Evening Star Newspaper, April 15, 1931, Page 13

- Joseph Schiavone, , anticipation of the campaign the inte- FINANCIAL. NEW YORK STOCK EXCHANGE Received By Private Wire Direet to The Star Office. BOULDIS RENAMED | ASBANK PRESIDENT Other Officers and Directors Retained by Washington Mechanics’. BY EDWARD C. STONE. All officers and directors of Wash- ington Mechanics Savings Bank were re-elected At the annual meeting of stockholders yesterday. They are: Ezra Gould, president; Clarence F. Bur- ton, vice president and cashier; Dr. Edward F. Pick- ford, A. 8. Offut: vice presidents. Mrs. M. H. Buck- ingham, secreta Lloyd W. Davis, Joseph M. McCar- thy, W. B. Mehler, B. M. Grant, as- sistant cashiers. Directors arel ‘Walter K. Bach- rach, Clarence F. Burton, Ezra Gould, George Hayes, L. Hoyt Ras Genld. Lamb, Jesse B. K. Lee, Edward F. Pickford, C. Pyles, Edwin E. Roberts, E. Hume Talbert, F. P. Willlams, John P, F. White, E. 8. Wolfe, Guy Mason, A. S. Offutt, Robért E. Lynch. ‘The Washington Mechanics Savings Bank now maintains four offices. the past year being notable because of the opening of the new building at 3401 Connecticut avenue near the foot of Newark street. ‘The other offices are located at Eighth and G streets south- east, East Capitol and Ninth streets and at 3608 Georgla avenue. Building Association Elects. Officers and directors elected ai the annual meeting of the Citizens' Equi ble Building Association of George town, heid at the office, 1237 Wisconsin avenue northwest, follow: President, Thomas J. Stanton: vice president, Isaac B. Nordlinger: secre- tary, Harold W. Burnside; treasurer, Harry L. Selby; assistant secretary, Mrs. Irene B. Arendes. Directors include: Isaac Birch, J. M. Burns, Patrick F. Carr, John Hadley Doyle, J. Leo Kolb, R. E. Layton, R. E. Mayfield and George A. Scheele. Local Bank Resources Soar. Resources of the 39 banks of Wash-| ington on March 25, date set by the last call for statements of condition issued ! by Controller of the Currency John W. Pole, were $341.557,000, an_abstract of Teports compiled by his office reveals. Resources as of this day when deposits ‘were the.largest in the history of the city, were $12,840,000 ahead of those 0!. December 3|, previous call date, and | $23,865,000 in advance of those of 40| banks on the call date of March 27, 1930. Resources of the 12 national banks of the city were $190,689,000; of the 22 savings banks, $47.673.000, and ‘of the five trust companies, $103,195,000. Bank Plans Expansion. 2 president of the International Exchange Bank, at Fifth | and H streets northwest, announced today that he plans to put on a drive starting May 1 to increase the bank’s ts above the $1,000,000 mark. In rior of the bank has been remodeled and redecorated and considerably more space provided for the addition of new departments, and for those which have ‘been _lon| in operation. ' President Schiavone also plans to increase the personnel. 7 The International ~Exchange Bank | ‘was founded by Mr. Schiavone in 1921. During the first five years he got de- posits mp to the million mark and then resigned to take up other busipess. He has recently taken the helm again and is very enthusiastic over the outlook. While he counts a good deal on the bank’s foreign connections, yet he says he- bases most of his expectations for| expansion on the development of busi- ness in the District of Columbia. Pernando Cunniberti, chairman o} the board, today added his indorsement | to the present program. “In the first month after Mr. Schiavone’s return to the bank,” he said, “we gained more new accounts than we had for any pre- vious two months during the past year. ‘While the new business campaign is not due to get fully under way until May 1 we are feeling the results of Mr. Bchiavone's work.” Business Here Appears Better. Comparisons of business being done by the Chesapeake & Potomac telephone companies with the Bell system as a whole indicate that the territory is mak- ing better progress during the depres- sion than are most other sections of the country. President Gifford, in his Teport yes- terday, announced a net loss of 38,000 | telephones in the first quarter. In the same period the Chesapeake & Potomac | companies, which operate in Washing- | ton. Maryland, Virginia and West Vir- ginia, reported a gain of 7,124 tele- phones. of which 2,449 were in this city. President Gifford reported that for the system as a whole there was a gain in March of 2,500 teléphones, In the territory covered by the four Chesapeake & Potomac telephone companies there was a gain in March of 3064 phones. 841 of which were in Washington. While the number of new telephones may not be much of a barometer of business, vet the above figures are de- cidedly interesting, to say the least Today's Trading on Exchange. Capital Traction bonds and stock | again drew considerable attention cn | the Washington Stock Exchange todax The markst opened with three $1,000 | Capital Traction 5s changing hands at 7704 | The first three sales in the stock in- volved 110 shares at 32';. Later another smal lot sold at the same pr other $1,000 bond moved. at 77's. The | way the quotations held up today indi- | cated more interest in the buying tha the selling side of the market i Ten shares of Union Trust stock sold | at 210. Lanston came ou* at 105, Mer- genthaler closed at 807 and Carpel Corporation sold at 247, National M gage & Investment preferred s~1d at 47 Washington Gas Light stock appeared on the boerd for the first time in some weeks, 40 shares relling at 124, Salese were a'so recorded in Washington Gas bonds at recent levels Joins Investment Firm. Donald Chlidress is now associated with James M_Johnsion & Co. For the | last two rs he has been connected with the Utflity Securities Corporation Before entereing the investment bank- ing business Mr. Childress attended Central High Scnool here and Norih Carolina State College, at Raleigh, N. C.. and was a prominent athlete at both piaces Re vers of the Seaboard Alr Line have asked Interstate merce Commission authority to | and sell $4.500,000 5 per cent receivers' certificates at 98% plus interest to Dil- Jon, Read & Co. and Ladenburg Thal- mann & Co. of New York to partially provide ‘for the benkrupt road's cash requirements this year | The application stated the road will need $8,092217 for its cash require- ments this year, including $2.500,000 for | additions and betterments to property. | $2.342,217 to provide for equipment trust i maturities and $2,250,000 to take care of | unpaid 1930 taxes on its properties, PARIS BOURSE PRICES. PARIS, April 15 (#).—A heavy tone prevailed on the Bourse t-day. ‘Three cent renfes, 89 francs 50 centimes. ::! per cent loan, 104 francs. Excrange on London, 124 francs 28 centimes. The dollar was quoted at 25 francs 58Y centimes. Note—All stocks are sold in one hundred-share lota excepting those designated by the letter s (80s) (3508), which shows those stocks were sold in odd lots. Individual sales complled te noon—complete in 5:30 ~Prev High. 144% 52 23% 92 118, 109% 10% 18% 12% 594 59 1828 | 126 42% 23 62% R 12% 63 129% 38y 6 R 21% 14% 3% 51% 8 31% 26 30% 438 23% 297 574 647 1931 Stock ana Low. Dividend Rate. 7 Abitibl Pow & Paper 7 29 ABIILIP&PDI(S). 2 16% Adams Fxp (1.80)... 5 8315 Adams Exp pf (5)... 208 64 Adv Rumley (new).. § 87 Air Reduction (t4%) 43 6 Alr Way Elec Appl.. 1 7 Alaska Juneau (40c) B4 78 Alleg COrp.......... 18 20% Alleg Cp 330 wwbis. 1 391 Alleg Cp $40 ww 5% . 1 131% Allled Ch & Dye (n6) 122 Aliled Ch & Dot (1). 50 Allis Chalmbers (2). 17t Amerada Corp (2)... 541 Am Bank Note (13).. 21's Am Br Shoe (2 40) 7% Am Brown Bov Elec. 45% Am Br B Epf (7)... 1008 106% Am Can (5). ... 100 27 AmCar& Fdry (3).. T4% Am Car & Fdy of (1) 381 Am Chicle (13) 14% Am Colortype (1.40). 8% Am Comel Alcohol.. 1 19 Am European Secur. 1 26% Am & For Power.... 266 1% Am Hide & Leather.. 2 28% Amlce (3)...... 17% Am Intern . 20% Am Locomotive (2).. 31 Am Mch & Fdy 1.40.. 16% Am MetalCo........ 16 Am Nat Gas of (7)..100s 50 Am News (13%).... 108 45 Am Pow & Lt (11). 2 80 AmP&Lpf A st (5) 1 16's Am Rad & St San (1) 43 2615 Am Rolling Mills... 21 52% Am Safety Razor (5) 3 37 Am Shipbuilding (5) 50s 40% Am Sm & Ref (4)... 11 129 Am Sm & Ref pf (7). 2% Am Solv & Chem. 5 Am Solv & Chem pf.. 22% Am Steel Fdy (3).... 42% Am Sugar Ref (5)... 96 Am Sugar Ref pf (7) 7% Am Sumatra Tob 1764 Am Tel & Tel (3).... 104 Am Tobacco (16).... 104% Am Tcbacco B (16).. 90 Am Type Fdy (8) 53% Am Water Wks (3).. 101% Am Wat W 1st pf (6) 64 Am Woolen. . . 21 Am Woolen pf... 414 Am Zine Lead & Sm. 29% Anaconda Cop (1%).. 22 Anaconda W & C (1) 38% Armour of Del pf (7) 2 Armourof Il A 1% Armour of 11l B 16 Armour of 11l pf. 3% Arnold Constable. ... 17% Art Met Const (1.60) 10 Asso Apparel (12)... 22 Asso Dry G (2%) 2615 As=o Ol (2).. 170% Atch To & S Fe (10). 102% Atch To & S Fe pf(6) 97 Atl Coast Line (110) 17% Atlantie Refining (1) 42 Atlas Powder (4).. 97 Atlas Powder pf (6). 108 101% Auburn Auto (f4)... 60 1 Autosales.. 2 2% Autosalespf........ 108 3 Aviation Corpof Del 15 19% Baldwin Loco'(1%).. b3 6814 Balto & Ohio (5).. L] 72% Balto & Ohio pf (4).. 4 102 Bamberger pf (614). 110 10% Barnsdall (A) (1). 5 24% Bayuk Cigar (3).... 608 65 Beatrice Cream (4).. 10 106 Beatrice Cr pf (7). 1 167 Bendix Aviation (1). 15 224 Best & Co (2) 4 45% Bethlehem Steel . 267 11414 Bethlehem St pf (7). 3 24 Blaw-Knox (14).... 4 20% Bohn Alum & Br1%. 60 Bon Ami (A) (4). 674 Borden Co (k3). 20% Borg. Warner (1) 1% Botany Con M (A). 164 Briges Mz (11%). 14 Brockway Mot pf... B8% Bkiyn-Man Tr (4) #5% Bklyn Man Tr pf (6) 102 Bkiyn Unfon Gas (5) 10% Bruns-Halk-Col 5l Bruns Ter &Ry 8 47 i 4 3 1 1 i 2 6 6 27 1 " 14% Bueyrus41) 25 Ruevrugev p 37 Budd (EG) Mfg pf 9 “Budd Wheel (1) 11% Bullard Co...... 11% Rulova Watch (1%). 4 BurnsBrosB.... 21% Burronghs A M t1%. 23% Bush Terminal (213) 100% Bush Term deb (7) 109 Bush T Bidg pt (7) 12% Butterick Co. 37% Byers (A M) 14 1208 108 ‘ 35% Calif Packing (2) and an- | 135 TH% 10215 107 24 105 14 185% 110 TN £ 8 Calumet & Hecl: 11% Camp W&AC Fy(1). 29% Canada Dry G A (). 37% Can Pacific (3%) 17% Cannon Mills (1 914 Capital Admin A. 98 Car Clin & O sta (5). 108 81% Case (JI) (8). ..... 226 111, ¢ J1) pf (T).... 208 26% Caterpillar Trae (14) 21 513 Celotex Co. : 1914 Cent Azuirre As1%. 22% Cerro de Pasco(1.50) 214 Certain-teed Prod. 12 Cheeker Cab Mfg 3914 Ches & Ohio (234). 40 Chesapeake Corp (3 5% Chi Great Western 19% Chi Great West pf. 5% Chi M1l St P& Pac. .. 9% Chi Mi) St P& P pf. 3% Chi & Northwest (4) 103 Chi &N W pf (7) 914 Chi Pneu Tool. . 23% Chi Pnen Tool pf 47% Chi R 1 & Paeifie (5). 84 ChiRI&PDpf(6)... 94 ChiR]&Pacpf (7). 23% Childs Co (2.40)..... 26 Chile Copper (2).. 15% Chrysler Corp (1). Collins & Afkman 21 Colo Fuel & Iron (1) 57 Colo & Sou Ist pf (4) 33% Col Gan& El (2). .. % Col Graphoph (4% ). 73% Columb Carbon (5) 18 Comel Credit ¢2). 2115 Comel Cred pf B (2) 26 Comm Inv Trust (2). 154 Comm Solvents (1).. & Cmwlth & Sou (80e) 91% Cmwith & San pf « 6% Congolenm-Nairn... 251 Consol Cigars (6) £4's Conmol Cigar pf (7). 54 Consol Ciz prof 6% . 7% Conmolidated Film... 15% Consol Film pf (2).. 8244 Consnl Gas N ¥ (4). 10115 Con Gasof NY nf(5) onsol Laundries (1) “onsol RR C pf 16).. “onmol Texiile “ontainer Corp (A).. ‘ontainer B...... “onti Raking A Contl Baking B ontl Can (2%).... “ontl Dim Fibre (1).. “ontl Inmur (3 40)... “ontl Motors. “ont1 O] of Del “ont Rhares “orn Prod (334, orn Prod pf (1) “ory Ine rex Carpet T Cork & Seal 2.40.. ‘ruefbie Ste 2 ‘rueiiile Sreel nf (1) 180, 2ane Prod. n Dom Sugar. .. udahy Packing (4). “urtis Publish (17). Curtiss Wright Corp timx Wr Corp A.. 4 Cutier Hammer. 134 Davison Chemical 20% Deere & Co pf (1.40) . 1315 1 laware & Hud (). 72% Del Lacka & Wn (4). 26% Denver & RG W pf.. 14% Diamond Match. &ia Dome Mines (1), . Corp (4) .. Siik pf (8) 118% Du P 102 Duques Lt 18t pf (5) 714 Eastern Roll Milis. . 143% Eastman Kodak (18) 4 Eitington-Schild 50% #lec Auto Lite Tl 214 Elec Boat..... 8 31% 19% 1% Bby 88l 614 13 8% 40 15 134 124 1007 104 140 1008 1% B 4 a0 4n ki 27% 16 21 138 72 29 18% 11 5% 105 920 1211 106 % 31 19% 914 R4 86's 61 12% 8 40 35 132 124% 32 184 55 3% A1 49 119% 208, 80 468 ™ 131 1244 A% 18% 55 1% 814 4 119 20% 80 46u 15 R 491 1198 24% a6 66 1% 23% 2% 185 14 6514 92 1128 10 L 17% 2015 4 7% 13 124 an 2614 22% 102 110 145 4an 35% A 12% 26 3714 2214 . 16% 29 M 113% 2y 107 104 238 49% 25 96 24% 20 21% 2% 184 1214 2014 57 374 11 80 1041 1415 37 1en— Add 00. High, Low. Close. Close. Ry a1 197 904 Rlg 8T% 64 18% 8% 4 39% 134% 126 3214 1815 5415 31 3 504 123 1115 15 9% 36 R4 13 3614 381 22 15% 98% 97U 113 6% 11 2215 224 514 13 o an 63 25 [ 9% 4% 108 10% 24 51 9 3m 11% BR2% 18% 244 287 | 16% 104 15 7" 152 12 1R% 321 491, 1001 1084 g | 12 ~Prev. 1930~ 'mm Low. 1608 6 28 41 113 ab% 393, 45 12% 25 24 30 22% 56 19% 13% 70 B 2614 187 a4 29% 267 69%, 235" 1% 96's L) 274 374 201 9 63 Stotk ana , Dividend Rate. Eleo Pwr & Lt (1)... 100 ¢ Elec Pow & Lt pt (1) 50% Elec Stor Bat (5).... 3 Elk Horn Coal pf.... 1 Emerson Brant A. 30 Endicott-John (5)... 103 Endlcott-John pf (1) 29% Eaq Office Bldg (2%). 254 Erle RR........ 33% Erie RR 1st pf (4) Eureka Exchange Buf (1%)." Fashion Park As pt.. Fed Wat §v A (2.40). Federated Dept Strs. Fid Ph Fire In (2.60) Firestone T & R (1) Firest T & R pf (6).. First Nat Strs (234). Fisk Rubber...... . Fisk Rubber 18t pf. . Foster Wheeler (2).. Foundation Co. Fourth Nat Inve Fox Film A (4) Freeport-Texas Gamewell Co (5) Gardner Motor. Gen.Am Investors. Gen Am Tank Car(4 Gen Asphalt (3).. SR Gen Baking pf (8). Gen Bronz Gen Cable Gen Cable pf (7). Gen Cigar (4) Gen Flec (1.60) en Elec &pec (60c Gen Focd Corp (3) Gen G & El A (e30c). Gen G & El ev bf (6). Gen Mills (3).. Gen Mills pf (6)..... Gen Motors (3)..... Gen Motors pf (5)... Gen Outdoor Adv Gen Out Adv A (4) Gen Pt Ink (2%)... Gen Pub Sv b6 % stk. Gen Ry Signal (5)... Gen Realty & Utll. .. Gen Refractorfes (4) Gen Theater Equip. . Gillette Saf Rasor.. Gillette Saf R pf (5). Gimbel Bros. ....... Glidden Co. . Glidden pr pf (7)....1 Gobel (Adolf). 4 Gold Dust (24)..... Goodrich (RF). .. Goodyear Tire&R (3 Gotham §i1k Hoslery Gotham S H pt (7) Graham-Palz Grand 811 Strs (h1) Grand Union. Grand Union pf (3). Granite City St (3) Grant (W T) (1). Grt North pf (5). Grt Nor Ore (2).. Grt Western Sugar.. Grt West Sug f (7).1 Grigsby Grunow. Gulf Mobile & North., Gulf States Steel.... Hackensack W (1%) Hahn Dept Stores. .. Hahn Dpt St pf (6%) Hartman Corp (A).. Hartman Corp (B).. Hayes Body. . Fielme (G W) (17) Hercules Mot (1.20). Hershey Choc (5)... Hersh Choc nf (16).. Hollander Sons....... Homestake Min (17). Houdaille Hershey. . Household Fin pf (4) Houston Ofl. . Houston Ofl (new) Howe Sound (3)..... Hudson & Man (334). Hudson Motor (1)... Hupp Motor: Tilinots Central (7).. Indian Motor Cycle. . Indian Refining. . Ingersoll Rand (16 Inland Steel (4) Insuranshar Del 40c. Insur 8hrs Md(40c). Interb Rap Transit.. Interiake Iron (80c). Int Agricultural. Int Bus Mach (n6) Int Carriers (37%¢). Int Cement (4). . Int Combustion Int Comb Eng pf. Int Harvester (234).. Tnt Hydro E1 A (e2). Int Match pf (4).. Int Merc Marine (2). Int Nickel (80e). Int Nick Can pf (¢ Int Paper & Pow C IntPap& Ppf (7)... Int Rys Cen A pf (6) Int Salt (3).,... Int Shoe (3) Int Slver pf (7). Int Tel & Tel (2) Inter D St pf xw Johns-Manville (3). Johns-Manv pf (7)..1 Jones & Laug pf (7). KC P&L 15t pf B (6) Kayser (J) & Co (1). Kell. ring Tire. Keisey Hayes (2)... Kelvinator Corp. Kennecott Cop (2). Kinney (G R) (1). 26 20 25% 58 19% N 85% 274 Kinney (G R) pt (8) 3208 Kolster Radio. . Kolster Radio etfs. 4 Kresge Dept St pf Kresze (SS) Co 1.60, Kreuzer & T (21.60) . Kroger Groc&RBak(1) Kuppenheimer (2 f.ambert Co (3) Lee Rubber &Tire. Leh Valley Coal..... h Val Coal pf (3).. h Valley (27%). Lehman Corp (3) hn & Fink (). Lib Ow Ford Glass Lizg & Myers B (15) Lima Locomot (m2). Liquid Carhonte (3). Loew's Inc (3). Toft Inc.. 1 Loose-W forillard F) Co. ... Louisiana Ofl. . Louis & Nash (7) Ludlum Steel. . MacA & Forb nf (8). McCrory pf (6).... Mclntyre Pore M (1) MeKeespt Tin P(45). McKesson & Rob (1) McLellan Stores. Mack Trucks (3). Macy (R H)&Co(n3). Mad Sa Garden (60¢) Manati Sugar 3 Man Elev mod g (45) Marine Mi4 (1.20) Marlin-Rockwell (2) Marmon Motor Marshall Fleld Mathieson Alkall (2) MAVIARCO. ... .00 Melville Shoe (2) Mengel Co. .. - Met-Gold nf (189) Mexican Seahoard. .. Miami Copper Mid Continent Petm. Midland Steel (3). .. Min Hon'w Reg (+4). Ainn Moline Pow. .. MSP&SEM isd (4) Mo Kan & Tex pf (1) Missourt Pacific. . . . Missouri Pac pf (5). Montgomery Ward.. Mother Lode. .. s Motor Meter G & El Motor Wheel 1%4). Muliin Mulli Munsingwear (3). Murray Corp. ... Myer (F E) & Br (2) Nush Motors (4) at Acme (80c). t Belia H Biscult (280). at Cash Register A. At Dniry (2.69).. at Dist Prod (2). at Lead (5).. at Pow & Lt (1). Nat Radiator. 43 - Nat Steel (2 A% t Surety « 16% Nat Tea (1) 31 w Sales— Add 00. H'sh. . 208 Prov. Low. Close. Close. 120 61 49% 49% 514 4 107 107 107w 1074% 10 60" 60 62% 208 3 3 3 3 1M 1% 1% 3% 33 3% 3024 1021 103 2915 29% 2614 33% 915 20 1R 251 20% 47 16 604 531 2% a7 10 4 pri 1% 56 61y 71y 4615 16 26 5374 v 70 5 71, 431 1 100 99% 393 43 a4t 1 10115 101 1 Rli A% 1 224 22 208 2 2 16 1 16 39 [ 4 2 708 o 10 8 54 108 20 4 234 | 108, | 894 4% 21% 23% 30 304 R 8u 60 6lu % 84| B 4 5% 5% | 93 95 | 3. 15 | 5% 96Y | 10015 100% 181, 7™ | 3 1 1 2 1 2 2 208 16 21 LT A S el = e PRV Y i 9| 68 | au | | | = NS AN AR NI N NN A 308 | { 108 &S 5 | 195 ! 27 208 308 80 5 2 18 30 2915 24 14% | o 35% fl“fll % 3% W T R 79% 29% 30 6% 474 30% 32 1208 121 361 474 W oo ads 4% 0% TIN ‘20m 22 70 2 4 | Pacific and Lackawanna. | carriers are due | Jersey. STOCKS DEPRESSED IN SHARP SELLING All Sections of List Affected by Unfavorable Trade News. BY GEORGE T. HUGHES, Special Dispatch to The Star. NEW YORK, April 15.—Discouraged by the tenor of advices from the steel trade, stocks had a fresh sinking spell in today's market under a combination of liquidation and professional short selling. Both industrials and rails were affected, although the greater activity was in the former group. United States Steel made a new low in the first hour of business. The stock sold at the lowest for the bear market and brought offerings into the general industrial list for the market still looks to steel for leadership. The trade re- views told about a further reduction in the rate of steel operation, with the general average only slightly. about 50 per cent, and of an unsatisfactory price situation, with the only favorable item the demand for structural steel, Vanadium Dividend Omitted. Announcement was made that the Vanadium directors had omitted the dividend. ‘The stock had been weak all morning and sold off further when the news came out. Pressure continied to be exerted against electrical manufacturing stocks. Westinghouse Electric broke into new low ground on professed doubt as to the safety of the dividend, even on its present reduced basis. General Electric dropped to a new low on the movement Bethlehem Steel weakened and so did Allied Chemical, American Can and & long list of active issues. Air Reduc- tion made a new low early in the day. The automobile stocks came down be- cause of statements in the steel journals that demand from the manufacturers for steel products was disappointing. Losses were not large in the group, but General Motors and Chrysler were down a point or so. - Railroad stocks worked irregularly lower. Special weakness appeared in St. Louis-San Francisco and in South- ern Raflway, both at new minimum prices for the year, as were Canadian Railway pre- ferred stocks slipped off easily, notably Missouri-Kansas-Texas preferfed. Louis- ville & Nashville come down to within a point or so of its previous low. Earnings Reports Due. earnings statement for the to appear within a few days while the comparison with the same month a year ago will not be quite as unfavorable as was the case with the Pebruary reports, it is not likely to bring suppdrt to railroad stocks The weekly statement of car loadings revealed a lower total than the pre- ceding week, but some decline is sea- sonal at this time. There was no improvement in the oil group, although there was no import- nt liquidation either. Royal Dutch was one of the stocks that made a new year low. The oil shares have still to face first quarter reports from those companies that make them and a num- ber of important annual reports, among them that of Standard Oil of New Meanwhile another cut in crude is predicted, so that under the circumstances the heaviness was not surprising. Amusements were weak March | again and for the first time in a long while the food stocks were easier, in- cluding corn products, Renewed weakness in United States Steel, which dropped to a new low at 13473, caused the early market to touch new low levels on the movement. After the first half hour there was ! a small rally, which, however, left the list still Jower on the day and the Steel group failed to rally at all in early trad- ing. Bethlehem and Vanadium also droped off. Steel activity was reported down and other statistical factors were unfavorable. During the first half hour trading amounted to 300,000 shares, of the same as on Tuesday. Call money renewed unchanged at 13 per cent. ‘The raflroad stocks were again the weakest group. Canadian Pacific d Lackawanna both touched new lows for the year. The ofl shares were soft also, with a drop of over a point in Standard Oil of New Jersey and a fractional loss in Texas Corporation. The utilities made the most prcgress on the rally, but the main active issues. such as American Telephone, consolidated Gas and Pub- | lic Service of New Jersey, were still lower on the dnk First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc.| A Practical Plan for Security Holders Who Have Suffered Capital Depreciation or Loss of Income BOND & SHARE COMPANY Suite 317 Southern Bldg. Metropolitan 1545 WASHINGTON, D. C. SECURED>~HOMES e NATIONS CAPITAL First mortgage securities that offer a magnificent opportunity for investment These securities are on very con- servatively appraised property in the Nation's Capital. No matter how modest your resources may be if you have money to invest, and want to get maximum income, these seeuri- ties should merit your investigation. Guaranty First Mortgages are non- fluctuating. Every dellar you invest in them is returned (plus semi-an- nual interest) upon maturity. These ave the additional ba ing of our resources which exceed $3,000,000. Denominations as low as $100 may be purchased on monthly payments Call for catalog, which esplains every- thing in full _ REALESTATE MORTGAGE & GUARANTY CorPORATION 1610 K 5t. N.W. National 1403 By the Associated Pre NEW YORK, April 15.—A large in- crease in the number of buyers regis- tered in the New York wholesale mer- chandise market during the past week was noted in lists ‘published in the New York Times. For the week ended yesterday 969 buyers were listed, against 588 in the previous week and 614 in the corresponding week last year. Yes- terday’'s registrations numbered 394, g:r;lblred with 345 reported last Tues- Preliminary steps for drawing up of simplified and standardized ll')sflsplw worhen's and misses’ dresses have been taken by the ready-to-wear group of the merchandise managers’ division of the National Retail Dry Goods Association. The action was described as the first move to correct increasing alterations of garments and reduce returns of goods to manufacturers. Orders for men's clothing And furn- ishings for the beginning of this week were estimated to be about 10 per cent ahead of the same period of last week by resident buyers in New York. A spurt in demand for suits and topcoats in the popular priced ranges was part- ly responsible for the increase, it was said. | In contrast to the slow condition of | the trade at this time In most house- | ware lines, orders for low-end kitchen | tools took 'a_decided upturn this week. | Chromium-plated kitchen tools to re- | tail at 10 cents are being purchased in volume quantities by chain stores for | immediate ‘sale. Stainless steel uten- sils which sell at retail at 25 cents each are being order Stovie: € ordered by department NEW YORK, April 15 (. v se- curities offered today Include: <" > JAtlanta Gas Light Co., $4,000,000 4! per cent notes, maturing March 15, | 1933, shpiced at 987 and interest to ) -20 per cent by a syndicafe head- €d by Halsey, Stuart & Co. i | [ Money to Loan Secured by first deed of ¢ revalling Interest and: ¢ommission ' ,lg:eph 1. Weller el iz F N First Trust Money Available at Prevails Promot Consideration of Your: A. C. H 1518 0 REAL ESTATE LOAN. Made at Low Interest Rates TYLER & RUTHERFORD The COMMERCIAL NATIONAL BANK 14th and G Streets ‘Banking in All of Its Phases WE PAY Advantageous Terms on D. C. Property Loans ‘The easy monthly payments, Which at the same time pass interest and - reduces © the one of the most_dis- tincfive features of our Loan Plan. A loan of $2,000 is paY- able at the rate of 320 monthly at 130 monlhlr ind on propor- tionately. "We will ‘giadiy out- line the many other advan- tages we offer our members t0 sou'in detail: Open Daily 9 to § Saturdays Until Noon NAtional 1381 BUILDING ASSOCIATION 949 NINTH ST, NW. UNDER SUPERVISION OF U.S TREASU! April 14, 1881 | Equitable Co-Operative Bldg. Ass'n Sist YEAR COMPLETED WALTER §. PRATT, Jr., Seerefary Subscription for the 100th Issue of Stock Being Received ver a Third of a -Century Without a Loss Do You Desire a Loan —on Real Estate or to Take Up First Mortgage? TH()SE desiring money to purchase a home, re- financé present indehtedness 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 E have plenty of avail- able funds for leans on improved Real Estate in nearby Montgomery County, Md., and the District of Columbia for periods of 3,5 or 10 vears, at 514 per cent interest. Prompt decisions given applications. BOSS and PHELPS Realtors FOUNDED 1007 Lean Correspondent John Hancock Mutual Life Insurance Co. 1417 K St......National 9800 THERE IS NO UNCERTAINTY connected with our 6% FIRST MORTGAGES You know at the time you make the investment just what the return is going to be—and what it is then, it continues to the maturity of the mortgage. investment in And the principal is safely secured-meanwhile against any risk of loss. May be purchased in amounts from $250 up. SAUL. CO. 925 15th ‘St. N.Wi April 14, 1931 ANNOUNCING Our 50th Anniversary "WASHINGTON PERMANENT BUILDING ASSOCIATION 629 F St. N.W. 50 Years’ Continuous Growth kst Y oan, 18825 . 189} 1901 1911 192] " 50th Year, President. . ASSETS 1931 . $38,824.95 $567,403.40 .. +$1,202736.07 .. $11922,893.88 $3,431,867.63 «+..%$7,539,805.14 OFFICERS JivegestEl ) Sachs Vice President..John Henderson Treasurer.......C. J. Bergmann Secretary. Hermann H. Bergmann General Counsel. . ..C. Chester Caywood john Waldman C. lemling John H. Clipp James R. Ellis DIRECTORS