Evening Star Newspaper, February 6, 1931, Page 13

F BANKERS APPONT HOTEL COMMTTEE Additional Aids Named for! Annual Convention .of D. C. Association. Members of the Hotel Committee have been appointed by Frederick P. H. Siddons, general chairman of the 1931 Convention Committee of the District of Columbia Bankers' Association, it was announced today. In addition to Luther E. Schreiner, chairman, and J. T. Exnicios, vice chairman, previously announced, the members of the committee are as fol- lows: J. D. Howard, president, Seventh Street Savings Bank; Louis C. Eckloff, assistant cashier, National Metropolitan Bank; H.. G. Meem, vice president, Washington Loan & Trust Co.; F. Cunibert, president, International E change Bank: W. R. Lewis, cashier, Northeast. Savings Bank: Thomas P. Hickman, vice president, Franklin Na- tional Bank; R. L. Flather, assistant secretary, American Security & Trust Co.. and R. L. Schreiner, president, Bank of Brightwood. Perpetual Shows Soundness, The end of the run on the Perpetual Building Association was a major topic of discussion in finaneial circles today, Expressions of gratification at the conclusion of the run werz general, Success of the institution in withstand- ing the two-day withdrawals, backed up by the support of Washington banks, was said to have been a substantial factor in_increasing public confidence. This confidence, bankers admittzd, had been showing signs of nervousness since the recent failure of a big invest- ment house here, and the acid test| through which the old Perpetual passed | during the past two days was said to | have done more than anything else to| restore confidence in the soundness of | financial institutions of this city There were many expressions of pro- found regret that such a situation should have developed, and that an in stitution with “100 per cent reputation should have been subjected to such an experience. But now that it is over, as one banker expressed it, speaking generally for the good of the whole financial situation here in the city. “it couldn't have happened to a better one.” 1 Baltz's Statement. In a statement issued today, Edward | C. Baltz, secretary, said his institation | had returned to “normal.” He ex pressed_appreciation for the co-opera- tion offered, for the confidence of the majority of the patrons, and explained that it was not necessary for the Per- | petual to use the financial assistance tendered by the Washingten ba “We expect to participate.” he “during the coming months in the grad- | ual revival of business prosperity in this | community, which we believe will soon become an assured fact.” | Capital Traction Income. | An increase in net income of the | Capital Traction Co. for December lsi shown in the monthly report filed y terday with the Public Utilities Com- mission. December was the fifth month | of operation under increased fare. i December net income was $67.651.96, which was an increase of $411.69 over the same month in 1929. For 12} months, however, net income was $489.- 339.72, which is a decrease of $72,634.70 | under 1929, | Corporate stock and bond financing in January totaled $629.800,000, against $141,800,000 in December, $764,300.000 in January, 1930, and $1,218,800,000 in January, 1929, according to the Stand- ard Statistics' Co. of New York. The trend toward issuance of bonds instead of stocks is still pronounced. bonds accounting for $545,100,000 of the $629,- | 800,000 total last month. During the last half of January the slight \ln'gnvemenl evident in Americs said, | INANCIA '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 those stocks were sold in odd lots. Individual sales compiled to nun!—netllpm in 5:30 Editien. tes— ~Prev. 1031 High. Low. 101% 100 Stock and Dividend Rate. Abraham St pf (7) 211 ' 16 Adams Exp (1.60)... 87 kol 103% " % 881s Adams Exp pf (5)... % Ahumada Lead...... 9215 ‘Afr Reduction (t414) 7% Airway El1 Ap (60c). % Ajax Rubber........ 7 Alaska Juneau (40¢c) % Alleg COrp....... 9% All 4 15313 All 827 Al] 1715 Amerada C Am Agri Ch of Del 20 54% Am Ban} 32 Am 1225 118 Am 114 8% Am 115% 106% Am 3413 27 Am 3 29% Am 87 Am 38% Am 9 Am 19 Am 26% Am 74 Am 85% Am 68 Am 7 Am 47% Am 23% Am 1815 Am tw Am 20% Am 724 Am 31 Am 315 Am 16% Am 24% Am 50 45 Am 947 Am 18% 15% Am 145 142 Am 9% 7 Am 84% 27% Am 64% 57 Am i % Am 4615 404 Am 13 Am 37 Am 215 Am 6% Am 25 Am 37 Am 42% Am 8 Am 176% Am 104 Am 1043 Am 124% Am 90 Am 53% Am 101% Am 67s Am 21 Am Am D eg Cp §3 % ied Ch & Dye (n6) is Chalmers (3).. Alpha Port Cmt (2 rp (2). ote (13).. Br Shoe (2 40) Br Sh & F pf (7 Brown Bov Elec. Can(15). .. .00 Car & Fdy (6)... Chain (3) s Chain pf (7). Chicle (13)... Comel Alcohol European Secur. & For Power. & For Pw pf (6). & For Pw pf & For Pow. Hawalian SS Home Pr (4.20).. lce (3). Internat g La Fr & Foamite Locomotive (2). Locomot pf (7).. Mch-& Fdy 1.40.. Mach & Metals Metal Co.. .. t Gas pf (7) Cews (j14) Pow & Lt (11). Pow & Lt pf (6). Rad & St San (1) Rad & S S pf (7). Republics. ; Roll Mill (n2). Safety Razor ( Ship & Com Sm & Ref (4)... Sm & R 2d pf (6) nuff (1314). . Solv & Chem. ... Solv & Chem pf., Steel Fdy (3) Stores ( Sugar Ref ( Sumatra Tob Tel & Tel (9) Tobacco (16). .. Tobacco B (16) . Tobacco pf (6) Type Fdy (8). Water Wks (3).. Wat W 1st pf (6 Woolen. . Woolen pf. a pf. 29% Anaconda Cop (2%4). 90 Anc hor Cap pf (614). 13% Andes Copper (1) . 15% Arc 3 Arm her-Dan-M (2) nour of 111 A 2 Armourof 111 B 33 Armour of Il pf (7). 5 Artloom Corporation 1008 24'% Asso Appl Ind (4). Asso Di G (2%) 178%4 Atch To & S Fe (10). 1025 Atch T & S Fe pf (5). 105 31 18 Atl Atl Coast Line (110). Atl Gulf & West Ind. Refining (12 87 Atlas Stores (n1) 101's Auburn Auto (£4). 3 Aviation Corp of Del 20% Baldwin Loco (1%). 8R1; Baldwin Loco pf (7). 20s 681 Balto & Ohio (7). . 724 Balto & Ohio pf (4).. 11% Barnsdall (A) (1). Beatrice Cream (4).. 50 Beech-Nut Pkg (3) 214 Belding-Hemingway 167 Ben: dix Aviation (1). 32% Best& Co(2).... 45% Bethlehem Steel (6). 114'; Bethlehem St pf (7). 24 1615 20% Boh: 7 .Booth F Blaw- Rloomi nox (1%) ale Bros. n Alum & Br 1%. 15t pf. 6715 Borden Co (k3) 20% Borg, Warner (1) 16's Briggs Mf (11.62%). 2 Brockway Mot Trk 58%, Bklyn-Man Tr (4) . 2008 10 1308 4 14 12 1 1 1 10 2 162 4 43 10 6 14 16 86 2 4 2008 19 100 20% 87 ». 9674 ' 1% 9% 9% 5a% 159 aan 17% 184 227 58% k2 121% 9" 112% 32 33 85 43% 10% 24% Add 00, High. Low. 100 19% 87 * 951 8 % - 9 9% 54% 1571 33% 17% Prev. Close. Close, 100 100 204 19% 87 87 % % 96 95 9 1% "% 914 54% 1574% 34 17% 18'4 22% 58% 344 121% 9% 111% a2 33 85 431 ~Prev. 1931~ High 17% 5% 5% 504 104% 584 35 514 25 7 20 431% 9014 Ty 30 63 45% % 2% 57 28% Low. 13% 34 50% 38% 100 50% 28 4% 20 5% 15% 41 87 61 22 58 ~= _Stock and Dividend Rate. Eaton Axle (1.60). Eitington-Schild. Elec Auto Lite (6)... Blec Pwr & Lt (1)... Elec Pow & Lt pf (7) Elec Stor Bat (5).... BEORR.(.oiuoivvee Evans Auto Loading Exchange Buf (1%) . Falrbanks Copf..... Fashion Park As pf. Fed Lt & Tr (31%5).. Fed Lt & Tr pf (6) Fed Motor Tr (80c).. Fed Wat Sv A (2.40). Firest T& Rpf (6).. First Nat Strs (2%). 4 Fisk Rubber........ 4 Gamewell Co (5) Fisk Rubber 1st pf Foster Wheeler (2).. Fourth Nat Invest Fox Film A (4)... Freeport, Tex (4). Fuller Co pr pf Gen Am Investors. .. Gen Am T Car (14).. Gen Asphalt (3)..... Gen Bronze. ... Gen Cable Gen Cable A. Gen Cable pf (7). Gen Cigar (4) Gen Cigar pf (7). Gen Elec (1.60) Gen Focd Corp (3) Gen G & EI A (e30¢). Gen G & El cv pf (6). Gen Mills (3). . Gen Mills pf (6). Gen Motors (3)... Gen Motors pf<5) ... Gen Outdoor Adv. ... Gen Pub 8v b6 % 8tk. Gen Ry Signal (5)... Gen Realty & Util. .. Gen Refractories (4) Gen Theater Equip. . Gillette Saf Raz (4). Gillette Sat R pt (5). Gimbel Bros. Glidden Co. Gobel (Adolf) Gold Dust (234).. Gold Dust pf (6 Goodrich (R F). .. Goodyear Tire (5) .. Goodyear 15t pf (7). Gould Cotipler. Graham-Paize. Granby Consol (2) Grand Sil Strs (h1). and Union........ and Union pf (3).. anite City St (3).. Grant (W T) (1) orth pf €5).. or Ore (2)..... Grt Western Sugar. . Grigsby Grunow.. Guantanamo Sugar. . Gulf States Steel Hahn Dept Stores Hanna pf (7). Harb Walk Re 5 Hartman Corp (B) Hawalian Pineap (2) Hayes Body...... Hershey Choc (5). Holland Furn (12%) Hollander Sons Houdaille Hershey. . Houston Oil. .. Houston Oil (new Howe Sound (4) . Hud & Man Ry (3.50) Hudson Motors (3).. Hupp Motors Tllinois Central (7) Indian Motor Cycle. . Indian Refining Ingersoll Rand (16). Inspiration Copper Insuranshar Del 40c. Ins ctfs (Md) (60c). Interb Rap Transit. . Interlake fron (1). Int Agricultural. . Int Bus Mach (n6) Int Carriers (25¢)... Int Cement (4). . Int Combustion Int Comb Eng pf. Int Harvester (2%). Int Harvester pf (7). Int Hydro E1 A (e2). Int Match pf (4).... Int Merc Marine (2). Add 00. High. Sales— 2 15% 1 5% 14 56% 35 48% 3 104% 3 57% 2 30% 1 5% 5% 190s 21 20 108 6 6 1 A8 18 2 42 42 208 88 88 16,9 7 1 28% 8 561 26 447 7 [ 2% 54ly 2714 15 5% 55 47% 104 57% 30% 108 46 6 51 13 308 . 108 10915 44% 5114 5% 2% 46% 9614 3815 98 - 8w 18% T4 614 50 3 2% 6% . 2% 68 4% 9 16 41% 84 5 4% 16 22 208 e 2% 4 1711 ™ ™ 77 26% 1315 a1 160 1% 55% 3 29 5014 141% 25% 59 16 14% 3%, W - 15 5% 56% 4% 10415 58 30% 5l 21 6 18 42 88 T 284" 5T 5% 5 2% 541y 28 3314 344 109'% 44% 52% 5% "62% 45% 9614 " 38% 988 8% +16% ‘T4% B4 51 134 278% 68 4% 9 57x 36% 111 16% 42 84 6% i 16 224 13% 3914 22 30% 6714 8% 86 2 4y 172% ™ ™ T 29% 1315 au 160 1% 5% £ 30% 521 141% 25%, 62 16 143 3n STOCKS N RALLY Prev. Low. Close. Close. 14% 54 554 AT 104 58 307% 5l 20 ON LIGHT TURNOVER Lower-Priced Stocks Fa- vored by Buyers—Motors Are Active. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, February 6.—Again re- versing its course, the stock market to- day rallied almost as much as it had declined Thursday. Perhaps the gains were not as large as the losses had been on Thursday, taking the list as a whole, but the upward movement looked more substantial than the downward trend had appeared. It was the lower priced stocks which were the most conspicuous in the early trading. One of tie features was Dia- mond Match, which made a new high for the year, selling over 3 points above where it was at the beginning of the week. International Matoh preferred was in demand, but whether the two movements had anything in common could not be learned. Radio Advances. Radio was bid up to a new year's high and United States Pipe & Foundry pushed along into new high ground. In these low-priced issues there is little opposttion to pool operations from the bear element, which nowada; trates all its efforts on what used to be the blue chip stocks, but now look more like red chips. Auburn Auto was the leader of the volatile type and was bid up to a new high above $150 a share. This is al- most 50 points above its low for this year. Checker Cab Manufacturing went | to a new high to the accompaniment of reports of important trade develop- ments. General Motors, during the morning_hours, duplicated its previous high. The local tractions were out- standingly strong, with Brooklyn-Man- | hattan Transit and Interborough Rapid | Transit both at new peak prices. Other Changes. Elsewhere in the list Eastman Kodak responded to the announcement of a new film-making process with a rise of several points, United States Steel ral- lied a point or so and Bethlehem Steel was higher, as was Coca Cola. On the BETHLEHEM STEEL COMPANY EXPANDS Corporation to Acquire McClintic- Marshall Firm—Teérms Announced. Special Dispatch to The Star. NEW YORK, February 6.—Bethlehem Steel Corporation announced yesterday that it will acquire McClintic-Marshail Corporation for 240,000 shares of Beth- lehem Steel common stock and $8,200,- 000 of 41> per cent serial notes matur- ing in 10 equal serfes annually com= mencing January 1, 1932. Assuming that Bethlehem be faken at its closing price of Wednesday, which was 52, this would make the payment for McClintic- Marshall approximately _$32,680,000. This latter figure includes the assump- tion of $12,000,000 of McClintic-Mar- shall bonds now outstanding. The payment of 240,000 Bethlehem common shares will not involve any cap- | italization increase, for that amount will be taken from stock now in the Treas- ury. H The Mellon interests of Pittsburgh, which have owned a controlling inter- est in McClintic-Marshall, will as a re- sult of this purchase become large shareholders in Bethlehem. C. D. Mar- shall, one of the founders of McClin- tic-Marshall and its principal executive | officer throughout its existence, will continue in an advisory capacity and | probably will become a director of Beth- lehem Steel. This move 1s just one of a series of simjlar actions about to be taken by Bethlehem, which contemplates event- | ually a further expansion into the structural steel industry. SII:VER Q‘UOiTA’i‘IOrNS. NEW YORK, February 6 (#)—Bar silver, 2615. Money to Loan Secured by first deed of trust on real estate. Prevailing_interest and commission. Joseph 1. Weller First Mortgage Loans In Arlington County and Alexandria, Virginia Commonwealth Investment Co., Inc. 806 15th St. N.W. Phone National 2623 Mortgage Loan Correspondent for The Prudential Insurance Co. of America 420 Wash. L. & Trust Bldr., 9th & F N.W. other hand, selling broke out in Ameri- can Rolling Mills and that sfock dipped | to a new year's low. J. I Case. which is supposed to harbor a large short in- : terest, was.noticeably steady. The market took its cue from bonds |- and from the Washington dispatches | forecasting a compromise on the bonus | issue and predicting there would be no extra session. The improvement in the grain markets was also helpful. It did not obtain any inspiration from trade sources. Estimates of railway earnings for January, which will not begin to come out publicly for a couple of weeks, were discouraging. There was nothing good from the copper metal market and the same could be said about the steel industry. Nevertheless, the impressive feature, to traders at least, was the abjl- ity of the market to ignore the bad news and to reflect the good. Early Market Firmer. The market turned firm after a lower opening. Neither the ifitial losses nor the subsequent ~ advances - were large, and the trading was the slowest of any opening this year. The pressure on United States Steel } which was a feature of ‘Thursday’s| trading, seemed to have lifted, and the price advanced 1%’ points above its low for the year. Bethlehem Steel also was higher, though Republic Iron & Steel and Vanadium were unchanged. Money renewed at 12 per cent, unchanged. During the -first half hour trading amounted to abont 100,000 shares. See Us About Real Estate Loans We have first mort- ) On our liberal 20 monthly repayment plan. No indorsers required. A strictly dignified and confidential service. N Maryland Personal Bankers, INC. 105 Georgia Ave., Silver Spring, Md. \ rd 2854-33. %tge money to loan or buying, building, of refinancing com- pleted properties. Come in and Talk it Over: REAL ESTATE MORTGAGE & GUARANTY CORPORATION 1610 K St. N.W. Call National 1403 New York Bank Compa ny Lid. R Analytical veport on request M. J. MEEHAN & CO. Members New Vork Stock Exchange 61 Broadway New York Washington Office Hotel Washington . Yor 5.8 or 10 vears. 1520 K St. N.W. You Can Now Buy North American Trust Shares *America’s Lavgest Fized Investment Trust At $10 Monthly Now, for the first time it is pos- sible for the small investor to share in the same security as has been purchased by the wealthier and more discriminating investor. North American Trust Shares represent participating ownership in 28 common stocks all listed on the New York Stock Exchange. The distributions on_these shares are compounded semi-annually for 10 years to produce a Fund assur- ing financial independence. “Independence Fund” makes it possible to purchase Participations in North American Trust Shares in amounts as low as $10 monthly or any multiple. Send coypon for complete details. *Over $150,000.000 purchased by investors. Perot, Adair & Co. INCORPORATED SHOREHAM BUILDING #00 FIFTEENTH STREET NORTHWEST — = —INFORMATION COUPON=~ ===~ Kindly send me full tai] ¥ Name fter 70 Years We Continue to Specialize Decorative Offices - e Now Offer Through On Departmen Floor Coverings, Curtains, Business and Institutional Furniture ontract Prices W. D, Moses & Sons BUSINESS FURNITURE DEPARTMENT NAFE E'‘LR ST MORTGAGES Trust Shares senting an approximately equal investment in the stocks of .19 of the leading banks and trust companies in New York City, selected because of: trade aftef the turn of the wg‘r out, according to Business Week. The business fndex has been sagging for three weeks, and as the month closed it ‘was slightly under the December low, at | 76.8 per cent of normal, by preliminary | figures, agamnst 78.7 in+ the previous | week and 94.1 per cent im the corre-| sponding week last year. 5 | w Commodity Price Drop. The January level averaged about the IDEAL INVESTMENT FOR SMALL SUMS You do not have to wait until you have a considerable amount of money for invest- ‘ment to enijoy the benefits of our 6% FIRST MORTGAGES They offer ideal investment for the small investor—assur- ing to him' the same return as that enjoyed by those investing large sums—and with the same security. Int Nigkel180e) . ... 85% Bklyn Man Tr pt (6). Int Paper e 8 Bklyn & Queens 112% 103 Bklyn Union Gas (5) 124 10% Bruns-Balk-Col doe 1k, 0k, Bueyrus (... 7 3 & 30% 25 Bucyruscvpf (23%). 3 11% 9 Budd Wheel (1)..... ;:L:g:ggfl;“ . 17% 11% Bullard Co 15% 11% Bulova Watch (3)... Jewel Tea (15). 51 34 ,Burns Bros A (8) . Johns-Manvil (3 26% 21% Burroughs AM t1%. Johns-Manv pf (7) sam above | 28% 23% Bush Terminal (212) Kans City Sou (5). .. me:m:rfi?:;nu?rrj'sbfll;t:muw;g iron| 104 100% Bush Term deb (7)., Karstadt(R) (a1.03). output—first since last April—may be 2 1% Butte Copper & Zinc. Kelsey Haves (2). another sign that the low ‘point was| 15 12% Butterick Co. . Kelvinator Corp. in December. But the recent| 48% 37% Byers (A M), - Kennecott Cop (2). slackening of the rate of improvement % Callahan Zine & Ld. . Kinney (G R) pf (8) .110s in_steel, coal and power production, 8 ' Calumet & Hecla.... Kolster Radio. . ... building, car loadings and check pay- 11% Camp W&CFy(1)... Kresge (SS) Co 1.60. ments suggests how irregular, feeble and 29% Canada Dry G A (3). Kreuger & T (a1.60) ; rotracted recovery is likely to be when 381 Can Pacific (2%). ... Kroger Groc&Bak (1) t is left merely to the “invisible hand” 17%. Cannon Mills (1.60) - S bt Oy and like “natural” forces within busi- 98 Car Clin & O sta (5)+ Lo 6 AN ness itself, without the support and 81% Case (J 1) (6) TLeh Port Cmt (1) stimulation’ of external factors brought 26% Caterpillar Trac (14) Lehman Corp (3) to bear by mntelligent, courageous and | 24 Cavanaugh-Dobbs Pt ot co-operative banking policies. | 2 “elotex Copf. : Lib Ow Ford Glass Moreover, the steady downward drift | 20 Cent Aguirre As1%. Liggett & Myer (15). of commodity price levels, the widening | 214 Cantury Rib Mills, , . B B (1h circle of debt repudiations or moratoria, 23 Cer de Pas Cop (2) 14 Lima Locomot (m2). the increasing political chaos and con- | 2% Certain-teed Prod. 1 e b flict precipitated by group resistance to 17% Checker Cab (1.80)..15150823% Liquid Carbonic (4). deflation show that the mere postpone- 397 Onseds ORIC LSMIL o+: 1 448% e e ment of recovery is not the worst danger 40 Chesapeake Corp (3) 4% Yoekta pTww (83 in the blind acceptance of this process. | 6% Cbi Great Western. . 6% ety o2 Sooner or later it must be checked by Y Chi Mil St P & Pac. .. 7 Sreor SLERRY deliberate effort. hi Mil St P& P pf.. 13% Lorillard (F) Co. Lorillard (P) pf (7). 5 2 4 5 - R hi & Northwest (4). 9 RUSSIAN LUMBER CARGO | -y Rl T EEA () CAUSES SPANISH PROTEST % | 1 7 378 134 12 38 2614 1% ™ 451 46% 61% 62 124% 124% 0% 40% Fla 5% 26% 28 11% 11% 2815 28% 62 62 1% 1% 268 26% 22% 23% 264 2T 81 81 3% 3% 135 10 60% 60% 27% 29 1% 1% 90 90% 90 90% 291 29% 31 81 46 4614 52 52 95% 95% 4% 4% 50 50 144 15% 91% 4t 30 109 13% 36 40 3914 6% 15 34% ™ 38 894 5% 1% 5% 361 59 378 131 12 39% 27 17% ™ [IPEE LTI PRI FPPRITSTEEIE- s PP e i $ 2 For Purchasing or Refinancing D. C. Property LOANS MAY BE ARRANG- ED WITH THIS INSTI- TUTION ON VERY CONVEN- IENT TERMS. WE SHALL BE GLAD TO GO OVER THE DETAILS OF OUR LIBERAL PLAN WITH YOU. Open Daily 9 to § Saturdays Until Noon NAtional 1381 their notable records of growth—the stability of their earnings—their long unbroken dividend records —the character of their management—the market- ability of their stocks. Ower a Third of a at the market, about $8% Price, 20 7 Complete details on request Robert C. Jones & Co., Inc. INVESTMENT BANKERS Shoreham Building Met. 2022-23 “Consult Us About Your Investment Problems™” Century Without a Loss “ 949 NINTH ST., N VISION OF NOER SUPER! 0.3 TREASUR) May be purchased in amounts from $250 up. B. F. SAUE CO. National 2100 i 925 15th “St.. NN\W. RENTAL MANAGEMENT We solicit the Rental Management of your property whether Apartment, Residence or Business PROMPT REMITTANCES Our organization is complete as to securing tenants, making collections and supervision of repairs, Without obligation to you we would be glad to discuss this with you. 24-hour Telephone Service Randall H. Hagner & Company Mortgage Loan Correspondent New York Life Insurance Company 1321 Connecticut Ave. N.-W. Phone Decatur 3600 Ludlum Steel. Ludlum Steel pf. McCrory A (2).. 14 McCrory B (2)...... McKeesp T P (143%). 1 McKesson & Rob (1) . McKes & R pf (3%). McLellan Stores. . Mack Trucks (4) Macy & Co (nt3).... 17 Mad Sq Garden (60c) 2 Manati Sugar....... 808 Manati Sugar pf.... 508 Man Elev mod & (d5) 40 Manh ev gtd (7). 208 Manhat Shirt (1).... Maracaibo Oil Exp Marine Mjd (1.20)... Marmon Motor Car. . Marshall Field Mathieson Alkalf ( 1ay Dept Strs (2} Maytag Co. Melville Shoe (2). Met-Gold of (1.89). . Mexican Seaboard. .. 11 Miami Copper. : Mid-Cont Pet (2).... Midland Steel (3). Min Hon'w Reg (4). Minn Moline Pow. Minn & St Louts. 3 Mo Kan & Tex (a3).. ontl Baking A, 24 Mo Kan & Tex pt (7) 21, Contl Baking B 10 5 Missouri Pacific..... 4 Contl Baking pf (8).. 1 Mohawk Carpet. Contl Can (2%)..... 4 Monsanto Ch (81 & Contl Dia Fibre (1). Montgomery War Contl Insur (2.40) 3 Mother Lode. ....... » Contl Motors Motor Meter G & Fl. « Contl Ol of Del, 1 otor Products (2).. 2 Contl Shares (1) 4 Motor Wheel (3) 85 Corn Prod (13%). 9 % Munsingwear (3). « oty Ine. o S Murray Corp.... Cream of W1 O 2 Nash Motors (4) Cr Cork & Seal 2.40.., it Crown Zellerback. . . y Cudahy Packing (1) N B s Curtis Publish (17) : Curtis Publish pt (7. Nat Biscuit (2.80)... urtiss Wright Corp. 1’ 613 37 Curtiss Wr Corp A.. 105 100 Cushmaw'spf (7)... 41 35 Cutler-Ham (3%)... 22 20% Deere & Co (1.40).. 5 151 141 Drlaware & Hud (9). i 1 100% 94 “hi Pneu Tool. 1 hi Pneu T pf (3 *hi R 1 & Pac (7) . 1& Pacpf (7). By the Assoctated Press. hi R 14 Pac A cargo of about 1,500,000 surface | .‘;;Jl‘;g,_’;fl‘z«fw‘)’{""‘f feet of Russian lumber was discharged “nrysler Corp (1) ... recently at the Spanish port of Tar- "ki"i\:el"?‘fiz). rangona and it is reported that strong P protests have been made by the Spanish lumber trade. The Department of Commerce has been advised that a Spanish_govern- : ment decree of January 24 last, 3 3. 3 tripled the Spanish import duties on . - lumber of common woods, cooperage | S cax i pLRAS) and box material from those countries i ottt BATE (16) not having a commercial treaty with SBE Gon bl Createid)s o: Spain. The rates for such countries T e st ks were already over three times the rates | G e (anieny. for such goods from countries having oy T e a commercial treaty, thus the last T e bl month's decree puts the ratio at about )6 Sorad nelventen): The decree also requires certificates | b g of origin on imports of $hese classes b s i i Russian softwood lumber is included ")u Consol Cigars (5). in the customs classes affected, as Rus- st et L sia has no commercial treaty with B Coeol Gl pr otb%. Spain. Other principal European | s el Lyt L countries customarily supplying Spain vt sl with lumber, as well as the United » Consol Gas N ¥ (4).. States, have commercial treaties. on Gas of NY pt(5) 704 S E 3 s ot THERE Coca-Cola (6) . 34 Colgate-Pal-P (2%). 3 Collins & Alkman. 4 1 5 1 IS' NO SUBSTITUTE FOR, SAFETY Colonial Beacon. 15 5 408 Take Away the Burden P N O P I Y of Home Owning We have assisted hundreds of people in Washington and nearby Maryland and Virginia in the purchase of their homes. The Metropolitan Life Insur- ance Company. through its cor= respondents all over the United States, deve]oped a loan p]an to meet the needs of the average hflmc buyer- 131 25 51% "~ Y% 23% 811 36 16% 22 20% % 2% 37 14% 30 13 31% 8 5% 25% 8% 34% 42% 26 119% 119% 36% 35% 1 1 % % 44 44y 107% 107% 1% 51% 1% 17% 17% 17 11% 10% 114 104 f§ 1245 1214 1205 12450 & 915 F St. 1 11 1 10% (Continued on Page 14.) CHICAGO CURB CALLS Equitable Co-Operative Bldg. Assn. Organized 1879 51st YEAR COMPLETED JOHN JOY EDSON, President WALTER S. PRATT, Jr, Secretary Subscription for the 100th Issue of Stock Being Received By the Associated Press. CHICAGO, February 6.—The Chicago Curb Exchange, it was announced to- day, has invited representatives of all fixed and unit type investment trusts to attend a general meeting in Chicago ch 2 and 3. Secretary Maurice J. Loeb said that “the rapid progress of the industry has ruuluf in the creation of a large num- ber of trusts with widely divergent policles and methods. Tt is expected that the conference wili tend to clarify in the minds of both the financial community and the investing public the utility and benefits of unit-type securities. ‘The Chicago Curb E’l“‘&n“ has at- the leading posit! as & mar- fixed trust shares, Of the 39 We Have Money to Loan on Real Estate or to Take Up First Mortgages (':J 15 5 14 9 10 17 H Construction Loans in Any Amount 1 - EAVER BRO ' Washin, nBu.‘lI}uEAL:ro’Rs 98 "2“ o Nat Cash Reg A (3). at Dairy (2.60) Nat Dist Prod (2 Nat Lead pf B (6)... 108 lF ou desire to purchase a home, refinance your present indebtedness or improve your property, we have ‘the money available! Your application will receive prompt and courteous at- tention. » o Loans repayable monthly. 14 36 15 6% 107 36 22 160 901 20 26% 10% 18 bk 6815 K7T 120% 169% 1 3 1 2 1 1 6 4 9 5 1 42 42% 3 4 7 3 6 3 Nat Pow & Lt (1).... t Radiator. . at Ry Mex 2d pt. 3 150 2044 18 2b% 10% 18 5% 684 871y 120% 159 102 80 Del Lack & Wn (6).. . 18 14% Diamond Mateh..... 15 District 9486 26% 24% Dia Match pf (1.50). 6 s 10% 8% Dome Mines (1) . 10 R e e e been ad-| 181 104 Domn Stores (1.30).. 1 Ohicago curb. . Officials esti» | 6 6% DunhillInternat.... 1 t around 150,000,000 shares of [ (3% 2;:: ";.'.'.'.fi Gl S 18 sts have bect e ' biilion 121 118% DuPdeNdebpt 6). 2 163% 143% Eastman Kodak (18) 28 - » 45 108 B1% 107% Nat Surety (5) 524 Nat Tea (1) Nevada Cop N Y Central (8)..... N Y Chi & St L pf (6)120% N Y Invest (1.20),.. 2 i No brokerage . . . No commissions 4