Evening Star Newspaper, February 16, 1930, Page 76

FINANCIAL. ~— ¥ D. C. FEBRUARY 16, 1930—PART SIX. FINANCIAL. - Steady Improvement Shown Throughout Country in Business Review. @pccial Dispatch fo The Star. NEW YORK, February 15.—Partly in anticipation of a good Spring peak of consuming demand rather than on the basis of present pressure, basic in- dustrial activity throughout the coun- try continues to increase steadily and is becoming increasingly probable thlt the low point of recession has been passed and that a definite uptrend is under way, says the Business Week in its report covering the week end- February 15. medllw building_activity is some- what weak pending Spring, but plans are piling up fast. In the latest week's records there are signs that general trade is lagging less behind industry. Carloadings and check money turnover picked up early in February and com- modity prices have tended to strengthen after acute weakness. ‘The world-wide, and particularly the country-wide, easing of “central bank Tates is of future rather than immediate mificance. Its effects will show them- selves in four or five. months and may be startling. Current money rates are low enough and general enough lo provide the basis for exceptionally Fall business expansion. After Fel m- ary hoodoos have been passed, the stock mlrket will probably begin to do some forecasting along this line. Although most weather signs are reassuring, politics® are piling up some thunder heads on the horizon in Farm Board and anti-trust policy. CONVERTIBLE BONDS FEATURE OF MARKET Price Range Small in Dull Trad- ing—TUtilities in Fair Demand. BY JOHN L. COOLEY, Associgted Bress Pipancial Writer. NEW YORK, February 15—High- grade bonds, were stationary in today's dull two-hour market. Trading was light, even for a Saturday, and only the convertibles made any pretense toward aetivity. Union ific refunding 4s rose half @ point in the prime rail group, which was stagnant. Denver-Rio Grande 5s drew out me te buying and im- proved fractioni in- the secondary up. Cuba 'Br:tl‘;o.d 5s rose 2 points. American Telephone convertible 4158 fluctuated around 150, for small net clun‘:s on fair volume. International ‘Telephone 4!55 moved up about a point in sympathy with the move in the shares. Chicago B Northwestern 4%s traded at about, There was s little life in some of the utilities. mumu Pn'er & Light 558 advanced 1!, on small sales, while American Telephone 5s of 1965 re- mained unchanged just above 101. Foreign bonds and United States ‘Governments were quiet. ‘The market heard that the Chicago, Rock Island & Pacific Railway was planning a $25,000,000 issue of con- ‘vertible debentures which might be fered on a rights-basis to stockholders, but no confirmafign’ of the report was forthcomin; —_— MACKUBIN, GOODRICH & CO. i OPENS FINE, NEW HOME Epecial . York :nd Baltimore Stock Euh&n'u. are occupying the handsome banking hmue which they have just completed t Redwood and South streets, Iti- nnre Formerly the site of the Federal Re- jand Trust and the of white Georgia 1l design and will be 115’ entirety—five floors and Mackubin, Goodrich & me: Co. is nnt only very beau- it embodies every modern, for the expeditious hnn- dling of mtumt bu\mus NEW YORK BANK STOCKS. NEW YORK, February 15 (Special). —Reflecting the- irregularity of other security markets, bank stocks and trust shares moved lower today. Bank of America, 133, was off Chatham- Phenix, 123, off 12: Empire, 81, off 1: Equimble, 419, up Y4: Irving, 583, off Manufacturers, 137, off 1. and Publlc, 1383%, off 3. The lollow!n. were unchanged: Bankers, 153':; Bank of United States, 85: Central Hanover, 360: Chase, 171';; Chemical, 813;; Na- tional - Ofty, 256; Commercial, 560; Continental, Corn Exchange, 219; Pirst_National, 5.675; Guaranty, 756, and Manhattan, 13'; VIRGINIA POWER CO. VOTES TWO DIVIDENDS Bpecial Dispatch to The Star. NEW YORK, February 15.—Directors of Virginia Electric & Power Co. have declared the following dividends on pre- ferred stocks, payable March 20, 1930, to stockholders of record at the close of business February 28, 1930: Seven per cent cumulative preferred stock quarterly dividend, 13 per cent, and a UNITED STATES WV“NIIENT. n 98.26 Lib 3% 1932-47 l' g 100.10 Lib 1st 47, s 1932-47. .101.; a 100.24 100,27 ¥ 101.18 100.28 Lib 4th 4%, s 1933-38. 101.9 101.1 101.1 +.3 126 98.25 US3%s1940-43..... 99.24 m’:.“ 99.1 l'sz::nsca-fl. . 99.26 104.26 103. U S 3%s 1946-56. 107.17 101.16 U 8 45 1944-54.. 11118 109.24 U 8 4148 1947-52. 107, Lt FOREIGN, High, Tow. 3 98% 95 Argenfine 98 94% A n“ 94 87% Australia bs'55. us“ 102% Austrig7s'43.. 105 95% 924 Bank of Chile 613 . 9% 9% 94 k of Chile 638 1961.. 108% 101% Belgium 6 11615 115 Belglum 7 111% 100% Belgium 72 Bolivia Ts et 102 Bordeaux 6s 7214 Brasil 6148 1926-57 94 Brasil 8s” 102% Canada b 88 Chile Republic 6s 1 23% Chinese Govt Ry b8 674 Colombia 6s 1961 Jan 96% Copenhagen b8 109% Czechoslovakia 8s 51 99% Denmark 5% 1955 103% Denmark 101% Dutch East Indies 101% Dutch East Indies 65 '6 104 Fiat7s 48 war. 97% Finland 78" 112% French 7s '49 118 French 7%s'41 84% German Bank 6s 1938 4 1064 German 7 81 Greek 6 96 Irish Fr 94 Italy 785 101% Japanese 6%s 54 92 Kreug&Toll 5 ct wi's9.. 11% Mexico 45 1904- 85 Milan 6% '52 104% Netherlands 6s % New South W orway 5las. High. State 58 '60. 99% Paris Orleans 5%8 1968. . 69 Perubs’60...... 91 PeruTs. . 106% Pirelli Co of Ttaly 7. ‘83, 93% Poland 88'50.... 99% Queensland 6s "¢7 105% Queensland 7s '41 99% Rhinelbe 7s. . 86 Rhine Westphalia 68 '52. 93% Riode Janeiro 88°¢6..... 64% Rio Grande Do 8ul 87 Rome 6%s '52 974 Sao Paule State of 83 '3, 106% Seine De 5% Ser! 87 Serbs Cronts Slov 85 % 102% Swissblis " 9814 Toho Elec Pw! 101% Utd Kingdom 6%s" 93% Uruguay 6s 1960, 82l Vienna 6s 1952 72% Warsaw 7s 19, 95 Yokohama 6s'61. MISCELLANEOUS. 98 Abram & Straus bls’43.. Y% 99 Alleghany Cocv bs'44. 103 Am Agri Chem 7} 75 Am Beet Sugar 6s '35 96'4 Am Chain 6s 1933.... 100 Am1G Chm5%s 93% Am Internation § 100 Am 8m & Ref 1st 103% Am Sugar Ref 65 '3’ 137% Am Tel&Tel cv 4%5'39 100% Am Tel & Tel 821 Armour of Del 5348 '43... 100 Atlantic Ref deb 58 " 103% Bell Tel (Pa) ref 99% Beth Steel pm 58'36. 54 Certain-teed 5381948, 94% Chile Copper §s "47. 89% Comm Invest deb 68 '48. . 60 Con Coal (Md) 1atre 36 Cuba Cane Sug cvdeb 9214 Dodge 6540, 96% Duquesne 41481967 66 East Cuba Bug 7%s'37 99 General Cable 5%s 1947 100'% Gen Motors 6s 37 106 Goodrich (BF) ¢ 4 90% Goodyear Rub 58 1957 101% Humble O & R 5%8'32, 91" Iniand Steel 438 1978 91 Inter Cement 97 Inter Mateh ba o, 96% Inter Mer Marine 83 - Inter Paper 68 A ‘47 112% Int Tel&Tel cv %8 89 Kendall 5%s'¢8 (war - 100% Lackawanna Steel 68 '50. . 100% Laclede Gas 5%s. 9815 Liggett & Myers 101% Loew's Inc 65’41 91% Loew's Inc 6s ex war'4l, . 84 Lorillard 5%s 37 .ee 70% Manatl Sugsf 7%s 993% Midvale Steel 58 '36 100 Montana Power 5s 1! 97% Nat Dairy Prod 68 "4 21'% Nat Radiator 6%s 1947 111% N ¥ Edison 18t 6%s 41 98% N Y Tel 414589, 106% N Y Tel 6541 99 North Amer Kd bs ' 100 Northern States Pow 5 100% Pacific Gas & El b8 " 102% Pacific Tel & Tel 102% Pan: 98 Pari 96% Philadelphia 91 Phil&Read C&I 6s 90 Philips Patrolm 5% Zfi 93} Postal Tel & Cab 92 Reming-Rand 5%;8'47. 99% Sinclair Oil 6s°30 100% Sinclair Oil 75°37 . 97 Sinclair Crude Oil 6%« 945 Sinciair Pipe Line bs and OIINY l‘/&l‘fil. enn Copper 6s'44 B ranscon Oil 638 ‘38 94% 92% United Drug 68 875 B82% U S Rubber 1st & ref 8. . 101 100% US Rub 73%s°30..,.. 99% 97% Utah Power & Light 5w 89 86 Ctlities P& L5%n 4T June 59 965 A BT, 7 88Y% 4 100'2 100% 4 100% 101% 78 80 % 100% 100% 4 101% 101% 90.16 99, 18 99.20 99.20 .104.13 104.4 104.6 107, 107, 110.18 11022 - ll t Low. Glose. Olite. 95% 9 “ 4 4 103% 1085 % 16 961 96% 102% 108% 884 89 26% 26% 6% 164 6% 97 110 110 100 100 104% 104% 101% 101% 101% 101% 4« 106% 106% 98% 99% 114% 115% 120% 121 88% 89% 107 107% 85 . 8% 96 . 963, 98% 99 108 - 103% 95% 951 125 12% 89% 91 1065 105 8434 85 101 101 88 88y 108% 103% 101% 101% Ta% 76 928 93% 12 12 94 94% 9% 101 106 106 102% 102% 89% 90 9l 99% 66l 674 09 90% 9815 107'4 107 T84 TR 881y B9% 102% 102% 9 % HE 4+ 14 £1% 4 e £ X +41 l | 2444 FEFEFTFFEE 1 961 + 85% 6% 95% 96 98y 99 % 101% 102 103 80 294 100 103% 80 4% 95k 2% 8% 100 100 104 104 148 150 4 100% 100% 103% 104% 102 102 T T4 14140 141 144+ FETIEFF FFE FEFFF 1+ 4 FE2 + & 101% 101% 913, 924 101% 101% 102 102% 100% 101 107 108% 93% 94 89 90 82 85% 100% 100% 100 100% 98% 98% 26% 30 1126 112% 99% 991 106% 106% 100 100% 100% 100% 101% 101% I|++||:!+é+ FFae FREEEF @ 108% 103 102% 103% 9% 98% 96% 91% 94 97 |41 © EFES & FF 9% 9% 95% 5% 104% 1043 102 1021 95% 95% 100 101 +1% 9% 99% — % 93y 93% — % 85% 87 +1% 100% 100% + % 9% 98% — % 86 7% + W FEN Money to Loan af trust en eatate. Secured Tor ST i ENTERPRISE SERIAL Walworth 6s'45.... Walworth 6138 '35 Western Union Tel 6%-. . Wilson & Co 1st 65 "41. 4 Youngstown Steel 55 RATLROAD. Atch T & S Fe ad) 459 Atch T & 8 F gen 4s " Atch To & § Fe 4454 Atlantic C L 1st 45 "5 Atl Coast Line 41, B & O gold 4548 B& OS W Div 5850 Bangor & Aroos 4s Boston & Maine 5% '6 Broadwy & 7th Av bs "4 Brooklyn Manh 1st 6s A Canadian Natl 4 s Canada National 415854 Canadian Natl 4%8 57 Canadian Pacific deb 4, Central Pacific s '49 vlofl“ Central Pacific 55 1960. .. Chesapeake Corp bs 47 i Ches & Oh gen 414892 Ches & Ohio 4% '93 A ChiB&Q4%s B 77, Chi B & Q ref 5571 Ch & East 111 gen 5 Chi Great West 4 Chi M StP &P 5875 Chi MStP&Padj 5 Chi & N W 63536 Chic Northwest Ts Chicago Rys bs'27.. Chi R 1& Pacref 4s'34 ChiRI& Pacd4%s wi Chi Union Station 414 Chi Union Station 6158 Chi & West Ind con 4, Chi & West Ind 548 CCC&BLLGSD Cleveland Term bs Cleveland Terminal 5 1. Colo & Sou ref Cuba R R b8 " Cuba North § Del & Hudso Den & Rio Grande cn 4 Den & R G West 58 Den & R G West 68 Des M & ¥'t Dodg Detroit United 4138 '32 Erle 15t con 48 '98 Erie gen lien Erie ref b8 Erie con 7 30. Flor East Coasi Fonda J &G ¢%8'52. ... Grand Trunk s £ deb 6o Grand Trunk T Great North 4 Great Nor gen o148 '52 Great North gen 7s'36 Havana Elec Ry 5%s Hudgon & Man adj 5557, Hud & Man ref 58 '57.. Ilinois Cent ref 4s'5 linois Central 43 s '66. . Inter Rapid Tran 55 '66. .. Inter Rap Tr bs sta '66... Inter Rapid Tran 6s Inter Rapid Tran ev 7s Int & Great Nor adj 6% Inter Ry Cent Am 6" Kan City South Kan City Soui 4 Kan City Ter st 4 Lake Shore 4s '31. hehllh Valcn 48 20 Louis & Nash uni 4s Louls & Nash 7s 1930 Viarket St Ry 7s A " Mil BI R & L 1st ref MStP&SSEMEY% Mo Kan & Tex 1st Mo Kan & Tex ad)j bs "6 Mo Kan & Tex pr In GsA. Mo Pacific 8 G Nassau Elec 48 '51. . NYC Y Cent deb 65 °35. Y R: N Y State Ry 4148 4 NY Wes & Bos 4138 103% 112 88% loou. 9% 814 95% 100 46 Norfolk & W cn 48 '96.., North Paclfic 38 2047 North Pacific 4597 North Pacific bs D North Pacifier i Ore Wash 1st ref 45 '61. Penna cn 4158 1960 Penn gen 412865 Penn 4% '63 Penn gen 5568 Penn 5s 1964 4 Penn 614536 Penn 78'30. Reading 4597 Rio Grand West col 45 RIArk& L 4%s'34. St L Iron Mt gen 5s " SLIM&SRE&G 4533, StL&SF prin4sA'50.. StL&SF4%s"18 St L & San Fr 58 B St Louis 8§ W con 4, s h 4 StPKCS Line 41841, Seaboard A L ref 4 Seaboard A L adj 6549, .. Seaboard A L con 6845, . South Pacific col 4849 South Pacific ref 4 South Pacific 4148 "68. Southern Ry gen 4s " Southern Ry 18t 55 '94 Southern Ry gen 6 South Ry dev 6% s Third Ave 1st ref 4s Third Ave adj 58 Ulster & Del s '28 4 Unien Pacific 1st 45 939 102% 100% 108% 81% 9744 29 89% Union Pacific 45 '68. Un Pacific ref 4s 2008. Virginia Ry 1st 5s 62, Va Ry & Power 58 '34. % Wabash 41481 Wabash 1st 58 West Maryland 5%s Western Pacific 58 '46 West Shore 15t 45 2361 Cen ref imp bs ou." 104% 110% 96 109 110% 85% T 9515 91% (RN +i41++10 114 + 11441 w. Stock and dividend. 15 Shell Tran 65% Simmons Co (g3). 22% Simms Pet (1.60). 22% Sinelair Con Oil (2) 109 Sinelair Consol pt (8. 20% Sk Of Sloss-Sheffeld 8tl pf (7). 5% Snider Packing Co Illh l‘: fl.fl. l’l& TV 95% Solviy Am Inv w w(5%) 104% % 24% So Por Rico Sug (2) 117 SoPorte Rico Sug pf(§ 56 Southern Calif Ed (3)... 18% Soouthrn Dair| ACH) 314 Southern Dairies B 119% Southern Pacific (6). . 131 Southern Rallway (8)... 98 Southern Rallway pf(5). 33 Spalding (AG) (3) i 108 Spalding A G 1 92 Spang Chalfant pf (6)... 13% Sparks Withington (l)u 6 Spear & Co. 71 Spear & Copt (7). 20% Spencer 21% Spicer Mfg 394 Spicer Mfg pf @ 361 Splogel-May-Stern (3) . 264 Stand Brands (1%)..... 117% Stand Brands pt (7) ... 5 Stand Coml Tob (1) 109% Stand Gas& Kl (3%)... 64 Stand Gas & El pf (4)... 10 Stand Invest Corp 57% Stand O of Cal (2%) . 98 Stand Oil Export pf (5). B!% Standard Ol N J (13) Stand OII N Y (1.60) Ht Stand Plate Gl 4 Stand Plate Glass p Stanley Co of America Starrett (LS) Co (2) Sterling Sec A) . Sterling Secur pf (1. Storling Sec ev pf(3) Stewart-Warner (h2 Stone & Webster (2 tudebaker Co (5) Submarine Boat. Sun Oil (11) Sun 011 pf (6, Superior Oil Superior 8 Bwi Co. Sy Telautograph Cp(11.26). Tenn Copper &Ch (1)... Texas Corp (3). Texas Gull lnlpbur (4. Tex PC&O (b10%).... Texas Pac Llnd Trust.. Thatcher Mfg (1,60).... The Fair (2.40). ‘The Fair pf (7). ‘Third Avenue. Thompson J R (3. lU). Thompson Prod. Thompson Starrett Co. . Tnompfiu PEAREW. .. Tide Water A Timken Roll.r Bg (3) Tobacco Product Tobacco Produc Transcontinent; Transue & Wil Twin Cily Rapld Tr ‘Twin City Rap Tr D!(”. 17 168 29% ™ Underwood-Ell-] Fllh(S) 122% Union Bag & Pa) Union Carb & C (! 0).. Union Oll of Cal ($2). Union Pacific (10).. Union Pacific pf (4) Union Tank Car.... United Aircraft,.... United Aircraft pt (3) . United Biscuft (1.60).., Utd Carbon (2) . United Cigar Stor: United Cigar pf, United Corp. .. United Corn pf (3)eeeen United D; United Dv"und of (1), United Elec Coal, . United Fruit (4). Utd Gas & Improv (1.20) H‘l United Gas Imp pt (5)., 13 4% 43% 0% 40 99‘i (Continued From Second Page) Net | —1980— dlghLaw. ~Stock and divl 7% United Paverboard. LnkPlecQDylw «@ United Store: ca lilll\ll J 8 & For Sec Hoftman Mch ( Indus Alcohol ¢ Leather. . Leathe Loumr prpf Plll“ Fdy (2). Pipe&Fy 1st pf Plpe&Fy 24 nf 1 Realty & Imp (5) Rubber, .. Rubber 18t pf. . Smelt & Ref (3%)... Smelt & Ref plll%) U § Steel (7)... U 8 Steel Corp pt ('l). . ll2‘m U 8 Tobacco (4) l'llvorlll Leat Tob (3), Univ Plcturu ut ot (3). Univ. Uil Pwr&Ll A (li) Vadasce Sales. Vanadium Steel Rumae 1+ T+ 44 ::—::::r:—'c—-rr: -mmnuumum, [+1 14441 ++ S 4% 1084 x108% 28% 28% 1% 'l’/n uv. 'lfl 14 ++14+1+1 14340144+ 1444441 | \« lr(lnll E) & P pt (") Vulean Detinning, . Vulean Detinning (W) I ++4+ - & Wuldorl ay m (. Walgreen pf FEy + P14+ Erg+++ ze Warner Bros Pic (4 Warner Bros P pf ( Warner Quinlan (2) Warren Bros (19). . I+E++4+ s & r2Fss Warren Brosdst pf 3) . 4 Warren Fdy & Pipe m. g Wesson Ofl & Sn pt (4). West Penn Eleo A (7) West Penn Elee pf (6). . LR e ‘enn Fower pf(6). West Penn Power p£(7). Western Dairy A (¢)... Wastern Dairy LARRERE S} Freese sEx2r ouse Alr B (2) Westinghouse Bl & M(5) Westinghse E&M pf (5) Weston Elee Inst (1). .. Waest Vaco culotlnou'. White 2), White u-ur- @) White Rock Min 8p (14) White Sewing Machine, , White Sewing M pf (4), Wilcex Oll & Gas, , Wilcox & Rich (A) Wilcox Rich, B (2). Willys-Over (1.20 wl:)yronrlua T4+1+0 1010110 =52ors Fe®s¥resis “FeEreEeE + +411 10101+ © - & FEFEET FF +4++ 1 - F 1Li++4 Yellow Truek & eh, . ow'l‘r.culshu 1) e e me FEIEEFEF Zenith Radlo........ RIGHTS_EXPIRE. Am R Mills......June 15 1% % Baltl & Ohio TUl4+ 410+ 1401001 14+441 11 #1 !4l+:~‘++l+4l++ l+44++44++ 41 +44++4 FE - 13% Dlvlaomi l‘llll as in the e e 2 AT in scrip. kel 13% nnual h 4% in stocl vel r,—ni"(ull! Iltlhl:b Payable ln‘ l:::k.‘ A 'a‘ uc\'\ "21 lfln -loek 1l’ o shoexho Pk A1 ld+ I+t First Mortgage Loans In Arlington County and Alexandria, Virginia Commonwealth Investment Co., Inc. 806 15th St. N.W, Phone Nationa) 3623 Mortgage Loan Correspondent for The lential Insurance Co, of America Established 1899 INVEST YOUR FUNDS IN First Deed of Trust Notes Bearing 6,9, Interest Depominations of 128060, W00 A "5 1.560.00 Coneutt. WELCH reattors Loan Specialists 15th & N. Y. N.W. Nat &'T ON REAL ESTATE lvrlllbl‘ funds at cure Inlfl MOORE & HILL, Inc. Since 2900 730 17th Street It You Are Above the Average Established 1399 MONEY TO LOAN AT 6% INTEREST Betore Elgsing or Kenewing Your Consult WELCH Realtors Lean Specialists 15th & N, ¥, Ave, N.W, National STOCKS TRADED Stocks, bonds and morte gages traded on attrac- tive real estate invest- ments with safety, yield and growth. J. P. QUARLES Doniphan Bldg., Alexandria, Va. Phone Alexandria 767 More Than a Third of a Century’s Experience You Can Rely Upon Our Judgment! Qur long experience in the managcment of Apartment House Properties equi 5 to intelligently cope with every condition and situation that can arise. If you want to enjoy your investments, delegate the man- agement of your properties to us. B. F. SAUL CO. National 2100 925 15th St. N.W. First Trust Money Aviilable JAMES F. SHEA 643 Louisiana Ave. N.W. ~No Inconvenience Terms If Desivec, Washington Gas Light Company House Heating Divi National 8280 I WILL BUY $2,000 City Investment 1st Mort. 615 % 1938. $500 Corcoran Courts 7% 1935, $1,000 2100 Mass. Ave. First Mortgage. I WILL SELL $1,000 Cocoran Courts 7% '1935. $1,000 Hamilton Hotel 6159 1942, $3,000 Fifth Ave. 7% 1935. 300 Great National Insurance. 50 F. H. Smith 734 % Pfd. 500 National Mort. & Inv. Com. “Qld.” 1,000 Miller Train C ntrol 10 Federal Cities Securities. 25 International Bank. R. E. Iav. l% Pfd. Tl;omas L. Hume 1412 G Street Nat. 1346-1347 MOST FINANCIAL WORLD SUBSCRIBERS APPRECIATE not only the accura¢y of our authoritative“analyses of securi- ties but also the fact that our recommendations are absolutely unbiased. The following recent letter from Mr. Samuel Green- baum, 1270 Gerard Avenue, New York City, is typical:— “My roason for rencwing is: ‘A belief in the wn. fltflmad honesty and fairness and squaremess of Gues . It is worth $10 @ year to rea nd elways aboveboard magasin If you reallze the importance of a truly impartial investment guide, return this “ad” with your addr, for a FREE copy of “Sound Investment Rules” and also of the February 19th Financial World, The latter will contain be- sides other valuable information, several complete analyses of under-valued stocks with good long-term profit posmhllmes. Among features in the next issue are the following :— On Their Record Outlook For Rail Equipments Which Oflco Equipment Stocks Are Attractive? Twe Beneficiaries of Low Crude Oil Prices Two Progressive Electrical z.ulmom On N. Y. Curb FlNANClALWflRlD ' America’s Investment Weekly Service Lowis Guenther, Publisher Established 1902 53-Fm Park Place New York SIARE FIRST MORTGAGES. BUILDING ASSOCIATION 7th St. & La. Ave. NW. 63rd Issue of Stock Now Open - for Subscription Shares of Stock, $1.00 Each Payable Monthly Jai — !. cumolly Janies F. llcrltl'i 6 per cent cumulative preferred stock Quarterly dividend. 1'% per cent PREFERRED AMONG INVESTMENTS You want to feel absolute security of . prircipal and be able to count definitely upon the amount of return from your in- vestment. That'is why our 6'2% FIRST MORTGAGES are so attractive. The principal is secured by conservatively ap- praised real estate—and there’s no variation of the interest throughout the ‘term of the mortgage. May be purchased in amounts from $250 up. B. F. SAUL CO. National 2100 925 15th St: N.W. An unusual epportunity of obtammg life insurance at a lower cost than the average is presented to those who can qualify as members of the Preferred Class of policy- holders created by tlie Home Life Insurarice Company of New York. Through a careful, scientific selection of risks, the members of this class are above the average in occupation, ennronment and physical condition, Wm. Gordo_:l Buchanan —is offered to those who are de- sirous of participating in the po- tential possibilities of a mnew financial institution whose busi- ness is that of the fourth largest industry in this country. .All products are covered by several U. 8. and foreign patents. Re- plies confidential. Address Box 228-8, Star Office. Councilor & Buchanan “fll‘l“h ountents National 6110-6111-6213 (Telephone Directary Omission) The Commercial National Bank Savings Deposits Bear Interest on Daily Balances for Day of D it to Day of Withdra: Compare this methed with usual method of computation, Call and let us explain. OFFERINGS WANTED International Finance Real Estate Mtg. & Invest. Com. Investment Bldg. Bonds. Tivoli Apt. Bonds Bank of Brightwood BIDS WANTED 1,000 Hamilten Hote! 614s 42 1,000 Overbrook Arms 7s '36 1,000 Chatham Apt. 63gs "33 1,000 Smith BHI 634s 37 3,000 Fairfax Phils. 63s '43 3000 Fifth Ave. 7s '36 1,000 Huntington Hall 7s '36 125 Atlantic Seaboard Airways 100 ‘.'l'c-s S‘u T¢|ovi.l}¢ 15 U. writy. Units are equipped to serve you 20 Virginia Plate Gl : s : 20 F. H. Smith 70 Pfd. in nll%u ing and fiduciary 50 F. H. Smith 7%4% Pfd. matters. The Bank of CAPITAL CITY CO Personal Service Washington Bldg. 14th & G Sts. N.W. Phone Dist. 8291.8202 Resources Over $20,000,000 WADE H. COOPER, President The coupon bclow is for your convenience in securing information about this unequaled opportunity without any obligation on your part, Over -a- Third of a Century Without a Loss First Trust and Offices for Rent in the Chandler Building 1427 Eye St. NW. L [¥, the heart of Washingion's oans ll.ng‘l:e Oflfll and Suites Other Departments FEATURING _ free seoretarial Applications Invited e ohhlle, stanographer, ice water on &:- ied elevators, uoal!ent oul Glover & Flather b 1508 H St, NW. ht and Venetlan blinds at all National 1753 H. R. Bryarly & Brother, Home Life Insurance Company of New York, 1001 15th Street N.W. Washington, D, C. Construction Please let me have full information regarding your Preferred Life Policy. Name idows. Reas L R S B S Date of Birth.. flu o T RS P THERE IS NO SUBSTITUTE FOR SAFETY