Evening Star Newspaper, October 2, 1930, Page 13

" FINANCIAL. Money b L A K '?fl‘ut-"u'-‘u'.“"' Joseph L Weller ‘@ 7%5 % ¢35 First Mortgage Loan Applications Invited at . 9)5% Construction Loans Glover & Flather 1508 H St. N.W. National 1753 nmm—Au& uul“:nm te. Add 00, High. Lo e ng those . High. Low. which .gmu those stocks ..1008 46 46 3% Quban-Amer Sugar .. For Complets Compiiation of 30 |Cuban- Amer Sug pf.~ 50 Dividend Rate. 38% Cudahy Packing (4). 75 Abitibi Pow & P 16 105% Curtis Publish (17).. Stock and The Trade Mark Sturgis Posture CHAIRS Guaranteeing h. Low. Close. O Satisfaction 16% 164 'S BY CLAUDE A. JAGGER, Associated Press PFinanclal Editor. NEW YORK, October 2—The stock market once more took the familiar downward fourse today that it often finds leading down from the tops of 108 |such abrupt rises as that of yesterday. 122% | After - further extension of the ad- 12 |vance in the opening transactions, in- 203% | and-out traders rushed to take profits, 130 land a large portion.of the ground 20% | gained during the one-day advance was 4 |lost. Selling, in the main, however, was in moderate volume, 64% Extent of Detline. 60% Stocks . declining 2 points or more 1% | included United States Steel, General 45 | Electric, Anaconda, Consolidated Gas, American Telephone, Paramount, Amer- ican Can, North American and Loews. Stocks losing 4 to 6 included Inter- national ‘Harvester, New York Central, United Aircraft, Macyn Case anid Bal- timore & Ohlo. United Fruit was a conspicuous weak spot, tumbling 7 points. International Telephone, a weak feature yesterday, was well sup- ported around 29, however, and Radio was fairly ‘steady. ‘Weakness in United Fruit reflected a sharp slump in third quarter earn- ings, attributed to an oversupply of fruit and vegetables in both the United States and Europe during the Summer. It was pointed out, however, that the oversupply of domestic fruits normally clears up in the Fall and the banana business improves. Farm implements also were under sharp pressure, Inter- national Harvester breaking below 65, last November’s minimum. The grain markets, nevertheless, continued to re- flect the improved buying apparent re- cently. Only for a short time after announce- ment of the failure of a curb market | house did -scale selling appear in this market. This l’;‘l’lure, ho:rever. was regarded as of a minor nature, - i sumably an aftermath of the Sisto ffi- ure on Tuesday. Market Closely Watched. Traders, however, were obviously un- willing to attempt to push farther such a violent upswing as that of yesterday. An occasional abrupt technical rebound is an expected development in a de- clining market. Tfaders watched closely the action of stocks as they approached the low points of the decline, mostly recorded on Tuesday. While most of the well known mar- ket averages or price indices have not as yet approached the low levels of last November, a compilation shows that a little more than half of the total num- ber of active shares have recently broken through the November resist- ice points. U. 8. TREASURY BALANCE. The United States Treasury balance announced today as of close of business September 30 was $331,163,294.28. Cus- toms receipts for the month to date were $36,654,823.81. Total ordinary ex- penditures, $5,549,879.22. Feomam aniie~ o S REAL ESTATE LOANS Made -at Low Interest Rates TYLER & RUTHERFORD Applications _invited apartment: dwe) “ri- on well loc tor 8. B or 10 years. if so 1520 K St. NW. National 0475 CETES s 103% =8 v . i o e FINANCIAL. THE EVENING éTAR WASHINGTON, D. C., THURSDAY, OCTOBER 2, 1930 - CONTRACT FOR DAM LET. | NEW YORK STOCK EXCHANGE S S St i ;hneu t !ordco-rrst‘:udx nglflfid';r;gyg; Reoel act e e ) by Private Wire Direct o The Star Office. e o s T heorene & 0 J. A. LaPorte_Corporation of Albany, < . N. Y, whose bid of $096,732 was the § lowest of the 24 estimates received. Between the lowest bid and highest 1 Lhenr;o 0:6“ a difference of about N . ~Prev.1930~ 4 & 5 $1,000,000. Director of Washington Bank | & e Secondary Reaction Carries| qivie suwimores aie: storage. 1t i 37% < 21% Adams Exp (1.60).. 23 24 24 4% Curtiss Wright Corp: estimated. The Loch Raven Dam im- . Honored at Annual Con- aux 234 Adaressorroh (%) e n S04 Qurtise W Corn A Many Issues Down One pounds normally 35,000.000.000 gallons . } Advan umley. ... 7 7% =] of water, a e Prettyboy % B i 4134 15% Advance Rumley pf.. 1 19 19 * 18% Davison Chemical i miles further up the Gunpowder, is ex- I vention in Cleveland. e IS ARGRAR TSR o SEOEN % W 146 Delaware & Hud (9) « to Four Points. Dected to impound as much as 26,000, 156% 1084 Alr Reduction (143%4) B9 113% 108% 110% 110% 110% Del Lack & Wn (7). 000,000 gallons. 8 11 AlrWayEIAp(1%) 2 18 12 12 11%| 80 45 Denver&RG W pf. BY EDWARD C. STONE. 3‘6 7% Ajax Rubbe: % % % 1% 18% Dev figlA:l:‘!O)'.). Edmund Stanley Wolte, former Wash- [ (51t~ £1% A1ok8 {0 . TR T e edokiiny )5 o ¥ &) 15% 6% Alb: Wrap Paper.. 9 Dis nd Match (8) ¢ ington banker and still a director in the | 104 89% Am‘-‘:n};e Realty 13%. M“ ng“ sg& ome Q Washington Mechanics’ Savings Bank, [ 35% ;;% :fleslgnr Co;;n-s% 32& ;su 18% 19% e eg Cp ww > 2% 925 92% iz Corpo! . has boen- elbotee’president. ‘of * the 232 Allled Ch & Dy (n6). 18 242 233 236 242 10% Dunhfil Int (1). National Bank 45% Allis Chalmers (3)... 14 48% 4b% 45% 48% 97 Duplan Silk pf (8) Division of the 23 Alpha Port Cmt (2) .+ 28 28y 23 95% Du Pont de N (14.70) fimeflleu%lffllgf:& 18 Amerada Corp (2)... 2§ 24 24% 114% Du P de N deb pt (8). ws’“"mc ngton several 2§ :: A:;;z:} g:‘p’g 3 8 East Roll Mill (ht2). 22% Am Bosch Magneto. 41% Am Br Shoe (2.40). 118 AmBrSh&F pt (T &% Am Brown Bov Elec. 166% 1084 Am Can (15)......+ 245 1281 1201 1228 150% 140% Am Can pf (7). .11 150% 150% 150% Am Car & Fdy (8)... 42% 42% = Su - NS SRR D RN RE - R the First National Bank of Bridge- gort., Conn,, but as kept up his contacts here since + that time and has attended several of the conventions of the District Bank- Eitington-Schild...« 46 Flec'Auto Lite (6). 2% Electric Boat. » Money on Hand to Loan on First Deed of T?'lllt 6% Interest Reasonable Commission and Prompt Replies to Applications JAMES F. SHEA 643 Louisiana Ave. NW. 49 3%, 8214 42 116 90 Am Car & Fdy pf (1), 69% 89 Am Chain (3) 101 75% Am Chain pf (7). 511 86% Am Chicle (13) 33 9% Am Com Alcohol. 35% Erie R R. ..\ 9% 33% Am European Secur., 53 Erie RRisth 1018 52" Am & For Power. ... 169 874 50 9 101 95 Am & For Pw f ( ; 6% Eureka Vac Claaner.. Edmund 8. Wolte. | "33y g1 Am Hawailan (a10). 5" Evans Auto Losging. iU 30 AmIce (1) ..o 1 22 Exchange Buf (B4). m Internat] ¢ 105 Am Locomotive (4 ot i L A 118% 89% Am Locomot pf (1) 102" Mairbenks M vt 7 45 3% AmMa & Fy (1165 % Fed Motor Tr (800)' e e 16% Federal Screw (3). .5 804 48% Am News (314) b okl 119% 70 Am Pow &Lt (31)... Filene's pf (6%) P 107 99 Am Pow & Ltpf (6).. Firestone T & R (1)+ 87% 756 AmP&LDLA (3%). Firest T & R pf (6).. 891 80 AmP&LpfAst(5) First Nat Strs (2%). 39% 20 AmR&StSan (1%). 1% Fisk Rubber, = 148 126% Am Rad &S Spf (). 4% Fisk Rubber 15t pf. . 100% 434 Am Koll Mill (n2)... 40 Florsheim Sh A (8., * necticut Bankers’ Association. Few peo-| 67% 5215 Am Safety Razor (5) 15% Follansbee Bros (2). ple belong to more organizations. He 3% 1% Am Ship & Com 601 Foster Wheeler (2).. belongs to the Masonic fraternity and| 78% 51 AmSm & Ref (4) 28% Fourth Natl Invest.. nine of the leading yacht and country [ 141 =~ 138% Am Sm & Ref pf (7). 164 Fox Film (A) (4)...: ALEX. BROWN «* SONS = Underwriters + Distributors INVESTMENT SECURITIES 90 484 99% 44 Endicoti-John (5)... 941% Eng Pub §v pf (5%). 39% Equit OMce Bldg (3). born in Frederick, Md, September 6, 1883, He attended the academic department of George ‘Washington University and also the o George Washington Law School. While in active banking here as cashier of the District National Bank, he was president of Washington Chapter, American Institute of Banking. In the American Bankers’ Association he has been a vice president of the National Bank Division, member of the executive council and the bank management com- mission. From 1927 to 1929 he was chairman of the Federal Legislative Committee He is 3 past president of the Con- Pay Dividends Office workers using Stary Posture Chairs will do mg work with less effort and errors than those using the old type of office chair—because ‘“correct posture” relieves nerve strain and reduces weariness, Executives who install these chairs for their employees in- suren:.hemselvza of a real, definite profit. Reasonably Priced $19.50. Each Delivered to you “on approval” STOCKETT- fio HKE CO RAsHINGTOND.& We Want Your Businéss! OFFICES Hill Building 17th & I Streets Several single offices and suites available at most rea- sonable rentals. Avply to Representative, Room 300, Moore & Hill, Inc. 730 17th St. N.W. WasninoTox Orrien 937 15th Street N. W, Telephome, National 3053 Personal Mamm Osricz - Barmimens 59% Gen Electric (1.60) 11% Gen Elec spec (60¢).. 46% Gen Food Corp (3)..y Gen Gas&El A (e30¢). Gen Mills pf (6) 37% Gen Motors (13.30 92% Gen Motors pf (5) Gen Outdoor Ady. on your own’ signature and security No Endorsers Required Strict Privacy Assured MARYLAND PERSONAL —— I S Silver Spring, Md. Phone Shepherd 2854 Under State Supervision First Mortgage Loans On improved Real Estate in the District of Columbia and nearby Maryland and Virginia for 3, 5 or 10 yoar terms on your Office Building Business Property RANDALL H. HAGNER & COMPANY MORTGAGE LOAN CORRESFONDENT New York Life Insurance Company 1321 Connecticut Ave. Decatur 3600 PROPERTY MANAGEMENT 1} Apartment MANAGEMENT takes a thoroughly organ- a8 . N ealoma National Metropolitan Bank 15th St., Opposite U. S. Treasury 1814—Oldest National Bank in the District of Columbia—1930 ° ized and experienced de- partment—such as we main- tain—to manage apartment houses to the best interests of the property and most profit to the owners. There’s more than a third of a century’s experience back T reewemem————-. of this service of ours. B. F. SAUL CO. 925 15th St. N.W. 9 B Sana clubs in Connecticut, as well as to the| 43% 38 Am Snuft (13). 1 39 National Press Club and the Racquet 112 100% Am Snuff pf (6) S5 Futier pr pe (1706 Clu city and the University Club in Bridgeport. In politics the new . _,:‘; g“’f}‘fl el ;A: n. A. B. A official is an indeperdent lég 110% Amgunnyv( M. I OHA;:#:%‘:():-‘-)A Democrat. 1 42 Am Stores (2). 4 In addition to his business affiliations, | 69% 40 Am Sugar Ref (5). % g: - Q"’h 1t (4) Mr. Wolfe is president of the Board of { 26% 8 Am Sumatra Tob ¥ 32“ e A(1)- Police Commissioners, Brooklawn Coun- | 27% 16 ~Am Tel & Cable ( 2 try Club and the Bridgeport Chapter,| 274% 200% Am Tel & Tel American Red Cross, all of Bridgeport. 114 Am Tobacco. He It also a director in the following % Am Tobacco ¢ Bridgeport Brass Co., - Bridgeport Hos- 2 - pll«ldL‘ Bridgeport Hydraulic Co, Bridge- 99% .Am Wat W 1st pf (6) rt’ Morris Plan Bank, Bridgeport- 19% Am Woolen pf. ... ... + Peoples’ Savings Bank, Bridgeport Pub- 3415 Anaconda Cop (23%). lic Library, Bridgeport Y. M. C. A, 20 /- Ansconde W & © (1) Connecticut Co., Producto Co, of Bridge- | F2H “3,2 % ::fifi:f. g:: ‘(;:2)%) mpm and the D. M. Read Co, Bridge- 3 s Anas o - o 4 Archer-Dan- ose Traction Letter Stirs Interest. 82% 71% Armour of Del pf (1) The letter sent out yesterday by John | S 3% Armourof 1 (h). .~ H. Hanna, president of the Capital| o™ g5™ 40n00r of Tl pf (1) x4 Traction Co., accompanying the 140th | Ja. ' ATTSETS L Fig 77 GenR & Ut pf (e6). . quarterly dividend payment, proved| 500 7a “ltioom Corporation 65% Gen Refract (14%).. highly interesting fo the financal dis"| 2g% 24~ Art Metal Const (2 27 Gen Theatrs Equip. . ol s cepeitian s oiels 306 58 - AnssAupliad (6) 49, Gilitts Sat Raz (ns) Fate taxicabs on traffic and says that| ooy a8 A 6% Gimbel Bros pf (1).. the higher care fares have already given | 1501, g5 . 12% Glidden Co (1.20) the company some measure of rellel,| 2491 194 Atch To& SFe (10).. 5% Gobel (Adolf). although not yet sufficient to make the | 1ogs; 102% Atch To& S F pf (5). 34% Gold Dust (23%) i::uyoe:: company's revenues equal to AtGuif & W Ipf (5). !’:w g:::;izx;. (Bl;i;)‘. S hanns examinis ‘i iripts o ass Sas a1 £ 45% Goodye equal length—one just before and the| "37 251 Atlas Stores (n1) Y 90 Goodyear other just after the fare changes be-| 263% 91 Auburn Auto (34). 8% Gotham Sill ;:me efTective. u;;h?flm June lhw July 30 19 Austin Nich pr A (3), 60s 23 5: Gotham B H pf (7)., , preceding crease,” he says, 1 87 Auto 8Bt SafR(3). 5 Ti% . » Jour revenues were 8835 per day below g A it o o L S} 18% Granby Cansol (3). 5 3 r the change are, 3 nfon. ... o BTRIDR 5, o |1 YA Elawln Lo Ny M0e 205 27 Granite City Bti (6) e m?l per day below !llfl 122% 90% Balto & Ohilo (7) 2 934 zy‘ 3:‘,?:‘3,’ '1;7(8)- o Jo8T. Indicates that the fare| 110 106% Bamberger pf ( e BN o R 6N Dweana ). 16% Gr West Sug (1403 3 3 A igar (3). A0). . “Economies effected” President| 100% 101% Beatr 108 Gr West Sug pf (7).+ Hanna adds, “chiefly by schedule| 851 77% Bel Nat 6 Grigsby Grunow.... a e 31% Best & Co (2) . tion In operating expenses for the first 1906 75 Bethieher Steel (8 3l Guit States Steel. . . eight months of the year to the amount | 134 122% Bethlekem St pf (7 95 Gulf St Stl1st pf (7). of $30,139. During the same period| 29% 174 Bloomingdale Bros. s 26 2584 12% Hahn Dept Stores. ... taxes showed a reduction of $12,000.” 69 23% Bohn Alum&Br(1%), « 20 Hall (WF) PrCo (3). President Heénna believes t the Bon Am! (A) (16)..u 6 42 Hamilton Watch 1.80 operation of cut-rate taxicabs is be- 86 na pf (new) (7), coming less remunerative, so that the 7% Hartman Corp (B).. - s LT Life-Long Friends I T he Metropolitan numbers among its customers many who .represent the second and third generations of original depositors. fiConsistently high standards of service and the policy of ready accommodation, whenever merited, build friendships that survive the years. number of cabs now operated may be Hawaiian Pineap (2)100s lessened. His letter also calls attention 4% Hayes Body......... 712 to the fact that the Capital Traction 20% Hercules Mot (1.80). Co. is owned and controlled by home 60 Hercules Powd (3), and not outside capital, a large pro-| 16% 10 Bklyn& Queens. 70 Hershey Choc (5) portion of the 2,300 stockholders being | 178% 115 Bklyn Union Gas (5). 8314 Hersh Choc pf (15). residents of Washington. 30% 13% Bruns-Balk-Col 204 Helland ¥ur (e12%). 5% Bruns Ter & Ry 8 oudaille Hershey. . Wl IS TprTen, 3 % 2 49 Household Fin pf (4). Three wholesale lines report August| 117 107% Bucyrus pf (7 52% Houston Oil (b10%). business seasonably above July in the| 43 29% Bucyruscvpf (2% 4 33 24 “Howe Sound (t43%).. * fifth Federal Reserve district, although | 16% 5% Budd (EG) (1).. 41 Hud&Man Ry (3.50). all lines were materially below August, | 14% 8% Budd Wheel (. 22% Hudson Motors (3).. 1929. _74 _ 20% Bullard C: 10 Hupp Motor Car (3). Groceries, dry goods and shoes had | "43 ° 26 Bulova Watch (3)... 108 Illinots Central (T).. better business in August than in July, | 110% 90 Burns Bros (A) (8).. 18% Independ O & G (2).. ~dry goods sales being 48.4 per cent and | 35 154 Burns Bros (B) 31 Indian Motor Qge! shoes 56.5 per cent larger. The de-| 48% 20% Bush Terminal (2%) 2 33 6% Indian Refinin) crease over August, 1929, ranged from | 118 109% Bush T Bldg pf (7) 7 73 10.3 per cent for groceries to 29.3 per 1% ButteCop &7 (50c).. 2 2 + cent for dry goods. 1% Butte Superior Collection in all lines except gro- 12% Butterick Co, 9% Insctfs (Md) (60¢)., cerles were lower for August over the 54 Byers (A M). 20% Interboro Rap Tran, same month last year. Calumet & Arizona 3 4 30 Interbor Rap Tec.0.d.. Sixty-five firms dealing in groceries, Calumet & Hecla 15% Interlake Irom (1)..o dry goods, shoes, hardware and drugs Campbell Wyant 15 4 Int Agricultural.... Iors B Richmond bank ‘on | 7sy, Canada Dry G A (5) . i 5% 162% Intl Bus Mach (n) A 226% 165% Canadian Paclf (10). 4 180 10 Intl Carriers (260).4 The Washington Stock Exchange 40 Can Pacific new 56% Intl Cement (4)....n fafled to catch the spirit of activity 19% Céinnon Mills ¢ 20 4 Intl Combustion. preyailing on the New York Exchange 13 Capital Admi i y 30 IntComb Eng pf. today and business was dull. 96 Car Clin & O sta (5).. 641 Intl Harvester (2 Washington Railway & Electric 481 3gos, 121% Case (J1) (6).....0. 31% Intl Hydro El A (e2 s0ld at 89%,, while Washington Gas 5s 45 Caterpil Tr (13%)... 66% Intl Match pf (4) moved at 105. Washington Gas 6s, 50 Cavangh-Dpf (6% ). 98% 84% Bklyn-Man Tr pf (8) 45% 28% 254 10% 10% 110% 110% 112 19% 204 204 3% 3% 8% o w an OB R ammnmn Nat’l 2100 - Ind Ray (b5 % stk). 164% Ingersoll Rand (15) 9% Inspiration Coppe: M ORTGAGE LOANS 3% on Savings YOUR INVESTED DOLLAR No Business serics A, registered 10314, 12% Celanese Corp. Ten Shares of Federal-American Na- tional Bank stock came out at 272%a, and 10 shares of Merchants' Transfer & Storage common sold at 105. Fifty shares of Peoples Drug Stores preferred 9 Celotex Co... 3415 Celotex Co pf 3715 Cerro de Pasco (6) 5 Certain-teed Prod. 18% Checker Cab (4.20) 19% Intl Nick of Can (1). - 13% Intl Pap & P (A) 2.40 7% Intl Pap & Pow (B).. 5 Intl Pap & Pow (C).. 24 Intl Printg Ink (2%) 75 Int Print Ink pf (6).. 208 [STOT T~ PP PR~ CPY S TET PRI Y - 1Y -‘Buys More. Incomeo Cycles 59% Int Rys Cen A pf (5). 30s changed hands at 101. 437% Ches & Ohlo (2%) 34% Intl Salt (3). 2 . In the unlisted department four 10- 51 Chesapeake Corp (3) share lots of Raleigh Hotel Co. stock 71 Chic Great Wi 53% Int Bhoe (3) £y 1 sold at 45. 26 Chic Great West pf.. 69 Int Silver :r' ) o{ 21 Intl Tel & 1 (2. . 20 Gleaned in Financial District. ! -l s i it g b Howard Moran, vice president of the i 12 Investors Equity (2), 7 American Security & Trust Co. and & g 2 43 Jewel Tea (14) 2 past president of the District Bankers’ 87% Chic R1& Pac h % 70 Johns-Manvil < 8 Association, has been elected at Cleve- 25 Chi YellowCab (3) 118% Johns-Manv pf (7).. 608 land to serve for another three-year 42% Childs Co (2.40).. y 4 118% Jones&Laugh pf (7).100s term on the Executive Committee of the 19% Chrysler Corp (3) 1 Jordan Motor Car.... 1 , Bavings Bank Division of the American Ca &;“;’ ) 8% Karstadt (R) (1.08).. 1 Bankers' Association. CHy 1ia B 10 0L ¥ % 20% Kayser Jultus (2%). b 1 . HE business cycle has completed its swing, some economists say, pre- dicting that business is on the upturn .+ .and on the turn of the wheel the stock market reacts—prosperity .. fol- lowed by depression . . . followed by prosperity—BUT—no one can tell when the wheel will turn— in this Sound Bond EW ENGLAND GaAs AND ELECTRIC ASSOCIATION 5% Convertible Deben- ture Bonds, due 1950, at the present market yield over 534%. This above-average yield is combined with -above - average security—making these bonds extremely attractive to the investor seeking income with safety. 5 4% City Stores (50¢). " oy o e R elarea thy| 42 28 City StoresA (34). 608 8 Keith-Alb-or gt (). Tegular quarterly dividend of 2 per cent 30 Cluett Peabody (3).. 19% Kelly-Spring 8% pf.. 308 on'the preferred stock. The offcers of | 1011 1331 Gora- 0o )05 145 2% Kelsey Hayes (1)orer 6 the company are: Morris Cafritz, presi-| 103% 9 olg- % . 7% Kelvinator COrp, .. 21 RrYY vi . 36% 14 Collins & Afkman.., Pk - o treasurer; Morris Gewirz, general man-| 15 32% Col Fuel & Iron (3)., ' A E et o B ::;":;".lemd M. D. Rosenberg, general| ;15 1041 Col Gas & El pf A (8) 1% Kolster Radlo. .. sso 1 @ . " " 37% 12 Colum Graph (a%). D b e iy i poca |, 198, 108 Columbian Carb (16) * K . Glected one of the vice presidents of the | 40% 21 Comm Credit 3).. National Chain Store Association which 6% Comim Gred 1ot (§36) has just met in Chicago. The president | e for ihe coming year is Albert H. Mor- ey R or the JEIOge. Csfoety M 11% Comwlth & So (80c). Wade H. Cooper, president of R S e the Commerclal Natiohal Bank, is an- R e i o : other Washington banker who is attend="| Son 22 Gonmsl Clgars (8) v 2 A d . X ?: m:xg'&'efv.' ‘:;f:{“;f,‘\""fi;‘,:y‘ flsrvgggg‘ 6% (:onnolCIxnrpfftl‘l‘)/., §3. 1 in 20 domestic electric custamers in New e L Consol Cig pr pi . 3 was to be President Hoover's address at Taw Goneol Fitm 2) H 6% 85 England. 8 o'clock this evening. 53 103 100% 102% e F] N 9913 Cons Gas N Y of (5). 3 104% 104 4 . 0 . . . Other Financial Notes. i et B By cxiage tiad o i : y These bonds enjoy an active market on the Holders of $1,000 certificates of de- s Consol Textile. % t for Washington, Alexandria & 3% Container B , 4% New York Curb Exchange. ount Vernon Railway first mortgage 18% Contl Baking A. 20% 5 per cent bonds should bear in mind 3 Contl Baking B, 815 that $50 on each of these certificates 66% Contl Baking pf (8).. 6% 4s now being paid. The bonds are 50 Contl Can (2%) 53% widely held in Washington and vicinity. | 11% Contl Dia Fibre (1) 14% MclIntyre Porc M (1) The value of all automotive exports 50 Contl Insur (2.40). B4 B4 61 McKeespt T P(53%). in August was placed at $18,559,116, 2% Contl Motor 3 i 14% McKesson & Rob (1). compared with $18.977,189 in July and 13% Contl Oil of Del 881 464 Mack Trucks (6).... $39,922,327 in August, 1929, Commerce 14% Contl Shares (1). 16%] 169% 109 Macy RH & Co (n13) Department reperts. | s 825 16% 64 Madison Sq Gar (1) During the eight months ended Au-| 33 15% Coty Ine 16 ! 52% 25% Magma Copper (3).. t 31, 1930. automotive exports from 734 Crown Zell 7 8% 18 4% Mallison & Co §he United States were valued at $233,- | 93% 46 Cruclbie Steel (k5) 6 691 684 a0 8 . 1% Manati Sugar 1% 636,576, & decline of 46.9 per cent, com- = 117 104 Crucible Steel pf (1).410s 110% 109 109 110 ! 421 24 Man Elev mod F1ing pared with the $440,058,995 exported in 7 1% Cuba Cane Prod 16 1% 1 1% 1% pvtana oot Bt SRk iae corresponding period of 1929. 19% 6% Cuba Co. veesenn 6 T CC (Continued on Page 14), And for those wise investors who do not depend on speculative stocks, the turn of the Wall Street wheel is a matter of slight importdnce . . . for they KNOW that their money, placed in a sound, never failing security, will always be safe . . . always working and earning for them , . . Bond interest earned 2.39 23% Kreug & Toll (1.60).. 34 times on an “overall” basis 21 Krog Gr & Bak (nl). 22 76% LambertCo (8)...... 8 19% Lehigh PortCmt (1) 2 108 Leh Port Cem pt (7). 708 55% Lehigh Val (t4%)... 2 7% Lehigh Valley Coal.. 4 66% Lehman Corp (3) 2 22% Lehn & Fink (3). 16% LibOwens F Gl (1). Liggett & Myer (15) Lig & Myers B (15) That is why so many hundreds of people have placed their funds in the 6 per cent First Mortgage Notes sold through Swartzell, Rheem & Hensey Company. They know that for more than 61 years, these Notes have always paid a steady, unfailing interest return—despite the widest fluctuation in the financial . market. There are no business cycles: governing the value of First Mortgages— n}t’n' affecting the payment of interest on them. » SWARTZELL, RHEEM & HENSEY Co MORTGAGE BANKERS 727 15 STREET N W, / | WASHINGTON D.C. / : ; Tax refund in Massachusetts and Pennsylvania 100 10 102 New England Gas and Electric Association 10% & . . serves 1 in 10 domestic gas customers and 28 3 77 67 85 Louistana Oil. . LouG&E (A) ( 16% Ludlum Steel....... 72 Ludlum St of (634).. For full particulars write for Circular J.222 General Utility Securities Incorporated 61 ‘Broadway 2aaSe rannd | New York 18% Swand 8% 39%