Evening Star Newspaper, December 22, 1929, Page 80

NEW YORK BANK | “STOCKS UP 28PCT High. 99.31 100.00 | 101.00 Substantial Gains From Low Levels of November in 37 Different Issues. 8pecial Dispatch 16 The Star. NEW YORK, December 21.—Current | quotations of 37 leading New York City | bank on the average are DOW | selling approximately 28 per cent above the low levels reached during the break of November, accor to a-compilation of Gilbert Ellott & Co. At the high levels of the year to date the average for the 37 issues was $886 a share, while in Novem- ber the average mg’p«i to $438 a share. On the recovery following the November break, however, the averagss advanced to the current levels of about $560. A compilation covering 20 of the lead- ing stocks shows that on the average these issues are now selling at about 2.28 times their book value, and at about 20.4 times current earnings. Based upon current dividends thes: stocks yield on an aversge about 2.78 por ceont. Comparative figures on 20 leading New York City bank stocks follow: Approx. Per Share Current Price. Earnings. ¥ield. $1 39.00° 3.329 700 140 200 00 330 157 115 3 27 185 85 k31 G Baltimore Markets | Bpecial Dispatch to The Star. BALTIMORE, Md., December 21.— Due to the cold weather prevailing to- day, as well as to the lower prices, de- mand for both live and dressed poultry has been greatly stimulated, and, while values are slightly higher, the demand is expected to continue good right up to Christmas. Shippers should be care- ful, however, not to ship anything to arrive later than Tuesday morning, as all markets will be closed Christmas, and with no outlet all perishable goods are likely to be a total loss. Demand is to continue good for New Year, and unless there is a change in the weather hbenlwshlpmenu n: Shippers should be eca that all animal heat is out of the before shipping, and only choice fat mwe nds and over should be shi; ive turkeys eight pounds and over show an advance of 4 and 5 at 32 and 33 cents, but crooked , s well as old foms, not 80 desirable, at 23 to 25. Colored Spring chickens four pounds and over in good demand at 24 and 25, but smaller will not bring over 20 to 22, while Leghorns sell mostly 19 and 20, as to size. ©ld hens 0 only limited demand and market, is and lower at 18 to 24 for stock ghing 32 pounds and over, but Leghorng will not bring over 18 to 20, while all poor, thin fowl is neg- lected at 17 and 18. dmrkt“lrfodr duckds and geese steady, under a fair demand, for large fat stock, at 20 to 24 for the former and 20 to 25 for the latter, but less Ty. reful, however, body Dressed Poultry. = Dressed in light receipt so ly t;{ee to fancy stock will & premium over live stock at the following quotations: Choice to fancy young turkeys, 32 to 34; fair to good, 23 to 30; old toms and hens, 23 to 25, and poor and crooked breasts, 23 to 25; choice young chickens, 24 and 25; old and mixed, 23 and 24, and old roosters, 18 :;r 20; ducks, 22 to 25, and geese, 25. Eggs from native and nearby points continue in light receipt and despite the advance in price market holds firm, all le stock meeting with pt ‘sale at full values. Careful is necessary, however, to bring 28 some mlvnlth;n m ‘pullet eggs and this class o not bring top prices. The closed today at 56 to 58 cents ery white firsts; 54 for firsts and 45 to 48 for pullets, while ts sell 43 to 45, but small, as well as culls will not over 25 to 30. Vegetable Prices. potatoes in moderate receipt and the market holds to 4.00 a barrel for No. .50 to 3.00 for ungraded, tatoes generally slow sale .00. Sack potatoes moving barrel lots at 1.75 to 2.50 pounds. Swcet potatoes and also in moderate receipt and market steady at 2.25 to 2.75 a barrel for the former and 2.00 to 2.75 for the latter, but ungraded stock will not bring over 1.50 to 2.00, with bushel hampers holding mostly 75 to 1.35 as to size and quality Native and nearby garden truck in ral receipts and while demand is fairly good prices are mostly in buyers’ favor at the following quotations: Savoy cabbage, 30 to 50 basket; carrots, 2.00 and 3.00 100; kale, 35 to 40, bushel and 1.00 to 1.25, barrel; onions, 1.75 to 2.00 r 100 pounds, parsnips, 50 to 65 et; spinach, 50 to 75 bushel, and turnips, 25 to 35 hamper. Live Stock Market. The general live cattle market holds steady under light receipts, especially of first quality stock, most of the ar- rivals on the wharves and at the stock yards being of common to ordinary stock. - Fancy Spring lambs in light receipt and in some cases will bring a- premium over quotations, but old sheep gerterally slow sale and hard to. place at any price when clipped. Quota- tions today at Light Street Wharf: Beef cattle, first quality, pound, 10 to 11; common to medium, 8 to 9; bulls, as to quality, 7 to 9; cows, choice to IIMY,% to 7; common to fair, 4 to 5; oxen, as to quality, 7 to 8; calves, veal choice, 15; large, fat, 14; large, rough, 10% to 12; rough and common, 6 to 7. Sheep, choice, 2 to 5; old bucks, 3 to 4; Spring lambs, fancy, 12 to 12';; choice, 10% to 11. Hogs, straight, 9 to 9%: sows, 8 to 9; live pigs, 10 to 15; shoats, 10 to 12. ‘With the close of the season at hand, coupled with light receipts, market for rabbits holds very firm and values higher at 350 to 450 a dozen for choice, and 1.25 to 2.00 for fair to good. | Shippers are advised that the season closes on December 31 and no rabbits | should be shipped to arrive later, as it is unlawful to receive on consignment or offer for sale any rabbits after this date. Closing Grain Prices. Settling prices on grain—Wheat, No 2.-red Winter, spot, 1.22%3; No. 2 red ‘Winter, garlicky, spot, 1.21%; Decem- 112; January delivery, yellow domestic, spot, , 4.60a4.75 per barrel; white domestic, spot, 56a white domestic, spot, 55a 00. e ‘To' relieve the housing shortage in Mescow, . Russia, extensive concrete epertment buildings are. being erected. - 97 105 9% 100% 91 101% 98 | 100.04 | 100.03 105.26 108.24 112.23 107.2 107.6 110.26 1115 ia 6 100% Austria 7543 83% Bank of Chile 6% k of Chile 6% s 196 Belgium 6s 5! 116% 112% Belgium 7%s 45, 111% 107% Belglum 8: 9% 64 4 Bolivia 7s ct ‘69, 1056% 100 Canada bs 5. 94 11 101% 104% 101% Denmark 6= .. 104% 101% Dutch East indte: 104 101 111 19 108 92% 87% 98 97% 103 104% 2274 814 96 104% 106% 99% 104% 100 884 85% 96% 120 12 185 122% 97 2 Chile Republic 106%" Czechoslovakia 88 98% Denmark 61 s o585 101 Dutch East Indles 65°62. . 93 Finland 7s ‘5 105% French 7s'49. 109% French 7148°41 102 German 78"49.. 80 German Bank 6: 76% Greek 6s 1968 95 Irish Free State 5 92 Italy 78°51, 98% Japanese 614 85% Kreuger&Toll 6sct wi ‘69 10 Mexico 45 1904-54 Pex srgs #ef 117% 4 106 85 JIL+ll4+++ 141414 SEFEE F2R 28R U kbl 70 Serbs, Croats&s| ‘79% Serbs Croats Slov 101% Sweden 6s'39 100 Swiss53%s 4 95% Toho Elec Pw! 101% Utd Kingdom 6 94 Uruguay 6s 80% Vienna 6s 1952 67 Warsaw 7s 19 89% Yokoham: 938% Abram.& Straus 53%5'43.. 102% $e0e. 95 Am1GChm 5%s 1949 88 Am International 53s 49 64% Am Natural Gas 6%4s"42.. 98 AmSm & Ref 60 East Cuba Sug 73%s'37, 94% General Cable 5% 5 1947 Goodyear Rubber 55 1957. 98 Humble Oll & R5%# 32 % 86% Kendall 535 '48 (wi 96 Lackawanna Steel 99% Laclede Gas b%. 98 Liggett & Myers 53 96 Loe 38 Inc 9 7. Manat! Sugars £7 97 Midvale Steel Montana Power Ed 97% Northern States Power 99 Pacific Gas & Elec 53°42 Philips Petrolm 638 °39.. 88Y% Postal Tel & Cable bs ‘3. 88 Remington-Rand 98 Sinelair Of1 68 '30. 96% Sinclair Oil 7837, 923 Sinclair Crude Oll §% 89% Sinclair Pipe Line 5i 101 Southwesn Bell Tel 100 Stand OfLN J 68, 91% Stand Ol N Y 4% 58 Sugar Est Orl 88 Tenn Coppel = 92 Transcon Ofl 6%s '38. 87 United Drug b 80% U S Rubber 1st 964 U S Rubber 7% 30, 95 Utah Power & Light 6 86% Utilities P& L 5%8°47... 83% Walworth 6845 85% Walworth 6% 88 86% 2 -1% ~1% Western Unfon Tel 6% Wilson & Co 1st 634 Youngstown Steel 55 '78. . RAILROAD. Atch To &S Fead, Atch T& S I gen 4s Atch,To & San F 4% "¢ 4 Atiantic C L 1st 45 °52. ... 434864 D Balto & Ohio 55 48. Balto & Ohio 6s°95. B&OPItLE& W B&OS W Divis 50 s Broadwy & Tth Av b8 Brooklyn Manhat 1st 6 Canadian Natl 4%s Canadian Natl 4%s ‘67 Canadian Pacific deb 4s. Central Pacific 48'49 Central Pacific 55 196 Chesapeake Corp bs ‘47 & Ohiocv 4%s '3 Ches & Ohio 4%8°93 A ChiB&Q4%s B'77. Chi B& Q ref 5s°71 Chi & East 111 gen Chi Great West 4 ChiMStP&P6s'75 ChiIMStP&P 4 Chi&N W 6%s Chicago North Chicago Rys bs Chi'R1& Pac ref Chi RI& Pac4%sw.i. Chi Unilon Station 4%s. % Chi Union Statlon 63s. .. 113% 90% 101% 100% 99% 108% Ch} & Western Ind con 4s. Chi & Wesern Ind 6% '62. CCC&StL5SD,....... Cleveland Terml 55 B '73. Cleve Terminal 6%s. Colo & Sou ref 4148 '35... Cuba R R 6s 52 Cuba North 5%s ‘42 Del & Hudson 5%s '37. Den & R G West 55 '565. Den&Rio Gr Westn 5s'78. Des M & Ft Dodge 4s'35. . Detroit United 4%s Erleref 5s Florida last FondaJ&G 4% Grand Trunk s f deb Grand Trunk 0 Great North gen 5% Great North gen 7s Havana Elec Ry 63s. . Hudson & Man adj 55 ‘6 Hud & Man ref 55°'67. . 1llinots Central ref 4s '55. [1linols Central 4% Inter Rapld Tran 6s Inter Rap Tr 6s sta . Inter Rapid Trans 6s'32., Inter Rapld Trancv 7. Inter & Great Nor adj 6: Inter Ry Cent Am 6% lowa Cent ref 4s '51.. . Kan City South 38 1950 . Kan City South 58 '50. Kan City Ter 1st 48760... Lake Shore 45 '31.. Lehigh Valley cn 4s 200: Louls & Nash unf 4s "40 Louis& Nash 7s, 1930, Market Street Ry 7s A *40 Mil El Ry & Lt 1st Minn & St L ref 95 100% 8844 98% Mo Kan & Tex adj 58 °67. . Mo Kan & Téx prin 5s A. Mo Paclfic gen 45'75. .. .. Missouri Pacific 8 A 65 o Pactfic 6s . ... Missour! Pacific 5 G Mobile & Ohio 4 %8 '77. Nassau El 4s ‘51 101% 99% North Pacific 3s 204 North Pacific 4597 North Pacific North Pacificr | Ore Wash 1st ref 4s 1961 Penna cn 4%s 1960 4 Penn gen 418 65 113% 90% 100% Pennsylvania Reading 4%s'97..,. Rio Grand West col RIATk& L 4%s8'34... StL Iron Mt gen bs 1931 StLIM&SR&G4'33 StL&SF prin 4s A 50 StL&ESF 4%s StL & San Fran 6s St Louis S W con 4s '32. StPKCSLine4%s 41 Seaboard A L ref 4s '59. Seaboard A L adj 68"49 Seaboard A L con 6s 45 South Pacific col 4s°49. South Paclfic ref 4s°55. .. Southern Pacific 4%s "68. Southern Ry gen 4s ‘5 Southern Ry Ist bs Southn Rw? gen 6s 1956. Bouthern Ry dev 6%s "66. ‘Third Ave 1st ref 4s °60 Third Ave adj & Ulster & Del 55 °28 Union Pacifio Union Pacific 4 Union Pacific ref Virginta Ry 1 2 Va Ry & Power bs' Wabash 4%s 1978 Wabash 1st 5839, Wabash 5s B 19 Wabash 5%s'76. 100% 98 8215 96 ] Lt EFREFFER FEEFR N s 14+ Regular officer was represented as being S RyFe 141 @ FER ¥ * = TVEHI+0 1) 14+ + (Continued From Sixth Page.) Net cny Ward Baking B. Wara Baking pf Warner Bros Ple (4 Warner Bros P pf (2.20) Warner Quinian (2) Warren Bros 193 s..... 1 Warren Fdy & Pipe (2). Webster-Eisenlobr. Wesson Ofl & Snow (2) 4\ Wesson Oll & Sn pt (4) Western Dairy A (4). Western Dairy B. Western Maryland. 4 Western Md 2d pf. Western Pacific. . Western Pucific pf. Western Union Tel (8). Westinghouse Alr B (2) Westingr.ouse E & M(5) Weston Elec Inst (1)... West Vaco Chicrine2). Wextark Radfo (¢2). ... cagle (3). .. White Motors (2) - White Rock Mim Sp (14) White Sewing Machine. . W 12% Wilcox Rich B (e2)..... 18% x18% — 24 High, Low. 35 5! Worthngton Pump A(7) Wright Aero (2). . Wrigley Wm (4). Ydle & Towne (15) Yellow Truck & Co Young Spring (3) Youngston Sheet 4 Zenith Radlo (2)....... RIGHTS—EXPIRE. Am Rolling Mill.Feb 156 Bucyrus Erfe. ... Dec 30 Columbn Carbon Nov 8. Det Edison‘Dec 23...... N Y Central.....Jan 31 Pennsylvania R R (rts) . 4 Peoples Gas & C.Jan 15 Reynolds Spr....Jan 24 Utd Gas Improv, Dec 31. % 18 5% 34 13% % 1% 1 (RN R NN 2 3 W Dividend rates as given In the above table are the annuai cash ‘Oayments based on the Iatest quarterly or ha *Unit % in stock. s Paid fast in_stock. { Plus 10% in stock. k Plus 1%% s share in stock. o Plus 3% in 1/25 of = share in stock. . of trading less than 160 shares. §Plus 83 In preferred stock. year—no regular rate. ble in stock. d Payable when earned e Pay in cash in stock. g Plus 6% In stock. h Partly stock. 1Partly extr The Siindsy Sta: is the only Sundsy newspaper in' Washington carry- | ing the complete curb market summary. Why wait until Monday? early declarations 1Plus Plus 3/25 1n_stock. © Plus 5% or_stock. 1 Plus 3% | 4y stock. m Plus | pOtt * | development. :lrespect to the +| training is_carried y" conducted by Capt. F. P. S 4 Members of the 1st Battalion, United States Naval Reserves of the District of Columbia, will hear on January 27, next, the lecture of Comdr. Lucius C. Dunn, United States Navy, on “The United States Navy and the Monroe Doctrine,” | covering the service for a period of 106 years. This lecture is said to be one of the most interesting ever delivered on | the Navy, and it is said treats the sub- ject of naval power exhaustively, It is to_be illustrated by stereopticon slides. Lieut. Comdr. Finney Bascom Smith, commanding the battalion, said that 1.= considered the organization very for- tunate in being able to obtain the con- sent of Comdr. Dunn .5 deliver the lecture to the battalion. However, the deeply interested in the Reserve and its For the purpose of encouraging men to take considerable interest in splicing lines and tying knots, a prize has been offered for the seaman who does this { work the best. The time for the award or other conditions has not been made public, but it is pointed out that knot- ting and splicing of lines was one of the most important subjects in the early training of a seaman. Considerable time is allotted in the drill schedule for this training, and the men are care- fully instructec by the boatswain and his mates. ‘The local chapter of the United States Naval Reserve Officers’ Association at a meeting held at the Reserve armory last Monday night elected Comdr. Smith a delegate to the national convention of the organization to be held here shortly after the first of the year. Lieut. Cole- man was named as an alternate. ‘There was considerable discussion of matters to be brought up by the local delegates at the convention, one of the most important of which, from the Re- serve standpoint, is the matter of changing the present method of target practice. The Regular service now has one method, while: the Reserve is held to another, it was pointed out. It is now the desire of certain of the Re- serve officers to have the reservists fire under the same conditions as required purpose of better comparing them. The Reserve has been trained under the present method for a number of years now, it was pointed out; as a matter of fact, since the reorganization subsequent to the conclusion of the World War hostilities. It was asserted that under this preliminary work the reservists have reached a high state of proficiency which should warrant the Regular Navy authorities in changing Officers say that if the reserves are called to the colors in case of emer- gency they must meet the same condi- tions as those already in the Regular of the Regular establishment for the |to the Reserve target practice system. |s; cstablishment, and therefore they should have the benefit of the same Of interest to every Air Corps Re- serve officer residing in the District i of . Columbia are the instructions is- sued last week by Maj. Gen. C. H. Bridges, the ad- jutant general of the Army, with placing of Afir Corps Reserve offi- cers on extended active duty with a tactical unit of that corps. This cextended active out for t:le dual purpose of carry- ing out the pro- visions of the Army Corps’ five-year program and to further train a selected nglmber of these officers. Due to incompete data it is possible that in rare msuncl:: med mrmmm‘g whose flying ability has deter! such an’ extent that it is not possible to revivify it with a short refresher flying course will be placed on such active duty. No Reserve officer will be | assigned to this duty unless it is shown that he has had considerable recent flying experience and it is believed that all officers thus assigned should be able to fly service type equipment with a minimum of 10 hours transition fly- ing. The fact that a Reserve er has been granted a tour of active duty does not necessarily mean that such officer must be retalned for the full period of such duty, if, after a short refresher course in flying, it is found that he is not susceptible to becoming fully capable of per(ormln¥ all of flying. In view of the limited fly- ing equipment available with tactical organizations of the Air Corps all Re- serve officers who do not qualify after the amount of transition flying will be reported, through the corps area com- mander, with recommendation as to whether or not they should be relieved from active duty. District of Columbia Field Artillery Reserve officers will assemble at the Fort Myer riding hall today at 9 o'clock under th> supervision of Maj. John M. McDowell. Local Reserve omcersmor clhe“ " judc: advocate general’s department will mee! at Reserve headquarters in the Ox- ford Hotel Building tomorrow evening. This conference, which will be the last one held until January s,w will be Plans for the division training of the 80th Division, of which Washington Reserve units are a part, call for tactical exercises of the division, the best avail- able site for which is Fort George G. Meade, Md. This will apply to In- fantry’ regiments and fleld officers of Artillery and Engineers. It is believed that the period August 3 to 16 will be the most suitable for the exercises at Fort Meade. To carry out the exercises steps will be instituted to provide for.a set of ucmnlhexem%elsw '%e‘fl%uf}-‘-e topography of the Fort Mea 5 lnpogerngnyl, these will be formulated in two sets of exercises, one for the | more advanced officers and the other for subalterns and those who have not | had tactical experience fitting them to solve higher problems. Problems will be set up that will meet the re- quirements of both such classes of officers. As the Engineer and Artillery regi- ments were ordered to active duty in 1929, they will not be so ordered for duty as upits in 1930, but individual officers who may apply for active duty at Forts Humphreys and Hoyle will be ordered there to the extent they can be accommodated, the Engineer officers during the months of July and August, ; and the Artillery officers at some period in August. In case officers should be assigned to the 315th Field Artillery they can be sent to Tobyhanna, Pa., at some period for duty with the 16th Field Artillery Brigade and with a National Guard 155th regiment. The matter of training division train officers is not yet settled. Medical officers can b2 accommodated at Carlisle Barracks during the period of July 6 to 19, 1930, I Organized Reserves It is anticipated that offigers of the will be sent to the 1st Ammunition Train at Fort Hoyle, Md., at some period during July or August. The pro- gram for the tactical exercises will be arranged as promptly as possible and put in the hands of the instructors and Reserve officers of 80th Division units for study during the inactive period, so that by the time the inactive instruc- nal period is over next June, all e officers of the various arms and services will be thoroughly familiar with the program for the tactical exercises. ‘Washington Reserve headquarters an- nounced last week m‘muo'“mg chnn‘lnu Vin the assignments of local Reserve officers: The following have been placed on the emergency officers’ retf list;, f . Ammunition Train desiring active duty || DG Na\}al Reserve 1 , 80 that if a call should come | ~.-uld be fully ed. ‘The change suggested, it was said, involved the towing of targets to the range by tugs, and this has been the| lar establishments has d to deal with. The Reserves now ! furnish their own targets, small nffairs which do not give a real determination ! of the effectiveness of the fire. In the case of the large targets, it was said, the gunners have to hit the target in order to score, while in the Reserve practice any shot within a certain dis- tance of the target counts. Those fa- miliar with Reserve training point out further that the Reservists would get considerably more out of the practice if they had a target in which they could see the result of their firing, rather than getting it from mathematical cal- culation, The local battalion furnished six gun crews for target practice during the an- nual cruises last year, and it was said that four of them obtained a perfect score, wi the other two were very close. ‘This, it was pointed out, clearly indicates that the citizen sailors are ready for promotion to the Regular es- tablishment’s methods. Another matter, considered very im- portant to the enlisted personnel from a standpoint of morale, is the matter of wearing the red “hash marks.” These are red dil"oml stripes across the sleeves of enl! the Regular establishment, many enlistments the man wearing them has served. It was sald that those in the Regular establishment oppose T:vimmm of these marks by the Re- s However, it was pointed out at the Navy Department, the uniforms of the Reservists, in other respects, must conform strictly to the naval require- ments, and there is no valid rezson why the “hash mark” should not be in- cluded. It was pointed out that a naval reservist is just as proud of his long service‘and is as anxi to show it as the man in the Regular establishment, This will be brought to the attention of the annual convention by Comdr. Smith and an effort made to have passed a resolution asking the Navy Deg-nment pérmit” the wearing of these red Jjust how stripes. Chief Gunner's Mate White was pre- sented with his appointment in that rating last week. He was, however, ordered transferred from the 3d to the 2d Fleet Division, while First-class Gunner's Mate Wynne was sent from the 2d to the 3d Fleet Division. This change was made necessary, nlg:oush it was not desirable, according to Comdr. mith, because of the limitation of pay grades in the fleet division. The pro- motion of White, it was sald, made an extra number in the pay°grades of chief petty officers in the 3d Division, and in order to retain him it was necessary to make the transfer. Majs. Willlam J. Manning, Medical Reserve, 2800 Ontario. roa % and: Ross H. Miner, Medical Rese; 2131 F street; Capt. Joseph A. Walsh, Engineer Reserve, 1413 Taylor street, and Second Lieut. Norman L. , Alr Reserve, 1710 Webster street. Capt. Edward L. Potter, 3601 Connecticut avenue, and Lieut. Willilam A. Roberts, Inter- stai Commerce Commission, Coast Artillery. Reserve. officers, are assigned to the 3d Coast Artillery dis- triet: Capt. Charles Carey,' Ordnance Reserve, 1426 Taylor street, is assigned to ‘the 80th Division. Second Lieut. Henry H.- Surface, Cavalry Reserve, 1337 Kennedy street, is aasigned to the | 62a Cavalry Division. Second Lieut. Leonard Z. Johnson, jr, Infantry, Re serve, 918 Westminster street, is as- signed to the 428th Infantry (cld.), Second Lieut. Kelly F. 8| Coast Reserve A erce Commission, is re- lieved from' assignment to the 80th Division, and is assigned to headquar- ters special troops, 3d Corps (Regular Army inactive) e A S $100,000 BONUS PAID. ctfim.fln}::., Defiembernll (Spec] - iese Corporation of America today paid out $100,000 to its employes as a Christmas bonus in addition to regular pay. Locusts Turn on Planes. Locusts recently turned on those who have been attempting to drive them out of 'India and t. They have been attacking the airplanes, and have filled the raliiators and engines so that the gflou had to descend to avold over- eating. - One aviator who went up to scatter a swarm of the insects was forced down, and found that one of them ' had been drawn into the air-in- toke vibe. Established 1899 INVEST IN First Deed of Trust Notes P lllI.K.L"" H’."‘""l:" Money to Loan Secured by first deed of trust on real estate. Jos:"pi:‘ L “Weller .:n":"’-:z,‘."‘;f 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 Offices for Rent in the .. 'Chandler Building 1427 Eye St. NW. -IN the heart of Washington’s financial district. Single Offices and Suites. ited men which show, for | ¢, F!ATUNNO free secretarial service, public stenographer, ice water on each floor, high- speed elevators, excellent outside light and Venetian blinds at all winy dows. [SHANNON_& LUCHY| Managing Agents 1435 K St. Nat. 2345 -FINANCIAL. PROPOSED BUILDING REACHES NEW PEAK Money Value of Projects During Week Totals $178,843,000. By the Associated Press. NEW YORK, December 21.—With the announcement of plans for three large undertakings, the combined cost of which aggregates $106,000,000, the money value of proposed heavy con- struction work throughout the country this week reached & new high level for a seven-day period with a total valu- ation of $178,843,000, the McGraw-Hill Construction Daily reports. This com- pares with $66.588,000 in the preceding week and $98,200 in the corresponding week last year. Of the three projects responsible for the f""‘ the largest involved the ex- penditure of $50,000,000 next year in improving and extending the Pittsburgh works of the Aluminum Co. of Americi A New York company will spend $30. 000,000 to erect an 83-story office buile ing on the site of the Hippodrome, soon be torn down. The Grand Hydro Co. is planning to build four dams and a power plant in Oklahoma at a cost of $26,000,000. * Taking the country as a whole, the sum involved in each classification was as follows: i Industrial buildings, $87,500,000. Commercial buildings, $36,700,000. Railway improvements, $16,964,000. Educational buildings, $13,920,000. Residential buildings, $8,100,000. Public work, $9.015.000. Hospitals, $4,050,000. Unclassified jobs, $2,594,000. Other big jobs announced during the week included a $5,000,000 program of power line, pipe line and power unit construction in Texas in 1930 and a $3,000,000 school in Mount Vernon, N. Y. A 26-story office building, planned for %sonm City, Mo., 1 cost FIRM PLANS PURCHASE. NEW' YORK, December 21 (#).—The Youngstown Sheet & Tube Co. is ap- praising the Acme Steel Co. of Chicago with a view of purchasing the com- pany, according to James A. Campbell, chajrman of the Younestown combany. First Mortgage Loans In Arlington County and Alexandria, Virginia Commonwealth Investment Co., Inc. I #06 15th St. NNW. Phone’ National 2623 || Mortgage Loan Correspondent for Prudential Insurance Co. f America First Trust Notes Now Available 6% JAMES F. SHEA 643 Lovisiana Ave. N.W. We Buy and Sell ALL’ ISSUES Bank and Insurance Cos Beneficial Loan F. H. Smith Co. Investment Trusts S. W. Straus & Co. Mehlman & Co. Woodward Bldg. Dist. 8848 ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & La. Ave. N.W. 63rd Issue of Stock Nov. Open for Subscription Shares of Stock, $1.00 Each Payable Monthly James E. Connelly James F. Shea Prestdent Secretary First Mortgage Loan Applications Invited | Gl;)ver & Flather | 41508 H St. N.W. National 1753 WE WILL BUY Investment Bldg. Bonds. Racquet Club Bonds. Federal Security & Mortg. Real Estate Mortg. & Guaranty, Tivoli Apt. Al Roy Apt. Bank of Brightwood. All Washington Bank Stocks. New York Bank Stocks. International Finance, Guaranteed Mortgage Bonds. CAPITAL CITY CO. 509 Washington Bldg. Phone District 8291-8292 I WILL SELL $5,000 Fairfax Apt. of Washington 614 %, 1943, Bid 3 $5,000 Smith Bidg. 614%, 1957, Bid, u,oo;l Overbrook Arms 7%, 1936. d. $5,000 Housing & Realty Imp. 7%, 1936. Bid. 's,ooguAlenndrla Hotel 6'4%, 1937, $5,000 ;illlllop Manor 1st Mort. 6% %, $1,500 .;e'nen:}. Apt. 6%, 1st Mort., $1,000 Chatham Apt. 1st Ref. 634%, 1931, @ 70. $1,000 Aflington Apt. 1st Mort. 614%, $3,000 Corcoran Courts 7%, 1935, @ 90. 120 Consolidated Mortgage Corp. of N. Y. City. Bid. g 80 Consolidated Mortgage Corp. of N. Y. City, 2nd Pfd. Bid. 100 North American Development “Escrow Certificates” @ 50. 19 Units Wardman Mort. & Dis- count @ 30, . - 20 F. H. Smith 714% pfd. Bid. 10 F. H. Smith 7% pfd, Bid. 10 International Bank @ 80. 0 Miller Train Control @ 60c. Washington Base Ball @ 55. 10 Virginia Plate Glass V. T. @ 30. 50 Great National Insurance @ 100 Vasco Products 8% pfd. @ 6. 5 Units International Finance, Bid. THOMAS L. HUME 1412 G St. Nat'l 1346, 1347 What Should Be Done? 3 Tl!at's a constantly arising question in connec- tion with the conduct of an apartment house. Much depends upon how each situation is met; and it takes experience to know just how to handle it. We've had that sort of experience and are render- . ing it to hundreds of satisfied owners. More Than a Third of a Century's Experience Natl. 2100 _Mortgd ge Bonds B. F. Saul Co. 925 Fifteenth Management THE IDEAL - INVESTMENT NQUESTIONED BECAUSE the Bonds of the Federal Security and Mortgage Company a: 1. Secured by small mortgages on properties in the District of Columbia. 2. Guaranteed by a strong independent Surety Company, with resources of over $5,000,000.00, under State and Government supervision. 3. Further guaranteed by the Federal Security and Mort- gage $750,000.00. Company, with a capital and surplus of over 4. Trusteed by a large National Bank. 5. Mortgages appraised by independent experts of known reputation. 6. Legal i;waltment for National Banks and Insurance Companies. Federal Security ¢ Mortgage Co. 1522 K Street N.W. CAPITAL & SURPLUS OVER $750,000.00