Evening Star Newspaper, May 12, 1930, Page 15

| 1SSUES CONTINLES Utilities, Coppers and 0l [ Stocks Participate in Upward Trend. BY JOHN A. CRONE. Wpecial Dispatch to The Star. NEW YORK, May 12.—The Curb Ex- fehange resumed its recovery today, but Temained dull dfllblle the better tone and 313 per cent call money. Utllities, coppers and olls provided the ost interesting movements. © _ Electric Bond & Share, after - Ing lower, rallied and lnllntlinmu early recovery fairly well. American & Foreign Power and United Light & Power A also came in for increasing attention. Cities Service and Standard Ofl of Indiana moved within a frac- tional range. Lone Star Gas led buying in natural gas shares. This company is about to acquire several smaller concerns, whose shares likewise advanced. The increase in price of red metal brought short coverings and some buy- ing of copper securities. The Ford up attracted the biggest following the motor list. ‘The Goldman-Sachs group of trad- ing corporations, especially Blue Ridge and Shenandoah, turned active as a Tesult of earning reports. Blue Ridge reported first quarter income of $3,801,- 870 and stated that as of April 30 value of net assets was $158,728,432, an appreciation of $30,204,63¢ since the close of 1929, Shenandoah reported consolidated g fit, including its subsidiary, Blue ld‘e of $3,165,085 for first quarter. Value of net assets as of April 30 amounted to $139,821,087, an appre- alflon of $41,448,964 in the first quar- . All-America General Corporation bet- tered its previous peak by a fractional gain. Marine Midland, Transamerica Corporation and Prudential Investors also moved higher in early trading. Aluminum Co. America and Aluminum, Ltd., with early gains of 15 and 13 points, respectively, featured the higher priced industrials. Deere & Co. new continued active, but lacked the wide swings of recent sessions. Notice—All stocks are sold in one hundred-share lots excepting those designated by the leller a5 (658) (285) Which shows those stocks to be sold In odd lots only, ~Prev. 1930~ Btock and Sales— High, Low. Dividend Rate. Add 36% 33% Addressograph (1%) 2% ‘Air Investors (War). 1s Alabama Pwr pf (7). 23% All Am Gen Corp. M Allegheny Gas. % Allison Drug St (B)« 105% Alu Coof Am pf (8). 108 Aluminum Co, Ltd.. 19% Alumn Goods (1.20) 5 Am Beverage.. T4 Am Capital (B) 374 Am Cit P&L(A)(a3) Am C P&L(B)(10%) ‘Am Com I'(A) b10%. Am Co'wlth Pwr war Am Cwlth P(B)10% Am Control Oil ,'Ifll. Close. 36% 2% 118 21% 6% L 115 203 00. Open. High. 2 85% B5% SM‘ 1 2% 2% 2% 115 lli 115 21% 6% L] % 109 115 232 244 Pwi Am Gas & Elec (31). Am Hard Rubber(6) mo- Am Laund Mach(4) .. 26- Am Lt&Trae (n) Am Maize Prod (2) Am Maricabo Am Natural Ga Am Pneumatic Sve.. Am Superpwr (1)... 94% A.n Super 15t pt (6). 10% Am U&Gen B vic 400 3 Am Yvette (n) w.... 9% Anchor P F (b10%). 15% Anglo Chil Nitrate.. 10% Appalachian Gas 94 Arcturus Rad Tube, 8% Arkansas Nat Ga. 16% 8% Ark Nat Gas (A). 109 102 Ark P &Lt pf (7) 8% 1% Asso Dyeing & Ptg.. 8 5% Asso Elec Ind (30¢). 51% 41% Asso Gas & Elec (n). 46 854 Asso G&E (A) 12.40. 147% 125 Asso Gas&El ctfs(8) 2 1 Asso Laund (120¢).. 60% 39% Asso Rayon pf (6).. 28% 254 Asso Tel Util (b7%). 14% Atlas Util Corp..... Atl Coast Fish (1.40) Auto Music A(11.05) Aviation Corp of Am Bancomit new (1.60) Bellanca Aircraft. Bell Telof Can (8). Bickford's.Inc vf 2 Bigelow-Hartford. 28% 16% BONDS ON THE CURB MARKE' B cunas 5T 318 High, Low. Close. 3 Alabama Pow, 58 S, S 0Q; (> 5, : 8 k % § }gu & 383225 3 e E & ud S W 53 L 3335 ueuass5Seapes g Gk 233338 5 3! 3 S sisaeeEtatss: FEEGF ELPRPCE e B SR ST 838333238 & o W ETaEEE P SO SRR NN <353 2 10% Butler Bros (30c). Buszza Clark, Inc. Bwana M Kubwi Cable Radlo T v.t.e. Canada Marconi. Can Pacific(new) w.l % Carib Syndicate. 25% Cent Pub Sve. Del 33% Cent P 8 (A) (a1.75) Cent States Elec 3400 10 Chain&Gen Equitie: 20% Chathm Phoe Al B-v, 20 Chem Nat Asson-v. HB% 106% Childs Co pt (7).....1008 44 264 Cities Service(330c) 330 93% 88 Cities Srvopf (6)... 9 &% Cit Sve pf B (60c. 61% Clev El Illum (1. W Colombia Syndicats 16% Colum Oil&Gas w.i. 24 Columbia Plc (31%). 42% Colum Pic v.t.c.(1%) 8% Com'with & Sou war. 12% Comm Wat 8¢ 8% 3 Consol Auto Merch. . 18% Cons Datry Prod (2) 90% Con Gas, Balto(3.60) 10% Con Gas UtiLB v.t.e.. 10 Consol Laundries. ... S0k weHoNANNan.s CT T warmBON® - (=T T9rN ELEE T ST PN TS Bes: 5 Copeland Prod,Inc A. 10% Cord Corp. Cold‘.ll Oil... g Barmad & Cuban Cane propt w 15 Cuban Tob v.t.c. (2) 84 Cueno Press (2%). 1% Curtiss Wright wara ox Mining..ee 12% T4 Darby Petrolm (1).. 8w 3 Dayton Alr&Eng... 162% 113 Deere & Co (11.20). 8% 2% De Forest Radio. 1 8% 28% Dres(SR)MIg A3%. 38% Dresser (SR) B (2).. 41 Driver Harris(new). 8 Dubilier Cond & Rad 4% Durant Motors...... 25% Eastn GEF Asst 18% Eastn Sta Pwr 7% Eastn Util Inv (A) 18% Eisler Eelectric(1% % 80 El Bond & 8h (b6).. 108% El Bond & Sh pf ( 24% Elec Pwr Asso (1). 22% Elec Pwr Asso A (1). 28% Eles Pwr & L op war. 16% Elec Shareholdg(31) 15 Eelectrographic (2 304 EBS, Inc An-v(2) mRemanBanitos Su ramCOANANIOH®EN OO 43 7% Euro Elec deb rts... 2 Fabrics Fininshing.. 3 Fairchild Aviation, 14 Fandango Corp. . n Flintkote (A) (1%). 13% Fokker Alreraft... 28 Ford Motor, Can(A). 64 Ford Mot of France.. 10k Ford Mor,Ltd. 37 %e. 214 Foundation For Sh 21 Fox Theater Cl (A). 2% Galena Of1 Corp wi.. 20 Garlock Pkg (1.20).. 6% Gen Alloys une) 2% General B 34 Gon Baking pf 10% Gen E. Ltd rets(50e) 21 Gen Empire Corp..., 8 Gen Indus Alcohol. « 6 Gen Laundry Mach. 95% Gen Mot pf new w.i.w 20 Gen W W&E(A) (3), 98 Glen Alden Coal 11% Globs Underwriter: % Gold Coin. 3_ Golden Cente: 3% Goldfield Con: 24 Goldman Sach: 2% Gold Seal Ele 80 Gorham, Inc pt (3) 1% Goth Knitback Mach 7 Grand Rap Var (1).. 220% Gr A& P To-v (6).. = - 2 Selunaluran HEw - e g e o 03 puyeres T i M 83 S 29% 27% Guenther Law (2) 166% 131% Gulf Oll of Pa(1%).. % Happiness Candy..a 18% Hazeltine Corp (2).a 11t Hecia Mining (1).... Sales— NGTON, D. €., MONDAY, MAY 12, 1930. Add 89. Open. - Close. Lily Tulip Cup 1%... Lion Oil Refin (2)..s Loew's, Inc, debrts.. Loew's. Ino (war). Lone Star Gas (1). Long Isl Light(60c). Louisiana Lan & Ex. MacMarr Stores (1). Mfg Finance v.t. Marine Mid (1.20)... Marion Steam Shov.. Mavis Bottling. . Mayflower Asso (32) Mead Johnson(13%) Memphis Nat Gas... Mer Cha & § (1.60) Mesabl Iron. .. 3 Met Chain Stores. ... Met & Min, Inc(1.20) Met Edison pf (6)... Mid Wat Util(b3%) . Mid Wat Uti] A war. Mid Wst Util B war. 25 MIAW Sta Ut (1%). 7% Mid Sts Pet v.t.c. A.. 4% Mid Sts Pet v.t.c. B.. 16'» Mid Royity cv pf(2). 1% Min Corp of C (25¢).. lano}\-n PL(b10%). MoK&TPL (UB).. Mount Prod(1.60). Natl Amer Co....... Nat] Aviation. Natl Fam Strs(1.60). Natl Fam S pf (2). Natl Food Prod (A).. Natl Fuel Gas (1)... Natl Investors(new) Natl Pub Sv A(1.60). Natl Rub Mach (2) 1Screen Sve(2).. atl Short Trm SecA Natl Steel x-war(2).. Natl Sugar, NJ (2).. Natl Trade Journal.. Natl Transit (1).... Natl Union Radlo. ... el Oscar 1% . t, Inc. cv A (1. 50) Neisner Bros pf (7). Nevada Cal Elec..... New Brad Ofl (50c). NJZine (12%)..... Newmont Min (14) » T T N e L BT T » 1% H oo - » PISTTIETST =g - I VTS - IS P rort o S H Niag Hud Pwr B war Niag Shars Md(40e). ‘Niles-Bement-P t2 No Am Aviat 85 Nor Am L&P pf (6 954 Nor Sta Pwr pf (7)., 22% Novadel Angene (2).. % Ohio Copper. 664 Ohlo O11 (4). 10% Outbd Mot(A) (1. IO). 3% Outboard Motor (B). 49 Pac Coast Bis pt 3.50 264 Pac G&Ellstpf13. 27% Pac Pub Sve (1.30).. » e L TTE T ST TP R T - ST Param’t Cab(b8%).. Parke Davis(11.46).. Pennroad COrp. ..... Penn-Oh Pwr pt (6)., Pa Water&Pwr(3).. Petrol Corp (1%4)..0 Petrol Corp war..... Philip Morris, In¢ Pie Bakof Am A (2). Pllot Ra T(A)(1.20). Pitney B P, n (20¢ Pitts Plate Gla: Polymet Mfg ¢ Power Securit! Premier Gold (tle) . Prince & Whitely 1., Wh! (3). oot Prudential Invest. Pub Util Hold w w. Rafliroad Shares. Rainbow Lu Prod A. Rainbow Lu Prod B. Reiter-Foster(40c). . Reliance Int Corp(B) PETT LT RTI Co Ryan Consolidated. ., St Regis Paper (1).. Sait Creek Con(40¢). v T T R PUeT jeiberling Rubber. .. Selected Industries.; Sentry Safety Cont.. Shattuck Den Min. .. Shenandoah Corp. .. Shenan Corp pf (al). Silica Gel Ctfs. Singer Mfg ("C) . Sisto Fini Corp. South Coast vean SBouth Penn O1l (13% 80 Col Pwr (A) (2).. Southern Ice Ut (B) So Pipe Line (1. . S W Gas Utilith . S W Penn P&L (1).. §td Cap&S new(2.40) Standard Motors. ... Stand O1l, Ind (3% ). Stand Ofl Ky. (1.60). Stand Ofl, Neb.(13%) Stand Oil, Ohlo(2%). Starrett Corp. s O T =1 - 5 Stutz Motor Car. Sunray Ofl (40¢c) Swift & Co new (3).. Swift Internatl(3%) ‘Tampa Electric ($3) Technicolor, Ine. ... Teck Hughes (600).. Tennessee Prod....s Texon Oil & Land. .. Thatcher Sec Corp.. Thermoid Co pf (7).. Timk Det Axle pf(7) ‘Tobacco & All Stks.. Tonopah Belmont. ... Transamer.(31.60). . Tran Con Afr Tran.. Tr-Lux DLP8(A).. Trd Utlith Tri Utilities p: Trunz Pork 8 (1.60) o Ulen & Co. .. Union Am Invest. ‘Un Nat Gas, Can 1. ‘Union Tobaceo. Unit Car Fastnr (80¢) United Corp (War).. Unitt Dry Docks.... United Eelec Service Utd Founders(b3.35) United Gas Co. . United Gas Co (new) United Gas (war)... United Gas pf (7). ... United Gas Co c.o.d.. 12 22% 115 CHICAGO STOCK MARKET By the Associated Press, CHICAGO, May 12.—Following is the complete official list of transactions in stocks on the Chicago Stock Exchange today: sales. OeK 1sonumm-n i “inter. 3% A Mot_Ind. High. Low. Close, 3!‘-. Chil lsnnn Clties Service . 0 Gl Aluminum 100 Colombia Bict, 230 Commonwlth Edison.. 320 ~ 44 0 Great Lal 5% 338 Great Lakes Dredse. 28, t}mfl Grigsby-Grun SALVAGE YIELDS FORTUNE TO THRIFTY INDUSTRIES By the Associated Press. The practice of thrift by American industry nets at least $750,000,000, ac- cording to the Department of Com- merce, through the salvaging of m: terial from scrap heaps and refuse con- tainers, The Bureau of Mines of the depart- ment estimates that half a billion dol lars is saved through reclaiming scrap iron and steel and an additional quarter of a billion is gained through reclaim- ing other common metals. The salvaging of waste is an industry in itself, according to J. P. Dunlop of the_bureau, although not recognized as such, and is an important factor in the supply of raw material and helps to reduce the cost of many products. WHEAT BENEFITED BY SOAKING RAINS Reports From Midwest Indicate Average Yield Is Now in Prospect. pecial Dispatch to The Star. KANSAS CITY, Mo, May 12.—No immediate complaint of lack of mois- ture over the wheat belt can be made, soaking rains having covered practi- cally every section of the Southwest in the last week. Wheat is making a strong growth, and while the optimistic promises of three months ago are not likely to be fulfilled the yield will ap- parently be fairly average—providing, of course, that normal conditions con- tinue. ‘The discouraging price level is the most serious problem, and how the pro- ducer, especially on high priced land, is to attain buying power for Autumn is uncertain. A large holdover of last year's crop is still farmers’ hands, some estimate as high as 25 per cent, axxxxt‘i this, too, is to go to market some e. Naturally, this affects trade and the distributing agencies report a moder- ate movement of merchandise with a distinct unwillingness on the part of retailers to make long-time commit- % | ments. Usually this period is one of 3 2252 52 i ldllnfl idiand BHi 9% 5::5::;::::: G Asourcasicy ettt 55 e e 310 a. pood P ‘Hiec 5 -'-'m:-n:::.’: E §:.‘f=..:—'.r.-=::=s - 2, w HIR A TR & (3 Gk SR 0 osaiins - SERESR L BEIER L EIREERRRRRS, FEER asues b BB ! & FEEE S SRR SERE wEigRYs BEIZNNE,_nuNee S A e & FEAE RVRS, & OFE 2RBREES,! P R o S S = Mm 140 S ;«"'u’{m"umu today, GRAIN MARKET CHICAGO, May 12 (Special).—The wheat market had a strong finish to- day under covering by shorts. Profit taking sales and aemn‘ credited to a leading local professional held the ad- vance in check. The decrease of 6,- 548,000 bushels in the visible 'upply failed to have much influence on market. Closing :Pflc" were 3 to 1%, hzr May, 1.033; to 1.023; July, 1.04 1.04%; Seplembfl‘. 101% to 101% December, 1 Corn cloud B’ to 1 hinwr. May, September, 875: July, 80 to 80 8075: December, 75%. Oats closed Vg to higher. May, 42; July 41% to dT%; September, e Siased 3% to 8 higher. SILVER QUOTATIONS. o YORK, May 12 (#).—Bar silver, | 4034 : December, 4: To interest American producers In scenes of Slamese daily life, a group of amateur photographers recently sent several th.yuslnd feet of film from Siam ¥ | to this country. SAFE FIRST activity in preparation for Summer, but thus far Spring has been somewhat behind last year's record. The source of activity through much of the grass country is the cattle trade, tens of thousands of Texas and Okla- homa cattle being shipped northward for Summer pasture. At the same time the feeders are sending their stock, fed through the Winter, to market. Com- med with grains, the livestock market held up well and competent man- agement has brought profits. Indeed !t is about the one cheerful spot in the producer’s situation at 5. (Copyright, 1930) Markets at a Glance NEW YORK, May 12 (#).—Stocks irregular; United States Steel sold on tonnage reduction. Bonds steady and dull. Curb 1rren|hr Shenandoah rises nearly 2 Foreign exchanm irregular; lud.m European rates steady. Cotton lneluhr selling near months and buying distant. Sugar easy; poor spot demand. Coffee lower; European _selling. CHICAGO, May 12 (#).—Wheat firm; forecast frost Kansas and decreased visible supply. Corn firm; rain delaying lanting. Cattle lower., Hogs weak to lower. MAKE MONEY WITH MONEY You are not speculatmg when you buy our 6% FIRST MORTGAGES NEW YORK COTTON NEW YORK, May 12 (Speci: There was a violent upheaval in the cotton market today when old crops months broke npldly, while new crop deliveries rose even more As a result of the upheaval, the July-October spread, which was 200 points a week ago, narrowed to 85 ints, and under a I volume of usiness and nervous ling July ended with a loss of 80 points, while old October gained 40 points on the day. Professional operations in undo- ing straddles between the crops upset the market. Spots were reduced 25 points to 16.30. Cotton range: i Baes i IRON AND STEEL PRICES. NEW YORK, May 12 (Special).— Boiled down to essentials, the statements of representatives of the iron and steel industry meetin"h:n New York. indicate the probability t prices may be sta- bilized around theepresent level nnd that consumers of iron and steel ucts may begin lated in the S w buy for forward delivery. is has given a little fillip to the steel shares :m made the shorts in them more cau- 5. NEW YORK BANK STOCKS NEW YORK, May 12 (#)—Bid and asked prices on the stocks of leading New York national banks and trust companies follow: ank of Ameri city. TRUST COMPANIES. National Bankers' MORTGAGES FINANCIAL, USES OF COTTON CLOTH HAVE SHOWN INCREASE By the Associated Press, NEW YORK, May 12.—Despite the decrees of fashion and the popullflly of other fabrics, the average uses more cotton cloth than did hh ancestors 30 years ago, according to the Conon-Texule Institute. ‘The fact that per capita consump- tion of cotton cloth is nearly 20 per cent greater than it was in 1900, d spite the decline in its use for we: ing apparel is explained by Paul B. Halstead, secretary of the institute. “The answer is” explains Mr. stead,” that extensive new markets for cotton goods, notably in the manufac- ture of automobiles, artificial leather, rubberized fabrics and home decora- tion has offset the decline in consump- tion of cotton for wearing apparel.” T $132,816,000 BONDS MARKETED IN WEEK Public Utilities Finaneing Leads in Heavy Volume of New Offerings. Special Dispatch to The Star. NEW YORK, May 12.—New offerings of honds for the third consecutive week have exceeded $100,000,000. This week’s new bond financing aggregated $132,- 816,000, compared with $171,743,000 last week and $144,527,000 in the previous week, and with $106,712,358 in the cor- responding week last year. In addi- tion, several municipal issues were placed privately. For the first time since early in March, public utility financing led all groups. The largest utility issue this week was $25,000,000 5s, which were priced at 98, to net 5.14 per cent. This issue was the largest single plece of financing of any category this week. ‘The other utilities issues included $6,- 700,000 Appalachian Gas Corporation 6s ::nd 632 ,500,000 Towa Southern Utilities o. Due to the offering of an issue of 819775000 ‘Westchester County, New York, and Il%c municipal financ- ing nnked second this week, with 11 separate issues offered. Several impor- tant municipal issues awarded in the last few days will be placed on the market next week. Railroad flnancing this week con- sisted of issues of equipment trust cer- tificates for the Chesapeake & Ohlo, the Reading and the Pere Marquette. All of these were 4%s and were cffered at prices to net 4 to 4.55 per cent Only one fore] loan was g the market, ‘was $17,581,000 Rem\bllc of Uruguay 6s of 1964, priced at 98, to yleld 6.15 per cent. It was reported that it was oversubscribed, with approxi- "'m $9,000,000 of the issue placed NEW SECURITIES NEW YORK, May 12 (P).—New se- cu{ll’tllea ofle‘l"ed today include: apanese government, $50,- 000,000 57> per cent gold bonds, priced at 90 and accrued interest to yield 6.20 per cent to maturity, by J. P. Morgan & Co. and syndicate. New England Gas & llecme Asso- clation, $20,000,000 cent des bemurn, priced at 31 md intereat to yleld more than_5.75 per cent by Harris, Forbes & Co. and syn City of Port Arthur Tex 32 ”0 000 5 cent bonds to yleld ‘from 4 to per cent, by Eldredge & Co Hudmn umy. N. J., $3,100,000 4% per cent bonds to R{ feld “from 3.75 to dlb per cent, by dredza & Co. md M. M. Freeman & City of Coral Glblu, P'IA $1,250.000 8 per cent bonds to yield uwns per unc.og.y syndicate headed by H. PSS City Ice & Fuel Co. irchased the North Boroughs Ice Co. o&lhvun. wxr A_IS COMMODITY PRICES CONTINUE T0 SAG Last Week’s Figures Show a Further Decline in Basic Materials. BY H. N. McGILL, Editor of McGill Commodity Service. A!JBURNDALI Mass., May 12 (P).— trend has ) Tmmmr.uf"“ " prices reached another new low. Ten. years ago the average of all rflcas was 140 per cent over the 1013 evel Four years ago the average was 44 per cent above pre-war. Today the price lebel is down to 20 per cent nbavs 1913. In view of the changes of the past year it is res seen that a comparison of prices with the 1913 level is not badly distorted. Last week out of 15 individual (roup!, ll declined, 2 advanced, and 2 remanied unchanged. No dennite trend is indicated in the volume of general business. A side- wise movement has been in effect since early February. Production schedules are undergoing a reorganization in or- der to pave the way for a badly needed reduction in inventories of raw mate- rials and finished goods. All com- modity prices declined moderately dur- ing the past week. Even in cases where commodities are cheap, and there are more than 21 basic items selling lower than pre-war, there has been no sign of active buying. Sentiment continues bearish. Industrial Prices. Levels are not dropj Rl.nl as_rapidly as they were a month ago, but the sagging trend is still in evidence. In addition to a curtailed domestic de- mand, manufacturers are now feeling the effect of substantially lower exports. Agricultural Products. ‘These represent one of the two groups which advanced during the past week. This is entirely a seasonal develop- ment for the statistical position, which is badly unbalanced, remains unchanged. The drought is still serious, but a check-up on world producing countries indicates large crops this year. Building Materials. These represent the other group which advances. This is entirely due to higher Southern pine prices. The building vol- ume is much more satisfactory, but re- stricted to heavy construction and road building. Non-Ferrous Metals. These metals WMo are weak, led by corper and tin. Consumers of copper refused to cover ahead at the 14 cent level and a8 long as the market fluc- tuates it will be difficult to establish confidence. Textile Prices, Textiles declinzd and now are close to the April low. Silk is lower, and rayon manufacturers in order to meet increased competition introduced a new price list on a materially lower basis. MOST IMPORTANT PRICE CHANGES. This Previous ’1'3" 3 i 3 8 BOND HEARING SET. BALTIMORE, May 12 (Special).— The public service commission has set June 10 as the date for a hearing on uu application of the Washington Sub- an Sanitary Commission for author- ll W issue $300, ODfl pflnflpfil amount, o{ its series “V” bonds. lkl:‘f ictures are reported to be i hvl New Zealand. Westinghouse Electric American Telephone & Telegraph The. investment outlook for these stocks, with special reference to A. T. & T's new financing and rights; i scussed in the May 12 issue of our Financial & Economic Re- view. This issue presents also a selected list of companies whose first quarter earnings this year exceeded those of 1929. J-A.W. Iglehart & Co. Investment Bankers 719 Fifteenth Street Members New York Stock Exchange Vagrant Waves HE world is too small for vagrant radio waves, engineers have found. Some short-wave signals traveling 186,000 miles a second go around the world three times before they settle down. And settle down they must before they can serve & useful purpose. The problem econfronting engineers in ‘bringing radio seems small, the average man’s Ing vagrant spending. waves to earth however, compared to problem of curb- Yet it's not until WE settle down that the world, which often seemed too small, begins 27 Hormel (Geo) (2)... 41 Horn & Hard (2%) 19'% Houston Ol of T 8% Hudson Bay M & 78 Humble Ofi (2). 8 Huyler Storesof Del, 87% Hydro Elec Sec (2)., 10 Hygrade Food Prod. 22% Imp OIL Can (60e. ... Ind Pipe L, n (12%). Ind Terr filu Ofl (A) Ind ¥in ctfs(b10%).. 54% Insull Ut Inv(b6%). 82 Insull Ut In 2d pf(6) 69% Ins Co, No Am (13).. 17 Insurance See(1.40). % Intercontinent Petn 17% Intl Petroleum (1) 6% Internat Product: 34% Intl Utilities &(33%). 6% Internatl Utll (B)... 1% Internatl Util (war), 10% Interstate Equities.. 40% Interst Eqcv pf(3).. 79% Intl Utilities pt (1) ¥ v gw 0" g &o‘ H Irving Air Ch(1.60 gel 75’96 xw 93 93 9 W 628 A 4T wW 93 but investing money that im- mediately begins to make money for you. Back of every one of these mortgages is real estate of our conservative appraise- ment. Thus your money brings in a steady and definite income —and all the while it is safely secured. May be purchased in amounts from $250 up. - B. F. SAUL CO. National 2100 925 15th St. to yield its harvest. West Tex Ut 55 A 16 Wes Union Tel 55 "60 s in FOREIGN ousands. 11 Buen Air €los 61 wi Buen Air Prov s US Finishing (12) .., USFOII (B) (1).. Gypsum (1.60) .. eTmoman Ke Over a Third of a Century Without Loss As an aid to settling down with plan of systematic small investments we offer 6 per cent First Mortgage Notes on selected Washington prop- erty in denominations as low as $100. Backed by their record of 61 years without loss to an investor, these Notes today are the foundation of many a tidy fortune.. Feo meBnmsSerear Utility & Ind. .. Util & Ind pf (1% Vacuum Ol (14%).. Venezuela Petroleum Vick Financial Corp. Walgreen Co. + Walker (H) Walker Min (7% Westn Air Exp(80c). Wil-Low Cafeteria. ., Woodley Petroleum.. 12 Zonite Products (1). 24 RIGHTS. Expire. Clev El IIl.......June 2 yt Lone Star Gas..July 3 1% % Mo Kan Pipe....June25 80 1% 3 2 1% Phillips Pet June16 14 1% 1% Divlfl.nl l‘l"l in doilars based on lsst quarterly -annusl paym! -::-mmul. 1Partly extra. $Plus extrs in stock. + 24 n ossh or B Pavable in stock, & Payable 1o - DT T PN TP O =) EIorTe 16% SWARTZELL, RHEEM & HENSEY CoO. * MORTGAGE BANKERS 727 15 STREET N. W, WASHINGTON DsCo / Irving Alr Chute war ; 9% Itallan Superpwr A.. ww—With warrants 17% Klein (D E) Co (1).. RS oY ATIent. 28% Knott Corp (240) ...+ SiWhen iasued. 2 ‘s Kolster-Br (Am Sh). L 97 Kopers G&C pf (8 Germany has more than 1,200,000 un- 35% Lackawanna Seo Puployed. 1% Land Co of Flortds. 47 20% 20% 23 4% 4w N.W. 1% 1% 1m0 1% or semi- | THERE IS NO SUBSTITUTE FOR SAFETY T _ 43% s Payable b 4% eferred atock.