Evening Star Newspaper, December 12, 1930, Page 13

<D.C. INSTITUTIONS DECLARE DIVIDENDS Bonuses Also Voted by Sev- eral Concerns—Thorpe Joins Traction Board. BY EDWARD C. STONE. Dividends of special local interest are coming thick and fast these days. | Better still, practically all the financial institutions of Washington ar: ‘main- taining the same rates that prevailed before by ‘panies, liberal bonuses voted for employes. R the l.fi; m;z:- of the directors 3 | g;‘the Continental Trust Co., a dividend of 11 per cent was declared which is payable December 31, to stockholders of record on December 26. Directors of the Security Savings & Commercial Bank have declared the regular quarterly dividend of 4 per -cent, also an extra dividend of 1 p:r cent, both payable December 31, to stock»‘ holders of reco’;d as of the close of: iness December 26. | T the ‘samme me:iing it was voted to v all the officers and employes of | E& bank additional compensation of 5 cent of their annual salaries, this| :irn[ in line with Christmas bonus | action already taken by scveral other local banks. Merle Thorpe. Other Local Dividends, The Real Estate Morigage & Guar- anty Co! tion has declared the semi- annual mend of 4 cent on the ferred stock, payable December 31, stock of record December 20. The Real Estate Title & Insurance ©Co. has declared the,usual semi-annual dividend of 3 per cent and the usual BY‘! dividend of 2 per cent, the 5 per; cenl? disbursement being payable on December 31 to stockholders of record on that date. Anotheg.mv\dend Just voted was de- clared by the directors of the National etropolitan Bank—an extra disburse- ok oF rosord. Besamber . . | stock of recol 3 e of the Federal-Americap Co. yesterday declared the regular divi- dend of $1.50 a share on the preferred regular dividend of 30 cents 8| ral Baking ration a dividend nlb;l.') Juntl mzu::) preferred stock, payable January stock of record December 18. Bromo Seltzer Dividends Voted. At & meeting of the board of di- of Emerson's Bromo Seltzer, Inc., held recently, the regular quarter- dividend of 50 cents per share was lared on the preferred, Class “A” common and Class “B” common, pay- able January 2, 1931, to stockholders of record at the close of business Decem- ber 15th._ 5 - ‘The Class “A” stock of this corpora- tion is listed on the Washington, Bal- timore and New York Curb Exchanges. issue was brought out in October, 1929, the Cednuxryw Trust Company and Waggaman, Brawner & Co., Inc., gctdm cg.ly‘ the latter be- ‘The Southern Railway yesterday de- clared the regular final mrw-ly divi- dend of $2 a share for year and in addition a dividend of $2 for the first of 1931 and another of $1.65 for the second quarter of 1931. This action was in conformity with the Tecent statement of Fairfax Harrison, that the road had devised a to maintain dividend disburse- at the current rates in 1930 and of 1831. A provision y’s charter as to the dec- caused uncertainty as to the company’s d!vl-i juarterly u?:vldz;m of on the preferred, e January 15 to stock of record ber 26. Thorpe Joins Board. Merle Thorpe, editor of the Nation's Business, has assumed his place on the board of the Capital Traction Co., to which he was elected at yesterday's meeting. He is a director in the Na- | tional Metropolitan Bank and many other business corporations. Pifteen members of the Baltimore Conference of Bank Auditors and Con- trollers Plntd with 35 members of the section of the District Bank- ers’ Association at a dinner meeting at the National Press Club last night. guest speaker of the evening was L. K. Sunderlin, cm;l; (Ltmbhe rules and regulations section income tax unit of the Bureau of Internal Revenue, who took for his subject “Problems in the Preparation of Bank Returns.” Ralph Endicott, assistant treasurer of the Washington Loan & Trust Co., who s chairman of the section, presided and conducted a forum discussion of the speaker’s subject, in which several local and Baltimore bankers participated. New Bank Stock on Exchange. ‘The new Federal-American National Sank & Trust Co. stock made its ap- Ppearance on the Washington Stock Ex- change for the first time today. The | old Federal-American National Bank #tock and the Merchants’ Bank & Trust | ©o. stock were stricken from the list, as the final step in connection with the Fecent merger of these two banks. ‘The new stock has a par value of | per share. The bid of 53 on the | excl today is equivalent to | 366 for the old Federal-American stock | &hd 108 for the old Merchants Bank | stock. The market closed with 53 bid | aad 63 asked. % Thirty shares of American Seeurity & Trust Co. sold at 355. Peoples Drug | moved at 99, Mergenthaler ex dividend 87%2 and two shares of Capital Trac- changed hands ex dividend at 46!>. 2, Heard in Financial District. Rlarthur Foraker, secretary of the Ticker Club, announces it E. A. Pierce & Co., has joined the | tion, the firm being represeat- by Joseph H. Himes, a partner, and | G. Rau, manager of the local . Practically every brokerage in the city now belongs to the | The aim of the club is mutual tion of the members, it being or- about a year ago. iovember sales of the Great Atlantic §, Pacific Tea Co. declined $3,893414 November of last year to 379,~ 446. les for the first 11 months year totaled $980,949,625, an in- ' of $40,295,201 over sales for the ding period of 1929. Note—All stocks are sold in Tl kvuNING W YORK SUAR, WASHIN STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. hundred-share lots' one excepting those designated by the letter s (80s) (2508) which shows those stocks to be sold Indivilual sales complled to 12:00—complete in 5:30 Edition. —Prev 1930~ T, tow 8% 36 Stock and Dividend Rate. Abitib! Pow & Paper Bares— 9% 9% 9% 40 40 16% 221 98% Afrway EL Ap (60c). MW Alaska Juneau(40¢). Allegheny Corp Allied Ch & Dy Allis Chalmers (3). Alpha Port Cmt (3) Amerada Corp (2) Am Agricul Ch pt, Am Beet Sugar. Am Can (15). Am Car & Fdy Am Chicle (13). Am Colortype ( Am Com Aicohol. Am Encaustie (1) Am European Secur. ¢ Am & For Power. ... Am & For Pow 24 pf. Am Hawailan (210). Am Home Pr (4.20).. Am Internatl (2). Am La Fr & Foamite Am Locomotive (2). Am Ma & Fy (11.66). AmbMach & Metals. . Am Metals&Min (1) Am Nat Gas pf (7). Am News (1t4)..... Am Power & Lt (r1). Am Pow & Lt Dt (6). Am Rad&Std Sanc1) 10 Am Rad & § § pf (7). B0s Am Republics. ... 5 Am Roll Mill (n3)... 8 Am Shipbutlding (6) 108 Am Sm & Ref (4)... 81 AmSm&R 2d pf (6). 8 Am Sm & Reg pf (7). 1 Am Snuff (18%)..00 1 Am Soiv& Chem .. 1 Am Solv & Chem pf.. 8 Am Steel Fdy (3). Am Stores (12%). .. Am Sugar Ref (6) Am Sumatra Tob. ... Am Tel & Cable (5). Am Tel & Tel (9)... Am Tobaceo (5) Am Tobacco B (5)... 26 Am Tobacco pf (6).. 1 Am Type Fdy pf (7). 108 Am Water Wks (3).. Am Woolen..... ... 7 Am Woolen pt s | Am Zinc Lead & Sm, 1 Anaconda Cop (2%) _245 Anaconda W& C (1)~ 8 Anchor Cap (2.40)... Andes Copper (1)... Archer-Dan-M (3).. Armour of Del'pt (1) Armour of 11l (A)... Armour of Tli (B). .. Armour of Iil pf (1), Arnold Constabl Asso App! Ind (4 A550 DIy G (234). Ass0 DG 2d pf ¢7)... Atch To & S Fe (10). Atch To & S F of (5). Atl Coast Line (110). BUGUILEWI@).. AtGuif & W I pt (6) - = N PN T PN I PN Atlas Stores (n1). Auburn Auto (§4)... Autosales pf........ Aviation Corp of Del 16 Baldwin Loco (1%). 19 Baldwin Loco pf (7). 50s Barnsdall A (2 Bayuk Cigar (3) Bayuk Cig 1st pf Beatrice Cream (4). Belding-Hemingway Bendix Aviation (1 Best & Co (3).. Bethlerem 8 Bethlehem St pf (7 Blaw-Knox (1%). Bohn Alum&Br(1 Borden Co (k3). Borg, Warner (1 Botany Con M (A) Briggs Mfg Co. . Brockway Mot T Brockway Mot pf (1) 10; Bklyn-Man Tr (4)... Bkiyn Union Gas (5) Bruns-Balk-Col. Bruns Ter & R: Bucyrus (1). Selnnaions - CETT Ty A Burns Bros (B) . 4 Burns Bros pt (7 Burr Add Mach (1). Butte Cop & Z (50¢c) B kCo . Calumet & Arizona.. Calumet & Hecla.... Campbell Wyant (2) Canada Dry G A (5). Can Pac new (2%) Cannon Mills (1.60). Capital Admin (A). . Capital Adm A pf (3) Car Clin & Ohio (4).. Car Clin & O sta (6). Cas 8 108 608 € Cavanaugh-Dobbs Celanese Corp. Certain-teed Prod. Checker Cab (1.80) Ches & Oh10 (2%). .. Chic Mil 8t P & Pac. Chic M1l St P & P pf. Chi & Northwn (4) Chic Pneu Tool. . Chic R 1 & Pac (1 % Chi YellowCab (3). . Chickasha Cotton Ofl Chiids Co (2.40). Collins & Afk pf (T Colonial Beacon. Col Fuel & Iron ( Col Gas & E1(2).. Cotum Graph (a% ). Columbian Carb (#6) Comm Credit (2). .., Comm Credit A (3) Comm Cred 18t (6%) Com In Tr (g1.60).. Com Inv Tr war sta. Comm Bolvents (31) Comwith & 8o (60c) . Comwlith & 8o pf «8) Congoleum-Nairn. .. %« Congress Cigars (4). Consol Film (2)..... Consol Film pt (2) Consol Gas N ¥ (4).. Cons Gas N ¥ of «5). Cons RIt Cub f (6). Conwol Textli Contalner A (1.20) Contl Baking A. Cont! Baking B Contl Baking p! Contl Can (33%). Corn Prod pf (7). . 508 Cotv Ine 20! Cream of Wht(t2%) Crosiev Radlo . 11408 Crown WP 1st pf (1) 708 69 Crown Zellerback... 6118 5% Crueible Steel (kb Cruaible Stesl pt in odd lots only. Prev. Add 00. High. Low menul-;- 40 16% 224 ~Prov.1030—~ High. Low 19% 4% Cuban-Amer Sug pf. Cudahy Packing (4). Curtis Publish pf (7) 1 Curtiss Wright Corp 59 Curtiss Wr Corp A.. 14 Cutler-Ham (3%)... Davison Chemical. .. Delaware & Hud (9). Del Lack & Wn (7). Devoe & Ray (1.20). Dia Match ctfs (8) Dome Aines (1)..... Dom Stores ($1.20).. Drur Corporat Dunhill Int (1) Du Pont de N (14.70) Duques Lt 18t pf (5). Eastern Roll Mill Eastman Kodak Eaton Axle & 8 (3) Eiftington-Schild Elec Auto Lite o, [OIR-IPITHOPQUI P3PS TIRUT L PRI TS El Pow & Lt pf (1) El Storage Bat (8 Elk Horn Coal. . . Emerson Brant (A).. Endicott-John (5)... Eng Pub Sv of (534). Eq Offic BIdg (2%4).. ErfeRR . % Erfe RR 24 pf (4)... Evans Auto Loading. Exchange Buf (1%). 40s Fairbanks Co pf. Fairbnks Mo Fash.on Park Fed Motor Tr (80¢).. Federal Screw (1). Firestone T& R (1). Firest T & R pf (6).. First Nat Stre (24). Fisk Rub 1st pf ev. Florsheim Sh A (3).. Foundation Co. . Fourth NAtl Invest, Fox Film (A) (4). Frank Simon pf (7 Freeport Tex (15). Fuller 24 pf (7. Fuller pr ot (17. Gabriel Co (A)...... Gen Elec speo (§0¢). Gen Food Corp ll)..) Gen Motors (13.. Gen Motors pf (5) Gen Outdoor Adv, . Out Adv (A) (4 Print Ink pf (8). Gen Pub Sve b6 % stk Gen Ry 8ignal (5 Gen Realty & Utl] Gen R & Ut pt ( Gen Refract (14%) Gen Theatre Bquip. . Gillette Saf Ras (4). Gillette Saf R pf (5) Gimbel Bro; Gimbel Bros pf ( Glidden Co (1.20) Glidden pr pt (7) % Gob Adolf) Gold Dust (2% Goodrich (B F) Goodyear Tir« . Goodyear 1st nf (7). Gould Copper Graham-Pa Granby Con! . Grand Silv Strs(h1 Grand Unfon. Grand Union Granite City St (3) w 8 nobad Great Western SBugar Grigsby Grunow . phoalenma Guantanamo Sug pf. Hahn Dept Stor Houston Ofl (b10%). Houston O1l (new).. Howe Sound (t4%).. Hud&Man Ry (3.50). Hudson Motors (3).. Hupp Motors. .....e [llinots Central (1).. Ilinois Cen Is In (4) indian Motor Cycle. . Ind MotorCycle pf. sndian Refining Indus Rayon (4).... Ingersoll Rand (16). Inland Steel (4).. Inspiration Copper. Insurance Sh (46¢).. Interboro Rap Tran. Intercont Rubber, Interlake Iron (1) Int Agricul of (7)., Iptl Bus Mach (n§)., Intl Carrier: Intl Cement (4) Intl Combn on Intl H. Int Harvester pf (7). Intl Hydro El A (e2) Int] Match pf (4).... Intl Mer Marine (2). [ntl Nick of Can (1). [ntl Paper pf (7) .. Intl Paper & Pwr A. [ntl Pap & Pow (B). Intl Pap & Pow (C).. Intl Pap & P of (7) Iat Rys Cen A pf (5). Intl Salt (3) Int Sh L Int] Tel & Tel (2)... (nter Dept Strs (3).. Int Dpt 8t pf xw (7). IntertypeCorp (2)... [ovestors Equity (2) [sland Cr Coal (4)... Jewe!l Tea (15). John 38 Johns-Manv pf (7)..810s Kans City Sou (5)... Kans City Sou pf (4) Kaufmann DS (1%) Kayser Jullus (33%). Kelly-Spring Tire. .. Kelly-Spring 8% pf. 120 Kelsey Hayes (2)... 1 Kelvinator Corp .. Kennecott Copper(2) Kinney (GR) of (8). Kolster Radlo. . Kolster Radlo ctfs. K S8) Co 1.60. LTSI =P o - pomS |SET Lehigh Valley Coal.. Leh Val Coal pf (3). Lehman Corp (3). Lehn & Fink 3).... Libbey O Ford Gl Lig & Myers B (16 Lima Locomotive. ... Liquid Carbonie (4) . ll::)“ t (2. 3% | among ' the stocks to benefit by an | 0% | representing 8% | H. Morris. Other officers elected were: STOCKS ARE FIRM [CARR CHOSEN HEAD | IN QUIET TRADING Market Makes Moderate Re- covery, but Somé Groups Are Weak. BY GEORGE T. HUGHES. Spectal Dispatch to The Star. NEW YORK, December 12—With a lifting of the pressure that depressed Thursday's market, stocks today as a whole made moderate recovery, but on reduced volume. There were spots and weak grou) but the industrial leadess were well supported and ranged higher. - Nervousness over banking de- ve?ovmenta seemed to have disaj 3 Openin Pflc“ were higher, and the list malntn ned a steady tone through- out the forenoon. United States Stcel furnished leadership, selling up some 2 points sndh hhold!nl the wgmeg; Whether {] ‘was sxecl whether it was outside buying, the ef- fect was the same in improving senti- ment. American Can, General Electric, ‘Westinghouse and General Motors were all firm. Coppers and Oils Weak. The two weak spots were the coppers and the ofls. The copper statistics made public over night were interpreted un- favorably and Anaconda sold off to a new low, with Kennecott at approxi mately the old low. There was nothing new in the ofl situation but these stocks were depressed, with new lows for Standard Ofl of California, Barnsdall and General Asphalt. Income state- ments at the end of the year are sure to make unplgasant reading for share- holders, but the outlook was no worse than it has been for ong time. The rally in the rails was hesitant. Advances brought in fresh offerings and the result was an irregular movement. Still, the group as a whole did better. Chicago & Northwestern was up & couple of points and lesser gains were made by 8t. Louis-S8an Francisco, Lack- awanna and Baltimore & Ohlo. New :l’grnt Central and Atchison were reac- yed & 3 t, Carbide, Afr Reduction, Manville and National Biscult v':‘r’: sort of buying. Utilities were strong in the first hour and then sold off again. Gains were made in American & Foreign Power, in American Water ‘Works and in American Telephone. All this was accomplished, however, on a small turnover. Neither side was anxious to take the initiative. Profes- sional operators for the decline wished to see how far the rally would go and how well the market would hold before making new commitments. Although there was considerable short covering, the outstanding short interest remained large. It will take tangible evidence of trade betterment to turn the market about, and that is yet to come. The best that could be about today's session was that condi- tions in business were being appraised without the demoralizing influences of ‘Thursday, when the Bank of United States closed its doors. Money renewed at 2 per cent and was firm at that rate. In the outside mar- called during the morning. Opening Is Higher, Evidence of restored confidence was seen in the brisk rally in early trading. The nervousness over the banking troubles had disappeared and buying orders for both accounts predominated. The leader on the recovery was United States Steel, which crossed 141, up over & point, with similar gains in American Can and in American Telephone & Telegraph. All of these stocks had been heavily sold earlier in the week, all xll:d & large short Interest outstanding ahd Steel had been loaning at & premium. Short covering likewise advanced quo- tations for stocks such as United Fruit, Union Carbide & Carbon, Johns-Man- ville and National Biscuit. The rails made a more modest re- sponse to the better feelin, But most of the changes were upward. Only in the ofls was there any real weakness. General Asphalt and Barnsdall made new lows. Sinclair duplicated its pre- viheo‘ul low and others in the group were vy. The turnover in the first half hour was 247,300 shares. Money renewed at 2 per cent. MARKET IS FACING NEW TEST OF LOWS! All Three Groups of Becurities Have Hit Bottom for y the Year. Spectal Dispatch to The Btar. NEW YORK, December 12.—The stock market is now definitely in lower | ground than it has been at any time this year. All of the three groups have broken through their November bot- toms, though not enough so to consti- serious technical dl.udvlnu&; erage, however, does test courage d ‘faith of those who have believed that there would be sufficient resistance around the low points to pre- vent a break through them. A few of the leaders have man: l to hold above their previous lows, but the margin is too narrow to be com- fortable. In other periods of market de cline, such as July, October and vember, when previous bottoms had been reached, there were s rallies. ‘The market, for instance, held nearly a month above the November range. Inasmuch as a considerable amount of the liquidation that has been going on the past two weeks is now recognized as having had a relation to the failure of the Bank of the United States, it is felt that, with this situation out of wi year will have to deal with offerings operations for tax pur- poses rather than for distressed account. RIGGS BANK CLUB HEADED BY MISS ESTHER LAU Miss Esther R. Lau, secretary to Vice President and Cashier George O. Vass, was elected president of the Riggs Bank Club, a social organization, at the re- cent annual meeting, succeeding George Willilam Brooks, first vice president; Mrs. Elsie W. Boteler, second vice pres- ident; Miss Mildred Arche: | Sackes Irelan, treas elected to the Executive Com- mittee are: Mrs. Lillian Bean, Andrew Dent, P-{hn Fletcher, Howard Mas- sey, Charles Strahorn and the following ' representatives of the bank's branches L. W. Pendleton, jr, Dupont Oircle; Kenneth el k rs. road; M e Wolfe, Seventh .:n I streets 53 47 Mummufimma —— OF MORTGAGE FIRM =3 Real Estate Man Takes Place of L. E. Breuninger, Who Declined Re-Election. Arthur Carr, vice president of the Real Estate Mortgage Corporation, has been elected president, succeeding L. E. Breuninger, who de- clared that pressure of other business Eflenud him from continuing longer office. S Mr.. Breuninger, one of the founders of the Real Estate Mo e & Guar- anty Corporation, and its first and only president, stated that the work of the corporation had grown to the point that it required more time than he could possibly devote to the iza- tion. He stated that he des! to be relieved of the 'Pruldency of the com- pany, to take effect January 1, 1931, so that he could give more attention and time to other business with which he 18 conn The directors expressed their appre- ciation of Mr. Breuninger's service in connection with the building up of the Telghation Wik Chnsiieratig e, uis resigna siderable an :l::nbl:,n:gsly elecc&l; him. chatrman of e board. New Head Realty Expert. An election to fill the vacancy cre- ated by the resignation of President Breuninger resulted in the unanimous cholce of Arthur Carr, one of the vice ' idents of the corporation. Mr. Carr well and favorably known in the ity s a realtor, builder and appraiser. Mr. Oarr_was recently elected president of the Real Estate Board. At present he is a director of the Board of Trade, having held this posi- tion since 1921. Other affiliations ar Assistant real estate appraiser of the American Security & Trust Co. local assistant appraiser for the New York Life Insurance Co. local assistant ap- praiser for the Prudential Life Insur- ance Co, member of board and ap- praiser of Perpetual Buil Assocla- tion for 19 years, ending 1923; member Yol entte’ appritser Tor Deommins 5t for t o Justice for blocks in triangle for Fed- eral bullulng. on board of managers of Mutual Insurance Co., also a former treasurer; director and ppraise; of the Acacia Mutual Life Insurance Co. Company in New Home. The Real Estate Mortgage & Guar- anty Corporation is now located in its own building, at 1610 K street north- west. The ice is equipped with mod- ern nxn’xnr;n, ‘wgdul-;,( to the expeditious of business and bettering of service to clients. e At the meeting of the directors a semi-annual dividend of 4 per cent was declared on the preferred stocketo own- ers of record as of December 20, 1930, payable December 31. BROKER LOAN TOTAL AT NEW LOW MARK ere | Drop of $12,000,000 During Week Puts Total at $2,099,000,000. umm-nlehhno tar. . YORK, December 13.—The weekly statement of the Federal 11;:— serve on brokers' loans showed a de- crease for the eleventh successive week, amounting to $12,000,000, total down to $2,099,000,000 for the Week ended December 10 and to a new }ow record lt:ce" b"?ntum of the oans began . com) with tfl 1,000,000 a week ago “du.!:: 425,000,000 'a year ago. Loans for own account were $1,269,- 000,000, against $1,296,000,000 in the Banks were"$405,000,000, soromsres ohn were ,000,000, compared $373,000,000 last week, and loans for account of others were $430,000,000, contrasted with $442,000,000 a week ago, Of the total of brokers' loans, demand loans made up $1,551,000,000, compared with $1,557,000,000 last week, and time loans were $547,000,000, compared with $554,000,000 a week ago. The New York Federal Reserve district redis- count rate, which is 214 per cent, re- mains unchanged. NEW SECURITIES: NEW YORK, December 12 (#).—New securities offered today include City of Cleveland, Ohio, $1,100,000 4 and 4% per cent bonds, due Septem- ber 1, 1932 to 1956, and priced to yleld from 3.50 to 4.15 per cent, by Banc- america-Blajy Corporation. Money- to Loan REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD toat o oo higi n well loeat o5y for 3, & or 10 years, 1520 K St. N.W. NEW RAIL OFFICIALS. NEW YORK, December 12 (P).—P. WANTED E. Crowley, president of the New York Reliable party or parties in position financially to handle immediately” all or a part of $250,000 stock issue, and a man- ager for the business, of a company with enor- m o us money-making possibilities. Address Box 5-E Star Office Equitable Co-Operati JOHN Assets That is the sure way to get ahead financially and the way to prepare for any emergency. We will gladly explain our sys- tematic saving plan. Under State Supervision This Holiday Season Naturally Brings a Host of Bills It is not necessary to begin the New Year burdened with financial cares . . . for we can consolidate your debts into one, and allow you to repay us in small monthly payments . . . arranged to conform with your income ., . without the embarrassment of securing endorsers. Pittsfield, Mass. (b A 20-Year Guaranteed 129}, Income Policy at Low Cost Phone for Our Insurance al Agen! it Union Trust Bldg. Nat. 1018 First Mortgage Loans In Amnm;?lu:;umy and Commonwealth Investment Co., Inc., 806 15th St. N.W. Ph National 2623 ortgage Loan Correspondent for The Prudential Insurance Co. of America Safely Invested —in Guaranty First Mortgage Notes and Bonds. They yield the Maximum in- terest. REALESTATE CorPORATION Capital Resources, $3.800,000 1610K ST. N.W. aodifis | g Our Service is Personal and C additional information will b M"“:u‘;d'm-.“ People’s Pmonll. Bankers, Bethesda Personal Bankers, c. Inc. 3308 Rhode A x lfiI'lLvt 6982 Wisconsin Ave. 2 Bethesds, Md. Phones: Hyattsville 1771771 Phone Wisconsin 4374 Public Small Loan Co:, Inc, Maryland PT:'" Bankers, Rosslyn, Va. PSR 8,0 vy S ey e FIRST MORTGAGES SECURITY AND RETURN are the commending features of investment in our 6% FIRST MORTGAGES It is investing with certainty of just what you will receive— and the regularity with which you will receive this generous interest. Over a Third of a Century Without a Loss The principal, of course, is safely secured by improved real estate that has been conserva- tively appraised and is therefore equal to the obligation placed upon it. May be purchased in amounts from $250 up. SAUL CO. 925 15th St. N.W. IS NO SUBSTITUTE FOR SAFETY National 2100 THERE Loans on Real Estate If you are seeking a loan on your home you should first consider the Real Estate Loan Plan of the Metro- iolit-n Life Insurance Company which as been endorsed by thousands of people throughout the United States. Loans for Fifteen Years No Life Insurance Required Low Interest Rates Construction Loans in Any Amount