Evening Star Newspaper, March 11, 1931, Page 15

FINANCIAL PRICES AREMIXED | NEW YORK CURB: IN CURB TRADING Utilities Hold Fairly Well, but 0il Stocks Continue Decline. BY JOHN A, CRONE. Special Dispatch to The Star. NEW YORK, March 11.—Prices of shares on the Ourb Exchange moved irregularly and the volume of trading was light. Leaders such as Electric Bond & Bhare and Cities Servlu moved m < mixed tashion. former, like mq utilities, helfl (lhz well, but_the llb- host of the ofls. ter eased al Public umm furnished éon! Motor, Ltd., declared the ususl -10 ceht tht Pvrd Motor of Oanads A vancing, while Stuts. climbed to & new for_the year. rd Motor's action unsettled the interna mu.zflwuntmuum proj ncrease mnvlh.lw orlnhnnd common stock. A proposal by Ford Motor Co. of Hol- i hnd subsidiary of Ford Motor, Ltd., a dividend of 20 per cent for 1300 Tastend of - the. 10 clared in 1929, checked m:‘ hucr’: shares ln,'.m':’ mflefi i’ while hydro-electrie Sues o ed ahead. Sha Water & PQG'"- . hydro-electric development, which is deliveries to Duke Power and * Carolina Power & Light. Glen Alden Coal slumped to a record low level fol- lowing u» announcement that the di- "reduced the rectors had . '% pa; 1t from nuon NEW YORK BANK STOCKS NEW YORK, Nln!h 11 (#)—Over- the-counter market: §iE 2 - 1 i il 2% 90! Suows. il »:g: [} 2 ; EE: ! 0% Ee H-q o !-4" 3 = 9522 20, R 2 3 o Gt S v oOrl e yE R e e 299! s 02 % . EET 223382 geeaEiitsnsty Saaas! ?'gi? "3 e, SRS oy ®: Fszayngininadi sysangisseaiing & RE RN ssss 5 -_.-:.fi.‘um-.lw-—..;;;—-—--ul::-n!.-‘z. > - EiS D owBoa 382 S 32823383 23238222 W S El 2538 gows =¥ e st h S ARSI e g ) EarErT] ¥ So2 Teea2rao ng® ~ T W0 -0 22 23 I L9 i) u,.g,;;? > {1 2 W H e = Fagtet 3 ?Ei‘ TN - =l lete) sgad ares —-Seua 55 ;g *- z L) 3 H i ;E:Eh—fr 2238 e R s ans !m—m-mhmn&mm mnmmm g lni 21% 11% 1% Amlhn‘ Prod 1.6 10 2 1 Am Cigar Co. . Am Cit P&AL Bbi0% . Am Com P-A (b10%) 4% Am Invest. Inc (B). 37 Am Laundry Ma (3). 808 54% 43 AmLt&Trac(2%). 3 % Am Maracatbo. . 5 34 Am Natural Gai. 9% Am Buperpow (40¢). 294 96% " 81% AmSuperp 1st(6).. 2 20%' 28% Am Ut&Gen cu pf3 315 Am Util&Gen (B)Vvie 1 Am Yvette new wi P! Armstrong Cork (1) . lWl 4% Assoe El In Ltd 30c. 1T% Asse Gas&ElA (a2). lflfl 14 As30c G & E A db 2 32 Assoc Tel Ut (b8%) 34 Atl Fruit & Sugar. 3% Atlas Utll Corp 2% Auto Voting Maeh. 17% Aviation Cp of Am. 25 ' Bigelow-Sanford. 15% Bliss Co (BW) (n1). 314 Slue Ridge Corp. ..., 30%. Blue Ridge cv ptad.. 15 < 128 Blumenthal (8 03 108 Bohack (HC) 10% 4% BourjolsInc. 28% 21 BrasTr&Lt 1%, _1%:Br Celanese ret: 40 " 34% Brit Col Pwr (A) (1), 26% 25% Buft N&EP pf (1.60). 31 23 Bulovacvpf (3%).. 37 344 Burco Incovpt (3).. 2% 1% Burma rets $27 3-e., % Cable Radio T vic. .. % Cable & Wire A rets. % Cable & Wire B rets.. 1% Canada Marconi. % 'Carib Syndicate. 18% Carman & Co A'(3). « ~'8" Carman&CoBall. 224 Carnation Cd(3134). 17% Cent Hud G&E (80c). 26 15% Cent PubSv Del..... 3 14 Cent PubSveA bi0% 13 9 Cent Stat Bl (b10%). 182 3 S onaa ae o S2aum naranSonTuman Y 2 1% Colon Oil, ... 5 Col Oil & Gas vt 17% Col Piet vte (fl\i), & Colombia Syndica! Cmwith Edison (l).. M: 24 2 10 Consol Lapmd (1).... 1 40 Cont Shares conv pf. M; Dress SR A (3% Dresser Mfg B (2) Duquesne Gas Cp wi. Durant Motors, ..... EastG & F Assoe. .. - East G & F As pf (8) Bast St Pow B (1)... East Utll Assoc (2)., Elsler Electric Corp. Elec Bond & Sh (h8), 4 Elec B & 8h pf (6)... Elec Pow Assoe (1) .. Elee Pow Afso A (1) 'l..!l!:ll PLAT. El Sharehold (b6%). rporation. ... Empire Cp ev pf(ad). Bmp Steel Corp. RusBBanke > N Evans Wallow Lead. Foltis Fischer Corp.. % Ford M Can A (1.20). 14% Ford M Ltd (937%).. 1 Foremost Dairy Pr.. 4% FoxTheaterC1 A, & Gen Alloys (30¢). 5% Gen Aviation. % Gen Bakirg. e e g M-S0 ol aaa A RS~ 27% Gen Bak pf c.0.4. ( 14 Gen Empire Cor (1), 24% Gen Fireproof (2) 50K Gen G&E ev pf B (§) 1508 “.28% Gen Petréleurh. .. ... < 21% Gen Thea Ep cv pf3) -~ 82% Gen Tire & Rub (15). li; 85 % 8% u'lv. Gt At&Pac Tea nv(§) u- 225% Groe Strs Prod vte.. 1 Gulf Ofl of Pa (13). Hou-Her evpf A 2% Hudson Bay M &S .. Hygrade Food Prod. Imp Ol of Can (50c) % Imp O Can reg (50c). 4 6 4 Ind Ter Illu O] Bi .. Imp Tob Gt Br t8%¢., Ing CoofNo Am 123, Insull Inv «us Insuran Noarponnans wom we s int Superp (+1.10) Int Utilitten A (3% Int Utilities B. . Interstate Equities. . % Inter Equ conv pf(3) Irving Air Chute (1) Italign Superpow A.. ¢ Kolster-Br (AmSh). Leh Coal & Nav 1.20. % Leonard Ofl........ Lerner Stores (2). .. P Lo 1% 90 2 28% THE EVENING STAR, WASHINGTON, D hundred-share lots the m s (& (2508), ‘l-— Taond ‘Rate. Ad# 00, Open. I 0 L 1% 7 i ms % an % Ohto Plymou % 1% 4, .% 8" 1 S 34 41 e T, T Mi ll 815 14 4% 82 Willia, 6% 3 24% 124 10% I'K 4 <% :b« 1% Ay in m Plus 3 it 36% u'/. D'Pald last TesT—no ToRUIAT ThtE Public Utilities BY GEORGE T. HUGHES. United Gas Corporation. (This is the thirty-seventh drticle of & series on the subject of ublic utilities, covaring the principal perating and holding wiving their bistors, feld of overations and an analysis of the cavital structure: whes ‘will dis- cuss bonds as well as stocks, but will ot Oy, iacis witheet any stiempt @ImEnd purchase or sale-of specific m ities.) Ineorporated in March, 1930, dnd be- ginning business in June of that year, United Gas Corporation is still in the deve t stage. The y s g it whlz owns a majority of th.c %. shares. n‘flhfl- S oF e 0'a Iarge taiTiory 1o the or a ithwest. ~Customers are located in Texas, Louislana, Arkansas and Okla- boma, and to & less extent in Kansas, hnn. omlh and the Republic of emu.a' G nitea Gas noids %fi: 11% 8% MacMarr Stores (1). % Magdalena Synd. 4% 3% Mass Uil Assoc. % Mavis Bottlf 40" Mayflower A - 77 Mead Johnson (14).. 13% Mer Ch & S (1.60)..., 28 Mesta Machine (2).. 21 Mid St Pet VIC A, ..w 20% Mid WSt Ut (1%), .1 175% Mid West Ut (b8%). 1% Mid W UH1 A wa 97% Mid W Ut cv pt 80 Midvale Co (4). 32 Min % | % MoKanPLvte. b6% Mont LtH & T (1%) 4% Mountain Prod.(1)..; 28 NatBd &S8Corp (1)., el Bros| u! . zoo 23% Newberry (17) 1.10. 41% Newmont Min ¢4)... N.Y Transit (3). Niag-Hud Pow (: 1% Niag-Hud Pow A w.. $% Niag-Hud Pow Bw. . 5-Hud Pow C w. . ‘Niag 8h Md (40¢). ., los-Bem-Pond (2) .. Nipiasing (30c) ... 14% Noranda Mines. % Nerdon Corp Ltd. * % Nor Am Aviat A wi % Nor Europ oic l:n o Nora 89 Am Co» 1024 97 Nor Ind Pub 8 pr ( (62508 139% 123% NorStPow A (8).. 51% 384 Novadel Agene 1 Copper. 3% Ollstocks Ltd A (40e) Paramount Cab Mfg. Paiker Rust Pr (3).. Pender DGrA (3%). Pennroad Corp (20¢) Perryman Electrie 1 % Philip Morris In Phillip L Inc B 1. (T Phoenix Secur Corp. . " Phoenix Secur pf (3) sl rce Governor. Pilot Rad Tube A. % Pitney B P n (20¢) Pitts & L Erle (5) Pitts Plate G1 (2 Premier Gold (12¢) .. 1% Produgers-Roy Cor) 18% 3 Prudpntial Inves 9% . Prudential Inv Df(l).lfll Pub Utll Hold Cp ww % Pub'Util Hold war. . 803 49% Quebec Power(1%). 2bs L l'y.L'lmr('l). I‘l 2% Rairibow Lum Pr A 4 Ralispeq Int 4. axe! . % Schuite Un Se-§1 8t.. 3% Seaboard Utl) (50e).. 4 Seg Lock & H (50¢)., 4% Seiberling Rubber. 214" Relected Industries. . 53% Sed Ind (full p stpd). 1%’ Sentry Safety Cont. .82 smer nx-u) lffl) 261 " 16% Smith-Corona vtc. .. ' S0 Am Afr Lines 1st. 19% South Py 24% South C 6 BouthernNat Gi }o’ :6;: Pipe Ll.nu . eg May Btern pf. , 3 c.l-‘:vuuuu. e 315% Stand Ofl of Ind (3).. 20% ‘Stknd Oil Ky (1%).. : Stein Cotmatics. %4 Strauss (Nathan). 1% Strauss Both...... . 15%-Btromberg-Carl (1% ) 18% Stuts Motor (new). . l!luu.‘(olor (war) Switc Co (3) Swift Internat 12, ‘Taggart Corp (1). )I Electric (32 % -r.eu unn = (§0¢) iu {Texon OllaLa, “T'ran Con Alr rans Lux DLPS.. 2% Tri-Cont Corp war. . 3% Tubize Cantillon (B) 21% Ungertelder FinCp.. 13% Un NatGas,Can f1.45. <Anit Chem pt pf (3). Unit Corp war f ( Unit Lt &Pwr A (1 Unit L& Pwr pf (6 U 8 Elec Power ww. Ut PAL luu.u*). Util & Ind, Utility Eauities. Util Equity of (F%). Recsived by Private Wire Direct te The Star Office N L " LS - JOTIP I - B » SeRwun-aSSunnen ey e otorB. .. »-—n:weu:hflnnnuuaunbutnn [P e 1 e PRI T ae RewaanlS o 2 [PIEPEr 51 in Ofl (1) c1 ¥ .. tufuasite - bE% ) Inet (1)e ran. ., Saeranm mnbiaSeanna :«-82;‘-.- and DT PN TS Vic Finan c-rpun) Waitt & Bond(A)(2). “Walker (H) (1). Watson (J W) Ce Wenden Copper, C (1. Wil-Low Cafateria: Wh-Low Cafeter p; l io-no Produ-u . that 604 | line of New York, a former office 5| a son, 3% | turns in & good golf seore. % | he precedented ga | than $118,600,000 in WEDNESDAY INSURANCE LEADER ONCE OFFIGE BOY Bucker Elected President of New York Life at Meet- ing This Noon. Special Dispateh to' The Star. NEW. YORK, March 11.—At noon today, in one of the great spire-top have made the new 3 who 'w up in Independence, Mo.. M‘*Rn n&u earlier the covered % | wagons were starting for the Far West, was made the head of a billion-dollar company. ‘Thomas A. Buckner was elected president of the New York Life In- Co., with which he has beea oconnected since he was 15 yeass old, Darwin P. Kingsley, presi- ie_company for the put 24 years, elected chairman of the board. Asked what he valued most in the 51 years of his business life, this new c.hlef executive of one of the largest rporations in the world replied: “The fr\endshlpu 1 have made, chiefly amo! my associa m, ials, employes a! our agents. Like so many other big executives, Thomas A. Buckner is a man gl uiet, simple, democratic mflmer, who his chief pleasure in and in is work and his family. Youthful lfl spirit, at 66, he has a devoted following among the 7| thousands of young men, as well as the older dnes, employed by the com- pany. In Riverdale, the New York suburb on the Hudson River where he has lived for many years, he is known as a friendly neighbor. He. is ‘treasurer *|of the little church he attends.’ Likes Lincoln Biographies. His hobbies, according to a neighbor, are his (I.-fly. consisting of his wife, a daughter and six ndr,hfl- dren; the New York Life, radio and golf. He is an unusual good bridge player, a radio {;lnunad vorite books are biographies; 1a- yorite blograp e s ol Lincolt In fiction, 'hlch he says, affords re- laxation and stimulates the emotions, prefers _Dickens, Blll'!l-Lytwn. S T je Thomas A. Buckner was boru in 1865, e Bloomington, paren moved to escape the depredations of errilla_bands. Later, after a sojourn the family's ola home, Peris, Ky., they settled Independence, where “Tom™ it his boyhood days. In this little Western Missouri town, the boy, who was later to Lead a force of 15,000 agents and employes, created mnrnm.m:lee:m organiza wood-saw. u m.\n% necessity and demonstrating the same philosophy of life he preaches today, “that work will be drudge:y or plea according to how you g about it.’ Not content with being a good office boy and clerk, young Buckner decided |is to sell life insurance. After office hours he called on mem lnd acquaintances, only to be told tha all the insurance needed." TBO future in- ent was discouraged; no- body wanted any insurance. But he now learned a lesson that every youn‘ salesman who succeeds has to learn sooner or later. .An old agent went with him to see some of the men who bad turned him down and one of his “hardest” t! was quickly written for a good pol “This_experience,” sald Mr. Buckner “taught me that, when a saledman first hears ‘no, he should remember it may mean that he has failed to make his proposition clear.” A Made Brilllant Record. When he was 21 years old young Buckner made up his mind to starid on his own 1 of paid life insu small policies. ln those days—1886— produman of a .quarter-milifon was to half-million todsy and'Agent !uekner ‘Was soon as an unusual se m-uu-nt was his success in organ- izing and handling agencies that in 1892 he was appointed inspector of agencies, at Chicago, for the 12 great Central States, succeeding George W. Perkins, who had been elected a vice president of the company. Mr. Buckner was called to New York as superin- tendent of agencies at the age of 33, in 1898. In 1930 he was elected fourth vice president; in 1901, a director of the company; and, 1903, at the of 38, | vice president in full charge of the en- tire agency force of the company, which at that time operated in practically. every civilized country in the world. i PENNSYLVANIA RAIL SURPLUS INCREASED o) $11,500,000 Added During 1930, Despite Heavy Shilnkage in Business. Special Dispatch to The Star. PHILADELPHIA, March 11.—Despite the un) o( mon of the Pennsylvania Railroa Co mc year, the company earned & surplus of muly $11, mooo over and above fixed l.ndruervemnannd s , sinking tn 8 per cent dividend, according to EM' Ilwom' statement for 1930, made e wul surplus shown in l.he and-loss account on the 31, 1‘!0 0‘ Operating income of the Rnnalvn- nia Railroad !or 1930 showed. sul thl declines in both freight and pas- bustness, due to the world-wide depression. common with % ther i , the oted sharp re- ess, eompnnd with 1929, e o S e . g0 of effclency in g - p-.rt.menu of the ral rnuon. however, proved an lmpreu!vu factor in retaining a sizable surplus from the ":v“ business. net_income in 1920 equaled | 1 17.64 per cent on that year's capital fen?; | stock of $574,758,400, an increase in the Electric Power & Light ‘owns 584,680 lhuu of the 87 second pmlerred out § i Many :‘mmmm are " helng iven in’ both English and Siamese, INVESTMENT TRUSTS @ EW YORK, Mareh 11 (P)—Over- ll Am lflvnllr; Shrs A Am "Founders Am :;;g”&-v.. et Tnvest B ichange A stock. '.w 107, m-n capital stock of ‘17 179,150 in 1930, to- T with the marked falling off in combined to reduce the net in- come lnl year to 10.56 per cent of the uplulu:wck '1‘?11‘ ':u equivalent _to $5.38 per share o par idends psid the com) s 236, m stockholders totaled $53,030,987 for r, the largest dividend disburse- in Pennsylvania Railroad history. payments in l’!fi amounted $47,000,000, which in 1846 to more than $980,- the ny will this year llllt in divi- dend payments, the largest dividend record of any railroad in America. Huge Machine Installed. YOUNGSTOWN ‘Ohio, March 11°(#). —The Republic Steel Corporction has installed at its wlmn. Ohio, plant what is believed to be the largest auto- matic cleaning, phun( enameling and baking machine the worla for fin- hmn( eond\ut nlpe it was announced is capable of 0 feet of con- zed hndhnlvuum\mllrulm, the | 8 bullding taxes. Ny Ital A ?“rwmmh ly ‘are sbow- 2 OIMPLIFIED TRADE tion—a | mittees MARCH 11, 1931 FINANCIA STOCK AND BOND AVERAGES By the Associated Press. From Yesterday's 5:90 Edition. (Copyright. 1931, Standard Statistics Co.) REPORTS PLANNED : Stock Exchange and Accourst- c ants Seek New Form for Statements. BY DONALD C. BOLLES, , Associated Press Pinancial Writer. NEW YORK, March 11.—For the average investor who finds the finan- cial statement of “his company” as something to & puzsle,’ is t that some day it may be rol 3 the New York Stock txchann and the wizards with ’s represented by the American Institute of Certified Public Accountants. Conferences Planned. ‘Throughout the coming months com- their experlmce to bear on the prob- lem on which the stock exchange has been working for several years ®with |y considerable progress. Out of the study ex] to come a definite pro- posal of accounting practices for con- sideration and adoption by corporations. Big business has |nne a way in the past decade or ‘so in the stockholders, and o s certatn extent | the publie in general into its confi- . |io effect 1a; dence, but those behind the present uudy feel that greater mw&-flm n accounting practices can be effected um will assure both truth and clarity. It is understood that the stock ex- change which enlisted the aid of the C. P. A’s in the study has three oby Jectives in mind. One of these, and ihe one in which the public is prob- ably most interested, is to have a stand- ardized ystem of corporate accounting well informed| ‘Through moral llllllun rather filn by -official :dm. the exauue Ihose lpplyuu for listing, submit their books to an independent, audit. Room for Improvement,- ‘The trend toward independent audits has been marked in the last few years, but recent studies have shown mnlmzr able room for -inpronmmt I is standarized policy = with vmm trusts, and four out of every five com-. mhs listed on the stock exchange. rts of regulated are m Interstate ,and the policies of ‘com= panies are governed to a extent by the nquxunenu of sum in wmch a that w nr as lndepmdmt ludm are concerned they represent the greatest fleld for improvement. Because of the wide differences in corporate structures, and bnnlneu mb- Jems peculiar to certain on exchange has as a third cbkcuv. nnu- ing a scalpel that will reveal the truth or!;“t‘l::m‘e‘:? the thing sense that actuates the stock exchange in cham- ploning standarization lfld simplifica- tion in accounting practices is to in- crease public aonndenee in the corpora- tions whose securities are sold on the exchange. CHICAGO, March 11 (#) (United States Department of Agriculture). — , 19,000, including 3,500 direct; un- av.n Ikht Wweights, weak to vies, 25035 off; early uo-:fl:‘o o 5oaT 85 pigs, 78 .'Jo:flno k poun 2 X pack- 6. asu 60; t light, Tt welght. 180.300 pounds, 8.00a8.25; medium weight, 200-250 ds, 7.50a l2.'n heavy weight, 250-350 ponnds. aows, medium {:od. 215-56’0.‘mmdl. 6.3506.75; lhlllh lnd choice, 100-130 25 Jower; 8.25; bulk, dyly sold, but bulk of run still with -some sentiment sus wer prices; early top but heavies, 10.80; 11.00; bulk, 7.50a9.50; active market she stock, strong to 25 higher; !lnuthur cattle. and vealers: -Steers, and choice, 600-900 pounds, 8.75a 1.25; 900-1,100 pounds, 8.75a11.50; 1,100-1,300 pounds, 9.00a11.25; 1,300~ 00 9.00a11.50; common lnd pounds, 17.5089.75; dium, 5.7588.00; cows, good and choice, 5.00a6.50; common and medium, 4.00a 5.00; low cutter and cutter, 3.00a4.00; bulls .yearlings excluded), good and choice (beet), 4.3585.75; fllttnr d.lum, 31“ mllk fed) —GM and choice, 'IOMM. medlum. 6.00a7.00; cull and unt 7.%. 7.00. medium, 5. Receipts, 10,000 head; fat lambs strong to a shade higher; other classes about steady; few choice medium weight lambs early 9.25a9.40 to out- siders; bidding 9.00 down; lambs, pounds down, good and choice, 8.75a9.40; medium, 7.7588.75; ~100 pounds, medium to choice, 7.50a 5; all weights, common, 6.25a7.75; ewes, W-lw pounds, medium to choice, R T e good and choice, 7.6548.25. Blnkmptciel Analyzed. By the Associated Press. About 78 per cent of the bankrupt- cles in the United States each year are persons engaged in other than mercan- :‘l: pnrlulu the Department of Jus- A ubu]mnn for 1930 ‘by classes re- vealed that 50 bankruptcies per cent of were laborers, 8 per cent farmers and 20 per cent professional men, while ents aecounted il L U:S. IS LARGEST MARKET ) # WHOLESALE PRICES, ;- SLIGHTLY HIGHER Weekly Index Advances hp ond Time This Year—8i¥ Groups Unchanged. ‘M ‘The- weekly wholesale price index of the National Fertilizer Assochaition, comprized of 476 commodity prices, showed an advance of one fractional point during the week ended March. 7. Only during one other week of the was the only that "The.joss in the ;.'.’,"‘,,‘mw o 1o reductions in FOR MACHINERY TRADE |2 By the Associsted Press. Annual world consumption of ma- chinery now reaches a total value of 5% billion doliars s: /» the Com- ‘The mcwmmh.- est market for this trade, accounting for $2,500,000,000, which means lol‘ while fgu: for Indu is only 17 cents nl that for Chlll oents. ‘machinery industry f.hmulhmn the world affords employment to half .million men each in the United Stetes, Great Britain and Ofllll? to sbout a quarter million apan. UTILITY EXECUTIVES WATCH POWER DEAL New York Edison and Niagara Hudson Agreement Interests Industrial Leaders. —_— Special Dispateh t0 The Star. Family Income Plan THERE 1S NO SUBSTITUTE" Roger M. Stuart Cn—chcut Mnhnl Life lnx Co; MAXIMUM SECURITY _. (mets Over sttaig o) PLUS « HIGHEST RATE OF INCOME AGE 65 . Secured by * LEAF TOBACCO EXPORTS TO CHINA SHOW GAIN s ‘l-llll of minimum quantities product, uys“ & radiogram to the De- CHICAGO LIVE STOCK MARKET 1% o 240-340 | el First Mortggges Safe—C onservative w:t-h :ubstg leading pr plmu—asuts present price of about 113. Stock dividend, when sold, to yield-an annual return of 10%, - Write o eall I-'umumn‘ l!t'li'lfll' a‘ | Washington Bldg. Met. 27212 Recognized as GI'IC-EJ;'&L hwalm Guaranty First Mortgage Notes Herejs. M Real Estate Mortgage Guaranty Corporation’: 1610 K St. NW. National 1403 Sist YEAR Oflm ' Organised 13" e JOHN JOY EDSON, hfld.f WALTER §. PEATT, Jr. l-ll‘-' 4 -—-———-—“—d—g See Us If You Desire a Loan on Real Estate .. or to Take Up First Mortgage YE7E have morey availible if ‘'you desire to pufchase a home, refinance your present indebtedness or im- prive your property. courteous. attention. Applications receive prompt and Loans Repayablée Monthly No Brokerage . .. No. Commissions 5 F St. N.W.