Evening Star Newspaper, November 7, 1930, Page 13

PEES DG 0, SALES DN NCREASE Gain of $1,250,000 OQver | e 1929'1s Shown' During Last Ten Months. {7 BY EDWARD C. STONE. Bales of Pecples Drug Stores, Inc., during October amounted to $1,392,949, in comparison with $1,368,846 in Octo- ber, 1929, according to the monthly statement just announced. This is a gain of 1.76 per cent. For the first 10 months of the present year Peoples Drug sales totaled $13,- 668,208, against $12.411,174 in the cor- responding period a year ago, an in- crease of $1,250,000, or 10.13 per cent. Further comparisons show that the Washin~ton concern has made a steady gain in sales all through the year. The Teport is considered particularly inter- esting. s it was announced today that the first 28 chain stores making their reports on October sales showed an aggregate decrease of 6.04 per cent and for the first 10 months of 1930 of 1.39 per cent. The company's preferred stock is listed on the Washington Stock Ex- change and the common on the New York Stock Exchange, the preferred selling around 100 and the common at 31. Country Club Bond Issue Sold. An oversubscription for the forth- coming issue of $225000 Columbia Country Club 5l per cent 20-year sinking fund gold bonds is reported by Y. E. Booker & Co. the investment banking firm which is putting them out. The new issue is to be dated Dzcem- ber 1, 1930, the coupon bonds being in denominations of $500 and $1,000. They are priced at 100 and accrued interest | and are callable on any 30-day notice at 105 and interest. They are secured by all the club property, consisting of 136 acres of land, & modern clubhouse and all the improvements that have been made. While this is a comparatively small issue, bankers today called attention to the fact that the oversubscription indi- cates that there is plenty of investment money in the Capital in spite of pre- vailing _economic conditions. As soon as the bonds are issued application will be made for listing on the Washington Stock Exchange. Association Names New Director. At the annual meeting of the Home Mutual Building & Lo2n Association, Barry Black, president of the A, R. Mc- Chesney Co., was elected a director to succeed George King, publisher, who re- signed. The other directors and officers were re-elected as follows: Clarence P. Norment, sr., president; Maurice P. Flynn, vice president; Odell S. Smith,” secretary-treasurer. Direcs tors: John Alden, John N. Auth, W. W. Bowle, William F. Gude, R. Lee Horton, William E. Howard, Arthur J. May, John A. Maxwell, George L. Starkey, Alfred Walford, G, W. Forsberg, Karl Achter- kirchen, Prank S. Smith, attorney. Depression Zero Hour Passed. Yes. The zero hour of depression is ¥|st. There were those ,and relatively lew, who had the common sense not to be carried away by insane ulation last year or by lurid belief & new and everlasting era of ever-expanding prosperity.. They can afford, says Trust Compani~s . Magazine, to watch the passing show.and the future ‘with con- fidence and tranquillity. Again, tl are who today are not carri away by fear and have the courage to realize that this great Nation has en- countered and survived far greater shocks and passing on to ever and economic achieve- Sy o ly upon_the professional anties on the New York Stock Exchange. which must needs re gain its discredited itation as reli- able mentor of actual values or future trends. Their true sense of fundamen- tals and perspective is not thrown out of gear ‘by transient statistics on car loading, price fluctuations, unemploy- tios, bank clearings and that, for all those who faith, the “zero hour is past.” Teday’s Sales an Exchange. On the Washington Stock Exchange today five shares of American Security & Trust Co. stock sold at 355. Mergen- thaler Linotype moved at 90, and Capi- tal Traction again sold at 50 for only 10_shares. Potomae Electric 512 per cent pre- ferred stock came out at 108l2, while five shares of the 6 per cent preferred registered 111. Three 100-share blocks of National Mortgage & Investment preferred sold at 5, In the'bond division, $1,000 Washing- ton Gas 6s, seres A, sold at 103, and a baby B bond sold at 106},. Washing- ton Gas 5s came out at 1055, ‘The final quotations on Capital Trac- tion were stronger than yesterday, 50 being bid and 51 asked. Heard in Financial District. October sales of the McCrory Stores Corporation were $3,606,393, against $3,798,497 in October, 1929, a decrease of 506 per cent. For the first 10 months of 1930+ they totaled $32,823,- 479, compared with $33,558,638 a year ago, a loss of but 2.2 per cent. ‘Theodore M. Riehle, associate man- nger of the New York office of the Equit- able Life Insurance Co., will address the District of Columbia Life Underwriters’ Association at next Thursday's luncheon. His subject will be “Cardinal Prin- ciples.” William Montgomery, president of the Acacla Mutual Life Association, reports that more than $1,450,000 in life insur ance was re-instated in his company in October. This followed heavy reinstate- ments in August and September and in- dicates to the company cfficials a much better trend in business conditions. F. W. Woolworth October sales de- clined 4.5 oJer cent from year ago, to $26,421,522; 10 months, $222,889,381, off 4.2 per cent. ‘The daily average volume of PFederal Reserve Bank credit outstanding durin, the week ending November 5 as nportes by the Federal Reserve banks, was $1,025,000,000, an increase of $34,000,000 compared with the preceding week and & decrease of $689000,000 compared with the corresponding week in 1929. POTATO MARKET. CHICAGO, November 7 (#) (U. 8. Department ~of Agriculture) —Pota- toes—Receipts, 156 cars; on track, 473 cars; total U. S. shipments, 811 cars; market about steady, trading fair; sacked round whites, per hundred- Wisconsin, 1.50a1.65; fancy, : Minnesota, South Dakota, North Dakota, 1.85a1.50, few 1.65; Colo- rado Brown Beanties and McClures, un- branded, 1.75a1.85; Idaho Tus- sets, No. 1, 1.90a2.00; No. 2, 1.50a1.60, mostly 1.55. PARIS BOURSE PRICES. PARIS, November 7 (/)~—Price chm’c- were irregular on the Plans to Hire 2,100. NEW YORK, November. 7 ().—The FINANCIAL. . NEW YORK STOCK EXCHANGE Recelved by ‘Private Wire Direct to The Star Office. Stock and w Dividend Rate. 8% Abitibl Pow & Paper 104 Abraham St pf (T) L) Adams Bxp (1.60). Adams Millis (2).... 29% Addressoer'ph (1%) 31 Advance Rumley.,.. % Ahumada lead & 96% Air Reduction (t4%) Alr Way El Ap (1%) ~Prev 1930—~ ales— h. Lo 10% Alregheny Corp. 48% Allegheny St1(12.55) 192% Allied Ch & Dy (n6). 121 Allled Ch & Dot (7). 35% Allls Chalmers (3) Alpha Port Cmt (2).. Amerada Corp (2). 221 Am Agri Ch pf ctfs. 21% Am Agricul Ch pt 58 Am Bank Note (+3), 61 Am Bank Note pf (3) 10s 4 Am Beet Sugar. . v 224 Am Bosch Magneto. . 351% Am Br Shoe (2.40). 1 6% Am Brown Bov Eles. 6 38 Am Brqwn B E pf 17)390s 108% Am Can (15). 192 140% Am Can pf (7)...... 834% Am Car & Fay (6). 37% Am Chatn (3). .. 75% Am Chain pf (7). 36% Am Chicle (13)...... 9% Am Com Alcohol. 9% Am Emcaustic (1). 26 Am European Secur. 354 Am & For Powe 41 374 80% Am & For Pw pf (6).1060s 88% 97 Am&For Pwpf (7). 3 97 79 Am & For Pow 24 pf. 814 Am Hawafian (a10). 13 Am Hide & Leath f, 49% Am Home Pr 4 20).. 2T Am lce (14) 19% Am Interna 28% Am Locomoti 794 Am Locomot pf (7)., 34 Am Ma & Fy (11.65). 4 AmMach & Metals. . 18% Am Metals&Min (1). 100 Am Metal pt (6). 43% Am Nat Gas pf (7).. 3¢ 48% Am News (314)..... 2008 53% Am Pow & Lt (31)... 99 Am Pow & Lt pf (6). 80 AmP& L pf Ast(5) 19% Am Rad&Std San(1), 84 Am Republics . 341 Am Roll Mill (n2). 52% Am Safety Razor (5) 38% Am Shipbuilding (6) 51 AmSm& Ref (4)... 98% Am Sm & Ref pf (6). 38 AmSnuff (13%), 5% Am Solv & Chem 29 Am Steel Fdy (3) 38 Am Stores (12%) 40 Am Sugar Ref (5). 96 Am Sugar Ref pf(7). 6% Am Suma‘ra Tob... 16 Am Tel & Cable (5) 190% Am Tel & Tel (9).. 1075« Am Tobaceo (5). 109% Am Tobacco B (5). 104 Am Type Fdy pf (7). 65% Am Water Wks (n1). 6% Am Woolen 18% Am Woolen pf...... 2% Am Writ Paper ctfs. 20 Am Writ Pap pf (4).. 6% Am Zinc Lead & Sm. 83 Anaconda Cop (2%). 20 Anaconda W&C (1). 80 Anchor Cap (2.40). 100 Anchor Cap pf (6% *17% Archer-Dan-M (2) 8% Armourof 11l (A) 1% Armour of Il (B) 42 Armour of Ill pf (7), 5 Arnold Cons! 20 Asso App! Ind (4) 26% Asso Dry G (2%)... 85 . Asso DG 24 pf (7). 4 194 Afch To& S Fe (10). 102% Atch To & 8 F pf (5). 115% Atl Coast Line(t10), 47% AtIGuif & WI(3).. 50 AtGulf & W 1pf (5) 60% u 18% &ustin Nich pr A (3) 52 Austrian Cred (3.82). Autosa! ceee f R(3) Aviation Corp of Del Baldwin Loco (1%). Balro & Ohio (1 Balto & Onio pf (4) Bang & Aroos (3%) Barnsdall A (2) Bayuk Cigar (3). Beatrice Cream (4) Beatrice Cr pf (7)... Belding-Hemingway . Bendix Aviation (2). Best & Co (2). Bethletem Steel (6). Bethilehem St pf (7). Blaw-Knox (1%).. Blu'thal & Co pf (7). Bohn Alum&Br(13%) Bruns-Balk-Col Bucyrus (1).... Bucyrus ev pf (23%). Budd (EG) Mfg. Budd Wheel (1) Bullard Co... Bulova Watch (3). Burns Bros (A) (8).. Burr Add Mach (1) Bush Term'nal (2%) Butterick Co . Byers (A M). Calif Packing (4) Callahan Zine & Calumet & Arizona, Calumet & Hecla. Campbell Wyant . Canada Dry G A (5). Canada South (3)... w 67 Cannon Mills (1.60).. 4 Capital Admin (A). 2 Capital Adm A Df(3) 2 Car Clin & O sta (5).. 20s Ci w1 6) 48 Case (J 1) pf (7). Caterpiilar Trac(t4) Celanese Corp . Celotex Co. Celotex voting ctfs. 5 Celotex Co pt 4 Cent Aguirre As13. Cent RR of NJ (112). Cerro de Pasco (4). Certain-teed Prod. - w - 5 EeZone Sncannnlvens - S Mil St P & Pa Chic Mil St P& P pf. Chicago & N W (5).. 19 Chic Pneu Tool. . 3 ChiPneuT ptf (3%).. 1 ChicR I &Pac(7)... 12 Chic R 1 & P pf (6) 1 ChiR1&Pacpf(7). 2 Chi YellowCab (8).. 20s Childs Co(2.40)...,. 2 Chrysler Corp (3)... 215 City [ce & F pf (6%) 80s City Siores (50¢).... 6 City StoresA (3%) 108 Comm Inv Tr pf 6% .. Comm Solvents (11) Comwith & 8o (60¢ NA FELL-S 00 Congress Cigars (4). 27 Consol Cigars (6) .. 2 64 Consol Cig pr pf 6%. 40; Add 00 High. Low. ~Prev.1930— High. Low g} 22% Stock and Baes— Dividend Rate ~ Add 00. High, 11% Contatner A (1.20).. 10 14 3% Container B 1 18% - Contl Baking A. 2% Contl Baking B..... 664 Contl Baking pf (8). Contl Can (2%4). Contl Dia Contl I Contl Motors Contl Ofl of Contl Sha Corn Pr Ref (44 Corn Prod pf (7) Coty Inc...... Crof Wheat (123%). Crex Carpet. . Crosley Radi . Crown Cork (12.40) . Crown C&S pf(2.70) . % Crown Zellerb'ch (1) Cructble Steel (kb). . Crucible Stee) pf (7). 20 Cuba Cane Prod. Cuba Co. . Cuban-Amer Sugar. . Cudahy Packing (4). Curtis Publish (17). Curtiss Wright Corp Curtiss Wr Corp A.. Cutler-Ham (3%)... Davison Chemical Co pf (1. re & Hud (9). Del Lack & Wn (t7), Denver & RG W pt.. Detroit Edison (8). . Devoe & Ray (1.20). Diamond Match (8). Dia Match 46 11% atwenon » 5 o HRBoameRenINNe NEBaEIN® Drug Corporat (4) Duluth S S & Atl | Duques Lt ist pf ¢6). Durham Hoslery pt. 100s East Roll Mill (ht2), 3 Kastman Kodak (18) Eastman Kod pf (6). Eaton Axle &8 (3).. Eitington-Schild pf. Elec Auto Lite (8) Electric Boat. El Pow & Lt (1).. El Pow & Lt pf (8).. El Pow & Lt pt (7).. El Storage Bat (5) Elk Horn Coal. . Emerson Brant (A). Endicott-John (5)... Eng Pub Serv (2.40), Equit Office P1dg (3) ErfeRR. e Erie RR 1st pf (4)... % Bureka Vac Cleaner, Evans Auto Loading. Fairbanks Morse (3) % Fash.on Park Asso.. Fashion ParkAs pf..150s Fed Lt& Tr (31%).. b Fed Motor Tr (80¢c).. 13 Federal Screw (3)... 2 Fed Wat8vc A240.. 3 Fid Ph Fire in (2.60) 4 Firest T& Rpt (6).. 7 First Nat Strs (23%). 11 Fisk Rubber. & B Fisk Rubber 1st pf.. 130s Foster Wheeler (2).. 15 Fourth Natl Invest.. 5 Fox Film (A) (4)... 288 Freeport Tex (6)... 6 Fuller 2d pf (17.40). 1508 Gamewell Co (5) Gen Am Inv pt (6).. Gen Am T’k Car (34) Gen Asphalt (4)..... Gen Elec spec (60¢c). Gen Food Corp (3)... 14 Gen Gas&El Aed0c) 20 Gen Ital Ed (a2.63).. 1 Gen Mills (3) Mills pt * 3= s (13. ‘Gen Motors pf (5) Gen R & Ut pt (e6).. Gen Refract (14%).. Gen Theatre Bquip. . Gillette Saf Raz (4). Glimbel Bros...,.... Gimbel Bros pf (7).. Glidden Co (1.20) ... % - u Peectilonboans e KeOTuANE HNme Grand Silver 8 (m1). Grand Union. ......0 Grand Union of (3).. Granite City 8tl (4) Grant (WT) (1).... Gr North pf (5)..... Gr Nor ctf Ore (a%) Gr West Sug (1.40).. Gr West Sug pf (7).. i Grigsby Grunow.... Guantanamo Sugar.. Guif Mobile & North. Gulf Mob& N pf (6). 12 Guif States Steel.... 6 Hacken pf A (1%) Hahn Dept Stores. Hahn Dept 8 pf (6%) Hall (WF) PrCo (2) Hanna pt (new) (7)., Hartman (A) (2).... Hartman Corp (B).. 11 Hav Elec Ry pf (6).. 20s Hayes Body...... Hercules Mot (1.80).. Hercules Powd (3)., Hershey Choc (5). Hersh Choe pt (15)... Holland Fur (e12%). Hollander Sons. ..... Homestake Min(18). Houdallle Hershey. . Housenold Fin pt (4) Houston Oil (b10%). Houston Oil (new).. Howe Sound (14%).. Hud&Man Ry (3.60). a8 Cooan o 208 1 wumo NOBRaREERAaR NS 95 110% «lllinois Cent pf (6).. Independ O & G (2 Indian Motor Cyels Indian Refining..... 21 Ind Ray (6% 8tk).. Ingersoll Rand (16). Iniand Steel (4)..... Inspiration Coppes. . Insurance Sh (45¢).. Ins etfs (Md) (60c).. Interboro Rap Tran. Intl Carriers (25¢).. Intl Cement (4). Intl Comb: Intl Harve Intl Hydro El A (e2) Intl Mateh pf (4).... Intl Mer Marine (2), Intl Nick of Can (1), 272 Int Nick Canpf (T).. 38 Intl Paper & PwrA.. 5 Intl Pap & P of (7) 2 Intl Printg Ink (2%) 1 Int Print Ink pf (6).. 108 Int Rys Cen A pt (5). 10m Intl Salt(3). 3 % Jordan Motor Car.... KC P&L 18t pf B (6). 208 Kaufmann DS (1%) 3 Kayser Jullus (3% ). 4 Keith-Alb-Or pf (7). pring Tire. 4 y Hay Kelvinator Corp 4% Kennecott Ccpr 19% Kinney (GR) (1).... 2 66 Kinney (GR) pt (8), 10s 1% Radio...c.c0 6 A* 1 26% (88) Coie. 83 26% ——— Low. _Close. C! 3 I 1 3% 19% 13% i C., IDECLINE IN STOCK MARKET CONTINUES Rail Shares Bear Brunt of Seiing Fressure—List Lacks Support. BY GEORGE T. HUGHES. Spectal Dispatch to The Star. NEW YORK, November 7.—In an- other session of great weakness and con- tinued pressure, stocks today receded into new low ground. The ralls were the special oblects of attack, but utili- ‘ties suffered again and many industrials went down in the general liquidation. The market had no fresh news to cause it concern overnight. In fact, the reduction in brokers’ loans in the Fed- eral Reserve compilation brought the total down to the lowest since the rec- ord was begun, indicating progress toward cleaning out weak accounts which would have been unbelievable a year ago. Thers was no buying power, however, and it took only a compara- tively small amount of selling to bring about skarp declines. Drive on Rail Issues. Speculators for the decline did not fail to note that the averages for the rails had made a new low at the close on Thursday, so that at the opening today they concentrated an onslaught against these shares. New lows were reached not simply for this year or for last, but for a longer time in such Suj posedly high-grade investment railroad stocks as Union Pacific, New York Central, Baltimore & Ohio and Penn- sylvania. Of these the loss in Union Pacific was the largest in number of peints, while Baltimore & Ohio changed hands at a price not seen for that stock since 1925. Hardly an active rail escaped. Be- sides those mentioned, new lows were made by Atchison, Lackawanna, Illi- nois Central, New Haven, Reading and Rock Island. A break of so compre- hensive a nature could not be ascribed to any development in the affairs of any single road but only to some cause af- fecting all the carriers. That could not be the election, which was invoked to explain the selling in- the utilities. It could hardly be anything new in the way of earnings, because the market has known all along that traffic was declining and the rate of decline is no greater, if as great as it was a month ago. Other Groups Affected. Next to the rails, the utilities were the weakest group, as they had been in the two preceding sessions. Here, t00, there was a long list of new lows, in- cluding such shining marks as Ameri- can. Telephone & Telegraph and Con- solidated Gas. North American Co. slumped 4 points, and American Water ‘Works, Columbia Gas and Public Serv- ice of New Jersey, among others, broke through their old resistance points. Peoples Gas—one of the few remaini stocks to sell above $200 a share—fe 10 points. To add to the general appearance of weakness, United States Steel, which had been so well supported Thursday, dipped into new low ground. General Electric, Westinghouss Electric, Bethle~ hem Steel and Air Reduction did the sml’:lel market so demoralized it is fool- ish to speculate as to when the end will be seen; but nothing can be more cer- tain than that such excesses on the side of decline will have to be atoned for sooner or later, just as th travagancies of the 1929 bull were penalized in the collapse of & year ago. Opening Ts Irregular. e After a dull and irregular o g the market came under the Irg:nu of extreme weakness in railroad stocks. The rest of the list broke more reluc- tantly, but, nevertheless, positively. At the end of the first hour net lasses of 1 to 6 points prevailed throughout. Sales in the first half hour amounted to 254,700, lgamst 417,800 in the some riod on Thursday. p"flw break in the rails was led by New York Central, which touched a new low at the opening. In subsequent trading the price of this stock fell off 4 points below its previous bottom for the year. Atchison, Baltimore & Ohio, Delaware, Lackawanha - & estern, Missouri-Pacific, New Haven, Norfolk & Western, Pennsylvania, Southern, Union Pacific. and Rock Island were at new losses. In the steels Bethlehem and Vana- dium made fresh minimums. Calumet & Arizona featured the mines list, also at a new low. Amerigan Water Works hit a 1930 low in the utilitles. United Alrcraft ¢id the same in the aviation group. . Chrysler led the motors down and Standard Oil of New Jersey clrrkdl the olls off, s ot St Fire at Tunbridge Wells, England, re- cently destroyed a mill 150 years old. S;e Us About First Mortgage Loans! We make first mortgage loans on improved Washington real estate at nominal costs. For a wise investment choose Real Estate FIRST MORT- GAGES—they not only insure s dependable income, but they protect your principal as well. Capital Resources, $3,800,000 24 JACKSON PLACE CONFiDENTS LOANS On your own signature and personal security Legal interest only charged for actual time the money is used. No Fees, Fines nor Embarrassing Investigations and No Endorsers Required e ACoDtINUS 00 Page IA). cstmecsliens o i e & 3 FRIDAY, NOVEMBER 7, 1930. lows for the year after comparable' T T MARYLAND SUPPLY OF FOOD ADEQUATE No Shortage Is Expected on Account of Drought. Prices Low. ngAAn!l‘ 'Rl’:‘”h to The Star. IORE, November 7.—Although Maryland farmers have lost lppro:?k- mately $4,000,000 this year on their E::w' Sweet corn and tomato crops use of the drought, there will be no shortage in these foodstuffs in the local and nearby markets, according to Dr. J. Knox Insley, commissioner of labor and statistics. While the drought, according to -Dr. Insley, has been the most serious to confront Maryland agricultural in- terests for the past 40 years, there has been a steady supply of staple foodstuffs, green and canned, pouring into the State from other parts of the country. Southeastern and Northeastern States, | taking advantage of the unfortunate conditions in Maryland, have shipped great quantities of potatoes and canned goods to wholesalers here, and not at increased prices. Staple food, like po- tatoes, canned and orchard products, are cheaper now than they have been for years, Dr, Insley said. It is a good thing that the staple foods are cheap, Dr. Insley said, when unemployment and other conditions are taken into consideration. Dr. Insley added “Maryland is a great potato-growing ac-uz;. especially the Eastern Shore ec “The crop this year is approximately $2,000,000 short cf the normal produc- tion, which runs a little over $5,000,000. The tomato crop, including the pack. is less than $900,000 in value, againet & normal crop of nearly $2,000,000. Corn and peas, now that the latest figures are avallable, are more than half a million dollars under normal. “Losses by Maryland farmers have been sustained on many other crops. High losses are disclosed on hay and grasses. Despite the losses, however, mumrll markets have been bal- ane and well supplied by shipments from other States. “The most unfortunate part of the agricultural situation is the fact that the average farmer has lost more than It will take the farms o long time to get back to their no mal productivity, especially in grasses pasture lands.” First ' Mortgage Loans In Arlington County and Alexandria, Virginia Commonwealth Investment Co., Inc., 806 15th St N.W. Ph National 2623 Mortgage Loan Correspondent for The Prudential Insurance Co. of America Money to Loan lnlg' by first “":' :' t ‘.:fl-l Cnl‘llfl Soseh L Wl BECRe L REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD 1930 = LIFE Ny Pittsfield, Mass. - 0. A Standard Low Premium Policy for Business and Professional Men Details on Request F. T. Koons, General Agent Union Trust Bldg. Nat. 1015 Preferred Dividends \ Seaboard Public Service (ompany’ The Board of Directors has declared the following regular quarterly dividends : Cumulative Convertible Preferred Stoch y $3.25 Series Ne. 1, $.81% per sbare Cumulative Preferved Stoch prises Ne. 7, $1.50 per share payable on December 1, 1930 to stockholders of record at the close of business, Novem- ber 10, 1930. £.'W. VANBIBBER, Treasurer ' FINANCIAL. NET GAIN REPORTED. NEW YORK, November 7 ( ) SRK, November 7 U O S Y AP, RN e ) Federal taxes and expenses. last Equitable Co-operative Bldg. Ass'n | D';l‘lh. 1879 Y Sist YEAR JOHN JOY EDSON, President = WALTER S. PRATT, Jr., Secreta Assets .$5,901,12248 Surplus & Profits .!ll.Ca” Subseription for the 100th Issue of Stock Being Received We will gladly explain our to Save Is Now ‘While you have a steady income is the time to pre- pare for emergencies. plan for saving! Effective . . . The Metropolitan Life Insurance Company Real Estate Loan Plan. Loans for Fifteen Years. No Life Insurance Required. Low Interest Rates. Reasonable Terms. Construction Loans in Any Amount WEREERECS Washington Building. Mortgage Loan Correspondent Metropolitan Life Insurance Company Loans made in the District of Colitbla and nearby Marviand and Virginia District 9486. FIRST MORTGAGES ALWAYS A PROFITABLE BUY There is one investment that no matter how, large or small the amount you put in it—or when — will always yield ex- *actly the same return. Qur 6% FIRST MORTGAGES have no speculative side. You know definitely what they will earn when you make the invest- ment—never more or less. It is this certainty that makes them so attractive when income is wanted. May be purchased in amounts from $250 up. B. F. SAUL CO. National 2100 925 15th St. N.W. Over a Third of a Century Without a Loss THERE IS NO SUBSTITUTE FOR SAFETY HARRIMAN & CO. Established 1888 111 BROADWAY, NEW YORK CITY Members New York Stock Exchange New York Curb Exchange COMPLETE BROKERAGE SERVICE We engage in the purchase and sale of securities on a commission ‘basis only. The facilities of our various offices are available for the purpose of making investments or main- taining conservative marginal accounts. Branch Offices: 729 Fifteenth Street, N.W. HOTEL BILTMORE Vanderbilt Ave, at 43rd 86, ., WASHINGTON, D. C. BOWIE CHIPMAN, Resident Pariner New York City: : | . 341 MADISON AVENUE WESTCHESTER COUNTRY CLUB Rye, New York WILMINGTON, DEL. ¢ . PROVIDENCE, R. 1, 303,806, against $7,711,721 in October profif Iast year. Sales the first 10 Fflofl November 4, 1929, to October 17, | this $70,745.855, 930, of $72,084, after deduction for t1|.lflflm corresponding. year. systematic | § ol = LR R S R SR S S M S —— paaax et Az TEeet s