Evening Star Newspaper, March 29, 1930, Page 13

FINANCIAL. - CANADIAN RALWAY OFFGAL IS HERE E. W. Beatty Arrives Capital for Brief Stay on Tour. in BY EDWARD C. STONE. E. W. Beatty, president of the Cana- dian Pacific Rallroad, and chairman of the Canadian Pacific Steamship Co was in Washington today, having ar- rived in his private car over the Penn- sylvania Railroad from New York Vesterday. Mr. Beatty has been ~ described by Canadians ing the biggest. bu Job. He su- pervision over 21,000 miles of way, steamshi whicth span the Atlantic and Pa- cific oceans, 10.000 miles of telegraph lines, a chain of hotels costing mil- g lions and a big e press compan: ‘That he has had a remarkable busi- | iness . W. Beatty, | NEW YORK STOCK EXCHANGE THE EVENING STAR, WASHINGTON, D. C., SATURDAY, MARCH 29, 1930. Received by Private Wire Direct to The Star Office. Notice—All stocks are sold in one-hundred share lots excepting those designated by the letter s which shows those stocks to be sold in odd lots only. —Prev High. 110 351 31 3% 41 1% 145 36 % 6% 1930.~ Low. 104 23% Adams kxpr (160) 23 Adams Millis (2).... 11% Advance Rumley.... )2 Advance Rumley pf. % Abumada Lead 41 1% 14 118 Air Reduction (3) 21 146% 145 21 Alr Way E1 Ap(3%). 33 34 33l 1% Ajax Rubber B g 2 Stock ano Dividend Rate. Abraham & St pf (7). 308 105% 108% 289 36% 35% 18 31% 31 75 19% 19% 354 38 Sales— 5 954 Alleg Corp pf (5% ) 99% Allegh'y C pf ww bl 255% Ailled Ch & Dye(n§) 49' Allls-Chalmers «3). . 284 Alpha Port Cemt (3) 18 Amerada Corp (2). (% Am Agricul Chem Am Argicul Ch pt. Am Bank Note (13, Am Beet Sugar. 40% Am Bosch Magneto. 46% Am Brake Snoe(2.40) =% Am Brown Hov Kleo. 60's Am Brown B E pf(7)210s 11it Am Can (4). 816 140% Am Canpt (7) Goly Am Car & Fdy 5% Am Chain pt (1). o6 A Chicle Co (12%). 19% Am Com Aicotnl 6v) 35 Am European Seo. ¥2% Am & Kor Fower, 107 Am&Forn Pwr pf(1) 19% Am Hawanan 5 8 () 55 Am lce Co (14), 35% Am international 2 Am La ¥ & Foamite, 1045 99% 64n 38 8% 80 (658) €961y 302 Ad6 00. Hign. Low. Close. Close. 108% 360 31% 194 38 1% 146 3414 108 - 364 30% 20% 3914 1% 1477 33 24 T4 84n 104% 991y 295 6474 9% Py % 85 105 9914 4% 39 29 B4 84 ~Prev 1930.~ (283s), mfig.‘ 3414 Tale Kl 2714 38% 102% 33 35% Stoek ana Bales— Low. 50% Conti Can (2%)..... 28 Contl Dia Fibre (3). 59 Contl Insur (2.40)... 5% Continental Motor: 19% Contl O1l of Del. 27% Contl Shares (1) 8714 Corn Prod (13%) 244 Coty. Inc (k2).... 254 Cream of Wht(12%) 9 Crex Carpet... 10% Crosley Radio (1)... 43 Crown Cork & Seal. . 84 Crueible Steel (kb).. 3% Cuba Cane Sugar.... 2 Cuba Cane Sugar pf. 9 Cuba Co. 674 Cuban-A: . 44% Cudahy Packing (4). 113 Curtis Pub Co(18%). 114% Curtis Publish pf(7) 64 Curtiss Wrignt Corp 13% Curt Wright Corp A. 64 Cutler-Hammr(3%). 28% Davison Chem. . 117 Deere & Copf (7)... 161% Delaware & Hud (9), 2 136 Del Lack & W (t7).. 59 60 Denv& RG W pf. 2 145 EIEr S ere-— " an® w383 5 4 195% Detroit Edison (8) 1 4 176% Eastman Kodax (18) 30 Devoe& R.A (2.40). 1 139 Diamond Match (8). 800s 6% Dome Mines (1). . 3 20 Dominion Strs (1.3 3 77 Drug Corpn (4). 82 82 Dunhill Inter (34) 2 1121« Du Pontde N (14.70) 80 114's Dupontd N deb (6).. 30 » Eaton Axle & 8 (3)... 7 Eitington-Schild 41 Eitingon pf (6%)... Prev Dividend Rats. Add 00 High. Low Close. Close. 71 314 68 ISTOCKS ADVANCED IN AGTIVE MARKET Many New Highs for Year Are Scored in Brisk Buying. BY GEORGE T. HUGHES. Special Dispatch to The Star, NEW YORK, March 29 —Closing the week with a burst of speculative buying reminiscent of the exciting days of last Summer, whole went into new high ground, with all the familiar indications of wide- spread public interest. The railroad shares assumed the leadership at the start. Traders have long been arguing that there could not be a real bull market without an ad- vance in railroad stocks commensurate with that in Car loadings and income statements, however, have been so discouraging that the rails have been held back, and from a statistical standpoint their hesitation has been logical. New Highs Scored. The market today, however, acted as if railroad prosperity were assured. liberally over the list and they in- cluded not only the seasoned dividend payers, but the low-priced purely spec- today's stock market as a| industrials and utilities. | New highs for the year were scattered | strong earlier in the week consolidating their gains while the others were simply neglected. ‘The weekly trade reviews were mildly optimistic, but the improvement noted was not uniform or emphatic. Perhaps as interesting & development as any was the drop in crude ofl production and the increase in gasoline consumption. NEW YORK COTTON. NEW YORK, March 29 (Special).— An extremely steady cotton market prevailed today, with a slow improve- ment that ended around best figures of the session. May changed hands in closing deal- ings at 15.90, which was within 5 points of high records of the week. There was very little pressure and an insistent | demand throughout the session. SpOLsI were advanced 10 points to 16.10. Cotton range: Open. . 1585 15.50 1525 High. 15.96 13.62 1536 1573 15.49 1578 1554 Close. ! 15.92 | 1553 Low. 15.84 15.50 October. new. ... 15:28 December, old. . 1565 December, new.. 15.38 January, old January, new ... 1546 INVESTMENT TRUSTS NEW YORK, March 29 (#)—Over- the-counter market: Bid Asked Assoc Stand Ol Stock: 12% 13% Gapital Manage . 4 Charted Invest Com Chemical Nat Assoc ... Combined Trust Shares Crum & Foster Ins B ... Crum & Foster Ins 7s pf Fixed Trust Shares A Fixed Trust Shares B Incorporated Equities . Investors Trustee Shares . Natl Bond & Share Stand Collat Trust S tandard Oil Trust Shares Trustee Standard Oil Shares FINANCIAL. e —————————— ITRAM_ G. LENNON — Niee President-Treasurer ALLAN E. WALKER & COMPANY, Inc. REAL ESTATE LOANS INSURANCE Members of the Insurance Clud of Washington Insurance—Fidelity and Surety Bonds 913 Fifteenth Street N.W. Fire, Tornado, Burglary, Liability, Plate Glass and Automobile Insurance—Fidelity and Surety Bonds STATEMENT OF THE CONDITION OF THE Glens Falls' Insurance Company of Glens Falls, N. Y. On the 31st day of December, 1920. a8 required under the District of Colum- bia Code. amended June 30. 1903, and August 18, 1911 ATEMENT OF THE CONDITION b OF THE Hartford Accident and Indemnity Company of Hartford, Connecticut On the 31st day of December. 1920, as required under the District of Colum- bia Code. amended June 30, 1902, and August 18, 1911, Capital stock Capital stock. cagh ...... 1:$10.000.000.00 3,000.000.00 Capital stock . Cavital stock. baid up. .. $5,000,000.00 Cash In office ™ 5.000.000.00 Cash in bank Real estate ... " Collateral loans Real estate (first lien) i Stocks and bonds (market value) ... . Bills receivabie . Premiums uncolleciéd in hands of agents Interest due and accriied All other assets: sundry b Secured Funds in_hands Work. Comp. Reins. Bur. 189,603 60 366,000.00 33.300.395.00 60.517.85 7.337.189.48 327.503.43 31,549 13 5.170.660 81 503.411.16 Cash in office . Cash in bank. Real estate .., Real estate (first lfen) ... 770.183.00 Stocks and bond: t value) . ..... ... 16.770,083.55 Premjums uncollecied and in hands of agents ..... 1.510.230.39 Interest due and accrued.. 95.620.40 720.02 1$23,420.396.16 mortzages 22140400 | A1 %Gther asset: 3 80 Total assets. 269.546.57 Funds In hands Comp. Reins. Bur. Work held LIABILITTES. Net unpald ciaims.. . Reserve as required law ... S Salaries. " rents R R Cash_dividends *remaining unpaid s $1,778.007.55 8.218,867.47 598,000.00 200,000.00 pletion of contracts u der surety bonds. Total assets 50.053.08 346,702,201.86 ulative stocks. Naturally, the demon- stration revived merger rumors. These were believed to be responsible for the 5-point jump in Chicago Great Western preferred on the first sale today. Sim- llarly the new peak prices at which such stocks as Western Maryland and Western Pacific changed hands resulted from this fresh interest in the con- solidation_ situation. | The advance in the high-grade rail- road stocks was perhaps a readjustment of ideas as to their investment worth. It took Pennsylvania and Union Pacific to the best of the year, brought New York Central, Atchison, Kansas City Southern and New Haven into the list and eventually broadened out to include nearly all the important carrier issues. Next to the rails the utilties were the most prominent and here American Telephone & Telegraph was the center ||| Code. amended June 30, 1002, and Au- of attention. For the first time in 1930 oL il the stock sold above $260 a share, re- X 5%2:300:909:99 sponding to the report that the ex- pected Tights to be given to stockhold- ers to subscribe to additional shares would be in the ratio of one for seven. Irregularity in List. General Electric was another star per- | former, selling above 85, at a new high for the present shares. The stock was turned over in huge volume at the high. Before the session was half over U. S. Steel had touched 194, also for the first time since January 1. While all this was going on among the leaders, irregularity ruled elsewhere. Oils and motors for the most part | marked _time, those that had been ness career is shown by the fact that | he was made president of the Canadian | Pacific at 41. He is now 52 vears of | age and is a bachelor. On arrival here he was greeted by Hon. Vincent Massey, Canadian Minister to the United States, and had lunch with him. The distinguished railroad magnate will Jeave the Capital tonight for New Orleans over the Southern Railway. Young on Next Stock Crash. Every day one hears rumors that somebody over in New York banking or brokerage circles says that there will be another stock crash before July 1 as severe as the one that started in No- vember. Yet conservative financiers pay no attention to these hearsay ru- mors, declaring that it will take years o bring about conditions necessary to such a stock tumble, although admit- ting, of course, that moderate declines are always possible and often probable. Governor Roy A. Young of the Federal Reserve Board, in addressing the Ameri- can Automobile Association executives a few days ago, scouted the fear that A Locomotive (8) Am Loco PLAT)easnn. Am Mach & Fay (1) Am Meiwi (3)... 23 Am Nut Gas pf (7).. 6108 % Am Piano. - 10z 3! Am Plano pf 308 T Awm Power & 61 50% Am R4&Sta San lige 31 0% Am Republics....... 4 B0l Am Holling Mill (2). 20 ®5 Am Shipbullding 8) 1us UYTh Al Si & Ket (4).... 183% Am Sm & Ref pf (7). 4Zix Am Bnul Co (13%).. 1o AmSolventsChem., i 2b% AmSolChevpt(d). 2 44's Am Steel K'dy (3)eee. 8 46'y Am Stores (2). 60! Am Sugar RIg (6) 104 Am Sugar Rfg pf(7). 16% Am Sumatra Tob. 24 Am Tel & Ca (b) 216 Am Tel & Tel (9). 5.000.000.00 1.513,075.10 T$17.307.050.12 cted dur- Capital stock.""" All other liabiities. Total ifabilities. Character of business tra: ing the year 1920: Pire, Lightning Tornado, Marine, Automobile, Earth- aquake, Riot, Civii Commotion, Explo- Registered ¥l Klec Auto Lite 16) 106% El Auto-Lite pf (1) 435 klectric BORE. ....rs 49% El Pwr & Lt (1). 10615 El Pwr & Lt pf (1 69% Eleo Storage Bat (8) 5214 Endicott-John (5)... 1073 Endicott-John pf (1) 89% Eug Pub Serv (31).. 94y Eng Pub Sve pf (6%) 56 Eng PubSeclfs (31). 56% Krie R R.... 85 Eureka Cac Ci ( 1844 Evans Auto Ldg 2%. 22 Exchange Buf (1%). 4% Falrbanks Co....cecum 3414 Fairbanks Morse (3) 102 Fairbanks M pf (7)., 15 Fash Park Asso. 59% Fed Lt & Tro (31%). 7% Fed Motor Tr (80¢) .. 3214 Fed Wat8, A (e2.40). 29 Federated Dept Stra. 390 ATaTPOBROE K83 o 65% Fid Pho Fire 1(3.60) 197 A Tobacco (B) (8). 31 zdow zdziy 243 R e, 125 AmType Fdry (8).., 2 j . e d b o5 Am Water Wks (A1), 31 11y } e e there was danger of & recurrence of the Tt Am Woolen. 3 4 Fisk Rubber. b stock market ‘hysterla” of 1928 and 19% Am WOOLER DE.nvers L el S 1929, He said that the events of Lhese 5 12% Fisk Rub 1st pfev.. years were still fresh enough in the 871 Kollansbee Bros (3).. minds of the public to prevent recur- 604 Foster Wheeler (3).. Tence in the immediate future. 15% Foundation Ct & 46% FourthNatl Inv Firms Making Up Ticker Club. 16 Fox Flm A (§4). The following New York Stock Ex- 384 Freeport, Texas (16) change firms with Washington offices 3% Gardner Motor...... arg connected with the newly organized 12 QGen Amer Investors. Ticker Club: 99% Gen Am Tnk Car(34) Eastman, Dillon & Co., Arthur For- 494 Gen Asphalt (4)...e aker, manager; Fenner & Beane, John Bronze (2) MeLean, manager; Harriman & Co., S. Bow Chipman, = resident partner; Hemphill, Noyes & Co. Thomas J. Mangan, jr., manager; W. B. Hibbs & Co., W.'W. Spaid, partner; J. A. W. Iglehart & Co., Robert Stead, manager; F. B. Keech & Co., George A. Garrett, partner; W. W. Lanahan & Co., Edwin D. Flather, manager; Mackubin, Good- rich & Co., Ralph M. Wolfe, manager; M. J. Meehan & Co., Frank J. F. Thiel, resident partner; G. M. P. Murphy & Co.,, A. C. Flather, comanager; Stein Bros. & Boyce, Edward- W. Gamble, jr., manager; Westheimer & Co., Alfred H. Reeside, manager; Wright, Siade & Co., Harry Fridley, manager, and Harriss & Vose, McElroy Moss, manager. Cross-Currents in Market. M. C. Bouvier & Co., in its April review of the stock market make the startling point that since the beginning of the year bull and bear markets have been in progress stimultaneously. In sup- port of this unique contention it 1s pointed out that eight major groups of securities have advanced in this period and five have declined. As to general business, moreover, the review says that “cities fifty miles apart are at the antipodes of prosperity and depression, while & cross-section of the various in- . dustries is equally diverse.” Merchan- dising and ol stocks have undergone the greatest decline, the review states, while the amusement group followed by utili- tles and miscellaneous Industrials, has riade the greater gains. Pending D. C. Bills Reviewed. ‘Two bills designed to protect citizens here from investment fraud are now pending in Congress. One i known as he Blaine bill and the other as the Capper bill. The Blaine bill is strictly 8 biue sky bill and in specific terms bars the sale of securities in the Dis- trict of Columbia, with certain exemp- tions, until certain specified legal for- malities have been fulfilled. The Capper bill, on the other hand, would not pass upon securities before they are offered for sale, but does pro- vide means for dealing with fraudu- lent sellers. ‘The United States Investor, published in Boston, takes cognizance of the sit- uation here in an article under the heading, “Protecting Washington, D. C., Investors,” in which it discusses the merits of the two bills, with a decided leaning toward the Capper measure. Financial District Gleanings. ‘Washington bank clearings this week totaled $23,310,000, against $27,458,000 last week. The figures showed a de- crease of 188 per cent with the cor- responding week last year. The McCrory Stores Corporation has declared the regular quarterly dividend of $1.50 on its 6 per cent convertible preferred stock, payable May 1 to stockholders of record April 18, George A. Garrett, resident partner of F. B. Keech & Co., has returned from a business trip to New York. George A. Prevost, a director in the Park Savings Bank, is at Atlantic City for a two weeks' vacation. L. Seth Schnitman, for seven years in the business survey section of the Department of Commerce, has resigned to become chief statisticlan in the di- vision of statistics and research of the F. B. Dodge Corporation, publishers of U_8_Canadian Banks LIABILITIES. Net unpaid claims. ... $4.208.183.00 Reserve as reauired by law | 793 Reinsurance premiums X Salaries, rents. expen e 876.914.16 brokerage, 1.441.172.30 taxes, etc.. Commissions. 100.000.00 3,000,000.00 109 z10 44 65 First Mortgage Loans e Lowest Rates of Interest and Commission Cneh dividen: unpaid Capital stock All other liabilities not admitted . Voluntary re- serve $2,500.000.00 Surplus 7,588.210.56 10,088.210.56 Total liabilities. .. .. ...$46.702,201.86 Character of business during the year 1929: Accident, Health. Auto Liabil ity. Other Linbility, Fidelity, Suret Glass, Burglary, Auto P. D. and Collision, Other’ Prop. Damage and Collision. and Live Stock. Losses _sustained during the year 1929.. $15,330,606.58 Money Teceived du; e s . 31,368,076.67 year 1929 . Expended during’ thie T 1929 29.318,084.15 J. COLLINS LEE. Vice President. ROB. C. LEES HAMILTON, Comptroller. Subscribed and sworn to befor me this 8th_day of February. 1930, (Seal) G. L LUSK. Notary Public. My commission’ expires Feb. 1. 193 Annual Statement (75th) OF THE Mutual Fire Insurance Co. of the District of Columbia —on the 31st day of December, 1929, as required under the Dis- trict of Columbia Code, amended June 30, 1902, and August 18, 1911 Assets Cash in office.. $4,313.62 Cash in bank.. 16,106.59 Real estate.... 63,040.80 Real estate mort gages (first lien).. Stocks and bonds (market value)..... Interest due and accrued All other assets Trexrtasl assets...$324,139.43 Character of business transacted during the year 1929: Fire Insurance, ‘mutual plan. Amount of risk assumed during the year 1929 .$17,534,130.00 Losses sustained during the year 1929. . 12,038.12 Money received during the year 1929. . . 54,978.72 Expended during the year 1929... cene 45,441.26 W. .A. H. CHURCH, President. L. PIERCE BOTELER, Secretary. Subscribed and sworn to before me this 28th day of February, 1930. (Seal.) THELMA PEACOCK, Notary Public, D. C. This Company has given over seventy-five years of service to the citizens of Washington—insurance protection to homes, store and other buildings, and their contents. It is operated on a purely Mutual plan—all savings of premium paid is credited to the policyholders, with interest, and later returned, greatly reducing the cost of their insurance. MANAGERS: OFFICERS: William A. H. Church B. F. Saul W. A. H. Church, President L. sion. 'Sprinkler Leakage. Mail._Mail Package. Touri: Fur Floater. Jewelers' Floater, Me: chandise Floater. Golfers' Transpol tation, Aircraft Property Damage. Thomas J. Fisher & Company, Inc. Assets .. 759.619.74 STATEMENT OF THE CONDITION Of the Union Central Life Insurance Company of Cincinnati, Ohio On the 31st day of December, 1929. as required under the District of Columbia 25 3 F 5 3 2 108 the year lll?l 3,407.771.81 year 1029 . 11,501,937.05 G. P. CRAWFORD, Vice President. F. W. STEIN, Secretary. " SRR, A5 R, fo fefore e (Seal.) NORA L. DINEEN, Notary Public. Commission expires March 31, Cash n office Cash in bank 945.612.13 g!lll elllllt‘ LEREES R 23.202.752.05 eal ““estate * “morigakes. (first llen) .. goas . 197.797.652 50 Bonds (market ‘Vaiiej ;1 4,414,735.18 Premiums uncollected $1,500.00 14 Am Writ Fapercifs, 2 8% AmZinc Ld&Sm... o ¢} Anaconda Copr (7). 168 40 Anaconda W&C (3).. 5 85 Anchor Cap (2.40) 30% Andes Copper (3)..s 22's Archer-Dan-a (2).u 74% Armour Del pt (1).. o% Armour Ill (A). 2% Armour 1l (B). 07 Armour 11l pt (7, 6% Arnold Constabl 36i% Asso Appl Ind (4. 25 AssoLry G (34)... 85 Asso DG 2dpf (7).us 219% Atch T &S Fe (10) 102% Atch T&SF pf (5) 166 Atl Coast Line (110). 364 Atl Refining (12). ¥l's Atias Powder (4).... 101 Atlas Powdr pf (6). 31% Atlas Stores (1) 17513 Auburn Auto ()¢ 3% Austin Nichols. 4% Autosale: 37 Auto-StSafRA (3) 4% Aviation Corp Del... 30 Baldwin,Loco (1.76). 111 115 5,272.306.24 11:370.507.91 59.335.430.63 0,735.72 .3308,631,232.93 deferred . s Interest due and accried.. Policy loans . All other assets . Total assets LIABILITIES. Net unpald claims ........ $1.348707.70 Reserve as required by law 252.394,694.00 Beinsurance premiums . 18030134 rents, ex " :. T 1,406,303.14 N reiers: SANETIM 1.173.792 41 500.000 00 34,606.750.87 803,591.96 13.067.268.27 .3308,631,232.93 @ Eenfanarle te et . < 4 Cash_dividends’ remaining unpaid .. .. Capital stock ' All other. liabilit] Surplus derived from non- perticipating policies ... Surplus derived from DA< ticipating policies Total liabilities 65% Gen Cable A (4). 51 Gen Cigar (4). 60% Gen Electric (1.60).. 11% Gen Elec spec (60c).. 464 Gen'l Food Corpn (8) 6415 Gen Gas&El A (te2). 13% Gen Gas&El A(new) 104 GenG&EIpfA (D). 41 Genltal Ed w. 1 4613 Genera! Mills (3). 904 Gen Mills pt (6). 37% Gen Motors (13.30).. 117% Gen Motors pf (1) 15 Gen Out Adv (2) 32% Gen Pub Sve (b§ 86! Gen Ry Signal (b 67 Gen Refrac (14%) 39% Gen Theat Equip vts 8114 Gtllette Saf Raz(nb). 11% Gimbel Brothers. ..o 667 Gimbel Bros pf (7). 41 @lidden Co (h2). 983 Glidden pr pf (7). Gobel (Adoif). % Gold Dust (2% 40% Goodrich BF (4).ees 62 Goodyear Tire (5)... 21% Gotham Silk H (3%) Tl Gould Coupler. . '. wm H_ Salmders CO. lnc' 9% Graham-Paig g5 Graham-Paige ct:. 51 Granby Copper (8).. & 324 Grand Stlver Stra (1) 1435 K St. NW. Dist. 101§ 18% Grand Umion........ 87 Grand Union pf (3). 87 Granite City Stl (4, 32% Grant (W T) (1) 95 Grt North pt (6). ... 90% Grt North pf ct (6).. 19% GtNetfs O P (a3%). 28 Grt West Sug (3.80). 12 Grisby Grunow 26 Guantanamo Sug pf. 38% Gulf Mo & North.... 1% Gulf Sta Steel (4)... 26 Hackensack W (1%) 26 Hackenpf A (1%).. 12% Hano Dept Stores. .. 71% Hahn Dept 8 pf(6%) 24 Hall(WF) Printg(2) 85 Hanna pt (new) (7). 55 Harb&Walker(1214) 20% Hartman A (2) . 13% Hartman Corp B 1.20 6'% Hayes Body... . 82 Helme (Geo H) (17). 784 Hercules Powder (3) 70 Hershey Choa (6). ... 831 Hershey Choc pf(15) 450 Hocking Val (10). 15 lloe (R) & Co. . 26% Holland Fur (e12%). + Hollander & Son. ... 19 Houdaille Her B (2). 49 H'hold Fin pf (13%). 62% Houston Ol.... - 35% Howe Sound (14%).. 46% Hud&Man Ry (3.50) 53% Hudson Motor (6) 20% Hupp Motor Car (2). 71 Celotex pt (1) 128 Milinots Central (7).. 231 Cent Aguirre As1%. 20% Independ Ofl & G (3) 30% Cent Alloy Steel (2).. 33 5 Ind Motor Cyel 31 Cent Alloy ctfs (2).. 30 Indn Motorcycle pf.. 279 Cent RRof NJ (112) 17% Indian Refining...., 8% Century R1b Mills, 16 Indian Refining ct. .. 57% Cerro de Pasco (6). 90 Indus Ray(b5%stk). 11 Certaln-teed Prod, 154% Ingersoll Rand (4).. 38 Certain-teed pt. G 70% Inland Steel (4). 36 Cbecker Cab (4.30).s 26% Inspiration (4)... 203 Ches & Ohio (10) 13% Insurance Shars 46e, 63'% Chesapeake Corp 20% Interboro Rap Trun. 4% Chi & Alton. 24 Interlake Iron (1) 5% Chi & Alton Pfeessses 4% Intl Agricultural. bullding periodicals and _statistical 86 Chi& East 1ll pt. 54! Intl Agri pf (7). 12% Chi Great W 16% Intl Carrlers. services. He is a Yale man and an ex- 9 5% i pert in his Hine. 54 Chi Great Wi G a2 5% Intl Coment (4). Int Combustion, DIVIDENDS DECLARED. 54" Chlcago & n W Inter Comb Eng pf. 84 Chicago& N W (5. 78% Intl Harve 2%) e G Tnt bt £ (e -— ' Chi Pneu T pf (3%). 5 5t ch Dt (4). ... NEW YORK, March 29 (). e e ey, T2 - 0% 25 Intl Mer Marine (1), Regular. 1004 ChiR & Pacpf (6)e 4 3 81t Int Nickel of Can (1) o aon Chi Yellow Cab(3).. 20s 26 IntlPap & P A(3.40). G 25 Chickasha C O1l (3).. Abr bt Money to Loan first deed of ling Interest Joseph I Weller {1,735 % § V! s Liabilities Net unpaid claims ..... Reserve as re- quired by law Salaries, rents, expenses, taxes, etc.... 122.42 All other Liabilities. . .. 20,192.95 Tesd il liabilities . ..$32,821.54 Real Estate Loans Made I inkins ‘ o Character of business transacted during . :‘he ¥Fltl' l?T‘ Li e ount o Lc’gul’ihl‘ lhel yltll;l e ‘il51.37'v.l’ 00 Ses ® sustaned durin The vear 1020 "N% 16.080.847.00 eived ~ dufing e vear 102 . e 12.543,584.82 the year 1929 ... 53,592,280.24 Expended during the year 1929 . HAS. HOMMEYER. CHAS. e Fresident. W. HOWARD COX, Secretary. Subsceibed and_sworn to before me ug day of February, 1930 CHAS. . A’ HAFNER. Sffoiary Public, Hamiiton Co., ORio. Edward S. Brashears General Agent 910 17th Street Member District of Columbia Life Under- $743.00 11,763 17 .- . 226,550.00 59 Baldwin Loco pf (7). 20s Baitimore & Ohio (1) 83 63 Bang & Aroos (3%).. 12 110 Bang & Arcos pf €1). 30s 2% Barnet Leather, 2015 Barnsdall. A (2) 63% Bayuk Cigar (3 Beacon Of| 67 Beatrice Cr 4% Belding-Heminway 80 Belg N Ry pt pf 5.49, 2% Bendix Aviation (3). 314 Best & Co (2). . 11 92 Bethlehem Steel (6). 140 122'% Bethlehem St pf (7). 2 74 Blu'thal & Co pf (7).. 40, 57% Bohn Al & Bra 3% Booth Fisherie 60% Borden Co (k3). 3274 Borg Warner (4). 99 Boston & Maine (4) 13% Briggs Mfg 18 Brockway M T 63 Bklyn-Manhat 84% Bklyn-Man Tr pf ( 131 Bklyn Union Gas (5) 113% Brown Shoe pf (7).. 13 Bruns-Balk-Col. 14% Bruns Ter & Ry 12 2214 Bucyrus Erle (1). 1y 33%4 Bucyrusevpf (2%)e & 9% Budd (EG) Mfg (1). 74 8% Budd Wheel (1)...ee 38 29% Bullard Co (1.60)... 38 264 Bulova Watch (3)..s 205 991 Burns Bros A (8).. 22'¢ Burns Bros B. 43% Burr Add Mach (1). 36 Bush Termnl (23%). 100% Bush Term deb (7). 109% Bush T Bldg pt (7) 16% Butterick Co 804 Byers (A M).. 66% Calif Packing (4).. 1 Callahan Zinc & L. 747 Calumet & Aris (6. 264 Calumet&Hec(ad3%). 19 Campbell Wyant (2). 10 63% Canada Dry G A (8)e 13 7. 187% Canadian Pac (10). 2 27 Cannon Mills (3.80) 18% Capital Adm (A)ecen 1924 Case (J 1) (6).. 54 Caterpillr Trac 13% 35% Celotex (3). Money to Loan on Property in the District of Columbia First Trusts Only I'mmediate Attention 9,650.00 4,408.42 70.00 46 106% 182 85 58% 4 T5% 49% 108} 194 19 75 92 166% Consult Us Regarding Your Maturing Mortgage. LONG-TERM REAL ESTATE LOANS WE MAKE FIRST MORTGAGES ON Homes, Apartments and Business Properties In the District of Columbia and Nearby Maryland and Virginia RANDALL H. HAGNER & COMPANY, INC. 1321 Connecticut Avenue Decatur 3600 508 243 Mortgage Loan Correspondent C. Kattelmann New York Life Insurance Company L. Pierce Boteler Edwin C. Brandenburg C. Kattel s A Johites attelmann, Treasurer Arthur Carr Wm. Reed Macgill, Ass't Sec'y “It Pays to Insure in the Mutual Fire” Ask for Rates and Other Information. Phone NAtional 1180 Office in Company’s Building 1301 H Street N.W. The Largest Insurers of Homes in the District ierce Boteler, Secretary “Twilight Zone!” Many an investor still believes there actually is a “twilight zone” wherein he can sately mingle two systems—"‘speculation” and “'invest~ ment.” Only when he stumbles does he realize the truth—that boundary line is fixed! Whena man speculates with his money, he is gambling. He thinks the stock he has bought will go up, .so that he can sell out at a profit . . . FIRST MORTGAGES INVEST WITH CONFIDENCE There is no lack of convinc- ing precedent for the desir- ability of our 6',% FIRST MORTGAGES as an investment, no matter how large or small the amount. They are secured by real estate we ourselves have ap- praised, and the interest is not only fixed, but its prompt pay- ment is assured, at each six months’ period. But the man who INVESTS his capital realizes that when he places his funds in a steady, safe security,’ HIS profit wil NOT fluctuate with every financial wind Hidrs. of record Avr. 18 Mar. 13 Apr. 18 0 Mar. 24 T City Stores (500) SR 106 CCC&StLpt (6) Aor. 4 30 Cl 138% Coca-Cola (6).vesves Apr. 20 Jine 20 484 Coca-Cola A (3), 60 Apr: 7 or 1 14 Company. Amerada Corp.. Am e 3 Athol Mfz Bancroft 7% _p{ Bay State P Bell Tel Corn "Pro Do. b ... Curtis Bub 0. Dt .. Gt Nor. Iron’ Ore P 75¢ Greund Giip Sh of.7T5c Gruen Watch ......50c R s 3 1 180¢ Do. . .50¢ 12% Intl Pap & Pwr C.... 57% Childs Co (2.40). .00 79% Int Pap & Pwr pt (7) 46% Intl Printing Ink (3) 69 Int Salt () 59% Intl Snoe (3)..,... 62% Int Tel & Telog (3). 26% Inter Dept St (3), .. 19 In tors Equity(3). 38% Island Creek Coal(4) Colgate-Pal-P (3%). 43 Jowel Tea (4). Collins & AIKImAD . »er 117 Johns-Manvills ‘2 Col Fuel & Iron (3). 118% Jones & Laugh pt(7 ;,-5; g::‘::b s:“fl:"l" ¢ 2 Jordan Motor Car 7 s ). 77 Kan City Sou (6). 24% Columb Graph (8’ 67% Kan City Sou pf (4), 168% Columblan Carb (1! 11% Karstadt (R) (1.02). 23% Com Credit (3).. 18 Kaufmann)D 8 (1%) 81% Comm Credit A (3).+ 34 Kayser Jullus (4) 76% Com Crd 1st pf (6%) 50s 85 Keith-Albee-O pf 36/ Coml Inv Tr (£1.60)s 11 2 y Hayes (3) #7 Comm Inv cv pf. 1 inator Corp. 27% Comm Solvents ( 54 Kennecott (6)...... 124 Comwitb&Sou(600). 225 49 Kimberly-Clank(13), 99 Comm & Sou pf ()., 2 20 Kinney GR (1), 44 Conde Nast Pub(3).. 3 57 86% Kinney (G R) pt (8). 45 CongressCgr (16%). 8 52 52 1% Kolster Radlo. . 13% Congoleum-Nairn... 42 19 184 38 Kraft PhCh (1 44 Consol Cigar (7). 12 63% 634 30% Kresge(88)Co( 67 Consol Cgrprpf€i. 40s 79 79 28% Kreuger&Toll ( 16% Consol Film (3)..... 23 24% 23% 87 .Kroger Gr&Bak(nl 18 Consol Film pf (3)ee 10 24% 24% 97 ~ Lambert Co (8) 963 Consol Gas N Y (é).. 137 124% 128% 6% Les Rubber & Tire. 49 Consol RRCubpf(6) 13 59% 59% 060% 34 Leh Port Cem (3% Mor.25 | 2 1 Consol Textil 21 1% 1% 1% 12 _Lehigh Valley Coal. 12 Container Cor A1.30. 8 20 19% 20 ~70% Lehigh Valley (143%) 84 4% Container Corp B 38 B4 B 8K 89 Lehman Corporation 35 8615 Cont! Baking A. 65 36% 35w 35% 37 2% & Fink (3).,.. . 10 b4 Contl Baking B. 65 bW Bl bYW -6% ] 86% Oflflmfl(.): 6 861 86% 86l 8% (Continued on Page 14.). Apr. Apr. Apr. 3 Apr Avr, May July Avr. Apr June Sep. Dec Naturally he has turned on the clear light of investigation before placing his investment —and at the head of his list will stand the First Mortgage Notes offered through the Swartzell, Rheem & Hensey Company. These notes pay their owners a regular non-fluctue ating return of 6 per cent per annum, the value of the principal never wavers a penny= and these Notes have maintained this record for almost 61 years, through all the ups and downs of this country’s expansion. Over a Third of a Do.m [ Harbauer Co MacMillan Pet N ¥ Investors Do _nt N G Lioyd (A 'S $343 8n Do C GAE pf 17 Telautograph Corp Vand Hotel € bt Century Without a Loss 88 434 94%4 47% 87 35% 17% 101 56 000" 2200000090000° 0200000 OOO! May be purchased in amounts from $250 up. B. F. SAUL CO. National 2100 925 15th St. N.\W. Telautograph Corp United Molasses . 2% Initial, Ford Mot of Ber,.10¢ . i United Molasses. 12} . Tnereased. Wat-Par Pdy Ma 5225 Q M Reduced. N Y Casualty... ..50c Q Stock. MacMillan Petrol.. 2% Q Mead Fuly & Pan.. 2% Q Omitied. Suttig Sa & Do pf.51.76 Q DueAdr.l 56 SWARTZELL, RHEEM & HENSEY CO. MORTGAGE BANKERS 727 15 STREET N.W. WASHINGTON D.C. / 18% 53 79 24 24 124% 60 1% 19% 8 4% 6% 31% 8w 1124 11 41% 17% 2% % 3 Mar. 25 Mar. Avr. 15 5 Mar. 31 Apr. 15 Av 11 s2u o 1 L% THERE..IS NO SUBSTITUTE.. FOR. SAFETY