Evening Star Newspaper, July 17, 1930, Page 13

FINANCLAL. THE EVENXNING STAF B.L COLTONHEADS | FIDUCIRY GROUP =25 Elec(ed Chairman of Section of Bankers’ Association. Dooley Names Committee. BY EDWARD C. STONE. At & meeting of the executive council ©of the fiduciaries section of the District of Columbia Bankers’ Association, o Doers were elected for the coming year coune: The executive council consists of five members, the ©Officers and two additional members. All the new officers are active trust men in the dflu’eflt banks and have al- valuab'e tary of the lm'.lfl:\ last ‘The member: of the councll will & meeting at an early date and appoint the various standing committees ind during the present year. Yester y's meeting was held at the District Nlnnnll Bank. This is one of the mort active sections of the District Bankers' Association, and is now in its third year of usefulness Growth of the trust business in banks an recent years has been amazing and Daturally a hest of tant problems are conl"nth‘ coming to the front. The ection laf red extre ft;uhet‘he gection Jast 3 yur proved extremely hein- ful, and Chairman Colton hopes to have an equally strong program this year. Trading on D. C. Exchange. Potomac Electric Power 51; per cent | eferred stock led the trading on the Stock Ex 5 & turnover of 50 opened at 1073, Llnfldmcdlxwl ‘The L Er cent issue moved at 1103,. 10-chare sale at 96'y. After call, 24 shares more at 965 | [ it s mld at 16 and 16% snd.s small lot of Peoples Drug | Capital Traction opened with a !lflll!‘ &hare moving at 59%5, followed by a 10- share sale at 59%. Ten shares of Wash- Railwa; & Electric preferred ‘same out st Bond trading was confined n:ei Washingon Gas Light Co.'s A -nd ssues, at firm prices. Gleaned in Financial District. Stack nge, is epe; ing much time this month at his Sum- mer homc.mon South River. He % no ace more satisfactory & vacation. Alfred H Lawson, vice president and attending me-mlmdm‘ National Assoc The Norfolk & Washington Steam- boat Co. rights are rapidly approaching their expiration date, A Stock: Reports from the Fifth Federal Re- serve Bank, st Richmond, state that the recent extremely hot weather nal move much have also improved the outlook. C. & O. Contract Awarded. ‘The contract for a new single-track tunnel to parallel the present single- track Lewis Tunnel, about 15 miles west of Covingten, Vl has been awarded by Chesapeake & the Bates & Rogers Construction of . Estimated cost of the work 15 z:' 86 Abitibl Pwr & Paner 64%- ADItIBI P & P of (6). 87%x 21% Adwms Bxp (1.60). .. Adams Millin (3).... AInWay T1 AD(2%). RUDDOF. ey vee Ag.z Alaska Junssu... Allegheny Corp Alleg Cp w $30 w 514 Al§ed' Ch & Dye(né) ANA-Chalmers (3) .. Alpha Port Cmt (2). Am Am Bal Am BeetStigmr. .. .\ Am Bos¢h Maamneto .. Buoetved by Private Wi Blssst to The Ster Ofhes. PoomBununBe DeBroma A Br S B BE 1751008 rowhAov Am Comm Alcohoi. . Am European Secur. Am & Forn Powen: Am Hide & Leath Am Home Prod (4. Am Ice (14)., Am Internat] {2). . 4 Am Locomotive (4).w Am Mach & Fay (7).« Am Mach & Fy n w. Am Mach & Metals. . Am Metal (3). N ) Am P&LL of A st(5). %« Am Ra&Std San 1% . Am Republics. . Am Rolitng Mill(n2) Am Seating. . Am Ship & Com. Am Sm & Ref (4).... AmEm & Ref pf (7)., 6% Am Solv & Chem. Chicago. $1,100,000. Location of the new tunnel is between Jerrys Run and Alle- ghany, Va. Educational Commitiee Named. Aubrey O. Dooley, chairman of the|: jucational Comumittee of Washington pter, as well as vice president of the chapter, announces the appoiatment.of the com- piete personnel as follows: Richard A. Norris, Lincoln National, chairman; Anne P. Crawford, Mc- Lachlen Banking Corporation, secretary; Harold W. Burnside, Riggs National; 8. Winifred Burwell, National Metro- litan; J. Fred English, Commercial lll.nnll A. E. Henze, W. B. Hibbs & .; Henry F. Kimi Lincoin National; Security Savings & Commercial; Roberts, Riggs NlMonll Mabel V. Royce and Rose L. Royce, Washington Loan & Trust Co.; Walter L. S8anderson, Federal- American National; James A. Soper, Lincoln National, and Mildred C. Wood- cock, American Security & Trust Co. The new committee will have a meet- ing this evening at which the year’s extensive program will be fully discussed. Mortgage Firm Pays Dividend. The third annual dividend of 7ger eent on the preferred stock of the Cit- izens’ Mortgage Corporation has just been declared, according to announce- ment by President Joseph Schiavone. Officers of the company were re-elected as follows: Joseph Schiavone, former resident of the International Exchange ank, president; Dr. Salvatore Filoria, vice president and treasurer; Prank secretary, and directors, Louis Carl, Dr. Balvatore Floria, Frank T. Fuller, Gustavo Grifoni, Jerry Malatico, Hillegry, L. Offutt, jr.; John B. Rubino, Joseph Schiavone and John Vaccaro. ‘Two ne\v directors were added to the board, McGivern and John E. Gill. Mr. )(cOlvem is a Chevy Chase mer- chant and Dr. Gill is dean of Ryder College, in Trenton, N. J. President Schiavone stated today that the business of the corporation had been exceptionally successful since its zation and that it had been de- cided to offer & limited amount of 7 per eent cumulative preferred and common stock for sale in small units. Return te Normal Forecast. An ecopomic review issued by the Standard Collateral Shares Corporation, of which Kenzie M Walker is president, expresses the belief that business con- ditions are turning the corner. The statement says: “The consensus expressed by those skilled in business analysis is that the corrective measures, namely, curtail- ment_of production, the return to ra- tional perspective of values and con- urvntfln of credit limits, are now be: inning to have their effect with lllflhtly nou&‘h\e trend toward nor- mal business which augurs a turni In{ point in the near future for a revival of average trade conditions.” In discussing the business outlook, the eurrent number of the American Bankers’ Associition Journal takes the same view regarding the turning point when in connection with a long analysis, the magazine says: “That the present recession is about due to change into a cycle of improve- ment is indicated alike by the history of comparable phases in this country and by the more confident prediction of & growing list of authorities on busi- Rips and forecastine.” Am Sol&Ch ev Dfll). Am Steel Fay (3). Am Steel Fdy pf . Am Sugar Ref pf (7) Am Tel & Cab! AmZinc L4 & Sm Anaconda Cop (3% Anchor Cap (2.40) Archer-Dan-M /2) Armour of Del pf(7). Auburn Aute (34). Austin Niehols. Austin Nichpr A (3) Autosales Auto-Stro; Aviation Corp of Del 18 82" 1 1 3 * 2 3 108 114 18% 38 114 113% 106% 2084 108 1054 106% 105 5 204 141 3 24 42 % 2% 27 614 R A% 40%: . 22 8 5 2% 59 &8 24 341 106 106 % Bb% BB% BN (\‘a A/K 3Th 3T% BYE 106 L2 % 223% 220% 223% L2 4% 10°% 104" —_l- Dividend Rete. add I“K M Du Pont de N (14.70) 120 176% 6% Evans Au‘o Loading. 18 el 34% 20 Grt WestSug(1.40).. 18 110% Grt West Sug pf (7). 210. 12% Grigsby Grunow. 20 26 60 5% Gabriel Boub(A)new 604 Gen Electrio (1.60).. 11% 14% Dupent deN @b vf($) Dugues Lt 1st of (§) Bastman Kodak (18) Bastman Kod pf (§). Baton Axle & 8 (3) Eitington-Schild pt. . Eleo Auto Lite (8)... Electric Boat.. Elec Storage Bat (5) Endicott-John pf (1) ErieRR. cseees Erie R R 18t pf (4) ®rie R R 24 pf (4)... Fureka Vac Cleaner. Coonmornme Bxchange Buf (1%). - 50% 341 Fairbanks Morse (3) 13 43 30 3 9% 56 1 b .2 508 7% 69% 4 61% 46 5 5l 2m 18 21 6% £0s 21% 6% 60s 52% 40 2 50% 26 3 1041 604 T4 50 28% 19 67% 161 Fox Film (A) (l)... 472 55% 37 ¥reepart. Tex (+5).. 181 Gen Elec spec ($0g).. Gen Food Corp (3). . Gan Gas&EL A(e30). GenG& Elpfa (7). Gen Mills 3)... Gen Motors (13.30).. Gen Motors pf wi (5) Gen Motors pf (7. Gen Out Adv(A) ‘Gen PublicSve (“)u (6. Goodrich (B F) (4).. Goodrich (BF) »f (1) 3 Goodyear Tire 6)... 27 Gotham Silk Hosiery = 4 Grabam-Paig 20 Granby Con Min (: 4 Grand Silver 8 (-l). ® Grand Unlon.... 47 Grand Union pf (8).. 12 Granite City 8tl (4). . 3 26 13 9 Gr Nor ctfs Ore (a% . ‘Guif Mo & N pf (6) Hackensack W (1% ) Hfifl 12% Hahn Dept Stores. .. 71t Habn Dept B pESH) 3 21 Hall (WF)PrCo@) 1 20 Hartman (A) 2).... 3 10\6 nru-n (l) (130). 119 5% Hayes Yaseeeees 10 774 Helme moo H) (1), 1 20% Hercules Mot (1.80). 1 Hercules Powder (3) 1 o | 88 19% Baldwin Loco (1%). 21 24% 24% 24% 24% 116 104% Baldwin Loco pf (7) zo- 106 106 106 106 20 g"t:hfl’w D:’lfl loo; 122% 884 Balto & Ohifo (1) mm 106% 108% 106% 88% H’"h:’ cn"_ "'M- . #42; 78% Balto & Ohlo pf ( B1% 81% 81% 805 26% H:‘.‘;flgru:" '“,) i 116% 109 Bang & Aroos pf (T 1108 1325 1321 1328 113 - at3%), 34 20% Barnsdall. A 2). 863 06 ebi: s ol L Eesulalie R (R0, 2 57% 27% Bendix Aviation 48 341 33% 33% 84 | 116%% uston Oil (b10%). S 6 ame dov asw| Alae 26% HoweSound (14%).. 19 185 86 S4ie. sgse 85| 62w - 26% Hudson Motor (5)... 36 1 86 35 36 26% 13 Hupp Motor Car (). 43 11 384 364 36% 36| 136y 1\3% IlinotsCentral (1).. 6 45 30 s SN[ (IS Indseakoua @), 21 Borg ‘#% In otor el 5 5" “2 BotanyConM(A).. 1 3 3 3 2l dw \W IndianRefomng 24% 1315 Briggs Mfg Co. . 262 21% 20 21% 20W| 376 4V Indian ReSning rets. 921, 121 Brockway Motor Trk 4 16% 16% 16% 164|239 154% Ingersoll-Rand (16), 2 78% 68% Bklyn-Manhat (4).. 8 65% 65 65% 644{ '30% 12%A InspirationCop (2).. 13 16% 10 Brooklym&Queens.. 13 13 13 13 184%| 4% 10% - insuranceSb (4be).. 19 178% 116 Bkiyn Union Gas (5) 11 131 130% 131 130 | 89y 20% ,Interboro Rap Tran. 1 42 37% Brown Shoe (3). 2 40 40 40 391 | 287 165%" Anterlake Lron (1). 1 33% 6% Bruns Ter & Ry 8... ® 1% 11% 11% 10% 84 4% tl Agrieyltural. 4 5 24% 24 24 24%| 197% 152% Futl Bus Mach (n6).. . 7 e 110 U4 U4 136] awyia mwiCerrwnlst k. 3 56% In@! Cement (4). 9 68 6z BuddMeepr(1hk). T0s 65 65 65 65 b i }:\‘ el 2 14% 8% Budd Wheel (1). 79 18 11 18 10%| 78 80 ;...e...-,,g 6 74 27% Byllard Co (180),... 29 37% 364 86% 36%| 115% 76 rvester (3%4). 24 43 26% Bulova Watch (3), 6 28% 27T% 26% 28| 1441 140% In rvester pf£(7). 1 L A ] S Tntl Hyaro ELA (a2): 21 . - Marine (1).. 24 118 100% Bush TBIABE (... 10s 115 115 115 116 | 4% 21 flu,“fl..,m,‘,’,_ 247 2 :“' BohCwaziie): 1 13 808, 2 | seike SMtRWARILG, 3 . « 22% 11% Intl Py w & Pwr (B) 6 1% 80 78 9% T8%| 18 9 IntiPAR&PwriC).. 20 114" 100" Byera (AM) B (13-~ 208 109 109 109 110% 86 70 Intl Pa v&Pwrpf (7). 53 77% 61 Calif Paeking (4).... 6 60% 60% 60% 61% 508 B9%° 48% Calumet& Aris (2).. 2 b4% B4% B4% 52 508 33% 13 Calimer&Hee(ai’). 9 16% 16% 16% 164 16 30 17 Campbell Wyant(2). 3 21% 20% 21% 214 121 76% 56 CanadaDryGA(B), 41 68 66% 67 66%| 32 23 IntertypevCorp(2).. 6 268 184% Canagian Pacifc(0) 10 188% 147 187 1874| 29 14' Investors Baquity(d). 3 2% 45% Can e (new)w. 4T 4% 41 & . 344 20 Cannonbills (160).. 2 22 22 22 2| $84 10 R e 862% 156% Case (J 1) (6). 78 187% 183 185% 187% lll 118% Johns-Man ¥t (1) "‘ 208 182116 Case (I 1) B (1), 208 1204 1204 1214 121%| 13,, 11 Soused Lanun pe(i). 108 e ag" % 1o 3% SoreaMceRs,... 20 60 9 Celotex Co.. 6 16% 16% 16% 15%| 85% b68% KanCity Son £5).... 6 i 3% Century Rib Mill 5% 6% 5% bw| 13% 9% Karstadt (R) (1.03). 1 6% 51 Cent Rib um-ntmwo- 6% 69% 9% 69%| 6% 3 Kelly-Spring\Tire... 15 66% 43% Cerro de Pasco (6).. 49% 49 49% 48%| 66 29 Kelly-Spring 6¥% pf.. 50s 15% 6% Certain-teed Prod. 1 10 10 '10 10% | 38% 22% Kelsey Hayes 8) 19 §7% 20% Checker Cab (4.20).. 14 26 | 26% 1% Kelvinator Coriv. 326 241% 171 Ches & Obio (10) 3 re 1!"1 % 135» 188 | 624 87% KennecottCop (8)... 154 82% 51% Chen & Ohlo Corp @ E GE‘A 61% :},7'/: E?‘ fi!‘:n-y tg:: n' Wz 10 % “h ‘% 4% 3 ney ( s 17% 8% Chi Great W'm 4 1% 1% 11% 11w 8% 1% Kolster Redle.. . 9 52% 27 ChiGreat Westnpf.. 14 37% 36% 37 36% 3 2% Kolster Radio ctf' 2 26% 12% Chi Ml StP & Pae.., 2 15% 15% 16% 15%| 36% 26 Kresge(SS)Co(1410) 1 46l 20% ChiMIStP& Paepf. 12 26 24% 26 24%| 35% 28% Kreuger& Toll 1eW.. 15 89% 66 Chicago& N W (5).. : ;;V- z:\»fi T4% T8% 48% 21 Kroger Groc&B(x'l) 20 37 11% Cbi Pneu Tool..cuss: % % 17 1% i 6 1% e CHIRTAPasinc. 8107 1004 107 200 | (J0% 214 LaseONA Tams..- 2 C T 204 26 26 26M[ 11 4w LesRubber&Tire.u & 67% 49% s 12.40). 414 i Chrysl seb @ 3w 32 3l B e w1 % vc-n-n:)flt ; orp (3)..ed ol i B uhn:lr‘l’nk (LT - 99 99 99 99y 24 21% 28% 21% ';’ 838 88 83 82 7 14% 14 14 14% 168 53% 52 53% bls 1 8 66% 664 GbM 66% H 110 104% Col Gas & &l pf 9 1084 107% 107% 108 = 37% 15% Colum Graph (a28e). 48 18% 174 18 17% 156 199 108 Columbian Carb (16) 30 142 137% 139% 140 20 40% 23% Comm Credit43).... 5 26% 264 264 264 2 95 76% Com Creditist (634) 20s 854 854 854 85 H 65 28% Comml.::‘l‘lll’l.l‘) :l‘{ u ::h ::v. 34 -~ 167 38 204 Comm Solvents (11) Ta 24% 30% 12% Comwlith & Sou(0e) 67 14% 14 14% las, m. 244 Mec And& F (12.35). , 1 104% 99 Cmwith & Sou pf (8) 8 101% 101 1014 101% | 100 93 MacA & Forbpf (6). 10s 19% 10% Congoleum-Nairn... 102 13% 121 I8k 12| 50 88 MeCall Corp (34)... 567 30% CongressCigars (4). 4 80% 304 30y 303 89% 61 MeKeeaptT Pl (15).. 80 67 Consol Cgror pf 6%. IAo. ™ W T 70 37% 18% McKeason & Rob (3). 27% 16% Consol FMim (X)..... 19% 18% 19% 194 20% 12 McLellan Stores 28% 18 Consol Film of (3).. l 21% 21 21 21 % Mack Trucks (¢ 136% 96% Consol Gas N ¥ (4).. 177 112% 110% 1125 111 liih 100 IICY(RH)&OCO n 108% 99% Consol Gas NY pf(§) 1103 108 108 103 15% 10% Madison 8aG (1%) 62 49 Con RRCubof().m 4 56 65 66 56 | 521 28% Magme Corper (4) 2 % Consel Textile,..... 2 1 1. 1 1 22% 11% ContaimertA) (120). 1 1k i 1% 14 81 3% Container(B)......o % 52l 18 Contl Baking (A) 48 2% 20% 26% 264 3% % Marmos Bet (hioe) 7 3% Contl Baking 10 4 3% % 3| 55 30K WAL O R 947% 66% Contl Baking ot @ 2 T 6 16 Tey| sN6 30K i Ry 71% 50% Cont] Can (2%).. 82 62 58y 62 saw| Slw UM MATN D e (n) s 37% 16 Contl Diamond (2).. 17T 20% 20 20 19% Maytag Co (12) 0w 50 Contl insur (1.40)... b BEW B¢ b7Ta 574 B 3in Maytag Copt (3) t1 Motori “ % o o O Ol Del s 12 334 22U 221 22| % 10 MenselCo (D). ... 40% 20 ContiShares(l).... 75 26 26% 26 25 | 3T 16k :T:mc”p"“m 111% 87% CornProd Ref(t4%) 34 97w 96% 7w oeu| 33% 16 BUAK CORON e 28 o o SatiiGie | % B, @ B e tPoum . 32 79 78% 78% 8% bt 111 110 12 6“ 5 s ¥ 4 % Cuban Dom Sugar % % 4 alw Cudahy Packing (4). 5 41% 40% 414 40 { 14% 6% cum:;"w:lntcarp ;: ’TA 17:: ‘& . % 2 1 $% Curt Wright Corp A. 0% 5% 55 Cutler-Hammer(3#) 4 63 6 63 emi| €O 32 T 43% 24% Davison Chemical... 8 28N 28% 28% 284 | 1451, 115% Miesourl Pacpf (5).. 2 24% 20 Deere & Co pf (1.40). 244 28T 244 23y 35 Monsanto Ch 4g1%). 80 181 146 Delaware & Hud (9). 1160 160 160 158 9% ,1 Montgom Ward (3).. 206 153 110% Del Lack & Wn (7). 9116 114 11é% 1144 1614 n Motors. 2 42% 21% Devoe&Ray A (1.20). 6 24% 224 22U 22% 72 n‘ ugn--lltca wen.. 1 237 139 Diamond Mateb (8).. & 211% 209 209 ik u $1% Morris&Essex (3%) 1008 9% 6% Dome Mines (1) 126 aw T Tie Mot! e 206y 31 130% 18 Dom Stores (31.20) .. 20 20 87% 67 Drug Corporatn u). 19 6% T4% T6% T6% gmwmsrocxaxm WASHINGTON, 'D. C. OCKS STRONGER IN CLOSING HOUR Hamper Bulls, but Tone ¢ Continues Optimistic. * had | % | 68 49% 86% 81 121% 120% 122 122 2% 2 64 3% 10 £ 4 4 35 35 30% 30% 19% 17% 391 NEW YORK, BY CLAUDE A JAGGER, Associated Press Piaancial Editor. THURSDAY, JULY 17, 1930, FRENCH WHEAT OUTLOOK INDICITES IMPORT YEAR l-r nu'mon, July 1 the fact that local Jllly 17- —Amuflu-‘ tions wer in hodly-l stock market, further fluitries of the proceed the first sign of ‘With business ings at difficulty’. news aitill failing to uses profits and await reac- lons before doing further' buying. Selling Is Absosbed. ‘The market was subjected to consider- able selling in the first nif hour, it was well -borbed and during the early afternoon, and further pnln ~tak- ing’ appeared, but an uptum in the wheat market at that time, reparts of rust stabilizing _develop! Devid Sarnoff, ration, was said the report for the first lalf would not offer much encouragementt, but ex- plained “the radio industry has passed through a very trying stage and it is just about able now to se: the toward improved Power ‘The six-month im’fi“" hlul: last year and small per cent. Large industrial users, howsvar, took 2.2 gain for the entire mly 1.7 per cent, ormail. 'me utilities encountered some pres- sure, perhaps in reflection of the m consumption r Light, Pacifi ice of New Jersey sold off a pointor two. Such important shares as United States Steel, American Electric, Radio and Standard of Jersey sold off a but were firmly Vanadium was favorite, report higl or_more. High fiyers were such volatile issues as Auburn, Alded aeunnln:, making extreme gains of 7 10. Call money was plentiful at 2 per cent, with some offered at outside. Strong buyi in the last h%x of numerous important, shares, inel 2,400,000 shares. ‘H.L. gust Company 1001 Filteenth Street National 5100 saj %e amusements were well bought, Loews and Fox rising 2 points ar mare. 'ol'n‘ up about 3 poum Wrigley. one of the few r earnings than last vanr n 4 to & new high for 1930. Freeport Texas, Worthington and Amerada sold up 2 came into the market ml‘:&m Queen Blflbeth Itflzre‘ the list reflecting in Manitobn, was a ment. president of Radio mildly optimistic. He turn itions. Use Grows. report of power con- by National n-eadc was 1n Loans able in tweive ers living Waehington per cent less and. tk consumption was oconsiderably less than t, Electric Power & ting and Public: Serv- Cleneral point t fim or so a supported om slight Telephone, again a popular trading Chemical and Vilcan 1% under the le: o due to her excessive ts. WANTED Men whose successful experience qualifies them to represent & conservative investment beaking house desling in both bonds and stocks. Also men who have recently graduated from eollege and can qualify for the course of training which we econduet in our main office for employees lacking practical experience in the investment banking field. Write fully and in strict confidence +to Box 302-B, Star Office. J-A.W. Iglehart & Ca. Investment Bankers 719 Fifteenth Street FINANCING AT LOW COST ° First Mortgage Funds (Three Years or Longer) L4 Loans on residence and busi- mess properties in the District of Columbia and mearby Maryland suburbs . . . Ample funds, lower interest, prompt ap- provals, valuable prepayment privileges. Three-yecar loans on newer properties withouwt amortization 3% ABLISEED 1880 Loan Corvespondant for **The Prudential® uflm uuo'momm Soll in Lots—$100.00 Up Call or Write Standard Collateral Shares Corporation Woedward Building MONEY TO LOAN not e ing $300.00, S O - Leans on spproved Underwriters « Distributors INVESTMENT IE_CURITIE' Wasnineton Orrica 737 15th Street N. W, Tdsphone, Navional 1073 Masw Orrics « Batvivens Members New York Stock Exchange are It is interesting to Loan On Approved Over 30 years’ suc- - S ful 3l District of Columbia u-b—oe:o-litaa:-‘ and Maryland sideration for owners. Real Estate Personal attention to details and prompt 5"'% & Gz remittances. B Also facilities for s Invited financing. Moore & Hill, Inc. (Since 1900) 730 17th Street 1435 K St. NW. National 2345 First Mortgage Loans On improved Real Estate in the District of Columbia and nearby Maryland and Virginia for 3, § or 10 year terms on your S5V%% Apply RANDALL H. HAGNER & COMPANY MOoRTGAGE LOAN CORRESFPONDENT NEW YORK LIFE INSUEANCE COMPANY 1321 Connecticut Ave. Decatur 3600 Home Office Building Business Property National Metropolitan Bank 1814—Olidest National Bank in the District of Columbia—1930 15th St., Opposite U. S. Treasury Service Since1814 fl’l‘he Metropolitan served the pub- hc continuously ever since 1814, our fa- cilities expanding as necessity arose, and ever keeping abreast of the city’s growirg banking require- ments. fi¥Your business will be appreciated. 3% on Savings PROPERTY MANAGEMENT ‘ Apartment House ‘I'HER.E is a third of cen- tury’s experience back of our management of apartment houses—which their owners find not only very profitable; but reliev- ing from all worries as well. B. F. SAUL CO. 925 15th St. N.W. Nar’l 2100 L OANS M ORTG A GE Your “(IRe-Investment Yardstick . . To Those Whose Investments Mature in July: HOW will you measure the worth of a new security? By potential earnings, plus undeveloped holdings, plul estimated total market, minus consumer inertia, minus danger of mechanical development—all divided by 3.1416—or any other formula financial gamblers have evolved to help them guess at the value of speculative Wall Street Stocks . .. Or will you measure your re-investment choice by the old, time-tested yard stick which has never failed any man— PROVEN SAFETY of interest and principal? The 6% First Mortgage Notes on improved Washington property sold through the Swartzell, Rheem & Hensey Company have never fluctuated a penny in value—they are always exactly at par. During 61 years of widely varying conditions they have always paid every investor a regular, unfalhng return—each payment made exactly on the day it is due. First Movégages wow pay the bighest return of any safe investment, and now is the time for you to take advantage of it. SWARIZELL, RHEEM & HENSEY CO. MORTGAGE BANKERS 727 15 STREET N.W. WASHINGTON D Co