Evening Star Newspaper, January 15, 1930, Page 13

FINANCIA l ON NEW YORK BONDSsrocxax oz] | Wall Street Briefs | BOND PRICES SAG INDRAGGY NARKET Advent of New. Issues Re- stits in Seflirig of 01d* " Groups. BY F. H. RICHARDSON. pecial Plapatch to The Star. NEW YORK, January 15.—In the wake of the $300,000,000 of new bond issues floated so far this week has come & period of readjustment of investment portfolios, with the result that bond prices sagged today as outstanding is- sues that could profitably be sold -in order to take up new offerings were dis- posed of. The declines were narrow and the list yielded reluctantly. As is traditional, the heavy oversub- scription of the American Telephone 5§ per cent issue has resulted in the bring- ing out of other new issues offered to those who were disappointed in their small allotments of the telephone bonds. ‘Today's budget included $35,088,000 Chesapeake & Ohio refunding 4158, $30,000,000 Associated Gas & Electric 5 per cent convertibles, the $25,000,000 North American Edison issue announced ‘Tuesday and nearly $2,00,000 of muni- b nd 51 of the North Ameri- ean Edisdh Co. which were already out- standing were off today under heavy selling. ‘The 5!.s have dropped 1! ‘points since the announcement of the new bonds and the 5s have dropped over 214, ‘The néw issue was admitted to trad- ing on the curb, opened at 963, or 11 points’ premium, and in a few sales dropped fo the offering price of 95'5. High-grade rails, public utilities and Industrials were weak, with few excep- tions. Atchison General 4s, Canadian National 5s, Pennsylvania General 4155, Great Ndrthern 7s, Inland Steel 413s, American. Telephone 5'3;s and “when r UNITED STATES, (Bales are in $1.000.) Sales. High. Low. Olose. 16 100 22 10014 100 22 Lib 4th 43... 29 101 10029 10030 US3%s 43.. 230 9912 999 9912 %8 47.. 236 9912 999 9912 25 10331 103 31 103 81 20 106 30 106 28 10628 10 11030 11030 110 30 FOREIGN. Sales. High. Low. Close. 20 98 974 98 4 97T% 9% 7% 90% 9714 98 83% a1 9284 9% Argentine a-.yu 59, Argentine 63 Oct63 4 Argentine §%s62.. 9 Argentine 6s A, 14 | Argentine 6s B 5 | Australia 4%s56.. 14 Australia 68 1955.. 33 Australia 68 1957.. 14 Bank of Chile 6% Bank of Chile 6%s. Belgium 6 Belgium 635 Belgium 75 1955 Belgium 78 1956... Belgium 7%4s. . Belgium 8s.. Bolivia Ts ct 69 1 96 96% z\ 101% 101% 101% 9 106% 106t 106% 12 110% 110 110 13 107% 1075 107% 15 116% 116% 116% 38 1107 110% 110% 8 76 5% 16 Bolivia 8s 6 92 91% 9% Bordeaux 6s. 8 1027 102% 102% Brazil 6148 192 30 T6% 76 T6% Brazil 6% 192’ 29 5% 6% 82 82 31 97% 98 6 99 9 2100 100 100 2 103% 103% 108% 24 90% 891 89% 64 91 9014 90% 1 100% 100% 100t 5 102% 1024 1024 70 70 98% 98% 97w 9T 9TW 13 100% 100% 10034 1 110% 110% 110% 21 91% . 91k 914 1 100% 100% 100% 3 108% 103% 103% 4102 102 102 4 102% 102 102 2105 105 108 1 101% 105% 105% C Chile 75 19 Christiania Colomba 6: Con Pow Japan 7 Copenhagen 6s ct. Cuba 5%s. Danish Munic 88 A. Denmark 4%s Denmark 53 s 65 Denmark 6s. DE15%s Mch 52 Dutch East I 65 63.. El Salvador 8s 48 Fiat 7s war 46 Flat 7s ex war 46 Finland 6% Finland 78 issued” S8, Philadelphia Co. 55 and Columbla.Gas 5s all had declines, rang- ing up % a point in the case of the Pennsylvania issue. On_the side of advance were St. Louis-San Francisco “A" " 4s, Southern Pacific 425 and Standard of New Jersey 5s. ‘The selling had an even more uni- form effect in the junior railroad list, the only- exception being the obliga- tions of the Seaboard Air Line, which were strong. The president of this road announced completion of the sale of $20,000,000 common stock and the suc- cess of the conversion of $22,458,000 of adjustment bonds with over $4.500,000 of unpaid interest into $11,229,000 con- solidated 6 per cent bonds, 336,570 shares of common stock and warrants entitling holders to subscribe to 224,580 additional shares. The plan, according to the president, effects a debt reduc- tion of $15,750,000. Of interest to the market today was the statement that the United Steel Corporation has completed plans to re- tlre $54,700,000 bonds of subsidiary mpanies. These include Illinois Sleel Go, $18,500,000; H. C. Frick Coke Co., $8.’ 705 000; Monongahela Southern Rail- road, $5,500,000; Union Railroad, $5,- ,000, and some smaller issues. Forelgn bonds were irregular, with strength “in South Americans and French issues. Since Japan went on & gold basis last week there has been European buying of all Japanese dolhr bonds. In the last day or two this has been concentrated in Tokio Elec- tric 6s, which have advanced from 88 to about 91. This brings the bond once more above its original issue price of 90% and makes it one of the few for- eign issues brought out in the last two Jears to be selling at a premium. Grain Official Dead. * -~ ‘WINDSOR, Ontario, January 15 (). +Dr. Robert Magill, secretary of the Winnipeg Grain Exchange, died early foday at Battle Creek, Mich. SILVER QUOTATIONS. NEW YORK, January 15 (#)—Bar |5 siver, 46%; Mexlcan n dollars, 34%. Washmgton Stock Exchange SALES. Wash. Gas. 6s A—$1,000 at 10115, ‘Wash. Gas 6s B—$200 at 102, PO! Elec. 5% % pfd.—4 at 107, 4 at 107. 'ash. R E com—10 at 500. Wlsh R. & E. pfd.—2 at 94%4. Dist. Natl. Sec. pfd.—10 at 95, 10 at 95. {;d .AT);.:IC .L\fn .—10 at 100. ergent er oty] 10 at 106 10 at 1065, - > #The Carpel Gorp.—10 at 24, 5 at 24, AFTER CALL. Wash. Gds 6s B—$100 at 102. ‘Wash. R. & E. pfd.—10 at 947, Capital ction Co.—5 at 83. Peoples Drug Str. pfd.—10 at 104. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Telga. 4155 '33 Amer. Tel' & . Tel. of 55 Cepital Traction R. City & Buburban 5s. Georgetow, Wash. RwY, & Elec. 4s. MISCELLANEOUS. rber & Ross, Inc. 6 Bhamrhonie Hon Ehevy Chase cith STOCKS. PUBLIC UTILITY. 1. & Telga. Amer. Tel Eu5ta1 Traction & Wesninston Gas Li Naw boat. Fitomac Eiet 6% tomac Elec. 5y ‘ash. RWY. h. Rw % Anuco: of NATIONAL IXANK Kational Oapital Solummbia Sommerci District ederal- Anferican TRUST COMPANY. ‘American 1: urit; Continental Trus Merchants' Ban| National M‘\mu & Trust . nion il umn'lol Losn & Trust BAVINGS BANK. e om Eust Washington. Rechiniiics” i FIRE INSURANCE. Washingtol % 104% 105 69 118% 118% 118% 107 119% 119% 119% 28 87% 864 874 Framerical French 7s. German Bank 6s°3. German E1P 6%s .. 6 92y 92 92% 20 94‘. 9415 944 11 105% 106% 106% 51 97w 9T% 9TH 2 101% 101% 101% 18 102% 102% 102% 10 108% 108% 108% 6 103% 10314 103% 19 89% 88N 80N 11 108% 108% 10814 40 105% 105% 105% 10 100% 100% 100% 13 75 4% 75 Norway & " Norway 6348 1953 Norway 6s1943.. Norway 681944, Orfent dev 5% 658 Paris-Ly-Med 6 Paris-Ly-Med Pirelli 7s 52, Poland 6s 40 Poland 7s (rets) Poland Porto Alegre 8s. Prague 7%s. Rhine Wst EP 6s 5‘ Rhine West 6s 53. Rio de Janeiro 6345, Rio de Jan 85 1946 Rio Gr do Sul 6s 4 Rio @r Do Sul 8 1 98 93 1 104% 104% 104% 12 87 86% 86% e e e 5 T2% TI% T2% 3 9615 96 96 4 684 68% 68y 3 9215 © 9214 921 84 88W 8TH 8TH 12 101 100 100 Sao Paulo 1!50... . 9 Saxon (PW) 7 Seine 78 42.. Shineyetsu 63%s § 865 Sotssons 6: 6 103% 103% 108% 8 106% 105 105% 6 103% 108 108 1 108% 108% 108% 13 99% 99% 99% 2 76 5% 76 22 90% 90% 90% 22 103% 108K 103% 6 964 96 96 Tokio 5s..... Tokio 581961, Utd Kingm l!/n 7. Urn 0. Uruguay 8: Vienna 6s52. . Warsaw 78 ‘Yokohama 6 87 9% 96Y% MISCELLANEOUS. Abram&Straus6%s 2 99% 99% 99% Alleghany Cp b8 44. 87 100% 99% 99% Alleghany s 49 44100 99% 99% Am AgtiChem7%s 3 103'/- 108 Am Chain 6533, AmChem 5% &ev 49 Py uzu Am Cotton Of1 5 17991 Am'Int Cor 5% 849 1 Am NatGas6%s42 5 Am Smit& R 1stGs 40 Am Sugar Ref 6 3 Am T & T 55 65 ki3 9% 100% 100% 108% 103% 4 100% 100% 138% 140 103% 103% 101% 101% Am Tel & Tel 5%... 19 105% 105% Am Water Wks 6s., 8 Armour&Co 4%s 39 3 Armour Del 5% 1 AtlGuI6859....00 Bell Tel Pa5s B.... Bell Tel Pa6sC.... Bethlehm Stl pm 58 Beth Steel rf 58 Bethlehem Steel Bush Term Bldg Certn-Td 5%s rety Chile Copper bi Colon O11 6s 3 - Col G&¥I 68 May 52. 9% Com Invest 5%s 49, 844 Con Coal M4 bs. % 61 105% 106 108% 108% 9% 99% 106 105 100% 1007 54% 95% % Cuban Am Sugar s, Den Gas bs. . Det Edison 55 40... 9 102% 102% 9914 99 804 80 4 100% 100% 101% 101% 105% 105% 1% 914 100 100 101% 101% 104 104 Gen Cable 5 Goodrich 6% Goodyear bs re Humble O & R 8. Humble O &R 6% T11 Bell Tel 5s. 111 Steel 438 40 Inland Stl4%s 78. . Int] Cement 55 48 Intl Match 68 47, Int Mer Mar 3 % 122% 128% Int Tel&Tel 4% 105 105 Kan G & E6s 62 Laclede bs. 100 100 Laclede G 5% 103% 108% Lautarc Nitral 76% 6% Liggett & Myers 7s. 118% 118% Loew's, Inc 6s. 102 102% Lorillard 6%s. 86% 86% Lou Gas & El 101% 101% McC'rmick ER Midvale Steel 5. .. Montana Pow 43. % 100% 100% 100% 100% 101% 101% 103% 106% 103 108 99 99 10 45 4% 45 2 102% 102% 102% 87 98% 981 98 5 93 92 92 7 92 1% 92 o, Nor Ohlo Tr&L Pacific Gas & El PacT&T 6852 Pan Amer Pete 6 Paramount 6s 1947, Pathe Exchange 7s. Peoples Gas bs. PhilaCo 68 67... Phila & Read 6s 49.. Phillips Petro 5%s. Por Ric Am Tob és. 4 100% 3 101% 11 104% 4103 3 99 = Postal Tel & C 43 Pul b Wire Direct to The Star Office Salss. Hish. Low. Close. 50 50 50 94 94 9% 94% 93% 94N 3 96% 964 954 3 100% 100% 100% 100 100 100 1017% 101% 101% 9% 9T 97X 95% 9b6% 102% 102% 104% 104% 1021 102 97 96% 101% 101 105% 105% 991 99 94% 93% 85 84% 100% xvns, 98 89 d 5% Richfield Oil 65 44.. Sinclair Ol 6s. Sinclair Oi1 7s. Sinclair Crude Stand OIINY 4 Tex Corp cv b Tenn ElecPowss 47. Transcontl Ofl 6% s. United Drug 6s 63. . .26 Ro 57 57 108 102% 102% 102 1024 102% 20% 29 29% 27 98% 967 100% 100 1014 101% 101% 100% wnln Union 68 1. White Eagle O 5%4.. ‘Wickw Spen 1st Wick-Spen ov 7s. Willys-Ov 6% Wilson & Co 1st ‘Win Repeat Ar 7% 1 Youngstn S& T bs. 18 RAILROAD. 4 T6% 764 19 93% 93% 8182 131% 9 93% 93% 23 99% 99 22 101% 101% 11 101% 101% 28 104 103% 1109 108% 2 102% 102% 86 Ann Arbor & Atchison gen ds. . Atch deb 4148 43. ... Atlantic C L 1st 4 B&Oev 4% B&OSW 5850, Bang & Aroos 4s 51, Boston & Maine 5s. BKlyn Elev. 6%5 Bklyn Manhat 6s. Buff R & Pitts 4% 86 97% 714 | Can Pac 435 46.... Can Pacific ctfs bs. Centof Ga 6sC 10 99% 2 99% 44 94% 94 3 108% 1031 1 93y 98% 16 9714 9T Ch Ches& O 4%s 93 A, Ches & O con 5 Chi B&Q gen 48 53.. Chi M1ISP&Pac5s76 64 93% 921y CMSP&Pacadj6s03 37 73% 72% ChiN W 4%s2037. 17 96% 96% Chi&NW conv 4% s 279 100% 100 2 108% 108% 1 101% 100% 6 89 89 54 96 96% 84 94 934 3 100% 100% 1 97% 9% 2 891 89% 9 104% 104% 8 97 96l 1 106% 106% Cl Chi T H inc 65 60 C&WIb%sb2. CCC&StL deb 435, 66 92% 92% 6 1081 1031y Cuba Nor 5% s cti Del & Hud1st rf Den&RG W 4%4836 4 96% DRG& Wstbs56.. 43 94 DRG& Watbs 78., 15 89% FlaEastCbs74..a 6 52 52 Gr Trunk stdb6s.. 5 104% 104% Grand Trunk 7. 3 110 110 24 96% 964 10 96% 964 12 109% 108% 22 111 110% 1 98 98 . 7 8% 78 + 13 96% 96 o 24 99 98% 6 96% 96l 30 63 62% 2108 108 5 884 884 8 T4% T4% 1 31 31 1 95 96 11 6% 176 1 8% 89% 29 91 57 Gt Nor gen Gult Mo 5s B 50. ‘Hud & Man aj Hud & Man ref 5 I Cent 4% s 66. 111 Cent Chi 4%s. . Jowa Cent 1st 58 Kan City Ft 8 4s Kan City 8 3 Kan City Term Lake Shore 4s 31 Lehi Valen 4 Louts & Nash 75 Man Ry 1st 48 90..3 Market St 78 4 6 Mil El Ry & L 65 61 'Hl 6 2 100% 100% 98% 108% NYCrtim4% 17 99% 98% NYCengen3iks.. 10 81% 81% Mich Cen deb 48 29 Y Cen rf b N Y Cent deb NY Cen LS cl 3%s. Y C&StLdebds 1 76% 6% 1 90% 99% 4 95% 95% 5107 107 2 106% 106 7 101% 101 C&SILEREA B NY Sus&Wn 58 37.. Nor & S gen 63 54. .- Norfolk & W cn Nor Pac 38 2037 5 65 64% Nor Pacrf 6 70 113% 113 . 86 98% 98 €6 98y 98 1 107% 107% 2 104% 104 20 109 109 10 100% 100% 12 964 96% 8 86 36 2108 108 3 108% 103% 1 96% 96% 7 98% 98% 1105 105 918 915, 96% 964 96% 96 894 BEY 90% 89% 1 98 98 25 101% 101% Pa Ohlo & Det 4% Peo E 1st 4s. PCC&StLS B76 Port RL P68 47. Port RL&P 7% 4 Rio G W 1st 4 RIATk& L 4%s. StL IM&S R&G 4 16 S&L&SF gen 68 3 St L & San Fr in 6i St L&SW con 4s 32, Sou Ry con Sou Ry 65 56 Sou Ry 6%s.. 3 116% 116% 6 123% 123% 11 100% 100% 8 100% 100% 1 10214 102% 1, 28% 28% 6 50% 491 4 100% 100% 4 88% BB% Third Ave ref Tol Tr MP‘%I!O. Union Pac s 68 Union Pac 1st 6 94% 94 Un Pac1str? 12 904 90% .UIIDIHOG%II".- 23 97% w i D. C, By the Assoclated Press. ‘ The American Telephone & 'Tele- graph Co. revealed that the number of small shareholders had increased be- tween the October and January divi- dend dates, covering the period of the stock - market break. Holders of 5 shares or less gained more than 6 per cent, while the number of persons own- ing from 6 to 10 shares rose almost 6 per cent. The increase for the quarter was 14,000 stockholders, bringing the total to 469,000, the largest of any cor- ration in the world. Shares in okers’ hands declined more than 15 per cent in the quarter and the av- erage number held by the stockholders declined from 29 shares to 28.2. Hale Holden, chairman of the execu- tive committee of the Southern Pacific Co., has been elected a director of the Western Elecric Co. Consolidation of all water service subsidiaries in California of the Ameri- can States Public Service Co., recently approved by the California Railroad Commission, has been effected and the merged subsidiaries are now known as SHORT-TERM SECURITIES, (Reported by J. & W. Seligman & %’fi‘ or. Alus-chaimers Go, 8s 1937, cmo Was Corp 4lss 1 1a, 85 1087, N Bhsilips Pet. Eure Ol Con nion nclair Crud Uhion ‘O1f Co. United Drug Co. 5 195! Western Blectric So. % “i9d7 Wheeling Steel Cor 1 Wheeling Steel Corp. STOCK RIGHTS OFFERED. NEW YORK, January 15 (#)—The International Paper & Power Co. is of- fering its employes the ‘right to pur- . 102 ad. 1953. 87 the American States Water Service Co.!chase 7 per cent cumulative preferred of California. Production_of steel ingots continues to increase, Dow, Jones & Co. reported today, adding that this trend was con- trary to the situation a year ago, when operations declined after the spurt fol- lowing Christmas and New Year holi- day curtailment. The industry is now averaging between 651 and 66 per cent of rated capacity, as against 59 to 60 per cent a week ago, and 38 to 39 per cent during the holldly shutdown. The Guaranty “Trust Co. has received a shipment of SMG 400 in gold coin from Buenos es. Gross sales of all refined products of the Standard Oll Co. of Kansas in 1029 were the largest in the company's his- tory, exceeding 1928 by approximately 2215 per cent, according to A. S. Hop- kins, president. The company's 1930 business, he said, would surpass last year's. Directors of the Fox Film Corpora- tion voted to pay the regular quarterly dividend of $1 a share in scrip due January 15, 1931, with 6 per cent in 3 Copper Output Curtailed. NEW YORK, January 15 (#).—The Anaconda Copper Mining Co. has shut down the Leonard mine at Butte, Mont., stating that, due to the increa: of more than 44,000 tons of refined cop- per, it was thought necessary to make a reduction in the output. The company hopes the shut-down will be of short duration. s. High. Low. Clo 6 9l 91 91% 6 1011 10115 1015 6100 100 W0 . 41031 108% 1 10 80% 80% 19 o .1 98% 98% WisCentgnds4d.. 6 82 82 8018 7 98% 82 Money to Loan Secured b; ‘:'n‘ deed of trust real estate. Joseph 1. Weller {5 W Councilor & Buchanan Certified Publie Accountants ‘Wm. Gordon Buchanan Tower Building National 6110-61116213 (Telephone Directory Omission) First Mortgage Loans Vo Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc, ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & La. Ave. N.W. 63rd Issue of Stock Now Open for Subscription Shares of Stock, $1.00 Each Payable Monthly James E. Connelly James F. Shea President Secretary Investment Securities Resl Values, Inviting Income Courtland Nixon 1518 K _S8t. N. National 1926 First Trust Notes Now Available JAMES F. SHEA 643 Loui First Mortgage Loans for 3, 5 and 10 year penods on houses, apartments and busi- ness property in Washington, nearby Maryland and Virginia Randall H. Hagner & Company, Inc. 1321 Conn. Ave. N.W. Decatur 3600 Mortgage Loaw Correspondent New l’nb Life Iwsurance Co. LOans . 6.\[03\07‘9 . ‘We Invite Applications for FIRST TRUST LOANS on Improved Property v MoNTaoMERY co. AvD THE Dll'l‘l-lsl‘ofll CoL%ni Periods of 3, 5 or 10 Years Bossmmgu:s lhl“l stock of the International Paper Co.and subsidlary and affiliated companies at $80 a share. The stock may be paid for in full or on the partial payment plan. WEDNESDAY, JANU. AR This is the fifth annual offering of this kind. | i Organized 1879 JOHN JOY EDSON, President Assets .. veeeees.$5,662,549.55 915 F VIRGINIA FARM INCOME. RICHMOND, January 15 (Special).— Total income from farm products and live stock in Virginia during 1929 is placed around $200.000,000 by George W. Koiner, commissioner of agriculture for Virginia. This income is slightly larger than for 1928. “The tobacco crop furnished the prin- cipal source of income for 25 per cent of Virginia farmers,” Mr, Koiner said. He - estimated that final returns from this crop should show an increase of from 15 to 25 per cent over 1928, FOREIGN EXCHAN GE. tshed by W, B. Hibbs & Ca.) (Quotations furnigied 021 Foid Selling checks R4 Gorpap. todn 138 Real Estate Investments JAMES Y. PENNEBAKER Nat5291 1520K St.N.W. Equitable Co-operative Bldg. Ass’n 50th YEAR COMPLETED WALTER S. PRATT, Jr., Secretary Surplus & Profits......$1,705,130.78 Subscription for the 98th Issue of Stock Being 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. St. N.W. National Metropolitan Bank 1814—Oldest National Bank in District of Columbia—1930 15th St., Opposite U. S. Treasury Open Until 5 Today 30 P.M. —to accommodate our numerous Sav- Dept. patrons who are in the Fed- eral service—and others. 7 Our Savings «ccepts_in Dept. epos- its of One Dollar, or more—pays 3% com- pound interest. ANYBODY conscious of bodily discomfort is not 100% alert. Your physical ache retards your mental sharpness. Modern office executives realize the importance of comfortable, form-fitting office chairs . . . of the comfort-giving Milwaukee Chairs. These mod- ern chairs fit the form because they are anatomically designed. They relax the body—prevent- ing mental laxness by keeping the mind fresh and keen. A tired body means a tired mind. Pre- vent both by furnishing your of- fice with Milwaukee Chairs. THE W D.CAMPBELL COMPHNY BUSINESS FURNITURE AND EQUIPMENT 1506 L St. N.W. Decorators of Commercial Interiors, 1018 15th St. N.W. An Abundant Yield for a conservative investment . .. SAFETY because of the security ... CONVENIENT in the denom- inations of $250 up. First Mortgage Notes . . Secured on improved p'ropemes in the District of Columbia and adjacent Maryland Suburbs Som We will gladly tell you more of the eix per cent notes now available. oo H.L.Rust 1001 15th Street B!TABL!G Company National 8100 H E Do 1-88 9 FINANCIAL., NEW CONSTRUCTION. NEW YORK, January 15 (#).—In the first eight business days of this year the 37 States east.of the Rocky Mountains reported new construction contracts awarded to the lmoum. og $124,721,300, lcl.‘m’dlnl w the F. W. Dodge Corpora- tion. is a daily rate of contract- letttn per cent below the datly ral ’or January, 1929. The largest slnzle contract was for a railroad elec- trification project from Hoboken to Dover, N. J., costing about $15,000,000. CHICAGO DAIRY MARKET. CHICAGO, January 15 (#)—Butter firm; refi!fi?'s, 6,107 tubs; extras, 3313;° standards, firsts, 32 to 321; firsts, 30% to 31'z: seconds, 28 to 29. Eggs firm; receipts, 9,209 cases; extra firsts, 41 ‘to 42; graded ‘firsts, 38 to 39; ordinary firsts, 36 to 37; remgentor firsts, 34; remzentor extras, 35. 809 15th St. N.W. w8 A134 TH; EQUITABLE - TRUST COMPANY - OF NEW .YORK 11 Broad Street Total Resources over $900.000,000 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 WE extend loans for periods of fifteen years. ables the borrower to make small periodical payments until the ex- piration of the loan. This en- Consule EAVER BRO REALTORS District 9436 Mortgage Loan Correspondent Metropolitan Life Insurance Company SAFE ment Over a Third of a Century Without a Loss National 2100 THERE FIRST YOU DON'T HAVE There is one type of invest- requirement of the individual, furnishés security of principal, with definite return and can be bought in wanted amounts—our 6% FIRST MORTGAGES The security is vested in in- come-earning real estate which we have appraised—and the in- terest is most liberal. May be purchased in amounts from $250 up. B. F. SAUL CO. IS .NO SUBSTITUTE FOR SAFETY MORTGAGES TO GUESS that will meet every 925 '15th'St. N.W. Back to 1930 begins with a re-appreciation of the fundamentals of investments: safety of principal and certainty of income. We continue to recommend bonds as the basis of every investment program. INVESTMENT BANKERS Garrett Building Baltimore, Maryland . WASHINGTON OFFICE 501 Notional Meteopelitan Bank Bldg, - -