Evening Star Newspaper, February 10, 1931, Page 13

[0SS UF‘EXPERTS Revenue Men Wil Not Be: Ava:lable to Assist in U TAx Reports. BY EDWARD C. STONE. ‘Local bank officials expressed much disappointment today over the an- nouncement that the Internal Revenue Bureau-is‘not to assign.revenue experts to the larger Washington banks and department stores to assist clients in making out their income taxes. Last ear 26 men were assigned to the work ere and rendered n reat help to cus- tomers of the In other years they also rendered the same ce. ‘The Treasury t's Baltimore tax office -.nnmmm that the men are needed in the Internal Revenue Bureau to complete certain work before March 15, so cannot be sent to the banks this year. Several local banks had been as- sighed the same revenue speclalists for several years. They had come to know the customers and their special tax problems.and could furnish needed ad- vice very quickly. The public service rendered was .rnl.ly appreciated by the customers and 1so by the banks. For people of large mu.ru the making out of the annual income tax returns is a difficult and complicated task. Bank officials ll'lys llve a fim deal of time to this work e tax return period, but the l:e in the banks of tax experts the Internal Revenue Bureau m-fly simplifies matters. Questions come up with Which they 'are perfectly familiar and others require a quick rul- ing by the department, such decisions sooner than through the bank officials. ‘The revenue employes in the put have been assigned for 15 days be ning March 1. Unless this year's rul m' is changed, those wanting income-tax advice \\lll have to go to Room 1002 in the Internal Revenue Building. C. & P. Telephone Directors Re-! Elected. At the annual meeting of the Chesa- g'elke & Potomac Telephone Co;, held in ew York City yu!erdny. all directors ‘were re-elected—Wi Everett, Robert V. Fleming, Ed'lln Graham, Dr. Gilbert Grosvenor, John Poole, Merle ‘Thorpe, Lloyd B. Wilson, Philip O. Cof- fin and Marshal D, Sedam of Washing- ton, and Walter S. Gifford and Eugene S. Wilson, New York. Plant additions, betterments and re- szmenu to be made by the company the District of Columbia during the next three years will involve gross ex- rendmn'u of approximately $11,850,000, josed at the meeting. Of this amount it is estimated that $3,550,000 will be expended during 1931. The com- pany’s expansion program provides for a net gain of 26,900 telephones by the end of 1033. With this gain Washing- ton be s:rved by more than 195,000 tele- phones at that time. During 193] it is estimated that 8,900 telephones will be added to the 168,480 in service January approximately 177400 in service at the end of the year. Last year the telephene company's construction included gross ex- penditures of $3413.403. Major items were: Land and b\lfldlnn $45,231; cen- tral office equipment, $596,581; station equipment on the subscribers’ 81,863,924, and exchange and toll lines, $749,789. At the close of the year the company’s plant investment in the Dis- 7'.-1.:“: Columbia amounted to $30,- City Holds World Record, Telephone development in Wi e ton is one of the motmym the world, there now beinig one tele- phone for every three people. Tele- fhonu in Washington were increased ast year by 9,567, or 6 per cent. Dur- ing the year telephone users made ap- proximately 205000000 calls, which 2 per cent over the Telephone operating revenue during the year amounted to $8,654,334, which Drevious sear. Bepenacs, inchuaing de. ear. de- Preciation, uncollectible, taxes, rent and miscelianeous deductions, amounted to $6,052,172. This was an increase of 3.1 per cent. Net telephone revenues last year were $1,702,162. Other net in- come amounted to $60,159, making total net earnings $1,762,321 available for fim"'"&&."‘a‘w‘" mOne of ' the e Tt dis- closes, is owmu taxes, ich for the year amounted to $570,370. During 1930 operating taxes required approx- imately 6.6 per cent of the company's Tyice improvements were made durtn( the year, with the result that operating errors were reduced by 12 _per cent, was made during the year in reducing the time required for the in- stallation of telephones. On the aver- age telephones are now being installed in less than two days after the appli- cation is made. New Way of Handling Bills. Conversion of approximately 60,000 telephones, or 35 per cent of the total number in service, to dial operation May 3 is noted in the report. This project involved gross expenditures of about $4,150,000, including the cost of land, and equipment. Attention is called to the new plan introduced during the year whereby subscribers’ bills are rendered at differ- ent dates during the month, all charges and credits being shown up to the date of the bill. The introduction of this system of billing relieves congestion in the business office by spreading the collzclion work through the month. Due rt to this plan, errors in bills uced by more than 50 per cent. u.n year 18 bank collection agencies were established in various locations throughout the city for the convenience g{u:uucrlbers in the payment of their Chain Store Stock Offered. Five local investment banking houses are participating today with New York firms in an offering of common stock of Chain Store Shareowners, Inc., a diver- sified investment in the common stocks of 35 different companies, which the announcement says, do 10 per cent of the entire retail merchandising busi- ness of the country. The announcement states that chain store merchandisirg has more than trebled in the past 10 years. Of the common stocks making up the list, 26 are traded in on the New York Stock Exchange and nine on the New York Curb Market. The business of the chain stores in the list has been summarized in the circular, over a period of years, show- ! an unusual record in growth of profits and dividends. Exchange to Close Thursday. The board of, governors of the Wash- ington Stock ichange voted today to :ln:lne ul:l‘ exchange next Thuzsday, Lin- coln’s ‘Today's Blfllnt opened with Potomac Electric per cent preferred 'wcmk selling at IWh and at 110. Ten shares of Federal-American Co. Individual sales compiled to m—u-:m- |- 5:30 ll::. ~Prev. 1631 Btock and High. Low. Dividend Rate. 12% 9 Abitibi'Pow & Paper. 40 Abitibi P&Ppf (6). 13 Abraham Strauss.... . 1 16% Adams Exp (1.60). 221 Adams Millis (2) 21% Addressogr Co 1.40 2% Advance Rumley 11% Advance Rumley pf. % Ahumada Lead.. 9215 Afr Reduction (14%) 7% Alrway El Ap (80c). i % Ajax Rubber. 9% 7 AlaskaJuneau (40¢) 8 6% Albany Wrap Paper. 10% .7% Alleg Corp. 179% 1531 ‘Allled Ch & Dye (n6) 124 122 Allled Ch & Dot (7). 32% Allis Chalmers (3).. 15 Alpha Port Cmt (2). 17% Amerada Corp (2). 20 Am Agri Ch of 54% Am Bank Note (3) 214 Am Beet Suga 32 Am Br Shoe (2 40). 8% Am Brown Bov Elec. 45% AmBrBEDL (7)... llfl 106% Am Can (15). 27 Am Car & Fdy (6). 29% Am Chain (3) 8% 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 (6). 8% Am & For Pw pf (7). 671 Am & For Pow 2d pf. 7 Am Hawailan SS. 0% Am Hide & Leath pf. 47% Am Home Pr (4.20) 23% Am lce (3). 18% Am Interna 5 Am La Fr & Fo 20% Am Locomotive (2). 72% Am Locomot pf (7) 31 AmMch & Fdy 1.40 3% Am Mach & Metal 16% Am Metal Co... 24 Am Nat Gas pf 45 Am Pow & Lit ($1) 947 Am Pow & Lt pt ( 78 AmP&LtpLA (4) 80 AmP&LDIAst(S 18% 16% Am Rad & St San (1) 145.° 142 Am Rad & SSpf (7). 7 Am Republics 26% Am Roll Mill 57 Am Safety Razor 93% Am Sm & R 24 pf (6 2% Am Solv-& Chem. 6% Am Solv & Chem pf. 26 Am Steel Fdy (3) 87 Am Stotes (+23%) 42% Am Sugar Ref (5). . 96 Am Sur~ar Ref pf (7) 176% Am Tel & Tel (9),... 1 104 Am Tobacco (16 104% Am Tobacco B (16) 90 Am Type Fdy (8)... 105 * Am Type Fdy of (7). 53% Am Water Wks (3). . 54% Am Wat Wks cfs (3) 6% Am Woolen 21 Am Woolen pf. . 414 Am Zinc Lead & Sm. 20% Anaconda Cop (2%). 22 Anaconda W &C (1). 27 Anchor.Cap (2.40)... 89% Anchor Cap pf (63). 13% Andes Copper (1)... 60% Armour of Del pf (7) 3 Armourof Ill A 2 Armourof 1 B 31% Armour of Ill pf (7). 3% Arnold Constable. .. 24% Asso Appl Ind (4) 22 AssoDry G (23%)... 178% Atch To & S Fe (10). 102% Atch T & S Fe of (5). 105 At] Const Line (110). 18 At] Refinine (12)... 45% Atlas Powder (4) 97 Atlas Powder pf ). 1201 8% Atlas Stores (n1)... 101% Auburn Auto (£4) 2 Austin Nichol 1 Autosales.. 2% Autosales pf. 3 Aviation Corpof Del 63 A% 20% Baldwin Loco (1%). 48 25% #8% Baldwin Loco pf (7). 108 :gv. 681 Balto & Ohio (7). 721 Balto & Ohto pf (4)... *3 i 104% Bamberger pf (614). 80a 106 5614 Bang & Aroos (3%). 8 63% 8 Barker Bros (2). 708 84 55 Barker Brospf (8%) 30m. 54 11% Barnsdall (A) (1)... 24 134 /5 Beatrice Cream (4).. 12 71% 50 Beech-Nut Pkg (3).. 1 57% 2% Belding-Hemingway 1380s 3% 16% Bendix Aviation (1). 82 22 321 Best & Co (2) 1) 38% 45% Bethlehem Steel (6). 229 594 114% Bethlehem 8t pf (7). 24 Blaw-Knox (1%)... 20% Bohn Alum & Br1%. 1 €0 Bon Ami (A) (4). 3 1% Booth Fisheri 6714 Borden Co (k3) . 20% Borg. Warner (1) 59 Boston & Maine (4). 16% Briggs Mf (11.62%). 164 Briggs & Strat (2).. 2 Brockway Mot Trk.. 300 Bklyn Edison Bl (8). 58% Bkiyn-Man Tr (4). 86% BKiyn Man Tr p(8) 103 Bkiyn Unlon Gas (5) 32% Brown Shoe (3) 10% Bruns-Balk-Col 5% Bruns Ter & Ry § 14% Bucyrus (1) 25 Bucyruscvpf (2%). 4 Budd (EG) Mfg.... 9 Budd Wheel (1) 11% Bullard Co... 11% Bulova Watch (1%). 30 Burns Bros (A) 21% Burroughs A M t1%. 3! 234 Bush Terminal (21) ~ 7 1% Butte Conper & Zinc. - 4 1 Butte & Superior. 1 12% Butterick Co 37% Byers (A M) 100 Byers (A M)pf (7). 42% Calif Packing (4). s Callahan Zinc & Ld.. 36% Calumet & Arizona. 8 Calumet & Hecla. 11% Camp W&C Fy(1). 29% Canada Dry G A (3). % ¢ i Case (J1)pf (1).... 26% Caterpillar Trac (t4) 2¢ Cavanaygh-Dobbs pf 20- 11 Celanese Corp 5% Celotex Co. 394 Ger 8o Pas Cop (27« 2y Certain-teed Pred 17% Checker Cab (1.80) 391 Ches & Ohio (2%). 40 -Chesapeake Corp (3 % Chi & Alton % Chi & Alton 64 Chi Great West 19%, Chi Great West pf. 5914 Chi Ind & Lou pf (4 5% Chi Mil St P & Pac. . 9% Chi M| StP&Ppf.. 16 44 33 Chi& Northwest (4) 115 103 Chi&N W pt (1) 12% 9% Chi Pneu Tool. 65% 47% Chi R 1 & Pac (1) 2 11% 11 Chickasha Cotton Oil 8 30% 25% Childs Co (2.40)..... ‘38 18% 15% Chrysler Corp (1)... 103 80 774 City Ice & F DT (835) 508 4 2% CityStores......... '2 20% 18 Clark Equipment (2) 1 164% 1424 Coca-Cola (6). 4 51% 50% Coca-Cola A (3): 4 47 Colgate-Pal-P (2%). 2 9 Collins & Afkman... 8 72 Collins & Atk pt (7). 1 9% Colonial Beacon..... 1 21% Colo Fuel & Iron (1). . 8 38% Col Gas & El (2).. 10816 100% Col Gas & I pA (6) -1 9% 7% Col Graphoph (a%). 87" 8% Columblap Carb (16) 38 20 18% Comel Credit (2).... A l’% 20 Comel Cred pf (1%). XM. 34 Comcl Credit A (3).. uu 21% Comel Cred pf B (2). 508 26 Comel In Tr (81.60). 12 10!‘6 102 Comel InvTrpf6%. 1 18% 16% Comcl Solvents (31), 173 10% 8 Cmwith & Sou (80c). 168 nx % cuwlthhlonp{ ). 6 Congoleum-Nairn, .. ' 14 m n Congress Cigarsdé). 4 294, 26% Consol Cigars (8)... 3 68 b4 ConsolCigprpfé%. 308 Bales— Add 00. Il!lll. Low. Close. Close. 3 11 10 11 10%. . A1% 32 21% 24 234 34 a3 Stock and Sales— ' Dividend Rate. Add 00. High. 18" 18% 17% Contl Baking 2% Contl Baking B 67% Contl Baking pf (8. 47 Contl Can (2%). 10% Contl Dia Fibre (l).. 41 Contl Insur (3.40)... 2% Contl Motors. 9% Contl Oll of Del. 8% Contl Shares (1).... 76% Corn Prod (t3%)... 146% Corn Prod pf (7).... 81 Coty Ine..... 27 Cream of Wht (12%) 14% Crex Carpet. . 414 Crosley Radio 81 CrCork & Seal 2.40. . 31% Crown C&P pf (2.70) 4 Crown Zellerback. 55% Crucible Steel (5). 1% Cuba Cane Prod. 85 CubaRRpf(6).. 3 Cuban-Amer Sugar. . 41 Cudahy Packing (4). * 89% Curtis Publish (17). 113% Curtis Publish pt (7) 2% Curtiss Wright Corp 3% Curtiss Wr Corp A.. 100 Cushman's pf (7). 36 Cutler-Ham (3%)... 13% Davison Chemical. .. 201 Deere & Co (1.40).... 141 Drlaware & Hud (9). 80 Del Lack & Wn (6).. 27% Denver & RG W pt.. 13 Devoe & Ray (1.20).. 14% Diamond Match. . ... 24% Dia Match of (1.50). 8% Dome Mines (1)..... 14% Domn Stores (1.20).. 61% Drug Corp (4).. 5% Dunhi}} Internat 83% Dupont de Nem (4).. 118% Du P de N deb pf (8) 21% Durham Hoslery pf. 73 Eastern Roll Mills. . 143% Bastman Kodak (18) 13% Eaton Axle (1.60). 3y Eitington-Schild. ... 35% Eitington-Schild pf. 50% Elec Auto Lite (6) 2% Flec Boat..... 38% Elec Pwr & Lt (1) 86 Flec Pow & Lt pf (6) 100 Elec Pow & Lt pf (7) 50% Elec Stor Bat (5).... 1 Emerson Brant A. 36% Endicott-John (5)... % 111% Endicott-John pf (7) 85 EngPubSvpf (5%). 30% Eq Office Bldg (2%). 28 ErfeRR........ 39 FErle RR 1stpf (4)... 9 Eureka Vac Cleaner. 4% Evans Auto Loading 20 Exchange Buf (1%). 4 22 Fairbnks Morse 1.60. 3% Fashion Park Asso 41 Fed Lt & Tr (113) 10 Federal Screw (1)... 22 Fed WatSv A (2.40). 151 Federated Dept Strs, 46% Fid Ph Fire In (2.60)606s 6% Fifth Ave Bus (84c).1108 16 Filene's Sons 86% Filene's pf (63). ... 17 Firestone T&R (1). 5615 Firest T & R pf (6).. 41 First Nat Strs (2%). 14 Fisk Rubber. . Florsheim Sh A (3).. 12 Follansbee Bros. ... + 413% Foster Wheeler (2).. 224 Fourth Nat Invest 26% Fox Film A (4) 281 Freeport. Tex (4). 3% Gabriel Co A 50% Gamewell Co 7 Gardner Motor 4% Gen Am Invest. 57% Gen Am T Car (34).. 24% Gen Asphalt (3). 6% Gen Bronze. 7 Gen Cable. 16% Gen Cable A. 40% Gen Cablepf (7) 34 Gen Cigar (4). 41% Gen Elee (1.60). 11% Gen Efec spec (6 47% Gen Focd Corp (3) Gen G & El cv pf (6). 44 GenMills (3): 96 Gen Mills pf (6). 35% Gen Motors (3) 95 Gen Motors pf (5)... “T% Gén Outdoor Adv 3 14% Gen Pub Sv b6% stk. 10 68 Gen Ry Signal (5)... 10 5% Gen Realty & Utll... 4 " 40 Gen Refractories (4) 10 6% Gen Theater Equip.. 38 21% Gillette Saf Res (4). 100 62% GilletteSat Rt (5). 2 4% Gimbel Bros. ... 4 38 Gimbel Bros pf (7).. 8% Glidden Co. . 4 Gobel (Adolf). 31% Gold Dust (2%). 16% Goodrich (B F). 60 Goodrich B F pf (7). 38% Goodyear Tire (5)... 81 Goodyear 1st pf (7).. 4% Gould Coupler. 15% Granby Consol (2) 19% Grand 81l Strs (h1).. 10% Grand Union........ 36 Grand Union pf (3).. 20 Granite City St (3).. 26% Grant (WT) (1) 58% Grt North pf (5) 19% Grt Nor Ore (2)..... 7% Grt Western Sugar. .6208 85% Grt West Sug of (7). 70- 2% Grigsby Grunow.... 16% Gulf Mobile & North. a 59 GulfMob&Nopf (6). 3 18% Gulf States Steel.... 3 6% Hahn Dept Stores... 11 16 Hall (WF) PrCo (2) 6 39 Harb Walk Ref (2).. 38 31 Hayes Body.. 8214 Helme (G W) (17).. 114 Hercules Pow pf (7) un- 87 Hershey Choc (5)... 2 26 Holland Furn (12%) 8 5% Hollander Sons...... 1 81 Homestake Min (7). 4% Houdaille Herlhey.. 35% Houston Ofl. 8% Houston Ofl (new). 21 Howe Sound (4).... 37 Hud & Man Ry (3.50) 18% Hudson Motors (3).. 7% Hupp Motors 2. 69% Illinols Central (7). 2% Indlan Motor Cycle. . 3% Indian Refining. 45 Indust Rayon (4)... b1 164 Ingersoll Rand (16). 10 59% Inland Steel (4)..... 6 % Inspiration Copper. . 5% Insuranshar Del 40c. 3 24% Interb Rap Transit.. 2 26% Interboro R T c.0.d. 8 314 Int Agricultural 1 145% Int Bus Mach (n6).. 11 9% Int Carriers (25¢)... 49% Int Cement (4)... 1% Int Combustion. 24 Int Comb Eng pf.... 48 Int Harvester (23). 181 Int Harvester pf (7). 21% Int Hydro El A (e2). 56 Int Match pf (4).... 15% Int Merc Marine (2), 13% Int Nickel (60c)..... 114 Int Nick Canpf (7).. 6% Int Paper & Pow A.. 2% Int Paper & Pow C.. 26% Int Pap & P pf (7)... 10 Int RysCent Amer.. 408 37% Int Salt (3) 58 Inter Dept St pf (7 16 Intertype Corp (2) & Investors Equity. 39% Jewel Tea (15) 119% Jones & Laug pf (7). 10s % Jordan Motor Ca 356 Kans City Sou (5)... 6% Karstadt(R) (al1.03). 14% Kaufmann D 8 (13%) 16% Kayser Julius (2%). 1% Kelly-Spring T! 20 Kendall Copf ()., 208 22% Kennecott Cop (2).. l‘: Low. 12% i 103% 37 STUBKSIRREGU[A Market Starts Active and| Strong, but Trading ‘ Slows Down. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, February 10.— The fright of those short of stocks and & certaln amount of non-professional buying “pushed up prices still further today in a market that in its early stages was the broadest and most active since last October. The pace, however, was too fast and the temptation to take profits too great and before midday there was a general wavering in the list, with less activity as the tendency to slow down developed. Commodities Improved. N6t only were stocks strong, but cot- ton and wheat took part in the revival of speculation for a rise. There was some evidence of improvement in other commodities, as in copper:-metal. Sev- eral agencies reported signs of better- ment in business and regular dividends were declared by corporations whose earnings have given a suggestion !hlc they might be compelled to rates. The main influence was again the professional element, which within the last few days has realized that by all of the accepted signs the market had been thoroughly liquidated and that under these circumstances it is a dan- gerous time to be short of stocks. The numerous large blocks quoted at the wemng in such issues as General Motors, Radio and International Nickel and the initial ldvln%ln Auburn Auto of 111 points clearly suggested the un- comfortable position in which the bears found themselves and from which they were attempting to find a way out. Since the last demonstration against the market on Thursday such advances as 6 points in United States Steel, 8 in Westinghouse Electric, 4 in General Electric, 5 in General Motors, 8 each in Johns-Manville and American Can, 7 in American Telephone & Telegraph, 6% | 4 in Consolidated. Gas and 3 in Stand- ard Oll of New Jersey have completely changed the technical status of the market. Its rapidly increasing size and breadth have advertised it once more to the public, which has shown a will- ingness at various times in the past month to follow the market upward. Features of Advance. As on Monday practically every group of stocks took part in the demonstra- tion, but the outstanding features were United States Steel, General Motors, Consolidated Gas, J. 1. Case, Standard Ofl of New Jersey, Westinghouse Elec- tric, General Electric, Johns-Manville, Kennecott Copper, International Nickel, National Dairy Products, Industrial Rayon and Union Carbide. Auto was in a class by itself, first ad- vancing to 188 from Monday's closing at 74'; and later touching 191 com= pared with the recent low of 101% The remarkable sales figures of the company and the small floating supply of stock may explain the extraordinary rise in this stock quite as much as the more colorful story that certain power- | ful openlnu are short of it. ‘The market took the large amount of rofit-taking extremely well. Consider- g all of the advance that it has had, 1t Sshowed an excellent quality of re- sistance. As soon as the profit-taking | wave had passed new buyin; umc into the market around mid ting prices of a number of leuunxumu. with United States Steel crossing 145. This was in anticipation of a favorable n]led tonnage for January. ‘The report came o‘sfi at nmx;lw:ttlhwl::- flued tonnage on an owing mmu:‘ 3““312\: to a total ! l 132,351 l‘flnlt 596 on Decem- 31 and 4,468,710 on January 31, Opening Is Higher. In the heaviest trading since October 9, the market resumed its upward trend with impressive force at the opening. Leading- stocks in blocks of 5000 to 17,000 shares set the pace with the most active issues opening at new high prices for the year. ‘The trend was uninterruptedly up- ward. Auburn Auto, about the move- ments of which a Stock Exchange in- vestigation is rumored, ran up to 190 after opening 11% points her at 186, Gains of 2 vn 10 points rul dustrials. Industrial Rayon, Electric, American Can, Johns Manville, Montgomery Ward, :nd Borden, all ad- vanced to new 1931 to) United States Steel opmed up % and Iater reached 144Y,. Bethlehem Steel and Vanadium were higher, the latter at a new high. Rallroad stocks were 4 | quieter, but ghere were new highs in Union Pacific and Southern Pacific. Atchison equalled its previous high. Oil shares shared the improvement, with Dew peaks reached by Standard of New ‘York, Houston Oil and General Asphalt. In the utilities nearly the entire ac- tive list was at new high levels. Colum- bia Gas Was the most active, up a point and at a new high at 393%. Other new highs were: American _Telephone, Brooklyn Union Gas, Consolidated Gas, Electric Power & Light, International Telephone, North American, Public Service and United Corporation The same condition reigned in the motors list. General Motors was at a new high, after opening on a 17,000- 4% | share lot. In the first half hour trading amounted to about 800,000 shares. Mm'ny renewed unchanged at 1% per cent. FOREIGN EXCHANGE. (Quotations furnighed by W. B. Hibbs & m'lnll Void dilive Eneeis a) 2 3'.5 55 B o Be 2R Sksgeaegs mmsmn' CERTIFICATES. ported by J. & W. Seligman & Co.) 10 158 100 T 100 6-32 l~ 100 19-32 100 22-32 M 100 * 18, B |C. & P. OF BALTIMORE "’"""““ m% m,..,.. REPORTS GAIN IN NET | &t ervrien, taie is .umnudmthu-j 10,500 uu‘phmh an increase of 2 Compuy Spent “,Dal m in Im- ,._.I“,':',,'“;'_‘ (A "““"“mx operating reves T, ments During 1! rltrom Inorm. M the annual meeting of the Chesa- & Potomac Telephone Co. of phum-u""‘""‘ ore City held in directors were re-elected. These in- clude Alexander Armstrong, Willlam G. ker, R. Howard Blsmt chltlu H. c-mr. l*"lulll:a.:": Ooldsborwm and itimore; Lloyd B wflmn. Phili&o Coffin and Mar- shal D. hington, and Wal- ter S, Gifford and Eugene S. Wilson, New York. Plant additions, betterments and re- rhcernenu to be made by the mplny n Maryland during the next years will involve gross expe dmlru of nmxlmnuly $20,000,000, it m dis- Of this amount it is estimated that $4,583,000 will be Successful Property Management —depends not only on facilities for collecting and remitting of rents— BUT Peneis bty 15 Ras yncasaied penses, al y nc to & minimum; a lmt that will influence umnll to remain per- | manent occupants. i ON THE —recommendation 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 one. | | TRY IT. CHAS. D. SAGER 924 14th St. N.W. Rentals, Loans & Insurance BROWN «* SONS 4 Underwriters - Distributors INVESTMENT SECURITIES Wasuinegron Orrice 737 15th Street N. W. Telephone, National 1053 Marx Orrice - Barrimons Shoreham Building The Center of Washington’s Activities 3"SN'T it the part of good business to place your- self in good company — where facilities are such that your force will function efficiently — and your clients find pleasure in those facilities? The Shoreham Building isn’t a haphazard design— but planned with studied care and equipped with every modern feature— from daylighted, well ven- tilated rooms to consistent service by the corps of em- ployes. Let us show you space available in this m o s t modern of Washington's office buildings. There’s prestige in being a tenant in the Shoreham Building MSKEEVER & GO$$4. Representative of the Owners IREHAM INVESTMENT CO. ntal Office, Room 520 15th at H National 5643 RENTAL MANAGEMENT We solicit the Rental Management of your property whether Apartment, Residence or Business PROMPT REMITTANCES Our organization is complete as to ncurlng tenants, making collections and supervision of Without obligation to you we would be glad to discuss this with you. 24-hour Telephone Service Randall H. Hagner & Compgny. Mortgage Loan Correspondent - New York Life Insurance'. Gomp-ny 1321 Connecticut Ave. N.W. the Deu!ur 3600 e~ tion program last expenditures of $5,831,643. 'Telephones in Maryland were in- ues_during year amounted to IHD!! 188, an increase of 3.5 per cent over the year. SILVER QUOTATIONS, . NEW YORK, February 10 (#)—Bar silver, 26%. . 000 in service at the end of the year included gross Myurhyluo.nrt securing this First Mortgage Loans On Improved Real Estate in the District of Columbia and Nearby Maryland and Virginia for 3, 5 or 10 RANDALL H. FIAGNER & COMPANY MORTGAGE LOAN CORRESPONDENT New York Life Insurance Company 1321 Connecticut Ave. Decatur 3600 Complete Investment and Brokerage Service Copy of Our “Fortmightly Review” Furnished on Request G. _M. P. MURPHY & CO. A Members Nc- York Stock !ulay 1310 H Street . Connecticut c K . WASHINGTON Tlll)lnl Natiowal ”” Philadelphis Richmond Baltimore F. B. KEECH & COMPANY Members of New York Steck Exchanse Other principal stock and commodity exchanges We have just completed a circular on ten low priced dividend paying stocks. Outright purchases in ten-share lots of these stocks as - a group at quotations as of the close of busi- ness Feb. 3, 1931, requires less than $2,500. The net dividend return figured on this in- vestment amounts to approximately 6.91%. We will be pleased to forward this circular upon .ppliution. We are equipped to handle ptly orders in stocks, bonds and commua on the leading exchanges of the world. H CORNER 17TH ST. N, W., WASHINGTON NATIONAL 0245 N York Chie Brookl: ™ Philadelohia " wienipes Detrait PROPERTY MANAGEMENT Apartment House MANAGEMENT ul HEN we assume manage- ment of an - apartment house we go into a detailed analysis of conditions—and usually find" many opportuni- ties to check waste; and in- crease revenue. With us you can feel you are getting the best manage- ment long experience can give. B. F. SAUL CO. 925 15th St. N.W. Nat’l 2100 MORTGAGE LOANS THESE STOCKS will come back FASTEST i show that the best of -wthwm-btbe first and greatest ”MW and third grade securities are slower. Gomywrhnmdtylndmmtkeuam which have declined the most. These will be slow to come back . . . replace them, now, with a r-llyfimd-nmmv Massachusetts Investors Trust representing an invest- ment in 140 of the best American common stocks— “the ones which will gain fastest and increase in value most. PRICE AT MARKET (ABOUT $34) To yield about 7% (5% eash 2% stock) et Soovies, Y Compounding Copet A.S. GOULDEN & CO. Ine.