Evening Star Newspaper, April 23, 1930, Page 13

FINANCIAL, L2 FINANCIAL. C. &P. SHOWS GAIN INMARCH REVENUE Report for First Quarter, 647 ADbitibi P& P pf (6). 2 84 84 84 86 HOWGVEI‘, Shows Decrease 104 Abraham & 8t pf (7). 80s 107% 1074 107% 1 37% 28% Adams Exp (1.60)... From Last Year. 32 23 Adams Millis (2). 284 11 Advance Rumley. THE EVENING STAR, WASHINGTON, D. €, WEDNESDAY, APRIL 23, 1930. NEW YORK STOCK EXCHANGE | (IPSWING IN STOCK EE_ PRICES ISRESUMED]| . issst.sstt.., |iMmme e 8 conu ¥ 3 12 § 7 2 103 Woodward Bids. Nat. 0340 First Mortgage Notes i Market Continues Rally of JAMES Y, PENNEBAKER FOR SALE 27% Contl Shar. 8714 Corn Prod ( Late Yesterday With Heavy SUS Ten—— In Denominations of $250 Trading Volume. and Upwards A-13 INVESTMENT STOCK s out Exdhanse! siaias Gver 8% Recommended. o Y b Courtland Nizon, 1518 K St. N.W. Money to Loan et desd of trust atate. ing nterest and ommi = Nat 170 Joseph I Weller &5 & & Trasd. Wit GREATEOR BYCURITY ANNUITIES Cash Refund—Joint—Deferred d for Information Note—For_compilation of today's individual sales see :::: edition. Yesterday’s individual sales are given in this on. Sales of Each Stock Complled to 12:30 P.M. ~Prev. 1930~ Stock and Dividend Rate. A.:;.:;!Ilh. Low. 3:85. Close. Wm. Gordon Buchanan of Councilor & Buchanan Certified Publie Accountants Tower Building National 6110-6111-6213 %) 24% Coty. Ine (k2).. 0T% 251 Cream of Wht(13i{). 34% 9 CrexCarpet.... 31% 10% Crucible Steel (k5). BY EDWARD C. STONE. ‘Telephone operating revenues for the month of March were $711,521, com- pared with $704,045 a year ago, with operating expenses of $519,048, the re- port of operations of the Chesapeake & Potomac Tele- hone Co., to the ublic Utilities Commission of the District of Colum- bia shows. Net revenues after de- ducting taxes and uncollectibles. were $142,352, against $141,390 in March, 1929, For the three months ending March 31, the com- pany's operating revenues amounted 10 $2,126,572. Oper- ating expenses for this period were $1,577,218, making net revenues after deducting taxes and un- collectibles $402,229, against $473,73¢ last year. Gross additions to plant and equip- ment in the District for the three months ending March 31, were $1,091,- 905. Retirements during this period were $386,331, making net additions, $705,574. Net additions to plant for the 12 months, ending March 31, were $3,753,744. A net gain of 933 telephones were added to the system In Washington during March, making 160,946 tele- phones in service at the end of the month. Telephone users made 17~ W. J. HARAHAN. 41 752,600 calls, which was an increase of about 4 cent over the number made during the same month last year. A comparison of earnings in March of this year and March, 1929, follows: Mareh, Magch, e enes Ot ® sLem Telephone expenses 519,048 operating_revenyes $192.473 Taxes ‘wnd uncollectable. 350,121 Operating income $142.352 Non-operating revenus $12,740 $188,002 i 704,045 Gross income ... Jente snd_ miscelianéoi terest deductio; Net income . $112,208 Harahan Outlines C. & O. Plans. ‘Willlam J. Harahan, senior vice pres: Jdent of the Chesapeake & Ohio Rail- ‘way, told the stockholders at the an- nual meeting at Richmond that the road is planning to spend $51,336,630 on additions, betterments, purchase of equipment and construction of branch lines. Part of the funds will be de- rived from the $38,000,000 common stock to be offered stockholders and the rest will be appropriated froml earnings. The directors were unan- imously re-elected. The C. & O. minority committee, holding 7413 shares, opposed adoption of resolutions approving acts of di- rectors during the past year and the 1929 annual report because of the in- clusion in the report of a punmfh relating to the application filled with the Integstate Commerce Commission asking thority to acquire control of the Erie, Nickel Plate, Virginian, Pere Muquet{e, ‘Wheeling & Lake Erie and other roads. The company recently withdrew its application. Thomas B. Scott acted as spokesman for the pro- tective committée, representing George 8. Kemp, Jonathan Bryan and other members. Gains in District Insurance. New life insurance written in the District of Columbia in March showed & gain of over 15 per cent over the same month a year ago, according to Hartford, Conn., reports received today. ‘The United States showed a gain of only § e cent. West Virginia wrote 12 per cent more mew insurance in March, and Virginia insurance sales were § cent above March 1929. Maryland, however, was off 1 per cent, being the only State in the Bouth Atlantic group to record a decline. Among the States still farther South, rgla was off 3 per cent and North Carolina 5 per cent for the month. South Carolina wrote just the same amount of insurance as last year. The report states that South Dakota made the best showing, with an advance of 29 per cent, and Mississippi had the largest decline, 19 per cent. The first quarter figures reveal the fact that the country as a whole has taken 6 per cent more insurance this year than in the same period in 1929.4 ‘The South Atlantic States increased their monthly production 2 per cent over March 1929. For the first quarter of 1930 these States show an average gm of 7 per cent over the same period 1929. The section gain for the 12- month period which ended March 31 1930, was 5 per cent over the preceding 12-month period. New Van Sweringen Financing. New financing by the Van Sweringen interests to be handled by a group of bankers headed by the Guaranty Trust Co.,, of New York, is expected within the next few days. This financing will probably take the form of five-year notes carrying warrants to purchase stock of the Delaware to carry on ac- | tivities of the Van Sweringens outside | the raflroad fleld. The members of the Washington Bond Club heard William B. Burruss with unusual interest yesterday as he ave his address on “Shakespeare, the esman.” He iauded Shakespeare as one of the world's greatest salesmen, largely because of his brilliant under- standing of human nature and his ability to write what people liked best. The speaker declared that Shakespeare knew how to arrest the attention of the customer, arouse his interest in what he had to offer, create a desire for it, com- plete the transaction and at the same time develop the satisfaction of the customer. Trading on D. C. Exchange. Potomac Electric Power 6 per cent preferred sold at 113 and 112!; on the Jocal stock exchange today 5, per cent issue moved at 108. Mergenthaler sold shares of Columbia Sand & Gr 95, and 50 of the Carpel Corporation 261;. Security Storage moved at 115 | and Federal American National Bank | at 280. Bond trading was confined to Railway & Electric 4s and Capital Trac- | tion 5s at recent levels. Heard in Financial Distriet. i President John B. Larner of the| Washington Loan & Trust Co. has re- turned from two weeks' vacation at Hot rings, V: 5"090‘:‘:: H. O’Connor, vice president | of the District Title Insurance Co., has | been appointed a delegate to the con- | vention of the United States Chamber of Commerce to represent the American | Title Association. i The McLachlen Banking Corp. has| sent out invitations to the opening of | the bank's new Southwest branch, 310 | Pourteenth street southwest, which takes | place next Monday, from 8:30 to § p.m. | Percy B. McCoy and Alvin B. Pischer have become associated with the Wash- ington office of Samuel McCreery & Co., bankers, and members of the New York and Philadelphia Stock Exchanges and associate members of the New York Curb Exchange. Profit of American Ice Co. and sub- sidiaries for quarter ended March 31 1930, was $230,249 after interest, but before depreciation and federal taxes, eompering with $338,007 in first quarter o 1920, while the | 1 108Y, and 3% " 1084 Am Car & Fay pf(7) 22 Advance Rumley pf. ' Ahumada Lead. 118 Afr Reduction (2). 21 Alr Way TIAp(2%). 2 31w 30% 1% Ajax Rubber e S 7 Alaska Juneau % T% 23 Allegheny Corp..... 89% Alleg Cp pf xw (5%) 70 Alleghany Stl(+2.80) 99% Alliance Realty t3% 255% Allled Ch & Dye(ns). 49% Allis-Chalmers (3).. 2814 Alpha Port Cemt (3). 18 Amerada Corp (2)... 6% Am Agricul Chem. 26 Am Agricul Chpf... 77 Am Bank Note (13). 404 Am Bosch Magneto. . 46% Am Brake Shoe(2.40) 2 118% Am Br Sh & F pf (7). 508 8% Am Brown Bov Elec. 14 e 1 . 87 143% 139% ¢ 117% Am Can (7) 107 57 Am Car & F 15 63 Am Chain Co 13) 76% Am Chain pf (7) 36% Am Chicle (12%) 19% Am Com Aleo(n1.60) 35 Am European Secur. 82% Am & Forn Power. .. 107 Am & For Pwr pf(7). 19% Am Hawailan S8 (2) 415 Am Hide & Leather. . 274 Am Hide & Lea pf. .. 55% Am Home Prod (4.20) 351 Am Ice Co (4).. 35% Am Internatl (2).... ) Am La Fr & Foamite 70% Am Locomotive (8). Am Locomot pf (7). Am Mach & Fdy (7). < Am Metal (3). Am Metal pf (6). - 1104 110% 28 Y 104% 104 279% 272 42% 41% 112 112 90% 90% 1% 1% - H M afwnunanBasananSoense Am Piano pt. i Am Pwr & Lt (31)... 117% 114% Am Pwr & Lt pf (6). 104 108% Am Ra&Std San 1%. 874 364 Am Republics. 34% 334 Am Rolling Mill (3). 91 90 Am Safety Razor(5). 6 66 654 AmSm&Ref (4).... 11 72 70% AmEm & Ref pf (7).. . 2 140% 140%% Am Solv & Chem. . 3 18 18 Am Steel Fdy (3). 9 46u 4614 Am Sugar Ref (5)... 11 66 65% Am Sugar Ref pf (1) 2 109% 109% Am Sumatra Tob.... 3 16% 14% Am Tel & Cable (5)..100s 27 27 Am Tel & T 9). 103 266% 254% Am Tobacco (8)..... 114 239 239 Am Tobacco B (8). 2 2401 236 Am Tobacco pf (6) 123% 123 Am Type Fdry (8).. 136 136 Am Water Wks (n1). 180 124% 1203 Am Woo! 5 4 1% 4% Am Woolen pf.... 38 37 Am Writ Paper ctf 2 ™ T AmZinc Ld & 8m 184 18 Anaconda Cop (7)... 381 66% 63 Anaconda W&C (3).. Anchor Cap (2.40)... Andes Copper (3). Archer-Dan-M (3).. Armour of Il (A). Armour of Ill (B). Arnold Constable Aseo Appl Ind (4 Asso Dry G (3%). 12% 118 40% 40% 4914 48 2 234% 332y 2 66 62% Atl Refining (12).. P ). Atlas Stores (1). 64 Atlas Tack....... Auburn Auto (§4). Nichols. .. Austin Nichols pf... Austrian Cred (4.49). Autosales Auto-Strop Saf R(3) Aviation Corp of Del Baldwin Loco (1%). 10 32% 31% Baldwin Loco pf (7). 10s 114 114 Baito & Ohle (7).... 9§ 116% 116 Balto & Ohlopf (4).. 2 813 811 Bamberger pf (6%). 10s 109% 109% Bang & Aroos (3%). 10 79% 7815 Barnsdall, A (2).... 36 31% 31 Bayuk Cgr 18t pf(7). 20s 98% 98% Beacon Of! . 3 204 19 Beatrice Cream (4).. 2 89% 89 Beech-Nut Pkg (3)... 3 64's 641 Belg NRyptpf5.49. 2 84 84 Bendix Aviation (2). 18 524 51% Best & Co (2).. 10 52% 51% Bethlehem St. 16 103% 101% 2 130 130% 62 4% 4% Booth Fish 1st pf. Borden Co (k3) Borg Warner (4) Briggs Mfg Co. Briggs & Strat (2) British Empire Steel. British Em Stl 2d pf. Brockway Motor Trk Bklyn-Manhat (4). .. Bklyn Man Tr pf (6). Bklyn Union Gas (5) Bruns-Balk-Col. . 2 92 92 10 169%, 168 5 22 22 68 33% 29% 5 28% 281 4 41% 4l 10 14% 14% 2 14 13% 47 69 66% 50 39 38y Bucyrus (1). Bulova Watch (3 9915 Burns Bros (A) ( 2 105% 105% 41% Burr Add Mch (1)... 15 46 4b% 100% Bush Term deb (7).. 10s 107 107 109% Bush T BId pf (7)... 40s 115 115 31 Butte Superior 4 3% 3y 16% Butterick Co. .2 23% 234 804 Byers (A M)........ 283 110% 107% 109 Byers (AM) pf (7)... 90s 111 111 66% Calif Packing (4). 4 75 T4% Calumet & Ariz (8) Calumet&Hec(ad% Campbell Wyant (2) Canada Dry G A (5). Canadjan Pacific(10) Cannon Mills (2.80). Car Clin & O sta (5) . Case (J 1) (6 Case (J 1) pf (7).... 608 1265 1261 Caterpilir Trac 13%. 13 77% 76% Cavanagh-D pf(6%). 108 71l 71y 4 Celotex (3) 2 49 49 Cerro de Pasco (6) 10 56 55 Certain-teed Prod... 10% Certain-teed pf. . Checker Cab (4.20).. Ches & Ohio (10).... Ches & Ohfo Corp (3) 10 77% 77% 4 Chi & Alton . 8 8 88 Chi Great Western Chi Great Westn pf.. Chi Ind & Lou pf(4) Chi Mil StP & Pa 37% Chi Mil StP & P; 8315 Chicago & N W ( 2213 Chi Pneu Tool. . 114 ChiRI&Pac(7).... 100% Chi R 1 & Pac pt (6). sha Cot O (3). 10% 2 431 43 t L pf (5). 105 30 Cluett-Peabody (5).. 2 50% 5013 133% Coea-Cola (6) .. 10 184% 182 481 Coea-Cola A (3) 2 14% Colitns & Aikman. 73 Collins & Afk pf (7). 361 Col Fuel & Iron (2).. 80' Col Gas & EI (2).... 104% Col Gas & EI pt A(6) 24% Columb Graph (87¢) . 16814 Columbian Carb (16) 4 180% 177% 3% Comm Credit «2) 10 36% 354 31% Comm Credit A (3).. a1y 36% Comm Inv Tregl 60) ke 11 Comm Inv Trust war 27% Comm Solvents (11) 12% Comwith & Sou(60¢) 170 194 99 Cmwlith & Sou pf (6) 10 102% 13% Congoleum-Nairn... 87 181 45 CongressCgr (15%). 4 47Th 44w 44 Consol Cigar (7).... 10 50k 50w 15% Consol Film (2) 10 26% 26% 18 Consol Filmpf (3).. 3 24% 244 96% Consol Gas N Y (4).. 317 133% 130% 49 Con RRCubpf(6).. 2 61 61 1 Consol Textile. .... 14 1% 12 ContainercA) (1.20). 4% Container«B). . ... 301 Contl Bakink (A) 5% Contl Baking (B). .. 5 83 Contl Baking pf (8). : 79 50t Contl Can (2%). . 16 6615 66% 28 Contl Dia Fibre (3).. 104 37% 34% 35 35 Al 98 CCC& 301 114% 175% 120% ¢ Fairbanks Morse 6 4 2 Crosley Radlo (1) 5 6 Cuba Cane Sugar. 2 Cuba Cane Sug pf. 1 2 Cuba R R pf (6) 08 Cuban-Amer Sugar 2 Curtis Publish (16%) 1 Curtiss Wright Corp 203 Curt Wright Corp A. 40 Cutler-Hammer(3%) Del Lack & Wn (17). ver & RG W pf.. Detroit Edison (8). . Diamond Match (3). Dome Mines (1)..... Dominion Strs (1.20) Drug Corporatn (4). Dunhill Intl (34).... Du Pont de N (14.70) Dupont deN db pf(6) Eastman Kodak (18) sastman Kod pf (6). Eaton Axle &8 (3).. Elec Auto Lite (6). Electric Boat. El Pwr & Lt (1) El Pwr & Ltpt (7).. Endicott-John pt (7) Eng Pub Serv ($1).. Eng Pub Sve pf(5%) Eng Pub 8 ctfs (31). Equitable Bldg (2%) ErfoRR.ccoococene Eureka Carp Cl (4).. Evans Auto Ldg 2%. Fairbanks Co pf. Fairbanks Co. o PN a0 A 1S 2 5 ) h Pk Asso pf (7). Fed Lt & Tre (31%). Fed Motor Tr (80c) . Fed Wat B, A (2.40) Federated Dept Strs. Fid Pho Fire 1(2.60). Fifth Ave Bus (64¢). Firestone T&R(1.60) Firestone T&R pf(6) First Nat Strs (2%). » ® pS s R ABNR RS~ 47 696 Freeport, Tex (15).. 16 Gabriel 8nub (A).... 1 Gardner Motor...... 2 Gen Am Investors. .. Gen Am Inv pf (6)... Gen Am Tnk Car(34) Gen Asphalt (4)..... Gen Bronze (2). Cable (A) ( n Cigar (4). Gen Electric ( e Gen Elec spec (60c). Food Corp (3)... Gen Mills (3). Gen Mlils pt (6) Gen Motors (13.30).. Gen Motors pf (8). Gen Motors pt (7) Gen PublicSve (b6).. Gen Ry Signal () Gen Realty & Util Gen Refrac (14%). Theat Equip vtc. Gillette Saf Raz(n§). Gimbel Bfothe: . Gimbel Bros pf (7). Glidden Co (h2) Glidden pr pf (7). Gobel (Adolf).. Gold Dust (234) Gold Dust pf (6).... Goodrich (BF) (4).. Goodrich (BF) pf (7) Goodyear Tire (6)... Goopdyear 1st pf (7). Gotham Silk H (2%) Gould Coupler. Granby Copper (8) . Grand Silver Strs(1) Grand Union........ Grand Union pf (3).. Granite City Stl (4). Grant (W T) (1). orth pf (5).... Grt North pf et (6).. GtNetfsOP (a3%). Grt West Sug (2.80) Grigsby Grunow.... Gulf Mo & N pf (6). Gulf States Steel (4) Hahn Dept Stores. .. Hahn Dept 8 pf(63%) Hall (WF) Ptg (m1) 1 Harbison Walk(23% ) 26308 71% Hartman (B) (1.20). 12 16% Hayes Body........ 15% Helme (G W) pf (7).110s 135 Hercules Mot (1.80). 2 Hershey Choc (5)... 60 Hershey Choc pf (15) Hershey Ch pr pf(6). Hollander Sons. ... Houdallle Her B(2).. Houston Ol & Howe Sound (143).. Hud&Man Ry (3.50). Hudson Motor (5)... H'hold Fin pf (13%). Hupp Motor Car (2). Illinois Central (7).. Independ Oli & G(2). {nd Motor Cycle indian Refining. Indian Refining Ingersoll Rand (4).. Inland Steel (4).. Inspiration Cop (4) Insurance Sh (45c) .. Interboro Rap Tran. Intl Bus Mach (n6 Int] Carriers. .. Intl Cement (4) Intl Combustion. ... Intl Harvester (2%). Intl Hydro El A (e2) Intl Match pt (4).... Intl Mer Marine (1). Intl Nickl of Can(1). Intl Nick. Can p£(7). Intl Pap & P (A)2.4 4 Intl Pap & Pwr (B) Intl Pap & Pwr (C).. Intl Printing Ink (3) Intl Print Ink pf (6). 20 Intl Salt (8) 150; Intl Silver (18 Intl Silver pf (7). intl Tel & Teleg (2). Inter Dept Strs (3).. Investors Equity (2). Island Creek Coal(4) J.;«ll Tea (4). . Jordan Motor Car. Karstadt (R) (1.02). Kayser Julius (4) Keith-Albee-Orph. Keith-Albee-O pf(7). Kelly-Spring Tire Kelyey Hayes (2) Kelvinator Corp. Kendall Co pf (6) Kennecott Cop (5).. 123 Kimberly-Clark(13). Kroger Gr&Rak(n1). 114 Lago Of1 & Trs 2 Lambert Co (8) Lee Rubber & Tir Leh Port Cm pf (7). Lehigh Valley Coal. . Leh Val Coal pf (3). Lehigh Valley(143%) Lehman Corporation Lehn & Fink (3). Ine (3).. Ine pf (6%). Loew's pf xw (6%). . (Continued on Page 14), BY STANLEY W. PRENOSIL. NEW YORK, April 23.—The stock market opened with an outburst of strength today, turned reactionary around midday, when fresh selling de- veloped in the copper shares, and then rallied again in the early afternoon un- der the leadership of the amusements and public utilities. Trading was in fairly heavy volume, with the ticker running about 15 minutes behind the market. “There was little in the day’s business news to influence the price movement. Arthur Reynolds, Chicago banker, was quoted as saying that ~business is im- proving more slowly than optimists would ?nve us believe, but, nevertheless, it is improving and, in my opinion, will continue to improve .with 'prob‘bly no considerable upturn until after July 1.” A rebound in wheat prices had a favor- able effect on speculative sentiment, but most of the day’s earnings tegonl made unfavorable comparisons with the first quarter of last year. Many of the leading commission houses exfruud the opinion that the recent selling was in the nature of a correction of a weakened technical po- sition and that the market was in a much beter position as a result of the shake-out. A drop in call money from 4 to 314 per cent, with loans available in the outside market as low as 3 per cent, had a favorable effect on senti- ment and probably provided some stim- ulus to pool operations. In the mid-day selling, Anaconda, Kennecott and some of the other cop- rs sank to new lows for the year. Eemndlum Steel and Pittsburgh Coal each dropped more than 5 points, the latter touching a new low. Union Car- bide fell 3 points and United States Steel common, American Can, Radio and some of the other leaders sold down a point or two, but most of them made good recovery in the early aft- ernoon rally. J. 1. Case was again a spectacular feature, adding nearly 10 points to its recent sharp gain by touching another new high at 362%. Diamond Match soared 11 points to 230, and Keith:Al- bee-orPheum preferred jumped 12'a to 141, all new hs. Worthington Pump, Allied Chemical, Peoples Gas and Radio- Keith-Orpheum sold 5 to 9 points high- er, the last named attaining a new peak at 47%. ‘Associated Dry Goods, Brunswick Ter- minal, Transcontinental Oil, New York Dock, Texas & Pacific Railroad, Mc- Keesport Tin Plate, Loew's, Pathe jssues and Fox Film all moved into new high und on gains ranging from 1 to near- ly 5 points. NEW SECURITIES NEW YORK, April 23 (P)—New security offerings today includ General Theaters Equipment, Inc., $30,000,000 10-year 6 per cent con- vertbile gold debentures, dated April 1, 1930, and due April 1, 1940; priced at 99% and interest, ylelding more than L8 She ‘Snese Becurls p composed of the url- t.‘;r:“carpouunn, Halsey, Stuart & Co. and others. The Delaware & Hudson Co., $10,- 000,000 first and refunding mortgage 4 per cent gold bonds, due May 1, 1943; iced at 93 and accrued interest, to yield about 4.73 per cent to maturity. Offered by Kuhn, Loeb & Co. and the First National Bank. NEW YORK BANK STOCKS YORK, April 23 (#)—Over- the-counter market: Bid. Asked America Bk of U 14505 22 30 161 ——— The Bank of Commerce & Savings has placed new iron grill work at the windows. The directors decided that the bank needed better protection in the Summer when so many windows are wide open. “Rul Estate Loans Made Linkins Co. Fiitiey Building & Loan Association On % Savings and fully participate in surplus earnings Mail coupon for information Fidelity Bldg. & Loan Assn. 200 Natl. Press Bldg. Washington, D. C. Are Receiving Name ..oeoocrasssccvncicasanannns Address (Telephone Directory Omission) Money TO Loan on Property in the District of Columbia First Trust Only Immediate Attention Wm. H. Saunders Co., Inc. 1433 K St. NW. Dist. 1015 ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & La. Ave. N.W. - 64th Issue of Stock Now Open (-rlblnfinlu:' Money loaned to members on easy monthly payments James E. Connelly Shea James President Secr First Mortgage Money for BUILDING LOANS or IMPROVED PROPERTY ‘ Reasonable Rates Prompt Action B. F. SAUL CO. 925 15th Se. Nat'l 2100 e e T\ The Commercial National Bank Savings Deposits Bear Interest on Daily Balances from Day of Deposit to Day of Withdrawal. Com- pare this method with usual method of comput tion. Call and let us ex- plain. Other Departments are equipped to serve you in all banking and fiduciary matters. The Bank of Personal Service 14th & G Sts. N.W. Resources Over $20,000,000 \ WADE B COOPER. Prestdent / INVEST YOUR FUNDS Where There’s Safety and Liberal Returns Guaranty First Mortgage notes and _bonds are high character 1 securitles, issued 2 to yleld 6% %, se- cured by first mortgages on im- roved real astate | PerCent n Washington and suburbs. Denominations from $250 up May Be Purchased on Monthly Payments Send for Booklet— The Success Plan REAL ESTATE LOANS REALESTATE |ORTGAGE & GUARANTY' - CORPORATION Capital Resources over $3,800,000 24 JACKSON P.LACE O OO OTOTR O T Equitable Co-operative Bldg. Assn. Organized 1879 JOHN JOY EDSON, President Amets................$5723,083.61 50th YEAR COMPLETED WALTER 8. PRATT, Jr., Secretary Surplus & Profits $1,755,911.57 Subseription for the 98th Issue of Stock Being Received gt | [T $50 PER SHARE Let Each Pay Day Be a Day to Save ~The men and women who ac- complish things are those who know how to save. right now. . Start saving Join the Equitable 915 F St. N.W. First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. JAMES F. SHEA 643 Louisiana Ave. N.W. We Solicit the Rental Management of Your Property Whether Apartment, Residence or Business Prompt Collections RENTS REMITTED THE DAY RECEIVED Our Rental Department is Most Complete and Efficient. We offer co-operation at all times in the solution of Ownership Problems, such as refinancing your mortgage, repairs, insurance, etc. RANDALL H. HAGNER & COMPANY, Mortgage Loan Correspondent New York Life Insurance Company 1321 Connecticut Ave. N.W. Phone Decatur 3600 Have You Figured the Cost? WHEN making a Real Estate Loan you should get the best terms at the most reasonable cost. As Mortgage Loan Correspondent for the Metropolitan Life Insurance Company, we have ample funds available to loan to home buyers in the District of Columbia and nearby Maryland and Virginia, Consult 809 15th St. N.W. District 9486 Mortgage Loan Correspondent Metropolitan_Life Insurance Company SAFE T MORTGAGES INVESTMENT THAT DOES NOT NEED WATCHING There is one type of invest- ment that does not need watch- ing. Our FIRST MORTGAGES are as safe as anything can be. Supporting them and insuring the security of your money is improved real estate that we have satisfied our judgment of its competent value. And there’s no fluctuation in interest—the stipulated amount is paid throughout the entire life of the mortgage—and you will receive a check at regular semi- annual intervals. B. F. SAUL CO. National 2100 925 15th St. N.W. THERE IS NO SUBSTITUTE FOR SAFETY Refinancing at 3% offers the adventages of a longer loan term, and a lower interest rate . . May we prove {o you, in detail, the sub- stantial savings possible through five and one- half per cent financing. for “The Prudential” Prompt approvals — Valucble prepayment privileges — Throo-year loans on newer propertics withou! emertisation H. L. Rust Company 1001 Fifteenth Street National 8100 ESTABLISHED 1889