportunity to buy for high income return and profit possibilities. Now, cheaper money is stimulating bond buying and prices are ad- vancing. At this time, however, it is still possible to select a well diversified list on which the average yield is around 6%. Send for copies of our Curvent Lists T8e EQUITABLE SECURITIES COMPANY I5¢ A Subsidiary of The Equitable Trust Company of New York STANLY CaARR, Representative 922 Fifteenth Street, N. W. ‘WASHINGTON, D. C. 925 15th St. N.W. IS NO SUBSTITUTE FOR SAFETY Interest Compounded Twice a Year To become successful one must be “thrifty.” Success means effort and oftentimes sacrifice, but success is the highest ideal of one’s ambi- tion. Systematic saving through this Association will instill in you that spirit of thrift which will start you on the road to success. One Dollar or more will open your account. Christmas saving checks soon to be issued will “be accepted on accounts or cashed for you. COLUMBIA BUILDING ASSOCIATION 716 11th St. N.W. UNDER GOVERNMENT SUPERVISION a