Evening Star Newspaper, May 11, 1931, Page 13

STAR. WASHINGTO MONDAY, MAY FINANCIAL NEW YORK STOCK EXCHANGE Recolved by Private Wiee Threct fo The Ster Offce. BANK SALE APPROVED ’ BALTTMORE, M 11 (Special). Chief Judge Dennia Baturday ?I'.ifled‘ the sle nf the Walhrook Branch of BRISK RALLY SENDS |BANKING INSTITUTE LOCATION AT A A A LOW COST OFF ONLY 2.1 PCT Salés Ahead of Average for! Fifth District and Most | Other Reserve Aréas. ! | | " APRLTRADEHERE BY EDWARD C. STONE: Department store trade in Washing- ton In April was only 2.1 per cent lower | than In April, 1930, according 10 » Te- port made public this noon by the Ped- eral Reserve Bank of Richmond. | Por the first four montha of the pres- ! ant vear local retail trade was 2.6 per cent ahead of the same period last vear. ranking just behind Norfolk and Lynch- | hurg in the Afth rve district com- perisons. Retal! trade was in smaller dollar wnlume ell over the distriet then in last year. but probably the de- Tline was chiefly due to the ear Aate of Baster this year, the Reserve hank explains, most of the Faster buy-| ing coming in the totals for March. | enty-nine department stores in the | fitth reserve district sold per cent fewer goods in April, 1931, than in| April, 1930, and total sales in the fh':” four months averaged 2.5 per cent leu’ rhan in the first four months of 1930. The 2.1 drop in Washington shows that | this city made a far better showing | than the average of more than 8 per cent for the entire fifth district, once | again the hig and steady Government | pay roll coming to the front. i 16 Stores Improve Rusinese. | 0 ain smaller Laise of ano 6 Vs, ie0 s ormer SLOLER JN ADUU Pisiness S7%1A) omiow WASNINION D ine AT @aleign, W, C.. win Winsion-Sal°m, C., st the bolow of tae list, saies b2~ ing off 24 per cent, compared with April, 1930. ndividual percentages for cities in | the fifth district for April and for the first four months of 1931. with like pe- riods 18 1930, follow: Januars- Annil (LI evilie. N O. 73 o altimore ... e A gh. un'c - o 1 The Carolinas, 38 sto Most of the stores report] e! Carolinas are amall, total sales in rhose | two States making up only about 10 per cent of the total reported for the district by the 79 reporting stores. Sales in 12 Reserve Districts. i Another extremely Al:lp;l’:;lr‘\el 'r&:-ll trade report Wwas ma Ay when the Federal Reserve Board hea uarters here gave out the figures on ztplrhnenl store business in the 12 Federal Reserve districts. | The preliminary figures on the vol ume of department store sales show an increase from March to April of about 9 per cent, notwithstanding the fact that on sccount of the early date of | Easter this year most of the Easter buying came in March. The board's index, which makes allowance for sea- son3l’ changes—inciuding chaonges in the date of Easter—was 105 in April | compared with 97 in March and 98 in | Pebruary. Tn comparison with & vear ago the aggregate value of seles in April of | this year, according to the preiiminary figures, was 9 per cent smaller. After fi:’wlnu for the effect on sales of the ifting date of Faster the decline from | & vear ago approximated 2 per cent in | April, compared with 10 per cent in | March n March the local trade ares made the best showing of any Federal Re- serve district. In April, however, both and Minneapolis made a better record 'n sales than the Richmond dis- triet. This district reported the same falling off—8 per cent—as Chicago and | New York. The loss for the four months—2 per cent—is the same as reported by the Minneapolis district the others having larger declines, | Percentages decreases in 1931, com- | pared with April. 1930, and the first four monthe of 1920, are as follows | Jan. 1 Report- No. | Agr. ADr. 31 At OFf “Apr. Aot E,. on | tous) Pl e} Reserve aizricts i Richmond Atlenta Chicage 8 s nn 235 el vmene ?ngmo il figures oreliminary: der of business month hi dass thiz yei Today’s Trading on Exchange. E Trading was in decidedly modest vol- me on the Washington Stock Exchange when the week's business started off io- day. The market opened with two $1.000 agler in Washington Railwev & Flectric 42 at 90 followed by snother arien. si0Cs MO nise 10-snaie Jort of Linoryne #00REL0. OD (DE 005 siter vik 15 snaies of Riggs Na- | 100al Bunk sock czme Oui & 330 and ! +wo0 raore chares of the same stock scld #t an advance of 10 points. ‘The final ssle was in Lanston Mono- type, 10 shares chenging hands at 100. Banking Record Mighly Prajeed, ‘The Feonomie Policy Commission of ths American Bankers' Assoclation, in closing up its recent report on the “Sit- uetion Confronting Banking,” said: “In_eonclusion, we emphasize that the bank success history under the dif- ficult conditions of the past year w: far more impressive than the bank fzil- ure history, It must be remembered rhat, sithough 1,345 banks out of those in operation st fhe opening of the vear were suspended with deposits of $865.- 000,000, the far greater number of 23.285 barks with sggregate deposits of $54,425,000,000 were not involved snd ) continued to render safe, efficlent serv- iees 10 their depositors and their com- munities. In other words, nearly 95 per cent of the banks and over 98 per cent of the deposits were not involved in the bauk faflure episode of 1930." CHICAGO DAIRY MARKET. CHICAGO. Mav 11 (@ —Butler 25.824; easy: creamerv extras (92 score) 21: standards (90 score) car Jots, 21: extra firsts (90-91 scorer. 201,a20%,: firrts (88-80 floor:-. 19020: seconds nsettied: extra Arste ed first, 16',; current a 4. Stovage 'y storage packed extra: Poultry. alive: 2 cars, 12 trucks; Arm; broflers, easv: fowls, 17',218',: hroflers, 31234: rooaters, 13'; Turkevs, 20823; old ducks, 17. heavy Spring ducks, 20: geese, 5. BANK DEBITS INCREASE. Checks cashed on individual bank #ccounts in leading ciries of the Fed- | eral Reserve system increased 11 per cent during the week ended May 6 85 compared with the previous period. The total debits, s« calculated by the Federal Board, follow for com- =nul periods: ek ended May 6 Previour. week. . Same week Jast vea 12,766,020,000 11,470,053,000 | 1188 118% Nete—AN stock sre wold in ome hundred share lotm excepting those designated by the letfer s (802) (2508), ows those stecks were old in odd lots. Stock and Bales— Prev Hig) Dividend Rate Add 00. Migh. Low. Close. Close. Abitibi Pow & Paper 18 5% % B% Abraham Strau 5 361 35 Adams Exo ( 32 16% 14 Adams MiDis (2). s 26 28 Ady Rumley (new).. 1 Ahumadalead...... 6 Air Reduction (14% 21 Alr Way Flec Appl.. 2 Alaske Juneau (40¢) 41 Alleg Corp. .....at . 6 Alleg Cp 330 ww 5% . 2 Alleg Cpsa0 ww 5%. 1 Alleg Steel (12.80).. 90s Allled Ch & Dye (n6) 47 Allis Chalmbers (2). 9 Amerada Corp (1)... 2 Am Agri Chof Del 1 Am Bank Note (t1).. 2 Am Reet Sugarpf... 108 Am Br Shoe (2 40) 7 AmBr&h& Fopf (7). 40a Am Rrown Bov Flec. ‘ AmCan (1), .. 437 Am Can pf (7Y Am Car & Farv (1) Am Cham pf (7) 450 Am Chiele (11) 140 Am Comel Aleohe! L3N Am & For Power 79 Am & For Pow 2d 108 Am HawatianS8. ... 30 4 Am Hide & Leath pf. [ Am Home Pr (4.20).. 26 % Am International. 30% Am Locomotive (2).. a3 Am Mch & Fay BT LN 2 21's 7% Ll 4% 116% 26 1618 Am Ra&Std San $0c. 81 Am Safety Razor (5) 12 1% Am Ship&Com..... ! 8815 Am Sm & Ref (4). 15 Am Sm & Refpf (1). | 4m Stee Fdr '* ¢ Am3iael Koot () 08 AmSioes ) L Ams.manalon am Teld et Am TobAcce (1ei. .. Am icoaico B 4) paeco Bl (§ Am Woolen pf . Am Writ Paper otfs Am Zine & Lead pf Anaconda Cop (1% ). Anaconda W & C (1). Anghor Cap (2.40 Archer Daniels Mid Armour of JI1 A Armour of Il B # Armour of 11l pf. Asso Apparel (12). i Asso Dry G (235) Atch To & S Fe (1 4 Atch To&S Fe of (5). 4 Atlantic Refining (1) 1 Autosales pf. Avistion Baldwin Loce pf (7). 108 Pallo & Ohlo (5) . ] Rarnsdall (A) (1)... 29 trice Cream (4).. 183 Bendix Aviation (1). 29 Rest & Co (2 . 8 Bethlehem Steel (4). 278 Rlaw-Kuox (1%)... 1 Bohn Alum & Br1%. 6 Borden Co (k3)..... 16 Borg, Warner (1).... 13 hriggs MIg (11%).. Bkiyn-Man Tr (4)... Bklyn Man Tr pf (§) Rkivn & Queens. ... Rkivn Union Gas (5) Rueyrus (1).... Bueyruz pf (1).... Budd (F G) Mtg. Budd Wheel (1) Rullard Co. .. Rurns Bros B. . 21's Rurrouzhs 3. Rvers (A M) 70's Calif Packing (2) 43% 817 Calumet & Arizon 1% 7 Calumet & Heck 43 29% CanadaDrv G A (3). 20 4% Canadian Pacific 1% . 55 81 Canada South (3)... 40s % Capital AdminA .. 1 Cay Clin & Ohlo (4). 10 Case (1 1) (8)... Caterpillar Tra § Cerro de Paseo(l Certain-teed Prod Cheeker Cab Mfx. Ches & Ohlo (2%) Chesapeake Corp (3) Chi & Altor pf Chi M{l St P & Pac.. Chi MiI St P& Ppf.. Chi & Northwest (4) Chi Pneu Too) .. ... Chi R 1 & Pacifie (5) Childs Co 2.40)... er Corp (1) Collins & Atkman. olo Fusl & Yron ol Gax& Bl (7). ... B Col Gan& E) of A (6) Columbia Granh se. 4 Columb Carbon (5).. 2 Comel Credit (2). . 2 Comel Cred 1st (834) 30s Comel Cred of B (2).150% Conum Inv Trust ¢z). 7 Comel Inv Trptf (1). 108 Comm Solvents (1).. 9 Comwlth&Sou (40c). T2 Congoleum-Najrn B 208 1 2 109% 1007 16% Th 1M K5 28% 15’ RS54 76%; 24l 21% U 28 109 108% 21 12% 2 B Conxol G . Non Gas o Conmol i1t Con.t Basing “on'! Bekinz 8., Con!! Msm (L'4) Conii inanr (2.40) .. Contl poin s, .. Conii Oij of Del. Cout Shares., Corn Prod (13%) Cotv Inc. .. Crosley Radio. Cructb'e Steel Crucible Steel Cuba C. Prod. . s Cuban-Amer Sugar. . asn ‘udahy Packing «4). 100 curtis Publish (4)... Curtis Publish pf (1) Curtiss Wright Corp 8% 3% Curtiss WrCorp A.. 112 100 Cushman'snf (T). . 60 % Ll Lavison Chenical. 157% 131 Drlaware & Hud (9). 102 Del Lacka & Wn (4 3 Diamond Mateh . Olamond Mtch of Dome Mines (1) Druz Corp (4) Duplan Silk (1 Dupont de Nem (4).. Durham Hoxiery of aniern Holl Milin 1 Kastman Kodak (18) 57 #aton Axle (160). . 15 itnzton-Schild pt. 3 lec Auto L 23 Klec Boat . Klee Pwr & 1 oy P tmnenulaunBl caanlen. b 2% mamelinaa S» 3 Tat Sin AO% AR 1081 100 66 a0k Klee Stor Bat 15) 9% ®l Fng Pun Sve pf 98 irie RIT Fed Wat By A (24v) Wederated Dent Stra. Fid Ph e [n 2 60) Kirest 't & R pf 18) “isk Rubber b6's Gen A Tank Car(s) 22 18 Gen Miils (3) @z a2 Gen Mlix pf (8). 98y, 98% 6% Gen Motors (1) 167 A% 43 95 Gen Motors pf (§). 1 101% 101 101% 14% Gen Pub¥vpd% stk. 8 17 . 17 .11 123% % { 3tock and e Dividena Rate Gen Ry Siznal (5),.. 1 Gen Realty & Util Gen Refractorien (4) ¥ 1 Gen Theater Bquip 6 Gillerte Saf Rasor.. 568 Gillette Saf Rpf (5) 2 10 Gimbel Bros. .. 1 Glidden C-. Glidden pr pf (7). Gobel (Adolf). . Gold Dust (23%) Goodrich (R F % Goodyear Tire&R (1) Gotham Si1k Hoslery Graham-Paige. Granby C Grand i1 8t Grand Unlon. Grant (WT) ( Grt North pf (5) Grt Nor Ore (2) Gri Western Sug 2 208 hy Grinow Hacken Watpf A 1% Hahn Dpt St pf (835) Hall (WE) Pr o (2) Ham Watch ¢ L. Harh Walk Ref Ha: 208 Homestake Min (17). i Houdaille Hershey.. Houston Of1. . Houston Of1 (new).. Howe Sound (3) Hud<on & Man (3% ). Hudson Motor (1)... Hinn Motars TMinois (entral (4 Indian Motor Cycl Indian Refining. Indust Ravon (4)... Ingersoll Rand (4).. Insuranshar De) 40e. nee@u s ald 40 tnisinfan anx paca (ndr nilacvesisr (g 44 lut Larvesterpf(v). 1 Int Hydro 1A (e2). 2 Int Match pf (4).... Tnt Mer Marine (1). Int Nickel (80e). . Int Nick Can pf (7). Int Paper nf (1).. Int Paper & Pow 4. . Jnt Paper & Pow C.. int Shos (3). . B 65 IntSilver pf (1).... 208 18% Int Tel& Tel (2). . . 309 394 Jewel Tem (4 B 4 Johns-Manville (3).. 269 118% Jones & Laug of (7). 10s 1% Jordan Moter Car... 48 1214 kayser (J) &Co (1). 80 Keith-A1b-Or pf (7). Keisey Hayes (2). t T.ea Rubber & Tire. ., h Port Cmt (1) Li~x & Myers B (15) Lima Locomot (m2). Liquid Carbonie (3). Loew's Ine (8) Loft Ine. Loose-Wiles (12. Forlliard (F) Co McCrory B (2) Melntyre Pore McKesson & Rob ‘1) MeKes&Rob pf(3% ) Mack Trueks (3).... Mecy (RH) & Co(n?) Mad 8q Garden (60c) Magma Copper (2). . Maracaibo Ol Exp. . Marmon Motor Car. . Marshall Fleld (23) Mathieson Alkall (2) May Dept Stra (234). MavtagCo...... . Melville Shoe (2). Mexican Seaboard. .. Mid Continent Petm Midland Steel (3 Minn Moline Pow. Mo Kan & Texas Mo kan & Tex of Missouri Pacifie. Mohawk Carpet..... Monsanto Ch W(1%) Montgomery Ward.. 21 Motor Meter G & El. Motor Wheel (1).... Mullins Mfg... Murray Corp . 27, Nash Motors (4) 475 Nat Acme (30e) Rumwa—re-—mnoxwa 12% PN R A AR —— AN - Nat Biseuit ( Nat Cash Reg) Nat Dairy (2.69) Nat Dept Store. s Nat Dist Prod (2)... Nat lead pf B (% A Nat Pow & Lt (1), Nart Steel (2) Nat Supply 4., Nart Surety (5). .. Neisner Brothera 4 Nevada Copoer (1) N O Tex & Mex (7) Newton Steel N Y Afr Brak N Y Central (6). N Y & Harlem (5). N ¥ inves e N Y NH & Hart (§).. Noranda Mines....., North Am Aviation.. m (b 0% ntk) “orin A m W ol .¥ “hrinein Pasfe s Guase 5 394 ualy Owenall b4% 69%% 1% 96% 2oay | 1010 88's 30%a 19% 10% 26% Bt 22% 52 6% 10% 420 [ 45 Pacific Gas & £i (33, 504 Pacific Lighting (3). 7% Packard Motor (48 30 PanAm Petroleum. . 2615 Paramount Pub (4). ‘Transport. 173 Pathe Kxchack Pathe £xchange 3 Penick & Ford (1)... s Penney (J C) (2.40). Penney (IC) of A (8) Penn Dixie Cement. . F0% Penn RR (4)........ 9615 Peoples D S pf (8%) 200% Peop GasCh (3).... 6% Fetrolm Cp of Am(1) 17% Pheips Dodge (2). 7 PhilRead C&1.. Phillips Petroleum. . Pierce getroleum. .. Pitlsbury ¥lour (2). Pittsburgh Coal pf Pitts Screw (1.40) Pitts Term C pf. Port R Am Tob A 3% 17% Prairie Pipe L (3). 31y Pressed Steel Car. %3 Proct & Gamb ( 21 Prod & Refiners 72 PubSv N J (340). 25 PubSv N Ipfib). 26% Pullman Corp (4)... Sl Pure Ol ..... . Pure il nf (8) 12 tiudio Cotp. ... 4R Kadio Corp pf A (3%, 15's Radio-Kelth-Orph A. 1 40 RRSee ] CatkC(4). b 18% Raybestos Man 2 41% Reading 2d pf (2). 13 Real Silk Hos(h10%) 7% Remington-Rand. ... 64 Tieo Motor Car (40€). 12 Republic St 27% Republic Steel i 1173 Reynolds Metals (2 40% Reynolds Tob B (3). 1% Richfieid OMl. .. 4 Rio Grande Oil . 2715 Rov Dteh(m1.3404). 38% Safeway Stores (6). tes— Add 00, Migh. L 3 (Continyed on Pasegle) 40 % Motor Shares Take Leader- i 10 shio to Rout Weakness . in Early Trading. 318 10% ha ¥ e BP GEORGE T. BUGHES, 612 | Special Dispaich to The Star. 143| NEW YORK. May 11.—Weak In the 19% | early trading, the stock market raliied 18" | briskly In the atternoon today under the leadership of the motor shares, the dis- tributive stocks and certain of the food Isees. Most of the ntilities were higher 1s0. During the Arsi hour prices ranged lower in continuation of the weakness in avidence at, the close on Saturday. | Parkes Cadman, D D. The same tactics were 'n nse, namelv centering fre on had shown themaelves sensitive to sure. One of these wes J. I which went ‘o another mnew low on heavy offerings coincident with ques- tioning of the safety of the present dividend rate. . Another, as on Satur- dav, was Johns-Mansville, which also made 3 new low although the loss was not as great. Union Carbide was freely offered and broke 2 or 3 points. Amuse- ment stocks were weak, with Fox Film at_a new low. The rallroad list had its share of weak spots. Northern Pacific made a new low for the present, shares and Great Northern sold off sympathetically. The market price of the former would indicate a downward revision of the dividend rate which, however, would have ‘o be drastic to tifv he orocent onoietion. T ALkRTAN [1am 0 .oe Aest no . Ralt®sv a0i0 off "l Al oweuge tanes 0old Ou . te rano I ne BuibmLOle 0Lk one Geomvel MoLosS w00 Auowg, ine daiisr up 8oc poinis, while tie resc of tne lisc was selling off, Food stocks were in good demand, including general foods snd corn products. Distributive stocks were well aupporied, instances being Macy, Kroger Grocery and Woolworth. A number of low-priced stocks, of which Radio was the leader, were well bought. Strength in OUnited Aireraft. was founded on reports of an increase in passenger traffic for April over the lines of its subsidiary, National Air Trans- port, of over 100 per cent from that of | the preceding month. Standard indus- j trials did little one way or the other. but * | during the morning hours United States Steel and General Electric held at or above Saturday’s close. Trading was in low vélume. with no indication of important liguidation. Tt was still a professional market, with the bears taking all the risk, although there was & suspicion that the selling in pree- 0017 iQuel In- covering elsewhere. Call money re- newed at 1 per cent. which was the low- est Tenewal rate in over 20 years. 15| The market rallied in the afternoon, !all the early losses. New Haven was | & strong feature in the railroad list, but, | stocks of the Northwestern roads were | still in supply. United State Steel sold | at the best of the day at this stage, ! up at one time nearly 2 points. Gen- | eral Motors made a new high on fhe early | STOCKS ON UPTURN' | Caze. | the apeakers at special jssues was designed to conceal gy, Mosque. in many instances erasing | chewing gum factory and the Carnegie T0 MEET JUNE 1 Twenty-Ninth Annual Con- vention to Be Held in Pitts- burgh Next Month. The American Tnstitute of Bankin of the American Bankers' Assoctation | will hold its twenty-ninth annual con- vention at Pittsburgh, Pa.. June 8-12, it | is announced at the national headauar- | ters in New York. Convention head- quarters will be the Hotel William Pflnni and plane for 2,500 delegates are being made. Dr. Fdwin Mims. head of the | Fnglish _department. vanderbilt versity, Nashville, Tenn.: the Rev radio minister Churches. of the Wederal Council of w ismes whieh|snd Rome € Stephenson. preside: American Bankers ociation, will be | rhe genera] zessions. June ‘9 and 12, in the Davis Theater ‘The afternoons of June 9 and 11 there | will be departmental conferences on | audits and accounting, bank adminis- tration, business development and ad- vertising, credits, deposit functions, in- vestments and investment banking, B ings banking and trust functions. These conferences consist of scheduled ad- dresses with open discussions following. | Debate Employment Insurance. | The evening of June 9, the national | convention debate will be held on the | question: “Resolved, that the several | States should enact’ legisiation provid- | ing for compulsory unemplovment. in- surance to which the emplover shall ropt: Tne cdeba'e particinant i Pajiageinnia Chaoim of ine instiy 0t noldsy of ne orgenization « up. #0o. To° Angeisr Chao's i T ne denete aonal ouolic spesaing e, P. Guaonia! ralCali Piizes 18 scnsauied. kor puiposes of selecting contestants, the country wes divided into nine districts for elimina- tion contests to choose representatives through local chapter contests. Con- testants are sllowed 8 minutes, and equal jmportance s attached to com- position and delivery. The expenses of the nine contestants o attend the con- vention are paid and four prizes are awarded in the sums of $500, $300, $200 and $100. The mornings of June 10 and 11, be- ginning with breakfast. conferences will be held on institute education, chapter administration, chapter publicity, pub- lic education, public speaking and de- bate. The women delegates will meet | I’n informal conference the morning of | June 11. | Recreational Features. June 8. delegates will be taken on & tour of Pittsburgh and At night an e tertainment will be provided at the June 10 _there will be | An outing at Kennywood Park and June | 12 optional industrial visits will be con- ducted to the H. J. Heinz Co. plant. the Homestead Steel Works, Clark Brothers :o0ie rne ul engowmen' Museum and Art Galleries. A farewell ball will close the convention the night of June 12 The institute has a membership of approximately 74.000. in 300 cities of the United States. The national officers | recovery and the utilities did better | under the leadership of Consolidated Gas and North American. Columbia | Gas was an exception and sold on divi- dend doubts. Chrvsler was moderatelv higher and du Pont improved with | General Motors. i | "Up to 1:30 o'clock onlv 1.100.000 shares bad changed hands and at that | time the tape was barely moving. Both | sides seemed reluctant to take a stand.! 1 (Copvright, 1981 | | NET EARNINGS DECREASE | Soecisi Dispatch (o The Star. NEW YORK, May 11.—Firsi quarter earnings of 609 corporations which have | 30 far jssued comparable reports were |38.4 per cent below the corresponding period of 1930. according to a compil | tion made public today by Moody’s In- vestors Service. For 258 industrials nlone the aggregate decline was 54.8 per cent 5|, Jargest decreases are found by 13 | Moody’s in textiles (96.8 per cent).| 931 | copper (94.9 per cent), hron snd steel 118 | (914 per cent), railway mquipment 1697 per cent). machinery and tools | 31% | (83.9 per cent). Seventeen automobile #% | and truck companies, including General 74 | Motors. reported a drop of 49.9 per cent. | . but excluding General Motors an aggre- e | Rate deficit was shown for 16 comp 43% | piee. Three drug eompanies showed composite gain of 5.1 per eent, and fair- |1y astisfactorv comparison ie also seen | !in 23 food companles, with a reduction ™ | in met of only 6.8 per eent i 32| While 171 raflroads repotted a net of 0% | 20.3 per cent less than 1930. 76 light, 17 | power and ges comprnies had s decline 4| 6f onlv 1.6 Dar cent. from a vear ago. First Mortgage Loans 13 1412 98 ”::" | Lowest Rates of Interest and Commission i | J. Fisher & Company, Inc. A REAL FSTATE.LOANS tiicriese Racar RUTHERFORD aae o Lo TYLER & Jarly on 3.5 or 1 1520 K 3t. N.W. First Trust Money Available at Prevalling Wates pt Consideration of Your Avplication A. C. Houghton & Co., Resltors Dietrier 7598787 Your ldle Cash Can Be Safely Invested in Guaranty First Morigage Securities Yielding a Steady Income of 6% surplus funds o work urn' of 8% " Gus notes and honds are d_properties right hers Capital. Hundreds of wise investors taking advantage of || our facilities and bullding up & steady, Tiheral income. How about you® Denominations as low as $100 Put sour sarn- Monthly Payments 1f Desired Send for Booklel, “The Success Plan’ are: President. Ben Aley. the United Siates Na Bank, Denver. Colo.: vice president. Henrv .J. Mergler. the Fifth Third Union Trust Co., Cincin- nati, Ohio; secretary. Richard W. Hill 2 Fortieth street. New York: edu- cational director, Harold Stonier, 22 East Fortieth street, New York. STOCK VALUES INCREAS NEW YORK. Mayv 11 (Special) "ht’ market value of 50 representative stocks on the New York Exchange at the close ' of the week ended May 9 was $17.451.- | 500.293. an increase of $276552.546, or | -p?mx\m.uly 1.61 per cent over the | value of $17.174,947.747 at the close ofl the preceding week, according to & com- pilation by Paul H. Davis & Co.. mem- bers of the New York Stock Exchange. | This compares with $27.959,727,096. | the value of the shares at the close of the corresponding week in 1930. For Purchasing or Re- financing D. C. Property st 6% Interest No Commissions rharged +ions, and n wals necessary on loans pro- cured {from Tnstitution. For over *the o you nned. an mit us o outline our 0 sou in detail Open Daily, ® to § Saturdays Until Noon NAtional 1381 e oian IIPERMANENT BUILDING ASSOCIATION Service Facilities that have kept pace with the ex- panding bus ness needs of the city, for well | over 2 centurv, il ey service when bank with || Metropoli- vou The tan. Your account is invited. 15th St. Opposite S, Treasury AT i AR the defunct Chesapeake Bank (o the Union Trust Co. for $95,000 The Union Trust Co bid wes se- repted after George W. Page, State| banking commissioner and recetver for | the Chesapeake, recommended # be chosen over an identical bid submitted | by Milton L. Holland, son of J. Monroe Holland, president of the Chesapeske, | mection | who is under indictment in with the bank crash, s HERE are vou and what do you pay for heing there ? $40 monthly will put you in a 3.-room office here! For location on the beaten path of husi- ness at unheaten rental savings— The- WOODWARD BUILDING Fifteonth and W Streats N.W, CARL G.ROSINSKI Ronltor Lensing Representstive Swite 3 Phone Nat. 8040 BUILDING ASSOCIATION 7th and Indiana Ave. NW. LOANS ON IMPROVED DISTRICT OF COLUMBIA REAL ESTATE SECURITY 86th Serien of Rinek Now Oven For Subscription Jamee K. Connelly James F. Shea President Seeretary WeGive Property Personal Attention I ROPERTY investment. to be profitable, de- pends‘upon the management—and manage- : ment is a specialized service with us. Placed in our care you won't be annoyed with details, nor nernleaxed with the manyv avestione can stant!y arising ro be decidad: nsvar concsrned with rhe :ollsction of renre, evc. We ariand 10 3ll inese tninas —and maks (il regort. sad invariably PROMPT REMITTANCES, Raspavt H.HAGNER & COMPANY MORTGAGE LoAN CommEsronpmNy Jfl’ 1321 Connecticut Ave. Decatur 3600 RO OB OO quitable C o-Orative Bldg. s’ Organized 1879 Bist YEAR COMPLETED JOBN JOY EDSON, President WALTER §. PRATT, Jr., Secretary Subscription for the 101st Issue of Stock Being Received DO You Desirc a Loan -—on Real Estate or to Take Up First Mortgage? 'HOSE desiring monev to purchase a home, re- h‘sfimw present indebtedness or improve property should consult us. Applications will receive prompt and courteous ‘attention. Loans Repayable Monthly No Brokerage ... No Commissions 915 F GOOD JUDGMENT ENDORSES THIS INVESTMENT You see, there is no phase of contingency here—our 6%, FIRST MORTGAGES are fundamentally sound, be- cause the principal is secured by improved \Washington real Owver a | hvd of o Contury U athout o 3 estate, largely home properties —and throughout the term of vears the morigage runs this interest is deflnitely fixed. Laoss May be purchased in amounts from $250 up. SAUL 0z N aronal 21 Gl 13th = THERE - 1S° NO- SUBSITITULE Worthy of Your Consideratio The Metropolitan Life Insur- ance Company offers to the people of Washintgon and near- by Maryland and Virginia a Real Estate Loan Plan which em- bodies the many advantages ob= tained through years of experi- ence lnd a nltion'\l’id@ !tudy- Loans are made for— Fifieen Years At Low Interest Rates Construetion Loans in Any Amount WERRERES Washington Building Mortgage Loan Correspondent Matropolitan Life Insurance Company District 9486 T