Evening Star Newspaper, May 24, 1931, Page 64

FINANCIAL. | BOND SUMMARY FOR THE WEEK l GEORGE BAKER. IR, MUCH LIKE FATHER Son of “Dean of Wall Street” | X as Little Known as J. P. Maorgan, Jr. BY ROGER BATCHELDER. NEW YORK, May 23 (N.ANA).— ‘The shyness of a great man of finance, the junior George P. Baker, who has inberited one of the world's hw& fortunes from his father, “dean of Street,” has brought again & mist of secrecy such as that which surrounds J. Pierpont Morgan, son of the former head of the house of Morgan. Few know much about this new wer of Wall Street, although he has ggen in and around the First National | Bank since he was graduated from Harvard. Obeying the traditions of the elder Baker, who unobtrusively meoulded his institution intg the most powerful of its kind, none in the or- ganization will give intimate informa- tion concerning either father or son. ‘The story of the father has been w,’hn“;l‘:r.mbemuu’he h‘gum assoclates ess from Wi Te- TS enough to piece together mchrol::‘de of the bank clerk who forced his way to leadership, and was remotely connected with the Morgans | at times. Followed Father's Wishes, The son is the successful son of a successful father, a man who never was forced to work for a living, but who| became a banker because his htherl wished it. That was about all that| could be fnunhd‘ lnthn:e files of #l newspapers Wwhen younger 3 Baker was officially made heir to his father's millions and to the control of the country's greatest in-| ! { dustries. Wall Street has never really known | him; that is the reason. oommea from his home in Locust vuln, On the way to town he dresses and has breakfast and when he arrives at the pler of the New York Yacht Club at Nineteenth pe=t ha ) leaves the luxury he loves behind him. Sometimes a taxicab draws up be- fore the First National and a man, with & companion, gets out and casually pays the fare. More often an unostentatious Buick, the driver wearing & sports cap and no semblance of a chaufleur's attire, drives up and deposits this quiet man, who, it be thought, has been m-n a lift to his work in the bank by a friend. in the offices of the colossal lmrnn STATES GOVERN Stock and dividend. High. 020 Lib 8748 1932+ 47 T, Net Low. Close Chge. 1 .10223 10217 10218 103 16 103 10 10311 7 7 10710 + 7109 8 + us 16 11330 - 19— Hich, w0 72 Stock and dividend. 904 Abram & Straus b'% &2 Atleghany Co cv 58 Low. Close. @ 100% 100% 4 Japanese 6%s ‘54. 4 Kan City South §s 4 Kan City Ter 1st 4 dividend. High. 1063 100% 106% % 943, 106 100% 105% Kan City South 381950, 77 Kan Gas & Elec 4148 Kendall 5% 548 (war). Kreug&Toll s ct wi '69.. 4 Lackawanna Steel §s'50. Laclede5%s D '60. Lehigh Val cn 43 2003 Liggett & Myers bs 61, Low. Close. cnu 106% Fas8d i Am Agri Chem 11, Am Chain 6s 1933 Am 1 G Chm 5'%s Am Internation §%s Am Natural G 6%s Am Sm & Ref 1st 5 Am Sugar Ref 63 Am Tel&Tel cv 4% « Am Tel & Tei 5 68 Am Writ Pap 65 47 Argentine 53 Jun Argentine 6s A 57 Armour & Co 4133 '39 Armour of Del §%s'43 Atch T & S Fead) 48 95, Atch T &S F gen 43’05 AtchTo & S Fe 44848 Atlantic C L 1st 45 '62. Atl Coast Line 4148 €4 4 Auantic Ret deb 5537 Australia 68 °55. .. Austria 7s'43.. B&Ogold 4’48 B&Ocv4%s 4 Balto & Ohio B & O ref 5395 B & O ref 53 D 2010. Balto & Ohlo 68 'S5. B&OPLE& W Vi B&OS W Div 63 59 Bangor & Aroos 4s i Bank of Chile 61 Bank of Chile 6% Belgium 6s '55. Bell Tel (Pa) re 4 Beth Steel p m 63 '3 Bolivia 78 ct 69... Bordeaux 6s ‘34 Boston & Maine Brazil 6%s 192 Brazil Broadwy & 7t Brooklyn Manh 1st 6s Brooklyn Union 68 '60. 104% 101% 1005 1007 — Ty Loew's 100 100% 87 87 16 16 102% 102 104 104 1281 128 108% 109 60 92% Market 100% 5% 99% 4 Minn& 6% 76% 10014 101 56 106% 9754 1009 107% Nassau % N 101% 108 7 5a% 104% 109% 10313 & 1001 40 54 Lor{llard 6%s '37. . Louls & Nash uni 43 40 Manat! Sug s f 7%s 'fl . Midvale Steel Milan 6%s°52 MIEIR&L1 MStP&SSM Mo Kan & Tex 18t 48°90. Mo Kan & Tex adj bs '67 Mo Kan & Tex pr In 6sA Mo Pacific gan 43'75 Mo Pacific 5s A 65 Mo Pacific 6s I Mo Pacific 63 G... Missouri Pacific 5 H '80 Montana Power 68 1943. . N Y Cetft deb 63 '35 fcago & StL 4 Ch& SLref5%sA { Chi & StLouls 68 Inc 6s ex war'41 ¥ PEIELE StRyTs A 1] St L ref 814831, 105% Elac 45 ‘61 50% 14% mu' 117% 94% 105% 116 & Hart 4 %s 67 & H elt 68'40 5 5 % North Amer Ed 905 North Pacific 38 204 North Pacific 4s '87. North Pacific 53 D 2047. (Continued From Second Page.) Stock and dividend. Stand O1l Kxport g (§) Standard Ol of Kansas. . Stand Oll of NJ(12), Stand Ol N ¥ «1 60) Starrett (L S) Co($2%). Sterling Sec A). Sterling Secur Sterling Seo cv pEed) 4 Stewart Warner. Stone & Webster (3). Studebaker Co (1.30) Studebaker Co pt (7) 4 Sun Ofl (11)...... Sun Odl pf « Superheater (23). 4 Superior Oil. Superior Steel. Sweets Coof Am (1) Symington Symington Class A Telautograph (1.40) Tennessee Corp (50 “orporation (2 Thatcher Mfg (1. Thatcher Mfg pf Third Nat Inv Thompson (J R) Thompson Frod (1.2 Thomp-Starr pf(3% ) Tide Water Asso (40 Tide Water As O pf ¢ ‘Tide Water Ol pf ( % Timken Det Axle (30c) Timken Roller Bg (3).. Tobacco Products. Tobacco Prod (A)(195¢). Tobacco Prod dv etfs C.. Transamerica Corp (1).. Transue & Willlams (1). Tri-Continent] Cor| ‘Tri-Con Corp pf (¢ Trico Products (213) Truax Traer Coal Co. Truscon Stl (g1.20). Twin City Rap Tr (§4) Ulen & Co (1.60) Underwood-EL Underwd-Ell-F ps (1) Union Bag & Paper. Union Carb & C Canada 53 ‘62 Canada Natfonal Canadian Natl 4%s '68... Can Nat July 5s 69 Natl 53 69 Pacific deb 45749 102 Central Pacific 65 1960. .. 3114 Certain-teed 535 1948. .. 95% Chesapeake Corp 58°47... 103'% Ches & Oh gen 414592, .. 9814 Ches & Ohio 4393 A... 993 Ches & Ohlo 4 3%s B '95. 100 ChiB&Q4 B"7. 107% Chi B & Q ref 6a°71 30 Ch & East Il gen b3 61 ChiGreat West 43’ 56 ChiMStP&P 6. 19 Ch! M St P & Pad fis. 107% Chi& N W 60 Chicago Rys 6s "2 92 ChiR1& Pacref 4s34. 77 Chicago Rock Isl 4%s 'Cfl 84 Chicago R I4%aA. 102% Chi Union Station 4 114% Chi Union Station 6% 871, Chl & West Ind con 4s. 10215, Chi & West Ind 5% "62. . 48 Chile Republic 65 1960. Chile Copper s '4 21 Chinese Govt Ry bs 96 CCC&StLIf4%sE" 1. 9114 106% 106% 101% 101% 107% North Pacifio r 1 6s 2047 Northern States Pow ba. Norway 6%s. . 4 Ore Wash 1st ref 4s°61. Ortent Dev 5% '57 4 Pacific Gas & Bl §s 42 Paocific Tel & T Pan-American Paris-Lyons-Med 4 Paris Orleans §%s 1968 60 Pailips Petrolm 6% Pireili Co of Italy Pittsbgh& W Va 4%5 C ‘60 Poland 8s°50. .. Postal Tel & Clb 6833, Queeaslana Queensland 7s P Reading 4%s 97 Un Oil of Cal (2) United Atrcratt. Unit Atrcraft pf Utd Am Bosch . UnitedBiscult Unit Carbon. United Cigar S Utd Cigar Stores pf( Unit Corporation (75e¢) Uniied Corp pf (3).. United Dyewood pf United Elec Coal. (RNE) t+itl+4+00001101010 S AL R RSB SRR Pi+0ta41 LI+ w5 "sp 2 s2Fs"F 2 5r IBEEREEFEE L FFFE ' « ® ¥ % 13% ) 13 rnloll y :xE 23% Steel Corp pf (1).+s 143 U S Tobacco (4.40). 68°% U S Tobacco pf (7). United S1ores A. . Unit Stewes pf (4)...... Universal Leaf Tob (3).. BONDS IRREGULAR, * BUT TREND HIGHER ! istic Restricted Proportions of Short Session. Univ Leaf Tob pf (8) Umv Pictures 1st pf Va Iron Coul & Coke Va Iron Coal&C pf (5) Vulean Detinning (4). . Vulcan Detlaning pt (7) Wabash RR. Waldorf System (1%). . Warner Bros Plet. . ‘Warner Bros pf (3.85).. Warner Quinlan Warren Bros (3). W'ren Bros ev pf (3)... Warren Fdy & Plpe (2). Wesson 011 & Snow (32).. Wesson Oll & Sn pf (4). Penn Elea A (7)... Penn Elec pf (6).. Penn Elec pf (7).. Penn Po prs). West Penn Power pf(7). Western Dalry (4). Western Dairy B. Western Maryland, . Western Union Tel (8).. Wuun‘hnul. Alr B (2), ’ ALEXANDER HENDERSON, ssociated Press Financial Writer. y YORK. May 23—The bond moved ahead frregularly today, hough trading had the restricted pro- uum characteristic of & short ses- Fiobably the most significant fact of the market was the continuance of the advance in the corporate issues of high credit standing. Contrasti with this movement, Liberty and United States Treasury ‘loans were generally lower. 5% The fourth Liberty 41(s and the Treas- 4 |ury 4s of 1944-54 and the 3%s of | 1941-43 were active. { i 100+ 44+t Atchison General 4s led the gilt edge issues upward and closed at an 114 | new 1931 high at 101. Gains were the 4| rule among such high-grade obligations *{as American Telephone debenture 5138 2, |of 1943 and 5s of 1965, Baltimore & | Ohio first 5s and refunding §s, Kan- su Gas & Electric 41:s, Duquesne Light Detroit Edison, series D, 4%s; ‘/;] New York Central 413s of 2013, Louis- 1% % ville & Nashville unified 4s, Pennsyl- vania_general 55 and gold 5s, Philadel- H)hm Electric 41:s of 1967, Public Serv= ice Electric & Gas 415s of 1970, Reading, 1| serles A, 4%s; New York Steam Ss, | Western Electric 5s of 1944 and Western ““ Union 5s of 1960. Some of the forego- 14 | ing bonds also reached new peak levels 2 | for 1931 Declines were principally fractional, *| although a fow wider losses were record- 1% | ed by some speculative obligations. | Bonds closing with net losses of 1 point | or more included: - California Petrosuns 5!, McKesson & Robbins 5i;s, Manati Sugar 713s, Missouri, Kansas & Texas, serles B, 4s;: Gulf States Steel W.u, |4<1\'y\])I\I1+14D Wlll’l—Ovarhnd of (7) . Wilson ‘Woelworth Co (. % Worthington Pumo. . Wright Aeronautical. Wrigley Wm (4). IREREREEE S ing & L Erle bf‘.. White Motors (1). . I ++ euee % by 3% 2% 6% + ® Yale & Towne (2) Yellow Truck & Coach. . 4 Young Spring (3).. Young Sheet&Tube(4). . 2% Zenith Radlo. ... Zonite Prod Corp (1 Dividend rates as given in the above tabl cash payments based on ‘the-latest uarierly or el yersly hnual t ot {iading less than N regular r zable In cash’or stoc rf‘hqm a Plud 8% N o 1% % = i — 4% % 1% 21 the annual B‘Pfilln vrlnly uu 1Plus siack. 'y Fasibia whln it apus"s! Tn Bedfervea focks Tona g 1 . 103% CCC&StLEsD.. 108% 105 Cieveland Term 6s B 73, 108% Cleveland Terminal 5%s. 42 Colombia 961 Ja 37 Colon O11 100% Colo & Sou ref 4%s % 1 4 96% ColumbG & £ deb 68 52, . 91'% Comm Invest 534s 49 24% Con Coal (Md) 1st ref 5. 97% Copenhagen 5s ‘52, 53% Cuba R R 68 562 40% Cuba North 6% 5 1095 Czechoslovakia 8s ‘51 103% Del & Hudson 5%8'37. Rome ¢ 105% Rhine Westphalia Rio de Janeiro §s'46. Rio Grande Do Sul RIATk &L ¢%a"3 - i% 23% —E"/fi 96% — %852, 00000 -m 95 8% - % - _5% /STEEL PRODUCTION +| DECLINES FURTHER General Trend of Metals Markets Downward at INVESTMENT TRUSTS NEW YORK, May 23 (#).—Over-the- market: counter series D. B33 LIS 200 ST BC il A 2> > Iny e TR ] O & 3 Kendall 53:s of 1948 and certificates for Richfleld Oil 6s. Foreign obligations advanced irregu. larly. Peruvian first 6s lost most their early gains. The fiscal agents of the Peruvian government made | & letter outlining its debt plans. { %a‘:i:nw;;e recorded by some Chile D WORK FOR 538 er | CHICAGO, May 23 (Sp‘clll).—m | Chicago & Alton Rallroad will recall 538 men between now and June 1, nccordmg to an official of the com- g On May 25 the road will add 00 track workers and 238 workers 'lll return to the Bloomington, TIl, shops on_June 1. b —— — ] First Trust Money promot Comtbertion or Fok: Riishestion A.C. Hm’htm & Co., Realtors 151 Distriet 1587 T S —, North 721 18¢h St. N.W. 4 S AUTOMOBILE, LIFE, LIABILITY, FIRE, BURGLARY AND TORNADO INSURANC Thos. E. Jarrell Co. National 0765 Money on Hand to Loan on American |'"Trust Shares “The Leading Fixed Trust® eA common sense| llnvcstment, with safety good return marketability growtla in value First Deed of Trust 6% Interest 100% Denmark 6%s l’" IMK ww Denmark €3 °42. . 101 % 10§% 93% 57 R enboar: 1064 Sell‘ Dept of %a. 17% Ser! 184S 681, Serbs Croats Siov 90% Sinclair Ol Te'37. End of Week. & & Ly kJ 8 h-.lo'.ull"n’ Detroit United ¢ %48 By the Associated Press. it E?Es 2 i A , by North Am (Coparisht. 1931, by Morth Am: Baltimore Markets Bpecial Dispatch to The Star. oid hens, demand more active '&m‘ J;wh':m' trade buy- for their B - o)y full-feathered, fat stock, 2V gounds and over. are moviag w bile ai undersized stock i at inside prlwea Mlx;d wl«:‘ Spric ers, 2}, pounds and over, ready sale 84 3 o 3% and smaller, 2 to 2% pounds, 30 Leghons are n:nww-hlennduum &% Bafit e Dodge 6; Duquesne 415 1967 Dutch East Indfes 65'47. . Dutch East Indles 6s '62. . East Cuba Sug 7%s'37... Erie 18t con 45 '96 Erle gen Hen 45 °96. Erie ref 5567 Erie 5575 Fiat 7s (xwar) *46 Finland 78 ‘60 101% 101% enkirchen Min 6s '34 Ol N Y ¢%a Sugar Est Orfente Swiss 5%a'4 4 Tenn Copper 6s B 44 Texas Pacific 5s BT Texas Pacific § ,. xs::r:§ FEEE sale klh 10 to neral Cable b%s 1947, ., Gen Motors 68 °37. . Grand Trunk 78 "40 Great North 4%s ‘7! Inter Rap Tr bs sta ‘6 Icter Rapid Tran 6s 32 % Inter Rapid Tran ev 7 Inter Cement Inter Gt Nor Inter Paper bs A '47. Inter Rv Cent Am 6% Int Tel&Tel cv 4%3 ‘39 81 8t 17 cents & dosen for nearby firsts, but oply e‘nm nock will bring this mflu have to be sold af Demand for old potatoes very slow, and the market is weak, with prices lower, at 150 t0 1.60 a barrel for well graded No. 1 stock, but ungraded, mixed stock will not bring over 1.00 | t 1.25. Season for sweep potatoes | over, and ments are not advisable, | but demand for white yams continues | good, at 350 to 4.50 & barrel. Market for pative and nearby garden | truck is easier on mmt lines under lib- | Teceipts, an: are generally | n ' hvw n '.hn follow! tations: Medium to large green aspara- gus, 1.00 wuzoo perldofi? but small green, as Wwell as partly white grass not | 50 Oulru;ble and will not bring over 50 to 75; beets, 5.00 to 6.00 hundred: blu~ 30 bushel: lettuce, 50 to 65 bushel; Spring onions, 50 to 1.00 per hundred; early June Virginia peas, 150 to 2.00 per 5-peck hamper; rad- ishes, 50 to 1.50 per hundred; rhubarb, | 2.00 to 4.00 per 25 to 35 bushel ‘The live cattle market continues uiet and very dull, but values show | from last week, Demand able stock, with common undergrades dull and | lel today at Light flrl! quality, pound, 7 to 6: bulls, s large. | o'hin, 4 to 3 rough | , 4 4 to 5 old bucks, 2 3: lambs, choice, 11: mr to l.:lmlfl thin, & to 7; Fall o : live’ pigs, 15 to 18; ",’.' P quo- | undred, and spinach, | 79 L4 65 87 103% Third Ave 1st ref 4s Third Avead) bs Toko Elec Pwr 7 Unlon Pacific 1st & 83% Vienna 631952 Va Ry & Power 6 Virgiala Ry 1st Wabash 58 D '80 Walworth &s Walworth 6%s '35 Warsaw 78 1968 % West Shore 1at 432361, West Maryland 43 'u. West Maryland § d Weatern Pacific ba u Western Union Tel 6 ‘il Wilson & 95 Yokohama 99% Youngstown Steel 60 ~11 55% —4% 2% — 1 7T — % 88 —2 77 14 4 107% — W 6% —1 095 995, — 3 100% 100% + % Co 1st ‘41 ‘CANADIANS IN POOL | TO GUARD STOCKS Banks Reduce Marginal Require- ments on Call Loans to | 15 Per Cent. Special Dispaich to The St 1‘0540N’r0‘ )uy 23, Muvlnl that y Canadian s being sacri- nuA at prices u:-t "kz no coghizance of either their own earning power or of the generally sound financial condition of the country, an organization of pow- erful leaders is forming in Montreal in | order to prevent further liquidation of valuable securities. This is not a bull pool, but merely agency to protect both the ou ht and marginal holders of Canadian shares. One constructive result of this move- ment was the reduction st the begin- i of the week by the leading banks | and trust companies of their marginal :raqukemnu on call loans to 15 per with a minimum of $5 on low- }prw siocks. This reduction has al- ready exerted s reassuring upon sentiment. Other devs ment can find suficlent argumen the creation of an lwmh-lll% Ieenng | in the market. These is, | the external trade ol !hn Doml.nlon, which may be used as ve fac- tor, since it declined in Ap ‘ll,'” - 000, the luwul )evtl since 1922. On the | other hand, y be pointed out that the value of nk:xa.l. fish and cheese ex- wholly ~due the decrease smount of eonl carried, and the dlmln- ished use of coal is largely offset by the greater employment of hydroelectric Power. The low price of wheat is still one of the most serious difficulties that the country has to face. But some of the .mm p essive nm growers already e that their wheat profits m result of only four or five months’ work in each year. As s re- sult, they are more completely provid- ing for their own requirements and also for an export trade in animal prod- ucts by their labor lhrou‘hout the whole 12 months. Heavy export of cattle to Great Britain has marked the trade of recent weeks. An interesting feature of export during the present week has been the initial shipment of range horses to Prance, | whau they will be slaughtered and sold meat. (Copyright, 1931) TAMPA CAFE OPERATOR AND WOMAN FOUND DEAD Bodies in Cottage Cause Police to Express Belief Shooting Was Done by Man. By the Assoclated Press. TAMPA, Pla., May 23.—C. J. : c;lt:wuw_uwr m::ad “nlnw‘m:- ] cee Te) Ve fancee, wre"t\;:nd shot w‘c-ua‘u: .l and police axsressed Gh‘n l:el!el he killed her and committed suicide. A colored maid told authorities she hurd two shots soon l’terh:rflvhu work. Stephens found on the floor in Mrs. Bailey's | 70om with a bullet wound in his head end a pistol clutched in his hand. hnd}' was found on bed. her temple had caused death. Russia, uhmlrmmmmi any constitutional authority, NEW YORK, May z:—m tapering off in demand for steel has been u! cons! miscellaneous products cluumm m the sasging rate of wzu is chiefly to small for lh'uc steel, less active automo- hfic woduuu and restricted bu hy Ingot Drndlu:l on is lnl 45 per of Scrap prices dunhyad mrcher eumul. and there were reports of shading in other Hnes. Demand for pig lron is lmited, “‘:;x prices steady. T W at Coppe! ened further, to 8%, cents, which is said to be equal to the nn&rd low u;,;lce“ oxlmo Only a moderate dem: veloj at level, at which custom ln.wpl‘fgu oflc‘l‘a‘; Hm! quantities, woduuu maintained their ‘Lounnn at 9 cents for electrolytic, delivered in the Com- ucu: Valley. A quarter-cemt reduc- tion in the export price early in the '-.k stimulated foreign bring- ing these sales up to the same volume as in the prmdinl two months, but lur:lkl:: :::luuhm l.l)h the domestic ma; haln-yu abroad restricted this demand later. main- Higher lI‘un prices x'“l:d tained when demand failed to devel following announcement by mc::n:? uon.u producers of a proposed 16 pe: er reduction’ in world ong gut Ln:‘l"lh:l lgvldeet levels, llhhuy more nterest developed, and the un- S Nk ‘uneman quie unchanged, with t but steady demand practically absorb- ing current production. Al statistics sell at were interpreted favoral by the ! X ly by the Zine eased, owing to continued indif- ference of consumers and willingness of producers to sell. Antimony continued to decline under | pressure of unul omflnu from China. | greater | Nor CAERLEON BRINGS $30,000 AT SAI.E‘ | = Second Best Price Is $20,000, Paid for Epithet as Cochran Stable Is Put on Block. By the Associated Press. Island, Iny‘ 23—Caerleon, & 2-year-old belonging to the estate of the lats G. Cochran Stable. was the buyer. Epithet hrou:ht the second best Dflce $20,000, being purchased by the uén\ ‘The Wheatley Stable | ran’s great little nlly. went to lnldy for $18,! thn imported stallion G e T h S out of an Other Helianthus to the —— ® m“g ‘; ’imflfifl e’l‘.g: ,000; $0000: "Rrtomianes $5,700; Xenofol to W. K. Dupee, EX- CHAHP ROBEED Tommy Young nnd Wlfe Buten‘ Lnse $3,350. ho wa: fin: RER2RERRERERRREREEY LYy n & Curtls }‘"2‘:‘ of ndustty A asders o under.s ot Tndustry ¢ d Shrs, ull A Nor Am "Tyust 'Qmm Northi &Sfi Y 1o ek Slen, THad A Power & Rail biic Service K presenta ux s, | Sedur B ot ? Secu Recond It Sectr Gorn & Sec Tt Seeur Corp 8% St 'Za Am_ Shares. . . 2F: Tncom me & .mn'!d Mnnunmen‘ ‘mut_ Bank n“." | Stand Am ‘Trust Shr: nd Collat Trust A. Cochran, ; brought $30.000 today at the sale of the | U7 fled Bixed 2o Sequaty, T? Dited Fonn o170t Tniied o “Sn % M s(“kl (in New York, Washington end ht, Sold and Quoted by ong dtines telephobe. wm report wil be fur- | B F bank the > . United lhul. on nqu Robert C. Jones & Co. “Svecialists in Bank Stocks” Met. 2022-23 Shorsham Bidg. g 25 Zeananind FREE ON P Attr; froe. Retnracthis o ExBion i | pTen Hones Ruwulk Ot-h-h‘: and Toacquaint you with the vu orid (Founded 1907) th tnvest @ offer a. “’i“ our next issue and [ apmi ) Knarp 59‘ Co. Inec, INVESTMENT SECURITIES Weshingion Ofice ——y Shorcham Building Telephone Metropolitan 1522} %FINANCIAL WORLD I Addres Oue of a Century Without @ Loss America’ g_luuea-nt-u Business Weekly | 53—FM Park Place ' cr a Third National 2100 New York wlz co-operate in every possible way to expedite action on applications for FIRST TRUST LOANS—and upon approval the money is available without delay. Applications are welcomed for FIRST TRUST LOANS (new or refinancing) on apartment house, office building, residential and busi- ness properties—located in Wash- ington, nearby Maryland and Vir- ginia, for 3, and at on]y. or 10 year perlnds— RANDALL H.“AGNEB & COMPANY MORTGAGE LOAN CORRESPONDENT 1321 Connecticut Ave. Decatur 3600 MORTGAGES A FAVORITE INVESTMENT WITH FINANCIERS No matter how much attention they pay to speculative investment vou'll find FIRST MORTGAGES snugly laid away in the strong boxes of the most daring financiers. They recognize in them the safety and return that are dependable un- der all circumstances and conditions, Our 6% FIRST MORTGAGES are of this class—and are available for investment to those of large or modeést means. May be purchased in amounts from $250 up. SAUL CO 925 15th St. N.W. NO. SUBSTITUTE FOR SAFETY