Evening Star Newspaper, May 18, 1931, Page 13

ses A_y3 First Trust Money ‘ = - & Co., NG STAR, WASHINGTON, D. C, MONDAY, MAY /18 1931. 'STOCKS CONTINUE Abitibi Pow & Paper 5 5% bW b4 %" 101 2 (7) s 2005 202 Steady Stream of Offerings Railroad President Off to 5 T Adams Exp (1.60). 47 ;!:: ;::’q 24% ’ ) Europe—W., B. & A. Bond- T8 A AREAkOE Co Lt s e o e Push Prices Steadily holders Urged to Act. Alr Reaetion ( Pt A Nl Downward. FINANCIAL. POTOMAC SAVINGS THE EVEN. ~ NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. 7th and Indiana Ave. N.W. LOANS ON IMPROVED DISTRICT OF) COLUMBIA® REAL ESTATE SECURITY 66th Series of Stock Now Open For Subscription James F. Shea Secretary BY GEORGE T. HUGHES. It is not enough that stockholders re- ceive accurate and detailed information with regard to the financial operations of the corporation in which they are part owners. This information should be published with reasonable prompt- ness. The point was made with em- phasis in a recent address by Richard Whitney, president of tI New York Stock Exchange. He said: “Annual re- ports have sometimes been delayed for months. Semi-annual and quarterly re- ports of income have often been pub- Stock and Dividend Rate. Denver& RG W pf.. 3 Detroit Edison (8) 2 ~Prev. 1931~ High. Low. 45% 26 Note—All stock are sold in one hundred share lote excepting those designated by the letter s (80s) (250s), which shows those stocks were sold in odd lots. 1 ~Prev 1931~ Stock and Bares— Prev. Dividend Rate. Add 00. High. Low. Close. Close. No Renewals . . . No Commissions On LOANS AT 6% Yhen obtatning loans st this Association. eas Dome Mines (1).. Domn Stores (1.20).. James E. C: Testden fioney to Loan Secured by first of trust 1 i 7 r....fil.w.. 54 3 Seust on resl wstate here " do not Joseph I. Weller 2,% 3" Brocured require the ex- pense “or'_annoyance of newals. A e Instivgrion ™ 1o e Saln TS0 Loan pAeY & vou, Open Daily, 9 to § Saturdays Until Noon NAtional 1381 a1 4 Money on Hand to Loan on First Deed of Trust 6% Interest Reasonable Commission and ec Pow & Lit pf (6) ec Pow & Lt pf (7) ec Stor Bat (5). dicott-John (5) ng Pub Sv (2.40).. Office Bldg (2%). ie RR. ie RR 15t pf (4) xchange Ruf (1%) Fisk Rubber 15t pf.. 208 Follancbee Bros..... 2 Food Machinery 1%. Foster Wheeler (2). Fourth Nat Invest.. Fox Film A (4). Freeport-Texas Am Hide & Leath pf. Am Home Pr (4.20) Amlce (3)...... Am Tnternational Am Locomotive (1) Am Locomot pf (1) Am Mch & Fdy 1.40 Am Metal Co.. Am Nat Gas pf. ¢ Am News (13%). Am Pow & Lt (11).. Am Ra&Std San 60c Am Republics Am Rolling M! 5 Am Safety Razor () Am Sm & Ref (4).... Am Sm & Ref pf (7). Am Snuff (13%).... Am Solv & Chem. Am Steel Fdy (3)... 32 Am Steel Fdy pf (7).2108 Am Sugar Ref (5)... Am Sugar Ref pf (7) Am Sumatra Tob. Am Tel & Tel (3 Am Tobacco (16).... Am Tobacco B (16) Am Tobacco pf (6).. Am Type Fdy pf (1). Am Water Wks (3).. the northeast cor- ner of Wisconsin avenue and M street. ‘While located there, the officials bought four pieces of property across | the street on which they started the ! Potomac Bank Building in March, 1909, | occupying it in October of the same year. The interfor of the bank hns’ en enlarged several times and a $50,000 safe deposit department install- ed in the basement. The bank has maintained steady and consistant mwm. reporting total deposits on the t Controller's call of $3.612.438.69. The bank now has a capital of $140.000, earned surplus of $100,000 and un- divided profits of $93.413.61. In_ addition to President Offutt the officers include Alphonse M. Baer and B Agee Boles, vice presidents; C. Wen- del Shoemaker, cashier; Emery H. Bog- ley, secretary; Elmore T. Burdette, as- eistant cashier, and George W. Offutt, attorney. The directors are Willlam P. Ames, William W. Anderson, Alphonse M. Baer, Emory H. Bogley, B. Agece Bowles, William H. Clarke, Davenport B. Elgin, Harry K. Hobari, James C. Hoyle, Malcolm W. Morgan, George ‘W. Offutt, M. Willson Offutt, Henry W, Offutt, C. Wendel Shoemaker, J. Wil- liam Stohlman, Henry A. Storm, J. Clinton Tribby and Joseph M. Wise. Southern’s Head Goes Abroad. Fairfax Harrison, ptesident of the Southern Railway system, sailed early Saturday from New York aboard the 8. 8. Olympic for a six-week trip to Europe.’ Mr, Har- rison was non-com- mittal in regard to the outlook of Southern Railway. He stated, however, that he would not here for meeting of the di- rectors June 11, as all the details of what action will be taken at that time had been conclud- ed hefore his de- parture. At the December meeting when divi- dends of $3.65 o‘t‘, Fairfax Harrison, COTMTOD 0N accoun of 1931 were de- clared in advance, it was stated the board would review the situation at its June meeting and determine to what extent it was proper to supplement those dividends. ‘There has been much talk about the eoming meeting on account of the pres- ent earnings situations among the rail- yoads. No official statement, however, has been forthcoming from the presi- dent or any one else. W. B. & A. Bond Deposits. ‘Nelson, Cook & Co., Baltimore bank- ers, make special reference to Washing- ton, Baltimore & Annapolis Railroad bonds in their weekly letter. The in- vestment house refers to the slow man- ner in which the receivership events have been progressing, but looks for more rapid action by the bondholders and their Protective Committee in the near future. A member of the Nelson, Cook firm has recently become a mem- ber of the committee. | “To overcome criticism, of which | 3“:;1 has beenlhl quite a llm:lvln rennfl‘ e possible expense involved,” says the statement, “an additional provision| 20% 12 Butterick G has been added to the deposit agree- _© 3 ment limiting the expense of the holder | 53 20' Calif king (2) to approximately 1i; per cent, predi-i 43% 2814 Calumet & Arizo Henry W. Offutt, T Gen Theater Equip. . Glllette Saf Ragor.. Gillette Saf R pf (5). Gimbel Bros. ....... Glidden C». . Glidden pr pf (7). Gobel (Adolf). Gold Dust (2%) Goodrich (B F). Goodyear Tire&R(3) Gotham Silk Hostery Graham-Paige...... Am Zinc Lead & Sm Am Zinc & Lead pf.. Anaconda Cop (1%). Anaconda W& C (1). Archer Daniels Mid. ‘Armour of Del pf (7) Armour of Il A Armour of Tl B Armour of 1l pf. Artioom Corporatien Art Met Const (1.60) Asso Apparel (12). .. Granby Consol (.. Asso Dry G (2%)... 5V Gran rs (b1). Asso D G 1st nf (6) P g::z:;r.m Ateh oS Papt (5), Granite City St (3).. 0&S P ). b “‘ Atl Coast Line (110). !f"‘"_l( ) 1)aeas Atlantic Refining (1) Grt North pt (6).... Atlas Powder pf (6) GrtNor Ore 2)..... Auburn Auto «f4) Grt Western Sugar. Grigsby Grunow Aultin Nick prib Gulf States Steel. n Dept Stores. .. Hall (WF) Pr Co (3) Hanna pf (1)...... .. 108 Hartman Corp (B).. 1 Havana Electric Hayes Body.... when American Telephone & Telegraph | cflerings. Of course, no one imagin 8 dweilings "and § that there will be any change in the || T a. "R oo veara I en destreare ! American Telephone dividend. The | 1520 K St. N.W. National 0475 only argument the sellers had was that | 12 | the pricc-carnings ratio was too high for these times. Two years ago Tele phone. would have been thought to be on the bargain counter 50 poin gh- | er than today's quotation. Lowest Rates of Interest and Commission The market dipped to still lower | levels in the afternoon and then hard-| Thomas J. Fisher & Company, Inc. ened. 1t was learned that there had) ) been heavy eelling from London, but| We have on hand whether it represented liquidation or | . VS O AR I;O;:':::r ] speculative commitments for the de-| Tox b SaLy cline was uncertain. In some quarters | ring interest al per cent e British 1ogcnm}s T"en °‘}’,‘"’°‘1fi | Available in amounts of $1,000 each with the international situation | penaral and i otbere 1t was said that| ALLAN E. WALKER & CO. speciflc difficulties in London were re- | Iae sponsible, but_there was nothing au- 3 thoritative to be had on this side. i 913 15th St. N.W. General Electric broke through 40, ational 2690 selling at the lowest for the present| shares, and weakness developed in the utilities, inciuding" Consolidated Gas | and . North American Co. American | Telephone & Telegraph under 171 was the lowest since 1927. Selling spread ! to lower-priced stocks, such as Phillips | Petroleum and United States Rubber, and while losses were not large because of the already depressed market value, OU couldnt match this rental bargain anywhere near this desir- able part of town. A 3. room office smite com- plete—mahoganized par- titions, lavatory, ice wa- ter—sefviced by 5 eleva- tors. There were hine there was little support. A 1091 left when this ad went to press for The WOODWARD BUILDING Fifteenth and H Streets N.W, _ CARLG.ROSINSKI Realtor Leasing Representative Suite 5 Phone Nat. 8040 First Mortgage Loans 274 104'% 87! 3 fo4 | 144 ction ($4%) 102 - 77% Dupont de Nem (4) .. 326 Elso Appl.. 1 118% Du P de N debof (6) 3 e O Albany Wrap Paper. 1 BY EDWARD C. STONE. ATIeR COrp. 1 v esrsee 140 ke BEGEGRGR X HEowEs: lished so Iate as to be of no practical tington-Schild T4 | - 104 "50 Potomac Savings Bank and his official | Alleg Steel (1280).." 50n les Auto BreiaLimetango THeBEar: value. family received .many congratulations | 182% Allied Ch & Dye (n6) 1 b stream of offerings pouring into the | | ¢y ‘mail or relatively unknown or- today. In the 28 Allis Chalmbers (2) . stock market depressed prices to new | ganizations, Some of the largest com- years the bank has e Alpha Port Cemt (1) . day. The decline was singularly wégn- dlCtten EhRE repartrades not comy out cellent record. It Am Agri Ch of Del. out feature. It consisted of 8 monoton: | for months after the close of the fiscal opened for busi- i) by rallies and unaccompanied by the | thaq the business of the concern is on | on the southwest Am BrShoe (240)... 5 rumors that generally spread through |, c.,conal basis and that interim state- it Am Br B E pf (1) 0n The tvo industrials on which at- | imes' no excuse at ail it given. One enable Cammissia Srwt, B Gk Am Can pf (7). 2 tention had been concentrated all of | ;100" corporation asserts that its inter- ‘;’"!‘“"m: o oSS T Am Chicle (13). 6 8 A:;n:;an](i#:. finfl:; '!::Ok m!:rm:fi: | takes them months to collect the sta- b A A v Am Comel Aleobol. . 18 Fid Ph Fire In (2.60) 75 et B Mg ¢ tlstics, JAMES F. SHEA BUILDING ASSOCIATIO moved to the site e s Eifth Ave Bus (81c). 208 fate. Of the two, American Can Was | . : G .. - . who Is kept in the dark. The remedy, = e PArmers & Am & For Power.... 320 31 20 2 el s 5 gl the wealker, but steel displayed no rally- | hioerer e in- mie own nenae ae || 643 Louisiana Ave. N.W. 249 NINTH ST.. NW. Mechanics branch s S 5 one-time favorites o severly deflated | Faaiid By et % Mearing. - use. b N Am Hide & Leather. . decpened pessimism s to the market T onal . “on Prices for raflway shares melted | rairoad snd utility stocks i the fact | S iv . i away. The list of new lows included | that monthly statements of earnings = We Give Property Personal Attention fore noon New York Central was under B4e Ui mieGor ding o the Tegtia- i 5 . 84, off more than 3 points, Baitimore i?li,"n;“n, e Thts ”,m}f‘c(,,:\m,’:rfcfirfi_! H:/ Vt'«'lorry‘vy'lth the multitude of details con- stan arisin, o i - Gardner Motor. ’ sf‘i*mmml Delaware & Hudson down be- | 5 wel] ‘defined schedule. All of them | y £ comnectan L e s Gen Am Investors 5 ;.\\'l‘cn 3 and 4 points, New Haven with a | give out, their income accounts without , business and apartment hou: h 1n i 5 S se—when a its re- Gen Asphalt (3) Pacific, whose dividend meeting is sched- e ublished within three 1e ibiliti i GenBaring (2 % 1 Ued To¢. hie week, Broko 4 Doints be- | Sl s taed writhin three f four £ sponsibilities can be delegated to us—and admin- Gen Cable. An_interesting incident accompanied | tiea] for most industrial companies to | = i Gen Cable A. the trading in the higher-priced rall- | s as precise in this particulne as the | = We can serve your interests better than you Gen S0 bd. ffered ot s can serve your own. 3 L' | tape at 150 bd, offered at 159. ur ch more th E Gen Focd Corp (3). 49% | times thercafter a bid and asked price Aot A Gen G & Bl cv pt (8). steadily reduced and the bid price ad- - fi G = offce: Gea Ml 1), vanced until_fnally 2000 shaves soid | DIVIDEND DECLARED. RANDALL H.HAGNER & GOMPANY . 1 3 Gen Motors (3). down almost 6 points on the day. | declared the regular quarterly dividend Gen Motors pf (5) Norfolk & Western slumped 6 points 'of $1.75 on the first preferred stock, !; gg ./ 2 g Gen P Ink bt (6). and Pennsylvania broke through its|ord May 20. ’% 2 W’f' ub Sv b6% atk. old resistance point, while & little later | s -~ . 1321 C it : Gen Realty & Util. .. ! nnecticut Ave. Decatur 3600 3 Northern preferred. Some of this may g e have been due o short selling, but real | REAL ESTATE LOANS Gen Stl Castgs pf(8). Made at Low Interest Tape watchers had another shock | . o —— - e Applications _Invited on b E . . tJ - Equitable Co-Operative Bldg. Ass'n ! Organized 1879 51st YEAR COMPLETED Subseription for the 101st Issue of Stock Being Received Do You Desi L or to Take Up First Mortiaic? THOSE desiring money to purchase a home, re- | should consult us. Applications will receive prompt and uneau (40¢) 248 143% Eastman Kodak (18) 125 President Henry W. Offutt of the | e 3 7 L Elee Auto Lite (! 4% bt o 3 | NEW YORK, May 18—A &teady| “rpe offenders in this particular are on_ the bank's twenty-cighth birthday | 12 e mL: low levels for the bear movement to- | SSRFEEIER SO B i Gc ‘s vear, o et ornd Amerada Corp (2). ous succession of new lows unrelieved | porjoq. Sometimes the excuse is made b e LR Am Beet Sugar pf... 3508 the street on occasions of this kind. | & STeS0Re BMe e At And sonte- byl g Am Can (16)... 807 last weck, United States Steel and | i 'ara 5o world-wide in extent that it | i b g B Am Colortype (140). 2 | g stecl after a futile attempt to avold 1ts | ““AT%i1is s no help to the shareholder now _occupied by et L L RS Flrestone T&R (1) 6 ing power and the spectacle of these | houiq protest to the management, and, Am & For Pow 2d f. ; L T m & For Pow 24 of O TR outlook. One reason popularity of practically all the active stocks. Be-‘/gre available. Those of the railroads abricl Co A & Ohio under 56, off about the same | niCh 1 and those of the utilitics follow : agement of property—residential, office building, Gen Am Tank Car(4) s 0f as much and so on. Southern|yunque delay. Those of the railroads | Gen B0 fore meeting any effective support. | eover. It would probably not be prace istered through our organization efficiently, Gen K| way shares. Afchison appeared on the | rajlroads or the utilitics, but they could the have 3 1 i e than the Tieve done PROMPT REMITTANCE is a rule of this Gen G & El A (e30c) was printed, with the offered price Gen Mills pf (6 at 154!, a new low since 1926, and United States Stores Corporation has MORTGAGE LoAN CORRESPONDENT Gen Outdoor Ad to a new low about the same time|payable June 1 to stockholders of rec- Gen Ry Signal () acute weakness developed in Great (o LT Gen Refractories (4) liquidation must have played a part. | Hikue L JOBN JOY EDSON, President WALTER 8. PRATT, Jr, Secretary —on Real Estate finance present indebtedness or improve property 15% Baldwin Loco (1%) 87's Baldwin Loco pf (7).100s 57% Palto & Ohlo (5).... 134 724, Balto & Ohlo ot (4).. ° 2 147 i 5:31‘3!';3?:‘;.’ Helme (G W) (17).. Bayuk Cig 1st pf (7). 20 2 2 1% Hercules Mot (1.20). Beatrice Cream (4).. 8 4 5 2 Hercules Powd (3).. Beatrice Cr pf (7)... Hershey Choc (5). ... Bendix Aviation (1). Hersh Choc pf (16).. Best &Co (2)....... 19 Holland Furn (12% ) Bethlehem Steel (4). 256 Hollander Sona. .. Bethlehem st}: Kp): 2 courteous attention. Loans Repayable Monthly No Brokerage . . . No Commissions . 915 F ST. N.W. 5 % Blaw-Knox ( 9 5 9 (Copyright Bloomingdald pf (1). 608 R g fiay TREASURY CERTIFICATES. Bohn Alum & Brtl %. 20 Booth Fish 1st pf . o Borden Co (k3). RatRoRorted by J. & W. Sellaman & Coo 27a5 June 13, 1931 Borg, Warner (1) Lis gune 1 Houston Oi1 (new).. Howe Sound (3)..... Hudson & Man (3%4). Hudson Motor (1)... Boston & Maine (4).. Briges MIg (11%). Bklyn-Man Tr (4). Bkiyn Man Tr pf (6). Bklyn Union Gas (5) Brown Shoe (3) Bruns Ter & Ry Bucyrus (1)........ Bucyrus cv pf (234). Bueyrus pf (7). Budd Wheel (1) Bullard Co Burns Bros cum pf. Burroughs A M t1%. Bush Terminal (2%) Thols Illinois Indian Motor Cyc! Indlan Refining. .... Indust Rayon (4). Ingersoll Rand (4)., Inspiration Copper.. Insur Shrs Md (40c).. interb Rap Transit. . Intercont Rubber. .. Interlake Iron (60c). Int Agriculture pf... Int Carriers (27%¢). Int Bus Mach (n§) Int Cement (4) Int Combustion. Int Comb Eng pf Int Harvester (234).. Int Harvester pf (7)., Int Hydro E1 A (e2). int Match pf (4).... Int Mer Marine (1).. Int Nickel (80c)..... Int Nick Can pf (7).. Int Paper pf (7). Int Pap & P pf (7) Int Printing Ink. Int Shoe (3). . Int Silver pt (7). Int Tel & Tel (2).... 438 12 Intertype Corp (1).. 4 Investors Equity . Island Cr Coal (4) ... Y Jewel Tem (4)....ves danville (3).. 64 118 danv pf (1).. 30s 12t Kayser (J) &Co (1). 5 1% Kelly-Spring Tire... 1 29% 10 Kelsey Hayes (2). 29 <elvinator Corp..... 34 nnecott Cop (2) 91 The Metropolitan Life Insurance Company Way The World's Largest Insurance Company offers a Real Estate Loan Plan which is the result of years of experience throughout the entire country. This plan so generally accepted by home owners demands your every consideration. s waBpalifamentiraamans SECURED >+ HOME! NATIONS CAPITAL » cated upon the number of bonds de-| 11% 6% Calumet & Hecl posited. Accordingly, we now recommend | 11% Camp W&C Fy (1) that holders of these bonds deposit | 29% Canada Dry G A (3). them with the Maryland Trust Co., s0 26% Canadian Pacifie 1% that the committee greatly increase | 17% Cannon Mills (1.60). the substantial amount of bonds al-| 914 Capital Admin A. ... ready daposited.” | 3 Cap Admin pt A (3). The committee includes the president oo A of the Maryland Trust Co. and s rep- | ; e (J 1) pt ( resentative of the Cleveland Trust Co., Caterpiilar Trac ( trustees under the mortgage. The Bal- Celotex cto timore investment house believes that e matters have now been rearranged to | Sl i the entire satisfaction of the bond-| bissdpicls First Mortgage Securities That Offer the Maxi- mum of Safety and Earning Power Secured by direct first mortgage on im- proved properties here in the Nation’s Capi- tal, these notes offer a safe and sure method of building a steady income. They also offer an attractive and unvary- ing yield of 6%. . Denominations as low as $100 Monthly Payments if Desired Send for Booklet, "“The Succcss Plan” REALESTATE MORTGAGE & GUARARTY CORPDRATION Low Interest Rates — Long Term Construction Loans in Any Amount EAVER W REA| L"r%ns Washington Building Mortgage Loan Correspondent Metropolitan Life Insurance Company Loans made in_the District of Columbia and nearby Maryland and Virginia. % 9 5 Sokdere Certain-teed Prod y 4 25 Checker Cab Mfg. Directors Gather Tomorrow. g:uk OPIAKID é 3{5: ){l e It is expected that about 500 dele- | “hesapeake Col gates will attend the National Assocla- | e il ten of Mutual Savings Banks Cor e e i ference, which opens at the Mayflow R MNP EP L., oSl hare Wadiestdy: and Tenising in Chi & Northwest (4) session Thursday and Friday. The di- el ot rectors of the association will gather R T APaciBe (5), G 100 AR 60 ¢ the. hotel hesdquarters tomotrow Chi R 1& Pac pf (1), Kresge (SS) of (1).. 30s and complete all the preliminary plans Childs Co (2.40). . 2 55 45 Kress (SH)Co (j1).. ¢ The meeting of the leaders emong the | Copper (114). 20% Kreuger & T (a1.60). 89 mutual savings banks of the country is 25 5 5 > C 9 1 18 Kroger Groc&Bak (1) 369 considered highly important in view of 3 7 S 3 61 the action which may be taken on cur- ARt (15 rent economic problems. The program, | Leh \'x!ifly Coal. already announced, reveals unusual| b2 3 Leh Val Coal pf (3 ERy e - Lehman Corp (3).... : 5 Lehn & Fink (3).... - Lib Ow Ford Glass g % E Liggett & Myer (16). s . Lizg & Myers B (15) 1 7 5 3 OLDEST NATIONAL BANK in_the District of Columbia 808 S R TR 126 24% 6% District 9486 FIRST MORTGAGES Federal Credit Loans Increase. loans and discounts of the Pederal Intermediate Credit Banks increased to $138,083.210 on March 31, compared with $130,010.268 on the last day of 1030, it is shown by the statement of umd{‘uon issued by Federal Parm Loan 1t Of the total loans and discounts dur- ing the last quarter of 1930, $64,000,- 4 Comcl Cred pf B (2). 308 000, roughly, was made to co-opera- Comm Inv Trust (2). 12 tive associations and $65633.201 to| 21 Comm Solvents (1).. 40 financing institutions such as live smwlth&Sou (40c). 88 stock Joan companies, agricultural credit with & Sou pt (6) 4 corporations or banks. Respective fig- Nairn... 21 ures for the first quarter of 1931 wer 00,000 and $75,- Col Gas & El pf A (6) Col G &ElLpf B (5).. Columbia Graph 56c. 8 Columb Carbon (§). Comcl Credit (2). Comel Cred pf (1%).100s Lima Locomot (m2). Link Beit (2.40)..... Liquid Carbonie (3). Loew's Inc (3).. . Loew’s Inc pf (6%). % Loft Inc. Long Bell L Loose-Wiles (12.80 Lorillard (F) Co. Loutsiana Ofl. . Louis & Nash (7). 14 Ludlum Steel IN LOOKING FOR A SAFE INVESTMENT —you can give the fullest con- fidence to our 6%, FIRST MORTGAGES because they represent a type of investment which is entirely out of the speciilative class— and yet the definite return is very generous in amount.and paid with regularity. : Many of these First Mort- gages of ours are on new home you personally about 3 H i R % Life Insurance Trusts, s:;g;l;;ije—obhganons that are and their relation to 3 Your estate. NATIONAL Metropolitan Longer Life for Your Life Insurance LIFE American Trust Shares “The Leading Fixed Trust® Insurance Trust with The Metropolitan assures safety of principal, regular income for . your beneficiaries, and the careful, sympathetic management of trust specialists, Our Trust Officer will be glad to explain to McCrory pf (6) .. Mclintyre Pore M ( Mclkeespt Tin P(15). McKesson & Rob (1) McLellan Store: 82 1014 Consol Laundries (1) Consol RR C pf (6).. Consol Cigars (5) Consol Textile. Container Corp (A) Container B.. Cont) Baking A..... Cont] Baking B..... Contl Baking pf (8)., Contl Can (2%) Contl Insur (3.4 Contl Motor Contl Ol of Cont Share: Corn Pred Corn Prod pf (7)... Coty Inc......, Cream of Wht (12%) 10 Crosley Radfo....... 2 Cr Cork & Seal 2.40 1 Cructble Steel....... & Crucible Steel pf (7). 10s Cuba Cane Prod 22 CubaCo...... . 8 Cudahy Packing (4), 9 Curtis Publish (4)... 10 Curtis Publish pf (1) 1 Lanston Stock Sells Lower. Lanston Monotype stock sold off in| small lot trading on the Washington Stock Exchange today The stock opened at 95 ex-dividend and closed at 92!, on a turnover of 103 shares. There was one small sale of Mergen- thaler Linotype at 977, Five shares of Washington Gas ht stock sold at 115 today, off 1 t from the last sale. Riggs ational moved at 375 and American ity & Trust at 325. Carpel Corpo- ration sold at 24 and Peoples Drug Stores preferred at 101, while Potomac 51, per cent preferred came out at 109'; ex-dividend. Bond trading was confined to Wash- Sngton Gus issues und Capital Traction 65, with no marked price changes. U. 8. Steel Grips Attention. United States Steel stock gripped ttention on the local board rovms to- ‘day when it dropped below par soon ufter the opemnf, the first time since | 00 1924. It naturally cast & good deal of | '1 common sense investment, with safety good return marketability growth in value Over a Third of a Century Without a Loss Magma Copper (2) Mallisan & Co. Manhat Shirt (1) Marine Mid (1.30)... Marmon Motor Car.. Martin Parry. p Mathieson Alkall (2) Mathieson pf (7).... May Dept Strs (2%). Maytag COo..covsnvss Maytag Co 1st pf (6) Mexican Seaboard. .. Miami Copper... Mid Continent Petm.. Midland Steel (3)... Min Hon'w Reg (14). Minn Moline Pow. Mo Kan & Texas..... Mo/Kan & Tex pt (1) 4 Missour! Pacific.. ... Missouri Pac pf (6). (15 Mobawk Carpet..... 38 K~arp & Co. Inc. INVESTMENT SECURITIES Washington Offic Shoreham Building May be purchased in amounts' from $250 up. SAUL CO. Please send complete information about N.A.T. Shares. gloom around the financlal district, al-| 118% mual;nmny bankers and brokers still #ay this is a good time for sound dnvestment buying. In fact, there is considerable :vltlun;-em that 'vhtu;u’ );;.x been & good deal of investmgnt buy! for several weeks. o Curtiss Wright Corp 14 Curtiss Wr Corp A.. 41 Cutler Hammer. 3 157% 127% Drlaware & Hud (9), 02, Bb2% Dlll-lcthF(‘). 147 27 K 19 11 & Monsanto Ch W(1%) 6 Montgomery Ward.. 556 Morrell & Co (4.40).. 3 Mother Lode........ 2 Motor Meter G & Bl. 3 BANK |l Dswss . 15th St., opp. U. S. Treasury Organized 1814 ational 210 925 15th St. NW. 5 Mo i 2 LS e