Evening Star Newspaper, April 12, 1930, Page 23

FINANCIAL, Established 1899 INVEST YOUR FUNDS IN First Deed of Trust Notes Bearing 61,9, Interest In Denominations of $250.00, $500.00 and $1.000.00 Constt. WELCH reotto Loan Speciatist i National Saving: 15th & N. Y. A N MONEY TO LOAN ON IMPROVED Established 1899 DISTRICT OF COLUMBIA MONEY TO LOAN REAL ESTATE At 5%% and 6% Interest Commsrn FORE PLACING OR RENEW! NO COMMISSIONS OR RENEWALS FINANCIAL. THE EVENING STAR., WASHINGTON, D. €., SATURDAY, APRIL' 12, 1930. o i « Recelved by ‘Private Wire Direct to The Star Office. . \nNEW YORK, April 12—The tfotlow- | | ¥ 5 s & summary ol portant cor- sada i 2 i WIN RE NITI N Notice—All stocks ‘are sold In one-hundred share lots | —Prev. 1930.— Stock and + Sales— . ptgluon news pr{pll‘zd by Standard Money to Loan excepting those designated by the letter s (65s) (283s), l-m‘n. Low. P Divid>nd Rate. Add 00. High. . Statistics Co., Inc., New York, for the | Secured by first deed of trust on real estate | which shows those stocks to be sold in odd lots only. 21 ; cu: gn- Sugar pt. J 2% Associated Press. revailing interest and commisal d . 1930, ‘Stock and Prev. . . 420 Wash. % Dividend Rate. Adc oD, Hieh. Low. Close. Close. | 9 $% Cuban-Amer Suzar.. 7, % g News Trend. ]li”fphl Weller §L1145 4 Wt 1=, uj “ee H Two Members of Local Fra- ke AR e e T Gurtins Wrigh: Gorp iz | Steel Closes Higher—Some| , e veckly mercanile tevato pre'| Wm. Gordon Buchanan Xk B Curt Wright Corp A. 17% s vious gains in business during the past 3 ternity Honored at Rich- pr Cushmai'e vt (2) 12071~ |ssues Advance Despite | fortnight. The trena of buying stil e L . ; AsRmmM o 3 ! g S RO T S plainly shows that caution is the rule. Councilor & Buchanan seel 1 L R Abumei e 3 i g| Heavy Offerings. |aiiioeenss somseh Sr e || comot, b fmreons :l'; l#:;mmu?ng)* B 2 3 }g; L am-chn;u are hc‘ilpcb{lul z‘l‘:’m the .?mfi. National 6110-6111-6213 . [V a eventually BY EDWARD C. STONE. Afax Rubber.. 45 BY GEORGE T. HUGHES. :n;:l;n?u“ ? larger :cs;o&s‘ei The check o st il i Washington bankers today expressed Allegheny Corp. ...\ i Detrolt al 3 1 | Special Dispateh to The Star. e evidence. of steadiness. 1 this Te- | keen satisfaction over the annual meet- Alleg Corppf (5%). Diamond Match :: . NEW YORK, April 12.—Reactionary, :‘;:cf "E&“”finfiéuiifig“e‘é’“ifia’& “v‘a?}yfxfg' ing of the Stockholders' Association of Alleg Cp bt (5% )xw. Domioion Strs (1.20) but not weak, today's short session in gotivity in some lines. | the Federal Reserve Bank of Richmond, Alifance Realty t3% . Drug Corpn (4). the stock market illustrated at once the | *°Gor¥ B SOME (NEE L ictanding in- ey, Allied Ch & Lye(ns) Dunhill Inter (3 bearishness that prevailed in profes- | toregt were the announcements that a was held in_the Virginia capital yesterday. Two lo- cal bankers were given special hon- ors at the meeting. Discussion of the growth of group, branch and chain banking and elec tion of officers fea. tured the gather- ing attended by 175 bankers from five States. The bankers stressed the rapid development of banking in the past H. H. McKee. few vears and commented on the large | number of failures of small banking | institutions. Speakers also touched on ! the Nation-wide tendency toward mer- gers of small competing banks into | strong institutions, Another matter of interest was a | discussion of bills pending in Con- gress having in view a larger disfri- bution or Reserve Bank earnings among the member banks. Gov. Seay Reviews Business. | Gov. George J. Seay discussed the | past year's operations of the Federal | Reserve Bank of Richmond and made ( interesting comments on business con- | ditions in the fifth district, which serves Am Agricul Chem.., Am Bank Note (13). Am Brake Shoe(2.40) Am BrS&F pt (1 Am Brown Bov Kleo. Am Can (4). Am Car & Fay (6) Am Chain Co (3). Am Com Aicotnt. 60) Am Encaustic (2) Am European Seo, Am & For Power. Am&Forn Pwr pf| Am&Korn Pwr 2d pt. Am Hawalan S 8 (2) Am Hide & Leather. Am Hide & Lea pf. .o Am International (2) Am La F & Foam) Am Locomotive (8)., Am Loco pf (7). Am Metal (3). Am Nat Gas pf (7).. Am Fano. M aoE " PISTNCRG-1-S P TP At Power & Lt (31) Am Pow & Lt Dt (6). Am P &L DA (3%) Am P&L pL A st (b), Am Rolling Mill (2) Am Seaung (2). Am Smp & Com. 4 112% 176% 27% 81 4% 49% 106 17% 9% 9413 55 Du Pont de N ¢14.7 Eastman Kodak (18) Eaton Axle & 8 (i Elec Auto Lite (6) Electric Boat. El Pwr & Lt (1).. El Pwr & Lt of (1).. Emp Capwell (2)... 100s kng Pub Serv (31).. Eng Pub Sve pt (5%) Eng Pub S cufs (31).. Equitable Bldg (2%) krie R ErfeRR 4 Evans Auto Ldg 3%. Fairbanks Co pt. i Falrbanks Morse (3). Fed Motor Tr (800).. Fed Wat 8, A (e2.40). Federated Dept Strs. Firestone T&R(1.60) Firestone T&R pf(6) First Nat Strs (2% ) Fisk Rubber Fisk Rubber 18t pt. . Fisk Kub 1st pf v, Florsheim Shoe pf 6. Follansbe ros (3). Foster Wheeler (2).. Foundation Co. wee FourthNatl I Fox Film A (§4).... Freeport, Texas (16) Gabriel Snub A. Gamewell Co (6). Gardner Motor. sional circles and the good demand for stocks at concessions. The market opened lower and there were persistent offerings thereafter, but as a rule losses were not large and there were a number of advance: ‘The only fresh ammunitien that op- erators for the decline had overnight was the copper statistics. The week end trade reviews were encouraging and otherwise there was no change in the business situation. The increase in stocks of refined copper on April 1 over March 1 was 22897 tons, and the guesses of the increase had ranged from 20,000 to 25,000 tons. Production of copper in the United States in March was 61,091 tons against 59,196 in Feb- ruary. ’ Besides the foregoing data, the bears stressed the weakness in copper in the London market. Declines on the Lon- don Metal Exchange for several days now have been little short of drastic. The market rallied at the end under the leadership of some of the utilities. International Telephone & Telograph was taken in large blocks at the best of the recovery, American & Foreign Power turned upward and American Water Works made a new high. Pacific Gas & Electric did better at this stage also. ' ‘The late rally included United States Steel, which, above 194, was up on the day. Anaconda Copper benefited by short covering to a slight degres. The | BI YOUR *IR PCON majority of stockholders of Youngstown Sheet and Tube had ratified merger of C"““"ion’f“ligfil Be-ltor that company with Bethlehem Steel 15th. Y. Ave, N.W. Corporation, and that contest for con- (National Savings & Trust Co. Blag.) trol of National Air Transport was won National 4346 by the incumbent Curtis-Wright-Keys | Sem—— — — group. Favorable dividend declarations were made by Charis Corporation and i e I | First Mortgage Loans of the country during the week ended compared with a year ago of any week thus far in 1930, Total was $10,879,- 215000, or 6 per cent less than thote - in the e week o 3 n New Yorl 1 ity the cloarings amounted to s7a04. | First Mortgage Loans 000,000, a decline of 49 per cent below A e Alexandria, Virginta a year ago, while for 22 outside cities, total was $3,245,275,000, or 8.7 per cent 'l Commonwealth [Investment The Companies. i Co., Inc. below last year. Alabama Great Southern Railroad :[| %06 15th 8t. N.W. Pbone Nattonas za2s earned $11.24 on common stock in 1929, ||| Mortgage Loan Correspondent for against $11.44 in 1928. W The Prudentiat tnsurance Co American Telegraph & Cable stock- | ol iAsrice holders approve sale of all assets and | properties of company to Western Union | Telegraph for $2,030,000. quarter to February 28, 1930, against 53 cents in like previous quarter. Charis Corporation declares extra dividend of 25 cents on common stock in addition to regular quarterly divi AP artment House Bank clearings in the principal cities! p oo Rates of Interest and Commission April 10, showed the smallest decline, | Thomas J. Fisher & Company, Inc. | SECOND TRUST APPLY COLUMBIA PERMANENT BUILDING ASSOCIATION 12th Street N.W. Nat. 03 Money to Loan D. C. Real Estate 6% | Floyd E. Davis Co. :! 733 12th St. N.W. Kz Tmperial Dicsel Engine earned [ PROPERTY MANAGEMENT | 78 cents on combined A and B stock in ; 161 o Virginia, North and South Carolina, 3 3 ' 45 103 | market left off with mixed price | dend of 50 cen West Virginia, Maryland and the Dis- | 4 S Gen Am Tnk Car(34) changes. " Gansolidated Retall Stores’, March trict of Columbia. | Am Solvents Chem. , Gen Asphalt (4)..eu b 6! sales of 8.1 per cent from year ago; Fountain Fox Beattie, president of A Sol Ch ev pt (3). Gen Bronze (2)....u | three_months® sales up 11.3 per cent. the First National Bank' of Greenville,| b2l 441 Am Steelkdy (3)... 5§ 474 47, Gen Cable. ... . | Had 28 units in_operation on March S. C., was elected president: Henry H.| 116 § 110l Am Steel Kdy pf (1), 10s 113ty 113 3 Gen Cable A (4 Oll SlOCkS | 31, 1930, against 26 on same date 1929, McKee, president of the National Capi-| o3 = 4b's Am Stores (2) o 8 bl \ 51 Gen Cigar (4). | " Cosgrove-Meehan Coal earned 6.72 | tal Bank of Washington, was named| 69 60'» Am Sugar RIg (6) 6bly Gen Electric (1.60).. on preferred stock in 1929. In 1928 | vice president and George H. Keesee, Am Sumatra Tob 16 Gen Elec speo (50c).. | earned 42 cents.on common shares. | cashier of the Federal Reserve Bank of Am ‘Tel & Ca (5) Gen'l Food'Corpn (3) BY GEORGE T. HUGHES. Durhan Hosiery Millsearned 4 cents Richmond, was again honored with the Am Tel & Tel (9).aas Gen Gas&El A(new) (This is the ninth of a series 0f | on common stock in quarter to March ! post of secretary. 2 Am Tobacco (8) brief analyses by Mr. Hughes of the | 31 1930. | White on Advisory Committee. 1201 120 A obe ot ) I R ST ok . Franklin Manufacturing retail | e e e o] 2 | . 3 n eliveries first quarter were 2,503, new ";ryer;ogmm”_ THEG Taser AR | 1 Am Water Wks (ol) Gen Motors (13.30). sale of any particular stock, but to | high record, and companies with 2,302 Am Woolen...... Gen Out Adv (2)...0 ive the investor such information White, cashier of National Bank of ' A WS BULSTEDe) % 17k} g ; | in_largest previous quarte Washington; W. B. Copper, president of oAt = D 51| as may enable him intelligently to p > Michigan Steel declares extra dividend | Am Writ Pa 134 b 3 Y Y 99 | - ! | ‘Thizd National Bank, Chestertown, ¥d- Am Zinc Ld & S 1 M| o1 18 Ity Yo L ioRNenRite) e e s | e L e ;. M aanondnCopEn). 7 U 7 : SRR S 9y 99 99 Ysu| Recent financing for account of Un-| : tional Bank, Gastonia, N. C.. J. R. AGRCORUR WD by, S 1 ; Gen Kiefrac (14%.).. ‘ - | Hemimann interests reported to be near | Turnage, president of First National Rl ¥ |lon Ol of California has drawn atten- | consummation. Bank, Ayden, N, C.. O. Jay Fleming, Anchor Cap 12.40). Gen Theat Equip vts 129 49 4x% » . that Archer-Dan-M (2) Gillette Saf Raz(ns) 9 9 904 ;{‘,‘,’c’k"‘fi’,‘:"",‘}if‘fl,fé", sr:vtruiregfu ;‘gn' Staudkea’ on Raf ¥ I0dians s avanoes Vice president of First National Bank. AT B CHATIUAD p GlinbelBrothe : T [k e o Ol 8 e a0 | price of gasoline 1 cent a gallon. Grafton, W. Va. and Burnell Sloan, Armour 111 (B), ot - 38 31 Gldden Co (h2 8 debenture bond tasue of Lhis company | Standard Textile Products eamed Vice president of National Loan & Ex- - | 000, TTVINE 8 | 5464 on $5 class B stock i 1999 against change Bank, Columbia, S. C. S LA Goel(adole) |5 per cent coupon. The bond although Gold D |2® ipos. mon stock in year 1929 against $15.31 in In addition to Gov. Seay, speakers o1d Dust (%) 46% | unsecured is so fuily protected by earn- | Jg3g. vesterday were W. W. Hoxton, chair- gfifi:;':.".’-‘:fi-':l}. ; bW 9uw | ings, charges having been covered in| "Unjted Aircraft & Transport contest man of the board of the Richmond Re- 4 serve Bank, who delivered the address Goodyear 18t pf (7). 1920 more than elght times, that there | with Gurtis-Wright-Keyes group for | 925 15th St. N.W. Gotham Silk H (2%) 6% is no doubt “’h;““‘;' g n"“l k‘!‘: control of National Air Transport won | of welcome: Waldo Newcomber, Balti- Grahim Pilya S . {grade. At the offering price it yielded | by that group. | more, president, who made the annual Granby Copper (8). . |over 5 per cent. Rt e Utah Copper earned $20.72 on com- | report: D. R. Coker, Hartsville, S. C., Grand Stiver Strs (1) The attractive feature, however, is the | mon stock in year 1929 against $15.31 in | who spoke on agricultural conditions, e b fact that with the bond went a war-| jgz. ! and E. P. Vandxer, Anderson, S. C., Grand Unton pf (3) rant entitling the holder to subscribe on | ““Syarner Bros’ Pictures acquires sub chairman of the advisory committee. Granite City St (4). or before April 1. 1938, for 10 shares of | stantial interest in patents and licenses | Buying Larger Policies. Grant (W T) (1). | capital stock of the company at a g},“" | of Tobis Klang Film group for talking T : Gri North pf (5). ing scale of prices beginning at $60 & | picrures throughout the world, with ex- Records of life insurance companes ke LIRS share and advancing to 75 a share. | Paoios (PTMEROUL e indicate that larger policies than in OB i T Grt West Bug (3.80). _When the issue was floated the stock | “ hite’ Star Refining advances price earlier times, are the rule. One €OM- | ;16 13)" Laidwin Loco Br (1) 3908 Grisby Grunow. was selling some 15 points under the of gasoline at service stations and in pany announces that its volume of writ: | 1,5, 111 Baliwin boce b (D) 390s 1 Gult Mo & North, minimum price at which the warrant be- | tank cars 1 cent a gallon, . O e S v 63 per cent and | 110% 107 Bamberger pf (6%). 20 Hackensack W (1%) | comes operative, The privilege has aveal| Youngstown Sheet & Tube merger o aohae the highest total of any month | 24k 63 bang & Aroos (34). Haun Lept Stores. with Bethlehem Steel ratified by ma- 16!4 Barker Bros(2). 1008 of production in the entire 78 years i LU ie MANAGEMENT All such important details as taxes, insurance etc., are taken care of in our management service. There are many econo- mies which our experience can work out to the owner’s profit. Gen Mills pt (6 You'll find our service a good paying investment. B. F. SAUL CO. Nat’l 2100 Atch T&SF pf (6) Al G & W indies, AUl Refining (12). Atlas Powder (4 Atlas Stores (1) Auburn Auto () Autosales. ., Auto-StSaf RA (3). 1 TR ST MORTGAGES MAKING GOOD TO YOUR ESTATE Hahn Dept S pf(6% ) some day be very profitable. | jority of stockholders. Total number of et A Union' Oil of California has some| . . Sy Sl (OWE) PriEtgex) $19,614,500 of funded debt besides the‘;‘;:l;glv“:;?leh%;;f:; o mee b that the company has been in business. | ¥ At Another company reports that the av- erage size of all policies written by it in 1910 was $2,100. In 1920 the figure had increased to $2,400 and for 1929 the figure had grown to $4,396. Church Stock Manager. Kortright Church has taken over the | management of the stock department of the local office of Mackubin, Goodrich | & Co. The new department head is well known in Washington, having been born here and educated at Western High School, where he distinguished himsell in athletics. He was also a varsity man at Exeter and won his letter on the Yale base ball team. During the war he served as a captain in the Marine Corps. He was formerly with Smith, Graham & Rockwell. Heard in Financial District. President John B. Larner of the Washington Loan & Trust Co. left ‘Washington yesterday for Hot Springs, Va.. where he plans fo take a short va- cation, returning in about 10 days. Mr. Larner has had an exceptionally active ‘Winter and has been very closely held at_his desk. Local bank clearings during the past week totaled $29,509.000, against $29,- 842,000 last week. This is a decrease of 48 per cent in clearings compared with the corresponding week a year ago. An analysis of General Motors com- mon stock is published in the current Financial & Economic Review, issued fortnightly by J. A. W. Iglehart & Co. Bayuk Cigar (3) 84 eacon UIL 5 Beatrice ch-Nut Pkg (3).. ing- Hemiuway.. dix Aviatlon (Z). 9 L& Co (Z)erenn. 11 Sethlenem Steel (6). 117 Bethlenem Stpf (7). 3 Bloomingdale pt (7). 10s Blu'thal & Co pt (7). 30s Bonn Ay & Brass (i), Bon Ami A (4) Booth Fisnerie; Borden Co (ké). Borg Warner (4. Briggs MIg Eriggs&Stratto British Smpire Steel. Brovkway M T...... Bklyn-Mannat (4). .. Bklyn Union Gas (6) Bruns-Balk-Coi. Bucyrus Erte (1). Bucyrusev pt (23). Budd (I G) Ce Budd (k G) Co pf. Buda Waeel (1) Bullard Co (1.60). Bulova Watch (3) Burns Bros B....... Burr Add Mach (1).. Bush Termni (2%4). . Butte Copper & Zine. 4 Butte & Superior.... Byers (A M).. Calif FACKINE (4)... Calumet & Ariz (8). Calumel&Hec (ad % ) % 105 72 Ti% 261y Hanna pf (new) (7). Harb&\Walker (121 ) Hartman Corp B 1.20 Hayes Body. Hercules Motor 1.80, Hershey Choo (6).... Hershey Choc pf(16) tioe (R) &CO.....ue Holland Fur (e12%). Hollander &Son. . ... Houdaille Her B (2). H'hold Fin pf (13%). Houston Of......00 Howe Sound (t4%).. Hud&Man Ry (3.60). Hudson Motor (6) Hupp Motor Car ( Independ O11 & G (3. Indus Ray (b6 %stk). Ingersoll Rand (4).. Inland Steel (4) Inspiration (4). Insurance Shai Interboro Rap Tra Int Hydro El A (e3). Intl Match pf (6).... Int Nickel of Can (1) Intl Nick Can pf (7). Intl Pap & P A(2.40 1 STOCK EXCHANGE ' new bond and guarantees jointly and | severally with Atlantic Refining, another | bond issue of $4,000.000. All these bonds sell on a low yield basis, less than 5| per cent. The stock which is of $25 par is outstandnig to the amount of‘ 15,938 shares. Earnings during 1929 re equivalent to $3.56 a share and the | present dividend rate is $2 in cash an- | nually plus 4 per cent in stock. | Whether or not the market price of the stock will advance sufficiently to make it an object to exercise the war- rants on the new bond depends in part “1on the recovery in the oil trade in gen- eral and in part on the progress made by this particular compa: Al that| can be said is that the present outlook | is favorable. b~ ACTIVITY INCREASES| Activity on the New York Stock Ex- | change showed a decided increase in March over the first two months of the year, although relatively far below that of any March since 1927, according to the Standard Statistics Co.’s new index of stock sales, based on the number of shares listed, with the average of 1926 taken as 100. The index for March is 114.2, against 94.2 for February and 77.6 for January. The figure for March, 1929 was 186.9. ‘The index is designed to give a truer picture of trading activity then that ob- | order of the commission. | By the Associated Press. | Building construction activity in the quired. These include the 91,000 odd | shares which opponents of merger have declared could not be legally voted. VIRGINIAN $5,000,000 | BOND ISSUE GRANTED ‘The Virginian Railw | thorized by the Interstate Commerce | Commission to issue $5,795,500 first mortgage 50-year 41. per cent bonds | series B, in lieu of a like amount of | | first mortgage 50-year 5 per cent bonds, series A, heretofore authorized to be authenticated and delivered. Of the series B bonds, $5.000,000 will be sold at not less than 94! and ac- crued interest and the remainder held | in the carrier’s treasury until further —_— | CONSTRUCTION ACTIVITY. United States last week fell off a trifle, as computed by Census Bureau esti- | mates. Figures which follow give the | average daily total of new construction contracts let in territory east of the Rocky Mountains for the week and comparable periods: Week ending April 5, $16,977,000; preceding week, $18.112,000; sare week last year, $21,494,001 Especially for that money which you want to safeguard from the allurements of specu- lation and feel sure that it will continue to make the same re- turn, consider our 6%2% FIRST MORTGAGES Ower a Third then as you will and devise, of a vour estate will be able to liqui- Century date. Our 6%:% First Mort- Without a gages are secured by income- T earning real estate. May be purchased in amounts from $250 up. B. F. SAUL CO. National 2100 925 15th St. N.W. STA N N The publication also discusses Melville TEMENT OF THE CONDITIO! Shoe common stock. The Federal Reserve Banks of At- Canada Lry G A (6) T2 470 tained from the number of shares sold, . Canadian Fac (10) z 210 211% 2 : | in that'the factor of number of shares The Mohawk Fire Case (J 1) (6).. o 12 2953 293 listed, which has increased vastly in Caterpillr Trao 133% .. 1:1‘ 5% 6% the past few years, is taken into con- oy, i 2108 '8 the past ¢ Insurance Company THERE IS NO SUBSTITUTE FOR SAFETY " Now—Another Link 407,560.72 14,102.56 28787 hands of agents ........... Interest due and accrued . ... Reinsurance due on paid losses $3,123,353.06 Chrysler Corp (3)... 13. Clty 1¢e & F* (k3.60) . No chain—of iron or of finance—is stronger than its weakest link. If in the course of lanta and St. Louls have reduced their rediscount rates from 41, to 4 per cent, the head office of the Reserve Board | Cent Alloy Steel (2). 12 s4iy —————— of New York announces. Cent Alloy ctfs (2).. 23 3ah, I Cent Alloy pf cfs (7). 408 1104 Investors Equity (3): 5 ErI L A e e A AP Cerivae rascu 0).s 4 island Creek Coal(4) " = Amended June 30, 1302, and Ausust 18,1911 BANK CLEARINGS. % 11 Certuln-teed Frod... 3 Jewel Tea (4). The reduction in bank clearings | 7 36 CbeckerCab (4u0).. 19 Johns-Manvill | Sl ARk aid i -$i000.000.00 which has characterized ithe report e s 2 o . since November 1s now at much the Chni & Alton. 10 R W Mortoace e e s i lowest ratio of loss than at any time | Kacatadt (R) (1,080 g g e cGuing that period. Total clearings at Kayser Jullus (4) | Promiums. uncollected " and in leading cities in the United States for : Kelly-Spring Tire. Mone the week up to Thursday last, as re- p : Eslly Soring $% ,n! e o s else: ayes ( . i ;:lzzt:% 2’25%“ O x:evidc;,, “;mt;;x:ntfdufig( p & Pl okl : e PRI has becn ndd?d to our chain—there are it 'émlmo !}!‘“tfi{ye?(r &:ln(lm:_l‘:;"g: ; 5:::5::10?101‘;‘;“ BUILDING Net unpaid L v $107,194.00 :flw Gl- ye"i mt;'hlth' p:rfic&:ecumi‘ T“ per cent. lew Yorl y cleal . - fig < een iven e irs ortgage Notes of $7,634,000,000 are 49 per cent lower, Kimberly.Clank(13). 4 ' R namr o et il bl e while the u‘xfim?'fi' !o{' nI:e tp;l;\;l‘?l '.8','.','.3 ?GRR‘)l o LOANS Salaries, Tents, expenses. " {axes, | CE . . 2 3 dl’ e centers outside of New York of ,245,~ . W e b b ompany was founded in April, s 0 A 4 Capital stoc . X - 275,000 is 8.7 per cent below last year’s. 3 6 : or ’ ot 812,080 92 “ ili Larger settlements through the banks g 33%) v “ 3 = i . 813,660.92 | ‘Prompt 'nnd Unfailing Pnyments'tn Ev.ery are_clearly indicated by these returns. b : Kraft Ph Ch pf (6% IMPROVED Total liabilities . $3,123.353.06 | Investor'—has stood the test of time with- Spf.... e v “Inland Marine, Auto, Fire an 4 233 per cent. The declines now con- o G Kreuger&Toll (1.34). . : allied lines of insurance. tinue mainly in the Central West and 4 calfln.&mlmn‘.“. 7 TR ) 5 e imeey - e e at some of the Southern centers. Col Fuel & Iron 42).. 39 Reasonable Rates M e Clearings for the week, as reported Colo & Sou 1st pf (4) 100s " Prompt Action igs: MR 0eE years the chain of investsments on which to R. G. Dun & Co., and average daily Colo & Sou zd DI (4). 30s L i financial ity depends devel bank clearings for the year to date are ColGas & K1 (2).... U5 4 Lehtgh Vall B F SA[JL CO ’J.'.J“.'u‘.‘éfik"f.%‘",c:i‘,; Lol A your financial security depends develops compared herewith: g:xn Gas& KIpt A(6) 2 R L . . )e sth da of ADril. 1030, o flaws and weaknesses you may find your- Per 243 umb Grapn (87¢). 292 8l A. J. ABADIE. if facing disastere=wh least: 3 P Notagy Public, 94 New York Gonpty N, 2 self facing disaster—when you can leas pee™y, 5 3;""“_""',‘[‘;:’)" "‘.' 42 925 15th St. i Nat12100 O ommission expires March 30, 1033 Ao it X Comm Credit A (3). 2 WASHINGTON BROKERAGE CO.. Agents Boston . Liggett & Myers(15) Phlladelphia "L Liggeti&Myrs B(16) Lima Locomotive. .. Liquid Carbonie (4). Loew’s. Inc (3). .. Wise investors for just that reason make a security of proven safety the mainstay of their financial structure. That is why so many of them choose the 6% First Mortgage Notes sold througk Swarte zell, Rheem & Hensey Company. Back of these notes is this record: Com Crd 1at pf (834) 108 gnlnl l?' I “(I(‘:;. . g . . Comm Invev pL(e6). Loew's. | T 634). 193 Szzr:::‘;:::;l:.u };: 3 it e :w.). We Solicit the Rental Management of Your Property Comm & Sou pf 16, 3 ¢ " 66 Whether Apartment, Residence or Business Congoleum-Nairn. 215 Prompt Collections THE DAY RECEIVED h : 3 258 ot Beee (r Our Rental Department is Most Complete and s WARTZELL, - Efficient. -We offer co-operation at all times in the solution of Ownership Problems, such as refinancing RHEEM & HEN SEY co MORTGAGE BANKERS New Orleans. Dallas an 833s383388358s3ss $3,245,275,000 7,634,000,000 McKesson & Rob (3) Total all . $10,879,275,000 U. S. TREASURY BALANCE. ‘The United States Treasury balance announced today as of close of business April 10 was $288,301,877.18. Customs receipts for the month-to date were $13,633,994.70. Total ordinary expendi- tures, $12,010,854.21. —_— Organic heart disease and diabetes ecidedly Magma Copper (6).. Mandel Blg)!horlq . ¢ Man Elec Supply . Continental Motors. 6 . g Man El m:flnl'dlh Contl Ot of Del..... : Marmon Motor (2).. Contl Shares (1).... Mathieson Alkill (2) Corn Prodét3%).... May Dept Stra (n2). coty. Ino (k2)...... Maytag Co (12)..... Cream of Wht(12%) Melville Shoe ¢2). Crosley Radio (1)... o Mengel Company 2) are -sald to be de higher among Crown Cork & Seal. . 284 Metro Gold pf (1.89) American physigians than those of any Crucible Sigly(k5). . g g e S ®@bor country. p 4 Cuba Lan g (Continued on ¥ - McGraw-Hill (2). your mortgage, repairs, insurance, etc. Melntyre Porc M(1). McKeespt T P(143% ) RANDALL H. HAGNER & COMPANY, 729 IS STREET N.W. Mortgage Loan Correspondent \ WASHINGTON D.C. New York Life Insurance Company 132! Connecticut Ave. N.W. Phone Decatur 3600