Evening Star Newspaper, January 7, 1931, Page 13

Note—All stocks -excepting those m-uw ETRUSTBUSINESS Essestene Cbflfi'bfiér’s Report Reveals | &ifr"ice ", oiidens Go | 36, smstanhal Increase in (M). -l?'n'fiu M:Evhgs‘:'zur‘ Made at Low Interest Rates 22 8% Cresiey Radlo & ‘: i tioms R on a4 Railroad Group Featured in ::,"gfi‘:- = s i U Upward Trend—Some 1520 K'St. N.W. ~ National 0475 R s S L4 + | dropped 7. Real ‘estai nui other than Issues Lag. g et g . o |0 %E : aSERR to the ¥ 5.264.89 132,001y B 48 it de checks and nhn cash b {7 Funds Involved. . 5 aw zow 2o 22w | 12D 19% o A ce 9 S, N BY GEORGE T. HUGHES, Spectal Dispatch to The Star. NEW YORK, January 7.—All the striking price changes in the stock market today were on the side of the sdvance. The movement ‘was not uni- !orm, important issues lagging 4 20 not . Tew belng. lawer. og | 18 . s " BY EDWARD C. STONE. o Alrway BLAD W00). 1.0 T4 T4 T8 T 1 3 Ciimanant auhmnml gains by natfonal banks in % Ajax Rubber. 4% 10 D-mo.- S the development of trust activities dur- 4% Alaska Juneau(d0c). 851 - 8% TR Desre ing the past year are shown in the an- Biz Albany & Sus (T11)., 300 228 g08 Tl Teport of Controller of the Cur-| 85% 6% Allegheny Corp..... 114 rency ‘John W. Pole, made public a] 107% 864 Alleg Cp §30 ww 5% . few days ago. The number of national| 99% 37l Alleg Cp 810 ww 5% . banks engaged in the trust field, the| 343 1704 Allled Ch & Dye(n§), emount of funds involved, the inferest | 126% 120% Allled Ch& D pf 1) o RATINGS Your Banker's Yardstick 6% Dome Mines (1)...44 Domn Stores (1.30) .. in- the creation of insurance trusts and the ‘ntmber of banks made estate trus- tees reveal notable increases during the year.© In his repor’ Controllef Pole sdys: s More Banks Handling Trusts. ‘The hational banks in 1930 continued to show steady and substantial progress in the development of trust activities. 5 Sran ninadue * | Boe-day. bat attention was centered on those Which risl Wl wero Ing. or t 1n tndln; and in this group .. _New York u‘ll and Mchilm t.ho latter above 190 and the former ts ‘Tuesday's 5 | close, wefe uxe Y{‘.fim among the sea- -oned dividend payers. early “mmmm«tmmemum-"fl g spots was Matheson Alkali at another new low, Still reflecting the price situation in that Safety” explai Tells you how to judge security valves. Every Investor should read B, No charge. Write for your copy. of Investment Merit B L e R e et W"‘Wfl.fi b 3 #cm aboye- b4% Larger 128 118 AmBrh&F ot (1), tered by lower-priced s ‘Am Brown Bov Elee. Am Brown B B pf (7)1108 50 2 114 115!( ll!'n 1"% Two thousand four hundred and sev- - enty-two_banks, With capital, surplus,|- 21% 64 Am and undivided profits aggregating $3,-) 84 = 38 123,303,341, and banking resources to- 156% 104% Am Can (16). taling $23,529,097,073, had authority to 24% Am Car & Fay administer. trusts on June 30, 1930, which represented 34 per cent of the number of banks and 80 per cent of the total banking resources of the 7,252 na- tional banks in operation on that date. Of the number authorized to exercise aboyt Which there has beens unceftainty Call foney renewed at 115 per cent, INVESTORS: SERVICE 10 eontibmerian itbirse,. | But loans whre obtAtnable In’the outsids 65 Broadway " New York menu %"m‘i&mm the officlal o Other Advances. St. Louls-San Francisco, still m $8 lnunl.ly but_earning less than r which had in last month’s bear market Fashion ParkAs pf.. 10- down to below $40 a share, ran Fed Motor Tr (80¢).s up 5 Fed Wat 8o A 3.40., soupt#enm Rallway, in which there is Federated Dept Strs. one of the largest short interests in the | €F Fid P Pire In (2.60) entire railvay lst, was up 4 points and |Of most th Ave Bua (64c: Roe an extra- . 8 l Sedinarily high yield basis, gained al-| Trading in the first half hour was i §{ RO A8 sh. :—';fx:i Cmion, ‘i Mpoimiine B $10,905,939.8; In part the 1ise in the rails was a{ce , unting 810, 81 readjustment. of investment appraisal | 383,200 shares, compared with 116,700, | 3. Overdrafts . 1,582.71 L e mww::'?u:} i Betiietiem | & % m‘;l:c“fl s Oved. 186059424 ts 1 an ehem B4 « 1,869,554.24 .t d'"‘%nm“ [ 1,206,084.94; furniture and fikiures, $104,810,08. 140170502 Today’s than banking house. Endicott-John pt (7). Eng Pub Serv (3.40). ErleRR..ce0eee w10 Exchange Buf (1%).860s o owing THE CONDITION THE e siet ndustry. the reel National Savmgn and Trust Company strength Of Fifteenth street and New York avenue, in the muv. commodities, cotton being an g g A gy A ey Mamtdoflmhm - 3-.-..-.« Am & For Pw of (§). Am & For Pw pf (7). 63% Am & For Pow 24 pf. 5% Am Hawailan S S trust powers under section 11 (k) of the Federal reserve act, 1,820 banks had established trust departments and were administering 79,912 individual trusts and in addition were administering 11,- and in addition weer administering 11,- 511 corporate trusts and acting as trus- tees for outstanding note and bond is- sues_aggregating $11,803,717,370. For the fiscal year ended June 30, 1030, trust fdepartment gToss earnings aggregating $22,765,000 were reported. Compared with 1929, these figures re- flect a net increase during the year of 30 in number of national banks having authority to exercise trust powers; an i increase’ of 95, or 5 per cent, in’ $he number administering trusts; an in- crease of 15,435, or 20 per cent, in the number of frusts being administered; an increase of $235,392,000, or 512 per cent, in the volume of individual trust assets; an increase of $4,433,000,000, or 60 per cent, in the volume of trustee- ships under bond issues, while the gross earnings from trust department oper- ations incfedsed $2,182,000, or 11 per cent, over the previous year. Progress Rapid Since 1926, The rapid strides which national banks have made in the trust fleld are emphasized by considering the activities during the past year with those of 1926. Compared with that year, these figures represent o increass dufln2 g the ttou{l; year period of 446, or 22 per cent, the number of national banks autfgr- 32X Gon Ry AL (D) s ed to exercise trust powers; an in- Archer-Dan-M ( % B% 16%. ) o 7 = J Gen Realty & Util... . "f’ 'gv g sg poe “"hm‘“ g Armour of Del Bt (1) 4 < 7 ::“ Gen mni’!mm- [} e R Sy (g Armour of IlI (A).es 5% Gen Theatre BQuiD. . ifi"‘m‘&?fi'fi&?fi?m’flefl -+ i S" gl - 18 Gillette Baf Ras (4). ministered; an increase of $3,550,000,- I Conatabl e o 000, or 385 per cent, in the volume of Asso App! Ind “ individual trust assets under adminis- tration; an increase of $9,340,000,000, Atch 'l‘qh!g‘ (I‘ or 379 per cent, in the volume of bond Atch To & 8 ¥ p2 (5). issues outstanding for which national A*i Coast Line ($10) 7 banks are acting as trustees, while the At Guite& W I(3)... gross earnings for the same period in- AtGuif & W Ipt (5). 49 Sreased $14,510,000, or 176 per cent. At Refining (¢2) . oo .. lm 21% 21% The increasing interest in the cre- Atlas Powder ( 2 AT 7% * 48y ation of insurance trusts is evidenced Atlas Powder pf (8). um 98% nn 981 08 by the fact that 153 mnational banks Atlas Stores (n1). 9% 9% 9y 9 were acting as trustees upder 396 agree- Auburn Auto (f4)... 27 110 110 112% ments involving the administration of Austin Nich pr A (3) !0! 21 1 21 20 $13,495,009 in proceeds from insurance policies, while 680 mational banks had been named trustees under 13,548 in- surance trist agreements not wm ive supported by insurance policies with a face value aggregating - $586, ’IN 435. Compared with lum &:e 1mun°?c;° trust figures represent ap Increase per cent in the nnl:'l)er of national hn‘r administeritg surance trusts, an in- crease of 46 per cent in the number and 19 m cent in the volume of insur- W™ trust assets under administration. Fisk Rub 1st ptev... 108 Follansbe Bros (1).. 1 Foster Whesler u).. 12 Foundation Co... Fourth Natl Tnvest.. Fox Film (A) (§). .00 , Frank Simen v (1).5 508 [ Anaconda, Amer- relting and Kennecott, widened itial advances. Eqmtable Co-Operatwe Bldg Assn 1879 51st YEAR CO! JOHN .'0! !DSON President ‘WALTER S. mrr. Jr. l!t.ry Assets ...........$5,901,1232.48 Sarplus & Profits .‘l,.ll.lu 92 Subseription for the 100th Issue of Stock Being Received 1 . T sadbiiese M l « 5,347,474.1¢ “Ch S Total, o WITHTLeBLAT Accomplished f s e o I, CHARLES C. LAMBORN, tréasurer df swear that the above mkmfithWQM\Mdem¥ ed) CHAS. . Buhncrlled and sworn to me this Sth %fiplmn —where a set plan for My Commission expltes Octobet 5. 033" e saving is adopted. ttest: 5 Make 1931 a banner year financially, 90 Am Pow & Lt pf ll)-. Am Rad&sStd San(1). = =..,.§,.,,.,m..-_.... ey - Bl fits—net Reserves !or dlfldend- mmlnmei-. ete. terest, taxes' and ouuc expenses accrued and 43% 35% Am Snuff (13%).. e s "including “certified "and cashiers' éHecks " out 52 23% Am Steel Fdy (3)... 116 110 Am Steel Fdy pt (7). 55% 36% Am Stores (123%). 273% 16 Am'r-uabl-(l).. ruu 170% Am Tel & Tel (9). 98% AmTobateo ). Am Type Fdry (! Am Water Wks '40,000.00 We will gladly ex- plain our systematic saving plan. tham Silk Hoslery 0uld Coupler. ...« Graham-Paige.....a Graham-Paige rets. « Granby Consol (2 Grand Silv Sta(b1). Grand Unlon, ... .. Grand Union of (3) Granite City Bt (3 Grant (W T) (1) Gr North of (¥ THERE ARE FEW . INVESTMENTS . wshat equal in security and re- turn our ‘€% HHT MORTGAGES . From the time you make the investment . to the maturity of the mortgage you will receive . this definite interest—and all the while you have the knowls ‘édge that. your principal - is safely secured by improved real estate that has been eonserva- tively appraised. Lllw-lfi.u-,,‘-- 1% Aviation Corp o 4% Baldwin Loco (l!)» 50 n pt 80s -CONSTRUCTION LOANS As Mortgage Loan Correspondent of the Metropolitan Life Insurance Company- we always have ample funds available to loan on Large or Small projeets. Bel N Ry pt pf t5.51. A vp Bl ny et bt Our organization is fully eq\uppet! to as- sure immediate action on ybur application, - Consult Over. a Third R i ofe EAVER BROS Washington Building Without. & District 9486 Mortgage Loan Correspondent Metropol{tan Life Insurance Company Loans m-d- in the District of Columbia and eatby Maryland and Virpinia Hayes Body... Hercules Powd (3) 1 Hercules Pow pt (7). 1o. 35egyuta uBa 1le Her: FHousenold Fin pf (4) Houston Oil. " Houston O11 (new).» Howe Sound (14%).. Hud&Man Ry (3.60). Hudson Motors (3) . Hupp Motors.....om Alimots Central (7). BSaoa & ing 187 ‘were active i fi"fi'm;.”.%! aggregating dividu 564,760, and were atting as trustees for bond and note issues: outstanding amounting to $3,151,175,430, Controller | 4 Pole replNeL: 110% B nnm-i’uu) Hoffman Heads Insarance Concern. : gumA“i(Bh)"% liam Hofiman w18 Bure acl s ;mz:%em oll"h “'h' fi:&’.‘.fi;” 48% 21% Bush Terminal (3%) Co. of Washington and Georgetown at 97 Bush Tertn fl-za‘-- 10; yesterday’s organization meeting. - He 3% Butts Copper & Tt will complete. his thirty-ninth year's % Butte Superior. %g:mmbn with u;:n firm mx'. June. e othef officers Albert W. - ard, vice president and secretary, and| 9% 28% Calume! & Arisona. James N. k, §r., assistant 83% 7% Calumet & Hocla. retary. Ab 76% 0% Canada Dry G A (3) Monday, the 62% ssv. Can Pac ¢ pamed 15 Capltal A¢ Edware 29% Capital Admis Miilard May be purchased i amounts from $250 up. B. F. SAUL coO National 2100 925 15th St. N.W. - wRen B mo lefini, indian Refin Ingersoll Iniand Steel (4)..4.0 Inspiration Insuranshar,Del 40: Insctfs (Md) (80c) Ilz% 83% Byers (A M). 7% 41% Calif Packing (4. When Choosmg A Fixed Investment Trust ~ Independenée Trust Shares Complete diversification —including bank and insurance groups. Broad elimination provision protects invested capital. No substitution== ptevents hazatds of management. No reserve fund—no idle capital. Redemption privilege ln any amount without penalty charge. Permanence assured by continued service of trustee with more than a céntury’s experience. Price at the Market Ask your Bank or Inveitment Dealer for particulars. SOUTHERN INVESTMENT DEALERS, Inc’ Washington Building—Met. 2767. - iar Cavanaugh-Dobbs pt m. 24 Y u% 17% Celotex Co pt.. per & Pwr. 80% 18 Cent Aguirre AN 1% . e 2 ntl Pap & Pow (C).. 6% 81, Cor de PunCop (). 8 nt] Pap & P pf (7)., 15% 2 Certain-teed 3 Intl Rys Cent Amer., 45% 6% Certain-teed rruu 2 67% 14% Checker Cab (1. u)., 17 51% B82% Ches & OMb 2% ‘ 825 - B2 cnu-p-uo-o TIPS A Definite Plan of Investment for the New Year By regulatity of pmmum payments on insurance icies, the safeguards of protection are ereated for who heed protection when it is needed most. Wh, not invest regularl acoo:dmg to a definite in common stocks of ¢ m of Amenl:’: uouné industties and build m md to enjoy as the years go by’ You can accomplish this by the DIRECT OWNERSHIP METHOD of INVESTMENT DIVERSIFICATION Bydmm:thodldxmfiadgrwpolmh,mem each of ten corporations may be purchased. There are thrée of these groups. It is not necessary to purchase an entire group, however. You may carry out a definite investment progtam by purchasing one share, for in- stance, each month of every three months. The stocks” are registered in yout name and dividends paid directly to you by the corporations of its fiscal agent, thdlbc.lfuflmmncdm u‘ this method you of upon n’n stoc) out let the names of $ #id & lm:;;‘ku o alu.mun Ouwnershi »‘Mnhd — ax ES *FE All directors: of the National Mort- gage & Investment Corporation were re-el tmnnunl ma:.?!nq of stockhol b4 Dr. Georse Sk Futn, Charles Norris James Gibos.” Vernon G- it George W. Oflult Irving O. Ball, J .12 Chicago Great Wn pf )0 W. Beller, Col. M. C. Buckey. 26% 4% Chie MILSUP & Pae. , | scn Crichton, Clarence F. Donohoe, Htr- 46% 7% ChieMUStP&PpL. "~ “ old E. Doyle, John J. ¥ agiton: Gen.| 9% 28% Chis Northwn ()ns 17 2 ohoot. Ashton C. Jones, Cran- | ' g7 7% Chie Pneu Tool. ..., J. Garfield Rfl!’v 85% 22 cmmrgu\n. 5 James P. sem W, Stewart, Hugn 454 Ohic R 1 & Peo ¢ 1 A. Thrify, Bm!! ‘Waiker, William ChicR1& P pt West. Busy Session on Exchange. Bonds ‘showed mare activity on the Washington Stock, Exchange today than| fl hes been recorded in some tme. R 3 our $500 sales in Potomac Elec- | 15 55" City Storesh (3%).. 10 ok o were recorded at 102, while R Ty ) sh ‘ngwn“g- 6s, serics B, sold at] 1094 88 3 and shingtop Raflway & Electric 4s out at 85% on @ $5000 transter 000 Adacostis & Potomac Reil- anteed 5s moved at 95. The market closed With a small sale in rington Gas 6s, Ser¥’s A, at 101%. tal Traction stock sold to the of 40 shares at 40’4 and 10 more Potomac zmm: P:-;;as pe; prefer: came out alf an. 1’\ %lmme preferred sold at Intl Tel & Tel (3). Intet Dept Strs (2) IntertypeCorp (2). Investors Equity Island Cr Coal t4). Johns-Manvills (3).. Jones&Laugh pf (1). Jordan Motor Car. .. Kans City Bou (5) . Rarstadt (R) (1.03) o Kaufmann DS (1%). mer Julius (33%4). ly-Spring Tire. . Kelly-Sprh % of.. 'Kum Hayes (I) 4% Chie Great Western. o Se 2 Bowo olanmnSluTSaran 25 nornStm r Corp 2% clt!lu.'(i 80). o 3] Kreug & Tol! (1.80 Kroger Gro&Bak(1). Lambert Co (8)...em Les Rubber & Tire. .. Lehigh Port Cmt (1) Lehigh Valley Coal.. Leh Valley (3%) Lehman Corp 13).. Libbey O Ford Glass. Liggett & Myer (15). There Is No Substitute For Safety Every dollar of your January tunds should be invested in a non-fluctuating, stable security which yields ds great a return as is compatible with - absolute safety and sound business practice. First Mortgage Notes, pnymé 6% per year, provide the id“lcnd eotment‘ mh:mdent in- y a return on their money. " % o J.A;lll. Iylthfll’t & Co. oy i e - Available 'now in denominations of $100 : Investment Banhers 2 2%| 50 a B8 and up. ‘ 426 Shoreham Buildi Washi D.C 3 3 3 3 i e} 2 o SHANNON & LUCHS R @ e y { s 38 Mcxeuprwul/.). ey Baltimere, Md. 1435 K Street Northwest 18% Col Fuel & Lron (1).. 65% Colo & Sou 1st pt (1) 1\» ao 30w ColGasd 1 3. 87% Bl pf A (8) l 103% T%h Ci olumbln Graph. 14 8% 5% Columblab Carb (V6) 12 84% 15% Comm Credjt 12)...., 3 198 20% Comm Credlt pf B(2) 10 244 21% Com In Tr (g i 28% (26 Gominy 2e e " Comin Solven 5% Gomwitha 8o 86% Comwith & So p? n!) 6% Congoleum-Nalrn... 18% Congress Cigats 4). deral-American National Bank & t Co. stock soid at 50 for 20 shares at 51 for 10 more. Union Trust Co. stock registered 219. P‘rdr"nl American Co. common sold at 4, Lanston at 103 and 102 and Mc'gcntmler at 87. - mo 65 ‘Consol i1 €% 2008 Heard in Financial District. . B .; “Nothing takes the place of money in | ssw 124 Film pf (3 1% the bank,” says & letter sent out by one T8 Gonbel Gan N ¥ (8) 8614 85% 9 108% 1003 LR o oSS men B Long Bell Lutnk (A). Loos .’l( 2.50)s of the local banks to its savings de- 99% Cons Gas N ¥ of (5). positors. “And no plan is as good as % Consol Textlle. systematic saving, a small fixed amount 5% Contatner A (1. 0 go in every pay day and not to come 2 Container B out to be Bfiflnl Gov, Geotge J. Seay of the Fifth Dis- trict Fedcul Reserve Bank, who was booked to address the ‘as] Board of Trade tomorrow night, 18 alonnnntdtohkhomemmm d with ess. Arthur ~ Porakér, managet. of the ‘Washington office of Eastman, Dillon & “Co., returned today from a week's visit in Gincinnatd, nu 7% Contl Ol of Dal. 44 40% 85 Cont Shares (1)..44 111% 65 Corn Prod (13%) 33 7% Coty ine, 3 1 TIPS .