Evening Star Newspaper, February 9, 1931, Page 13

- COLLECTION GAINS - FINANCIAL NOTED IN JANUARY Credit Men’s Survey Shows Better Payments to Wholesale Firms. BY EDWARD C. STONE. sffent gains were registered last month in, collections of wholesalers and manufacturers, according to the Feb- ruary trade survey conducted by the National Association of Credit Men, which has an active branch in Wash- ington and 102 other cities. Six citics reported collections “good, 66 rcported them “fair” and 31 char- acterized collections as “slow.” Two cities moved from the “fair” column to “gooa” during the month, and 10 moved from the “slow’ column 10 « G_STAR WASHINGTON, D. C. MONDAY. FEBRUARY 9, 1931 Received by Private Wire Direct to The Star Office, Note—All stocks are sold in one ht whi - S Xt those designated by the letter s (80s) hich shows those stocks were sold in odd lots. r Individual sales compiled to noon—complete in 5:30 III::-. ~Prev. 1931~ Stock and | High. Low. Dividend Rate. 125 9 Abitibi,Pow & Paper 32 a7 Abitihi P& Ppt(6). 8 30% 25 Abraham Strauss 4 21% 164 Adams Exp (1.60). 87 83% Adams Exp pf (5). 251 22% Adams Millis (2) 2315 21l4gAddressosr Co 1.4 3% 2% Advance Rumle; 12 11% Advance Rumley pf. % % Ahumada Lead. 103% 9214 Air Reduction (434 9% 7% Afrway El Ap (60c). 9% 7 AlaskaJuneau (40c) 127 8 614 Albany Wrap Paper: 1 7% Alleg Corp 55 39% Allex Cp $30 ww 5% . 55 39% Alleg Cp $40 ww 63, 6 179% 158% Allied Ch & Dye (n6) 53 168 124 122 AllledCh& Dot (7). 3 123% 38% 32t AllisChalmers (3).. 45 36l 18% 15 Alpha PortCmt (2). 11 18% 21 174 Amerada Corp (2)... 4 1 65 62 Am Bank Note pf (3) 208 65 4% 215 Am Beet Sugar. 1 3% Bales— Add 00, High. 10% Low. 9% 41 31% % 96 9 % 6% 57 162 123% 4% 1% 181 65 3% 34y v. Close. Close. 10% 10% ~Prev, 1931~ High. Low. 29% 25% 54 Stock and Dividend Rate. Consol Cigars (5). Consol Film pf (2).. Consol Gas N Y (4).. Con Gas of NY pf(5) Consol Textile...... Container A (1.20) % Contl Baking A Contl Baking B Contl Baking pf (8). Contl Can (2%)..... Contl Dia Fibre (1).. Contl Insur (2.40)... Contl Motors . Contl Oil of Del 4 Contl Shares (1). Corn Prod (13%)... Corn Prod pf (7).... Coty Inc..... Cream of Wht (12%) Crosley Radio..... Crown C&P pf (2.70) Crown Zellerback. Crucible Steel (5). 'uba Cane Prod C C -Amer Su NEW YORK STOCK EXCHANGE 1 118 20 708 2 = 3 ADVANCE IN STOCK MARKET RESUMES Shorts Send List Higher as Covering Movement Continues. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, February 9.—The shorts in stocks had the severest grilling today in many months. It was their buying that advanced prices to the highest level of the year, with the average early in the day breaking through the previous top of January 9 and later getting con- siderably above it. The session was the most active in weeks, with the ticker speeding along at_something like its old-time pace. Nearly every group of stocks partic- ipated in the movement. Scores of them sold at new high prices for 1931. Commission _houses reported some in- in early tading. New high prices for the year were scattered ough every department of the list, and gains of from 1 to 2 points were numerous. There was a sharp increase in valume on_the advance, sales during the first half hour, at 500,000 shares, being the heaviest for any similar period this year. Mm;ey renewed unchanged at 1'2 per cent . One of the quietest stocs on the list was the market leader, United States teel, which moved up a shade to 140%. i..;xglum Steel toughed a new high at oo For the moment General Motors had captured the leadership of the list, run- ning up fractionally to a new high. Other new highs in the automotive sec- tion were Auburn Auto, Mack Truck and Packard. In the utilities, Brooklyn: Manhattan Transit, Interborough, Con- solidated Gas, Electric Power & Light, International Telephone, North Ameri- can and Public Service of New Jersey were at new 1931 peaks. American Tobacco common and B stocks were both at new tops, the former 2, points higher. Oils were quiet, only one issue, Mexican Seaboard, making a new high. Diamond Match was the feature of the industrials, opening on an 8,000- share sale and later running to a new high. Other new highs in this section were. Eastman Kodak, Loew's, Para- mount Publix, Radio, Radio-Keith- Orpheum, National Dairy Products, Montgomery Ward, Woolworth and J. FINANCIAL. A—-13 market is able to hold its INDUSTRIAL STOCK LIST [the market b onditions: there wil b SHOWS STRONGER TONE Special Dispatch to The Star. further short covering. broader e et T NEW YORK, February 9.—The indis- some time been the retarding factor in the stock market. Now that they show signs of greater strength, sentiment is more favorable to a general pickup in trading and a recovery that may carry the averages through the high of the year, established a month ago today. The public utilities also show signs of a reviving speculative interest. This is all an outgrowth, at the end of last week, of more optimism over the situa. Son in Wash ngton, Alijough today. thie status of the bonus bill"and the drought relief measure did not look quite so clear as on Saturday. Technical market con- ditions are likely to control price move- ments more than news developments. If 1814—Oldest National Bank in the Money on Hand to Loan on First Deed of Trust 6% Interest Reasonable Commission l‘ll' Prompt Replies to Applications JAMES F. SHEA 643 Louisiana Ave. N.W. National Metropolitan Bank 15th St., Opposite U. S. Treasury District of Columbia—1931 3615 32 Am BrShoe (2 40). 5 35 5 % Cuban Dom Sugar. .. 11% 8% Am Brown Bov Elec. 8 10% 10% 5 3% Cudahy Packing (4). 564 45% AmBrBEDE(7)... 408 57 55 Curtis Publish (17). 115% 106% Am Can (15). 210 116 1134 Curtis Publish pt (7) 8415 27 Am Car & Fdy Curtiss Wright Corp 40 811 74% Am Car & Fdy pf 8 80 ' 37 Curtiss WrCorpA.. 8 33% 20% Am Chain (3). § Cushman's pf (7) N 8% Am Chicle (13). Cutler-Ham (3%)... 13 12 9 Regarding_sales, there was an in- crease in the “fair” classification, at the expense of both “good” and “slow.” Elmira, N. Y., was the only city re- porting brisk sales. Seventy-three other cities reported sales as “fair,” and 29erported them “slow.” Last month six cities reported sales “good” and 37 Cr Cork & Seal 2.40.. 13 C. Penney. ’ crease in public interests. The general | -2l oy o4 ahout unchanged. [ impression was that the bulk of the buying was for large bear operators who | tried last week to depress the market and found that they were running up | against a stone wall. INTEREST! Industrial List Improves. - il Aside from the favorable decislon on I Saturday by the St. Louis court in the | [ Standard Ofl of New York-Vacuum Oil merger, there was no domestic news t account for the sudden change n sen- | timent. As a matter of fact the political sit- uation in Washington appears to be somewhat more clouded Wwith respect | to the bonus bill and the drought relief | measure than it was on Saturdgy, when | the market had its inspiration from | the compromise that then seemed to | have been effected between the. two | elements in Congress. Altogether the strength and activity today was predi- dicted on a more general awakening to | the fact that stocks are in strong., hands, that speculative accounts have been: thoroughly liquidated, and that | the futility of selling stocks short has finally been realized by those who have been making huge profits for the past year at the expense of investors. N pERMANENT | It was in the industrial st that the | fll I 3 : best gains of the day occurred. Gen- 10 .| eral "Motors continued the advance | which had carried it through 40 on | Saturday and to which was added | early today another 115 points. U. S. | Steel common gained 2 points before | midday. General Electric and Westing- | house Electric, against which pressure has been persistent for a long time, | were up 2 to 2° points by noon. American Telephone, Consolidated Gas and Public Service of New Jersey en- | tered a price region well above that reached a month ago. Amusement Group Strong. ‘The amusement stocks were all buoy- | ant. Radio broadened out considerabiy, | with several large blocks quoted a point | above Saturday’s closing. Auburn Auto | distinguished itself with a rise of 6 points which placed it at a level more | than 100 points above the 1930 low. | There was more hesitancy in the rail | list than elsewhere, although even here | were indications that accumulatiog and short covering were under way, with scattered “highs” in this group. Since the market declined to its lowest depths last December the industrials have had an average rally of 16 points, followed by an average decline of about 12 points. Today their average at one time was about 2 points above the previous high of the year and 13 points up from the low of January. Abroad, the decisive victory of the Bruening government in Germany in Saturday's test vote devejoped a more hopeful atmosphere in pdlitical circles than has been experienced there since Gen Mills (3) hfihmnfibe" i s e market was impressively strong | gen (B)fu:gl’l D{;S). 5 o > en Outdoor Adv. % Gen Ptz Ink (233) . Y First Mortgage Loans Lowest Rates of Interest and Commission Time-Tested by Over a Century !- of Service. i VER since 1814, The Metrdpolitan hasafforded depositors the maximum in Serv- ice and Security. 1 6 3 2 8 2 4 2 3 eported the “slow.” 14% Am Colortype (2.40). v » gmesd 10wl & majority of the 9 Am Comcl Alcohol, . g:.‘-::”«fg;'f;":%‘,l firms reporting characterized their col- 9 Am Encaustie (1) Drlaware & Hud (9). 2 lections as “good” were Los Angeles 19 Am Evtopean Secur. Del Lack & Wn (6).. 1 Calif.; Austin, Tex. Duluth, Minn.; 26% Am & For Rower. Denver & RG Wpf.. 6 Lincoln, Nebr,; Cedar Ropids, Iowa, 14 Am@&For EwpEsa), Devoe & Ray (1.20).. 2 and Bristol, Vi ke 2 8% Am & For Pw pf (7). 5 Devoe & R 1st pf (7). Iy 67% Am & For Pow 2d pf. o 5 Figures Show Business Gains. ' 7 Am Hawallan SS. Ethelbert Stewart, United States 1% Am Hide & Leather Dia Mateh pt (1:50) Commissioner of labor statistics, recent- 10% Am Hide & Leath pf. Domn Stores (1.20).. 1y presented some figures which proved 47% Am Home Pr (4.20). Drug Corp (4) that there is good business for some- 23% Amice (3), ... Dunhill Interna body even in times of depression, 18% Am Internat (2). ... Duplan Silk (1) Comparing_employment in October, 208 Am Locomotive (3). 2 y Hd e S AL 1930, with October, 1929, he reported 31 AmMch&Fdy1.40.. 11 7 30k, 2 DuPdeNdebpt (6) 5 that 16 firms in the iron and steel in-| 19 16% Am Metal Co. dustry increased the number of men N employed, in spite of a 16 per cent drop T o). in employment in that industry as a 1615 Am Rad & St San (1) 89 18% Whole. In the cotton goods industry 64 142 AmRad & S8 pf (7). 208 142% firms increased their employes in spite | 145, 147 AMRANIGT ("8 e of a 21 per cent drop in the industry as a 34% 27% Am Roll Mill (n2) whole. The automobile industry, show-| g4s &7° Am Safety Razor (5) ing a shrinkage of 31 per cent in em- ployment, reported that 15 firms in- 461 40% Am Sm&}xozfdu:}h.) Gresse the huber oF. men b work ] 200} 9814:Am Sin & R 303 from 3 to 172 per cent. 131% 120 Am Sm & Ref pf (7). Commissioner 40% 37 Am Snuff (13%).... Stewart gave other| 107 105 Am Snuff pf (6) equally interesting figures showing 5 214 Am Solv & Chem.... where employment went against the 26 Am Steel Fdy (3). general trend. Economists are now 37 Am Stores (121%). pointing to these figures as proof of 42% Am Sugar Ref (5) what improved products, outstanding 96 Am Sugar Ref pf (7) dollar values, effective advertising and 8 Am Sumatra Tob. salesmanship and high-grade general 15 15% Am Tel & Cable (5). management will accomplish in putting | 190% 176% Am Tel & Tel (9). any business back to normal. 113 104 Am Tu‘r:lcru g‘t’& 114% 104% Am Tobacco g Slight Decline in Sales. 105 90 Am Type Fdy (8)... According to a tabulation compiled [ 107 105 Am Type Fdy f (7). 208 107 by Merrill, Lynch & Co., 33 chain-store | 61% B53% Am Water Wks (3).. 52 62% companies reported sales for January,| 58% 544 Am Wat Wksecfs (3) 1931, of $143,173,094, as compared with| 11% 6% Am Woolen. . $146,351,767, a decrease of 2.1 per cent.| 34% 21 Am Woolen pf .o Thirty-two ‘companies which reported| 4 2 Am Writ Paper ctfs. for three years show sales for January,| 30 26 Am Zinc & Lead pf.. 1931, of $142,049,955, against $145,398,- | 34% 29% Anaconda Cop (2%). 133 in 1930, a decrease of 2.3 per cent,| 26% 22 Anaconda W&C (1). but 1931 sales showed an incyease of | 31% 27 Anchor Cap (2.40)... $13,637,405, or 10.6 per cent, qver 1929| 16 13% Andes Copper (1). results, when such companies reported| 18 15% Archer-Dan-M (2)., sales of $128,412,550.. 72 60% Armour of Del pf (7) While it is too early to state that a 4% 3 Armourof IILA. definite favorable turn in business took 2% 2 ArmourofIlB.. place in January, because January had 31% Armour of 111 pf ( five Saturdays against four Saturdays| _4% ‘3% Arnold Constable in January, 1930, the very general in- zrcnse ‘s;mw; by u!hc] 5]—!nd~10 chllln.l considered particularly encouraging. , 1t the performance of the 5 and 10| 197% 178% Atch To & § Fe (10) is repeated in February and March in| 120 105 Atl Coast Line (10). even a moderat: degree, it may be con-| b3 49% AtlGulf& W Ipf (5) strue ting 18 Atl Refining (12). the rgvi-:wu:g;? At 45% Atlas Powder (4). 8% Atlas Stores (nl). $150,000,000 in Treasury Bills, 156% 101% Auburn Auto (f4)... The Treasury Department announces| 2 1 Autosales..... . an issue of '$150,000.000 of 91-day| 3% 2% Autosalespt s Treasury bills, dated February 16 and| 23 Austin Nich pr A (3) maturing May 18, 1931. Tenders for| 4% 3 Aviation Corp of Del the new bills will be received up to 2| 24% 20% Baldwin Loco (1%). p.m. February 13 at any Federal Re-| 941% 881 Baldwin Loco pf (7) gerve Bank or branch. Proceeds from| 82 684 Balto & Ohio (T) the new issue will be used to redeem| 78 724 Balto & Ohlo pf ( ‘Treasury bills which become due Feb-| 106 104% Bamberger pf (8% ruary 16 in the amount 0f.$127,445,000.| 64 56% Bang & Aroos (3%). o 12 108 Bang & Aroos pf (7). Today’s Trading on Exchange. B 1% T Bron (D ‘The week’s trading on the Washing- 1% 1% Barnet Leather. ton Stock Exchange opened with a sale| 13% 11% Barnsdall (A) (1)... of Federal-American National Bank &| 69% 65 Beatrice Cream (4).. Trust Co. stock at 51. 109% 106 Beatrice Cr pf (7)... The next sale was in Washington| 55% 50 Beech-Nut Pkg (3).. Gas Light Co. stock, which moved at| 4 2% Belding-Hemihgway 1223, the same as the last transfer. 20% 16% Bendix Aviation (1). Capital Traction was a little lower| 38% 32% Best& Co (2). s today, 100 shares changing hands in| 54% 45% Bethlehem Steel (5). four different transactions at 39%;. 123 114% Bethlehem St pf (7). Potomac Electric Power 5% per cent| 27% 24 Blaw-Knox (1%)...~ preferred was strong, selling at 110, al-| 30% 20% Bohn Alum & Bri%. Vi urnos 70% 67 Borden Co (k3). . "Mv‘c" Rhington. G : e 25% 20% Borg, Warner (1). 8t 104%, $1,000 Gas Bs sold at 105% | 19 16% Briggs Mf (1L62%). st loux. 31000 Gas Bs eold st 106% | 10 - 16 Briges & Sirat (2).. Graham.Paige rots and $2000 ity & Subur 2" prockway Mo Trk. o ’ Granby Consol (2). o only, ocst iae dow Ieiow udted | e, 58x -Biiyh:Man Tr (6) G 10K Crana Diton oo s S-dividend is Norfolk & JIAshington| oz 85% Bkiyn Man Trpt Grand Union pf (3).. \mboa 0., W] 2 pay 9 8 Bklyn & Queen: Granite City St (3 & 12% per cent extra. 112% 103 rant (W T) i Bklyn Union G Grant (W T) (1) Heard in Financial District. 8% Bl Bruns Ter &Ry S Grt North pf (5). . The National Firep: 17% roofing Corpor: 144 Bucyrus (1). Grt Nor Ore (2). tion of Pittsburgh, manufacturers . of 3% 26 Bucyrusevp et Weathrh Sugar. . structural clay tile and underground| 5% 4 Budd(EG) Mfx 4 Grt West Sug pf (7). clay conduit, will open a Washington | 11% 9 v oo 4 Grigsby Grunow:... office February 15, in the National Press | 1914 1% Bullard Co. ..0s Guit Mobile & Norih. Building. Plans also include the open- | 1% ulf Mob & N of (6). ing of & new sales office in Birming- 30 Burns Bros (A).... ST Miatar Seoal D75 82k i ham, Ala., o be operated in connection ol LB e T A L SRR S i Hahn Dept Stores. .. e newly acquired Vulcan plant 4 108 ahn Dpt St pf (6% ) located in that city. 104 100% Bush Term deb (7) 80s HABOR L (T)s s voss Production of cars and trucks in the 5 EVRTE T 1 Butte & Superior g " e LA SEL TN United States and Canada dt Jan- 12% Butterick Co e Harbison W pf (6).. uary totaled 183,876 units, according to 81% Byews (A N) Hartman Corp (A) .. National Automobile Chamber of Com- Hartman Corp (B). . merce. This compares with 161,223 Hayes Body. cars and trucks in December, 1930, and Helme (GW) pf (7). 283,606 cars and trucks in January, Hershey Choc (5) . 1930. Hersh Choc pt (#5).. Sales of G. C. hy & Co., for Holland Furn (12%) January, without consideration in the Hollander Sons...... change in the number of stores, were Houdaille Hershey. $1,221,313, compared with $939,388 in Profitable g:nuary\. 1930, a gain of $281,925, or 30 apital Admin pf A.. ’J‘S::&?:‘&T.’.".‘?f (u convenlent 85 ‘ar Clin & Ohio (4).. 1 Houston Of] (new) ° Safeway Stores, Inc., T Janu- ” = T = A Car Clin & O sta (5). 208 HoweBowh (4. S ary sales today as $17,661,518, compared 81% Case (J1) (8)....... 201 “ 99% Hud & Man Ry (3.50) with $18,439,302 in Jahuary, 1930, a de- GAGES FIRST MORTGAGE NOTES e 26% Caterpillar Trac (14) ‘I: fi% HIndnon Mba ot £6): 1 AN ASSURING RECORD || o g3 4 ONIaRetw Sy 4 Hudson Motors (3) ‘The American Stores Co. made a re- Secured on homes and $% Celotex Co. . port today of sales for the 26 days 4% Celotex vt ctf: fi:::ll:a::“ i ended January 31, which showed a de- revenue producing properties in the- Dis- St (09 nterpo D Indian Motor Cycle. . crease of 33 per cent, in comparison trict of Columbia and Indian Refining. with the like period in 1930, amounting adjacent Maryland Indust Rayon (4).... to $12,497,110, against $12,926,692. Ingersoll Rand (16). ACTION OF PREFERRED suburbs. Permit us to offer our facilities for Ifnland Steel (4). . STOCKS ENCOURAGING the placing of your in- Inspiration Copper. Bpecial Dispatch to The Star. vestment funds . . . Insuranshar Del 40c. Ins ctfs (Md) (60¢c). Interlake Iron (1). NEW YORK, FPebruary 9.—Invest- I ment houses and some stock exchange| 8% % né Bos Mach (ad May we tell you more of our present offer- -~ LOANS Made on D. C. Property NEED NO RENEWAL I Our plan arranges loans. for purchasing or refinanc: ing D. C. property. Thes can be paid in full in about 12 years without the worry i and cost of renewal. We i i i3 SRunmevwataaanSon 108 345 3% savings 9 Your business will be appreciated. oo shall be glad to explain our plan to you in detail. Open Daily 9 to 5 Saturdays Until Noon NAtional 1381 i Equitable Co-Operative Bldg. Assn. Organized 1879 51st YEAR COMPLETED JOHN JOY EDSON, President WALTER S. TT, Jr., Secretary Subscription for the 100th Issue of Stock Being Received = z 18% 145 Elec Pow & Lt pf (7) Elec Stor Bat (5).... 10 Endicott-John (5)... 3 £ng Pub Sv (2.40). .. Eq Office Bldg (2%). TONRR S Erle RR 1st pf (4)... Eureka Vac Cleaner. 6 52 Evans Auto Loading 1 103% Exchange Buf (1%). 508 1 9% 9 9 Fashion Park Asso 108 16% Fed Lt & Tr pt (6). Fed Wat Sv A (2.40). Federated Dept Strs. Fid Ph Fige In (2.60) Filene's pf (6%)....1008 Firestone T& R (1). Firest T & R.pf (6).. First Nat Strs (2%). Fisk Rubber. ... Fisk Rubber 1st pf Florsheim Sh A (3).. Follansbee Bros. Foster Wheeler (2).. % Foundation Co. Fourth Nat Invest. Fox Film A (4) 4 Freeport, Tex (4 Fuller Co pr pf (7 Gabriel CoA... Gamewell Co (5) Gardner Motor. ., Gen Am Investors. Gen AmInv pf (6). Gen Am T Car ($4) Gen Asphalt (3). Gen Bronze Gen Cable A. Gen Cigar (4) Gen Cigar pf 47) . Gen Eleg (1.60) Gen Elec spec ( 1 100 1 132 1 40 ’0; 10;% We Have Money to Loan on Real Estate or'to Take Up,Fitst Mortgade: O you 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 attention. Loans repayable monthly. WITH CONFIDENCE n i 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—let “us help you. BUY NOW for future independ- ence. Thos. E. Jarrell Co. 721 10th St N.W. Narl 0765 No brokerage . . . No commissions 915 F St. N.W. SAVE FOR SECURITY ‘The safety of your invest- ment in a building associa- tion is assured by the fact that fully 9112% of the assets are invested in homes and secured by First Mortgages. A few dolflars saved’ each month will soon provide the comforts of later life IN A HOME ofl 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. Thomas P. Brown, President Thomas E. Petty, Secretary J. Walter Stephenson, Treasurer . When you purchase a home, the proper method of financing it should receive your careful consideration. 5 The Real Estate Loan Plan of thq Metropolitan Life Insurance Company 1s arranded to fit your, individual needs. Loans for Fifleer; Years - Low Interest Rates Gen Pub Sv b6 % stk. Gen Ry Signal (5)... 12 Gen Ry Signal pf (6) 208 Gen Rul(vfl’tfl. « 6 GenR&E Ut pf (e6).. - 2 Gen Refractories (4) 15 Gen Theater Equip.. 136 Gillette Saf Raz (4). 84 Gillette Saf R pf (5). 4 Gimbel Bros. Gltdden Co... . Thomas J. Fisher & Company, Inc. REAL ESTATE LOANS Made at Low Interest Rates Gliaaen pr bt (7) TYLER & RUTHERFORD EO{’;HA“];-){‘ e L] A “Cl:llflll dh‘mel(lll on high 'r:ll.: Gol ust (! . 0 e Y iments an wellings, and particu- Qold Dust of (6) A T iy TH Y i SORATICh (B F) 1520 K St. N.W. Nationut0475 Goodyear Tire (! Gotham Silk Hoslery Gould Coupler. Graham-Paize. Construction Loans in Any Amount WEAVE_R BRO REALTORS Washington Building Mortgage Loan Correspondent Metropolitan Life Insurance Company Loans made in_the District of Columbia and nearby Maryland and Virginia 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 District 9486 36% 8 Calumet & Hecla. 33 34 29% Canada Dry G A (3). 66 43% ‘apital Admin A 22% Cer de Pas Cop (2).. 21, Certain-teed Prod 17% Checker Cab (1.80). 3914 Ches & Ohio (2%)... 40 Chesapeake Corp ¢3) % Chi & Alton. % Chi & Alton For investment that is non- speculative—and | continuously productive in fixed amounts our 6% FIRST MORTGAGES hold a record of over a third of a century without loss to a customer. g Interboro R T c.0.d. Interb Rap Translt. 14% 9% ChiMiIStP&P pf. Int Bus Mach (n§) grades of public utility preferred shares, | 115 103 Chi&N W pf (7). S s These stocks have shaken off the in-| 124 81 Chi¥neuool ... . fluences of liquidation and are begin- | 3%%4 Z3% ChiTnen Tof (334). ning to reflect the high income yield( ,55% $1% Chi 87 & Ba€ (e which they give and the wide margin| “yy;0 ;1 Chickacha Cotton Ofl of safety even under the present condi-| 33% I3, GRicKacha GOt tions of declines in gross earnings. N Rt Commonwealth & Southern 6 per| gy 15% Chrysler Gorp (1) cent preferred has just touched thel ggy, 5% City Iee&Fuel (3.60). 5 1;;-!;;!1; t‘."fi,&' fg'fi'&'fit%&b&" 80 774 City Ice & F pt (0%)170; = 4 ber. The 6 and 7 per cent preferred issues of Electric Power & Light, the 6 per cent Electric Bond & Share and Columbia Gas & Electric preferreds and such other issues as North American Edison 6 per cent é;rderred Standard Gas & Electric and Public Service of New Jersey, have all been under accum- ulation recently. United Gas & Im- provement, 5 per cent preferred is back to par, after dropping to 98 when the new issue came out last month. CHICAGO DAIRY MARKET. 7614 Comcl Cred 1st (6%4) CHICAGO, February 9 (P)—Butter, 34 Comel Credit A (3).. 25 Comcl In Tr (£1.60).. 2% Comel Iny Tr war. 15% Comel Solvents ($1). 8 ~ Cmwlith & Sou (60¢. 911 Cmwlith & Sou pf (6) 6% Congoleum-Nairn... 16 . 29% 22 Congress Cigars (W)s g 4 CE R ) Int Harvester (2%).. Int Harvester pf (7). Int Hydro El1 A (e2). Int Match pf (4).... Int Merc Marine (2)« Int Nickel (60c). Int Paper & Pow C Int Pap & P pf (7). Int Printing Ink. Int Salt (3)7, Int Shoe (3). Int Tel & Tel (2) Inter Dept Strs (2) Investors Equity. Island Cr Coal (4). Jewel Tea (15) hn Over a Third of a Century Without a Loss You can confidently count on 6% throughout the life of the mortgage—and .the principal has behind it improved Wash- ington real estate which has been carefully appraised. 30% 24% Cluett-Peabody (3).. 2 33 100 95 Cluett-Peabdy pf (79 10s 100 160% 142% Coca-Cola (6)....... 49% 47 Colgate-Pal-P (2%). 15 9 Collins & Alkman 10% 9% Colonial Beacon. 26% 21% Colo Fuel & Iron (1). 105% 100% Colo Fuel & Ir pf (8 37% 38% Col Gas & El (2). 105% 100% Col Gas & El pf A 2% \ % May be purchased in amounts from $250 up. SAUL CO. 925 15th"St. N.W, Jordan Motor Car... Kaus City Sou pf (4) Karstadt(R) (a1.03). Kayser Jullus (2%). Keith-Alb-Or pf (1)~ % y-Spring Tir Kelséy Haye$ (2). 8% Kelvinater Corp. Kendall Co pf (6) . 22% Kennecott Cop (2).. 38% Kimberly Clark 2%.. «Continued on Page 143 H. L. Rust Company 1001 Fifteeth St. National 8100 ESTABLISHED 1889 B.F. National 2100 . extra (90-91-score), 9 firsts (88-89-score), 24-24%5; (86-87-score), 23-23);. Eggs, steady S D T Sl