Evening Star Newspaper, April 22, 1930, Page 13

FINANCIAL NEW YORK STOCK EXCHANGE PROGRESS REPORTS " HEARD BY BANKERS Earlier Closing Hours Also Considered at Meeting of D. C. Association. BY EDWARD C. STONI Repbrts from chairmen of many of the District Bankers' Association stand- ing committees and the question of 2 o'clock closing made up the chief busi- mess taken up at a special meeting yesterday afternoon at headquarters. ‘The reports contained much that will be embodied in the annual reports, to be presented at the coming convention at Asheville. Among the chairman presenting re- ports were Eliot. H. Thomson, adver- tising; George O. Vass, commercial trade activities: Edward J. McQuade, protective committee; Luther E. Schrein- er, publf¢ity; F. P. H. Siddons, insur- ance; Frederick H. Cox, standard banking forms; Lanier P. McLachlen, Treasury relations; Francis G. Addi- son, law and legislation: H. G. Hoskin- son, credit bureau; Raymond Marx, auditors’ section, and Charles E. Howe, safe deposit_section. The president named a committee to draw ‘up tentative plans covering the earlier closing proposal, which will be presented to the different bank boards- for approval. The fate of the shorter hours plan hinges on the action taken by the member bank individual boards. ‘In some quarters there is much enthusiasm over the proposal. Other :’lnkem are only lukewarm over the lea. The association passed resolutions to the memory of the late Francis W. Stone, vice presicent of the National Saving & Trust Co. President W. J. Waller was in the chair and the meet- ing was the fMrgest Spring session ©f the kind ever. held. C. & O. Earns $4.46 Per Share. The Chesapeake & Ohio Railway Co. for March reporfs gross revenues of $0,216,005, compared with $10,311.909 in’ the corresponding month of last year. The net operating income of the ‘company in March amounted to $2,030.- 206, against $2,639.827 in the 1929 month. Por the first three months of the current year gross revenues were $20,712,152, compared with $31,332,793 in the same quarter of last year. Net operating income in the period was $7,892,066. against $8,596,323 in the corresponding three months of the pre- vious year. In the first quarter of the current year the company earned $4.46 & share on 1483213 shares of common stock, compared with $5.06 a share on 1,180,- 940 shares in the corresponding perind of 1929. The net income of the com- pany in March was $1,621484, and $6,618.251 in -the first three months, against $2,062.902 and $6819,046, re- apectively, in the 1929 periods. Income Tax Returns Slump. Individual income taxes dropped off $38.985,994 of the total of $40.242,771 reduction in all income tax collections | in March of this year, as compared with March, 1929, according to figures made Eubllc by Bureau of Internal Revenue. orporation income taxes dropped only $1.256,777. Treasury officlals looked for a larger reduction in collections because of the cut of 1 per cent in all income taxes paid on incomes earned in 1929. As has been predicted. corporation returns held up well in spite of the lower tax, due to_prosperous business last year. Total of income tax collections for March were $555,744.639 against $595.- 987,410 in March, 1929. Of these col- Jections $280,831418 consisted of cor- poration taxes, $1,256,777 less than cor- responding month a year ago, and $274,- 913220 consisted of individual taxes against $313.899,214 for March, 1929. Local Business Coming Back. ‘The recent improvement in the New | York Stock Market should have an im- portant effect in lifting business in Washington. This assertion was made today by a local bank president who is not doing | much cheering over the business condi- tions which have prevailed so far in 1930, but who looks for better things as the year advances. ‘The break in the stock market had a tremendous effect on business in every city and town in the country, although the steady Government pay roll pre- vented the Natiohal Capital from being hit as hard as many industrial cities | ‘were, the bank official said. | Based on the fact that the market erash hurt business so severely, the same reasoning should now be employed to back up the claim that a stronger | stock market will help business. For | that reason, the present advance in| Wall Street, although quite irregular, is | sure to be reflected sooner or later in 81l parts of the country, this city included. Trading Quiet on Exchange. Six 10-share sales in Mergenthaler Linotype led trading on the Washing- ton Stock Exchange today. The stock opened at 1071; and closed at 107%. National Union Fire Insurance sold 25, 100 shares of Real Estate Mort- gage & Guaranty preferred at 7. Poto- mac Electric Power 5% per cent pre- ferred at 108!, and Peoples Drug Btores preferred at 10815. Bonds were in quite good demand at recent levels. ‘The Washington Bond Club was ad- later High. A1t 33 5915 101% 1100 dressed at the noon lunchecn today at the Carlton by Willlam B. Burruss of | New York and Washington on “Shake- | speare, the Salesman.” He is a sales- | manship engineer and his talk was much enjoyed. | Norfolk & Southern Report. | ‘The annual report for 1929 of the | Worfolk Southern Railroad Co. shows | total assets of $44,364,740, against $44.- | 899.500 at the end of the previous year. | Current assets were $1,680,016, com- red with $2,110,518 at the close of 928. Current liabilities were $652,997, | against $1,099,462. The profit and loss | surplus at the end of 1920 amounted | to $6,860.380, compared with $6,776,225 at the close of 1928. Heard in Financial District. President George L. Starkey of the | National Bank of Washington is pass- mf two weeks in Atlantic City. He will return to the bank next Saturday George A. Garrett, resident partner of F. B. Keech & Co,, is spending & few days in Chicago. He will return Thursday. Thomas J. Mangan, jr., manager of the Washington office of Hemphill, Noyes & Co., has joined his family at the Greenbrier Hotel, White Sulphur Springs, W. Va., for a Spring vacation. Cyril J. Jones has been made mai ger of the sales force in the Washing- ion office of Henry L. Doherty & Co., Southern Building. He succeeds Albert D. O’'Connor, who has been promoted to manager of the Baltimore office. An increase of $308,391, or 17.33 per cent, in the railway operating revenues of the Richmond, Fredericksburg & Po- tomac Railroad 'Co. for 1929 was re- rted at the annual stockholders’ meet- g_vesterday at Richmond The directors of the National Sav ngs & Trust Co. at their monthly me ing yestérday passed resolutions of re- spect to the memory of Francis W. Stone. for many years vice president of the bank. COAL PRODUCTION. By the Assoclated Press. Bituminous coal output in the United States for the latest week estimated by the Mines Bureau was slightly below that of the previous week. Production * 1681, Columbian Carb (16) figures for the week and comparable periods are as follows: ‘Week ended April 12, 8.175,000 tons. Preceding week: 848,000 tons. Same week last year, 8,357,000 tons. edition. ~Prev. 1930.~ 4 117% AmCan (T)....... Received by Private Wire Direct Note—For_complliation of today's indl edition. Yesterday's individ sales are given in this 5'5'2“'1 Lot Sales of Each Stock Compiled to 12:30 P.M. Stock and Sales— Low. Dividend Rate 22 Abitibi Pwr & Paper. 6475 Abittbi P& P pf (6). 104 Abraham & St pf (7).100s 1075 107% 231 Adams Exp (1.60) 24 34 33% 23 Adams Millis (2).... 10 314 30% 11ts Advance Rumley.... 10 1913 19% 15 Ahumada Lead. 1 118 Air Reduction (2)... 21 Air Way TIAp(2%). 1% Ajax Rubher. . . 7 Alaska Juneau 23 Allegheny Corp..... 95% Alleg Corp pf (514).. 9813 Alleg Cp pf ww (51%) 70 Alleghany St1(+2.80) 265% Allied Ch & Dve(ns). 49'% Allis-Chalmers (3) .. 2813 Alpha Port Cemt (3) 18 Amerada Corp (2) 6% Am Agricul Chem, 26 Am Agricul Chpf... 77 Am Bank Note (13). 40'x Am Bosch Magneto. . A% Am Brown Rov Elec. 201, 60> Am Brewn BE pf(7) 30s 78 . 340 15114 1388 31y In 57 Am Car & Fdy (6) E 1081 10815 Am Car & Fdy pf(7). 63 Am ChainCo (3).... 36% Am Chicle (1234). 1913 Am Com Alco(n1.60) 35 Am European Secur. 825 Am & Forn Power. 107 Am & For Pwr pf( 95 Am&Forn Pwr 2d pf. 19% Am Hawalian SS (2) 41x Am Hide & Leather 271x Am Hide & Lea pf... 55% Am Home Prod (4.20) 351 Am Tee Co (14). 35% Am Internatl (2). Am La Fr & Foamite 72 Am Locomotive (8). 104 Am Locomot pf (7). 210 Am Mach & Fdy (7). 43% Am Metal (3). 110 Am Metal pf (6) 65 Am Nat Gas pf (7).. 4 Am Am Pwr & Lt (1) Am Pwr & Lt pf (). 75 AmP&L DA (35). 80 Am P&Lt pf A 8t(5). 301 Am Ra&Std San 1%. 20%2 Am Republics. ... 8013 Am Rolling Mill (2). 59 Am Safety Razor(5). 114 Am Ship & Com..... 697 Am Sm & Ref (4) 100's Am Snuff pf (6). 15 Am Solv & Chem 25% Am Sol&Ch cv pf 4415 Am Steel Fdy (3). 4615 Am Stores (2). . 60'x Am Sugar Ref (5)... 104 Am Sugar Ref pt (7) 15%a Am Sumatra Tob. ... 23 Am Tel & Cable (5)..1008 216 Am Tel & Teleg (9).. 232 254, 197 Am Tobacco (8). 2 236% Am Tobacco B (8) 24 240 1 Am Type Fdry (8) 2 1361 106 vpe Fdy pf (7). 10s 113 881 Am Water Wks (n1). 34 1181 715 Am Woolen......... 2 14% 19% Am Woolen pf. 5 38% 5 Am Writ Paperctfs. & 81 AmZine Ld & Sm.... 66 Anaconda Cop (1 40 Anaconda W&C (3 35 Anchor Cap (2.40) 30% Andes Copper (3). 12 Archer-Dan-M (2) 5% Armour of Il (A). 2% Armour of 11l (B), 6% Arnold Constable. 4% Art Metal Constr(2). 3615 Asso Appl Ind (4)... 28 AssoDry G (2%). 3214 Asso OIl (2). . 219% Atch To & § Fe (10). 102% Atch To & SF pf (5). 63 Atl Gulf & W Indies. Atl Gulf & W I pf(5) Atl Refining (12).... 8113 Atlas Powder (4).... 101 Atlas Powder pf (6). 31% Atlas Stores (1). 175% Auburn Auto (J4 3% Austin Nichols 413 Autosales 37 Auto-Strop 4% Aviation Corp of Del 3015 Baldwin Loco (1%). 111 Baldwin Loco bt (7). 115 Balto & Ohlo (7).... 107 Bamberger pf (834). 63 Bang & Aroos (3%4) 161 ‘Barker Bros (2)... 20 Barnsdall, A (2).... 97 'Bayuk Cgr 18t p£(7). 13 BeaconOil.... 6715 Beatrice Cream 's .Beech-Nut Pkg (3). % Bendix Aviation (2). 31% Best&Co (2).... 92 hlehem Steel (6 1224 Bethlehem Sti pt (7) 47% Bohn Al & Brass (3). 70 Bon Ami (A) (4).... 6014 Borden Co (k8)..... 327% Borg Warner (4). 1812 Briggs Mg Co...... 211 Briggs & Strat (2)... 13 Brockway Motor Trk 68 Brockway Mot pf(7).390s 63 Bklyn-Manhat (4) 5 847 BKlyn Man Tr pf (§) 10 Brookiyn & Queens. . 131 Bklyn Union Gas (5) 13'% Bruns-Balk-Col. 14'; Bruns Ter & Ry 22's Bucyrus (1).... 33 Bucyruscvpf (2%). 9% Budd (EG) Co...... 8iy Budd Wheel (1)..... 71 Buff & Susque. . 75 Buff & Sus pf ct 247 Bullard Co (1.60). 26'% Bulova Watch (3)... 992 Burns Bros (A) (8).. 41% Burr Add Meh (1)... 36 Bush Termnl (23 ).. 109% Rush T Bld pf (7). 3 Butte Copper & Zinc. 3% Butte Superior 16%2 Butterick Co R0 Byers (A M) 1 CallaahanZinc&Ld. 5 70 Calumet & Ariz (§).. 3 20% Calumet&Hec(adls). 60 19 63% . 1R7% Canadian Pacific(10) 27 Cannon Mills (2.80). 18% Capital Adm (A).... 1921 Case (J 1) (6).. 115 Case (J 1) pf 54 Caterpillr Trac t13%. 3515 Celotex (3). % 71 Celotex pf «7) ] nt Aguirre As 1 % Century Rib Mills 57% Cerro de Pasco (8).. 11 Certain-teed Prod. .. 36 Checker Cab (4.20).. 203 Ches & Ohio (10).... 6315 Ches & Ohlo Corp (3) 5% Chi & Alton pf 36 Chi & Eastern Iil pf. 128 Chi Great Western. . 34 ChiGreat Westn pf. 2215 Chi Mil StP & Pac. .. 39% Chi Mil StP & Pac pf. 31, Chicago & N W (5).. 291, Chi Pneu Tool...... 1% Chi PneuT pf (3%). 114 ChiRI&Pac(T).... 265 Chi Yellow Cab (3).. 25 Chickasha Cot O (3). 5714 Childs Co (240). ... 3314 Qhrysler Corp (3)... 96 City Ict & F pf (6%). 75 City Stores (50c 33 Ci 100 4 302 2 708 114% 11 116% 105 109% 4 78% 18% 318 981 19% 2 61 9 53 10 1% 6 208% 2 29% 2 o 100 353 . 508 12615 10 76'% 4 49 4815 Coc: 14% Collins & Aikma 73 Collins & Ak pt (7). 3615 Col Fuel & Iron (2).. 801 Col Gas & Bl (2). ... 24% Columb Graph (87¢) 3002 11 177 23% Comm Credit 12) ... 5 31% Comm Credit A (3) 1 76% Comm Cd 18tDf(3%). 108 77% Comm C 1st xw(6%) 408 36% Comm Inv Tr(gl60) 34 84 ComInvTevpf(e). 4 27% Comm Solvents (t1) 161 12% Comwith & Sou(60c) 400 99 Cmwlith & Sou pf (6) 13% Congoleum-Nairn. .. 45 Congress Cgr (15%). 44 Consol Clgar (7).... 4 67 Consol Cgr pr pf 6% . 20a 15% Consol Film 2) . 7 18 Consol Film pf (2). 96% Consol Gas N ¥ (4).. 99% Consol Gas NY pf (5) 49 Con RR Cub pf (6) 1/ Consol Textile. . 12 Container(A) “ Conmn-r(s). 2 13 220 132 ividual sales see | —Prev. 1930 — 314 to The Star Office. Stoek and — Dividend Rate. Add 00 High. Low. Contl Baking (A)... 40 324 5% Contl Baking (B).... 30 5% Contl Bakingpf (3). 3 Contl Can (2%)..... 26 Contl Dia Fibre (3). Contl Insur (2.40) Contl Motors. Contl Oil of Del. Contl Shares (1). Corn Prod (13%). Corn Prod pf (7). % Coty. Inc (k2) Crex Carpet . Crosley Radio (1) Crown Cork & Sea Crucible Steel pf ( Cuba Cane Sugar. w. 67 4 Cudahy Packinj 4 Curtis Publish (16%) Curtis Publish pf(7). Curtiss Wright Corp 173 Curt Wright Corp A. 26 Cutler-Hammer(3%) Davison Chemical. . Deere & Co pt (7)... Delaware & Hud (3). Del Lack & Wn (17). Denver & RG W pf. . Devoe & R 1at pt (7). Diamond Match (3). Dome Mines (1)..... Dominion Strs (1. Drug Corporatn (4). Duluth SS & At pf.. Duluth Superior pt Dunhill Intl ($4). ... Du Pont de N (14.70) Dupont deN db pf(6) £astman Kodak (18) Eaton Axle &S (3).. Klec Auto Lite (6). El Auto-Lite pf (7) Electric Boat. El Pwr & Lt (1 £1 Pwr & Lt pf (7). Elec Storage Bat (5 Emerson Brant (A). Eng Pub Serv (11).. Eng Pub Sve pf(5%4) Equitable Bldg (2%) Erie R R sosecs Erie R R 18t pf (4).. Bureka Carp Cl (4).. Evans Auto Ldg 2%. Fairbanks Morse (3) Fash Park Asso..... Fed Lt & Trac pt (6) 108 Fed Min & Smelt. 1 Fed Motor Tr (80¢) Fed Wat S, A (e2.40 Federated Dept Str Fid Pho Fire 1(2.60 Fifth Ave Bus (64¢). 108 2 s 13 2 3 5 Firestone T&R(1.60) T&R pt(6) st Nat Strs (2%). Fisk Rubl 5 Fol Foster Wheeler (2). Foundation Co. Fourth Natl Invest. Fox Film (§4)...... Freeport, Tex (15).. Gabriel Snub (A) Gardner Motor. Gen Am Investo Gen Am Tnk Car( Gen Asphalt (4).... Gen Baking pf (8). Gen Bronze (2).. Gen Cable. ... 5, Gen Cabla (A) (4). Gen Cable pf (7). Gen Cigar (4) Gen Electric (1.60) Gen Elec spec (60c). Gen Food Corp (3)... Gen Gas&E (A) new. Gen G&El cv pf(6).. Gen G & EIpf A (7). GenG & EIpf A (8). Gen Mills (3) Gen Motors (13.30).. Gen Motors pf (7). Gent Out Adv (2).... Gen PublicSve (b6). . Gen Ry Signal (5). Gen Realty & Uil Gen Real & Ut pf(§ Gen Refrac (14%)... % Gen Theat Equip vte. Glllette Saf Rax(n). Gimbel Bfothers. Gimbel Bros pf (1) Glidden Co (h2) Gobel (Adolf). Gold Dust (234). Goodrich (BF) (4).. Goodrich(BF) pf (7) Goodyear Tire (5). .. Goodyear 1st pt (7). Gotham Stlk H (2%) Gould Coapler. Graham-Paige. Granby Copper (3). . and Silver Strs(1) Grand Union. ....... Granite City St (4). Grant (W T) (1).. Grt North pf et (5).. GtNctfsOP (ad%). Grt West Sug (2.80) Grt West Sug pf (7) Grigsby Grunow Gulf Mobile & Nortl Gulf Mo & N pf (6).. Hackensk pf A(1%). Hahn Dept Stores. .. Hall (WF) Ptg (m1) Hanna pf (new) (7). 10s Hanna (M A) 1st(7). 10s Harbison Walk(2%) 7008 Hartman (A) (2) Hartman (B) (1.2 Hayes Body. 3 Hercules Mot (1.80). Hercules Pow pf (7). Hershey Choc (5). .. Hershey Choe pf(15) Holland Fur (e12%). Hollander Sons Houdaille Her B(2).. H'hold Fin pf (13%). Houston Oil Howe Sound (14%).. Hud&Man Ry (3.60). Hudson Man pf (5).. Hudson Motor (5). Hupp Motor Car (2 lilinols Central (7).. Illinois Cent pf (6). . Independ Uil & G(2). Ind Motor Cycle. Ind Motor Cycle pf Indian Refining. . Indian Refining ret Indus Ray (b5 % stk) Ingersoll Rand (4).. % Inland Steel (4) Inspiration Cop Insurance Sh (45e) Interboro Rap Tran Interlake lron (1). Intl Agricultural Intl Agricul pf (7). intl Bus Mach (n6) intl Carrie; Intl Cement (4) Intl Combustion. intl Comb Eng pf. ... Intl Harvester (2%). Intl Harvester pf(7). intl Hydro El A (e2) Intl Match pf (4).... Intl Mer Marine (1). Intl Niekl of Can(1). Intl Pap & Pwr (B).. Intl Pap & Pwr (C) Intl Pap&Pwr pt (7). Intl Printing Ink (3) 32,8 PSP ATE SRS Epen—PS R~ Intl Sh B intl Silver pf Intl Tel & Teleg (2). 4 Inter Dept Strs (2).. Intertype Corp (2). . Investors Equity(2). 13 island Creek Coal(4) 2 Jewel Tea (4)....... 1 Johns-Manville (3).. 30 John; anv pf (7)..100s Jordan Motor Car... 14 Kan City Sou {5).... Karstadt (R) (1.02). Kaufmann DS (1%). Kelly-Spring Tir Kelsey Hayes (2). Kelvinator Corp. Kennecott Cop (5). Kimberly-Clark (t3). Kinney (G R) (1). Kolster Radio. .. Kraft PhCh (1%). Kraft Ph Chpf(6%). Kresge(SS)Co(1.60) Kresge Dept Stores. Kress (SH) (1) i Kreuger&Toll (1.34) Kroger Gr&Bak(n1) . 50 91 308 100 2 26 100 26 247% 31 1073 109% T 102% 100 210 127% 1280, 281, 108, 55y 22y 204, 1121 TUESDAY, APRIL. 22 STOCKS IN RALLY AFTER EARLY DROP Market Absorbs Storm of Selling During Morning. Money Rate Lowered. BY STANLEY W. PRENOSIL, © Associated Press Financial Editor. NEW YORK, April 22.—The stock market experienced another storm of selling this morning, in which scores of issues were carried down 1 to 10 points, but a brisk rally developed in the early afternoon under the leader- ship of a selected list of amusements, farm implements, rails and specialties. Many of the morning losses were cut down, and a long list of issues marked up 1 to 5 points, with a sprinkling of ethers selling 6 to 18’4 points higher. Early selling, which received consid- erable impetus from the further decline in wheat prices and the publication of some disappointing first quarter reports, was widely characterized as a further correction of the topheavy speculative position built up in the last six weeks. The subsequent rally was influenced, in part; by the lowering of call money and bankers' acceptance rates and the appearance of strong buying support for some of the industrial jeaders. 4 Business news continued mixed. OChi- cago steel operations were reported to have shown a substantial decline, but the output in other centers is being maintained at good levels. Foreign buying of copper continues in fair vol- ume, but domestic consumers are slow in placing forward business at the cur- rent 14 cents a pound level. Practically all of the leading copper stocks broke to new low levels for the year, Federal Mining & Smelting dropping 10 points, while the decl::u lnm",:e others ran from fractions to 3 pof . Rails were mixed. Reading broke nearly 5 points to a new low for the year at 1157, and Chesapeake & Ohio dropped 3, while Illinois Central was marked up 6% points to a new high at 134 and Union Pacific advanced 3%, nts. po;n the !fll{ selling Brooklyn Union Gas, Ingersoli Rand, United Afrcraft, ‘Westinghouse Electric and American Tobacco B dropped 4 to 414 points, while American Telephone, Allied Chemical, Western Union, Columbian Carbon and American Can were among the many issues to sag 3 points or more. J. 1. Case was again a spectacular feature, soaring 18V, points to & new high at 342, which’ contrasts with the year's low of 192%;. Worthington Pump jumped 11'% points to 148'z and Va- nadium Steel 6% to 1423, both new Eastman Kodak rallied 6 points, A. M. Byers 5 and McKeesport Tin Plate 3% to a new high at 84. Radio was bought in heavy volume, crossing 66 to a new high level for the year. CHICAAG—O DAIRY MARKET. CHICAGO, April 32 (#)—Butter— Weak; 14,546 tubs. Creamery—Extras, ; extra firsts, 36a36%: firsts, 28351¢; seconds, 31a33. Eggs—Weak; 54,197 cases: extra firsis, 24a24'%; graded firsts, 2313a23%; ordi- nary firsts, 2214 storage packed firsts, 253,; storage packed, extras, 26%. POTATO MARKET. CHICAGO, April 22 (#) (United S‘ates Department of Agriculture) — Potatoes—175 cars, on track 311; total United States shipments, 521 cars; stock trading fair, market steady: Wis- consin, sacked round whites, 280a3.10; occasional car higher; Minnesota, sacked round whites, 2.80a2.90; Idaho, sacked Russets, 3.8 00; new stock trading fair, market slightly stronger: Texas, sacked Bliss Triumphs, 4.35a4.50. Furnished on 1510 H Street =E. 721_10th Street N.W. 1930. IRST TRUST FIRPOANS Reasonable Rates Courteous Treatment THOS. E. JARRELL CO. LTO! "NW. _ Narl 0765 | Attractive . . . oo \OFFICES SAUL BUILDING 925 15th St. N.W. The center of Wash- ington's Busini and Financial District. Ideal location for real estate, insurance and brokerage busin Most Reason- able Rental B. F. SAUL CO. 925 15th St. Nat’l 2100 Lots of Nice Things Under the Sun These days . . . but we doubt it Spring holds any greater attraction than this startling saleof . . . $55, $60, $65 ROGERS PEET TOPCOATS *4 Including famous Scotch *mist, all - weather ocoats. Sprightly patterns and colors. Drop in and look them over. *Reg. U. S. Pat. Of. Meyer's Shop 1331 F St. Complete Investment and Brokerage Service Copy of Our “Fortmightly Review” e G. M.-P. MURPHY & Co. Members Nw York Stock Exchamge Connecticut at K WASHINGTON Telephone National 9600 New York Philadelphia Few Homes Are Fireproof —and apparently none burglar- proof. That's why it's hazardous to trust to “home strong boxes™ for the protection of Bonds, Stock Certificates, Deeds and similar valuables. fOur modern vault affords twenty-four-hour-a-day protec- tion of 100% efficiency. Why not have a SAFE DEPOSIT BOX? Rentals Are Moderate 64th Year Cor. 15th and New tial properties (homes) in Washington. risk of loss is eliminated. Richmo: Capital & Surplus $3,500,000.00 National Savings & Trust Co. The Oldest Savings Institution in the District of Columbia York Ave. SAFE_SECURE 7% First Mortgage Notes in convenient denominations $100 and up Secured on conservatively appraised residen- northwest section of The notes are not subject to fluctuation and PHONE OR WRITE US—We will be glad to show the properties om which these motes are secured. McKeever and Goss Realtors 1415 K St. N.W. Members Mortgage Bankers Associatio) National 4750 of Americ.. FINANCIA Money to Loan L e Joseph I Weller 95,7 53 5% Real Enh!e Loans Made Linkins Co. STOCKS BONDS COMMODITIES F. B. KEECH & COMPANY H CORNER 17TH ST., N. W., WASHINGTON s romn ewncase PHILABELPMIA ot v SEABSONAL BRANCH OFFICES PALM BEAGH MIAMI SARATOSA SPRINGS BAR MARSOR SRETTON weses Members of Mew York Stock Exchas Washington Btock Exchange icago Btock New Yo ure Bacange Chicaso Board ot ¥rots Liverpool Cotton Association, Ltd., Mew York Cotton Exchange New. Bremen Cotton Wi Exchange (Assoc. Members) rein Exchange l':hlm.llm Rubber Exci of N. Y., Ine. New York Hide lu-,}lt. ne. N.Y, New York Nationsl Metal Exchange, Cocoa ‘Minneapolis Chamber of PROPERTY MANAGEMENT Apartment House MANAGEMENT If you are not getting the re- turn you feel you should from your apartment house invest- ment, come in and talk the situ- ation over with us. Our Property Management Department can quickly find the flaws and as quickly correct them. B. F. SAUL CO. 925 15th St. N.W. Nat’l 2100 M ORTGAGE We are ple ed to announce that Mr. Percy B. McCoy Mr. Alvin B. Fischer Have become associated with our Washington Office Samuel McCreery & CO. Bankers Members New York Stock Exchange Philadelphia Stock Exchange Associate Members New York Curb Exchange Shoreham Building National 9064 Public Confidence Since 1861 F Street at Eleventh 9 AM. to 6 P.M. OFFICE FURNITURE GREATLY REDUCED Special—4 Days—Sale Flat-top Desks Single and Double Pedestal Styles, for Home or Office use. Oak, Mahogany, Walnut finishes. Regularly priced $30 to $260. Special, $16 to $230 Roll-top Desks Single and Double Pedestal Styles, sizes 40x30 to 60xJ34. Oak, Mahogany, Walnut finishes. Regularly priced $44 to $112. Special, $34 to $85 2 Genuine American Walnut Roll-top Desks o ~vceptional quality. Were $325. Special, $265 Typewriter Desks Single and Double Pedestal Drop-head styles. Left Pedestal Desks. larly $38 to $140. Special, $30 to $115 Right and Oak, Mahogany, Walnut finishes. Regu- Office Chairs storage Cabinets Also Bentwood and Folding Lyon Metal Storage Cabinets, irs. equipped with 4 plain shelves. airs. Special, $1.15 to $85 $40 to $50 Office Furniture, Fourth Floor