Evening Star Newspaper, January 24, 1930, Page 13

FINANCIAL,, IN LIGHT DEALINGS Telephone Convertibles Fea- tured in Mildly Fluctuat- ing Market. BY F. H. RICHARDSON, @pecisl Dispateh to The Star, NEW YORK, January 24~Except in the case of one or two new issues and the convertibles, the bond market today ‘gl l‘lzv' tmgl':te "::nkl sharp increase of activity on the stock exchange, The list fluctuated in .an firegular manner, with the center of interest turned on issues with stock-conversion or stock-warrant features. American Telephone convertibles were only fractionally higher, but were trad- ed in heavy volume. Next in point of :f“;‘o"n ‘were lhe 4% per unt converti- e the Chicago Northwestern ? ese hit # new. lnw Jevel at m& Bervice of New Jersey t'sl. the canversion rights on which L wen There lr!! 37 500,000 of these out- were issued in l'lflnl‘: lowing year touche lm par-value bond r& '3 dhares!of the om- in Nn'fimmon & Ohio 41 per cent econvertibles, announced today, were admitted to trading on the Curb Ex- on a “whepy* issued” basis. umm' Hders, the rights gi- 5 ers, the rig| hareliolder the privil of +E 55" 1o pePamoustof f their stock holdings,. The at 1022 and were foroed alt in around | B UNITED STATES. (Sales are in $1,000. Sales. Hizh Low Cldse 20 9830 9823 9830 17 100 20 10017 100 17 184 1011 10029 1011 1 996 996 2 9910 994 1.103 20 103 20103 20 IHI.. 101 10616 1064 10616 % §2... 101103 110 110 FORE|GN. Bales. High, Low. 5 89 8Big 90 7% I Argentine 5s. Argentine May 61. Argentine 6sJu 69, Argentine 63 Oct 53 Argentine 63 A.... Argentine 6s B,... Australla %l 56.. Aus 55 1955. Australia Austria Ts Bank of Chil Bordeaux 68y, .\... Brazil 6345 1926, ., Brazil 644s 1937, 2 %s When over $800,000 were Ci into the market before moon. part of the loss was recovered. issue totals $63,031,000. The rights purchase these bonds were t.rl;:d.:: Prime issues were quiet and mostly in price, Pemuylvlnll 4148 and Southerw Pacific be. gains were evenly divided. m !I-llnl! 41¢s, Missouri-Pacific Dlsl Louis-San- HEAVY CONSTRUCTION. NEW YORK, Jlmury 24 (). -Acflv- ity continues high in proposed heavy operations |n the United announced u:hom. the wuk reveal - i £ § 5 is ublie work umtrueuan. 'ge fihe week York snu rido- and ion and the New Jersey sion of the pro- R street, ‘eehawken, N. J., raised classes to’ $118.514,700. 'I!h $172,018,000 ‘in_the ‘week last year and $113,- 550,000 in the previous week. £ ] % I 5 e jisf 53‘:;;;;5 J tia and Potemac ,000 at 92, $1,000 at 92. Electric 6s -n-m 00'%10 8t 91. 2 at 110%6, ou 08— at 108, 20 - American mmq Bank—10 at 292, 10 at 202, National Bank—k at 505, 5 at a st 104, 1’"‘!0 at mru—m AN & Guar. pd:—30- ‘% a uuugou-l in- M R. R. guar. 55 | 106381000 at (P Denmark 5 Denmark 6s. ... Dutch East 147. DEI5%sNovs Dutch East 1 § Finland « £ 63 45 Finland Ts. . %! Orfent dev 5% Orient Dev'mt TR 1 105% 106% Rhine Wat EP 68553 1. 90.. . 9 " Rhine West 6s 53 1 - Rhine Wst EP 75 50~ 1102 102 Riode Janelro 6148 13 74% 74 Rie de 1946. 2 99 99 RioGrdo Sul 6348, 14 67% 663 Rome 6345 2 8% Sne Paulo 85 1936 101 Sao Paulo 1950 Saxon (PW) 7a Serbs Cr Sloy Serbs Crot Sjo Selssons 63, eden b 5 101 Offer.’ e NATIONAL lA" 2 ational, Capital F%m' & Trust cc a 89 o 97T 100 108 mu UntS § Copen $s37 1 98 MISCELLANEOUS, Abram&Straus5%s 2 98 8 Alleghany Co bs 44, 25 99% Alleghany ba 4! « 27 9% Am Agri Chem 744s 1 108 Am Best Sugar 6s 3! ; "rg Am Tel & Tél 6%.. | Am Water Wks bs, . Am Wrig Pap 6s 47 Armour&Co 4% 39 Armour.Del 55 ., ‘Atigntic Refin bs. .. Bell Tel Pa 53 B. Bell Tel Pa 5x Bethiehm Stl pm Det Edison §s540. .. Det Edison 6 5o 6 Duquesne l%l (1 Gen Cable B%s 47.. Gen Mot Ac Cor §s. Gen 8tl Cast 58 4§ - AeSrnla BAS-as~e o waseds 3. a5 120" - B SR Y LR 1R PR TR P - [PPSR PUSPR. Y Montana Pw Nat Dairy § New Englan N Y Ediso) No Am E8 6% Nor Ohio Tr&L Nor States I"O; PN 19 SPoeee 14 " 101 nu.anuu-n ll ’I ’.I;HE EVENING BONDS IRREBULAR | = == = BONDS o e ‘Wire Direct to The Star Office Bal Phillips Petro §%s. Por Rie AnTob Posts! Tel&,C P St1 Car b Pub Ser 4%s. . Remington Ar §5 31 Rem Rnd 5% war.. Richfield O11 68 44... 8inclatrCrude 5%s Sin Pipe Line b South Bell Tel Southwest Bell Stand Ol N J 4 Stand OIl N Y 4%3. ElecPowss 47 arp av 58 1944 Tranneontl Ofl 63 United Drug 55 53.. U'S Rub 1st rf by U S Rub 734s Utah Pow & Utilities Pow § es Sug Warner Sug 7s Western Elec b | Westn Union 58 51. Westn Unjop 6%4s. . White Eagle O b%. Wickw Spel "“. Willys-Ov Wilson & Co'1s Atchison adj Atchfdon gen Atch deb 4% Atlantic C L 18t | 5an Buff R & Plits ¢%s. Can Nat4%s30.,.. Ca . Canada Natl Can Nor 6. Can Pac deb ChI&E 111 gn 58 81. Chi Gt West 43 69.. Chi MIISP&PacBs?s CMBP&Pac adjss03 Chi & NW gen n, . 35 Chi N W 43 203! oa” Mieh. Low Clase. 9% ulk 921 92W 94 94 87 187% 94 95 96 1004 101% 97 95% 102 104% 101% 96 104% 014 oo WASHINGTON, REPORT OF ACACIA CO. " SHOWS FINE YEAR Local - Insurance Comcern Writes $57,000,000 in New Business During 1928, The annual Teport of the Acacia {Mutual Life Association showed the company ‘Wrote last year more than $59,000,000 of new business and made a net gain of over $37,000,000. There was in forte on December 31 $340,000,- |1m:relu of $§750,000 during the year. The s us is over $1,600,000, an in- crease of $300,000 during the year, the because of the low costs at which Acacia sells its insurance and the good | dividends it pays to its policyholders. The mortality experience of the com- pany for the year was 42 per ‘cent. The gain In assets was 17 per cent as compared with g general gain in assets of all life insurance companies of 9% per eent. The report showed that the company paid out, in salaries last year in Wash- ington almost $700,000, while it spent about $750,000 for supplies bought in nu clty during the year in the conduct ess, m deposits in Washington banks last year were over $11,000, TRUCK C0. EXPANDS ON EASTERN SHORE Special Dispateh to e b 24.—Expedi- rlshlhlt seafood hore to this eity and points north is assured the purchase by the Red Star Line of the Victor Lynn Transportation Co. and connecting motor truek ‘Hnu ‘The Red Star T bus ]lnl‘l honeycomb the I!nurn s jore of Ma land and Delaware, conneeting wil ferries and trains at distant po\m& The Vietor Lynn Co. operates daily freight < boat service from Salisbury, Wicomieo River points and Baltimore, with connecting motor tm:k services at both termindls. Application for rm.llutlon of the deal will be made to t.lu Public Service Commission. Established ‘in 1821, '.hn Vietor L Co. inaugurated. fast overnight freight (if the | service between several Eastern Shore 9614 768 645 , 8% 941 5% .. Chi&NW ¢%s 1987. 17 103% Chi&NW ocm' ks Chi& NWTs. Chi Rys bs Ch{RI&Prt 4 ChRI&P¢ C& W Iconds, CEWIbKs62 | Conn ny&L 4% Cuba R R ba, ., Cuba R R §s 19 Cuba Nor §%s b3 Dbl & Hdalstre ‘Den&R G W ou-u DRG & Wst 58 DRG& Wat 58 Det United ¢ %8 Erle 15t cons 4s. Erleconv s A. » wu-BeRaRoSe wow Mo Pacific gen W | Mo Pac 58 A 65 Mo Pae 5345 49 ovt. Mont T'rm ref 5a 41 Nassau El 4s 51, PR P A 43 1 g g ol b b Port EIPL6s. Reading gen 4 %8 A 7-.‘7* 'w lll it oS ) ”K 510 85 1% 14 | Chincoteague, Frankli towns and Baltimore. Here truck con- nections are made with Washington, York, Pa, and Harrisburg, Pa. The truck lines on the luum Shore are feeders to the boat towns De, Dee Bridgeville, sboro, ville, in Delaware; l Mu Franklin City and Chincoteague, 'l‘v:u “of the important commodities handled are fish and oysters from in Oity, Girdletree and Stockton. Xt ll understood here btained on several other Eastern 4] shan truek lines by the Red Star Line. ‘egetal : ‘The daily market Nmfl on fruits and vegetables, compiled the Market % | News Service Bureau u: Agricultural Economies, says: Apples—Supplies moderate, mar! n | ginia, U. 8. No. 1 saps, 5.50a5.7. Inches, 4.0004.25; U l.llo 1,3 up, Yorks, 5.0005.35. Boxes fancy, medium to m Winesaps, 3.0083.35; hnz um 1o lu. delicious, 3. 'l!. moltlv sizes, m‘”‘ ets: 1'4 lnchel up, 0. 1, inches . Btaymar £ une IMd Inchu up, Btayma l 3% inches up, Yorks, 1.15, !ew la . 8. inches ‘up, Yorks, 1.50. lies liberal; demand moqmmn % T!xuub-rm crates, poun net, round type, loo-l 5; bu!k per round !ypfi. hlll \!unl Bl demnld Supplies demand moderate, llllriel teady. Arizona, crates, Iceberg t 5 dozen, mostly 5.00, few low as 4. 8 doze: ugpu- ll‘m dsnund mlrk bushel hlmm T8, l!l Boawm r.ype hsr quality and condition, 2.75a jupplies moderate; demand % Onions—8; lllht.“mukei steady. New York and 2 | lght, baskets, savoy type, 1.75a2.00. *|1ight, market steady; Oal 8% oy 1% 81% und sacks, yellows, U. ize, 2,008 plies moderate; demand t steady. Maine, 150~ pound sacks, Green Mountains, U. No. 1, 4.90a5.00; 120-pound sacks, Green Mountains, U. 8. No. 1, 3.8524.00. New York, 150-pound sacks, round whites, | try, * U. 8. No. 1, 4.75. Michigan, 150-pound sacks, Russet Rurals, U. 8. No. 1, 4.65a 4.75, mostly 4.75. Bweet potatoes—Supplies light; de- mand light, market firm. Easterd Shore of Maryland, bushel yellows, No. 1, mostly 1.50, few higher; bushel ' hampers, white yams, No. 1, L5 “Tennatses. bshel hemuers, Nancy , No. 1, mostly. 1 piles light: g demand light, market steady. Florida, bushel pers, green, ordinary g:‘:my and condition, 2.0082.80; few quality and condition, ~3.80a3.75; V-bu.hal hampers, green, fair quality an tion, 2.50a3.00. l.num.—su»hu light; demand light, market steady; Florids, pepper crates, fancy, IMBO' choice, ordi- nary quality, 3.00a3.50. ‘Tomat upplies _light; condi- demand rate; demand i, Texas, bushel lies light; demand lornia, pony enx-. 3.7583.00. Peppers — Supplies ht; ghe et M#’m. i crates, fancy, Cauliflower—8Su| 3 Onpotmit—rrwuu mnu de- mand moderate, market steady; Flor- No. 1, medium 4.508 medium size, 4.0084.35; 1000. The assets are now 334,000,000, an | St: increase being all the more interesting | options have { Wlshinclon Tlcl:er BY CLINTON conm, Associated Press Pinancial Writer. tion situation again came up before the Interstate Commerce Commission this week for um' in the ‘flght of lludlu} al arguments over the meaning of s.:pnne Court decisions that burm' the " problem, The rather confident bearing and tone of railroad spokesmen ‘who presented the carriers’ ition to the commission s;m. rnxr:hu pretty clearly the impression road: manage- ments- eonsider that the .court’s rejec tion of the Government's attempt to fix a 'llultlon on Tailroad—the & O] -has left them mue 0. !elr from ithe outcome of the celebrated proceeding. Fred H. Wood, who represented the O'Fallon company, insisted that the Supreme Court had told the commission to use estimated costs of reproducing a iven rail system as the dominating actor in fixing a legal valuation upon it. In special cases, he conceded, there might be superior elements to cost of reproduction, but, in general, that was the rule, and he insisted upon it in the face of a barrage of questions from individual .commissioners. Walter L. Fisher, former Secretary of the In- terior and special counsel for the Gov- ernment, will be heard later and will doubtless argue for a modification of this rule, as have done legal r:pru- sentatives of State commissions and of others interested in the valuation find- ing, It will be up to the commission to advance another attempt % "The. provaie : it, with prol eonnqulnca of still more appeal to the courts. 1t seems to be the opinion of inter~ state commerce commissioners and most. rallroad officials that the valuation con- troversy, while it will continue long into the future, has now reached a st of clarity that has removed any likeli~ hood that railroad rates will be seriously altered, either up or down, in its even~ tual settlement. ' What is to be deter- mined by its finel settlement js whether the Government can ever colleet any large sum from more prosperous raii- roads by a finding that their.carnings since 1930 have been in excess-of the declared allowable return of 6 per cent on the.yalue of their property. The O'Fallon’ case brought the matier to a Knottier points in the railroad valua- | action upon | . D.:0 FRIDAY JANUARY 24, 1930. | STEADY GAIN SEEN IN NEAR FUTURE Increase in Production and Lower Operating Costs Noted by Bank. Special Dispatch to The Star. CLEVELAND, January 24.—Gradual recovery for business through the first half of 1930 is forecast by the Union Trust Co. The bank looks for business to reach good levels of activity later whlch will be in_the year. ‘While the volume of business in some | tered gn .dvm. of 0.3 lines in 1930 is not expected to be as|week and are now 6.1 large as.in 1929, the bank believes that the year as a whole will be one of sat- isfactory volume and fair pmmt At the present time business is e blem of uusu‘.‘&.em ™ "'nu end:u feature of the sit- nllnt Krarhgg o) shares, uation,” the bai t read- Junmun is being accom| wt nz dhrdu Thml of. confidence e of h‘dw and a 1n wuudnul certainty of gradual and steady mov- ery as the year W Business on !h b mn- e “fi uneasiness or gro alal ‘While II. h!ldl of indi lnmbl the one hand curtailing ’“.g{ duction, thu are upon the othe - ning rea uun:tnu, installations methods whinh will enable them in the ful an orderly and effi- | 1,300,000 common hhed With- un an. up 16 per cent eS8 | Orders on hand Decem! Myontha‘ FINANCIAL Corporation News NEW YORK, January 24.—The fol- lowing is today's summary of important | V8. corperation news prepared by Standayd |-, Stailsties Co., nw.. New York, for the Associated Press. N!-I Trend. Of outstanding interest in '-hl day’s | ggo, news was the favorable annuml report Corpora- nof to com| Wwith ‘the Jike 1928 lieved due to the :;vqr-l ot’l;‘er Y ey ese resul esage a favorable quarter reporgr by United States Steel, B e e, | for e weel as et w like period in 192 lnd 6.8 points off from the 1928 lev Food and iarm O the cigh proun "x"m"‘? € the ndex eigl t) ex. Fuel showed the fl' m" common nhn-, lm sales, 000 common year 1928, based on 3,200, against $6.52 in 1938, based 6n shares; 1920 sales, Commodif taled us 060, per eent over iber 30, lnl. 4“ per u‘nt nhon’l‘hnnber !:. 1928: luring averaged unt o! capacity against 82 per mz’l': Geeo Manufactu 1929 earn eltlnlud at $3.50 ‘mlm sha il 1 928. Orders on hand January 20, IISO estimated at $2,600,000. o increase ‘plant capacity and redce | o, Tord( Motor to inasease production operating expenses. “Qne of the important encouraging factors is thl agriculture outlook, The ratio of tural products, prices of and materials which the farmers ,m‘ll it buy is more faverable than .bun he case for some ulr.nm thtubym t‘}‘lte hl;l:‘h ers. A larger mar Dm W be d house- the commission -ordered | h head because tll\t little line to pay ‘250 000 of excess to mepnuu e arder on s valu- ation had not given legal wc t to the |-hi road’s reproduction value. It was pretty .plainly intimated that commission had obtained an ap- proval of its theory of valuation in the O'Fallon instance it would have asked the more important oarriers of the country to pay over something like $400,000,000 to the Government. This would have followed out the tnspor- tation act sections which prescribe’that the Government shall recapture half the which any carrier may at- tain in excess of what will constitute a Qu?" oent mu mupo;nm :'Il\Illm te apparently, the chance roads b!lnr! mulcted for anything like this sum growing fainter, and the pending arguments before the commis- slon on the general subject sharply il- | lustrate the fact. Florida Fruit Fly. Members of the House appropriations committee are being faced now by the highly startling fact that an unsnun number o! Filorida residents are hflu rud usmm in efl'm hting ly in their State. .Chairman Wood: the appropriations committee and his associates find that there is almost no precedent for a protest by any loeality against expenditure of national funds in their neighborhoods, but that is the aspect the controversy is now-fak- the record of. the from 14 dh'uu that the Government's pc!m;.l'l:u workers eonsider it m‘mnnt for §1 fray the cost and mp up_the antine, but are opposed by many grow- Rightly or wrongly, the producers | rul that the steps are unnecessary, and }lope to “check the provision of the unds. “We do not want to see all the ap~ propriations canceled,” writes E. C. Mason, executive head of one of the larger orchards of Florida, to Chairman Woods. “We would like to have the d t given $1,000,000 or so to jump on any infestation that may oc- our, bu‘ the expenditure of ouooonoo would be very dhukv“:n and would unny be & wuu of public nwnoy. are making | j u um w h:v- the ac- & very &e‘ tivitles of department curtsiled. As you know, once the Government starts & bureau machine, it is a difficult thing to stop. There seems to be more pleas- ure derIM by the buruun in spending money than anything el There are of course, two sides to !hll The entnmolclhu assert that the gfllfll‘ the spread of mnsnum i nu of rnsen e which the Florida citrus people now seek to deny. Business Outlook Good. Government omellll, h:cmdln, dent have tmn!nl the lmpru-lon ln Tecent weeks that the chances are small of the country ex- periencing serious business depression collapse, h-d their views markedly strengthened {-umly '§_conference with a sroun of the best known busi- ness leaders of the country. E, Plemn. New York banker porary 8. nmrnd wcfm ur hours session with individusls who head some of the u':t wm:vl;& of 'fiu eoun- now 'nce of wing , nd the -current situ l'::n D. Young, chairman of the board of the General Electric Co., com- mentedthat “the chairman had said it all” and there was no showing of disagreement_with the conclusion by Walter 8. Gifford of the telep] mug.flem 8. du Pont, or -:{”omer These and a number of others cons tite the executive committee of '.he President’s National Business Survey Conference. ‘What was probably of the most sig- nmcnnea was the committee's conclu- sion that “the situation has become so far normal that no unuaunl methods dj.l &ma with the previous need be considered for the developmenu in- | urvm in fihpm few months. s Rali | WESTERN: MARYLAND RY. REPORTS GOOD PROFITS | Spectal M’lgsl"h ‘Thy Btar. Marylan :;'““I;oth gross . md mz revum-,”::: report Just isaued led. ar, :am hcrnud to {u extent of R — oLy :nvhn mg:u ot u.m“ of Hull, England. as a sequel to the Autumn stock market | | As Lewis | show, it 48 e expected that this ‘interest, wil be ‘shortly reflected In increased sales. Rigid Automobile Control. uid prevent say vost ven| RS LE such as t.hou xperlzneed by the m- ult.ry in the Autumn of hd to an average le of around 85 pvreent of uglcny. 'fi average for Deceml the Wl - of | &5 By the{Associated Preas, . Collateral interest rates last week, as aves out by the Census Bureau, mn. pla; level even lower that in Denmari k, of the country is dominated by three financial institutions, whose total re- sources are greater than all those of the other 176 combined. A Momy to Loan Wnl‘ In‘ ot on real Real Estate Investments Nat 5201 1520K SE.N.W. First Mortgage Loans I g, o Commonwealth llnltmnt Co., Inc. 1an Correspondent for udential Iusurance Co. of America for 3, 5 and 10 year periods on houses, apartments and busi. ness property in Washington, nearby Maryland and Virginia Randall H. Hagner & Compnny, Inc: Mort; Lm Cnrn,undm ork Life Insurance Co. ry schedule lor Mtwh calls for at least 179,000 Ilnlh ! m Federal Court issues o for oompnny to show cause why a re- ceiver should-not be appointed to také assets, . H. Franklin Manufacturing e-rnn $2,48 in mr 1929 against 63 cents'in 19 lord Oy_urnnd #4.69 In year : ]&'l Tnal W States Court of Appeals ‘enjoins this ton We Solicit from 1928. ber 31, lun to- | and $2.66 in year 1 unu mahl zfiwmfir 31, 1929 6.03 in year m 8. t!M n year fi S Philadelphia fleemn Co. 1929 output up 24 p('r cent; culwmell during year ereased § per 1928, M-Kulthorpmn to llgmd $15,- 1930. l'hll lllk " pre] ary statement shows earnings of $9.30 ln year 1929 va, $549 In 15, months to Decembu n 1928, on common stock. is-S8an Prancisco R.nu'-y ;;med tll 07 in year 1929 vs. $11.01 in W. A. Sheaffer Pen decla quarterly ferred dividends nl ll ler Payment in_1930. Sherwin-Williams declnrel extra diyi- dend of 12% cents and re rr cent from Iike 1928 period. hern Pacific (system) December, lnl. net off 9.5 per cent: net for year 920 increased 8.3 per cent over 1926. United Piete Dye Works declares four qu-rmly preferred dlvmndl of $1.:62% each for mc in ll United “States Pipe & Foundry de- clares qunurly dividends at usual rates on common, fi Pn ferred and second r’etm-d stocks for payment . during Vogt Illnuhet.urln. acquires Water- ‘Textile. Corporaf estern hnd Mumd earned Vs, $1.59 in 1928, NEW SECURITIES. o S e ukee, St. Paul & Pa- Chicago, Milwa clM Mfl!bld Cfl., fl,llflm 4% per equ! b trust ld - certificates, urhl ‘maturing equal annual installments of flfi 000 uch Novem- ber 1, 1930-1944, Priced to yield 4.80 tor ln.mlturmu. Offered by Ji fl ,000, m road “‘: -Jmuuy 15. 1930, Forbes & Co., The on.hnn Chatham )unlx 7 merce Trust Co. of Kansas“Oity, First Nlflonll Co. ut ‘st loull,‘-l. H. Moul- Co. and St Co. of is. the Rental Management of Your Property Whether Apartment, Residenée ot Business Prompt Collections RENTS REMITTED , AY RECEIVED . Oue Rental ‘Department is Most Complcte and Efficient. We offer co-operation at all times in the solution of Ownership Problems. Randall-H. Hagner & Co: Mortgage Loan Correspondent New York Life Insurance Company 1321 Connecticut Ave. N.W, - Phone Decatur 3600 Equitable Co-operative Bldg. Ass'n Organized 1879 JOY EDSON, President $3,062,549.85 JD $0th YEAR COMPLETED WALTER 8. PRATT, Jr., Secretary Surplus & Profits,, ,705,130.78 kbmlphu for the 98th Issue of Stock Being Received 915 F 20 Years' Successful Business 716 1lth Columbia Building Association Pays 5% Somi- et p—a $1 or More ‘Will Start Your Thrift Account See Us When You Want a Real E; SO (Under Government Supervision) SAVE AS YOU EARN THB Equitable's plan of sys- tematic savings encourages thrift in a manner that if con- mtentlf 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. NW. unded noually Without the Loss of a Dime e Loan St. N.W. E Metwpolmn “Dnlc Light Company House Heating Division . mrluc Company Real Ej tate Lond Pelln:: fitz result - ‘:.ff- - the experience .this ‘large conu,x " pany has had with home buyc over to the whole country. If you have not inves ‘many advantages we 80 at once. J-u&‘i s Mortgage Loan Correspondent Umv in Life Insurance Company