Evening Star Newspaper, April 22, 1931, Page 13

wu% A_fi The COMMERCIAL NATIONAL BANK 14th and G Streets Banking in All of Its Phases Columbia Building Association 716 11th St. N.W. FINANCIAL., APRIL 22, 1931 FINANCIAL. BUSINESS OUTLODK || NEW YORK STOCK EXCHANGE ' DECLARED BETTER Conditions Here and Abroad ' 14% 7 Abitibl Pow & Paper. 4 | 4 67 7 815 87 Curtiss Wr Corp A. i 5% Show Recovery Signs, R 25 20 2% 20 | 417 21 Cutler Hammer. 264 27 cific preferred made a new low. The selling at this stage was more obviously professional in origin, attempts to catch G STAR, WASHINGTON, D. C, WEDNESDAY, stop loss orders and to induce liquida- tion. The market was weak, but volume did not increase and there were signs of better buying. (Copyright, 1931) SCHULTE-UNITED, INC., No Change Noted in Charac-| AND MILLER’S BANKRUPT %t of Tradings Expoctancy’ | KEWCSORE, Rot 38 (o First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. ~Prev. 1931~ High. Low. 5% 8 48% 41 Stock and Dividend Rate. Bales— Add 00. High. Low. Cuban-Amer Sugar.. 1 4% 4% Cudahy Packing (4). 1 4415 4¢ ° 100 87 Curtis Publish (7). 1 89 89 118% 113% Curtis Publish pf (7) 1 115% 115% Note—All stock are sold in one hundred share lots excepting those designated by the letter s (80s) (250s), which shows those stocks were sold in odd lots. Individual sales compiled to noon—complete in 5:30 Edition. ~Prev. 1931 Stock and™ Sales— Prev. 87 116% ’ Economists Assert. BY EDWARD C. STONE. Some major lines of business in this country are showing unmistakable signs of recovery and the outlook is gro ing better, in the opinion of the Bankers' Magazine, just pub- lished for April The fall in whole- sale prices seems to have been arrested and bank and com- mercial failures are declining, the mag- azine adds. It is true that the Treasury situation, owing to & huge in- crease in_expendi- tures and dimin- £ ished revenues, is not favorable, but with a revival in business this diffi- culty will be less formidable than it now appears 7 The Bankers' Magazine also considers the recent naval accord reached between Prance and Italy as of very great im- portance. The lack of agreement be- tween these two countries has long been a disturbing factor in the economic re- lations of the world, the controversy even threatening to_break into open hostility. Happily, this threat is now Temoved. Another favorable factor of great importance is the reconcilment of Gifferences between Great Britain and India. The magazine adds: “The resumption of international lending on a large scale undoubtedly constitutes one of the essentials to the Teturn of more prosperous conditions. Such lending has greatly declined, not because of lack of funds available for safe and profitable employment. but be- cause—as pointed out by & leading Lon- don economist—of the non-existence of worthy borrowers. Confidence in Euro- peon loans could hardly be expected while relations between France and Italy were in a constant state of ten- sion. Such of these countries as may desire to borrow may now approach the international money market with greater confidence of having their requirements France, with an enormous gold Teserve, is in_an especially favorable position to make foreign loans.” iss Woodcock Contest Winner. Miss Mildred C. Woodcock of the American Security & Trust Co. will Yepresent Washington Chapter, Ameri- can Institute of Banking, in the sec- tional public-speaking contest at Lan- caster, Pa, May 6, competing with contestants from Delaware, Marylan New Jersey, North Carolina, Penns vania, Virginia and West Virginia. Miss Woodcock won the recent con- test held by Washington Chapter, in which 10 contestants were entered. A. Wallace Schreiner and H. K. Kimball received honorable mention. If Miss ‘Woodcock captures the honors at Lan- caster, she will go to Pittsburgh in June and compete in the contest at the na- tional convention for $500, $300, $200 and $100 in prizes. Miss Woodcock joined the staff of the American Security & Trust Co. in March, 1920, and enrolled in the insti- tute in September of the same year. She received a standard certificate in 1923 and since that time has completed a graduate course in the analysis of financial statements. She has been chairmanr of the Women's Committee of the institute during the past two years, but it is her talent in public speaking that has caused the surprise of the season in junior banking circles, especially among the male orators. Loans and Investments Higher. The Federal Reserve Board's condi- tion statement of weekly Treporting ‘member banks in leading cities on April 15 shows increases for the week of $129,000,000 in holdings of Government securities and of $92,000,000 in Govern- ment deposits; also $46,000,000 in loans, $133,000,000 in net demand deposits and $31,000,000 in time deposits. Total loans and investments, partly as a re- sult of Treasury operations, increased $206,000,000. Loans on securities increased $61,- 000,000 at reporting banks in Chicago district, $8,000,000 in the New York district and $48.000,000 at all reporting banks, and declined $11,000.000 in the Cleveland district. 'All other” loans increased $15,000,000 in the New York district, and declined $11,000,000 in the Boston -district and $2,000,000 at all re- porting banks. Coast Line Issues Report. The Atlantic Coast Line Railroad Co. has issued its pamphlet report for year ended December 31, 1930. Total assets on December 31, last, were $388,528,551, comparing with $390,437,426 on Decem- ber 31, 1929, and profit and loss surplus $95,678.169, against $97,631,217. Cur- rent assets were $28.997738 and cur- rent liabilities $11,186,834, as contrasted with $32,070,347 and $11,430,460, re- spectively, at close of 1929 Income account for year 1930 shows net income of $6,254,591 after taxes and charges, the same as reported in pre- liminary statement is _equivalent after 5 per cent preferrcd dividends to 8 a share on 823,427 shares of com- n stock. This compares with $11.- 7 or $1446 a = in previous Mildred C. Woodcock Capital Traction Stronger. pital Traction stock was stronger on the Washington Stock Exchange to- all sales being made at om yesterday's close. T lots and totaled 108 shares. mac Electric preferred moved at while the 5% t 110 Power 6 per cent and 113, ferred came wotype figured shares Trust Co. stock came out at 10 more sold at 335. Bond confined to Washington lectric 4s, priced at 89 Washington Gas Light being quoted ex-dividend. stock is now Heard in Financial District. A. Chester Club this chairman of the ! or the com- Bal omas J. Groom, tainment committee ing convention of the District Association, had a meetin, C tee at the University Club last eve- ning { E. H. Rollins & Sons are members of the syndicate offering cf $2,600,000 Berks County, Pa., 33 per cent bonds “They are priced to yield 2.50 to 3.50 per | according to maturity i juarterly meeting of the board | of directors of the Acacia Mutual Life | Associaticn was held at the home office | here today. { At the meeting of the directors of | Atlantic Coast Line Railroad held in! Richmond, Va.. the question of divi- | ction did mot come befcre the | The dividend “for the first half ) the year is not payable until July 10 and action thereon will be taken at & subsequent meeting. 1 Reservations are coming in rapidly the Spring meeting of the District cers’ Asscciation to be held at the Columbia Country Club. A capacity attendance is practically assured. TREASURY STATEMENT. Treasury receipts for April 20 were $0.118.946 51, expenditures $44,395,170.24, balance $476,662,022.14 - Customs receipts for the month to fhe close of husiness April 20 were $22,- 468,327.63, 1101 91 2314 ) 16% Adams Eep (1.60) 2314/ 20% Addressogr Co 1.40. . 11% §% Adv Rumley (new).. 109% 85' Air Reduction (t4%4) 10% 5% Air Way Elec Appl. . 15% 7 Alaska Juneau (40c) 12% T8% AllegE COrp..ccceceee 501 34% Allez Cp $30 ww 634 . 182% 130% Allled Ch & Dye (n6) 122 Allfed Ch & D of (7). 30 Allis Chalmbers (2) ., 125% Alpha Port Cemt (1), 1 Amal Leatner. .. 17% Amerada Corp (2)... 17 Am Agri Ch of Del. .. 54 Am Bank Note (13). b % Am Br Shoe (2.40) 12% 7% Am Brown Bov Elec. 129% 1077, Amg Can (15). 28% 25 Am Car & Fdry (3).. 43% 2415 Am Chain2). . 488 '4 Am Chicle (t3) 145 7 Am Comel Alcohol 334 19 Am European Secur. B1% 26% Am & For Power.... 90 74 Am & For Pw pf (8). 7915 594 Am & For Pow 2d pf. 10% 615 Am HawallanSS.... 8 1% Am Hide & Leather., 64 47% Am Home Pr (4.20). 31% 26 17 Am International... 6 Am La Fr & Foam pf130s 20% Am Locamotive (2).. 1 31 Am Mch & Fdy 1.40.. 22 314 Am Mach & Metals.. 2 3% Am Mach & Met ctfs. 13% Am Nat Gas pf. 45 Am Pow & Lt (1) 80 AmP&Lpt A st (5) 15' Am Rad & St San (1) 614 Am Republics. 261, Am Rolling Mill 50% Am Safety Razor (5) 3, Am Ship & Com. .... 4015 Am Sm & Ref (4). 129 Am Sm & Ref pf (1) 105 Am Snuff pf (6). 1% Am Solv & Chem. ... 41 Am Solv & Chem pf. 18% Am Steel Fdy (3). 3 110 Am Steel Fdy pf (7). 60s 37 Am Stores (1233)... 42% Am Sugar Ref (5)... 7l Am Sumatra Tob. 1764 Am Tel & Tel (9) 104 Am Tobacgo (16). % 104% Am Tobacco B (16).. 124% Am Tobacco pf (6).. 53% Am Water Wks (3).. Am Wat W 1st pf (6) Am Woolen 4 Am Woolen pf. 41% Am Zino Lead & Sm.. 29% Anaconda Cop (1%).. 15 22 Anaconda W &C (1). 26% Anchor Cap (2.40)... 10 Archer Danfels Mid. 101 Archer-Dan pf (7)... 40 381 Armour of Del pt (7) 2 Armourof I A. 1% Armourof Il B... 16 Armour o Il pf. 3% Arnold Constable 7% Asso Apparel (+ 21% Asso Dry G (2%). 85 AssoDG1stpf (5).. 167 Atch To & S Fe (10) 102% Atch To&S Fe pf (5), 924 Atl Coast Line (110, 30 AtlGulf & West Ind. 45% AtUIGuIL&WIpt(5) 5 15% Atlantic Refining (1) 21 40% Atlas Powder (4). 6 £% Atlas Stores (nl)..., 1 101% Auburn Auto (£4)... 62 3 Aviation Corpaf Dal 4 181 Baldwin Loco (1%).. 59 8815 Baldwin Loco pf (7). 2 65% Balto & Ohlo (5) . 25 721 Balto & Ohio pt (4).. 1 101% Bamberger pf (6%). 408 5614 Bang & Aroos (3%).. 2 108 Bang & Aroos pf (7). 50s 13 Barnet Leather. . 9% Barnsdall (A) (1). 2315 Bayuk Cigar (3).. 8714 Bayuk Cig 1st pf (7). 65 Beatrice Cream (4).. 78 Bel N Ry pt pf 15.51.. 16% Bendix Aviation (1). 323 Best&Co (2)....... 45% Bethlehem Steel (6). 105 114% Bethlehem St pf (7). 2215 Blaw-Knox (1%).... 20% Bohn Alum & Br1%. 67% Borden Co (k3). . 20% Borg. Warner (1). 16% briggs Mfg (11%) 161 Briggs & Strat (2) 2 Brockway Mot Trk. 13 Brockway Mot pf 58% Bklyn-Man Tr (4)... 85% Bkiyn Man Tr pf (6). 8 Bklyn & Queens..... 52 Bklyn& QuT pf (5). 129% 103 Bklyn Union Gas (5) 15 9 Bruns-Balk-Col. 93 5% Bruns Ter & Ry S. 20% 14% Bucyrus (1)........ 25 EBucyruscv pf (2%). 4 ‘Budd (EG) Mfg. 8% Budd Wheel (1)..... 11% Bullard Co. ... o 10% Bulova Watch (1%4). 22 Burns Broscum pf.. 10s 21% Burroughs A M t1%. 7 18 Bush Terminal (2%) 4 9315 Bush Term deb (7).,130 108% Bush T BIg pf (7).. 1 1% Butte Copper & Zinc. 12% Butterick Co. 3 Byers (A M). Calif Packing (2) 36t Calumet & Arizona.. % Calumet & Hecla 11% Camp W&C Fy(1). 400 29% C 45% 37 16 131% N oA B T T O L L L= AL LTI 1009 P e P lotex Co.... 4'3 Celotex vtc ctf: % Celotex Copt. .. Century Rib Mills. Cerro de Pasco(1.50) 7% 2% Certain-teed Prod. 28% 11 Checker Cab Mfg. 46% 39% Ches & Ohio (23)... 541 40 Chesapeake Corp (3) 3 Chi & Alton pf.. 19% Chi Great West pf. 4 Chi M1l St P & Pac. #% Chi Mil St P& P ptf.. 33 Chi & Northwest (4). 103 Chi&N W pt (7). 915 Chi Pneu Tool. . . « Chi R 1& Pacific (5). ChiRI&P pL(6)... Chi R 1& Pac pt (7). 23% Childs Co (2.40). 15% Chrysler Corp (1 2'3 City Stores 106 cC1CC 142% Cocoa-Cola (17%) 12 50 Coca-Cola A (3). 46% Colgate-Pal-P (234). 9 Collin: . 5 16 s © B4 EipfA6) 7 IpfB (5).. 1 phoph (8% ). 25 ‘olumb Carbon (5). 11 ‘omel Credit (2).... 2 Jomel Credit A (3).. 2 Comiel Cred pf (1%).100s 1'3 Comel Cred of B ( 1708 26 Comm inv Trust « 4% Comcl InvTr war 21% 14'% Comm Solvents (1) 12 % Cmwith & Sou (60c). 1 100% 91% Cmwlith & Sou pf (6) 12% 6% Congoleum-Nairn f0% 22 Congress Cigars ( 3714 2% Consol Cigars (5) 16 7% Consolidated Film. 18% 15% Consol Ffim pt (2).. 109% 82 Consol Gas N ¥ (4). 104% 101% Con Gas of NY nt(5) 15 14 Consol Laundries (1) 1% %4 Consol Textile. By 5 Container Corp (A 3 15% Contl Baking A...... 3 1% Container B........ 7714 5814 Contl Baking pf (8) 62% 47 ContlCan(2%)..... 16% 10% Contl Dia Fibre (1) 51 41 Contl Insur (2.00). 2+ Contl Motors 7% Contl Ol of De! 5 Cont Shares. . 70% 70% Corn Prod (t3%4) 18 B COLTROR: . 5o s Fonnss 34% 27 Cream of Wht (12% 34% 31% Crown C&P pf (2.70) 64 63 5 106 91 . 2% 90 €8 39% 3 116% 25 23 4614 Ti4 26% 344 /4 59 6% 61 59% 274 17% 6% 20 35% A% 3k 1214 45% 8314 16 614 StLpf(5).. 308 1 23 3 47 25% 919 65 48% 116% 54% 12% 56 814 9% 685 14%4 2614 26 3% £9 8 4% 26 4% 26 182 71 1% 9% 9%, 34 4% 15 5% 101 4% 5% 11 ) 9344 264 1034 17 i) 43% 106% 13% 131% 68 10214 4% 24% B4 144% 6115 bl 12% B3k 118% 7% 143% 4 Firest T & R pf (6) 1 Davison Chemical Drlaware & Hud (9). Del Lacka & Wn (4). Devoe & R 1st pf (7). Diamond Match. .. Diamond Mtch pf 1% Dome Mines (1)..... Domn Stores (1. Drug Corp (4), Dunhill Internat. Duplan Silk (1) Dupont de Nem (4) Du P de N deb pf (6). Eastern Roll Mills. .. Eastman Kodak (18) Eaton Axle (1.60). .., Eitington-Schild pf.. Elec Auto Lite (8)..; Elec BoAt...cc0eeeer Elec Pwr & Lt (1). lec Pow & Lt pf (6, c Stor Bat (5). k Horn Coal pf. dicott-John pt (7) 5 Pub Sv (2.40). & Pub Sv pt (5). g Pub Sv pf (5%), Office Bldg (2% ). 4). .0 reka Vac Cleaner. ans Auto Products change Buf (1%). "airbnks Morse 1.60. "ashlon P ® - peR=SpnBe tRrrREranIsann v r P <} -~ 3 & BT o e IR Fed Wat Sv A (2.40), Federated Dept Strs. Fid Ph Fire In (2.60) First Nat Strs (2%). k Rubber. .. Fisk Rubber 1st pf, .’ Follansbee Bros. Foster Wheeler (2) Foundation Co. Fourth Nat In Fox Film A (4). Freeport-Texas (3).. 42 Gamewell Co (5).. Gen Am Investors 6 Gen Am Tank Car 2 Gen Asphalt (3) General Baking Ct Gen Bronze. ... Gen Cable pf (7). Gen Cigar (4). Gen Clgar pf (7). Gen Elec (1.60). ... Gen Elec spec (60c). Gen Focd Corp (3) .. Gen G & El A (e30c). Gen € & Elcv pt (6). Gen Motors (3).. Gen Motors pf (5)... Gen Outdoor Adv. Gen Out Adv A (4). 2 Gen Pt Ink (234)...1808 Gen Pub Sv b6% stk. 5 Gen Ry Slgnal (5). 3 n Realty & Util n Refractories (4) 3 ST T » 2 4 Gen Theater Equip.. 100 8915 Gillette Saf Rasor... Gillette Saf R pf (6). Gimbel Bros. ....... Glidden Co...... Glidden pr pf (7). Gobel (Adolf) Gold Dust (2% Goodrich (B F). Joodrich B F pf (7). odvear Tire&R (3) tham Silk Hoslery Gotham S H pt (7). -aham-Paige iranby Consol Grand Si1 Strs (h1) = and Unfon....... Grand Union pf (3) Grant (W T) (1). Grt North pf (5). Grigsby Grunow. Gulf States Steel. . Gulf St Stl 1st of (1) Hackensack W (1%) Hahn Dept Stores. . Ham Watch (1. . Hamilton W pt (8). Hanna pt (1).... Harb Walk Ref (2)., Hartman Corp (A) Hartman Corp (B).. Hawailan Pineap (2) Hayes Body. . Hercules Powd (3). Hershey Choc (5). .. Hersh Choe pf (5) Hollander Sons. Houdaille Hersh, Houston Ofl........ Houston Of1 (new}. Howe Sound (3) Hudson Motor (1) Hupp Motors. . § Tllinots Central (T) 3 3284 127% 5% 6% 24 Illinofs Cent LL (4) Indian Motor Cycle. . Ind Motor Cycle pf. Indian Refining. Indust Rayon (4)..e Ingersoll Rand (16) Inland Steel (4)... Inspiration Copper. Insuranshar Del 40c. Insur Shrs Md(40c).. Interb Rap Transit.. Intercont Rubber. .. Interlake Iron (60c). {nt Agricultural.... zricul p(7) s Mach (n6).. rriers (37%¢). ment (4). Int Combustion. . Int Harvester (2%).. Int Harvester pf (7). Int Hydro El A (e2). Int Match pf (4).... Int Nickel (60c) 4 Int Paper pf (7) Int Paper & Pow C.. Int Pap & P pf (7). Int Printing Ink. ... Int Print Ink pf (6) Int Salt (3) Int Shoe (3) Int Tel & Tel (2). Inter Dept Strs (2) Investors E 4 Jewel Tea (4). 9014 8% 81% 11 19 76 20% 714 1% 31 B4% 83 Johns-Manville (3) Jones & Laug pf (7). Jordan Motor Car. . 1) & Co (1), pring Tire. prT 6% pf.. rT 89 pf. Kelsey Hayes (2).. Ivinator Corp. 11 Co pt (6) cott Cop (2). SS) pf (1) Kresze Dept Stores. Kresge Dept St pf. Kress (SH) Co ()., Kreuger & T (a1.60). 40 Kroger Groc&Bak(1) 48 Lambert Co ($7..00s 5 ne Bryant (1). 1 h Port Cmt (1) 2 Leh Valley Coal. . 2 Leh Val Coal pf (3) alley (23). Lehman Corp (3) Lehn & Fink (3). 2 Lib Ow Ford Glass.. 10 Liggett & Myer (15). 1 Lizg & Myers B (15) 5 Lig & Myer pf (7)... 1 Lima Locomot (m2). 7 Liquid Carbonic (3). 11 Loew's Ine (3) . 40 Loew’s Inc pf (6% 1 Loft Inc 24 Loose-Wiles (12.80). 10 Lorillard (F) Co.... 57 Lorillard (P) pf (T)« Louisiana OIl. . LouG&EA (1 Louls & Nash (7) Ludlum Steal....ce Ludlum Steel pf..... MeAnd & Forbes (2). McCrory pf (6). Melntyre Porc M (1) McKeespt Tin P(15). McKesson & Rob (1) McKes&Rob pf(3%) Mack Trucks (3).... Macy (R H)&Co(n3). 1087 43% 1017% 3614 100 90 10114 9 421 140% 26 613 15% 2634 109% 5% 321 46 24% 29 80 10% 1 217 1415 131% 6 8 103% 17% 25% 10% 21 % 6% 1214 84 122 P 15274 13! 55 48 274 prin 95% 55 15, 10314 41 86 90 29 24% 32 68 7% 5tk 187 19% 4214 11% 52% 5% 6614 39%, 101% Rty 19% 20 26 100 90 32 35 40 4% 43 95 1011 14% 6 431 9% 21ia 16% ™ 56% % 9 40% 2% 48 1407% 25 607 15% 26% 109 5% 3214 100 3% 291 82 127 36% 19% 90 24 8814 11% 31 33% 10314 42 86 90 29% 24'% 32 68 187 19% 16 15 133 68% 102% 18% 25% 11% 21% 2% 1 dustry, | Joseph 1 Weller of Rally Increases. BY GEORGE T. HUGHES, Special Dispatch to The Star. " NEW YORK, April 22—Still lower prices for leading stocks were recorded in today’s market. There was no changegin the character of the trading and there was no change in sentiment, except perhaps an increasing expect- ancy of a rally. In the first hour new lows for the bear market were made by United States Steel and by New York Central. Steel sold at the lowest since 1927 and Central at the lowest since 1924, It would have been surprising if lesser stocks had not followed suit. The steel trade reviews, while putting the best construction on the news of the in- were interpreted bearishly by | the trading element. In effect they | expressed the opinion that the im-| provement which has now come to & | halt was only seasonal. | Scant comfort was gleaned from the railway earnings statements for Mareh. | Those to hand revealed a lower per- | centage decline from the same month a year ago than was the case in Jan-| uary and February, but that was all. 1t was difficult to arouse enthusiasm' over the increase of 9,423 in car load- ings on the week when the total was 382 under the same week a year New lows were made by Atchison, New Haven and ago. Baltimore & Ohio, Southern Pacific, among others. At-| lantic Coast Line took another rase| dive, althcugh there was no reason to expect dividend action at Tuesdas's meeting. Union Pacific went down to the lowest for the bear market, not on | its own earnings so much as in antici- | pation of a dividend cut by Illinois Central, in which Union Pacific has so large an interest. | The oil stocks were still friendless The steady piling up of stocks of crude | oil and of gasoline in a time of declin- | ing prices is sure to be represented in severe inventory losses, some of which | will be made public in the quarterly| statements. Among the new lows today | were those of Standard Oil of New Jer- | sey, Standard of New York, Texas Cor- | poration and Royal Dutch. Weakness in Shell Union bonds brought some | selling into Royal Dutch. | The utilities made a poor showing, | contrary to their custom. Losses wer not large, but there was a stead: stream of offerings. How much of th selling was for short account it is im- | possible to say. Many authcrities be- lieve the short interest has been greatly | overestimated, but in any case there | was today, as there had been earlicr | in the decline, a scattering of discour- | aged liquidation. Dividend cuts, actuel | and prospective, have created real con- | cern among the actual holders of stocis | who see their_income reduced and are inclined to shift their holdings. | Miscellanecous industrials, with the | notable exception of the tobaccos, suf- fered with the rest of the list. Even | the food stocks sold off, with new low in Corn Products and National Biscuit. | American Tcbacco shares were strong | at intervals. Allied Chemical rallied | temporarily, and here and. there an | oversbld position developed, but there | was no indication of a change in the | trend. i The motor stocks came under fire in the afternoon. General Motors broke to a new low on the reaction and Chrysler | came down. S. Steel, after raliying a point or so, had another dip to the lowest of the movement. Air pockets | developed in various parts of the list Atlantic Gulf & West Indies droppe 4 points from the last sale and Inter- national Cement, following reports of a price.war in the industry, turned dc“n-I ward. In the railroad list Missouri Pa- Money to Loan | Secured by first deed of trust on real estate. Trevailing_interest and commission. 420 Wash. Blde.. 9th & REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD Applications _invited on hizh-class apartments and dwellings. and_particu. farly on well located businiess properties, for . 5 or 10 years, if so desired. 1520 K'St. N-W. National 0475 First Trust Money A able at Prevailing Rates. | Prompt Consideration of Your Appliieation. | | | A. C. Houghton & Co., Realtors 1516_H_St. N.W. District 3536 D.H. McKnew & Co. 1200 15th St. N.W. Decatur 5660 Investment Securities 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. SQUARE FEET THAT ROUND DOLLARS SAVE ETTING it “down” per foot and get . tion—if problem, it’s solved in the heart of the big business section. And other big advantages — five fast hot, cold and chilled drinking water in every room, two street entrancess Jilet v F WOODWARD elevator: eesThe space to see, the place to be e o o letus show it to you. BU CARL G. Suite 5 Leasing Rep Realtor ules in bankruptcy were filed yesterday by Schulte-United, Inc, and Miller's,| Inc., affiliated concerns, operating chains of stores in 27 States. Schulte-United, Inc., listed Habilities of $19,714,651 and assets of $14,740,439. Bonuses and commissions payable total $441,804, the largest item being $196,000 due Disney Netzberg of Battle Creek, Mich., under that head. Among assets are listed, as due from Schulte-United, Ltd., Canadian affillated | ‘concern, and_Miller’s, Inc., under one head, sums of $2,808.545. Miller's, Inc., listed liabilities of $2,348,367 and assets of $1.543,669. Of the liabilities the sum of $1439,788 is due to Miller's, Inc, of Delaware, an affiliate, CHICAGO DAIRY MARKET. CHICAGO, April 22 (®)—Butter, 7,088; steady; creamery extras (92- score), 221;; standards (90-score car- lots), 221%; extra firsts (90-91 score), 22a221,; firsts (88-89 score), 21a21'; seconds’ (86-87 score), 20a20%5. Eggs, 26,360; steady; extra firsts, 173:: fresh graded firsts, ‘16%;; fresh current re- celpts, 16; storage packed firsts, 18%; storage packed firsts, 1914, Poultry, alive, two cars, 17 trucks; fow broilers easy; fowls, 21a 4; roosters, 14; turkeys, 25; 21; small, 18] geese, 13. WANTED BOND OR SECURITY MAN with select clientele to assist in placement of small, attrac- tive issue. Liberal commission. Write for appointment, stating qualification. Correspondence confident Box 311-D Star Office SAVINGS Investigate the Advantages of Our LOAN PLAN For any one present propi n offers a Loan Pl many _distinctive We have helped F ds of people with their ncial _problems — perhaps we can help yo Open Daily 9 to § Saturdays Until Noon NAtional 1381 PERMANENT BUILDING ASSOCIATION 949 NINTH ST. UNDER SUPERVISION OF U.S TREASUR) FCUREDHOMES NATIONS CAPITAL You Will Find It Profit- able to Invest in These First Mortgage Securities RUDENT men and women who invest their funds in these high class first’ mortgages have no fear of loss, for these non- fluctuating securities are secured on approved National Capital real te and backed by our over 000,000 resources. Guaranty first mortgages offer tractive. unvarying vield of 6 per cent interest. Denominations as low as $100 Monthly Pa Send for et, REAL ESTATE MORTGAGE & GUARANTY CORPORATION 1610 K St. N.W, National 1403 ments if Desired “The Success Plan” ting it ““‘up” in loca- that’s your office here. Big rooms, Pays 5% Let Us Refinance Your Maturing Real Estate Loan Compounded Semi-Annually No Commissions Charged 22 Years’ Successful Business Without the Loss of a Dime Equitable Co-Operative Bldg. Ass’ Organized 1879 51st YEAR COMPLETED JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secrefary Subscription for the 100th Issue of Stock Being Received | Do You Desire a Loan —on Real Estate or to Take Up First Mortgage? T}IOSE degring 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. i " have plenty funds for loans on improved Real Es« tate in nearby Montgomery Countyy Md., and the District of Columbia for periods of 3, 5 or 10 years, Prompt decisions given applications. 5% INTEREST BOSS and PHELPS Loan Correspondent John Hancock Mutual Life Insurance Co. W anted—H ome-Owners —in the District ;f Columbia and nearby"Maryland and Vir- ginia to discuss with us the many advantages of the Metropolitan ‘Life Insurance Company Real Estate Loan Plan. Its easy payments over a term of fifteen years, together with low interest rates, make it the choice of thousands of people in all parts of the country. Construction Loans in Any Amount WEAYE.B_BBO , REALTORS Washington Building Mortgage Loan Correspondent = Metropolitan Life Insurance Company District 9486 SATPE FIRST MORTGAGES HERE ARE THE TWO ESSENTIALS for an investment—safety of principal, definite and certain interest. These are both fea- tures of our 69, FIRST MORTGAGES L] —and provide an opportunity for worry-free investment, with truly liberal return—that won’t fluctuate to the maturity of the mortgage. Over a Third of a Century Without a Loss ILDING Fifteenth and H Streets, N.W. ROSINSKI Nat. 8040 resentative May be purchased in amounts from $250 up. B B SAuL 6D Na llilnl 925 15th St. N.W. IEI-QE IS NO JBSTITUTE FOR SAFETY