Evening Star Newspaper, February 11, 1931, Page 13

BY EDWARD C. STONE. % ‘The;second bank management con- Afr Reduction (14%) Ference of the Central Atlantic States, 9% 7% Atlrway El Ap (60¢c). %o be held in Washington February 26 Ajax Rubber. and 27 under the auspices of the Bank ka Juneau uoe) ment Com- issibn, - Amoticans Alleg Cp $30 ww 6%, Bankers” Associa~ Alleg Cp $40 ww 3%, tion and the bank- Alleg Cp $30 xw 6% . ers sasociations of Allled Ch & Dye (n6) 1 New York, New Allied Ch & D pf (7). ) Pk Allis Chalmers (3).« v Y, FENDeTLe Alpha Port Cmt (2).. Faninti. Delbwars Amerada Corp (2). PsyEd, gUITe: \ 26% 20 Am Agri Chof Del. Srict THOUMEbIS, Am Bank Note (13).. ,'}fi“,“‘;“;‘fl, VCVE:‘ . Am Br Shos (240) [ sepred o 4 Am Brown Bov Elec. er in its four ses- D " AmBr B Ept (7). fons the topics of J18% 106% * “The Soufid Bank,” 34y 21 *The Protected & 4% Bank,”.“The Prof- 20% Am Ch itable Bank” ‘and "'Ih’f?rlctl\‘,ll Am Chicle (13). Bank.? TORRW. Wohe 9 Am Comel Alcohol Three sesslons et 19 Am European Secur. will.be held February 26 and the clos- s o ing gession February 27, all in the Wil- fim:;‘" 1;;;’2 s >f lard Hotel. . At the first session, the Hodips: Sttt Ak of February 26, at which “The | '3 ‘Am Hide & Leathe ENELES ihe topic & the Am Home Pr (4.20 nm consideration in banking, the ac- AmIce (3)... 4 of such a purpose will through: the presentation of & saunt Mhlng policy for the coun- pitfalls to be avoided in mak- Sws Money to Loan FIRST TRUST | The COMMERCIAL ;.: HEI.PS S'I'UGK US'I' PR Thos. E Jnrrell Co. | 'Banking in All of Its Phases Abitibi Pow & Paper 4 0% 10“ 10% 47 Contl Can Practical.Institutions, . | 's% ‘38 0 gD w0 i fi| vanoe Is Resumed. W et & o puds T Apartment House of 80 0 1084 ,: B 3 mu s , Februsry 11 . T e R perienced manager. it for the third time this week into new Stating Full Details atate. \ 4 s o LOANS " National Bank Joseph L. Weller 47,755 % % W || pronipt service Courteous Treatment 14th and G Streets hundred-share lots .. Btock and High. Low. Dividend "Efi”"flm%“fl: ot % Flnt Deed of Trust 3 ¢ 26 F ilamolers to Pioture SOUNd, jGl 20y owibins Weie addismen som. ol o | 24 o Metal Shares and Utilities 6% Interest wrr!lNchFfisn b Apartment House 4T 40 ABIUDIPEPDE (). 2 42 40W 40% % S 2% 2% Take Leadership as Ad- : Protected, Profitable and | & & 10 caatx ‘,’,,':“','?,‘.5," ) i p ‘“"',,."“,,“’"‘""‘.w - WASHINGTON l!AL ESTATE WANTED thvestigation. Tell us what . o 63 S w2 o e e JAMES F. SHEA Ton weaty X ‘advise ::‘m':- con- to 100 apartments, in N.W., % % 1 36 14% 13% 14 | Special Dispatch to The Star. 643 Louisiana Ave. N.W. S i hest Sk you. e have on 99 years lease. By ex- RN tum that later carried | (8 : - Address B. M, S 1;:% 155“ lop momentum 3 | $300 7 i Thos. E J-mllco ress Box 302-M, Star Office T T | e e = 721 10th SL N.W. Nat'l 0768 :" 4% | were 50 per cent under those of the hy Packing (4). 48% MR Jos on Ty T B4 Gurties Wr €orp A.r 7 7 A 7 A" 35" Cutler-Ham (3%)--. . 8% e pie ot the ’ i RENTAL MANAGEMENT 3% 300 Devted Go Gaoy. D e ) ~ We solicit the Rental Management of your property Deere & Co (1.40 car-loading reports that business is » showing an unsatisfactory pick-up. | N On our liberal 20 monthly whether Apartment, Residence or Business There was less evidence also that the repayment plan. No indorsers short_interest was active, with issues required. A strictly dignified MP’I\ I AN Devoe & R 18t pf (7). that had been performing sensationally ice. g}:‘mfl:‘:"‘z’i""‘;’" moving today in & more normal man=- . e ————————————————————————————————— W 11 [ Shorts Again Cover. \ Our organization is complete as to securing Shortly after the opening, however, | N INC. tenants, making collections and supervision of 97 83% Dupont de Nem (4 Y on o - s 3 121% 118% Du P de N deb of (6). that 1t had on Monday and Tuesday. | NWZ ) 2 Without obligation to you we would be glad Speculation was concentrated in the | S to discuss this with you. 9% 7% Eastern Roll Mills % 9 public utilities and in the copper shares " » I ey Father than in the iron and steel, motor ™ 24-hour Telephone Service 1714 18% Eaton Axle (1.60)...: and rail stocks as previously. At the 9 8% Eitington-Schild.... g |same time the short interest again be- 54 354 Eitington-Schild pf 50 50 54 |treyed its discomfort in sharp advances Randall H. Hagner & Company Elec Auto Lite (6)..: in J. 1. Case, Vanadium, Gillette Razor, Elec Boai 3 2u 8 3 |Westinghouse Electric Columbia d Mortgage Loan’ Correspondent 3 - g . Auburn Auto fell back 10 . ing *collateral loans, advantages and e G : Polnts and Jater advanced about 7, New York Life Insurance Company disadvantages of real estate loans and 1 4 et the liquidity of small loans through & = : BlaRavancot . 49 ) S in e bt e nas| 1321 Connecticut Ave. N.W. Phone Decatur 3600 d Elec Stor Bat (5). T T g A 8i% Am Pow & Ltpf ¢ Elk Horn Coal pf....120s 6 ] there was a strong suspicion that the f A st (5 Endicott-John (5) 4 professional bears were reducing their iote md% pmt:lc‘lpl“ejnc::‘l;n : i :: ;:alin!tg:n ?:3 ndicott-John pt (7) commitments. They have been exerting e cpg Bt gy s g g o e Am Roll Mill (n2). .. g Pub SvpE (5% ). 81 87 89u | pressure lor some time sgainst such e e o st ‘Am Bafety Rasor (§) Eq Office Bldg (2%) . stocks as American & Foreign Power, o ':loflmflg&mmu‘:;; m-x‘ - Brie RR. American w-m ‘Works, Columblia, m liquidity to correspond with y a 03 character of deposits, rate of return, b -+ ::::;,‘.Rc’h'f: i )‘ #nd analysis-of castomers’ ’ requirements. Am!olvlt, g;m(l.n)pf. 29 25 AmBtee . b ) g Am Sugar Ret (5). s “The Protected Bank” is the topic| 104 96 Am Sugar Ref pf (7) for the second session the afternoon of M Am Sumatra Tob.... » February 26, which will be devoted to | 17% Am Tel & Cable (5).. discussion of policies of operation and Am Tel & Tel (9).... co-operation that serve to protect the ‘Am Tobacco (16). ... ftion of a bank and its earnings. AmTobceuo‘B (16).. e discussions will include procedure | 105 in bond buging; the establishment of * adequate primary and secondary re- serves to guard the bank's liquidfty; systematic compilation and analysis of - Sn!;-—n-nzeamu.n-l‘..s.‘unflls‘u » o EETTY PN LT 8.—;«»-.&-‘—38 E-s.§. PTT T To-TSON 28 39 . . e Bvas Eovang. 3 s 0| et ety "B T e ot Equitable Co-Operative Bldg. Assn. Fed Lt&Tr (11%).. 4 40K 46% by miaiay e o e bullding or refinancing JOBN JOY EDSON, President WALTER S. PRATT, Jr, Secretary Fed Wat Sv A (2.40). year. Consolidated Gas, American Tele- tlons. That this sc-| EMORTGAGE & GUARANTY We Have Money to Loan on Real Estate figures of electric output for the past in protectingdeen.operations; the need Am Zinc Lead & Sm. Tt Sy bl g about co-operation and united action ‘Anchor Cap (2.40) ., » lower opening, the application will receive prompt and courteous borrowers and other banking menaces; Andes Copper (1)... 10 6% % ey :‘,‘:’z'mu in the prics of cop- ] Loans repayable monthly. e Armour of Il B. 11 2% made new high prices for the year. The BANK. AND andling of this promem. and - 8% Gen Am T Car (34).. 18 o Granby Consolidated, Geiro de Pasco, . - A TR 30 08, 200, -39 o Geon Cabler 7 Trading during the first half hour Sheme Cwill Do ~ihe Prontsble Bamkr| 52 484 AU - g2 | & Gen Cigar (4) 48 sy 5 e ey REVIEW SAFE FIRST MORTGAGES vt o o M, Shatre i e o Gen Elec spec (60¢) . 100 | Come Threshing yas & feature in the 36 Erie RR 1st pf (4) 43% & Electric, International Fairbnks Morse 1.60. at_advances 8% Fashion Park Asso.. I to loan for buying, Organized 1879 Sist YEAR COMPLETED Fed Lt & Tr bf (6).. 3 . Corporation were dealt in at a level ompleted ies. iy . FeaMowrdr i), | 8 Ot 8 7| 5ok Vi Doiois sbove the low or the ([} COPISted Properties Subscription for the 100th Issue of Stock Being Received phone & Telegraph and Brooklyn Union . Gas moved up from 2 to 4 points on REAL ESTATE Tivity and stoenpih originated 1h specu- RPORA s T e b or to Take Up First Mortgages week showed decline of about 6 per 1610 K St. N.W. credit information as a line of defense cent from those o e e Call National 1403 O you desire to purchase a hame. refinance Am Writ Paper pt... gy Crea s your present indebtedness or improve s or improve your for county and regional clearing house ¢ associations 4nd credit bureaus to bring :::f;:::cl::(’fi;)'. m’tlé;m property? . We have the money available! Your of ‘bankérs on problems of mutual mn- hor Cap pf (64)+ mrtn tollowed enmple set by the . Serest and the climination of duplicate | Sos o3 Arcronds WA S i) two and climbed attention. Archer-Dan-M (2)... 11 36% 37 per the interest was focused on = A £ m 2 % red metal shares, virtually all of which No brokerage . . . No commissions the Armour sTIIBE ’ L] leader in this gropp was Anaconds; with 4 $ AR e O e and e 34 : 3 o = gain of over'a point. Kennecott, INSURANCE 915 F St. N.W. Pprotecting the bank by insurance. Gen Asphalt (3) 10 39 American Smelting and cflumn and 3 A n Hlecia had sharp advan STOCKS For the third session, to be held the Gen Cabls A was given as evening of February 26, the general| 2% 18 vtlantic Refning (1 2408 800,000 13 The varicus avenues of profit to a Gen Cigar pf (7).... Io- 116% 114 |[hour volume was again high. Money will be considered. Gen Elec (1.80 16 8 435 | renewed unchanged at 1% per cent, 1930—1931 operations of a bank to make it ’ 47% Gen Food Corp (3).. 177 5 B30 | indumziaie. - Tt Spened higher . Gropped e 2hie, to determine and gliminate non- ST MM Dorwet P Gen G & El A (e30c). 8% |21 points and then jumped 5 points essentials and to install a definite plan | 25% B 2 | oo 54" GenG & El oyt (8): 60% | to & new high for the year. Othie new Copy on Request - THERE ARE LOSS- of expense control to bring about max- T{ GemGaEIprA (). 208 % (‘:"o“m;\.")". - ;::fl:hm . g ey ol : PROOF INVESTMENTS imum efficiency; the 48% 'Gen Mills (3) Rt g States' Steel opened lower, but subse- |} | (3). . " 2 followed the trend. —_ ment of interest on deposits with r N u et s % | e A e rend. DEALERS and they are available alike to tion to the earning power of the bank's ¥ . R invested funds and. with Tespect 0. et S ke '2: % 18 14% Gen Pub Sy b6% atk. 9% gain to & new|§ New York City Bank Stocks those with limited money as rate that will leave adequate profi! 76% 68 Gen Ry Signal (5)... L . . for lean years; and the analysis of 3 iy e ) i Y 69%| ‘6% 5% Gen Reafty& Uul... ) 5% 64 Insurance Stocks well as those with large sums. , “Southern individual accounts with basic service| ¢° 2y Beding-Hemingway 3 % Ay e 52% a ne eqpue:feann 093 and Canadian 2a- || Over.the-counter Securities Ouir+ charges for small accounts, '“W‘" 16% Bendix Aviation (1). 78 o T B¢ T Smeaniura e : |0 el v ol 6% FIRST MORTGAGES 45% Bethlehem Steel m'. 165 the leaks and place all accounts on & 24 Blaw-Knox (1%).... 8 ble basis. e 16% Bloomingdale Bros. . fl: 1 FREIGHT LOADINGS. haven’t a worry in them. Your e o s foslitt ool Waggaman, Brawner * Over'o Thivd principal is securely secured; the week ended & Co., Inec. - of @ and the liberal interest—always slight during .u:u;er{t:l“ .dvgmu:)fij:zi‘nlg - o Investment Bankers Century | the same—never less—will be Riitway Amocution, Totlon, for " comr 1700 Eye Street N.W. Wik % paid regularly. parabjle periods Week ended January 31, 719,281 cars. ME. 3860 Covering a period of over a Previous week, 715,690 cars. A third of a century, no customer = has ever suffered a loss through this investment. May be purchased in amounts Grt Western Sugar. . Eenc CONSTRUCTION LOANS [l - from 5250 up, Py il As Mortgage Loan Correspondent bf the Noted Spesiers on Program. 050" Bonami a (b “The Practical Bank” ‘will be 7 Booth Fishistpf... 2 8% BordenCo (kb)....» 58 A arner ( + portance of proper selection, direction 16% Briges Mf (11, uu) mz and devele nt, of personnel to in- uu Briggs & Strat (2)... Gotham Silk nomry crease employe efficiency and cut down Brockway Mot Trk. . Gratialn-Paige turnover by bringing about satisfaction Bklyn-Man Tr (4. Granby Consol (:) with work through placement incen- g:g:m’gflgfl ). e b iiscnoed at ini3 sessign. Other| 85 85 EKiyn& QuTor (§ topics will be accounting methods, with | 115% 193 Bkivn ‘,’,“{i‘fc‘:}' ¢ Epecial reference to budgeting, accruals| 1 e L and reserves, and creating understand- B::‘{:“"('” ¥ s ing between the bank and its customers Poey S o bE AAG) with respect to the bapk's functions B“z (FG)‘;H /2 %o promote customer good will and to Budd Wheel (1) meec outslde competition for bank de- Bullard Co i Bulova Wi s already announced, Rome O, Guif Mobile & North. : ¢ 3 Btephenson, president of the American BTN BRS Gui States Steel. ... Metropolitan Life Insurance Company we o BanKers Ao OO o the | 39 ,23% Bush Terminal (2%) 20% 30 29 Hahn Dept Store always have ample funds available to loan on A s * e o w-‘m;;dun . R e it § So% o g:::?::‘g‘)”“m . Large or Small projects. 5 of the Central Atlantic States il - (i skt , Harb Wal Ret ). 2 2 7 g v R National 2100 . 925 15th St. N.W. firess the Byers (A M) ST b Helme (G W) (7). s |l Our organitation is fully equipped to as George O. Vass, vlce chgirman of the Byers (A M) pf (1).. 108 2 . . . BRiL Publicity Committee, and Edward J. Calif Packing (4). e Hercules Pow pf (7). sure immediate action on your application. Consult Chaleman . of the Hotel Callahan Zinc & Ld. . gl e e N EAVER BRO REALTORS gredt satistariion Calumet & Arizona.. 9 Holland Furn (12%) Washington Building District 9486 today over the rapidity with which re- 8 Calumet & Hecla 9 % Hollander Sons...... ¢ Zoan Correspondent | FINANCING o for hotel reservations are com- Camp W&C Fy(1). Homestake Min (17). lmopomuu Life Insurance Company ‘ Canada Dry G A (3). Houdallle Hershey.. Loans made in the District of Columbia and Nearby Maryland and Virginia COST - End2aane el oSl Tomen Granite City St (3).. Grant (WT) (1).,.. Grt North pf (6).... Grt Nor Ore (2). . Ty -3 5 e 3 .:—a-an.-a-z..-‘.!- » k-3 ) THERE IS ' NO SUBSTITUTE FOR SAFETY . F. Norment. Can Pacific (2%). Hew S At the regular meeting of the Execu- 24 Cavanaugh-Dobbs pf :o- 32 32 8 HoweBouna (6 .. #ive Committee of the American Secu- 0} HOA & Man Ry (3,60 rity & Trust Co. yesterday afternoon A Hudson Man pf (5).. F. Norment was elected chair- | 46% 5 e e man of the committee to fill the vacancy C e eaused by the death of B. F. Saul. Mr. 9 9 B e i Norment has been a director in the 4% Celotex vic e i gl American Secugjty & Trust since No- 20 Cent Aguirre Asi lnfl?o uu‘““’c‘ )i vember 15, 1807 » member of the} 5 n-mm Rn;o: yel Executive Committee for many years Y e .;;R: nn(g‘ and has alwaps’ taken a very active 4 3% 8% Infust Bayon'(6) interest in {he bank’s affairs. He is 17% Checker Cab (1. e b chairman of the board of directors of 39% Ches & Ohio (2 et muo::c( Yarine the National Bank of Washington and 40 4 pin ln.:"mh" gr:;a- is also chalfman of the board of the % CI g Lot i g Norfolk & Washington Steamboat Co. e et % Peelle to Address Section, % 10% CbiGreat West pf 2 2, Intercont Rubber. B. L. Colton, chairman of the fidu- 6% Chi M1l St P & Pac 8% 8% e e piaries section of the District Bankers'| 15% 9% Chi MiIStP&Ppf.. o ke (Moo Msocmnn? pnd tru:kv. officer of the Dhl:- g 8:{:’;;"{}“}'}9,‘,“" 43% 44 5 Soh c:r'm::(:(:"e'))" = trict Nati Bal announces that 1 P ees . Auorney 5‘;}“"},",“{, Feelle :rhn‘h:b:w a:“ i Pueu ;mf"‘in w11 ;; 1wl o Int Cement (4). 60 Columbla S Loans on residence and busi- rm of Peelle, Ogilby 5 n % Cl eu T p: Do . A Somelidsted secured @s the guest speaker for the AT% ChiR & Pac (7). . confer an ownership in- mess properties in the District g N i I | N T Cllls Copoa (1 20% Int Hyro E1 A (e2) terest in common stocks of Columbia and nearby “Wills,” being considered an ‘authority i » L B Al e 18 - % of 40 leading American Maryland suburbs . . . Ample this subject. - Chalrman Colton 3B% City Ice&Fuel (3.60) Int Nickel (80¢) 4 corporations. funds, lower interest, prompt ap- siates that the meeting will begin at 7% City lcl&F‘pt(.%) 100 J 8 o'clock and be xoum.\cd hy a buffet 2% City Stores. 11 Int Nick Can pt b, wahubls plepayment Indieati t an un- 20 City Stores A (3%). 100a 25 2 - 8w 8 8 8! B 00X o T o oy e P o 18 Clark Fq:mrmfl) g SCIENTIFIC o R ke privileges. Three-year loans usually large atendance of “ihe mem- %18 Clatk i bers of this section. 4% Clue RESE ARCH Pennsyivania R. ) on newer properties without amortization . 9 SEnaNuEEnaame Be n.—..-e-a—n'::-- First Mortgage Funds FUNDAMENTAL e T e aS 1 1 160% 142 Coca-Col 7 Safe Deposit Meeting Announced. 2 30, 5 51% 50% Coea-Cola A (3) ; o e 1 -Pal-P (234). 3 . . ‘The regular monthly meeting of the| 49% 47 Colgate-Pal-P \i} Int Salt (3).. % 4 i & Baton ot strength A safe deposit section of the District]| 108 102 Colg-Palm Ppf (6).. Bankers Ammwn will be_held at| 16 9 Collins & Afkman... 10 Int Tel & Tel (2 each of the 40 corpora- Inter Dept Stra (Z)Q. . . ’ February 19, at_the Hamilton 9% Colonial Beacon 1 Inter Dept St pf (7). 1008 59 5 ions. An illustrated flm:l‘ Chairman ¥ H. Cox announeed I S ‘”“ 5 aon son Intertype Corp ). ) 1 1 klet ~describes their %‘ 90 ffisylvania State Safe Deposit El ot A (6) e represenion by L. | ‘20% "7 Col Graphoph (%) cw 10% 10 Jowel Tea (4) research activities. 4 wn figure in ‘“ ‘de-| 99% 73% Columbian Carb (¥8) 187 1 1 9% Johns-Man viil »T0% b i 4 ?fi% The Ma d State| 20 18% Comcl Credit (2).... Jordan Motor Car 4 % L 4ssociation be re| 84 Comcl Credit A (3 8au| 9 Karstadt(R) (a1.03). . e b ChaTies O KIemner, 11 prest- 21% Comel Cred pf B (2). 208 22 Kautmann DS (1%) % 1 ame SEND FOR BOOKLET and sented by ) € | > dent, and W, P, Davall “m M. 25 Comel In Tr (g1.60). 18 8% Kayser Jullus (2%). 9 b1 AND FULL INFORMATION 7 Belt, officers of the same 83 ComcliTecvpf(e6). 2 82 82 2 Kelly-Spring T4 2 ‘: m Sonescerable: oy 16w Comel m:.'n?-un 18 tivey Haves (33, 6 27 a7y . | : H. L. Rust Co pany M]fl GM messages of 8 Cmwith & Sou (80e). 284 K * "’h&. frony e t of mfll}:dé‘l-;:ll °:= g;'l'llih & .‘N“u.‘ ) d: ol o ”’“ 3 ESTABLISHED 1889 ting ngoleums-] ra. .. L “.“"M“"":::::u v 22" CongremsGigars (4). ¢ @ 2% 4 88 Kimberiy Clli.tktl o @ 0" 3e% Crane, Parris & Company 1001 Fiticonth Strsst Natlenal $200 ‘onsol Cigars v ae Infiey « « . a4 . n’-’f&fifl'"' John, B Cochran of the 86 Consol Cig pr pf 6., 608 A ok Investment Bankers . > g s for *“The Pradential® National Bank 15 passing sev- 64 Consol Cifar pt (1) 108 L % 821 15th Sweet, N. W, ] Telephone: National 0591