Evening Star Newspaper, June 17, 1931, Page 13

BANKERS T0 LEAVE FOR CONVENTION ore Than 200 D. C. Finan- ciers Will Depart To- ¢ " night. U BY EDWARD C. STONE. More than 200 Wrshington .bankers nd their guests will leave from Union :lltwn lt'fl,flo o'clcck this evening mboard a special Pullman train for the annual convention at the Homestead, Hot Springs, Va. the sessions opening tomorrow and ding Saturday, with the delegates returning to the Capital on Monday morning. Many are also ing by motor. . 'BOI:Q lxlb-mlrmu change has been an- ounced in the program, ‘according to General Chairman F. P. H. Siddons. Rome C. Stephenson, president of the [American Bankers' Association, wno had planned for several weeks. to attend ghe conclave, found it would be impros- gible to be present. His place on the program will be taken by W. Espey big, deputy manager of the savings ank division of the A. B. A, He has mlready addressed District of Columbia [ponventions and is an excellent speaker. Several additions have been made to Bhe list of delegates and guests who will mttend the meeting, among them being: C. F. Burton, Washington Mechanics’ Bavings Bank; Mrs, David Bornet, Na- Rional Savings & Trust Co.; Mr. and rs. J. F. M. Bowie, Federal-American glnk: E. S. Burgess, North Capitol avings Bank; R. A. Brodesser, Mr. and rs. Harry F. Clark, Riggs National; oshua Evans, jr., District National; ohn A. Eckert, North Capitol Savings ank; W. W. Georges, Federal-Ameri- an Bank & Trust Co.; Mr. and Mrs. Garland H. Hayes, ; Mr. and Mrs. Her- 3 Nathan B. Scott, II, l mercial National; Mr. and Mrs. R. D. Schreiner, Bank of Brightwood; rter E. Talman, American Bank & st Co., Richmond; Samuel M. Thrift, nklin National; Mrs. George O. Vass, [Riggs National; Mr. and Mrs. Osca . Thorup, and P. P. Willlams, North pitol Savings Bank. Merchants Transfer Election. At the annual meeting of the stock- holders of the Merchants Transfer & Btorage Co., held late yesterday, all the pficers and directors of the local corpo- jon were re-elected. Ben L. Prince, first vice president; . B. Buck, second vice president and retary; David P. Smith, third vice president; F. G. MacAloon, treasurer; . B. Doggett, assistant secretary. Directors are G. Thomas Dunlop, Wil- iam J. Eynon, Willlam F. Ham, Flem- g Newbold, John L. Newbold, jr.; Ben . Prince, David P. Smith, Leon frobriner, Donald Woodward and C. B. puck. ‘The directors declared the regular arterly dividend of $1.75 on the pre- erred stock and the semi-annual divi- gend of $3.50 on the common, payable y 1 to stockholders of record June 22. Books are to be closed from June 22 to uly 1, both dates inclusive. President Newbold said, in view of pusiness conditions, the board was pleased at the substantial increase in arnings for the first five months of Bo31 as compared with that period in [1930. ~ The improvement” not only kpeaks well for the company, but also for present business in the community, he told the directors. Accountants Elect Officers, Thelannual meeting of the Distriet of olumbia Institute of Certified Public{* ccountants was held Tuesday at the nited States Chamber of Commerce, he following as its officers and mem- bers of the board being elected for the nsuing_year: James B. Grice, presi- dent; Oscar J. Bernstein, vice presi- pent; Wayne Kendrick, secretary-treas- rer; board of governors, Harold C. nderson, Oscar J. Bernstein, Dwight . Burnham, James B. Grice, Wayne endrick, Arthur J. Linn, Harold S. Roberts. The _retiring president announced hat the institute has, through its hboard of governors, contributed to the reater National Capital Committee nd $100 in the movement of this pommittee for the betterment of the pommunity. At the conclusion of the business ses- jon, the members present motored to Wayne Kendrick's farm in Virginia, here all participated in an evening of least and fun. Johnston Joins Investment Firm. Robert C. Jones & Co., investment bankers, with offices in the Shoreham juilding, announced today that)Robert G. Johnston has become associated with =ir organization. Mr. Johnston is well known in finan- fal circles here, having formerly been local manager for Samuel McCreery Co., members of the New York Stock Ex- hange. Regular and Extra Voted. ‘The board of directors of the Amer- can Security & Trust Co. has declared he regular quarterly dividend of 3 per ent and an extra dividend of 1 per nt, payable July 10 to stockholders of ord June 30. Directors of the Prudential Building ociation, 1331 G street northwest, jhave declared a dividend at the rate of 8 per cent per annum on all pass- book payments of record on June 5, j1931, Secretary E. J. Carlson announces. E. A. Pierce & Co., through the Wash- gton office, are distributing a special alysis of sales of 51 chain store and nail order companies for May and the jirst five months of 1931. EDERAL RESERVE BANKS INCREASE INVESTMENTS Ipecial Dispatch to The Star. NEW YORK, June 17.—The Federal Reserve statement as of June 10 shows in the investments of mem- ber banks over a year ago amounting to 1,894,000,000. Of this amount, $1,243,- 000,000 was in Government securities. is bears out the evidence in other guarters that institutions have been oncentrating their purchases on Gov- rnment _issues. If the remaining mount of their investments in the past j12 months were to be analyzed, it vould be found that a considerable por- jon of it was in municipal bonds and legal rallroad and public utility mort- ges. At the same time that the banks [have been exvanding their irfvestments have reduced their loans on securi- by $1,766,000,000. BROKER DIES OF WOUND. NEW _YORK, June 17 (#).—Worth- ington Davis, 34 years, socially prom- inent Stock Exchange broker, died last night of wounds received when he ac- cidentally shot himself with a rifle. ‘Mr, Davis was a first cousin of Ralph Pulitzer, former newspaper publisher, lwho was at his bedside in Flower Hos- pital when he died. ‘While alone in his apartment in East Pifty-third street, Mr. Davis was changing the barrels on & combination hunting and target rifle When the gun exploded, sending a bullet through his just below the heart, He was found unconscious a short while later by his butler,’ who had been on an errand. Mr. Davis was a bachelor. EXCHANGE SEAT $200,000. NEW YORK, June 17 (4).—The value of New York. Stock Exchange member- $7,000 today when NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. excepting which shows those stocks were sold' In odd lots. ~Prev. 1031 ' Stock and High, Low. Dividend Rate. 3% Abitibi Pow & Paper Abitibl P& P pf (6) . Ahumada Lead Air Reduction ( Alr y Elec Appl. Alaska Juneau (40¢ Alleg Corp... Allled Ch & D Allis Chalmbers (2 4 Amerada Corp (3). = 6 5 36 118% 116% T 24 28% 16% 19 38 ™% 1408 71 68% 179 102% 101% 1% 17% 58% Am Car & Fdy gf 4l Am Chicle (13) Am European Secui Am & For Powe: Am Hide & Leath p: Am Home Pr (4.20) Am Ice pf (6) Am International. Am Locomotive (1), Am Mch & Fdy 1.40 Am Nat Gas pt 4 Am Pow & Lt ( Am Pow & Lt pf Am Ra&Std San Am Rolling Mills. .. Am Safety Razor (§) Am Smelt Ref (2),.. Am Solv & Chem... Am Solv & Chem pf Am Stl'Foundries(1) Am Steel Fdy pf (7). Am Stores (12% ). Am Tel & Tel (9) - @ 0 Gt 00 3 00 1 e » - 3 5 Iy L) Reew Anaconda Cop (1% Anchor.Cap (2/40) Andes Copper. Archer Daniel 3 Armour of Del pt (7 Armour of IILA. % Asso Apparel (12).. Atch To & 8 Fe (10). Atlantic Refining (1) Atlas Stores(1)..... Aviatioh Coep af Dal Baldwin Loeomotive Baldwin Loco pt (7). Balto & Ohto (5) Bamberger pf (§34). Barnsdall (A) (1)... Belding-Hemingway Bendix Aviation (1). Best & Co (3).....00 Bethlehem Steel (4). Bethlehem St pf (7). Bohn Alum & Br1%. Borden Co (k3). Borg, Warner (1), briggs Mfg (11%) Bklyn-Man Tr (4)... Bklyn Union Gas (5) Bueyrus (1). Bucyrus cv pf (2%). Bucyrys pf (7) . Bullard Co. . SR Bush T Bldg pf (1).. 40s Butte & Superior. 1 Bvers (A M) 2%, 9% 104% 75 87% 43% 107 101% 4% % 1% 147 31% 38% 96% 3% Celotex vte = 14 Cerro de Pasco(1.5 214 Certain-teed Prod 27 CI & Ohlo (2% 27% Chesapeake Corp ( 4 15% Chi Great West pf. 3% Chi Mil St P & Pac 4% Cht :l StP&Ppt 6% Chi Pneu Toclk, ... 15'% Chi Pneu Tool pf.... 22% Chi RI& Pac(m2%) 50 ChiRI&P pt(6) 12'% Chrysler Corp (1 &F ‘el (3. 30% & F pf (6% ) 1308 - 79% 28y 3% 2 144% 144 3 44w 44 13 18% 134 Y TSI T I « ot 6 Columbia Graph 55 Columb Carbon (§) 13 Comcl Credit (2) 30% Comcl Credit A ( Comm Inv Trust (2. 1) 6% Comwlith&Sou (40c. 90 . Cmwith & Sou pf ( 6% Congoleum-Nairn 54 Consol Cig prpf & 10% Consol Film pf (3) 82% Consol Gas N ¥ (4).. 11% Consol Laundries (1) 5 Contl Ol of 121 Crex Carpet. 18% Cr Cork & Ses 29% Crown C&S pf (2.70) Crown Zellerback. Crucible 1 Cuban Dom Sugar. 35% Cudahy Packing (4 100 69 Curtis Publish (4) 118% 112% Curtis Publish pf (7) 5% Wright Corp. 8% Wr Corp A 41 17% Cutler Hammer, 23 9% Lavison Chemical. 167% Hud (9), 19% 11% Devoe & Ray A(60¢c). 23 14% Diamond Mateh. 134 8% Dome Mines (1). 78% 61% Drug Corp (4)...... 103 Duplan Siik pf (8) 107 __71__Dupont d “ 186% 118 21% 9% Eaton Axle (1.60). Eitington-Schild Elec Auto Lite () Elec Stor Bat (5).... dicott-John (3) Eng Public Sve (2).. Erie RR. ] reka Vac Cleaner. 1 ans Auto Products . 2 ‘airbanks M pf (1 Fed Lt & Tr (31%).. Fed Lt & Tr pf (6) 1008 10 108 Fox Film (A) (2% 22 Freeport-Texas (3) 42, ‘Gameweli Co (8). 73% 62% Gen Am Tank Car(4) 26% 17% Gen Baking (2). 116% 107% Gen Cigar pf (7) 3% Gen Theater Equi, 211 Gl Saf Rasor.. €2% Gillette Saf R pf (5). bel Bros / A vo3 8% Glidden pr pf (7).5..110s 68 4 Oohu(Adol'! 4 ) B4 bl 42% 21 Gold Dust (3%) 23 2% 26% 2 ‘w“m(l =.‘.‘m 1#_ 10% 1 X Note—All stock are sold in one hundred share lote those designated by the letter s (80s) (250s), 8% 0% ~Prey. 1631~ Stock and Dividend Rate. Hackensack W (13%) Hahn Dept Stores. .. Hall (WF) PrCo (2) Hanna pf (T)..oees Harb Walk Ref (2), Hartman Corp (A).. Ha; Body..ooueen Hercules Pow pf (7). Hersh Choc pf (16). Hollander Son! Houdallle Hershey . Household Fin pf (4) Houston Oil. . - Houston O1] (new).. Howe Sound (2)...0 Hudson Motor (1) 5% Huon Motor: D! Int Hydro El A (e2) Int Match pf (4) Int Nickel Int Rys Cen A pt Int Sal¢ /3) & 80% 40% Johns-Manville (3). 40 Kans City Sou pf (4) 2 Karstadt (Rudolph). Kayser (J) & Co (1). Kelly-Spring Tire. Kelsey-Hayes Wheel Kreuger (M 1.61) Kroger Groc&Bak (1) a Liggett & Myer (15). A ALMy-r- B (15) 19 Ludlnm Steel. . 264 Mcintyre Porc M (1) 108% McKeesport T P 15 % 11 McKesson & Bob 1) 37% McKes&Rob pf(3% ) 10% McLellan Stor Mack ‘Trucks (3).... Macy (RH) & Co(n3). Man Elevm g . 4 Manhat Shirt (1) Marine Mid (1.20). Marmon Motor Car. Marshall Field (%) Matnieson Alkall (3) May Dept Strs (23). Maytag Co 1st pf (6) Melville Shoe (2)... Mexican Seaboard. Midland Steel (3) Mo Kan & Texa ¢ Mo Kan & Tex pt (7) Missour] Pacifie..... Mohawk Carpet. Monsanto Ch W(13%) Montgomery Ward 60% 30% Northern Pacifio (§) —_— 7 Ohio O11 3% Omnibus Corp..... 35 Orpheum Cir pf (8) 58% . 317% Ous Elevator (23). 6% Otis Steel. b4% 38 Pacific Gas & Bl (1).. 69% 48% Pacific Lighting (3). 131% 116 Pacific Tel & Tel (7). 11% 6% Packard Motor (49c) $0% 19% Paramount-Pub2% 2% 1 ¥ark Utan. 1 Pathe Excharg Patino Mine: Penick & Ford (1). Pere Marq pf (5) Phelps Dodge (1) Plerce Oll pf.... Pierce Petroleum.... 256 Pllisbury Flour (2)., 28% Pirelll (A) (m3.13).. Pitts Coal Pittsburgh Ct Pitts Screw (1.40). Poor & Co (B). Porto Ric-Am To(3). 4 Prairie Oil & Gas Prairie Pipe L t3)... Pub Sve G&E pf(5).. Pullman Corp (4) ..o Pure O11. Purity Bal 104% 103% 8% 28 1% 5% b6 24% P e 2% 12 55% 45% 60 Hadio Corp. . Radio Corp pf A(3%, Raybestos Man 2.60. Real Silk Hoslery. mington-Rand. ... Rem-Rand 2d pf (8). Rio Gran 20 Ritter Dent Mfg 1%. 15% Rossia Insur (3.30) 24% Roy Dtch (m1.3404). 38% Safeway Stores (6). 86 Saf 2 ay 14 St Joseph ( 9 St Louis & San Fran. 15% St L-San Fran pf ( 7 St L Southwestern. 16 St L Southwest pf. 124 Savage Arms (2).. 40 Scott Paper (31, 3 Seaboard Alr Liwe: 44% Sears Roebuck 33% .. % Seneca Copper. 4% Bervel 1no. 16% Shattuck ¥ G (11%). 4% Shell Union ON} 2614 Shell Un Ol pf (B3 2% Shubert Theaters 10% Simmons Co. 5% Simms Petroleum, 6% Sinclair Consol OIL. 16 Sloss Sheflield Steel. 20 Sloss Sheffield Stpf. 7% South Port Rico Sug. 36 South Cal Ed (2).... 67% South Pacific (8).... Sales— Add 00, Hish. o 3% 2 1 2 108 1 39 524 1 48 8 13 26 N e 08 0N O i B ®SmamNn 43768 7 208 » Sruua » Sunnw - 3 [ - 3 k = PTIPPPR 9T DTN < g ooy 100 24 9% 11 42% 12 81 5% 6% 0% 16% 4% 38 Rails, 368 STOCKS ARE LOWER [N DRAGGY MARKET Utilities and Other ' Groups Move in Narrow Price Range. BY GEORGE T. HUGHES. P jal Dispatch to The Bt YORK, June 17—In the dull- est sesslon of the year, stocks sold off moderately today. Speculative initi tive was entirely absent, and prices sim- ply sagged. The rallroads were heavier than the industrials, although this was the day | Dow the carriers presented their rate in- crease petition to the Interstate Com- merce Commission. In the last hour Westinghouse Elec- tric was under pressure, sinking to a new year's low. In general the market left off at the low of the session. Mis- souri-Kansas-Texas preferred, on which the regular dividend was declared Tues- day, was an exception to the trend in the railway shares, advancing 3 or 4 points. . . . In the main the day's news was not encouragl) ‘The weekly reviews of ng. the irén and steel trade put production 3 down to 38 per cent of capacity against 40 per cent a week and sald that the trade was “reconciled’to. the pros- pect of a very dull Summer and is now r\nnm. its hopes on a seasonal recovery in the Fall ‘The reviews told of plans to close high-cost plants and spoke of a falling off in' demand from the auto- moblle manufacturers. ° ‘The May foreign trade statistics showed exparts of merchandise amount- ing to $205,000,000,. compared with $319,502,000 in May, 1930. For the five months of calendar year the com- rfllfln was $1,129,767,000 against $1,~ 80,634,000 & year l’n Something may be allowed for the lower price level of commodities, but -still the figures pic- ture a severe 3 ‘Then there were numerous dividend uncertainties affecting both rallroad and industrial wrpouliona. Everything considered, however, the markst was surprisingly steady.. Rallroad stocks weakened slightly, New York Central, Atehison Union Pacific s#lling off but on small volume. United S Steel during the morning hours held within a range of a point, ~Bethlehem Steel was offered down without brin; in any extensive liquidation. hem pays the $1 quarterly dividend on the common July 18, so that it is & little early to discuss any further reduction in that rate. SEES END ECONOMIST TO BUSINESS “BUNK” Eii i Special Dispatch to The St NEW YORK, June 17.—“We have ceased to listen to bunk about business Dr. Lewis H. Haney, Do. A director of the Bureau of Business Re- | west seach at New York University, told the convention of the Advertising Federa- tion of America. o True,” he continued, “we still have ‘Inspiring messages’ from some of the minor Government officials, but the stock market goes down just the same. It is significant that Mr. Mellon now recognizes that we are in the midst %|of & prolonged and drastic readjust- cago districi 3w | decline is anticipa 17% 80% 9! 99% 99% 116% 116% 1041 104% 36% 6! 81 16% 47% 39 13% 394 14 | disa] ment. Mr. Hoover now likens the state of business to Valley Forge. “The new-era notions are gone. Every pm‘nov ncotl‘;hen that :hehu»ctlltd durinig the Bext e years, ¢ UPWad “Another reason for hopefulness lles! Sne in the extent to which deflation has been carried out. )r‘«n only has the infiationary complex been destroyed, but we have actually gone a long way to- ward deflating the inflated business structure. Brokers’ loans may go lower, but they are as Jow as is necessary— | B! rhaps even sub-normal. ‘The public’ E almost entirely out of the n?arkn. and the sound of the ticker is heard no | Empire more in the land outside of Wall Street.” FALL GAIN IN MACHINE MARKET IS FORECAST mN('n;vmmncn €0 The Star, YORK, June 17.—Pros) are good for a Fall upturn in mlcmmols and machinery, American Machinist re- ports. Among the factors cited in trade :.I’r:tl'-(m u;iad :’tnnnh h:’n this view is of major design changes reported in General Motors cars to be announced this Fall. This will, of course, require independents to make corresponding improvements and should result in die business that will indirectly aid tool sales. Otherwise the present situation is uniformly quiet, with prices holding as well as can be expected. Current tool business in the New York market is largely governmental, including » few sales to Picatinny Arsenal -and an inquiry for 17 engine lathes from the Brooklyn Navy Yard. Philadelphia reports slight improve- ment, with sales of lathes, shapers, mwondhworm: machinery, millers and New England tool manufacturers hope for automotive sales. Government . Detroit is quieter it has been. Cleveland business is practically at a standstill, reports show- ing. sales of single items and commit- ments for aut tic machinery from automotive sources. ted. Milwaukee has single sales and a few inquiries, chiefly tools to small interests. Cin- Commitmenta ‘being slogle Tepisceent com! repl enf items. Buffalo deh:en. on the contrary, e June to show up well, at least bettdr than May, which was spotty and ting. Orders there are still from small buyers for single tools. —_— An international famine commission is loaning funds to farmers’ co-opera- tive socleties in North China, Money to Loan first deed of trust on real estate and l!..l:hl. e B W inancing D. C. Property . . . INVESTIGATE OUR LOAN PLAN Loans at 6% . . No Re- No Commissions Open Daily 9 to 8 !‘-r‘mqn Until Noon NAtional 1381 le- | Nash _ DIVIDENDS DECLARED NEW YORK, June 17 ()— Extra, v [ ;'gffi» & o g 0 1 3men 5 Gainew. He & July J il July ‘1 June 37 HE June 15 Accumulated. Mount Vernon-Wood- berry Mills ......51 .. June30 Omitted. Q July Bt nglo Nat ANSS Alywood™ A n_Boro Gas, June 30 June 13 June 25 June 30 Juiy 10 June 13 June 13 June 19 Mich P 8 7% pf.31.78 Mo Ri-Do 6% p! Milburn (Alex) Co el A _pf. s June 20 June 27 June 24 June 25 Bep. 18 June 30 July 1 July 15 Oct. 15 Wax Pap. Orange Crush Lid June 20 June 16 June 20 June 15 June 10 . 6% Bf. | wis Hy-E1 6% Worcester Sait DOOOO DODOOO DOOOOOOOOD OOOLOPOO D » DOOOOLO OO NEW YORK BANK STOCKS NEW YORK, June 17 (#).—Over-the- counter market: Asked. 4815 2% ving Manufacturers New York First Mortgage Loans Lowest Rates of Interest and Commission | Thomas J. Fisher & Company, Inc.| OPPORTUNITY - Guarantee -of “Principal. 2. 4.85% Income (3% suaranteed pius all surplus earnings now om | 185% basio). Free of Foderal Income Tax (for » period of years). Free of Fed- eral Estate and Inheritance Taxes. Prinel; Pagable Any Time, on Smin, Trvle Any Ae by banks as Collateral for at full face value. traet: & Sl Sy Compa; « irces approxi- mately e 7. Neo Medieal Examination. Devotits of 41050 (or any multiple) accep! For sarticulars apply M. LeROY GOFF 1036 Woodward Bldg. NAt. 0340 Insurance Exclusively, Over 20 years ‘Ready for All Mortgage Borrowers Money to Loan T Rty completed properties. We have plenty of money to lend on mortgages. gt s LT on first mortgages promptly and at ' Permit us to sive you further in- formation without obligation en your The COMMERCIAL NATIONAL BANK . 14th and G Streets Banking in All of Its Phases REAL ESTATE LOANS: Made at Low Interest Rates TYLE%_& R IE Jn‘(‘)ltD Money on Hand to Loan on —— = First Deed of Trust - 6% Interest Reasonable and Prompt Replies to A"fl.lnll.- JAMES F. SHEA 643 Indiana Ave. NNW. 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 years. Prompt deci- sions given applications. 51, % INTEREST BOSS and PHELPS Realtors FOUNDED 1907 1417 K St. N.W. oan Correspondent Mutual Columb Building Association 716 11th St. N.W. Under Government Supervision Pays 5% Compounded ENTERPRISE SERTAL BUILDING ASSOCIATION 7th and Indiana Ave. NW, - LOANS ON IMPROVED DISTRICT OF COLUMBIA REAL ESTATE . SECURITY 86th Serles of Stock For Snbm.ta:' O James E. Connelly Préstdent 4 . Secretary Semi-Annually ——————————— Bring This Ad and Receive $1.00 Credit ON OPENING A NEW ACCOUNT Let Us Refinance Your Maturing Real Estate Loan No Commissions Charged "22 Years’ Successful Business Without the Loss of a Dime Equitable Co-Operative Bldg. Ass'n { 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. Loans Repayable Monthly No Brokerage . . . No Commissions 915 F ST. N.W. LOANS -Reari:tate "To Take Up First Mortgages Public Service Corporation of New Jersey $5 Cumulative Preferred Stock 3 (Non Callable) ‘Checks’ for dividends, payable quarterly, mailed to registered -holders. - Listed on the New York > Stock Exchange Price $99.50 per share Be Made With Us to Defer Payment " Arrangements May ; Until July 1, 1931 ALEX. BROWN & SONS : “Established in Baltimore in 1800" ' Washington Office: 737 15th St. N.W. " 7 Telephone National 1053 Statements contained herein, although not guaranteed, are believed securate. SAFE FIRST MORTGAGES CAREFUL INVESTMENTS MEAN FINANCIAL EASE ' There is possibly no other invest- ment which is so carefree and trou- ble-proof as our 6% FIRST MORTGAGES We are careful in our appraise- ment of values, which ifisures safety of principal ; and you are assured this generous return of 6% regularly and continuously to the maturity of the mortgage. of 6 Century Wilhw! a May be purchased in amounts from '$250 -up. B . sSAUL CcO.