Evening Star Newspaper, April 8, 1931, Page 13

FINANCIAL BANKERS PLANNING SESSION APRIL 29 Annual Spring Gathering Will Take Place at Columbia Country Club. ~Frev. 1930~ High. Low. 102 23 Note—All stocks are sold In one hundred-share lots excepting those designated by the letter s (80s) (2508), which shows those stocks were sold in odd lots. Individual sales compiled te noon—complete in 5:30 Edition. —~Prev 1931~ Stock ana Bates— oy | High. Low Dividend Rate. Add 00. High. Low. Close. Close. 14% 8% Abitibl Pow & Paper 2 8% S% 8% 9 39 AbitIbi P&PDf(6). 4 38 3R4 40 16% Adams Exp (1.60) 4 19% 8315 Adams Exp pf (5) 4 2214 Adams Millis (2).. 21 Addressozr Co 1.40. 5% Adv Rumley (new). % Ahumada Lead..... BY EDWARD C. STONE. 87% Air Reduction (+414) Plans are going forward rapidly for § Air Way Elec Appl.. ) nnenn the annual Spring meeting of the Dis- 6% :‘;;‘;:.a"::; ;,:‘,.':) trict Bankers’ Association, which takes 2% 7% Alleg COrp......... place at the Columbia Country Club on | 182% 1321 Allled Ch & Dve (nf) Wednesday, April 122 Allied Ch & D of (7). 29, President La- 327 Allis Chalmers (3).. fler P. McLach- 3 17'5 Amerada Corp (2) len annonnced to- 62% 547 Am Bank Note (43), day. It is expect- 88 %2 Am BrShoe (240).. ed that fully 200 €3 45% AmBrBEpf (7)... bankers will be 29% 1064 Am Can (+5) 150% 145 present, lh»f",‘f?ffi? 88% 27 AmCar& Fdry (3).. :11.8"’12 1;: Treasury 43% 29 AmChain2). . 45% 384 Am Chicle (3). B:Emm‘ oifs 141 R4 Am Comel Alenh 19 Am European Secur. The cnmmuu;:. 26% Am & For Power.... consisting of C. e 74 Am & For Pw pf (8). Pope, vice presi- “85% Am & For Pw pf (7). dent of the Mun- 65 Am & For Pow 24 of. 1015 Am Hide & Leath pf. 7% Am Home Pr (4.20). of% Am 'ce (%) AmTcent (6).... Am International. oo 148 122% Am Can pf (7) b a1 chairman® rence A. Slaughter, vice president of the Commercial { National Bank, and T. Stanley Holland, Am La Fr & Foam pf 100 trust officer of the American Security KA LGSy, & Trust Co. has a fine program well 1% A ATt DL under way. In addition to other fea- tures being arranged to follow the ‘din- ner, an outline of the plans for the annual convention to be held in June; at Hot Springs, Va., will be presented | by F. P. H. Siddons, chairman of the General Committce. Details of the country club program are not quite complete. It will be re- called that two brilliant speeches were made last year, one by Scnator Pat Harrison ard the other by Attorney Carter B. Keene. It is possible that only one speaker will be on the program this year, an entertainer taking the place ‘of the second one. Plans Include Golf Contest. The usual golf tourrament will take place during the afternoon for the Robert V. Fleming Cup, the winner to hold the cup in his possession during the coming year. The golfer turning in the poorest score will also be re- warded for going around the course but 4t is doubtful if he gets a cup. The attendance at the Spring meet- ing has grown steadily ever since such an affair started during the adming istration of Victor B. Devber. Chair- man Pope said today that he doubted 3f Mr. Deyber had ever been given suf- ficient credit for inaugurating such a ccessful plan. N hen M. Deyber was president of the association he felt that some way of establishing personal contacts b tween bankers, who are constantly in telephone communication, should be established. Much closer personal friendships have resulted. Bankers who cannot attend the out-of-town conven- tion find this meeting unusuaily oppor- tune for establishing and renewing wvalued contacts. There are always sev- eral distinguished guests present and on account of the limited space at the club the reservations have to be con- fined largely to senior bank officials. Booker New Exchange Secretary. Y. E. Booker has assumed his new duties as secretary of the Washington Stock Exchange, following his election at a recent special meeiing called on sccount of the passing of George O. Walson. At that meeting C. J. Gock- eler, who had been secretary for seven ears, was elected vice &;‘e&ldenc and {(n Booker elected to the secre- taryship. Mr. Booker has been active in the i Jocal financial district for many years. 4 He is a native of Amelia County, Va., 4% :l !:r’lel:-:m‘ R'l‘r,z)fl). and came to Washington in 1908, He, 20 24 Blaw-Knox (1%) D e i) 96 Bloomingdale pf (1) 508 financial editor of the Washington| 95 90 Bloominadalept(1)- 508 22 Times and later served the Washington| et g™ poR OIS G0 1% 1 G Post in the same capacity. =He lelt the| 750 67, BordenCo (k8)..... 13 78% Dewspaper profession in 1921 t0 enter| goe, 20 Bors Warner cid..0 12 20% A Bt et Wi 228 16 Lirizes Mfe (11%).. 27 20% Por four years he was & partner in| "5 “2" prockway MotTrk.. 1 3% Crane, Parris & Co., retiring from that| »6™ 14 Brockway Mot pf. 205 8% firm in July, 1926 to head an invesiment | £gy. ggy Bkiyn-Man Tr (4)... 6 67% house of his own, with Geoge Hewitt| gyl gga Bkiyn Man Trpf (6) 2 9% Myers as partner. Later, in 1920, Harry| Jasw g Biivn & Queens. Py W. Pinney and T. Baker Robinson Were| 159 103 Bkiyn Union Gas (5) 1 114% 114% taken into the firm as partners. 91 B4 BrunsTer & Ry 8. 3 g vig Mr. Booker has already served the| ogse 141 Bucyrus (1)... e Stock Exchange as a member of the 25 Bucyrusevpf (2%). 4 29% 29% Board of Governors, He is a director in| 113% 111% Bucyrus pf (1). 208 113 113 the D, C. Paper Co., has other bus.ness 5% 4 Budd (EG) Mfg.. 1 4% 4w affiliations, and is a member of the In-| 13 9 Budd Wheel (1). 2 104 104 vestment ~Bankers' Association Of| 23 11% Bullard Co. el 5% 11% Bulova Wat T e 51 America. 13% 15% Burns Bros (A)..... 3 17 15% SRSy Rnia: Drey T00/000,000. 85 22 BurnsBroscum pf.. 108 40 40 Federal Reserve Board’s condition| 321, 21'5 Burroughs A Mt1%. 6 28 27% statement of weekly reporting member| 104 1004 Bush Term deb (7).. 10s 102 102% banks in leading cities on April 1 shows| 113 109 Bush T Bldg pf (7).. 20s 110 110 decreases for the week of $73,000000| 2 114 Butte Copper& Zinc. 1 1% * 1% in loans and investments, $63000000| 13 1 Butte& Superior.... 1 1a 1% in Government deposits and $6.000.000| 20% 12% Butterick Co .2 45y g borrowings from Federal Reserve| 6o 37% Byers (A M).... 31 49% nk, and increases of $58.000000 in| g g . 3 net demand deposits and $30,000,000 in| G San Calumerd Arvens.. 4 so% time deposits. 11% 8 Calumet & Hecla Loans on securities declined $62.000.- | 401, 29% Canada Dry G A ¢ 000 at reporting member banks in the | 4ss 3815 Can Pacific (214). ... New York disiric., $12000,000 in the | 25 17% Cannon Mills (1.60). Chicago district, $6,000,000 in the Ph. 16 91 Capital Admin A delphia district and $80,000.000 at all| 1311, 81% Case (J 1) (8). reporting banks, 2nd increased $10,000,- | 5214 26% Caterpillar Trac (14) 000 in the Cleveland district { g 4 Celotex C “All other” loans increased $10,000,000 | 2214 Celotex Co pf. in the Chicago district, $5,000,000 each | 19', Cent Azuirre As in the Boston and Philadelphia d stricts | 2% Century Rib Mills and $29,000,000 at all reporting bank: 59 Cent R Mills nf (T) and declined $8,000,000 in the New York | 0 de Pasco(1.50) district, % Certain-teed Pred. .. = S 4 12 Checker Cab Mfx Assistant Secretary Elected. L e R O J. Clarence Welch was elected assistant | g4t 40 Chesapeake Cord secretary of the Corcoran Fire Ins Chi Great Western ance Co. at the annual meeting of stock- | « Chi Greut Went pf. holders Monday. H- succeeds james H. | Pugh, who has resigned to enter the | practice of law i All other officers and directors were | re-clected as follows: Prank McClel- | land, president: Robert D. Weave president; F. H. Ridgway, secretary Albert T. Coumbe, Watson F. Clark, B. Lowndes Jackson, Charles E_ March Willilam L. Miller, Walter S. Prat, jr., F. H Ridgway, Rcbert D. Weaver, | ¥. E. Booker. 414 Am Mach & Met ct 16% Am Metal Co. a 17 Am Na' Gaspf (T).. 45 Am Pow & Lt (£1) 917% Am Pow & Lt nf (6). 15 Am Rad & 81 Son (1) 14 17% s A8 F1% Am Safety Ragor (5) 3 57% 6% Am Seating o' -1 T % Am Ship & Com. .. 2 40 Am Sm & Ref (4). 12 46% 102% 9314 AmSm&R2dpf (6) 2 100 13814 120 Am Sm & Refpf (7). 1 1361 4% 2% Am Solv& Chem.... 2 2% 11% 54 AmSolv&Chempf.. 2 54 81% 245 Am Steel Fdy (3). 6 2 113 110 Am Steel Fay pf (7). 108 111% 60 423 Am Sugar Ref (5)... 2 53% 714 Am Sumatra Tob. 2 V8 42% 37 Am Snuff (+3%).... 1 109% 105 Am Snuff pf (6)..... 508 1081 201% 176% Am Tel & Tel (9).... 18 1898, 121 104 Am Tohacco (16).... 16 119% 1241 104% Am Tebacco B (16).. 42 123 129 124% Am Tobacco pf (6).. 2 128% 80% 5%% Am Water Wks (3).. 20 61% 107 101% Am Wat W 1st pf (6) 5 10415 11% 6% Am Woolen . 2 9 39% 21 Am Woolen pf. B 36% 8% 4% Am Zinc Lead & Sm. 2 43% 29% Anaconda Cop (1%). 50 19% 13% Andes Copper 2 10 Archer Danie! ‘49 Armour of Del pf (7) 214 Armour of N1 A..... 1% Armour of Il B. 23'4 Armonr of 11 pf. 2% Arnold Constable. 18% Art Met Const (1 60) 28% 10 Asso Apparel (12)... 29% 22 Asso Dry G (2%) 97 85 AssoDGlstnf (6).. 203% 178% Atch To & S Fe (10), 120 97 Atl Coast Line (+10) 53% 4T% AIGUIf& WIpDL(5) 6 474 23% . 17% Atlantic Refining (1) 10 19 9% 97 Atlas Powder pf (8). 208 974 274 101% Auburn Auto «f4). . 128 281% 24% 21 Austin Nich pr A (3) 108 224 2% 1 Autosale: 2 1% 64 3 Aviation Corp: 4 an 27% 20% BaldwinLoco (1%). 4 24% 1041 8815 Raldwin Loco pf (7). T0s 98 877 681 Balto & Ohto (5). 7°.78: 107 102 Bamberger pf (615).100s 102% €6% 5614 Bang& Arnos (3%). 1 58 14% 10% Barnsdall (A) (1)... 8 90 87% Bayuk Cig 1st pf (7) 20» 81 65 ' Beatrice Cream (4). 13 76% 4 2 Belding-Hemingway 25% 16% Bendix Aviation (1). 7 3 25% 3 95 16 182 1 100 47 364 9ia Chi Mil 23 Chi & Northwest (4) 23% Chi Pneu Tool pf.... % Chi R I & Pacific (5). 1& Pt 6) i City lee & F of (615 Cluett-Peabdy pf (7)100s 100 te-Pul Pi2%). 6 47 ‘olz-Palm P of (6).. ‘ollins & Al Frank McClelland, directors, 1% $11.77 a shar Bliy Sales e 5 for the s- 1 ive totaling $1.065.806,835, a b Carbon (5).. ‘omel Credit A 14) N ib 514 Comel Cred Ist (814) 90s 85 & 2 25 Comim Inw Trust 12) 2845 2T% 114,005, On each doliar of 82 Comel I T ev pf (¢6) ¥R profit of 283 cents was realized 15% Comm Solvents (1) 16% 1643 best showing since 1924 when the mar- K Cmwith & Sou (60c) 9% Yly §in was 3.13 cents on th: doliar. 1% Cmwith & Sou pf (6) 99N 9914 3 6 Congolenm-Nairn. 1w 11 Lively Trndln.[ on Exchange. 77 Consolidated Film... 8 % Washingion Raliway & Electric pre- 15% Consol Film pt 1%) 2 174 16% fered commanded consis 82 Conanl Gus N Y «4). 94 100% 95% tion in a i £ 101% Con Gasof NV ofeh) 2 103% 104% Washingion 14 Consol Laundries (1) 14% 14 sold at 03’ Yo Consol Tesiile : 1% reached 185 r 5 Contalner Corp (A). and another of 79 rharcs being ir 1% Container B 4 in the transactions. 17 Cont Baking A Capital Traction opened 2t 341, 2% Contl Baking B cloced at 34 flat on a turnover <f on 5% Cont) Baking pf (8). 30 shares. Potomac Ecctric Powcr 51) | 47 Contl Cam 2%y ..., per cent preferred came out at 110', 41 Contl Insor (2 40).,.. Peoples Drug Stores preferred opened 2/4 Contl Metors. at 103 and ciosed at 1021, on a 48- % Contl Ol of Del. share transfer. One hundred shares 7' Cont Shares. .. of Real Eitate Mortgage & Investment 76y Corn Pro preferred sold at 47. g | Bl Cotv . Cerpel Corporation was active, cpen- 1474 Crex Carpet. F; ing at 23!, and closing at 237;, during Bl Crown C&F pf (270 the session 125 rhares changed hands, Crown 7 ‘Ten shares of Union Trust Co. stock Crueible 2 moved at 278, Federal-American Co. Crucible Steel pt 47) common ceme out at 23',, and 10 Cuban-Amer Sugar shares of Norfolk & Washingion Steam- Cuban Am Sug bost Co. eold at 18¢. 10 4% 49%, 10045 2% Curtiss Wright Corp 3% Curtiss Wr Corp A.. 13% Davison Chemical 5 Gen Cable A. STAR, WASHINGTON, D. C NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Stock and Dividend Rate. Del Lacka & Wn (4). Diamond Match Dome Mines (1) Domn Stores (1. Drug Corp (4) Dunhill Internat. . Dupont de Nem (4) Tastman Kodak (18) 741 ton Axle (1 60) 2 Flec Auto Lite (6).. 2 Elec Boat.......... Klec Pwr & Lt (1). Blec Pow & Lt pf () Flec Pow & Lt pf (7) Elec Stor Bat (5) Fmerson Brant A. ... Ea Office Bldg (2%). arie RR. Saies— reka Vae Cleaner. ans Auto Products Exchange Buf (13). Fairbnks Morse 1 60. Fairbanks M pf (7). Faghion Park Asso.. Fed Lt & Tr ($134).. Fed Wat Sv A (2.40). Firest T & Rpf (6).. First Nat Strs (2%). Fisk Rubber. Pisk Rubher 18t nf. Foster Wheeler (2) Foundation Co. Fourth Nat Invest.. Fox Film A (4)... .. ank Simon pf (7). coport-Texas (3) Fuller Co 24 pf 16.77. Gabriel CoA... Gamewell Co (5). Gardner Motor. Gen Am Tank Car(4) Gen Asnhalt (3) General Baking Co. Gen Bronze...... Gen Cable pf (7). Gen Elee (1.60).. : Gen Flec snec (60¢) . Gen Focd Corp (3).. El A (e20c). : 2] ev nf (6) n Mills pf (6).... n Motors (3).. Gen Motors pf (5). Gen Outdoor Adv. Gen Pub Sv b6 % stk. Gen Ry Siznal (5). jen Realty & UtN Gen R & Ut pf (e6). en Refractories (4) Gen Theater Equip. . Gillette Saf Ragor.. Gillette Saf R pf (5) Gimbel Bros Glidden Co Gobel (Adolf) Gold Dust (2%),. Gold Dust pf (6). Goodrich (RF) .. year Tire&R(3) Goodyear 1st nf (7). Gotham Silk Hosfery Gotham pf xw (7). Graham-Paige Granby Consol (2).., Grand Si] Strs (h1) Grand Unlon Granite City Grant (W T) (1), Grt North pf (5). Nor Ore (2) Grt Western Snzar. Grt West Sug of (7). Grigsby Grunow. Guantanamo Sugar. Gulf States Steel. Hacken Wat pf A Hahn Dept Stores Ham Watch (+1.95), Hamilton W pf (6) Harb Walk Ref (2).. Hayes Bodv s o g on weaE R 2 s rors s3 a . Hercules Mot (1.20). Hercules Pow pt (7) Hershey Choc (5)... Hersh Choc pf (15) Hollander Sons. .. .. Houdaille Hershey. . Household Fin pf (4) Fouston Ofl. P Honston Ofl (new).. Howe Sound (3) Hudson Motor (1) Hupp Motors Illinots Central (7)., Indian Motor Cycl Indian Refining. Indust Ravon (4) Tneersoll Rand (1 Inland Steel (4).. Insniration Copper. Insuranshar Del 40c. Insur Shrs ¥Md(40c). Interb Rap Transit. . Interboro RT c 0.d.. Interiake Iron (60c). nt Bus Mach (n6) .. Int Carriers (3735¢). Int Cement (4)...... Int Combustion. . Int Harvester (23%). Int Harvester pf (7) Int Hydro El A (e2) Int Match of (4). Int Merc Marine (2). Int Nickel (60¢c). ... Int Paper & Pow A.. fnt Pap & P nf (7). Tnt Paper & Pow C.. Int Paper of (7)... rint Ink nf (6). tvs Cent Amer. Silver pf (7) Int Tel & Tel (2). Intér Dept Strs (2)., Intertype Corp (2).. Investors Equity.. Island Cr Coal (4. Jewel Tea (4)..... Tahns-Manville (3). Jdoliet & Chicazo (7). Jones & La Jordan or Car. P& 1t pf B (6) 1308 Kelly-Spring Tire Kelsey Haves (2) elvinator Corp <endal! Co pf (§ KKennecott Cop (2).. Kolster Radio. . Zolster Radio ctfs. . famhert Co ($)..... Lee Rubber & Tire. . Leh Port Cmt (11, Leh Port Cmt pf (7). lev Coal. .. Leh Val Coal nf (3). Leh Valley (2%).. Lehman Corp (3) Lehn & Fink (3). Lib Ow Ford Glass. Live & Myers B ( ank Belt (2.40) Liquid Carbonic new's Ine (3) Lacw's Ine pf (6% foft Ine i Loose-Wiles (12.80). ard T Co ard (P) pf (7). rory B (2)...... Melntyre Pore M (1) McKeespt Tin P(15). McKesson & Rob (1) McKes& Rob pf(3%) Mack Trucks (3) Macy (R H)&Co(n3). 4 Sa Garden (60¢) per (2). . 1:Nison & Co ... Su-ar of. n mod g (d5) Manhat Shirt (1) Marine Mid 120 Marmon Motor Car. Marshall Fleld (2%) Mathiexon Alkali (2) May Dept Strs (21) Maytag Copf 43)... Melville Shoe (2) .. Met-Guld of (1.89).. Mexican Seaboard. .. Mid Continent Petm. Midland Siee A Missouri Pac vf (5). Montzomery Ward., . Mother Lode 4. Motor Meter G & £1. Motor Products (2) . Motor Wheel 1%). Low. 75 19% 117% 9015 4% 30 3 261a 100 36% 5% 15 17 a7y 98 101% 1024 187 22 19% 9% 69% 162% 16315 10 10 42 42y 2% R EOM 501 141% 141% 27 £5% 12%4 174 81y 6% 19% % 11 10% 7 29% 241y 4 8414 22 iST[]BKS IRREGULAR Close. Close. 5% 19 73 23 73% 8 92% 157% 18% 61% 11 21 8 2914 244 | that the effect on the stock would be : the market. | The demand for this NESDAY, AFTER EARLY GAIN Market Trend Uncertain, With Mixture of Advances and Declines. BY GEORGE T. HUGHES. Special _4spatch to The Star. NEW YORK, April 8.—Attempts to rally the stock market today were in evidence at intervals throughout the on but they met with indifferent | success. A few groups and & few | stocks improved but others were still | under pressure and the list presented a ragged appearance. 2 The street was dicappointed in the | weelly car loading statement, which | howed a decrease from the week be- | fore. whereas, seasonally, an increase | would have been normal. Rail Stocks Sag. Railroad ks sagged in the early trading, special weakness appearing in the higher priced issues. Before noon Union Pa and New York Central were at new lows for the year and Atchison was not far above its previ- | cus low. Selling of such high-grade investment stoc these brought of- | ferings into others of the group, in-| cluding Missouri Pacific preferred, St. Louis-San Francisco and Northern Pa- ific. All of them lost ground but | without much increase in activity. | While there was no official informa- tion as to the terms of the Fox Film financing, the market seemed to think uniavorable, perhaps affecting the divi- | dend. Fox so'd off 3 or 4 points, with W ness in General Theaters Equip- ment Eastman Kodak rallied on the favorable annual report, but failed to hold the gain. Although Eastman’s earnings were' equivalent to $8.84 a hare, the margin over dividend require- ments was not large and the price was | considered a liberal appraisal of earning owe PG pecial weakness showed itself in | Texas Gulf Sulphur. Merchandising stocks were heavy, including Macy and | ‘Woolworth. Directors of Woolworth de- clared the regular dividend, although there had boen some expectations of an increase in the rate. | APRIL 8, 1931 at the opening, but later went to a nu] gain. Union Pacific was also at a new 1931 low at one time. General Motors was unchanged. Nash sagged. Electric Auto Lite gained over a point. Utilities were generally higher, including Con- solidated Gas, International Telephone and Public Service of New Jersey. Oils were a shade better. ‘The United States led all other coun- tries last year in the purchase of British flax and hemp yarns. First Mortgage Loans Lowest Rates of Interest and Commission Thom: Money on Hand to Loan on First Deed of Trust 6% Interest Reasonable Commission and Prompt Replies to Applications JAMES F. SHEA 643 Louisiana Ave. N.W. The COMMERCIAL NATIONAL BANK 14th and G Streets Banking in All of Its Phases REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD Applications _invited on high-elass apartments and dwellings, and_particu- larly on well loeated husiness properties, 10 years, if <o desire for or 1520 K St. N.\W. National 0475 ~ Money to Loan cured by first deed of trust on real estate. Prevailing_interest commiss Joseph I. Weller g0 wash. Test Your Investments Subject your investments to the acid test of safety as well as a Upturn in Auburn, ‘Against these declines was another | violent upturn in Auburn Auto, amount- ing to almost 2 putting the stock to a new 1931 top. The pyrot | nics in this closely held, easily manipu- | ated stock were no help to the rest of | However, motor stocks did | better than other industrials. | The weekly reviews of the iron and | steel trade gave some encouragement 10 buying of motor shares and were not pessimistic as to the steel trade itself. United States Steel recovered a point or two from Tuesday’s low and there was some covering in Bethlehem Steel. | The utilities were alternatel strong and weak and the oils did little one way or the other. Money renewed at 1!2 per cent and was in good supply at that | rate, Early Gains, dvanced early today under m shorts and the declaration of regular dividends by basic_industrial units, such as Bordens and Continental | Can. | Otherwise the news was far from un- favorable, with ohly a slight decline in car loadings, cuts in crude oil output and gasoline stocks, increased chain tore sales, large building operations and reviews showing further expansion in _the iron and steel industr United States Steel at 136% was up a shade, and this trend was followed by othor leaders such as American Can, Bethlehem Steel and General Electric, The feature was the gain of 17 points in Auburn to a new top for the year. with virtually no offerings. Leading industrials point or more, zmong them being Air Reduction, Allied Chemical, American Can, J. I. Case, Lowes, Westinghouse, Johns Manville and Worthington Pum, Expoctations of extra dividend by Woolworth stockholders were pointed with the announcement that the regular payment would be made. | The stock was fractionally highes under its opening high. | Mine shares were quiet, with Ana- conda up a shade. In the rails, New York Central tou v 193 v Real Estate Loans 5Y%2% have ple . Real Estate in gomery County tock was heavy, | | made gains of disap- | funds for loa: reasonable return. First Mortgage Real Estate Notes —when properly selected stand this test, Those we are now offering are available in denominations of $100.00 and upward and yield 6. HANNON: & LUCH i 1435 K Street D. C. Property Loans at 6% No Renewals Our Loan Plan eliminates the usual cost of commiseions. Members are not required to make renewals on their loans. two features are of | advantace to prospec- tive home owners. and those considering re-financing prop- | erty. Let us explain in detail. Open Daily 9 to § Saturdays Until Noon NAtional 1381 BUILDING ASSOCIATION 949 NINTH ST., NW. TREASURY| UNDER SUPERVISION OF U.S. nty of available on improved J. Fisher & Company, lnc.!| nearby Mont- , Md., and the District of Columbia for periods of 3, 5 or 10 ye: 1 Prompt de- cisions given applications. BOSS and PHELPS Realtors FOUNDED 1907 Loan Correspondent John Hancock Mutual Life Insurance Co. ¥FIR ST isn't speculative borrowing. On the contrary integrity of purpose as well as realty That's one of the reasons why er a Third of a Century Without a Loss our 6% May be purchased in amounts from $250 up. SAUL CO. B oK, National 2100 THERE offer such safe investment. 1417 K St......National 9300 MIO*R:T 6 AYGIE"S THE HOME MORTGAGE it has back of it value. FIRST MORTGAGES 925 15th St. N.W. IS NO SUBSTITUTE FOR SAFETY FINANCIAL | Columhia Building Association 716 11th St. N.W. ¥ Under Government Supervision Pays 5 % Compounded Semi-Annually Let Us Refinance Your Maturing Loan No Commissions Charged 22 Years’ Successful Business Without the Loss of a Dime First Trust Loans Are a Feature of Our Business Don't hesitate to apply for a loan, You are not asking a favor. It's our business and we'll give your request every consideration—and ug{)n approval the funds are immediately avail- able, business, apartment house, office build- 5 1/2 ;0 ing—for 3,5 and 10 year periods—and at RANDALL H. HAGNER & COMPANY MORTGAGE Wn CORRE SPONDENT 1321 Connecticut Ave. Decatur 3600 2 E ] filmmmummnmmlnnmnmlnnmummuulmumumumflmmnumu I o= Loans are made not only on District of Columbia property, but in nearby Maryland and Virginia — residential, quitable o-perive Blg. Ass'n 1 Organized 1879 51st YEAR COMPLETED | | S ey JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary | Subscription for the 100th Issue of Stock Being Received b D You Dt oiiel —on Real Estate or to Take Up First Mortgage? THOSE desiring money to purchase a home, re- finance present indebtedness or improve property should consult us. Applications will receive prompt and courteous attention. Loans Repayable Monthly No Brokerage . . . No Commissions 915 F ST. N.W. T with the present plan you have - for flnancind your home? If not, we suggest that you consider the many advantagel of the Metropolitan Life Insur- ance Company Real Estate Loan Plan. Loans are made for— —Fifteen Years —At Low Interest Rates —On Reasonable Terms Construction Loans in Any Amount EAVER BR REALTORS Washington Building Mortgage Loan Correspondent Meiropolitan Life Insurance Company Loans made in the District of Columbia and nearby Maryland and Virginia District 9486 A PRACTICAL floor plan, ar- ranged for modern business needs — light, efficiently planned suites in small or large units, at reasonable rentals that will prove the economy of tenancy in one of Washington’s most desirable office buildings. . .four high-speed eleva. tors...service and facilities char- acterizing the highest standards of building management. We invite your inspection of the few remaining suites. “H."® Rust Company 001 15'& St. N.W. ey K at Fourteenth