Evening Star Newspaper, December 20, 1930, Page 19

FINANClAL. * & 0. REPORTS DIP INNOVEMBER NET Liberty * Extra Dividend—Banker Hopeful for 1931. BY EDWARD C. STONE. Gross revenues of the Chesapeake & | ©Ohio Railway in November were $11,- 041,912, a decrease of $1,395,504 ov November of last year; operating ex- penses were $6 458, a decrease of $1,240,423, as compared with November, 1929, and net railway operating income was $3,286,226, a_decrease of $436,671 over November of last year. Net in- come after all charges for November, 1930, was & ,006, a decrease of $223,879 over November, 1929, For the 11 months ended November 380 the company shows gross revenucs 53, a decrease of $11,58 ing income was a decrease of $2,820,190. Net _jncome after $31,707,640, a decr compared with corresponding pe 1929. The cperating ratio for the period was 63.3 per cent, a decrease of 1.8 per s compared with the same period ago. Liberly National Votes Extra. Directors of the Liberty National the regular semi-annual divide out of bank ea alsy voted a special div- of $1 per share, both payable De- cember 31 to stockholders of record De: cember 26, the books 10t to be closed. ¥ hen voted a 5 per cent Christmas bonus to be paid to all em- ployes of the bank. As Chesterman Views 1931 In looking forward to 1931 president Bertram Chesterman of the Morris Plan | Bank, said today: “Fundamentally eonditions are sound sud 1931 will, in my opinion, show an improvement in the unemployment sit- uwation and in business conditions gen- erally. Washington will recover more rapidly than other cities because it has been less affected than other cities cupying, as it does, a uniqu which prevents drastic and fluetuations in its volume of business. “Eventually theré will have to be an equilibrium between netional produc- tion and national consumption, and I am confident that American business can, by study and voluntary co-opera- tion, successfully solve its own prob- lems.” American Ice Profits. Net earnings of American Ice Co. and subsidiaries for November, after inter- est, but before taxes and deprecia- tion, were $174077. This compares with $250,045 for November last year. Net earnings for 11 months, after in- terest, but before Federal taxes and depreciation, were $5,609,002, com- pared with $5,526,475 for the corre- sponding period of 1929. Better Business Forecast. ‘The, Washington Loan & Trust Co.s monthly review of business, prepared by Norman E. Towson, states that some financial quarters.see further recessions in business before the turn, but con- cludes by suggesting some indications that point toward a resumption of busi- ness activity. The review concludes: “An increase of nearly $100.000.000 over June in the amount of currency in ‘circulation indicates more busiress activity. “An increased rapidity of credit turn- over, now becoming apparent, indicates an improvement of business activity, and offers a foundation for the opti- mistic comments now heard in some responsible quarters. “The increase already effected, and the further expansions contemplated in automobile production, the reco en- dation by the Interstate Commerce Commission that the recapture clause be mbandoned, and the vast amounts about to be expended on public works, cause us to view with more confidence the prospect for the coming year.” Selects 50 Common Stocks. In one of the latest financial books, “Fifty Hand-Picked Common Stocks,” J. George Frederick, the author, has selected 50 common issues on the New York Stock Exchange which he con- siders “panic bargains.” His selections were made during the first 10 days in November for the Business Bourse, New 3 cks are taken from difierent industries. The al pter to each industry ssies he think: be lead- ers for the long puill, th each one of the 50 stocks up separately and s at his command 5 red at which the published is one of the most interesting facts about it, while the choice of stocks forms an unusually in- teresting list. Heard in Financial District. Directors the Maryland Trust Co., which 4 end re- opened for business last arch, have Just declared a 1 per cent dividend, pay- able December 22 to stockholders of record December 18, The company is sald to be the second Maryland bank that has ever resumed business success- d of the 3 Arundel Corpora- tlon, which has increased earni s dur- ver 1929, has rable comment in Wash- quite a little of the stock is held. The concern deals lary eonstruction and building materials. Bowie Chipman, resident partner of Harriman & Co., has re- turned from a short business trip to New York W. W. Spaid of W. B, Hibbs & Co w York attending a of ew York Stock which he is vice PP Siddons a Luther E, Schreiner | 1ot * Springs, v nts at the District of E: Women's a Christmas party Lee House Monday ation v take the d a Chrisimas tree, : of Baltimore uni of $4,134.000, last Priday w a d by Robert Gar- nd the Bancamerica-Blair been sold to the pub- ¥ e wound up. ‘Officials of Garret: & Sons stated that the demand for the bonds was spirited, and that a very substan- tial portion of the issue was taken by Baltimore inves ors. There was also a Very excell:nt distribution outside the city, it was said. The syndicate’s bid to the city for the issue was 98.711, and the Londs were sold to the public at prices rang- ing from 99% to 100. poi lic_and the s 0il ierger Plan Dto_x;ped. NEW YORK, Detember 20 (7).— Negotiations betwe'n the Tide Water Associated Oil Co. and the Sinclair! )em»lidlbed Oil Corporation for a merger of the companies have been definitely abandon-d, it is reported in ‘Wall Street, In many quarters it had been believed the merger was to have been a prelimingry to a thre:-way con- solidation of the companies named the Richfield Corporation. g NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Note—All stocks are sold In one hundred-share lots excepting those designated by the letter s (80s) (250s) ‘which shows th ~Prev . High. Low National Declares| 3 14 Adams Exp 1603, . 94 41% 156% 36 214 9% 15% 35% 107y 99% 313 156% 26% T4% 127 130% 1 20% 283, 50 242y 108% 175% RO% 51% 106 37 263% 9% 38 122% B4 8414 20% 91 34 101 92 0% 6% 57% 56Y% 110% 134 69 120 30% 31% % 8474 3044 96 65% 15% 45% 28% 3674 051 1511 145% 123 256% 0se s Stock and Dividend Rate. 1930~ 16 17 16% 16% tocks to be sold in odd lots only. Bates— Prev. Add 00. High. Low. Close. Ol 16% 214 Adams Exp pf (6)... 10s 83% 83% 831 824 3 12 Advance Rumley of, 8714 Air Rednetion (14%) 7% Alrway El Ap (60¢). - 1% Afax Rubber. 4% Alaska Juneau(40c). 6 Albany Wrap Paper.. 5% Alleghenv Corp B4 Allex Cp $30 ww 515, R0 Alleg Cp $40 ww 5%, 170% Allied Ch & Dye(n6). 31% Allls Chalmers (3)., 11% Alpha Port Cmt (2)., 16'4 Amerada Corp (2)... 173 Am Agri Ch pfetfs. ., 45'a Am Pank Note (13).. 15% Am Bosch Magneto. . €% Am Brown Bov Elee. 33 Am Brown B E pf (1) 104% Am Can (15). 140% Am Can pf (7). .. 2515 Am Car & Fdy (6). 75 Am Car & Fdy pf (7). 27 Am Chain (3).. 9 Am Com Alcohol.... 171 Am European Secur. 25 Am & For Power. ... 80 Am & For Pw of (8). 90 Am & For Pw pf (7). 6315 Am & For Pow 24 nf. 46% Am Home Pr (4.20).. 26 AmIce (14).. 16 Am Internat] (2) % Am La Fr & Foamite 19% Am Locomotive (2) 29% Am Ma & Fy (11.65 3 AmMach & Metal 131 Am Metals&Min (1), 3614 Am Power & Lt (r1). 15'% Am Rad&Std San(1) 5% Am Renublics. ..... 29 Am Roll Mill (n2)... 52% Am Safetv Razor (5) 15 Am Ship & Com...... 100% 8 5 35 Am Shipbuilding (5) 110s 39% Am Sm & Ref (4)... 215 Am Solv & Chem 2315 Am Steel Fdy (3) 36% Am Stores (12%) 5 Am Sumatra Tob.. 170% Am Tel & Tel (9), 981 Am Tobacco (5). 99% Am Tobacco B (5). 120 Am Tobacco nf (6., 473% Am Water WKs (3).. 98 Am Wat W 1st pf (6) 5% Am Woolen..... ... 15% Am Woolen pf . 17 Am Writg Paper pf.. 25 Anaconda Cop (23%). 20 Anaconda W & C (1). 267 Anchor Cap (2.40). 10% Andes Copper (1) 13% Archer-Dan-M (2). 61 Armour of Del pf (7 2% Armovr of 111 (A).. 1% Armour of Ill (B) 314 Arnold Coristable. .. 4% Artloom Corporation 20% Art Metal Const (2). 168 Atch To& S Fe (10). 100 Atch‘To & S F pf (5). 97 Atl Coast Line (110). 36% AtlGulf & W I(3).. 16% At Refining (12).... 97 Atlas Powder pf (6). 8 Atlas Stores (n1)... 60% Auburn Auto (§4)... 25% Aviation Corp of Del 19% Baldwin Loco (1%). 55% BEalro & Ohlo (7). T0% Balto & Ohio pf (4) 52 Bang & Aroos (3%4). 8 Barker Bros (2)..... 58% Barker Bros pf (6%) £% Barnsdall A (2)..... 89 Bayuk Cig 1st pf (7). 62 Beatrice Cream (4).. 46% Beech-Nut Pkg (3).. 214 Belding-Hemingway 14% Bendix Aviation (1). 30% Best&Co (2).. . 49% Bethlerem Steel ( 112% Bethlehem St pf (7). 15% Bohn Alum&Br(1%) 60'% Borden Co (k3). . 15 Borg, Warner (1)... 12% Briggs Mfg Co..... 15% Briges & Strat (2). 57 Bklyn-Man TF (4)... 98% Bklyn Union Gas (5) 113% Brown Shoe pf (7)... 10 Brims-Balk-Col. 11% Bucyrus (1).......e 21 Bucvrusevpf (23%). 3% Budd (EG) Mfg.... 6% Budd Wheel (1) 9% Bullard Co... 815 Bulova Watch 108 Bush T Bldg of (7). Cop & Z (50¢). ck Co 33% Byers (A M) % Callahan Zinc & Ld. 28% Calumet & Arizon: Calumet & Hecla 3015 Canada Dry G A (3). 56 Canada South (3)... 35% Can Pac new (23%).. 18 Cannon Mills (160). 297% Capital Adm A pf (3) #0 Car Clin & Ohle (4) 83% (Case (J 1) (6) 114% Case (J 1) pf ( 17% Celotex Co pf. 18 Cent Azulire As1%. 62 8 27 51 Cent Rib Mills pf (7) 20s 21 Cerrode Pasco (4).. 2 Certain-teed Prod. .. 8 Certain-teed Prod pt 143, Checker Cab (1.80).. 32% Ches & Ohio (2%)... 4+ Chesapeake Corp (3) 4% Cnic Great We: . 12 Chicago Great Wn pf 4% Chic Mil St P & Pac. 78 Chic Mil St P & P of. % Chi & Northwn (4).. n1 & N W pf (7). « Chic Pneu Tool..... 4 Chic R1& Pac (T)... Chi R 1 & Pac pf (). 2 Chi YellowCab (3). . Chickasha Cotton Ofl « Childs Co (2 40).., 2 Chile Copper (2). 14}« Chrysier Corp (1) 215 City Stores (50c). StoresA (3% atpment. & Iron (1) Gas & E1(2) . ... Gas & El uf A (6) '0'um Graph (a%). 65' Columbian Carb 116) 201y Comm 21% Com In Tr (g1 60). . Comm Solvents (31) » Comwlith & So (60c) . 8612 Comwlith & So pf (6) 6% “ontoleum-Nairn. .. 181, Congress Cigars (4). 11'4 Consol Film «2). 15 Consol Film pf (2 T84 Consol Gas N ¥ (4).. 99% Conx Gas N ¥ ot (6). 2 Container B ... 17% Contl Baking A 214 Conti Baking B 65 Contl Baking pf (8). 431 Conti Can 2%). 9% Contl Dia Fibre (1).. 874 Contl Insur (2 40)... 2 Cont) Motors. 7% Contl Ol of Del. .. 10 Contl Shares (1). 65 Corn Pr Ref (14%), 140 Corn Prod pf (T) & Coty inc 4% Crosley Ri 50t Cructh 3 CubaCo o 3% Cuban-Amer Suxar. % Cubap Dom Sugal 38W Cudahy Packing «4). 1% ‘urtiss Wright Corp 3 Cu Wr Corp A. . 35 Cutler-Ham (3%)... 10 Davison Chemical... 20 Deepe & Co pf (1.40). 131% Delawaie & Hud (9). 69% Del Lack & Wn (17). 25% Denver & RG W of.. 161 Detroit 2dison (8) 6% Dome Mines (1). 12 Dom Stors 21 57% Drue Corn #0% Du Pont de N (14 70) 114% Du P de N deb pf ¢ 142% Eastman Kodak (18) ° *87% 11% Eaton Axle &8 (3).. a1t pf B(2)1108 18 17% 17 17 22 148Y% 146% 14 1 50% 50% 7 13% 13 10 23% 76 36 3 1 101% 101% 101 3 85 21% 261y Sernxoel » o SeRemablresad~ eacl 3 9% 8A 1% 10% 8 73 724 1008 147% 147 17 87 84 8l 6 13% 13% 3 20% 20% 3 1381 138 1 83% 834 29 29 3 1674 167 24 v 8 3 14 14 10 63% 624 29 88% 87 2 1N7% 1N7% 7 158% 161% 1 L9 15 14 - il ~Prev.1930~ High. Low. 10% 114% 103% El Pow & Lt pf (7) El Storage Bat (5)... Endicott-John (5)... srie RR 18t pf (4)... 6 Exchange Buf (1%). 20s Fairbanks Co pf.... S Fid Ph Fire In (2. Firestone T & R (1). Firest T & R pf (6).. First Nat Strs (23). Fisk Rubber. .. 4 Fisk Rubber 1st pf.. 110 Florsheim Sh A (3).. & Foster Wheeler (2).. Foundation Co. Fourth Natl Inv 7 Fox Film (A) (4) 9 Freeport Tex (15)... 13 Fuller pr nf (17.04).. 103 Fuller 24 pf (17.40).. 10s Gabriel Co (A). s Gamevwell Co (5) 208 (len Am Investors. 2 Gen Am Inv pf (6).. 1 4 Gen Am T'k Car (34) 79 4 Gen Electric (1. Gen Asphalt (3). Gen Bronze. Gen Cable Gen Cable Gen Cable pf 195 Gen Elec spec (60c). 17 Gen Focd Corp (3).. 107 Gen Gas&El A(e30c) 15 GenG & Elcvpf (6), 2 GenG & Elpf A (8). 10s Gen Mills (3).. 2 Gen Mills pf (6). # Gen Motors (13.30) Gen Outdoor Adv Gen Print Ink ( Gen Pub Sve b6 % (ien Ry Signal (5). Gen Ity Signal pf (6 Gen Realty & Util. .. “ Gen R & Ut pf (e6).. Gen Refract (t4%).. Gen Theatre Equip. . Gillette S illette Saf R pf (5). nbel Bros.. . lidden Company. Glidden pr pf (7) Gobel (Adolf). . Gold Dust (234) Goodrich (BF). . Goodyear Tire (5 Gotham Silk Hosfe Gould Coupler. Graham- Granby 2 Grand Silv Strs(h1). Grand Unfon........ Grand Unton nf (3) 4 Granite City St (2) Grant (W T) (1)... Gr North of (5) 4 Great Nor Ore(12%) Great Western Suzar 13 Gr West Suz pf (7). 110s Grigsby Grunow..,. 18 Gulf States Steel.... Hahn Dept Stores. .. Hahn Dept S pf (64) Har Wk Ref (1234).. Hartman Corp (B). Hayes Rody. . e | Hercules Mot (1.20), 10 Hercules Pow pf (7). 10s Hershey Choe (5).... 4 Hersh Choe pf (15) 1 Houdallle Hershey.. 6 4 Houston Ofl (b10%). Houston Ofl (new).. Hudson Motors (3) Hupp Motors.... Ilinots Central (7) Indian Motor Cycle Indian Refining. . Indian Refining rets. Indus Rayon (4).... Ingersoll Rand (16). Inland Steel (4)..... Inspiration Copper.. Interboro Rap Tran. Interlake Iron (1)... Int Agricuitural. ... Int Agricul pf (7) Intl Bus Mach (ng) Intl Carriers (25¢) Intl Cement (4) Intl Combustion. Int Comb Eng pf. . Intl Harvester (2%). Int Harvester pf (7). Intl Hydro El A (e2) Intl Match pf (4).... Intl Mer Marine (2). Intl Int Nick Can pf (7).. Intl Paper & Pwr A. Intl Pap & Pow (B).. Intl Pap & Pow (C).. Intl Pap & P pf (7) Intl Printg Ink (27%) Int Rys Cen A pf (5).100s Intl Salt (3) Int Shoe (3) Intl Tel & Tel (2 Inter Dept Strs (2 Int Dpt St pf xw (7). & IntertypeCorp (2). .. Investors Equity (2) Johns-Manville (3). Jones&Lauzh pf (7). Jordan Motor Car... Kaufmann DS (1%) Kayser Jultus (2%). Kelly-Spring Tire Kelly-Spring 6% pt. nator Corp . nd Co pf (16.37).. Kennecott Copper (2) Kolster Radfo....... 2 Kresga (SS) Co1.60. 11 Kresge (SS) pt (7).. 30s Krespe Dept Stores. . Kreug & Toll (1.60). Krog Gr & Bak (nl1). Lambert Co (8 Lane Eryant (2). Lehigh Port Cmt (1) Lehigh Valley Coal.. Lehigh val (t14%).. Lehman Corp (2) Lehn & Fink (3).... Libbey O Ford Glass Lig & Myers B (15).. 208 201 s Lima Locomotive 153% o Link Belt Liquid C: Lorillard «P) Co. Louls & Nash (7) Ludlum Steel. . MeCrory (A) (2) Mecrory pf (6) MckKeespt Tin P1(16) Melesson & Rob 1) McLe n Stores. Mack Trucks (4). jacy & Co (n13) Mad Sq Garden(60c MagmaC Manati Sugar pf 1 Elev gtd (7) Manhat Shiri (1)... Marine Mid (1.20). Marmon Motor Car.. Marshall Field Matnieson Alkall 12) May Dept Strs «n2).. Maytag Company /.. Maytag Co 15t vf (6) Maytax Copt (3)auen Menkel Co (2) Mexican Seaboard. 2i1diand Steel (3) :1inn Moline Pow. .. M StP & SSM Isd (4).100s Nio Kan & Tex (3)... 14 Mo han & Tex pf (7) Missour: Pacific. ... Missourt PPue pf (6). Mohawk Carpet ... Montgomery Ward.. Mother Lode....., .o Motor Products (2). Motor W beel (3) iultine Mig. Mut Murray Myer (FE) &Rr2). 1 Nat Belia Hess, . (Continued on Page 6.) ;| Central. Missouri Pacific jumped over a ISTOCKS ARE FIRM AT SHORT SESSION New Buying Tends to Offset Week End Profit Taking. BY GEORGE T. HUGHES. Special Dispatch to The Star. P NEW YORK, December 20.—Not- withstanding intervals of realizing, there was enough new buying in today's week end stock market to give it a reassuring appearance, and Wall Street went home in a more cheerful frame of mind than on any Saturday in over a month, The sharp advance the rails had en- joyed Friday brought profit taking into the group today and some irrcgularity, but there w no weakness and most of the gains were retained. There was still talk of an early agreement on the four-trunk-line system in the Eastern seaboard territory. Baltimore & Ohio made 2 new high on the recovery, a partial offset to reaction in New York point and Chicago Greal Western pre- ferred was higher. Tllustrating the resources of the car- riers during these times of adversit the Ann Arbor road announced toda $27 dividend on the common stock pay- able out of surplus and a $5 dividend on the preferred. Of these two issues Wabash owns 97 per cent, so that the ichursements will increase the parent d's income materially. Wabash ares were higher on the news. Local tractions had a run-up, espe- cially Interborough Rapid Transit, on belief that an agreement on the unifi- catlon plan had been practically reached. The responsiveness of the market to optimistic reports was in itself proof of a change of sentiment. A week ago faverable analyses of a stock were received with indifference. fact that on a balance sheet basis an fssue was selling for less than net cur- rent assets aroused no intérest then and ardly scrved to check a decline. But | hen_ the well deflated position of | Johns-Manville was pointed out_today and its good showing through the de- fon emphasized, the market re- vith an advance of 3 points. CHICAGO, December 20 (#) (United States Department of Agriculture).— | le—Receipts, compared | weck ago, general run fed steers and earlings 25 to 50 higher: around 1.00 higher than Monday of this weel strictly choice yearling heifers strong; | others dull and weak; butcher cows and | heifers and all cutters strong to 25| bulls and vealers practically | best replacement cattle steady; | cthers weak to 25 lower; several loads Christmas yearlings, 14.00a14.5 dium and strong weight beeve: 30; 1,550 pounds, 12.50; 1,666 pounds, 11.75; week’s bulk fed stee: 8.50212.00; mixed yearlings topped 2 3 ! heifers at 12.50; strong weight zs, 10.00; heavy | ;aolrx;age bulls, 5.75; yearling stockers, | eceipts, 5,000 head, includ- ct. Teday's ma barely E few loads gcod to choice fat | lambs 8.00 to packers, averazing 87 to 2 pounds. cel:, 64 doubles from 10,000 direct. fat ewes steady; feed- ing lambs strong, week's top lambs 8.5 fed yearlings up to 7.00; closing bulk better grade lambs, 8.0028.25; kinds caling, 95-100 pounds, 7.5028.00; native buc! 6.7527.25; throwouts, 5.50a6.00; fed yearlings, 6.0026.75; fat native ewes. 3.00a3.50. Week's range of feeding ambs, 6.50a7.40. | Hogs, receipts. 8,000 cirect: active 000 head, including | steady . 7.90a | 1 -290 pounds, 9 i § 7.75a8.00; packing sov: 0: co pared one week ago strong to 10 highe <hippers took 1500; estimated hol ovcrs, 1,000 light lights. good and choice, 140-160 pounds, 8.00a8.10: light E 169-200 pounds, 7.90a8.10: medium weights, 200-250 pounds, 7.75a 805; heavy weights, 250-350 pounds, | 7.60a7.85: packing sows, medium and good, 275-500 pounds, 6.65a7.25; pies, good and choice, 100-130 pounds, 7.50a | Rail Order Placed. [ NEW YORK, December 20 (#).—The Denver & Rio Grande Weste has placed an order with th Fuel & Iron Co. for 10,000 | First Mortgage Loans On improved Real Estate in the and nearby Maryland and year terms on your 5Y%2% RANDALL H. FWIAGNER & COMPANY Apartment MORTGAGE LOAN CORRESPONDENT New York Life Insurance Company 1321 Connecticut Ave. FIRSF . EARNING WITH SURPLUS MONEY plus in 6% " Over a Third —and of a eral re Century Without a mon work, Loss improv tate. National 2100 | By the Associated Pre: | Eastern Utilities Investing Corporation | January 80, 1931. N s . . As you find yourself within your budget—invest the sur- by conservatively May amounts from $250 up. Hop $AVUL CO: THERE IS NO SUBSTITUTE D. C, SATURDAY, DECEMBER 20, 1930. FINANCIAL. NATALIE HAYS HAMMOND RUNS METALIZING PLANT IN GOTHAM Daughter of Noted D. C. En- gineer Has Invented Process for Treating Fabrics. 4 A Public Excluded From Fac- tory, Which Is in Active Operation. Special Dispatch to The Star. NEW YORK, December 20.—Miss Natalie Hays Hammond, 24-year-old daughter of John Hays Hammond, min- ing engineer of Washington, D. C., has incorporated her own company and is conducting a metalizing business in this city, it was learned yesterday. The company controls a secret process, invented and patented by Miss Hammond, and is known as the Natalie Hammond Process Corporation, ‘The process will metalize fabrics. The designs for the metalizing work have been made by Miss Hammond. There is every evidence of commer- cial activity at the factory. As the process in coating objects with metal is secret, the visitor in the entrance hall is faced with a “No Admittance” sign in large letters on the door lead- ing into the general workshop. Miss Hammond's father is the only was learned, who has been allowed to inspect the plant. He is known throughout the world as a mining engineer who has made a for- tune from his mining and other engi- neering projects. Miss Hammond's brother, John Hays Hammond, jr., is a well known naval and radio inventor who has his laboratory at Gloucester, Miss Hammond was introduced to soclety in Washington and London, NATALIE HAYS HAMMOND. and was presented at Buckingham Palace and also at the Vatican. On her travels to Europe and the Orient she became interested in art and four years ago she started the serious study of it. While a student at the Master Institute of United Arts here she was commissioned by Mme. Alla Navimova to design the stage set- | ting and_costumes for a play. Recently there was an exhibition of her paintings and drawings at the | Roerich Museum on Riverside drive. She has exhibited her work in London and Paris, and last year the French government purchased one of her paintings. COTTON GINNINGS DECREASE REPORTED | Census Bureau Figures Reveal Total of 13,259,622 Bales Prior to December 13. Cotton of the 1930 crop ginned prior | to December 13 was announced today by the Census Bureau to have aggre- gated 13,250,622 running bales, includ- ing 478,421 round bales, counted as half | ales, and 17,411 bales of American- Egyptian, but excluding linters. To that date last year 13,456,783 bales, including 519,564 ~round bales and 20,071 bales of American-Egyptian, had been ginned. Ginnings to December 13, by States this year were: Alabama, 1.421,380: Arizona, 110,216; Arkansas, 846,624; California, 188,895 Florida, 50.646; Georgia, 1,558 221: Loulsiana, 694.496; Mississippl, 1,429,640; Missourl, 150,507; New Mex- . 83972; North Carolina, 759,294; Okiahoma, 822,525; South ' Carolina, 981,260; ‘Tennessee, 360,724; Texas, 3,734,798; Virginia, 40,629, and all other | States, 5,795. | = RS s | Soviet Russia’s population has been | estimated at 150,000,000. First Mortgage Loans In Arlington County and Alexandria, Virginia Commonwealth Investment Co., Inc., £06 15th St. N.W. Phone National 2623 Mortgage Loan Correspondent for The Prudential Insurance Co. of America S ——— AMUSEMENT SHARES SHOW STRONG POSITION Special Dispatch to The Star. VEW YORK, December 20.—A revival of activity and strength in the amuse- ment shares has been noted. Warner Brothers pictures was the leader of this group yesterday, at one time show- ing an advance of 2 points. Important interests are known to be behind the present advance in this particular stock and insiders of the Warners’ company have been heavy buyers on the recent decline. Paramount Publix was also in good demand at higher guotations for similar reasons. Fox Film did better because of reports of improvement in the market position of that issue, U. S. TREASURY BALANCE. ‘The United States Treasury balance announced today as of close of business December 18 was $352,128,868.33. Customs receipts for the month to date were $20,356,412.68. Total ordinary ex- Work, | INCREASED BUILDING OPERATIONS NOTED November Shows Gain Over Pre. vious Month in Many T. 8. Cities, Special Dispatch to The Star. NEW, YORK, December 20.—Relative to seasonal changes, November was ® better month in the building trade than October, according to figures on build= ing permits. In a number of sections of the country, particularly in the States of New York, New Jersey and Massa= Chusetts, there were substantial gains in the value of these permits last month, compared with those of the month’ previous. Normally, there is a seasonal deciine in permits between October and No- vember of about 9 per cent. Actually, from September to October there was a decrease of 10 per cent, or about double expectations. Therefore the drop of 12 per cent last month, come pared with October, was considered by students of building operations as slight evidence that improvement was taking place in the industry in certain sec- tions of the country. Gains over October were recorded in such widely scattered cities as New York, Sgattle, Pittsburgh, Portland, Oregon; St. Louls, Baltimore, Syracuse, Dallas, Newark, N. J, and Springfield, Mass. For the whole of New York State there was an increase of 23 per cent ovef October. The gain in New Jersey for the month was 12 per cent and in Massachusetts 8 per cent. North Caro- lina also had a considerable increase, as did Virginia, with the State of Washington showing an expansion of Fenrly 40 ?er ‘tfint gufk;n a 100 per cent ncrease in the building rmits Seattle last month. i " (Copyright. ‘Money to Loan cured first deed Prevailing_interest Joseph 1. Weller 1930.) We have funds to lend on improved and unimproved REAL ESTATE in D. C. Wm. H. Saunders Co., Inc. 1519 K St. N.W. irst Mortgage Loans Lowest Rates of unterest and Commission Thomas, J. Fisher & Company. Inc. Subscribe Today It costs only about 1% cents per day and 5 cents Sundays to have dWhluhm 'z'l best newspa- per _deliver you _regular] ’e'x"ery evening and Sunday nmrnl’- g Telephone National 5000 and the delivery will start immedi- ately. The Route Agent will col- lect at the end of each month. penditures, $18,212,859.76. = Loans made in District of 20-mile radius within 24 No Endorser ours. 7% The Board of Directors has declared the following quarterly dividends Participating _Preference Stock — $1.76~ per e payable February 2, 1931, teo holders of record December 30, 1930. S6_Preferred Stock — $1.50 per ahare payable March 2. 1931, to holders of record January 30, 1981 | $7 Preferred Stock —$1.75 per share payable March 2, 1931, to holders of record $5 Prior Preferred Stock — $1.25 per share payable April 1. 1931, to holders of record February 27, 1931. T. W. MOFFAT, 61 Broadway, New York. Treasurer. ict of Columbia Virginia for 3, 5 or 10 Office Building Business Property Decatur 3600 MORTGAGES our FIRST MORTGAGES let it be earning this lib- turn. It will not only be saved; but money at carning—iully secured appraised ved Washington real es- be purchased in 925 15th St. N.W. FOR SAFETY T e ) 1t is not necessary to desiring money for C People’s Personal Bankers, Inc. 3308 Rhode Island Ave. Mt. Rainfer, Md. Phones: Hyattsville 1775-1771 Public Small Loan Co., Inc. Rosslyn, Va. Phone endon 2600 West 2443-2144 The Above Concerns Operate A suggestion for a NOTES offered with their generous vestments. B it 2R & B4 0000000“00000000'00 / Up Under State Supervision This Holiday Season Naturally Brings a.Host of Bills with financial cares . . . for we can consolidate into cne, and allow you to repay us in sm: paym;nts ... arranged to conform with your income . . . without the embarrassment of securing endorsers. We give special and prompt attention to applicants hristmas. Our Service is Personal and Confidential, and additional information will be cheerfully given. Gifis of Endurance HE Christmas tree is the living sym- bol of the happiness and joy in the gift-givirg of the Yuletide season. Im planning your presents to your family, why not make lasting and living gifts . . . gifts that will be of value for years. 6 PER CENT FIRST MORTGAGE Rheem & Hensey Company. children, particularly, gifts of these se- curities will form the nucleus of savings” to grow as they grow. members of your family these Notes income yield are gifts of lasting vaue. With their record of MORE THAN 61 YEARS WITHOUT LOSS TO A SINGLE INVESTOR, our First Mortgage Notes can be ranked among thé safest of in- They can be purchased in denominations of $100 and upwards. SWARTZELL, "Fad & HEnSEY Co. ¢ Columbia and to $300 begin the New Year burdened our debts monthly Bethesda Personal Bankers, ; Inc. 6982 Wisconsin Ave. % thes Md. Phone Wisconsin 4374 Maryland Personal Bankers, Inc. 8405 Ga. Ave., Silver Spring, Md.| Phones: hepherd 2854-2853 Under the Uniform Small_Loan Law as Sponsored by the Russell Sage Foundation and as Super- vised by State Banking Department lasting gift are the through Swartzell, For your For the older assured semi-annual 00‘00000000000000000000000 MORTRAGE BANKERS 727 I5\@TREET N.W. WASHINGYON D.Ce.