Evening Star Newspaper, June 28, 1930, Page 13

FINANCIAL, 157 PEOPLE SEEK | INVESTMENT HELP Better Business Bureau Di- rector Reports Large Sums Saved Clients. BY EDWARD C. STONE. During the fiscal year just ended ’ Director Louis Rothschild reports that 2,157 individuals availed themselves of the faclities of the Better Business Bu- reau to ald them in investigating un- known securities or promoters. Since the bureau was es- tablised 9.618 such inquiries have been made and hun- dreds of thousands of dollars been saved for local in- vestors. In his report Mr. Rothschild named s # long list of swin- ¢ dlers who have been checked in their efforts to get § money away from Washington people, reported successful action against alleged bucket shops, and detailed the methods used by get-rich- Quick salesmen who have been out- witted by the bureau's efforts. Resi- dents of the District have been so well educated against fraud that many pro- moters have moved their activities to Maryland and nearby Virginia. As noted in his_annual report in Yesterday's Star, Director Rothschild depiores the fact that there is no blue gky law_here for use in punishing fraud. He makes it clear thoe the bureau does not oppose speculation, but feecls that any investor or speculator hes the right to know that he is as- $ Suming risks and not be led to believe that he is making a sound investment. Mr. Rothschild reports that two years ago 605 people appealed to the bureau in some alleged fraud, trickery, or some business controversy. Last yea: 437 ~complaints were taken up. This year 895 went to the bureau office, showing that the bureau is increasing its field and adding a great many friends in legitimate business. In referring to some of these cases Mr. Rothschild said: Refers to Typical Cases. “Typical of these instances is-the case of the elderly lady who bought a ir of shoes believing them to be black, t finding in the daylight that they were blue. The store manager refused to do anything about the matter. As ¢ this happened to be a chain establish- ment, an appeal to the home office guickly resulted in the lady being sat- isfied. Louis Rothsechild. “A number of complainants against one particular moving van company and a few similar complaints against other companies in this field resulted in the Better Business Bureau looking into this situation in a larger way dur- ing the past year. Conferences were held, both individually and in group, with the better companies in this line of business and the bureau hopes that by the co-operation of this group a real house-cleaning may later be undertaken in tkis field. “Typical complaints against this one company were injuring of furniture; contracting to move furniture from one city to another and then demanding a higher price than the contract specified before the goods would be delivered and when they were still in the van; ‘unjustified knocking and unethical con- duct toward cofnpetitors; and delaying goods in transit when their delivery according to the signed contract speci- fled a certain date. Activity in Merchandise Field “Again the Better Business . Burcau has expanded its merchandise services 85 is indicated in the fact that during the period covered by this report, the total number of cases handled was 4.721. This is an increase as compared with the preceding year total of 4,481 and shows consistent growth as com- pared with the figure of 3,914 mer- chandise cases in the year before. Of the total for the year 1929-30, 2,080 ‘were shopping investigations, 1,746 other investigations and 895 consumer rom- plaints of a merchandise nature. “The bureau is led to believe by the 4 Dublic and business responses to_its efforts, that the fiscal year ending July 1, 1930, was a most successful one; many achievements for the betterment of business having been made in a constructive way. Progress has been made toward that ideal of a community entirely free from misleading and un- truthful advertising and with a complete sbsence of questionable financial pro- motion. Our hopes and anticipations are that the coming year will witness even greater strides toward accuracy and fair play in business with complete ony and good will between the public and legitimate business,” Mr. Rothschild concluded. Analysis Covers Southern Dairies. In a review of Southern Dairies, Inc., 8 Washington concern, Standard Sta- '] tistics says in part: “Holding and managing concern, controlled by Kraft-Phenix Cheese, which in turn is now controlled by Na- tional Dairy Products. Subsidiaries operate in the district lying between Washington, D. C, and Miami, Fla. Principal products are ice cream, but- ter, milk and cream. apid expansion has been made in last few years, but costs also have mounted, resulting in small net profits, which have been still further diluted by steady increase in capitalization. Retrogression in sales volume occurred in 1929, but closer control of costs re- sulted in largest net income in history (aided, however, by reduction in depre- clation charges of around 50 per cent). Equaled $3.35 per class” A share. as compared- with $144 in 1928 and 70 cents in 1927. (Deficits on class B stock amounted to 69 cents a share in 1929, $2.290 in 1928 and $2.28 in 1927) 4 Unfavorable general business conditions have prevailed in the Southern terri- tory in late months, and it seems im- robable that substantial gain in earn- gs will occur this year, although ad- ditional progress in reduction of costs is not impossible. Financial condition at the end of 1929 was somewhat im- proved, with current assets 4.4 times current liabilities.” Heard in Financial District. A. G. Neal, controller of the Wash- ington Railway & Electric Co. and the Potomac Electric Power Co., is passing a month’s vacation on the Pacific Coast. This week he has been attend- ing the convention of the American Electric Raillway Association in San Francisco. 8. B. Murdock, formerly assistant g.mnxer trafic manager of the Sea- oard Air Line Railway at Norfolk, will be transferred to New York as assistant passenger _traffic manager, effective July 1. William H. Denny, general eastern passenger agent at New York, has been appointed general agent at ‘Washington. Stanley Co. of America and subsidi- aries report for 26 weeks ended March 1, 1930, consolidated mnet profit of $2,285,705, after charges and taxes, and excluding extraordinary profit arising from sale of investments. Warner Bros. Pictures, Inc., owns in excess of 99 per cent_of the capital stock of the Stan- Jey Co. of America. ‘W. L. Garey, formerly president of Royal Baking Powder Co. has joined the banking and investment firm of & Eastman, Dillon & Co. 4 Employment Drop Shown. NEW YORK, June 28 (#).—Employ- ment in 51 Toledo major plants, maimy automotive, for the week ended June 27 ghowed a total of 23,450, a decrease of ! 1,010 from the preceding week, and compared with 40,596 & year ago, THE EVENING STAR, WASHINGTON, B 05 SATURDAY. JUNE 28, 1930. FINANCIAL, Received by Private Wire Direct to The Star Office. Notice—All stocks are sold in one hundred-share lots | —Prev.1950—~ Stock and ting those designated by the letter s (65s) (285s) | Mirh- Low. . Dividend Rat which shows those stocks to be sold in odd fots o: oy en Co (2), ~Trev.1930—~ Stoek e, 9 4 Gobel (Adolf) High. Low. Dividend . Low. Close. Close. Gold Dust (2 424 22 Abitibl Pwr 26 26 26% Goodrich (B F) (4 3T% 21% Adams Exp ( 24% 24 24 23% Goodrich (BF) pf (1) 1% R RE . Goodyear Tire (5). 156% 114 13 121% 119% 120 121% Goodyear 1st of (7). 214 B iy i e s Gotham Silk Hosiery Granby Con Min ¢3). Granam-Patge. ..... Grand Siiver 8 (m1). 9w u 2 5w b4 B4 fu 354 18 Allegheny Corp. 21 19% 18% 19 10714 87 Alleg Cp w $30 191 -91 o1 343 232 Allled Ch & Dy 5 257 253% 263% 1264 121 Allled Ch&Dpf (). 2 123 1224 1224 8 484 Allls-Chalmera (3).0 10 50% 504 50t 23 Am Agricul Ch pf. 1 131 231 23 23 5 68 Am Bank Note (+3). 1 68 68 AL e 61 Am Bank Note pt (3)120s 614 s g 6 AmBeetSugar...... 2 6 ‘6 -6 et e L L 27 Am Bosch Magneto. . 30% ST 21% 8% Am Brown Bov Elec. Hahn Dept Stores. ... 156% 1084 Am Can (4)..... Hahn Dept S pf(814) 824 4z AmCata Pay i6) Hall (W F) Pr Co(2) 89 Am Chain Co (3) 39% 5 Hartman (B) (1.20). 36% Am Chicle (125%). 3914 9 Hershey Choe (6). . .. 4R o A e Hershey Choe of (15) 33% Am European Secut Houdaille-H (B)1.20 58I AT &P ora Fower.. Household Fin pf(4) 19% Am Hawaitan (110 i Houston O11 (610%). 81 ~AmTce (14). 5% Hudson Motor (5). .. 28% Am Internatl (2).... 4 Hupp Motor Car (3). 48 Am Locomotive (4).. Iitnots Centrai (7). . 65 Am Nat Gas pf (1) independ Ol & G (2). i Am Pwr& Lt (21)... Indian Refining. . 98 Am Pwr & Lt of (§). Indian Relining rcts. 75 AmP&LDLA (3%) Indus Ray(b5% stk) 80 Am P&LE ot A s1(B). ingersoli-Rand (16). 23% Am Ra&Std San 13, Insurance Sh (45c). . 51% Am Rolling Mill(n2) Insur ctfs(Md) (60c. 5215 Am Safety Razor(s). Intercontl Rubber 53 AmSm& Ref (4)..., 7 Am Solv & Chem. 21 Am Sol&Ch cv pf(3). 4214 Am Stores (2)...... 104 Am Sugar Ref pf (1) 9% Am Sumatra Tob, ... 200% Am Tel & Teleg (3).. 197 Am Tobacco (8). ... Grand Union........ Grant (W T) (1).... o= 115 114% 3 - o s o) Intl Bus Mach (n6).. Intl Carriers, Ltd % . [TITSI-T Y PI=1- TTOTUEEEPhPQY. 1 TG-SV 43 48 103% 104% 10 10 204% 206% 227 227 Intl Harvester (2% ). 227 281% 2 4 Intl Harvester pf(7). 11216 1121 Int] Hydro E1 A (e2) 8238, 2 ' Intl Match pt (4).... Intl Nickl of Can(1). Intl Pap & P (A)2.40. Intl Pap & Pwr (B).. Intl Pap&Pwr pf (7). Intl Print Ink pf (6). Intl Salt (new) Intl Shoe (3). . Intl Tel & Teleg (2) Inter Dept Strs 13). 197 Am Tobaceco B .. 106 Am Type Fdy pf (7). TEL Am Water Wks (n1) 441 Anaconda Cop (315). 9 19% Archer-Dan-M 12)... 2 21 4% Armour of 111 (A). o g 2% Armour of 11l (B 6 Arnold Constable. , e ) Asso Appl Ind (4)..7 94 Atch To & S Fe (10) . 153 Atl Coast Line (110). o }gg 50% Atl Refining (12) 3414 34y 25% Atlas Stores (n1) 27 27% Inter Dpt Strs pf(7). 91 Auburn Auto (§4)..,. 26% 98 Inter Dpt 8 pt xw(7), 52% Austrian Cred (3.82), b52% 52% Investors Equity(2). 37 Auto-Strop Saf R(3) 534 534 Island Creek Coal(4) 4% Aviation Corp of Del B% 54 Jewel Tea (14) . 19% Baldwin Loco (1%) . 20 20 Johns-Manville (3).. 981 Balto & Ohio (7)., G 100% 100% Jones & Laugh pf(7) 14 Barker Bros (2). 14% 14% Jordan Motor Car... 20% Barnsdall, A (2). 5 213 49% Beech-Nut Pkg (3) w»: f;?;’ Kelly-Spring 8% of. 27% Bendix Aviation (3). 284 29 811 Best&Co (2)uuvas,e 2% 42 424 5% Bethlehem Steel (6). 13 781 T9% 12214 Bethlehem Sti pt (7) 125 125 2814 Bohn Al & Brass (3). B0% - 30% 60'w Borden Co (ki) % 78 24 . Borg Warner (3) 2 244 4 Kuppenheimer (2).. ’s y 5% 16 Lambert Co (8) 1% British Empir i 1% 1% 1 Lib Owens F GI (1), 178% 115 Bklyn Union 123% 128% 124 Liggett & Myers(16) 119 17% 117% Ligg & Myers B(16). 30% 13% Bruns-Balk-Col 14% “1aw Link Belt (2.60)..... 33% 11 Bruns Ter & Ry 12% 128 Ligutd Carbonia (4). 81% 19% Bucyrus (1). 21% 21% Loew’s, Inc (3)..... 16% 7% Budd (EG) (1).1eew T T e O - 14% 8% Budd Wheel (1), ..., su 8% Loose-Wiles (12.80)" 74 271 Bullard Co (1.60),.er 30% 31 FOTLINED ()0 .o o) 43 264 Bulova Watch (3)... 2. 90 Loutsiana Oll....... 51% 294 Burr Add Mch (1), 31 3 LouG & El(A) (1%) 48% 29% Bush Termni (235) 31% 82 Louls & Nash (1) 4% 24 Butte Cop & 7 (50c) . i 2® Ludlum Steel (2)...; 5% 24 Butte Superior., v McCall Cory 112% 66% Byers (A M). P in e L 2% 1 Callaahan Zinc & Ld, 1 1 McLelian Stores. ... 33% 13 Calumet&Hec(a134), 15% Mack Trucks (6). 17 Campbell Wyant (1) Madison Sa G (1%) Dry G A (5). Magma Copper (4). Manati Sugar pf.... Man Elec Supply. ... Man Elev mod g (d5) Bf (7)., B dr 28 Market St Ry....... 5 B s Bk n Kennecott Cop (3)... Kinney (G R) (1) Kolster Radlo. . - Kreuger & Toll 1.60.. Kroger Gr&Rak(n1). Caterpillar Trac 13% Marmon Mot (h50¢) .. 10% Celotex Co. Marshall Field (234) Maytag Co (12) Maytag Co pf (3). Mexican Seaboard Chi R 1 & Pac pt (6) 4 B Ll L ChiR1&Pacpf(1). 1 5 el L Chi Yellow Cab (3). Chickasah Cotton Ofi Childs Co (2.40) Chrysler Corp (3)..+ 88% City lee&F (k3.60). 132‘;: g’l’ Stores (50 0Ca-Cola (6). .+ 1100 14% Collins & Alkman. e Natl Biacutt . 14% Colina & Atkmnai... Natl Biscuit 0340} 65 Colo & Sou 2d pt (4), Nt Enaig & Starn 581 Col Gas & EI (3)...., N Lot 1044 Col Gas & El pt A(8) Natl Lead pf(A) {131 16% Colum Graph (a2bc). XAt Bwt &Lt 0130 0s 108 Columbian Carb (16) h'.“ .?"r .” o 23% Comm Credit (3) NattBepos 1% Comm Credit A (3).+ Nati Sucety (6), 30 ' Com Inv T ov pf(e6) Nevada Copper ( 20% Comm Solvents (31) A\'e‘l z gopnler” 123% Comwlth & Sou(60c) o N'Y Alrbrake (3.6 99 Cmwlth & Sou pf (6) N Y Contral (h). 10% Congoleum-N: I Cmao S0l CET pr pf 6% . 5 15% Consol Fim (a1, ™ N ¥ Ont & Wentor 18 Consol Film pf (2) : ’(finAl .A .ll‘l:z: 96% Consol Gas N ¥ (4).. North Amib10% stk) 33!& ggzllglRGClthz D:;l) Nzn‘horr'n“l’lcmo.fi) Ul « " » 1;: g:nu:n-n:r 1.20). 23’;‘ :’Iclflc :: (5).: ntainer(B) i - 18% Cont! Baking (A), Oliver Farm Equip.. 3% Contl Baking (B) Ottt 504 Contl Can (2% ). rs itk bl y 50 " Contl Insur (340} .+ b 3% Contl Motor Pacific Gas & El (2) ., '135. (-:Onll Otl of 1. Pacific Tel &Tel (7) 20 Contl Shares (1), Packard Motor (1) fz% t_'nrn Prod Ref(14%) Am Petm (B). 70% Coueible Bieai (ki) Faramnt Bubliz () 104" Crucible Steel pt (7). h ¢ 61 CubaRRpf (6). . e 5 Cuban-Amer Sugar, , 47 Cuban-Amer Sug p! 8% Cudahy Packing (4 614 Curtias Wright Corp 8% Curt Wright Corp A. 24% Davison Chemfcal. .. 20 Deere & Co pf (1.40). 146 Delaware & Hud (). 110% Del Lack & Wn (17). 45 Denver & RG W pf W); 195% Detroit Edison (8) Mother Lode (20¢). . Motor Meter G & El,. : Motor Products (2).. 3 2 Murray (b2 %stk)... Nash Motors (6). Nat Acme (1 - Penick & Ford (1) Penney (J C) (3). Penn Dixis Cement. “ Penua RR (4).. Pere Margq or pf (5) Pet Milk (1%)... Petrol Corp (13%) Phila Co 6% pf (2). Phila Read C & 1... Philip Morris (1). Phillips anrm (n: ol ce Pel Pillsbury Flour (2).. .o 2 6 4 Pirelll, Italy (23.14) 100% Du Pont de N (14.70. 7 glull;‘g 'L‘(r;x.l ‘(;,n 175% Eastman Kodak (13) oor & Co U P Rican Am To (B) 120% Eastman Kod pf (6). e TIRICe LITE) Proc & Gamble (2). ¢ Prod & Refiners Pub Serv.N J (3.40) Pub Serv E&G pf(6). Punta Alegre Sugar % Pure Ofl (1%)... Purity Bakeries (4). Radto Corp. Radio Corp (. Radio-Keith-Orph A, 105 €1 Pwr & Lt of (7). 39% Equit Office Bldg (3) 354 Erle R R. . 12 Eureka Ca « 6% Evans Auto Loadin, 844 Fairbanks Mo: ) 30 Fed Wat 8. A (e2.40) 46 First Nat Strs (3%). 6% Fisk Rubber 18t pf.. 26 Follansbee Bros (3). 601 Foster Wheeler (2).. 28% Fourth Natl I 16% Fox Film (A) (4) ... 37 Freeport. Tex (15).. 5% Gabriel Snub(A)new 67% Gamewell Co () 2% d Reading 2d pf (2)..a1 Rels (Robt) & Co...: Rem Rand (1.60). 4 Reo Motor Car (80c). Republic Steel (4) Republic Steel pf (8) Revere C&B of (7).. Reynolds Tob B (3). Rhine W E1 P (2.16). Richfleld Ol (3). Rio Grande Oll (2)... Rossia Insur (2.20) Roy Dutch (a1.3415). Safeway (e5). o h Lead 78% Gen Am Tnk Car(34) Asphalt (4).. Bronze (3). Cabl 32 GenCable (A) 60% Gen Cleotrio (1.60. 11% Gen Elec spec (60¢) 46% Gen Food Corp (3). ., 8 Gen Gas&EL A(e30). 404 Gen Mills (3)....... 374 Gen Motors (13.30).. Sears Roebuck( Second Natl lnv 1 39 96lx 92% Gen Motors pf wi (5) o 9% 92% 131% 117% Gen Motors pf (7) 126% 126% b2% 30% Gen PublicSve (b8 flu flh 6 321 31% 32% B82% 6 68% 671 6Bl 0 106% 66% Gillette Bag NEW YORK STOCK EXCHANGE s - 5 & » » RommSvorcanmmlrearBuns o e S PIMOPEE: e 1 e Fxadal BEARSAREDRIVEN TOCOVERTOEKS Resistance to Pressure Forces Short Sellers to Take in Contracts. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, June 28.—The best! prices of the session were made at the close of today's stock market, waen a brisk covering movement set in, center- ing on General Electric, American Can and Westinghouse Electric. Convinced that they were making no progress, op- erators for the decline retired their con- tracts over the week end. Price changes at the end wefe mixed. Selling of United States Steel, Amer- ican Can, Westinghouse and Vanadium was not so effective. Demand for all these issues showed that some investors at least were willing to buy for the long pull. It must not be forgotten that the market has received no important bank- | ing support on this decline. It has been allowed to take care of itself, with- out help from those who usually spon- sor the pivotal stocks. Under the cir- cumstances, it has made an extraor- dinarily good showing. Meanwhile, the short interest has been steadily grow- ing and the technical position cnn’e-; spondingly improved. Utilities receded for a time, including Electric Power & Light, North Ameri- can and Standard Gas & Electric, Consolidated Gas did better than the others, probably because it, too, has a high investment rating. The point of greatest significance about the trading, however, was again the small volume. Sales on the ex- change today totaled 586,500 shares. This was the smallest two-hour session since July 21, 1928, when 536,100 shares were sold. The smallest Saturday ses- sion on record was December 26, 1914, when 23,323 shares were sold. BALTIMORE & OHIO APPOINTMENTS MADE Special Dispatch to The Star. BALTIMORE, Md., June 28.—An- nouncement of the appointment of O. S. Lewis as general freight traffic man- ager and Samuel House as freight traf- fic manager, Baltimore, of the Balti- more & Ohio Railroad, effective July 1, was made today by Golder Shumate, vice president, in charge of freight traffic. Mr. Lewis has been freight traffic manager at Baltimore for nine years and has been in railroad service 46 years, 38 years of which has been with the Baltimore & Ohio, with which he started in 1892 in the. accounting de- partment at Cincinnati. Mr. House has been assistant freight traffic manager at Baltimore since February 1, 1924. All of his railroad experience has been in the general of- fices of the Baltimore & Ohio at Bal- timore, where he started in the freight claim department on May 28, 1901. RAILROAD EARNINGS. NEW YORK, June 28 (#).—May net operating income of railroads reported today continued to show decreases from figures for the like month last year, excepting in a few cases. Among those reported were: Atlantic Coast Line. Chi., Ind. & Louisvil Louisville & vil Tennessee ‘Central. Western Pacific... [\l 179,12 Pittsburgh & Lake Erie. 163,592 *Deficit. g BANK CLEARINGS. NEW YORK, -June 28 (Special). New York bank clearings, today, $: 527,000,000; a year ago, $2,025,000,000. New York bank . balances, $190,000,- 000; a year ago, $241,000,000. New York Federal Reserve credit balances, $155,000,000; a year ago, $195,000,000. Baltimore Markets l Special Dispatch to The Star. BALTIMORE, Md., June 28—Po- tatoes, white, 100 pounds, 2.00a2.50: new, barrel, 1.75a3.25; asparagus, dozen. | 100, 1.50a2.50; cabbage, hamper, 40a75; carrots, 100, 2.00a4.00; celery crate, 3.00 123.50; corn, crate, 1.00a2.25; cucumbers, hamper, 60a75; lima beans, bushel, 2.00 23.25; lettuce, crate, 1.00a1.50; onions, bushel, 75a1.15; green, 100, 75a1.25; peppers, crate, 1.25a2.50; peas, bushel, 125a3.25; spinach, bushel, 75al00; squash hamper, 25a40; tomatoes, crate, 50a1.50; apples, bushel, 1.25a3.00: black- 1.5026.00; oranges, box, 3.75a9.00; pes cral 11.50a3.00: pineapples, crate, 3.00a4.00; watermelons, 100, 30.00a50.00. Dairy Market. Poultry, alive — Chickens, Springs, pound, 25a35; Leghorns, 2la24; old roosters, 13a15; old hens, 21a24; Leg- horns, 14a18; ducks, 16al8: guinea fowls, each, 50a75; pigeons, pair, 25. Eggs—Receipts, 1907 cases; nearby firsts. 22'5; Southern firsts, 21'5. Butter—Good to fancy creamery, pound, 33a35; ladles, 24a25; rolls, 24a 25; process, 28a29; store-packed, 18. MAIN FACTOFiS FAVOR HIGHER BOND PRICES| “The two main factors determining | bond prices, namely, commodity price | levels and conditions of the money market, continue distinctly favorable for further advance of fixed income securities” says the Brookmire Eco- nomic Service. “When commodity prices rise, the decreased purchasing power of money results in a demand on the part of the bond investor for a higher rate of return to compensate in a meas- ure for the depreciation in purchasing power of his income. On the other hand. when commodity prices decline and his income increases in purchasing power, he will be willing to accept a lower ‘rate of money return. But the influence of changes in commodity prices does not become effective imme- diately. ~There is normaily several months Iag before any definite effect is shown.” INDUSTRIAL ALCOHOL MERGER PLAN EFFECTED By the Associated Press. CINCINNATT, June 28'—By a combi- nation of stock interests embracing total assets appraised at $21,000,000, a merger has been effected by three cor- porations engaged in the production of industrial alcohol, by-products and other chemicals, it was said today by Victor M. O'Shaughnessey, Lawrence- burg, Ind., who is to be president of the new corporation. ‘The merger includes the plants and properties of the General Industrial Alcohol Corporation, the Rossville Com- mercial Alcohol Corporation and the American Solvents & Chemical Co. of New York, The company will be known as the American Solvents & Chemical Co., with headquarters in New York. QUARTERLY DIVIDEND. The regular quarterly dividend of $1.75 has been declared on the $7 pre- ferred stock of International Utilities Corporation, payable August 1, to stock- holders of record July 18. The board also declared the regular quarterly divi- dend of 87!: cents per share on the class “A” stock, payable July 15, to stocknolders of record June 30. Money to Loan First Mortgage Loans In Arlington County and Alexandria, Virginia Commonwealth Investment Co., Inc. 806 15(h St. N.W. Phone Natlonal 2623 Mortgage Loan Correspondent for The Prudential Insuramce Co. of America First Mortgage Loans On improved Real Estate in the District of Columbia ' d Virginia for 3, 5 or 10 year terms on your and nearby Maryland Home RANDALL H. HAG! 1321 Connecticut Ave. Our Babylonian Heritage SOME 5,000 years ago the wise men of Baby! . portant decision. The week they said should contain s day should be twenty-four hours. Every hour should be divided into sixty minutes and every minute into sixty seconds. This simple standardized division of time has served throughout the ages the needs of commerce and industry —rich and poor equally. profit alike from plan of investment—a plan which has been tested b; The 6 per cent First Mortgage Notes sold through Sw: Hensey Company ments. These N ord of complete safety that extends They are profitable for the rich and poor alike for they may be purchased in denominations of $100 or $100,000 and each inves- tor receives the same careful service which has made them safe for more * than half a century. over 61 years, = 5%% Apply MORTGAGE LOAN CORRESPONDENT NEW YORK LIFE INSURANCE COMPANY In finance rich and poor Office Building Business Property NER & COMPANY Decatur 3600 lonia made an im- even days. Each have benefited a sound, standard y time, artzell, Rheem & are such invest- otes have a rec- 75a3.00; beans, hamper, 35a75; beets | s DIVIDENDS DECLARED NEW YORK, June:28 (#).— Regular. Pe- Pav. HI Company. Rate. riod. able. Am Elec Sec +..10¢ Am Glansstoff pt. 31,18 Am Vitrified Prod..80c - el ) July 19 G iwich Shops pf........$178 June 20 Bancroft (Jos)) & ns pr. ... 8178 British Type Tav A Bunker Hill & Sul- livan M Corn Prod Do. D! Curtis Pul PO." nd pf Devonshire Dixie G & Ul Fairbanks Mor & Co rory | Strs pf.$1.50 Mid W Util 36 pf.+51.50 N W _Engineering..50c Penmans "Ltd....... $1 150 0. pi o Eoovers Bros ‘Trié pf, Stand Invest pr.$1.3715 A Truax Traer Coal..40¢ Q Au. Extra, Am El Sec pt pf..50c Aug. Bunker Hill & Sul- % livan Min.. ... .28 Cheo Un Stk'¥ds!. 2 Corn Prod..........50c g 233283083 e 0%0000000%00000000022R000DO0R ga o Opoo e o July 5 June 30 July Initi: United Bus Pub.$1.25 Reduced. Bk of Siclly Tr....30c Q July 10 Bansicilia Corp A.llsc Q Do. SRR | Devoe & 'Reyn’'Al'30c Q DO, BeoivseressessdiS G Tnterim. Power Corp of Can.$1 Stock. Middle West Util..2% Q Aug. 15 Omitted. Eagle-Picher Lead.20c Q Due July 15, Kansas City Pub Ser $7 pf A.......51 Q DueJuly 1. Deferred. Gon Cable A. 81 Q Reserved for considera- tion until Aug. 12 *Pavable in cash or stock. INVESTMENT TRUSTS NEW YORK, June 27 (#).—Over-the- counter market: . . Asked. British Type Invest. Big, Askpd Cont Metro Bank Shares A, s 8 Diversified Trustee Shares A Do ¢! : Gude Winmiil Trad. Jackson & Curtis In Leaders of Industry. Bank & Trus ‘ow Shares A U 8 Elec Lt & Pow Shares B. Others unchanged. First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. 24-Hour Parkinfi Bldg. 01 Baxement of Investment 15th & K Sts. Met. July 8! June 30 June 20 June 30 | Money on Hand to bu. an on First Deed of Trust 6% Interest Reasonable Commission and Prompt_Re, to Applicat Real Estate Loans 517 & 6} Applications invited for Loans on District of Columbia and Maryland Properties. SHANNON & LUCHS 1435 K St. N.W. National 2345 Property Management Over 30 years’ suc- cessful handling of rents—economical con- ideration for owners. Personal attention to details and prompt remittances. Also facilities for financing. Moore & Hill, Inc. (Since 1900) 730 17th Street TIRES 3436 14th St. N.W. Adams 8100 Road Servico—Charse A ts Fixed Financial Return That is one of the main features of appeal of our 6% FIRST MORTGAGES —as an investment. The inter- est is definitely fixed continuous throughout the term of the mort- Over a Third gage. of & Ceontury from Without @ Loss Another feature is the relief frequent worries — and the third is the security vested in conservative- ly appraised real estate, reinvestment May be purchased in amounts from $250 up. B. F. SAUL CO. National 2100 925 15th St. N.W. Capital & Surplus $3,500,000.00 Deposits invited in any amount. Open Until 5:30 P.M. June 30th July1 &2 Must You Forego a Vacation —this Summer, because of lack of funds? Systematic saving through- out the year insures ready cash for travel, for unforeseen emergencies, for opportunities. {[Start a bank account This Pay Day and make Washington's Oldest Sav- ings Institution your co-worker. We're at your service, Same Rate of Interest Paid On Large and Small Accounts OFFICE WILLIAM D, HOOVER.. WOODBURY BLAIR... FRANK STETSON, 2nd Viee Pres. SWARTZFLL, RHEEM & HENSEY Co. MORTGAGE BANKERS 727 15 STREET N.W. / WASHINGTON D.C.. M. BOTELER... . AUDLEY A. P. SAVAGE DIRECTORS: AMES J. BECKE) OODBURY BLAII WM. A H. CHUI WALTER C. CI VER BRUCE HOWE ALD 8. HUIDEK RAUZFMANN - a7 » WILLIAM B WiLE HARLEY P, WILSON National Savings & Trust Co. 64th Year Ofldest Savings Institution in the District of Columbia Cor. 15th and New York Ave.