Evening Star Newspaper, April 2, 1930, Page 13

FINANCLO L. THE EVENING STAR, WASHINGTON, D. C., WEDNESDAY, APRIL 2, 1930. |ADVANCE IN STOCKS ™" "W baevcaun ces Of the nvs Maryland cities whose WASHIGTONGIS || NEw YORK STOCK EXCHANGE STOCK REAPPEARS .. Quotation Lower on D. C. Money to Loan Joseph I Wollor ‘."":"'""}m February building permits were includ- edmt.halmuntwtheneum :nk me-hundred shate Iots | ooy, O e Rata. L'&:';; B ! mor:u;n gy e . w. viden wn, in com| ar, Tir s o) s | e 1" Consol Texule. i showed increased valuations of 18 and 12 Container Cor A 0 16 per cent, respectively. Decreases s8is Conl Sasing &« Join Oils and Util | Bary, &"per cent. ana Bredsrik: 38 po n ng - | bury, 64 per cent, an eric per 54 Contl Baking B, con pers oin f oer‘;{ mpewumngmn a drop of 19 per Notice—All stocks are sold I.n ing those designated by the vhle shows those stocks to be sold in odd lots only. Sales of Each Stock Confll!d to 12:30 P.M. ~Prev 1930..~ First Stock ano Dividend Rate. . Low. u Abitibt 'ow 2 3 Applications Exchange Than During Previous Trading. BY EDWARD C. STONE. wnhlnmn Gas Light stock ap- the local stock exchange eodny for the first time in many sessions. The stock changed hands in 10, 3 and 15 share lots at 122 against the past previous sale at 126. The closing quotation was 123 bid and 133 asked. Capital Traction opened today at 79 for 12 and 10 share lots and then advanced to 9% on three small sales totaling 20 shares. Potomac Electric Power 6 wmch 1121. W] 513 per cent issue came out at 1083 and 108%. w&shingwn Railway & Electric sold at 97, 30 shares of Mergenthaler Lino- type changed hands at 107 and 100 shares of National Mortgage & Invest- ment preferred sold at 43;. Two bank stocks appeared on the board Federal- American National selling at 293 and Riggs National at 530 In the bond division trading was confined to Washington Gas 6s, series B, lt 104% and Barber & Ross 6l2s at w ‘M. J. van Luttervald, a member of the Amsterdam Exchange, was a visitor at the local exchange today and was accorded privileges of the floor. Associates to Honor Owings. ‘The officers and directors of the Bank of Commerce & Savings will give & dinner tomorrow night in honor of Frank Owings, who reécently resigned as cashier of the bank after 16 years of service with the institution, to de- vote all his time to_personal business. D. Rosenberg will preside and Joseph H. Milans, the secretary, make the chief address. Pmuully all the employes will attend. ‘Those giving the dinner, to take place at the Ambassador Hotel, include: ‘Maurice D. Rosenberg, president; Jo< seph Sanders and Irving Owings, vice nts; John M. Riordon‘ executive vice pmtdem Thomas J. Groom, vice president ai cashie; Joseph H. Milans, Iecreury Dr. Clarence A. ‘Weaver, auditor; Alexander Wolf, gen- eran counsel; Oliver Exline, assistant cashier, and the following directors: Louis Bush, J. E. Collifiower, E. T. Chewning, Floyd E. Davis, R. L. Elliott, C. E. Edwards, A. S. Gltley. G. A Kneessi, So! Lansburgh, M. Leese, E. Mayer, J. F. Mlury "Vernon G. Owen and Elie S| Southern 'l‘rl!t Puley. The third Southern Trust Confer- ence under the auspices of trust com- division, A. B. A, will be held in , Ala., on April 25 and 26. Bama *Fiorida, " Georgia. . Kentueky, entuci mml. WVPL North Carolina, cnollm m and Vir- which 'fl.l be devo'zd to a consideration most_effective w C. dent the First Nlflmnl Bank et Montgomery, u general chairman the conference. Ole‘h ufl the Stock Market. ‘The boisterous conduct of the stock market lately has given rise to appre- hension in some qunmn that a new and unbfldled wave lpecuhuan is about start, says the New York m spectre of & voracious mar. ket which once more will gobble up lll svailable credit, nullifying the of the Federal Reserve Bank to vide tnmnen with easy money, is be- market can hardly be expected with business conditions as they now are. On the other hand, a buoyant market will have a valuable effect in lifting public monle and stimulating business optimism, the Times believes. Official announcement of the merger of North American Co.’s California sub- sidiaries with Pacific Gas & Electric Co., subject to approval of the California Railroad Commission, reveals the !:g: Pacific Gas '.hm(h ownership o{ 1,825,000 shares of common stock, or more than 32 per cent of total common stock to be outstand- Gas will turn over this block of stock to Western Power tion, uin Light & Power Corporation and 4’ Counties Public Bervice Gor- poration. ‘The consolidation will give California one of the largest interconnected power systems under single ownership in the United States, Prank L. Dame, president of the North American Co., said. Financial District Brevities. Reservations were coming in rapidly today for the District Bankers’ Asso- ciation Spring dinner at the Columbia Country Club, April 14. An unusually large attendance is forecast by Presi- dent W. J. Waller and the committee members. Pat Harrison, one of the speakers, addressed the American Bankers' As- sociation Spring counsel meeting last year at Biloxi, Miss, and was heard with intense interest by financiers from all over the country. Attorney Carter B. Keene, the other speaker, has al- ready served the local bankers on one occasion as toastmaster. Mackubin, Goodrich & Co. have pre- pared an analysis of the Houston Oil Co. of Texas and its wholly owned natural gas subsidiary, the Houston Pipe Line Co. The analysis covers in detail operations for the past 10 years and shows a book value for the com- vice president manager of the Capitol Title & Guar- antee Co. was announced yesterday, Mr. Dent stating he would be able to devote more time to other business affairs. The controller of the currency has received lgphcnhm to organize Peoples’ National Bank of Lewisburg, W. Va. capital, $50,000, same. The current number of Trust Com- panies Magazine has a review of the 40 years’ service r:nflered by the Wash- ington Loan & Trust Co. The publi- cation also contains pictures of Presi- dent John B. Larner, Vice President G. Meem and Vice President Baden. Harry Wl.lllun H. meral convention mmnufioe of fln trict Bankers’ Assoclation will meet Friday afternoon at the call of Chairman George O. Vass. Gov. Roy A. Young of the Federal Reserve Board told the House commit~ tee on banking and currency that many bankers all over the United States predict extension of chain and branch banking, although many regret such a o,rend BARK CLEAB!NGS NEW YORK, April (Bmlll) —~New York bank clearings, togay, §: ,noo - i "'l 936,000, W and has approved High. Low. 85 9% 45 Abraham Strai 23% Adams kxpr (1 23 Adams Miliis (3). % Abumada Lead. Alr Reduction (3) Alr Way Bl Ap(3%) 1% Ajax Rubber... 7 Alaska Juneau. 15% 84 Albany I W Paper. 5% 23 Alleghany Corp. . 107% 95% Alleg Corp pf (6%).. 99% 304% 41 bk 3 105 268 513 2% 119% 107 88 69% 108 26% 266 243% 246% 1244 141% 116 20% 99% Allegh'y C pf ww 6% 2565% Allled Ch & Dye(n6) 121 Allled C&Dpf (7).. 49% Allis-Chaimers (3).. 28% Alpha Port Cemt (3) 2% Amal Leather. . 18 Amerada Corp (2)... 6% Am Agricul Chem... 26 Am Argicul Ch pf 77 Am Bank Note (13 7 Am Beet Sugar. 40% Am Bosch Magnet 46% Am Brake Shoe(3.40) 8% Am Brown Bov Eleo. 117% Am Can (4)... 65% Am Car & Fdy (6)... 236% Am Chicle Co (13%). 19% Am Com Alco(nl.60) 82% Am & For PO'OI..‘. 95 Ama&Forn Pwr 2d pf. 19% Am Hawattan S 8 (3) 274 Am Hide & Lea pf... B6% Am Tiome Frodcs £0) 35% Am lce Co (T4)..... 5% Am International (2) Z Am La F & Foamite, 80 Am Locomotive (8). 210 Am Mach & Fdy (7). 44 Am Metal (3). - % Am Plano. 77 Am Power & Lt (ll) 100 Am Pow & Lt pt (6). 80 AmP&LptAst(S). 7% AmP&LPLA(3%) 80% Am Ra&Std San 1% . 20% Am Republics....... 80% Am Rolling Mill (3). 69 Am Safety Raszor (6) 17% Am Seating (2).eeem 1% Am Ship & Com. . 69% Am Sm & Ref (4). . 1 41% Am Snuff Co (13%).. 15 Am Solvents Chem.. 25% Am Sol Ch ov pfed). 44} Am Steel Fdy (3).... 46% Am Stores (2).....s 60% Am Sugar Rfg (5)... 104 Am Sugar Rfg pf(7) 15% Am Sumatra Tob.... 216 Am Tel & Tel 19).... 197 Am Tobacco (8). 197 Am Tobacco B) 120 Am Tobaceo pf (: 125 Am Type Fdry (3)..; #81% Am Water Wks (n1), 7% Am Woolen. 19% Am Woolen pf. 5 Am Writ Paper ctf: 29% Amft Writg Pa pf(4) 8% Am Zinc Ld & Sm. 40 Anaconda W&C (3).. 85 Anchor Cap (2.40)..y 80% Andes Copper (3)..a 22% Archer-Dan-M (3).u 74% Armour Del pf (7). 59 Atl Gulf & W 1 pf(5). 364 Atl Refining (12) 8134 Atlas Powder (4).m 81K Atlas Stores (1)....s 175% Auburn Auto (34).eu 3% Austin Nichols. 415 Autosales. , 87 Auto-StSaf RA (3). 4% Aviation Corp Del. 80% Baldwin.Loco (1.76). % 115 Baltimore & Ohlo (7) 178“ 809- 23% 104% 28% 6% 65 41% 104 45% 184% 50% 63% 85% 86% 69% 101% 0%9 784 Balto & Ohlo pf (4).. 63 Bang & Aroos (3%).. 67% Beatrice Cream (4).. 101% B'trice Cream pf (7). 60% Beech-Nut Pkg (3).. 4% Belding-Heminway.. 82% Bendix AVMI-IOI @). 31% Best & Co (: 92 DolhIM lml ), 122% Bethlehem 8t pf (7). 47% Bohn Al & Brass (3). 70 Bon AmiA (4 3% Booth Fisher! 60% Borden Co (k3) 32% Borg Warner (4). 99 Boston & Maine (4).. 18% Briggs Mfg.. 21% Rriggs&Stratton (3), 1% British Empire Steel. 4% British Em Stl 24 pt. 18 Brockway M T...... 68 Bklyn-Manbat (4)..+ 131 Bkiyn Union Gas (5) 40 Brown Shoe Co (3).. 18% Bruns-Balk-Col. 83% Buecyrus ov pt um. 9% Budd (E G) Mfg (1). oel (1). 16% Butterick Co.. 80% Byers (A M). 66% Calif Packing “)..u- 1 Callahan Zino & L. T4% Calumet & Ariz () 26% Calumet&Hec(ad). 19 Campbell Wyant (2). 192% Case (J 1) (6)... 54 Caterpillr Trac Qll - 35% Celotex (3).. Celotex pf (7). s 231 Cent Aguirre As1%. 30% Cent Alloy Steel (2). 31 Cent Alloy ctfs (2).. Cent RR of N J (112) 57% Cerro de Pasco (6) 11 Certain-teed Prod. 88 Certain-teed pf. 34 ChiGreat Westn pf.. 22% Chi Mill St P&Pao... 89% Chi Mill St P&Pac pf 84 Chicago & N W (6).. 22% Chi Pneu Tool... 51% Chi Poeu T of (3%). 114 ChiRI&Pac(7).... 100% Chi R 1 & Pac pf 16). 25 Chickasha C Ol (3).. 57% Childs Co (2 40). 65 Chile Copper (15). 43% Chrysler Corp (3)... Ty City Stores (60¢).... 30 Cluett Peabody (6) .. ) 104% Dolflullof‘(l) 2 834 32% 33 184 2% 2w 2% 10 84 7% 8 18% 13% 13% 14 2 800 2v8% 300 2 126% 1264 126% 126% 48 6T 654 65 6i% 1 38% 384 39 2 3% 15 W27 83 26 92 9 9% 49% 49% 5214 b2W 524 25 18% 16% 18 % Lb!h HQ% 149% 152% 5 0% 70% 71 28 50‘! 509( 48% 10 23% 28 lo 284 29 B8% 56% 260 93% 2 6 97 28% 2 32% | 6 €61 6 65 66 10 40% 40% | 150 b55% 5% 5 San 13 a4 4 3 2% 2 B6 §6 86 Bl 10 267 260 260 264% 80 bl% 48U Bl 48& 66 2 1% 2 70 119 116'% 116% llB 2 105% 105% 105% 1054 2 87% 87 87 87% 1 85% B83% 85% 84w 800 88% 374 374 3TN 85% 3844 34w 35% l( 92 91K 9% 91U 62% 6l 61% 62% 22 21 22 20% 1% 1% 1% 1% 0% T8 T8 T4 42 42 42 42 18% 184 18% 28w 281 28k 49% 48 48 49% b2 50% 50% 51 67 66% 66% 674 107% 107% 107% 1073 16% 16% 16% 165 263% 269 2 263% 287% 285 285 238 288% 236% 288 238% 128% 123% 128% 122% 1403 140 140% 141% 7% 112% 112% 116% 14% 14% 14% 14% 894 39% 39% 40 @ - € . a rEelranctemeBelanaln e Rone 14% 8l% 79% 79% 8% 47% 4T 474 48 49% 46% 48 46% 37% 36% 87 36 26% 24% 26% 24% % 6% 76k 764 1 R 7 % 4 3% 3% 4 9% 9% 9w 9K 4l 4l 41% 42 47 45% 47 463 93% 93% 93% 93% 239% 238 238% 239% 105 104% 104% 105% 17¢ 174 174 175 69% 67% 69% 684 63% 63 63 634 50 48% 48% 50% 100 100 100 102 35 83% 34 3d4% 26:“ 254% 269% 4 % 8 2 o - EPN ISP - TN & Buuaqan 34% 34% 34% 34% e * wonEREeNES lZl'A 119% 119% 122 82 82 81% 80% 9% T9% 81k 83% 30% 30% 32w 16% 16 16% 165 82 81 104 104 104 64 64 64 5 5 5 301) b6} b54% baw B4 45% 44% 45 45% 100 109% 107% 107% 109 2 131% 131% 131% 131% 46 681 664 664 65 % 4% T4% T2% 4% 4 4w 4% 76% T4% 75 Ti% 50 4814 48% 49 106 106 106 107 18% 17% 1% 18% 33% 33% 33% 334 3 2% 24 2 4% 4w 19% 19% 3% 2% 2% T4% 170 167 167 169% 40 40 40 41% 29% 26% 26% 28% 20% 20% 204 20% 31 30% 380% 30% 42% 42% 42% 42% 15% 16 15 15 144 18% 13% 13w 4 % 124 2% 41% 39% 39% 41w 110% 109% 109% 109 856 32% 32% 33% 487 48U 48% 484 43% 43 43% 43 3% 3% 3% 3% 3% 3% 3% 3% 26% 264 26% 264 105% 101% 101% 104% o erneSeSRem o » S8%canSiia 2' % 8% T8% T8% T8% 212 209 209 212 81% 31% 314 382 2815 28 28% 28 273 266 265 0 77 6 76 % 17 % 7 64% 634 634 62 13% 1% 12 13 43% 39 434 39 60% b56% 56% 60 237% 287% 287% 2388% 2 7 8% 8% 79 8 8% 8 8% 8% 8% 61% b51% b2 16% 16% 164 445 45% 455 23% 23% 24% 41% 41% 42 874 BT% 1% 844 34w 35U bb% bbl% 65% 123% 128 128% 124 1034 108% 108% 108% 26% 26% 25% 25 5% 64l 64 64l 6uln 60 60w 65 E% 384 B4 d8U Uh 5% 8l Bl 4T% 4T 4bY% 187% 138 186% 182% o & 86 85% 0% 10% T2% 7 80% 8244 2 IDSK 108% 105% 109 28% 2! Ilk 24% Columb Graph (87e). 197 30% 199 40% 1684 Columbian Carb (16) 23% Com Credit (3)...... 31% Comm Credit A (3).. 36\ Coml Inv Tr (g1 60), 85 Com'l Inv cv pf(a6). 27% Comm Solvents 131). 12% Comwlih&Sou(80c). Bg Comm & Sou pt (8).. 1% Congoleum-Nairn. .. 45 Congress Cgr (163%). 44 Consol Cigar (1)...e 15 Consel Piles €3). Consol Film o m..' 21 18(% 181 381 38% 40% 435 43% 43% 16 3 100 333 19 6 10016 100% 100 100% 16 18% 184 18% 18%|. 2 52 51w B2 51% 3 64 b4 b4 B4 9 25% 26% 264 264 3 25 24% 24% 25 127% 124% 124% 126% : 101% 101% 101% 101% 50% Contl Can (34)... 28 Contl Dia Fibre (3. 59 Contl Insur (2.40 5% Continental Motor: 87% Corn Prod ul{) 2434 Coty. Ino (K3)....... M mut Wht(13%). rrrery lfl% Cr-lhy mlo a). & Seal. Sugar.... Cuba Cane Sugar pf.. Cuba Co.veceevarsse Packing (4). Wright Corp 18% Curt Wright Corp A. 64 Cutler-Hammr(3%). 28% Davison Chem...... 1614 Delaware & Hud (3). I Lack & W (17 g Corpn (. 1% DuluthSS & Atl.... 82 Dunhill Inter (34)... 112 Du Pont de N (14.70) 100 Duquesne 1st pf (6). 20% Estn Roll Mill(ht2). 176% Eastman Kodak (18) 27% Eaton Axle & 8 (3. 7 Eftington-Schild. 81 lec Auto Lite (8).. 416 Flectrio Boat....... 49% E) Pwr& Lt (1), 69% Elec Storage Bat (5) 5214 Endicott-John (5). 39% Eng Pub Serv (11). 94% Eng Pub 8ve pf (5).. 94% Eng Pub Sve of (534) Eng Pub S ctfs (f1).. 57% Erfe RR2d pf (4)..y 18% Evans Auto Ldg 3%. 35 Eureka CaocCl (4) 4% Fairbanks Co.. . . 84% Fairbanks M 15 Fash Park Allfl 32% Fed Wat 8, A (e2.40), 29 Federated Dept Strs. 26 Firestone T&R(1.60) 79% Firestone T&R pf(6) 50% First Nat Strs (3%). 3 Fisk Rubber........ 87 Follansbee Bros (3).. 6014 Foster Wheeler (3).. 16% Foundation Co. 46% FourthNatl Inv. 16% Fox Film A (§4 12 Gen Amlr Investors. 99% Gen Am Tnk Car(3$4) 61% Guilf Sta Steel 12% Hahn Dept Stores. 71% Hahn Dept 8 pf(63%). 24 Hall(WF) Printg(2) % s;rtmn Corp B 1.30 Powder (3) hey Choe (6).... ey Choo pf(t5) ey Ch pr pf(6). Holland Fur (e13%). Hollander & Son..... Houdalle Her B (3). H’hold Fin pf (13%). Houston Oil... Hupp Motor Car (. Iitinois Central (7).. Illinois Cent pf (6).. independ Ol & G (3) Ind Motor Cyele...a. Indian Refinin; Indian Refining et Ingersoll Rand (4. {nllnfl Steel (4) Insurance Shars ¢50. Interboro Rap Trun. Intercontinental Rub Inter Comb Eng Int Combust pf ctfs.; Intl Harvester (3%). Intt Harv pt (7). Int Hydro Bl A (.')- Intl Mateh pf intl Mer Marine 11)- 1ot Nickel of Can (1) Intl Nick Can pt (7). intl Pap & Pwr C. Intl Printing Ink (3) Intl Shoe (3). oem int Tel & Teleg (l) Inter Dept 8t (3. Investors Equity (3. Island Creek Coal(4). Jewel Tea (4) Johns-Manville (3). Jordan Motor Car..a Karstadt (R) (1.03). Kayser Jullus (4)... Keith-Albee-O pf (7) Kelvinator Corp. Kennecott (5). Kinney G R (1) Kolster Rado. . Kraft Ph Ch (1%). Kresge(88)Co(1.60). Kress (SH) (1).. Kreuger&Toll n.n). Kroger Gr&Bak(nl). . 188 Liggett & My pt (7). 6% Lima Locomotl: 52% Liquid Carbonie 42% Loew's. Inc (3 856% Loew's, Ino pf - TS - - KEDO NBAHAS RO AR NE oo eABNG® - LIS LT @ L P S RS- " mRoades 5o ememaedabs 8 - ER-- TS R-TH e ities in Heavy Volume of Trading. BY STANLEY W. PRENOSIL, Associated Press Pinancial m&' NEW YORK, April 2. the New York Stock Exchange conun- ued at & record-breaking pace today, with the market showing i.nmul.nl ir- larity, but with the bullish forces in control of the price movement. !"lurrles of selling swept through the market at frequent interv: but new leaders were quickly brou ht forward and the general level of prices invaria- bly worked higher, Total sales crossed the 2500,000-share mark at midday, with the ticker running more than half an hour behind the market in the early | I afternoon. Profit-Taking Heavy. Heavy profit-taking was apparent in many issues today in :nuctpmnn of & e increase in Federal Reserve brokers’ loans tomorrow “Bear” traders subbornly opposed the advance of many 394 | issues, but they caused only temporary set-backs. Worthington Pump, which sold as low as 110 yesterday, snapped back to 136 today. United Aircraft was car- ried down 1% to 80 in the morning, but had rebounded to a new high at 923 by early afterncon. Similar re- coverles took place in numerous other specialties. While public participation has been showing & large increase in volume, some of the large commission houses report that small speculators are not being loaded up with stocks, due to extensive switching of commitments. Transfer of numerous blocks of 5,000 to 25,000 shares in the last {ew days is believed to be due, in part, to buying by strong financial interests, presum- ably for the account of investment trusts. ‘The day's business news did not fur- nish much ammunition for speculators for the advance. Feight car loadings in the week ended March 22 totaled only 875,542 cars, & drop of 5,645 below the preceding week and a reduction of 86,- 858 cars below the corresponding week of 1929. ‘The Iron Age review reported a mod- erate upturn in steel output, but ex- plained that no sharp rebound in ac- tivity was looked for and indicated that some producers believed that the indus- try would do well to maintain its re- cent gains. Pig iron output, in contrast with the decline in steel ingot output, increased about 3 per cent in March, the daily average for that month being the largest of any month since last November. The American Petroleum In- stitute reported a decline of 21,700 ber- rels in the dally average of crude oil production last week. Radlo, in whlch a large short inter- est is Tt e developed, was again a strong !uture in today's mar- ket, crossing 58 to & new peak price for the year. J. I Case jumped nearly 7 points on unconfirmed rumors of mer- ger discussions with Allis-Chalmers. Coppers gathered strength on reports of a betkr export demand for nw nd metal and the optimistic trade casts of leading executives in Y.he ln- dustry, Anaconda, Cerro de Pasco, Ameriean Smelting and Kennecott reaching new high ground. New Peak Prices. Among the many public utilities, in- dustrials and specialties to register new peak prices for the year were Ameri- can Inumltlonll, nmdlx. Consolidated Gas, Electric Power & Light, North American Co., National Power & Light and American Water Works. Grapes hom Argentina, BALTIMORE, 11 2 (Special).— ‘With arrival of the avan Line steamer of the frult ever brought this port by steamer. The fruit hu been kept in condition by the re- frigerator system on the Cortona. cent was reported. . OPEN SHIP OFFICES. M. J. Meehan & Co. have mmefl their branch office on the Be main throughout the znnnthxmc travel NEW MAGAZINE. A new financial magazine, Values, has just made its appearance, issued by a firm of Boston investment counselors. t is published in tablold form, cover- l.nl 16 pages. Plrtlfrlll.ipoz‘ofify A New Low w e rac! S0 b 3 s e A T LEROY GOFF 1036 Woodward Building Real Estate Investments JAMES Y, PENNEBAKER Nat.5291 1520K St.N.W. First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. First Mortgage Notes FOR SALE In Denominations of $250 and Upwards JAMES F. SHEA 643 Louisiana Ave. N.W. The Commercial National Bank Savings Deposits Bear Interest on Daily Balances from Day of Deposit to Day of Withdrawal. Com- pare this method with usual method of computa- tion. Call and let us ex- plain. Other Departments lre equipped to lerve ou 1.,&: Bduciary Th- Bank of Personal Service 14th & G Sts. N.W. Resources Over $20,000,000 ".,. H. COOPER. President To Security Salesmen: Due to enlarged office men. proven merit. New York Stock Exchange Philadelphis Stock Exchange New York Curb Exchange (Assoclate) Phone National 9064 facilities we have most at- tractive proposition to offer three high-grade sales- This is an opportunity offering very re- munerative returns selling new and old issues of APPLY AT ONCE Samuel McCreery and Company Members) Shoreham Building, 15th & H Streets N. Real FEstate Loans T HE loan plan of the Metropol- itan Life Insurance Company js the result of their experience with home buyers throughout the United States. Loans are made in the District of Columbia and and Virginia by nearby Maryland W n'.‘XL‘ro ROS 809 15th St. N.W. District 9486 llw’fqan Loan Correspondent Metropolitan Life Insurance Company Mortgage Invited Money at Current Rates of Interest for BUILDING on improved property in the Dis- LOANS trict of Columbia and nearby or MEIL IMPROVED Promft Service PROP'ERTY —Minimum Charges ISHANNON - & LUCHY] 1435 K St. Nat. 2345 Reasonable Rates Prompt Acti B. F. SAUL CO. 925 15th St. Nat'l 2100 PERIGPER T X MANAGEMENT Apartment House MANAGEMENT Are you getting the most possible out of your invest. ment? With our management comes a detailed survey of income and expense—with such readjust. ments as our more than a third of a century’s ex- perience teaches us can be profitably made. Our service is-never an expense. B. F. SAUL CO: 925 15th St. N.W. Nat’l 2100 M@k KiG K G B L@ A N8 Equitable Co-operative Bldg. Ass'n Organized 1879 50th YEAR COMPLETED JOEN JOY EDSON, President WALTER S. PRATT, Jr., Secrefary $5,662,549.55 Surplus & Profits $1,705,130.78 Slllm:nptmn for the 98th Issue of Stock Beu. Received The Time to Save is Now While you have a steady in- come, avail yourself of the op- portunity to save. You will then be prepared for any emer- gency. Join the Equitable 915 F St. N.W. SARE FIRST MORTGAGES IN TUNE WITH THE TIMES In these days the prime con- sideration in investment is safety. The assurance of ade- quate security is of equal con- cern with the amount of in- terest your money will earn. Because of the character of the property back of the loans represented by our 6% FIRST MORTGAGES —and the definitely assured in- come that will- be paid — they meet every requirement of sound judgment. May be purchased in amounts from $250 up. B. F. SAUL CO. National 2100 925 15th St. N.\W. Over a Third of a Century Without a Loss THERE IS NO SUBSTITUTE FOR SAFETY 3% offers the advantages T of a longer loan term, and a lower interest rate . . May we prove to you, in detail, the substantial savings possible through five and one-half per cent % Prompt approvals == Valuable prepayment privileges we Three year loans on newer properties without amortization. H. L. Rust Company 1001 Fifteenth Street National 8100 ESTABLIISHAHEBED 1889 “The