Evening Star Newspaper, July 31, 1930, Page 13

FINANCIAL D. C. BANKS REPORT D. C, THURSDAY, ISTOCKS IRREGULAR THE EVENING ST NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. SHINGTON, NEW SECURITIES NEW YORK, July 31 (®).—New se- curities issued today ineluded: General Gas & Electric Corporation, $50,000,000 .5 per cent notes, te yleld | from 5.01 to 6 per cent, by lcate headed by Harris, Forbes & Co. Ohio Edison Co., $18,834,500 5 per cent notes, priced at 98, by Bonbright & Co - EARNINGS OF 172 FIRMS OFF 24 PCT. IN HALF YEAR/| Special Dispatch to The Star. NEW YORK, July 31—Aggregate ecarnings for the first six months of 1930 of 172 industrial corporations which have published their reports for that period totaled $404,585,000, de- oupons of these debenturer, (V-IN‘e‘oen August 1, 1930, will 'Paid in New York at the office of the Treasurer, 195 Broadway, ot in Boston at his ofice, 125 Milk Sereet. H. BLAIR-SMITH, Treasurer. Note—All stocks are s0id In ove hundred-share lots excepting those designated by the letter s (655) (2658) which shows those seocks to be sold in odd lots only. Prev. Close. Close. 831 B1% 335 e Fourth Natl Invest. Decline of $18,000,000 From | "5 1929 Figures Is Shown in July. BY EDWARD C. STONE. Bank clearings in the National Cap- ital in July totaled $109,420,638.23, ac- cording to rcports made this noon by the Washington Clearing House Asso- clation, in comparison with. $127,497.- 771.87 in July, 1929, or a falling off of $18,077,133.64 Clearings in Washington in July were also lower than in July, 1928, when they amounted to $114,2/3,66781, but were above the figures of 1927, ‘when July cancelled checks reiched the sum of $108,600,049.19. Comparisons with 1927 and 1928 are important as 1920 was considered an abnormal year when clearings smashed all previous years in Washington as well as in most other places. Clearings for the first seven months of the present year, now available, show that the local clearing house canceled 785,670,847.81 in checks against $878.. 545,619.05 in the first seven months o! 1929 and $825209,993.82 in the cor- responding period in 1928. Back in 1927 clearings in Washington totalled $823,040,610.03, also being larger than in the same seven months of 1930. figures kept by Charles E. Bright, manager of the Clearing Ho: | Association, show that business will | have to score most remarkable improve- | ment during the remainder of 1930 to bring clearings to a total approaching that of a year ago. As July is usually the quietest business month in the year, except possibly February, local bankers | predict graduel improvement during | the remaining five months of 1930. So far in 1930 bank clearings in ‘Washington have been lower each month than they were in the same month in 1929. This is true in almost every other large city in the country. For the first seven months of the year ! the Washington Clearing House records include the following comparisons, by months, with the corresponding months in 1929: Jemsary” susSibae an . $118210. e 96,545,212 118.036.6 113,088,037 11628 Totals Local Bankers on Vacations. TLocal bankers continue to enjoy their annual vacation periods and are com- ing and going at a lively pace. Edward J. McQuade, vice president of the Liberty National Bank, leaves here tomorrow for New York and on Baturday will sail for the Pacific Coast by way of the Panama Canal. Prosident Corcoran Thom of the ‘American Security & Trust Co. is back at his desk after his trip to Europe. President H. W. Offutt of the Poto- mac Savings Bank leaves here next week for a two-wece. vacation at Cape May. . Harold W. Burnside, assistant man- ager of the Farmers & Mechanics’ branch of the Riggs National Bank, in Georgetown, has returned from a months' vacation passed at Epping « Forest. Laurence R. Leeby and August Schmidt, jr. of G. M. P. Murphy & Co., will leave here this week via air- plane for a month’s stay in Texas. Herbert W. Primm, assistant real estate ofiicer of the Washington Loan & Trust Co,, is motoring to Wildwood Crest, N. J., for a two-week vacation. Pay Boost to Aid Trade. Controller General McCarl estimated that approximately 20,000 Government employes will benefit by the recent raise in pay and that the total increase will be_about $3,160,000 pcr year. The estimate is based upon the fact that some 6,000 employes will receive a raise of $60, that probably the same nuinber will receive an increase of $100 and about the same number will receive an increase of $200, while something like 2,000 will receive an increase of approximately $500. ‘This means something like $300,000 per month which will find its way into savings deposits, investment and trade in Washington in addition to the amounts which have been habitually dispersed by the Government and turned into the above channels. This amount is certain to be a distinct help IP.r‘l’“Lhe expected business revival this Coffee Firm Votes Dividends. ‘The board of directors of the Dip- lomat Coffee Co., of this city, has de- clared the regular dividend on the pre- ferred stock at the rate of 8 per cent per annum, and a dividend on the common stock at the rate of 4 per cent per annum. Both payable to stock- holders of record as of July 1, on Au- gust 15, 1930. The transfer books will not be closed and checks will be mailed s soon as possible after this date, ac- cording to President W. E. Smith. Insurance Men Plan Outing. The Summer outing of the District of Columbia Life Underwriters Associa- tion will take place Thursday afternoon, August 15, at the Indian Spring Golf Club, it was announced todey. Golf will feature the afternoon and bridge the evening entertainment, while the radio will furnish the music for danc- ing. The members will have a dinner at 6:30. The officers expect the largest attendance they have had at any of these outings. Trading on D. C. Exchange. ‘Trading was unusually quiet on the Washington Stock Exchange today. The first transaction was in Steamboat rights, which sold at 16 and later sold at 16%. Ten shares of Lanston Mono- | type at 11315 in Capital Traction 5s were records at 94’,, while $500 Washington Gas 5 changed hands at 104 The vice president, Edward L. Hillyer, has been presiding at recent sessions of | the exchange. The president, George ©. Walson, is expected back from his vacation next Monday. Southern Corporation Mails Report. Copies of the annual report of the Southern Corporation, of which Herbert J. Adair is president, were sent today ! o ‘the stockholders. It is the first| annual report and covers operations to | June 30, 1930, the company having been | Tormed on July 2, 1929. Operations for the period from the date of organization to June 30, 1030, the report says, resulted in a net profit of $282,499.00, which is represented as surplus at the beginning of the current | fiscal period. The corporation’s net | Bssets amounted to $4,655,555.78, taking the securities at their market value. | “The corporation had no funded debt or bank loans at June 30, 1930. WOULD REDUCE FARES. CHICAGO, July 31 (#).—Permission “to reduce train fares between this city and St. Louls, to meet bus line competi- tion, will be ssked of the Interstate] Commeree Commission by the Chicago & Alton Railroad, President W. C.| Blerd has announced. | According to the executive, the Alton would operate one reduced fare train | daily each way between the two points. | Bus fares for the trip range from $3 | 1o $5, while train fare is around $10. PARIS BOURSE PRICES. PARIS, July 31 (#).—Price changes were irregular on the Bourse today. Three per cent rentes, 88 francs 75 centimes. _ Five per cent loan, 102 france. Exchange on London, 123 + francs 78% centimes. The dollar was Two _$500 bond sales| Stoek Dividend Rate. Abraham Strauss. 104 21% Adams Exp (1.60)... 854 Adams Expr's pt (5) 23 Adams Millis (2)... 20% Addressograph (1%) 8 Advance Rumley. ... 15% Advance Rumley pf % Ahumada Lead 103% Alr Reduction (3 16 Alr Way T Ap(2 1 Ajax Rubber 4% Alaska Juneau 18 Allegheny Corp..... 89 Alleg Cpw 340 w 534 232 Allled Ch & Dye(n$) 481 Alljs-Chalmers (3).. 24 Alpha Port Cmt (2). 18 Amerada Corp (2)... 23 . Am Aericul Chpf. ., 61 Am Bank Note pf (3) 5% Am Beet Sugar...... 27 Am Bosch Magneto. £, Am Brown Rov Elec. 60% Am Brewn B E pf(7) R Am Can (4) . Am Car & Fdy (6) Am Chain (3). Am Chain of (7) Am Chicle (13). 9% Am Comm Alcoh 15 Am Encaustic (1). 56'% Am & Forn Powe 14 Am Hawaflan (+10). 55 Am Home Prod(4.20) Am Ice (t4)... % Am Internat] (2) 1 Am Mach & Fdy (1) 38 Am Mach & Fy nw.i. 72% Am Pwr & Lt (21) Am Pwr & Lt pf (6). 25% Am Ra&Std San1%. 15% Am Republics. 48 Am Rolling Mill(n2) 5215 Am Safety Razor(5). 53 Am Sm & Ref (4). 33 Am Snuff (13%).. 6% Am Solv & Chem a51s Am Steel Fdy 3 39 47 Am Sugar Ref (5)... 103% Am Sugar Ref pf (1) 9%, Am Sumatra Tob. ... 20004 Am Tel & Teleg (9). 197 Am Tobacco (8) 197 Am Tobacco B (8) Am Tobacco B(new) 120 Am Tobacco pf (6).. 113 Am Type Fdry (8) 7814 Am Water Wks (n1). 29% Am Writ Pa pf (4) 615 AmZinc Ld & Sm. .., 4415 Anaconda Cop (3%). 19% Archer-Dan-M (2)... 34% Anchor Cap (2.40) 4% Armour of 111 (A)... 2% Armour of Il (B)... 28 Asso Dry G (2%). 215 194 Atch To & S Fe (10). 102% Atch To & SF pf (5). 145 Atl Coast Line (110) 0% Atl Refining (12) 2514 Atlas Stores (n1 91 Auburn Auto (34 52% Austrian Cred (3.82) 3% Autosales. sove 37 Auto-Strop Saf R(3) 4% Aviation Corp of Del 19% Haldwin Loco (1%). 10414 Baldwin Loco pt (1) 98% Balto & Oh10 (7). ... 63 Bang & Aroos (3%). 201 Barnsdall. A (2) 48% Bayuk Cigar (3).. 6715 Beatrice Cream (4 49% Beech-Nut Pkg (3).. 3% Belding-Hemingw: % Belg N Ry pt pf 6.49. 27% Bendix Aviation (2). 3114 Best&Co (2)....... 75% Bethlenem Steel (6). 31 Blaw-Knox (1%). 601« Borden Co (k3). 23% Borg Warner (3) 131 Briggs MfgCo...... Brockway Motor Trk 58% Bklyn-Manhat (4).. 847% Bklyn Man Tr pf (6). 15 Bklyn Union Gas (5) 134 Bruns-Baik-Col. 19% Bucy¥us (1). 94 178% 1 30% 66 Byers (A M). 48% Calumet & Ar: 13 Calumet&Hee(al). % 56 Canada DryG A (5). 226% 184% Canadian Pacific(10) 521 45% Can Pacific(new)w.l 34% 20 Cannon Mills (1.60). 28% 13 Capltal Adm (A).. 92 101 362% 156% Case (J 1) (6). 79% 54 Caterpillar Trac t3% 60 9 Celotex Co. 30% 2314 Cent Aguirr 65% 43 Cerro de Pasco 16% 5% Certal 67% 20 Checker Cab (4.20).. 241% 171 Ches & Ohio (10).... ern. . 27 ChiGreat Westn pf.. 214 Chi M1l StP & Pae. .. % Chi M1l StP & Pac of 66 Chicago & N W (6).. 11% Chi Pneu Tool. . 43% Chi Pneu T pf (3%). 25 Chi Yellow Cab (3).. 49% Childs Co 12.40). 24 Chrysler Corp (3)... 38 City lce&F (k8.60). . City Ice&Fuel pf 6% 5% City Stores (50 191% 133% Coca-Cola (6). § 64’4 50 Colgate-Pal-P (3%). 14% Collins & Alk: . 3614 Col Fuel & 2). 68% Colo & Sou 1st pt (4) 5814 Col Gas & B (2). .. 15% Colum Graph (a28c). Columblan Carb (16) 6% Com Credit 1st (6%) 28% Comm Inv Trg1.60) ®0 Com Inv T cv pfie6) 89 Comm Inv Tr pf 6%. )% Comm Solvents (31) Comwlth & Sou(60e) 99 Cmwith & Sou pf (8) 10% Congoleum-Nairn. .. % Conley Tinfoll(stpd) 18 Consol Film pf (2).. 96% Conso: Gas N ¥ (4), 49 Con RR Cub pf (6 % Consol Textile. 115 Contalner:A) (1. i Contl Baking (A) Contl Baking (B)... « Contl Baking pf (8) 50% Contl Can (2% )....0 163 Contl Diamond (2).. 50 Contl (nsur (3.40)... 3% Contl Motors. 18% Contl O1l of Del. 20 Conti Shares (1). 8714 Corn Prod Ref(t4%) 15% Coty Ine..... - 38 Crown Cork & Seal.. 7045 Crucible Steel (kb) 104 4% Cuban Amer Sugar. 38k Cudahy Packing (4). % Curtis Publisn pf(7) 312 Curtiss Wright Corp 8% Curt Wright Corp A. 24% Davison Chemical. .. 146 Delaware & Hud (9). 110% Del Lack & Wn (17). 45 Denver & RG W pf.. 21% Devoe&Ray A (1.20) 18 Dom Stores (31.20).. 67 Drug Corporatn (4). 15% Dunhill Intl (34) s Add 00, 1 27 108 208 496 2 1 110% Am Steel Fdy pf (7).100s 6 1 2 b, Low. 57% 574 Abraham & St pf (7) 208 108 26% 348 167 74 1307% 49'; 663 - 21 86% Car Clin & Ohlo (4)..1008 96 Car Clin & O sta (5).150s 102 4 4 1 1 308 10 79 92 92 102 149 188% 182 63 14 624 22% 21% 8% 73% 15% 43% 25% 264 54% 531 29% 28% 11 135 26% 264 854 85 5% 34% B2y 824 99% 99% 268% 25% 14% 14 2 101% 101% 12 1 2 583 108% 1 1.5 5 Crueible Steel pf (7) 1408 3 1 7 15 39 9 4 3 1 1 55 1 125 12% % 20% 05% “ 21 51 % 17 11 110 4% 4% 39% 39 1184 117% Ty 9% 9% 27T% 26% 1584 1584 113% 113% 60 25 20 76% 75 19% 19% 5% Du Pont de N (14.70) 101 114% 11 175% Eastman Kodak (13) 19 IKaton Axle & 8 (3) o5t Elec Auto Lite (). 3% MElectric Boat. ... 49% E) Pwr & Lt (1) 6115 Elec Storage Bat (5) 94% Eng Pub Sve of (5).. 941, Eng Pub Sve pf(5%) 35% Krie R R. & 50 Erie RR2dpf (4)... 10% Eureka Vac Cleaner. 7 Falrbanks Co pt. 7% Fed Motor Tr (80c). ) a8 10 14 2 ar 1 2 1 1 3 1 208 210 8% 8 3% 1% 69% 66% 5% 98N 98% 100 100 41% 5474 KON Closs 117% 4 9 27 168% 113% 205% ¢ 16% 87 5% 2% 88% 84 388 131 11214 6014 11% 464 8 115 4 3% 10614 8214 38 105% 5814 104% 464 43% 814 2% 93% 86% 44n 14% 119 Fox Film (A) (4 Freeport. Tex (16 Gabriel Snub(A)new Gardner Motor. Gen Am Inv pf (6 Gen Am Tnk Car(34) Gen Asphalt (4) Gen Cable. ... Gen Cigar pf (7).... Gen Electrio (1.60).. Gen Elec spec (60¢). Gen Food Corp (3).. Gen Gas&EL A (e30). GenG & EIpf A (8). Gen Motors (13.30). . Gen Motors pf wi (5) Gen Out AdV(A) (4) Gen PublicSve (b6) Gen Refractor(t4% Gen Theat Equip vie Gillette Saf Raz(n6) Gimbel Bros pf (T). Glidden Co (2). Glidden pr pf (7). Gobel (Adolf).....s Gold Dust (2%) Goodrich (BF) (4).. Goodrich (BF) pf (1) % Goodyear Tire (5)... Gotham S H pf (7). Gotham pf xw (7) Graham-Paige. .. Graham-Palge ret: Grand Unlon. Grand Union pf (3 Grant (W T) (1). Grt North of (5). Gr West Sug (1. Grt West Sug pf (1 Grigsby Grunow. 119 Backensack W (134) 7408 Hahn Dept Stores... 27 Hahn Dept 8 pf(6%) 1 Hall (W F) Pr Co(2) 1 Hanna pf (new) (7). 108 Har Wkr Ref (12%). Hartman (B) (1.20) Hayes Body. . Hershey Choe 4 Hersbey Choe pf (16 Houdaille-H (B)1.20 Houston Oil (b10%) Hudson Motor (5)... Hupp Motor Car (2). Illinots Central (7).. Illinois Cent s In(4) . 308 Independ O11 & G(3). Ingersoli-Ran Inland Steel (4) Inspiration Cop Insur ctfs(Md) (60c. Intercontl Rubber. .. {ntl Combustion. intl Comb Eng of... Int Combust pf ctfs. Intl Harvester (23) Intl Hvdro El A (e2) Intl Mer Marine (2). intl Nickl of Cani1). Intl Nick. Can pf(7). Intl Pap & Pwr (B) Intl Salt (new) Intl Tel & Teleg ¢ Inter Dept Strs (3). . Inter Dpt § pf xw(7) Investors Equity(2). 27 18 2 306 4 [sland Creek Coal(4) 4 Johni 12 326 280 64 Johns-Manville (3).. Manv pf (7).. Jones & Laugh of(7) Kelly-Spring Tire... ) Kimberly-Clark (3 3. r Redio. ..... Krog Gr & Bak (n1). Lago Of) & Trans... Lambert Co (8) Lehman Corp (3) Lehn & Fink (3).... Ligg & Myers B(16). Lima Locomoti Liquid Carbonie (4). Loew’s. Ino (3 . Loew's pf xw (6%). Loft Ine... . . Long Bell Lumb (A) Loose-Wiles (12.80). Loose-Wiles 1st (7). Lorillard (P) Co.... Loutsiana Ofl....... Lou G & E1(A) (1% Louts & Nash (7).... Ludlum Steel (3)... MeCall Corp (2%).. McGraw-Hill (2)... Mcintyre Pore M(1) McKeespt T Pl (16). McKesson & Rob (2) McKes & Ro pf(3%) McLellan Storei Mack Trucks (6). Macy (RH)&Co (nt3) Madison Sa G (1%). Mallison & Co Man Elev mod g (d5) Marine Mid (1.20).. Market St Ry pr pf.. Marmon Mot (h50c). Marshall Field (23%) Mathieson Alkil (2) May Dept Strs (n2) Maytag Co (2 Mengel Co (2).. Metro-Gold pf(1. Mexican Seaboard Miami Copper (1%). Michigan St (h2%).. Mid-Cont Petm (2).. Middle States Ofl ct. Midland Sreel (3) Midland Steel pf (8). Mil El Ry & Lt pf(6) 208 Minn Moline Pwr 3 M StP & SSM 1sd (4) 1708 MoKan & Texas (2). o Kan & Tex pf(7). Missour) Pacific. . .. Missour! Pac pf (6). Mohawk Carpet. Monsanto Ch (g1 Montgom Ward (3) Morrell & Co (4.40) Mother Lode (20c).. Motor Meter G & El. Motor Products (2). Motor Wheel Mullins Mfg...... Murray (b2 %stk). Nash Chat & StL(5). Nash Motors (4) Nat Acme (1%). Natl Alr Tran. Natl Bell Natl Biscuit, n(2.80) tl Biscuit pf (7).. Natl Cash Reg.A(14) Natl Dairy (32)..... Natl Distillers (2) 4 Natl Lead pf(A) (7). 60s Natl Pwr & Lt (1)... 366 Natl Rys Mex 2d pf. 1 Natl Steel (2). i Natl Supply (5). 5 14 T O e L LS B © 31 49 ¥ Central (8)..... Y Chi & StL pf(6). Y & Harlem (5)... 20 ¥ In YN Y . ort & Western (10, North Am Aviation. 14 North Am(b10%stk) 191 Northern Pacific (5). 1 011 Well Supply..... 3 Ol Well Sup pf (7)..1408 Oliver Farm iquip. . Otis Elev. n(23). 20 Otis Elev of (6). . 508 66 Pacific Gas & Bl (2). ). Pacific Tel &Tel (7). Packard Motor (1).. Pan-Am Petrolm. Pan-Am Petm (B) Param'nt Publix (4). Park & Tilford (33). Park Utan. . Parmelee Traus 1%. N N N N N N N Ny R B 8- Penick & Ford (1)... Penney(JC) pf A(6). RR (4) - in Dixis Ce: . Peopie’s Gas, Chi (8) 82% 33 14 118% 80 22 6 12% 198 77 167% 1% 3% 17% N SHALL MARKE List Closes Firm After Bears' Drop Attack in Final Trading. BY CLAUDE A. JAGGER, Associated Press Financial Editor. NEW YORK, July 31.—The bull| group, feeling that it had gone too far to give up at this juncture, struggled to regain control of the price movement in today's stock market, and managed to win back a substantial portion of the losses of the previous session. Yesterday's severe setback proved a keen disappointment to speculative quarters, but with reports that several industrial plants which have been closed for regular July shutdowns will resume operations within the next fortnight, many traders felt that, for the moment at least, the seasonal trend of business was more favorable to the bull than the bear cause. No Heavy Selling. Further flurries of selling had to be absorbed during the morning, but the fact that yesterday's break caused no heavy accumulation of selling orders at the opening was interpreted as indi- cating that stocks in the main are lodged with interests not easily stam- peded. A firmer tone in the whea_t‘ market also helped stocks. Shorts wi substantial paper profits were inclined | to_cover. The day’s news was not wholly pleas- ing. Studebaker’s second quarter state- ment. showed net of only 41 cents, com- pared to $3.02 in the like period last year. Although the dividend was re- duced from $5 to $4 annually on April 30, it is obvious that a further substan- tial reduction must be made unless di- rectors wish to dip further into sur- plus. Buffalo, R?che.sherla Plfl.sl:u‘l;lh passed its $2 semi-annual payment due at this time, the first class 1 railroad to take such action this year. Call money remained fairly plentiful despite the approach of the August 1 settlements. During the next day or so payments for the new American Tele- phone stock, as well as interest and dividend payment, will result in a turn- over of about $600,000,000. Despite re- cent loss of more than $40,000,000 in gold, however, the money market fails to show strain. Call loans renewed at 2 per cent and there were some outside offerings at 11%. Commission house sentiment was diverse and non-committal. The fact that the operators who have engineered the rally from the June lows have failed to attract a public following and that they have failed to make notable prog- ress since July 18 jnspired considerable caution. EARNINGS REPORTED NEW YORK, July 31 (#).—National Supply Co. had net profit of $1,122,030, or $3.38 a share, in the first half, against $1,637,315, or $4.91, a year ago. Fairbanks Morse & Co. reports first half net profit of $803,461, or $1.52 a common share, compared with $1,121,- 827, or $2.38 a share, in the first six months of 1929. American Writing Paper’s net earn- ings for the first half totaled $248,512, against $235,180 a year ago. Spang Chalfant & Co. had six months’ net income of $1,881980, against $2,046,275 in the same 1929 period. The per share earnings were $1.97 and $218 for the respective periods. e DIVIDENDS DECLARED NEW YORK, July 31 (®.— Regul Company. Am EI Pw §7 pf. Do, BI. & P ist p Am G 1d Am ‘Tobacco ol Do. B old. TR oo Atl Gulf & W Tnd... Chester Wat Sery cum pt .51.37% Clear Springs Wat rv cum .$1.50 Communit; cum pf Parker Rustproof.62%c Penn Water Serv ;150 Schumacher’ "W Paper Dt DI Wesson Oil & S grit” con’ pt white (J G) & Go White 7. 5 eineering pt . Am Tobacco old To. B ol Parker Dustproof..10% Omitted. iriod of 1929. Of these 108 companies, Andrews (FL) Inv Tr...40c Q Due Aug. 1 invite applications for crease of 24.6 per cent as compared with the corresponding period of 1929, according to a compilation prepared by Hornblower & Weeks. Of the 172 companies reporting 64, or 37 per cent, showed increased earnings this year, 108 of these companies reported earn- ings for the second quarter, compared with the same period a year ago. These aggregate earnings amounted to $183,171,000, a decrease of 30.2 per cent as compared with the same pe- 29, or 27 per cent, showed increased earnings for the period. The firm further states that previous tabulations compiled by them listed 189 companies reporting earnings for the first quarter of 1930 for a grand total of $301,653,- 000, a decrease of 17.5 per cent as com- pared with the first quarter of 1929. London is building six times as many | municipal houses a year as it did just before the World War. 24-Hour Parking Bastment o T ot Day Month. REAL ESTATE LOANS Made at Low Interest Rates TYLER &‘RP;I'HEI;FH(_)I‘!D for 3, 5 or 10 vears, if 1520 K St. NN\W. National 0475 " TRUSTEED SHARES —the IDEAL [NVESTMENT for mn- nd SAFETY. D Specially vestments ‘for indiyiduals, trust funds end funds of organizations. Sold in Lots—$100.00 Up Call or Write Standard Collateral Shares Corporation 'l."ll’ll.l Met. 2783 to Loan On Approved District of Columbia and Maryland Real Estate 51% & 6 Applications Invited 1435 K St. NW. National 2345 Underwriters - Distributors INVESTMENT SECURITIES Wasnineron Orrica 737 15th Street N. W. Telephone, National 1093 FIRST MORTGAGE LOANS on ‘residences and business properties in the District of Columbia and nearby Mary- land suburbs . . . Lower Costs, Long Term (if desired), Valuable Prepay- 2% ment Privileges . . . Three- yearloans on newer proper- ties without amortization Loan Correspondent for *“The Prudential H. L. Rust 1001 FIFTEENTH STREET ESTABLISH . COMPANY NATIONAL 8100 ED 1889 Minneapolis, St. Paul & Sault Ste. Marie Railroad, $4,106,000 515 per cent bonds, priced at 99, by syndicate Headed | by Diilon, Read & Co. Georgia leads the country as the il largest watermelon-raising State. OPPORTUNITY Wanted State Distributors for a new and fascinating game just being placed on the mar- ket by a National Publishing Company. qui Investment ired re- for merchandise from $2,000.00 to $5,000.00 fot exelu- sive territory. Applieant must be energetic and able to han- dle salesmer and solicitors. Address Box 364-C Star Office I FOR SALE High-Class Business Property Paying 8% Net Price, $295,000 $150,000, at 534 % Long-Term Lease to One Tenant Fireproof Building Wm. H. Saunders Co., Inc. 1519 K St. NNW. Dist. 1015 Money to Loan Secnred b first deed of trast on Prevailing interest and commissi Joseph I. Weller 433,57%h & & Tram First Mortgage Loans On improved Real Estate in the District of Columbia and nearby Maryland and Virginia for 3, S5 or 10 year terms on your %% Apply RANDALL H. HAGNER & COMPANY. | Home Apartment MORTGAGE LOAN CORRESFONDENT NEW YORK LIFE INSURANCE COMPANY 1321 Connecticut-Ave. Office Building Business Property Real Estate Loans Ample funds always available for loans on improved property in the District of Columbia and nearby Maryland and Virginia. Low Interest Rates WEEES RS 809 15th St. N.W. Long Term District 9486 Mortgage Loan Correspondent Metropolitan Life Insurance Company PROPERTY MANAGEMENT, Apartment House MANAGEMENT M B. F. SAUL CO. 925 15th St. N.W. WITH the large number of | Apartment Houses under ! our management, those neekingg accommodations naturally turn to us fo'{ the best available va- cancies of all types. . Thus thésé properties are teadily kept rented. Nat’l 2100 ORTGAGE - The ‘Get-Rich-Quick’ Trap The “easy money” lure attracts many small investors—and large ones, too— to buy and buy risky, speculative securi- ties which hold out the mirage of large and quick returns. But, although it some- times brings profit to some, it has been a great- misfortune to countless others— bitterness of regret succeeds the fasci- nation of .reckless investing. Today American investors are demanding more and more FACTS about securitips— actual proof over a period of years that their investment will yield them’an un- failing return. That is why so many wise. investors have chosen the 6 per cent First Mort- gage Notes sold through the Swartzell, Rheem & Hensey Company. The owner of these Notes receives the -attractive annual income of 6 per cent, assured during the bad years as.well as the good—with complete safety of principal. The sound, constant value of these Notes is a matter of record; during more than 61 years of widely varying conditions, these Notes have never fluctuated a penny in value and the interest is sent the investor so that he will receive it on the day it is due. We shall be pleased to send you a booklet explaining in detail Notes' today are such a safe why these investraent. SRR . SwaRTZEIL, - RHEEM & HENSEY Co. - MORTGAGE BANKERS TL7 15 STREET N Wi