Evening Star Newspaper, September 22, 1930, Page 13

FINANCIAL —_——— e ——— REAL ESTATE LOANS Maide at Low Interest Rates TYLER & RUTHERFORD NEW YORK, September 22 (Spe- n clal) — . tion was relatively light in|New York bank ST DECLINE IN STOCK NEW YORK STOCK EXCHANGE * HEI-EGATES ARRlVE o i 5 s oo 0N L] Note—All stocks are sold in one hundred-share fots | —Prev.1930~ Stock and Sales— A Prev. FUR MEHING H[RE Shiws U stocks to be sid bu 04 ot omiy, oo | 1hs 11t crown foerich 1] 4 1T 1T Tk Iy T held to the opinion that 'a sizable vol- [N ®w ume of stock was waiting sale should DR +:.sis the market make and maintain an ad- | Ngv, ¥ork Pederal vance behind the highs of late Summer. | ‘credits .. . 93% 70% Crucible Steel (k5).. ~Prev.1930~ 1 i, Tow Dividend Rate. Adao0 Hieh Low. Close. Gioes. “; m; Crucible Steel pt (7). 108 1 93,000, 000,000 04 T0% 0% 5 Cuba Cane Prod..... 4 000.000 123,000,000 Personal Finance Compa- nies’ Convention Will Be For- mally Opened Tomorrow. BY EDWARD C. STONE. Delegates from 23 States in- which there are 3,500 companies engaged in the business of making small loans were arriving today for the sixteenth annual convention of the American Association of Personal Pinance Com- panies. The aim-of the association is to fight loan sharks and obtain laws in all the States which will prevent the making of personal loans at any unfair interest rates. Such laws already exist 8614 64% Abitibi P& P pt (6). 37T% 21% Adams Exp (1.60)... 345, 20% Addressozr'ph (1%). 41% - 15% Advance Rumley nf, 15:« ltlv:u Air Reduction (143%) 3 48 264 1 31% 3 26 106 117% AirWay El Ap (1%) 18 16% Allegheny Corp. Allex Cp ww $30 535, Alleg Cp $40 ww 5%, 84% Alleg Cp $30 xw 515.. 72 49 Alleg Steel (12.30) 343 232 Allied Ch & Dy (n§). 68 48% Allis Chalmers (3).. 73 52% 23 Alpha PortCmt (2).. 5 24% 2% Amal Leather. RO 18 Amerada Corp (2)... & 2215 3% Am-Agricul Chem... 24 3% 23" Am Agricul Ch pf. 8 354 68 Am Bank Note (13).. 1 78 55'% 27 Am Bosch Magneto.. 9 284 54% 41% Am Br Shoe (2.40) 4 a3 21% &% Am Brown Bov Elec. 16 1814 1 60 30 262 in about half the States, the form of credit adopted having the support of the Russell Sage Foundation. ‘The convention will open tomorrow at the United States Chamber of Com- merce and remain in session until Fri- day. Many business experts, economists and sociologists will be present. The delegates are to be welcomed by Robert V. Fleming, president of the Riggs Na- tional Bank, of this city. Other speak- ers include Merle Thorpe, editor of the Nation's Bussiness; Edward A. Filene, well known Boston merchant, and W. Frank Persons, execulive vice president of the association. De Wolf Hopper, noted comedian, will be one of the speakers at the annual banquet. The convention plans for much hard work, but the program in- cludes side trips to Mount Vernon and elsewhere. 84 60 Am Brown BEpf (7)1108 76% 156% 1081 - Am Can (4) 821 42 Am Car & Fdy (8)... 94 Am Car & Fdy pf (1) 39 AmChain (8) 36% Am Chicle (13) 9% Am Com Alcohol. 15 Am Encaustie (1). 314 Am European Secur. 56% Am & For Power. 95 Am & For Pw pf ( 111% 106% Am & For Pw pf (7). 100% 9214 Am & For Pow 2d pf. Am Hawaiian (a10), 55 Am Home Pr (4.20).. 31 Amlce (14) 78 AmIce pf (6) 28% Am Internatl (2) 5 15 Am LaFr & Foam pf.140s 39 Am Locomotive (4). 2 90 Am Locomotpf (7).. 1 35% Am Mch & Fdy Con. 47 6 AmMach & Metals. i e TR e Cudahy Packing (4). Curtis Publish (17). Curtls Publish pf (7) Curtiss Wright Corp Curtiss Wr Corp A Cutler-Ham (3%)... Davison Chemieal. . Delaware & Hud (9), Del Lack & Wn (7). Detroit Edison (8) Devoe & R A (1.20)., Diamond Match (8 Dom Stores (11.20).. Drug Corporat (4).. Dunhill Intl ($4).... Duplan Silk (1). Duplan Silk pf (8 Du Pont de N (t4. Du P de N deb pf (6). Duques Lt 1st pf (5). Kastman Kodak (18) Eaton Axle &S (3).. Elec Auto Lite (6). Electric Boat. . El Pow & Lt (1) . El Pow & Lt pf (7) 4 El Storage Bat (5) 4 Emerson Brant (A Endicott-John (5). .. 24% 25 26 19% 31% 31% 81%| 48 25 25 26 | 126 114 118% 118% | 1214 15% 15% 164 1 1 1 19% 5 5% 5% 19% 19% 201 24 94 94 9% 9k POy /5l R5Y% R6Y 50 50 50 255 265 500 52 901 43% 181 153 266% 423, 2541 305, 24y | 8% oy | 43w 2211 19 3% | 106 36 | 145% 1 254 50% 248 21 22% 3% 33% 33 ki R 26 26 43 43 17% 174 T64 76l 109 9% 1 109 Fairbanks Morse (1) Fed Motor Tr (80c).. Federal Screw (3). .. Fed Wat S A (e2.40). Federated Dept Strs. Fid Ph Fire In (2.60) Filene's pf (615).... Firest T& R (1.60).. Firest T & R pf (6).. First Nat Strs (2%). « Fisk Rubber. ... » 3 b1 TVNTEY ” 2% BT i B e TSR e PO anARES 208 81 3 2 12 Fisk Rubber 1st pf. . 9308 Unfavorable Trade News Re- sults in Fresh Selling. Volume Small. BY CLAUDE A. JAGGER, Associated Press Financial Editor. NEW YORK, September 22.—Wall Street’s disappointment over business conditions was again expressed in terms 17" | of & declining stock market, today. Of- 106 |ferings from professional shorts in- 1161 | creased slightly in comparison with Sat- 153" |urday, and .the absence of important 2074 support brought in some liquidation of 2214 | Pool holdings, but trading lagged well behind the pace set last Friday. 61% 4 4 4 65% 65% 69% . Market Factors, 109% Unsettlement in the wheat market 63 = and the softness of prices on some of oo the large European exchanges, together 4 5 | with the absence of fresh statistics on the state of trade, turned the market definitely lower after the opening, al though rallying tendencies appeared shortly after publication of Secretary Lamont's statement on business. A few prominent stocks, including United States Steel, reacted to new lows for the movement. As was the case last week, pressure was especially insistent against the utilities and steels. s of 3 points or more in North American, American Power & Light, Auburn Auto, International ‘Telephone and Diamond Match were accompanied by drops of 2 to nearly 3 in U. S. Steel, 112% % 121% 104 204% 204% 221 22% 60 60 TREASURY CERTIFICATES. (Reported by J. & W. Seligman B SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) Allis-Chalmers Co. bs American Tel. & Tel. 815 ing ‘Co. 8lys {837 Gen. Mot. Accep. Corp. 6s 1937 Goneral Theaters sa se’ foio: . eneral Thea E & B, 55 1957 58 1 s ot ow York, Chi. & St. L @ i#82 1ilips Pet. CO. §%s 1039...... ire Ol ., 8 Wheeling Steel Cor Wheeling Steel Corj Money to Loan Beeured first deed of trust on ing Interest and com: Joseph L. Weller ‘2,m75% & # T 8io5 1048 4'35 1953 AN OPEN LETTER To Men With Business Acumen at Present Employed _Desirous of Increasing their Incomes While Maintaining Their Present Positions To such men we offer highly dignified [ . tion in the nature of a financisl ylan nl i, every persons n the community with a regular salary or other income should have, The plan is new, air-tight from the standpoint of securit invites immediate interest on the part of prospec 4 and makes friends for our nprmnhu:u. bt s o The plan is sponsored b; of excellent repu W ¥ a local investment banking house The plan is operated and managed by prominent and repu- 'E,?Ji.hn".'.‘.'"" men, bankers and wembers of the New York Stock We have arranged to give ample time to instruc o ::fli'."':,:,?& ot applicants ““2‘1' the m:: Nours, pros nt is serious-i Possibly double his prcsent salary. o 0 Sincerely desires o Write us the nature of your present. tion, and somethi of your ambitions and qualifications for :::‘r!-tll'ne work ;: t‘:l! type. Your letter will be held in strict confidence, and nal :enl:df‘onfldfllllal interview will be granted each applicant we Address BOX 204—R Star Office Today's Trading .on Exchange. 281 Am Metal Co (1%5).. 23 Business started the week on the 65 Am NatGaspf (7).. 3 hington \Stock Exchange today with Am Pow & Lt (31). 5 1 7 considerable activity Am Pow & Lt pf (6 5 S 104 The first sale was a $1,000 tupnover | 3 % Am R & St San (1%) 118 25% in Washington Gas Light bonds, series 614 Am Rad & S S pf (7).100s 142 A, at 1029, After call, serles B gas 15% Am Republics. ..... 15% bonds figured in a $500, a $2,000 and [ 100% 45% Am Roll Mill (n2). 463, S0P TA0E $560° NS, 2t 36 . 67% 526 Am Safety Razor (5) 65 Three small sales of Lanston Mono- | 79% 53 Am Sm & Ret (4) 65 type stock were Tecorded at 115, Peoples 10 LS Retr op), Drug_Stores preferred changed hands gt nn e at 10175 and a tiny sale of Capital - A"' E:‘u'.tg'm. Traction was then recorded at 61. Later B oS in the session a 0-share block of Capi- it or g tal Traction came out at 60, all sales 37 AmSuiar being ex-dividend. 103% Am Susar Ref pe(i The ex-dividend list on the exchange 2004 Am Tel & Tel (5) " has becn extended until it now in- 117 1A Tobbss Cdw) cludes American Telephone & Tele- 117 24 Toluisho B new graph, Capital Traction, Norfolk & 120 Am Tobacco pf (8 ‘Washington Steamboat Co., Carpel Cor~ 113 ‘Am TypeFary (8). . poration, Mergenthaler, Emerson Bro- 78% Am Water Wks (n1). mo-Selzer and United " States Savings 99% Am Wat W 1st pf () Bank stock. 715 Am Woolen. * Exchange members commented today 19% Am Woolen pf s on the death of Myer Cohen. He had 29% Am Writ Pap pf (4). been a director in the Federal-Ameri- 61 Am Zinc Lead & Sm., can National Bank for many years. 44% Anaconda Cop (3%). acon W : Buak e Bushises Fick-Up: 345 Anchor Cap (240> The influence of a more active de- 19% Archer-Dan-M (2). mand is already apparent in many 4% Armourof 11l (A)... lines of business, according to the Bank 2% Armour of Il (B) of America N. A. which, in its current review of business conditions, declares that “while the increase in the volume of trade is of very moderate propor- tions the improvement has been suffi- clent to be reflected in a more optimis- 4 Fisk Rub 1st pf cv...100s lansbee Bros (2), 1 Foster Wheeler (2).. 65 Fourth Natl Invest.. 7 Fox Film (A) (4) 284 Freeport Tex«(15)... 23 Gabriel Snub (A) n.. Gardner Motor. Gen Am Investors Gen Am Inv pf (6). New York Central, Bethlehem Steel, In- ternational Harvester, Westinghouse, Johns-Manville, United Aircraft, Amei ican Telephone, Consolidated Gas and R. H. Macy. Delaware & Hudson, Case and Worthington Pump lost 5; Allied Chemical, 8, and People’s Gas, 13. American Can and General Electric sag- ged about & point. New lows for the ye‘:,r wel; ?xgu ernu énm""mbu'l Tele- Gen Am T’k Car (34) phone, Un A o _Steel, sonal Gen Asphalt (4)..... Calumet & Hecla and St is South- :lavr:n Resresentative, Gen Bronze (1) western. Room 300, Gen Cable A. Bulls Discouraged. Gen Electric (1.60) Failure of the market to make an ap- Moore & Hlll, Inc. 730 17th St. N.W. Gen Elec spec (60¢). preciable recovery last Saturday caused result of a nation - wide Gen Food Corp (3). .« s Gen Gas&Fl A (e30c) considerabl; discouragement in circles Gen GRs&EI A(e3nc) which had been hoping for a technical study, we can offer an ar- Gen Ital Ed (a2.62) . 3 —_— — == = = rangement which meets the Gen Mills (3).. Equitable Co.opeyative B’dg. Ass’n needs of the average home. Gen Motors (13.30).. Gen Motors pf (5)... owner. Organized 1879 50th YEAR COMPLETED 4 JomN 10Y " EDSON, WALTER S. PRATT, Jr., Secre Because Several single offices and suites available at most rea- The Metropolitan Life Ine surance Company Real Estate Loan Plan is the 4 Gen Ry Signal (5). Gen Realty & Util. Gen R & Ut pf (e6) Gen Refract (+4%).. Gen Theatre Equip. . Gillette Saf Raz (n5) Gimbel Bros.. . Glidden Co (1.20) Gobel (Adolf). Gold Dust (2%). Goodrich (B F) ;5 Goodyear Tire (5)... Gotham Silk Hosiery Graham-Paige Grand Silver § (m1). Grand Union........ i Grand Union pf (3).. Grant (WT) (1). % Gr North ot (5).. Gr Nor ctf Ore (a%) Gr West Sug (1.40).. Gr West Sug pf (7). % Grigsby Grunow.... 1 Gulf Mob & N pf Guilf States Steel.... Hackensack W (1%) Hahn Dept Stores. .. Hall (WF) Pr Co (2). Harbison W pf (6).. Hartman Corp (B) Hayes Body..... Helme (Geo H) (17). Hershey Choc (5)... Holland Fur (et2%). % Houdaille Hershey Household Fin pf ( on Ol (b10%). Sound (14%).. 4 Hudson Motors (3).. Hupp Motor Car (2). Tlinols Central (7).. Tllinois Cent pf (6) Independ O & G (2) Indian Motor Cycle Indian Refining Ind Ray (h5% s! Ingersoll Rand (15). Inspiration Cop (2).. Ins ctfs (Md) (60c).. Interboro Rap Tran. Int Agricultural. ... Intl Bus Mach (n6), . Intl Carriers (25c) Intl Cement (4). Intl Combustion. Int Comb Eng pf. Intl Harvester (2%). Int Harvester pf (7). Int1 Hydro E1 A (e2) Intl Match pf (4) Intl Nick of Can ( Intl Pap & Pow (B).. Intl Pap & Pow (C).. Intl Pap & P pf (7). Intl Pyinting Ink (3) Intl Salt (3)........ Intl Tel & Tel (2) Inter Dept Strs-(2) IntertypeCorp (2)... Investors Equity (2) Jewel Tea (14) Johns-Manvil President +++.$5,723,083.61 Gen Out Adv (A) (4) tary . Surplus & Profits. $1,755,911.57 Subscription Gen Pub Serv (b6).. for the 99th Issue of Stock Being Received Long Term—Low Interest Rates Loans Made in the District of Columbia and Nearby Maryland and Virginia WEAVER BROQ Are you planning for the future? 3; . 3 331 331% 3% Atch To & S Fe (10) 216% 216% 216% 102% Atch To& S F pf (5). 107% 107% 107 30% At Refining (12).... 31% 31% 3 tic business sentiment and in greater 62 Atlas Powder (4) 70 70 7& confidence in the general economic sit- 25% Atlas Stores (n1).. 284 20 20% uation.” 91 Auburn Aute (j4) 108 109 115 The review notes that while recovery| “ 7 31 Austin Nichols. 3 3 3 in two basic lines, building and con- 2 Autosales.. 2% 2% 2% struction and automobile manufactur- 37 Auto Strap Sal ). 1% 72% 73y ing, still lng_s behind, curtailment of 4% Aviation Corp of Del 5% B% By ovemk;mblrxtln fith !lmle mt‘lfl;’m ‘a‘ 19% Baldwin Loco (1%). 301 30% 31 gradually ging supply an X em“‘( 10412 Baldwin Loco pf (7).270s 110 112 110 closer together. ~Large surpluses of 96% Balto &Ohlo (7).... 22 7% 994 991 wheat and cotton and consequent low price levels of these proditts still pre- i P e e sent a problem. In spite of the esti- 0 mated increase in the world wheat crop, b g oo b Lo however, the poor quality of the Euro- BT Bostriss Crear iy pean harvest may result in_ increasing 1011 Beatrice Cr pf (7). .. 109 the demand for American wheat, while 214 Belding-Hemingway . 93 the use of wheat in feeding livestock 78 Bel Nat Rys pf 15.51. 78 may furnish a profitable outlet for a 27% Bendix Aviation (2). 281 o814 part of the surplus. 3114 Best&Co (2).. ... 6% 464 ilding in August. 75 Bethlehem Steel (6). 831 83y s s,l'":l;“ ok 122% Bethlehem St pf (7). 128% 128% 128% A decrease of 16.2 per cent in 1714 Bloomingdale Bros. . 26 26 mated costs of buildings was shown in 24 Bohn Alum&Br(1%) August, as compared with July, accord- 70 Bon Ami (A) (15).. Ku:' ;::e Bureau of Labor monthly 0% Borden Co u‘a).l 23% B Wi 3 Total indicated expenditures for all g i Bt i i buildings for which permits were issued 13% Brigxe Mfg Co. during August was $137,024,792, against 1214 Brn‘!kvl!‘llo: T $164,474,189 in July. 58% Bklyn-Man Tr (4)... Residential building decreased 1.6 per 847% Bklyn-Man Tr pf (6) cent in August, while non-residential 53 Bkiyn & Queens pt 4. 97 s building decreased 22.5 per cent. 178% 115 Bklyn Union Gas (5) 123 129 According to permits issued during| 42 3714 Brown Shoe (3) 2 i 38 38y August, 10,119 families were provided| 3 13% Bruns-Balk-Col 15% 16 with dwelling places i1t new buildings.( 335 5% Bruns Ter& Ry § 9% 91 oy ‘This is & reduction of 2.5 per cent from| 317% 19% Bueyrus (1)., 20% 20% 22y the number of families provided for by | 117 107% Bucyrus pf (7). 208 115% 115% 115% 1151 the July permits. 16% 7% Budd (EG) (1).. % 8 8 £l Bl The bureau bases its report on sta-| 68 54 Budd (EG)pf (7)... 408 B4 B4 tistics received from 291 cities of the f% Budd Wheel (1). 6 10 10% country having a population of 25,000, 74 20% Bullard Co. 31 25% 2Ry er over. 2614 Bulova W 3 27 15' Burns Bros (B)...... 1 v Heard in Financial District. 29% Burr Add Mach (1).. 35 33 N ‘The members of the Washington 2% Butte Cop & Z (50¢).. 1 21 Stock Exchange sent a handsome floral 13% Butterick Co_ . 1 15% piece to the funeral of Albion K. Parris, 60% Byers (A M). 4 70% one of e founders of the organiza- tion. The Exchange was also to be “"): S:}}i,f‘,‘,f‘;“',‘; L‘,)jq' : ; "}"' Tepresented by several leading members 47% Calumet & Arizona 8 48y at the rites, (o be held in Georgetown 129 Calumet & Hecla. 16 127 late this afternoon. An unusually large 56 = Canada Dry G A (5). 60: 63 attendance from the financial district 5% 85 was anticipated. 82 46 46U 4b% 46 Fred MacKenzie, director in the Sec- Cannon Mills (1.60).. 5 21 200 208 33 ond National Bank, has returned from Capital Admin (A).. 2 18 19 19 20% Joliet. TI1, where as a director he took Case (J 1) (6)....... 164 166% 157% 1574 165 part in the dedication of the American Caterpil Tr (13%)... 2 54 53% B53x 55 6 58% Kans City Sou (8). .. Institute of Laundering. William But- 4 Celanese Corp 13% 131 1315 13 5 Kans City Sou pf (4) terworth, president of the United States Celotex Co 121 12 Karstadt (R) (1.03) . Chamber of Commerce, was the prin- 4014 Cerro de Pasco (6). 43 43 Kaufmann D8 (1% ) cipal speaker. 5' Certain-teed Prod. 614 614 l-\:l}'!er Julius ”VI)' Friends were greeting President 19% Checker Cab (4.20) 2814 Keith-Alb-Or pf (7). George L. Starkey of the National Bank 4415 Ches & Ohio (234). 46% Kelly-Spring Tire. of Washington today on his return from 511 Chesapeake Corp ( Kelly-Spring 6% pf . an_extended motor trip through New 2% Chic & Alton . . s g i England and New York. 2% Chic & Alton pf Kelsey HIYEM . J. Dann Faber, auditor of the Amer- 815 Chic Great Western. ok LA iean Seeurity & Trust Co, s taking 27 Chic Great West pf. o n g i is annual vacation. Mr. vas % 12% Chic Mil StP & Pac. . 4 chairml:.lll.n vear of the sumttony sec. 19% Chic Mil St P & P pf. i Kolster Radio, ... tion of the District Bankers' Assocta- 65% Chicazo & N W (5).. s tion, 11% Chic Pneu Tool. . Kraske .?,'(';‘,s;?:,'l', Pennsy Seeks Bond Rights. D R e euk & Toll a0 The Pennsylvania Railroad Co. has| Joqn o8 1 e Eropaed s tiids, applied to Interstate Commerce Com- 03 ChIR1& Pacet (13 Lambert Co (8). mission for authority to assume obliga- Childs Co (2.40).. tion and liability as lessee of bonds| 43 Chrysler Corp (3). totaling $32,017,000 of the Pittsburgh, | 38 City Ice & F (k3.60) . Cincinnati, Chicago & St. Louts Rail- | Bl City Ice & F pf (6%) 208 rflo:gml‘r:’d the Cleveland & Pittsburgh | 131, 514 City Stores (50c).... 33 . 32 City Store L 108 The Pennsylvaniz proposes to sell the | 1515 133% coca-cor ety 2" 10n bonds at not less than 98.25% of Par| 64w 50 Colgate-Pal-P (24). 2 to Kuhn Loeb & Co., proceeds from 14% Coliins & Alkman. 6 the sale of which are to be used to| 124 Colonial Beacon. ..., reimburse the Pennsylvania’s treasury 36%s Col Fuel & Iron (1). . for advances to subsidiary companies. 68% Colo & Sou 1st pf (4) I 1 Sperling of the Cleveland Trust 55 ColGas& El(2).... Co. told the financial advertisers at 7% 12% Colum Graph (a%).. 100 Loutsville that “branch banking in the | 199 108 Columbian Carb (16) 53 next 10 years will be on a much broader | 40% 23% Comm Credit (2).... 4 scale than at present. but sheer size 24 Comm Cred pf (1%). 108 will not be the justification for large T6% Comm Cred 1st (6% ) 1308 branch organizations. Service to the 22 Comm Credit pf B(2)1108 public must be the basis for such ex-| 55 28% Com In Tr (£1.60) 10 pansion.” * ' Guy W. Cooke of Chicago told the 4 same convention that business depres- 2 sions will be entirely nullified when the 12% Comwith & So (60c). 327 people of the United States learn to save 99 Comwlth&Sopf(6) 2 and spend less in times of peak pros- L perity and save less and spend more B ;;::FC":'WC;;;“: "“; - " g e e Bl tend B downsnd. 76% Consol Cigar pf (7).. 10a 15% Consol Film «2)..... 27 SILVER QUOTATIONS. 18 Consol Filmpf (2).. 17 96% Consol Gas N Y (4).. 216 1035 s m{‘,‘fi,w,g{,?“x' September 22 (F)- 9913 Cons Gas N ¥ of (5). 11 104% 104%, 105 2915 ke 49 Cons RI Cub pf (6). 48 48 63 | 2o 17 MONEY MARKET. % Consol Textii Foriop % 350 11% Container A (1.20) 164 328, 3% Container B NEW YORK, September 22 (). — 18%. Contl Baking A, o Call money renewed at 2 per cent to- 7 3% Contl Baking B. day and remained steady in the face 4 664 Contl Baking pf ¢ of a good supply. 50 Contl 24). ... Time money was quiet and un- 14% Contl Dia Fibre (1), changed. =Bankers' acceptance asking 50 Contl Insur (2.40)... rates were unchanged, and commercial 31% Contl Motors Bane i aun;,h;n;zege :rig:n:sm names 18% Contl Oil of Del. ..., quoted Vs 3 explain REALTORS Washington Building Mortgage Loan Correspondent Metropolitan Life Insurance Company our method Start saving now while your income is steady. of small, District 9436 systematic saving! 21% 21% 21% LOOKING AHEAD If you have plans for the fu- ture that will fequire money you can finance your: expectations through inyestment in our 6% FIRST MORTGAGES National Metropolitan Bank 15th St., Opposite U. S. Treasury 1814—Oldest National Bank in the District of Columbia—1930 ‘Where Is The Individual ~—who can furnish a Trust service such as this bank affords—re- sponsible, disinter- ested, expert? {| Talk it over with Our Trust Dept. be- fore appointing an Executor or Trustee under your Will. There your money will earn definitely and continuously— with safely secured principal. Over a Third of a Century Without a Loss Money earning money— that's what it means. May be purchased in amounts : 25 i 3% on Savings from $250 up. . SAUL CD. 925 15th St. N\W. 362% 150 in the Net ISHERMEN in the tropics dread the gar-pike. A fish of great strength and speed, that prac- tically ruins the fisherman’s net in his efforts to get at the , smaller fish trapped beside him. First Mortgage Notes > Punctual payment of interest—prompt re- turn of invested funds at maturity, when desired. SAFE - PROFITABLE CONVENIENT Lehigh Val (t4%) Lehman Corp (3) Lehn & Fink (3)..... Lib Owens F Gl (1).. Lig & Myers B (15).. Lima Locomotive. Liquid Carbonic (4). Loew's Ine (3) Loew's Inc pt (6%). Loew’s pf xw (83) .. LOTEING. - ceassaane 4 Long Bell Lumb (A), Loose-Wiles (12.80), Lorillard (P) Co.... Louisiana Ofl....... Lou G & E (A) (1%) Loufs & Nash (7).... Ludlum Steel....... i McIntyre Porc M (1) MeKeespt T P(1534). McKesson & Rob (1) McKes & R pf (3%). MeLellan Store Mack Trueks (6).... Macy RH & Co (nt3) Madison 8q Gar (1) Mallison & Co ..... Man Elev mod g (a5) Manhat Shirt (1).... Maracaibo Ol Exp. . Marine Mid (1.20) ... Market St Ry pr pf. . Marshall Field (214) Mathieson Alkali (2) May Dept Strs (n2).. Maytag Co (1) . Melville Shoe (2). Mengel Co (2)...... Metro Gold pf (1.89). Mexican Seaboard. .. 4 Miami Copper (1%). Mich Steel (h23%)... 11 Mid-Cont Pet (2). 11 Swept into the net of speculation, many a small speculator, too, alongside the great manipulator of stocks, is often financially devoured—that is why wise investors avoid the uncharted specu- lative sea. They place their surplus funds in a sound, firmly-based security which yields a non-fluctuating return— a security such as the 6 per cent First Mortgage Notes sold through Swartzell, Rheem & Hensey Company. - T L L TR Ter IS =P PP 2 3 176 These notes pay the same rate and carry the same service to the small and large investor alike. 614 Write or call for our interesting book- let which explains in detail why First Mortgage Notes are today the highest paying safe investment. » o 1 1% » Particulars of available notes will be mailed upon request. H. L. Rust Company 1001 15th Street Nat'l. 8100 ESTABLISHED 1889 SWARTZFILL, RHEEM & HENSEY CO. MORTGAGE BANKERS 727 15 STREET N.W, WASHINGTON D.Cs. = ~ 16% Contl Shares (1) Middle States Oilct. 7 834 Corn Pr Ref (14 Midland Steel (3) . 15 2 15t Coty Ine. ... . 25% Crof Wheat (12 (Continued on Page 142 Austria may establish a grain and Lour monopoly.