Evening Star Newspaper, October 15, 1930, Page 13

»r SOUTHERN KEEPS SAME DIRECTORS Harrison Cheerful on Com- mon Dividends—Stock Ex- change Vividly Pictured. BY EDWARD C. STONE. Four directors of the Southern Rail- way Co, whose terms had expired. ‘were re-elected for three-year terms a the annual meeting of the stockholders held at Richmond yesterday and the officers of the com- pany were re- elected at a meet- Ing of the Board of Directors held im- uun‘:l: .“fr 3}’ my o e stockhold: ers. The directors re-elected chusetts, Fairfax of Vir- ia and Jeremiah lbank and Jack- son E. Revnolds of New York. Local stockhold- ers were intensely interested in the statement made by President Fairfax Harrison on common stock dividends. ‘The management does not expect to tut or pass the dividend and the present prospects are for its maintenance, Presi- dent Harrison said, unless gnenl con- ditions rsach the stage where it be- comes impossible for industy in general to maintain itself on a dividend basis. He did not look for such a development. President Harrison would not give an opinion on the legality of the payment of common dividends out of accumulated surplus. He said there was no prospect of the management huving to deal with this problem in either 1930 or 1931 and that therefore, it was hypothetical. Preforred Dividend Covered. Earnings from operations in 1930 to date have been sufficient to cover oper- ating expenses and prererred dividend requirements, but not sufficient for any payment on the common, President Harrison said. Other income from Southern’s investments for the current year is likely to equal about 5 per cent on the common stock and the manage- ment will dip into previous years’ earn- gs to make the 8 per cent common dividend. The Southern earned $11.65 in 1929, Fairfax Harrison, 424 66 1 10‘4 ll 126% ‘IEG\I 116 69% 1111 3% 7 34% 69% 4% 1007% 67% T9'e 103% 141 43% 130% 129 114% 124% 1084 A4 17% 81% 51% 37% Stock a1 tales— Dividend Rate. Add 00. High. Low. Close. 4 11 11 Abitibl Pow & Paper. 40% Abraham Straus: 104 Abraham szptu) 19% Adams Exp (1. 21% Adams H"fll(’)- . 97 Air Reduction (143)4) 10% Afr Way E1 Ap (1%) 13 Ajax Rubber 415 Alaska Juneau 15% Allegheny Corp. 80 Alleg Cp ww $30 5% . 199% Allled Ch & Dy (n8). 121 Allied Ch & D of (7). 3915 Allis Chalmers (3).. 18 Amerada Corp (2) 2 Am Agricul Chem. .., 22% Am Agricul Ch pf. 65% Am Bank Note (13).. 224 Am Bosch Magneto. . 118 Am BrSh&F pf(7), 8% Am Brown Bov Elec. 108% Am Can (15). 80 Am Car & Fdy pf (7). 38 Am Chain (3). 86'% Am Chicle (13). 50- l‘l 1 901 Am & For Pw pf (8),7108 101 Am & For Pw pf (1) B4 Am Hawalian 2% Am Hide & Leather. 17 Am Hidé & Leath pf. 491 Am Home Pr (4.20)., 2814 Am Ice (T4 25% Am Internatl (2).... 30 Am Locomotive (4).. 35% Am Ma & Fy (11.65). 3t AmMach & Metals. Am Pow & Lt pt Am P& L pf A st (8) Am R & 8t San (1%) Am Republic 36% Am Roll Mill (n2)... 524 Am Safety Razor (5) 51 Am Sm & Ret (4). 100% Am Sm & Ref pf (6). 1831 Am Sm & Ref pf (7). 38 Am Snuff (t3%%).. 3% Am Solv & Chem 31 Am Ste 'dy (3). 40 Am Stores (2 40 Am Sugar Ref (5)... Dgh Am Sugar Ref pf(7). 108% Am Tobacco. . 109% Am Toba¥co (B) 120 Am Tobacco pf (6) 106 Am Type Fdy pt (7). 74 Am Water Wks (1), 99% Am Wat W 1st pf (6) 19% Am Woolen pf. . 6 Am Zinc Lead & Sm,. 341 Anaconda Cop (23). 30 Anchor Cap (2. 18% Andes Copper (1). o - TS = =T T TOT S -~RP ¥} PP Browwwonamnn - ws a mBaE o 1n 11 40 108 22 23 105% 10% i T 164 80 122 Close 12 43% 08 21% 21% 104 10% % 16% 114% 8 175% Cutler-Ham (3%)... Davison Chemical... Deere & Co pf (1.40). Delaware & Hud (9). Del Lack & Wn (17). Denver & RG W pt.. Detroit Edison (8 Diamond tch (8) Dome Mines (1). Drug Corporat (4). Dunhill Int (1) Du Pont de N (14.70) Du P de N deb pf (6). East Roll Mill (ht2). Eastman Kodak (18) Eastman Kod pt (6). Eaton Axle& S (3).. Eitington-Schild pf. Elec Auto Lite (6). meuannumaanB o 2y 'y PO - T O P T T TOP S ) -} El Storage Bat (5). Emerson Brant (A) Endicott-John (5)... Eng Pub Serv (2.40). hnun umc- Pldg (3) lu . Evans Auto Loading. Fairbanks Morse (3) Fairbanks M pt (7).. 10s Fash.on Park Asso.. 1 Fashion ParkAs pf..740s Fed LL& Tr ($1%).. 2 Fed Lit & Trac pt (6) 508 51 Fed Min & Sm pf (7). Kederal Screw (3). First Nat Strs (2%). Fisk Rubber........ Fisk Rubber 1st pf. IZGU Fisk Rub 1st pf cv... 80s ' Foster Wheeler (2).. 11 14 Foundation Co. i Fourth Natl Invest 6 Fox Film (A) (4).... 128 Freeport Tex (t6)... 11 4 Fuller pr pf (17.94)., 208 Gabriel Snub (A) n.. Gardner Motor. Gen Am Inv pt (6)... Gen Am T’k Car (34) Gen Asphalt (4). 1 Gen Cigar pf (7).... 1708 Gen Electric (1.60)., 366 Gen Elec spee (60c). 14 Gen Food Corp (3)... 26 Gen Gas&El A(e30c) 22 GenG&Elevpf 6), 1 Gen G &EIpf A (1).. 708 Gen [tal Ed (22.62 1 Gen Mills (3). 118% 57% 12 52% 6l4 63% 105 33% 5% 11% D . Cy STOCKS IRREGULAR ON PROFIT TAKING i Oversold Market Tends to ¢ 113% 113% 564 11% Limit Trading Rather Than Promote Advance. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, October 15.—The ten- dency of the stock market to react after each substantial rally and to minimize what peared to Wall Street to be favorable technical conditions was shown today in a moderate decline in prices following a fire opening. The trading element was quick to take profits and slow to assume & per= manént position on either side of the account. 400 Xssues Lending “Flat.” ‘The oversold conditions reflected in more than 400 issues lending “flat,” with premiums demanded on shares that are normally in good supply, had the effect today more of limiting trans- actions than of promoting operations for the rise. The volume of trading in the early hours of the day was less than half that of Tuesday and the range of fluctuations was the smallest in _some time. One of the outstanding features was the absence of liquidation under which scores o( stocks have fallen to new low prices' for the year nearly every day tgus month. Today there were only a limited number of new “lows. The conference between Prestdem, ‘Hoover and officials of the New York Stock Exchange, at which the condition of the stock market and its bearing on business and also the question of “short WEDNESDAY, OCTOBER 15, 1930 sales” and bear raiding were sald to hl"b&nwwmoflm similar to that last mmblru‘an‘n of and eliminate certain - 1 to situation. strongest mon'.h. ‘These were ovannm moderate lm:reue in the mvpl! stocks from more by me does not yet M to take ldvln e Lhe reduced le"d “‘ yield HS'IE l(e on lmeatment securities. This attitude might easily be traced to some of the facts in the business situation which were made public during the day. Speculative and investment markets. abroad have been taking their lead for some time from New York. Today they were steadier as a result of the recovery here Tuesday. The directors of the Bank of Germany may find it advisable Thursday to again raise their rediscount rate, in order to check the flight of cap- ital, which amounts to between $150,~ 000,00 and $200,000,000 since the Sep- tember 14 elections. In spite of this the gold cover of the Reichsbank i8 still at a safe ratio. Plant to Resume Operation. NEW YORK, October 15 (#).—The Cleveland, Ohio, plant of the Fisher Body Co. is to resume assembly line producnnn discontinued last Spring, giving employment to 2,000 men imme- diately. Foliowing a short period .of advanc- ing sales and inquiries, trading in the Nation’s machinery and machine-tool matkets again relapsed into spottiness during the past week, the American Machinist reports. ¥ s CHICAGO DAIRY MARKET. CHICAGO, October 15 (#).—Butter, Teceipts, 5,760 tubs; steady; prices un- changed. Eggs, receipts, 3,937 cases; steady; extra firsts, 28; fresh graded firsts, 27; fresh current receipts, 22a23; ordinary current receipts, 19a21. Equitable Co-operative Bldg. Assn| nized 1879 Ory JOHN JOY EDSON, President Assets WALTER S. cereeees.$5,723,08361 Surplus & 50th YEAR COMPLETED l:.lA’l‘ Jr., Sec Subscription for the 99th Issue of Stock Beln; Received SAVE FOR FUTURE HAPPINESS! Begin that nme “nest Come in and let us teach you oses, niek [ 721 10th St. FINANCIAL, FIRST TRUST LOANS Reasonable Rates Courteous Treatment N.W. PRICES REDUCED! THE TREW MOTOR CO. | 1509-11 14th St N. W, | MONEY Nat'l 0765 2 A13 First Mortgage Loans mhamqflnfli Thomas' J. Fisher & Company, In Wall Street of Wash. Large, light, fic ': l'l.fir-uulhvl.tt privilege of use of waiting room. Stemographer will an- swer your phone. STENOGRAPHIC SERVICE IF DESIRED ideal for C. P. A., realtor or lawyer. Reasonable rent. Apply il Suite 303 907 15th St.N.W. TO LOAN 6% INTEREST HOMES and BUSINESS PROPERTY Also Funds Available for Construction Loans WM. H. SAUNDERS CO., Inc. District 1016 1519 K Street N.W. The Real Estate Loan Plan of Company is the result of a careful study of home financing problems egg” NO Learn the a vantage of regular sav- ings! our simple, easy methods! 29% 1734 Archer-Dan-M (2) 8% Ti% Armour of Del pf (1) 8% 3% Armourof Ill (A). 4% 2% Armourof Ill (B 13% 5 Arnold Constable, ... 20% 6% Artloom Corporation 464 25 Asso Appl Ind (4). ... 501y 28 AssoDryG (2%) 24244 194 Atch To& S Fe ( 108% 102% Atch To & 8 F pf 175% 121 Atl Coast Line(110; 51% 22% At Refining (12). 12% Atlas Stores (n1).... out of which 8 per cent has been appro- priated for 1930 common dividends, so there remains $3.65 which may be ap- to 1931 common dividend if earn- fall below requirements. n referring to current earnings and prospects Mr. Harrison said the com- y is still in the midst of depression. lowever, he added: “Our showing gives us some comfort when considered relatively with tions of other rail- Toads. ‘e watched our expenses cau- tlously in the first six months and at| 37 Gen Miils pf (6) Gen Motors (13.30) throughout the United States. Gen Out Adv (A) (4), Its flexibility makes it worthy Gen Fub Sery (b) .. of your careful consideration. Gen Realty & Util... . v 3 Gen R & Ut pf (e6 Long Term 'Low Interest Rates ‘Gen Refract (14%).. Gen Steel Cast pf (6) No Life Insurance Required Gen Theatre Equip. . Gillette Saf Ras (n5) the end of that period when things looked no better more measures were then put inao force. “There has been no improvement in revenue in the last 60 days and there 18 none in sight. However, in Novem- ber and December we expect to substantial revenue from the citrus crop and it will give a more cheerful a nce to our current ac- two months in compari- In the present situation the vate automobile has cut into rlllrnngdpu- sald. e-apeunnn is exerting a sub- mnuu effect on local freight service, in the movement of cotton icked up by truck from vered directly to the 1son of the truck busimess in hieh cu "f‘fi‘ Vivid Stock Exchange Picture. Birl E. fliult-t. education director e New York Stock Exchange Insti- Thm are 35 miles of tubing in ? for the conveying orders | Illd several mLes of telephone and telegraph wiring used in the work at exchange h irters. The work of the personnel depart- ment came I.n for much attention by Dr. Shultz. The turnover in messenger boys an the exchange is enormous. ‘The boys lverufi about 19 years of age, are all high school graduates or have had equal training in night schools and get | $15 a week at the start. They get $1 and increases every six months. ‘They are given an endless amount of training in the mechanical work, must learn hundreds of stock symbols, know the locations of the telephone. booths of hundreds of members of the ex- change and be perfectly accurate in obtaining and reporting quotations for members and for use in the quotation record room. The . average boy works about two years on the exchange. By that time most of them are taken by broker houses which are members of the ex- change. Last year the .personnel d:- partment filled 764 calls for trained men from members’ offices. In addition 354 other placements were made. The work is so varied and strenuous that it gives the boys a wonderful foundation for a real start in the financial field. Exchange Officers Address Boys. The exchange maintains a complete medical department, and 211 applicants are carefully exanfined and given fur- ther examinations periodically after they are in the service. They are also urged to do much outside studying, and are addressed by leading members of the exchange at meetings held every Thursday morning before trading opens. Dr. Birl explained in detail the method of handling orders, how the trading is carried on around the dif- ferent posts, the work of the special- fsts, how the members keep in touch with their offices and receive buying and selling orders, how the stock is de- livered, how stop-loss orders often can- not be filled until well under the limited price and covered a host of other tech- nical points of equal interest, ‘The motion pictures re excellent. At the conclusion of his address Dr. Shuitz answered many quesions from institute members. The meeting Wwas presided over by A. H. Henze, chairman of the Educational Cnmmn\le Frank M. Perley, presid of Washington Chapter, stated thal onm Iment at the institute for the first semester had reached 368, one more than last year. Miss Grace S. Stroemer, newly elected national president of the Association of Bank Women, is in Washington for & few days. Miss Stroemer is assistant vice president of the Bank of Italy and her home is in Los Angeles. Before taking her present position she was director of the' women's banking de- partment of the Bank of Italy, in Los Angeles, Capital Traction Sironger. Capital Traction was stronger on the Washington Stock Exchange today. It opened with 15 shares selling at 52, against yesterday's close at 513, and closed with a 10-share sale at 52%. ‘The final bid was 521, asked. Thirty shares of Washington Gas Light stock sold at 123, off 13 points from yesterday. Potomac Electric. 533 per ‘cent preferred came out at 108}, Columbia Sand & Gravel sold at 89 and Mergenthaler registered 92 and Rallway 8% 263% 81% % 38 116 122% 110% 84% 20% £33 34 101 92 5% 56% 110% 134 69 90% T8 1 178% !10“ b2'% 344 285, 3623, 132 9% 20 60 30% 66% 15% 67% 51% 821 10 10% 1% 52% 26% 46 89% 37 125% 32 7% 43 2% Atlas Tack. T8 Auburn Auto (§4).... 87 Aute Strap Saf R(3). 3% Aviation Corp of Del 19% Baldwin Loco (1% ). 104'% Baldwin Loco pf (7). 834 Balro & Ohlo (7). 106% Bamberger pf (6%). 61 Bang & Aroos (3%).. 12 Barker Bros (2). 70 Barker Bros pf (.%) 15% Barnsdall A (2), 95% Bayuk Cig 18t pf (7). 67% Beatrice Cream (4).. 18% Bendix Aviation (2). 31% Best &Co (2)... 6914 Bethlehem Steel (6 122% Bethlehem St pf (7). 19 Bohn Numul‘(l!fil 58% Bklyn-Man Tr (4)... 847% Bklyn-Man Tr pf (§) 10 Bkiyn & Queens..... 110 Bklyn Union Gas (5) 12% Bruns-Balk-Col. 29% Bucyruscy pf (2%). 5% Budd (EG) (1) 81 Budd Wheel (1). 18% Bullard Co.... 26% Bulova Watch (3)... 90 Burns Bros (A) (8).. 15% Burns Bros (B)... 25 Burr Add Mach (1).. 27% Bush Terminal (2%) 1% Butte Cop & Z (50¢).. 1% Butte Superior. 12 Butterick Co 48% Byers (A M).... 524 Calif Packing (4).... 7 Callahan Zinc & Ld 37% Calumet & Arizona 9% Calumet & Hecla 13 Campbell Wyant 50 - Canada Dry G A (5. 165% Canadian Pacif (10). 40 ‘an Pacific new..... 19% Cannon Mil 11% Capital Admi 11815 Case (J 1) (6 115 Case (J 1) pt ( 40% Caterpil Tr (13%) 10% Celanese Corp. 9 Celotex Co 20% Cent Agulire As l%. 3214 Cerro de Pasco (4).. 5 Certain-teed Prod. 18% Checker Cab (4.20).. 41 Ches & Ohlo (234)... 49 Chesapeake Corp (3) 1% Chic & Afton ...... 1% Chic & Alton pf. 6% Cnic Great Western., 26 Chic Great West pf.. % Chio MILSt P & Pao. . 3% Chic Ml St P & P pf.. 46% Chicago & N W (5).. 9'x Chic Pneu Tool. 764 Chic R 1 & Pac (1) 2415 Chi YellowCab (3) 37 Childs Co (2.40)... .. 16% Chrysler Corp (3).., 49 « 37% City lce & F (k3.60 3% City Stores (50¢). ... 20 City StoresA (3%)., 25 Cluett Peabody (3).. W 183 Coca-Cola (6)....... preferred at 98'2. Five shares of Na- tional & Trust changed hands }- Savings & at 500 flat. w!om egxmnbly& m& L e eens hove Ba- 5s at 102%, 124 Collins & Alkman. 73 Collins & Atk pf (7). 10 Colonlal Beacon. . 82% Col Fuel & Iron (2).. 68% Colo & Sou 1st pf (4) 431 Col Gas & El(2).... 10% Colum Graph (a%).. 97% Columbian Carb (18) 21 Comm Credit (2).... 31% Comm Credit A (3) 76% Comm Cred 15t (6%) 4 Comm C 18t xw (6%4) Com In Tr (81.60). Com In T ev pf lo(]. omm Solvents (31) 9% Comwith & So (§0c) . 99 Comwith & So pf 6) 35% Conde Nast Pub (2). 84 Congoleum-Nairn... 18% Congress Cigars (4). 291 Consol Cigars (8) .. 12% Consol Film (2) 16% Consol Film pf (2).. 9314 Consol Gas N Y (4).. Cub pf ll) . 15 Consol Textlie.. 11% Container A (1. 63,1 3% Container B 18% Contl Baking A. 3 Contl Baking B. 661 Contl Baking pf (8). 464 Contl Can (2%)....0 11% Contl Dia Fibre (1).. 45'% Contl Insur (2.40)... 2% Contl Motor 12% Contl O1l of Del. 125’ Corit} Shares 11).... 76% Corn Pr Ref (14%), 140 Corn Prod pf (7 10 Cotyline..... 34% E€rown Cork (f2.. s Crown Zellerb'eh.(1) . 63% Crucible Steel (k§). 1 Cuba Cane Prod. 314 Cuban-Amer Suka 38 Cudahy Packing (4). 1064 Curtis Publish (17). 114% Curtis Pllhlllll Pt l') 4% Curtiss Wright D. l'h— 5% Curtiss Wr .ol RN SN N DN A » 2 0 2 eBeamnBe s 167% 172% 18% 83'% 10 35 78 46% 1% 102 22% 37 92 92 28'% 82 lD 13% mm.- 1007 35% an, A 20 30 18% 18 997% Gimbel Bros. ., Glidden Co (1.30) Glidden pr pf (7). Gobel (Adolf).. Gold Dust (2%) Goodrich (B F' Goodyear Tire (5)... Gotham Silk Hoslery Gould Copper. ... Graham-Paigi Granby Consol (3).. Grand Silver § (m1). Grand Unfon........ Gr Nor ctf Ore (8 %). Gr West Sug (1.40).. Grigsby Grunow. ... Gulf Mobile & North. Gulf Mob & N pf (6). Gulf States Steel. ... * Hackensack W (1%) M‘l Hall (WF) Pr Co (2) Hanna pt (new) (7)., 100 Body Houston O1l (b10%). Howe Sound (14%).. Hudson Man pt (5) Hudson Motors (3) Hupp Motors. . Illinois Central (7)., % Independ O & G (2).. Indian Motor Cycle, Indian Refining Ind Ray (h5% stk) Ingersoll Rand (15)s, Inland Steel (4).. % Inspiration Coppe Interboro Rap Tran.. 22 Interlake Iron (1)... & Int Agricultural. 6 Int Agricul pf (7)... Intl Bus Mach (n6),, 1 Intl Carriers (25¢).. Intl Cement (4) Int] Combustion. Intl Harvester (2 Int Harvester pf (7). Intl Hydro El A (e2) Intl Match pf (4) Intl Mer Marine wre sanelans Intl Paper pf (7) Intl Pap & P pf (7 Intl Pap & Pow (C) Intl Salt (3). Intl Tel & T Inter Dept Strs (2 Int Dpt St pf xw (7 Investors Equity (2) Island Cr Coal (4)... Jewel Tea (14).. Johns-Manville (3)., Jones&Laugh pf (7). Jordan Motor Car.... Kans City Sou (5)... 4% Kans City Sou pf (4) Kayser Jullus (2%). 8 Keily-Spring Tire.., 2 Kelly-Spring 8% pf. 170- Kennecott Copper(2) Kinney (GR) (1) 550 (88) Co 1. Kreug & Toll 11.60).. Krog Gr & Bak (n1).. Lambert Co (8) Lane Bryant (2 Lee Rubber & Tire. .. Lehigh Port Cmt (1) Leh Port Cem pf (7). Leh Val Coal pf (3) Lehigh Val (t4%)... Lehman Corp (2).... Lib Owens F G (1) Liggett & Myer (15 Lig & Myers B (15).. Lima Locomotive Liquid Carbonle (4 Loew's Ine (3)...... Loew’s Inc pt (6% Loew's pt-xw (6%) Loft Inc. .. Looke-Wiles (12.90). Lorillard (P) Co. Loulstana Ofl. . Lo G & B (A) (1%) Louis & Nash (1) Ludlum Steel. . MecCrory (B) (2) McCrory pf (6) Mcintyre Pore McKeespt T P(153%), > 3 N A Lt s ® erBelannslanoa onSenn Macy & Co (nt3) Madi=on Sq Gar (1) Magma Cogper (3).. Man Eley mod g 1d5) Manhat Elev gtd (7). Manhat Shirt (1), , Marine Mid (1.20)... Marshall Pleld (2%) Martin Parry...... Mathieson Alkail 12 May Dept Strs (n2).. Maytag Co (1). © S NRNamaS S (Wflfl.w NO SHRINKAGE NO INFLATION One of the desirable features of investment in our 6% FIRST MORTGAGES —is the assurance that they are not subject to shrinkage or inflation. They pay this liberal interest without variation from the day you make the invest- ment, to the end of the term of the mortgage—and then the principle is returned intact. Over a Third of a Century Without a Loss May be purchased in amounts from $250 up. Bi F.SAUL C@ National 2100 925 15th St. N.W. 102% 16% The Principles of the Investment Trust have met with wide investor acceptance. As a result of a Survey we have evolved a plan whereby the investor may obtain direct ownership and control of diversified- groups of high grade common stocks without any expense beyond regular stock exchange commission. Through the DIRECT OWNERSHIP METHOD a group of ten stocks, one share of each of ten corporations may be obtained registered in the investor's name and de- liverable to him. There are 3 groups in which to invest. By the purchase of all three ¢roups a wider diversification is afforded. Current information regarding J:vclopments in all of the companies will be constantly sent to the investor by our Statistical Department. This department will be especially equipped to take care of inquiries regarding any of the group stocks and to disseminate information regarding them to holders of the various groups. A Booklet entitled “Investment Diversification— through Direct Ownership” , fully describing this method will be sent upon vequest. J-A- M. Iglehart & Co. Investment Bankers 719 Fifteenth St,N.W. Washington, D. C. Atembers avon vm-n-.m w-ve Eé-n.f%rw Loans Made in t)y District of Columbia and Nearby MQ'ulam! and Virginic WEARRES W.ashington Bmldmg Mortgage Leéan Correspondent Metropolitan Life Insurance Company District 9436 A Sketch of a Private Lavatory in an Office Suite The Shoreham Building —has given practical attention to details of office comfort and con- venience. T Outstanding above all is features of comfort and factors in service not obtainable elsewhere that make the Shoreham Building more attractive and more pleaszmt ior your busi- ness home. is its incom- parable location—and then its bright and cheerful rooms are a big asset in the tem- per and:temperament of your associates and employés—making the day run more smoothly and work proceed more expedi- tiously. Fixtures ‘and finish throughout reflect refinement and strike a new note in office ‘environment you'll appreciate. Single rooms or suites of any size —adaptable to your requirements. Inspection upon application to build- ing manager—Room 520. MSKEEVER £ GOSS 1. Representative of the Owners REHAM ;[xviamxmr COMPANY