Evening Star Newspaper, June 3, 1930, Page 13

WASHINGTON GAS BONDS IN DEMAND Other Debentures Feature g Trading on D. C. Exchange. Stock Deals Few. BY EDWARD C. STONE. ‘Washington Gas 5s proved the center * of Interest on the Washington Stock Exchange today. The market opened with a $1,000 bond selling at 103. Sales in similar denominations then followed a 10! 1027%, 102%, 1021, and 102} ‘Washington Gas 6s, 101% and 102. Capital Traction 5s were also in good d°mand, changing hands in $500 and $1,000 denominations at 94'.. George- town Gas 58 came out on the board at | 102% in $2,000 and $1,000 sales. In the stock division Potomac Elec- | tric Power 6 per cent preferred sold at 1107, 36 shares of Lanston Monotype changed hands at 125 and 5 shares at 12415, and 20 more at 1241 Mergenthaler Linotype upmed with 25 shares selling at 100, followed by & small sale at 100 Merchants’ Trans- fer & Storage common moved at 10915 and Federal-American National Bank registered small sale at 280. No sales were rccnrded in Capital Traction stock. The closing quota- tions were 64'4 bid and 65 asked. Latest Convention Plans. Claude H. Woodward, chairman of the transportation committee, sent out special postal cards today to all bank- ers and friends booked to attend the convention at Asheville, N. C., calling attention to the fact that the two special trains leave Union Station to- morrow night at 6 o'clock. Officlals of the Southern Railway humorously re- marked today that so important are these two specials that they could wait even for the President of the United States. Chairman Woodward announced to- day that the reservations totalled the + Trecord-breaking figure of 288. As the Flrty leaves here tomorrow, it is un- ikely that any further reservations will be requested. Chairman Luther E. Schreiner of the hotel committee leaves here tonight to spend tomorrow with the hotel officials, checking and double-checking the ac- commodations for the members of the w The rush to-attend the mecting made it necessary to take care of the overflow by securing first-class nearby accommodations. Bank Predicts Gradual Recovery. ‘The Lincoln National Bank's May review expresses the belief, now largely accepted, that the definite recovery * of business from its 1929 slymp is to take -the form of a steady but gradual rise, and finds further confirmation in l‘:pqm of May actlvity which are thus Xll' available. That some. progress was recdrded du;m the month, when all factors are jered, seems fairly assured. On the other hand, the review says, it is equally clear that the improvement is moderate and probably less than that achieved in April. The general business trend in May was uplard the bank finds. - Retail trade sho glim. iron and steel op- erations fell off, structural steel awards incréased and general construction g:lum Check payments rose in many portant cities. Dividend and interest payments for May: Increased by comparison with a {’nr ago, according to reports of the nitéed States Department of Com- merce. New financing expanded, but stock sales declined sharply on the New York Exchange. the Washington banks in the down- town district is believed to have gon€ by the board, s0 far as the coming Summer is concerned. The present special committee, of which John Poole, president of the Federal-American Na- tional Bank is. chairman, -has been asked to continue its work by the m\mcfl of administration of the District Banke Assoclation, but. the present -amnmnnve year ends on June 7 and there is not sufficient Mll! for uhy definite action that date. The last time same_matter ';Q before the assotlation a special com=| mltwe put in much hard. work l.ryi.m sec the banks to reach an agreement on it, calling ltun;hn to the success of ] « the shorter in other ' Eastern: cities. Just ent banks heid out to halt the plan. Talk with many bank- 156% 111% 991y 69% 87 56" 105 8% 5 % . lun 107 B4 34 99% 851 S THE EVENING NEW YORK STOCK EXCHANGE Private Wire Direct to The Star Office. 3 Adams Millits % Ahumada Lead Alr Reduction ( 84 Albany Wrap Paper. 23 Allegheny Corp 95% Alleg Cp w 330 894 Alleg Cp x $30 w 53 95 Alleg Cpw $40 w53 255% Al 494 Allls-Cl 2814 Alpha Port Cemt Amerada Corp (1), 60% Am Brewn B E pf( 117% Am Can (4) 140% Am Can pf ( Am Chain Co 13).... 36% Am Chicle (12%) 19% Am Encaustic (1) Am European Secur. 65 Am & Forn Power. 107 Am & For Pwr pf(7). 95 .Am&Forn Pwr 2d pf. 55% Am Home Prod(4.30) 83 Amlicepf(6).... 3696 Am Internati «3). Am La Fr & Foamite 8% Am Locoraotive (4). - 103 Am Locomot pt t7). 656 Am Nat Gas pf ('l). . 270 Am Piano 3 Am Plino pf. T AmPWr & LU, 100 Am Pwi & Lt pf (6). 75 Am P& Lpf A (3%) B0 Am P&LUDE A St(b). 3014 Am IRa&Std San 13%. 0'4 Am Republics. 67% Am Rolling Mill{n2) Am Safety Razor(5). Am Seating (2) 105% 84 6% Am Sm & Ref (4).... AmEm & Ref pt ). Am Steel Fdy (3)... Am Steel Fdy Dl’ M. 20! §) ¢ Am Water Wks (n1) Am Wat W 1st pf(§) Anaconda Cop (1) Anaconda W&C (3 Anchor Cap pt (8% 4 Archer-Dan-M (1). Armour of Del pf(7 Armour of 111 (A) Armour of All «B) Armour of Ill pf ¢ Atl Gul&W I pf u). Atl Refining (12). Atlas Powder pf (6) Atlas Stores (n1) Auburn Auto (J4) Austin Nichols. Autosates. . Auto-Strop ) Aviation Corp of Del Baldwin Loco (1%). Baidwin Loco pt (1) Balto & Ohio (1). Balto & Ohio pf Bamberger pf ( 63 Bang & Aroos 205 Barnsdall, A (3). 97 Bayuk Cgr 18t pE(T). 80 Belg N Ry pt pf 5.49. “82%-Bendix-Aviation (2). smee Bethlehem Sti pf (1) Blaw-Knox t1%). .. Bloomingdale pf (7). Booth Fisheries. .. Borden Co (k¥)v.e.e Borg Warner (3). Briggs Mfg Co. British Em S 1atpf. . Brockway Motor Trk Bklyn-Manhat 44) . + Brooklyn & Queen: Bklyn Union Gan «§) Brown Shoe pf (7). BrunsyBalk-Col Bruns Ter & Ry 8. Bucyrus(1). 14 Bucyrus cv pf (3%). Bucyrus pf (7). < l!l % 14% Giows. | 719% 146 142 140% 146% 53 b4 99 b5 100 Sole W, 44% 43% 19% 1% 106% 106 84 B4% 263 267% 124 123% 114 113 116% 116% 106% 105% 4 1% 37 a8y L] 11 11% 59% 60 35 36 113% 110% 24 zanm Tl T6% 113% 1144 1% 118 13% 14 49% 51% 0% 43% 102 4% 120 pcect and ividend Rate. l“% C'urtll Publisnh pf(7) 614 Curtiss Wright Corp 182 12% gn Wright Corp A: 133 t Debenham’s (a2.33). Deer: 161% Delaware & Hud (9). Del Lack & Wn (17). *77 Drug Corporatn ¢ 27% Dunhill Intl (34) Bales— Add 00. High. Low. 1120 120 9% TR 44% Durham Hos pf(6).. 100s 17" Eastn Roll Mill(ht2) 176% Basi oda 120% Eastman Kod pf ( 24% Eaton Axle & 8 (3) § Eitington-Schild Klec Auto Lite (6) 4% Electric Boat.... 494 E) Pwr & Lt (1), 106% E! Pwr & Lt pf (7) 66 ' Klec Storage Bat (5) 943% Eng Pub Sve of t8).. 94% Eng Pub Sve pf(5%) 39% Equit Office Bldg (3) 43% Brie RR...ouvnnnns 61 Erie R R 1t pf (4) 3% Fairbanks Co.... 12 Fairbanks Co pf..... 34 Fairbanks Morse (3) 102 Fairbanks M pf (7).. Fed Lt & Trac pf (6) T&R pt6) 50% First Nat Strs (2%). Rubber 15t pf. Wheeler 1:)- 38% Freeport, Tex (16) 5% Gabriel Snub(A)new 69 Gamewaell Co (5) 60% Gen Electrie (1.60).. 11% Gen Elec spee (§0¢).. 46} Gen Food Corp (3).. 13% Gen Gas&El A(e30). 104 GenG&KEIpfA(T). 115 GenG & Kl pf A «8). ¥5% Gen G&Elcv pfe6). . 89 Gen ital Eds (a2.63). 37% Gen Molors (13.30).. 95% Gen Motors pf wi (5) 11712 Gen Motors pt (1) % 82 Gen Out Adv(A) (4). 32% Gen PublicSve (b6).. 85% Gen Ry Signal (6)... 13% Gen Realty & Utl... 67 Gen Refractor(t4%4) 39% Gen Theat Equip vie. 80} ‘Gtllette Saf Ras(nb) 11% Gimbel Bros.... 66% Gimbel Bros pf (1) 23% Glidden Co (2).. 95 Glidden pr pf (7) 13 Gobel (Adolf). 11% Gotham Silk Hoslery 65 Gotham pf xw (1)... 19% Gr Nor etfs Ore 87 Grt North pt « 21% Grt West Sug(1.. 110% Grt West Sug pf I'” xu 3% Grigsby Grunow.... “th Guantanamo Sugar:. 1 32 28% Hackensack W (1%) 12% Hahn Dept Store: 99 Hamilton W pt (8) 85 556 Har Wkr Ref (12%). 13% Hartman (B) 41.20). 64 Hayes Body.....i.s 81 Helme (Geo H) (17)s 1 58 15 19 10 22 Exchange Buf (1%).100s Hanna pf (new) (7). 740s i 24 3 1 Hercules Pow pf (1). 30s 70 Hershey Choe (6),., . 29 I 83%Hershey Choo pf(16) 26% Holland Fur (et2%). 1 u“umo Her Bi2). u‘ Househld Fipf t334.. Houston Ol (b10%). . Hudson Motor (5). ... Hupp Motor, 3 Illinots Central (7). independ Ul & G(2). 1ad Motor Cyecle. indian Refining. Indian Refining rcts. ‘l 32 i 120 STAR, WASHINGTON. 120 9% D. C., TUESDAY, |STOCK PRICES SAG =&| INSTEADY SELLING Bears Make Most of Oppor- tunity as Tired Holders Liguidate. BY CLAUDE A. JAGGER, Associated Press Pinancial Editor. NEW YORK, June 3.—The "bulls, having failed to stir up any activity in the stock market of late, left the field to the bears today, but they made even a worse showing. Practically the entire Nst turned heavy, but despite rather aggressive bearish operations in spots, most losses were limited to a point or two, and during the early hours of the session trading was in the lightest volume since August, 1928, with the lone exception of January 13 last. With practically the entire financial community now lcoking with some con: fidence for a decided revival of busi- ness by Autumn, and the market already fairly well deflated, the bears found themselves unable to start any general liquidation, although stantial amount of ulun‘ appet m traders who had gro l(ed with the market’s slun-u.hness A substantial portlon of the day's busi- ness be transactions by floor traders -for theu' own account. Although news was rather meager, such favorable developments as came to hand were ignored. The decision of the Supreme Court, denying the In- terstate Commerce Commission author- | ity to impose freight rates under the JUNE 3. | Hock Smith resolution, which might be | confiscatory, failed to cause a flutter in the rail stocks, although in sime circles this decision is rated close to that in the St. Louis and O'Fallon case. The Department of Commerce esti- mated sales of radio equipment for the year at $645,000,000, against $590,000,- 000 in 1928, but the radio shares gen- erally sagged. The United _States Geogolical Survey’s estimate of A rl] electrical power production showes gain of 1 per cent over March, llthoulh in recent years the seasonal trend from March to April has been a decline of about 6 per cent. The utility shares, however, were neglected. Credit rates remained stationary, and call and time money were unusually dull, but bankers' acceptances and com- mercial paper were fairly active. The weekly condition statement of Pederal Reserve weekly reporting member banks showed a drop of $61,C00,000 in com- mercial loans, but an unexpectedly large increase of $99,000,000 in loans on se- curities. . NEW SECURITIES PFW YORK, June 3 (#).—New se- curities offered today include: Chicago, Rock Island & Pacific Hlfl'ly Co., uucuooo 42 per cent trust tes priced to yield from 3.50 to 4‘0 per cent, by PFirst National Bank and syndicate. London Terrace Apartments, $5.500,- 0.00 6 per cent bonds by S. W. Straus Co. City of Brisbane, Australia, $5,000,000 6 per cent bonds, priced at 965 to yleld 6.30 per cent. By Lee, Higginson & Co., and syndicate. State of Mississippl, $5,000,000 512 per cent bonds priced to yield from 3.60 to 4.20 per cent. By Lehman Bros, d syndicate. Indian Refining Co. $3.500,000 5% per .cent notes, priced at 99'; and in- terest to yield more than 5.80 per cent, Mulond & Goodwin, Inc., and syndi- cal Southwestern Natural Gas Co., $2,- 500,000 6 per cent first mortgage fund bonds, priced at 99 and accru interest to yield over 6.10 ner cent. By P. W. Chapman & Co,, Inc., and syndi- cate. Kings County, Wash., $2,310,000 4}3 per cent bonds, priced to yield from 4.10 to 4.40 per cent, by Conunenul - linois Co., and syndicate. City of Louisville, Ky., $1,000,000 4 lnd 47, per cent bonds, priced at 98% o fhedirg e Fide e Bt &clflfi!l Cor nd syndicate. First Mortgage Loans On improved Real Eatate in the District of Columbia and mearby Maryland and Virginia for 3, 5 or 10 year terms on your 1930. NEW YORK BANK STOCKS )tnk floen and tnut slnm moved sll.htJy lower today as the market in- terest in them was confined almost en- tirely to professionals. Chase Nlflnnll at 1681, was off 1, National City at 19 was off 1, Corn , 22115, oft e rights, 23, off %4; 764, off 2; Bank of Ameri helsea, up 3; Empire, First Nationall 5336, off 25 Trust, ex-dlvtdend 5 (ollnwln; were unchanged: Chemical, 'l5 Oonm STEEL MERGER RUMORED, NEW YORK, June 3 (#).—A report current in fnancial circles is that the Bethlehem Steel Corporation, second t in the industry, is negotiating for the acquisition of Pickands, Mather & Co., large producer of iron ore, with prnmrtla in Michigan and Minnesota. The unconfirmable rumor indicated that if the merger were effected, Samuel Mather of Pickands, Mather & Co. would resign as a director of the United States Steel Corporation. SILVER QUOTATIONS. JNEW. YORE, Juss 3 (®.—Bar TRUSTEED SHARES the IDEAL ? vestors, who YIELD ‘and Specialiy ons e TenqRenita Tinas "ol ofgapiaations Sold in Lots—$100.00 Up Call or Write Standard Collateral Shares Corporation ‘Woodwa Buildint Met. 8183 Saul Building 925 15th St. N.W. Several desirable rooms at very reasonable rents. Inspec- tion invited. B. F. SAUL CO. Nat. 2100 925 15th St. N.W. 3436 14th St. N.W. Adams 8100 Read Service—Charge Accounts Invited Money to Loan on Real Estate District of Columbia or Maryland 5% & 6] Prom#t Dacision on All Applicationsy ‘ 1435 K St. N.W. National 2343 FINANCIAL. AUTOCAR lecxs e The Autocar Compeny., Ardmore, Pa. The Board' of Directors. daclared '8 auartesiy dividend 1 Eight 0t : anum on- 1o ‘Stock of this oomn-ny mueu and gutstanding. * pavable June 15 1930 tocknolders of 1She closs of ord a8 Deriness becks Wil be mailed. ouN ¢ FANEY: Treasurer. ‘First Mortda(e Loan Applications Invited at 5)5% Construction Loans Glover & Flather 1508 H St. N.W. National 1753 & Trust Co. Cafital & Surplus $3,500,000.00 Corner 15th and New York Ave. Money Lou first “ ot Preva ‘.wml f; estate. First - Mortgage Money | 6% suxl;ms LOANS or IMPROVED PROPERTY Reasonable Rates Prompt Action B. E. SAUL CO. 925 15th St. Nat'l 2100 THE OLDEST SAVINGS INSTITUTION IN THE [DISTRICT OF COLUMBIA You'll Incur o Obligation —whatever in calling on OUR TRUST DEPART- MENT for.information as to Wills; choice of Trustee or Executor thereunder; disposition of Life Insur- ance so as to provide in- come for dependents, etc. {[Such information is yours for the asking. PHILADELPHIA June 3,71930 G. M..P. MURPHY & CO. MEMBERS NEW YORK STOCK EXGHANGE 52 Broadway, New York Connecticut at K—1510 H St.,, N. W., Washington RICHMOND A ol E =t s s s s e ‘We announce the opening of a Department to deal in Bank and Insurance Stocks equipped with complete trading facilities LONDON PROPERTY A p,ar’tmeht House " MA MANAGEMENT You will appreciate the de- tailed character of the service ers indicate the plan will meet the same fate this time. The success of the idea depends on its being favored unani- mously. It is not so viewed. ‘Wade H. Cooper, president of the we render when we have charge of your Apartment House properties. 3l 32 4l% 1% 43% 43% 104 106% 2% Indus Ray (b6 % stk) Ingersoli-Rand (n). Inland Steel (4). Inspiration Cop (2) .4 Insurance Sh (46¢c).. Bush Termni 100% Butte Cop & Z (50¢) . % Apartment 110 % 2% B * quarters of the American Express Co. Commercial National Bank and of the United States Savings Bank, brought it up this year. He had the luppon of a majority of the other bank officials in the city and every one of the clerks. Securities Offices Combined. - ‘Marshall O. Exnicious will be manager of the new office of the Chase Securi- ties Corporation, at 922 Fifteenth street, swhich will be opened tomorrow. The Chase corporation is connected with the Chase National Bank of New York, and the local office has been ‘in the head- on F street. The new office will be combined with the Equitable Securities Corporation es- tablishment, this action being taken as the result of the merger of the Chase: and Equitable Banks in New York. The Equitable personnel will be retained. The consolidation of the Chase .Na- tional, Equitable Trust and Interstate Trust, ratified by the stockholders on April 24, formally took effect at '/hz close of business last Saturday. resources of the new bank $2,400,000,000. Heard in Financial District. All trustees of the Northern Market Co. of Washington City were re-elected at the annual meeting of stockholders, held yesterday at the company’s offices, . Seventh and O streets northwest. They are W. W. Millan, Edward W. Donn, Charles Morgan, Floyd E. Davis, R. E. L. Smith, A. F. Harlan, J. Enos Ray, Jr., and Prederick L. Vogt. Characterizing credit cond\tlons the country over as generally on the up- grade, the June bulletin of the National Association of Credit Men, received yesterday by the Washington Associa- tlon of Credit Men, states that “if the tariff muddie can be cleared the fore- cast of close to normal tonditions for the last quarter of 1930 bids IIS! to hold good.” Austin B. Rohrbaugh has been pluen in charge of the customers’ security de- %:r!menl of the Washington Loan & ust Co. He has held an important position with the bank for several years. Business Notes NEW YORK, Jupe 3.—Union Carbide & Carbon Corporation plans construc- tion of dams and power plants to utilize extensive undeveloped water-power sites 1t owns in the United States and Eurvpe The power will be used in_turn chemical and metallurgical plants thlt are included in a th!ee-mx develop- ment program. ‘The Beatrice Crenmery Co. has ac- quired the Linderiverson Co., operating butter and ice cream plants at Fair- fleld, Iowa, and Washington, Iowa, and also Has purchased the Bruxton Cream- ery Co. of ouumn Towa. May shipments by by both the‘Reo and Buick Motor Cos. .were below both tm previous month and the corres riod of 1929. Buick ship 74 cll'l K May, against 9,601 in u lnd ap- proximately 12,000 in.May, 192 Reo untoutl'lnuummmm against 4,453 in like 1938 mufi 2647 in April, 1930, 5% 112% % 2% 89% ' 33% 30 T5% 226% 52% 34% 92 362% 132 241% 82 17% 52% 265, 464 The | 34014 37 A25% 104% 32% 67% 43 49 98% 18% 187% 52 B4% 35% 147% 33 B5% 22 59% 93% 117 19% 9. 2% 48 126% 2% Butte Superior. 70 Byers (A M). 65% Calif Packing (¢). .. 1 Callaahan Zine & Ld. 50% Calumet & Ariz (2).. 16% Calumet&Hec(all). 19 Campbell Wyant 12). 57% Canada Dry G A (5). 187% Canadian Paeific(10) 61 Can Pacific(new)w.L 264 Cannon Mills 12.80).. 86% Car Clin & Ohio (4).. 1924 Case (J 1) (6). . 115 Case (J 1) of (T).... Catepillar Trac (! %) BB 201% 631 Ches & Ohlo Corp (3) 11% Chi Great Western. . 34 ChiGreat Westn pf. 18¢ Chi Mil StP & Pue. $1% Chi Mil StP & Pa 136% 17% 109 100% 21% 53 301 40% 94% T 133% 48 59 Chi R 1 & Pacpf (6). Chickasah Cotton Ofl Childs Co 12.40) ... Chrysler Corp (3% . City lea ¥ (3 4o} N nEBmwanes s w8 Colgate-Pal-P 123). Collins & Atkm Comm Cred pf ( Com Credit 1st Cmwith & Sou of «§) Congoleum-Nairn. . . Congress Cigars (4 Consol Cgr pr pt 6% . 2008 Consol Film 12), 3 Consol Film pt (2) % Conso! Gas N ¥ (4).. 272 99% Consol Gas NY pt(§) 5 1 1 Consol Textile...... 12 Contalner(A) (1.30). 58 Insur (3.40)... " Sontl Motarse . 87 Corn Prod (18%).... 140 Corn Prod pf (7). 243% Coty. Inc (k2)... 25% Cream of Whtit23{). 10% Crosley Radio (1)... 43 Crown Cork & Seai,. 4 75% Cruetble Steel (k6).. 1 76% 110" Crucible Stesl pf (7). w- s 9 CubaCO.,ivvervnnns 61 /Cuban-Amer uu s - 2% 2% 984 100% 69% 116% 116% IOZK 103 21% 654 103% 1035 14 145 40 393 0% T0% 24 24 24 23y 4 131% 132 103 1% 15% 102% 106% 107% 144% 145 Intercontl Rubber... Intl Agricultural.... Intl Agricul pt (7) Intl Bus Mach (n6).. Intl Carriers, Ltd %« Intl Cement (4)....« Iatl Combustion Intl Harvester (3%). Intl Hydro El A (e3). Intl Match pt (4). ..o Intl Mer Marine (1).. 3 1 3 1 1 7 1 1 1 6 a1 48 23 6 3 Intl Nickl of Can(1) . 141 intl Pap & P (A)2.49. Intl Pap & Pwr 1Q).. 2 8 Jotl Paper pfu7),... 308 8 Intl Sait (8) . intl Tel & Teleg (2). Inter Dept Strs (2).. 64 2 Inter Dpt B pf xw (7). 708 Investors Equity(2). Jowel Tea (14), Johns-Manvili Jordan Motor Car...; Kaufmann DS (1%). Kn City Sou pf (4).. Kcuy-lvfl-: Tire Kelsey Hayes (3. Kelvinator Corp. Kennecott Cop ( Kolster Radio Kraft PhCh « Kraft Ph'Ch pf(6%) Kresge(8S)Co(1.60) Y 2 5 Jew 40 Kresge (S8) pf (7).. 50s ger & Toll 1.60.. Kroger Gr&Hak(n1). Lago Ofl & Trans ma Link Belt (2.60) Liquid Carbonte Loew's. Ine (3 Loew's. Inc of Loose- Wil 11 4« Loose-Wiles 1st (7). 305 Lorillard (P) Co. ... Louisiana Oil. . Lou G & El(A) llfl) Louts & Nash (7).... Ludlum Steel (3)...) McKee. McKesson & Rob (2). MeKes & Ro pf(3%). Mack Trucks ( Maey (RH)&Co(n Madison 8q G (1%) Magma Copper (5).. Mallison & Co. Manati Sugar. Man Elec Supply. 26 I3 5 b 56 pt T P1 (15) .. 151 2 18 Manhat Elev xtd (1) 20_.1 Man Shirt 42)...... Marlin-Rock (+14%).+ Marmon Mot (h50¢) Marshall Field (2%) May Dept Strs (02) ., InflIICOBl (3)euas MORTGAGE LOAN CORRESFPONDENT NEW YORK LIFE INSURANCE COMPANY 1321 Connecticut Ave. 5%9% o= Apply RAaNpALL H. HAGNER & COMPANY Decatur 3600 Mackubin, Goodrich & Co. Established 1899 BANKERS Members New York and Baltimore Stock Exchanges Associate Member New York Curb Exchange 1508 H STRERT ‘WASHINGTON, D.C. STOCKS REDWOOD & SOUTH STS. BALTIMORE, MD, BONDS COMMODITIES F. B. KEECH & COMPANY H CORNER 17TH ST., N. W.. WASHINGTON NATIONAL. 0245 SEASONAL BRANCH OFFICES PALM BRACH MIAMI SARATOSA SPRINGS BAR HARSOR BRETTON WOGDS Members of New York Stock Exchange Stock Exchange New Voo lnh-n.e Chicago Stock Exchange Chicago Board of Trade Liverpool Cotton Association, Ltd. New York Cotton Excl Bremen New Cotton Exchange (Assoe. "l-..flL ‘Wi N. Y. Coffee New York Cocon Minneapolis Chamber of Orleans Cm lichu. lu. New York National u.m“"l.-.n... fas . 925 15th St. N.W. GOOD THINGS “wont spoil YOURGirl! | T'S worth a few dollars a month to give your little girl advantages in life. The Guaranteed Investors Syndicate Plan will show you how to pro- vide the funds to give them to her. Compound ‘Interest works the magicl 'Send coupon for details. 175,000 Investors You are freed from all an- noyances and responsibilities. The regularly rendered state- ment tells the whole story. B. F. SAUL CO. Nat'l 2100 $4,000 College Fund bvl-d-'!m- onth —one of mdny IS slans INvESTORS SYNDICATE BARR BUILDING, WASHINGTON, D. G Telephone Metropolitan 1879 Oéfions in- {1 gripsipel wikes el Wi,