Evening Star Newspaper, April 3, 1930, Page 15

| FINANCIALD/) FINANCIAL, eIl CURB ISSUES HIOVE IN NARROW RANGE THE EVENING STAR, WASHINGTON, D. C, THURSDAY, APRIL 3, 1930. TRANSACTIONS ON THE NEW YORK CURB MARKET ~Prev 1930.— Stock and Bales— High. Low. Dividend Rate. Add 00. Open. High. 8% 5% Sunray Oil (40¢e).... 6% 6% :::: 38 Superheater (13%).. Washington Produce Butter—One-pound prints, 4115a4: Low. 2:8. |tuD. 4072841, Eggs—Hennery, 26; cur- 1 20 |rent receipts, 241,225, 21 Poultry, alive—Turkeys, young, 34a35; Stock and Low. Dividend Rate. 14 USLinespf(1)..... 19% U S & Overseas war. Notice—All stocks are sold in one hundred-share lots | —~Prev1980.— excepting those designated by the letter o (65s) (288s), | Bieh Low. which shows those stocks to be sold in odd lots enly e w ~Prev 1930.—~ Stock and Bales— High. w. Dividend Rate. Add 00. Open. High. Stock and Bales— ? Dividend Rate. Add 00, Open. High. Low. 3:88. Groo Stors Prod vte. 2 12% 12% 12% 12% Guardian Invest...« Guif Ollof Pa (1%). Bales— Add 00. Open. High. 19% 20 Utilities Group Is Again Fea- tured in Irregular Price .+ Changes. 2 BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, April 3.—Utility holding companies featured an irregular and moderately active curb market today. Electric Bond & Share moved within a fractional range as it was compelled to absorb short selling as well as profit- | taking. American Superpower and United Light & Power A inclined to- wards lower levels. Niagara Hudson Power, leader of the preceding session, was twirled vigor- ously again today. Traders bid the stock up in expectation of merger developments in the east. Eastern States Power B and St. Regis Paper reached record high levels on this movement while Niagara shares appre= clated more than a point. Brazilian Light & Traction rose frac- tionally following London cables indi- cating that American and Foreign Power had resumed negotiations for its light and power properties and International ‘Telephone & Telegraph has resumed conversations for its telephone plants. ‘These negotiations were broken off dur- ing the market crash last Autumn. Oils were slightly higher, readily ab- sorbing considerable profit-taking. Gulf Oil of Pennsylvania pointed higher, which was also true of Lion Oil and a group of Standard Oil issues, such as Humble, Ohio Oil and Vacuum Oil. Memphis Natural Gas was the first of that group to register a new high. United Gas, however, led in activity, with Lone Star Gas and the two Arkansas Natural Gas issues also ad- vancing slightly. Superheater rose to a new 1930 high before the regular dividend declaration. Powdrell & Alexander, whose sales have been improving, opened up 2% points. Novadel Angene moved to a new top for the year. Babcock & Wilcox was up 2'2 points. Consolidated Retail Stores was promi- ment in the chains as it moved against the lower trend and rose to a 1930 high, up 1'; points. Pilot Radio and Tube, advertised by the New York to Ber- muda flight, was whirled to a new peak again today. Anglo Chilean Nitrate. with improved operations due to new plants, advanced 2 points to a 1930 high. Newmont Mining was up about 2, as its 1929 Teport showed earnings of $23.35 a share against $15.25 a share on a small- er number of shares in 1928. NEW SECURITIES NEW YORK, April 3 (#).—New se- curity offerings today include: State of Missouri, $10.000,000 414 per cent bonds, maturing April 1, 1933 to 1942, inclusive; priced to yield 4.05 per cent; offered by a banking group head- ed by Harris, Forbes & Co. J. J. Newberry Co., $5,000,000 10-year convertible 5': per cent gold notes, dated April 1, 1930, and to mature April 1, 1940; priced at 99 and accrued interest, to yield 555 per cent; offered by the Guaranty Co. of New York. Texas Gas Utilities Co., $3,000,000 first mortgage 6 per cent sinking fund gold bonds, dated April 1, 1930, and due April 1, 1945; priced at 98 and accrued interest, to yield over 6.20 per cent; of- fered by P. W. Chapman & Co., Inc., and others. Province of British Columbia, $3,000,- 000 25-year 4!, per cent sinking fund gold debentures, dated April 2, 1930, due April 1, 1955; priced at 954 and ac- crued interest, yielding about 4.83 per cent; offered by Fry, Mills, Spence & Co. and others. City of Louisville, Ky. $2,000000 bonds, dated February 1, 1929, and due February 1, 1969, consisting of $1,525,- 000 4 per cent, priced at 100 and inter- est, and $475.000 4!, per cent, priced at 104 and interest, yielding about 4.05 per cent; offered by the National City Co. City of Englewood, N. J. $1,016,000 41, per cent gold bonds, dated April 1, 1930, and due serially April 1, 1932 to 1962; priced to yicld 4.15 to 4.20 per cent, according to maturity; offered by the Bancamerica-Blair Corporation and others, Talbot County Bonds. BALTIMORE, April 3 (Special). — An issue of $30,000 of Talbot.County 4 per cent school bonds was yesterday awarded to Weilepp-Bruton & Co. The issue bears the date of September 1, 1929, and matures serially from Sep- tember 1, 1936, to September 1, 1941, and will yield approximately 4.10 per cent. ‘The bid of the winning bankers was approximately 1.1 per cent per bond higher than the next lower bidders. BONDS ON THE CURB s DOMESTIC thousands. 2 Aluminum Ltd 55 '4 7 A 1 4 a; : 8las A ‘37 ww 93 t QUL Inv 5s '54 A 86%% t 55 A G 6 5! nves Co 55 A elvinator 65 ‘36 xw 8 s G & C 55 . RRAS SER! ..»,.. Zz772222RR! 3 YT YT Tri UH 0 Wes Union Tel FOREIGN BONDS, 7s '52 987 i 83488030 538E2E; ~ % 845 275 108% 105% 209 108 47% 86% 8% 4% 12 % 40 87 9 T 4% 37 28% 14 31% 204 28% 234 5% 3% % " 37 254% 22 15% T6% 60l 166 113% 15% 10 4% 225 72 T% 303 87% 3% 19% 1% 3% 17 11 15% - 6% 504 7 39 28 % 15W 224 7 9% 24% Y 122 2% 5 31M 6% 141 6% 11% 27 85% 2% 51 24% 32% 3 40 2% 10% a5 3 1% 31p 26% 5 25 314 25% 34% 19 101 4% 21y 121y 241y 24 534 63 18 3% bl 293% 234 6l 31 18% 124 25 15 TLE 5 1% 124%% 90% 21% 10 & 107 28 38 11% 12% 1% 39% 5% £ 18% % W 2% 1% 1 1 % 8% 3 740 436 151 118 % 2% T 4% 8% 6 104 19 4% 25W 14 T%h 44% 24% 22% 28% 16% 82 13% 6 18% 8 £ 17 28 86 6% 104 1% 2w 2% 35% 10% 31% 9% 20 9 1% " 3 85 2%, 1% 4 31% .20 12% Allison Drug St B. Aluminum Co of Am. Alu Coof Am pf (6). Aluminum Co, Ltd. Am Arch Co (3) Am Brit & Cont. Am Br BEl 14 sl Am Caplal pf ( Am Capital (B) AmChain (3)....... Am C P&L B (b10%) Am Colortype (3.40). Am Cwith P A b10%. Am Cmwith Po war. Am Control O11 Fs Am Cyanam B (1.60)- Am Equities. Am For Power wi Am Gas & Eiec (31 Am :nvest Inc B. Am Investors ( 50% b1% 11% 09004 30 3 bt s 0309 =00, 6% Am Lt & Tract (10). 8268 293% 4 Am Light & Tractn. Am Superpow pf (6) Am Thread pf (25¢c). Am Transfor (1.40). Am U&Gen B vte 408 Am Yvette (new) wi. Amrad Corporation. . Anchor Post F b10% Anglo Chil Nitrat Ariz Globe Coppe: Ass0-K Ass0 Gi As30 G&I A deb rts.. Asso Rayon of (6).. Asso Tel Util (b7%). Atiant Fruit & Sug Atlantic Sec Corp. ce Atlas Plywood (3)... Auto Music (A) (1).. Auto Vot Ma cv pr pt Aviation Corp of Am Aviation Securiti 3 12 19 1 270 100 2% Babcock & Wil (19). 420s 135 3 4 Bania Corp...... Bellanca Alrcraft. Blaw-Knox Co (1%). Blue Ridge Corp. Blumenthal (S)... Brazil Tr & Lt (2). Brill Corp B...... Bruce(E L) %) Buff, N&RBP pf(1.60). Bulova cv pf (33).a Burco, Ine (wWar). ... Burcé®, Inccv pf (3) . Burma Corp (131€).. Butler Bros (30¢). Bwana M Kubwa. Cable Radio T vte. Cab& Wire LtdB rets. Can Marconi. Carnation Co (3 Carnegle Metals Castle (AM) & Co Cent Atlantic Sta Cent Public Service.. Cent P Sv A (aL.76).. Cen States El (340c) Cent Sta El cv pf(6). Centrifug Pipe (60c) Chain Stores Dev. .. Chain Stores Stock. . Chatham Phoe Al n-v Chem Natl As<o n-v. Ches & Uhio (new) City Mach&Tool(12. Clev El 1llum (1.60)« Clev Tractor (1.60).. Club Alum Uten. ... Com'with Edison (8) Comwith & Sou war.. Com Wat Ser (b6% ) Consolidated Afrcraf Consol Auto Merch C A M Cocum pf. Consolidated Cop} Con Gas, Balto(3 60) Con Gas Ut A12.20).. Con Gas Util,B v.t.e... Cons Instrument. . Cons Laundries. Con Nevada-Utah. Con Retail Strs (1).. Cooper Bessemer(2) Cooper Bess pf A (3) Cord Corp....... Corroon & Reynold; Cor & Rey pf A (6) Coty Soc Anon rcts Ci Petroleum Cresson Cons (3¢)... Crocker Wheeler. Crown Cent Petrol. Cuban Cane pr opt w. Curtiss Alrports vte, Curtiss Wright war. Cusi Mex Mining. Darby Pet (1) Dayton Alr & Eng. & Co (36).c00e 0 & Co new w.i.. De Forest Radi Derby Oil & Refin Detroit Alrcraft Cor, Dix Gas & Utllities Dubiller Cond&Rad. Duke Power (38) Durant Motor: East Gas & ¥ Asvo. Eastern Util Asso ev Eastern Utll Inv A.. Elec HouseUtil (2) Elec Pow As80 (1), Elec Pw Asso A (1) EIP& Lopt war...e Elec Sharehldg (21). El Sharehold of (6) . Empire Fire Ins. Empire Steel Corp. .. Europan Eiec (The! Europe El Ltd opt w. Evans Wallow Lead. Ex-Cel AIr&T (1.20). Ford Motor Can A Ford Motor Can Ford Mot of France.. Ford Mot. Ltd 37%¢. Foremost Fab (3)... Fox Theat Cl A. General Baking. Gen Baking pf (3)... Gen E Ltd rcts (50e) Gen Fi'proof (13% ). Gen Rity & ulllfllu: Gen W WEE A (2).. ). Glen Alden Coal (8).. Globe Underwriters. Gold Cotn. . Golden Center. Goldman Sac! Gold Seal E1 or Goth Knitback Mach GrA&PTov(b).. Graymur Corp. Greenfleld Tep&lies 2 _18% East Sts Pow B (1).. 133 x MR RN S D OARN NN D - o >, wea S-ane 1 % 5% 44% 5% 2 2% 22U 808 284% 254% 254% 1 42% 42% 42% 42% 1 18% 18% 18% A8% 43% 5 1814 % 28 1 6% bk % bY% 16 150% 1524 162 Guenther Law (2) 2 28% 29 % 29 Happiness Candy.... 38 Hartford El Lt(3%) 200: 2 Hasgeltine Corp (1).. (3] Hydro Elec Serv (3). Hygrade Food Prod. Ind Terr Illu Ofl (B) ind Fin ctfs (b10% ). Indus Finev pf (1).. Insull Ut be% Insurance Seo ). Intercoast Trade (1) % Intercontinent Pet n. 2% So Cal Ed pf C(1%). 4 Roan Antelope Min.. Internl Petrol n (1).. Intl Superpow (21). Intl Utilities pf (7)., Internal Util A(3%) internati Ut B...... Internatl Utl) (war), Interstate Equities, Iron Cap Copper. Irving Alr Cb (1. Itallan Superpow A Kirby Petroleum. ... Klein (H)pt pf 31.20. Lakey Foundry o Long Isl Light(60¢). Long Isld Lt pf (1).. Loutsians Lan & Ex. MacMarr Stores (1). MfgsFinCov.te.... Mapes Cons M Mare Int M(52%¢) Mar W T br shrs 62¢. Marine M1d Cp (1.30) Marine Union Inv... Marion Steam Shov.. Marshall Fleld & Co.. Mavis Bottling....« Mayflower Asso (33) Memph Nat Gas Co.. Mer Chap & 8(1.60).. Mesta Ma Co (11.70). Met Chain Stores. .. Met T Cor pt pf (13% Midland Stl P 24 of Mid Wst Utll (b8 % Mid West Ut B war. Mid Royalty ev’pl 3. ©3 NP LA RRANANND DN O o = Mountain & Gulf 8¢). 0).. Municipal Servic Pow & Lt pf (7) 100s PubSv A (1.60), 40 Nat Screen Serv (2). Nat Steel Corp xw (3 N Y Auction (1%).. N.Y. & Hond Ros 12 2 Niagara Hud P(40c) Niag Hud Pw A war. Niag Hud Pw B war. Niag Shares Md (40¢c) Niles-Bement-P 133 Nipissing (30c) Noranda Mine North Am Aviation.. No Am Aviat A war., NoAmL&P (b8%). North Cen Tex (60c) North St Pow A (8).. Novadel Agene (2) Ofistocks,Ltd A 350 Outbd Mot A (1.80).. Outbeard Motor (B Pac Coast Bis pf 3.80, Pac G&E1 18t pf 1%« Pao Western Oil..... Pandem Oll.... Param’'t Cab (b8%). Patterson Sargnt (3) Pennroad Corp...... Penna Wa & Pwr (3) Peop LAP A(22.40).. a - ~RAnun Ak ame Philip Morris (A)... d T A (1.20] Polymet Mfg (31)..¢ Potrero Sugar.....u Powdrell&Alex 13%. Pratt&Lambert (16) Prince & Whitely. .. Prince& Whitely pf! Process Corp Propper McCa Prudential Inv. Pub Utll Hold w: Railroad Shares., Radio Prod (80)..... Raytheon Manag (4) Reeves(Dan’l)(1%). Reiter-Foster (40c). :-l'nu Managemnt. T Brnsacan N5--E LT TO- U Er TPy Reynolds Met n 2.40. Rhode I P S pt (3) Richs, Inc (1.20) Rike Kumbler (3.30), Rocklans Lt&P(92¢) Roosevelt Field. Ino. St Rezis Faver (1) Safety Car H & L Salt Creek Prod (2).. Schift (The) Co (3).. Schletter & Zander. Schlet & Zan pt 3%.. Schulte Un 6c-$1 8t.. Seaboard Utilities. .. Seg Lock & H (60¢) e Seiberling Rubber. Seeman Bros (3) Selected Industri Sel ind allot Sentry Safety Cont. Seton Leather (2)... o am -4 @ CEET-E LT LT » ® S| Shenan Corp of(a3). 5 Sherwin Will (143%) .1508 Sterra Pac El pt (6). 10 Silica Gel et. %4 Singer Mfg Ltd(30e) Smith (A O) (3) South Coast. So Penn O1l (13%).. 80 Cal EA pfB(13%).. Southern Corp. Southland Roy S W Dairy Produe Stahl-Myer (1.20 Stand Cap & Seal (n) Starrett Corp. . . Starrett Corp of (3).. Stein Cosmetics Ine. Steirite Radio. - UTPTPTSTCIUTRITI -3 P T Ty 1] 80% Swift & Conew 13).., 3% 3 Swift Intern’1(3%).. Ed 7% Syrac Wash M B (1), 98 541 Tampa Electrio (33). 86% 67% Technicolor. Ine. S R 001 N0 BN, o n Con Alr Tran. . 4% Tr-Lux DL P8 (A). 11% Tri-Continental Cor. 4 Tri-Cont Corp war, ., 'Ig ‘Tri-Cont Corp pf(6). A 20 oy @R peane DR “Tri Utilities (31.30).. ‘Tung-8ol Lamp (2).. ‘Tung-Sol La'p of (3) Utd Carr Fastnr Uni Chem pt pf (3).. United Gas war. United Gas pf wi. Utd Lt & PWrA (1). Utc Lt & Pwr pf (6). United Milk Prod. .. United Profit Shar. ., Unit Sh Mch (13%)., U S & Internt] US&Int Seclst pf( | GAIN IN BANK STOCK PRICES IS REVEALED| New York City bank stocks recorded a substantial advance in prices during the month of March, and, as a result of many stocks establishing new high levels for the current year to date, the average is now at the highest levels recorded since the break of last Au- tumn. ing stocks, as compiled by Hoit, Rose & Troster, bank stock specialists, the average on March 20 was 204, a new high for the year. This compared with a low for the month of 186, recorded on March 3. Ushered in by the gigantic Chase- Equitable-Interstate merger, a large and varied assortment of merger rumors, the bank stock market was in a con- stant state of excitement during the greater part of March. The range of the leading stocks for the month, based upon the closing bid prices, follows: March 3. Mareh 31 America ...... 125 39t Bankers' Trust... Central Hanover Chase . 2 Chatham Phenix Chemical .. City .. Corn Exch table Guaranty trving Manhattan' . ] Manufacturers New York Trust . Weighted average IiVTEREST RAT}’:SA By the Assoclated Press. Collateral interest rates in principal money centers of the country stiffened a trifle last week. as compared with recent previous periods, Census Bureau aver- ages today indicated. At the same time, compared to a year ago, current rates appear most moderate. Figures which follow give the average charges or loans for the week and compa.abie periods: ‘Time money. 44 % 4% % 3% 8% 12% % Call loans. Week ending March 29 Preceding week . Same week last y The weighted index of 14 lead- | U 8 Rubl Vacuum Venezu Ten son den West M ‘Wil-Lo Winter “Y”on 4 Asso T 7 1% Ludlum 7 Rggsia tvidena ouyment o annus GRAIN MARKET Special Dispatch to The Star. CHICAGO, April 3.—The wheat mar- | ket showed considerable strength today under a rush to buy influenced by | strength in Liverpcol and continued lack of rain in the Southwest. May opened 1.11% to % July, 1.11% to 1.12; | September 1.131: to 7. After the first {half hour: May, 1.12%; May, 1.12%; September, 1.14%. Corn was higher with wheat. opened 86% to 1.; July, 88 to 35: Sep- tember, 88'¢ to 1. After the first half hour: May, 86%; July, 88'4 to % Sep- tember, 887, Oats sold higher. May opened 447 to 45; July, 44% to % September, 431%. ! After the first half hour: May, 45%; July, 443 ; September 431;. Provisions were firm with hogs. More than $30,000,000 has already been spent in constructing Canberra, the new capital of Australia. May By the As Prom Yesterday West Alr Exp (80¢).. Willlams R C (1.40). w Caf Zonite Prod (1.60)... RIGHTS Ind Ter 111 Oil...Apr 30 tes In doliars hased on st quarterly Ex-dividend tPartly extra. cath o atock b PaYeble In sietk. g ‘2% U 8 Radiator (2).... ber Reclaim. rl Utility Pw & Lt(al). Ut{]P&L B ctfs (al1). 1 Van Camp Packing. Veeder Roof (3%)... la Ptm(20¢). Vick Financial Corp. Vogt Mfg Co (3).. Waitt&Bond,B(1.20). H Bros... 1 1 0 2 1 7 0 0 Ofl (14%) 6 2 1 3 2 1 5 [ (JW) Co. H 2 1 ayne Pump. . Welch Grape Ju (12) 3 3 Copper..... ass Co (3)... eria.. 1 (Benj). . ; 1 3 1 1 Worth Inc A. - & Gas. e 3 18 Expire. +Apr 15 % % % % 3 T M Tw TH 1% 1% 1% 1% 1% 1% 1% 1% or eemi- extrs In stock. s Payadle b a5abie 't referred sioek. NEW YORK COTTON. NEW YORK, April 3 (Special).— Cotton prices continued their decline at the opening today, with most of the }sflllng coming from the South and from | professional speculators. The list was |1 to 7 points off. | 21% 20% 21% ell Utl.. Steel, Ins May19 1 ..Apr29 26 The failure of the goods market to improve was the main factor. | Opening prices were: May, 16.25, off 7: July, 16.37, off 5; October, old, 15.82, Iofl 4; October, new, 15.56, off 6; De- | cember, new, 1594, off 1; December, new, 15.70, off 3; January, old, 16.00, off 4, and January, new, 15.74, off 5. . St. Louis-San Francisco. NEW YORK, April 3 (/).—Officials of the St. Louis-San Francisco Rail- way have estimated that the gross in- come for the first quarter will be about 51, per cent below that for the corre- sponding period of 1929. STOCK AND BOND AVERAGES iated Press 's 5:30 Edition. STOCKS. 50 Industrials. Today .. Previous day. Week ag Year ago. Two years ago Three years ago, w High (1930).... Low (1930).. 20 20 Rai Otilities. 13! 266.9 272.3 261.2 2033 1401 105.7 2723 207.9 BONDS. Today .... Previous day. Week ago. Year ago Two years ago... Three years ago, weekly aver High (1930) Low (1930). (Copsright. 1930. Ma: S WEEK we be- gin our 62d year of financial service to the people of Washington. Behind us stands this record: —"Sixty-one without a Loss est or Principal to Any Investor.” 10 Industrials. 94.5 10 Utilities. ndard Statistics Co.) YEARS of un Years in Inter- tailing returns to EVERY INVESTOR —We are taking stock today of what this policy—the safeguard- ing FIRST of our clients’ interest and principal—has done . . . —1It has built for hundreds of investors who started with a modest $100 First Mortgage Note, a steadily growing, unshaka- ble fund to fall back on in time of stress . . . —1It has given every client a safe, worry-free income of 6 per cent per annum, an income which he always receives exactly on the day it is due—regardless of the ups and downs of speculative stocks in Wall Street ... —1It has been the firm foundation on which many men have built successfully their plan for future independence of earned salary. . . . Today these men are letting their savings, invested in the 6% First Mortgage Notes we offer, work and earn for them. With this record of achievement, we start our 62nd year. SWARTZELL, RHEEM & HENSEY CoO. MORTGAGE BANKERS 727 15 STREET N.W./ WASHINGTON D.C. . old, 28a30; Spring brollers, 40a42; Win- ter chickens, 32a35; Leghorns, 33a34 fowls, 28a30; capons, 32a35; ducks, 15a 16; keats, 60a65. Dressed—Turke young, 35a38; old, 32a35; Spring bm}i'ls: ers, 46a48; Winter chickens, 37a38; Leghorns, 37a38; fowls, 32; capons, 35a ‘ol:udutskfi.f flfiilizi;nreats, 80a90. eats, fres] led—Beef, 20a23; vi 25a28; lamb, 22; pork loins, mm‘zn3 f r‘r::;-. hams, 26: fresh shoulders, 22; smoked E:cr?:i; 22: l:n‘l,ok’ed sh(l:(ulders, 20a22; . 28; lard, in pa , 12343 hullk“, i packages, 121%; in ve stock—Calves, 8a13; la 13; Spring lambs, 20, S o Workers on coffee plantations of lombia are receiving only 70 to 80 cgi(’: a _day this season. f——%—\ First Mortgage Loans Lowest Rate of Interest Long or Short Term Construction Loans Glover & Flather 1508 H St. N.W. National 1755 R!PQRTO%?THE The Prudential Bank of Washington In the District of Col 1 Business on March 2. Josp, °t 1he close ot 1200312 71 167.68 . Other bonds. stocks and secur- ties owned & . Banking $58.151 69 Turniture fxture 162 03 { iaa 186,608.75 and 9. Cash'and due from banks . Outside checks and oth o irems . Other assets . Total .. 813 511, 487 3.615.69 sk swhand 511,417.69 LIABILITIES, 5. Capital stock paid in... . Surpl +..4100 00000 | Tndt 5 us R 20.405 00 ivided profits—net 5,199.77 . Reserves for interest. taxes and other expenses accrued and T e . 31204 . Due to oanks, incliding ‘certi- fied and cashiers’ checks out- standing Haisia, g Demand deposiis (Il 168, e deposits 110 2060 . Bills pavable and rediscounts.. 10, . Other liabilities 975.00 Tolatie. oo 51141769 District of Columbia, County of Washington, I EDWARD A BAKER. cashier of the | above-named bank. do solemnly swear that the above statement is true to the best of my knowledre and belief ! EDWARD A. BAKER. Cashier. Subscribed ‘and sworn to before me this 315t day of March, 1930 (Seal) VICTOR R. DALY, otary Public. My commission expires Jan. 9, 1930, | Correct—Attest John R. Hawkins, Allan P. Jackson, rice. L. Melindez King, | erford. James A_ Cobb. Garnet C. Wilkinson, Addison N. Scurlock, Talley R. Holmes, ~ Joseph H. Greene. Directors 11 79 35 Underwriters « Distributors INVESTMENT SECURITIES Wasuincron Orrics 937 t5th Street N. W, Telephone, National 1053 Barrivons Guaranteeing The Trade Mark Satisfaction 1886—1930 44 Years of Constant Progress STOCKETTALK NO. 7 . This is our Story and we're Going to Stick to it! THIS IS OUR STORY: Question—Why does this busi- _ ness grow so rap- idly? Answer—Our Modern Factory our Office Equip- ment Store — our Trained Sales Force our to give our customers an office equipment service unequaled by our competitors. . SHINGTON-DC We Want Your Business!