Evening Star Newspaper, December 22, 1930, Page 13

FINANCIAL. kR FINANCIAL THE EVENING STAR, WASHINGTON, D. C, MONDAY, DECEMBER 22, 1930. A—13 NEW YORK STOCK EXCHANGE | STOCKS ARE HEAVY (CHRISTMAS TURKEY ' e % o te The Star, Giie, in November followed e trend of Recelved by Private Wire Direct e 3 O Ry n‘h“g"“c‘o‘;: LO A N N QUET TRADING PRICES ARE QUOTED i i || QNS Corn Pr Ref (14%).. 71 724 Imtavorabic. 1 the lask two Seceks. 'nu Coty Inc. : 8% 8% four wgks ended Novemper Cream of se 214 | Aotivity Decreases as Lead-|Range Between 37 and 50! ficed toial lodngs °-‘~'n't'-'£c‘xs§'s-f} Cnxcarr{wéi 5 15% lf‘a Loadis received from connections Crosley Radio. 4% y o nu ted to 172,626, o red with Cents Is Indicated on Foy e ] e Stock and Prev. Dividend Rate, Porpw High. Low. Close. Close.’ Contl Shares (1).... 10 10% 10% 11 Nou—-ml mm are sold in one red-share lots ted by (80s) (250s) DROP N INSURANCE TOTAL IS REPORTED e S S S ) Policies Written in November | tow - oividend "Ba om ~Prev.19030~ oo requesting loans, pecify the amount needed, together with a brief outline of the properties and their approximate valuation. ‘We purchase 2nd trust Bares— Dividend Rate. Add 00. High. Low. 4214 815 ADbitibl Pow & Paper 48 8% 8% Show Decline of 9 ST 10x Adamemep (140> 0 13 e 1w ; sz seil ing Issues Show Slight 28 28% 7 i 3 3 10 - 101% ™ e T % Per Cent.' " BY EDWARD C. STONE. Life insurance written in the Dis- trict of Columbia in November was 9 per cent under the amount sold in No- vember, 1929, according to the monthly report received today from Hartford, Cenn. The United States as a whole did not | yecord as good a showing, sales being 17 per: cent below the corresponding manth last year. Delaware was the only State in the Union that made a gain— 4 per cent over November, 1929, Among the Southern States North Carolina made the best showing,. sales being off but 6 per cent from last year. Fl was the same as Washington, while life insurance sales in Maryland were off 14 per cent, South Carolina and Georgia 17 per cent, West Virginia 1 cent and Virginia 22 per cent. and Tennessee were off 32 per cent and Mississippi was at the bot- tom of the list with a drop of 42 per cent in November insurance. Kentucky made & 1 per cent better mark than the District of Columbia and Idaho, Nebraska, New Jersey and Wyoming also stood above the District in the list. The report adds that the volume of life insurance written in the first 11 months of 1930 was larger than in any previous year except 1929. Mak- ing a conservative estimate for Decem- ber business means that 1930 will, with the single exception of 1929, make a ew record for all years. Sales this year will be over $1,000,- 000,000 greater than in 1925, an in- crease which practically eqials the amount the entire country paid for in 2900. If 1930 sales of ordinary life in- surance are compared with 1920 the volume is over half again as large; to 15 years ago, the insurance shows & gain of almost 400 per eent, today's report concludes. Hethesda Bank Votes Dividends. Directors of the Bank of Bethesda have .declared the regular semi-annual dividend of 3 per cent and also an ex- tra disbursement of 1 per cent. Both are payable December 31 to stockhold- ers of record December 20. Bank of la stock is licted on the Wash- ington Stock Exchange, the last sale be- Tecorded at 58. average yield of all common on the New York Stock Ex- which is computed monthly by 's Investors’ Service, exceeded per cent at recent market lows. compares with 8.35 per cent at the beginning of the month, 8.08 per cent on November 13, 1929, and 9.92 per cent on August 24, 1921, The peak average in the current bear market there- closely approaches the 1921 peak, rates were more than twice as as at present. $10.50 a Share for A. T. & T. It is probable that American Tele- phone & Telegraph Co. for 1930 will show net income of about $168,000,000, or $10.50 a share, on about 16,000,000 avengr::mu outstanding, says the ‘Wall t Journal. That would com- pn ‘with $166,189,758, or $12.67 a share on an average of only 13,113,746 shares, in 1929. Thus the company will have earned the $9 dividend re- quirement on its stock, with $1.50 to m ite the large increase in the adverse effects of the lephone business this year has been ‘decidedly flat, and while the re- ered satisfactory in view conditions, the increase in is well below what- telephone regard as & “normal increase.” ‘Both dividends recetved from associated and actual telephone rev- enues will show a gain for the yeer. During the year, the Journal adds, a severe shrinkage in the rate of gain in new stations was suffered by the Bell System, and it is probable that the net increase will be the smallest in 20 years. : Today'’s Trading on Exchange. Moderate trading was recorded on the 'uhlnmn Stock Exchange today at the Ol’enlnl session of the week. ‘The first sale was a_ five-share lot of Capital 'I'nctlon. whichy moved ex- dividend at_4: Potomac lecmc Power 6 per cent came out at 1117%, followed 5% per cent issue sold at 107%. Pive shares of Continental Tnlst Co. stock appeared on the board at 120 and & small sale of Woodward & Loth- Top erred was recorded ex-dividend at 107, Monotype figure in four 10- share lot sales at 103. The bond mar- ket was wholly neglected. issues now being quoted ex- dividend, payments being due in a few days, include Commercial National, District National, Lincoln " National, National Metropolitan, Bank of Bethes- Commerce & Savings, Potomac Savings, United States Savings, Nation- al Union Insurance Co. Columbia | Medical Building, Emerson Bromo-Sel- zer A, Federal-American Co. common and preferred, Merchants’ Transfer & | Storage common and preferred, Mer- ;euuum Linotype, National Mortgage | Investment preferred, Real Estate m & Guaranty preferred, Carpel Corporation, Woodward & Iothrop, | Capital Traction and Norfolk & Wash- ington Steamboat Co. Members of the exchange consider this a notable list of local securities to be paying dividends at so nearly | the same time. The list even contains | some extras. | Heard in Financial District. 80 far as can be learned, every bank | in Washington that voted a Christmas | bonus last year has or will take (ne‘ same action again this year. The | many banks that have already followed their usual policy have brought keen delight to their employes in a year m; which extra money is 5o much needed. 1. A. Fleming is planning to pass| Christmas in Washington and leave here | soon afterward for his Winter home at Melbpurne, Fla. T. Hunton Leith, member of the ex- | ecutiye council of the American Insti- tute of Banking, has returned from a trip to Delaware where he visited dupku in his jurisdiction. Chesapeake & Ohlo (Including Hock-« ing Valley Ry.) eleven months net $4.14 8 common share, against $4.37 a share | in like 1929 period The annual meetings of all the na- tional banks in Washington and of se eral bthers will take place on Jauuary 13. Beveral new directors are always at this time, although a number of bénks have fillea vacancies during WHTERN MARYLAND RWY. B ORE, December 22 (Spe- elal) he Western Maryland Railway has rted that revenue from coal and e and miscellaneous sources both ghowed small increases during the 8600 week of December, but income other sources still remained mruy below v,hn of the correspond- h&unua eumlnn for the week end- ompared with $31200036 i the pre- wi e pre- week and $361,966.32 in the week of 1929, a decrease of $57,- mn. or 16 per cent. For the first two weeks of December the decrease has n only 15 per cent, while for gl’ Xng it totaled $1,115,290, it nvm sources other than coal and for the second week of the .w‘u lower than the precedi ‘week passenger Tevenue was 34% 23% 4% 1% 156% 36 21 9% 151 3% 10715 343 126% 28% 3 10 e 87% ™ 1% 41 6 5% 45 170% 120% 81% % 16% 17% 4515 214 8 32. 118 6% 4 104% 4 140% 25% % 35 9 1714 25 89 6315 514 461 26 16 % 195 29% 131 33 36% 15% Bis 29 52 % 39% 36 2% 5% 231 110 36% 4 170% 122% 841e 34 68 92 B7% 564 110% 134 69 90% 50% 12 5 2% 351 224% T8% 33% 52% 34% 28% 42 96 362% 9814 991 120 103% 4% 514 3% 25 20 267% 95 10% 13% 61 2% 30% 168 100 97 48% 16% 97 19% 14% 30% 2 Addressorr'ph (1%). 1 Advance Rumley. 1 Advance Rumley 1 Ahumada Lead. 3 Alr Reduction ( 9 Alrway El Ap (60¢). 1 Ajax Rubber... «s 10 Alaska Juneau(40c). 28 Albany Wrap Paper. s Alleghenv Corp. ... 8 Alleg Cp $30 ww 53 . 550- 46 Allied Ch & Dye(n6). 25 188 Allled Ch&Dof (1), 8 12214 Allls Chalmers (3).. 9 35% Amal Leather. . 3 SNy Amerada Corp (2). Am Agri Ch f ctfy Am Bank Note (13) Am Beet Sugar. .. Am Beet Sugar pf.. Am Br Shoe (2.40).. 33 Am Br Sh & F pf (7) 20! l2‘l Am Brown Bov Elec Am Can (15). Am Can pf (7) Am Car & Fdy Am Car & Fdy ot (1)- Am Chicle (13). Am Com Alcohol.... Am European Secur Am & For Power.... Am & For Pw pf (7). Am & For Pow 2d pf. Am Hawallan (210, Am Home Pr (4.20) Am Ice (+4).. Am Internat] (2). Am La Fr & Foamite Am Locomotive (2).. Am Ma & Fy (+1.65), Am Metals&Min (1) Am Nat Gas pf (7)..100s 31 Am Power & Lt (r1). 14 42 Am Rad&Std San(1) 16 uu. Am Republics. ..... Am Roll Mill (n2)... zufil 32 Am Safety Razor (5) fi 58’4 Am Ship & Com..... Am Sm & Ref (4). 39 42% Am Snuff (13%) 1 37% Am Solv&Chem, .. 1 2% Am Solv& Chempf.. 1 T4 Am Steel Fdy (3).... 14 26% Am Steel Fdy pf (7).100s 110% Am Stores (t2%).... 1 Am Tel & Tel (9)., Am Tobacco (5).. Am Tobacco B (5) Am Tobacco pf (6).. Am Type Fay pf (7). 40s Am Water Wks (3).. 17 Am Woolen. Am Zinc Lead & Sm, Anaconda Cop (2%). Anaconda W & C Anchor Cap (2.40) Anchor Cap pf (6%) ‘Andes Copper (1), Archer-Dan-M (3) Armour of Del pf (7) Armour of Il (A) I = a S i Do - As: Asso O11 (2). Atch To & S Fe (10) Atch To & S F pf (5), Atl Coast Line ($10). At Gulf & W I pt (5) At Refining (13).... 22 Atlas Powder pf (6). ll)l Atlas Stores (n1). nrflz§~.nn. Baldwin Loco (1%). « 26448 69% Bang & Aroos (l“). 2 - 3 rice Cream (4).. Bendix Aviation (1). 11 Best & Co (2). Bethlehem Ste Bethlehem St pf (7). Bohn Alum&Br(1%) Borden Co (X3)....u Borg, Warner (1). Boston & Maine (4). Botany Con M (A) Briggs Mfg Co. . Briges & Strat (2). Brockway Mot Trk.. Bklyn-Man Tr (4) Bklyn-Man Tr pf (6) Bklyn &Qu Tr p£(5). Bklyn Union Gas (5) Bruns Ter & Ry Bueyrus (1).... Bucyrus cv pf (l*)- Butte Copper & Zinc.. Butterick Co Byers (A M) Calif Packing (4). .. Callahan Zinc & Ld. . Calumet & Arizona.. Calumet & Hecla. Campbell Wyant ( Canada Dry G A (3) Can Pac new (2%) Cannon Mills (1.60 Carital Admin (A). . Capital Adm A pf (3) Carclin&onio(4)... 108 Trac(t4) 4 zh-Dobbs pf mo. Celanese Corp. Celotex Co. . Celotex voting etf: Celotex Co pf. 1008 Cent Rib Mills pf (1), 208 Cerro de Pasco (4).. b Certain-teed Prod... 2 Checker Cab (1.80) .. Ches & Ohlo (234)... 23 Chesapeake Corp (3). Chic & Alton. .. % Chic & Alton 133% 12 156 308 Chic Great We: Chicago Great Wn pt Chic Mil St P & Pac. Chie M1l St P & P pf. Chi & Northwn (4).. Chi& N W pf (T). Chic Pneu Tool. .. Chi Pneu T pf (3%) . Chic R1& Pac (1)... Chi YellowCab (3).. Chickasha Cotton Ofl Chiids Co (2.40)..... Chile Copper (2). Chrysler Corp (1)... City Ice & F (k3.60) . City Ice & F pf (634) City Stores (50¢).... City StoresA (334). . Clark Equipment (2) Cluett Peabody (3). Coca-Cola (8 Colum Graph (a% ) Columbian Carb (18] Comm Credit (3).... Comm Credit A (3) Comm Credit pf B(2) Comm Cred 15t (63) Com In Tr (£160)... Com Iny Tr war sta. Comm Solvents (31) Comwlith & So ( Comwlth & So p Congoleum-Naira. . Congress Cigars (4). Consol Film (2) Consol Film pf (2).. Consol Cigars (6) .. Consol Cig or pf 6%, Consol Cigar pf (7).. 6 Consol Gas N ¥ (4) 7 Cons Gas N Y of (8 Container A ( Container B Contl Baking Cont! Baking Cont) Baking of (8). 244 Contl Motors. 7% Contl Oll of 4 Du Pont de N (14.70) 4 Gr West 4 Hud&Man Ry (3.50). 4« Hupp Motors.... % Interboro Rap Tran. Cuba Cane Prod. Cuba Co... Cuban-Amer Sugar. . Cuban-Amer Sug pf.. 108 Cudahy Packing (4). 3 Curtis Publish (+7).. 8 Curtis Publishpf (7) 4 % Curtiss Wright Corp. ;2 Curtiss Wr Corp A. Davison Chemical Debenhams (70c) . Deere & Co pf (1.40 Delaware & Flud (9) Del Lack & Wn (7). Devoe & Ray (1.20).. Devoe & R 1st pf (7). Dome Mines (1).... 2 Drug Corporat (4).. 12505 62l Dunhill Int (1)..... 4 6 87 87% Eastern Roll Mills. 19 Els(mln Kodak (18) 31 151% stman Kod pf (6). 20s 128% aton Axle (1.60)... 16678 147 Eitington-Schild 3% Eitington-Schild Elec Auto Lite (6 Electric Boat El Storage Bat (5). . Eng Pub Serv (2.40). Eq Offic Bldg (2%) ErileRR........ Erie RR 18t pf (4)... Evans Auto Loading. Fairbanks Co pf. Fairbnks Morse 1. Fashion Park Asgo. Fashion ParkAs pf Fed Motor Tr (80c).. Fed Wat Svc A 2.40. Federated Dept Strs. Fid Ph Fire In (2 Filene's Sons. . Firest T & R pf (6).. First Nat Strs (3%). Fisk Rubber. .. Fisk Rub 18t pfcv... 268 Florsheim Sh A (3) .1 Foster Wheeler (2).. Foundation Co. . 4 Freeport Tex (15 Fuller pr pf (17.94) Gabriel Co (A) Gardner Motor Gen Am Inv pf (6) 4 Gen Am T’k Car (34) Gen Asphalt (3)..... Gen Baking pf (8)... 30s 100% Gen Bronz T Gen Cable. .. T4 Gen CableA..... 3 15 Gen Clgar (4) i Gen Electric Gen Motors (13.30).. Gen Motors pf (5)... Gen Print Ink (2%).. Gen Print Ink pf (6) Gen Pub Sve b6% stk Gen Ry Signal (5)... Gen Realty & Utll... Gen R & Ut pf (e6) Gen Refract (t4%).. Gen Steel Cast pf(6). Gen Theatre Equip. . Gillette Saf Raz (4 Gillette Saf R pf (5)- Gimbel Bros. .. Gimbel Bros pf Glidden Company.... Gobel (Adolf). . Gold Dust (2%). Goodrich (B F) A mman e aSmwend 4 Goodrich BF pf (1), Goodyear Tire (5)... Goodyear 18t nf (7).. Gotham Silk Hostery Gould Coupler. Graham-Paige. Granby Consol (2) Grand SilvStrs(h1). Grand Union. ... Grand Unlon of ll).- Granite City St (3) Grant (W T) (1) Gr North of (5)... Great Nor Ore (2% 3 Great Western Sugar 4 ug pf (7). 2108 Greene Cananea Cop. 108 » SewneRonsem i Grigsby Grunow. . 4 Guantanamo Sugar. . Gulf Mobile & North. Gulf Mob & N pf (§). Gulf States Steel.... Hacken pf A (1%) Hahn Dept Stor Hahn Dept 8 pf Hall (WF) Pr Co (l) Har Wk Ref (1214) ¢ Hartman (A) (2) Hartman Corp (B Hayes Body. . Hercules Mot (1.20) Hercules Powd (3). 4 Hercules Pow pf (7). 80s 116% Hershey Choo (5)... Hoe (R) &Co....... Holland Furn (12%) Houdatlle Hershey. . Household Fin pf (4) Houston O1l (b10%). Houston Ofl (new).. Howe Sound (143%).. 3 87% Hudson Motors (3) - P T L DT R L = O P 1llinots Central (7) Indian Motor Cycle. Indjan Reflning. . Indian Refining rcts.. Inland Steel (4)..... Ingersoll Rand (16). Inspiration Copper. Insurance Sh (45c) Ins ctfs (Md) (60c),. Interlake Iron (1)... Int Agricultural. Intl Bus Mach (n6) Intl Carriers (25¢) Intl Cement (4). Intl Combustion. Int Comb Eng pf. Intl Harvester (2 Int Harvester pf (7). Intl Hydro E1 A (e2) Intl Match pf (4).... Intl Mer Marine (2). Intl Nick of Can (1). Int Nick Can pf (7).. Int] Paper & Pwr A.. Intl Pap & Pow (B).. Intl Pap & Pow (C).. Intl Pap & P of (7) Intl Printg Ink (234) Int Rys Cen A pf (5). 208 Intl Salt (3)... Int Shoe (3)......., Intl Tel & Tel () ... 89205 22% Inter Dest Bira(2):. . 8 16 IntertypeCorp (2)... 16 Investors Equity (2) 5450; 6 Jewel Tea (15) 504 89 Johnas-Manville (3).. 20 58 Jones&T.augh pf (7). 208 119% Jordan Motor Car... 1 % Kaufmann DS (1%) 1 15 Kayser Jullus (2%). 2 15% Kelly-Spring Tire.., 22 1% Kelly-Spring 6% pf.. 20s 30 Kelly-Spring 8% pf. 110s 10 Kelsey Hayes (2)... 10 Kelvinator Corp ... 16 Kend Co pf (16.37).. 10s Kennecott Copper(2) 153 Kimberly-Clark (13) 102s Kinney (GR) (1) 2 Kinney (GR) of Holster fato. R 26% Kresge (SS) pf (7).. 808 105", Kress (SH) Co (p1). 1 Kreug & Toll (1.60). 27 22% Krog Gr & Bak (1), 145 19% Lambert Co (8)..... 6 7114. Lehigh Port Cmt (1) 1 Leh Port Cem pf (7).200s 100 Lehigh Vaulley Coal.. 5 Lehigh val (t4%7... ;0 Libbey O Ford Glass (Continued on Pags 142 14 | shade. Declines. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, December 22.—Lower prices were the rule in today's trans- actions on the Stock Exchange. Few of the losses, however, were large and activity fell off on the decline. The market had a number of dis- turbing developments to appraise. A banking failure in Philadelphia and an- other in Miami depressed sentiment. Wheat went to another new low and, inasmuch as commodity prices are closely followed nowadays by specula- tors in stocks, that was not helpful either. ' Then the November railway earnings . statements began to come along in numbers and they made the usual dismal showing. Bright Spots. ‘The only relatively bright spots were the auto_industry, the responsible lead- ers of which continue to express confi- dence in Spring business and to act on that confidence, and a widespread re- port that the Anaconda Copper directors at their meeting Wednesday would make no further reduction in the dividend rate. During the early trading copper stocks ranged higher, standing out on that account. Most of the time the motors were steady. Special interest was taken in Chrysler and General Motors held well. Both of them sold off later when the rest of the market turned downward. The general list was under pressure, with rather sharp declines in some of the higher-priced es, including Al- lied Chemical, Coca-Cola and Eastman Kodak. United States Steel, during the morning hours, sold down to 139, where it was nearly 3 points below last week’s high. American Telephone & “Telegraph and Consolidated Gas, higher at the start, fimally yielded and the same was true of American Can. Among the new lows were those of Kroger Grocery & Bakery and United Fruit. Selling of the former was in re- sponse to the omission of the stock divi- dened announced over the week end. United Fruit was heavily sold and added 3 points to the 6 it had lost last week. Th(' next dividend meeting is not sched- uled until February 10, so that concern on that score seems premature. In the first nine months of 1930 the sum of $3.52 a share was earned on the stock and it would seem probable that the $4 dividend will have been covered by the end of the year. Meanwhile the com- pany’s financial position is known to be strong. leroad stocks reacted after their recent brisk rise. New York Central broke through 114 against the high of 119 on Priday. Union Pacific and Baltimore & Ohio were down 2 to 3 points and losses were recorded in Southern Pacific, Chicago & North- western, Illinois Central and Great Northern preferred. Chesapeake & Ohio ‘made better resistance. Prices Slip After Opening. The market, after opening with ir- regular and unimportant price changes, turned slightly weaker. Trading was dull, with the ticker making frequent pauses. News developments over the week end were few, about the only item of importance being reports of a good shopping trade for Christmas and a further decline in commodity prices. Money renewed unchanged at 2 per cent. During the first half hour shares traded amounted to 266,200 against 309,400 in the same period Saturday, Kroger Grocery, reflecting the . di- rectors’ announcement that there would be no stock dividend for the comin year, was a feature. After opening fractionally it sold at a new low, down over 2 points. Union Pacific was a weak spot in the rails, off 4 points. United States Steel was ofl nearly a point. Representative movements in the various groups were Westinghouse Electric, off fractionally; Kennecott, unchanged; Bethlehem Steel, un- changed; New York Centrzl, off 1; Standard O1il of New Jersey, un- changed; American Telephone, off fractionally, and General Motors, off a| Chrysler was strong and ac- tive. Local Market. Christmas turkey prices will range from 37 cents a pound to 50 cents or slightly more, it was indicated on the local market today. Top prices for Thanksgiving were 45 cents and they ranged downward to about 35. Chain store prices announced today were 37 and 39 cents. Most of the independent dealers at Center Market were quoting prices of 50 cents and some said that they might even be higher by tomor- row or Wednesday. 2 Wholesalers this morning quoted prices to shippers as for choicest fresh killed stock as high as 42 cents. There were very few turkeys on the country line this morning. They are fresh killed and from nearby, however, and were offered at retail at 45 cents. U. S. TREASURY BALANCE. The United States Treasury balance announced teday as of close of business December 19 was $361,029,363.25. Cus- toms receipts for the month to date ‘were $21,346,604.90. Total ordinary ex- penditures $12,811,950.60. Standard Oil of New York. NEW YORK, December 22 (Special). —At its recent low price Standard Oil of New York stock sold on an 8 per cent basis. It is now quoted on about a 7' per cent yield. This is said to be the highest for this stock since 1912. In the first nine months of this year the company earned in excess of the $1.60 dividend being declared and is understood to have cash and market- able securities, the latter mostly of a short-term character, of over $45,000,- 000. The return on Standard of New York compares with about 4.20 per cent on Standard of New Jersey and around 5% per cent on Standard of California. BANK CLEARINGS. NEW YORK, December 22 (Special). Toda | N. Y. bank clearings $589.000.000 585000000 000 133,000,000 | | First Mortgage Loans Lowest Rates of anterest and Commission Thomas J. Fisher & Company. Inc. |} REAL ESTATE LOANS Made at Low Interest Rates 'I'YLER & Rb'l'HERl-'ORD or or 1520 K St. N. W. Nllmnnl 0475 Money to Loan first deed of t1 rm-mnwmmu Joseph 1 A continued sharp smmn“ in’ gross revenues for November was indicated by these figures, but net results will depend largely on the extent to which the management was able to hold down expenses. o R METAL PRICES ADVANCE. LONDON, December 22 (P).—Tin jumped more than £7 per day because of covering operations fol- lowing a report that an agreement had been practically reached among world pmducm to regulate exports. Copper metal also took an upward turn. ton to! £114 3-16 on the metal exchange to- notes secured by improved real estate. ORTGAGE & GUARANTY - CoRPORATIOR Capital Resources, $3,500,000 iilss 1610K St. N.W. fo———lalc———|a Mackubin, Gbodrich & Co. Established 1899 BANKERS Members New York and Baltimore Stock Exchanges Associate Mernzber New York Curb Exchange 1508 H STREET 'WASHINGTON, D. C. REDWOOD & SOUTH STS. BALTIMORE, MD. 1814—O0ldest National Bank in If your ready for YOU. 3% on Savings 15th St., Opposite U. S. Treasury %‘&%m&uz@* NN NS Think of the Future Yuletide present is a salary bonus, bank a portion of it in a Savings Ac- count and it'll help brighten the future. {{We have a pass book National Metropolitan Bank the District of Columbia—1930 Year Loans On Improved Real Esmte NEARBY Mmr{ OMERY. BRRick “or BoLumBix LOWEST INTEREST RATES. BossmrHELPS Founded 1907 Loan Correspondent John Hamcock Mutual Life 0. Insurance 1417 K St. National 9300 Organized 1879 JOHN JOY EDSON, President eeessense$5,901,122.48 Equitable Co-Operative Bldg. Ass'n ‘WALTER S. PRATT, Jr,, Secretary Surplus & Profits..........$1,818, 555 92 Subscription for the 100th Issue of Stock Being Received 915 F St. NW. 51st YEAR COMPLETED SYSTEMATIC SAVING 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. 20-mile radius within 24 hours. No Endorser W W, People’s Personal Bankers, Inc. 3308 Rhode Island Ave. Mt. Rainier, Md. Phones: Hyattsville 1379-1771 Public Small Loan Co., Inc. 27777227 % Loans made in District of Columbia and to $300 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 into one, and allow you to repay us in smal payments . . . arranged to conform with your income .. . without the embarrassment of securing endorsers. We .give special and prompt attention to applicants desiring money for Christmas. Our Service is Personal and Confidential, and additional information will be cheerfully given. our debts monthly Bethesda Personal Bankers, Inc. 6982_Wisconsin Ave. Bethesda, Md. Phone Wll:uuln 4374 Maryland Personal Bankers, C. 8405 Gl. Ave., Silver S Ma. 'hones: Shepherd 2854- The Above Concerns Operate Under !ln- Uniform Small_Loan Law as Sponsored by the Russell Sage Foundation and as Super- \ vised by State Banking Department FIRST A SUGGESTION FOR A GIFT For that some one whom you want to specially remem- ber at Christmas time, have and the gift perpetuated throughout the years to come, make an investment in our Over @ Third of a Century Without a Loss May Here the return definite: and principal safe. 6% FIRST MORTGAGES is both sure; with the be purchased in amounts from $250 up. B F, National 2100 THERE Moody's Composite Portfolio Rating “A” CORPORATE TRUST SHARES an ownership in deposited com- mon stocks of these 28 Companies— New Yok Central Iilinois Centeal Pacific Louisville & Nashville Pennsylvania Atchison Stand. Oil (New Jersey) Stand. Oil of New York Stand. Oil of Ind. Stand. Oil of Cal. Texas Corporation American Tel. & Tel. SAUL CO 925 15th St. N.W. IS NO SUBSTITUTE FOR SAFETY WO coupons a year instead of 110 divi- dend checks and 28 proxies. CORPORATE TRUST SHARES Offering price is based on the current quotations of the deposited stocks plus the value Westinghouse Elec. United States Steel American Tobm lngflwll Rand du Pont of other property in the hands of the Trustee. Priceat Market, about 6%z pershare Descriptive circular on request 48 WALL STREET NEW YORK