Evening Star Newspaper, September 14, 1930, Page 80

FINANCIAL, BOND PRICES FIRM ONLIGHT TURNOVER . Convertibles Affected by Heaviness in Stocks. U. S. Issues Strong. By DONALD C. BOLLES, Associated Press Financial Writer. NEW YORK, September 13.—Bonds ‘were firm on small turnovers in a quiet two-hour session today. Activity was confined to comparatively few issues. Favorites included St. Paul adjust- ment 5s, St. Louls San Francisco 41%s, Santa Fe general 4s and International ‘Telephone 5s, which averaged about a quarter point higher. Great Northern s _sagged. Share feature bonds felt only slightly the heaviness of the share market. American 1. G. Chemical 5155 and War- ner Bros. Pictures convertible 6s eased half a point or so. United States Governments were un- ehanged to nominally higher on smail | dealings. In the foreign division Japan | 5l,s, German 7s and Italy 7s showed | firmness, while Argentines tended up- ward. CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS NEW YORK, September 13.—The following is today's summary of impor- tant corporation news prepared by Standard Statistics Co., Inc, of New York, for the Assoclated Press: News Trend. The several trade reviews Teport further moderate expansion in whole- sale and retail distribution during the t week. Improvement is irregular, gowever, and not_discernible in every branch of trade. Sentiment has become more hopeful with gain in activities and the expectations of further im- provement. A favorable factor in the general situation is the greater firm- ness in wholesale prices. The latest tabulation indicates quotations have be- come more stable, with some raw ma- terials showing betterment. Commer- 4 98.26 Lib3%4s1932-47. 102.10 100,10 Lib 1st 43,8 193 1088 100.28 Lib 4th 41, s 1933-: 102, 98.30 US3%s1940-43 1024 99.1 106.17 108. 109.4 105.1 113.14 109.2. 92 Bank of Chile 6148 '57 94 Bankof Chile 6%81981. 101% Belgium 5 107% Belgium 8s'41 6214 Bolivia 7 % 102 Bordeaux 724 Brazil 6% 94 Brazil 8s'41. 10214 Canada 5s°52. 67% Colomba 6s 1961 Jan. 95% Copenhagen b8 '52. 109% Czechoslovakia 8s '51. 99% Denmark §3%s 1955 103% Denmark 6s '42. . 101% Dutch East Indies 6547 101% Dutch East Indies 65 ‘62 97% Finland 7850, 1124 French 7s'49 118 French 7% 86 Ger Gov 534865 wi. 8414 German Bank 6s 1938, 105% German 7s *49. 81 Greek 681968, .. 96 Irish Free State 58 ' 94% Italy o 101% Japanese 6% 92 Kreug&Toll 5s ct wi‘s9.. 10% Mexico 43 1904 85 Milan 6148 ‘52 7% 103 Netherlands 80 New South Wa 100% Norway 5%s 86% Orient Dev 5%8'57...... 102 Paris-Lyons-Med 6s'58.. Paris Orleans 5%s 1968. ., Peru 65 '60. . Peru 7s. Poland 85 '50 Queensland 6 Queensland 7 Rhinelbe 7s. 10 10 10: 10; 10 12 12 991 Rome 6148 '52 Sao Paulo Sta % Seine Dept of Serbs.Croats&Slavis'62. . ‘bs Croats Slov 88 '63. . Toho Elec Pwr 78’65 Utd Kingdom 6% '37. Uruguay 6s 1960, Vienna 6s 1952 cial failures this week were large, num- bering 463 against 397 a year ago. Bank clearings were again substantially below last year. Total in principal cities of the country fell 38.7 per cent below the heavy exchanges of a year ago. New York City's clearing declined 43.9 per cent, while centers outside New ‘York dropped 24.8 per cent. Corporation news is varied, with dividend omission announcement by Excello Aircraft & Tool, & reduction by Silver King Coalition and a back divi- dend declaration by Wilson & Oo. Pavorable earnings reports were pub- fished by Scott Paper and Service Sta- tions, Ltd. The Industries. Aviation—Sales of aircraft during 1930 are not expected to exceed 3,000 machines, at maximum, and may well fall appreciably below this figure. Manufacturers still have on hand siz- able inventories, which were casried over from last year when plants were operated far in excess of trade’s quirements. As a Tesult, the aeronauti- cal industry is in the throes of dépres- sion and no near term improvement is in p as much time will have to elapse before surplus can be &l Engine manufacturers are more favorably situated because of & substantial replacement demand. More- over, since the major part of business 1s handled by p:?.l tJ:n leue‘l.gln:mx:lmas. ruinous com evide mong plane producers has not spread to the engine field. Coal—Bituminous coal demand has further declined in conjunction with general trade depression. Stocks in consumers’ hands July 1 were the low- est since 1922, but reserves in upper lake docks were higher. Current out- puts are conforming to curtailed de- mand, and have, therefore, reg- istered little of the drastic downward trend recently seen in other basic com- modities. Continued reduced buying, and the ease with which new demands be satisfied in short notice, will vent sustained higher prices in the ar term, at least, it is believed. Sim- flar tendencies govern anthracite divi- sion of industry. However, a more sta- ble, if gradually diminishing demand is -registered because 80 per cent of out- ut is consumed domestically. Inroads Ey substitute fuels and increasing im- ports of low cost coal from Wales and Soviet Russia indicate that higher prices, other than those influenced by strictly s trend, are unlikely. Rafiroad—Representative Coal Ex- porters Assoclation request I. C. C., to reduce fi t rates on export coal by $1 ton to help meet foreign competi- tion in Mediterranean and South American countries. The Companies. Auburn Auto—Auburn eand Cord cars in hands dealers September 1 averaged 2.25 cars dealers against 3.23 January 1, 1930. Chrysler Corporation—Introducing new line standard and heavy duty motor trucks; price range $645 to ,605. ”Durlnl Motors—TFo introduce new large four cylinder car; price about '.’g F. Goodrich Co. expects to benefit from entry leading oil companies into retail tire field; working capital August 31 $85,187,000 of which inventories were $50,605,000 and cash $13,954,000, ratio current assets to current la- bilities. Jewel Tea not to go ahead with plan under which it might take interest in Van Camp Packing. Newton Steel reported merger nego- tiations pending with Corrigan McKin- ney Steel. Niagara Hudson Power acquires all outstanding stock of Syracuse Suburban Gas. Scott Paper earned $3.21 common ghare in eight months to August 31 vs. $2,82 year ago. Service Stations, Ltd., first half earn- ings $3.73 class “A” share, after par- ticipation, against $2.96 year ago. Silver King coalition Mines reduces dividend to 15 cents common share; paid 25 cents last quarter. A. O. Smith Corporation, August ship- ments set new high record; unfilled orders sufficient to keep operations close to capacity for some time. Standard Oil California, effective Monday, to advance gasoline prices 1 cent and reduce offered prices refinable crude 8 to 12 cents barrel. Standard Ofl Indiana to sell tires at gervice stations and through garages handling company’s products. Underwood Elliott Fisher obtains $200,000 bookkeeping machine order Warsaw 7s 195! Yokohama 6s Am Agri Chem 7 Am Beet Sugar Am Internation 638 Am Natural G 638 42 Armour & Co 4% Armour of Del § Atlantic Ref deb Bell Tel (Pa) ref 6 Beth Steel pm s Certain-teed 538 1948, .. Chile Copper bs "47. . Colon O11 68°38 Columb G & B del Comm Invest deb és Con Coal (Md) 1st re: Goodrich (BF) 6%8'47. Goodyear Rub 58 1957. Humble O & R 5%s'33 Inland Steel 4 %s 197! Inter Cement 68 *48 Inter Match 5s 47, . % Inter Mer Marine 6s '41.. Inter Paper s A '47. Int Tel&Tel cv 4%s ‘39 Kan Gas & Elec 4%880... Lackawanni ltl;l 6860, Lorilard § Manati Sugsf 7 Midvale Steel b5 Montana Power 55 1 vat Dairy Prod 6% at Radiator 638 Northern States Pow bi Pacific Gas & El 6842, Pacific Tel & T 52 Pan-American Para-] -Lasky Philadelphia Co 68%67.... Phil&Read C&I 65 wi ‘49, Philips Petrolm 6% #39.. Postal Tel & Cab 6333 Reming-Rand 6%s Sinclair Ol 7s'37. Sinelair Crude O11 5% 943% Sinclair Pipe Lin 103 Southwes Bell Tel 100% Stand OfINJ 6s... 95 GBtand OUNY %85 29 Sugar Est Oriente bs 971 Tenn Copper 6344 B 97 Transcon Ol 6% 92% United Drug 68’53 80 U S Rubber 18t & r 9714 Utah Power & Light 86 Utilities 83 Walworth 6s'45. UNITED STATES GOVERNMENT, High. Low. Close. 103% 681y 91 945 1005 104% 96% 9014 951y 631y 91% 873 99 THE SUNDAY STAR, WASHINGTO ' BOND SUMMARY FOR THE WEEK 9614 110 102 104% Walworth 6%4s"35....... Western Union Tel 6%48. . Wilson & Co 1st 68 °41. ... Youngstown Steal 55'78.. RAILROAD. Atch T & 8 Fead) 4s°95. . Atch T & S F gen 4595 100.30 101.83 1021 1026 102.28 103.6 101.13 101.22 101.30 102.4 105.26 106.6 107.28 108.11 112,15 112.20 triiasss Atl Coast Line 4%s B & O gold 48’48 B&Ocv4ls 33, Balto & Ohlo 53’48 B & Oref 5895 B & O ref 68 D 2000 Balto & Ohlo 63 95, B&OPLE& W Vads B&OS W Div6s'50. . Bangor & Aroos 48 '51. Boston & Matne 55 '67. Broadwy & 7th Av bs Brooklyn Manh 1st 6s A. . Canada National 4% ' adian Natl 4345 n Nat July 5s '69 Canadian Pacific deb Central Pacific 45 '49 Central Pacific 58 1960. Chesapeake Corp bs "47 Ches & Oh gen 4%5 92, Ches & Ohlo 4%8"93 A, ChiB& Q4%s B 7. Chi B & Q ref 6371 Ch & East Il gen 58 ‘51 Chi Great West 48 '69. ChiM St P & P 58’76 Chi M St P & Padj bs Chi& N W 6%8°36. . Chicago Rys 65 "27.... Chi R 1 & Pac ref 4s'34 Chi Union Station 4 4s. Chi Union Station 6%, Chi & West Ind con 4 Chi & West Ind 5%5'62. . CCC&StLIf4%sE"TT. CCC&StL6sD.. . Cleveland Term 68 B '73.. Cleveland Terminal 6%s. Colo & Sou ref 4148 '35. Cuba R R 68 '52.. Cuba North 538 *42. Del & Hudson 5%#'37. Den & Rio Grande en 95 95% 105% 105% s 1087 105% 105% 88K 89 0% Tk 99% 100 110 110 1% 10114 101% 6% 105% 106 3 102 102% 21 1024 102 01 100 100 0% 120% 120% 5% 125% 12514 86 861 89% 90 105% 105% 85% 87 100% 100% 98% 98% 105% 105% 98 984 16% 16% 89% 90 104 1044 85% 85l 102% 108 924 92% 104% 104% 103 103% 100% 100% 104 104 94% 947 9 89% 94 95 60% 61% 90% 901 93 93 Erie 1st con 48 '96. Erie gen lien 4s'96. Erie ref 53 '67 Flor East Coast 58 '74. FondaJ &G 4%s '52. Grand Trunk s f deb 6s. Grand Trunk 7s ‘40 Great North 4%8'7 Great Nor gen 538 '52. Great North gen 7s '3 Havana Elec Ry §%s. P44+ 1440 4410 14| 104% 105 100% 100% 105% 105% 2% 934 86Y% 87 Sl 981s 98% Illinois Illinols Central 4 Inter Rapid Tran 55 '6 Inter Rap Tr bs sta '66. Inter Rapld Tran 6s '32 Inter Rapld Tran ev 7 Inter Gt Nor adj '6 Inter Ry Cent Ain 6% Towa Central 4s '51 Kan City Bouth 35 1950 Kan City South 68 ‘50. . Kan City Ter 1st 48 Lake Shore 48 ‘31 Lehigh Val cn 48 2003, Louis & Nash uni 45 '40.. Market St Ry 78 A 40 M1 EIR & L 18t re Minn & St L re MStP&SSM Mo Kan & Tex 1st 4s Mo Kan & Tex adj 55 "67.. Mo Kan & Tex prin 5sA.. Mo Pacific gen 4s°75. Mo Pacific 6s A "65. Mo Pacific 5s F'. Mo Pacific 63 G - Mobile & Ohio 43877, % Nassau Elec 4551, N Y Cent deb 48 100% 100% 100 100 1044 104% 644 6415 101% 102 107% 108 9915 100 7 78 102 108 103% 104% 160% 160% 106% 106% kil 102% 103 107 107 102% 102% 464 46% 103% 108% 105% 106% 91% 91% 102% 102% 97% 9Tt 101% 101% 100% 101 101% 101% 82 B2y 105% 106 9% 95% 108% 103% 103% 103% 105% 105% 122% 122% 100 100% 96 6% 45 45 101% 102 103% 103% 100 100% North Pacifior 1 6s 2047.. Ore Wash 1st ref 45 '61... R FE OFFEF SEF FE FEFF Reading 4% 4 Rlo Grand W RIArk& L 4%s'34... St L Iron Mt gen 5s % SLIM&SR&G ¢ . 4 StL&SF prinds A’50.. StL&SF4%s'T StL & San Fr 68 St Louls S W con 48 "StPKCS Line 4% Seaboard A Lref 4s Seaboard A L adj Seaboard A L con South Pacific col South Pacific re; South Pacifie ¢ Southern Ry Southern Ry Southern Ry gen South Ry dev 6% Third Ave 15t ref Third Ave adj 6 "60. Union Pacific 1st Union Pacific s 68 Un Pacific ref 4s 2008 104% 104% 103 103% 4 102% 102% 106% 106% 108% 104% 100% 101 14 101% 102% 101 101% 97 7 90 93 9915 100% 104% 104% 102 102% 1024 102% 105% 105% 4 104 104% 99% 100% 29 29 102 102 109% 109% 99%, 99% 82 '«83 4 101% 101% 0% 904 88 89 T+444+1 44444454+ + 14 EEELPFEFES FEPPFEFTESFE FUIHE 144 West Maryland West Maryland 5% n Pacific 58 ‘46 Shore 1st 48 236 FEF =¥ 3y 964 961 + (41 t Fa8 28 P+l + ] + 44411 LR R o S Ty FLHHL I+ #1410 + - o ® +1t1 i+ TL4l++0 #0010 FR FEFEESERE SRS F+LI4+ 44441 +He4+ E FFFREE FEFTEFEEF DEMAND INCREASING FOR NATURAL GAS| Cost of Long-Distance Piping Found Not Too Costly, Recent | Survey Shows. Bpecial Dispatch to The Star. NEW YORK, September 13.—Trans- | mission of natural gas can be profitably carried out, in some instances, as low | as 214 cents per 1,000 cublc feet for 100 | miles, despite the seemingly prohibitive | cost of long-distance pipe lines, G. E. Barrett & Co. disclose in a pamphlet published this week. Present developments, especially in pipe line construction and in increasing | efficiency of modern compressor sta- tions which actually have made pos- sible the transportation of gas long dis- tances, indicate that this figure may be even further lowered, the pamphlet | shows: | “Natural gas is an industry which has climbed the ladder of success at a bewlldering speed, consumption having | b from French government. ‘Ward Baking directors send stock- holders letter urging them to defer action on any offer by Morrow interests. ‘Wextark Radio Stores had deficit of $377,900 in year to June 30. Wheeling & Lake Erie R.lllvl?, 1. C. C. examiner recommends control this road be denied Pittsburgh & West Virginia Raflway. ‘Wilson & Co. declared back dividend of $1.75 on preferred shares. ‘Youngstown Sheet & Tube, vice presi- dent states expenditure of $31,500,000 needed to modernize pipe and sheet department. Excello Aircraft & 'Tool omits 20 cents quarferly common dividend cur- rently due. In a recent month Soviet Russia in Turope imported $731,930 worth of American glectrical equipment, tripled since 1921, yet from the long- range view it is still an infant indus- try,” the pamphlet states, “Irrespective of the fact that natural | Ty, gas has twice the heating content of artificial gas,” the pamphlet adds, “ar- pponau; tificial gas is considerably more ex-|ygipnp, pensive than natural gas with the result that large cities throughout the coun- try are shifting to natural gas and it is only a question of time until the major markets will be fiurpllcd with natural instead of artificial gas. DI;IDEND DECLARED. NEW YORK, September 13 (Special). ~—The regular quarterly dividend of 37% cents per share was declared at a ™ of the board of directors of | New Y Corporal meeting the Petroleum tion of America, stockholders RAW SILK FUTURES. NEW YORK, Sepiember 13 (Special). —The market for raw silk futures was steady today with rather active buying for trade interests, while uptown op- erators were also in the market. The Far Eastern markets were lower, with Yokohama down 7 to 19 and Kobe off 5 to 20. f A dispatch from Yokohama put the | final estimate of the Spring cocoon crop | at 56,083,840 kan, compared with last season’s actual production of 50,504,540 kan, or an increase of 10.8 per cent. The first estimate of the Spring and Autumn er eggs for hatching is 9,886,830 car EARNINGS REPORTED. NEW YORE, September 13 (#).—Per share earnings of corporations report- ing this week, with comparative figures || for the corresponding period last year, | include: 8ix months, Ji Indian Refining Hercules Motors Richfield Ofl of Calif. .. Struthers Wells Titusvilie 1930, $0.16 174 045 161 0.02 | 1920. $0.25 H annual deposi azkaE2 04 Warren Poundry & Pipe. 0.68 Year, June Kirsch’ Co. racl S Prentice Hail ' nive: Samoan Smomm. 835323 3 4 0.16 ER) > z if 3 ® H Portland Eight _months, Au | Noblitt-Bparks Industries i BANK CLEARINGS. NEW YORK, September 13 Today. $1,087,000,000 161,000,000 Date of birth. (Bpe- A year ago. #1,800,000,000 203,000,000 Fe——————————— yable September 30, &'mm—uu i D. C, SEPTEMBER 14, 1930—PART SIX. Net High. Low. Close. Chee. % FEEFES ¥ L 4 B L FEFEPL FEPFF P EFEREIT §F EEEFS SEF FEEFE ¥ iu):!“i* FFEE FEFERPF YT - FEEFE nea ® & fiS:fl-f-" - NEW YORK STOCK EXCHANGE Sweets Coof Am (1), Symington Class A....o Telautog’h Corp (11.35). Tenn Ci &Ch 4. Texas Pacific C & O1l. ‘Texas Pac Land Trust.. Thateher Mfg (1.60). Thermoid Co. ‘Third Avenue. Third Nat Inv (2). Thompson (J R) (3).... ‘Thompson Prod (3.40).. ‘Thompson Starrett Co.. Tide Water Asso (60c).. Tide Water As O pf (6). Tide Water O1l pf (5)... ‘Timken Det Axle (80¢). ‘Timken Roller Bg (3) Tobacco Produc . Tobac Prod(A)(80e). ... 2% Tobacco Prod dv etfs A. Transamer ($1.60) . Tri-Continentl Corp. Tri-Con Corp pf (§).... Trieo Products (2%). ‘Truax-Tra Coal (1.80).. Truscon St (g1.20)..... Twin City Rap Tr (§4).. Twin City Rap Tr pf(1). Ulen & Co (1.6 Underwood-. Union Bag & Pape United Corp (5! United Corp pt (3. United Dyewood 36% 198% 151% 148% 141 FEPEE REESEFETRE SEFLSSEF #¥F AR T e T B B A B B A | T - 4111+ +) +) W ! L++ 14+ seds wxefer L+ 1+000 + & Cser- ¥ 333 3 Dividend rates as % Ex-alvidend serip. 1 " 1PN s i% In stoek” ¥ Phus L+ i+l 44+ . Stoek U S Tobaceo (4). U 8 Tobacco pf (1) Universal Leaf Tob (3 Univ Pletures 1st pf (8 Univ Pipe Util Pwr&Lt A (e2). Va-Caro Chem of (7)... Va Elec & Pwer pf(6) n. Va Iron Coul & Coke. ... Va Iron Coal & Coke (pf) Vulean Detinning (4)... Wabash, Waldorf System (1%) Walgreen pf (6%).. Ward Baking (A). Ward Baking B. Wara Baking pf Warner Bros Plet. . Warner Bros P pf (2.20) Warner Quinlan. .ol Warren Bros (3) Warren Bros 1st pf (1). W'ren Bros cv pf (3)... Warren Fdy & Pipe (2). Webater-Eisenlohr..... Weason Oil & Snow (2). Wesson Ofl & Sn pt (4). West Penn Elec A (7)... 1 West Penn Elec pf () West Penn Elec pf (1) West Penn Power pf(§). West Penn Power pf(7). Western Dairy A (4) Waestern Dairy B. Western Maryland Western Pacifie. Western Pacific pf. . \Western Union Tel (8).. Westinghouse Alr B (2). Westingr.ouse E & M(5) inghse E&M pf (5) Weston Elec inst (1)... Weston Elec Ins t A (2). West Vaco Chlorine(3). White Motors (2).. White Rock M 8 (t414). Wilcox & Rich (A) 33.. Willys-Overland. ....... Willys-Overland pf (7). Woolworth Co (3.40).... Worthington Pump. ... 1 Wright Aeronautical. Wrigley Wm (4)... Yale & Towne (2) Yellow Truck & Coach Young Spring (3). . Young Sh&Tu(B)sta(5). 130 Zenith Radlo. ......... RIGHTS—EXPIRE. 1 Michigan Steel..Sept 23 % Warn Br Pic Sept 15.... ven in the above table ire the snnual eash | o Iatest ‘quarterly or aif artions. ex Plur 4% Ill"A.G.E"I“?“ ] e hasea o o 1 Partly % in stock. n FINANCIAL, Money on Hand te on First Deed of t 69, Interest B JAMES F. SHEA. 643 Louisiana Ave. N.W. and dividend. 105% b +++ limited amount of choice first trust notes in denominations of $100 up, bearing 61,% interest. The type of securities which please careful investors CHAS.D.SAGER. 924-14 SLAW. * |5 Pres interest *|Joseph I Weller 3% & ¢ ¥3° P “mias. b First Mortgage Loans In Arlington County and Alexandria, Virginia Commonwealth Investment Co., Inc. 808 15th St N.W. Phone National 3023 Moflng Loan Correspondent for The Prudential Insurance Co. §) Pr+1 1+ +) - @ w o ERFFSFEFIFFR L N 14+ \ il ++ 1+ +1t DENVER STOCK MARKET NEWS —gives facts about mining. oil and in- dustrial companies whose securities are quoted on’ the DENVER BTOCK EX HANGE, 'of which we are members. Statistical department will supply data, aquotatdons. etc. on any Western com- pany. PREE trial subscription on request. W.R. GIVEN & CO.,, In¢. (Est.1913) Interstate Tr. Bldg., Denver. Colorado. FRsxss"r # ras 8% Th — Fidelity Building & Loan Association Are e On sy 7% Savings Sawn 126 x127% 31 31 “ ™" 40% x40% 35° 32 A S b e s UL EFFE 41% " 1% 1 1 2% 1% 2% & Paid last year— when sarned. ¢ Payal HIGHER WHEAT PRICE FORECAST IN WEST Improvement in Business Condi- tions Is Noticed During Past Week. Special Dispatch to The Star. KANSAS CITY, Mo, September 13. for their customers and are not worry- ing over the situation—but it is a dif- ficult art to secure a loan for anything but the most essential purposes, and then for the smallest amount that will . Eventually the interior is by this process going to mvw credit TWO DIVIDENDS VOTED. NEW YORK, September 13 (Special). directors of Interstate Baverios —The of Corporation have declared the second quarterly dividend of !'1.02% per share on the wmuon‘n 6.50 eumulative preferred stock, and of 25 cents per share on its common stock, both NEW AND REMARKABLE The New Family Income Plan of the Home Life Insurance Company of New York Now, you can double the income for your growing family. The new FAMILY INCOME PLAN guarantees 12% each year on the face value of the policy, during the income-payin, period and then—pays the full face value in cash undiminishe by the income payments. More than twice the income from money invested in the usual way. Income begins immediately upon your death, continued until the twentieth policy year. Available when most needed— while the family is growing. Not deducted from the face value of the policy. Costs little more than Ordinary Life. | Dividends ordinarily increase each year, thereby reducing the Serves as a sinking fund for you—if you live. | Places a large part of total deposits at your disposal when you may wish to retire. Please Jet me have full information regarding your Famlly Income Policy, H. R. BRYARLY & BROTHER General Mgrs. for D. C., Md,, Va. and W. Va. 1001 15th St. NW. Washington, D. C. e e e e 1 | | | | | . Oceupation. . ; | | | | ] icans in Shanghai, China, mow number 241 firms and 3,332 individuals. Natl. 5391 NATURAL GAS RUSHED TO SOUTHERN CITY Special Dispateh to The 8 MACON, Ga., Stg(:‘mber 13.—The Southern Natural Corporation’s 105-mile transmission line from Atlanta Jonesboro, Barnesville , Griffin, First Mortgage Loan Applications Invited at 5)5% " Construction Loans Glover & Flather 1508 H St. N.W, * National 1753 7 of prov: meril, & mumber Saceptionally atiraciive. 'll“mfihmh 1o s mers 3 entes ey tome to"Ser attontion: If Interested Address Box 230-K, Star Office i ..i"".."i.fi"t ’wg % Stock: l'n‘l:’“l‘n ‘ock. and full{ participate during the next week' or two. Prom wiki i e‘m-l nge this extension lateral lines l!" be com- & leted this month will serve Milledge- || Mas! coupon for information Fidelity Bldg. & Loan Assn. 200 Natl. Press Bldg. Corporation d associat: vkl il g g Washington, D. C. VAR Attar of roses was first discovered when a Mogul princess filled a canal with rose water. The sun's rays dis- engaged the essential oil, which floated on the surface. Address FIRST MORTGAGES CHOICE OF INVESTMENT IS HIGHLY IMPORTANT You should discriminate be- tween the allurement of specula- tion and the assurance of definite and specified return. Our 6% FIRST MORTGAGES constitute a riskless investment. The principal is safeguarded by improved real estate which we have - conservatively appraised and there is no change in the in- terest which will be paid with uninterrupted regularity. Over a Third of a Century Without a Loss May be purchdsed in amounts from $250 up—and upon our convenient Partial Payment Plan. SAUL CO. 925 15th St. N.W. B. F. National 2100 THERE IS NO SUBSTITUTE FOR SAFETY Open Until 5:30 P. M. Sept. 15th Back of The Service This Veteran Bank Offers 3% Compound Intere: Paid on Savings —lies the experience of over a century of success- ful business. YInsure seasoned facilities for all your banking needs by doing business with The Metropolitan. TWe'll be glad to handle your, accounts—checking and savings. | As httle as One Dollar will rdentify you with Our Sav- ings De National Metropolitan Bank ‘:i' ‘ 1814—OLDEST NATIONAL BANK IN THE DISTRICT OF COLUMBIA—1930 15th Street Opposite U. S. Treasury