Evening Star Newspaper, February 5, 1931, Page 13

FINANCIAL NEW YORK STOCK EXCHANGE Received by Private Wite Direct to The Star Offioe. OTTERBACK NAMED ASSOCIATION HEAD President of Anacostia Bank Again Elected by Build- ing. Firm. BY EDWARD C. STONE. Maurice Otterback, president of the Anacostia Bank, was re-elected presi- dent of the Eastern Building & Loan Assciation at the annual meeting held last night. Mr. Otterback has served the associa tion in this capace ity for 'several ifs, during which time the titu t'on has shown steady growth. The other offi- cers elected _were Clarence F. Dono- hoe, vice president ; William N. Payne, Jr, secretary; George R. Repetti, treasurer, and ‘Walter H. Marlow. attorney. Before the election of offi- cers the stock- holders re-elected rectors: C. F. Donohoe, William H. Harmer, James J. Hayes, Walter H. Marlow, | Maurice Otterback, Willlam N. Payne. | jr.: George R. Repetti, John M. Riordan and William H. Yost annual financial statement showed the association in excellent cos dition. The company has assets of $1- 363.912.61, compared with $1,091,515.22 in the previous year. In 1930 the asso clation had outstanding loans on re: estate amounting to $1,304,400, com- pared with $1,070,300 in 1920. ‘The treasurer re] d cash on hand amounting to $43,27. against $9,615 & _year ago. The company has a sur- plus of $23,000, compared with $22,310 s year ago. It was the forty-second annual report, the association having organized in 1889. Maurice Otterback. the following di- Gas Production Increased. An increase of 21.8 per cent in the production of gas for the District in January: was reported today by Frank A. Woodhead, operating vice president | of the Washington Gas Light Co. As compared to January of last year, the increase in cubic feet measured 139,- 454,000. Actual figures for Januar 1930, and January, 1931, were 640, 691,000 and 780,055,000 respectively. Production of gas for the past four months has been steadily increasing. December showing a 22 per cent gain over_the corresponding month of 1929, ln December 733,348,000 cubic feet of was consumed, as compared to 590 080,000 in the same month of 1929. The maximum daily send-out for Jan- uary -this year was 27,800,000 cubic feet, as contrasted with 24,841,000 culfic feet last year. The min‘mum daily send-out was 21,537,000 cubic feet. Mr. ‘Woodhead attributed most of the in- crease to house-heating and gas appli- ance sales. The ceming of natural gas will enable the gas company to increase its capac- ity more readily on demand, Mr. Wmd—l head eaid. The fioceu of enriching manufactured ga$ in the past by crude oil required not only more time, but! added facilities. Steady Recovery Forecast. Qeorge E. Roberts, economist of the Natfonal City Banl l.l; also ope of thei flc' enneru, 40 Washing- Club last pression 1o assured, but’ mga' thu st-ady e the de- e fairly slow. The economist went back into the history ol panics, reviewed the con- ditions which brought them about, and sald that they could net be avoided. Mr. Roberts also devoted considerable time to a discussion of gold and its bearing on the whole economic struc- that the last heavy ship- ments of gold to the United States came fast, too fast, so fast that they upset credit conditions here more than in the countries which made the shipments. He also talked freely on the labor situ- ation, A general discussion followed Mr. Robert’s_remarks. Dr. H. G. Moulton of the Brookings Institute, took issue with him on the statement that the business recovery will be fairly alow. Mr. Moulton thinks it will be more prompt. Mr. Roberts was the honor guest of | John R. and Austin C. Waller of the | International Bank. Banking Held Sound to Core. After all, rican banking is sound at the core is today upon a much suommre liquid and efficient foot- the height of prolpe-my. nyn Trust Companies Magazine. or more banking lutpensmnl of nso, and those which preceded, have &ntcy well weeded out speculative and competent management, and the gmoa“ may have some time to run. ut the banking situation cannot be Tegarded as at all bad when the 100 largest banks and trust companies of the country, during a year of most se- vere business depression and decline in values, can report increase of 70,000,000 in combined surplus and undivided profits, notwithstanding charge-offs for bad or questionable accounts and crea- tion of added reserves for contingencies. 1t is equally noteworthy that during the past year these 100 leading banks and trust companies, representing more than one-third of the total banking resources of the Nation, reveal a gain of $300,- 000,000 in deposits. ture Note—All stocks are sold in ol excepting those designa which shows those l'oeh were sold In odd lots. Individual sales compiled to un—-cmplm in 5:30 Edition. stock and 3 Dividend Rate, Ad 9 Abitibl Pow & Paper 164 Adams Exp (1.60). 8314 Adams Exp pf (5). 21% Addressogr Co 1.40 % Ahumada Lead. . 921 Afr Reduction (1434) 7% Afrway E1 Ap (60c). 7 Alaska Juneau (40c) 6% Albany Wrap Plp.r. 7% AlleR COTP....o... 49% Aller Cp $30 xw 5% 153'% Allied Ch & Dye (n6) 82% Allis Crialmers (3).. 15 Alpha Port Cmt (2). 17% Amerada Corp (2)... 814 Am Brown Bov Elec. 106% Am Can (5)... 27 Am Car & Fdy (6). 29% Am Chain (3) 28% Am Chicle (+3 4 Am Comel Alcohol. . 19 Am Europenn Secur. 26% Am & For Power.... 74 Am & For Pw pf (6). 85% Am & For Pw pf (T). 68 Am & For Pow 2d pf. 7 Am Hawailan SS.... 1% Am Hide & Leather. . 47% Am Home Pr (4.20) 23% Am Ice (3)... 18% Am Internat (2).... 5 Am La Fr & Foamite 20% Am Locomotive (2). 81 Am Mch & Fdy 1.40.. 16% Am Metal Co. . 8914 Am Metal pf (6) . 24% Am Nat Gas pf (7 52 Am News (jt4). 45 Am Pow & Lt (1 9:7% Am Pow & Lt pf (6). 15, Am Rad & St San (1) 112 Am Rad & qemw\ 7 Am Repubiics. . 2814 Am Roll M1l (n2). 67 Am Safety Razor A5) 614 Am Seatin . 4015 Am Sm & Ref (4)... 931 Am Sm & R 2d pf (6) 129 Am Sm & Ref pf (7). 87 Am Snuff (13%).... 215 Am Solv & Chem, 25 Am Steel Fdy (3)... 110 Am Steel Fdy pt (7). 37 Am Stores (123)... 42% Am Sugar Ref (5). 8 Am Sumatra Tob. . 15% Am Tel & Cable (5) 176% Am Tel & Tel (9). 104 Am Tobacco (16). 104% Am Tobacco B (16).. 1241 Am Tobacco pf (8).. 53% Am Water Wks (3).. 6% Am Woolen. Am Woolen 22" Anaconda WaC )y 18% Andes Copper (1) 151 Archer-Dan M (2).. 3 Armourof Il A 2 Armourof Il B 33 Armour of Il pf (). 241 Asso Appl Ind (4) 22 Asso Dry G (2%)... 85 AssoD G 1stpf (6). 80 AssoDG24pf (7). 17844 Atch To & S Fe (10). 10215 Atch T & S Fe pf (5) 21 AtlGulf & West Ind. 18 * Atl Refining (t2) .. 7% Atlas Powder pf (6). £% Atlas Stores (nl). 101% Auburn Auté «f4) 1 Autosales. 3 Aviation Corp of 204 Baldwin Loco (1%). 881 Baldwin Loco pf 47). 6814 Balto & Ohlo (7). 104% Bambe:ger pt (6%). 11i Barnsdall (A) (1). €5 Beatrice Cream (4 106 Beatrice Cr pf (7) 50 Beech-Nut Pkg (3).. 2% Beiding-Hemingway 16, Bendix Aviation (1). % 20% HBohn Alurm & Br | \i 60 Bon Ami (A) (4).... 1% Booth Fisherie: 675 Horden Co tk3). 20% Borg. Warner (1). 1614 Brigzs Mf (1162%). 165 Briggs & Strat (2). 2 Brockway Mot Trk. . 88% Bklyn-Man Tr (4) 82% Brown Shoe (3). . Bs Bruns Ter & Ry 8 26 Bucyruscvpf ("‘/3). 4 Budd (EQ) Mfg.... 9 Budd Wheel ¢1) 11% Bullard Co. 11% Bulova Watch (3) 21% Burroughs AM t1%. 28% Bush Terminal (2%) 115 Butte Copper & Zine 23 Butterick Co 375 Byers (A M) 42% Calif Packing (4)... % Callahan Zinc & Ld. 37 Calumet & Arizona.. 8 Calumet & Hecla 11% Camp W&C Fy (1). .+ ‘anada Dry G A (3). n Pacific (2%) apital Admin pf 1 7 Car Clin & O sta (5). - Case (J 1) (8) Caterpillar Trac (t Cavanaugh-Dobbs pf Cent Aguirre As1%. Cent RR of NJ (112) Century Rib Mills Cent R Mills pf (7). Cer de Pas Cop (2). -teed Prod. er Cab (1.80).. Ches & Onio (2%). .. Chesapeake Corp (3) Chi & Alton Chi Great West pt Chi M1l St P & Pac. Chi MII StP &P pf.. *hi & Northwest (4) . hi& N W pf (7). *hi Pneu Tool. hi h! « cl « cl C Preu T pt (3%). i RI&Pac (7)...s ChiRI&P pf (6) Gleaned in Financlal District. } The last annual report shows that| the Perpetual Building Association has | Tesources of $24.000,000. On the dat of the last examination United | States Treasury, Jan 20, the asso- ciation had cash on hand amounting to $1,930,666 29, and Joens amounting 10 $22,500,000. The bankers, who visited the offices late yest'rday, were given very high praise today for the manner | in which they called attention of de- positors to the soundness of this 50- year-old institution. J. Frank White, cashier of the Na- tional Bank of Washington, is recover- ing steadily from an accident in which he dislocated or fractured his shoulder. He expects to return to the bank in & comparatively short time. Roms C, Stephenson, president of the Amcrizan’ Bank-rs' Association, and Don Ay, nresident of the Ameriean Ineilin e of Banking, are to attend tie ernua benguet of Weshington Chantar, 1. A, B. £t the Wil2~?, on Febfuary 2¢. ma'rmen 1. J. P b*ts reperts that p-acticolly all arraniements are now ecmplet~e More than 80 students have registered in the new course in r al estate which the local institute chapter is to conduct Childs Co (2.40) Chile Copper (2). *hrysler Corp (1) “ity Ice&Fuel (3.6 “ity lee & F pf (6%) “ity Stores. .. . Tuett-Ieahody (3). ‘ocu-Cola 16).. ‘ollins & Alkman. .. olonial Beucon. .. “olo Fuel & Iron (1), ‘010 & South (3).... ih 10% 26% 48 3% 105% 40% 384 1004 1% % 18% 18% 34 76% Col Gas & El pt A (§) Col G & Elpf B (5).. Col Graphoph (a% ). Columbian Carb (16) Comcl Credit (2).... Comcl Credit A (3) Comcl Cred 18t (6%4) Comel In Tr (£1.60). Comecl Bolvents (31). Cmuwith & Sou (60c) . Conde N F Congoleu Congres: Cunsol € Consol Cigar pf (7). “Hm (2) consol Film pt (2). Conmol Gas N ¥ (4). Con Gag of NY pf(5) Consol Textil Container B during the second semester now getting under way. MeCrory Stores Corporation reports an increase of 7.7 per cent in Jnnunry sales in comparison with the month last year. Today's Trading on Exchange. Trading was quite active on the washington Stock Exchange today. The first bond sale was in wumnuwn Ra'lway & Electric preferred at 87 Anacosiia & Potome=~ Rallvoad puares teed 5s came out at 95. Capital Trae- tion again closed at 40 cents on a light turnover. + Railway & Electric préferred sold at 98', Merchants Tiansfer & EStorsge common at 100, Mergenthaler at 89, 111, Sand & Gravel | ‘::u ‘Washington Loan Contl Baking A.. Contl Baking B. Contl Baking pf (') Contl Can (2%).. Contl Insur (3. 31 £5% Crucible Ste Curtis Fubiish (17) . £urtis Publish pf 1) 6014 414 1o, 4 6‘1 2 Cushman's pf (7) o Cutler-Ham (3%). Drlaware & Hud (9). hundred-share lots ted by '.he letter s (80s) (250s), Prev . High. Low. Close. Close, 10% 19% 87 23 " 9% 95 M 8% 84 9 6% 6% 9% 9% Bl 51w 154% 158 334 334 1614 17% 184 9% 9% 1108 111% 10% 1974 87 23 * 20 lym hn's lu m 3% 24 431 434 36 6% 105 106 2% 814 89% 18% 35 27% B4 % 1k 1i% % 1% 103% 103% % % 2% 2% 26% 3 76 50% 47 3 % 9 81% 11 29% 6 B4% o 105 36 " 150 in 105 36 180 90% 181 181 16% 164 17 18 25% 26% 11 204 504 159% 34% 10% 10% | ghev. 1981~ High. 184 68% 91 104 914 163% 171 4% 5% H'ln 614 8tock and Sales— Dividend Rate. Add 00. High. Domn Stores (1.20).. 6 17% Drug Corp (4)...... 18 68% Dupont de Nem (4).. 35 88% Duques Lt 18t pf (5). 1 104 Eastern Roll Mills.. 2 8% Kastman Kodak (18) ao lf-z ton Axle (1.60)... Eitington-Schild. Elec Auto Lite (6) Elec Pwr & Lt (1) Elec Pow & Lt pf (6) Eng Pub Sv (2.40) Elec 8tor Bat (5). Eng Pub 8v pt (5) Eq Office Bldg (2%). Erie RR 18t pf (4)... Eureka Vac Cleaner. Fairbrks Morse 1.60. Fed Lt & Tr pf (6) Fed Motor Tr (80¢).. Fed Wat Sv A (2.40). Fid Ph Fire In (2.60) Fifth Ave Bus (64c). Firest T& R pf 6).. First Nat Strs (214). Fisk Rubber, Fisk Rubber Florsheim 8h A (3). Foster Wheeler (2).. Fox Film A (4)..... Freeport. Tex (4). Fuller 24 pf (17.40). Gamewell Co (5).... 108 Gen Am T Car (34).. Gen Asphalt (3) Gen Bron: Gen Cable Gen Cigar ( Gen Cigar pt Gen Elec (1.60). ... Gen Elec spec (60c). Gen Focd Corp (3).. Gen G & El A (8300), 17 GenG&EIptA (7). 108 Gen Motors (3). 28 Gen Motors pf (5)... 1 Gen Pie Ink (21s)... 808 Gen Ptg Ink pf (6). . 5268 Gen Pub 8v b8% stk. 1 Gen Ry Signal (5)... 8 Gen Realty & Util. .. Gen R & Ut pf (e6).. Gen Refractories (4) Gen Theater Equip. . Gillette Baf Raz (4). am.n-;-x Rpt (5). « Gobel (Adolt). Gold Dust (234). Goodrich (R F). Goodyear Tire (5). .. Gotham Silk Hosiery % Gould Coupler. Graham-Paige . Grand Sl 8trs (h1).. Grand Union. . . Grand Union pf (2).. Grant (W T) (1) Grt Nor Ore (2)..... Grt West Sug f (7). 4 Grizsby Grunow.... Guantanamo Sugar.. Hackensack W (1%) Hahn Dept Stores. .. Hahn Dpt St pf (6%) Hall (WF) Pr Co (2) Ham Watch (1.95). Hanna pf (7)... tman Corp (B) Hershey Choe (5 Hersh Choc pf (+ Holland Furn (12%) Hollander Sons Houdallle Hershey. . Houston Oll. .. 4 Houston Oil (new) Howe Sound (4). Hud & Man Ry (3.50) Hudson Motors (3).. Hupp Motors I1iinols Central (7)., I1finois Cent pf (6). . 1llinois Cent LL (4 Indian Motor Cycle. . % Indian Refining. 4 NY Invest (120). Ingersoli Rand ( Inepiration cos -agshar Nel 40c. itfs (Md) ‘60c). Rap Trapsit. . In iro R T ¢.0.d int Agricultural IntGarriers (25¢). Int Cement (4) IntCombustion. IntHarvester (2% Int Hydro El A (e2 Int Match pf (4 Int Merc Marin Int Nickel (60¢)..... Int Pap & P pt (7)... Int Printing Ink. Int Print Ink pf (8). Int 8alt /3) Int Tel & Tel (2).... Inter Dept 8trs (2).. Inter Dept St pf (7). Investors Equity.... Istand Cr Coal (4)... 1 Jewel Tea (15)... 1 Jonnu-\lanvm- 3.5 80 “P&L 1stpf B (6) 408 114% Sou (5)... 1 40 Kayser Julius (2%4). Kelly-Spring Tire. .. Kelly-Spr T 8% pf Kelsey Hayes (2). Kelvinator Corp. Kendall Co pt (6). Kennecott Cop (2).. Kimberly Clark 2%.. 2 Kinney (G R) pf (8). 100- Kolster Radio Kresge (S8) Co 1.80. 1 Kress (SH) (1)..... 2 Kreuger & T (a1.60 Kroger Groc&Bak (1) Lambert Co (8) Lehman Corp (3). Lehn & Fink (3). Lib Ow Ford Glass Liggett & Myer (+5). Ligg & Myers B (15) Lima Locomot (m"). Loew's Inc (3). . Loew's pf xw (6% ). . Loft Inc. 2 Long Beil Lumb A Lorillard (F) Co Louisiana Oi1 Ludlum Steel McIntyre Pore M ( McKeesp TP (14%). McKesson & Rob (1) McKes & R pf (3%). McLellan Stores. Mack Trucks (1) & Ca (nt3). ... \'n ‘ma Copper (3) .. M=n Eley mod g (db) Manhat Shirt (1. 108 2 N9 AR xlnswan anEsb-~Rale—pnn Marine M1 (1.20)" Marmon Motor Car. . Marshall Field (2%) Mathieson Alkali (2) May Dept Strs (n2).. Minn Moline Pow. Mo Kan & Tex (a3).. Missouri Pacific. .. .. Monsanto Ch (21%). Montgomery Ward.. 18 Mother Lode. Motor Meter Motor Wheel (3) Mullins Mfe Murray Corp Nash Motors (4) Nat Bella Hess. .. Nat Biscuit (2.80)... Nat Cash Reg A (3). NetTasal e e Nat Lead nf A (7). Nat Pow & Lt (1), Nat Radfator. Nat Steel (2) Nat Supply (6).. Nat Rurety (5) Nat Tes(1)... vada Copper (1) port Co (2). XY Central (8). P Ter T T N YNH & Hart (6). N Y Steam 18t pf (7) 108 Norf & West (112).. b5 2 North Am Awviation.. 6 T4 20 'Il% 86% 874 10414 104% mm Market Shows Slight Reces- P D. C, THURSDAY “cnccurxginz development was the re- " AIRPORT INDUSTRY STOCKS ARE LOWE INSHALL TRADING sions After Recent Three- Day Advance. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, February 5.—Reversing its direction, the stock market turned downward today but again on small vol- ume and with loeses of only a point or two, so that the movement had no more significance than the one on the side of advance yesterday. It was difficult to trace any connec- tion between the course of prices and the day’s news save in one Or two isolated instances. Perhaps the most covery in the bond market, removing from the field of ditcussion, for the present at least, the veterans' adjusted compensation legislation. The General Motors report which came out mmlfm was about as had been expected. It the street to speculate not on the re- sults of the year that has closed but on the outlook for sales of motor cars in the season that is to come. General Motors. As far as the fluctuations in General Motors were concerned, the market was suspending judgment on the future. The stock was a shade lower in the | e2rly trading, but that was in sympathy | with the rest of the list. Conditions in | the copper metal market could hardly | be more unsatisfactory, with the price back to the low of last Fall, which was the lowest in 35 years. = Anaconda, | representing the leading factor in the | industry, dropped back a point or two without, however, bringing out any large offerings. During the flr-t hour there was what appeared to be a concerted bear raid, with hen selling of United States Steel, evidently designed to produce general llquld‘thm Prices gave g one to two points and then, althoug! they did not recover much, volume fell off ‘and trading turned extremely dull. Leaders Quiet. ‘The high-price volatile stocks, which had been so conspicuous earlier in the week, gave a relatively tame perform- ance. Eastman Kodak; after its run-up | of over 4 points Wednesday on expec- tation of announcement of an improved film manufacturing process, met realiz- ing and came down over most of the ground gained. Auburn = Auto was forced back to a loss of nearly 4 points, subsequently regaining a part of the de- cline. Up to noon Worthington Pump ( merely marked time. On stock that was plainly readjusting its price to an anticipated unfavorable e-rmngs statement was United States Industrial Alcohol. During the first two hours Alcohol slumped almost 4 ts to a new low for the year. Utilitles were irregular. Western Unicn had a setback and American Telephone & Telegraph was off a point, but the lower-priced stocks were well supported. Early Market Lower. Stock prices worked lower in mod- erately active early tr United States Steel nuer oPenln fractionally lower, eased to 139%;, of 13 points. This ptcturefl the deprecia- tion in most other active issues, in- cluding Air Reduction, American Can, Columbian Carbon, Case Threshing, Fox Film A, Mn ‘Woolworth and Worth- mtmn xodnk was & particularly weak feature, dropping to a net loss of 6 points at one time. An important an- souncement 18 said to be impenaing re- garding this compzny. Money renewed unchanged at 11; per cent. In the first half hour trading smounted to about 300,000 shares. In the railroad list, the onlv active issues were Baitimore & Ohio, New York Central and Union Pacific, all of which were slightly lower. Anaconda and Nevada were fractionally lower, but Kennecott made a small gain in the mine group. Auburn was the most active motor stock, running down 2 points after opening higher. General Motors and du Pont were fractionally off. Oil shares were dull., Utilities were slightly lower IN $100,000,000 CLASS Expansion Shown by Report of Department of Commerce. D. C. Facilities. The airport industry in the United States has graduated into the $100,- 000,000 class. A survey completed by the Aeronau- tics Branch, Department of Commerce, | shows that at the close of 1930 a capi- tal investment of $115,068,500 had been made in 1,113 airports established in this country by cities, business corpo- rations and individuals. Expenditures planned for the expan- sion of airport facilities is listed at $20,225,000. The report credits the District of Columbia with two alrports of the commercial and private class. The average investment in these airports is $446,000 and the total $892, the report states. Total expenditures plan- ned during the last half of 1930 and ;x;l;fllo on these airports was listed as ‘The report shows 142 acres in use in the District for commercial and pri- vate airport purposes, for which $750,- 000 was paid as the purchase price and on which $100,000 was spent for clear- ing and grading and $1,000 for drain- age. A total of $27,000 is listed as having b:en spent for hangars on the District fields; $7,125 on shop, fire- fighting and fueling equipment; 000 on administration and other buildings and $2,500 on miscellaneous expenses. Anticipated expenditures on the Dis- trict airports during the last half of 1930 and in 1931 were listed at $25,000 for administration and other buildings and $5,000 for lighting. PARIS BOURSE PRICES. PARIS, February 5 (#). — Price changes were irregular on the Bourse today. Three per cent rentes, 88 francs 55 centimes. Five per cent loan, 102 francs 15 _cent.mes. Exchange on London, 123 francs 92 centimes. The dollar was quoted at 25 francs 50%: centimes. FEBRUARY "5, 1931 DIVIDENDS EARNED BY GENERAL MOTORS Net of $3.25 a Share Reported for 1930—Special Profit. Special Dispatch to The Star. NEW YORK, February 5.—Earnings of the General Motors Corporation in 1930 were sufficient to cover dividend requirements, with a substantial margin to spare. rting a net of $141,560,~ 332 !or common stock, or $3.25 a share, the corporation made the poorest show- ince 1925. e 1930 net compares with $238,- 803,587 in 1829, or the equivalent of $5.49 a share on common stock. The preliminary report for last year, issued yesterday, gives only the bare income figures, in adidtion to the fact that the regular quarterly dividends were de- | clared on the common, preferred and debenture stoeks. “Subject to final audit,” says the re- port, “‘net operating earnings for the year ended December 31, 1930, amount- ed to $141,616,131. In addition to this, the non-operating and non-securring earnings amounted to $9,482,861, after providing for taxes, etc. 'his makes the total net earnings of the corpora- tion, both operating and non-operating, $151,098,992. “After deducting dividends of $9,538,- 660 on the preferred and debenture stocks, the results available for the com- man stock are $132,077,471, applicable to operating earnings, and $141,560,332 applicable to total earnings. This is equivalent to $3.04 a share on the com- mon stock in the former case, and $3.25 a share in the latter case.” Total sales of General Motors to dealers |In 1930, including Canadian sales and overseas shipments, amounted to 1,174,- 115 cars and trucks, against 1,399,267 in 1929. Total sales to dealers in the | United States last year aggregated 1.- 035,660 cars, compared with 1,535,852 in Money to Loan Secuzed by first deed of trast on interest and comm .lmpil Weller A state Saperviston On our liberal 20 monthly repayment plan. No indorsers required. A strictly dignified and confidential service. Muryhnd Pemnal Bnnllen, 3,50r10 Year Loans On Improved Real Estate IN SoURRY MONDTOMERE DISTRICT OF COLUH"’.XA LOWEST INTEREST RATES BOSSEFHELPS Founded 1907 Loan Correspondent John Hancock Mutual Life 0. Insurance 1417 K St. National 9300 The Guaranteeing Trade Mark Satisfaction MANY an hour is lost in shop- ping. How often you need an article and guess wildly as to where it may, be obtained? If it's the usual in Office Equipment call National 9176. Here you will find in stock all of the usual lines of Office Equipment and in addition such items as— Storage Cabinets Typewriter Stands Perpetual Calendars Telephone Book Covers udget Books esks, Chairs, Ete. We're Rightly Called the Business Man’s Department Store S’I'OCKET"I‘- FISKE CcO SR WASHINGTON-D-C First Mortgage Loans On Improved Real Estate in the District of Columbia and Nearby Maryland and Virginia for 3, 5 or 10 year terms on your Home Apartment 512% Office Building Business Property RANDALL H. HAGNER & COMPANY MORTGAGE LOAN MYuiuhlnmCm the previous year. During 1930 General Motors dealers in the Unifed States de- livered 1,057,710 cars w consumers, against 1,498,792 in 1920, m report for last year gives no fig- ures as to the cash position of the cor- poration and does not include a con- solidated income statement or a balance ;lh't;*t ‘The detailed figures will be issued ater. H-ny.-l-ludhlaflu First Deed of Trust 6% Interest The Edinburgh Burgess Golfing So- | clety was founded in 1735. | REAL ESTATE LOANS Made at l.ow Interest Rates Investment Experience Municipal, Legal and Guar- Shoreham Building Stocks, Common Stocks All well mru Fixed Trusts Robert C. 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Ample funds, lower interest, prompt ap- provals, valuable prepayment privileges. Three-year loans on newer properties without amortization 3% + H. L. Rust Company ESTABLISHED 1889 - & 1001 7i Loan C