Evening Star Newspaper, October 1, 1930, Page 13

o TR FINANCIAL. SENS OFREGOVERY INBUSIESS OTED Federal Reserve Report for Fifth District Reveals Sea- sonal Increases. BY EDWARD C. STONE. Wlliam W. Hoxton, agent of the Fed- eral Reserve Bank of Richmond, re- ported today that there were signs of | seasonal improvement in certain lines | of trades in the fifth Feceral Reserve | district quring August and the first half of Septethber. He added, however, that, on the whole, recent developments have been unfavorable for early resumption of ‘active business. The severe drought which damaged crops in the upper half of the district in July, continued in August, the re- port says, anc further reduced agricul- tural prospects for this season. No up- ward trends in prices of agricultural commodities, in so far as the leading money crops of the district are con- cerned, were shown. Cotton p-ices con- tinued to decline and tobaccc markets opening at or near record low levels, Small Demand for Loans. Reserve bank credit di¢ not increase betwen the middle of August and the middle of September, as it usually does, Mr. Hoxton said, but the volume of re- serve notes in circulation turned upward slightly, nearly a month later than in most years. There was relatively small demand for loans from member banks throughout the cistrict. Business failures during the period compared favorably with the national record, being fewer in number and lower in liabilities. Employment showed lit- tle or no change. Coal production showed a sensonal increase, but the in- crease and the tonnage mined was con- siderably below that for the same period last year. Fewer Building Permits. Builcing permits issued in the leading cities of the district were fewer in num- ber and lower in estimated value than those issued during August, 1929, and contracts actually awarded for work were also materially lower, the value of contracts for residential construction being especially small. Retail trade as reflected in depart- ment store sales was 5.6 cents less in dollar amount in August, 1930, as com- ared with 1929, and wholesale trade August was much below the volume of business done last year, the decline ranging from 10.3 per cent in groceries to 293 in dry goods. Decline in Rediscounts. Rediscounts for member banks, held by the Bank of Richmond, declined $987.000, or 48 per cent during the month. However, total earning asssets of the bank rose by $899,000, or 2.0 per cent, an increase of $1,886,000 in the holdings of the open market paper more than balancing the drop in re- discounts. A normal expansion in the Federal Reserve notes in actual circu- Jation began between August 15 and September 15, rising by $744,000, or 1.2 per cent. The 56 member banks in their state- ments reported slight increases in their outstanding loans during the month, all of the rise occurring in security loans, which gained $965,000, while ail other loans. which are chiefly agri- cultural or commercial in nature, de- clined $606,000. The net increase in outstanding loans amounted to $359,000. There was an average decline in debits to individual accounts, during the four weeks, amounting to 5.3 per cent, but the reporting cities divided evenly in reporting higher and lower figures, in comparison with the figures for the preceding four wecks, Balti- more and Washington reported de- creased totals for the later period, but Richmond showed higher figures, Mr. Hoxton reports, H. M. Camp with Fenner & Beane. Henry M. Camp, formerly in charge of the siatistical department of the local office of Harriman & Co. has Joined the staff of the Washlnfinn office of Fenner & Beane, another York Stock Exchange house, his new duties today. Mr. Camp, wel known in the financial district of ‘Washington, is a director of the Inter- national Exchange Bank, member of the National Press Club, Washington Board of Trade and a Mason. For many jears he was connected with the trade association movement in Wash- ington when he engaged principally in financial and business research for the building and construction industry. He has also served in various capacities of s Eolltlnll nature in organization and tu licity work for the Republican Na- fonal League and the local Republican organization for the past 20 years. Fuller Joins Eastman, Dillon. Charles Ashmead Fuller has become associated with the Washington staff of Eastman, Dillon & Co., New York Stock Exchange House, according to an- nouncement today by the local man- ager, Arthur Foraker. He is a native of Washingtoh and has been confi- dential secretary to Clarence F. Nor- ment, chairman of the board of the National Bank of Washington and of the Norfolk & Washington Steamboat Co. Prior to holding that position he was sales manager for the Wardman organization. He is also a former em- of The Washington Star and is he youngest member of the board of rnors of the Chevy Chase Club, where he has been a golf champion for several years, Mr. Fuller has a wide acquaintance in the financial district and has already ascumed his new duties. Active Trading on Exchange. October started off on the Washing- ton Stock Exchange today with active trading in both divisions. Washington Gas 55, the series A 6s, and the serles B 6s, were in the best bond demand, with Washington Railway & Electric 4s also appearing on the board, prices being steady. 1n the stock department there were four 100-share sales of Real Estate Mortgage & Investment preferred at 613, and 300 shares of National Mortgage & Invest- ment preferred moved at 5. Carpel Cor- poration figured in a turnover of 110 shares, some at 24 and the rest at 24%. Mergenthaler sold today at 941, Po- tomac Power and Federal-American Co, common were unchanged from recent| prices. BAGBY IS NAMED HEAD | OF WESTERN MARYLAND| Special Dispatch to The Sta; i BALTIMORE, October 1.-—George P. Bagby, vice president and general so- lcitor of the Western Maryland Rail- way, resumed the temporary presidency of the railroad yesterday, after a com- mittee of three members of the board of directors was chosen to select a suc- cessor to Maxwell C. Byers, president, who was slain last week after an alter- cation with Dudley G. Gray, vice presi- dent of the railroad. -Bagby, left as the senior surviving Gfficer after the deaths of Byers and Gray. has been in charge of the legal department of the railroad since 1917. The opinion prevails in both rail- road and financial circles here that one of the higher officlals of the Baltimore & Ohio Railroad will be selected to head the Western Maryland at the reg- ular meeting of directors this month. NEW SECURI'I:IES NEW YORK, October 1 (). —New securities offered today include Amer- dcan States Public Service Co. $2,130,~ 000 51 per cent bonds, series A, due May 1, 1948, priced at 89’5 and interest to yield 6% per cent, by a syndicate headed the Oe‘?m-mmoléom.mm Engineers' Public Servicz ., 5,1 shares of $6 preferred at $100 and ac< ~ Prey 1930~ High. Low. 421 16 121% Ca NEW YORK STOCK EXCHANGE THE Recelved by Private Wire Direct to The Star Office. Note—All stocks are sold in one hundred-share lots excepting those designated by the letter 5 (80s) (250s) which shows those stocks to be sold in odd lots only. For Complete Compllation of Sales See 5:30 Edition. Dividend Rate Abitibl Pow & Paper 40% Abraham Strauss. .. 21% Adams Exp (1.60). 851 Adams Exp pf (5) Adams Millis (2). Addressogr'ph (1%). Advance Rumley. .. Advance Rumley pf. Ahumada Lead. Air Reduction ( Air Way El Ap (1%) Ajax Rubber. Alaska Juneav. Albany Wrap Paper. Allegheny Corp.. Alleg Cp ww $30 5% Alllance Realty t31. 108 Allied Ch & Dy (n6). 16 Allis Chalmers (3).. 10 Alpha Port Cmt (2) Amerada Corp (2) Am Agricul Chem Am Acrienl Ch pt Am Rank Note (13) Am Bosch Magneto. Am Br Shoe (2.40) .. Am Brown Bov Elee. Am Brown BE pf (1) 108 Am Can (t Am Car & Fd . Am Car & Fdy pf (1) Am Chain (3) Am Chain pf (7) Am Chicle (13) . Am Com Alcohol. Am European Secur. Am & For Power.... 128 Am & For Pw pf (6).1808 Am & For Pwpf (7). 1 Am & For Pow 24 pt. Am Hawalfan (a10). Am Home Pr (4.20). Am Ice (t4)...... . Am Internat] (2).... Am Locomotive (4). Am Mch & Fdy Con. AmMach & Metals. Am Metal Co (1% Am Metal pf (6). Am Nat Gas pf (7). Am News (3t4)..... Am Pow & Lt (21)... Am Pow & Lt pf (6). AmP&LpfA (3%). Am P& L pf A st (5) AmR &St San (1%) 6 Am Republics...... 8 Am Roll Mill (n2)... 22 Am Eafety Razor (5) 4 Am Ship & Com..... 3 Am Shipbuilding (5) 308 Am Sm & Ref (4). 33 Am Sm & Ref pt ( 2 Am Snuff (13) 3 Am Snuff nf Leeee 108 Am Steel Fdy (3).... Am Steel Fdy pf (7). 208 Am Stores (2). . 4 % Am Sugar Ret (5) Am Sumatra Tob. Am Tel & Tel (9). Am Tobacco (B) Am Tobacco pf (6).. Am Water Wks (n1). Am Woolen, : Am Woolen pf...... Am Writ Paper ctfs Am Zinc Lead & Sm. Am Zine pf (6). ..m ‘Anaconda Cop (214 ). 13! Anaconda W & C (1), Andes Cobper (1). Archer-Dan-M (2) Armour of Del pf (7) Armour of Il (A)... Armour of Il (B)..., Armour of 11l pf (7), Asso App) Ind (4)... Ass0 Dry G (234)... Atch To& S Fe (10).. Atch To & S F pt (5). Atl Coast Line(110). At Guif & W Ind (2). At Refining (12) Atlas Powder (4).... 1 Atlas Powder pf (6). 108 % Atlas Stores (n1). 4 Auburn Auto (J4)... 27 Autosales..... .. 3 Auto Strap Saf R(3) 11 Aviation Corp of Del Baldwin Loco (1%). - P SoumssanoSennwInare -~ Stock and Sales— Prev. Add 'Z High. Low. Close. Close. 16 16 16 16% 431 <41 21% 41 18 26 Baldwin Loco pt (7). 50; 90% Balio & Ohlo (7). . 106% Bamberger pf (6%:). 50a 63 Bang & Aroos (3%). 3 18% Barnsdall A (2)..... 25 48% Bayuk Cigar (3).... 1008 6712 Beatrice Cream (4).. 4 101% Reatrice Cr pf (7)... 3 49% Beech-Nut Pkg (3) 20 Bendix Aviation (2 32 31% Best&Co (2).. 5 75 Bethlehem Steel . 45 122% Bethlehem Stpf (7). 3 17% Bloomingdale Bros.. 20s 99 Bloomingdale pf (7). 90s 231% Bohn Alum&Br(1%) 5 2 Booth Fisherfes..... 1 60% Borden Co (K3). ... 18 Borg Warner (3).,.. 13% Briggs Mfg Co...... 10 Brockway Mot Trk. . 40 Brockway Mot pt (7) 58% Bklyn-Man Tr (4)... 84% Bklyn-Man Tr pf (6) 115 Bklyn Unfon Gas (5) 13% Bruns-Balk-Col. 5% Bruns Ter & Ry 8. 19% Bucyrus (1).... 29% Bucyruscv pf (2% 5% Budd (EG) (1). 814 Budd Wheel (1).. 204 Bullard Co.... 2614 Bulova Watch (3)... 15% Burns Bros (B). 29% Burr Add Mach (1).. 29% Bush Terminal (2%) 99 Bush Term deb (7).. 109% Bush T Bldg pf (7).. 2 Butte Cop &Z (50¢).. 12% Butterick Co, 54 Byers (AM). 55% Calif Packing (4). % Callahan Zinc & 1d. . 43 Calumet & Arizona.. 10 Calumet & Hecla.... 13 Campbell Wyant (2). 553 Canada Dry G A (5). 165% Canadian Pacif (10). 40 Can Pacific new...... 20 Cannon Mills (1.60). 13 Capital Admin (A).. 96 Car Clin & O sta (5). WI)(6).oeoaan 45 Caterpil Tr (13%)... 5 Cavanaugh-Dobbs 9 Calotex Co. . 10% Celotex votin Celotex Co pf. 21 Cent Agulrre A Cent RR of NJ (+12) Cerro de Pasco (6) 5 Certain-teed Prod.., 18% Checker Cab 14.20),, 43% Ches & Ohio (2%)... 51% Chesapeake Corp (3) 2% Chic & Alton . 2 Chic& Altonpf..... Tis Chic Great Western. 26 Chic Grent West pt.. 10 Chic Mil St P& Pac. . 15% Chic Mil St P & P pf. 52 Chicaco & N W (6).. 9% Chic Pneu Tool. 88 Chlc R 1& Pac (7) 98 Chic RI&Ppf (6).. 105 ChiRI&Pacpf (7). 1 25 Chi YellowCab (3).. 1408 16% Chickaska Cotton Ofl 443 Childs Co (2.40). 81 City Ic 4% City Stores (5 1334 Coca-Cola (6). 4815 Cos 50 Colga 97 Colg-Palm-P pf (6).. 14 Collins & Alkman. . 12% Colonial Beacon. . ... 32% Col Fuel & Iron (2).. 51 ColGas&El(2)..,. 12% Colum Graph (a% Colx A (3). 108 Columbian Carb (16) 21 Comim Credit (2).... 31% Comm Credit A (3) 22% Comm Cred pf (1%). 10s 76% Comm Cred 1st (64) 2508 284 Com In Tr (£1.60)... 2 204 Comm Solvents (t1) 211 11% Comwlith & So (60c). 260 99 Comwlth&Sopf () 8 2 37% Conde Nast Pub (2) . 8 Consol Cig pr pf 6% . 50s 14% Consol Film (2)..,,. 17% Consol Film pf (2).. Gas N Y of (5). Cons RR Cub pf (6).. Consol Textile,..... . ) A-Prev.1930—~ Btock and figh. low, Dividend Rate. 11% Container A (1.20).. 8 3% Container B 2 18% Contl Baking A 3 Contl Baking B 66% Contl Baking pf (8). 50 Contl Can (234)..... Contl Dia Fibre (1). Contl Insur (2.40)... Contl Motors. Contl Oil of Del. Contl Shares (1) 6 Corn Pr Ref (14%).. Corn Prod ot (7).... 80 Cuba Cane Prod. Cuba Co...... . Cuban-Amer Sugar. . Cuban-Amer Sug pf. Cudahy Packing (4). 4 Curtis Publish (17). Curtls Publish pf (7) Curtiss Wright Corp Curtiss Wr Corp A.. Cutler-Ham (3%)... Davison Chemical. DeBeers Mir (a1.44) . Delaware & Hud (9). Del Lack & Wn (7). Denver & R G W pf.. Devoe & R A (1.20).. Diamond Match (8 Dome Mines (1)..... Dom Stores (11.20).. Drure Corporat (4). Dunhill Int (1).. 2 Du Pontde N (14.70) 22 Eastman Kodak (18) 10 Eastman Kod pf (6). 10s 9 Eaton Axle & 8 (3) 1 4 Elec Auto Lite (6 Electric Boat El Pow & Lt (1). El Pow & Lt pf (8 El Pow & Lt pf (7) El Storage Bat (5).. Eng Pub Serv (2.40), Eng Pub 8v pf (5). .. fng Pub Sv nf (514). uit Office I'ldg (3) rfeRR: Erie RR 1st pf (4). Erie RR 2d pf (4). % Eureka Vac Cleaner, Evans Auto Loading. Exchange Buf (1%). 4 Fashion Park Asso. . Fash Pk Asso pf (7). Fairbanks Morse (3) Fed Min & Sm pf (7). Federal Screw (3). .. Fed Wat § A (e2.40). Fid Ph Fire In (2.60) 2 Fifth Ave Bus (64c). 208 Filene's pf (67%)....2008 Figestone T& R (1). 8 Firest T& Rpf (6).. 1 First Nat Strs (213). & 4 Fisk Rubber........ 14 Fisk Rubber 1st pf. Florsheim Sh A (3) Follansbee Bros (2 Foster Wheeler (2).. Foundation Co. Fourth Natl Inves Fox Film (A) (4) Freeport Tex (15). Gabriel Snub (A) n. Gen Am T’k Car (34) Gen Asphalt (4)..... Gen Bronze (1) Gen Cable. . Gen Cable A. Gen Cigar (4) Gen Electrie (1. M e e N aand Gen Food Corp (3).. Gen Gas&El A (e30c) Gen G & El cv pf (6). Gen Motors (+3.30) Gen Motors pf (5). Gen Outdoor Adv. Gen Ry Signal (5). Gen Realty & Util. Gen R & Ut pt (e6) Gen Refract (t14%).. Gen Theatre Equip. ., Gillette Sat Raz (n5) % Gimbel Bros. Gimbel Bros Goodyear Tire (5). Goodyear 18t nf (7).. Gotham Silk Hoslery 1 Gotham S H pf (7). 1008 Graham-Paige... 4 Granby Cqnsol (2) Grand Silver 8 (m1). Grand Union. ... Grand Union pf (3).. Granite City Stl (4). Grant (W T) (1) Gulf Mobile & North. Gulf Mob & N pf (6). 16 Guif States Steel.... 6 Gulf St Stl1st pf (7) 108 Hackensack W (1) 10s Hacken pf A (1%)... 108 2) Hanna pf (new) (7), 1108 Har Wk Ref (12%).. 3 Hartman Corp (B).. 9 Hav Elec Ry pf (6) Hawaiian Pineap (2) 20s Hayes Body........ 3 Hercules Pow pf (7). 108 Hercules Mot (1.80).. Hershey Choe (5). Hersh Choe pt (15) Hoe (R) &Co..... Holland Fur (et2%). Hollander Sons. . Houdaille Hershey Household Fin pf (4) Houston Ofl (b10%). Howe Sound (t4%) Hud&Man Ry (3.60 Hudson Motors (3) Hupp Motor Car (2). R Indian Motor Cycle. Indian Refining...... Ingersoll Rand (15). Inland Steel (4). Inspiration Copper Insurance Sh (45¢) Interboro Rap Tran. Interlake Iron (1). Int Agricultural. Intl Bus Mach (n6) ,, Intl Carriers (25¢) Intl Cement (4) Intl Combustio Int Comb Eng pf. Intl Harvester (2 Int Hary Pt (T). Intl Hydro El A (e2) Intl Match pf (4).... Intl Nick of Can (1). Intl Pap & P (A) 2.40 Intl Pap & Pow (B).. Intl Pap & Pow (C).. Intl Pap & P pf (7). . Intl Printg Ink (2%) Int Print Ink pt (6).. Intl Salt (3). . Int Shoe (3). Intl Tel & Tel (2)... Inter Dept Strs (2) Int Dpt St pf xw (7). Investors Equity (2) Island Cr Coal (4)... Jewel Tea (14). . 3 mRRsnseanIrnussanlrionFasnnSantnirecans - A = S ¥ 2 aRend Jordan Motor Car.... Kans City Sou pt (4) Karstadt (R) (1.03)., Kayser Julius (23). Kelly-Spring Tire. 2 Kelly-Spring 8% pf. 1008 Kelsey Hayes (2).... 17 Kelvinator Corp .., 41 KKennecott Copper(2) 96 Kinney (GR) pf (8). 508 P (8H) Co (p1). 4 g & Toll (1.60). 62 Krog Gr & Bak (nl1). 26 16% 204 130 Sales— Prev. Add 00. High. Low. Close. Close. 16 4% 22% 3u 76 51% 124 51 2% 14% 14% T84 150% 15% 291 Bi4 69% - 438 1% 315 30 39% 113 119 4% 6% 54 BRSK RALLYSENDS STOEK ST HEHER Market Shakes Off Declining Tendency—Good Gains Scored. BY CLAUDE A. JAGGER, Associated Press Pinancial Editor. NEW YORK, October 1.—The expect- ed rebound in share prices occurred in today’s stock market with a violence that compensated for fts tardiness. Wigh the nervous whisperings which preceded the Sisto suspension partially quieted by the actual development, & great weight seemed to have been lifted from the market, and the bear faction was completely engulfed by the swift uprush of prices. The market was inclined to turn dull on the advance, however, for business and trade reports Were not cheerful. The advance, nevertheless, was one of the sharpest of the year. Gains of 3 points or so were general among more active issues. Shorts were sharply squeezed in a few specialties. Several prominent shares surged up 4 to points, including United States Steel, Dupont, Sears Roebuck, Union Calbide, Westinghouse Electric, International Business Machines, Eastman, American Can, Air Reduction, American Tele- phone, and American Water Works. Case and Canadian Pacific gained more than The- announcement of the Sisto fail- ure could not be said entirely to have stilled the bearish rumor-mongering that has been in progress for nearly a month, for there was still a feeling in some circles that further paring down of the Wall Street machinery that was built up during the great bull market may cause some further hardships, but | after six successive days of declnes, a | record for recent years, Wall Street was almost unanimous in the opinion that a technical rebound in share prices could not longer be deferred. Among the less pleasing of the day's disclosures were those made by the weekly steel trade reviews, appearing in the early afternoon. NEW YORK BANK STOCKS NEW YORK, October 1 (#).—Over- the-counter market: Banks, America ........ Bank of U A Units OBase ... i, Chatham Phenix City ... Fifth Avenue First Nation Harriman . Manhaitun Feople's National . Trust Companies. Bankers' ...... Central Hanover Chelsea_Bank & Trusi Chem Bank & Trust . Guaranty’ Irving .. Manufactirers New York . United Staies Westchester Titie & Tr MONEY TO LOAN Secured by First Deed of | Trust on D. C. Real Estate Corcoran Fire Insurance Co. 604 Eleventh St. N.W. REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD Applieations (nvited on high - class nd_dwellings, well located busines: or 10 years. if so des! 1520 K St. N.W, National 0475 A ired. First Mortgage Loans Lowest Rates of unterest and Commission Thomas J. Fisher & Company, Inc. THE COMMERCIAL NATIONAL BANK Let us serve you in all banking and fiduclary matters. Interest paid on savings accounts from day of deposit to day of withdrawal. Resources over $19,000,000 'PETROLEUM TARIFF | creased WADE H. COOPER, President 14th and G Streets Have $1,500 By Saving $9.75 a Month UR 36- =old Plan of e 105,000 invators. more than ve Write for free descripti booklet, “Enjoy Mone INVESTORS SYNDICATE FOUNDED 1894 Local Office Barr Building 'WASHINGTON, D. C. EVENINGV STAR, WASHINGTON, D. C, WEDNESDAY, OCTOBER 1, 1930. FIDELITY ASSOCIATION | REPORTS GOOD GAINS ‘The August report of the PFidelity In- vestment Association, which maintains @ Washington office, reveals an increase in contracts issued compared with the corresponding month of 1929. Volume reached $3,602,000 compared with $3.- 388,000 in August, 1929. September will exceed all previous monthly records, ac- cording to a report by D. A. Burt, presi- dent of the association. Volume of business in the first eight months of 1930 totals $30,126,000, an increase of $8,378,000, or 38'> per cent over the similar period of last year. CAMPAIGN RENEWED| Independent Producers Declare Tax Is Necessary to Stabilize Industry. BY BE TT WOLFE, Associated Press Staff Writer. TULSA, Okla, October 1.—Having heiped to reduce the country’s output of cruce ofl to the lowest level in more than two years without achieving de- sired stabilization, the ranks of inde- pendent producers are embattling a second time in quest of a tariff on pe- troleum imports. The present economic ills of the American oil industry are diagnosed by the independents as resulting from in- imports of foreign oils . and gasoline, especially the latter, and they propose the imposition of a duty on im- ports of crude oil and refined products as offering their only hope of relief. | Accepted estimates placed the daily | average production of crude oil in the Moneyflto Loan 3,50r1 Year Loans On Improved Real Estate IN Nearby Montgomery County and the District of - Columbia — Lowest Interest Rates BOSSEPHELPS Founded 1907 Loan Correspondent, John Hancock Mutual Life Insurance’ Co. 1417 K St. National 9300 LET US MAKE YOUR LOAN! We make First Mortgage loans on improved Washington real estate at a most nominal rate! INVEST IN FIRST MORTGAGES An investment that protects both principal and interest. Capital Resources, $3,800,000 24 JACKSON PLACE NATION -WIDE CONFIDENCE Associated System hold- ers of registered securities are distributed throughout the 48 States and 23 other countries. The growth in numbers is an expression of widespread confidence. Number of Investors 41,000 56,537 66,268 90,189 11,670 We recommend for in- vestment now_Associated Gas and Electric Company 5% Gold Deberture Bonds, due 1968 —above-average in security and yield,below average in price. Present yield about 5%%. These bonds enjoy an active market, Public Utility Investing Corp. 61 Broadway, New York City Kindly send me Circular J-15 r oy s i s g v i s o e is pow associated NEW YORK - - - PRIVATE WIRES TO NEW YORK, Henry M. Camp with our Wash- ington Office, which offers complete stock and commodity brokerage facilities. FENNER & BEANE and other Leading Cities WASHINGTON, D. C., OFFICE, 1430 K ST., N.W. Phone National 7000 Members NEW YORK STOCK EXCHANGE — NEW YORK COTTON EXCHANGE—NEW ORLEANS COTTON EXCHANGE and ot}xer principal Exchanges ” NEW ORLEANS CHICAGO AND NEW ORLEANS FINANCIAL. United States for last week at 2,382,217 barrels, the lowest figure since the first week in July, 1928. The decline from the preceding week, 37,527 barrels, was attributed to new proration programs in California and Texas and a general tightening of restrictions in other fields. e, Clown Barker, who was popular with thousands of children in England for his circus tricks, was found dead in a #¥s A 13 FREIGHT LOADINGS. By the Associated Pross. Revenue freight loadings continue to show a declining tendency, total for the week ended September 20 being 13,201 less than the previous week. The Amers ican Railway Association reports loade ings for comparable periods as follows: ( Week ended .lep'flnber 20 Previous week. . . S stable in Manchester recently. me week last yer We are pleased to announce that MR. CHARLES ASHMEAD FULLER has joined cur Stock Department EASTMAN, DILLON & Co. Members New York, Philadelphia, Chicago and Pittsburgh Stock Exchanges and New York Curb Exchange 1512 H STREET, N. W., WASHINGTON Announcing the Removal of Our Offices to More Commodious Quarters Suite 601—Union Trust Building on Wednesday, October 1 Berkshire Life Insurance Co. of Pittsfield, Mass. F. T. Koons, General Agent Equitable Co-operative Bldg. Ass'n Organized 1879 50th YEAR COMPLETED JOHN JOY EDSON, President WALTER 8. PRATT, Jr, Secretary Assets . $5,723,083.61 Surplus & Profit: +..$1,755,911.57 Subscription for the 99th Issue of Stock Being Received Save for Prosperity! Regular, savings, no matter ho small, will grow into a nest egg for the future, Let us show you how we ad- vise you to save! MORTGAGES YOU WANT ~ CERTAINTY that the money you invest for income will not only yield lib- eral interest, but that the prin- cipal as well will be safe. Our 6%' FIRST MORTGAGES give you this surety. Throughout the term of the mortgage, which is amply se- cured by conservatively ap- praised real estate, you will receive at regular intervals a -check for this interest—always at the rate of 6%. May be purchased in amounts from $250 up. SAUL CO. 925 15th St. N.W. Ovwer a Third of a Century Without a Loss F. National 2100 THERE IS NO SUBSTITUTE FOR SAFETY The Real Estate Loan Plan of the Metropolitan Lif€ Insurance Company is developed to enable the home-owner to pay small in- stallments over a number of years... It takes the burden out of home-owning. Let us explain the many advantages of this widely accepted plan. Loans Made in the District of Columbia and Nearby Maryland and Virginia ’ - WEARRSRCS Washington Building District 9486 ."r’. Loan Correspondent Metropolitan Life Insurance Company