Evening Star Newspaper, June 12, 1931, Page 13

FINANCIAL BROKERAGE HOLSE 'HAS NEW LINEAP 4ocal Firm Will Handle |t Washington Business of ‘[ Eastman, Dillon & Co. { e . F° BY EDWARD C. STONE. ; J Announcement was made by the New "ew York office of Eastman, Dillon & today that the brokerage firm's vashington's business is soon to be andled by Auchincloss, Parker & Red- teh, members of the New York Stock Jxchange, located in the National Sav- gs & Trust Building. The local office Eastman, Dillon & Co., at 1512 H trect northwest, will be closed after FSaturday, June 20. Today's announce- fment sent to Eastman Dillon customers ®ald: “Arrangements have been completed tween ourselves and Messrs. Auchin- loss, Parker & Redpath. members of e New York Stock Exchange, hmxng! ffices at 719 Fifteenth street. Washing- | ton, D. C., by which the business here- | tofore conducted through our Washing- fon office will be handled by Messrs. Auchincloss, Parker & Redpath, with awhom we shall maintain a direct wire Eonnection. The majority of the per- fonnel of our present Washington or- nization are to become _associated §ith Auchinciess. Parker & Redpath. “With our direct wire connection with Auchincloss, Parker & Redpath, the fa- ©ilities which you have heretofore en- ved will still be avalable to you, with he added advantage of a local organ- fzation directly in contact with yourself. “It is our intention to close our Wash- fington office June 20, 1931. We appre- fiate the business you have given us in fhe pass and venture to express the thope that you will find the facilities & above outlined even more to your | Bdvantage and satisfaction.” 1 This is the most important move ade in local brokerage circles in a ong time. It was stated at the offices { N Auchincloss, Parker & Redpath that | \ Arthur Foraker, manager of the East- an, Dillon office for many years; Wil- iam' J. Du Bose, also an office man- |, pser, and Harry E. Moore, who has also g n with the firm for several years, l would join their staff when the chani oes into effect & week from Monday. | ¥rhey state that they already have every ‘uflh to take care of the additional sines Mortgage Firm Elects Officers. At the annual meeting of the stock- lders of the Real Estate Mortgage & | uaranty Co., held at 1612 K street, the following directors were elected for the aoming year: Henry L. Breuninger, L. E. Breunin- gvrr Arthur Carr, Charles A. Carry, ade H. Cooper, Fred Drew, T. C. Dulin, C. S. Duncan, Edward C. Ernst, | Sol Lansburgh, William Muehlelsen, | Horace G. Smithy, Thomas Somerville, *Thomas Somerville, jr.; Anton Stephan and W. F. Stickle Upon adjournment of the stockhold- ers’ meeting the newly-elected board of directors_elecied the following officers: ~ L. E. Breuninger, chairman of the| board; Arthur Carr, president; Thomas | Somerville and Horace G. Smithy, \'lcu residents; Anton Stephan, treasurer; _F. Stickle, secretary; Roy E. Beber- eyer, assistant secretary, and Robert | E Hazell, auditor. A full report of the financial condi- tion of the company was presented to { the board of directors, upon which the directors voted a semi-annual dividend g;r 4 per cent on the preferred stock of he corporation, payable June 30, to tockholders of record at the close of | business June 20. i The _stockholders considered the | @nnual financial statement as very satis- | factory. The stock is listed on the Awashington Stock Exchange, selling #round 7 and paying 8 per cent divi- | dend. Today's Trading on Exchange. ‘There were two more transactions in ‘Washington Railway & Electric com- mon on the Washington Stock Exchange | today, the stock having come to life after a long rest. It sold today at 502, | Wp 2 points from yesterday. | Potomac Electric’ Power 51 per cent | wreferred came out at 110 and advanced n eighth during the session. Railway & lectric preferred sold at 98! Capital Traction sold at 34! today. The stock was quoted ex-dividend for the first time since the recent regular quarterly dividend was declared by the | directors, Bonds were quiet, trading being con- #ined wholly to Washington Gas issues | Wt recent prices. | | " The dircctors of the United States | $Savings Bank have just declared their | | wegular quarterly dividend of 7's Derl ) cent, payable June 30. Joins Goodbody & Co. Arthur D. Condon has become asso- | { ginted with Goodbody & Co. In their | ashington office in the Southern Building. Mr. Condon is a graduate of | the Naval Academy and spent eight years in the Navy. While in the serv ice he had several years' European duty | NEW YORK STOCK EXCHANGE THE EVENING STAR, WASHINGTON, D. C, FRIDAY, JUNE 12, 1931 Received by Private Wire Direct to The Star Office. Neote—All stock are sold in one hundred share leds those dest} u‘lylhlfllfll (lfil (2508) :l:leel;u:{m those mnmull in odd lots. s os— ~Prev. ":h High. 14% 52 l% 15 Stock and Dividend, Rate. Abitibi Pow & Paper. ADbitibi P& P pt (§) 10614 100 Abraham St pf (1).. 284 11% Y% 109% 20% 12% 594 182% 126 23 664 11% % % 0% 44 A 20% 102% 122 18% 154 - Am Steel Fdy pf (1). Adams Express (1).. Adv Rumley (new). Air Way Elec Appl.. Alaska Juneau (40¢) COrpP..veeesces Alleg Cp $30 ww 534 . Allied Ch & Dye (né) Allled Ch & D pf (1), Allls Chalmbers (2) Amerada Corp (2). Am BanX Note pf (3) 20s Am Brown Bov Ele¢. 9 AmBrBED (T)... uo- Am Car & Fdy pf (7 Amer Col'type (80c). Am & For Power.... Am & For Pw pf (§) Am & For Pw pf (7). Am Hide & Leath pf. Am Home Pr (4.20).. Am Ice (3).. . Am International Am La Fr & Foamite Am Locomotive (1).. Am Mch & Fdy 1.40.. Am Pow & Lt (31)... Am Ra&Std San 60¢c., Am Roliing Mills Am Shipbuilding Am Sm & Ref (4).... Am Sm & Ref pf (7). Am Solv & Chem. ... Am Stl Foundries(1) Am Sugar Am Sugar Am Sumatra Tob.... Am Tel & Tel (9). Am Tobacco (18 Am Tobacco B (16).. Am 7Inc ead & Sm.. Anaconda Cop (1%).. Archer Daniels Mid. Armour of Del pf (7) Armour of Il A. 1 Armour of Il B 1 Artloom Corporation mo. Asso Apparel (32) Asso Dry G (2%). Asso D G 1st pf (8) Atch To & S Fe (10). 22 Atl Coast Line (7)... 8 23% 11% Atlantic Refining (1) & 295'% 101% Auburn Auto (f4)... Iol 2% & 27'% 10414 877 Sfl‘a and was ir Russia during the revolution | 1 , in that country and in the city of | Smyrna during the disastrous fire and | + Foting there in 1922 | Y In 1925 Mr. Condon resigned from the Navy and took up residence in | + Washington. Early in 1929 he entered the brokerage business in the Washing- fton office of Wright, Slade & Co., in i the Mayflower Hotel and has remained % there up to the present time. About a month ago Wright, Slade was merged tywith Shields & Co. and since then the | :< office in the Mayflower has been Shields ! & Co.'s office, Mr. Condon gave up his “position to become associated with Goodbody & Co. OPERATIONS OF GRAIN AGZNCIES ARE DEFENDED B the Associated Press. ] MANHATTAN, Keans, June 12—/ George S. Milnor of Chxcago general | snanager of the Farmers’ National | Grain Corporation and the Grain Sta- | bilizatlon Co:poration. declarad today | that marketing operations of the two| magencies had created higher values for Wheat profiucers. Guring. the. 1030- 31 seasan by 7 to 15 cents a bushel. | ‘The manager made the statement in | an address prepared for delivery at the American Institut. of Co-operation. Milnor said th=t during the Summer of 1929 cash wheat soid at ‘“runous discounts relative to options and plid tolls In millions of d penses and demur had to be held on months before they co because of “deplorable “In order t> avoid a rfl):uuon of | eonditions rounding the previous ! season,” he sald, “th: Farmers' Na-| tional Grain Corporation, in conjunc- | tion with the Grain Stabilization Cor- | poration, began to shifi its Luge hold- | ings from every point that Leld the! slightest indication of cong:si'on. ‘Thus, | in ample time, millions of bushels of oid crop wheat were go'ten completely out of the way of the h' 32 cnrushing movement of the new cr i “Certainly po Indiv J,\l private agency or any group of private agencies could have accompiished these re- sults.” INTEREST RATES. By the Associated Press. Time money weakened slightly ]l-s'.. week, but call funds rfl'nl!ned un- | changed. The averages for b.th classes of money, at leading centers, follows, as calculated by the Department of Commerce for comparable periods: Time—Wee: ended June €, 1.67; pre- vious week, 175; same week last year, 3.75. Call—Week ended June 6, 1.50; pre- vious week, 1.50; same week last year, 3, 105% 15% 2% 84 3 30 3% 1'% 2% b1% 4% 12 12 86% 18 3414 19% 8% 63 106 2% b% 157% 102 45% 195 1 3 9% 15 43% 6514 Autosales. - Aviation C Dal m Baldwin Locomotive 31 Baldwin Loco pf (7). !o- Balto & Ohlo (5).... 144 Balto & Ohlo pf (4).. 1 Bamberger pf (8%). 40s Bang & Aroos (3%).. 14 i Bang & Aroos pf (7). :gl Barker Bros. .. Barnsdall (A) (1) trice Cream (4) 5 Beech-Nut Pkg (3). 4% 314 3844 96% 20% bla 41 14% 8 2 53% 51% 99 11% 2014 109% 9 Bendix Aviation (1 Best & Co (2) Bethlehem S Bethlehem St pf (7). Bohn Alum & Br 1%. Booth Fish 18t pf... Borden Co (k3). Borg, Warner (1) Briges MIg (11%). Brockway Mot Trk. Bkiyn-Man Tr (4). .. Bkiyn & Qu T pf (5). Bklyn Union Gas (5) Bucyrus (1)....oeee 2 Bucyrusev pf (2%). 6 Bueyrus pf (7)...... 108 Budd (E G) Mfg pf Bullard Co. Bush Term! 4 Butte Copper & Zinc. 1 2 Butterick Co. 3 (A M) 1if Packing (2 Callahan Zine & Ld. Canadian Pacific 1% . Cannon Mills (1.60) .. Capital Admin A. ... Admin pf A (.! 3 Celotex vte ctf Cent Aguirre As 1% . Cent RR of NJ (f12). 4 Century Rib Mills. Cerro deJ’asco(1.50) Certain-teed Prod Cheeker Cab Mfg. Chi MII St P& Ppf.. Chi & Northweet (4). Chi& N W pf (7). Chi Pneu Tocl ChiRT& Pac(m2%) ChiR1&P pf (6) Childs Co (2.40) Chrysler Corp (1) City Ice&Fuel (3.60) Cluett-Peabdy pf (7)100s 104% 1 4T 100% T4 170% 108'y 1134 461y 26'y 22% 10% 43% 1% 14 6% 6y 19% 93% 174% 1% LA ‘loth 29 101 7 146'%4 Col Gas & El pf Columbia Graph 56e. Col Grapho ctfs 56¢ Columb Carbon (5).. Comm Inv Trust (2 Comel InvTr war sta Comm Solvents (1).. Comwlth&Sou (40c. Cmwlith & Sou pf (6) Congoleum-Nairn. .. Congress Cigars (4). Consol Cigars (5).... Consol Cig pr of 6% . 4 Consolidated Film... 10% 82 101% 111 25 3 1% I 1% 4dn 40% 34 2% 5 3% B5% 6% 2615 12% 4 30% 1074 45% 11% 140% 11% 4% 24% Consol Film pf (3).. Consol Gas N Y (4). Con Gas of NY pf(5) Consol Laundries (1) Consol RR C pf (6).. Container Corp (A) Container B. . Cont) Baking A. Cont] Baking B. Contl Baking pf (8). Contl Can (24). Contl Insur (2.40) Contl Motors. .. Contl Ol of Del. Cont Share: Corn Prod Coty Inc. Cream of Crex Carpet. Cuba Cane Prod. Cuba Co...... Cuban-Amer Sugar. Cuban Am Sugar pf. Cudahy Packing (4). Curtis Publish (4)... Curtiss Wright Corp Curtiss Wr Corp A.. Cushman’s pf (7). Cutlar Hammer . avison Chemical Drlaware & Hud (9). Del Lacka & Wn (4). Denver & R G W pf.. Detroit Edison (8). . Devoe & Ray A (60c). Diamond Mateb. .. .. Dlamond Mtch pf 1% Dome Mines (1) Domn Stos L Drug Corp Dupont de Nem D P de N deb nf ¢ Kastman Ko 1lec Auto L Elec Boat. Elec Pwr & Lt (1) 4 4 Elec Pow & Lt pf (7) Elee Stor Bat (5). Fa Office Bldg (3% 1e RR. Pashion Park Aspf Fed Lt & Tr (31%).. Fed Mot Truck (40¢) 4 Fed Wat Sv A (3.40). Fid Ph Fire In (2.60) Firestons T&R (1).. First Nat Strs (2%). Fisk Rubber. ..., / Lo a4 8 267 IDAV’ 13 104% 4% 100% T 167 107% 110 458 26'y 4 28 2074 104 “2u 1% 1% 6% [ 19% 93% 159% 1% 3% 10414 2% lt‘n 16% 94 2% 591y 591 ‘108 12% 223 45 6515 205 16% 31 100% 143 43% 8 26 1044 13 29 34 11 108 1% 53% 474 39 2% 4% 63 8 119% 119% 121% 123% 23% 16 55 8 T1% 103% 17 60 10% 6515 20% 17% 31 31 100% 101 146 145 44 B 8 27% T 68 lns. 116 ~Prev. 1531 Stook ana Hish. Low. Dividend 64% 21% Foster Wheeler (2 324 20% Fourth Nat Invest R38% 11% Fox Film (A) (2% 43K | 22 Freeport-Texas (3) 52% Gon Am Tank Car(4) 54 Gen Asphalt (3) Gen Baking (2). Gen Baking pt ( ) Food Corp (3),. Gen G & EI A (e300). Gen G & ELpf A (1), Gen Mills pf (8) Gen Outdoot Adv. Gen Ptg Ink (2%) Gen Ptg Ink pf (8).. Gen Public Servic Gen Realty & Util Ry Signal (5) Gimbel Bros pf (7).. Glidden Oo..... Glidden pr pf (7). Gobel (Adolf) Geold Dust (2%) Gold Dust pf (6). Goodrich (BF)...... Goodyear Tire&R(3) Grand 81l Strs (hi). Grand Union Grand Unfon Hanna pf (1)..... b Walk Ref (2). Hayes Body. Hercules Pow pf (7). hey Choc (5) Hersh Choc f (15) . Hollander Son « Houdallle Hershey.. Houston Ofl. . - Houston Ofl (new).. Hudson Motor (1)... : 5% Hupp Motors z 413 Illinols Central (4).. 61% ilinots Cent LL (4)., 2 Indian Motor Cycl Indian Refining. . Indust Rayon (4)... Ingersoll Rand (4).. Insuranshares Del A, Insur Shrs Md(40c) Interb Rap Transit, Interboro RT c.0.d. Int Agricultural.... Int Bus Mach (né). Int'Carriers, Ltd 50 Int Cement (4). Int Combustion. % Int Harvester (2% b Int Harvester pf (7). * Int Match pf (4).... Int Nickel (80e)..... Int Paper & Pow C.. Int Pap & P pf (7) Int Salt (3).... Int Shoe (3).. Int Tel & Tel (2). Inter D St pt xw (1). Intertype Corp (1).. Investors Equity...& . Island Cr Coal (4) 57's 36 Jewel Tea (4) 80% 40% Johns-Manville (3). 1284 118 Kans City Sou (6)... K’mann Dept Strs (1) Kayser (J) & Co (1), Keith-Alb-Or pf (7). Kelly-Spring Tire Kelvinator Corp Kennecott Copper (1) Kresge Dept Stores. . Kresge (SS) Co 1.60. Kreuger (M 1.61). Kroger Groc&Bak (1) Taclede Gas, StL(8). Lambert Co (3. Lee Rubber & Tir Leh Port Cmt (1).... Leh Port Cmt pf (7). Leh Valley Coal. . Leh Val Coal of (3) i Leh Valley (234). Lehman Corp (3). 4 Lib Ow Ford Glass. . 207 2051 87% 66 M~ 2% 18% 9% 101 10- 2 37 408 NN R O e 0320 03 1 839 108 7 3 . 2 107 Jones & Lang of (1) 1108 117% 8 1 1 1 10 53 208 1 6 kL 1 13 50- Liggett & Myer (15). Lizg & Myers B (15) Lima Locomot (m2) Link Belt (2.40) Liquid Carbonte Loew’s Inc (3) Loft Inc. Loose-Wiles (12.90) . Lorillard (F) Co. ..., LouG&EA (1%).. fana Of 3 %) 4 McKeesport T P t5%4 McKesson & Rob /1) McKes&Rob pf(3%). McLellan Stores Mack Trucks (3). Mallison & Co. Man Elevm g ine Mid (1.20) mon Motor Car.. Marshall Fleld (2%) Mathieson Alkalf (2) May Dept Strs (2%4). Melville Shoe (2). Mengel Co. ... Met-Gold Pic pf 1.89. Mexican Seaboard Mid Continent Petm MStP&SSM. Monsanto Ch W(1%) Montgomery Ward. . Mother Lode........ Motor Wheel (1). Mullins Mtz ) 18% Nat Cash Register A. 26% Nat Dairy (2.60) Dist Prod (2)... Nat Steel (2).. Nat Supply (4). Nat Surety (2) 5% NYOnt& % N Y Rallways pi % 100 N Y Steam pf (6). 15% Noranda Mines. 2% Norfolk & Southern. 139 Norf & West (t12)..: 4% North Am Aviation.. 90! 56% Nor Am (b10% stk). 60% _80% Northarn Pacific (§) 7 ORIOOMliesossevss 2 Oliver Farm Equip. 3% Omnibus Corp. . Orpheum Cir pf (8).. Otis Elevator (23§1.. Otis Elev pf (6)..... 6 89% 2515 Owens 11 Glass (). 8 4 Pacific Coast 2d pf. B4% 38 Pacific Gas& El (2). 6914 484 Pacific Lighting (3). Pacific Tel & Tel (7) 5% Packard Motor (48c) 50* 19% Paramount-Pub 2%. 24 Park Utah.. 39% ° 2814 Penney (J C) (2.40). - 64 424 Peun RR (4) 188'% Peop GasCh (8).... 28 Pere Marquette Ry.. 6 Fetrolm Cpof Am(1) 52% Phbila Co 6% pt (3).. 6% PhilRerdC&I..... 41 124 45 7 3 9 L t 108 6 1 408 101 1 108 9 Prev. 28 STOCKS IN RALLY | AFTER EARLY DROP ll% ::* Traders Turn to Buying Side Auchincloss, Parker & Red- | as Volume Decreases 56% 20% % 19 107% on Decline. % £ BY GEORGE T. HUGHES. 405 | soecial Dispaten to The star. NEW YORK, June 12.—The best JOIN NEW YORK STOCK EXCHANGE path, Well Known Brokers, Announce New Move. It was announced in the financial district today that Auchincloss, Parker & Redpath, general investment and a 4% 'prices in today's stock market waere | brokerage firm, has secured member- 68% | made in the last hour, when the whole list rallied vigorously after early - certainty. ‘The morning hours were character- ized by realizing and a moderate amount of short selling, resulting in a generally lower range of selling, but volume fell off on the decline and even- tually the professional element turned to_the buying side. The leaders at the end were U. 8. Steel among the industrials, American Telephone & Telegraph among the util- itles, and N. Y. Central among the rails. The net result was to demonstrate that the technical position 1is such that stocks respond more readily to opera- tions for the rise than to offerings for short account. It is still a market without public interest, but that is always true at the end of & major decline. Copper stocks were in supply from the start because of the bearish copper metal statistics. At the end of May refined copper in North and South America, according to the statement given out today, totaled 398,667 short tons, an increase of 30,746 tons over Apnl Production was 102,695 tons in y, against 100,501 in April, while lhlpmenu in May were only 71,949 tons, against 86,785 in April. Anaconda, Kennecott and American Smelting & Refining dropped back & point or 5o on the showing. Alaska .Yg’ neau seemed to have been abandoned 1 and was again in supply. rails, which had such a sudden advance in the late trading on Thufs- day, met realizing during the early trad ing today and with one or two excep- tions came down rather sharply. Union Pacific held better than the rest. '&: street is not yet convinced that Interstate Commerce Commission will grant the rate increase asked, and that even if it is granted it will not have an unfavorable effect oh traffic. PARIS BOURSE PRICES. PARIS, June, 12 (#).—Trading was quiet on the Bourse today. Three cent rentes, 89 francs 10 centimes. Five per cent loan, 103 francs 15 centimes. Exchange on London, 124 francs 2115 centimes, The dollar was quoted at 25 francs 54'% cenumu TREASURY CERTIFICATES. (Reported by J. & W. Selisman & Co) Bid. O Jon 100 1 100 100 100 101 1 BHOBT-TEB! SECURITIES. (Reported by J. & W. Seligman & Co) Aliig-Chalmers o, 81 103 Amery el. & Tel. 5ia: American T Baltimore & el of Gaiaca 58 1057 Galifornia_ Pet. Corp. 8128 19 adian Nor. Rwy. 4'as 1935 1 Ohi."Northwestern K, R. 3¢ 1933 Chicago Rock Isiand 45 1934.... Chile Copper Co. Benver & Rio Grande & 13 1938 Gen. Mot Accep. Corp. €s 1937 General Petroleum Corp, 85 1940 Goodyear T. & R. 55 Grand Tnmk’n{ Can; a: X nu crissi Wheeling Steel coru $1s 104 Wheeling Steel Corp. 4'2s 1953, London now has 2255620 insured 87 % Automobile Showroom “and Garage 14th St. Very Reasonable to Immediate Purchaser This is one of the most desirable properties of its kind in Washington. 75 ft. on 14th St, 105 ft. deep. Three floors, with large first floor showroom. rage space for mately 200 cars, anxious 1o sell at Reasonable terms. This is an outstanding opportunity. For Particulars Call H. L. RUST COMPANY 1001 15th St. . National 8100 | You Are Assured: | Maximum Income | For Life ~payable Monthly, Quard terly or Semi-annudlly, ay you elect (male, age 65, pay$ nearly lZ%)*thro\lgh purs chase of An ANNUITY' Our Annuities are favored by persons passed midd age, who wish to be sure of a FIXED INCOME, for life. d us the Date of Your Birth and full information will be | sent you, without obligation on your part, M. LeROY GOFF 1036 Woodward Building NAt. 0340 { Insurance Exclusively, Over 20 ¥ears ship in the New York Stock Exchange, the Washington Stock Exchange and an assoclate membership in the New York Curb Exchange. The partners in the firm now include Hugh D. Auchincloss, Chauncey G. Parker, jr.; Albert G. Redpath, Richard P. Dunn end Harold C. Patterson. Messrs. Auchlnclou. Parker and Redpath have & security business in Wash- Inflan since October, 1930, and Mr. Dunn and Mr. Patterson entered the firm_coincident with its admission- to the New York Stock Exchange. Hugh D. Auchincloss, senlor partner, is a member of the New York bar. He was graduated from Yale in 1920 and studied at Cambridge University. He also has a degree from Columbia Law School. Upon coming to Washington in 1926 he entered the Department of te. Mr. Auchincloss served with Sta the United States Naval Reserves dur- ing the World War. Chauncey G. Parker, jr, is a grad- uate of St. Paul's School, Concord, N. H, and of Harvard University. 'He| as a lieutenant in the 1Mth| Held Artillery during the war. He was formerly manager of the local office of J. A. W. Iglehart & Co. and more recently assistant manager of the Washington office, of the National City Co. Albert G. Redpath was graduated from Columbia University. He is a member of Phi Beta Kappa and the of Murray, Aldrich & Webb. For three years prior | to the formation of Auchincloss, Parker & Redpath he was executive assistant to_the Undersecretary of the Treasury. Both of the new partners are known in the security business in Washington. Mr. Dunn was, for three and s half years previous to affiliation with his present firm in January, manager of the Washington office of Harris, Forbes & is & native of Florida, and M&.flflwfi CAR WASH $ Progressive Auto Laundry l‘!fl Tryi :‘h W, Holidays, §1.25 | REAL ESTATE LOANs Made at Low Intere: TYLER & RUTHERFORD o s-n. ed business LTl e b 1520 K St. N.W. E have adequate funds for loans on improved Real Estate in nearby Montgomery County, Md., and the District of Columbia for periods of 3, 5 or 10 vears. Prompt deci- sions given applications, 51 % INTEREST BOSS and PHELPS Realtors FOUNDED 1907 11T K §t. N.W. Loan Corres John Hancock Mutual WE PAY . ON YOUR 6% INTEREST D. C. Property LOANS No Commissions Charged...No Re- newals necessary! ondent e Insurance Co. NTERE Open Daily 9 to § Saturdays Until Noon NAtional 1381 INATIONAL | | [PERMANENT 258 NINTH ST AW, .First Mortgage Borrowers Are Welcome TO ALOAN —For Buying. —For Building. ~—For Refmancing completed properties. Remember—resources of this company make it possible to ob- tsin loans on first mortgages youluly and at nuMuMe rates. Mar—llo-wuhm.muhnn your part. REALESTATE MORTGAGE & GUARARTY CORPORATION 1610 K St. N.W. National 1403 FINANCIAL ENTERPRISE SERIAL BUILDING ASSOCIATION 7th and Indi Ave. NW, ON IMPROVED DISTRICT OF COLUMBIA REAL ESTATE. SECURITY th Serles Stocl Open For g‘llblcl’l:"‘o’:' | James E. Connelly James ¥, Shea § President Secretary During the war he was in the naval service. Mr. Patterson was st one time affl- iated with the Washington office of J. A. W. Iglehart & Co., and more re- cently was statisticlan and manager of the stock department of that firm's main office in Baltimore. He is a na- tive of Rhode Island and attended Ran- anl Macon Auderpy and University. -He served Lhe World War as an ens! firm is m 8t 710 mnth Qnet north i - 7 :-t. n m National Bav- nmmmmmmumnummnnnnmnnnmmmmmnnnmmnmmmng Money Available for Mortgage Loans OU’LL find it an advantage to place your application for a FIRST TRUST LOAN with us. We have the funds available, and will exert every endeavor to give prompt consideration, There will be no negligent delays. Applications accepted for Apartment House, Office Bmldmg, Residential and Business Proper- ties loans, in° Washington or nearby Mary- l and and Virginia—for terms of 3, 5 or 10 /2% RANDALL H.HAGNER & COMPANY MORTGAGE LoAx CORRESPONDENT 2 L7 N Bk S Satareimee Gomghony £ 1321 Connecticut Ave. Decatur 3600 E L T T e T T ORI T R T E yea £ £ : § Bl G.M.-P. MURPHY & CO. New York WASHINGTON Philadelphia Baltimore Richmond Lendon MEMBERS New York Stock Exchange Washington Stock Exchange Richmond Stock Exchange New York Produce Exchange New York Curb Exchange Copy of our “Fortnightly Rerigw” on Request 1510 H Street Connecticut at K " Equitable Co-Operative Bldg, Ass' Organized 1879 5ist YEAR COMPLETED JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary Subscription for the 101st Issue of Stock Being Received Get in touch with us if you desire to borrow money to purchase a home, refinance pres- ent indebtedness or improve property. Ap- plications will receive prompt and courteous attention. 7 % 727 Real Estate To Take Up First Mortgages 777, Loans Repayable Monthly No Brokerdge . . . No Commissions 915FS We are pleased to announce the formation of Auchincloss, Parker & Redpath Members New York Stock Exchange Members Washingtom Stock Exchange Associate Members New York Curb Exchange 719 Fifteenth Street, Washington, D. C. to transact a general investment ' and brokerage business Hugh D. Auchincloss Member New York Stock Exchonge Chauncey G. Parker, Jr. Albert G. Redpath Richard P. Dunn Harold C. Patterson Telephone Metropolitan 3116 EERS T MORTGAGES A GOOD RECOMMENDATION ‘When you take into consideration that large insutance companies and other institutions responsible to the public for billions of dollars protect their guardianship by investment in first mortgages you must realize the safety such investment offers. In- vestment in our 69 FIRST MORTGAGES gives you opportunity to enjoy this same protection and profit by the lib- eral return which is assured. There will be no change in the earnings during the life of the mortgage—al- ways 6904 3 May be purchased in amounts from $250 up.. B. F. SAUL €Q National 2100 925 15th St. N.W. Over a Th;'rd of @ Century SAFETY