Evening Star Newspaper, March 28, 1930, Page 13

FINANCIAL NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. DISTRICT NATIONAL - PROMOTES THREE Employes Are Advanced by Board as Reward for Faithful Service. s BY EDWARD C. STONE. “The board of directors of the District Bank at its meeting yesterday thnn of fts employes to new 9 mnmmy and owor- 4 Mason, who has ot assistant cashier lor ms t years, was given the tmmnm am.lu or controller, Arthur M. Atkinson, who has been paying teller for many ynrs. was elected assistant cashier, and Raymond P. Lochte, note teller for a number of years, was nt cashier, With these changes D. Murdock, assistant note teller, becomes note teller, with Harry Fleet' Harper as assistant note teller. All of these young men are products of the American Institute of Banking. Mr, Mason started in the bl.nnn[ ess as general utility clerk in 1904 Almhi mn & h.. 86U ::K Abitibi P& P pt “).. 8% ) Am Brown Bov Eles. 344 83% 51 60% Am Brown B B pt(7) IWI % 151% 1174 Am Can (4), THE EVENING STAR, WASHINGTON, D. C, FRIDAY, MARCH 28 1930, hh—rnvlma Btock and Low. 34U 344 88y 884 50l 50K 108 108 150% 150% Bales— Dividend Rate. Add 00 High. Contl Dia Fibre (3) 70 Contl Insur (2.40).. 5% Continental Motors.. 19% Contl O11 of Del Cont] Shares (1 Corn Prod (13%). Coty. Ino (k2).. Cream of wmulu). Crex Carpet Crown Cork & High. Low. 28 - Curtis Publish rmn Curtiss Wright Corp Curt Wright Corp A. Cutler-Hammr(3%). Davison Chem.. D.‘lwlrc& Hud (!). o ranaS SalumnuwnanasSone Diamond Mateh (8) "tzo. Dome Mines (1) Dominion Strs ‘LID) ) 1 Dupont 4 N deb (6).. STOCKS IRREGULAR IN AGTIVE MARKET Jw Gains of Yesterday Extend- ed, With Utilities and Motors in Van. BY STANLEY W. PRENOSIL, Associated Press Financial Editor. NEW YORK, March 28.—The stock market moved irregularly higher today under the influence of an unexpected decrease in Federal Reserve brokers’ loans and si of improving business conditions. Weakness cropped out in the baking and merchandising shares, several of which sagged to new 1930 lows, but the general list moved for- ward under the leadership of the puh- lic utilities, amusements and high- grade indus Early trading exceeded a shares-an-hour rate, with the ticker unable to keep up with the day’s trans- actions. Credit Situation. Call money renewed at 4 per cent, as million- | g5 STEEL MERGER SUCCESS IS DECLARED ASSURED By the Associated Press. YOUNGSTOWN, Ohio, March 28.— Proxies in the hands of the Youngstown Sheet & Tube Co. to be voted in favor of its proposed merger with Bethlehem Bteel Co. April 8 are sufficient to assure success of the proposal, James A. Camp- bell, chairman of the Sheet & Tube board, announced today. | Mr. Campbell's st.tement followed claims made yesterday by Cyrus S. num cmet of the opposition to the me! roponents had only ot r:fmw:hz ?’ 00{) ahll‘uru they need 8l eal, W] hold 412,000 shares, e thin enough to block it. Money to Loan FOR SALE In Denominations of $250 and Upwards JAMES F. SHEA 643 Louisiana Ave. NW. We Solicit the Rental Management of Your Property Whether Apartment, Residence or Business Prompt Collections RENTS REMITTED THE DAY RECEIVED Our Rental Department is Most Complete and Efficient. We offer co-operation at all times in the solution of Ownership Problems, such as refinancing your mortgage, repairs, insurance, etc. RANDALL H. HAGNER & COMPANY, Mortgage Loan Correspondent New York Life Insurance Company 13231 Connecticut Ave. N.W. Phone Decatur 3600 2854 84% 110% 6 874 busing with Robert N Harper, president of the Dllmct onal Bank, when Mr. T—umem of the American b Earoer & Co, bankers, and At ihe r & Co., ers, and ad organization of the District National in 1909, became assistant cashier, which tion he still holds. Mr. Mason is & by birth and & Marylander by wgum, at the present time resid- D R binson has been with the bank since’ 1018, serving as paying teller. About a year ago the plan of pl)ml- recelving = was formulated, with Mr. Atkinson as the head teller. Before oy‘:;l m:tnug:ea !;-l‘o"::ll ;:vi;‘::: 2684 21“‘ ey :lcnll")'dv . Bank ance! m Metal (3). 0000 e S h—" 65 Am NatGaspf (1).. m%.ynmox:d P. Lochte joined the 80 Am News (b8% stk). District National staff in 1917 from the L] :;‘;‘“:;-.-;;;,,, ‘112 117* Continental Trust Co., where he served S in numerous clpu:mu under Hulenrz 207 i Bedibiien. oo ] P R AT o el 1007~ 804 Am Roning Mill ¢ .ui‘:!h:l' k, to note teller, to as er! % - it cashier. against 31, fl‘yenerdny with indications | Secured by first deed of n it on m| estate. t.hn the official rate ‘would be {nm:; ‘Frevalling interest and 3 . n tained at that figure over the week end. | Joseph I Weller 42 4% Wash. L. 8 ".' ¢ A few loans in the outside market were as low as 315 despite a rather Real Estate Loans Made . . Co. 146% 140% Am Can pf ( 144% 144% 8244 65% Am Car & Fdy 6 71 6% Am Chain pf (1) 99% 36% Am Chicle Co (vlu)‘ 4T 1 24 26% 8 53% §2% Am & For Power..... 74 89% 95 Ama&Forn Pwridpf. 7 9 1% AmEawalian 88 3) 10 Eastman Kodak (18) Eaton Axl (), Elec Auto <} El arranged substantial calling of loans. Time money, commereial paper and bankers' accept- ance rates held firm. Wall Street was surprised at the drop of $21,000,000 in brokers’ loans, as pre- liminary estimates generally predicted increases of $100,000,000 to $200,000,000. In view of the sharp advance in the prices of many leading issues during the period covered by the statement many observers came to the conclusion that buying must have been for strong in- vestment account and this tended to stimulate bullish enthusiasm. Indications of an increase in building activity, as reflected in engineering con- tracts and building permits, . were stressed as a bullish factor on the theo- ry that the buying of steel, copper and building materials would be accelerated. February ings reports, now oer | being Eng Pub 8 ctfs (31),. Eauitable Bidg (1% Wm. Gordox: Buchanan PROPFRRT Y MANAGEMENT Councilor & Buchanan Certified Public Accountants Towe -Il":lll Nationgl 6110-6111-6213 (Telephone Directory Omission) 80 Am Locomotive Bureka Cac Cl (4)... Evans Auto Ldg 2%. Fairbanks Co....... Fed Lt & Tro (31%). Fed Motor Tr (80c).. Fed Wat 8, A (e2.40). Apartment House MANAGEMENT More than a third of a century’s specialized experience renders our rental department especially c-:nble in apartment house man- agement. is complete service, relieving you of all responsibilities and worrisome First Trusts Only | ST —— Immediate Attention B. F. SAUL Co.‘ wm' i Samders co. Inc. 925 15th St. N.W. Nat’l 2100 1435 K St. NW. Dist. 1015 L0 A NS on Property in the District of Columbia railroad earn! blhlnd continue to make un- favorable comparisons with the same month last year, and & - poin showing is expected in | March but improved trafiic etrnmnmlookedtormlt A ‘was the spectacular feat flu‘- market, soaring more points to a new high record on buying influenced by the belief that cheap sugar prices this year would be an lld to t.hh industry. Leaders of Trading. Auhur& Auwnwcw amtcf t::e llew ( ‘com| Tepol Ipment and sales in excess of & yeAr 8g0, jumped 6% First Nat Strs (l!i). Fisk Rubber.. Florsheim Shoe pt (9 Follansbee Bros (3).. Foster Wheeler (3) .. FourthNatl Inv. Foundation Co. 7 188% 133% Am Sm & Ref pf (7). 424 Am Snuft Co (13%).. 156 Am Solvents Chem.. 26% Afllflmflflbl ). m Awarded Bank Contract. The George A. Fuller Co. has been awarded the contract to the American & Trust Co's new 10-story addition un Fifteenth street and will start work next Tuesday, April 1. The company will also make extensive alterations in the present main office. The work will start with the demolish- of the two-story building beside main Iunkd which has for years SBarssnvaam-on canaSeacannm ol = 8.ux ey [3-CTTCTH =Toppereeg N0 RIT. 6 A G E 5 Am Writ Paper otfi 29% Amf Writg Pa pt(c) in present be made until after the new build- completed, 80 that business will SAFE FIRST DON’T CONFUSE INVESTMENT WITH SPECULATION There is a difference—the difference between certainty and uncertainty of principal and interest. : One of the best examples of investment is our 6%,% FIRST MORTGAGES They have all the certainty of security and none of the risks of speculation. From them you will always get the same amount of interest and at ma- turity the return of every dol- lar of principal. It's 6149% with- out worry. May be purchased in amounts from $250 up. F. SAUL CO. 925 15th St. NW. MORTGAGES forey ®a Metropolitan Life Insurance Company REAL ESTATE LOANS AVAILABLE Low Interest Rates 81% Atlas Stores (1) 175% Aubura Aute (3 Goodyear 18t pf (7). Long Term 4% Aviation Corp Del Gotham Silk H um 80% Baldwin,Loeo (1.16). 13 115 Balumore & Ohio (7) 22 63 Bang & Aroos (33).. 10 2% Barnet Leatner.. 30 20l Barnsdail, A (3). 63% Bayuk Cigar (8).uvee 2 67} Beatrice Cream (). 4 32% Bendix Aviation (3). 51 314 Best&Co (3).. 26 92 Bethiehem Steel (I)- 17 1224 Bethlehem St pf (1)e 2 57% Bohn Al & Brass (3, 3 Over a Third of a Consult BROS District 9486 taken over the department S purehading depirisaents. Tne pians en for a special library on this will have a subbasement pper Grand Silver Strs (1) Grand Stor pt (63).. Grand Unfon. . Grand Union pf Granite City Stl Grant (W T) (1) Grt North pf (5) Grt North pf ¢t (5) GtNotfsOP (a8y). Grt West Sug (3.80. Grisby Grunow... ..y % Guantanamo Sugar.. Gulf Mo & North. .. Guif Mo & N pf (8). Gult Sta Steel (4). Hahn Dept Stores..« Hall(WF) Printg(2) Hanna pf (new) (7). x-nwn Corp B 1.30 Century Y Without a % Loss w REALY 809 15th St. N.W. Mortgage Loan_Correspondent Metropolitan Life Insurance Company e SBwarnBur 21% Briggs&sStratton (3), 18 Brookway M Te..eee % 63 kayn -Manhat (§)... 181 Bkiyn uno- lh- ®). B. tchell, cashier of National 2100 onal Bank, . April 5, according ment by the president, H.n.k J. Stryker. Mr. Mitchell's retire- his own request as he poor health lor several years, although most of the time re- active in the banking fi Following the meeting late yewerdly 1t was announced that “the board of di- 36 Bush Termni (3 rectors of the Columbia, with regret, R have placed Mr. Mitchell on the re S50 Mucials Subssters e, ment roll.” .o F Mr. Mitchell has been with the Co- e Jumbia National for the past 23 years, et e having entered the bank in February, B e e gy conn e im] departments, his advancement result- 26% Calumet&Hec(add). ing from efficient and conscientious 1y Campbell Wyant (3). service. He has made many friends in 63% Canada Dry G A (b)e the financial district outside of nis own 187% Canadian Pae (1 bank. 27 Chnnon Mills (3. u"{ho oulum:u dlmm:n also flled:ml Tegular T cent quarter! = d-:d. Dlylhle l’Aegru o olders Flllntlll Distriet Notes. M ‘The members of the entertainment 80% Cent Alloy Steel (3)u committee Which 1s arranging the| ; 81 Ceat Alloy etfs (3) .., lighter features for the coming bankers' 3% Century Rib Mills. .. convention at Ashville, N. C., met yes- 57% Cerro de Pasco u).. 11 Certain-teed Prod. sl er 39 Certain-teed pt Inter Comb Eng p. i e T ied | B 0 CRATERRGT Bt bt T ro . ‘The American Ice Co. has declared Y Intl l{uuh”(d .ood the regular quarterly dividend of 75 Intl Mer Marine (1)« cents on common and $1.50 on preferred Int Nickel of Can (1) stock, both payable Aprfl 25 to stock- Intl Paper pt (1) holders of record April 4. Intl Pap & P A( Reports_received from managers of Intl Pap & Pwr stores of F. & W. Grand-Silver Stores, Intl Pap & Pwr C. , show that more than 90 per cent of the managers expect business this rear to be above the general level of 929, Harold F. Stone, president of the recently merged chain system, said yes- terday. ‘The Anacostia bank will be 20 years old in May and plans are already under Wway to make this milestone a notable the president, bac) after dividend require. ments and other charges of Federal serve banks would be placed in a sep mte fund under control of the Secre- tary of the Treasury to guarantee de- posits of falled member banks of the Federal Reserve System, under a bill d by Representative Steagall of ‘David Pender Grocery Co, % hich CAW has mny stores in Virginia, has de- clared the regular quarterly vid-nd of 871, cents on the class yable June 1 to stockholders of record llly 20 Trading on the Washington Stock Exchange was in excellent volume to- day, kee;fll:‘o up the pace set by the I, Do L 101 ‘Was - P e s seven erent transact 10;’ . tlan-. all at llhlnm ehm.dhnndltn lots at 96% and ummnmn rows Bucyrus Krie (1).... 9% Budd (BG) Mg (1), 100 84 Budd Wheel (1 83 IS NO SUBSTITUTE FOR SAFETY THERE fore; P - «==a¢-¢e=u.uun!§‘se» BTN Y 1 Houdaille Her B (3)+ H'hold Fin pf ('Hfi). Houston Ol Howe Sound (14%).. Hud&Man Ry (3.50). Hudson Motor (8)..s Hupp Motor Car (2).. Illinols Central (7)., Independ Oll & G (l) 1831 1930 66 years ago Presi- 99 dent Andrew Jackson signed the char- ter of The Potomac In- surance Co. Since which time it has afforded unin- terrupted service and abso- Iute protection to the fire insuring ‘public—the old- ’;’ft L) est lmf largest local fire : | E5=EE POTOMAC ol el (D0 AR ——— INSURANCE COMPANY Intl Carriers. 2 of Officers THE DISTRICT OF COLUMBIA GEORGE W. WHITE CHARTERED BY ACT OF CONGRESS, MARCH, 1831 President “0"“.5 C. MOORE On the 31st day of December, 1929, as muln‘ under the Dlltrm of Columbia Code, amended June 30, 1902, Vice President and Manager August 18, 191 99th ANNUAL STATEMENT OF THE T4% Calumet & Aria % xub 2121 1% S1n 8% 24 40 41% T Vite renient Capital stock. ... Capital s i ALEXANDER K. PHILLIPS i ‘““- ‘afd ‘up, in ‘cash ecretary J. W. LAWLER Asw't Secretary Int Pap & Pwr pf (1) Intl Rys Cent Am. = = weABHE ~aaame 51% Chi rncuru (!KJ. DENT 114 ChiRi& (Y8 Secretary 100% Chi RAAPMD: 1 26 Chickasha COMl (3). 2)eses Investors lflnlv(li. Island Creek Coal(4) Jewel Tea (4) Johns-Manville Jordan Motor Car, Kan City Sou (8). Kan City Sou pf (4).. Knnne: (R) (1.02). e Jullllll 4). lbcll and bonds (market value) receivable, farm premium notes (none overdue). Directors m-n-- uncollected and in hands of agent Interest due and accrued . GEORGE W. WHITE All other assets: Special deposit, Philadelphia Board ‘ot 'Fire Underwriters Presjdent National Moetropelitan Relnsurance recoverable on paid losses, $20,138.86, less expenses, $449.03.... TOTAL ASSETS.......cccoieeeannnccnns Cireiisssssssecsssasssassancanesss . $8,712,750.28 LIABILITIES A. A. HOEHLING Nice Fresident & Trust Officer, CIAS. E. HOOD Insurance and Real Estate CHAS. E. HOWE Treasurer American Security & THOS. C. MOORE Vice President & Manager F. NORIE-MILLER General Manager Gen. Accident Assur. Corp. WALTER GOMONT S. NORIE-MILLER Ass't General Manager, General Accident Corp. C. F. R. OGILBY Attorney at Law 1384 Coca-Cola (63 48% Coca-Cola A (3) 80 Colgate-Pal-P (314). 14% Collins & Alkman. .a 78 Collins & Aik pt (T)u . $263,025.82 Net unpaid claims. ... 1,557,519.69 £1,500.00 2 Brownron aBw - ° & TOTAL LIABILITIES Character of business transacted ‘nrlns the year 1939—Fire, Tornado, Automobile, Hail and % Kreuger&Toll (1. u) Amount of risk assumed during the year 1! Kroger Gr&Bak(n1). Money received during the year 1929 .umua . Expended during the year 1929.. 942,453.17 . GEORGE W. Wfllm "President. ALEX K. PHILLIPS, Secretary. Subscribed and sworn to before me this 10th day of February, 1930. (Seal) JOHN H. HOLMEAD, Notary Public. $500,000.00 1,295,684.72 Surplus to pnllcy holders.. 1,795,684.72 Assets ...... SOy e e L Riasacs 3,712,730.23 pA Writes All Forms of Fire, Wlnd-Storm, Hail and Automobile Policies Absolute Protection for Ninety-Nine Years 36w Coml Inv Tr (§1.60). 89 Com InvTrpf (6%). 87 Comm Invev pf.. 27% Comm Solvents m). 115 thasou( 120 ICHARD E. P. Attorney st Law ALEXANDER K. PHILLIPS Becretary oo Smatnl: Rheem & FREDERICK RICHARDSON U. 8. Manager General Accident Assurance Corp. & Electric pre- several lnl.ll ve 52% Liquid Carbonie (4).. 42 Loew's. Ine (3). 8% Loft Inc...... 50% Loose-Wiles (12.70). 16% Lortllard (P) Co.. 884 LouG&EIA QY .8 Loulsiana Ol {Continued on 12 Container Cor A 1.30 shares of commercul Nationai 44 Container Corp sold ox-dmamd at 238. Bond tradin 39 Contl Baking A. was confined to $5,000, $3,000, nno5 7 5% onu Baking nd $1,000 transactions in wunlnmn 86% lu;upt(l).. e 28-share turnover, maluabanBelaBorme & Blectric 45 st 87%, am...- bd t