Evening Star Newspaper, February 7, 1931, Page 11

FINANCIAL. STAMP TAX SHOWS STOCK SALES DROP Business Reviewed Here and in Maryland—D. C. Bankers Praise Associate, BY EDWARD C. STONE. Capital stock sales and transfers fell off sharply in Maryland ‘and the Dis- trict of Columbia during the last six months of 1930 as compared with the last six months of 1929, according to reports on stamp taxes made public last night by the Bureau of Internal Revenue. Receipts from stamp taxes on capital stock sales or transfers in this collec- tion district dropped from $24,237.86 to $12,228.08 during the comparable period, as_compared with a somewhat similar ling off for the country as a whole at the same time from $26,067,75844 to $13,197,061.41. There was also a big decline in the stamp taxes on “bonds of indebtedness, capital stock issues, etc.” which for this collection district dropped from $104,- 981.28 to $67,043.54. These taxes for the country as a whole during the same eriod dropped from $11,459,769.11 to 8,885,572.61. Stamp taxes on playing cards fell off in Maryland and the District of Colum- bia from $21.40 to $2.20. Bankers Laud B. F. Saul. Resolutions upon the recent death | of B. F. Saul, & member of the asso- clation, were passed at a special mect- ing of the District of Columbia Bank- ers’ Assoclation yesterday afternoon, President Lanier P. McLachlen pi siding. After a short sketch of the life of Mr. Saul, who was, at one_time, presi- dent of the assoctation, and menticn of his pre-eminently successful career, his contribution to the success of many large organizations, both local apd na- |* tional; the confidence and estéem in which he was held, and his contribu- tions to the civic affairs and charities, the resolution said: “Therefore be it resolved, That in the death of B. Francis Saul the Dis- trict of Columbia has lost one of its foremost citizens, whose work in the domain of public and private effort ¢contributed in a very large degree to the advancement of the community and the welfare of its citizens; ‘That the m#ny business enterpris with which he was connected officially have lost an alle and valued counien')r and leader; and “That we, the members of thi.\ as: sociation, have lost a sincere and loyal friend, whose qualities of mind and heart manifes on many occasions of business and social intercourse com- manded our deep respect and genuine affection.” “Resolved, That this minute and resolution be made a part of the perma- nent records of this association and coples thereof be sent to Mrs. Saul, the American Security & Trust Co. and the Columbia National Bank.” President H. H. McKee of the Na- tional Capital Bank, chairman of the committee which drafted the resolution, paid a glowing tribute to Mr. Saul in mflfln( the resolution. Other mem- of the committee were Presid:nt Robert V. Fleming of the Riggs Na- “ tional Bank and President Corcoran Thom of #the American Security & ‘Trust Co. Acacia Has Excellent Year. ‘The annual meeting of Acacia Mutual Life Association will be held March 17, at the home office, 101 Indiana avenue northwest, Secretary J. P. Yort of the association, announced yesterday. At this meeting eloction of directors to serve for the coming three years will be held and other business transacted. In announcing the meeting, Secretary Yort_stats that payments made to beneficiaries or to insured this fiscal year amount to more than $4,130,000, Which brings the total for the eight years since 1922, when the association was changed to an old-line company, above $14,500,000. In addition, Acacla has paid its insured as dividends during thess eight years nearly $5,500,000. ts, held for the protection of all embers, amount now to $39,465,106. Dividend Changes in January. Favorable dividend changes in Jan- uary—that is, increases, resumptions, “extras, initials and stock—numbered 203, Tmst 157 decreased and passed, aceording to the Standard Statistics Co. Dividend changes in January of the past three years follow: —January— g0, 1930, 193] Increased 56 17 E:sum!d b ir Initial Decreased Stoek Passed ‘Total changes.. Heard in Financial District. January sales of Peoples Drug Stores totaled $1430.439, an increase of 10.4 | yex, cent over $1,205,692 for January, { 930 us «_ There will be a meeting of the fduciary section of the District of Co- lumbia~ Bankers' Association at the University Club on February 12 at 8 .m., according to announcement yes- erday by Chairman Barnum L.‘Col- ton, who will preside. Stanton C. Peelle will adress the meeting on the subject of “Wills” The meeting will be fol- lowed by a buffet supper. Baltimore Chapter, American Insti- tute of Banking, holds its annual ban- quet tonight. A number of Washington Chapter officials will ajtend. ameng them President Frank M. Perley, Vice President Aubray O. Docley, Richard Norris, James A. Soper, 1. J. Roberts, Miss Mabel V. Royce and Miss Rose Royce. | T. Hunton Lieth, member of he | “Executive Committee of the American | Institute of Panking, and Frank M. Perley, president of Washington Chap- ter, plan to attend the coming meeting of ‘'Wilmington Chapter, at which Gil- - mart T. Stephenscn, president of the trust company division of the American | Bankers' Association, will speak. Hearing on the affgirs of the b\mk- rupt firm of Prince & Whitely, sched- uled for Thursday before Referee Henry XK. Davis in New York. was postponed | until 11 o'clock Monday due to the | fallure of J. M. Hoyt cof Prince & Whitely to appear. His counsel was de~ tained st ancther hearing. SOVIET SHOWS INCREASE OF BUSINESS WITH U. S. By the Assoctated Press. Soviet }ussia, alone of the 38 princi- al countries having commercial rela- ons with the United States, boasted a greater volume of trade with this coun- | try during 1930 as compared with the Note—All awcn are sold in NEW YORK STOCK EXCHANGE THE EVENING STAR, WASHINGTON mnhfi-ummmcurmsmom 1 in one hundred-share lots excepting those designated by the letter s (M) (250s), which shows those stocks were sold in odd lots. ~Prev. 1931 High. 121 21% 25% % 103% 9% 4 9% | 10% 179% 124 384 18% 21 Stock and Low. Dividend Rate. 9 Abitibi Pow & Paper. 1 16% Adams Exp (1.60)... 13 1 104 20% 24 % 9215 Afr Reduction ( 7% Alrway El Ap (60¢). % Afax Rubber. 7 Alaska Juneau (400) % Alleg Corp. . 15815 Allfed Ch & Dye (n8) 122 Allled Ch & D pf (7). 32% Allis Chalmers (3).. 15 Alpha Port Cmt (2). 17% Amerada Corp (2). .. 8% Am Brown Bov Elec. 454 Am BrBEpf (7 % 106% Am Can (15 145 AmCanpf (7). 29% Am Chain (3) 381 Am Chicle (13) 14% Am Colortype (2.40). 9 Am Comel Alcohol. . 9 Am Encaustic (1). .. 19 Am European Secur. 26% Am & For Power. .. 74 Am& For Pw pf (8). 671 Am & For Pow 24 pf. Am Hawailan § 74 Am Home Pr (4 23% AmIce (3)... 74 AmIce pf (6) 18t% Am Internat (2). 5 Am La Fr & Foam Am Locomotive (2). 72 Am Locomot nf (7).. 81 Am Mch & Fdy 1.40.. 314 Am Mach & Metals. . 50 Am News (§t4). 45 AmPow &Lt (11).. 94% Am Pow & Lt pf (6 80 AmP&Lnf A st (5) 15'c Am Rad & St San (1) 1% Am Roll Mill (n2)... Am Safety Razor (5) % Am Ship & Com. . 40 Am Sm & Ref (4) 37 Am Snuff (43%). 25 Am Steel Fdy (3) ar Ref (5) 96 ugar Ref pf (7) R Am Sumatra Tob. ... 176% Am Tel & Tel (9) 104 Am Tobacco (16) 104% Am Tobacco B (16 90 AmType Fdy (8) 53% Am Water Wks (3).. 101% Am Wat W 1st pf (6) 67 Am Woolen. H 21 Am Woolen pf. 44 Am Zinc Lead & Sm. 26 Am Zinc & Lead pf.. 20% Anaconda Cop (2%). 89% Anchor Cap pf (6%). 151 Archer-Dan-M (2).. 3 Armourof Il A 2 Armourof Il B 81% Armour of Il pf (7). 3% Arnold Constable 24% Asso Appl Ind (4). 22 AssoDryG (2%)... 178% Atch To & S Fe (10). 18 Atl Refining (12) §% Atlas Stores (n1) 101% Auburn Auto (£4) 1 Autosales 3 Aviation C 20% Baldwin Loco (1%). 681 Balto & Ghio (7). 8 Barker Bros (2). ~11% Barnsdall (A) (1). 297, Bayuk Clgar (3). 106 Beatrice Cr pf (7). 50 Beech-Nut Pkg (3).. 167 Bendix Aviation (1). 832% Best & Co (2). 45% Bethlehem Steel (8. 114} Bethlehem St pf (7). 24 Blaw-Knox (1%).... 20% Bohn Alum & Br 1% . 60 Bon Ami (A) (4). 674 ‘Borden Co (k3) 20% Borg, Warner (1) 16% » » 3 anBuoneBunaten @ o Jor S9%% 85% Bklyn Man Tr pf 55 ‘Rklyn & Qu T pf (5 14% Bueyrus (1). 25 Bucyrus cv pf ( 111% Bueyrus pf (7). 4 Budd (EG) Mfg. 9 Budd Wheel (1) 11% Bullard Co. ... 11% Bulova Watch (3). 21% Burroughs A M t1%. 23% Bush Terminal (2%) 12% Butterick Co. . 37% Byers (A M). . % Callahan Zine & Ld 37 Calumet & Arizon: 8 Calumet & Hecli 297 Canada Dry G A 3815 Can Pacific (2%) 30 Capital Admin pf 81% Case (J ) (6) 267 Caterpillar Tri Cent Aguirre As1%. entury Rib Mills 221y Cer de Pas Cop (3). 17% Checker Cab (1.80) 391y Ches & Ohio (3%)... 40 Chesapeake Corp u) % Chi & Alto; 614 Chi Great 19% Chi Great West pf. 5% Chi Mil St P & Pac, 9% Chi MiI St P& P pf.. 33 Chi& Northwest u) 9% Chi Pneu Tool. 47% ChiR1& Pac (T). .. 84 ChiRI&P pf (6) 20% Chi Yellow Cab (3).. 11 Chickasha Cotten Ofl 25% Childs Co (2.40)., 15% Chrysler Corp (1) 35% City Ice&Fuel (3.60). TTin City Ice & F pf (8%) 2% City Store 3 & onsafonSenasBemman s 47 Colgate 9 Collins & Alkman 91; Colonial Beacon 33% Col Gas & El (2). 73 Col Graphoph (8% ). 73% Columbian Carb (+ 25 mel In Tr (£1.60) . mcl Solvents (31). with & Sou (60c) . 9115 Cmwlth & Sou pf (8 6% Congoleum-Nairn “ongress Cigars (4). “onsol Cigars (5)... “onsol Cig pr pf 6% . “onsol Cigar pf (7). “onsol Film (2) .. “onsol-Film pf (2). “onsol Gas N ¥ (4) “ontainer B........ “ontl Baking A “ontl Baking B “ontl Baking pf 47 ContlCan (23%) 10% Contl Dia Fibre 274 Contl Motars. 9% Contl Oil of De %13 Contl Shares (1), 761 Corn Prod (13%)... ‘orn Prod pt (7). 41 Cudahy Packing (4). 897 C 113% C tler-Ham (3%4)... 13% Davison Chemical. 204 Deere & Co (1.40) 14% Diamond Match. 24% Dia Match pf (1.50). 83 Dome Mines (1), 61% Drug Corp (4) 10% 204 24 Sales— Add 00. High. Low. Close. 10% 20% 24 % Prev. Close. 10% s Hercu Stock and Bales— Dividend Rate. A anlla. Low. Close. Giove, 5% Fox Film A (4). 32% 33% Freeport. Tex (4). Gabriel CoA... Gamewell Co (5) Gen Am T Car (14) Gen Asphalt (3). Gen Bronze. ... Gen Cable. . Gen Cable pf (7). Gen Cigar (4) Gen Elec (1.6 Gen Elec spec ( s 3 Gen Foed Corp (3).. 27 Gen G & El A (e30c). 10 GenG&Elcvpf (6). 2 Gen Mills (3). . 1 Gen Mills pf (6). Gen Motors (3) Gen Motors pf (5). Gen Outdoor Adv Gen Pub Sv b6 % stk. Gen Ry Signal (5)... Gen Realty & Util. Gen R & Ut pf (e6). . Gen Refractories (4) Gen Theater Equip. . Gillette Saf Raz (4). Gimbel Bros. Glidden Co. Gobel (Adolf). Gold Dust (2%). Goodrich (R F) Goodyear Tire (5)... Goodyear 1st pf (7). Gould Coupler. Graham-Paige. Grnnby Con.(n (2). 4 Grt North pf (6).... Grt Nor Ore (2). Grt Western Sugar. Grigsby Grunow. ... Gulf Mob & N pf (6). Gulf States Steel. ... Hahn Dept Store; Harb Walk Ref (2) 4 Hayes Body Helme (G W) (17).. Pow pf (7). Holland Furn (128&) Hollander Sons Houston Ofl... Houston O11 ( Illinols Central (7).. Indian Refining.... Insuranshar Del 40c. Interb Rap Transit.. Int Bus Mach (n6).. Int Carriers (25¢). Int Cement (4) Int Comb Eng pf. Int Harvester (274).. Int Hydro E1 A (e2). Int Match pf (4). % Int Nickel (80¢)..... Int Paper pf (7). Int Pap & P pt (7). Int Salt (3).... Int Tel & Tel (2) Inter Dept Strs (2) Intertype Corp (2) Investors Equity Jewel Tea (165) Johns-Manville (3) Kans City Sou (5). Karstadt(R) (a1.03) Kelsey Hayes (2) Kelvinator Corp. Kennecott Cop (2 Kinney (G R) pt (8). Kolster Radio. Kresge (SS) Co Kress (SH) (1). Kreuger & T (a1.60). Kroger Groc&Bak (1) Lambert Co (8). Leh Port Cmt (1) Leh Port Cmt pf (7). Leh Valley Coal. Leh Valley (3%) Lehman Corp (3) Lehn & Fink (3). Lib Ow Ford Gl Liggett & Myer (15). Ligg & Myers B (15) Lima Locomot (m2). Liquid Carbonic (4 Loew's Inc (3).. Loew's pf xw (6% Loft Inc. Loose-Wiies Lorillard (F) Co. Louisiana Ofl. ...... LouG&EA (1%). Ludlum Steel., MacAn & For (2.60). Melntyre Pore M (1) McKeesp T P (14%). McKesson & Rob (1) McKes& R pf (3%). McLellan Store: Mack Trucks (4 Macy & Co (nt3). 4« Magma Copper (3. Manati Sugar pf. Man Elev mod g ( Manhat Shirt (1) Market St Ry pf. Marmon Motor Car.. Marshall Field (2%) Mathieson Alkall (2) May Dept Strs (214). Maytag Co. . Mdngel Co. Met-Gold pf (1.89). Mex Petrol (132) Mexican Seaboard. Miami Copper. . Mid-Cont Pet (2) Midland Steel (3) Min Hon'w Reg (14). Minn Moline Pow MStP&SSM.. Mo Kan & Tex (a3) Mo Kan & Tex pf (1) Missouri Pacific, Mohawk Carpet Monsanto Ch (g1 Montgomery Ward Mother Lode. Motor Meter G & Ei Motor Products (2).. Motor Wheel (3). Murray Corp. Nat Steel (2). t Surety (5). tTea (1).. eisner Bros (1.60) Nevada Copper (1).. Newport Co (1)....0 N 'Y Central (8).. N Y Invest (1.20) N Y Rallways pf. Norf & West (112)., Norf & West pf (4).. Nor Am (b10% stk). North Amer pf (3).. North Am Aviation. ., North Am Ed pf (8). Northern Pacific (5). Ohto Oil Co (2). . Oliver Farm Eq new. Omnibus Corp. . Uppenheim Col (3). Otis Elevator (z-/.) Otis Steel....... Pacific Gas & Ei (2). Pacific Lighting (3). Pack Mot Car (80c). Panhandle P&R. ... Paramount Pub (4). Park Utah Parmelee Transpor - Hoee mroarSeBuenn BnmondoltenSurus Penick & Ford ( Penney (J C) (3) Penn Dixie Cemen: [ Fetrolm Cp of Avmn Fhila Co 6% pf (3). D. C., SATURDAY, FEBRUARY 3314 44% 42% 4% 12 52%. 5%’ 62% 45% 9615 387%4 98% 8% 164 T4 6% 60 514 18% 13% 39% 671 7, 1931, STOCKS STEADIER |TRADE STIMULATED INLIGHT TURNOVER Market Leaders Absorb Sell- ing and Register Small Advances. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, February 7.—A load was lifted from Wall Street minds today when Washington dispatches appeared to indicate that there would be no ex- tra session of Congress and that a bonus bill of moderate size would be the eventual compromise between the House and the Senate measure. Stocks did not at once respond to this better feeling, for there was some sell- ing of consequence in U. S. Steel, carry- ing it off about a point, and temporary heaviness elsewhere in the list. The supplies of stocks appeared to have been absorbed in a fairly active half hour of trading, which was followed by steadiness and quite definite strength in the active list. General Motors Advance. The outstanding feature was the ad- vance of General Motors through the previous level of 395. This was accom- panied by fractional gains in other motor shares. Considerable activity de- veloped in Internaticnal Telephone & ‘Telegraph, on which this widely dis- tributed stock rose nearly a point, with American Telephone & Telegraph mak- ing the same gain. General Electric and Westinghouse Electric stood up well and there were indications of fur- ther accumulation in such stocks as National Dairy Products, Montgomery Ward and National Cash Register, the last-named enjoying a gain of nearly 2 points. The coppers were quiet but steady. The same was true of the rails. Matters which had the attention of the Street during the day were the further reductions in rates on time de- posits by the banks, following the down- ward trend of money in other direc- tions this week; the healy shrinkage in bank clearings here and throughout the country in spite of the small turnover in Stock Exchange transactions every- where; and the cautious comments of the weekly trade reviews on business conditions. The latter clearly suggest an improvement in sentiment without much gain in the volume of new orders or in plant production. Price Adjustment. The adjustment of retail orices to wholesale prices is going on steadily but it is yet too slow to bring about the volume of buying necessary to clear the shelves of merchants of stocks carried over from 1929. The break in the drought in the Middle West and indi- cations that a large area would receive moisture in the next 24 hours has an importance which will be reflected later. RETAIL MEN OPPOSE _| SALES TAX PROPOSAL ociation Gives 12 Reasons for Objections at Its Annual Convention. Special Dispatch to The Star. NEW_YORK, February 7—The Na- tional Retail Dry Goods Association ex- pressed yesterday opposition to retall sales taxes in any form. Concluding thq fitth and final day of its convention q ‘the Hotel Pennsylvania, it adopted, thout a dissenting vote, the following resolution: ‘Whereas experience has demonstrated that it is impossible to impose retail sales taxes without placing excessive and unfair burdens on the retail mer- chant, be it resolved that the National Retail Dry Goods -Association opposes the imposition of retail sales taxes in any form, either general or selective, by any State or local governmental subdi- vision for the following reasons: It is troublesome and expensive to administer. It will increase the cost of living to the consumer. It is regressive in effect. It makes the retailer a tax collector for the State. It encourages purchasing from out- side the State. It places home manufacturers at ar uafair disadvantage with manufacturers of other States. It keeps industries out of a State. It is a tax on consumption. It is not based on lbfllly to pay. It encourages extravagance in State spending. It is & tax based on volume and not on_profit. 1t is distinctively class legislation. ‘Therefore, be it resolved, that we de- nounce any effort to use the taxation powers of the States for punitive pur- poses, an Be it further resolved, that a copy of this resolution be forwarded to the Chamber of cummercu of the United States and that that body be urged to adopt a similar ition in behalf of the entire distributive craft of our Nation, N ‘WORLD FORD PRODUCTION. DETROIT, February 7 (®.—World production of the Ford Motor Co. for January of this year totaled 55,180 units. The figures cover production {rom January 5 to 31, the plants having been closed for inventory gmm Decem- ber 18 to January 5. For December 1 to 18 production aggregated 45.032 units. Money to Loan D.C. R:;l Estate | 6% Flo yd E. Davis Co. 733 12th St. N.W. SALESMEN AS SPRING NEARS Some Distributive Lines Re-|& tarded by Weather, Say Reviews. 8pecial Dispatch to The Star. NEW YORK, February 7.—Although merchants are buying cautiously, whole- sale business is being stimulated to some extent by the approach of Spring, according to the weekly mercantile re- views, which draw attention to con- flicting influences in various sections. Bradstreet’s appraises the general busi- ness situation as “quiet to fair.” “Two features present themselves in the distributive trade situation this week,” Bradstreet'’s continues. “One is the retarding effect upon retail trade of the unseasonably warm weather rule ing in the larger parts of the interior. The other is the formal opening of Spring_trade through the medium of style shows, market weeks and retail- ers’ association meetings. Heavy Goods. “With, little change in weather con- ditions and exceptionally mild weather ruling in large areas of the Central West and Northwest, there seems to have been little expansion in sales of heavy goods at retail since last week. In wholesale and jobbing lines for Spring the chief feature has been the attendance at style shows and at re- tailers’ meetings, which have resulted in a fair to good distribution of Spring cottons, dress fabrics and silk lines. Over January chief expansion seems to have been in industrial operations, where it was moderate. “This week there is mention of the practical absence of real Winter weather in the West. Reports are also that as the result of mild weather and lack of moisture there is strikingly little frost in the ground in the Cen- tral West, and there are advices of instances of oats seeding in parts of Tlinois, all this indicating an evident lack of seasonal balance in wide areas of the country. 9 Automobile Trade. “That the mild Winter has been of benefit to the automobile trade would seem to be indicated from reports in several instances of advancing manu- facturing schedules in the output of cars, with the result that estimates of January output have been raised from 175,000 to 200,000 cars, while that for February points to a still larger output projected.” Dun’s Review says that “further evi- dences of improvement are not lacking. the trend in wholesale lines being help- ed by the greater interest displayed for Spl‘lng merchandise.” “Road salesmen, however,” the Re- view continues, “do not find the re- sponse hoped for, as merchants are 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 Money to Loan Secured by first Frevailing |m“"m.'.'. .." dlom e Jonpl: l Weller ...,., ot s T ey Management —depends not only on facilities for "cillccu.nl and remitting of | ren BUT —a careful supervision of ex- penses, ability to keep vacancies to a minimum; a service that will influence tenants to remain per- manent occupants. ON THE -;momendnuon of these qual- ifications we solicit the manage- | ment of your property. A trial of our service may con- vert a poorly paying property | into a profitable and satisfactory ~ane. TRY IT. CHAS D. SAGER 924 14th St. N.W. Rentals, Loans & Insurance SAVE FOR SECURITY ‘The safety of your invest- ment in a building associa- tion is assured by the fact that fully 9113% of the assets are invested in homes and secured by PFirst Mortgages. A few dollars saved each month will soon provide the comforts of later life IN A HOME of YOUR OWN. Join our association NOW and make the start that will mean financial independence. MUTUAL Building Association Organized October 1892 306 7th Street S.W. . President Secretary J. Walter Stephenson, Treasurer FINANCIAL. still in a cautious mood, seasonal re- quirements not only being subnormal, but tardy in developing. Some irregu- lmty, arising from u'npured purchas- power in many sections, is obscur- mg w some extent the effects of the advancement that is being made slowly. Bullding Industry. ‘The building Lnde lppl rently has mn some period readjustment ahead, wdmksmu(nwnuotthe i basic ‘industries make the outlook not altogether clear, The word oversupply of grains keéps prices in those markets unsteady, hampering trade in most agricultural districts. “Industry is holding some of the gains made after the turn of the year; notable in the automopile trade and in some branches of steel and in textile lines. Production in other essential divisions is increasing only moderately. In the steel industries there are still a variety of orders, but the pr is slow. ‘The expected improvement im the volume of the dry goods movement is continuing and is being quickened as the effects of smull inventories and low prices become better appreciated. “Merchants are finding less comfort from statistical comparisons and are more encouraged by definite results, many of them developing from intelli- gent sales effort and constant endeavor to restore business in their own par- ticular flelds.” e — The COMMERCIAL National Bank 14th and G Streets Banking in All of Its Phases Apartment - 1321 Connecticut Ave. Money on Hand to Loan en First Deed of Trust 6% Interest Reasonable Commission and Prompt_Repiies to Applications JAMES F. SHEA 643 Louisiana Ave. N.W. First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. INVEST WITH CONFIDENCE in WASHINGTON REAL ESTATE We are able to offer invest- ment properties of all kinds for your investigation. Tell us what you want, or advise with us con- cerning ‘the type of property which will best suit you. ‘e have helped others—Ilet "us help you. BUY NOW for future independ- ence. Thos. E. Jarrell Co. 721 10th St N.W. Nat'l 0765 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 51,6p s, RANDALL H. HAGNER & COMPANY MORTGAGE LOAN CORRESFONDENT New York Life Insurance Company RENTAL MANAGEMENT We solicit the Rental Management of your property whether Apartment, Residence or Business PROMPT REMITTANCES Our organization is complete as to lemm% tenants, making collections and supervision ol 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 . of Loan Correspondent for “The Prudential® 1001 Fifteenth Street ESTABLISHED 1889 1321 Connecticut Ave.N.W. Phone Decatur 3600 Refinancing at 1% offers the advantages a longer loan term, and a lower interest rate . . to you, in detail, the sub- stantial savings possible through five and one- halt per cent financing. May we prove Prompt approvals— Valuable prepayment privileges— Three-year loans on newer properties without amartization H. L. Rust Company National 8100 A SATISFACTION TO CONTEMPLATE There is one feature about investment in our 6% FIRST MORTGAGES that commends them for con- sideration—their freedom from Over a Third PR the time at which The interest they pay; it will be 14 Dupont de Ne % Du P de N deb pf (6 Dueques Lt 1st pf (3) previous year. The increase of approximately $30,- 000,000 in value was favorable to the United States, occurring in exports. which gained from $81.000,000 in 1 to $1.1,000,000 in the last calendar year. While an analysis of this trade has ot yet been made, when this is done 1t 2% Klec Boat. ....... will “show that huge exportations of 38% Klec Pwr & Lt (1), farm machinery to the Soviet were 86 Disa Pow & Lt e (8) mainly responsinle for the favorable Elec Pow & Lt pf (1) howing made. Eng Pub Sv pf (5%). — Eaq Office Bldg (23). BUSINESS FAILURES. e RR Erle RR 18t pf (4). y the Associated Press. \ 4% Evans Auto Loading A lessening in the number of business 5 3% Fashion Park Asso. . failures was indicated for the week | G 22 Fed WatSv A (3.4v). nded January 31 as compared with the | €1 Fifth Ave Bus (6de) . previous period on the basis of returns 17 Firestone T& R (1), 4 led with the Department of Com-| 63 66 FirestT& Rpf (6)., Pure OIl. ., nerce. In the totals that follow the| 457 41 First Nat sun.m. Pure Oil pf dex for comparable weeks is given, z" :;“1: gu:llllr M :url'::;ualkcn. d res the 1923-25 aver- [ 2 sk Rubber 18t p Vash Motors (4). s At . 311 Florsheim Sh A (3). H 413 Foster Wheeler (2)., % Foundation C 224 Fourth Nat Inv Phil Read C& ..., Philip Mor & Co a) Phillips Pet (2). paid, are known at time of in- vestment; while the principal is safely secured by improved Washington real estate that has been conservatively appraised. of a Excellent opportunity, with liberal commission, for two ambitious and energetic young men to sell securities of estab- lished Power and Light Com- panies and Fixed Trusts. Draw- ing account to capable men. Century Without a Loss Ol our liberal 20 monthly repayment plan. No indorsers required. A and confid, llu-yhnd_l’erunl Bankers, Pm:mny Flour (2). Poor & b (B). PRAMTobA (3%). P R Am Tob . Postal T & C pf (1), Prairie Oll & Gas (2) Prairie Pipe L (15) Pressed Steel Car. Proct & Gamb (2. 10) Prod & Refiners Prod & Refiners nf . Pub 8v N J (3.40) Pub Sy N J pf (6).. Pub Sv N J pf (8) Pullman Corp (4). Punta Alegre Suga Auto-Lite pf (1) May be purchased in amounts from $250 up. For immediate delivery of The B F“_SAUIJ CO Gillet and Co. ||| 5 mmsae sovs stmme | 1l Nationat 2100 %, 925 15th St. NaW. Investment Building at the .fi": 3 - Interviews and Communica- tions Confidential Telephone National 5000