Evening Star Newspaper, July 1, 1930, Page 13

ANCIAL THE EVENING PRICES ARE STEADY | ON EXCHANGE HERE Bonds Gain Attention With Stocks in Trade on Local Market. BY EDWARD C. STONE. Prices were steady on the Washing- ton Stock Exchange today, with bonds getting fully as much attention as stocks. The market opened with Norfolk & Washington Steamboat rights selling at | 16 and 16'<. Potomac Electric Power 6 per cent preferred sold at 111 and the 515 per cent fssue came out at 108. Federal - American National *Bank stock sold at 275, District National Se- curities preferred at 67 and_Peoples Drug Stores preferred at 103':. The final stock sale was in Capital Traction, which moved to the extent of only 15| shares at 58 ‘ In the bond division $4,000 Potomac | Electric Consolidated 5s moved at 102!;, a sale of $1,000 Washington Railway & | Electric 4s took place at 86 ang the | largest turnover of the day w., in Capital Traction 5s, $5500 of these bon*s changing hands at 91. Gas issues changed hands in small denominations. Fifth District Sales Compared. ‘The Federal Board gives the follo ing comparisons of sales in the depart- ment stores in the Richmond district for May of this year with last year. Comparisons for the average sales in the United States also being set off against the corresponding month Iast year: Sales by =Total Rich- Departments for mond v.’s. "dist PIECE GOODS. and Silks Wooler Cott Line: Dom . ‘muslins, READY-TO-WEAR ACCESSORIES Neckwear, scarfs. Milline: Gloves W Corsets, b Hostery ¢ Knit underwea ek muslin_ underwear ather £00ds. . s_shoes n's shoes Roods. .. b=t [RE2Y ildren’s) children's) wanoonanian ! Suwns wear SR MEN'S. BOYS' WEAR. Men's clothing 2 s, hatsl €aps. . Bo: o s shoes. HOUSEFURNISHINGS. Furniture Orientai righ The above sales when summarized #how an average gain of 4 per cent over the corresponding period in 1929, Bank Call Expected Soon, The controller of the currency usu- ally issues a call for the condifion of all national banks and all banks in the District of Columbia at about this season of the year. Judging the future by the past, such a call is likely to come along soon. Conversation with various local bank- ers - indicates that the Washington banks will make a pretty good showing, pernaps reveal a fair increese over the last call made on March 27. Recently there have been reports that deposits have been increasing steadily and that a new attitude toward thrift was born shortly after the Wall Street crash last November. This effort on the part of bank de- positors o save more money has been especially notable in the savings banks and the savings departments of the national banks and trust companies. ‘The number of new accounts started in recent wecks in local banks- has been_gratifying, bankers say. Savings usually increase during the Spring of the year as depositors provide for va- cations and other expenses, some of this money being drawn out during the Summer. Deposits reported on the next bank call will be drawn down somewhat by payment of the intangible tax which is due for the first time on July 1. Bank- ers also state that some funds have been withdrawn by people who are un- ployed. How much this will re- duce the total deposits of some 43 banks is hard to say. . Montgomery Joins Broker Firm. G. M.-P. Murphy & Co. announce that Warwick Montgomery has become a member of their Washington staff Mr. Montgomery is well known here, having been born and raised in Wask ington. For eight years he was in the Teal estate business, specializing in in- vestments and management of {gust funds. In the Spring of 1929 he ent the brokerage business with Harriss & Vose. He will be located in the down- town office of the.company, at 1510 H street northwest. Local Dividends Declared. ‘The board of directors of the John H. Wilkins Co., coffee merchants, have declared the regular semi-annual divi- dend of $4 per share on the outstand- ing_preferred stock and a dividend of $150 per share on the outstanding common stock, both dividends payable July 10, 1930 The Continental Trust Co. paid a dividend of 1% per cent to shareholders of the company on June 30, the secre- tary announces The list of J ily 1 local dividends was a very long one today. Nearly every bank in the city paid a semi-annual or quarterly dividend today or yesterday. The Washington Stock Exchange sheet shows that a host of other corporations ! also made interest disbursements. Heard in Financial District. H. G. Hoskinson, one of the vice presi- of the Riggs National Bank, is taking his annual vacatfon. He is spending a part of the time at the Blue Ridge Rod and Gun Club. The District Bankers' Association is planning for expansion o* the work at headquarters, as was voted at the recent annual convention at Asheville, N. C. It is announced that Brooke, Stokes & Co. will handle the sale of the re- cently issued Public Service Trust shares in this city. American exports for first quarter of 1930 were only 4 per cent below the average for similar periods from 1924- 1928, but were 20 per cent under first quarter of 192, according to United States Chamber of Commerce, ‘Announcement was made today py the American section of the Interna- tional Chamber of Commerce of the ap- pointment of Silas H. Strawn of Chi- cago as chairman of the American com- mittee_of that_organization. He suc- ceeds Thomas W. Lamont, whose term xpired June 30. ; Rights to subscribe to the 2350,000 shares of American Telephone & Tele- graph stock offered to shareholders in April, expire August 1. A big subscrip- tion is likely with the stockholders, who now number approximately 500,000, taking the offer. COAL OUTPUT RISING Increase of One Per Cent Regis- tered for Week Ending June 21. Bituminous coal production, while still materially under the figures for 929, registered an increase of 1 per nt for the week ended June 21, as pmpared with the previous week. Out- t for comparable periods is given, as pliows, by the Bureau of Mines. ‘Week ended June 21, 7,900,000 tons; revious week, 7,986,000 tons; same reek of 1929, 9,199,000 tons. —_—- One hundred houses a day are being ected in London, NEW YORK STOCK EXCHANGE Received by Private Wire Notice—All stocks are sold In one hundred-share lots excepting those designated by the letter s (658) which shows those stocks to be sold in odd lots only. ~Trev.19%0—~ High. Low. 66 87% 92 Stock and Dividend Rate. Abraham Strauss. .. 21% Adams Exp (1.60). .. 5% Adams Exp: 82 23 Adams Millis (2). 84% 20% Addressograph (1%) 2 8 Advance Rumley. 41% 157 Advance Rumley pf 156% 114 Alr Reduction (3)... 86 16 Alr Way Tl Ap(2%). 214 1 Ajax Rubber. 9% 44 Alaska Juneau.. 85% 18 Allegheny Corp.... 107% BT AllegCpW 330 wio's 99% 90 Alleg Cpw $30 w 5% 343 232 Allled Ch & Dye(n6). 68 48% Allis-Chalmers (3).. 81% 18 Amerada Corp (2)... 97% 68 Am Bank Note (13). 61 Am Bank Note pf (3) 27 Am Bosch Magneto. . 41'c Am Brake Shoe(2.40) 8% Am Brown Bov Elec. Sales— Add 00. High. 10814 Am Can (4)... . 6 140'% Am Canpf (7)...... 42 AmCar & Fdy (6)... 95 Am Car & Fdy pt(7). 39 Am Chatn Co 3) 36% Am Chicle (12%). 9% Am Comm Alcohol 3'x Am European Secur 56 Am & Forn Power. 19 Am Hawaitan (110) 17'4 Am Hide & Lea pf... Am Home Prod (4.20) A1 AmIce (t4) 28% Am Internat . 47% Am Locomotive (4).. 88 Am Locomot pf (7).. 180 Am Mach & Fdy (7). Am Mach & 9% Am Mach & Metals. . 304 Am Metal (3) 70 Am News (jt4) 2% Am Pwr & Lt (2 99 Am Pwr & Lt pf (6).. % Am Ra&Std San 13%.. 154 Am Republics...... 51'% Am Rolling Mill(n2) 467% Am Shipbuilding (5) 53 Am Sm & Ref (4).... 38 Am Snuff (13%). 6% Am Solv & Chem. . 21 Am Sol&Chev pf(3). 47 AmSugar Ref (6)... 103% Am Sugar Ref pt (1) 9% Am Sumatra Tob. ... 200'% Am Tel & Teleg (9).. Am Tobacco (8)....» Am Tobacco B (8). Am Type Fdry (8)... Am Type Fdy ptf (7). 7814 Am Water Wks (n1). 19% Am Woolen pt. ) 5 Am Writ Paper ctf 615 AmZinc Ld & Sm.... 445 Anaconda Cop (3%4). 18 Andes Copper (112). 19% Archer-Dan-M (2)... 74'4 Armour of Del p£(7), 4% Armour of Il (A)u.m 2% Armour of Il (B)..a 347 Anchor Cap (2.40).., 6 Arnold Constable. ... 10 Artloom (2).. ) 31% Asso Appl ind (4). 28 Asso Dry G (234) 85 Asso DG Istpf (6).. 85 Asso Dry G 2d pt (1) 194 Atch To& S Fe (10). 102% Atch To & SF pf (5). 0% Atl Refining (12).. 101 25% Atlas Stores (n1) $1 Auburn Auto (14) 4 Austin Nichol 25% Austin Nich pr A (3) 87 Auto-Strop Saf R(3) 4% Aviation Corp of Del 19% Baldwin Loco (1%) . 104 Baldwin Loco pt (7). 9814 Balto & Ohio (7).. 78% Balto & Ohio pf (4).. 107 Bamberger pf (6%). 63 Bang & Aroos (3%) 20% Barnsdall, A (3). 49% Bayuk Clgar (3)..... 97 Bayuk Cgr 1st pf(7). 79% Belg N Ry pt pf 6.49. 27% Bendix Aviation (2). 31% Best&Co (2).... T5% Bethiehem Steel (6). 122% Bethlehem Sti pf (7) 2814 Bohn Al & Brass (3). 60% Borden Co (k3) 23% Borg Warner (3) 13% Briggs Mfg Co. 12 Brockway Motor Trk 58% Bklyn-Manhat (4). 10 Brooklyn & Quee 115 Bklyn Union G: 113% Brown Shoe pf (7) 13% Bryns-Balk-Col 11 BrUnsTer& Ry S 19% Bucyrus (1)... 33% Bueyruscv pf (2%). % Budd (EG) (1) 81 Budd Wheel (1)... 274 Bullard Co (1.60) 264 Bulova Watch (3)... 29 Burr Add Mch (1)... 29% Bush Termnl (2%).. 99 Bush Term deb (7)..1 109% Bush T Bld pf (7). 2'4 Butte Cop & Z (50c, 13% Butterick Co. 664 Byers (A M). 62 Calif Packing (4).... 1 Callaahan Zinc & Ld. 48% Calumet & Ariz (2).. 13 Calumet&Hec(all4). 17 Campbell Wyant (2), 56 Canada Dry G A (6). 1£4% Canadiun Pacific(10) % Can Pacilc(new)w.l 20 Cannon Mills (1.60).. 13% Capital Adm (A) 156' Case (J 1) (6) 64 Caterpillar Trac t3% 10% Celotex COuuveronrne 235 Cent Aguirre As 1%, 4% Century Rib Mills... 51 Cent Rib Mills pf (7)1 43% Cerro de Pasco (6) 5% Certain Prod. 20% Checker Cab (4.20)., i Ches & Ohio (10).... 51% Ches & Ohio Corp (3) 4's Chi & Alton pf. 815 Chi Great Western. 27 Chi Great Westn pf.. 12% Chl M1l StP & Paec. .. 20% Chi Mil StP & Pac p! 66 Chicago& N W (5) 11% Chi Pneu Tool. “95 ChiR1&Pac (1) 98 ChiR1I&Paepf (6). 25 Chi Yellow Cab (3).. 20 Chickasah 50 Childs Co (2.40). 24 Chrysler Corp (3). 281 City lce&F (k3.60).. 6% City Stores (606. ..., 91% Cluett-Peabdy pt7).. 1334 Coca~Cola (6). . 4814 Coca~Cola A (3)....0 50 Colgate-Pal-P (2%). 14% Coliins & Afkman. ... 36% Col Fuel & Iron (3).. 68% Col Gas & El (2). 104% Col Gas & El pf A(8). 16% Colum Graph-(a28c). Columbian Carb (16) 3% Comm Credit (2).... Comm Cred pf B (2). 25% Comm Inv Tr(gl.60) 80 Com lav T ov pf(e6) 20% Comm Solvents (31) 12% Comwlith & Sou(60e) 104 Congoleum 31 Congress Ci 36 Consol Cigars (5)... 67 Consol Cgr prpf 6%, 76% Consol CigAr pt (7).« 15% Consol Film (2). 18 Consol Film pt (: 96% Consol Gas N ¥ (4 9914 Consol Gas NY pf (5) 49 Con RR Cub pf (6) ees % Consol Textile, 185 Contl Baking (A)e.w 3% Contl Baking (B) 66« Contl Baking pt (8).. 50% Contl Can (2%4)...40 16%4 Contl Diamond (2). 50 ~ Contl Insur (3.40) 3% Contl Motors. 18% Contl O1l of Del.. 20 * Contl Shares (1). . .. 87% Corn Prod Ref(t4%) 15% Coty, Ine. ooiiom 25% Cream of Wht(12%)s 13 Crown Zellerbach(1) 104 Cruetble 381 Cudady Packing ( 105% Curtis Publish (16% 114% Curtis Publish pf(7). 6% Curtiss Wright Corp. 8% Curt Wright Corp A 55 Cutler-Hammer(3%) 111 105 Cushman's pf (8).... 43% 24% Davison Chemical 24% 20 Deere & Cops (1.40e 1264 121% 14% 19% 9014 Atlas Powder pf (6). 10 5 Ot mpanemnnnan Sa 18 58 2 17 5 108 308 2 008 6 100 100 26% 20 1 308 12 6 1 10 32 140 1 19 11 8 5o 4 1 161 181 21 1 2 608 29 22 3 208 1 2% Low. 5014 2414 Close. 501 241 &8 6114 104% 21% 2w an (285s) ev. Close. 14 24% Direct to The Star Office. ~Prev.1930—~ High. Low. 153 110% 80 255% 42% 237 &tock and Dividend Rate. Del Lack & Wn (17) Denver & RG W pf.. Detroit Edison (8).. Devoe&Ray A (1.20) Diamond Match (8). Dome Mines (1).. Drug Corporatn (4) .. Duluth S S & Atl ¢ Dunhill Intl (34) Duplan Silk pf (8 E Du Pont de N (14.70) 212 Eastn Roll Mill(ht2) Eastman Kodak (18) Eaton Axle & 8 (3).. Eitington-Schild pf. Elec Auto Lite (6) Electric Boat... | Pwr & Lt (1). €] Pwr & Lt pf (7)., Elec Storage Bat (5). 1k Horn Coal. - ndicott-Jahn pf (7) ng Pub Serv (2.40). quit Office Bldg (3) FOR Roeoseesesnr ureka Carp Cl (4).. vans Auto Loading. Exchange Buf (14). Falrbanks Morse (3) Fed Wat 8. A (e2.40) Federated Dept Stra Fid Pho Fire 1(2.60), Firestons T&R(1.60) Firestone T&R pf(8) First Nat Strs (3%). Fisk Rubber. isk Rubber 1 isk Rub 1st pf ov. . Flosheim Shoe A (3) 4 Foster Wheeler (2).. Fourth Natl [nvest. . Fox Film (A) (4). Freeport. Tex (16).. 4 Gardner Motor. . Gen Am Investors. .. Gen Am Tnk Car($4) Gen Asphalt (4). Gen Bronze (3) Gen Cigar (4). Gen Electrio (1 Gen Elec spee (60c)., 00d Corp (8) #n Gas& L1, A(e30). en Ital ECs (a2.62). Gen Mills (3) Gen Mlils pf ¢6). Gen Motora (13.30). . Gen Motors pt wi (5) en Motors pf (1) n Outdoor Adv. Gen PublicSve (b6). Realty & Otil,., on Steel Cast pf (6) Gen Theat Equip vte, Glllette Saf Raz(n5), Gimbel Bros. s Glidden Co (2).e0uee Gobel (Adolf). Gold Dust (2% )..4.s ioodrich (B F) (4).. Goodrich(BF) pf (1) Goodyear Tire (6). .« Goodyear 1st pf (7). Gotham Silk Hoslery Gould Coupler Graham-Paig . Granby Con Min (3). rand Silver § (m1). Grand Union. ....... Granite City Stl (4)« Grant (WT) (1).aee Grt North pf (5)...4 Grt North pf et (5). .. Gr Nor ctfs Ore (a%. Grt West Sug(1.40). Grt West Sug pf (1).180s Grigsby Grunow.... 139 Gulf Mobile & North 2 Gulif Mo& Npf(6).. 1 Hackensack W (1%) 4508 Hackensk pf A(1%).. 608 Hahn Dept Stores... 44 Hall (W F) PrCo(2). 6 Har Wkr Ref (1234). Hartman (B) (1.20)« Hayes BodY....eess ules Pow pf (7). hey Choe (6). . w Hershey Choo pf(15) Holland Fur (et2%). Hollander Sons. .. .. Houdaille-H (B)1.20, Household Fin pf(4). Houston Oil (b10%). Howe Sound (143%). Hudson Motor (5) Hupp Motor Car (2). Illinots Central (7)., Illinois Cent 1s In(4) Independ Ol & G(2)+ Ind Motor Cycl Indian Refining..... Indian Refining rots. Indus Ray (b5% stk) Ingersoli-Rand (15) Inspiration Cop (2) e Insurance Sh.(45c). . Insur ctfs(Md) (60c) Interboro Rap Tran. Intl Agricultural...s Intl Agricul pf (7)., Intl Bus Mach (n6). Intl Carriers, Ltd % « Intl Cement (4).4v0s Intl Combustion, Intl Comb Eng pf, Intl Harvester (234). Intl Harvester pf(7), Intl Hydro EL A (e2), Ingl Match pt (4). Intl Nickl of Can(1). Intl Paper pf (1) .. .o Intl Pap & Pwr (B) ee intl Pap & Pwr (C).. Intl Pap&Pwr pf (7). Intl Printing ink (3). Intl Salt (new), , Intl Tel & Teleg Intertype Corp (2).« Investors Equity(2). Island Creek Coal(4), Jewel Tea (14).... e Johns-Manvilie (3) s Johns-Manv pf (7). 208 Jones & Laugh pf(7) 1608 Jordan Motor Car... Kan City Sou (). ... Kayser Julius (24) w Kelsey Hay: 2)cie . Kelvinator Corp. . Kennecott Cop (3) Kinney (G R) (1 Kinney (GR ) pf (8). Kolster Radlo. o Kraft Ph Ch pf(8%). Kresge(S8)Co (1. Kress (SH) (1). Kreuger & Toll 1.60.; Kroger Gr&Bak(nl). Lago O11 & Trans. ... Lambert Co (8). ... Leh Port Cm pf ( Lehigh Valley(14%) Lehman Corp (8). ohn & Fink (3). .. Lib Owens FG1 (1), Ligg & Myers B(15) . Lima Locomotive. . w Liquid Carbonie (4) = Loew's, Ino (3) Loft, Inc...... Loose-Wiles (12.80) Lorillard (P) Co Loutsiana Ofl......e Lou & & E1(A) (1%). Louis & Nash (1) .+ ee Ludium Steel (2). McKeespt T P1 (16) McKesson & 1tob (2), Mcies & Ro pf(3%). Mack Trucks () Macy (RH)&Co(nf3), Madison Sq G (134) .. Mallison & Co. Manati Sugar pt Man Elev mod g (d5) Manhat Elev gtd (7), Maracaibo Oil Exp. s Marmon Mot (h60¢) w Marshall Field (2% ) Mathieson Alkil) (2), Muy Dept Strs (n2) e Maytag Co (12). meu Maytag Co pf (3)+oae Melviilo 8hoe (2) ea.. Mengel Co (2)..0aes Metro-Gold pf(1.89). Mexican Seaboard. .. Miami Copper (4 Michigan Stl (h214) m Mid-Cont Petm (2)+s Midale States Ofl et.y Midland Steel (3)..w Midland Steel pt (8), M StP & SSM 1ad (4). 20, Minn Hon Reg(13%) Minn Moline Pwr. Mo Kan & e o & - Missour! Pac pt (6)e Mohawk Carpet. . ..s Monsanto Ch (g1%). Montgom Ward (3).. Moon Motors......e. Mother Lode (20¢) . .1 B o-E anenen 00, Hich. 116 51 215% 2214 210 8ix 3 1 20 102 105% 16 202% 22 3814 61% 4 Tl 107% 65 110% 89 b6 50 16% 8Tie 100 12044 1714 a8 35% Ta 1% 9 120 1% 37 33% 6l 1% Prev. Close. Close. 116 116 50 4T 2156 22 205 8 72 1% 21 100 104% 16 201% 22 38 60 4% 69% 107% 6474 85% 120 17 37 am 6 1% 38 a4 ) % e SR e (Continued on Page 149, - &meediow. | in speculative sentiment, but Wall Street TAR, WASHINGTON, D. C., TUESDAY. IBEARS CHECK RISE ON STOCK MARKET Profit Taking and Short Sell- ing Halt Upward Trend in Late Trade. By the Associated Press. NEW YORK, July l.+The recovery| in share prices lost some of its Vigor in today's market, but prices worked high- er for a time, with the rafls, recently | the weakest group in the list, provid- ing leadership. Profit taking on rise, and experimental bear selling checked the rise during the early afternoon. The financial community as a whole, however, entered the second half of the | year sobered but hopeful. While opinion | as to the extent of the probable re- covery during the next six months varies | widely, there is little doubt that busi- ness trends will turn upward, as they| normally do from August td December. Nevertheless, the slack Summer period is still young, and second-quarter earn-| ings statements must be absorbed. The | first to appear was a preliminary state- ment from Dupont, estimating net at $1.31, against $1.44 in 1920 and $1.05 in 1928, Rall Buying Evident. Buying ‘of the dividend-paying rails may have reflected, in part, the rein- vestment of some of the $1,000,000,000 being paid out in midyear interest and dividends, or short covering in antici- pation of it. ~Although .rail _earnings for May, with practically all reports now, in, average but ltttle better than | those of April,_and estimates for June are not very hopeful. most rail execu- | tives expect substantial improvement during the next six months. Mer- | chandising shares were also firm. An | indication of the comparatively satis- factory volume of retail trade was in- dicated by Montgomery Ward's June sales’ report, showing a gain of 9 1-5 per cent over June of last year. Na-| tionel Bellas Hess reported a drop of | nearly 24 per cent, but this company | has_been having unusual difficulties. Trading showed some acceleration over ye&lr‘rday. but was still relatively dull. * The announcement of Harvey, Fisk & Sons, that it would abandon carrying marginal accounts was regard- ed as at least a reflection of the change was inciined to interpret it primary as an indication that this house had | decided to specialize in an individual | type of business, rather than as a pre- | Money to Loan Secured by first deed of trust on real estate, reval Vrevaling toterast and commistion: Joseph I. Weller 40,745 % § V' Blac. oth & P N.W. 24-Hour Parkin{z Bldg. " odr, "bay or ‘Monch, TRUSTEED SHARES —the IDEAL INVESTMENT_for 1 |retained a considerable part of mn§+ v cedent likely to be widely followed. Call | money in rose to 3 per cent, refiec ing W\mnwfls estimated at about $100,000,000 for the midyear settlements and holiday cash requirements. Atchison sold up more than eight points, making of a recovery of about 20 points from last week's low. Chesa- peake & Ohio, Rock Island and New York Central gained 4 points and mcre. Such issues as Woolworth, Mac: Safeway, Kroger, Bethiehem, Amencfln; Tobacco B, International Business Ma- | chines and Loews gained 2 to 4 points. Ingersoll Rand sold up several points. United States Steel opened off about & point, rallied and sold up nearly 2, net, and turned downward again in the early | afternoon. other pivotal shares pursued a similar course. S Renewed weakness in the utilities, | particularly American Telephone and | North American, prompted -general | selling late in the day, forcing indus- | trial leaders mostly under the previ close. United States Steel came down from 1613 to below 158 and American Can was more than 3 points under its early high. General Electric and Wes inghouse Electric were weak, but ra sharp advances. The close was heav les approximated 2,500,000 shares. Property Management Over 30 years’ suc- cessful handling of rents—economical con- sideration for owners. Personal attention to details and prompt remittances. Also facilities financing. Moore & Hill, Inc. (Since 1900) 730 17th Street for S First Mortgage Loan Applications Invited at 5)5% Construction Loans Glover & Flather 1508 H St. N.W. National 1753 yestors who demand SAFET YIELD and GROWTH of princip: Specially suited to Jong-term i vestments for _individuals, trust funds and funds of organizations. Sold in Lots—$100.00 Up Call or Write Standard Collateral Shares Corporation Woodward Building Met. 3783 Saul Building 925 15th St. N.W. Several desirable rooms at very reasonable rents. Inspece tion invited. B. F. SAUL Co0. Nat. 2100 . 925 15th St. N, We Announce That Our TELEPHONE Number }13! been to NATIONAL 7550 Eastman, Dillon & Co. 1512 H Street, N.W. and such_wide movers as Case andl|| American Can and several | || us | || FINANCIAL ¥ b We announce with: pleasure that Mr. Warwick Montgomery has today become associated with us in our Washing‘ton offices. G.M.-P. MURPHY & CO. Offces: 1510 H Street Connecticut at K Members: New York Stock Exchange Washington Stock Exchange STOCKS BONDS COMMODITIES F. B. KEECH & COMPANY H CORNER 17TH ST., N. W.. WASHINGTON NATIONAL 0245 W vorr encaso PHILADELPHIA ProviDENCE SEASONAL BRANCM OFFICE: SARATOGA SPRINGS BAR MARBOR mooxLyN PALM BEACH MIAMI SRETTON Woons Members of New York 8tock Exchas ‘Washington Stock Rxchange meln Stock Exch New York Curb Exchange Chic e Thite © .:Ivlrpoul Cotton Anodn'l:u. l(-):d & Bk lew Yorlk Cotton Exchange jew Orleans Cotton Exchange Bremea Cotton Rxcha Ass00. Memb. Winni; i N.Y, Coffec & Eiche e vy of N. Y., Tnc: ir Exchange, Inc, xe! New York Cocoa xchange, Inc. Minneapolis , Inc, New York Hide Chamber of National Metal Exchange, Iae. Open Until 5:30 P. THE OLDEST SAVINGS INSTITUTION IN THE DISTRICT OF COLUMBIA Decidedly the Most Convenient —way to meet vacation expenses is with Traveler's Checks. They identify B you anywhere—are accept- Money to Loan on Real Estate District of Columbia or Maryland 51} & 6} Drompt Decision on All Applications 1435 K St. N.W. National 2345 changed First Mortgage Loans On improved Real Estate in the District of Columbia rby Maryland and year terms on your RANDALL H. HAGNER & COMPANY MORTGAGE LOAN CORRESPONDENT NEW YORK LIFE INSURANCE COMPANY 1321 Connecticut Ave. Virginia for 3, 5 or 10 Decatur 3600 Complete Investment and Brokerage Setvice Copy of Our “Fortwightly Review”™ Furnished on Request G. M.~B. MURBHY & CO. 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