Evening Star Newspaper, May 25, 1931, Page 13

F1 VIRGINIA PEANUT MEN l TO WEIGH CO- OPERATIVE‘ | Lowest Rates of Interest and Commission lThomu J. Fisher & Company, Iitc. FINANCIAL 1931 ANCIAL. WHDLESALE PRIES | | CONTINDE DECLINE STAR, WASHINGTON, D. €. MONDAY, MAY 25 MANY BEST STOCKS |DOWNWARD TREN REACH NEW LOWS| IN STOCKS IS SEEN THE EVENING NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. By the Associated Pre: SUFFOLK, Va., .May -25~Virginia ~Prev. 1931~ Stock and Prev. Note—All stock are sold In one hundred share lote Dividend Ri Lovw. Hanutabturing and' Employ- ment Show Little Change, Reserve Review Says. BY EDWARD C. STONE. Whelesale prices continued to de- cline, money rates eased further, while | manufacturing activity and empln)-\ ment showed lit- tle change during the past month, according to the business and finan- cial review of the Federal Reserve Board, made pub- Jic today. The board’s sea- sonally adjusted industrial produc- tion index for the latter part of April_and most of May has increased to 89, compared with 82 at the low int last Decem- T, Sieel mill activity . declined, but consumption of cotton by domestic mills continued to increase, contrary to the usual seatonal movement, while there was a deocrease in unfilled orders for cotton cloth, which was only partly | seasonal in nature. Loans and investments of reporting members banks in leading cities de- | clined by about $150,000,000 between | April 1 and the middle of May, re- flecting substantial liquidation in loans on securities and in all other loans, largely commercial. This liquidation of Joans was offset in part by further large additions to the banks' invest- ments, which on May 13 were over |, $1,000,000,000 larger than at the be- ginning ‘of the yea Y ‘Currency Demand Increases. " Volume of reserve bank credit de- #ined somewhat in the six weeks end- ing on May 16. Confrary to the usual geasonal tendency, there was some further increase in currency demand for the period, reflecting chiefly bank- ing disturbances in the Middle West. Gold imports continued in considerable wolume and supplied the member banks with sufficient funds to meet the addi- tional demand for currency, and also to reduce somewhat the amount of peserve bank credit outstanding. Money rates declined to new low. Jevels during May. Rates on bankers’ Beceptances, which had declined from 1!z per cent in the middle of April to 11 per cent by the end of the month, were reduced 7 per cent by the 19th of May. Rates on commercial paper declined from a range of 2%;-21% to range of 2-21, per cent. Value of bulld\nz contracts awarded, ‘which fluctuates widely from month to month, declined considerably in April, according to the F. W. Dodge Corpora- tion, and decreases were reported in all the ‘leading classes of construction, In the first four months of the year total swards decreased 26 per cent from the eorresponding period of 1930, reflecting declines of 10 per cent for residential building, 17 per cent for public works and utilities, 25 per cent for educa- tdonal buildings, 43 per cent for facto- and 57 per cent for commercial ings, today’s report says. Miss Kreig’s Fourth Triumph. Miss Catherine M. Krieg of the Riggs Wational Bank, who has just won sec- ond place in the American Institute Bl] Banking's annual essay contest, has carried off these honors four times. efl: gives her an all-time record in n chnpber for writing win- requiring ln Catherine M. Krieg her paper @0 the contest. In 1929 Miss garried off first honors, and in !928 she won second pi with an essay on “The ‘ublm:ment of a Credit Bureau.” The District Bankers’ Association estab- Sished such a bureau that same year d it has been in successful operation :vr since. Miss Krieg has a natural bent for writing. This year's subject was he “Function of a Modern Bank and e Service It Should Render.” It is Bt Hot Springs in June. Rising Bond Market Seen. One of the brightest spots in the ncial _situation, says the United | ness Service of Boston, is the way $n which the bond market has re- Bponded to the recent rediscount rate | cu h; the Federal Reserve Bank of ork. “The new rste of 172 per cent gives cial recognition to the fact that ney rates are likely to be very low for an extended . ‘The object, rently, is to make the return on rt-term r s0 completely unat- { 129% excepting those designated by the letter s (80s) (250s), which shows those stocks were sold in odd lots. 14% 10614 2314 126 42% 187 29% 62% 38 12% 63 15214 28% 120 53% 28% ~Prev 1931~ High. Low. 3! 100 13 3 73 | 182% 1104 122 24 10 14 36 6 31 a5 145 Stock: and Dividend Rate. '3 Abitibl Pow & Paper Abraham St f (7). 15 Adams Express (1) s Adv Rumley (new).. 14 Alr Reduction (14%) Alaska Juneau (40c) Alleg Corp. Alleg Cp $30 ww 6% . Allez Steel (12.80).. Allied Ch & Dye (n6) Allied Ch & D pf (7). Allis Chalmbers (2). Alpha Port Cemt (1), Am Agri Ch of Del.. Am Bank Note (13). Am Br Shoe (2 40) Am Brown Rov El Am Br B E pf (T) 14 Am Can (15)..... Am €an pf (T 18% Am Car & Fdry (3).. 5% Asso Apparel (12) 20% 19% 203% 1481 108% 102's 85% Atl Coast Line (7)... 36 Am Chain pf (7) Am Chicle (13)... Am European Secur. Am & For Power. ... Am & For Pow 24 pf. Am Hawailan SS.... Am Home Pr (4.20). Am !ce (3) Am International. Am Locomotive (1). Am Locomot pf (7). Am Mch & Fdy 1.40. Am Metal Co.. Am Nat Gas pf. Am Pow & Lt (1 Am P & L pf A st (5) Am Pow & Lt pf (6). Std San 60c. nz Am Safety Razor (5) Am Shipbuilding (5) 18 £ Am Snuff ($33%).. Am Solv & Chem pf. Am Steel Fdy (3). 4% Am Steel Fdy pf (7). Am Sugar Ref (5)... Am Sugar Ref pt (7) Am Sumatra Tob. ... Am Tel & Tel (9). Am Tobacco (16) Am Tobacco B (16).. Am Type Fdy pf (7). Am Water Wks (3).. Am Woolen. Am Woolen pf...... Am Writ Paper ctfs. Am Zinc Lead & Sm. Anaconda Cop (1%). Anaconda W & C (1) Anchor Cap (2.40). .. Anchor Cap pf (61). Archer Danfeis Mid. Armour of Del pt (7) Armour of I11 A, . Armour of 111 Armour of 11l p Asso Dry G (2%). Atch To & S Fe (10). Ateh To&S Fe pf (5). ¥ EUTS PR SIS AULGuif & W L pt (5) 12% Atlantic Refining (1) 11 295)s 1013 Auburn Auto (f4)... 2zr. Autosales. Av Baldwin Loco (1%). 11 Baldwin Loco 87 b53% Balto & Ohlo (5).... 16 101% Bambeiger pf (6%). sun 6% Barnsdall (A) (1)... 107 65 Beatrice Cream (4).. 4815 Beech-Nut Pkg (3).. 15% Bendix Aviation (1). 321 Best&Co (2)....... 2 39% Bethlehem Steel (4). 394 <17 60 Blaw-Knox (1%).... 3 20% Bohm Alum & Br1%. 3 9 Bon Ami (A) (4) 61% Borden Co (k3). 17% Borg, Warner (1). . 1% Botany Con M (A) 1014 Lriges Mfg (11%).. 2 Brockway Mot Trk. . B8% BKlyn-Man Tr (4)... 51% muntq:: T pt u). 12m 103 Bkiyn ruan 40% 323 Br 9% - B% Bruns. Bklyn & Queers. ... 6) hde ‘er. & 20% 12 Bueyrys'(l), 111% Bucyrus pf (7) 'a Bucyruscv pf (2%4). 114 20% 35 7 Budd (EG) Mfg pf.. 4 Budd Wheel (1)..... 4 1031 108% 9% Bulova Wateh (1%). 21% Burroughs A M t1%. 17 Bush Terminal (2%) 95% Bush T BIdg pf (7).. 2 70 Bush Term deb (7).. 1% Butte Copyper & Zinc. 10 Butterick Co. M 20 Calif Packing (2). % Callahan Zinc & Ld.. 26% Calbmet & Ar:zona.. 6 Calumet & Hecla.... 11% Camp W&C ¥y (1)... 297 Canada Dry G A (3). 247 Canadian Pacific 1% . % Cannon Mills (1.60). 6214 Case (J 1) (6). 24%% Caterpiliar Trac (3). bix Celotes Co.. . 413 Celotex vic ctfs. 14" Cent Aguirre As i%. 214 Century Rib Mills. .. 15% Cerro de Pasco(1.50) %74 Checker Cab MfE. ... 4« Ches & Olio (2%)... Chesapeake Corp (3) 9 (] SRomurmpmnARBanG o sates— Add 00. High. Low. Close. Close. | 34 3% 134 Prev. 814 4 103% 103% 100'% T 163 106% 110 2 1460 105% £ 35 14 106 40 3% 13% 110% 110% 23% 23% 45 45 81 22% 20 101 72 99 44 27 Elec Auto Lite (8)... Elec Boat. . coee Elec Pwr & Lt (1 Elec Pow & Lt pf (§) i Elec Stor Bat (6).... Eng Pub Sv pf (5). ing Pub Sv pf (534). Eq Office BIAE (2%). Erfe RR. o RR 18t pf (4)... reka Vae Cleaner. d Lt & Tr pf (6). . mo- ed Mot Truck (40c) 3 Fed Wat Sv A (2.40). Federated Dept Stra. “id Ph Fire In (2.60) th Ave Bus (64c). Firestone T&R (1) .. First Nat Strs (2%). Fisk Rubber...... Florsheim Sh pf “ollansbee Bro: 0od Machinery Foster Wheeler (2).. Fourth Nat Invest. . Fox Film A (4).... eport-Texas (3). 2d pf +6.7 Gardner Motor. Gen Am Tank Gen Baking (2) Gen Bronze, ien Cable Gen Cable pf (7). Gen Cigar (4) Gen Elec (1.60) Gen Elec spec (60c). Gen Focd Corp (3).. Gen G & El A (e30¢ Gen G & El cv pf (6) 4« Gen Motors (3).. ien Motors pf (5)... n Outdoor Adv n Public Service Gen Refractories ( Gen Theater Equip. Gillette Saf Rasor... Gillette Saf R pt (5). Gimbel Bro: Gobel (Adolf). Gold Dust (2%). Goodrich (B F) Granby Consol (2) Grand Si1 Strs (h1).. Grand Unfon.... Grand Union pf (3).. Granite City St (3) Grant (W T) (1) Grt North pf (5). 22 Grt Nor Ore (2) Grt Western Suga 2 Grt West Sug of (7). an- Grigsby Grunow 5% Hahn Dept Stol 5 9 Hahn Dpt St pf (63%) 1 Ham Watch (11.85). 20s 4 Hanna pf (7).. Harb Walk Ref Hartman Corp (B) Hav Elec Ry pf (6). Hayes Body..... Hershey Choc (5)... Hersh Choc pt (16).. Holland Furn (12%) Hollander Sons...... Homestake Min (17). Houdallle Hershey Houston Ofl (new) Hudson & Man (3% ). 4 Hudson Motor (1). Hunp Motors. 1llinois Central (4) 4 Indian Motor Cycle. . Indian Refining. . Indust Rayon (4).. Ingersoll Rand (4) 4 Inland Steel (234). Inspiration Copper % Interb Rap Transit Interboro R T c.0. Intercont Rubber Int Bus Mach (n§ nt Carriers, Ltd Int Cement (4) . Int Combustion. . Int Harvester (24).. Int Harvester pf (7). Int Hydro E1 A (e2). Int Match pf (4). Tnt Mer Marine (1) Int Nickel (0¢). Int Pap & P of (1)... Int Print Ink pf (6).. 208 Sates— Add 00. Hign. 50 44 57's 80% 122% 1184 Jones & Laug pf (1) Int Rys Cen A pf (5) 10 29% IntSalt (3).. 18% Int Tel & Tel (2) 1215 Inter Dept Strs ( 10% Intertype Corp (1) Investors Equity Island Cr Coal (4) . 39% Jewel Tea (4).. 42'% Johns-Manville (3).. 128 408 28% KansCity Sou (5)... 1 12 vuer (J) &Co (1). {elsey Hayes (2) Kelvinator Cor| Kendal! Co pf (8) Kennecott Cop (2). Kimberly Clark 24 .. ey (GR)Co pf.. Krenge (58) Co 180, Kresge (88) pf (1) EH) Co (§1) Kreuger & T (a1.60). Kroger Groc&Bak (1) 66% Lambert Co (8 Giose. Uiose. s | tors. | the trading, the market worked steadily | through 164 to a new low for the bear | Heavy Losses Recorded by Leaders in Steady Price Decline. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, May 25.—Under a steady stream of offering the stock market to- day worked continuously lower, During the course of the session new lows for the bear movement were made by such typical issues as U. S. Steel, American Can, American _Telephone & Tele- graph, General Electric, Atchison and Union Pacific. Other stocks, one of which was Gen- eral Motors, held only fractionally above their extreme low. The decline was effected on small volume and with- } out special incident. Auburn Auto broke over 20 points, but that issue normally fluctuates over a wide range. For other stocks there were buyers at moderate concessions on the way down Just before the close there was a feeble rally, presumably on short covering The selling which depressed the mar- ket during the morning hours was plainly disheartened liquidation. Save in & few special cases it was not the result of fresh commitments for the de- cline. As a matter of fact, there was heavy short covering last week by pro- fessional operators in expectation of & ! sharp technical rally. Therefore the market foday was deprived of that, source of support. Left to itself, the! selling orders over the week end brought & generally lower scale of quotation: The most discouraging feature the lack of resistance in the railwa group. The flurry of strength iollow ing the announcement on Thursday that application would be made to the In- terstate Commerce Commission for an increase in rates. disappeared. Instead carrier shares were in supply and drifted downward.: Union Pacific sold at the lowest in five years, although the road is earning and paying the regular $10 dividend and is in an exceptionally strong position. However, from a specu- lative standpoint high-priced stocks are in as great disfavor today as they were | popular two years ago. Other new lows in the railway list were recorded by Chesapeake & Ohio and by Norfolk & Western. Atchison broke through 150 again, New Haven lost & couple of points and so did Chi- cago & Northwestern. Of course, there was nothing in the April earnings statements which came to hand to encourage buying, but it had been thought these staterhents had been dis- counted. The feature in the industrial 1list was the new low for United States Steel and the selling of General Mo- Remarks of President Farrell, broadcast, to the effect that trade re- vival was in sight, were no help to the market, which kept in mind his state- ment as to the difficulties most steel companies would have in earning pre- ferred dividends under present condi- tions. ‘Without change in the character of lower in the afternoon. Volume was | light, but quotations kept sagging. | American Telephone & Telegraph broke | market, and Western Union, well under | par, was also at a new low. Selling | spresd to the utilities, but their losses were comparatively small. General Electric and Westinghouse, both of which often move with the utilities, were weak. For a time during the morning Au- burn Auto stood out. resisting pressure. | but in the afternoon it succumbed. | Peoples Gas, the only other active stock in the 200 class, lost 5 or 6 points. Du Pont went down with General Mo- tors, in which it has £o large an in- terest. Crucible Steel made a new low with United States - Steel. Atchison | joined Unfon Pacific at the lowest price of the decline. Corn Products made a new low. and so en. The day was singularly destitute of news which might be expected to in- fluence prices. Even rumors were scarce, (Copyright, 1931.) New passenger automobile registra- tions in Wayne County, Mich., for the first 21 days of May for 16 makes of | cars totaled 4,673, compnnd with 5,167 for_the entire month of Aprl ESTATE LOANS 5%% INTEREST | the | prevails Brokers Express Opinions Prices Will Continue to Be Irregular, B the Associated Press. NEW YORK, May 25.—Brokerage house market comment todey looked for further irregularity of stack prices, with the trend probably downward, Optnions include: Clark Williams & Co.—There is no doubt that many stocks are sclling far below their intrinsic values, but we do not lock for any material advance in the market until there is some favor- lopment of importance to ; ral, and further irregu- larity in prices is to be expected. We suggest that purchases be made only during reactionary periods and be con- fined to issues of representative com- panies which have accumulated sub- stantial cash equities in years of favor- able business operations. Smith, Graham & Rockwell.—Prob- abilities favor continuation of the down trend. Redmond & Co—We anticipate fur- ther irregularity during the coming week and look for many issues to reach new low levels before any sustained upturn takes places. Shields & Co.—The important con- sideration now in the stock market investment status of stocks. Buying for a rally has proved expensive in recent weeks and promises to remain dangerous for the immediate future, R. V. Hiscoe & Co.—There s hardly any question but that a “buyers’ strike” is in progress both in_the security markets and in industry. Retailers were helped some by the distribution of the soldiers’ bonus, but now that this buy- ing power is becoming exhausted, secur- ities of retall organizations are having to suffer pressure. A general consensus that wholesale commodity prices are as low as they are likely to go. but retail prices are expected to decline much further. BO Sl:ON WOOL MAiKET‘ BOSTON, May 25 (Special).—The present Iull in wool buying, in the opinion of dealers, is seasonal and due partly to the fact that manufacturers recently purchased sufficient wool to cover orders for finished goods. Busi- ness in fleeces has been spotty and con- fined to new wools, which are begin- ning to arrive here. The majority cof sales of territory wools are on original bags and prices show an easier tendency. Fine territory combing clean was quoted today at 62a63, French comb- ing, 58a60; half blood., 55a58; three- eighths blood, 45a48. and quarter blood. 42a43. Fine Ohio fleeces were quoted at 25a26, grease basis: half blood, 24a 25; three-eighths blood, 22a23, and quarter blood. 20221 SECOND TRUST MONEY AVAILABLE For purchase of notes desirably secured on owner occupied prop- erty in District of Co- lumbia and nearby Maryland. individual | 1004 Vt. Ave. Prompt Attention Given Applications. Nat’l Mortg. & Inv. Corp. Nat. 5833 SAVINGS OUR LOAN PLAN OFFERS MANY ADVANTAGES The payments on loans pro- cured from this A'\ncufhi pclnut 'rowen will consider the Fed- | Board's proposed co-opera- llve mlrketml association of peanut | growers of this section at a meeting to be_held here June 2. Representatives of seven countes, | Greenville, Sussex, Surry, Southampton, Isle of Wight, Prince George an Nansemond, were expected to be pres ent, Edward Nansemond County agent, said. He called these counties the largest producers in me; Virginia belt. o atr 1526 x St. N.W. Money to Loan Meeting with the county representa- Tuirs, deed of trust on v ""rlllln: interest and comm! n. tives will be officials of the Farm Board, | S . . Farrar, _district agricultural "'”'P We"er iae o & § VS F. & F Nw. agent; John R. Hutcheson, director of Thituce. wnd . N° ki, asotan JENTERPRISE. SERIAL BUILDING ASSOCIATION agricultural economist. 7th and Indiana Ave. N.W, The conference is expected to be in the nature of a round-table discussion ON IMPROVED DISTRICT OF of prospects for organizing the Virginia growers and consideration of plans if COLUMBIA REAL ESTATE SECURITY the organization of a co-operative asso- clation is deemed advisable. | ‘The meeting will be held at 10 a.m in the rooms of the Suffolk Chamber of Commerce. 66th Serfes of Stock Now Open For Subscription Connelly James F. Shea ent Secretary e S EXCHANGES CLOSED. LONDON, Msy 25 (#).—All London and Liverpool exchanges and the Paris Bourse are closed today, Whit Monday. ' O 0 We Give Property Personal Attention % £ £ HERE are so many points for loss and features g for profit in connection with the management g of property that it requires not only experi- enced judgment, but a trained organization to ac- § complish the utmost for the properties’ good and H owners’ benefit. H We shall be glad to place the efficient facilities § of this office at your service—in connection with the | management of office buildings, apartment houses, business and residential properties. Prompt remittances are the rule here RANDALL H.HAGNER & COMPANY N Bk 5 S Gomptorny 1321 Connecticut Ave. Decatur 3600 filllIIll‘“ll"llllllllllllllllI'IlllmlllllllllflllflllllllIflmlllllllllllllilflIIIll|||l|||Illllllll"l“lII|l||IIIHIIIIIIIIIIuMIIIM Eqmtable Copflperatwe Bldg Ass n Organized 1879 51st YEAR COMPLETED JOBN JOY EDSON, President =~ WALTER S. PRATT, Jr., Secretary Subscription for the 101st Issue of Stock Being Received Do You Desire a Loan —on Real Estate or to Take Up First Mortflage? THOSE desiring money to purchase a home, re- finance present indebtedness or improve property should consult us. Applications will receive prompt and courteous attention. Loans Repayable Monthly No Brokerage . .. No Commissions 915.F ST. N.W. . N e INVESTING FOR INCOME is different from speculative invest- ment—and requires the selection of a type of securities in which there is no element of risk; but a positive assurance of definitely fixed and continuous return. Investors for income will find none more profitable and none more sound than our ' 6% FIRST MORTGAGES —on improved Washington real es- tate that has been conservatively Over a Third of a Century 1, ChiGreat West pf... apprmsed. Chi Mil St P & Pac i MIBLP&P L., Chi & Northwest 4) . Chi R 1 & Pacific (5). Chrysler Corp (1)... ix City Ice&Fuel (3.60) s City Stores 4 City Stores (A). 2% Lee Rubber & Tir: 18 Leh Val Coal pf (3).. Leh Valley (2%)...v 4 Lehman Corp (3).... Lehn & Fink (3). Lib Ow Ford Gla Liggett & Myer ( Li=g & Myers B (15)" Lig & Myer pf (7). Liquid Carbonic (3 Loew's Inc (3). Loft Inc : Loose-Wiies (12/80) . Lorillard (F) Co. Lorillard (P) pt (7). Louisfana Ofl..... LouG & E A uas) 914 Ludlum Steel. MeGraw-1I (2). ... Mclntyre Pore M (1) McKeespt Tin P(15). nunpnw.) gractive that money will be forced into | Jong-term investments, chiefly bonds. | “There seems little probability that | End prices will recede: whereas it (r' May be purchased in amounts from $250 up. B. E. SAUL CO National 2100 925 15th St. NNW., aowt w have plenty funds for loans on im- principal proved Real Estate in gt nearby Montgomery rolumhm property only . . . County, Md,, and the Dis- trict of Columbia for ‘about ‘our Loa periods of 3, 5 or 10 ObenDaily; 9/te:8 vears. Prompt decisions Saturdays Until Noon given applications. NAtional 1381 BOSS and PHELPS Realtors FOUNDED 1907 1417 K St. NW. an_Correspondent John Hancock Matuel Lie {surance Co. 0st probable that they will advance adily and substantially’ | Traction Is Market Feature. Small lot trading in Capital Traction | k featured business on the Wash- gton Stock Exchange today as the Week’s business opened. The stock again sold at its new price | f 36 and there were 14 different sales during the session, the day's turr ing 135 share Mergenthaler Linotype recorded three wmall sales, opening at 79 and closing st 78%, the stock having changed very little since the rece eclaration the regular querterly aividend The only other stock appearing the board today was Federal-Ame: Co. preferred, which changed hands &t ©5. In the bond division Washings ®atiway & Electric 45 registered 90', The Potomac Electric Power and | Washington Ratiway & Electric stocks s well as Lanston Monotype, are still eing quoted ex dividend i Broker Must Answer Questions, James M. Hoyt, partner of Prince Vhitely, has been ordered by Justice Phoenix Ingraham, in New ¥ sbmit to examination under the Ma tin act by Attorney General Bennett,| oyt against whom an actior #niunction instituted & atiorney general is now fused to answer a subpoena u him to appear for examination on the @ound that his constitutional rights rould be invaded. In a hearing on a| 1 6 petition to vacate the subpoena, Justice graham refused to sustain his conten- tion. Hoyt's attorneys have signified gheir intention to carry the case 1o the Appellate Division. At the time of the brokerage firm's feilure, the concern maintained an office 5 th: Washington Building here. Lo- €l cliente are following the legal pio-) Beedings with great interest. Financlal District Comment. The Atlanta and Minneapolis Reserve | Banks are the only ones in the reserve | wiy ystem which have not recently cut| 41 heir rediscount rates. The last action of this kind was taken at San Fran- 18CO. At the low point in 1921 bank stocks fendered an average vield of 624 per cent Last week the average re! 622 per cent. Many banke from this that bank siock price have practically 5013 Coca-C 4113 Colgate-Pal-P (2}4). 101% Colg-Pajm P pf (6).. 4 Collins & Atkman. .. 71 Collins & Alk pt Puel & Iron pre 10213 102ia THERE IS NO SUBSTITUTE FOR SAFETY BUILDING ASSOCIATION 949 NINTH ST, NW. UNDER SUPERVISION OF U.3 TREASURY) Comim Inv Trust (2). Comcl 1T eV pf (€6). Organized in 1814 National Metropolitan Bank 15th Street Opposite U. S. Treasury More for Your Heirs Every Factor Mannn Mia ¢ A Marmon Motor Car. . Mathieson Alkall (2) May Dept Strs (2%). Maytag Co. 1 Maytag Co 1st pf (‘) 1 Mengel Copf (7).... 108 1 5 Met-Gold Pic pf 183, & 1 2 2( Mexjcan Seaboard... 79 i Miami Copper. ... Mid Continent Petm., Midland Steel (3) Minn Moline Pow Mo Kan & Texas Missourl Pacific. Missouri Pac pf (5). 4 Congoleum-Nairn 5% Consol Cigars (5) Consol Cig pr pf 6%. 108 Consolidated Film... 10 Consol Gas N ¥ (4).. 225 Con Gas of NY pf(5) 9 Consol Laundries (1) Consol RR C pf (6). % Consol Textile ontl Baking A. Baking B. | Baking of @), Contl Can (23%) " «:oml Insur (2.40). 3 Contl Motors. Contl Ol of D 314 Cont Shares 5914 Corn Prod (13%) oty Inc ream of i Cructble Steel 90 Crucible Steel p « Cuba Cane Prod 3 Amer Sug: Am Su : Culan De In the Metropolitan Life In- surance Company Real Estate Loan Plan should receive your consideration before financing or rcflnancing your home. We know its many attractive features will prove valuable to you. : |' Highly Pru!ecled Type of Private Investment FIRST MORTGAGE - SECURITIES Yielding 6% are prudently using their fudds o "strenkthen {helr financial position by investing in Guaranty First Mortgage Securities, secured on income-producing _ properties right here-in-the NATION'S Gapital. Il Denominations as low as $100 Monthly Payments if Desired Send' for Booklet, The Success Plan™ REALESTATE Montgomery Ward.. 17 Morrell (1) & Co (3) Motor Meter G & El.. Motor Products (2).. Motor Wheel (1) « Mullins Mfg. Murray Corp Loans for Fifteen Years Low Imterest Rates Satisfactory Terms Nat Acme (80¢). sl Nat Bella Hes Naming th Nat Efscuit ( : strong, old bank Nat Dalry (2.69).... 103 Trustee in your Nat Dept Strs 1st(4). 508 WEIL insnives t Dist Prod (2)eee 2 Vit settlement of your estate— means more in- heritance for your legatees. Call "and talk matters over with Qur Trust Dept. | ana | 100 Construction Loans in Any Amount ERBRDS Washington B uildmg ortgage Loan Correspondeqt uetropoiun Life lugrancp:'(:vupanu de in_the District of' Columbia and nearby Virginia, Deere & Co pf (1.40). Drlaware & Hyd (9). Del Lacka & Wn (4). Denver & R G W uf.. roit Bdison (8. voe & Ray (1 Match Dome Mines (1) Drug Corp (4) . a Dupont de Nem (4) .. 7 TA% Du P de N deb of (6) 121% y Eastern Roll 1 T T4 entral (6). 6 8515 185% 135% Eastman Kodak (18) 108 135 1814 162 P i Yl 108 162% um “g“ 162% 21% 10% Eaton Axie (1.60) 6 124 .12 % QA 3% Eltington-Schildae A6 Ma LA 4 A . S00SONCE QD RAES bk % District 9486 reach- Nat Surety (5) ed_bottom. NatTea (1). R. A. Van Orsdel, general counsel for | the Chesapeake & Potomac Telephone Co.. has notified the Public Utiliu Commission the company would file a petition in the near future seeking pe: piission to reissue the $2,000,000 in stock Was ) s jssue B e Interest Paid on Savings 10 Alr Brake (1.60) 13%