Evening Star Newspaper, March 10, 1931, Page 13

FINANCIAL. FINANCIAL, FEDERAL RESERVE || NEW \‘ragmlg’lgms.}'_.o“glucngz(gHANGE STOGKS IRREGULAR 5= j stronger. Auburn gained 4 wmh. ofl shares were quiet. Railroad stocks were § Note—All stocks are sold in one hundred-share lots =Prev, “fl_ UN PRUF"‘ TAK'NG lgANS SHflw DRUP excepting those designated by the letter s (80s) (2808), | TGy, Diraeed R, f‘;‘o?flw"‘&a 149% 1 m Chesapeake Corpora ive, 17 Radio-Keith, um 146% Corn Prod pf (7) vhlchnhanmmmmmmlnodd!m nucuyxuo.,, i lfllvflnl-lnu-’“hmnlmhl“l‘lfi- Cream of wm'tuu) Decrease of $26,000,000 Re- | erev. 1011~ Siocxana mmier- m? —_— Srev. b Dividend Rate. Crucible Steel pf (7). 208 103'/- B Aviibt Pow & Paper. 3 11% 1% 1 f (1), ported for Week Ending 52 39 AbItibi PEPDf(6). 3 i 3 Cubsn-AmerSugar.. 1 % 3% 3% 23 16% Adams Exp (1.60) 1 22 2% uban Am Sugar p.. 108 91 83% Adams Exp pf (5) March 4. - 29% 22t Adams Millis (2). 5 28% Wanted—Salesmen By a long established and well known Invest- ment Banking House, two young men to sell high-grade securities. Applicants must have had previous experience in the business. Those having the desired qualifications can make a permanent and profitable connection. Replies Early Gains . Induce Sellmg Public Utilities Continue in Spotlight. PARIS BOURSE PRICES. PARIS, March 10 (A).—Trading was dull on the Bourse today. Three per cent rentes, 88 francs 75 centimes. Five 5% 2% Advance Rumley. 4% per cent loan, 103 francs 15 centimes. BY EDWARD C. STONE. ‘The Pederal Reserve Board’s condi- % % Ahumada Lead... Wright Corp. 4 281 21% Addressogr Co 1.40. 4 3 9 o g 2 3 109% 92% Air Reduction (14%) 7% Alrway El Ap (60¢). Wr Corp A Cushmans pf (8) 108 BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, March 10.—An exten- Exchange on London, 124 francs 10'2 centimes. The dollar was quoted at 25 francs 5412 centimes. confidential. Cutler Hammer. 2 Davison Chemieal ) Drlaware & Hud ('). 2 1 1 . sion of the recent rise in one part of today’s stock market coincided with Mone’y to Loan heavy realizing elsewhere and produced seend WA it a mixed price movement. Except, for | Seeszed by, first foed of trast lon real estate. one or two specialtis, however, there 90 Weah. L & Trast was no weakness, and stocks advanced | Joseph L. Weller 50,70t " & Tnt easier than they declined. Diamond Mtch pf ening prices were higher and for Dome Mines (1) ... our or so the market was almost Domn Stores (1.20 U 1 | buoyant. Then came a period of hesi- Drug Corp (4) tation, profit-taking in the motors and Dunhill Inter: < byt a reactionary trend in the general in- Dugques Lt 1st pf (6). 1 % | dustrials, The utilities were consistent- Dupont de Nem (4).. 31 y Iy set;ong. leadership today being as- Zastern Roll Mills. .3 sumed by Consolidated Gas, which rose 4 man Kodak (18) to a new year's high on large-scale buy- Washington Stock Raehanae o ‘"m"" Eaton Axle (1.60)..0 ing. Publication of plans for a physical New York Cuth B Eitington-Schild connection betyeen the New York Edl- (g Elec Auto Lite (6. son and the Niagara Hudson systems o - s was the ostensible reason for the State Superviston LY. Rubber Exchanse ot b ¥° Ine. buying. Exchange, Inc. Rew York Hide Evchanse: Tnc: Other Power Stocks. On our liberal 20 monthly o G en: Covton Excsange (Assoe. embersyonse: Inc. Other electric light and power stocks repayment plan. No i"‘"‘fi‘" d Eng Pub Sv (2.40)... . «f required. A strictly dignif I AR Bub Syt (5), Sl TR e ety st i b STOCKS BONDS COMMODITIES DIRECT PRIVATE WIRES Eq Office Bldg “"’: 4 334 31 | Improvement, and United Corporation, e Erle RR 18t pf (4) ik hevtered by & Siictin S orevs Muyhnd l’mon:l Bankers, We are equipped to handle promptly orders on the leading exchanges of the world. ‘Address Box 103-Z, Star Office tion statement of weekly reporting 7 Alaska Juneau (40c). member banks in leading cities on 6% Albany Wrap Paper.. v T% Alleg Corp. . . March 4 shows decreases for the week 4 1531 Allled Ch & of $26,000,000 in loans and investments, 122 Allied Ch & D of, @, $100,000,000 in net demand deposits 32% Allis Chalmers (3). and $51, 000 000 in Government deposits, 15 Alpha Port Cmt (2) and increases of $14,00,000 in time de- 1 Amal Leather.. posits and $5,000,000 in borrowings 16% Amal Leather pf... from Federal Reserve Banks. - 171 Amerada Corp (2) Loans on securities declined $36,000,- 20 Am Agri Ch of Del 000 at reporting banks in the Chicago 54% Am Bank Note (13 district, $12,000,000 in the San Fran- 24 Am Beet Sugar. . cisco district and $40,000,000 at all re- S porting banks, and increased $20,000 LRl :7') 20 000 in the New York district. LG ket L “All other” Joans increased $11,000, h 8% Am ot hrleedd e 000 in the Boston district, $9,000,000 in e s the San Prancisco district, $6,000,000 i bt e in the Philadelphia district and $17,- s gyt o 000,000 at all reporting banks, and de- i birpe S Lt T g clined $8,000,000 in the New York g tinel et b district, 19 Am European Secur. Gas Bond Issue Details Out. 264 Am & For Power, Financial details regarding the new oy il i LA 6,500,000 Washington & Suburban b e b g Companles 51 per cent collateral trust 101 A Fide & Lekth of. gold bonds were announced today by AT A Honeer (620 Harris, Forbes & Co. and the four other | gi¢8 9408 ATy omg P (4500 fiancial houses in the syndicate plac- [ & M Arn Toternas () ing the issue on the market. The bonds ... 9 Al P& Neanite are priced at 97 and interest, making | gqs, the yield over 5.90 per cent. an The new bonds will be dated March| ogy 1, 1931 and be due March 1, 1941, in-| 39% 2214 Am NatGas pf (7).. terest,payable semi-annually. Accord-| 64% 45 Am Pow & Lt ($1)... ing to the circular, the Washington &| 100 94% Am Pow & Lt pf (6). Suburban Companies is a Massachu- 80% 78 AmP&LtpfA (4). setts common law trust, formed under a! 82 80 AmP&LpfA st (5) declaration of trust, confining liability| 21% 15% Am Rad & St San (1) to the trust assets. The new firm takes| 12% 7 Am Republics the place of the Seaboard Investment| 37% 261 Am Rolling M Trust which was formed two years or| 66 57 Am Safety Razor (5) more ago to take over control of the 1% % Am Ship & Com. ‘Washington Gas Light Co. 581 40% Am Sm & Ref (4). ‘The Washington & Suburban Co.'s 100'5 93% Am Sm & R 2d pf [G) states that it owns 84 per cent of the 37 Am Snuff (13%).. Gen Am Investor common stock of the Washington Gas 11‘6 % Gen Am Tank Car(4 Del Lack & Wn (6).. Detroit Edison (8). . Devoe & R 1st pf (7) 100 Diamond Match..... 42 PR F. B. KEECH & COMPANY Members of . S - u €0 Board of Trade iverpool Cotton Auoclnlo ., Ltd. New York Cotton Exchn: New Orieans Cotton Exchange @ P Elec Stor Bat (5) Lok L ol Ui fous best price for this year. More or N 8105 Georgia Ave., lllm Spring, Md. Fhones Sheoherd 2854-53. = less the entire group was stimulated e A1k and seemingly without thought of the R e s high price-earnings ratio at which all atr 60, 4 Federated Dept Strs, 3 e e I, in American Can was opened success- Fed Wntsfv’:‘zz).w). 20 2 4| fully, " ‘Above 121 the stock was over 4 We Recommend ilene’s p! .o L] 9 by Firestone T& R (13- 1 e D T ey aoming e || New York Bank Trust Shares NATIONAL 0245 Firest T& Rpf (6)., 2 before the market had the figures on || (An Investment in 19 of the Largest New New York Chlcago Philadeiphi Provid First Nat Strs Q%) 3 R R s B B York Banks at Current Low Fi ! L WA, g it - y 6 issue. The United Stat:s Steel unfilled NOW il bl IR tonnage figures came ‘oufl st noon. They | | s the Time to Start Bullding Your Estate Fourth Nat Invest. Approximate Price, 9% Fox Fiim A (4). .. showed a decrease of 167,157 tons, R Frank Simon pf (1) w. Freeport, Tex (4)... Gabriel Co A. Gardner Motor. Fed Lt & Tr pt (6).. 108 A new camgatzn against the shorts H CORNER 17TH ST, N. W., WASHINGTON February 28, compared with the figures b e Ky gurt Robert C Jones & Co., lnc. It was a common comment in the || Shoreham Bids. street that the advance was a profes- sional movement without public partici- | | MATL TODAY—Flcase Send Me Complete K ; ( Met. 2022, 2023 pation, but, however that may be, the A% UNQUESTIONED SAFETY araniced) B s o e o ces | L ST e e gy) UNCONDITIONALLY talizations ‘of the Alexandria Gas Co.| 48 Gen Bronze ! Auburn_Auto, J. 1. Case, Worthing- Bonds and of the Washington Suburban Gas| 57 42% Am Sugar Ref (5)... ‘ Gen Cable. . b L 3 Vanads ity so.wwhkxfih operate companies :dj‘:cent 1;73: 96 Am Sugar Refpf (1) y 3 R 11 EBEr el TRALHIo, M’,‘t‘"";lz:‘} Address GUARAN TEED o Washington in Virginia and Mary- m Sumatra Tob. ... . i Iand. “The lssuing company states that| 234 15% Am Tel& Cable (). Gen Eleo (1.60). . O 2 nnd tay grfit obligation of the Federal ecuri ortgage Co. Backed by mortgages on owner-occupied it will also own 99 per cent of the non- 176% Am Tel & Tel (9). Gen Elec spec (60¢).. 5 voting participating preferred stock and 104 Am Tobacco (16). Gen Focd Corp (3).. 35 s LT TIPS o o dm e homes in the District of Columbia and suburbs. approximately 9 per cent of the common 104% Am Tobacco B (16). Gen G & El A (e30¢). stock of the New York & Richmond Gas 124% Am Tobacco pf ( Gen G & El cv pf (8 1 Mortgages held by large national bank as independent trustee. Co., which furnishes gas to the Rich- 53% Am Water Wks (3).. 4 Gen Ital Ed (a2.62) mon section of New York City, a part B4% Am Wat Wks cfs (3) Gen Mills (3).. 1 A liberal interest return—considering safety before yield. of Staten Island. 6% Am Woolen. 4 Gen Mills pf (6). The circular says that the new bonds 21 Am Woolen pf. Gen Motors (2).. 1 Maturities 2 to 10 years. Descriptive Circular Sent on Request will be direct obligations of the Wash- 4 2 Am Writ Paper Efll Gen Motors pf (5)‘ . & Suburban Co.’s and be se- 14 Am Writ Paper pf... Gen Ptg Ink (234 Federal Security & Mortgage Co. 1522 K STREET N.W. ~ red by depcsit with the trustee of 4% Am Zinc Lead & Sm. Gen Pub Svb6% Itk. Resources Over $1,250,000.00 Motor Group Heavy. Motor stocks were sluggish during the first half hour of the session. Mack Trucks directors declared a 75- cent quarterly dividend against the $1 paid three months ago and accompany- ing the declaration was a fairly opti- mistic statement. The stock sold off a point or so and then came back. As on .Monday, Warner Brothers Pictures was an exception to the trend, selling to & new year's low, under $12 2 share. The bonds were correspond=- ingly weak, but no acceptable explana- tion for the selling was offered. One mnent w::mthl]t both bonds and were g liquidated from one 2 2 Souroy for special reasons, but even this serve that it provide you co not be confirmed. A little sell- 1 1 - D) ing of other amusement stocks was with the utmost in com stk e it noted, one of the issues under pressure fort, convenience and Goodyear 1et b 1Y Wing' Wou Wiks. PRI Graham-Paige. ..... Early Gains. % A To do just this The Shoreham Building ° ——o Your Business Deserves the Best - ® about 85 per cent, or 100196 shares, of % 26 Am Zinc & Lead pf.. Gen Ry Signal (5)... Washington Gas Light common stock, 29% Anaconda Cop (23%). as well as the smck of the above men- 22 Anaconda W &C (1). tioned suburban companies. The circu- 27 Anchor Cap (2.40)... lar comments on the dividend record of 15% Archer-Dan-M (2).. the Washington Gas Light Co. divi- €0% Armour of Del pf (7) 4 Gillette Saf Raszor... dends having been paid for the past 55 2% Armourof Il A..... 3 Gillette Saf R pf (5). years on the common stock. 2 Armourof Il B. 4 Gimbel Bro: While the issue caused surprise in the 25 Armour of Il pf. Glidden Co. local financial district, it has been 3% Arnold Constabl Glidden pr pf 28% Asso Appl Ind (4) Gobel (Adolf). Gold Dust (2%4)....e Gen R & Ut pf (eC).. Gen Refractories (4) Gen Theater Equip.. HEN you stop to con- sider what percent- age of your time is spent in your office, you de- over its interests to some other hol company. It was o}x;gnbed to secure Atlantic Refining (1) control of the Washington Gas Light 97 Atlas Powder pf (6). Co., this aim being carried out success- 8% Atlas Stores (nl)... fully. 9 101% Auburn Auto (£4)... 2% Autosales pf... zfl‘;‘u l’f;:"m G";‘- o 3 Aviation Corp of Del Peop g es sales for Baldwin Loco (1 ruary, reported today, totaled $1,362,909 R Sgainst 31,300,837 in Pebruary, 1930, 72% Balto & Ohio pe (4). an increase of $62,072 or 47 per cent, 103 . Bamberger pf (6% Sales for the first two months of 66% 56% Bang & Aroos (3%) present year are 7.6 per cent above the 7 Barker Bros. 3 same period in 1930. 54 Barker Bros pf (6%) Sales of American Stores Company 7% Barnet Leather pf for the four weeks ended February 28 11% Barnsdall (A) (1 declined:1.5 per cent to $11,165,671 from 65 Beatrice Cream (4). :n u:m reported for the like period 50 Beech-Nut Pkg (3).. year. Sales for the eight weeks 16% Bendix Aviation m. znadmuuy 28 showed a decrease of 221, Best & Co (2). 25 per cent to $23,662.781 from $24,- 45% Bethlehem Steel (8. 260,233 reported for the corresponding 114% Bethlehem St pf (7). eun weeks of 1930. 24 Blaw-Knox (1%4).... The report of National Dairy Prod- 20% Bohn Alum & Br1%. ucts Corporation and subsidiary com-| 63 60 Bon Ami (A) (4) panies, including the Washington units,| 75% 67% Borden Co (k3). Tor year ended December 31, 1930 (in- | 30% 205 Borg, Warner (1). PROPERTY MANAGEMENT Apartment House MANAGEMENT @OBSN’Tuhpnh- vestment as is represented in that Apartment House you own deserve tried and experi- enced management? mBanSadhune Grand Unfon..... ... Grand Union pf (3).. a batch of favorable trade reports, the early market advanced strongly. There Grt North pf (5) e sct been specially equipped; onfidence was engendered by the |l and the service features 4 Grigsby Grunow. . Gulf Mobile & North, from the Bank of International Settle- (WF) PrCo (2) 6 B need of it. United States Steel itself venience. Harb Walk Ref (2).. Vanadium, followed with smaller gains. Hartman Corp (A)., 9% | Midland Steel gained nearly 3 points. Building rentals are as attractive as its Hercules Pow pf (7). 400,000 on ‘Monday. Government with- cluding results of operations for entire| 22% 165 Briggs Mf (11.62%). Hollander Sons. . renewed at 2 per cent, against 11, per - year of companies acquired during the | 24 Holland Furn (425 cent Monday, This was the first Te- Representative of the Owners since acquired) shows consolidated net| 125 103 Bkiyn Union Gas (5) Houston Of1 Consolidated Gas, which reflected re- 15th at H ports of a merger with Niagara Hudson o — bl T National 5643 3 io . profit of $26387376 after depreciation, | 36% 32% Brown Shoe (3)..... Howe Sound (4).. Federal taxes, etc., equivalent| 9% 5% BrunsTer &Ry S. Fud & Man Ry (3,50) lnet du!uctlnz dividend requlr:menu 20% 14% Bucyrus (1).. Hudson Motor (1).... on preferred stock of National Dairy| 34% 25 Bucyruscvpf Hupp Motors. . Products Corporation and subsidiary| 5% 4 Budd (EG)Mfs. Tilinots Central (7) companies’ preferred stocks outstanding | 13 9 Budd Wheel (1) s Tinois Gent LL (4) o at end of year, to $4.10 & share on| 23 11% Bullard Co.... Indian Motor Cyele. . 6,202,177 no-par shares of common| 15% 11% Bulova Watch (1%). Indian ReARIAG, o v stock. This compares with consolidated | 32% 21% Burroughs A M t1%. Indust Rayon (4« net profit in 1929 of $21,576,176, which, | 31 23% Bush Terminal (2%) Ingersoll Rand (16). el Bt 12 ALY v | 31 2 Besh T, ) e Complete Investment to $4.04 o share on 5135645 common | 111 109 Bush T Bldg pf (7). i o dosogh bt - . i sy 1% Butte Copper & Zine. Insur Shrs Md(40c. Brokerage Service 1 Butte & Superior.... Today's Trading on Exchange. 12% Butterick Co D A Trading was more active on the 3 Copy of Our “Fortmightly Review” Furnished on Request Lét us show you how over- | head can be reduced and income increased. Granby Consol (2)... Grand Si1 Strs (h1).. ‘With a favorable tonnage report from 5 United States Steel in anticipation and Shoreham Building was Granite City 8t (3).. specially designed; has Grant (WT) (1)...0 were gains of 1 to 3 points all through the active lists. Grt Nor Ore (2)....« Grt Western Sugar.., announcement of two major railway - bond issues today and the declaration leave nothing undone to Guif States Steel..... ments that the time had come for the add comfort and con- Hahn Dept Stores. movement of capital to countries in Hi Ham Watch (11.95).. was up 8 point, at 147%, and the other Compared with what steels, such as Bethlehem, Republic and Hanna pf (1)........ e pu ok ghes Bkaneboks Hartman Corp (B). . During the first half hour trading Hayes Body. % |amounted to 500,000 shares, against K b b accommodations. Hershey Choc (5).... irawals of funt caused a tightening Hersh Choc pf (15).. in the money market, and call maney MSKEEVER & GOS$$5.c year and of companies held under firm | 69% Houdaille Hershey, . newal at such a rate since January 2. SHOREHAM INVESTMENT CO;, ‘contracts at December 31, 1930, and| 941 85% Bkiyn Man Tr pf (8). 3 ; Houston Ofl. 3 The feature. of the utility roup was ||| Rental Office, Room 520 Power. The stock ran above 105, a new top for the year. The whole utility list Tinsasconsilf o & B. F. SAUL CO. 925 15th St. N.W. Nat'l. 2100 37% Byers (A M) Interlake I (60c). Washington Stock Exchange today than 42% Calif Packing (4)..n s i iy on Monday. Washington Gas 55 were : % Callahan Zinc & Le Int Bus Mach (n6) the most active in the bond depert- 36% Calumet & Arizon ek gy ment, selling at 104 and 104%;. Both % Int Combustion. MORTGAGE LOANS 381 Can Pacific (2%). ... 17% Cannon Mills (1.60).. Capital Tracticn stcck appeared on 9% Capital Admin A.... the board, figuring in several small lot 81% Case (JI) (6)...... transactions and closing at 36%. Po- 111 e (J 1) pf (7).... tomac Electric Power 51, per cent pre- 26% Caterpillar Trac (t4) ferred sold at 110 2% Cavanangh-Dobbs. One share of Washington Gas Light 11 Celanese Corp. stock changed hands at 125, the same 19% Cent Aguirre As1%. as the last sale, and Mergenthaler ,Z.‘; g:'r"d':f;_',":‘gx"(‘;)-u Linotype figured in a tirisy sale at 87. T Heard in Financial District. 14% Checker Cab (1.80).. Directors of the Riggs National Bank 39}4 Ches & Ohlo (2%) at their monthly meeting late yesterday 40 Chesapeake Corp (; afternoon voted the regular semi-annual % Chi& Alton, 71, per cent dividend on the capital % Chi & Alton pi stock, payable April 15 to stockholders 3% Chi Gréat Western. of record March 31. oo \;:"Pvf G. Bowie Chipman, resident partner IO . 0e of Harriman & Co, members of the 9% Chi M1l St P& P pf.. New York Stock Exch: 33 Chi& Northwest (4). ington yesterday for New York, from P L Tr';';’l~pl . 23% 3 oo R e e e B 47% Chi R 1 & Pacific (5). Application of directors of Pathe Ex- 8¢ ChiRI&PpLS).., : 4 A e 94 Chi R1& Pacpf (7). change, Inc., to dismiss a suit brought 30 G Yalow B by one of stockholders asking for s B appointment of a receiver for the com- 18% Chi . C EE pany and that directors be liable for 305 Oity TeekTuat (3,60, damage sustained in recent sale of as- . e et 4 sets to Radio-Keith-Orpheum, denied % 11 Clev & Pitts (3%) in Supreme rt { 24% CI % Terence ¥. Cunneen, manager of the 244 Chisty Parbidy 18) 1424 Cocoa-Cola (17%) insurance department of the Chamber 102 Colg-Palm P pf (6 of Commerce ef the United States, ad- 4 9 Collins& Afkmas. .. dressed the managers' section of the 21% Colo Fuel & Iron (1), Life Underwriters' Ass 38% Col Gas & EI (2). ington at luncheon today 100% Col Gas & K1 pf A (6) Adans House. Mr. Ounneen is 8 rec- | i% Col Graphoph (% ). ognized zuthority on insurance ad-; 731 Columbian Carb (+6) ministration 184 Comel Credit (2). It was announced today by President | 353 34 Comel Credit A (3). Lanier P. McLachlen of the District | 25 25 Comm Inv Trust (2). Bankers' Associgtion that the associa- % Comel InyTr war. .. tion’s annual pre-convention dinner will 82 Comcl I T cv pf (e6). take place on Ajril 22, at the Colum- 15% Comm Solvents (1).., 62 Loew's Ine (3).....e bia County Club. The committee in| 71 & Cmwlith & Sou (60¢ Loew's pf xw (6% )., charge consists of C. H. Pope, vice 91% Cmwith & Sou pf (6) 3 7 5 Loft Inc. president of the Munsey Trust Co., 6% Congoleum-Nairn 9 Loose-Wiies (12.70). chairman; Lawrence A. Slaughter. vice 22 Congress Cigars (4). Lorfllard (F) Co. ... president of the Commercial National 25% Consol Cigars (6)... 2 Lorillard (P) pf (7). Bank, and T. Stanley Holland, trust| g 54 Consol Cig pr pf 6%.1008 LouG&EA (1%).. officer of the American Security & J Film (2)..... Louis & Nash (7). e y 9% Consol Film (2) % 16% Consol Film pf (2).. 8214 Conmol Gas N ¥ (4). POTATO MARKET. 101% Con Gas of NY pf(5) 34% Consol RR C pf (6).. CHICAGO, March 10 (#) (United % Consol Textile..... States Department of Agriculture) — 6% Container Corp (A) Potatoes, 125; on track 266; total 24 Container B. . United States shipments, 778; about 17% Contl Baking A y...e steady; trading fair; sack:d per hun- 2% Contl Baking B..... welght: Wisconsin, round whites, 671 Cont) Baking pf (8). 1.30a1.35; few 140al Minnesota, 47 Contl Can (2%) gound whites, 1.20a1.30; Idaho, Russets, 41 Contl Insur (2.40). No. 1, 150a1.60; occasional fan h}nher: commercials, 140; No. 2 mostly 1. Colorado McCluses, 1.70a1.75; fair @pality, 1.4081.55, Connecticut at K o ‘Washington Gas 6s, series A and series Int Harvester (2%).. % Int Paper & Pow C. Int Shos (3). : : WASHINGTON Fnter oot Sk | Convenient Inter Dept St pf (7). 5 Richmond B, were out at recent levels. Capital Int Harvester pf (7). i A Int Hydro El A (e2). 3 29Y 9 int Maten ot (417 8 ; G. M.-P. MURPHY & CoO. \ Int Pap & P of (T)... Int Stiver. Telephone National 9600 Inter Dept Strs (. Investors Equity » . Traction 5s figured in four sales, open- ing at 815 and closing at 81%. Int Rzarc Marine (2). o v by ok g S Members New York Stock Exchange . Int Printing Ink. . 1510 H Street safe Int Salt (3).. Profitable Int Silver Inter D St pf xw (7), New York Philadelphia Baltimore Lond Jordan Motor Care- FIRST MORTGAGE L R ; : i Kelly-Spr T 6% pf Kelly-Spr T 8% pf f 15 5 [) Kelsey Hayes (2). Kendali Co pf (8. Secured on homes and Kimberty Clark 2% 1 1 i revenue producing e i s ASSOCIATED GAS & ELECTRIC COMPANY properties in the Dis- 1 SR trict of Columbia and Class “A' adjacent Maryland (Listed New York Curb) suburbs. Permit us to Selling about 8 times earnings to_yield about 9%. tol:':;l:;:\:f:l;‘::: ::’_' vestment funds . . . Cash Dividend $2 per Share. PRICE ABOUT 22 May we tell you more of our present offer- We Recommend » 3 ®» » O et T A T LU - I Y I Kresge (SS) Co 1.60. Kresge (S8) pf (1).. Kreuger & T (al1.60), Kroger Groc&Bak(1) Lambert Co (8)..... Lee Rubber & Tire. % Leh Port Cmt (1), 4 Leh Valley Coal. Leh Val Coal pf (3 Leh Valley (2%) Lehman Corp (3). Lebn & Fink (3). Lib Ow Ford Glas Liggett & Myer (15), Li~g & Myers B (15) Liquld Carbonic (4). » S The Associated System is one of the five oldest public utility groups in the United States. Its growth has more than paralleled that of the industry as a whole. From 8,000 customers in 1906, it has grown to 1,429,000 customers—serving 1 in 32 gas customers and 1 in 27 electric customers in the United States and its possessions. Gross earnings for 1930 increased 21%: over 1929, nos Gl ntnanBaluraaneSane - WAceAMAN, BRAWNER & Co. INCORPORATED Investment Bankers 1700 Eye Street ME. 3860 Ludlum Steel. . McCall Corp (2%) 103% 102% McCrory A (2) 40 McCrory pf (6). McGraw-Hill (2) McKeespt Tin P( McKeuson & Rob (1) McKes&Rob pf(3%) McLeilan Stares @ S 5~ H. L. Rust Company 1001 Fifteeth St. National 8100 ESTABLISHED 1889 Please send me detailed information on Associated Gas & Electric “A.” @ Name .. .occoeseciisanccicsivrarisocancassrsossosassnsensasosses Magma Copper (2) Mallison & Co. (Continued on Page 14.) cenITammer AdATess. ..ocoecieioncmoiervinsiiionsasnests shnvesernsinsesnss Bre-SanBunenn A