Evening Star Newspaper, March 15, 1930, Page 22

B—S8 * BANKING PRACTICES - INPROVED IND. . M’Quade Says Weekly Lunch- eons Have Aided Better Understanding. BY EDWARD C. STONE. Edward J. McQuade, vice president of the Liberty National Bank and sec- | ond vice president of the District of Columbia Bankers’' Association, in an address before 900 bankers at Phila- delphia yesterday on ‘“Co-operation Looking Toward Better Banking Practice,” declared that . the weekly luncheon plan in vogue among ‘Washington bank- ers had done re- markably well in bringing about a steady improve- ment in banking practices in this city. Mr. McQuade said: “District of Co- lumbia bankers have for many years recognized the value of getting together for the dis- cussion of common problems. One means of getting together has been the weekly luncheons, inaugurated in 1922, for senior bank officers, to bring about more intimate and more fre- quent contacts. Discussion at these luncheons is always frank and never carried beyond the meeting room. Ideals are exchanged and problems | worked out. “One outgrowth of the weekly lunch- eons was the creation of a protective committee. Another was the appoint- ment of an advertising committee. The advertising committee has conducted & number of co-operative campaigns, which have not only becn productive of results, but have meant a_tremendous saving in money to the participating banks. Its first campaign was to pro- mote Christmas savings clubs and was put in operation in 1925. Today the City of Washington stands first in the amount of the individual average of Christmas club_savings. The 1930 club has a membership of 92,192, represent- ing $7.835,123. The 1925 club had 66,~ 279 members, representing $4,447,741. “No single activity of the association done more to improve banking methods and practices in the District of Columbia, to protect the business, promote the welfare of its members and foster fraternal relations among those engaged in the banking business of the cummunity than has the custom of the senior officers of the banks meeting at luncheon weekly,” the Washington banker asserted. The conference sponsored by the Amenun Bankers' Association, heard i akers yesterday on various wplu relating to bank management, presenting the results of actual banking experience in a most interesting light. ‘The sessions close tonight. Fifth District Building Status. After an unfavorable record during the closing months of 1929, building permits in 32 fifth district cities turned upward in January and exceeded in estimated valuation the volume of work provided for in January permits of the preceding year. New York pro- vided for in January 1930 permits was higher valued than permits for similar ‘work issued in anyeother month since July, 1929, and was 10.8 per cent above estimated valuation in January, 1929. Edward J. McQuade. The actual number of perm s issued last month was less than in the cor- responding month of the previous year, but the average value of each permit was higher in the 1930 month. value of alteration and repair permits issued last month was less than in Jan- uary, 1929, chiefly due to unusually high’ figures for this class of work in January last year in several cities. Combined valuation figures for sll classes of permits issued in January, §930, exceeded the January, 1620, total by $414,103, or 4.3 per cent. Exactly half of the 32 reporting cities showed higher 1930 valuation figures, the small- er cities comparing somewhat more fa- vorably ‘mh thelr 1929 records than he hr‘;r . r!poned higher figures for new construction mn last year, but a material decrease in alteration and repair work resulted in a decline in the 1930 total for all classes of work, Richmond Reserve Bank says. American Stores Boost Profits. Operations of the American Stores Co. in 1929 were featured by an in- crease in the profit margin on each dol- lar of sales and a continued expansion in gross, effected mainly through con- centration and promotion of sales in established units. Net income for 1920 was $6,594,823, or $4.25 a share, against $5,570,669 in 1928, or $3.31 a share. ét earnings from operations, before depreciation and taxes, were $7.802,673, compared with $6,738,368 in 1928, an increase of u,ou 305, accounted for by a gain in rgin of profit to 4.8 per cent' from per cent and an increase in gross sn]es to $143,346,157, a record figure for the company, compared with $137,311,~ 513 in 1928, previous record. ‘The 1929 sales results were the more impressive, as the company added only 98 stores to its chain during. the year, | bringing the totel as of December 31 last to 2,644 units. In the preceding three years expansion was at the rate of 187 additional stores a year. February Insurance Gains. Figures compiled for last month show that Americans purchased in February 3.1 per cent more new life insurance than was bought in the corresponding period a year ago, These February figures transformed a decerase for January into a slight increase for the two months of the year. These facts are indicated by a report of the Association of Life Insurance Presidents, comprising 44 member com- panies, which have 82 per cent of the total volume of life insurance outstand- ing in all United States legal reserve companies. For February the total new business of all classes written by the 44 com- panies was $1,003,478,000, against $973,- 048,000 during February of 1929; new ordinary insurance amounted to $730,- 735,000, against $683,663,000; industrial insurance amounted to $212,813,000, against $230,778,000, and group insur- ance was $59,930,000, against $58,607,000. Seay Elected Vice President. At a meeting of the board of directors FINANCIAL. ¥ THE EVENING STAR, WASHINGTON, NEW YORK STOCK EXCHANGE Received by Private Wire Notice—All stocks are sold tn one-h share lots s (283s), (85s) the letter s - odd lots only. e Stock and Sales— i Dividend Rate. = 4dd 00. Blen. Lew. Clom. Closs. Hish Low. : 34% 23% Adams Bxpr (1.60).. 19 82% 31% 381% 314 41% 22 Advance nnm‘q [N 2 :5* u: 35 33 % % Ahumada Lead.. 140% 118 Alr Reduction (3 34% 1381 134% 135 83% 21 Alr wnmApuu). us uh 88 34 33y 2% 1% Ajax Rubber... 1% 1% 2 94 7 Alaska Juneau. T T T 24% 23 Alleghany Corp. 30 30% 30% 1071 95% Alleg Coro pf (6%).. 9 104% 104% 104% 104% 99% 99% Allegh'y Cpfwwb% 2 99% 99% 99% 99 | 282 255% Allled Ch & Dye(n$) 2 267T% 267% 267% 268 { "68 494 Allls-Chalmers (3).. 41 64 62% 6315 63% 33 281 Alpha PortCemt(3). 6 34 334 34 33 22% 18 Amerada Corp (3). 8 214 21 214 21% 314 2% Amal Leather..... 2 2% 2% 2% B, 84 6% AmAgriculChem... 2 7% Th Th 98 77 2 90 87k 89 88 12 7 2 104 104 104 10% 424 36 2 45 44 44 42 55% 40% Am Bosch Magneto. 2 50w b50W B50% 52 5314 46% Am BrakeShoe(2.40) 2 5l% 61 51 52 128 118% AmBrS&Fpf (1).. 208 126 126 126 1274 17% 8% AmBrownBovEles. 2 14% 14 14 14% 146% 1174 AmCan (4).. 94 141% 140% 149% 1408 145% 140% Am Can pf (7). 1 144% 1444 1444 144 82)s 77 AmCar & Fdy (6) 3 79 784 TBW T9% 116 110 AmCar&Fpf(7)... 2 1124 1124 1124 1123 97 75% AmChainpf(7)..... 1 94 94 94 95 4714 36% AmChicleCo (12%). b 454 444 45k 46y 33 24 AmCom Alco(nl80) 2 5% 26% 6% 26% 49% 35 Am EuropeanSec... 2 4Th 4T% 4T) 48 1014 82% Am & For Power.... 117 86% 85 85% 87 110 107 Am&Forn Pwrpf(1). 1 109% 109% 109% 109% 31 19% AmHawatianSB(3) 4 28 26 28 254 66% 55% Am Home Prod(4.20) 2 66% 66% 66% 66 39% 35% AmlceCo (t4).....r 1 87 87T 87w 37u 51% 35% Am International (3) 86 47 464 46% 47y 106 94% A.ml.ceomounu).. 2 94y 94 94y 95 513% 44 Am Metal 2 44 44 44 gan 76 65 Am Nat Gy % 6% 5 1 % Am Piano... £ nw% 108% 77 Am Power& Lt(fl) 23 1om 1043 104% 106% 10815 100 Am Pow& Ltpf(6). 2 102% 1024 1024 1024 86% 80 AmP&LprAst(5). 2 86% B86% B86% 864 38 304 Am Ra&StdSan13. 74 35k 34l 4% 34w 185 1264 AmRad &SSpf (7). 30s 133 133 133 1324 34% 204 Am Republics....... 11 3l 30% 31 30 100% 80% Am Rolling Mill (3). 6 93% 925 93 92% 264 17% Am Seat 11 2Lk 204 21% 214, 2% 1% AmShip&Com.eees 2 1 2% 1% 1% 781 69% Am Sm A Ret (4). 19 71 704 70% To% 43% 42w AmSnuffCo (1344).. 2 42% 42% 42% 43 67 604 AmSugar Rfg (6)... 2 6814 631 631 63% 26% - 15 20% 20 204 20 Tie 20s 2T 27 2T 20w 243% 216 Am Tel & Tel u). . 81 2374 286 286 237w 246% 197 Am Tobaceo (B) (8). 18 2381 235 236 236% 113 106 Am Type Fdry pf(7) 10s 110% 110% 110% 113 112% ¥8% Am Water Wks (nl1). 8 108% 1084 108% 104% 204 7% Am Woolen. .. 4 13% 134 13w 1% 44% 19% Am Woolen pt. . 8 37T% 36% 36w 374 7% 5 Am Writ Papere 17T 6% b% 6% - b 4% 29% Amft Writg Papt(4) 2 421s 42 42 4234 £0% 69% Anaconda Copr(7).. 143 T 6914 69% T0% 46’ 35 Anchor Cap (3.40) 11 454 44 44t 4an 87% 80% AndesCopper (3)... 2 81 31 81 31 27% 22% Archer-Dan-M (3) 2 28k 24% 244 24% 6% bW Armour Ill (A). T 5% bW % b 3% i1 3 3 3 3 12% b 8 84 8k 9 28% 4% ArtMetal Constr(2)., 4 28% 27% 28% 27% 464 364 AssoApplInd (4)e.. O 42% 62 42 433 45% 28 ASS0Dry G (23).... 13 43 42% 426 43% 240% 219% Atch T&SFe (10).. 2 284 2321 23214 234%, 104% 102% Atch T&SF pf (5)ees 5 105 104% 105 104% 481 364 Atl Refining (12). 87 4Th 46 46% 47% 95% 8114 Atlas Powder (4)... 34 1003 95 98% 95% 254% 175% Auburn Auto (34)... 18 241 287 237 248 6% 3% Austin Nichols, 6 4% 4% 4% 4% 10% 4% Autosale: R 7 o g 25 156 AutosolesCorppf... 2 16% 16% 16% 26 46 37 Auto-StSafRA (3). 5 s 4% Aviation Corp Del... 38 30% Baldwin,Loco (1.76). 119% 115 Baltimere & Ohio (1) 28% 20% Barnsdall A (2).... 99% 97 Bayuk Cgr 1st pf(7) 46% 32% Bendix Aviation (3). 40 31% Best&Co(2)... 106% 92 Bethlehem Steel (l). 180 1224 Bethlehem St pf (7). 57 47% Bohn Al & Brass 1')‘ 73% 60 Borden Co (k3). 46% 327 Borg Warner (4) . 45 112 99 Boston& Maine (4).. 2 104% 104% 104% 100 17% 134 Briges Mfg. 16 16% 15 15% 164 13 Brockway M T. < 12 4w 14% 14w 14% 75% 63 Bkiyn-Manhat (4)... 40 764 74% 5% 743 13% 10 Brooklyn& Queens.. 16 11% 11% 11% 114 178% 131 Bklyn Union Gas (6) 4 166% 166% 166% 169 . 15 12% 12% 12 56% 29% Bullard Co (1.60).. 18 54 53 54% z?‘ 344 264 Bulova Watch (3 7 32% 31% 32 31% 95% 80% Byers (A M).. 89% 74% Calumet & Aris (6).. 33% 264 Calumet&Hec(add). 27 19 Campbell Wyant (3). 75% €3% CanadaDry G A (5)a 226% 187% Canadian Pae (10] 32% 27 Cannon Mills (: " 38 31 Capital Adm A p2(3). zuu 192% Case (J 1) (6)....... 54 Caterpllir Trao 13% . GO 35% Celotex (3). 2814 28% Cent Aguirre As 1%. 34% 30% Cent Alloy Steel (3). 5% 58% Cerrode Pasco (6).. 16% 11 Prod... 6 584 36 Cbecker Cab (4.30).. 46 15 6 . 2 4% w4 2 64 6% 64 6 2 40% 40% 40% 40 1 864 36 364 36y 7 28% 22% 23 22y, 8 40 394 39 39 2 844 84% 84K Ra 51% cmpmn'rprum‘ SR . 2 e 54! 156% 114 ChiR1& Pae ( 5 e of the Federal-American Co. yesterday afternoon the regular quarterly divi- dend of $1.50 per share was declared on the preferred ‘and a dividend of 30 cents per share was declared on the common stock payable April 1 to stock- holders of record Mfrch 26. William M. Seay was elected vice president. Dr. Charles G. Abbot was made a director of the company. New Bond Club Members. At a recent meeting of tne board ot governors of the Bond Club of Wash- ington the follcwing were elected mem- bers of .the club: R. Bascom Broun, jr.. local thanager of Baker, Watts & Co.: Samuel J. Cohen of Stein Brothers & Bovee. and Robert K. Carpenter of Hemphill, Noyes & Co. Tentative plans for the third annual outing of the club were discussed. Place and date have not yet been selected. | Financial District Notes. ‘The Southern Railway has declared regular quarterly dividends of $2 on common and $1.25 on preferred, com- mon payable May 1 to stock of record April 1 and preferred payable April 15 to _holders of record March 24. Walter §. Gifford, president of the American Telephone & Telegraph Co., has been elected a trustee of the Bank for Bavings in the City of New York. 104 8% City Stor ] 40 a7l City Stores A (3 40 40 40 38% 33 Clark Equipment (3) 4 36% 364 304 ar 105" 105 CCC&StLDE (5).. 108 10414 104% 104%% 1o4sy 161% 1834 Coca-Cola (5. 8 1684 167% 15815 158 48% Coca-Colj 2 50% 50w B0 80 6114 Colgate-P 10 63 624 63 63 3 284 284 284 osy 8 58 574 574 58 84 90% 90 90% 90% 313 e). 151 28% 273 281 283 4199 1684 Columblan Carb (16) 38 190 1873 190 12815 38 23% Com Credit (2)..... 37T 36w a1 a7y 80 76w Com Cra istor (8%)1208 bo oo 88 8gK 34w 27% Comm Solvents (31). 190 33% 3o% 33% o5 18% 12% Comwith&Sou(60c). 102 164 16% aow sow 100" 89 Comm&Soupf(6).. 15 99w 99t dgm dom 49% 44 CondeNastPub(3). 2 45 45° gu° 4 18% 13% Congoleum-Natrn... 24 17% 17% i13s 9% 56% 45 Cor(6%). 3 B4 B4 - B4° b5 B6% 44 gar (1).... 21 68% 56 3% 6ok 70 60 ConCerprofxwéi 60s 68% 681 68y 70 27% 16% Consol Film (3)..... 26 26% 26% 26 9 28% 18 Consol Filmpf (3).. B 26w 26w s60 som 123% 96% Consol Gas N ¥ (4). 111 119% 117% 11805 1500 108 99% Consol Gas NY ofc8) 2 1021 10214 10310 jou 2y 13 ContainerCorA110, 8 206 20 'Z0w ‘20 814 44 Container Corp T Th T TH 62% 39 Contl Baking A. 18 i dop 2% a2y 7 8 % bW bW b 189 89 89 88y 28 66 654 65% 66 84 29% 284 20% 29y 3 67 664 67 67 157 et g iy 1 26% 24% 26w 24n 22 36% 34% 36w 3sis 10 93% 92n 9% agu Coty.Ino (K3)....... 8 29% 29% 29v 204 82 25% Creamof Wht(td) 1 31% 31% 31% 811, 294 9 CrexCarpet. 5 21% 20% 21 224 22 104 Crosley Radis 117 1w a7 ar 53% 43 Crown Cork 9 B1% 51% ‘514 9214 B4 CrucibleSteel (k8).. 2 85 844 85 84 117 110 Cructble Steel pf (1) 10s 114 114 114 117 9 714 Cuban-AmerSusar.. 1 T4 TH Ti T4 48 44% Cudahy Packing (4). 1 454 45% 5% 454 12% 6% Curtiss WrightCorp 117 11k 11 114 11% 19 13% Curt WrightCorpA. 21 1T% 17% 17% 17% 115 111 Cushman'spf(?)... 10 1156 1156 115 115 42 28% DavisonChem...... 16 41k 40% 41 41 127% 117 Deere& Copf (1)... 20s 124 124 124 124 181 161% Delaware & Hud (3). 4 178% 170% 170% 172 163 136" DelLack& W (11).. 8 140 " Lsow 139w 141% 2501 195% Detrolt Edison (8).. 1 235% 235% 235% 285% 179 189 Diamond Mate (8). 2008 167 163 166 ' 165 854 : 8 §7% 77 100% 97 136 112W 120 114% s 57% 4414 Durham Hoslery of. 10s 53 53 63 54 233% 175% Eastman Kodak (18) 31 225% 222% 224 226k 107 81 Elec AutoLite (8).. 59 104% 100% 101% 104% 74 4% Electric Boat. 2 6% % 80% 49% EI Pwra Lt (1 “9 M TN ML TEM 10% 1064 Bl Pwr# Lot (0.0 1110 110 110 110 20% 17% p Capwell (2) Os 17% 17% 17% 18 59% 521 Bpdieott-John (8) 2 BTK BT 67K 67 Direet to The Sta: Office. |S IN'LATE TRADING T[lBKS SUPPORTED 1 —Prnuu,— Stock and . High Dividend Rate. 00. High. Low. Close. Close. 111% 107% Endicott-John pf (1) 1 112% 112% 112% 111% 58% 391 Eng PubServ ($1).. 27 bb% 65 B5% 564 5% Stk EngFubSvest (5).. 1 9% Sow B8 8% % 564 ErieRR...... 20 5T 564 | @ b e R RIdPE(O-n 3 61 65 e exs|Early Losses €ut Down as 43% 35 EurekaCacCl(4)... 8 41% 40 41% 41% - 80% 184 EvansAutoLdg2%. 1 26 25 256 24% Buymg Comes Into 89% 16% FairbanksCopf.... 120s 18 18 18 18 27% 17 FashPark Asso (2% 71 17% 15 17 18 the Market 841 59% Fed Lt& Tro(31%). 10 83% 81 83 88 . 42% 3214 Fed Wat 8, A (e3.40). 13 41 40% 40% 404 3614 20 Federated DeptStrs. 1 30 30 80 30% 96% 93 Filene's pf (6%).... 50s 92 92 ‘92 95 BY STANLEY W. PRENOSIL, g:: 26 nnncm;:l'z‘u":)' 2; fi.’; g;& g;:: gm Associated Press Financial Editor. 79% Firestone I3 NEW 61% 50% First NatStrs uu). z 64 64 b4 55 YORK, March 15—Strong 206% 3 Fisk Rubber, . 00 :h 12~. 12& lgh buying support came into the stock mar- | 13 Fisk Rubber 1st bf.. 2 H 16% 15% ket after an early period of heaviness | 47 4 Florsheim Shoe A. 47 47 47 46% 100 93% Florsheim Shoe pf 1 100 100 100 99% | today, with the result that closing prices glm 87 Follansbee Bros (3). 2 _0]:» ;%‘1 _4[;:: fi& were irregularly higher. ~ Short cover- 4% 60% Foster Wheeler (3).. 21 73% Tl ing by bearish professionals, who had 89% 164 Fox Film A (14). 45 34w 3¢ 3¢ 3au ml‘fl .{Mu poctels Pl i AL 46% 384 Freeport Texas (16) 10 45% 441 4d% 45% |8 ik 95% 90 Fuller prpf(17.04).. 10s 91 91 91 91 |was & factor in the advance. Pools, % 2 B4 5% bW bW faced with the prospect of easy money 16% 6 14% 14% 144 144 | for some time to come, succeeded in 108% 99% Gen Am Tnk CQr(xl) 14 104 103 108% 103% | marking up about a score issuses to new 63 494 Gen Asphalt (4)..... 20 62% 61% 61% 61% | high levels for the year. 125 105 Gen Baking pf (3)... 708 116 112 112 114 Buying operations throughout the 84% 26 GenCable.......ooo. 1 80 50 80 31 |general list were rather cautious in T4% 65% Gen Cable A (4). 1 70% 70% 70% 704 | character because of the disappointing 61 51 Gen Cigar (4). 4 60% 60% 60% 60| trade news of the past week. Uncon- 79% 60% Gen Electric (1.60).. 437 76 74 75% 75% |firmed rumors that Spring automobile 56% 464 Gen'l Food Corpn «3) 38 50% 494 50 49 | sales were not coming up to earlier ex- 6% 64% Gen Gas&EIA (1e3). 3 69 68 69 69 ctations, and that the freight car 44% 41% GenItalEdw.i.a2.61 9 43 42 48 42 |loadings statement this week would 55% 50 (General Mills (3).... 1 50 50 50 50%|again be disappointing had a restain- 46 37% Gen Motors (13.30).. 249 45% 44% 4% 45 |ing effect on bullish operations 16 15% Gen Out Adv (2)..44 2 16% 15% 15% 156% Some of the selling of the public util- 49% 32% Gen Public Serv (b8) 22 41% 41 41 42% | ities was inspired by the renewal of 97 86 Gen Ry Signal (8)... ¥3 92 93 93 |agitation for a Federal commission, sim- 85 67 Gen Refrac (143) 2 ¥4 824 82% 84 |flar to the Interstate Commerce Com- 4814 39% Gen Theat Equip vis 24 424 41} 42% 42% mission, to regulate those properties. 1064 874 Gillette Saf Raz(n8). 89 89% 884 884 89% | New York tractions showed independent 18 ~ 1lis Gimbel Brothers..... 7 16% 164 16% 17% gtrength, Interboro crossing 34 to a new 36% 381 Glidden Co (h3). 6 34 33w 38% 334 |high level for the year. 10 13 Gobel (Adolf). 7 16 14 16 14%| Eftorts to extend the recovery in the 46% 37% Gold Dust (3%)..ee0 20 42% 424 424 43 (of) shares met increased selling re- SI% 40k Goodrich BF (4)..ee 6 4T 474 4% 484 | sistance. s 62 Goodyear Tire (5)... 24 89% 88 % 891 100% 90 Goodyearistpf (1). 1100 100 100 100 | anti then reboroi to Some 'p 2ay 28% 214 GothamSilk H (3%) 8 26 26% 26 254 | Byers was marked up more than 4 Son i SrabamPaige...... 7. 10 9% 9% 10 |points to & new high at 97. Other 59% 51 Granby Copper (8) 588 83 o8 o4k |Eoks ¢ move Mto niew high: ground 49 324 Grand StlverStra (1) 1 44 44 44 adw | gerd® 0 RO Ge IOV TURE BROURG 20% 13% Grand Union. . . 6 19% .19§fi 19% ‘l.“h International Salt, Congress Cigar and 43 32% Grant (W T) (1) 2 33% 33w 33w 33% Brooklyn Manhattan Transit. s o Nt 2 97w 97w 9T 974 | gleciric Autolite was hammered down 23% 19% GuNotfsOP (a3%). 11 22% 22 22 22 4 points, Western Union, 314: Auburn 344 28 GrtWestSug (2.80). 3 824 82 32% 324 |Adio"'3 and Westinghouse Electric 120 1144 Grt West Sug pf (7). 708 120 118% 118% 120 | gagte v oF00 oot ENOLse, tHeOIe 22% 12% Grigsby Grunow (2). 36 17 16% 16% 16% bel Bros. Feder‘:d Light & m‘,"bn and 29 28 Hackensok Wpr1%. 20s 20 29 - 29 29 |Tnternational Business Machines sold 28 26 . HackenpfA (1%)...20s 26 26 26 26 |gown 2 points or more, although some 18% 12% Hann Dept Stores... 11 16 16% 161 16% of them made plnlll "co‘,"ws 20% 24% Hall (WF) Ptg (m1) 1 24 244 24w 24% 90% 85 Hannapf (new) (7). 10s 891 89% 89% 8y . g‘: 55% S.rm‘::aw-mm) 508 53». 591 59 59 Fungicides Add Mnlhom ayes Body.... 4 TH TR Th Th 118% 117 Hercules Ppt (7)... 1 118% 1184 118 117 |t the & mem: " o5 (il foar 108% 70 Hershey Choo (8).... 17 96w 95 98 y6 | yion dollars St VIIRE It ey ekt | 103 83 Herahey Choopt(1§) 1 96~ 96 96 ooy | from increased corn vields if they treat o] er on., 1 T Y 7 7 i {) v o 29 19 Houdaille Her B u). 9 254 24 26 24 | Blant pathology at Towa State College. 86% 524 HoustonOfl... 61 — 41 35% Howe Sound (t4l).e 7 514 46% Hud&Man Ry (3.60). 1 62% b53% Hudson Motor (5). 8 24% 20% Hupp Motor (£2) 0 131 128 Illinots Central () itk Ingersoll Rand (4) 188 154% 2 186 30% 264 lnspiration (4) . 19 28% 17% 134 Insurance Shar: I N 34 20% Interboro Rap Trun. 61 34% 6% 4% Intercontinental Rub 3 6 28% 24 Interlake Irom (1). 1 25 Y 1 1 2 6 5 6 Int Nickel .lm 1) lb& Inti Pap &P A Intl Pap & P'I‘ ! Intl Pap & Pwr c Int Pap & Pwr pf Intl Print Ink D‘ ). 10! Int Salt (6) Intl Sflver Inter Dpt St pf x w(7 20 Intertype Corp (2).. 29 19 Investors Equity(3). 42% 40 Island Creek Coal(4) 148% 117 lohno-llnvlll- 3 )’. . ) 7 98 Kraft PhChpf (6%) 36% 30% Kresge(85)Co(1.60). 113 110 Kresge 8S pt (7) 108 110% 62 60 Kresge DeptSpf.... 60s 50 31 23% Kreuger&Toll (1.34). 209 30% 48% 37 Kroger Gr&Bak(nl). 35 39% 9815 98 Laclede Gas pf (5)..: 208 100% 25% 21% Lago Ofl & Trans, 10 25 108% 97 Lambert Co (8) 9 107% 9 6% Lee Rubber & Tire. 2 % 15% 12 Lehigh Valley Coal.. 42 16% 77% 70% Lehigh Valley (t14%) 1 73 91% 89% Lehman Corporation 54 90 34 29 Lehn & Fink (3). 1 31% 27% 19% Libbey Owens (1)... 11 26 111% 91% Liggett&Myrs B(5) 39 108 73 = 52% Liquid Carbonie (4). 7 69% 83% 424 Loew’'s. Inc (3) 6% 31 Loft. Ine.. 667 503 Loose-Wiles (12.70). 2 63% 284 16% Lorillard (P) Co. 81 264 104 8 LouisianaOfl. . 10 10 46% 384 LouG&ElIA (1%) 3 43% 44% 32% Ludlum Steel (2).... 8 42% 98 90 Ludlum Stipf(6%). 3 95 31% 328 McAndrews&F 12 1 29% 70 €3 McCrory B (2). 2 67 38 35 McGraw-Hill (2 2 374 4 T 1. 2 16 70 . Mack Trucks 5 81 159% 187% Macy(RH) & Co 7 146% 524 45 Magma Copper (5) 4 4% 10% 8 Mallinson & Co. 10 104 36% 25% Man Elec Suppl: 26 36 39 30% Man Elev mod (d 13 37 24% 20% Man Shirt'(2).. 3 22 85 3y Marlin Rock (14%).. 2 524 80% 20% Marmon Motor (2).. 3 27% 65 3 Martin-Parry....... 1 44 47 374 Mathieson Alkili (3) 13 45% 61% 49 May DeptStrs(n3). 4 544 36% 29% MaytagCopf(3).... 1 35 83% 76 Maytag Colstpf(8). 2 81k 38% 264 Melville Shoe (2).... 2 388 23% 15w Mengel Company (2) 281 21 26% 23% Metro Gold pf (1.89). 1 254 29% 164 Mexican Seaboard... 83 28% 33 26% MiamiCopper (4)... 2 28% 74% 53 Michigan Steel (334) 2 69 30% 23% Mid-Continent P (3). 221 29% 2% % MiddleStatesOllet. 10 1% 53 37 Midland Steel (3).... 18 46% 110 90 Midland Steel pt (8). 2 104 4% 3% Miller Rubber. . 1 4w 22% 12 19% 2 1 14 58 6 54k 108" 103 Mo Kan & Tex pf(T). 2 106% 98% 87 Missouri Pacifio..... 2 98k 145% 134 Missourl Pac pf (6).. 1 141 60 49 MonsantoCh (E1%). 4 49% 49% 38% Montgomry Wrd (3) 114 43% 12% 3% Moon Motors....... 85 11% 83% 81% Morris & Essex (3%} 30s 82 22 264 Motor Wheel (3). 7 29% 24% 18 MurrayCor(bi%atk. 28 20 44% 35% Myer(FE)&Bro(3). 1 43% 584 45% Nash Motors (6). 8 48y 3 28% 3 18% 15% 9% Natl Bella Hess (t1) 2 13 88% 71 NatBlan (p2.80).... 11 86 83% 2% NatCash Reg.A(td). 48 78% 33 49% i 1 2 891y 187 1 172% 46 82 NatlPwr&Lt(l)... 124 46% (Conttnuufl on Page 9.) 110 109% 186 186 28% 27% 17 17 3% 32 6 6 Money to Loan on Property in the District of Columbia First Trusts Only Immediate Attention Wm. H. Saunders Co,, Inc. | 1435 K St. N.W. Dist. 1015 First Mortgage Loans Lowest Rates of Interest and Commission | | The Girard Fire & Marine ||| Thomas J. Fisher & Company, Inc. | Cities Service British Type Diversified Trustee Shares Full Information Marlow-Beech Corporation 1732 Conn. Ave. Pot. 6167 1% 111 Offices for Rent gg% 304 in the W 39% stk 1004 98 Edmonds Building 1§7u 106% 917 15th St. N.-W. To% T 16" 164 Opposite McFherson Square Tox 50w The Wall Street ol of Washington 107% 109 Desirable suites of 68% 69 two to six rooms now 4 7 available. = Very Low Rentals @ a3u % # w4/l [SHANNON & LUCHY] 9% 924 294 28% Managing Agents &7 o1 Y &, 9|l 1435 K St.N.W. Natl2345 26" 1oy 17 LRLLLLNIVVOADRE 1464 146% 4T 4T 94 s 35| Invest Your Idle Funds 5% 36% 1 22 22 B to Earn 6% % How 24| ... with unquestioned safety 5% 4% lagv- giu Guaranty First Mortgage notes 81% 80w| and bonds are recommended to 38 36 | investors because of ‘their safety 20% 21 and steady yield. They are se- 264 26% | cyred by first mortgages on homes 284 28| and essential busmess properties 2on 5| universally regarded as among 29% 29 the highest type of mortgage col- 1% 1w| lateral and further safeguarded by 464 47 our $3,800,000 resources. 10me 108 | T 4 our money remains intact, 19% 19%| steadily working and earning an s4e sam| unvarying rate of interest. 106% 106% P l:: x:gh Denominations as low as $250 et Monthly Payments if Desireq 11% 11 |Send for Booklet, “The Success Plan™ 3o Sow 2 w 19% 19% b REALESTATE 484 47 @ &% MORTGAGE & GUARANTY 12% 124 @ i CORPORATION % ::: ;:;: Ca:r;l-: Resources, $3,800,000 Y 20 ACKS i i ON PLACE % | Capital s ha | Interest due Foundry and panies Head List During Warren Foundr; Warner Bros. & Pipe Budd W Lion Oil Refining Co. Walworth™ Co...... Standard oil ‘o (K G & W. Inw Stms} Bliman Nosiry Mills Ri0 Grande Porto Rican American Jrorinington, Pu. & Smith (A. O.) Co; Noranda Mines, Led. Superior Steel Corp National Air Transport Newport Bethiehen il Co‘x;n ba Petroleum Co Goodrich (B, ¥ Hollander (A & 89 Youngstown & s 'n. TrangLix bayite Prankiin (L H) Mife Uni. Engineer. & Fnd states. cburep, 0. gmerican Chatn Co., The eel Baldwin Locomotive Works Quban-Ametican Susar C Tire & Rubber Cor, Mchy comz 947 Auburn_ Automobile Co. Niles-Bement-Fond Co SATURDAY. MARCH 15, 1930. JAFIRMS REPORT 100 PER CENT GAINS Picture Com-| Net Earnings Year 1929. Of the corporations so far reporting net earnings for 1929, 34 have shown a gain of more than 100 per cent over 1928, according to the Standard Statis- | tics Co. The list follows: Net Income. (0008 omitted). 0! hp Lines 848 87 166 "Fob. Go 618 AN B B > Dhatin s nauiao s s ol e Co 104 Corp. Co.... Co.. 821 British and Polish coal mine operators | are endeavoring to reach price agree- ment to eliminate competition in Baltic z-nbu- MONE | " STATEMENT OF New York, trict of Columbia and Au(uxn 1 |Cnpllul stock | Capital stock, pai LIA] Net unpaid claims.. Reinsurance premium: Salaties, “rents, comission, Sapital stock Surplus .. Al "other liabilities the vear Losses sus 1929 Money received ‘durin H. L. KIDDER. ecretary. 1aSubscribed “and day of March, n New Y BOSS & Pi On the 3ist day of amended June 30, Capital "ukv ‘paid up, Cash in office . Cash in bank bonds value) . Bills receivable ' Premiums uncoll nds of agents ““and ) AT other “astet Underwriters pos| Relnsuran losses . ‘Associ Total assets . Net unpaid claims Reserve iry Salarles, c. Capital sf AP other Sabtiftics Surplus over all liab Total abilitie: Amount of risk as ing the year 1 yea Expended " during’ 3rd_ day of March 90 o e is mo charge for_ addi Shopping by the Hoar eal Nmny Fubllc: Kins Co. te filed § Sk So 8: Eommission” expires March 30, 1931 . in ‘cash. . crued s Philadelphia LIABILITIES. Losses Sutainea diriiig " ‘the hn 1899 O LOAN At S3% lnfl 6% Interest " THE CONDITION Z OF THE iy Norwich Union Indemnity Comp: 71 any amended June Cash in office S | Cash in bank PHEHEN | Stoeks and bonds (market vaiue) 3.692,882.00 | Premiums uncollec hands of agents. 71100132 Interest due and Al other asset: Banast Total assets . -34,785,585.32 BILITIES. Total liabilities ... aracter of business & the Veal President. §worn to before me this 1930, JOHN RIDDELL, . 682 Certifi- No. 583, PHELPS, Agents, 1417 K Street N.W. Telephone: National 9300. i e ————————cee STATEMENT OF CONDITION Insurance Company of Philadelphia, Pa. the Decembe; quired under the Dist 190: er. 1929. as re- rict of Columbia Code, 2. and August 18, 1911. (market iation de- 3,085,569 03 | 49.300.00 4,00000 1,000.000.00 25,742 47 1,851.083.50 $6,252.740 89 dur- the $805.637.520.00 940.165.45 | 2,826.620.72 2.463.408.89 | AH HAsaxNorn Vice President. Secre Slistribo 2oy swlcy‘r!n "t betore me this | JAMES K. MELDRUM, year FRANKLIN —anywhere in the city proper for DY -inv--fllflllu"'lfl lflnembfl |llm additional pas- sengers . . . SIMPLY CALL FRANKLIN 9000 Easy to Call—Easy to Get $1.10 1672 | N. on’the 31st day of | Becemver, 1555, '¥s Yeaubred' wndes e DIS: Code, 30, 8, . $500,000.00 . 500,000.00 +$1:490.048.63 2,223.93 Exvendéd during the yésr 1039 399547391 H. P. JACKSON. 1,000,000.00 | *1060.006.08 $20,633.85 357,228.61 153,100.00 5.003.807.00 04 | sqrassas | 57,689 41 | 20000 | 628.63 | ..36,252,740.89 $267,045.89 | FINANC IAE: Secured by first deed of trust on real estate Joseph 1. Weller Munpy-4e. Lbast Wim. Gordon Buchanan Councilor & Buchanan Prevailing Interest and commisston. | 420 Wash. L. & Trust Blds., Sth & nw.{ Nalnnd HIMH Established 1899 INVEST YOUR FUNDS IN First Deed of Trust Notes Bearing 6'2% Interest inations of 225085, 2588/56" 40 12000.00 Consute WELCH Reattor Loan Specialist lonal Savings & Trust 1N AR, T Nad First Mortgage Loans mummmown and Comnwé:hll Investment oy Mortgage Loan Correspdudent for The Prudential Insurance Co. of America Consult Us Regarding Your Maturing Mortgage. LONG-TERM REAL ESTATE LOANS WE MAKE FIRST MORTGAGES ON Homes, Apartments and Business Propertles in the District of Columbia and Nearby Maryland and Virginia RANDALL H. HAGNER & COMPANY, INC. 1321 Connecticut Avenue Decatur 3600 Mortgage Loan Correspondent New York Life Insurance Company If you reach for too high a rate of interest you will probably hawve to sacrifice the vast- ly more important feature of safety of principal. A First Mortgage N ote {G both priacipal -nd incomé: We Recommend Mortgage Notes 6'2% ON: & LUCH Nat. 2345 1435 K St. | FYRST MORTGAGES THEY APPEAL TO SOUND JUDGMENT ‘When you weigh thoughtfully the advantages of security and interest associated wlth invest- ment in our 6!2% FIRST MORTGAGES they will have the sanction of . your judgment. Over a Third Do you know of any invest- of a ment in which the return is more Contsiny liberal with no risk or worry? Without a Such an investment is a gaod i o one to rely upon for income.; May be purchased in amoants from $250 up. B. F. SAUL CO. National 2100 925 15th St. N.W. / 4 THERE IS NO SUBSTITUTE FOR SAFETY Escape By Autotomy HEN a lizard is caught by the tail he instinctively resorts to autotomy— that is, he goes away and you are left with his tail. The breaking away of the tall from the lizard’s body helps the lizard to get out of the enemy's reach. Thousands of speculators caught in the breaking-up of the stock market recently emulated the lizard and sold out at any sacrifice in order to salvage something of their-savings. —And unless you plan to escape a drop in the market by “autotomy,” you should invest your capital only in those securities which are always sound, never affected by stock market movements, and unfailingly pay their hand. some interest return to the investor—the First Mortgage Notes sold through the Swartzell, Rheem & Hensey Company. These Notes are the financial foundations of some of the finest properties in Washing- ton, and yield a steady income of .6 per cent yearly. For more than 60 years these Notes have been offered to the gpublic, and in ail that time not a penny has ever been lost in principle or interest to an investor. First Mortgage Notes may now be obtained in denominations of $100, $200, $500, $1,000 and $10,000. SWARTZELL, REEEM & HENSEY CO. MORTGAGE BANKERS 727 15 STREET N.W. . WASHINGTON D.C. 4