Evening Star Newspaper, April 7, 1930, Page 13

FINANCIAL. TRADING IS AGTIVE ON D. C. EXCHANGE Lanston, Pepco Preferred and Mergenthaler Leaders in Today’s Session. BY EDWARD C. STONE. The Washington Stock Exchange started off the week today with an ex- cellent volume of trading. Potomac Electric Power 6 per cent preferred figured in seven transactions totaling 56 shares, at 113, while the corporation’s 5!, per cent stock changed hands at 10814. Lanston Monotype stock, which has been becoming more and more active in recent sessions. recorded a 50-share turnover today, all sales being made at 116'2. The annual meeting is not far off and the anticipation of another fine earnings report may be the cause of this_stock. appearing on the board so much more frequently. Mergenthaler Linotype also held its glm:e in the sun, 40 shares changing ands at 107%5. Capital Traction opened the week at 8 It closed the session at_793;, on a very small turnover. Federal-American National ~ Bank stock sold at 292 and an odd lot of Continental Trust Co. changed hands at 127. Federal-American Co. common moved at 32, and 20 shares of Mer- chants Transfer & Storage preferred sold at 100. The Carpel Corporation witnessed a 50-share sale at 2615, Bond trading was confined to Capital Traction, Potomac Electric Power and ‘Washington Gas Light issues at recent New Brokerage House Opens, Stein Brothers & Boyce opened for business today in their new street floor quarters In the recently completed an- nex to the Woodward Building, Fif- teenth and H streets. The new offices are on the H street side, the location being that occupied for many years by John L. Edwards & Co. The old build- ing was torn down to make way for the fine new addition erected in its place. Stein Brothers & Boyce have a mod- ern office in every way, plenty of room, fine light for the board, a special room for women customers, and ample desk space for the officers handling the in- vestment part of the business. While the offices were opened to the public today, there are further finishing touches to be made in the next few days. The firm greeted many customers to= day in the new quarters and received hearty congratulations. This veteran brokerage house has its main office in Baltimore where it opened for busi- ness in 1853. Mellon Plans Spring Financing. Secretary of the Treasury Mellon has asked for bids on Treasury bills to the amount of $50.000,000 or thereabouts, to be opened April 11, for the regular Spring financing of the Government. This is the third issue of a new form of offering, recently authorized by Congress, and will take the place of the financing formerly accomplished through Treasury certificates of in- debtedness. The bills are sold to the highest bidder and redeemed at par instead of being sold at par and re- deemed at par plus interest. Bankers Back From Ashville. The local bankers who went to Ash- ville, N. C., over the week end to make final arrangements for the coming an- nual convention of the District Bankers' Association, got back this morning. They worked out many de- tails in connection with the conclave and report everything in readiness for a splendid convention. Those in the party were George O. Vass, general chairman; W. W. Spaid, entertainment chairman; Robert S. Stunz, chairman of the sports committee, and Luther E. Schreiner, chairman of the hotel committee. The committee members are brim full of enthusiasm. The hotel offers every comfort, the surroundings are charm- ing, while the golf facilities could hardly be improved upon. The Grove Park Inn management has arranged for the bankers to have the use of the Biltmore Forest Country Club and the Ashville Country Club, both fine 18-hole courses. Suter Joins Brokerage Staff. George R. Suter, for several years manager of the Connecticut - avenue branch of the Franklin National Bank, has joined the brokerage staff of West- heimer & Co., in the Woodward Build- ing. Mr. Suter started his banking career in the old Northwest Savings Bank which was at that time controlled by Francis M. Savage, but taken over several years ago by the Riggs National. He is a native of this city. C. & 0. Earnings Show Increase. ‘The Chesapeake & Ohio Railway Co. has issued its pamphlet report for year ended December 31, 1929. General balance sheet as of December 31, last, shows total assets of $603,125,301, com- pared with $569,453,655 at end of 1928, and profit and loss surplus $115,110,742, against $97,603,051. Current assets were $30,419,586 and current liabilities $18,033,489 as compared with $31,045,- 021 and $15,580,143, respectively, on December 31, 1928. Income account for year ended December 31, 1929, shows net income of $32,069,272 after taxes, charges and sinking fund appropriations, the same as shown in preliminary statement. This is equivalent after 6': per cent preferred dividends, to $21.60 a share on 1482855 shares of common stock, and compares with net income of $28,798,102 or $24.33 a share on 1,180,- 940 shares of common stock in previous year. Financial District Brevities. President Willlam D. Hoover of the National Savings & Trust Co. was & week-end visitor at Old Point Com- fort, Va., stopping at the Chamberlin- Vanderbilt. Vice President E. J. McQuade of the Liberty National Bank was a week-end visitor to Old Point Comfort and Rich- mond. President George L. Starkey of the National Bank of Washington took a week-end trip down the Potomac to Old Point Comfort. Charles B. Lyddane, vice president of the Federal-American National Bank, is on a short vacation at Pinehurst, N. C. S. S. Kresge Co. March sales $11,- 259,914, against $12,567,017 in March, 1929; for three months, $30,555,545, against $31,360,268. 1. C. C. examiners recommend rejec- tion of L. F. Loree plan to build 344- mile line across Pennsylvania to form New York-Chicago trunk line. Exports of automotive products dur- ing February were valued at $32,784,- 139, increase of $1,617,465, or 5.2 per cent, over January, Department of Commerce reports. March Building Contracts. Bullding contracts in March esti- mated at 45 per cent increase over February and 5 per cent decline under 1929 month; total 1930 construction projects estimated at $11,000,000,000, imcrease of $1,000,000,000 over previous Department of Commerce_estimates. ‘The Maryland Light & Power Co., a subsidiary of Empire Public Service Corporation, plans issuance of $1,000,-; 000 first 5% per cent bonds, series A, to acquire electric systems in Mary- land. The financing will be handled H. C. Yeager & Co., Inc.; Hale, Waters & Co.; Coffin & Burr, Inc, and Robert Garrett & Sons. . Pennsy Stockholders Gain. NEW YORK, April 7 (#).--Stockhold- ers of the Pennsylvania Railroad on April 1, totaled 206,312, & new high rec- ord, and an increase of 1,049 during the month of March. THE EVENING STAR, WASHINGTON, D, NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. Notice—All stocks are sold In one-h undred excepting those designated by the letter s llm o which shows those stocks to be sold in odd Sales of Each Stock Compiled to 12:30 P.M. ~Prov. 1930.— High. Low. 854 22 854, 574 3% Adams Kxpr (1. 32 Adams Millis (2) Advance Rumley. .. Advance Rumley pf. Stock and Abitibi Power & Pap. Abitibi P & P pf 84 50% "'.'nn 23 Allegheny Corp..... 99% Alleg Cp pf ww(5%) 95% Alleg Corp pf (5%).. 255% Allled Ch & Dye(n§). 49% Allis-Chalmers (3).. 28% Alpha Port Cemt (3), 18 ~ Amerada Corp (2)... 6% Am Agricul Chem... 26 Am Argicul Ch pf... 77 Am Bank Note (13). 7 Am Beet Sugar. - P EnnrlanelreBory ot to.. 46% Am Brake Shoe(2.40) 8% Am Brown Bov Elec. 117% Am Can (4)... 140% Am Can pf (7) Am Car & F pf (1) 75% Am Chain pf (7)..... 36% Am Chicle Co (13%). 19% Am Com Alco(n1.60) 35 Am European Sec... 82% Am & For Power. .., 107 Am&Forn Pwr pf(7). 95 Am&Forn Pwr 2d pf. 19% Am Hawalian S 8 (3) 4% Am Hide & Leatne: pL. we et 27% Am Hide & Lea . 55% Am Home Prod(4.20) 35% Am 1ceCo (14)eeruar 35% Am International (2) 2 Am La F & Foamit 80 Am Locomotive Am Mach & Fdy (7). Am Metal (3). Am Nat Gas pf % Am PI&00.....oeree 77 Am Power & Lt (31). 5 AmP&LDLA(3%) 80 AmP&LptAst(b). 30% Am Ra&Std 8an 1%.. 20% Am Republics....... £0}s Am Rolling Mill (3). 59 Am Safety Razor (§) 17% Am Seating (3)eeeems 1% Am Snip & Com, . 697 Am Sm & Ref (4)...) 1334 Am Sm & Ref pf (7). 4l's Am Snuff Co (13%).. 15 Am Solvents Chem. . Am Sugar RIg pf(7). 15% Am Sumatra Tob. ... 216 Am Tel & Tel (9). 197 Am Tobacco (8) 197 Am Tobacco (B) (8). 120 Am Tobacco pf (6).. +814 Am Water Wks (n1), 99% Am Water W 1st(6). 7% Am Woolen. .. 19% Am Woolen pf. - ' Am Writ'g Pa pt (4), #l3 Am Zinc Ld & Sm. .. €9% Anaconda Copr (1).. 35 Anchor Cap (2.40).., 30% Andes Copper (3).... 221 Archer-Dan-M (2).w 5% Armour Il (A).eeen 2% Armour 111 (B). 6% Arnold Constabl 6% Asso Appl Ind (4) Asso Dry G (2%)... Ass0o DG 15t pf(6).. 85 Asso DG 2d pf (T).u; 219% Atch T &S Fe (10). ., 166 Atl Coast Line (110). 63% At G & W Indies. ... 59 At Gulf & W 1 p£(6). 56% Atl Refining (12). 811 Atlas Pow 31% Atlas Stor 175! Auburn Auto (J4) 3% Austin Nichol 4% Autosales. B 57 Auto-StSaf RA (3). 4% Aviation Corp Del... 0% Baldwin,Loco (1.76). 111 Baldwin Loco pf (7) 200s 115 Baltimore & Ohio (1) 18 63 Bang & Aroos (3%).. 2 110 Bang & Aroos pf (7). 20s 73% Barker Bros pi(6%) 10s 20% barnsdall, A (2) 13 HBeacon Oll... 5 $2% Bendix Aviation (2). 133 6 92 Borden Co (k3). Borg Warner (4). 21% Briggs&Stratton (. 1% British Empire St 44 British £m Sul 2d pt. 13 Brockway M T...... 63 Bklyn-Manhat (4).., 10 Brooklyn & Queens. . % Bklyn-Man Tr pf (6) 13 Bklyn Union Gas (5) 13% Brune-Balk-Col....e 144 Bruns Ter & Ry S... 221x Bucyrus Erle (1).... 83'% Bucyruscv pf (3%). 9% Budd (2 G) Co.uvrs 8% Buda Wheel (1)..eee 77 Buft & Susque ctfs.., 29% Bullard Co (1.60). .., 64 Bulova Watch (3) Burns Bros B.....e. 43% Burr Add Mach (1).. E Bush Terrani (2%).. 3 Butte Copper & Zine. 3ls Butte & Superior. ... 16% Butterick Co...rs »0% Byers (A M) 66 Calif PACKIDG (4). 40 1 Callahan Zine & L. T4% Calumet & Ariz (6, 26% CalumetdHecias). 19 Campbell Wyant (2) 63% Canada Dry G A (6).. 18_7’% Canadlan Pac (10). 2 » e %% Cavanagh-Dobl 354 Celotex (3). 71 Celotex pf (7. 23% Ceat Agulrre 31 Cent Alloy cufs (2). @ - 84 Chicago& N W (6).. 22% Chi Poeu Tool....... 51% Chi Pneu T pf (3%). 114 ChiR 1 & Pacl).,., 574 Childs Co (2.40). . 434 Chrysler Corp (3) T City Stores (600). _ 33 Clark kiquipment (3) 30 Cluett Peabody (6).. 133% Coca-Cola . 60 Colg: - ESsnocnnfacnmaanestanSelionranveanElvanroeunnlnnn & 104% Col Gas & El pf A (8] 24% Columb Graphb (87¢) 1500 168% Columbian Carb (16) %9 238% Com Credit (2). 23 31% Comm Credit A 76% Com Cra st pf (63%4) 36 Coml Inv Tr (g1.60). 11 Com Inv Trst war... 2 85 Com'linvevpfiag)., 2 99 Com Inv Tr pf (7)...1008 27% Comm Solvents (31). 176 12% Comwith&Sou(80c). 749 © 208 2 3 25 743 131% 2102 2 61 96% Consol Gas N ¥ (4). 99% Consol Gas NY pf(5) 49 Consol RR Cub pt16) 2 1 Consol Textile...... 22K 12 Container Cor A 1.30 8% ser Corp B. Bg‘i Sales— Dividend Rate. Add 00 High. Low. 10 39 36 (283s), | e lots | ~Prev. 1030. share g 4% Stock ¥5 Conul Baking pt (8). 59 Contl Insur (3.40). ., 5% Continental Motors.. Crucible Steel (k5).. Cuba Cane Products. Cuba Cane 8 Cuba Cane Sugar pf.. 9 Cuba Co. el % Cuban-Amer Sugar., Curtis Pub Co(16%). Curtis Publish pf(7), Curtiss Wright Corp. Curt Wright Corp A.. Cutler-Hammr(3%). Davison Chem... De Estn Roll Mill(ht3 Eastman Kodax ( Eaton Axle & 8 (3. Eitingon pf (6%) Elec Auto Lite (6)... Electric Boat. . El Pwr& Lt (1). ) 8) and Sales— w. Dividend Rate. ~ Add 00 High. 1 46 34 2 ElPwr& Ltpf (7). Elec Storage Bat (5). Eng Pub Serv (11).. Eng Pub Sve pf (5).. Eng Pub Svo pt (5%) Eng Pub S ctfs (31).. i Equitable Bldg (2%) ErMfe RR.....ooveear Eureka Cac Cl (4). Evans Auto LAz 2%. Fairbanks Co......v Fairbanks Co pf..... Fairbanks Morse (3), Fash Park Asso..... Fed Lt & Tro ($1%). Fed Mining & Smit. .. i Fed Motor Tr (800) - Fed Wat 8, A (e2.40), Federated Dept Strs. Fid Pho Fire 1(3.60). Firestone T&R(1.60) Firestone T&R pf(6) First Nat Strs (3%). Fisk Rubber.... Follansbee Bros (3 Foster Wheeler (3) Fost Wheeler pt (7).~ Foundation Co. . FourthNatl Inv. Fox Film A (§4) Freeport, Texas (t Gabriel Snudb A. ..o Gamewell Co (5).. Gardner Motor. Gen Amer luve: . Gen Am Inv pt (6)... Gen Am Tnk Car(34) » Gen Asphalt (4). 2 4 Gen Cable pf (7) Gen Electric (1.60).. Gen Elec spec (80¢).. Gen'l Food Corpn (3) % Gen Gas&El A (new) Gen Ital Ed wi. a2.61 Genera! Mills (3). Gen Mills pf (6)....0 Gen Motors (+3.30).. Gen Motors of (T)... Gen Out Adv (2).. Gen Printg Ink(2%4). Gen Pub Sve (b6). Gen Ry Signal (8)... Gen Refrac (t4%) Gen Theat Equip v Gillette Saf Raz(n6). Gimbel Brothers Glidden Co (h2). Gobel tAdolf). Gold Dust (2% Gold Dust pf (¢ Goodrich B F (. Goodyear Tire (5)..3 ¢ Gotham Silk H (2%) Gould Couple Graham-Paig Grand Silver Strs (1) Grand Unfon. . . Grand Union pf (3).: Granite City Stl (4) GtNctfsOP (a3%) Grt West Sug (3.80) Grisby Grunow. . Guantanamo Suga Gulf Mo & North Gulf Sta Steel (¢ Hahn Dept Store: Hall(WF) Printg(3) Hartman A (3)...... Hartman Corp B 1.30 Hayes Body... N Hercules Motor 1.80. Hershey Choe ().... Hershey Choo pf(15) Hocking Val (10). Lioe (R) & C Holland Fur Hollan ESe Homestake Min(17). Houdaille Her B (3). H'hold Fin pf (13%). Houston Ol......cn Howe Sound (14%).. Hud&Man Ry (3.50, Hudson Motor (6)... Hupp Motor Car (2). Illinots Central (7)., Independ O11 & G (3) Interboro Rap Trun.. Intercontinental Rub interlake Iron (1)... intl Bus Mach (06) e Intl Carriers. . Intl Cement (4). 1nt Combustion. Inter Comb Eng pf. Intl Harvester (33%) Int Hydro E1 A (e3). Intl Match pf (6)..e0 Intl Mer Marine (1). Int Nickel of Can (1) Intl Pap & P A(2.40). intl Pap & Pwr B.... intl Pap & PwrC.... Int Pap & Pwr pt (7) Intl Printing Ink (3) Intl RysCnt Aect.... Int Tel & Teleg inter Dept St (3). ! ‘type Corp (2).. Investors Equity(3). island Creek Coal(4) Jowel Tea (4).. Johns-Manville (3). Jordan Motor Car... Kan City Sou (8). Kan City Sou pf (4). Karstadt (R) (1.03). Kautmann)D 8 (1%4) Kayser Jullus (4)... Keith-Albee-O pt (7) Kelly-Spring Tire... Kelsey Hayes (3)... Kelvinator Corp. . Kendall Co pf (6)... Kennecott (6).. D D120 1009 000 & 0019 60 b 1N 0 4 2 83 20 " o @ 3 - > AW OE K RN RGE MHATAN - 1 Kimberly-Clank(13). Kolster Radlo. . Kraft PhCh (1%)... Kraft Ph Ch pt (634) Kresge(SS)Co(1.60) Kress (SH) (1)....0n Kreuger&Toll (1.34). Kroger Gr&Bak(nl). Leh Port Cem (2%). Lehigh Valley Coal. Leh Val Coal of (3). Lehmen Corporation Lehn & Fink (3).. Libbey Owens (1) Ligget: & Myers( Ligett&Myrs B(15) . Liggett & My pf (). 27 27 108% 108% 109 109% 110! 141% 141% 142 (Continued on Page 14.), land STOCKS IRREGULAR IN HEAVY TRADING Drop in Call Money to 3 1-2 The Gener: m ©, MONDAY, "APRIL 7, 1930. - Bid for Telephone Monopoly. VIENNA, Austria, April7 (Special).— al Motors tion has ade a bid for the Rumat telephone monopoly, according to newspaper, group offering to finance with the Morj s ILVER QUOTATIONS. NEW YORK, April 7 (#)—Bar silver, 43%. . Per Cent Aids Bullish Sentiment. BY STANLEY W. PRENOSIL, Associated Press Financial Writer, NEW YORK, April 7.—Frequent shifts of speculative sentiment charac- terized today's stock market, with a sharp upward tendency developing in the afternoon on the lowering of the call money rate from 4 to 3!5 per cent. Bear traders made repeated efforts to unsettle the general list by hammering some of the public utilities, steels and specialties, but they made little head- way, as new leaders were lm’nrllll;’ brought forward in other sections o the list to revive bullish enthusiasm. Trading was in fairly heavy volume, averaging more than a million shares an hour in the early trading. Several blocks of 5,000 to 40,000 shares changed hands during the session. Except_for the apparent settlement of " the Fox Film controversy through the sale of the Willlam Fox holdings of voting stock, there was little news over the week end to influence market sentiment; while business news con- tinues spotty, many observers were in- clined to the opinion that powerful financial interests were committed to the side of higher stock prices in order to facilitate the many merger deals now pending, and to help improve busi- ness sentiment. Although several con- servative houses have urged profit tak- ing in trading lines and caution in the making of new commitments, none of them openly advocates short selling at this juncture. Fox Film jumped 9% points on the first sale, but lost nearly half its glln in the heavy profit-taking which followed. New high records for the year were established by more than 50 stocks, the list including such outstandin; lers as American Telephone, General Motors. U. B. Steel common, International s{ilr:-e.skr and Standard Oil of New orl Steel Production. NEW YORK, April 7 (#).—Steel pro- duction in the Chicago district this week is expected to be maintained at between 90 to 95 per cent of rated ca- pacity. Maryland Light & Power Co. NEW YORK, April 7 (#).—The Mary- Light & Power Co., a subsidiary of the Empire Public Service Corporation, will soon issue $1,000,000 of first mort- gage 5% per cent gold bonds, series “A," to finance the acquisition of several electric systems furnishing light and power to more than 60 communities in the State. Wm. Gordor'n Buchanan Councilor & Buchanan Certifi o Accountants Tower Building National 6110.6111-6213 (Telephone Directory Omission) e Spring Is in the Air ... when the trees begin to bud Winter wardrobes should take warning that their time has gone . .. as Springtime has come . . . . .. you'd better look over some of these new Rogers Peet Suits and Topcoats that are so smartly styled for Spring ... and sure, we have all the necessary fur- nishings, too . .. Rogers Peet Suits $45 to $75 Scotch Mist* Topcoats $60 and $65 *Reg. U. §. Pat. Off. Meger’s Shop 1331 F Street T Y SN A Loan Plan— —endorsed by thousands of people throughout the United States. The Metropolitan Life Insurance Company through its loan corre- spondents has loaned millions of of Columbia or nea the loan plan so cepted. 809 15th St. N.W. of Columbia provals, valuable H. L. Rust ESTABLISR 1001 Fifteenth Street dollars on real estate. If you are seeking a loan on your home, whether it be in the District rby Maryland or Virginia, you should first consider universally ac- CONSULT WEAYEBJEO REALTORS District 9486 Mortgage Loan Correspopdent Metropolitan Life Insurance Company FINANCING 'AT LOW COST First Mortgage Funds (Three Years or Longer) Loans on residence and busi- ness properties in the District and nearby Maryland suburbs . .. Ample funds, lower interest, prompt ap- prepayment privileges. Three-year loans on newer properties without amortization 3% Company m._:::m.l 8100 Loan Correspondent for **The Pradential” Real Estate Loans Made FINANCIAL. o o | camer i ) Meney to Loan Secured by first estate. Erevaliing Interest, and” commislon, Joseph I Weller {3, %¥*s &, 4 Trust PERIODIC STATEMENTS Of a bank’s condition enable its public to gauge the Institution’s progress and to pass judgment upon its strength and the soundness of its policies. The Union Trust Company of the District of Columbia takes satisfaction in presenti; this report as follows: RT OF CONDITION UNION TRUST COMPANY Of Washington, in the District of Columbisa, at the close of business on 1. Loans and discounts ... 2. Overdrafts 3. United States Government securities owned . :. gth?mbon}tlu, !wc'kiufir;d. oa;il;rl(?lu owned .. . Banking house, $1,708,803.25; d s n:ll“va'fl::‘ epreoas urniture lnd.flxture:. . Real esf owned other than banki; . . 9. Cash and due from banks .‘:‘B o . 10. Qutside checks and other cash items . . 14, Other 858et8 scocovrrvveaconnnanens Tota] 15. Capital stock paid in lus 16. S 17. Undivided profits—net .. 18. Reserves for dividends, contingencies, etc. . . 19. Reserves for interest, taxes and other expenses accrued and unpaid ......oceeeieiiiiinniiii.an 21. Due to h.;uk{" including certified and treasurer's checks g . outstan . 22, Demand depcsits 23. Time de) posits . 31 Other liabilities Total . District of Columbia, ss. I, EDSON March 27, 1930, + $5,475,700.03 . 2,469.67 94,422.50 2,805,319.59 1,876,130.88 28,914.58 1,435,682.11 11,802.72 . 3,049.36 tetiesesseeseeesss . $11,823,401.44 LIABILITIES. . $2,000,000.00 . 500,000.00 727,520.18 40,000.00 26,215.39 142,288.13 5,883,832.98 . 2,450,134.76 sessessnssisiiaeienanaene...$11,823,491.44 B. OLDS, vice president and treasurer of the above- named bank, do solemnly swear that the above stateme: the best of fy knowledge and belet, R B. OLDS, Vice President and Treasurer. N Subscribed and sworn to before me this 2nd day of April, 1930. (Seal.) Correct—Attest: EDWARD J. STELLWAGEN, EDWARD L. HILLYER, J. DUTTON WAINWRIGHT, Notary Public. GEORGE E. HAMILTON, ORD PRESTON, D. J. KAUFMAN, A. L. BALDWIN, H. C. NEWCOMER, DANIEL W. O'DONOGHUE, Directors. Consult Us Regarding Your Maturing Mortgage. LONG-TERM REAL ESTATE LOANS Homes, WE MAKE FIRST MORTGAGES ON Apartments and Business Properties in the District of Columbia and Nearby Maryland and Virginia RANDALL H. HAGNER & COMPANY, IN 1321 Connecticut Avenue ,, Organized 1879 JOHN JOY EDSON, President seeeeee..$5,723,083.61 Decatur 3600 Mortgage Loan Correspondent New York Life Insurance Company == -operative Bldg. Ass'n 50th YEAR COMPLETED WALTER S. PRATT, Jr., Secretary Surplus & Profits......$1,755911.57 Subscription for the 98th Issue of Stock Being Received _ullly, 2 Systematic Saving Accomplishes Most —If you adopt a set plan for sav- ing and stick to it you will find much will be accomplished in a financial way. Join the Equitable 915 F St. N.W. = National Metropolitan Bank 15th St., Opposite U. S. Treasury 1814—Oldest National Bank in the District of Columbia—1930 ARE YOU AWARE —of the fact that this veteran bank is pre- pared to serve your interests, after you're gone as well as now? fOUR TRUST Dept. acts as Executor, Trustee, Administra- tor and in all other fiduciary capacities. 3% on Savings E Ouer -a Third of a Century Without a Loss B National 2100 THERE . F. SAUL CO. I R'STT MORTGAGES YOUR JUDGMENT WILL INDORSE first mortgages as a highly de- sirable investment. When you weigh the lack of risk and reckon the liberal interest of our 649 FIRST MORTGAGES you will be convinced they offer one of the most secure, and at the same time most profitable investments. You can’t lose; the return doesn’t vary and you do not have to worry about reinvestment over a period of years. May be purchased in amounts from $250 up. 925 15th St. NW. IS NO SUBSTITUTE FOR SAFETY