Evening Star Newspaper, May 29, 1930, Page 13

PEPCO SHOWS GAIN IN APRIL INCOME Increase of $64,247 Over Same Month in 1929 Is Reported. BY EDWARD C. STONE. Total net income of the Potomac Electric Power Co. for April was $388,- 99537, compared with $324,748.24 in April, 1929, & gain of $64,247.13, ac- cordiag to mont tatement filed ' today with the Publié Utilities Commission. Operating _reve- nues amounted to ar mcruse 0{ 333 886.51. Revenue deductions took $420,812.66, against $431,19744 a year ago. Non - operating yevenues totaled 312 893.24, in com- n with $385.- w w. Ifll 95, an advance of $44,271.20 over April, corporate revenues after ductions amounted to Spald. 1929. Gross the usual de- $454,638.48, 8gainst $402,044.06 & year ago, or an increase of $52,594.42. For the first four months of the Present year operating revenues reach- ed the sum of $3,601,43296, against $3.388,075.90, an increase so far this NEW YORK STOCK EXCHANGE Wire Direct to The Star Office. Notice—All stocks are sold in one excepting those designated by the which shews those stocks to be sold ~Prev. 1930.~ High. Low. 66 45 Abraham Strau 2 37% 234 Adams Exp (1.60)... 10 28% 111; Advance Rumley. 3 Y% Ahumada Lead..... 7 Alr Reduction (3)... 199 Alr Way TIAp(2%). 32 1% Ajax Rubber. . 814 Albany Wrap Paper. 23 Allegheny Corp. . 9516 Alleg Cp w $30 w 534 Alleg Cp w 340 w 534 . 255% Allted Ch & Dye:n6) 49% Allis-Chalmers (3) 18 Ame Corp (2)... 5% Am Agricul Chem. 26 Am Agricul Ch pf. 77 Am Bank Note (43) 44% Am Brake Shoe(2.40) 8% Am Lirown Rov Elec. 60's Am Brown B E pf(1) 7 117% Am Can (4).. 146 140% Am Can pf (7). 82 52 Am Car & Fdy (6)... 116 100 Am Car & Fdy pf(7). 54 Am Chain Co 13) 75% Am Chain pf (7).. 36% Am Chicle (t2%) 164 Am Com Aleo(n) 28 35 0) Am Encaustic (2)... Am European Secur. 65 Am & Forn Power. 95 Am&Forn Pwr 2d pf. 19% Am Hawailun SS (2) 4% Am Hi Leather. . 55% Am Home Prod(4.20) 354 Am Ice (14) 35% Am Internatl (3) “ Am La Fr & Foamite 60% Am Locomotive (4).. 118'& 108 Am Locomot pf (7). 2 95 65 Am Nat Gas pf (7). 2% % Am Piano.. 9 3 Am Piano pf. 119% 77 Am Pwr & Lt (31).. 107 100 Am Pwr & Lt pf (6). year of $213,357.06. Revenue deductions Tequired $1,743,282.25, compared with $1.691,281.90, a saving of $52.000.35. Net operating revenues were $1,858,- xw 71, compared with $1,696,794. Gross rate revenues from all sou to- h]ed $1,933,885.15, against $1,74 83, an increase of $188,246.32. usual deductions the & net income Ancr all mw wer company or the four-month period of ‘l 858~ 125.12, against $1,441,010.35 & year -go, in¢ in net profits of $31' The Washington Railway & Electric €o. “April ings to " the Total operating rer amounted to $472,414.57, llfll'll! the sum of $506,070.09 in April, 1929. Operating and taxes amount- ed to $381319.65, with the compared higher figure of $403,462.69 a year ago, leaving a total operating income of ‘”1 090492 In comparison with $102,- After all the other usual deductions the railway company reported a net in- gome for the month of $54,992.74, against $60,146.69 in April 1929, a de- crease of $5,153.95. In the summary for the first four months of the present year, the state- ment showed an operating income of $1,869,824.40, l.lllul $1,964,230.98 a xpenses and taxes fiuu:s" t 23 107 s'r in comparison rmu perating income of $341,121.83, mmwed with $354,727.04 in the same period in 1929, while de- ductions from gross required $231,195.- 08, against $261,165.28 a year ago. The railway company then reported a net income of $558,665.05, wmplred with $512,682.90 in the same four months year. Capital Traction Also Reporis. The Capital Traction Co. has slso flled its ltport for April with the Utili- ‘Commission. ‘The _statement lhnwed a net income of $57,675.63, in comparison with $68,451.32 a year ago, or a decrease in net of $10,775. For the first four months of 1930 the Capital Traction Co. reported a net income amounting to $174,221.64, com- pared with $216,386.29 in 1929, or a decrease in earni: of $42,164.55. ‘The reports of street car lines in Apfl! reveal a falling off in passenger ‘While the slump in street car fll’!! ‘is often aseribed to the great increase in privately owned automo- biles, the street car com) are now facing the new competi of the 35- eent cab. Just how severe this competition is Mnmmmm-nhhmu guesswork. Hmv;l"n some of the offi- trnpemn factor. They believe u:u & good mny mn-. ‘who h-vl never used n‘ cabs, have been tf,inl f.h- 35-cent class. Rapid Transit Report for April. ‘The April nat;::mt of operations of ith the the month, as compared with o{mu.”l.ll for the month last y it & balance of $7,214.67 for the period in 1929, Pmnk J. . Thiel, resident partner of J. Meehan & Co., members of the York Stock Exc] , announced yuurdly that all employes had been given three weeks extra salary in com- memoration of the tenth anniversary of the ¢loc'.lon of the head of the organ- {zation, J. Meehan, to membership : tme' York Stock Exchange, May Spaid’s Committee Ends Work. jpald, chairman of the enter- tainment committee for the District bankers’ convention, held the last meet- ing with his committee yesterday after- noon at headquarters. It was the final meeting before the bankers go to Ashe- ville. The amusement experts have maintained secrecy as to the program to be presented other than to state that some of the best talent in the South has been secured. Chairman Claude H. Woodward has been swamped with late requests for transportation and accommodations. Luther E. Schreiner, chairman of the hotel committee, announced today that up to last night hotel accommodations had been made for 273 people. This is by far the largest number who have attended any of the 12 conventions. It means that there will be nearly 300 in the party when the two special Pull- man trains start for Asheville. Heavy Trading in Mergenthaler. Trading was heavy in Mergenthaler Linotype on the Washington Stock Ex- change today, there being 13 different small lot transactions involving 160 shares. The stock opened at 101Y, dropped to 101%. advanced to 101% and closed at 101%. Forty shares of ClplLl] ‘Traction sold at 65 Potomoc Electric Power 5'; per cent preferred moved at 1072 ex- dividend, District National Securities preferred sold at 84 and Federal-Ameri- can Co. common at 31. Ten shares of Lanston came out at 125. Fifty shares of Carpel Corporation sold at 26%, and 400 of National Mort- E.e & Invulment preferred at 45 llwly & Eleciric preferred moved Bond trading was confined to Capi- tal Traction 5: and Railway & Elec- tric 4s, at recent level. In the unlisted department the bid price on Washin, wn Base Ball stock was raised from 5! 60, with 75 stili asked. Chevy Chase Dalry Lanston Monotype have the list of stocks soon to dividends. The exchange tomorrow and Saturday. Extensive Program Planned. ‘More than 80 phases of practical bank mon will be taken up for detailed ion in eight series of departmental conferences at the twenty-eighth annual wnvmtlun of the American Institute of inking Section of the American Bank- ferred and n added w 7T B8N B0 Am P&LUDTAst(5). 2 29% 30% Am Ra&Std San 1%. 32 144 126% Am Rad& S Spf 7). 208 100% 67% Am Rolling Mill(n2) 116 481 463x Am Shipbldg (new). 208 l'lgh 654 Am Sm & Ref (4)... 13 4 5 5214 40% Am Steel Fdy (3)... 116 110% Am Steel Fdy pf (7). Am Tel & Te! Am Tobaceo (8) Am Tobaceo B ( 88% Am Water Wks (n1). 5 Am Writ Paper ctfs. AmZine Ld & Sm. Am Zine pt (6). 81% 5234 Anaconda Cop (1)... 53% 34% Anaconda W&C (3) 51% 385 Anchor Cap (3.40). 115% 105 Anchor Cap pf (6%). 29% 22% Archer-Dan-M «2).. 8% 5% Armour of i1l (A) 4% 2% Armour of Ll (B) 64 55 Armour of 11l pf ( 5). 176% 161% Atl Coast Line (110). 51% kel 31% Atlas Stores (n1) 263% 150 Auburn Auto (j4)... 58% 37 Auto-Strop Saf R(3) 9% 4% Aviation Corp of Del 38 24% Baldwin Loco (1%). 116 109 Baldwin Loco pt (7) :o- 122% 1:0% Balto & Ohio (7).... 8415 63 Bang & Arooe (3%). l 34 20% Barnsdall. A (3).... 23 9z 67% Beatrice Cream ¢4) 3 85% 80 BelgNRyptpfbds, 2 57% 32% Bendix Aviation (2). 45 56% 31% Best&Cot2)....... 48 110% 91% Bethlehem Steel (6). 58 134 122 Bethlehem Sti pt (7) 41% 34% Blaw-Krox (1%)... 47% Bohn Al & Brass (3, 3% Booth Fisheries. 33% 20 Booth Fish lst pi »94 60% Borden Co (k3). w PO o A Brooklyn & Queen: Bklyn&Queens pf Bklyn Union Gas (6) 13% Bruns-Baix-Col 14} Bruns Ter & Ry 8.. 9% Budd (EG) (1) 34 Budd Wheel (1) 84 Buff & Sus pf ctfs(4) lDl 19% Bullard Co (1.60)... 125 26 Bulova Wateh «3). 3 10; 1z 4 2% Butte Cop & Z (b0e). 16% But: 70 Byes 208 65% Calit Packing (4) 8 1 CallaabanZinc & Ld4. 2 50% Calumet & Aris (2).. 23 33% 164 Calumet&Hec(al%). 2 30 19 Campbell Wyant (1) 43 76% 57 CanadaDryGA (8). 42 226% 187% Canadian Paeific(. 10 524 61 Can Pacifie(new): 2 101 96 CarClin &0 (5). 208 362% 1924 Case (J 1) 1 79% 54 Cateplllar Trac (3%) 12 60 20 Celotex (3). 83 84% 60 Celotex pf (7) z 66% 014 Cerro de Pasco 6 67% 36 Checker Cab ( 241% 201% Ches & Ohlo (10 634 Ches & Ohlo Corp i3) 11% Chi Great Western. . 18 Chi Mil StP & Pas. .. 313% Chi Mil StP & Pacpf. 26 9% Chicago & N W 17% Chi Pneu Tool. 21% Chickasha Cot O 58 Childs Co 30 Chrvsler Corp (3). 954 City Ice& F pf63). 4% 187% 133% Coca-Cola 16 o 52 48% Coca-Col de. » 64% 59 Colgate-Pal-P (i%). 21 76 66 Colo & Sou 2d pf (4). 10s 77 36% Col Fuel & iron (3).. 87 69 ColGas& El (3). 110 104% ColGas & EIptAt8) 1 37% 23% Colum Graph (a2c). 66 199 128% Columbian Carb (16) 79 28% Commn Credit «2) ... 16 76% Com Credit 18t (6%) b50s \n Comm inv Trigl.6u) 15 Com inv T av pties) Cmwith& Soupf ) 6 13% Congole gra... § 40% Consol Clgar (1) 15% Consol Film 2). 1 18 Consol Film pf (3) 3 96% Consol Gas N ¥ (4).. 311 99% Consol Gas NY pf(§) 2 49 Con RRCubpf (6).. 10 1 Consol Textile. .. 12 ContainertA) (1.20). 274% Conts Baking tA)... 4 Contl Baking +B) 78'% Contl Baking pf 504 Conti Can (%) 23% Contl Dia Fibre 58 Contl Insur 2 4% C 19% Contl Oll of Del..... 27 Contl Shares (1).... ¥7% Corn Prod (13%).... 42 24% Coty. Ine (k3)... 82 251, Cream of Whti#3{) 3 10% Crosley Radio t1)... 4 43 CrownCork & Seal.. 2 15 Crown Zellerbach(1) 4 110 Crueible Steel pf (7) 50s Y ubBCO.....ieene0s 144 6% Cuban Amer Sugar., 1 Cuban Dom Sugar. .. 41% Cudahy Packing (4). i 113 Curiis Publish (16%: 21 114% Curtis Publisn p£(7) 2 6% Curtiss Wright Corp 95 13 Curt Wright Corp A. 64 Cutler-Hammer(3%) 28% Davison Chemical. .. 22 Debenham's (a2.33). 161% Delaware & Hud (3). 121 Del Luck & Wn (1), 195% Detroit Edison (8).., 189 Diamond Match '8). 64 Dome Mines (1) 153 255% 287 9% 0% ' Assoclation, which will be held in vur, Colo., Junl 16 to 20, which Il good size &be lMAnded Dom lurnlx 0).. *% 17 Drug o) 155 27% Dunhill In (10 e 145% 1124 Du Pont de N (14.70) 121 114% Dupont deN db pf(§) 2 295 hundred-shar, letter s (65s) in odd lots emly. 55 86 3% 314 174 16% L 153 146 29% 29% 55 31% 17 Y 152% 9% fiu. 103% 91 0% 94 13% 661 661y 168% 156% 204 b2l 49% 2% B2% 96% 964 42 4% 100% 9% 68 68 14 1% 64% 62 sl 208% 20} b1% b1k 100% 100% 2871 2 6% Ta% 33% 31k n 69 ob o8% 2094, 185% lEafi. 52 Bl 621 61y 69 69 8315 109% 1098 28% 27y 162% 1563, A% 30T 908 103% 108 4 1% 48 43 24 24 28% 231 1317 1297 108 62 1085 107% 27% 264 321 321 18 17y 46% ' 4614 16 164 114 113% 17% 3% 1264 122% 120 e lots (285) | 1 les— Prev. Add 00. High. Low. Close. Close. 52 1 303 11701 120% 120% 380% ~Prev. 1930.— Stock and Dividend Rate. Eastman Kodak (18) Eaton Axle & S (3).. Eitington- §cnnd Eftington pf (6 Elec Auto Lite 0) Flectric Boat. El Pwr & Lt (1). E! Pwr & Lt pf .. Elec Storage Bat (5) Eng Pub Serv (2.40). Equit Office Bldg (3) Erte R R Fairbanks Morss (3) Fed Lt & Trac pf (6) Fed Min & Sm pf (1) % Fed Motor Tr (80c) . Fed Wat S A (e2.40) ®id Pho Fire 1(2.60). Firestone T&R(1.60) First Nat Strs (2%). Fisk Rubber. . . Fisk Rubber 1t pf. . 4 Flosheim Shoe A (3) Foster Wheeler (2). Fourth Natl Inve Fox Film (A) (4)... Freeport. Tex (15).. Gabrlei Snub(A)new Gardner Motor. ...... Gen Am Investors. .. Am Tnk Car(34) Gen Asphalt (4) Gen Bronze (3 Gen Clectric (1.60).. Gen Elec spec (80c) . Food Corp (3).. Gan Gas&EL A (e30). Gen G& Kl cv pf(6).. Gen Motors (13.30).. Gen Mot pf new w.i.. Gen Motors pf (1) Gent Out Adv (3).... Gen Out Adv(A) (4). Gen PublicSve (b6 Gen Ry Signal (5) Gen Realty & Uti] Gen Real & Ut pt. Gen Refractor(t4%) Gen Theat Equip vie Glllette Saf Razins) Gimbel Bros Glidden Co (2) Gobel (Adolf). Goodrich (BF) (4).. Goodyear Tire (5)... Goodyear 1st of (7). Gotham Silk Hoslery Gotham 8 H pf (7).. Gotham pf xw (7)... Graham-Paige, Granby Copper Grand Silver S (m1) Grand Union Grand Union Granite City St1 “). Grant (WT) (1).... Gr Nor ctfs Ore (a%. Grt West Sug(1.40).. Grt West Sug pf (7). Grigsby Grunow.... Gulf Mobile & North Hackensack W (1%) Hahn Dept Stores. .. Hahn Dept S pf(6%) Hall (W F) Pr Co(2) Hanna pf (new) (7). Hartman (B) (1.30). Hayes Body. Helme (G W) pf ’I)- Hershey Choe (5). 2 Hershey Choe pf(+ Holland Fur IMZM). Houston Oil (b10%) . Howe Sound (143%). . Hudson Motor (6)... Hupp Motor Car (3). Illinots Central (7)., Independ Ol & G(2). Indian Refining rets. Indus Ray (b6 % stk) Ingersoll-Rand (16). 0% Inland Ste Inspiration Cop o Sh (4bc). . 0 Rap Tran. Intercontl Rubber Intl Agricuitural. Intl Agricul pf (7) Intl Bus Mach (n6).. Intl Harvester pf(7). Intl Hydro El A (e3) Intl Mateh pt (4).... Intl Mer Marine (1).. Intl Nickl of Can(1). Intl Salt (8). Intl Shoe (3) Intl Silver pf (7). Island Creek Coal(4) Jewel Tea (14)... Johns-Manville (3).. Jones & Laugh pf(7) Jordan Motor Car... K C P&L 1st pt B( Kan City Sou pf (4). Kt stadt (R) (1.02).. Sales— Add 00. High. 38 11 240% 291 6 57 308 1 108 -Spring 6% pf. 100l elly-Spring 8% of. Kelsey Hayes (3)... 4 Kelvinator Corp.... Kennecott Cop (6).. 1y-Clark(13). Kraft Ph Ch pf(6%). Krlllllsllcoll 60) Leh Port Cm pf (7). 4 Lehigh Valley Coal. Lehman Corporation Lehn & Fink (3).... Libbey Owens (1)... Liggett & Myers(16) Ligs & Myers B(16). Lima Locomotive Link Belt (2.60) Wiles (13.70). rillard (P) Co..,. Lorillard (P) pf (7). Louisiana Oil. LouG & El(A) (1%) Louis & Na 1 MeCall Corp (2%) Melntyre Pore M(1). McKeespt T P1 (15). McKesson & Hob (2) MeKes & Ro pf(3%) Mack Trucks (6).... Macy (RH)&Co(nt8) Magma Copper (6. Mallison & Co. Manati Sugar pf. Man Elec Supply. Man Elev mod g (d5) Man Shirt (2) . Maracaibo Ofl Market St Ry pr pt. Marmon Mot (h50c) . Marshall Field (23%) Mathieson Alkils 13) M Mengel Co 12). . Mexican Seaboard. Middie States Ol et. Midland Steel pf (8)., Mil El Ry&Lt pf (6). Minn Moline Pwr... Mo Kan & Tex (1)... Mo Kan & Tex pf(7). Missourt Pac pf (). Mohawk Carpet..... Monsanto Ch 1g1%). Montgom Ward (3). Morrell & Co ¢ Mother Lode t40c). . Motor Meter G & El. Motor Products 13). 408 8 39 116 2 208 24 30 2 3 1 18 1 4 67 20 1 4 P SIEE ST P 108 33 265 I3 2 9 19 —— (Continued on Page 14.) 29% 6 40 92% 5% 94% m T4 6414 4T ISTOCK LIST HOLDS Market Continues Slow Ad- vance in Quiet Pre-Holiday Trading. BY CLAUDE A. JAGGER, Associated Press Pinancial Editor. NEW YORK, May 29.—Stock prices continued their leisurely and somewhat halting upward progress today, as pro- fessional operators, scanning the rather meager industrial news at hand, still appeared to feel that the weight of the evidence favored substantial busi- ness recovery within a few months. Traders by and large, however, were waiting to be shown. Perh'lps the least susceptible of bullish interpretation was the news from the steel industry, but steel shares as a group displayed a firm tone, as their sponsors felt that pipe line and heavy construction projects, together with in- dications of a fair average rate of oper- ation by motor manufacturers, would tend to stabilize conditions during the Summer months. Nevertheless, steel scrap prices continue to decline, with further cuts of 25 cents a ton appearing at Chicago and Pittsburgh. Dow, Jones & Co.’s average price for eight important iron and steel products declined this week to $46.99 a ton, from $47.24, and this average did not include cuts in sheets, slabs and forging bil- lets. Such_reports as merchandise sales during May as are now available, how- ever, indicate that the month's record will not be far from that of last year. which would be regarded in Wall Street as highly favorable. The April com- parisons were not conclusive, owing to the late date of Easter this year. Spec- ulation for the rise was resumed in mer- chandise stocks today for the first time this week. Moreover, it was accepted as a particularly good augury that one of the largest publishing house’s book- ings for advertising for the second half of the year are now larger than at this time a year ago. The rail shares, how- ever, continued to reflect light move- ment of freight. On the basis of in- formation now at hand, it is estimated that April gross for all class 1 carriers was approximately 12 per cent below April, 1920, as compared to a drop of 1214 per cent in March. Spasmodic buying of closely con- trolled stocks featured the late dealings with several of the high-priced issues moving up sharply. The merchandise group continued to furnish san unusual proportion of the meagre dealings. Gim- high. The closing was firm. Total sales approximated 2,000,000 shares. NEW YORK BANK STOCKS NEW YORK, May 29 (Special) Trading in bank stocks and trust sha today was of typical pre-holiday char- acter, with the result that fluctuations were virtually meaningless. Chase National at 167!, was up %, National City at 196, off l/, Corn Exchange, 222Y, up % unchanged; Equitable, Bank of America, 129% of United States, 615, lyn Trust, 807, up 2; Central Hanover, 388, off 1; Chemical, 75, up %; Com- mercial, 515, off 2; Continental, 36, off 4s; Empire, 88, off %; Irving, 60, up %, and New York Trust, 206, ofl a3 The following were unchanged: G anty, ss* Bankers, 162; Chatham- Phenix, Manufacturers, 130, and Public Nmomx 135. ofl‘ TRUSTEED SHARES the IDEAL INVESTMENT for in- aismand — tors s sA Specislysuted o m"' o "‘7" vestments " for vid Tunds 'snd funds'of ovennisations Sold in Lots—$100.00 Up Call or Write Standard Collateral Shares Corporation Woodward Building. Met. 8783 Money to Loan .NI.M by .l’l‘ IM of Irnlt real estate. Joseph I. Weller vl REAL ESTATE LOANS SIDNEY ROCHE CHANDLER BUILDING NATIONAL 7915 Call or Write Today First Mortgage Loanf Applications | Invited at 5)5% Construction Loans Glover & Flather 1508 H St. N.W. National 1753 6%% Guaranty First Mortgages Recommended to All Fortunes Are Founded on Accumulation . . . NOT SPECULATION Monthly Payments if Desired Send for Booklet, “The Success Plan” Real Estate Loans REAL ESTATE MORTGAGE & GUARANTY CORPORATION 10 UPWARD TREND ble Bros. rose 5'; points to a new 1930 0il Stocks BY GEORGE T. HUGHES. Lthe twenty-ninth of a serk es by Mr. Hughes of the stocks. The intent is not The purchase or sale ‘of any particular stock, but to give the investor such information as may en- able Rim “intelligently to chart his own course.) Parent of all the Standard Oil com-~ panies and easily the leader in the in- dustry, Standard Ofl of New Jersey ranks in size with such American in- dustrial organizations as American Tel- ephone & Telegraph, U. S. Steel and General Motors. Its total assets of $1,767,377.555 compare with $2,477,023,- 550 for American Telephone & Tele- graph, $2,286,183,655 for U. S. Steel and $1,324,889,764 for General Motors. In net available for the stock, Stand- ard of New Jersey comes last of the four named, but the total of $144,910.149 would make a respectable capitaliza- tion for any other corporation. In form a holding company, Standard of New Jersey, through its subsidiaries, pro- duces, refines and distributes petroleum | and its products, operates in nearly all parts of the world, controls valuable patents, is interested in natural gas de- velopments and is entering the chem- ical field. ‘To its position as the head of the oil industry it adds the strength of diversi- fication. Now it does not always follow that the best opportunities for invest- | ment are to be found in the corpora- tions of the largest size, but there is a very real advantage in having a finan- cial interest in a company so well known. The record shows that pur- chase of the shares of Standard Oil of New Jersey has always been profitable, provided the purchaser has been patient enough. He may have had to accept a small return on his investment and he may have had to see the market price of his stock depreciate temporarily, but if he held on he was sure to win. Any one who bought Standard Oil of New Jersey stock in 1927, only three years ago, at the highest price it sold in that year could have disposed of his shares in 1930 at 100 per cent profit. This does not mean that the day-to- day and in-and-out trader always finds the stock profitable. It does not mean that it is a good medium for speculas tion, but it is one of the best illustr: tlons of the slow and steady increase in equities which goes to the buyer of stock in the leading, well managed and prglsperous American industrial corpo- rations. First Mortgage Notes FOR SALE In Denominations of $250 and Upwards JAMES F. SHEA na Ave. N.W. REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD Funds Available for {§ 1st Mortge~~ Loans! Robert ©.. Savage 717 Ur.on Trust Bldg. Nat'l 6799 ENTERPRISE SERIAL | BUILDING ASSOCIATION 7th St. & La. Ave. N.W. 64th Issue ot Stock Now Open for Subscription Money loaned to members on easy monthly payments James E. Connelly Jameh F. Shea Presidens Secretary Money to Loan On Approved District of Columbia and Maryland Real Estate 51% & 6], Applications Invited 1435 K St. N.W. National 2345 Guaranteeing The Trade Mark Satisfaction 44 Years of Constant Progress STOCKETTALK NO. 14 T s our Story going to Stick to it! Using Our Sales Service Many of our customers re- quire our sales representatives to call on them regularly. Tlny appreciate the valu the fund of information n nl- able through such contact. d we're They are always posted on t practice is thoroughly * date. Continual study of modern methods by each of our sales nfir‘ulhhvu makes this pos- sible. Use our Sales Service. STOCKETT- FISKE DUCING lTA'l’I°Nlll Capital Resources $3,800,000 24 JACKSON PLACE o1 ST - WA/ WA INO'I'ON'D C We Want Your Business! 0 First Mortgage Loans On improved Real Estate in the District of Columbia and nearby Maryland Virginia for 3, § or 10 year terms on your = DYp0p e Apply RAaNpALL H. HAGNER & COMPANY MORTGAGE LOAN CORRESPONDENT NEW YORK LIFE INSURANCE COMPANY 1321 Connecticut Ave. Decatur 3600 Apartment House MANAGEMEN' It is our careful watch on the little things that forestalls the larger and expensive difficulties. And that's why the Apart- ment Houses under our care run so smoothly and profitably. B. F. SAUL CO. 925 15th St. N.W. Nat'l 2100 FOR more than forty years the H. L. RUST COMPANY has been making first trust loans on improved prop- erties in the District of Columbia and adja- cent suburbs of Maryland . . . Investors have found the notes SAFE in the abun- dance of the security—CONVENIENT in their denominations ($250 and upwards)— PROFITABLE in the highest interest yield consistent with a conservative investment. < We will gladly tell you move of the siz per cent notes now available > H. L. Rust Company 1001 15th Street N.W, National 8100 BESVTA BL I S'HETD 1889 Look For a Mato Oba IGHTING their way through the dense African jungle, old-time copper pros- pectors cheered lustily when they came upon a clearing—and then began a vigorous hunt for a bush with peculiar brownish-green leaves—the Mato Oba. This is the only plant that can grow in the copper-poisoned soil of a potential mine— for the copper ore lies so near the surface in Africa that it is mined mostly with only a pick and shovel—and only the Mato Oba can grow in such ground. When you are hunting for wealth in Amer- lea you won’t find a bush growing in the middle of a clearing—but you will find cer- tain clear and unmistakable signs which will point the way. In finance you'll find two sure markers—proof of :afety of prin: cipal, and unfailing interest returns. When & wise investor comes upon such signs, he knows his search is ended...which is why %0 many careful men of finance have the majority of their capital invested in such securities as the 6 per cent First Mortgage Notes offered by #e Swartzell, Rheem & Hensey Company. These notes are for the small and large investor alike. We would like to send you sur booklet describing them, or talk over your investment affairs with you to suit your convenience. SWARTZFLL, RHEEM & HENSEY CO MORTGAGE BANKERS 111 15 STREET N.W. HINGTON D.Co