Evening Star Newspaper, August 21, 1930, Page 13

FINANCIAL. BANKING INSTITUTE FACULTY TO MEET Plans' Get Under Way for Opening of Capital Chap- -ter’s Year Program. With plans rapidly getting under way for opening the year's educational pro- gram of the Washington Chapter, American Institute of Banking, a meet- ing of the faculty has been called for mext Thursday afternoon in the chapter rooms, 1318 F street. The faculty will meet with the edu- cation committee of the chapter, of ‘which Aubrey O. Dooley of the Federal- American National Bank is chairman. Problems related to the coming year will be discussed, and the curriculum ‘Will be gone over in a general way with & view to arranging the program of classes. Both the faculty and curriculum will be larger this year than ever before, ac- cording to preliminary plans now well under way. A meeting of the year book committee of the chapter was held this afternoon, when it was predicted that the annusl issue of Dollars and Sense would be l;ldy for distribution about Septem- The entertainment committee, head- ed by Willard G. Barker, is making plans for the social activities of the chapter, which probably will open with & dance early in October, at one of the country clubs, Life insurance, which was among the last to feel the economic depression showed a gradual falling off in sales during July, but the first seven months of this year show that during that pe- riod the country paid for a volume of insurance 2.3 per cent larger than in the same months last year. Three sec- tions showed & decrease In insurance sold for the seven months, the Moun- tain, the East and West South Central States. These figures, compiled by the Life Insurance Sales Research Bureau show, however, that the volume paid for during the past month was 2.2 per cent smaller than a year ago. The only three sections showing an Increase for THE EVENING STAR, WASHINGTON, NEW YORK STOCK EXCHANGE Receivod by Private Wire Direct to The Star Office. Note—All stocks are sold in one hundred-share lots exceptiing these designated by the 0s) which shows those stocks to be sold in odd lets only. ~Irev.1990— High. 424 3% 82 41 156% MU 15% 354 343 Stoed Low. 22 Abitibl Pwr & Paper. 21% Adams Exp (160)... 85% Adams Expr's pf (§) 23 Adama Miilie (2).... 15% Advance Rumley of.. 102% Alr Reduction (3)... 44 Alaska Juneau... 615 Albany Wrap Pa 18 Allegheny Corp..... 282 Allted Ch & Dye(ns), Bates— Dividend Rate. Add 00. BB Low. Close. Clowe. 108 90w 2 27w 274 Xy g 17 118% 115% 3B 5% 4% 1 11 11 26 21% 20% 23 25% 9013 27% 23 116% 5 11 201 257% the month were the Middle Atlantic, the Pacific and the South Atlantic States. Other sections shared the decrease, and reflected the depression in business prevalent throughout the country. Earnings for the first six months of 1930 reported by 30 chain store com- l.nles disclose & mixed trend, accord- to E. A. Pierce & Co. Eleven ch-flns reported larger profits, twelve re- ported decreases and one showed & profit against a loss last year. Four companies suffered losses and iwo others did not report comparative fig- ures. This group comprises grocery, 6 and 10 cent stores, shoe, apparel, Testaurant, drug and miscellaneous €hains. First National Stores, Melville, Jewel Tea, Grand Union, Grand Silver. Ex- change Buffet, Waldorf System, Childs and Western Auto Supply were among the companies that bettered earnings of a year ago. Six of the chains that reporied smaller earnings compared with 1929—namely, Penney, Dominion, Kresge, Safeway, Interstate Department and Sbattuck—were still ahead of the same period of 1928. ‘The American Stores, a grocery chain with many stores in this vieinity, showed a falling off of net profit after taxes in the six months from $3,017,362 in 1929 to $2.667,189 in 1930. S. 8. Kresge Co. fell off from $7,013,456 ln 1929 to $6,645380 in 1930. F. & W. Grand Silver Stores dropped from $609,- 028 to $792.408. Childs increased from $420,343 to $668,329. ‘There was very slight trading on the Washington Stock Exchange today. Po- tomac Electric construction 5s sold at 102';, Washington Gas 6s at 103 to 1025, Potomac Electric 6s preferred at 110 to 110'; and Georgetown Gas 5s at 103. The production of electricity by the electric light and power industry of the United States for the week ended Satur- day, August 16, was 1,671,393,000 kilo- ‘watt-hours, according to the Statistical Research Department of the National Electric Light Association. This is about 8,000,000 kilowatt-hours less than the output of the previous week. It is 2.8 per cent below the figure for the cor- responding week in 1929, but 9 per cent above the output for 1928. In view of the expected reduction of gas rates here in Washington, interest was expressed today in reports from Seattle that new gas rates, effecting a reduction in monthly charges to prac- tically all classes of customers, were placed in effect by Seattle Gas Co., subsidiary of Central Public Service Corporation ‘The mew rates, which will result in Jower bills on the basis of present con- sumption to all customers using in ex- cess of 3,000 cubic feet of gas per month, would result in a reduction of $50,000 in the company’s annual rev- enues on the basis of the present gas output. However, it is anticipated that the new rates will considerably stim- ulate additional use of gas by present customers and make possible the use of gas as fuel for a number of new commercial and industrial processes. Rates for house heating under the new schedule will result in savings to customers of $3 to $5 a month, depend- ing on the size of heating plant. Large industrial and commercial users receive even greater reductions The rates vary from $1.50 per thou- sand cubic feet for ufe of less than 2,000 feet monthly to less than 60 cents thousand feet for users of over ,000 cubic feet monthly. Leongrd Marbury, assistant trust of- ficer of fhe Washington Loan & Trust Co., is ph vacation at Cape May, N. J. Herberf W. Primm, assistant real estate office of the same institution, has just returnefi to his desk after two weeks at Wildwood Crest, N. J John} ‘M. Riordon, executive vice presideft of the Bank of Commerce & Savingg has received a cablegram from Mauricg D. Rosenberg, president of the bank, Beporiing his arrival at Buenos Ares, on his South American trip. He plans 16 _go to Montevideo, Rio de Janeiro, Bahia, Bermuda, and arrive in New York September 15 George L. Starkey, president of the National Bank of Washington, is plan- ning to leave September 4 on his vaca- tion, during which he and Mrs. Starkey will take an extensive motor tour through New England Bertgem Chesterman of the Morris Plen Hank has returned from a busi- ness trfp to New York CLEARING HOUSE STATEMENT. NEW YORK, August 21 (CP.A).- clearings: ay A year ago 000,000 $1,451,000,000 138,000,000 149,000,000 68 484 Allis-Chalmers (3). 3114 3 Am Bank Note pf (3) 21% 8% Am Brown Bov Elec. 156% 108% Am Can (4). 824 42 AmCar & Fdy (8) 95 Am Car & Fdv pf(T7). 1 39 AmChain(3).... 2 9% Am Comm Alcohol. 4 33« Am European Secur. 4 564 Am & Forn Power. .. 253 95 Am & For Pwr pf(6). 208 14 Am Hawallan (110).. 2 17% Am Hide & Lea pf... 31 AmIce (14).... 28% Am Internatl (). 1% Am La Fr & Foamite 39 Am Locomotive (4 90 Am Locomot pf (1 35% Am Mch & Fou Co 7% Am Mach & Metals. . 28% Am Metal Co (1%).. 72 AmPwr &Lt (31)... 75 AmP&LDIA (3%). 99 AmPwr& Ltpf (6). 23% Am Ra&Std San 1% 48 Am Rolling Mill(n2) 52's Am Safety Razer(5). 1« Am Ship & Com..... 46 Am Shipbujlding (5) 10s 53 AmSm& Ref (4)... 40 101 AmSmé& R-fnf (6). 133 AmSm & Ref pf (1 s Am Steal Fay 1) 1104 Am Steel Fay of (7 4 103% Am Tobaceo (new). . Am Tobacco B (112). 13 Am Tobacco B(new). 34 113 Am TypeFdry (8)... i 1% Am Woolen...cveeee 19% Am Woolen pf. ... 4415 Anaconda Cop (3%) 84% Anchor Cap (3.40), .4 18 Andes Copper (1%). 19% Archer-Dan-M (2),.. 4% Armour of Il (A).se A 2515 Atlas Stores (n1).... 91 Auburn Auto (J4).... 43 2 Autosa 1 37 Auto-Strop Sat R(3) 26 4% AviationCorpof Dal & 19% Baldwin Loco (1%). 27 104% Baldwih Loco pf (1) IOI 98% Balto & Ohlo (7) 109 Bang & Aroos pf 20% Barnsdall. A (3). 6714 Beatrice Cream (4).. 215 Belding-Hemingway 27% lln!l.l&vhu- @). @n R PO TR ~R2. 121 Brockway Motor Trx I 115 Bklym Union Gas (5) 18% Bruns-Balk-Col... 5% Bruns Ter & R pueha Som e e 60'% Byers (A M)... 1 Callaahan Zino & Ld. 48% Calumet & Aris (3).. 18 Calumet&Heo(ald). 17 Campbell Wyant (2). 56 Canada Dry G A (5). 62% 40% Can Pacifie(n 38 42y 341 20 Cannon Mills 121 Capital Adm Apf(3) 1 35 Cll- D). 352 190% - 63% 33 174 43% Cerro de Pasco (8) 5% Certain-teed Prod 19% Checker Cab 14.30)., 44% Chesapeake & Oklo. . 51% Chesapeake Corp (3) 3 Chi& Alton. 8% Chi Great Western 27 ChiGreat Weatn pf.. 133% Coea-Cola (6). 97 Colg-Palm-P pf “) . 14% Collins & Afkm: 12% Colonial Beacon. 3614 Col Fuel & Iron (2).. 65 (ol Gas & BI (1)..... 104'% Col Gas & E1 pf A (6) 12's Colum Graph (atle). 108 Columblan Carb (16) 23% Comm Credit 81% Comm Credit oy S!‘-m‘.asul‘..w-...-':.aa-m».-m.'a-—....-_o e 36 Consol Cigars (| 7 Consel Cer pr of $34 . 40- 15% Cansol Film (3). 49 Con RR Cub pf 11% Container(A) (1.20), 1814 Contl Baking (A). 3% Contl Baking (B) 50 Contl Can (3% 15% Cont] Diamend (2) 314 Contl Moto: 18% Contl Ofl of 16% Ceontl Share 87 £33 Corn Prod Re ot 'A) 29 Ire 35 Cuban-Amer 8ug of. 1% Cuban Dom Suga! 38% Cudahy Packing ll). 6% Curtias Wright Corp Ti Curt Wright Corp A. 56 Cutler-Hammer(3%) 24% Davison Chemical 20 Deere & Co pf (1 % 195% Detrohr dison 99 Devoe& R 139 0). 245 »78% 481, 145% 108% 255% 15% 95% Du Pont de N « 100 Duques Lt 18t of ¢ 175% Eastman Kodak (3) a7 19% Eaton Axle& S )., 554 Elee Auto Lite (8) 26 3% 170% 424 21 35 182 Eey 103% 2073 23% 103% 207% (2508) 234 Gen Cable pf (7). Gen Cigar (4) Gen Cigar pf ( Gen Clectrie (1 Gen Elec npec ) Gen Food Corp (3). ., Gen Gas&EL A(e30). Gen G&El cv pf(8).. Gen Mills (3) ,o Gen Motors (+ Gen Motors pf Gen PublicSvo (b6).. 4 Gen Realty & Ut], Gen Refract (t4%).. Gen Theat Equip vte Gillette Sar Raz(n6) Glidden Co (2). Gobel (Adolf) Gold Dust (2%), Gold Dust pf (6). Goodrich (B F) % Goodyear Tire (5 Gotham Stlk Hoslery Granby Con Min (3) Grand Union. Grant (W T) (1), Grt North of (5). Gr Nor ctfs Ore (a% . Gre West Sug(1.40) Grigsby Grunow.... . Hackensack W (134 ) Hackensk pf A(1%).. Hershey Choe (5) Howe Sound (14%).. Hud&Man Ry (3.60). Hudson Motor (3)... Hupp Motor Car «2). Lilinots Central (1) Independ O11 & G(2 » Ind Motor Cycle. indian Refining Inspiration Cop (2) Intl Agricultural. Intl Agricul pf (7). . Intl Carriers, Ltd % » Intl Cement (4) Intl Comb Eng pt. Intl Harvester (3%). 4+ Intl Hydro El A (e2). Intl Match of (4). Intl Mer Marine (2).. Intl Nickl of Can(1). Intl Pap & P (A)2.40, Intl Pap & Pwr (B) Intl Pap & Pwr (C) Intl Printing Ink Int Rys Cen A pf (5) Intl Salt (3) Intl Tel & Teleg ¢ " Inter Dept Strs ll).. Inter Dpt 8 pf xw(7) Jewel Tea (14).... . Johns-Manville (3) Kelty-Spring Tire Kelly-Spring 8% pf. Kelsey Hayes (2)... Kelvinator Corp. ... Kennecott Cop (3).. Kinney (G R) (1)... Kolster Radio. . Kresge(39)Co(1 80) Kreuger & Toll 1.60.. . Krog Gr & Bak (n1). Lago O11 & Tran Lambert Co (3) Lehigh Valley Coal Leh Val Coal pf (3) Eehman Corp (3) Lib Owens F Gl (1),, Ligg & Myers B(16). Loose-Wiles (12.80)« Lorillard (P) Co..,.. Louisiana O1l. . Lou G & EI(A) (1%) Louls & Nash (7).... Ludlym Steel (2)...s McKeespt T P1 (16) .. Me! on & Rob (2). McKes & Ro pf(3%) Macy (RH)&Co(nt3) Magma Copper (4).. Man Elev med g (d5) % Maring Mid (1.20)... Marshall Fleld (2%) Mathieson pf (7).... May Dept Strs (n2) Maytag Co (12). Maytag Co 15t pf (6) Mexican Seaboard . .. Miami Copper (1%).. Michigan Stl (h2%).. Mid-Cont Petm (2). Middie States Ofl et. Midland Steel (3) Minn & St Louls MoKan & Texas Mo Kan & Te: nf(n. Mohawk Carpet..... Monsanto Ch (g1%). Méntgom Ward (3).. Morrell & Co (4.40) Mother Lode (20c) . Motor Meter G & El.. Motor Products (2).: Mullins Mfg Murray (b2 %stk) Myer(FE) & Bro(2). Nash Motors (4). Natl Bella H Natl Biscult, n(2. l0) Natl Cash Reg.A(14) Natl Dairy (£2)..... Natl Dept Stores (2) Natl Distillers (2).. Natl Pwr & Lt (1) Natl Steel (2).. Natl Supply pf (7).. 915 Newport Co (A) (3). Newton Steel (2). 4 N'Y & Harlem ) 150% 105 28 97U 1048 v 119% North Am Aviation. . North Am(b10% stk) North Am Ed of (6).. Northern Pacific (6). Ohio Qil (2).... 0us 011 Well Supply 011 Well Sup pf (1), dmu Oliver Farm Bquip.. 41 Oliv Fr Eqpf A (6).. 1 Olv Fr Eqev pt(2). 3 Omnibus pfC A) (8).. 1 Oppenhelm Col (3).. Ouls Klev. n(2%). ... Pacific Coast 2d f.. Pacine Gas & 1) (3) Pacifie Lighting (3). Pacific Tel &Tel (7). okard Metor (1).. @an-Am Petm (B).. Pathe Exchange (A) Patino Mines. .. Peerless Motor Car.. Penick & Ford (1) Penna R R (4).. Penney (J C) (3). Pere Marq vr pf (5). Petrol Corp (1%)... Cheips Dodge (3) Phila Read C & 1. £hilip Morris ¢1)... Phillips-Jones Corp. Phillips-Jones pf(7). Plerce OIL Plerce O11 pf D. C., THURSDAY, AUGUST 21, ITRADING IN STOCKS LARGELY TECHNICAL Professional Operators Take Control of Market, With Bears Having Edge. BY CLAUDE A. JAGGER, Associated Press Pinancial Editor. NEW YORK, August 21.—The new- est baby bull market ran into difficul- ties today and stock trading degenerated into & contest for control of the price movement between opposing groups of professional traders, with the bearishly inclined making the better score. Most of the orders originated with floor traders and neither selling nor buying appeared in any appreciable volume from what Wall Street calls the “best people,” meaning large investors and important banking interests. Trad- ing was again stagnant. Bears succeeded in puncturing a few soft spots in price fabric, particularly in the rails and speclalties. Most of the pivotal shares fluctuated within a range of a point or less from last night's closing levels, although there were a few breaks of several points, Razor Stocks Down. The safety razor stocks again proved vulnerable, both Gillette and Autostrop losing more than 7. Rails generally declined 1 to Southern Railway reaching the lowest price in six yvears; Iilnois Central, the lowest in five, and Baltimore & Ohio the lowest in four. Shares declining 2 fo 4 included V: nadium, Westinghouse Electric, East- man, Auburn, American Tobacco B, National Biscuit, Alr Reduction and American Smelting. Losses of a point or so embraced most of the important stocks by early afternoon. What was characterized in many quarters as bear propaganda appeared in the form of various unconfirmable rumors, one having to do with the financial condition of an important company, into which prominent bank- ers have recently placed several millions after a thorough investigation, which they say convinces them that the con- Mr’n is in.a sound and promising con- dition. Better Conditions Foreseen. Publication of the results of a poll of the country’s bankers, showing two- thirds looking for good business by Oc- tober, was used as a bull argument in sencing stocks temporarily higher dur- ing the morning. A private survey of business prospects made for the offi- cers of one of the world's largest banks is said in banking circles to have indi- cated that signs of improvement are already apparent, and that business will return to normal early next year. A private survey conducted by Nation- wide Utility System has also resulted in similar conclusfons. Call money renewed at 2 per cent for the first time since August 11 and was available in the outside market at 11, per cent. Easy money is expected until the Labor day currency demands r;fnlbout $75,000,000 make themselves elt. Sugar Price Cut. DENVER, August 21 ().—The Great Western Sugar Co. yesterday cut the price of beet sugar to $5.07 & hundred. Officials said it was with one exception, paid in the history of the industry. DIVIDENDS DECLARED NEW YORK, August 21 (#).— Compa; Addtessokraph Tn Aln & Vicksburs Ry Line ... 435 Bl Bror bt e BBk P itk Ingust Hydro EI Pow Lisgtt & Myers pf 4178 diow Mfe Asso..$2.30 H R’ Malitnson ‘Co Riinter B & Ba K. -500 Sw Penn Pipe Lines.$1 Stan¢ G & EI pf... $1 Starrett Corp pf.. 75c Vicksbu & Pac o ?ooonon?'fi 20000 00D DPOSOIY Do. pf el weleh "Grape "Juice 35 Do. pf 1.78 pressed 81 Gar pi sLT8 Shell Un oIl ot 31 Am, ; Boxton, Eiev m: o cons RROoPCiba’ stone & Wabster 31 & Inereased. Mesta Machine ....50c Q Ext Welch Grape Juice.25c .. Initial. new....7c @ Interim, Bilt Am Toh Ltd...10d 6d 1mp Cher’ Thdis. 3% Omitted. Rainier P & P B..2% Q Sheh Gmon: on > 3¢ & “Include dividends on Corp Inter Balt Due Sep. 1 Chase Securities the lowest price, | 1930. BANISTER SHOE CO. DISSOLUTION EFFECTED NEWARK, N. J, August 31 (#).—A certificate of voluntary dissolution of the James A. Banister Co., nationally known shoe manufacturers, was mailed yesterday to the secretary of state by counsel for stockholders. Company officials said there was no financial pressure, but the outlook was not sufficiently promising to warrant continuance of the company. Licuida- tion was exwled to start immediately. BUILDING OPERATION EXPENDITURES GAIN Total Indicated for Nation in July Is $164,067,963, Labor Bureau Reports. By the Associated Press. A total indicated expenditure of $164,- 067,963 in building operations during July in the Nation's principal cities— a1 increase of 2.4 per cent over the pre- vious month—was reported today by the Bureau of Labor Statistics. A decerase of 2.2 per cent in res dential building in the 288 cities of over 25,000 population included in the survey, the bureau reported, was offset by an increass of 5.1 per cent in non- residential construction. The Borough of Manhattan led in contemplated construction in any single locality with plans filed for four office buildings to cost $15,000.000, a hotel to cost $3,250,000 and six factories to cost nearly $5,000,000. New Orleans, with a contract for a Government Marine ho&pltll to cost Boston, with an office building to cost $1,200,000, were among the other lers. ‘The Middle Atlantic States led other sections with estimated residential con- struction during July of “24,415,922 and non-residential buildings estimated at $39,020, 900. Bourse Irregular. PARIS, August 21 (#)—Price changes were irregular on the bourse today. ‘Three per cent rentes, 88 francs 40 centimes; 5 per cent loan, 101 francs. Exchange on London, 123 francs, 83 centimes. The dollar was quoted at 25 fnncs 42‘. centimes. lndustrlal Loans $50.00 to $200.00, with semi- monthly payments, to home- owners with permanent positions. To Government employes. 734 Southern Building Natl. 1596 TURN TO The automobile column in the classified section of today's Star for Packard's list of used cars, PACKARD’S USED CARS ~ ALEX. BROWN «* SONS £ Underwriters » Distributors INVESTMENT SECURITIES Wasnincron Orrics 737 15th Street N, W, Telephone, Netional 3053 ‘Marn Orrion -~ Batviwens o¥D and nearby Maryl MORTGAGE LOAN 1321 Connecticut Ave. First Mortgage Loans On improved Real Estate in the District of Columbia RaspaLL H. FlAGNER & COMPANY NEW YORK LIFE INSURANCE COMPANY Virginia for 3, 5 or 10 CORRESFPONDENT Decatur 3600 PROPERTY Apartment House MANAGEMENT MANAGEMENT ITH our experience cov- ering more than a third of a century in Apartment FINANCIAL REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD Avpliestions tnvite o A apari dwellings, 017 on well Toeated busimers. for 3. 5 or 10 years, if so des! 1520 K St. N.W. National 0475 MERGENTHALER LINOTYPE CO., Brookiyn, N. Y., August 19, 1930; A auarterl> Gioaem e 810 n ot it 556000 sharcs o Sretsit otetbniian they appear at the close of business on Seps tember 3. 1930. The Transfer Books will not be closed. xs A 13 Money to Loan Socnred b7 Sroh doed of trast on reat estebe Joseph 1. Weller ‘@74 & ,W First Mortgage Money GEO. L. SCHARFFENBERGER. Treasurer. Money on Hand to Loan on First Deed of Trust 699, Interest Reasonable Commission and Prompt_Replies to Applications JAMES F. SHEA 643 Louisiana Ave. N.W. B. 925 15th St. for 6% BUILDING LOANS or IMPROVED PROPERTY Reasonable Rates Prompt Action F. SAUL CO. Nat'l 3100 National Metropolitan Bank 15th St., Oppoute U. S. Treasury 1814—Oldest National Bank in the District of Colum Life-Long Friends TThe Metropolitan numbers among its customers many who represent the second and third generations of original depositors. f[Consistently high standards of service and the policy of ready accommodation, whenever merited, build friendships that survive the years. 3% on Savings - We invite applications for 3% 1001 Fifteenth Street First Mortgage Loans on residences and busi- ness properties in the District of Columbia ."J nearl‘;y erylmd m,)url)a. .o Lowtr costs, Long Term ( if desired), ValuaLle Pnpaynunt Privileges . . . . Three- year loans on newer properties without amortization H. L. Rust Company ESTABLISHED 1889 YLoan Correspondent for *The Pridential® —1930 National 8100 Slack Insurance EASO: L workers know all too well that every once in a while there will be a slow-down. The one way to bndge this gap of time with no income is to be financially prepared when the slack season rolls in. You ean create your own unemp]oymem insurance” by setting aside a small por- tion of yeur. ear: ings in a sound, never- fluctuating security—such as the 6 per cent First Mortgage Notes sold through Swartzell, Rheem & Hensey Company. These N’otes are purchased by thousands of people all over the world who want extra income when extra income is most needed. Your money in these Notes supplies you, with a steady income of 6 per cent an- nually through “good” . « year in and year out'. . . years and through “off” years. And this record of éarnings ex- tends for over 61 years During that time, no owner of these First Mortgage Notes has ever suffered the loss of even House management, we will know just where to look for needless expense, and to in- crease income—making your investment maximumly profit- able to you. W% ; 9% 3% Blectrie Boat. 108% 49% E) Pwr & Lt (1), 100% 97% Elec Pwr&Lt pf (8).," 112 105 Bl Pwr& Ltof (1).. 63% 35% BHORR..viveecenn 50': 34% Fairbanks Morse (3) 12w 7w Fed Motor Tr (8te) %l 147,000,000 a penny in either interest payment or on the original investments. ¢ Period. Payavie 5 85! Prod & Refiners 4 Pub Serv.N J (8.4 Pub Serv N J f iR 10615 Pub Serv N J pf (6). 121 PubServ NJ pf (7). 194 fure O1l (1% 52 Purlty Bake, This is why you should inquire as to huvg they may meet your m\estment needs. 200000 281, Fourth Natl [nvest. 164 Fox milm (A) (). 187 941 Frank Simon pf (7). - 108 68 Radie Costi s 9 s Rime 5 B) (b). 371 ¥reapori Tes ¢¥8).." " 10 10 Radio-Kelth-Orph A 1615 5% Gabriel Snun(A)new 1 % | GR% 28 Raybestos Man 2 60 2% Qardner Moter 1 100 Reading Rwy (4) 7" Gen Am Investors, 84% Rea) Silk (5) 7814 Gen Am Tnk Car(34) 21 23 Rem Rand ( 38% Gen Aspralt (4) 1 Reo Motor Car ( Republic Steel (4), .. (Continued on Page 14.) 3214 Radio Corp. .. 53 Radio pf A (3%). SWARTZELL, RHEEM & HENSEY CO. MORTGAGE BANKERS 727 15 STREET ~.w./ WASHINGTON DiCo. & Bay B Son b =neral Cigar Co Highee Co 2d pf Hooke: | Blectrochen, R K B. F. SAUL CO. 925 15th St. N.W. Nat’l 2100 5180 M ORTGAGE ofima; Ynlt Wall P tac or Western Pipe & ‘Steel. LOANS BOOOOOCTOOOD000000