Evening Star Newspaper, November 29, 1929, Page 15

New York and Cleveland, . The average ' \FINANCIAL. for the 12 Reserve districts, as a whole shows & gain in retall salés of 3.2 per The changes in sales and stocks of Teporting department stores are sum- marized by districts in the followin; ) table, covering the month of October, nrsth tera man‘t)l-'l;sm%le th:‘vl year and stocks on hand on T H 9 Federa W. R. & E. Also Files Report| i ..o With Public Utilities Billade S . . Richi 4 Commission. it =t 8t uls Sales. Stocks. Oct. —~ Jan. Oct. 31 2 T SeuzsotusLaen BOUSNBE R aD! J T o Ras LRS! BY EDWARD C. STONE. According to the report flled t0day | qpe mont the same number of with the Public Utilities Commission, | o e e ?;:rneu days (27) this year and last wer Co. in October amounted to | ¥¢*™ $90133730 1n comparison” witn §326, Joins Brooke, Stokes & Co. 080.69 in the corresponding period 1ast | ol Godwin Ordway, son of the late year, or & gain of $12,255.61. | Gen. Albert Ordway, has become affili- Potomac Power's gross earnings from | ateq with the Washington office of the operations in. October totaled $846,- | philadelphia firm of Brooke, Stokes & g’l.l'l. against $792,563.44 in the same Co., investment bankers. The Wash- onth a year ago, or an increase of | ygion ofce is managed by Maj. Gen. $54,103.73. Operating expenses Te-| p w Coe, retired chief of the Coast quired $362,724.77, compared with $333,- | artillery, 814.72 in October, 1928, an increase of | " Mr Ordway is a graduate of Lehigh B watnings from operations totaled | Dniversity, taking a B. 8. oo il et eal 1804. n scl 1 and was a $483.940.40 in comparison with $458,- LTSNS Colhes B ington area in October were Boston,{noted athlete in. foot ball and lacrosse. .\ THE EVENING ' STAR, WIA:SHINGTON. D. C, FRIDAY, NOVEMBER ' 29, 1929. He entered the Army s a commissioned officer at the close of the Spanish War and was retired at his own request last August with the rank of colonel. His last assignment was the command of | the outer sea coast defenses of New York. Previous to that he had rendered long service in the Canal Zone. | Col. Ordway. recently returned from an extendzd trip to Europe and decided to make this city his permanent home H Chesterman Makes Thrift Plea. | 1In furnishing some financial copy for the class in printing at the Central | High School, Bertram Chesterman, president of the local Morris Plan Bank, said: “It is well for you to try the experi- ment of saving for two reasons. The first of these reasons is to find out whether you have any backbone or not; that is, to find out if you are capable of carrying through an effort which you have determined upon. “If you have a will power sufficient to drive through to the end some worthy object on which you have de- termined, it only remains for you to determine in your own mind whether — Money to L.0an Secured by first deed trust on real estate. Prevallios interest and commission, Joseph I Weller 42 Wesh L4 Trass 74872, an increase for the month in operating revenues of $25.108:68. After all_other deductions were made the company had the above mentioned gain of over $12,000 in net returns. Fine Ten Months’ Showing. The Potomac Electric Power state- ment also reveals the financial situation of the company for the first 10 months of the year. Gross earnings in this period amount- ed to $8,004,273.54, against $7,655,949.84 8,7ear ago,’a gain this year of 438, 23.70. Invest your Xmas Savings Check in Guaranty 69, SECURITIES The safe motes and onsol is Operating expenses for the 10 months totaled $3.395.777.37, compared with $3,279,659.75 in 1928, an advance in op- erating costs of $116.117.62. Gross income from operations, less | operating expenses and taxes, reacied | the sum of $4,873,599.39, in comparison with$ 4,520 876.69 last year, an increase | of $532,722.70. > After all the other usual deductions |} net income for the 10 months of $3,267, 770.46, in comparison with $2.996,050.4: last year, an increase in net earnings so far in'1929 of $271,720.01. Local Trade Reveals Increases. Department store sales for October were 3 per cent larger than in the corresponding month a year ago, ac- cording to reports to the Federal Re- serve system by 523 stores in 229 cities. For the first 10 months of 1929 sales were 3 per cent larger than for the same period last year. Inventories of the reporting depart- ment stores at the end of October were at about the same level as a vear ago, according to reports from 433 stores. ‘The report of the Richmond Federal Reserve Bank shows that trade in the fifth district, which includes the [ Pl‘.“ - GUARANTEED from $250 May be purchased on Monthly Payments Send_for catalog, ““The Success Plan.” ; REAL ESTATE | MORTGAGE & GUARANTY CORPDRATION Capital Resources $ 3,400,000 Washington department stores, is 4.9 per cent ahead of the same period a year ago. ‘The only Federal Reserve districts to make & better showing than the Wesh- Anticipation and e Realization Are synonymous terms when FIRST MORTGAGE NOTES Are the Medium of Inue.:tment After years of experience, through good times and bad,.they continue to meet_ every réquirement of absolute security and maximum yield.’ 6 interest checks mailed day prior to due date [SHARNON: & LUCHS] 1435 K St. NW. Nat. 2345 Equitable Co-operative Bldg. Ass'n Organized 1879 50th YEAR COMPLETED JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary Assets .............$5662,549.55 Surplus & Profits...... $1,705,130.78 Subscription for the 98th Issue of Stock I‘!eing Received 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. Interest Compounded Twice a Year To become successful one must be “thrifty.” Suceess 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 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 8 COOPER. President - Capital, $1,000,000.00 Year 1924 1925 1926 1927 1928 1929* holders. Year 1924 1925 1926 1927 1928 ing in this respect income as follows: ar not it is & good thing to save a part of what you receive each month.” W. R. & E. Files October Report. The Washington Railway & Electric Co. also filed its report for October with the Utilities Commission todsy, showing a small loss in net earnings for the month as compared with a year ago, but a good gain In net income for the | of October, 1929, and the corresponding of October 1929 and the corresponding month a year ago are x..a"fo]lo;s’:. Operating revenue: Operating exp. an X Operating income i 101, Non-operating _inc: 24,295 20,320 Gross less expenser 12587 122383 axes ... Net income 54735 57331 ‘The figlires show that the slump in net earnings for the month, compared with October, 1928, was $2,597.19. W. R. & E. Summary for 19 Months. The financial statement for the first 10 months of the present year shows a gain in net income over the same period 3495220 35 406,927 407, 88,202 First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company.- Inc. First Mortgage Loans In Arlington County and Alexandria, Virginia Commonwealth Investment Co., Inc. | 806 15th St. N.W, Phone National 2623 Mortgage Loan Correspondent for The Prudential Insurance Co. of America SAFE TFIRST Jast year of $106906.54. Other 1o| months comparisons follow: : Operating revenues H Operating exp. and 29, S ! Operating income 778,000 7 Non-operating in X 1 Gross less operat! Deductions from ncome .. Net income’ ‘Merger Plan Arranged. NEW YORK, November 29 (#).—The Bush Terminal Co. has arranged with Lassen & Co., a Swiss holding concern mnf-l‘ollln’ 50 European distributing sgencles for a merger of interests. First Mortgage| Loans for, 3, 5, and 10 year periods 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 Mortgage Loan Correspondent New York Life Insurance Co. Over a Third of a 'C'tnlury Without a THE DIRECT ROAD ;1'0 FINANCIAL FREEDOM —is through investment in our 6% FIRST MORTGAGES They have a definite fixed value that is changeless throughout the term of years: and every year the interest is exactly the same. Here your principal is safely secured; and you know exactly what your income will be. You encounter no losses in such an 1929 (October) Loss May National 2100 THERE Associated Gas and Electric System Founded @ in 1852 Five Years of Progress A 54% increase in gross earnings through normal growth of the same properties during the entire period. Gross Earnings $62,012,086 67,905,520 75,178,988 81,228,130 86,426,789 95,830,043 *12 months ended September 30. e, 3 Incrus‘ giving eflect to acquisition of properties during this period is well indicated by the rise in gross earnings from $5,658,573 in 1924, of the properties then owned, to the $95, 830,043 shown above for all the properties a part of the System at September 30th, 1929. " A twenty-five fold increase in the number of stock- Number of Stockholders 6,000 38,000 41,000 50,537 66,263 150,500 from many other stocks. 38 Interest Bearing Allotment Certificates Rights to subscribe at $120 to $8 Inferest Bearing Allotment Certificates are now being exercised. Subscribers may pay out of The Allotment Certificates will become exchangeable for either stock or tonvertible debentures. Detailed circular on request. Upon subscription, $20; April 1, 1930, $50; and July 1, 1930, . $50. A liberal discount will be allowed on each full paid Certifi- cate of 3 cents for each day that the subscription is mailed or delivered prior to the expiration date, December 16, 1929, investment; it’s all profit. from $250 up. B. F. SAUL CO. IS NO SUBSTITUTE FOR SAFETY be purchased in amounts 925 15th St. N.W. The stockholders have a high degree of confidence in the Company. They very generally retain their holdings as a permanent invest- ment. The number of shares sold by them during the recent drastic market decline was materially less per day than previously, differ- | Associated Gas and Electric Securities Company 61 Broa,dway INCORPORATED New York, N.Y. l FINANCIAL. The C?za;stmqs. Store_\._’ MEN’S OVERCOATS . in the styles you like most to keep you looking your best You will be sure to find the type of Overcoat you desire among_this extensive collection of personally selected Overcoats from American and British makers. Overcoats of distinctive and individual character —for formal and informal wear—for business and sports—for moder- ate and severe weather. Practically every style of coat a man wants o..ulsters. .. single-breasted . . . double-breasted box coats. . .raglans «..and Chesterfields. THE “WOODWARD FLEECE"—Dou- ble-breasted models with smartly set-up shoulders to give the square effect that tall men desire. Made with wide lapels and set-in sleeves. Guaranteed to ‘give their wearers satisfactory serv- 550 ice for two years CHESTERFIELD OVERCOATS — For men who are reserved in manner and appearance. Single-breasted fly-front model, with and without velvet collar. Full silk lined; in Oxford gray and black. For formal and .in- 365 formal wear ENGLISH OVERCOATS—Smartly correct in style—impart to their wearers_that sportive appearance so typical of English sportsmen’s coats. Tailored of rich, sturdy woolens, in raglan model with ‘75 set-in sleeves Accessories Must Harmonize with Well-Dressed Men’s Suits, Well-turned out men today are choosing accessories of those shades which enrich or contrast with their suits. The Men's Store has collected acces- sory groups from which you may ch oose those that harmonize with your own suit preferences—be they brown, gray or blue. Woven Madras Shirts $3 Shirts, following the trend of style, have enlisted color to harmonize with the blend of your ensemble. These shirts aré shown in neat striped effects, in green, blue, tan and lavender. Other $2.50 to $5 Crepe Handkerchiefs $1.50 Favorites with men who like to effect a_harmonizing color scheme. Crepe Silk Handkerchiefs, in soft, plain col- orings of blue, fan, green and laven- der, to tuck in the breast pocket of your suit. Other Men’s Colored Hand- THE MEN's StoRE, SECOND FLOOR. Four-in-Hand Ties $2.50 Our own Imported Silk Four-in-Hand Ties, in small all-over patterned effects and stripes, in rich colorings to har- monize with your shirts. Made with resilio construction that makes them tie better and hold their,shape longer. Other Ties $1 to $8' Fancy Silk Socks $].50 A change from the pronounced patterns of former seasons—two-toned, full- fashioned Silk Socks, with novelty em- broidered clocks. Shown in black, blue, green, gray, brdwn and lavender, Other Sock: ...50c to $3.50