Evening Star Newspaper, May 6, 1931, Page 15

FINANCIALE.' OLANDUTILTIES |[NEW YORK CURB MARKE ARE WEAK ON CURB Share Prices Generally Are i Irregular on Today’s Ex- {44« change Session. BY JOHN A. CRONI “®pecial Dispatch to The Star. NEW YORK, May 6.—International Utilitles and’ Standard Oll Shares were the weakest spots in today's irregular curb exchange session. Electric Bond & Share dipped about & point and American & Foreign Power was off nearly that much. Cities Service was dull and a shade lower. American Gas & Electric rose more than a point. Vacuum and Humble Oil in the Standard oil classification, Brazilian Traction, General Electric, Ltd., and Shawinigan Water in the international utilities, and Newmont Mining in the coppers were outstandingly weak in forenoon trading. Halving of the Vacuum Oil quarterly common dividend, when many . holders believed that as a result of business in the first quarter the lar rate would be maintained, unsettled the entire standard group. Vacuum in the first two hours sold down to 35%, off 3% points and at its lowest quotation since 1919, Humble Oil on a trifling decline hit a new low. Oreole Petroleum, which has just completed arrangements with other operators for unit exploration in Venesuela, lik@wise crashed into new now territory. Although ‘weekly steel trade reviews spoke encouragingly of pipe line pros- pects and even mentioned some orders being awarded to A. O. Smith & Co. that stock eased and was followed downward by Dresser Manufacturing A and B shares. Commenting on reports of probable financing, American Gas & Electric let it be known that it has more than $22,000,000 cash and more than $70,- 000,000 of subsidiary preferred stocl and bonds in its treasury at prices well under present market levels and there- fore could meet any fund demands for expansion without public financing. The break in Newmont Mining came after the trade conceded that consid- erable red metal had changed hands around the 9-cent level, the lowest quo- tation in 35 years. Some of the h-grade ut.flllg pre- nty ‘Thighs. however, was not followed by the ji securities of holding companies nor of investment trusts speclalizing in public + - utilities. American ‘Cyanamid B at times was down almost a point despite the an- Tiouncement that a new joint luhldlm plans a $10,000, of its warrants pro- of new stock on 1, 1940, at $9 a share. (Copyright, 1931 CHICAGO STOCK MARKET By the Associated Press. +Zfollowing the for the or before 283, 5 EERD! ! E!'.'S‘.'-g: oSN B N - & aall! Gt ol a0l E SRS SRS 5k e S8 3 it ) o = #u=.= St (3 LS i LI RO ooy - b5 sz 38 s : u-3E4S LY, 300 Mid W Ut "B W 50 Midland Nat Gas 150 Midland United . 100 Midiand Unit pf 10Mid Ut 6% A pf. 10 Mid Ut 7% A p 13031d vt ‘g% 200 Mid Ut 7% (3 s3838y: W = e %s FEEETY ~ Bankshrs .0 . dio Kk sales today 66,000 shares. BALTIMORE STOCKS. Special Dispateh to The Star. BALTIMORE, May ater & n Trust Co Raflway & Electric ¢ Porte Rican Sugar com. 8 Pidelity & Gu m'"“] nite & Elec ome 4s.. < L 8 TR eatbondld st 123 1000 2000 ‘The Mukden government is now oper- the Peking-Mukden Rallway in Note—All stocks are sold emhx those designated W] shows those stocks were sold in Stock and Sales— Dividend Raf 1% Alleg Gas..... 140% Aluminum Co o Alu Co of Am pf (6). AmCigarCo........ Am Cit PAL B b10%. Am Com P A (b10%) Am Cyanamid B..... Am Dept Stores. 5 6 17 s - 1 Am Gas & Elec ($1).. 10 Am Invest, Ine (B).. Am Laundry Ma (3).326s Am Lt & Trac (2%).. 1 Am Maracaibo. . 7 Am Natural Ga Am Superpow (: Am Superp pf (6)... Am Util&Gen (B)vte Am Yvette Co (25¢). Appalachian Ga: Arkans NatGas A... Assoc El In Ltd 30c., Asso Gas & Electric. Asso Gas&El A (a2).. 12 Assoc Laundries. Atlas Util Corp. Auto Voting Mach. .. Auto Vot M cv pf Dt., Beneflcial IL (1%).. Blue Ridge cv pfas.. Braz Tr & Lt (b8%). BrA T cou B1.17 4-5c. Buft N&EP pf (1.60), % Cable Radlo T vte. 1% Canada Marconi. Carib Syndicate Cent Pub SveA b10% Cent Stat El (b10%) Chat Ph Al n.v. (1) ChiB&QRR (10)... Cittes Service (g30c) 235 Cite CitSyP&Lpt (7).. Claude Neon Lts, Inc Clev Tractor (80c)..: Cohn & Rosen Inc. 27 Columbia Ple (11%). Col Pict vte (f1%).. TP IT T TPy Con Gas Balto (3. Cont S| Cont Shares pt (B) 4 Copper Range Creole Petroleum. Cresson Consol (4¢c). CrCork Int A (1).... Crown Zeller pf A(6) Curtiss Alrports vtc. % Dayton Alr & Eng. S OO0 09 10000 M DressSRA (3%). Dresser Mfg B (2)... Dubilier Cond & Rad. Duke'Pow (5).......1251 Duquesne Gas Corp. . Durant Motors. . East Util InvA.. Elec Bond & Sh (b6). Elec B & Sh flf‘ prs. Elec Pow Assoc (1)., Elec Pow Asso A (1) Elec P & Lt op war.. El Sharehold (b6%). Elg Nat Watch 1% Bmp Corporation. ... Emp G & E cu of (7). Engineers Gold..... Europ Elec deb rts. Evans Wallow Lea: Fairchild Aviation, Federated Capital. Flintkote Co A. Ford M Can A (1.20). Ford Mot Ltd 36 3-5¢ Foremost Fabrics Fox Theater Cl A. 3 09100 00 1 bt bt i mT 108 G 0D ® » Gen Fireproof (2)... Gen The Eq cvpf(3). Glen Alden Coal (4).. Globe Underwr(15( /. Gold Seal Elec new Golden Center. Goldman Sach T C. ., Graymur Corp (1)... GrtA&PTpf (7)... % Guardian Invest...., Guif Ollof Pa (1%). Hamilton Gas rets. .. Happiness Candy Helena Rubenstein. . Hudson Bay M&S .. Humble Ol (12%).. 111 Pwr&Lt cu pf(6). 1mp O11 of Can (50c) Indiana Pipe Line(1) Ind Ter Illu O11 A. 1nd Ter Illu Oil B, Insull Inv (b6%) Ins Co ofNo Am t Intercontinent Pet n Int Petroleum (1)... Int Superp (11.10)... 4 Int Utilitles A (3%). Int Utilities B...... Interst Pow pf (7).. Irving Air Chute 11) Kirby Petroleum.... 108 Kolster-Br (Am 8h), 12 Leonard Ofl......... 1 Lily Tulip Cup (1%) 1 Lone Star Gas n 38¢. 31 Long Island Lt (60c) 3 Long Isld Lt of (7).. 108 508 » » 3 » [PITE L3 [TSYPPA-E RTIERE T 16 2915 112% 1063 106% 100% Long Iscupf B (6).. in one hundred-snare lots ‘by the letter s (80s) (250s), odd lots. 208 16% 301, 111 105 THE EVENING ~Prev. 1931~ High. Low. 2 Low. Close. 61 63 19% 19% 13% 13% 114% 114% 1% 1% 145 146 108% 108% 1% 714 6% T4 14% 8% 1% 4 19 3% Mich Ga Mid WS Mo Kan Mo Kan at C C N Y Tel Niag Sh Nipissin Nor Am Nor W e Novadel PacG & Pac Pub Pan Am Pandem Pai Phoenix Phoenix Pilot Ra Pines W. Pure Oil 16% 2% Rock Lt Rossia I 5 64 % 3% K Selected Sl Ind £ Shenand Stand Ofl Starrett Starrett Taggart Thatche Tri Utilh Unge Vacunm Venezuel W al Watson tt & B8% 8 Dividend rates nual payment. * a Pavable in dividend. _{Plus tock. j Plus 2% 11 b 20% 16 30% 111 105 20% 164 30% 111 105 20% 16 30% 111 105 Special Dispatch to The Star. BALTIMORE, Md., May 6.—Potatoes, white, 100 pounds, 1.50a1.85; new po- tatoes, barrel, 3.00a4.75; sweet po- tatoes, barrel, 2.00a4.00; yams, barrel, 3.25a4.00; asparagus, dozen, 1.25a3.50; beans, bushel, 1.50a2.75; beets, crate, 2.25a2.50; cabbage, bushel, 1.00a1.15; carrots, bushel, 60a75; caulifiower, crate, 2.25a2.50; celery, crate, 3.50; eggplants, crate, 2.00a5.00; kale, bushel, 25a50; lettuce, hamper, 50a 1.50; lima beans. 5.00a6.00; peppers, crate, 1.25a3.50; spinach, bushel, 25a 50: tomatces, crate, 1.25a5.50; apples, bushel, 65a2.50; per box, 1.75a2.5( S“ope"u“' box, 1.50a3.00; oranges, box, 2.50a4.25; strawberries, quart, 12'2a20. Dairy Market. Poultry, alive—Chickens, young, 33a 40; old hens, 21a23; Leghorns, 13a20; | ters 14a17; ducks, 18a26; guinea flow, each, 50a75; pigeons, pair 30a35. Receipts, 2,129 cases; nearby 17; current receipts, 16%2. to fancy creamery, pound, 24a26; ladles, 20a21; rolls, 16a 18; process, 22a23; store-packed, 14al5. Hay and Grain. ‘Wheat—No. 2 red Winter, export, 8212; No. 2 red Winter, garlicky, spot, 82i5; May, 82%. Com—No. 2 domestic, yellow, 70a71; cob, 3.7584.00. Oats—White, No. 2, 38; No. 3, 37. Rye—Nearby, 55a60. Hay—Receipts, none. While receipts of hay are ample for all requirements there is no surplus of heavy clover mixed being offered. Such grades will bring & premium of $1 to $3 per ton, depending on the amount of clover. Pair to good timothy ranges from $24 to $26 per ton. 8t —Wheat straw, No. 1, per ton, 12.00a13.00. Oat straw, No. 1, per ton, 12.00213.00. Live Stock Market. Cattle—Receipts, 75 head; light sup- ply: market steady. good .00, Steers—Choice to prime, none; to choice, 8.00a8.50; medium to ?od 7.00a7.76; falr to medium, ’6.2587.00, 1.50a | Stock a; 3 Dividend % Loulsiana Lan & Ex. % Magdalena Synd.... 77 Mead Johnson (14).. 8% Memph N G Co (60c) 28 ta Machine (2).. Met Edison pf (6) Metal Tex pt pf(3%) Mid St Pet vie A Mid West Ut (b8% )~ Mid W Utev pf xw 6. Nat American Co. ... Nat Bd & S Corp (1).. 4 A pf (165¢c). Nat Family Stores. Nat Sugar NJ (2).. Nat Union Radio.... New Brad Oil (28¢).. 4 Newmont Min (4)... Niag-Hud Pow (40c) Niag-Hud Pow A W.. Nor Europ 0il Corp. Nor St Pow A (8)... Nor St Pow pf (7) Nor St Pow pf (6) Outboard Mot A. Overseas Sec. . ount C Parker Rust Pr (3). . Pennroad Corp (20¢) Penna Gas & Elec A.. Penn Wat & Pow (3) Peop L& P A (2.40). Perfection Stove 2% . Perryman Electric. . Pitney B P n (20¢) Pitts Plate G (2)..u Plymouth Ofl (1) Pgudential Inv Pub Utl] Hold w Pub Util Hold Cp xw Reliance Int A. . Reliance Int Cor B Reybarn Co..... & St Anthony Gold 13 St Regls Paper (1) % Salt Creek Oll (28¢c).. Salt Creek Pro(1.40). Saxet Co.... Schulte Un 5c-§1 St.. 3% Seaboard Util (50¢c).. Seeman Bros (3).... Seg Lock & H (50¢) . Seiberling Rubber. .. Selby Shoe (1.40). Sle Ind prior (5%) Sentry Satety Con Shawingan W (2% Shen Corp pf (a3)... Sing Mfg Ltd (p23¢). Smith (A 0) (2).. South Penn O1l (1).. SouthCEd pf'B1%. SouthernNat Gas. ... Southld Royalty 60c. Spanish & Gen rcts. . Spieg May Stern pf.. Stand Holding Corp.. Stand Motors....... Stand Ol of Ky 1.60.. Strauss (Nathan) Stutz Motor ( Sunray Ofl (b6% ) ..« Swift&Co (2)...... Swiss-Am El1 pf (6).. % Technicolor, Inc..... Teck Hughes (60¢).. Tob Prod Exp (10c).. Tran Con Air Tran. Trans Lux DL P 8. ‘Tubize Cantillon (B) felder Fin Cp.. Un NatGas,Can t1.45, Unit COrp War. «..ser r (H) (1). West Mass Co(2%).. Zonite Products (1).. in Ex dividend. 1Partly ock. b Pay: stock. 3 stock, nPlus 8% in stock. D Pald STAR, WASHINGTON Received by Private Wire Direct to The Star Office na Bales— Rate. Add 00. Open. . Low. Close. 1 1 1 5 E IS S U7 NPT FTCRETEIoL-JOP SN LTI s & Oil Corp. t Ut (1% PL(b10%). P L vte. 2) o g ). = e panaoe~3a e pr(6%).. Md (40¢)... g (30¢). . Aviat A war. v L (3).. Agene (4) Eilstpf1%. Sve A(1.30). Airways. [ 2 n3 Secur Corp.. SCpt (3) d Tubs A. ... interfr (1).. @ S pL(6).. &P (90c) nt Corp. Industries.. ull pd (5%). loah Corp. 2 g T O T LT T T [Tt FIUL- TP VTSI SO~ O ST PTV - I P BRI L} PP IR ey » o 1 of Ind (2).. » Corp. Corp w). Corporation. r Sec Corp M HBNEN AR NN NN S AR ties (31.20 Unit Gas WAr....eee Unit Lt &Pwr A (1).. Unit Lt&Pwr(B) (1) Unit Verde Ext (2).. Util PALt(a$1.02%). Ut P&L B(at e Utllity Equits 02%) ofl. la Petrolm. . Vie Finan Corp(40c) Bond(A)(2) 174 [ (J W) Co. i 554 Bb%, 125 12% 12% 12% dollars based on last quarterly or gemi-an- extra. :Plus 4% 17% 61 or_stock. 5% in stock. n stock. kPlus 10 in stock. m Pl last’ year—no regular plain to fair, 550a6.00; common to, plain, 5.00a5.50. Bulls—Cholce to prime, none; good to cholice, none; medium to good, 5.00a 5.50; fair to medium, 4.5025.00; plain to falr, 4.00a4.50; common (o plain, 3.5024.00. Cows—Choice to prime, none; good to choice, none; medium to good, 4.50 5.00; fair to medium, 4.00a4.50; plain | to fair, 3.00a4.00; common to plain, | 2.0083.00. Helfers—Choice to prime, none; good | to choice, none; medium to good, 6.75a 7.25; fair to medium, 6.00a6.75; to fair, 5.2526.00; common to plain, S 8 008 | cows X e and Springers, 30.00a Sheep and lambs—Receipts, 150 head; light supply, market steady. Sheep, 1.50a4.00; lambs, 9.00a12.50. Hogs—Receipts, 1,200 head; moderate su’pply, market higher, Lights, 7.90a | 8.25; heavies, 7.00a’ medium, 7.90a 8.20; roughs, 5.00aB40; light pigs, 7.75a8.00; pigs, 7.90a8.20. Calves—Receipts, 25 head: light sup- ply, market steady. Calves, 4.0029.00. NEW YORK COTTON NEW YORK, May 6 (#)—Early| steadiness in cotton today in sympathy | with relatively steady Liverpool cables was followed by a decline under selling | by Liverpool, New Orleans and local | interests promoted by the easler ruling | of the stock markst. to 9.70c or about 11 points net lower, but the market became quiet and a trade buying and covering 2 o'clock, July was selling the general market show of about 7 to 11 points. March ... Income tax now is paid by 2,250,000 | people in Great Britain and Northern | | Ireland, being 750,000 less than 10 years 2go, s 3 3 little steadier in the early afternoon on | ! At_around , | M i3 | Jul WEST’S CARRIERS FIGHT NEW GRAIN RATE SCALE By the Associated Press. CHICAGO, May 6.—Western railways mn their joint fight in Federal court y against a new grain rate scale on June 1 that they protest would trim $21,500,000 from their annual earnings. Attorneys for 15 trunk lines and some 57 subsidiaries presented argu- ments in behalf of their petition for temporary injunction restraining the Interstate Commerce Commission from making the rates effective. CHICAGO GRAIN MARKETS. CHICAGO, May 6 (#).—Strength de- veloped in the corn market late today and prices advanced sharply despite relative weakness of other cereals. Rainy weather and low temperatures, making conditions unfavorable for corn planting, were largely responsible. Offer- ings of corn for May delivery were especially scarce and May quotations jumped more than 2 cents a bushel. Eastern interests trying to purchase corn available for immediate use found that the grain was tightly held. Corn closed buoyant, 1 to 214 higher at the day's top level; wheat unchanged to % up, oats % to 7 advance and provisions unchanged to a rise of 5. Close. July’ | Beptember’ December July contracts sold down from 9.84c|JiY, Iy’ . Beptember . December RUBBER MARKETS. NEW YORK, May 6 (Special).— Crude rubber, smoked ribbed sheets, was unchanged at today's noon quota- ion of 6 cents. This compares with 6% & month ago and 14! & year ago. ‘ Sales in thousands. 11 Alabam Pw 4145 '67 n labama Pow 55 Aluminum Co 5s '52105 105 12 Aluminum Ltd 55 48 100% 100t m Cmwlt Pw 6s '40 T3i3 732 4 Amer El Pow 6s A '57 60 4 11 Amer G & E 55 2028 100 5 Amer P 2016, 108 DOMESTIC BONDS. i 10415 104%% 105 X 10 Associat R 6As Tel U t Serv Pow 2 Cleve Elec Iilu 1 Cleve Elec Tllu Gen Bronze 6s '40. 13 Gen_ Refractors 55 8 Georgin Power 53 s 33 1930% 103 202 30 5435 911 10834 208% 8 152 52 o0 101% 101% Ion'* 201 101 I Pow linols lin P & L 5723 B oil’ 65 L5 LB ST a3t on P& NNE 3000 1000 3 55 A ! 65 B v 6 BB BT INADRWAWRI BB 2 Ty 5 2 ss Pow & Lt rragansett 5 Electric 5128 " tional Food 6s '44 L P & L 63 A 2026 L 55 B°2030 2 3 Nat 6015 691 2 1033 103% 893, 89% at P B a Tea 58 at] e evada Calif 5s 4 New Eng G&E 55 3 New Eng G&E 55 21 New Eng G&E 5 9 New Eng Pow 5§ 5 New Eng Pow 5125 5 New Orleans 4'us ' Y P & L 4125 67 2aazan 1No Sta Pw 6145 ‘33 gn Ut 78 '35 xw 97! s 2 Penn O Ed 3'as B 5! 217 Penn P&L 4'25 81 wi 97% 96% 1Penn P & L 55 D '53 10434 1047 81 971 97'3 149 10317 10315 158102 10204 52104 108 54 &2 L 9 4104 61 95 ' 95 44 3% T2 5 Sun Pipe Line 55 '4 6 Super of Iilin 4}z * Bwift Co 58 '4! 13310104 10144 '57 88 = 88 56103 103 1Wiscon P&L 55 F '58 987 987 FOREIGN BONDS. ansfleld M&S 75 '41 M&B Ts 41 xw 80 Braz 75,58 49 Medellin_Col 7s '$1.. Tl Parana Brazil 75 '58 3il4 I 5 1 763 Hous 6izs '58. 76! 10 Russian 5'ss ctfs 31 2's 10Russ 6'2s ctfNC '19 2% First Trust Money Available at Prevailing Rates. Prompt Consideration of Your Avplication. A. C. Houghton & Co., Realtors 1516 H S __District 353 LOANS Lowest Rates - Consult if You Desire a LOAN —For Buying —For Building —For Refinancing com- pleted properties Reasonable Rate of Interest and Prompt Decision “JHE resources of this company make it possible to obtain = loans on first mortgages promptly and at reasonable rates. Permit us to give you further information without obligation on your part. REALESTATE MORTGAGE & GUARANTY CORPORATION 1610 K St. N.W. National 1403 STOCK AND BOND AVERAGES By the Associated Press. ‘WEDNESDAY, MAY 6. Thi High, 1931... 1931. Low, 1929. BONDS. Today. .. Previous 83.6 . 83.3 81.2 . 93.9 Two years ago. ‘Three years ago High, 1931.. Low, 1931. High, 1930.." Higlt, 1 Low, 1929. 90. (Copyright, 1931, Stal | Markets at a Glance NEW YORK, May 6 (#).—Stocks heavy; United States Steel lowest since 1924. Bonds steady; Rails turn easy. Curb irregular; Oils easy. Foreign ex- changes firregular; sterling strong. Cotton steady; unfavorable weather and covering. Sugar easy; lower spot mar- ket. CHICAGO.—Wheat weather and crop news. Corn firm; cold Southwest and small receipts. Cattle lower. Hogs steady to higher. steady; bullish IN BUSINESS UPTURN BY EVERIT B. TERHUNE. ‘What makes people buy? First, the need of things; second, the | desire for things. What's the difference between these two impulses? ‘When people need things they asually buy irrespective of economic conditions, provided they have the price or the credit. When people desire things, they usually satisfy these desires only in pe- riods of prosperity and full employment. WiIl prosperity come again? Yes; it's on its way now. It may take some months to restore our shattered confidence—but we are counting gains | now rather than losses. (Copyright, by United Business Publishers ‘Bureau of Economics). BALTIMORE TUBE CO. HAS OPERATING LOSS Special Dispatch to The Star. BALTIMORE, May 6.—The Baltimore | Tube Co. yesterday reported operating loss before depreciation of $281.73 for the quarter ended March 31. After Te- serve of $14,690.85 for depreciation and $450 for amortization of deferred charges in connection with sales of gold notes, the net loss for the quarter amounted to $15,422.58. The profit and loss surplus as of March 31 stood at $177,983.67, as com- pared with $193,406.25 at the Deginning | of the year. A T el MONEY MARKET. NEW YORK, May 6 (#).—Although call money renewed at 1 to 1'2 per cent today and held at that figure ifi the official market, the tone was somewhat easier, as funds were available at 1 per cent in the outside market for the first time in several days. Demand was light. Bankers’ acceptances were reduced one-eighth of 1 per cent for the third time in two weeks. The new rates are 11, per cent bid and 1% per cent asked for 90 days or less; 1% to 114 per cent for four months and 112 to 1% per cent for five and six months. Time money was dull and unchanged and commer- cial paper was unchanged. . ];I_ETAI. MARKET. NEW YORK, May 6 (#).—Copper quiet; electrolytic, spot and future, 9a9',. Iron quiet, unchanged. Tin steady; spot and near-by, 23.40; future, 23.60. Lead steady, spot, New York, 4,00; East St. Louis, 3.80. Zinc quiet; East St. Louis, spot and future, 3.25. Antimony, 6.70. ‘Tractors, combines and accessories purchased by Soviet Russia in this country in 1930 had a total value of $64,927,489. 1Saarbrueck 7s '35...102% 102% 102% k 55 32 98'4 9614 96l xw.. 82 8 82 T4 T4 84%. 84)4 | 87% 87 46 xw,.. T4 10 Terni Soc 6125 A ‘53 8414 10 Unit Indust 6s 41.. 873 Industrials, 83.6 Coffee steady; European buying. | 20 Utilities, 8 10 Utilities, 100.6 100.7 100.0 100.8 99.3 98.4 1011 1011 98.4 101.4 96.6 99.8 96.0 ndard Statistics Co.) |LEESBURG MAN ELECTED FIRE INSURANCE HEAD i | Loudoun County Organization i Holds Seventh Annual Meeting at Waterford. | spectal Dispatch to The Star. | ' LEESBURG, Va., May 6—Robert R.! Walker of Leesburg was re-elected president of the Mutual Fire Insurance Co. of Loudoun County at the seventh annual session of the directors held at Waterford. A. L. McGavack of Water- ford was re-elected secretary, Douglas N. Myers of Waterford, re-elected as- sistant secretary; W. O. Russell of Wa- | terford, treasurer, and J. T. McGavack | of Purcellville, superintendent of agents and adjuster of | The Executive Committee consists of | Robert R. Walker, W. O. Russel!, W.| A. Metzger and R. J. McCray. W. H. Martin of Leesburg is counsel. N The directors are J. M. Hatcher, | Delaplane; Bruce MclIntosh, Leesburg; T. U. Dudley, Middleburg; R. L. Miller, Nineveh; Volney Osburn, Bluemont; P. McCormick, Berryville; Robert R. Walker, Ronald Biake, Fairfax; W. O. Russell, W. A. Metzger, Leesburg: Henry | B. Taylor, Hamilton; R. J. McCray, | Paeonian Springs, and Robert Button, Culpeper. upon approval. ness properties. and the rate will be but First Mortgage Loan Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. REAL ESTATE LOANS Made at Low Interest Rate: TYLER & RUTHERFORD Applications _invited on high-class apartments and dwellings. ticu- larly on well located busis for 3, 5 or 10 N 0 ired. 1520 K'St. N.W. National 0478 For the Investor of Five Dollars Upward \[ENTERPRISE SERIAL BUILDING ASSOCIATION 7th and Indiana Ave. N.W. LOANS ON IMPROVED DISTRICT OF COLUMBIA REAL ESTATE SECURITY 66th Series of Stock Now Open For Subscription James E. Connelly James F. Shea President Secretary Commissions on D. C. Real Estate LOANS Opportunities ctions in_purchas- ing or Tefinancing real estate in_the District. but to effect distinct savings while so do- pen to you at this We ‘will _gladly outiine our plan to you. Open Daily, 9 to § Saturdays Until Noon NAtional 1381 a 5 [PERMANENT| [BUILDING ASSOCIATION| 949 NINTH ST., NW. UNDER SUPERVISION OF U.S-TREASUS T Money Available for Mortgage Loans OU'LL get prompt consideration of your application for a First Trust Loan—and the money will be available immediately We're glad to consider applications for loans on District of Columbia and nearby Mary- land and Virginia residence, office building, apartment homse and busi- The term may be for 3, 5 or 10 years— 5%% RANDALL H. HAGNER & COMPANY MORTGAGE LoAN CORRESPONDENT 1321 Connecticut Ave. Decatur 3600 Organized 1879 JOHN JOY EDSON, President courteous attention. No Brokz:ragc 915 F | Loans Repayable Monthly LT T T -Equitable Co-Operative g. Ass'n 51st YEAR COMPLETED WALTER S. PRATT, Jr, Secretary Subscription for the 100th Issue of Stock Being Received DO You Desire a ann —on Real Estate ot to Take Up First Mortgage? THOSE desiring money to purchase a. home, re- finaqce present indebtedness or improve property should consult us. Applications will receive prompt and 0 Commissions ST. N.W. | 20% FIXED.TRU this low-priced in Exchange. It offe trustee: The Bank Write us for inst Church, Wootton & Co Safety and marketability distinguish en a Yroup of the leading common stocks listed on the New York Stock large investors greater diversification than the individual investor-is able to obtain...ond therefore greater safety. All stocks are deposited with the Moody’s composite rating “A”, “What Rich Men Know” National Distributors: . ERTS, ROACH & CO., INC., 11 BROADWAY, NEW YORK ENTURY ST SHARES vestment, founded s both small and Internal Unit Royal Dutch Company (N.Y. Shares) .of America N. A, Atchison, Topeka & Santa Fe Ry. Co. (The) Canadian ructive booklet: American Telsphone & Telegraph Co. Consolidated Gas Company of New York United Gas Improvement Company Western Uy s e e wInc. A.S. Goulden & Co., Inc. Washington Building, Washington,D.C. Woeodward Bldg., Washington,D.C. Telephone : Metropelitan 2721 Telephone: National 2000 By purchasing 20th Century Fixed Trust Shores you participate in the ownership of the following stocks: INDUSTRIALS Allied Chemical & Dye Corporation American Yobacco Co. (The) (Class B) Borden Company (The} OuPont (. I.) de Nemours & Company Eastman Kodak Company (New Jersey) General Electric Company nal Harvester Company National Biscuit Company Reynolds (R. J.) Tobacto Co. (Class 8 Union Carbide and Carbon Corporafian States Steel Corporation Westinghouse Electric & Mfg. Co. Woolworth (F.W.) Company Standard Oil Company of New York Louisville & Nashville Railroad Company New York Central Railroad Co. (The) Pennsylvania Railroad Company (The) Southern Pacific Company Union Pacific Railroad Company oILs | Company (New Jersey) RAILROADS Pacific R UTILITIES n Telegraph Company (The} G.W. Pratt & Co. TowerBidg., Washington, D. C. Telephone: National 6061