Evening Star Newspaper, March 18, 1930, Page 13

FINANCIAL G STAR, WASHINGTON, D. C, TUESDAY, MARCH 18, 1930 INANCIAL NATIONAL SAVINGS 77| INEW HIGHS SCORED | e ecsa™ | Atractive OFFICES ot Container Cor A 1.20, 13 20% i 20% Citizens' Na will be 5:30 edition. Co 7 CP A.1L prices Eiven in the Contatner Corp B. 1 T Bo"A. 925 15th Street N.W. Notice—All stocks !:‘:‘&fl-'-fi'(u)‘"('ug Contl BaKIng A....e . a2 1 Aided by E . excepting those designai letter s o o7 Contl Baking B.. ... 514 i Trust Officer Promoted 10| which shows Vhose Hiocks o be sold In dd ots onl Gont Can (5343 (it |Market Revival Aided by Easy| 2 % Sales Eacl t Compiled i . Contl Dia Fibre (3).. 29% Conley Ta Vice President—To Con- | =Prev. 103~ Stock and Sales— Prev. 1 Contl Insur (2.40). .1 4 Money and Better Em- Continental Sec. . .31 High. Low. Dividend Rate. Add 00 High. Low. 2:85. | Continental Motors. 7 7 3 e e 5 . 33% 22 Abitibl Power & Pap. b6 29% 30 P Contl O11 of Del 2 : s 2 < loyment Report tinue Present Duties. 81% 64% Abitibi® & P pf (6)., 2 80 82 Contl Shares (1). 6 5% ploy % 57 45 Abraham Strauss, % 524 b52% Corn Prod (13%). 92 © Ltd b RN S0 It maveate Bomle e o e Wi o 2% 17 LEY W. PRENOSIL, otana el ol 118 G N 1% Advance Rumley... 3 E BY STANI . PRENOSIL, ootenay - BY EDWARD C. STONE. i 22 Advance Rumley pf. 6 i Associated Press Pinancial Editor. Westmoreland W Prank Stetson, for the past 17 years % Ahumada Lead. N by 2: NEW YORK, March 18.—In the| wiscon ‘Bancshares.Sc trust officer of the National Savings % 118 ::r %-fl"elgl? o 5% | broadest mdhmon naa; swck“x:;rk;% it & Trust Co, was elected vice presi- r Way E1 Ap 1 session of the year today, D! ot . hew a0 ||| dent of the bank at a meeting of the : Ajax Rubber, ; leading issues were marked up 1 to 10 | £aadian & Gl - T ; B.F. SAUL CO. board of directors. kg ’ 30 4 % points. More than 50 !EL:cts' ‘"i}‘;‘é’.": Walker Mining... pesterday 8f: o 5 General Motors, Radio, Eastman X 5 JSeaoi; 1o eicoped 9% 99% Allegh'y C pf ww 634 ‘ % 2 |Goodyear Rubber and most of the ofls, | industrial Fin....3" 925 15th Street N.W. National 2100 the late Francis 9514 Alleg Corp pf (5%).. moved to new high levels for the year.| Do 215 | W. Stone, Presi- SE5% Allied Ch & Dye (39) 1 Blocks of 5,000 to 20,000 shares changed e 494 Allis-Chalmers (3).. Cuban-Am Sug pf... 208 hands at rather frequent intervals, with Maaee nnouices. 3 9 2814 Alpha Port Cemt (3). 5 38 4 Cudahy Packing (4). 514 the tape at times running nearly half He will continue i ; 5/, maREN th) Curtls Pub Co(16%). 1 an_hour behind the market. the duties of trust & B - Gurtls Publish pt(7) ‘ Easing credit, conditions and o grow- Rt b e 93 urtiss Wrig! orp. 2 ing belief that a turn for the er S, Stetson s Gurt Wrignt Coro 4 ing belief that a turm {o) the better In| yREASURY CERTIFICATES. i i - Cutler-Hammr(3%). principal factors in the day's advance. (Keported by J. & W. Seligman & Co,) been connected te—Maturity. id. Offer. E - Davison Chem....... 42 However, a number of individual issues 3 e 3 b R i Debenham's (a2.32). 2 23% were bought on merger, higher divi-|$ g.‘,‘,', T e e 15 G-M. P. MURPHY & CO. it - D Copf (7)... 13 1 dend and stock dividend prospects. 3 - 15," 193¢ 100 100 Delaware & Hud (9)., 2 Call money again dropped from 3% his entive career H 4 g D W (7). 3 , with funds available in 4 < 3 5 & Denv & 5.6 W ot e’ obinide market ot 24s. - An easier New York WASHINGTON Philadelphia a8 a banker. His Am Car & F pf (7). promotion is con- . 47%4 36% Am Chicle Co (123). ) e 240% " Detroit Edison (8 240% undertone also was apparent in_the " Diamond Match (8). 1608 166% 16 4|time money market. The New York Acceptances. Richmond London Dome Mines (1). 9% 9t Federal Reserve Bank reduced dls buy-| NEW YORK, March 18—The New rug Corpn (4). ... 62 83% i+ 821 |ing rate on bills, and mos ¥ Dunhill Inter (£4). .. 32 a3 g Tate O et cut the rate on bank- | YOrk Federal Reserve Bank has reduced Du Pont de N (4.70);, 91 133% 13214 132 13214 | ers’ acceptances Ya to 1 per cent, the | the buying rates on bankers' accept- . Estn Roll Mill(ht2) 23 28 231 23y |sixth cut in the last three weeks. ances to 3'¢ per cent for one to 45 day New York Stock Exchange Eastman Kodak (18 24015 i 24014 23 Pool operations were again conducted | notes, and to 3% for the longer hi Eastman Kod pf ( 124% 124% 1237 | on a large scale, w&h ]eadlrxig commi:; maturities. Washington Stock Exchange Eaton Axle &S (3). 3814 331, sion houses yeporting an_increase SR e b . Elec Auto Lite (8). 105% 10414 ¢ | public participation. ‘The apparent in- | .. precdent Joseph G, Stephenson Richmond Stock Exchange El Auto-Lite of (7) 1085 ability of bear traders to unsettle the | 0T, " praniclin” National Bank will New York Produce Exchange El Pwr& Lt (1)..... % | market in their selling drives of the |Of the Tramklin Fetonal Bank Wit Elec Storage Bat (5) last week, coupled with the existence | FEUS o0 J 2 New York Curb Exchange Eng Pub S ctfs ($1).. 5 b of an unusually large short interest in g trict of Columbla. Eng Pub Serv (11).. 5 ’ several of the leading speculative - - - . ol 3 E Eng Pub Sve pf (6).. 3 991 99 sues, encouraged bu! operations. | Even before he obtained his two law Bt s g I o INVESTMENT SECURITIES degrees Mr. Stetson had become con- i E 3 o d Com. Stock, Curb Market, yi & Dected with the trust company. taking | 38 301t A RAASE SN0 0 : B R R s %) 2 Gow son : FOREIGN EXCHANGE. N T L A 1510 H Street Connecticut at K 5 5 & minor postjion in the real estale de- 20, iy Erie RR 18t pf (4. (Quotations furnished by W. B, Hibbs & Co) | ton. A partment.in 1903, In a short time he %013 Am Rofling Mill @y, 45 4 Eareka Cao 1 (40214 : Nemindl soid deline checks || COURTLAND NIXON, 1518 K St. National 9600 had demonstrated his banking ability | "6 il 59" Am Satety Rasor (5) Evans Auto Ldg 23« - Y Saidi voindl e OLmar o4'5e%a2 Nat. 1926 and was transferred to the trust de- i i b i partment, later made assistant and then - F.h_h-“.cg-'j' e 3.91%¢ ae placed in charge of the trust service. " Fairbanks Morse (3), 2 g i 33 3.4 Wm. Gordon Buchanan Mr. Stetson is a member of the ‘ Fash Park Asso (2% D me. 1838 ot ot Metropolitan, Chevy Chase, BUrning| 22 15 ‘Am Solvents Chem,, L e 2 : d : Tree and University Clubs; president| 33, 25% Am SolChevpf (3). 4 Fed Lt & Tre ($13%). ; ; Councilor & Buchanan . of the Consumers' Lignite Co., & Texas| 511 4414 Am Steel Fay (3),.0. 36 oo b . i M - Ceritog Fably Avasnisnta ; corporation; = & thirty-second-degree 110% Am Steel Fdy pt (1), 113 115% Fed Wat 8, A (€2.40), 12 915 wn (nom.} 166, fower Building % Melropolltan 4707 Mason and treasurer of the Washing- RIg (6).er 2 66% 64 Federated Dept Stra. ; oty ot 118 National 611061116213 ton City Orphan Asylum. At various 100 1% gty o oS . & crown. . 388 o lationsl GLICSINIEINN times he has held several important| : . 26% _ 2T Firestone T&R(1.60) TH 27 i A owar orrman ét;mwngfin directorships. He lives in - 2 ég?’u 287 Firestone T&R pf(6) T ————————————————— e ase, . 2 First Nat Strs (3 1 i e w Am Tobaceo (B) (). i 236 . i General Insurance Agents Dinan S o h‘:"“";; | 133 125 AmTyperdry (). 138 Y “A GREAT . There is no evidence that the cycle 8814 Am Water Wks (al) ¢ 106 % 179 167 of investment in -common stocks has 99% Am Water W 1st(6). 07% SATISFACTION" 303 7th Street N.W.—2d Floor been completed or that the public has 7% Am Woolen, Foll B 3 3 3 The fulfllment of Freeport, Texas (5) a wish that perhaps turned to bonds after the defeat it ex- 19% Am Woolea pf...... ; g , Fuller pr p£(7.94) .+ at one time seemed Firemen’s Insurance Company { Buffalo Insurance Company perienced in. the speculative markets g R i Gabriel Snub A. 4 hopeless. The a | of Washington and Gardner Motor. 1 X S eured income nece of Buffalo, N. Y. last Autumn. 69% Anaconda Copr 1t is true that there has been @ dé-| you ‘35" Anchor Cab (2.40) Gen Amer Investor Georgetown On the 31st day of December, 1920, as Gen Am Inv pf (6)... b - 3 ary to finance some on the 31st day of December. 1920, as frauired under the DIstrict of, Golume eided shift in the character of securi- - e ties issued to provide mew capital for S0h aras " " 2 | t: f Colum- Code, amended June 30, 1902, and Gen Am Tnk Car(36) 0 pet scheme, derived bt Gode. "Amended June 5o, Jocd. and § Adeust 10, To1L corporations. In December, for instance,| g 74% Armour Del pf (1).w . a from safe inv August 18, 19 A strictly fireproof and thoroughly modern office building in the center of Washington’'s Business and Financial District. Ideally situated for real estate, insurance and brokerage business. D DOOOO: DOOOPOOPOLOOD! Rents Most Reasonable derwrit! & Partcp U% '.r." 3 30c Q Due Mar. 1. - BuSeend TS sidered fully de- -4 served on account I: of his loug and ef- i Histann. 101% ficient service, the | om SUO% | 110" 107 Am&Forn Pwr pf(7). advancement, being a refutation of the | 99 95 Am&Forn Pwr 2d pf. old idea that success is only attainable | 3 19% Am Hawatian S 8 (3) far from the home fireside and en-| 3 7 Am Hid vironment. Born in Washington on June 25, 35% Am IceCo (t4)... 1881, Mr. Stetson attended the public 35% Am International (3) schools, graduated from the old Cen- 2 Am La F & Foamite.. tral High School, decided to study law 90% Am Locomotive (8 and entered the George Washington | 111% Am Loco pf (T)eeeent Law School. He was admitted to the | 44 Am Metal (3). & bar in 1906, giving him the right to} ¥ 65 Am NatGaspf (7).. practice in all the courts in the Dis-| 77“‘ :'r: :::‘:;...i:t'(u). 0 o= BeBreare MEMBERS o R o a o 2 ETS ST Y o Copy of our “Fortnightly Review” on Request anBe TEMENT OF THE CONDITION STATEMENT OF THE CONDITI SEN NT OF TRE SF THE - says the American Bankers' Association 5% Armour 111 (A), Journal, the total- par value of new common stocks, aside from those rep- resenting refunding operations, was $109,000,000, compared with $462,000,- 000 in December, 1928. In January the stock figures were $122,000,000 and . $487,000,000, respectively. On the other 219% Atch T &S Fe (10). Gen Eleo spec (-flo).. hand, corporation bonds issued in Jan- 166 AtlCoast Line (110). Gen'l Food Corpn (3) We Recommend Cash in office. $2.622.28 . uary were $485000.000, against $261,-| 50% 65% AtIG& W Indies.... 9 % 68 Gen Gas&El A ook tn Bk Biss s lot'i;ggn ln"the snmbee‘munth frkum. i 36% Atl Refining (12) e Gen Ital Ea 3 i - . " Sibioor: tat 1,500,000.00 ratios as_between stocks an G " M N lien 409,700.00 ot 09,250.00 bonds would be increased.in_favor of | 1047 101~ At i Gen Motors (15.30) : ; First Mortgage Notes o ; it the latter if the obligations of munici- 7l Gen Motors pf (1) 2,500.00 R ok s ¥ | palities and forelgn governments were Nichols. ol Gen Out Adv (2)., - $ Fremivins " uncotissid 'sad ‘ ’ to be included. When it comes to the % Gen Public Serv (b8) 3 i price changes in junior and senfor se~ ; 3 Gen Ry Signal (5)... Al other asset curities, however, all of the advantage| 46 Gen Refrac (14%4)... at e i Reinsurance recoverable on g is with the former. - Since November 4% tion 8 7 . ; y 1 pRa Joxses 120021 S T 33 e cent i ARG Rag e Baliimored Onio o) - 131104 111 4 o e x| 270 | e Total assts . utility stocks and of 20 per cent in rafl- Bam 09% ; s | Total assets rond shares. In the sim the 2 LIABILITIES. improvement in-bonds amounts to only S84 28w 1 3 4 “ 15% R ek anoaid e 511 Net unpaid claims......... $210,452.88 & bor oent, M 13 BeaconOll.uiveasses 2 00 |§ BSitowed mone ;. Jents. 4 Sorar SRy S fey iy 32% Bendix Aviation ()e 45 X ety Salaries, rents. b « com'.'.:.,".‘.‘w:‘.‘ > i ete. i , . et Member Bank Loans Increase. gt e AT i1 e 2 eonyaar Tire (6. 1435 K St. Nat. 2345 Gommistishs, Biokeris ‘The Federal Reserve Board's condi- Gotham Silk H (334) capftal stock” 2 100 1 100 Gotham S H pf (7). Al other 1 s Net surplus . - Gotham pf ex w (7)., payable W ed Sotal libilities . gm::o;:: 6 . K P = -. - - oh 'l"ol:\l "?"I‘l‘\.:;::\:!i 6 £502,645.26 § (‘h:':ncter 0'1233‘"}{1‘ (Pltfllltlad flll'u- X - v " aracter 0 ng he vear 1830: Fire, tornado am ments, $212,000,000 i net demand de- . G ing the year 1929: Fire insurance only. earthquake insurance. A t of risk ed ings rom Federal Réserye banks. Briggsastrail 2 29 Grand Unfon pf (3). 3 % 43 Lot Togp oL mam vear 195 o 0% ges,250.08 ‘The principal changes in_borrowings . ; Granite City Stl (4).. 9 the A from Federal Reserve banks for the 63 Bkiyn-Manhat (4)... 84 @ Grant (W T) (1)« o F. B. KEECH & COMPANY Shended. b ine 3s0.00.% “ week were decreases of $9,000,000 at the Bkiyn-MsnTrpf (8) 2 Grt North pf (5). % 97 i ey i AARe % 2,147.118.00 Federal Reserve Bank of Chicago, Brooklyn & Queens.. = 2 Grt North pf et (5) WIEEIAN M- ROE G, $8,000,000 at San Francisco and $5,000,- ‘Bklyn&Queens pt (4) 3 GtNetfs O P (a3 2 2214 22 Mombars of ALBERT W. HOWARD, 3 % e Foonideat. 000 at Kansas City. Bklyn Union Gas (6). 8 Grt West Sug (2.80 3 3 >t ary. € A. Georger, Secretary. % Brown Shoe Co (8)ea 2 Mew York Btock Eschange Subscringd’ and_sworn to before me Subscribed and sworn fo before me Carpel Dividend Voted. Bruns-Balk-Col....a 13 s o stk 0 608 B T e W PARSLEY, this 4th day of March, 1980. The board-of directors of the Carpel Bruns Ter & Ry 8 20 .. ; S ey o T Notary Public, D. O, (Seul) Ly, FIsuER, Corporation AAGaTRd the Seaier dor: Bucyrus Erle (1), 4 QUi BeBEI 2at 0P (), : Wew York Curd Markst Chicage Board of Trade My comn.ission expires Sebt. 26, 1082. Notary Pubiie, v 1 Bucyrusevpt (3%)e 7 L 45 e Fosek of e Scsanany peyabia ¢ Budd asG) Mre ). 14 W P ) 4 ; e sy v R ‘ : April 1 to stockholders of Tecord March £ )00 2 Hanna pf (mew) (7); ) el e s RIS ')'" Albert W. Howard William M. Hoffman A 4 lartman Corp B 1. 4 Bremen Cotton Exchangs (Assos. Members) ~Winaipeg Grain Eachange 3 Q{JT‘ Abpmx:;}g?:‘:p& }::E,:d:;eh,;eg;bw Y . © 5 g:::;'goghyo.o. .(.‘, W, ¥, Coffes & Bugar Ruchange, Ine. Rubber Rechange of N. V., Ine. Chapman & Co. Inc, which today 1) 0 Hershey Choe pf(15) i offered & new issue of $2.500,000 Ap{ Bush Term deb (7) Hollander & Sop. . ... We have prepared a comprehensive circular ow palachian Gas Corporation convertile : o ety : Eoudatlle Her 8 (3! i Denver & Rio Grande Western R. R. Company per cent debentures, dated March 1, 5 5 ousehold Fi pi a2 % b N o7, 1930, and que March 1, 1?)45? atiteand b o 5 214 Household Prod(t4) 591 % ” General Mortgage Sinking Fund 5% Gold Bonds interest, to'Vield 6.10 per cent. 1 4 N 120 % 85 Due August lst, 1955 Tnsurance Lectures Planned. i % Calumet & Ariz (6).. o 6% Hud&Man Ry (3.80). % 4 1 B & 4] T. Stanlky~ Holland, assistant trust e 2 627 Hudson Motor (6). o 554 Cumulative 6% Preferred Stock o % Os5RS ons officer, American Security & Trust Co., % Canadian Pac (10), .1 Hupp Metor (£5). : We shall be glad to forward this circular upon application and chairman of the life insurance Cannon Mills (3.80) 33 - N e . - Public Confidence Sirice 1861 trust comnftee, fiduciary section, Dis-| 7% 1%% Capitaladm (A): 3 N ey % 108 H GORNER 17TH ST., N. W., WASHINGTON fi trict of Cohamibta Bankers' Assoctation, c LsaMetorCralai ‘ i . i R | o " i treet at Elevent .M. . has announced lectures for the sec- » ¥ 5% xl:g:“ ,‘{‘:","" NEW YORK s tion’s educational course for life under- 5 55 5 an Refning ot writers beglming Tuesday, March 25, S - at 4 o'clock. in the afternoon and con- Oent AL B 2 say s Tntand Steat (8 er: tinuing for Six consecutive Tuesdays. : Cont Allou N ) e Lectures will be held at the Bank. . 7 f o ers’ Association headquarters at 1318 F y . : Interboro Rap Tran. Mrvf‘t nortfiwest, Speakerf and thelr “ Certain-teed Prod. .. 80 Inlerconune:ul Rub subjects follow: George Francis Wil- Checkier Cab (6300 os. interlake Iron (1)... trust officer, “Lincoln National Ches & ORIBEI0) L. Intl Agricultural. . “The Descent and Distribution Chesapeake Corp () Intl Agri pf (7). of Interstate Property in the District Intl Bus Mach (n6) . of Columbia”; Kenneth F. Brooks, as- Intl Cement (4) sistant _trush’ officer, Riggs National Int Combustion Bank, “Wills—Testafe Distribution of Inter Comb Eng pf. Property”; ‘Erskine Gordon, trust of- Intl Harvester (2%). ficer, Federdl-American National Bank, Int Hydro El A (e2). rusts Voluntary and Testamentary”; Intl Match pf (4)..e0 Leonard Marbury, assistant trust officer, Intl Mer Marine (1) .. Washington Loan & Truft Co, “Lils] (g Int Nickel of Can (1) nsurance TUSLS' avid Bornet, as- Y sistant trust officer, National Savings & | 154 Wi Trust Co., “Taxation”; Mr. Holland, o irdr b iy “Administration Procedure,” and Irving Chi Pneu T pf ( Int Pap & Pwr pf (7] Zirpel, ussistant trust officer, Union | ol Intl Printing Ink (3) rust Co., “Trust Organization and Ad-| ' p “hi Yellow Ci et 98 Intl Print Ink of (6). ministration.” : Chickasha G ON (35 . . 285 Int) Rys Cent Am Southern's Assets Larger. 74 5% Childs Co (3.60). 3 : 1 : vt The Southern Raflway Co. has issued | 41% 33 Gheysler Corp ¢). . s pampnict report for jear ended | § Cly 1oe & ¥ pf (6%) 108 Inter Dept 2% 8 You know in advance just ex- y : , 29, (otal assel on 5 ntertype Corp (2).. 1 1 December 31, last, were $693,208,008 Cluett Peabody (6 : : Tnvesiors Eauity (5. 5 actly how much income to de- Executlve IMPRESSIVENESS comparing with $686,254,119 at end of | ¢ 4 Coca-Cola (6). " Island Creek Coal (4) s , v /i gggsm?nzg;;r‘x;‘t\.: nslf(th?):t: 3‘5'5"‘“%5,’,‘5’.;; Coca-Cola A (3. ! Johns-Manville (3) 2 142 f Quer a Third pend. 'uppn and when bt il F h 'th t M ofi ! asscts totaled $54,017,893 and current| g4 Soiara Al 2 ’ - of a TEURIve 1% 'or nitnerto ces A Tl s nor. Century And then, too, the security is Habilities $21,613,255 as compared with 3 . ':9.‘:}]45 «',:l and vf?l.'i'l(l, 78 respectively, (C::ll:‘ges‘:lllr:znp [} ufi’: 97 # : i duci an ::nngl_llg}’uhv‘d. shows net 1ncn;|m of 24% Columb Graph (87¢). Kelm-uba:alp:)(-i; 1 5 Loss appraised- atrr.wuphere‘ of home-like Wmf-o" :n d“;n- dividends, to $11.65 a share on 1.298.200 Comm Credit A'(8).s 6 2 W oA A » May be purchased in amounts R e e e xh‘ef Elnsm:un?lt C R o e : from $250 up The i those Steriors where 3o much of their z R . ‘om Cre R “ > g i i i i pares with $10.267.13 Com Cry l.:,u"“- ings in those interiors where so much of Coml inv Tr (g1.60). Kraft Ph Ch % { time is spent. ' Trading Active on Exchange. Comm Solvents (31). Kraft Ph oh ot 10%) Washington Railway & Electric led Somwl o 2 s : Bl e R Comwith&Sou (6 6% fi:::'.fifl-m‘fifl;::; - B F S A l l ] ( : O OMPELLING impressiveness, luxurious g;:xr‘::;ge l:d_ly,mzh‘edg::;gge& :;:)fik Conde Naat Pub ¢ Kroger Gr&Bak(n1). " . . . beauty and smart efficiency are only a few of Thie day's sales totaled 160 shares R Canley Tinteota. Qe st d % the outstanding features of our matched suites of ap raction changed hands to Consol Clgar (7). ... . iture. the extent of 26 shares at 79, National . Consol Cigar pt (1) N L e e "o Bk National 2100 , 925 15th St. N.W. _ office furniture, Savings & Trust sold at 550, Mergen- Consol Film (3) 4 3 Leh Val Coal pf (38) Office Furniture Section, Fourth Floor th_-‘_l;r ‘rtn 10‘;1 -gd é‘lnsmn‘ acm “6'1 o gonnn: 'Il-;;l‘l‘ =33 % % Lehigh Valley (1434) 3 /0 hundred shares of Carpe! - ‘onsql Gas Leh: = 5 poration changed hands at 23%. There Consol Gas NY o (8 H et L . THERE IS NO SUBSTITUTE FOR SAFETY /A | Were many other stock transactions and Consol RR Cul 2 59 58 bonds werg alco in fair demand. . _ Consol Textlle R N - Y™ Capital stock . +.$1,000,000.00 i saomiand Cn;ll}:l ‘stock, "paid’ up; Cast ment in a good sound | Capital stock i +ves 1,000,000.00 . Capital stock, paid "up, in security, Cash .o 200,000.00 - =Se wSFE 14,930.91 8,492.39 Cash dividends remaini ed $413,613,772.00 i | y FILE®EST MORTGAGES '-__' {) - / \&_ DEFINITELY COMPUT- ABLE INCOME That’s one of the advantages that accrue to an investment in our 6%2% FIRST MORTGAGES I BuasSonvaumBrnsan o EreNeSeSS " - @ S BaSr [SISTRIINS:- =73 = o s 3 =3