Evening Star Newspaper, December 4, 1930, Page 13

'_.M..)&..fl_.“' STOCKS RREGULAR |HEAW INTEREST _|FATHe, mab- ke ONLIGHT TURNOVER Firmer Tone Appeaps After Early Period of Liquida- NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Siar Office. DEAL AGAIN RUMORED DUE THS MONTH e, o o Negotiations in $5,000, Transaction. undred-share 1 ooy o ekoenting those designated by the letter s (508) (zsn-) oot Which shows those stocks to be sald in odd lots only. ‘,‘,’j: Indivilual sales complled to 12:0)—complete tn 5:30 Edition. | ,5 ~Prev 1930~ Stoek Unles— Prev Hizh Low D"lflen! Add 00 High. Low. Close Close 424 8% Abitibl Pow per 10 10 Bank Official to Head Pub- 37T% 17% Adamas Exup (160). 19% 19% f,lk;ity Committee—Leith 94 £5% Adams Bxppf (5)... 108 8 87 88 . 28 Addressoer'ph (1%). 1 30 30 30 Stoek and Dividend Rate. Ao 0. T dieh. Low. Davison Chemical. .. D«r-n Co pf (140), Bond Yields, Maturities and Redemption§ Are Repofled Ml-lmnmn to The Star. Detroft Edison (8). Devoe & Ray (1.20) Dia Match ctfs (8). NEW YORK, December 4.—Negotia- 34y % last 13 of which he has heli the po- | # ident of the chapter, and is now serving | (3 *% clared 50-cent dividends on the class A ‘ v N . Vice Chairman. BY EDWARD C. STONI C. F. Jacchsen, cashicr of the Na- ¢ tional Metrcpolitan Bank, was appointed today to be chairman of the Publicity and Press Committee for the 1931 con- vonflon of the District Bankers' Asso- tion by Frederick P. H. Siddons, who ill chairman of the General Convention Committee. At the same time T. Hun- ton Leith, assistant cashier of the Se- curity Savings & Commercial Bank, ‘was appointed vice chairman of this committee. Mr. Jacobsen was born in Washi) ton in 1884, att>nded the public schm s and ‘gradunted from Emerson Institute. 4 He started his banking career in Balti- more, but shortly thercafter returned to ‘Washington and entered the employ of the National Metropolitan Bank, +where he has remained for 27 years, the sition of cashier, He hes already done much work for the bankers’ association. From 1925 to 1927 he was a member of the Commit- tee on ' Standardized Banking Forms, in 1928-29 on the Treasury Relations Committee, in 1929-30 on the Credit | Bureau Committee and during the pres- | ent year chairman of the same oom- ! mittee. Mr. Jacobsen is a member of | the Washington Board of Trade and a | member of the Clearing House Commit tee of the local Clearing House Asso- clation. Leith Active Young Banker. Mo, Leith, the new vice chairman, | was born in Loudcun County, Va. and attended the public schools in this-city and Business High Schoo'. He is & fnduau of Washington Chapter, Amer~ ican Institute of Binking, a past pres- 8s o member of the executive council | of the national crganization, this work | bringing him in contact with Institute chapters all through the South. Mr. Leith entered the employ of the Security Sivings & Commercial Bank in 1914 and served overseas in the A. E. F. in the 60fh Artiliery during the, World War. For three years he has been a member of the District Bankers’ | Association Standing Committee cn Publicity and is vice chal'rman of that | committze this vear. In 1928-1929 he scrved on the Advertising Committec. He is also editor of the monthly bull:tin cf the District Bankers' Asso- ciation, this publication having be-n considerably enl-rged during the prcs- ent year. i Company Declares Dividen. Jam:s P. Shick, president of the Na- tional Mortgage & Investment Corpo: nv.lun. announced today. that the di-| rs have declared a 2 cent divi- dend. The disbursement is payable on .Yunulry m to &rehomm of r:cord 'me mmum of the company were highly gratified that business war- ranted paynient of a 2 per cent return at this time. It is not a semi-annual 'p‘l:ymem. nn.hmn.h it so happens that e company paid the same amount six ] mum.m :fik stated that the manage mnt has been much pleased with tl business done during the present year, mlly in Tm o( the depressed con- prevailing ' all over the country, ‘While the cos tion still has “frozen” als feel that they have no cause for complaint, . The compeny's preferred stock has been listed on th: -Washington Stock for several years, and is -my 1d in this city. It was quoted today at 5 bid and 5% asked. Today's Trading on Exchange. Bonds were guite active on th: Wash- ington Stock ‘Exchange today, the is- sues, chm:‘l;:nds being Washington Gas, Wi Ral and Electrie, mfl%lfll dy. hmd- Pnu- Small-lot sales in Mergenthaler were mlncn* in the stock division, 88Y; tation. Washington Rail- ‘way and preferred came out at 98%; and Potomac Electric 51 per cent preferred scld at. 107%. Fitty shares of Federal- American Co. common came out at 20% and 10 shares of Real Estat: Mortgage & In- Jestanent ‘preferred changed hands at It was announced that the directors of Emerson’s Bromo Seltzer have de- and B stocks, payable Jeouary 2 to nection with the next dividend pay- ment. Mount Vernon Votes Bonus. ‘The directors of the Mount Vernon Savings Bank yesterday declared the annual 5 per unc bonus for all officers lnd employes of the bank, the Christ- isbursement being based on an- I\Illl laries. This action carries out the bank’s policy of several years’ dura- n. John M. Riordon, vice president of the Bank ofsCommerce & Savings, has furnished the District Bankers’ Associa- tion with information which he ob- e h'rznainn( ;ev:{]-l lmporlwnt l'e-l e rul y the general counsel "Bl ¥ Association. inkers’ R P. Andrews, president of the R. P. Andrews Paper Co. of this city, has ", announced adoption of a co-operative retirement program as another step|. toward completion of the company’s in- dustrial relations plan. Approximately $100,000 of group life insurance is now in force on these, and with the in- sured annuities they are now protected All employes actively r 31, date the plan is ligible to participate A good year for the lu'omoblle tlr: industry in 1931 is forseen by G. P. Murphy & Co. The outlook b!ucd on the statistical position of the in- dustry is considered favorable, for three reasons, the bility of increased production and of wider margins of prvflu and the improbability of inven- tory losses. Par Value Reduced. At a special meeting of the stock: holders of Woodward & Lothrop ye terday, it was voted to change the common stock from the present issue of 25,000 shares of the par value of $100 each to 250,000 shares of the par value of $10 each. No change war made in the nt structure of the or in the eapitaliza- ition. The capitali. 500,00 and represents 20,000 shares of preferred at $100 each hfi-‘), shares of common at $100 each. -1 Vil Al RAW SILK FUTURES, NEW YORK, Decfmber 4 (Speclal).— ‘The better tone of raw silk futures at the close yesterday helped the market today, with quotations about steady. m .umnue markets reported sharper than expected, with Yoko- hnmupl!aupnmuundxchel to 9 higher. Dealer interests and com- 4. ln-lon house npvnwrs were good buy- ers while upmrn interests were selling. erests, trade operators aj local eflh\lh also a) nrefl on the selling side. One transferable notice was issued. Chrysler Shipments. 2314 3% Advance Rumley.... Air Reduction (t4%) Alr Way Ei Ap (1%) Ajax Rubber Alnaska Juneau Alleghenv Corp. Allez Cp $30 ww 534 Allied Ch & Dye(n6). Allied Ch & D of (7). Allis Chalmers (3) Alpha Port Cmt (2 Amerada Corp (2) Am Agricul Crem... Am Agricul Ch pf. Am Beet Sugar.. Am Br Shoe (2 40) Am Brown Bov Elec. Am Can (+5)..00ue Am Can pf (T), Am Car & Fdy (6)... Am Chicle (t8).., Am (om Alcohol Am Euronenn Secur. Am & For Power Am & For Pw of (6). Am & For Pow 24 pf. Am Hawaflan (a10), Am Hide & Leath pf. Am lce (t4).... Am Locomotive (2).. Am Locomot pf (7)., Am Ma & Fy (11.65). AmAach & Metals. . Am Metals&Min (1) Am Nar Gas pf (1) Am Power & Lt (r1). Am Pow & L1 of (6). Am Rad&Std s.nu) Am Republies. . Am Roll Mill (n2) .. ¢ Am Safety Razor (5) Am Seating Am Shipbuliding (5) Am Sm & Ref (4). Am Sm&R 2d pf ). Am Sm & Ref nf (1), Am Snuft (13%). & Am Solv & Chem Ani Solv & Chem p! Am Steel Fdy (3). Am Stores (1215). Am Suma'ra Tob Am Tel & Tel (9) Am Tohaceo (5). Am Tobaeco B (). Am Type Fdy pf (7). Am Water Wks (n1). Am Woolen, ... ... Am Woolen nf. Am Writg Paper pf.. Am Zine Lead & Sm. Anaconda Cop (234). Anchor Cap (2 40)... Archer-Dan-M (2).. Armour of Del pf (7) % Armonr of 111 tA)... Armour of Il (B Asso Appl Ind 14), Asso D1y G (2%). Asso Oi1 (2). Atch To & 8 Fe (10). Ateh To 8 8 F pf o). Atl Coast Line {10). A AtIGUIT & W 1 (3) At Refining (12). Atlas Powder (4) Atlas Stores (n1) Auburn Auto (J4). Austin Nichols...... Autosales. .. Aviation Corp t Del Baldwin Loco (1%). Baldwin Loco pf (') llOI Barnsdall A (2)..... Bayuk Cig 18t pf (7) Beatrice Cream (4).. " Belding-Hemingway Bel N Ry pt pf 5.51. Bendix Aviation (1). Best & Go«2).. Bkiyn Union Gas ll) Bruns-Balk-Col. Bush T Bldg of (7) Butte Superior. Butterick Co Byers (A M). Byers (A M) pf @ 100l Calif Packing (4).... Callahan Zinc & Ld. Calumet & Arizona. Calumet & Hecla. Bamberger pf (6 Campbell Wyant (2) Canada Dry G A (6). Can Pac new uu) Cannon M1lls (1.6 Capital Admin u) Case (J 1) «8) Caterpillar Trao(14) 8 1%. Gent Rivor NI 2. Century Rib Mills. .. Cerro de Pasco (4) Certain-teed Prod. .. Checker Cab 14.20)., Ches & Ohio (2% )... Chesapeake Corp (3) Chic & Alton . Chic & Alton pf. Chic Great Wes Chicago Great Chie Mil St P & Pac. Chic il St P& P pf. Chi & )\orlhwn1l‘) City lee & F pt ll%) Cluett Peabody (3). . Cluett-Peabdy pf (7) Coca-Cola (6)..e.eee Colgate-Pal-P (234). Colonial Beacon. .... Col Fuel & Iron (1).. Col Gas & El (2). Co! Gas & El pf A (6) Col G & El pf B (5). Colum Graph (a% ), . Columblan Carb « 80). Comm Solvents (31) Comwlth & So (60¢). Comwlth l So ot «6) Clllrl “). 18t 3% A% 103% 104% 10104 %o % 6% 6% M % 56 59 201% 204% 124 38 ~ 161 21% 214 22% 3% 85% % 105 VI8 114% 116% 116% 149 149 149 1484 7% 37 375 40 394 4014 11% 25 » Y B - e T o L L L= 1 3 39 39 524 50% 99 99 9 131% 131% mu. 1311 29 8% 38k 37w A% 8% 3% 6% 6% 30 40 98, 1847, 188% 104% 106% 107% 109 106 59% 7 BfmwanSaal » - - - @3 P e B A 0 B O 30 20 o o 9 1843 1871 106% 1061 120% 120% 42% 44 21% 54U 2 4 51 3 100% 100% % T4 57 57 110 110% 1 1% 10 308 1 1 1 1n 2 119% 119% 26 27 8215 23 69% 105% 105% 110 109w 1% 1 10 10% 43 44u 106% 106% 51% 4 . 208 2 5 B 42% 42% 19% 19% 9% 9% 10 110 106k - 1% 12 60 48 1 508 1 208 10 10 ‘6 104' 104% % 9204 92% 3 4 Consol Cig pr of 6% . 360. Consol Film «2)... Consol Film pf (2) Consol Gas N ¥ (4) Cons Gas N Y of (l)- Coneol Textli Container A (1.20) Container B . Contl Baking A Contl Baking B Contl Baking p! Contl Can (2%). Contl Dia Fibre ( ty Ine Crof Wheat (1234).. Crosley Radfo., . 88K Cudahy Packing 2% Curtiss Wright Corp. 4% Curtiss Wr Corp A, 8% 19 147U 147% 11 10% 28 28% % 6% 6% 6 105 105 1% 1% 5 5 4% 4% 36 36 (11.20) Drue Corporat (4). Dunhill Int (1). Du Pont de N 114 70) Du P de N deb pf (6) Duques Lt 15t nf (5), Durham Hostery pf. Eastman Kodak (18) Eaton Axle & 8 (3) Elee Auto Lite (6. 4 Electric Boat. 4 El Pow & Lt ( El Pow & Lt pf El smru- Bat (5). nge Buf (1%). 101 Fairbnks Morse 1.60. 1 Fashion ParkAs pf..200s *ed Motor Tr (80c).. Fed Wat Sve A 2.40... Fid Ph Fire In (2.60) Firestone T& R (1). Firest T& R pf (8) Nat Strs (2% Fox Film (A) (4) Freeport Tex (+5). 4 Fuller pr of (17.94), 50s Gabriel Co (A). Gamewell Co (5). Gardner Motor. Gen Am Investor: Gen Am Inv pf (6 n Am T'k Car ( % Gen Bronze. Gen Cable Gen Cigar (4)....,, Gen Electric ( Gen Elec spec (60c). Gen Focd Cor Gen Gas&E) A (e30¢) Gen G & El cv pf «8), Gen G & E1pf A (8), Gen ital [£d (22.62).. Gen Mills (3). Gen Motors (13.30) Gen Motors pf (5r. Gen Outdoor Adv. 4 Gen Pub Sve b6 % stk. Gen Ry Signal (5). Gen Realty & Ut} Gen R & Ut pf (e6 Gen Refract (14% Gen Thestre Equip. . Gillette Saf Raz (4). 4 Gillette Saf R pf (5). Gimbe Glidden Co (1. Glidden pr pf (7)., Gobel (Adolf) % Gold Dust (234) Goodrich (B F) Goodyear Tire (5). Goodyear 1st nf (7).. Gotham Silk Hoslery ‘Gotham pf xw (7) Graham-Pal Granby Consol (2).. Grand Silv Strs(h1). G G Gr West Sug pf (1).. Grigsby Grunow... Hahn Dept Stores Hall (WF) Pr Co (2). Har Wk Ref (12%) Hartman Corp (B).. Hercules Mot (1.80). Hercules Pow pf (7 tlershey Choc (5) Hersh Choe pf (16 Holind Furnace 1% . Howe Sound (14%).. Hud&Man Ry (3.60). Hudson Man pt (5).. Hupp Motors. Iliinots Central (7) Indian Refining Ingersoll Rand Insurance Sh (45¢) Ins ctfs (Md) (60¢) .. Interboro Rap Tran. Intercont Rubbe; Interlake iron (1) Int Agricuitural Intl Bus Mach (n) Intl Carriers (25e).. Int] Cement (4).... Intl Combustion Int Comb Eng pf. Intl Harvester (2%). Int Harvester pf (7). Irit] Hydro El A (e2). Intl Match pf (4).... Intl Nick of Can (1).. Intl Paper pf (7). . Intl Paper & Pwr A.. Intl Pap & P pf (1) Int Print Ink pf (8). Intl Rys Cent Amer. 100s Intl Salt (3).. . 2 Intl Silver (4) intl Tel & Tel (2) Inter Dept Strs (2).. Int Dpt 8t pf xw (7). 10- Investors Equity (2) o Island Cr Coal (4) 1 Jewel Tea (15). Johns-Manvilie Johns-Manv pf (7).. 10s 4 Jones&Laugh ot (7).190s 4 Mack Trucks (4). Jordan Motor Car Kans City Sou (5) Kans City Sou ptf (4) Karstadt (R) (1.03)., Kayser Jullus (2%). Kelly-Spring Tire... Kelly-8pring 8% of.. 10 Kelsey Hayes (2)... 2 Kelvinator Corp Kend Co pf (16.37; Kennecott Copper (2) Kolster Radlo Kresge (SS) Ce Kre=s (SH) Co (p1) . Kreug & Toll (1.60).. Krog Gr & Bak (n1).. Lambert Co (8 Lehigh Port Cmt (1)’ Lehigh Valley Coal., sanne - H Lehn & Fink ¢3). Libbey O Ford Gl Lig & Myers B (15 Liqutd C-rhomu “) Loew' BHHeOEN®L®n NARBNAIRKETA GRS Wiles (12. !0). ard (P) Co.... Louisiana Ofl. . LouG & B (A) (1%) Louts & Nash (7). Ludlum St pf (6%) McCall Corp (2%)... Mckeespt Tin PL(16) McKesson & Hob (1) McKes & R pf (3%). McLellan Stores. ... Macy & Co (n13 Magma Coj per (3 Mallison & Co Man Elev mod g 4 Manhat Elev gtd (7). Manati Sugar pf.... Marine Mid (1.20)... Market St Ry.. Marmon Motor Car. Marshall Fleld (2%4) Mathieson Alkalf (2) May Dept Strs (n2).. Maytag Co 1st pf (6) Meiville Snoe (2). Mengel Co (2).. Mexican Eeaboard Miami Coppe Michigan St nht%) . Mid-Cont Pet (2) Midland Steel Minn Moline Pow. Mo Kan & Tex (3) B ] (Continued on Page 14.) i1 can. There is supposed to be a large | short interest in both. The food stocks | Potatoes, 83 cars: on track, 284; e msah 26,. tion—Rails Sag. BY GEORGE T. HUGHES. Special Dispatch to The " NEW YORK, December 4.—Fresh attempts to0 depress the stock market | po today met with only temporary and corj small volume, with nothing but sporadic liquidation, and that principally in the railroad shares, ‘Weakness at the close on Wednesday persuaded professional cperators for the decline that the market was ripe for reaction and accordingiy they offered stocks rather freely at the start today. | Aut Special Disptch to The Star. NEW YORK, December Advy ing, publish by Important Groups. porate bond and foreign c orporate bond interest totaling $163,055,393 will paid in December, according to the tics Co. partial success. Trading remained in | iy S e o N o O redemptions and calls for these classes will tctal $110,360,173 for the month. Detailed figures follow Calls, dempiio and ma- turities. $1,079.000 1,271,240 Interest. eciising. | print- ng. .. os and parts First quotations were almost uniformiy | Auto, tires. Building, re; lower and for an hour or two the mar- | Chemicals .. al . ket sagged. Losses in the rails were | Coal larger than in the industrials, but both | $oPReT classes were under mild pressure, Carrier Stocks Decline. Amcng new lows in the carrier group were those in St. Louis-San Francisco, | Mis Nickel Plate, St. Paul preferred and Lackawanna. Earnings of Lackawanna are runnirg, according to the latest cal- culations, at an annuel rate of less than $4 a sha'e, so that it would seem the extra $1 paid in recert years was none |& too safe, to sey ncthing of the regular $6 disbursement. At any rate, the stock showed poor recuperative power, 8t. Louis-San Francisco has just paid its $1 quarterly rate, but here, too, the ma: ket is in doubt as to the continuance of payments at the present level. selling in the St. Pzul issue looked like | Fore recording losses for income tax purposes. “Atchison was down 2 or 3 points in the early trading. = Better resistance was offered by Union Pacific and Chesapeake & Ohio. Declines in leading industrials during Investment Every coun animals, and i animals ucually answer. trust; cellaneo: Petroleum ‘and ‘telesrapl h The | “and b n eign "Totals has its own calls for is to these alone that the forenoon were confined to fractions for the most part. United States Steel met !n& support just below the pre- vious cldse and the same was true of Westinghouse apd General Electric. Afr Reduction and ABied Chemical had set- rl:ck.s!‘ but.‘m:dtiflpnnlnl Tecovery. Of e importani ues General M made the best showing. ot Other Changes, Special weakness appeared in Canada Dry Ginger Ale, wher‘; the selling was due to doubts about the $5 dividend. Canada Dry is in a strong financial position, but the margin in earnings lbovc dividend requirements is not large. It would seem that a reduction had been well counted in the price of the stock. , Inc., was another stock to sell off 2 or 3 points, for some reason that did not appear on the surface. The utilities ranged lower with the rest of the list, notably American Tele- phone & Telegraph and North Ameri- ::re firm under the leadership of Bor- en Co. New Low Reached. Led by the rails, today’s early mar- ket dropped into new low ground on the movement. Once again, it was railroad earnings thtdpmved the basic argument for the liquidation. New lows were common in this section of the market. St. Paul preferred at 10%, Delaware, Lacka- wanna & Western at 85'; ; Nickel Plate at 8012 and Frisco at 59, alt were at new bottoms and cne-half to a point under Wednesday'’s close. nce of the rails had more sedate declines. Money renewed unchanged at 2 per cent. Trading during the first half hour amounted to 200,500 shares, against 164,000 Wednesday. United States Stecl acted well. After a_lower opening it dropped nearly & point, but then made a partial recov- ery to 145%. Active favorites, such as Vanadium, Amcrlun Can, Allied Chem- , Fox, Warner Bros., General Elec- tric, Westinghouse. Radip, Montgom- ery Ward, Unjon Carbide and United States Rubber drepped fractionally to over two points. General Motors led the motor group downward. American Telephone at 186% and North American at 70% were weak utilities. Oils, mining stocks and speclllllu followed suit. il NEW SECURITIES NEW YORK, December 4 (#).—New securities offered today include: Federal Intermediate Credit Bank $15,000,000 3 per cent debentures, dated December 15, 1930, and due in 6, 9, 10, 11 and 11 munths. by Charles R. Dunn, agent. . POTATO MARKET. ‘CHICAGO, Deu‘h!r 4'(P) (Unied States Department "of Agriculture) total United States shipments, 647; dull, trading light; sacked per cwt. Wiscon- sin round whites, 1.35a1.45; few, 1.55: 1.60; Minnesota round whites, 1.25a1.40; Idaho Russets No. 1, 1.70a1.85; No. 2, 1.25a1.30; poor, 1. 10ai.20; Colorado Me- Cures, 1.351.80, according to condition. A WORKING PLAN To— SAFEGUARD Money to Loan Secuged by firet deed ot 1 uged by rost on "-:L estate. REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD You'll be favorably _impressed with the Shoreham Building HEN you come to plan_occu- pancy of a selected room or suite in The Shorcham Buildin g, you'll be agreeably surprised at the prac- tical plan—with the roominess—the flood of daylight and air— the splendid finish; the features of su- perigg, service—main- tained’ efficiently un- der tht watchful superintendent. All factors in conveni- ence and comfort— that rate The Shore- ham Building as one of the outstanding office buildings of the ‘country. Let_us show you available space. MSKEEVER & GOSS Representative of the Owners SHOREHAM INVESTMENT COMPANY Rental Office, Room 520 15th at H National 5643 & BUILD ~ YOUR INVESTMENT - FUND In #imes of doubt and uncertainty like the present, the wise security holder is managin with a well defined plan of action. g his investment portfolio Bl poveh g Diversified Trustee Shares “C” —yot will' have ownership: in 50 of the conntry's: leading corporations. These “shares in America" offer a better-than~ average income, and, over a period of years, enhancement of principal. SOLDIN— 5—10—15—25—50—100" Share Lots Price per Share About $7 WAassaman, Brawner & CO. INCORPORATED Investment Bankers 1700 Eye St. NW. * - Me. 3860 Please send me full details, without any nbhganon to me, qn DIVERSIFIED TRUSTEE SHARE! Name ... Address S. tions for the purchase of certain assets of Pathe Exchange, Inc., by the Radio- Keith-Orpheum Corporation were re- o ported yesterday as nearing completion. Officers of Radio-Keith-Orpheum de- clined to comment on a rumor that its directors had approved the purchase of the assets for $5,000,000. Reports of the proposed deal have been current in Wall Street more than a year. The close relationship existing between the two companies was shown by the exhibition in the Radio-Keith- Orpheum chain of theaters of Pathe productions, including features, short subjects lnd mwsmln Co would retain its identity u roducer, while the ex- changes of two companies would be merged, according to reports. Pathe would retain also its 49 per cent inter- Three per cent rentes, 87 francs 25 3 centimes. Five per cent loan, 101 francs 10 _centimes. Exchange on London, 123 francs 56 centimes. The dollar was quoted at 25 franes 44!4 centimes. THE TREW MOTOI 1500 1ith Si. N.W. First Mortgage Loans On improved Real Estate in the District of Columbia and mearby Maryland and Virginia for 3, b or 10 year terms on your L 5146 Office Building Business Property RANDALL H. WIAGNER & COMPANY MORTGAGE LOAN CORRESPONDENT New York Life Insurance Company 1321 Connecticut Ave. MEMBERS of Congress —and others taking up abodes in Washington are cordially invited to establish relations with The Metropolitan—The OLDEST National Bank in the District lumbia. of Co- Qne hundred and sixteen years of satisfactory service constitutes one of our claims on your consideration, National Metropolltan Bank 15th St., Opposite U. S. Trmury % 1814—Oldest National Bank in PROPERTY Apartment House the District of columbll—flfl MANAGEMENT MANAGEMENT STEAD ' of ' penalizing yourself with the multitude of worries in connection with the management of your apartment house properties— our experienced service will assume them all—not only to your relief, but to your profit. The fee for this service is merely nominal compared with the advantages. % B. F. SAUL CO. 925 15th St. N. M ORTGAG Nat'l 2100 E LOANS Resolutions on - the Margin NE bad habit marred the life of Plerre’ Fermat, great 17th century mathemati. clan — he kept no record of his work. Hasty notes on scraps of paper served him — and so his most brilliant theorem re- mained unsolved today — the answer written on the margin of a book which was lost. ‘Thousands of human beings resemble Fermat in one respect — they make hasty resolvgs to invest a portion of their salary in some sound security...but the resolution gets lost in the shuffle of unplanned expenses. Those who plan for the future make a permanent record of salary and expenses — and set aside a certain portion for investment in a seourity they KNOW will slways pay them 'a steady return, despite stock market depressions — 8 security such as the 6% First Mortgage Notes sold through Swartzell, Rheem: & Hensey Company. For more than 61 years, these Notes have paid every investor & steady, assured return - 'with principal always exactly. at par. s\vmz:u. - RHEEM & HENSEY Co.