Evening Star Newspaper, January 31, 1930, Page 15

FINANCIAL. ENTERI’R!SE SERIAL ASSOCIATION u St. & La. Ave. N.W. 63rd _l:r.‘ Stock Now Open Shares of Stock, $1.00 Each - _ Payable Monthly James E. Connelly n-u“" Mone to Loan lnilf.l.limtnnfluuu. commission. .nfl,ntw-n.l.hml for 3, 5 and 10 year periods 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 Loan Correspondent New York Life Insurance Co. Secured by First Mortgages Safe—Conservative T 2. Wears’ and surplus funds s Pxperiénice in financing the highest in homes and in th est rate con: e ent with absolute sqje ‘of these se- curities. safety. Wm. H. Saunders Co. Inc. REALTORS Dist. 1015 This Payday ... Invest in 6% % GUARANTEED First Mortgages ‘—and enjoy safe, steady Return. ‘The safe first mortgages sponsored by this responsible corporation, is- sued to yield 6/;%, are secured on improved, income-producing proper- tiés, and backed by resources over $3,800,000. PRINCIPAL & INTEREST GUARANTEED You can purchase ‘these ‘high | character investments on convenient monthly installments. Availshle in denomipations ‘as - lTow as $250. Send for Booklet “The Success Plan” REALESTATE = - MORTGAGE & GUARANTY CoRPORATION Capital Resources over 33,800,000 24 JACKSON PLACE We Invite Applications for FIRST TRUST LOANS on Improved Property n NEARBY MONTGOMERY CO. AND THE DISTRIC’ COLUMBIA Periods of 3, 5 or 10 Years BOS: t?.”!i.',fELPS ohs Hancock Ma 1017 K st Lite Buying such securi- ties as we recommend will increase “your sav- ings gradually and steadily—not by leaps and bounds, but sure- ly, and you will build up a permanent income that will be a source of great satisfaction in years to come, First Mortgage Notes Safe 61/2% Prompt frem [SHANNON & LUeKy) 1435 K St. Nat, 2345 INACTIVE MARKET = Utilities Featured as List Joins in Further Advance. Volume Grows. BY JOHN A. CRONE. 8pecial Dispatch to Th NEW YORK, January 31 ~—Stimulat- ed by the slight gain in brokers' loans and the lowest call money renewal rate in two years, the Curb Market today turned active and higher. Volume was considerably larger than that of yester- day. E!%\ecu‘fednm;f & Sh:‘:!. the o“l’n:en- wether, the upswing. Opening at 89%, & gain of 3; on a block of 4,400 shares, it l‘lpldly mounted until it reached 913, a record high for the year, before meeting profit taking. ‘The early strength of Electric Bond & Share proved a buying signal for ‘the utility list. The New York State utili- ties, such as Niagara Hudson Power, were first whirled, and Commonwealth & Southern warrants, which were in brisk demand Thursday, again were active. American & Foreign Power, American Superpower, Utilities Light & Power, United Light & Power “A” and Middle West Utilities also moved forward. Duke Power in the first few sales rushed to a record high for the year. SIMMONS’ STOCK CRISIS SPEECH IS IN DEMAND Speclal Dispatch to The Star. NEW YORK, January 31.—E. H. H. Simmons, president of the New York Stock Exchange, finds that he has written a “best seller.” His speech, “The Principal Causes of the Stock Market Crisis of 1929, delivered on January 25 before the Transportation Club of the Pennsylvania Railroad in Philadelphia, has been printed in pl.mphlzt form by the exchange for tribution and already has renched & circulation of more than 200,000 copies, with the expectation that more than 300,000 will be dis- tributed. Some of the large stock ex- change houses have obtained sufficlent copies to send one to each customer. This is the largest circulation at- |tained by any pamphlet which has been put out by the Stock Exchange, the usual clr:’uht!on being about 10,000. DEFAULT JUD JUDGMENT AGAINST FOX FILM Special Dispateh to The Star. NEW YORK, January 31.—The Chase National Bank entered in the county clerk’s office yesterday a default judg- ment against the Fox Film Corporation for $353,740.20, including interest. The papers filed set forth that the tion was served with a com- t on January 9 last, and failed to answer within 20 days. The judgment is based on a $400,000 note made by the corporation’ on December 9, 1929. Pay- ment was demanded on December 28 lnldd on December 30 $48,233.89 was pal ‘When Federal Judge Frank J. Cole- man granted on Tuesday a two weeks’ adjournment in the matter of the vot- ing trust agreement between the corpo- ration, its voting trustees, class B stock- holders and Willlam Fox, he ordered that, while the agreement was thus held in abeyance, the banks involved should not execute any judgment against Mr. Fox or his interests, that ties be alienated: and corporation. In a statement on Wednesday, Sam- uel Untermyer, ‘counsel for Mr. X, said the judgments being . entes by Mnn were for their prompt protection case the pen refinancing pl-n (ntled of success. referred to filing of these actions, however, ag * vver- caution.” POTATO MARKET. CHICAGO, January 31 (#) (United States Department of Agriculture).— | Potatoes—Receipts, 111 cars; on track, 243 cars; total United States shipments, 875 cars; trading slow. market slightly easier; Wisconsin, sacked round whites, 2.50 to 2.60, few 2.65; Minnesota sacked round whites, 2.45 to 2.50; Idaho sacked Russets, 2.85 to 3.15. BONDS ON THE CURB Sales in [ESTIC thousand: A NDS. h. Low. . Noon. 5 FOERERSE 585585 000e5e58 FEESEE SN2 8S3882833352! a2 Gt SRORDIOND, s IO o 11 53! ) o g, o F255 S PSR SS222I38828338: s33303:328 588 n..u-41—wnuan—Auun“ann—cu“flv‘suuau‘uw-u-n.-—‘y_.—u. e J 65’38 Pow 6 A 2073 ¥ In 3hs 48 ww. nd P § 85 ow 41 % 90 10074 100% 1004 A o 6182 g 8 € A" 2025 Xw 103% 1033 10300 uth Cailt Ed 5 81 uth Calif 5: lgfl uth Calit G se* 3, % | uthern N G 9??? =88 3 3 ¥ OFEFEF $338 geSpsssses: 2222323333338 5_8828828882_ S THE EVENING STAR, WASHINGTON, ~Prev. 1930.— Stock and ‘Bales— d Rate. Add 00. Open. Low. Divident 1“% 21% Alnsworth Mfg $2%. 16 12% AirInvInccov pr.... 17% 16 All Amer Gen Corp.. 6 4% Allegheny Gas Corp. 1% % Allied Aviation. ] 5 AllIntInvCorp. 14% 12% Allled Mills (60¢)... 41% 35% Allied Pow & Lt. 48 45 Allled Pwr&Lt Df(l) 297% 275 Aluminum Co of Am. 108 Aluminum Co, Ltd 4% Am Brit & Cont..... Am CP&L B (blui) 20% Am Colortype (2.40)., 23% Am Cwlith P.A b10%. 34 Am Cwith PBb10%. / 8% Am Cmwith Po wa % Am Control Oil Flds. 25% Am Cyanam Am Dept Sto! 111% AmDIistT,NJ ev pf 7. 16% Am Equities. ... 65% Am For Powlr war.. & El 621 Am Laund Mch(4) 225 Am Lt & Tract (10). 84 Am Maize (12.80).... 45 Am Mfg Co (3) 1% Am Maracaibo.... 55% Am Salamandr. 24 Am Sol Ch cv pt (I). 18% Am St Pub S(A)1.60 23% Am Superpower (1). 5% Am Yvette (new) wi. 11% Anchor Post i (2) 47% Andre Citreon B rets. 17 Anglo-Am vot (73c) . 16% Anglo-Am votrg 73¢ 16% Anglo-Am n-v (73¢). 16% Anglo Chil Nitrate. A Ark Po & Lt pf (7) Art Metal Works(3) Asso-Dyeing & Pig. . 6l Asso-Elec Ind Ltd.,.. 6% AS50 G & E A (12.40) U AsSo G&E A deb ru 9% Asso Rayon pf (6) # Atiant ¥Fruit & Su, % Atlantic Lobos 1% Auanue Lobot 164 Atlantic Sec Corp. 22% Atlas Plywood (2) 15 Atlas Stores Corp $1. 7% Auto Voting Mach. .. 16 Aut V Mevprptii). 24% Aviation Corp of Am " Avi 37 Axton-F Tob A 3.20.. 122 Babcock&Wllcox t! 23 Bliss Co (ki W) (1).. 27% Blumenthal (S). 861 Brazil I & Lt (2)... 2% Bridgeport Machi 10% BrillCorp A (1%4). .. 1 BrilCorpB.... 32% Bulova cv pf (33%4) 3 Bureo, Inc.... 8 Burco, lne (war) 89 Burco, Incev pr (3). 14% Butler Bros (1.20)... 3% Cab&Wire LtdA rcts 1% Cab&Wire Litds rets Sy Can Marcomi. 30t Celanese Cor, 18% Celluloid Corp. 34% CenL ¥ Sv A (&l 1y Cen States Kl 1!409) 28 Cen States Kl war... 124 Chain Stores Stock. , b4'n b3l Ches & Ohio (new) 174% 148" ‘Chesebor Mfg (16) ' Cilies Service (380¢) ties Serv pt (6). TACLOr (L6V).. b2 Colgate-ral-¥ (i u: . 5% Colon LlL, 314 Comwith & Sou war. 94 Com'with& S pt (). :34 Com'with kudisun (¥) 102% 96 Comwlith Fow pt (6). léla 12% Com Wat Ser (b§%) % . 4 Comstack Tunnel 4 CAMCocuts % 5 Consolidated Copper. 4 Consol Cortez Silver. 905 Con Gus, Ballo(3.60) 21% Con Gas Ut A (2.20). 3 ns Instrament, 10 Cons Laundri 13% Continenta] O1l 28 Cooper Bessemer(2). 5 Copeland Prod Inc A, 114 Cord Corp..... 64 Cosden Oil. 36% Cr&Bpt (3%) ww. 41 Cumb’ind Pipe L(4). 2% Curtiss Airports vic, 1% Curtiss Wright war.. 1% Cusi Mex Mining.... 8 Darby Pet (1). Deere & Co (36) . 14% 12% Douglas Aire (76¢).. 9 Dubilier Cond&Rad. . 145 Duke Power (35) 13% Duval Tex Sul w.i.,. 26l Bast Gas & F Asso. 18% kast States o B(1). 7w Kastern Util Inv A.. High. Low. 4?:36 24% 24 Pt W EETRTS Y o e SCan@Breneia T 258 -~ 50 11 1 1268 508 3 @ *roalnaar AR 1419 Ey 70- 106% 106% 106% 1 2 4 2 o = enbEEnrronrtio 3! 2 s - RormeRan ENRNpuRRre - SIS 1% - 16 % 1 14% 16% % 1 14 16 % 1 5% 14% 41% 43% 41% 46% 298% 125% 130% 126% 5% b% 3! 110% 110% uo% 20 2% 6l 59 45% 45% 9 49 b !‘Ih 129 2% 8%, 38% d6% ¥ 3 40 14% 3% 1 % 305 17% b3, Z1% 29 Ao% b4 4Th 303 8% 38% 17 27% 24% 35% 3% ) 29% 3% 20 2% 6% 9 49% 129% T 8ly 39% ssh 40 14% Bl 1 % 304 17 86 2% 29 16% 86 46% 2984 % T8 38% 16 27% 28% 35 3% W 284 3% 8% 20 2% 614 45 9% 129 2% 8%, 38y lCX!l 162% NM\ 29% 8% 1im 65 24 o3 4% 95k 5 1us 4b4% z541s 2bals 3 Y6 96% Y6k, » - . | 1% - 5 L o & - * 106 1064 105 8 A% 124 B 49. 120 14 324 5 18% G4l oW ) 19 39% o3 1% 8% s 4% 6% 2% % 5% 13 16k 16% 15% 1 1 l 6 80l K1 Bond & Sh (b6). . 2050 106!/"- 103% El Bond & Sh pf (6). 24% Klec Pow Asso (1) 22% Klec Pw Asso A u). 28% Bl P& Lopt war.. 164 Elec Sharehldg (31). 80 Kl Sharehold pt (6).. 14 Empire Fire 1n: 14% Bmp Pub Sv A(1.80). 12 Empire Steel Corp. .. 42 lureka Pipe Line(4) 4% Evans Wallow Lead. 215 Fageol Motor....... ' Falcon Lead........ 64 Fansteel Products. . 84 Fedders Mg Co (A). 227 Federated Metls (1). 1% Fiat Stk deb rts. 174 Fiat Stk deb rts rets. 26 Flintkote A (1.50)... 18% Fokker Afrcraft.. 6 Foltis Fischer Corp. 29% Ford Motor Can A, 10% Ford Motor Ltd. 17 Foremost Fab (2 33 Fourth Nat lnv. 2% Fox Theat Cl A. 41% Fren Line B (2.5 (“.ilena Sig. ctfs. dep. ) uarlock PKg (L. zw.. iz General Bakini 454 General Bak pf (6).. 11% Gen E Ltd rets (60¢) 21 Gen Empire Corp. . 13 GenGas& El (A). 10% Gen Indus Aleohol 8 Gen Laundry Macl 9% Gen Rity & Utiliti 18% Gilbert (AC) (1)... 21% Glean Com Harn(1). 11% Globe Underwriters. 30 Gorham Inc pf (3).. 1% 1% Goth Knitback Mach e 236% GrA&PTnv (6).. 31% Graymur Corp. . 12% Groc Stors Prod Vlu. 16 Greenfield Tap&Die, 24% Ground Gripper (11) Guardn Fire Assn(2) 133 Guif Oll of Pa (1%). 14 Hall Lamp ($1.50) 49 Hambleton Corp cfs % Happiness Candy. 14% Hazeltine Corp (1).. 5 Hollinger Gold (60c) 21% Houd-Her cv pfA2i 8% Hudson Bay M&S.. 78 Humble Oil (2). 55 Huylr S,Der cm pt 7. 87% Hydro Eleo Serv (1), 10% Hygrade Food Prod. 310 306 IllinoisPL (20).... 25% Imp O11 Can n (60c). 20% Indian Terr Illum. .. 38% Ind P L new (12), 54% Insull Ut Inv(b6%), 69% [ns Coof N Am (13), 1 Intercontinent Petn, 20% Intl Petrol, n(62%e) 32% Intl Superpow (11). 36 34w Iternatl UtA (3%).. 8% % Internatl mn...... ld 27h 26% 1z 16% B9 ll .‘Mm- usu 200 13 9 168% 18 2% 26% 12 16% 9% 15 104% wm. 104% 27% T ofPxr 8RR En-BraRrrenne » PP TSN AC “ 36 20% 15 45% 114 21% 14% 12 8 14 19 28% 16% & o'a 37% S08% 26 32% 40% 2% 26 4% 19% 20 14 m 36% 381 13% 16 24% 41% 28% 136 42% 508% 26 29% 40% 624 5% 1% 204 34% ELLY ~Prev. 1930.~ Low, 1 10% 40% 9 % Internatl Util ( Stock and Bales— Dividend Rate. ar). Interstate Equities. . Interest Ea ev pf (3) Interstat H M (1.40). Irving Afr Ch (1.50). Italian Superb war.. Itallan Superpow A.. Johnson Motor Co. Kirby Petroleum. Knott Corp (2.40)... Kolster-Br (Am Sh). Lackawanna Sec(4). Lang Unt Bak A (2). Lang Unt Bak B (2). Lefcourt Real(11.85) Letcourt Real pf (3) Leh Coal & Nav (4). Lehman (The) Corp. Leonard Ofl Lerner Stores (2) Raoaiuma e 0 00w s e Louisiana Lan & Ex. Mac Marr Stores. ... Man-Bowman A (1% Mare W T br sh(62¢) Marine Mid Cp (1.20) Marland of Mexico. Mavis Bottling. . Mayflower Assn. .. Mer Chap & S(1.60). Mesabi iron. . . Met Chaln Stores. . Met & Min Inc (1.20) Midl Unit (b1% %) .. Middle Wst U(b8%) Mid W Ut ¢v pf xwé. Mid West Ut A war., Min Corp of C (25¢). Miss River F Cp war Mo-Kansas Pipe L. . Mock Judson Voe(2) Moh H P 1st pf (7) Morison Elec (31 Mount Prod (1.60). Nat Amer Co (2) e wrrnSrarouEBr0e RN NanH~ o ) a5 Nat E1Po A (1.80). Natl Fam Strs (1.60) Nat Fuel Gas (1)... Nat Investors (new) Nat Pow & Lt pf (7) .2258 Nat Steel Corp xw (2, 25 Nat Steel Corp Nat Transit (1)..... Nehi Corpn (1.30). Newmont Min (34) New Brad Oil (50c) New Hav Clock t1% . New Jersey Zinc($4) N H Hamburg (2%). N Y Invest (1.20) N Y Merchandise (l) N Y Rio&Bu Afrei NY Telpf (63%).... Niagara Hud P(40¢c) Niag Hud Pw A war. Niag Hud Pw B war. Niles Bement Pond. . Semann mm® North Am Util Sec. . North Cen Tex (60¢) Novadel Agene (2).. Otis Elevator new. Outbd Mot A (1.80) Outboard Motor (B). Pac Pub Serv (1.30] Pac Western Oil. Pandem OIl. Pantepec Oil. Param C Mfg (2.40). Pennroad Corp...... Penn Mex Fuel (2) Penn Ohio Ed(31%). Penna Wa & Pwr (3) Egop Drug Strs (1).. ‘eop L&P A (a2.40) Pet Milk pt (7). Petrol Corp (1%) Philip Morris Ine. Pilot Rad T A (1.20). Pitney B P n (20¢). Pitts Forging Co. Pitts & L E ¢5) . Polymet Mfg (3 Plymouth Ol (2) Power Corp, Premier Gold (24¢) Propper Silk H M (2) 22 Prudence Co pf (7). 150- Prudential Inv. Pub Util Hold wa: Pug SP & Lt pf (6). Radio Products (2) Ry & Util Inv (A)... RainbowLumProd A RainbowLumProd B Reiter-Foster (40c). iable Strs (b5% ). Rel'nce Managemnt.. Republic Steel n wi.. Rep Steel cum pf wi. Reynolds Bros inc. . Reynolds Met n 2.40, Rike Kumbler (2.20) Roan Antelope Min. . Rocklans Lt&P(92¢). Roosevelt Field, Ine. Russek's Fifth Ave.. Ryan Consolidated. . St Regis Paper (1).. Safety Car H & L($) Salt Creek Prod (2).. Seeman Bros (3). Seg Lock & H (50¢) Selberling Rubber. Selected Industries Sel Ind allot ofs 5% Sentry Safety Cont Shattuck Den Min. .. Sheft'r Pen (WA) (2) 20- R TP T TR PP SE P PPN SIS @ s el » Silica Gelet. .. Sisto Fin Corp. Solar Reflnln‘ (2 %) o €0 80 011 10 i Y et 21 8910 B O 3 3 N0 e et e DY So Cal Ed pf C(1%). Southern Corp. .. So Ice & Utilities B So Pipe Line (12) Southern Stores A. Southland Roy (1) » Stand 011 Expt pl(i) Stand Oil, Ind (2%). Stand Oil, Kan (2)... Stand Ol1, Ky (1. Stand OIl, Neb(13%) Stand Pwr&Lt(new) Stand Pwr & Lt. B. .. St Pow & Lt pf (7) Starrett Corp....... Starrett Corp pt (6). Stuts Motor Car..... Sunray O1l (40¢). ‘Tampa Blectric (33). Taylor Milling (13).. Thermold Co (2) Third Nat Inv (1). Tobacco & All Stks Tobacco Pr Export Transamer ($1.60) Tran Con Air Tran. Trans Alr Trans of: Transcontl Oil (30c. Tr-Lux DLP S (A). Tri-Cont Corp war. . T'ri-Continental Cor. Tri-Cont Corp pf(6). Tri-Util €or (31.20). Tub Art Silk B (10). 130s Ulen &Co.... .. Ungerleider F Corp. . Union Amer Invest. . Union Tobacco. . Unit Carbon pf (7) Utd Carr Fastnr 1.20 United Corp wa ma g onBrBabnenanksanats - % United Gas Co. Unit Lt&Pwr A ) Utd Lt & Po pt (6).. Unitd Profit Sahring U 8 Dairy (A) (5)... USDairy B... U 8 Elec Pwr ww. 8 Finishing (32) SFoll B (1). 8 Gypsum (1.60) S & Interntl Sec. .. S&In 8 s 8 e ctf (234). Lines pt (50¢c)... Radiator (2).. Radiator ctfs(2) U S Shares Fin...... Unit Verde Ext (4) coocgaaaq Utllity Pw & Lt(a1): UHIP&L B etfs (l”‘ Utility & Ind. Belennnaxole Received by Private Wire Direct te The Star Office .. A«ouonnlln l:mvmn lOVa ‘l“ 5% 29\‘ 27‘/. % 42% 26 24 22% 1] ln 82% 1% 50 22 15 44% 45 83 n% i 2% | eral reduction ‘of ¥ of 1 D. C, FRIDAY, JANUARY. 31, 1930. CURB SHARESRISE |"NEW YORK CURB MARKET ~Prev. 1030.—~ Stock and \High. _Low. Dividend Rate. 15 10% Utility Equities..... 93% Vacuum Ofl (14%).. 12‘6 56 14% 9B% 10% Vick Fin Corp. % 8% Waitt&BondB(1.40). 54 Walgreen Co....... 25 Walgreen Co war. 10 Walker (H) (1). 1% Watson (JW) Co: Bales— Add 00. Open. FINANCIAL. wHe A_IS —Prev.1930.~ _ Stockand Sales— High, Low. Close. | High. Low. mnmlmy«fl-. Hish. lfl Close. 16% 145 3 18 westAirExp B 2 18% 16% Williams R C (1.40) 0% 20 1 oo ind 4% 3% Winter (Beaj). RIGHTS. e il 1% 1% Baitimore & Ohlo. Expire. Mar, 11 103 IK IK 1% 1% 9 Feb. 24 5% 59% 35 10%: 2% C. & P. PHONE NET OFF DURING 1929 Total Operatlnu Income Re- ported to Utilities Commis- sion as $1,642,492. ‘Telephone operating revenues for the month of December, 1929, ver§ l'lgz- 177, with operating expenses of $533, 863.. Net revenues after deducting taxes and uncollectible were $185,195. For the 12 months ending December 31, 1929, the company’s operating rev- enues amounted to $8,334,166. Operat- ing expenses during this period were $6,145,666, making net operating rev- enues $2,188,500, a decrease of $152,- 213 compared with the 12 months end- ing with December, 1928. Taxes and uncollectible for .the 12 months of 1929 were $546,008, making the net operat- ing income $1,642,492. Net additions to outside plant and central office equipment added to the telephone company’s system in the Dis- trict of Columbia for the 12 months ending with December amounted to $3,606,461. Gross additions for this period were $5,045,592, with retirements 0( $1,439,131. At the close of business December 31 Washington was served by 158,913 telephones, 8,553 having been added during the year. Not only has there boen l.n appreciable increase in tele- es, but both local and toll calls ve increased since the same month last year. Washington telephone users made more than 17,104,000 local and 546,255 out-of-town calls during the month. This was in increase of 2.1 per cent in local and 9.8 per cent in toll calls. ‘The following comparisons cover the financial operations in 1929 and 1928: 12 months 12 months. 1929, 1 Telephone operating Tevenues $7.914.307 Operating expenses. Net operating reve 5,573,494 2,340,713 14,168 6,145,606 32,188,500 546,008 1,642,492 1149 R 49,180 350,732 1,317,728 GRAIN MARKET. CHICAGO, January 31 (#)—After collapsing today to about 50c a bushel below the season’s top price level, wheat values here recovered to above yesterday’s - finish. pol of frost damage to the domestic Winter wheat crop Southwest were a factor in caus- ing the market to recover, and so, too, were assertions that new wheat in Ar- renunl available for prompt shipment scarce. ~ With Argentine and Aux'-rllhn shipments smaller than a week ago, it was contended in some quarters that importing countries have practically no alternative: but to center upon North American wheat. ‘Wheat -closed unsettled here, future deliveries finishing at the same as 24 hours before to gc higher. Corn closed l/. m 15a%c advanced, oats unchanged 1456 up and provisions ranging from 1c decline to a rise of a shade. 585,494 1,755,219 40.786 1,796,005 ind Rents ‘and" mueel- 7 39,381 laneous NEW YORK COTTON. NEW YORK, January 31 (#)—The cotton market opened very steady to- day at an advance of 8 to 15 Wmh in response to relatively steady Liverpool cables. The extent of the recent decline seemed to have created reactionary sentiment, and there was nv.her active covering, which appeared to com- bined with some trade and comminlun house buying. May sold up to 16.51 and October to 16.92 on the initial demand, but buyers seemed to be getting their contracts at the advance, “and market _soon weakened under a renewal of more or less general selling or liquidation. FINANCE SERVICE CORP. DIRECTORS ELECTED All directors of the Washington Finance Service Corporation were re-elected at the annual meeting of stockholders. They are David A. Baer, Marc S. Goldnamer, Harry S. Wolf, Simon Fleishman, Alex- ander Wolf, Fulton Brylawski, William B. Wolf, Edmud I. Kaufman. Officers are Edmud I Kaufman, president; ISeunder Wolf, vice president and gen- ‘al counsel; Willlam B. Wolf, secre- tary; Simon Fleishman, treasurer, BANKERS' ACCEPTANCES. NEW YORK, .nnunry 31 (#).—A gen- per cent on all maturities of bankers' acceptances be- came effective today. The rates on 30 to 120 days are 4 per cent bid, 37 asked, while on five and six months the new figures are AV. bid, 4 asked. NEW YORK BANK STOCKS. NEW YORK, January 31 (#).— b Bid. Aulad 131 134 16415 124 2261 3200 Count; Eauitable uarant; FOREIGN EXCHANGE. (Quotations furnished by W. B. Hi\ 3 ‘Nominal soid Sellipe Shecks own’ Shotknaiom "ciows The National Oarbon Co., lubcldhry ;\Il..'-hs Union - Carbide & Carbon Co., gl’!ll.ln\nlry statement of the Childs 1929, shows .net equal to $2.56 a stock, compared with $1,002,425, which amount included from the ‘sale of it ings, or $1.80 a share in of the last quarter of 1920 amounted to $584,228, equal to $1.37 a share, as against $309,205, or 61 cents a share, in '.h_enforreapond\n. quarter of 1928, F. Inc., ations for 1929 reports net $1,820,000, equal to $4.02 a share on 381,939 EARNINGS REPORTED. bined tof of $1, NEW YORK, January 31 (P).—The | the: twe ":'m,.,,‘ N, "E}* o,._m 5-10-25 Cents mm-u. !nc c Silver & Bros. Co.—for 1928, wh!ch Was equal on the same capitalization to $3.64 & share. The companies were merged late last year. Net profits of the N-flnnn! Co. of Cleveland, ‘0. for the year ended December 31, rofits of $1,277,138, e on the common rofic' of 41,057,055 Savoy-Pl 1928. - Profits "““um‘"’f $3.12"a common lgnlm Ll meu or $2.80 a -hun in P R Deere & Co. officials state that the dividend rate on the new stock to be outstanding after the 5-for-1 split-up has not been discussed. . & W. Grand Silver Stores, in its preliminary report of oper- earnings of shares on no-par common Metropolitan Life Insurance Company REAL ESTATE LOANS AVAILABLE Long Term Low Interest Rates Consule WESEESRS 809 15th Se. N.W. District 9486 Mortgage Loan Correspondent Metropolitan Life Insurance Company FIRST MORTGAGES ARE YOU GETTING THE UTMOST? A perfectly natural and legiti- mate question to ask yourself when you are considering the purchasing of our 6%% FIRST MORTGAGES “Yes" is the answer—hécause of the soundness of the security and the regularity and yniform- ity of the interest payments. The best proof is over a third of a century without a single loss to an investor, Over a Third of a Century Without a Lot May be purchased in amounts from $250 up upon our conven- ient partial payment plan. B. F. SAUL CO. National 2100 925 15th St. N.W. THERE Loans Made on Real Estate Money to loan on ’improved real estate is a special function of our service. Loans are made for a specified time, and, if desired, payments may be made monthly under our partial payment plan. Applications for loans 'receive prompt and courteous consid- eration. Consultation With Our Real Estate’ Officers Is Cordially Invited Washington Loan and . Trust Company F Street at Ninth, Seventeenth Street at G President ) HERBERT W. Assistant Real Estate Oficer