Evening Star Newspaper, June 9, 1930, Page 13

| FORMALLY OPENED ashington Mechanics Adds to Facilities—Echoes of Asheville Convention. BY EDWARD C. STONE. £ Another bank opened for business in Washington today—the new office of the Washington Mechanics Saving Bank, located at 3401 Connecticut ave- Rue, almost across from the foot of Newark street. President Ezra_Gould and the other officers of the bank greeted a great many business associates, patrons and friends during the forenoon. Many Iocal bankers were among those visit- ing the new bank to view the attractive exterior and note all the latest interior 4mprovements in banking equipment. The other officers include Clarence F. Burton, vice president and cashier; Dr. E. F. Pickford, vice presiden Maude H. Buckingham, secreta: Scott Offutt, John M. McCarthy, L. W. Davis and W. B. Mehler, assistant eashiers. Banks of flowers gave the new lobby yery much of a hothouse appearance. Many congratulations were extended to the architect, George Oakley Totton. jr. Opening of this bank gives the Wash- ington Mechanics Savings institution four offices. the others being located at Eighth and G streets southeast, East Capitol and Ninth streets, and at 3608 Connecticut avenue. The new bank is located in & thriving section of the city and one which the officials believe will continue to grow. The nearest banks to it are the Chevy Chase Savings Bank, near the circle, and the Connecticut Avenue branch of the Franklin National, downton. The bank will be open to receive visitors until 9 o'clock this evening. Bankers Home from Convention. Nearly 300 Washington bankers and their guests returned from the Grove Park Inn, Asheville, N. C.; from the Clubehouse, the Manor House and nelflhhorin“lcottllu in “the land of the sky, is morning, reaching the Union Station at 7 o'clock. Arrival of the party started the twelfth annual convention into history. It was a distinguished array of speak- ers who were heard on Saturday night at the “family dinner.” George O. Vass, who had served as convention chairman, presided. Among the speak- ers were Oscar Wells of Birmingham, Ala., and former president of the Ameri- can Bankers' Association; Roy A. Young, wvernor of the Federal Reserve System; rge J. Seay, governor of the Federal Reserve Bank of Richmond; James Bryens, former member of Congress from South Carolina, and Frank J. Hogan, counsel for the District Bankers’ Association. Wit flowed as it rarely flows at a banquet. The entertainment at the “family dinner” proved that Asheville has plen- ty of first-class talent. In addition to of the concert stage, delighted the audi- fence with several numbers. At the closing business session Attor- ney Frank J. Hogan paid a glowing tribute to A. I. Fleming, dean of Wash- n’s financial editors. Mr. Fleming replied in a very touching manner, at the conclusion of which he was accord- ed tremendous applause. The “grand old man of financial journalism,” as the bankers call “Pop,” has attended every convention from Deer Park to Asheville with one exception. Clearing Plans Are Revived. ‘The convention voted -to make a fhorough _investigation of a better method of olearing checks with banks in nearby Maryland and Virginia. This is the subject to which the Washington Clearing House Association devoted much attention several years ago. It came up again at this convention when John C. Franzoni, young Federal-Amer- fcan Bank clerk, Tead an essay on that Subject which received honorable men- tion by the judges in the institute essay contes Unfler the present plan checks on mearby banks have to be cleared through Richmond and Baltimore, This always takes considerable time. In one or two instances there have been de- lays of as many as 11 days. Bankers for years have been seeking some more direct method of dealing with these out- lying banks, who do almost all their business through Washington. The in- coming administration will again try to find a solution of the bafing problem. In his essay, the young writer sug- gested daily director ‘contact with rep- Tesentatives of the outlying institutions, many of his suggestions appearing to be highly practical. Another matter before the association related to the American Institute of Banking. The local chapter is spon- sored by the association. It was urged that the faculty be increased from 10 to 13 in order to provide for additional courses, which are much needed. The corvention favored a moderate incresse in tuition charges for thus enlarging the ‘work. Attorney Hogan, as counsel, addressed the convention on the subject of bank taxes, The question of certain re- bates brought the matter up. Mr. Hogan outlined the proper procedure. He then put the convention in an up- roar when he casually remarked: “You all know how gnxious I am at my a 1o avoid as far s possible all litigation. Resolutions Broad in Scope. Chairman John_Poole of the resolu- tions committee presented an extended set. Among other things, they called for sending messages to Maurice Otter- back, president of the Anacostia Bank: H. H. McKee, president of the National Capital Bank; J. W. McIntosh, former controller, and Maj. F. W. Patterson former financial editor of the Post, who are {ll. ‘The credit bureau drew special atten- tion and consideration. Reports showed it has done splendid work for the mem- FINANCIAL. ber banks during the year. The work| 315 has grown so fast that it is too much for the assistant secretary of the as- sociation, Miss Grace M. Bromley, to carry on 'in addition to her other duties. It is, therefore, the intention of the| 241% association to secure a credit expert during the coming to look after t.hmk important and very confidential work. ‘The committee on credentials report. ed 33 banks represented at the conven- ticn, hanging up 2 new attendance mark. The retiring president, W. J. Waller, was presented a handsome watch at the | 37 family dinner. 126% Other Convention Echoes. 110% In winning the Hibbs for the third [ 32 time, Clyde B. Asher made this golf | 67% trophy his permanent possession. 4 The Asheville Chamber of Commerce [ 49 furnished a most remarkable scenic| 98% tour and Mayor Roberts made a great | 13k hit in his address of welcome. The watch held by Charles L. Taylor showed that Albert 5. Gatley was the best top spinner present, thereby win- ning the McClean Cup. W. W. Spaid took the Hatton Cup| 4% and Robert V. Fleming the “Pop Flem- | 35% ing trophy.” The other winners have | 77 already been printed. P RO 110 CHECK PAYMENTS. 87% By the Associated Press. 199 Check payments by member banks in| {¢% principal clties declined 2 per cent dur- | & irg the week ended June 4, as compared | with the previous week, the Federal Re. serve Board announces. The period’s $5tat, for only five business dsys, was . 23 per cent less than for the corre-| " o0 sponding week of last year, which also| {0l contained but five business days. Totals| 77" for the comparable periods follow: WA ek ended June 4 HITA800 g7y, @nae week last Fédl 5:«,%% . 2% As 265 Cent RR of NJ (+12), 1 3% Century Rib Mills... 1 51% Cerro de Pasco (6). 5 201'% Ches & Ohio (10 NEW YO Low. 22 64% Abitibi P& P pf 23% Adams Exp € oo S ! 52 R Air Way T1 A.uu). Ajax Rubber........ Alaska Juneau...... Albany Wrap Paper. 3 Allegheny Corp..... u! Alleg Cp w $30 w514 Alleg Cpx $30 w514, Alleg Cpw S40 w 6% Alleg Steel(2.30) Allled Ch & Dy Allis-Chalmers (3).. 2. Am Bank Note pf n) ln- Am Bosch Magneto.. § 5 Am Brake Shoe(2.40) 7 118% Am Br Sh & F pf (7). 20s 8% Am Brown Bov Elec. 15 601 Am Brcwn B E pf(7) 40- 117% Am Can (4) 52 Am Car & Fdy (6). 4 Am Car & Fay pf(7). 3 Am Chain Co (3). 15 Am Chain pf (7). Am Chicle (12%).... Am Comm Alcohol. ., Am European Secu: Am & Forn Power. Am Hawallan S8 (l) Lea pf... Am Home Prod(4.20) Am Ice (14) Am Internatl «2) Am La Fr & Foamite Am LaFr & Foam pf. 40 Am Locomotive (4).. Am Mach & Fdy (7). Am Rolling ldlu(ll’) 71 Am Safety Razor(8). 3 Am Ship & Com 1 Am Shipbldg (new). 10s 4 Am Sm & Ref (4) 12 AmEm & Ref pf (7). 1 Am Solv & Chem. Am Sol&Ch ev pf(3). Am Steel Fdy (3). Am Sugar Ref (5). Am Sugar Ref pf (7) Am Sumatra Tob.... Am Tel & (€ Am Tobacco (8). Am Tobaceo B (8). AmZine Ld & Sm. Am Zinc pf (6).... Anaconda Cop (7). Anaconda W&C (3) .. Anchor Cap pf (6%). SrnwmanIiGelonane 2 Brora Armour of 11} (A) Armour of 11l (B). Armour of Ill of (7). Arnold Constable. Asso Appl Ind (4). Asso Dry G (2%) Asso D G 1st pf ( Atch To & 8 Fe (10).. Atch To & SF pf (5). Atl Coast Line (110). Atl Guif & W Ind(1). 10 Atl Refining (12).... Atlas Powder (4)... Atlas Powder pf (6).300s Atlas Stores (n1) Auburn Auto (34) Austin Nich pr A (3) Aviation Corp of Dal- dwin Loco (1% ). Balto & Ohlo (7 Balto & Ohlo pf (4) 3 Bamberger pf (6%). 108 Bang & Aroos (3% ). 6 Bang & Aroos pf (7). 30s Barker Bros (2).... llbl Barnsdall, A (2). Bayuk Cigar (3)..... Bayuk Cgr 1st pf(7). 20- 4 Beatrice Cream (4) Beech-Nut Pkg (3) chn‘-fl-minzwfl » » anRusmank Beth] Bethlehem St pf (7) Blaw-Knox (13%)... Bohn Al & Brass (3). Borden Co (k3) Borg Warner (3) Briggs Mfg Co. Briggs & Strat (2). British Em Stl 2d pf. Brockway Motor Trk Brockway Mot pf(7). Bklyn-Manhat (4) Bklyn Man Tr pf Bklyn Union Gu Brun: 1k Bruns Ter & R! 8. Bucyrus (1)... Bueyrusev pf (2%). Budd (EG) (1) Budd Wheel (1) Buff & Susque ctf Buff & Sus pf ctfs(4) 210' Bush Termnl (3% dis Term deb (7).. Cop & Z (60¢). 1 uperior. 3 Byers (A M). 7 Calif Packing (4).... 2 1 Callashan Zine & Ld. 4 50% Calumet & Ariz (2).. 7 16% Calumet&Hec(al%). & 19 Campbell Wyant (3). 2 49% Can Pacific(new)w.l 20 241% Cannon Mills (1.60).. 2 25 Certain-teed pf. 36 Checker Cab (4.20) 631% Ches & Ohio Corp (3) 4% Chi & Alton. 5% Chi & Alton pf. Chi & Eastern Il p: Chi Great W 34 ChlGreat W 18 Chi Mil StP & P: 30 Chi M1l StP & Pagpt. 59 78 Chicago & N W (5) 17% Chi Pnen Tool. 109 ChiR1&Pao (7)...0 98 ChiRI&Paepf (6). 1 {RI&Pacpt (7. 1 20 ChickasairCotton Oil 2 53 Childs Co 12.40). 30 Chrysler Corp (3). 40% City Ice&F (k3.60) 90 City Ice & F pf 634). xoo- 7% City Stores (500. Clark Equipment Coca-Cola (8) Coca-Cola A (3). 59 Colgate-Pal-P (3%). 5§ 14% Collins & Atkman. 36% Col Fuel & Irom (3).. 61 Colo Fuel & Ir pf (8). 108 69 Col Gas & &1 (2)... . 130 104% Col Gas & EI pf A(6) 4 21% Colum Graph (a28c). 284 1284% Columbian c-rh (16) 45 23% Comm Credit (3 18 31 Commm Credit & fijss 76% Com Credit 1st (.“) 2“! 36% Comm Inv Tr(gl.80) 4 9 99 Cmwith & Sou pf (6) 12 13% Congoleum-Nairn, 34 3914 Consol Cigar (7). 60'; Con Cgr pr pf xw 6% 'lfll 76% Consel Ci| nl (1).. 108 15% Consol 0 u.mml am> STOCK EXCHANGE Private Wire Direct to The Star Office. Prev. Low. Cless. Close 1204 120% 123% 1034 102% 102% 1034 82‘4 60% 0(1)‘5 1 15% 15% 5 l:gh 99% Consol Gas NY pf(5) 12 ContaimerA) (1.30). 4% Contatner(B).. 24% Contl Baking (A).... - 13 26% 135% 4 Contl Baking (B).... 4 74 Contl Bakingpf (3).. 2 79 77 50% Contl Can (2%). . 54 61% B59% 21 Contl Dia Fibre (3).. 20 2l 19% Contl Insur (3.40). 754 Crueible Steel (k§).. 8 75% 75 110 Crueible Steel pf (7) 10s 111% 111% 9 CubaCo.... .. 41% Cudahy Packing (4). 7 43 42 6% Curtiss WrightCorp 116 8% 8 10% Curt WrightCorp A. 23 11% 11% 64 Cutler-Hammer(3%) 3 68% 664 Devoe & R 1st Df (1). 104 237 139 Diamond Mateh ( 9% 6% Dome Min 30% 20 Dom Stores ($1.20) 87% 77 Drug Corporatn (4).. 2! 43% 27% Dunhill Intl (34). 18'; 15 Duplan Silk (1) 145% 112% Du Pont de N (14.70) 121 114% Dupont deN db pf(6) 255% 175% Eastman Kodak (18) 133 234% 220% 222% 374 24% Eaton Axle&Se3).. 5 62 40 Eitington-Schild pf.. 114% 81 Eleo Auto Lite ¢6). 110% 106% El Auto-Lite pf (1) 9% 4% Electric Boat. 103'% 49% K1 Pwr & Lt (1) 79% 66 Elec Storage Bat 1 66 39 Eng Pub Serv (2. u). 5 601 58 1074 94% Eng Pub Sve of (5).. 50% 39% Equit Office Bldg (3) 30% 134 Evans Auto Lag2%. 39% 12 Fairbanks Co pf. 50% 3415 Fairbanks Morse (3) 1 274 14% Fash Park Asso..... 6 5 80 50 Fash Pk Assopf (7). 80s 56 b55% b56% 55% 904 59% Fed Lt& Tre ($1%). 4 7l 70% 70% 72 98% 91 Fed Lt& Tracpf(6) 10s 954 95% 95% 954 43 3214 Fed Wat S, A (e3.40) 10 35% 34% 341 35% 38 29 Federated Dept Str 89% 65% Fid PhoFire[(2.60). 7 734 Tl 714 73% 21% 12% Fisk Rubistpfev..190s 13 12 13 13% 52% 42' Flosheim Shos A (3). 1 46 46 46 46 b s (3)e 1 31% 31% 31% 33% 50 38 Fourth Natl Invest.. 9 57% 16% Fox Film (A) (4)... au 55% 384 Freeport. Tex (15) 95% 90 Fuller pr pf(17.94) 86 80 Fuller 2d pf(17.40) 11% 5% Gabriel Snub(A); % 3% Gardner Motor 16% 12 Gen Am Inve 111% 99% GonAank&r(u) 61 71% 49% Gen Asphalt (4). 38' 25% Gen Bronze (3) 0) 11% 11% Gen Elec spec (60c).. 1 61% 46'4 Gen Food Corp (3)... 63 18% 11% Gen Gas&EL A(e30). 105 25 25 GenGas&EL B (30)., 1 106% 85% Gen G&EI cv pf(6) 1 44% 38% Gen Ital Eds (a 1 59% 45 Gen Mills (3) 8 54% 374 Gen Motors (13.30).. 562 96% 94% Gen Motors pf wi (5) 16 Gen Motors pf (7)... 24 t Out Adv (2) A 41% 32 GenOut Adv(A) (4). 1 52% 32% Gen PublicSve (b6).. 26 106% 85'% Gen Ry Signal (§)... 17 19% 18% Gen Realty & Otil... 10 160 91 Gen Real& Utpf(¢). 2 90 67 Gen Refractor(t4%) 19 101 99 Gen Steel Cast pt (6) 2 51% 39% Gen Theat Equip vta. 95 106% 80% Gillette Saf Ras(nb). 20 104% 95% Goodrich(BF) pt (1) 96% 62 Goodyear Tire (6)... 28 G Grand Unlon. 18 50% 37 Granite City Stl (4)= 43 32 Grant (WT) (1).eee 20 102 87 Grt North pf ( 26% 19% Gr NorctfsOre (a%. 19 34% 21% Grt West Sug(1.40)., 3 120 110% Grt West Sug pf (7). 40s 28 121 Grigsby Grunow.... 332 46% 32 Gulf Mobfle & North 10 98% 94 Guif Mo&NDL(6).. 1 80 50 GulfStatesSteel (4) 6 32 26 Hackensack W (1%) 140s 28% 12% Hahn Dept Stor 17 86% 71% Hahn Dept Spf(6}4) 2 31% 24 Hall (WF)PrCo(2)., 1 72% 55 Har Wkr Ref (133). 20 13% Hartman (B) (120). 1 17% 6% Hayes Body..... 92% 81 Helme (Geo H) (1104 31 22 Hercules Mot (1.80). 85 77% Hercules Powder (3). 1 Hercules Pow pf (7). 30s 3 4l% 26% Hol and Fur (et23%). 5 12% 6% Hollander Sons....a 1 80 741% Homestake Min (17). 1 29 14% Houdatlle Her B(2).. 20 63 49 Househld Fipf 13%. 116% 52% Houston Oll (b10%). 41% 26% Howe Sound (14%).. 53% 46% Hud&Man Ry (3.60). 62% 41% Hudson Motor (5)... 41 26% 17% Hupp Motor Car (21 16 136% 126 Illinois Central (7).. 4 80% 73% Illinois Cent lsIn(4). 108 32 204 Independ Ol &G(2). 12 17 5 Ind Motor Cycle. Ind Motor Cycle pf. - ° eondn 124 90 Indus Ray(b5% stk). 4 239 154% Ingersoli-Rand (t5)w 6 98 70% Inland Steel (4)...00 2 30% 16% Inspiration Cop (2).e 11 1% 13 Insurance 8h (46c).. 287 22 Interlake Irom (1). 815 4% Intl Agricultural, 197% 152' Intl Bus Mach (né) 19% 134 Intl Carriers, Litd %« 6% 55% Intl Cement (4) - a & oo - & 86 7813 Intl Pap&Pwrpf (7). 101 9315 Intl Print Ink pf (6). 153 69 IntlSalt(8)... 119 95 Intl Silver (18 - -3 & s PEITN-TH-TY 19 - RPN » 5] S e 40 24 Inter Dept Strs (3).. 26 29 17 Investors Equity(2). 8 d Creek Coal(4). "i ) 1231 118% Jones & Laugh pf(7) 20s 5% 2 Jordan Motor Car. 13% 11% Karstadt (R) (1.03).. 1 4115 24% Kayser Jullus (2%). & 160 85 Keith-Albee-Opf(7)s 1 6% 3% Kelly-Spring 'nr 42 204 Kelly-Spring 8% 387 22% Kelsey Hayes (3) 26% 7% Kelvinator Corp. 62% 41% Kennecott Cop (3). 59 49 Kimberly-Clark(13). 2 40% 20 Kinney (GR) (1).eews 4 8% 1% Kolster Radio. 16 55% 384 Kraft PhCh (1% 9 36% 29% Kresge(SS)Co( 15 9 7% Kresge Dept Stor 6 —_— cisen o cec. $O0DNHDUSA OB BIES 1AM i ae=aBl THE EVENING STAR, WASHINGTON, D. C, MONDAY, JUNE 9, 1930. STOCKS IRREGULAR, [ =rEs.2n s A few shares lost 4 points or more, in- cluding American & Foreign Power, Leh- man Corp. and Eastman Kodak. Shares losing 2 to 3 included American Water ‘Works, American Power & Light, North American, Atchison, Loews, Johns Man- ville, Radio Keith, Fox and Warner Trading of Nervous Charact- | Be, Amusements were sold 1 oot - reports of a letup in theater attendance er as Leaders Show |during May, although such a develob- : : acter. Rails and utilities were notably Price Recessions. Weak. BY CLAUDE A, JAGGER, BANK CLEARINGS. Associated Press Financial Editor. NEW YORK, June 9 (Special) —New NEW YORK, June 9—It was blue | York bank clearings, today, $610,000,000; Monday in Wall Street today, but some- | & year ago, $525,000,000. New York what less blue than expected in the|pank balances, today, $137,000,000: a more pessimistic quarters, after the bear |'year ago, $109,000,000. New York Fed- orgy of Saturday. Stocks again devel- |era] Reserve credit balances, today, oped heaviness and more than two | $127,000,000; a year ago, $101,000,000. score recorded new lows for the year, but selling was for the most part quiet and %rderl'y. ;n& the tlfik:r k;Dl fl'\rl{ DIVIDENDS DECLARED up abreast of e market. 'mportan shares generally declined 1 to 3 points, NEW YORK, June 9 (#).— with wider breaks appearing here and Regular. Fe Pay- Hidre of there, N R-ie riod. able. record, 31 Mar. 31 M . 18 Trade Reports, Mar. 1 The week-end trade reports gave no sl indication of a change in the trend of business, and traders generally appeared content to let the market drift. The sharp decline cn Saturday caused con- siderable liquidation of weakened mar- ginal accounts, but owing to the ex- June 16 tremely limited public participation in Siahe the market of late no frenzy of forced oS A% 3\"1: %: in Hquidation developed. |Dunlln Y June 14 It is now understood that the repa- | Eut"6as & rations bond issue will be held over until o next week, and it is regarded as un- |, likely that powerful banking interests would stand aside and permit the |H market to go into a severe slump while | Hes oo this issue is pending. At the same time, | wfer Biticiihsic Sew there appears little inclination to sup- 200 port the market so long as the selling June 13 June 18 June 28 June 18 Neets Inc, Al June 19 June 19 does not get out of hand. The meager | Phil El June 10 business news contained reports of | Philippe ) e A 00 June 19 further curtailment of steel mill opera- | g Buthl F144 tions at Chicago, and rumors of further nsiii' C:‘:" C"‘:"” i price shading. Consolidated Cigar cu ¢ o its annual dividend rate from $7 to $5. | SPeR XKells & Sons. .40c Call and time money continued plenti- Extra. ul By Mis Guar & Title .. .50¢ 0000 50 00 6 $0000 00D POOOOOLHOOD: e e Legal action against a group charged with manipulating the recent collapse lnm._L of Manhattan Electrical Supply appear- |y or o = ed to have inspired some caution in the bear camp. There was little inclination to cover short commitments, however, Omitted. and such buying as nx‘,pfl"d was on 6’5..9?-'“1\1 hol..40c Q scale down. 'Slight rallying tendencles | ~p; "5 Q Tiie: Sunsit appeared at times. aval Packet due at this time. Shares reaching new low ground in- Df due at this time cluded International Nickel, Pullman, vgglifi'n’{ Deriod from ’n‘a'n’y L S A......50c BA July 31 Tine Bark sfks atalle 20 T 3 38 o} Due July 1§ Tune in at 7:15 Tonight ANNOUNCING WMAL the first of a series of Financial Talks by MERRYLE STANLEY RUKEYSER ‘widely kmown econemist, cial editor, lecturer and author *LANTERNS that SIGNAL the RETURN of PROSPERITY" Broadcasting MONDAY EVENINGS, beginning June 9th over the basic network of the Columbia Broadcasting System. Investment recommendations on the New York Stock and Curb Market Exchanges broadcast by INDUSTRIAL DIGEST Stock Jarket Service Division 31 WOOSTER STREET NEW YORK CITY Refinancing at 1% offers the advantages of a longer loan term, and a lower interest rate . . May we prove to you, in detail, the sub- stantial savings possible through five and one- half per cent financing. ‘Prompt approvals— Valuable prepayment privileges— Three-year loans on newer properties without amortization H. L. Rust Company 1001 Fifteenth Street National 8100 ESTABLISHED 1889 SAFE FEIRST MORTGAGES IN FIGURING YOUR FINANCIAL WORTH you can put down at full value every dollar invested in our 6% FIRST MORTGAGES Over a Third —plus the specified interest— ofa for they never fail to return both Gritiy interest at regular intervals and Without 6 principal intact at maturity. Loss May be purchased in amounts from $250 up. B, F. SAUL CO National 2100 925 15th St. N.W. THERE IS NO SUBSTITUTE FOR SAFETY i 77 "FINANCIAE!) S8 A—13 National Metropolitan Bank 1814—Oldest National Bank in the District of Columbia—1930 15th St., Opposite U. S. Treasury Vacation —relaxation should be complete, bother about Dbusiness matters. { The facilities of OUR TRUST DEPT. can be availed of, in such con- mection, for any agreed time, at no great ex- We act as Gen- Equitable Co-operative Bldg. Ass'n JOHN JOY EDSON, President ‘WALTER S. PRATT, Jr., Secretary $5,723,083.61 Surplus & Profits. .$1,755,911.57 Subscription for the 99th Issue of Stock Being Received . . Conservative Investing The small, conservative investor will find our method of systematic saving a most satisfactory one. 915 F St. N.W. OUTSTANDING ’I’ HE Metropolitan Life Insurance Company Real Estate Loan Plan is one of the leaders in the field. Why?— Loans for Fifteen Years Reasonable Rates Low Interest Charges Consult 809 15th St. N.W. District 9486 Mortgage Loan Correspondent Metropolitan Life Insurance Company Station WMAL 9 to 10 P.M. Eastern Standard Time Columbia i Broadcasting System Ashevilie____WWNC Coast-to-Coast Network of 50 statioris Biltimere WA T Swliwatiah Birmingham__ WBRC Bost Addresses by JonN A. BUNNELL President Chicago Board of Trade Chattancoga..WDOD Chicago......... WMAQ Cincinnati .._WKRC Cleveland.......WHK S Sinas H. STRAWN Fort Wayne__WOWO Fresno. _KMJ Hopkinsville.. WRIW Houston........KTRH Indianapolis.. WFBM Kansas City_KMBC Little Rock....KLRA Los Angeles_._KHJ Memphis._._WREC Minneapolis . WCCO Nashville........ WLAC New Orleans...WDSU New York City WABC Norfolk........WTAR 0il City, Pa...WLBW Oklahoma City KFJF Omabha..........KOIL Philadelphia...WCAU Pittsburgh.._... WJAS Portland, Ore..KOIN Providence....WEAN Sacramento....KFBK St. Louis........ KMOX Salt Lake City KDYL San Antonio....KTSA San Francisco.KFRC Seattle. ..KOL Spokane...... _KFPY Syracuse......... WFBL Tacoma..... KVI Topeka.aww.. WIBW Toronto..........CFRB Washington... WMAL Waterloo, Ia....WMT Yankt0n e WNAX _— . Guest Soloist CHARLES MARSHALL' Tenor, Chicago Cisic Opers CW r Music by CuicA6co THEATRE SYMPHONY ORCHESTRA H. Leopold _)lhl.y New Board of Trade Building