Evening Star Newspaper, April 20, 1931, Page 13

FINANCIA FLEMING ADVISES ' HELP FOR COUNCIL Permanent Advisory Commit- !tee for Federal Reserve ! Urged by D. C. Banker. BY EDWARD C. STONE. Robert V. Fleming, president of the Riggs National Bank of this cityjurged the twentieth annual convention of the Association of Reserve City Bankers, in session at Rich- mond, to establish a permanent Fed- eral Reserve Com- mittee, The Wash ington banker de- ~Prev. 1931~ Stock and High. Low. Dividend Rate. 7 Abitibi Pow & Paper. 6 16% Adams Exp (L60)... 21 831 Adams Exp pf (5)... 108 2% Addressogr Co 1.40 2 8514 Afr Reduction (143%) 7 Alaska Juneau (40c) 75% Alleg COTpP...... - 36 Alleg Cp $40 ww 534 . Allegheny & Wn (6). 182% 130% Allled Ch & Dye (n6) 42% 80 Allis Chalmbers (2)., 541% Am Bank Note (+3).. 29% Am Br Shoe (2.40). .. 7% Am Brown Bov Elec. | 63 454 AmBrBEpf (7) 129% 106% Am Can (15)... 151 145 AmCanpf (D). 26 Am Chain2). 38% Am Chicle (13) 7% Am Comecl Alcohol. .. ™7 Note—All stock 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 to noon—complete in 5:30 Edition A:;‘(;)’.‘;luh. Low. Clo:!. Close. 18% 90 21% 34%% 1121 117 4 13614 134 31% 5514 29 31 bty 301% ™ 4T 49% 119 118% 150% 150% 25 28 ~Prev, 1981 Stock and High. Low. Dividend Rate. 45% 82 Erie RR1stpf (4)... 30% Erie RR 2d pf (4). .0 8 Eureka Vac Cleaner.. E 40% Fed Lt & Tr ($1%).u 22 Fed WatSy A (2.4 15% Federated Dept Strs. 5614 Firest T & R pf (6 41 First Nat Strs (2%). 1 Fisk Rubber........ 2 Fisk Rub 1stpfev. 12 Follansbee Bros.... 41% Foster Wheeler (2) 224 Fourth Nat Invest. 2215 Fox Film A (4).... 2814 Freeport-Texas (3) 49% Gamewell Co (5). 4% Gen Am Investors 57% Gen Am Tank Car(4) 241 Gen Asphalt (3) 22 General Baking 18 41% Gen Elec (1 Bales— Add 00, High. 32 NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Prev. Low. Close. Close. 32 ¥ 30 301 8 20 8% 30% 8 40% 25% 19% 59% 33% 50 6% 64 25% 22% 1 16 39 40 D. C., MONDAY STOCKS CONTINUE TREND T0 DECLIN Trading Sluggish After Turn for Better Saturday, but Liguidation Is Spotty. BY CLAUDE A. JAGGER, Associated Press Financial Editor. NEW YORK, April 20.—The stock market fell back into its habit of de- clining today, after the upturn on Saturday. Trading remained sluggish and liquidation of notable volume appeared only in spots, but traders evidently saw little in the upturn late last week save bear profit- . A few specialties broke sharply, but there were a few 'APRIL 20, 1931 NEW YORK SUGAR. NEW YORK, April 20 (P).—Raw sugar was easier today, and although no sales were actually confirmed, ‘was rumored that some Philippines had sold at 3.25, a deoline of 1-32 from the last previous sale. Buyers showed no interest above this level, but holders ly were asking 3.28. Raw futures opened unchanged to 1 point lower and showed little change during the balance of the forenoon, with the market at midday about the same as at the opening. The London cables were disappointing and the easier spot market was also a depress- ing factor, but offerings were not very aggressive and seemed to be readily taken by trade interests, against sales in the spot market. Refined was unchanged with little better withdrawal demand, but little if any business reported. Prices were listed at 4.50 for fine granulated by ali|| refiners, with second hands available at from 4.42'% to 4.45. Insurance company investigations in- dicate that nine out of every 10 motor || accidents happen to cars in good con- dition. FINANCIATL probably || E have plenty funds for loans on improved Real Es« tate in nearby Montgomery County Md., and the District of Columbia for periods of 3, 5 or 10 years, Prompt decisions given applications. 52% INTEREST BOSS and PHELPS Realtors FOUNDED 1907 1417 K 8t. N.W. clared that such a committee of Re- serve City Bankers @ could be of great value to the ad- wisory council of the Federal Re- serve system could also assist the Re- serve Board's sub- committees and, 3 vhen invited, give ich important in- formation ;{0 the ‘ederal eserve E gmard Tegarding actual banking condi- tions and on the relations of the banks the public. w.\I?. %"}mez spoke on “Should the Association Set Up 8 Permanent Pederal Reserve Committee?” The mat- ter of reserves which the _banks should at all times carry is an issue of vital importance and one in which the Federal Reserve Board always has deep con- cern. Mr. Fleming has been a member of the Special Committee of the Ameri- can Bankers' Asscciation on the Calcu- lation of Reserves. and has also keep in close touch with the Reserve City Bankers' views #long the same line, so is particularly well qualified to discuss the subject. Changes Present New Problems. At today’s session he told the Reserve City Bankers that he was convinced that such a committee could be of real value. The committee would not at- initiate legislation, bu:.l merfl{ act in an advisory capacity. 10 uehed briefly on the history of bank- ing, the events that led to the estab- lishment of the Federal Reserve system and pointed particularly to the sweep- ing changes that are going on in the banking field. These changes call for constant revising in reserve require- ments, many new ruling being based on the king of information with which the v kers are particularly Tamitar. Siher 101% Auburn Auto if4)... ing’s recommendations will 21 Austin Nich pr A (3) iy ul;le?;r ction. during the three- 3 Aviation Corp of Dal day session. Another speaker today 19% Baldwin Loco (1%).. Was James D. Brennan, vice president, 8815 Baldwin Loco pf (7). Correspondent 44% | fitful rallies and General Motors and Loan John Hancock Mutual Life Insurance Co, 11% | the tobaccos managed to make upward B:"i progress. 70 Auburn Again Weak. 43%| Auburn again was a weak feature, 35% Gen Motors (3). 43% | dropping more than 20 points before 95 Gen Motors pf (5) 101% | rallying, S7% Gen Outdoor Adv. % 8% | Industrial Rayon again broke badly, 193 Gen Out AdvA (4). 20 19% |as its quarterly statement showed earn- 67 Gen Ptg Ink pf (6).. 40 71% @70 |ings of only 6 cents a share. Ingersoll 1414 Gen Pub Sv b6% stk. 15% 16% |Rand also lost several points. U. S. 5% Gen Realty & Utll 6% 6% |Steel made an_extreme decline of 3 3 Gen Refractories (4 43% 43% | points, getting below 130 for the first 20 e 8% 9 |time since 1927. Other declines ranging 108 21% Gillette Saf Rasor. 324 31% [from 2 to 3 points were recorded by 10 62% Gillette Saf R pf (5 73 73 |Air Reduction, Public Service of New 414 Gimbel Bros 6% 5% Jersey, North American, Westinghouse 8% Glidden Co.. 10% 10% | Electric, New York Central, Case, Elec- 59% 60 |tric Autolite, Eastman and Royal Dutch, 7% 8 |the last named recording a new mini- 38% 38%|mum for the American shares. Amer- 13% 18% |ican Tobacco B, however, gained more | 40 l:g than 5, and General Motors pushed up fi:‘ g2 |® ‘A‘;‘n"“ the brighter devel ts of - . ong the brighter developments of 47 Gotham Stlk Hoslery 11% 12 | the day were the remarks of Walter 8. 50, Gotham S Hpt (7). .F108 70 707|Gifford, president of the American 3 \6 gr-n-rn-l’-‘"‘ 10 3 5 | Telephone and Telegraph Co. before the 151 Granby Consoi ()., 2 16 16%|annual luncheon of the Associated 19 Grand 811 Strs (h1) < 183 204 21 |Press. Mr. Gifford expressed confi- 10% Grand Union. - 14% 14% | dence in the Nation's ability to progress 52 Grt North pf (5) 2 B8t B84 lout of the valley of economic depres 1;‘4 Grth?roro 2) 4 224 22'%|sion and added that the telephone % Grt \"c'eltlrn Su, 2 10% 9% ) company’s statistics find that the im- 85% Grt West Sug pf (7).2208 89 89 |mediate present already shows signs of oJ* Qrigaby Grunow. ... 26 4% 4% | improvement. 50 Guif St Stl1stof (1) 10s 56 6% Hahn Dept Stores... 2 Pays for Enthusiasm. 50 HahnDptStpf (6%) 2 Despite confidence in eventual eco- {89% Hanna pt (7).......1108 nomic improvement, however, the stock 84 Harb Walk Ref (2).. 5 market continued to pay for its excess 3% Hayes Body........ 2 of enthusiasm of a few weeks ago. Wall Helme (GW) pf (7).. 108 Street generally has felt for some weeks - o 50 Hercules Powd (3).. that the tide has turned, or is turning, ” but the stock market is traditionally SECURED «~HOME e NATIONS CAPITAL 19 Am European Secur. 26% Am & For Power. . 85% Am & For Pw pf (7). 604 Am & For Pow 2d pf. 1% Am Hide & Leather. . 101 Am Hide & Leath pf.. 477 Am Home Pr (4.20).. 23% Am lce (3) 11'4 Gen Elec spec (60¢) ., 47% Gen Food Corp (3).. 414 Gen G & E1 A (e30c). F4 GenG & Elcv pf (6). 4314 Gen Mills (3). - = 2 DI-ET TSR IO JUTVIP O REAL ESTATE LOANS Made at Low Interest Rates TAYLER & RUTHERFORD invited on _ high-class di gs. and particu- iness properties, Am Mch & Fdy 1.40.. 3'5 Am Mach & Metals. . 15% Am Nat Gas pf..... 45 Am Pow & Lt (31).. 16% Am Rad & St San (1) 141 AmRad&SSpf (7). 2614 Am Rolling Mills. ... 50% Am Safety Razor (5) 3 % Am Ship & Com.. 1 . 40% Am Sm & Ref (4) 14 59% Glidden pr pf (7). 931 AmSm&R2dDpL(6) 1 4 4 Gobel (Adolf).. 37 Am Snuff (133). 1 8114 Gold Dust (2%).. 18% Am Steel Fdy (3) 6 13% Goodrich (B F)..... 110 Am Steel Fdy pf (7). 20s 50 Goodrich B F pf (7). 37 AmStores (12%)..., 2 714 Am Sumatra Tob. 3 1764 Am Tel & Tel (9) 47 104 Am Tobacco (16).... 15 104% Am Tobacco B (16).. 101 105 Am Type Fdy pf (7). 108 53% Am Water Wks (3) 101% Am Wat W 1st pf ( 67% Am Woolen, . 21 Am Woolen pf. i 414 Am Zinc Lead & . 29% Anaconda Cop (1%). 27 Anchor Cap (2.40)... 13% Andes Copper. . . 3814 Armour of Del pf (7) National Metropolitan 15th Street Opposite U. S. Treasury Any Friend You Choose ~—to act as Executor or Trus- tee of your Estate, is subject to the same limitations that o 8 Robert V. Fleming 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. you are—illness or accident may incapacitate him—he is bound to die sooner or later, fBut you can forestall com« plications by appointing & Corporate Trustee or Execu« tor, such as this bank, Talk the matter over with our TRUST DEPT. 38% Goodyear Tire&R(3) 81 Goodyear 1st pf (7).. Money to Loan first deed of trust on real estate. | on Secured b, Prevailing interest and comm! Joseph I. Weller &0 5 & Tt OLDEST NATIONAL BANK 78 in the District of Columbia 57 90 10 Asso Apparel (12)... 21% AsS0Dry G (2%).... 2615 Asso Oil (2)... 168 Atch To & S Fe (10). 102% Atch To&S Fe pf (5). 95 Atl Coast Line (110). 15% Atlantic Refining (1) 40% Atlas Powier (4). 96 Atlas Powder pf (6). ! Equitable Co-Operative g Organized 1879 51st YEAR COMPLETED i JOHN JOY EDSON, President ~ WALTER S. PRATT, Jr., Secretary Subscription for the 100th Issue of Stock Being Received MORTGAGE SECURITIES Do You Desire a Loan A Safe Investment That Brings the Maximum Return —on Renl Estate or to Take Up First Mortfiade? 6% 'HOSE desiring money to purchase a home, re- Those who have money to T finance present indebtedness or improve property invest, no m; large ke P . cabldhaeilam o [ should consult us. Applications will receive prompt and i courteous attention. learn the possibilities of Guaranty First Mortgage Loans Repayable Monthly No Brokerage . . . No Commissions securities. They are offered 915 F ST. N.W. on carefully selected, im- 116% Hercules Pow pf (7). 308 8; Et;’x-h?' PCM': (1'62) = impatient, and given to fits and starts. 2 olland Furn The balance sheet of only one compan 81~ Homestake Min (17) in the w;‘:ld shows greater assets ;':ax); e ll}c'"d:}i]ll]-dlgrlh;!(;; that headed by Mr. Gifford. That is ousehold Fin p: litan Life Insurance Co., 3:;: 23::::: g}:.‘.n.'.'.'.) .od ?:;1 %3;“’.‘”’133 fl!y; em;a Frederick I»L ‘el Ecker, president of Metropolitan, sai 21 Howe Sound (3). . vival is | 37 iudson & Man (345, ot ot o priocnt tmes . | 183% Hudson Motor (1). “The weekly surveys of the economic | First National Bank_‘l BOBSW; ;;(ht;n g]li- 13?\4. Balto & Oh{o (5).... 7% Hupp Motors. ... advisory services were inclined to look cussed “The Ideal City Bank Examina- Bamberger pf (6%). €2 Illinols Central (7) for further market irregularity and | tion.” The delegates were welcomed by 54 Barker Bros pf (6%) 3 Indian Refining. weakness during the near term, but Thomas ”B,Pyctdrnspmfic;u% Eoid oo fi:;'.‘,;";}}, @ a... ,28% Indust Rayon (4 continued to express confidence in the ger, Stal ant 2 . 52 Ingerso nd (t longer term prospects. e news o of Richmond, and the response “bv 65 Beatrice Cream ( 69% Inland Steel (4). the week end added little new light to, Harry §. Covington, vice president, Na- 16% Bendix Aviation (1, 7% Inspiration Coppe: the general situation. Further revolu- | tional Benk of Commerce, Detroit. 32% Best & Co (2)... 5% Insuranshar Del 40c. tionary activities in Central America | The president of the association is Guy 45% Bethlehem Steel (6). 6% Insur Shrs Md(40c).. were not disturbing to Wall Street, as | Emerson, vice president of the Bankers 22% Blaw-Knox (1%)... 24% Interb Rap Transit American investments there are not ex- | Trust Co. New York. ~The member 86 Bloomingdale pf (7). 2% Int Agricultural. tensive. United Pruit stock, however, from the fifth dtsutvct on cvuvmfitdg\;g;- ég% gnhxkAl‘n;r;\l; 5:1%- 44 Int Agricul pf (7). was depressed. Eanccllation Bz;f the | ness conditions is James W. v, on Am . 145% Int Bus Mach (n6). Morgan loan by the new Spanish gov- | vice president, First National Bank, 1% Booth Fisherles..... 41% Int Cement (4). ernment was reflected in a drop of Ba.mx:cre. 67' Borden Co (k3) 9 1% Int Combustion. . about 15 cent in the peseta, but it went | ttending from Washington, in ad- 20% Borg, Warner (1).... 47% Int Harvester (2)).. only down to around its low level of | Mfr Fleming, are A. M. Nevius, 16% briggs Mfg (11%)... 131 Int Harvester pf (7). early in the year. :’,,‘é‘é’“p‘.‘;m}m O ws, end Joahus N E:?;:w‘;:nll!'gt:r’k e 3 21% Int Hydro El A (e2). c -3 e 5 9 Int Merc Marine (2), Evans, fr, president, S an (S0 85% BKlyn Man e ot (8). 13% Tnt Nickel (6065 1 a1 v resident % 103 yn Union Gas (5) 31 Int Paper pf (7). B(anuk,. l{ir::;zgnMflm-“Vf.gu‘ Co.,| 35% 82% BrownShoe (3). 2% Int Paper & Pow on his way back from the A B. A| g4 25 Bucyrus v pf 5%% Tnt Rys Cont A ot council meeting lt‘M‘a;\:s‘xaem’& the | 113% 111% Bucyruspt (7)...... 34 IntSalt(3)..... # }‘eg‘:}ifi.fiinvé?élf;‘ V;:ugm Bank & 3 8% Budd Wheel (1)..... 18% Int Tel & Tel (2). ’ 23 11% Bullard C .o - 14% Inter Dept Strs (2) Trust Co., will attend the third day's| 75y 10% Bulova Watch 1%). 12 Xnte;typs Cor:(l) sessions. Among the speakers 8t t%0-| 10 31 BurnsBrosB....... 5 Investors Equity morrow’s session will be Craig B. Hazel-| gpy . 21' Burroughs A M t1%. % wood, former president of the American| 31 214 Bush Terminal (23) ‘:g:. ‘;;:rl X{“ “1:!“0! Bankers' Association. 104 5215 Johns-Manville 100% Bush Term deb (7). .170: 119% Tones & TaarvET Insurance Off 12 Per Cent. $ 1% Butte Copper & Zinc. < : 1 Butte & Superior.... Ci it i3 i New life insurance written in Wash- 13% Butterick Co. Kans City Sou pf (4) ington in March was off 12 per cent 375 Byers (A M), Kayser (J) & Co (1)« tmrr‘r:5 ;—he ”fl;&i‘;“’;’ufi?&.&“s& 97% Byers (A M) pf (7).. 11" Kell.);;szxrlnx 'l;lzr)- rom - . 2 ayes For the United States as & whole are R (D). s 8% Kelvinator Corp. down 18 per cent. 36% Calumet & Arizona.. o0 ReanRT! Cb ot (6} Every State in the Union showed a . 8 Calumet & Hecla 2 22'% Kennecott Cop (2). Joss compared with March 1930, with 11% Camp WEE By (1), 33 Kinney (GR)Co pf. the exception of Wyoming which gained S cHlipaAn) % Kolster Radlo 6 nt. Delaware came next with e ' Kolster Radlo ctf} & Joss of but 2 per cent while Connecti- R e - 25 Kresge (SS) Co 1.60. 5k of any of the States, new nsurance ot sy ek 18 Kroger Groc&Bak(1) 20 being down 41 per cent from March, 24 Cavanaugh-Dobb: 0 C . naugh-Dobbs 774 Lambert Co (8) 1930. 11 Celanese Corp. - 4'3 Celotex vicctfs..... 4% Leh Valley Coal. Florida and Georgia wereoff 10percent, 213 Century Rib Mills. 18 Leh Val Coal pf (3).. Virginia 15, Maryland 15, North Caro- 21 Gerro de Pasco(1.50) 54 Lehman Corp (3) lina 20, South Carolina 21 and West 2% Certain-teed Prod 11% Lib Ow Ford Glass Virginia 36 per cent. Today’s report 11% Checker Cab Mfg. 83 Lizg & Myers B (15). also stated that the volume of life in- 3915 Ches & Oh10 (23%)... 2314 Lima Locomot (m2)« surance sold in the first Guarter of 28% Link Belt (2.40)..... 1931 was also considerably under that 37% Liquid Carbonic (3)a of the same quarter in 1930. It should 451 Loew's Inc (3) be recalled, however, that the people of 86 Loew's Incpf (6%). the United States purchased the largest 2% Loft Inc amount of life insurance March, 11% Loriliard (F) Co. . 1930, ever taken out in a single menth. 90% Lorillard (P) pf (7). The Research Bureau estimates that LouG&EA (%).. in spite of the depression in almost Louis & Nash (7) every branch of industry, peopie in the Ludlum Steel United States are purchasing $30,000,- 19 MeAnd & ance on every working ld. Ass'n o - AN R A ANANS LD AN AR AR B R proved properties in the Na- tion’s Capital, and have the further backing of our re- sources of over $3,000,000. Every six months a guar- anteed income at the rate of 6% per annum will be received. Denominations as low as $100 Monthly Payments If Desired REALESTATE MORTGAGE & GUARARTY CORPORATION 1610 K St. N.W. National 1403 SILK FUTURES MARKET. 3 NEW YORK, April 20 (CP.A).—| Trading in raw silk futures was very quiet today, operators being unwilling either to buy or sell at present levels. The nearby positions were up 1 or 2 | cents, while the distant months de-| clined a cent to register new low levels | in September, October and November at | 2.28. The Japanese markets were ir-| regular, with declines outnumbering | advances. Yokohama was up 7 to oft 9 points, Kobe off 13 to up 2 and the outside market off 10. The estimate of | Spring eggs from Japan showed a de- crease of 5 per cent over last year. HOMES ARE THE BASIS OF SECURITY for many of our SILVER QUOTATIONS. NEW YORK, April 20 (#)—Bar silver quiet and % lower at 287, following the decline in London. 2] 6% FIRST MORTGAGES —because they represent one of the highest types of safe in- Behind them is the inherent pride of ownership- which adds sentiment to con- servative appraisement. Columbia Building Association 716 11th St. N.W. Under Government Supervision Pays 5% Let Us Refinance Your Maturing Real Estate Loan Over a Third vestment. of a Compounded ) Century Semi-Annually Without a 5% Chi M1l St P & Pac Loss #% Chi MiIStP& P pf.. 33 Chi & Northwest (4), & NW DE (1) May be purchased in amounts from $250 up. 34 34 106% 107 g B 8 1& Pacific (5)~ il 8 1& Pac pt (7). 1 Chi Yellow Cab (3).. 10'%4 Chickasha Cotton Oil Childs Co (2.40)..... 15% Chrysler Corp (1)... 34u City Ice&Fuel (3.60) City Ice & F pf (63) 180 Cocoa-Cola (17%). .. Collins & Atkman. .. Colo Fuel & Iron (1) Colo & Sou 18t pf (4) b No Commissions Charged 22 Years' Successful Business Without the Loss of a Dime B Y O RTHS PO PO SO e 34 McCrory Stores A(2) 20% McIntyre Porc M (1 71% McKeespt Tin P(15). 11% McKesson & Rob /1) 31 McKes&Rob pf(3%). 150 148% 5 7 McLellan Stores. 3 1% 12% 12n 34% Mack Trucks (3) 154 17% £3 Macy(R H)&Co(n3). 108 5 55 19 Magma Copper (2) Col Gas & E1 (2).... 52 36 2 Mallison & Co....... Col Gas & El pt A (6) 7 32 Man Elev mod g (d6) Col Graphoph (A% ). 5 7% Manhat Shirt (1).... Columb Carbon (5).. 1% slaracaibo Oil Exp.. 7 Comel Credit (2).... 19% Marine M1 (1.20)... 7614 Comel Cred 18t (63%) 23 Marlin-Rockwell (2) 26 Comm Inv Trust (2). 2% Martin Parry - & Elec- 14’3 Comm Solvents (1).. 2314 Mathieson Al 2) Wash- % Cmwith & Sou (60c). 28% May Dept Strs (234). 91% Cmwlth & Sou pf (6) 28 Melville Shoe (2) ... 67 Congoleum-Nairn. .. 25 Met-Gold f (1.89) 22 Congress Clgars (4). 10% Mexican Seaboard. .. 25% Consol Cigars (5)... T4 Miami Copper... . 54 Consol Cig pr pf 6%. 10% Mid Continent Petm.. 16% Consol Film pf (2).. 20' Midland Steel (3).... 824 Consol Gas N ¥ (4).. 4% Minn Moline Pow. 104% 101% Con Gasof NY pf(6) 41'% M S P & SSM Isd (4). 15% 14% Consol Laundries (1) n Mo Kan & Texas. 84 Consol RRC pf (6).. Missour! Pacific. . 1 Consol Textile s Missour! Pac pf (5). 15% Cont) Baking A. 10% Mohawk Carpet..... 2 Contl Baking B. 15% Montgomery Ward 47 Contl Can (2% 5015 Morrell & Co (4.40).. 10% Contl Dia Fibre (1) %3 Mother Lode. ... . 41 Contl Insur (2.40 214 Motor Meter G & El.: 2/ Contl Moto! 30 Motor Produets (2).. 417,000,000 to 5.209,000,000—while | 12 & Contl Ofl of Del. 147 Motor Wheel 1%)... those of member banks decreased by | 5 ContShares. 8% Mullins Mfg. ... $1,074.000,000 to the level of $34,860,- 72% Corn Prod (13%). Mullins Mfg pf (7) 000,000 1467% Corn Prod pf (7). Murray Corp Stocks of Autos Abroad. Pl e i S e b A survey ol stocks of automobiles in | B 4 Crown Zellerback foreign countries made by the Depart- | 45 Crucible Steel....... ment of Commerce shows that in the | 91 Cructble Steel of (1) leading markets for American-made | 1% Cuba Cane Prod..... cars stocks of low-priced cars are gen 41 wdahy Packing (4). erally normal, while supply of hig ¥8 Curtis Publish (+7). priced and used cars were generally 118% Curtis Publish pt (1) higher on March 31. The survey indi- | 2% Curtiss Wright Corp cates that stocks of trucks and busses | 374 Curtiss Wr Corp A. range from normal in most instances to | 27 high. = B.. F. SAUL. CO. National 2100 925 15th St. N.W. » strength o Sl 1S FOR and closed THERE NO SAFET » be $1,000 selling 2 " a $3.000 sale at 79 Mergenthaler Linotype re on Railwa t at 98%; stock sold at 119 fo ite a bit under the la: ered 81!, tric preferred came o ington Ga: » Avoid Renewing Your Real Estate Loan Bank Loans in Decrease. rve Board reported s f all ccreased by $1.381.000, 000, reiectir ase of $1,580,000,- 000 in loans and an increase of $199.- nt The decrease C V E SHOULD like to offer our facilities for the placing of your in- vestment funds . . . For more than forty years the H. L. Rust Company has been making first trust loans on im- proved properties in the District of Columbia and adjacent Maryland Sub- urbs. Investors have found the notes SAFE in the abundance of the security —CONVENIENT in their denomina- tions—PROFITABLE in the highest interest yield consistent with a conservative investment. 2 ber banks $769,000,000 ending 1930 as 2 whole stments of all banks decreased by $2,208,000,000—from $58.- | The Metropolitan Life Insur- ance Company Real Estate Loan Plan enables the home-owner to make small installment pay- ments for fifteen years. the loans and o g 05 O SR N R P 0 0 IO B U e e BN i O 73% Nat Biscuit (2.80). 27 Nat Cash Register A. 38% Nat Dairy (2.60) 4% Nat Dept Store 19% Nat Dist Prod (2). By so doing you eliminate the costs and worry incidental to periodic renewals. © K7 87 116% 116% 1168 4 % Nat Pow & Lt (1). Nat Steel (2) Nat Supply pf (7). Nat Surety (5) Cutler Hammer 5 . 27" 20% Deere & Co pf (1.40). 22 81, Del Lacka & Wn (4). 9 6 102'% Devoe & R 18t pf (1) 102% 102% 109 | 147 Diamond Match..... 2 18% 18% 24% Dlamond Mtch of 1% 25T 26 | 87 Dome Mines (1)..... 11 14% Domn Stores (1.20) 21 | 61% Drug Corp (4)...... 7314 83% Dupont de Nem (4).. 8844 143% Eastman Kodak (18) 156% 128% Eastman Kod pf (6).140s 134% 13% Eaton Axle (1.60)... 16% 3y Eftington-Schild, 35% Eitington-Schild pf. 50% Elec Auto Lite (R).. 384 Elec Pwr & Lt ( 50% Elec Stor Bat (5) 42 106 Construction Loans in Any Amount FIRST MORTGAGE NOTES 6% H. L. Rust Company 1001 15th Street Nat’l. 8100 TOURIST TRAVEL RECORD. | By the Associated Press. ‘Tourist travel between Canada and the United States reached record pro- portions in 1930, despite unfavorable economic conditions in each. Statistics of the Dominion govern- ment’s ister of automobile permits show 900,000 more foreign cars entered Canada for touring than in 1929, Cars leaving Canada for United States visits increased 12 7,000. In the Canada-bound traffic, 5,409,000 CONSULT EAVER AEAToRS D Loan Correspondent Life Insurance Company N Y Central (6). NYChi&StL (6 6% N Y Investor: 2% NYNH& 8___ 5% NYOnt& W T07% 100 N Y Steam pf (6). 117% 111 N Y Steam 1st pf ( 93 89% Norf & West pf (4).. 11 4% North Am Aviation.. 90% 62 Nor Am (b10% stk). 53 North Amer pf ( 102 North Am Ed pt s pabu B e 157% 152% 134% 133% 16% 16% District 9486