Evening Star Newspaper, December 14, 1929, Page 22

122 Fl ANCIAL. BOND PRICES GAIN AS PRESSURE LIFTS Market Buoyant as Govern-; ment’s Fifst Discounted Bill Sale Succeeds. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, December 14.—Relieved of the influence of a reactionary stock market and aided by the emphatic suc- cess of the Government's first venture in discounted bills, bond prices retraced today some of the ground lost in the last three sessions. ‘The fact that the Government placed its $100,000,000 of discounts at an average rate of 3)( per cent was con- strued as bullish, the rate being only one-eighth of 1 per cent higher than that set for the nine-month certificates sold a week ago. Another beneficial factor was that the issue was overbid—the total bids received being $223,901,000. The high- est bid received was 99.310, or on a 23, per cent basis, and the lowest bid 99.152, or on a 33; per cent basis. Part of the amount bid at the latter figure was placed. ‘The resultant buoyancy in bond prices was most actively reflected in the sec- ond-grade bail bonds. St. Paul ad- justments gained nearly a point and there were also advances in Chicago & Great Western 4s, Denver & Rio Grande Western 5s, Erie general lien 4s, Florida East Coast 5s, International Great Northern adjustments, St. Louis- San Francisco 4';s and Seaboard All Florida “A” 6s. High-grade rails were also strong. United States Government issues were quiet at prices a_shade lower than yes- terday's close. In the foreign depart- ment German issues were strong on the announcement that the Reichstag had granted a vote of confidence to the cabinet on its financial reconstruction program. This will mean the arranging of some $400,000,000 of immediate credits and eventually the rearrange- Received by Private Wire UNITED STATES. Lib3%s... Lib n‘tcu- 76 10028 10028 10028 th 4%s 132 10115 1 AL et e S REIGN Argentine §sJu Argentine 68 Oc! 16 6 3 20 93 92% 93 2 105% 103 103 3 95 9 9 4 97 97 97 9 101 100% 100% 4 105% 106% 105% 25 108% 108% 108% 106 106 116% 116% 109 109 22 81% 0% 81 6 94 93y 4 108 B 1 Brazil 6%s 1927 Brazil 7s.. 9 100 69% 4 100% 100% 100% Chinese Gov Ry Colombia 6s Jan k Copenhagen §s ¢ Czecho 8s 1952. . Danish Muntc 8s A. Denmark 4% Denmark 5%s DE1 5%s Mch 63, Fiat 7s war 46 Finland 6% Finland s f 63 46... German Bank German 7s. ment of the entire German taxation system. AT R, Washington Stock Exchange SALES. Potomac Elec. cons. 55—8$1,000 at 100, $4,000 at 99, ‘Washington Gas 6s B—$500 at 103'3. Capital Tractlon Co.—5 at 75. Potomac Electric 6% pfd.—3 at 111. W;.;!"llngwn Rwy. & Elec. pfd—10 at ?!der:l-Amerlcln Co. com.—10 at 32° Mergenthaler Linotype—10 at 107, 10 at 107 20 at 107, 5 at 107. National ge. & Inv. pfd.—50 at 4. Peoples Drug Stores pfd.—10 at 107. AFTER CALL. ‘Washington Gas 65 A—$1,000 at 1017;. lm-"egslm & Potomac guar. 55—8$1,000 at 91. Mergenthaler Linotype—10 at 107%%. ‘Washington Gas 5s—$2,000 at 993, $3,000 at 9935, Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Tel Amer. Tel. & m. Anacostia Anacostia Georgetown Gas 1 Potom: . & Mt c Wash, Balto. & Afnap. 5s. ‘Washington Gas 5s. Wash. Gas 6s, series A Wash. Gas 6s, series B Wash. Rwy. & Elec. 45 MISCELLANEOUS. Barber & Ross, Inc., 6as Cham.-Vanderbilt Hotel Chevy Chase Club 5%s. . C. Paper Mig. 6s. Pot. ‘Joint Stock Ld. w. Cold Storage 5s. Wash. Cons. Title 6 STOCKS. PUBLIC UTILITY. Amer. Tel. & Telga. Capital Tracticn Co shington S i 3ug8se NATIONAL BANK. National Capital. coln . National Metropoiitan. Riggs Eecond Natlona TRUST COMPANY. American Security & Trust Co. 430 4 Continental Trust. 133% erchants’ Bank : 130 National Savings & Trusi. Union Trust. ... ... Washington & BAVING BANK. Bank of Bethesda.. Commerce & Savin, East Washington. ited States Washington Mechani FIRE INSURANCE. American . Corcoran | Real Estate . Title & Inv. of MISCELLANEQUS. Baher & Ross, Inc., com Chevy Chase Dairy pid Columbia Sand & Gravel pfd. Commercial Natl Co. pid: D. C. Paper Mfg. pfd <. . Securities FPederal Storage pf -American Co. €6in -Amer. pid. . Ref. & Whr. Corp, The Carpel Corp. ... . Wash. Mech. Mtge. com Wash. Medical Bldg. Cor Woodward & Lothrop pfd... Ex_dividend 1Books closed. 31% extra. Unlisted Department. BONDS. Bid. Asked. Army-Nayy Club 5s. .90 . Cosmos Club_ 4! Commercial Club ist Metropolitan Club 4a: Chapia Sack Chapin Sack Chapin Sachs 8% Connecticut Ple C unsey Trust North_Capital S: Northeast Saving: Park Savings Raleigh H ington Title Ins. o Washington Base Ball Club. 45 Woodridge-Langdon Sav. Bank. 20 SHORT-TERM SECU;ITIES. Bid Offer Allis-Chalmers Co. 55 1937 9914 100 Aluminum Co. of Amer. 55 952 100%2 102V, . Rolling Miils 55 1948.... 97 98 Chile Copper Co. 55 Cudahy Packing Co. § Edison El. Montevideo Norway 6148 1953, Orlent dev 6% s Paris-Ly-Med 65. Paris-Ly-Med 7s. Peru 651960, Tokio 638 1961, ..« Utd Kingm 6%s 37, Urugua; Warsaw 78°62..... Yokohama 6s. b L1021 1020 102% 1 91% 91% 9i% 8 9iu 91 91 9 100% 100 100% % 5 2 2 v9 Bl 9 X 9% 891, 89l 15 97 Y64 97 2 109 108k 109 1 101% 110% 111 5 90% 890 80 24 100% 100% 100'% 19 104% 104% 104% 4 1047 J04% 1047 56 111 1105 111 13 118 117% 117% 3 W% KB EbW 40 106% 106% 106% 2 97 970 9Tk TN Si5 854 928 925 1025 102 74U 944l 94 2 102 110235 102% 10214 1 167 % 86 6% 1 100% 100% 100% 2 104% 103% 103' 6 897 8y 8% 7 967 96U Y6™a 2 103% 108% 103% 1 102% 102% 102% 27902% 102% 102 1 88 £8 88 3 101% 101 101 1045 II_);V. 104% 76 167 91% 98 2 103% 103% 103% 2 86 85% 86 5 9% 91% 9% 1 100% 100% 100% 9 8% MU TT% 1 100% 100% 1007 2 W 71 ok 2 100% 100 11 88 7 3 3% 9% 93% 4 95% 941 Yb% 5 107% 106% 107% 25 7% T6% % 3 89 88 3101 101 7 104 103% 104 2 102% 102% 102% 3 103% 103% 103% 1 108% 108% 108% 2 100 100 100 2 % 6% TE% 4 89% 8% B9 16 102% 102% 102% 6 97 96% 97 1 106% 106% 106% b 84% ¥4 84% 2 7% 1% TN 12 96 96 6 MISCELLANEOUS. Ajax-Rubber Alleghany Cp b Alleghany 68 49 wi. AmAgriChem 7%s. Am Chain 6s°33. Am Chem 5%s cv 43 Am Cotton O11 § Am T&Tcv4iss 30 268 AmMT&Tecltrbs... AmMT&TaL6s. ... Am Tel & Tel 638, Am Water Wks b Am Wrtg Pap 6s 47. Arompr&Co414s39. Associated Oli T Bklyn Edison 6s. .. g;ruln-’.l‘d 5%s rets Duquesne 4145 67.. East Cuba Sug 7%8s Fisk Rub3s....... Gen Cable 63%847.. Gen Mot Ag Cor (nland St 4 Inu Match per Int Tel&Teleg 4 Int Tel&Tel 4345 cv Kan City P & L 6 KanG & E 63 6. Ligget&Myers 6s51 Liggett & Myers 7s loew's Ine Lorliliard 6%s. Lou Gas & Ef 63 63. Midvale Steel bs. .. Montana Pow 68 43 Montana Pw deb 53 Mor's&Co 18t 4%4s. Nat Dairy 6%s Nat Radiator 634s. NewEngland Tel 68 N Y Edison 68 44 NYG&EHPGH N Y Telatyn No Am Ex Nor Sta P T&TI1stbs... Paramount 68 1947. Philips Petro 6% s Postal Tel & C6%» Pressed St Car b8 Punta Alegre 7s. RemingtonAr 6s 32 Hem Rnd 548 war. Sinclair Oft Sinclair Ofl 7a. Sinclatr Crude 6, Skelly Ol 6 4. South Bell Tel Stand Ol N J Stand OfI N ¥ 4 Gen. Mot. Accep, Corp. 6s 1937 Gen. Petroleum Corp. 55 1940... 1 dyear T. T e & 7. 58 1947, Sinclair Crude Oil Co. 515 1938 Standard ol Jersey 535 1946 il N. 103 Ir. Mt. & Bo. Ry. bs 1931 1004 Tenn Elec Pow Tex Corp v b Transcontl Ol 6%s United Drug 65 63. U'S Rub 18t rf 6 118 Rub 1% h Pow & Lt bs. . Walworth 6s 45 w Westn Union 6 1, 60 60 100% 101 100% 1003 103 108 2 96% 95% 96% 42 105 103% 1034 4 98 98% 984 9 96 % T8 100% 100% 3 103 108 139% 141% 10315 103 103% 104 106% 106% 100% 100% 71 71 90 90 102 102 104% 104% 105'% 105% i 104% 1047 103% 103% 63 63 9% 95% 0% T0% 100 100 864 36Y% 95 62% 624 106 105 9% 99y 1034 103% 9 94 99% 993 66 66 &5 85 98% 98Y 101% 101% 9% B1% 100 100 101% 101% 103% 103% 2% 92y 97U YTH 97 97 9% 91% 895 89w 93% “4Y% 126 127 103 103 105% 105% Bl% Kln w2 102 s 18 102% 102% 86% BT 102% 102% 100% 100% 101% 1013% 99% 9v% B1% 13 100% 2 103% ~ aSammRwa-mana~ - 543 runeRoNant anEe - comarmanSu-asdiricamE R anNE A - 101% 101% 10514 105% 102 102 997 101% 101% 102 102 100% 100% 09 WYY 87 m 103 103 102 102 THE EVENING STAR., WASHINGTON, D. C., ‘SATURDAY, DECEMBER 14, 1929 Direct teo Westn Unlon 6%s. Wick-Spen ev 7 Wilson & Co 1st Win RepeatAr 7%s Ann Arbor 4s Atchison gen Atch deb 438 Atl & Dan 2d 48 B&OCY4%m... B&OTLbS.... B & O 63 2000 D. B&O rtimp B&O PLEWY B&OSW 6860 Boston & Maine Brdway & 7th A Brooklyn Elev 64 Bklyn Manh Buff R & P1 Can Nat 4 %s 67, Can Nat 4348 68.... Canada Natl bs Can Nor is. Can Pac 4%846.... Cent of Ga osC 69. . Ches & U Corpn 68, Ches& O cv 4%4s. .. Ches& O 4% s Y3 A, Ches & O gen 4% CB&Q1strtb Chi&ls 1Li gn 68 61. . Chi Gt West 48 6Y. . Chi Ind&L ret bs CM&StPGensy. . Chi MISP&PacosTs 12 CMSP&Pac ad)bsos 162 Chi & NW ref b Chi& W ind cn C& W 15%862 Clev Term b: Colo & Sou 4 Cuba Nor 6% ct Del & Hud 18t rt Del & Hud 548, Erlecv 68 67.... Fla EastCbs 74. Gr Trunk st db §s. GtNor 4%s E. Gulf Mo 5s B 50 Hud & Manaj Hud&Man 111 Cent ref 48, . 111-C-C-StL&NO 68 Int Rapid Trans bs. Int Rap Tr b8 stpd.. Int Rapld Trans 6 Int & G Nor bs 195 Int & G Nor Int RysCA Int RysC A Sales. High. Lo 2109 1 [ wew o BONDSmoee saawa] (TURKEY SUPPLIES w. Close. 109 29 99% 102 1007 Close. KER 94 132 54 99 102 1014 lowa Cent 1s KanCity 83 Kan City Term Lake Shore Lenl Val cn Louls & Nash 7s... Man Ry 1st 48 90... Mil El Ry & L bs Minn & StL ref Mo Pacific g eve. Mob &0 4%877.... Nat Ry Mex 4 77.., &M C&StL6%s B, NY NH & H ¢3°'56. . NH NH&Hart 4% NY NH&H ov db 68 NY NH&Hart clt 62 NYRy6sA6s NYState Ry 6%48 63 NYW&Bdys. Norfolk & W en ¢ Nor Pac 38 2047, e e O AR D G EOALaNG RORHREN S ARG BEN AN S Penna gen ¢ 4. Penna 4%s 63. Penna bs 64 Penna 6% Penna gols Port RL&P PortEIP L Reading gen 4348 A R10 G West cl 4. RIATK& L 4%s... St IM&S gn bs 31, StL IM&S R&G ¢ SIL&SFples A, SIL&SF 44878, StL&SF prinbs. St L&S F gen 6s31. StLS Wcones32.. StL S W 68 52, . StP & KCShL ¢%s. St P Un Dep bs.... 11 Seab AL ref 4s. Seap AL adj 68 49.. Seab AL con ¢s.... SBAllFla6s3bA. Sou Pac elt - 974 83 9it 100% 95% 88 90% 101% 1007 » 9 S~ SRR SR P SPS: TUTo- S Tex Ark F'S 5% 8 60 Texas & Pacific )st. Tex & Pac 68 C79.. Third Ave ref 45 60. Third Avead) bs. .. Tol St L& W 45 50. Ulstr&Del 6528 sta 4 105% 99 H0% 102% 1015 Went Md 6%s 77 West Shore 4s 61 Wis Cent gn 4s 4! MASKS REPLACE PHOTOS. English Artist Has Made Likeness of Bernard Shaw. LONDON (N.AN.A.).—The latest idea now is not to have your photograph taken, but to have a mask of yourself made in papier-mache and hung on the wall, tilted at such an angle that at night it can be illuminated by con- cealed lights that will shine through the mouth and eyes, The originator of this idea is Miss Gladys Marloe, the singer, who in p vate life is Mrs. Alan Scrutton, a daugh- ter-in-law of Lord Justice Scrutton. Mrs, Scrutton makes the masks herself, working almost entirely from photo- graphs of her subjects and then having one sitting when the work, is nearly i done. She hopes soon to miake masks of porcelain and painted glass, and she also paints portraits on_lampshades. Among Mrs. Scruttoffyclients is Miss Joan Sutherland, the noVelist, who has had masks made of her four children, and one of the most successful of her recent portraits is one of Bernard Shaw. This portrays him in puckish mood. Greece Shows Treasury Balance. : ATHENS, (#).—The Greek budget for 1930 shows a balance of $113,815, de- spite diminished taxation and increased expense for national hygiene. The naval and military estimates total $22,225,812. REACHIG HARKET Question of Prices Arises as Merchants Prepare for Holiday Trade. Everybody about the wholesale market [d)strlct this morning was talking about the possibilities of the Christmas trading in the king of the barnyard fowls. Some had experienced losses during the recent Thanksgiving holiday season, and were anxious to avoid a repetition of that experience, while those who had come out ahead of the trading were again making efi@ts to play safe. It was generally admitted that prices which will prevail probably will not be definitely determined until the latter part of next week, when chain stores make their announcements, their an- nouncements having virtually determined prices the past several holiday seasons. Quoting a price of 39 cents a pound by chain stores just before the heavy trading for the Thanksgiying holiday season came to many local wholesalers | as a surprise, the latter not having | anticipated anything much under 42 | cents, and wholesalers this morning | were counting on the Christmas prices | being every bit as low, with a possibility of their going even lower. Turkey Supplies. Nearby turkey raisers this week con- tinued to send in supplies of live turkeys to be handled by wholesalers, some few shipments of dressed stock also being | received. Prices changed several times during the course of the week, each time to the advantage of the consumer, according to reports of dealers. “What prices will prevail at the! Christmas holiday season,” commented | a wholesaler this morning, “cannot be told at this time. Every bit of informa- | tion thus far received is indicative of | a cheap market the next 10 days.” “Farmers still are reluctant to sell turkeys at prevailing prices,” was stated | in a recent Government report from | San Antonio, Tex., “and deliveries oI live birds are somewhat light.” It was stated in the report that buy- ing, prices, deliveries made at dressing plants, were about 17 and 18 cents for No. 1 hens and toms. The demand for dressed stock was active, the market being firm and slightly higher. Fort Worth, Tex., reports told of prices sub- stantially the same as reports from San’ Antonjo. Old toms were quoted at 15 and No. 2s at 10 cents, delivered at dressing plants. Increased receipts of chickens the past few days resulted in a weakeniug of the market and lowering of prices Dealers also reported receipts of in- creased quantities of ducks and keats, prices for them not undergoing any material change. Receipts of most varieties of foodstuffs offered the trade this morning were reported fairly heavy, dealers having supplies of everything in the line of food to more than meet demands of re- taillers at prices about the same as prices quoted yesterday. Today's Wholesale Prices—Jobbers’ Prices Slightly Higher. Butter—One-pound prints, 40}5a41%2; tub, 3912840 store packed, 30a32. Eggs—Hennery, 55a58; fresh gelected, 53a54; current receipts, 48a50. Poultry, alive—Turkeys, young hens | and toms, 28a30; old toms, 26a27; Spring chickens, large, 24a25; medium, 23a24; broilers, 28a30; Leghorns, 22a23; fowls, 25826; roosters, 20; ducks, 15a20. Dressed—Turkeys, young hens and toms, 36a37; old toms, 33a34; Spring chickens, large, 32a33; medium, 32a33; broilers, 35a36; Leghorns, 28a30; fowls, 28a30; ducks, 28a30; roosters, 23a25; capons, 40a45; keats, 70a80. Meats — Beef, 20a22; veal lamb, 24a27; pork loins, 22a2! fresh shoulders, 18a22; in packages, 12. Live stock — Calves, 15; lambs, 127 3. While practically every dealer about the wholesale district this morning dis- played an interest in the turkey situa- tion, much interest also was displayed in the butter and egg market. A slight al drop in egg prices Thursday is taken to indicate that the anticipated material drop before Christmas may yet ma- terialize. cents the past two days, according to re- ports of dealers, and still further de- clines are expected. Numerous changes local dealers the past month or more. Price of store packed butter also has decreased, but receipts of such butter continue light. ful receipt this morning, displays at- tracting the attention of retailers. On of the vegetables grown in this section, including_ both varieties of potatoes, cabbage, lettuce, onions, radishes, par- squash. Wet weather the past few days inter- fered with the gathering of vegetables in nearby Maryland, Virginia and the District, but receipts have continued fairly heavy since the ice disappeared. Kale, spinach and cabbage prices were much cheaper this morning than during the cold weather earlier in the week. Apple Supplies. , Dealers on the farmers' line also had quantities of apples from Maryland and Virginia, few windfalls being offered as low as $1.25 a bushel basket. Better grades were offered around $1.50 and $1.75 a basket. Many of the windfalls had been put through presses, and the cider offered in their stead. The cider gallon, On the north side of B street, op- posite the farmers' line, commission merchants had their usual attractive supplies of both fruits and vegetables, both commodities expect>d to be in de- mand for the approaching holiday sea- son. Extra large strawberries, product of Florida growers, led the fruit market, attracting unusual attention. They came in such plentiful supplies priccs dropped several days ago, deal- ers this morning selling quart boxes around 75 cents and pint boxes around 40 cents. Grapes, pears and persim- mons were among other fruits to claim attention of retailes Moderate recei) of apples this morning were reported. Virginia Yorks were quoted at $4.50 and $5 a barrel, bushel baskets of other apples selling from $1.50 to $2.50. Box stock from Washington sold around $3.75. Bananas were reported plentiful and cheap, supplies not moving very fast. Dealers reported sales slow at $1.25 for nine-hand bunches. Oranges were re- ported fairly plentiful and receipts of grapefruit were heavy enough to meet demands. Shipped-in vegetables offered by com- sion merchants included celery, onions, cabbage, caulifiower, tomatoes, cucum- bers, eggplant, squash, peas, lima beans, varieties, okra, potatoes beets, «carrots, of both lettuce and Marine Products. meat and meat products to the trade this morning. It is expected that sales of meats will continue fairly heavy until consumers register a_demand for the king of the barn yard fowls. There was the usual demand for marine products for the week-end trade registered this morning, both fish and oysters being in demand. Oysters con- tinued in fairly light receipts, with prices slightly advanced over prices of a week ago, and there also was a fair demand for crabmeat, shrimp, lobsters and scallops reported. INVESTMENT COMPANIES WILL BE CONSOLIDATED Special Dispatch to The Star. BALTIMORE, December 14—Tri- Continental Corporation and Tri-Con- tinental Allied Co., Inc., closely affiliated investment companies and both chart- ered under the laws of Maryland, will be consolidated into a single new' cor- poration under the name of Tri-Con- tinental Corporation, it has been de- cided by the directors, subject to~the approvai of stockholders. Special meet- ings_of stockholdérs have been called for December 27 to approve the plan. Stockholders of record December 16 will be entitled to vote. The meetings will be held in Baltimore. G Outstanding_capitalization will con- sist of $43,365,000 of 6 per cent pre- ferred stock, par value $100, similar in its provisions to the present preferred issues, 2,020,150 shares of common stock without par value, and detached warrants to purchase 1,008,650 shares of common stock at any time without limit at $22.50 a share, The present capitalization of each of the corpora- stock, with warrants and 1,000,000 shares of common stock. The two cor- porations together have issued warrants to purchase 1,575,000 shares of com- mon stock. SAFE HARBOR PROJECT ‘PLANS ARE AWAITED Special Dispatch to The Star. *BALTIMORE, December 14.—The financial districts await with consid- erable interest details of the plan for financing the Safe Harbor power de- velopment on the Susquehanna River, about nine miles up stream from the present steam and hydro stations of the Pennsylvania Water and Power Co. The Safe Harbor project is being carried out by the Safe Harbor Power Corporation, subsidiary of the Pennsyl- vania Water and Power Co. It will cost $30,000,000, and it is expected that it will be ready for operation in about two and a half years. Up to this time there has been no inkling as to the form of financing the new development, and it is not expected the plan will be announced until the tions consists of $25,000,000 of preferred |early part of 1930. Another Boll Weevil In a small Southern town there is a monument standing in the yil- lage square with an inscription dedicating the stone to the Boll Weevil, Destroyer of Cotton. When this catastrophe first came to the Southern planters they had been struggling for years to make a living out of cotton but its com- ing forced them to plant ot‘per forms of produce. The high prices of these crops put money into their purses and they thus honor the boll weevil for their prosperity. Actual ‘disaster often starts people on the right track, espe- cially in finance. Those investors who have gone through a disas- trous period during the last fort- night may well take an exampie from the Southern farmers and start anew in the investment field. You, as well as other investors, should diversify your investment and keep a portion of it safe in the -First Mortgages sold through Swartzell, Rheem and Hensey Company. For more than sixty years these notes have been safe and their rate of interest, 6%, is liberal and steady. There is this lesson for you in the monument Butter prices also declined several | in butter prices have been reported byr Fruits and vegetables were in plenti- | the farmers’ line were quantities of most | snips, turnips, kale, spinach, beets and | this morning sold at 50 and 60 cents a | that | string beans, | Meat packers offered all varieties of; James Dye, aged 70, who began work on a farm at Pentney, England, when thh' was 7, is still an active worker ere. to the Boll Weevil. SWARTZELL, RHEEM & HENSEY CoO. MORTGAGE BANKERS 727 15 STREET N.W./ WASHINGTON D.C. FINANCIAL. It Pays Owners— Contrast our management with what it will gain for you in absence of worry and increased return, and you'll place your properties—especially apart- ment houses—under our charge. More Than @ Third of a Century's Ezperience Natl. 2100 Deposits Invited 1 in . T Amount _.i‘Ei@fimu i B. F. Saul Co. Fif?fesnlh Same Rate of Interest Paid on Large and Sm: Accounts il Ty A Gift for Yourself BANK Account for yourself is a practical Christmas suggestion. Added to every pay- day, it'll insure you against misfortune, as well as prepare you for opportunity. | Payday’s here—could you have a more oppor- tune time to get your bank account under way? Open Until 5:30 P.M. December 16th to Accommodate Payday Depositors 5 OFFICERS: WILLIAM D. HOOVER, President. WOODBURY BLAIR, 1st V. Pres. FRANK W. STONE, V. P FRANK STETSON, Trust Offe: CHAS. C. LAMBORN, Treasurer, E. PERCIVAL WILSON, Seeretary. FRANK R. ULLMER, Asst. . BRUCE BAIRD: Assi. ‘T, Offcer. DAVID BORNET, A JOHN W. CALVER: W. HILES PARDOE. A: ALEXANDER J. FANT, JOHN M. BOTELER, As AUDLEY A. P. SAVAGE, HARLEY DIRECTORS: JAMES J. BECKER WOODBURY BLAIR M. A. H. WALTER_C. H. ROZIER ANKLIN H. ELLI CHURCH .. CLEPHANE DULANY, Jr. B P. WILSON National Savings & Trust Co. Oldest-Savings Institution in the District of Columbia 63d Year Capital and Surplus, $3,500,000 Cor. 15th and New York Ave. In New York it’s the old Waldorf Astoria site*- in Washington, the old Shoreham site. Both Nationally Krfiywn Both Nationally Remembered THE SHOREHAM BUILDING eAn Address of Distinction More ‘lean Sixty Per Cent of the Space Already Leased Let our. representative help you to design your suite. A telephone call will permit us to show you the available space remaining and to acquaint you with the character of your neighbors. TERRY B. SIMMS Special Leasing Agent Office in Building The name “*Shorcham Building” is a mark. of distinction on your stationery Phone District 3830 Now Ready for Occypancy i THERE is no other office building in Washington offering the combined advantages of location, - equipment, service, ventilation, daylight, quiet and the character of tenants whe have made it possible for the building to open with