Evening Star Newspaper, July 27, 1931, Page 13

THE EVENING B.&0.NET DECLINES IN MONTH OF JUNE Decrease of $610,774 Re-| ported in Railroad State- " ment-+Expenses Cut. BY FDWARD C. STONE. Net railwiy operating revenues of the Baltimore & Ohio Railroad in June | amounted fo $3,082.903, in comparison | with $3.693.677 in June, 1930, according to the monthly statement made public this noon. This was a decrease of $610,774. The B. & O. also reported net carn- ings for the first six months of 1931, showing railway operating profits of $11.528.249, against $17,722.855 in the first half of 1930, a decrease so far this year of $6.194.606. The report covering June naturally ghows that freight revenues suffered most, 4his income totaling $11.16! compared with $1 month a vear ago, a di 012 Passenger revenues $349 344 during Jun Efforts on the part of the road's man- agement to cut expenses met with marked succes during the month. Railway operating expenses June totaled $9,971.965. agair reduction cos were, in these month of $2,224.065 tion in operating exponses b made during the half-vear total cut being $17.230.1 President Willard seid that the reduction in considered temporary How soon they waill be taken barck. of course. depel on the length of the busin~ss depressic in the territory served by the road, $60.000,000 Treasury Bill Offer. The Treasury Department is offer A new issue of 81-day Treasury hills the amount of about $50.000.000 to be gold to the highest bidder Julv 30 The bills, which will be dated Au-| gust 3 and mature November 2. will be Tedeemed at face value at the end of | 91 days. Funds received from the bills will be| used to retire $60.000.000 in Treasury | bills which fall due on August 3 | The Treasury Department announces that the $50.000.000 91-day Te: bills offering dated Ju was nearly four times oversubscribed, the total ap Pplid bein, 310,000. The average rate on a bank discount basis is about 0.46 per cent. a new low figure of interest rate on this type of | obligation. The lowest bid accepted was 98.868 and the highest 99.900. Stronger Bond Market Seen. Here is the view taken by the Alex-| ander Hamilton Institute of the out-| look in the bond markct “The forces which are at stimulate bond prices are slowly but probably effectively | the beginning of June the general trend of bond prices has been dually | higher. While the increase continues to be manifest chiefly in the highest grade securities—United States Gov-| ernment bonds and the highest grade | rails and public utilities—individual in- stances of improvement in secondary bonds and_preferreds have not been wanting. The situation favors con- tinued strength in the bond mark particularly with regard to the strong- est corporate issu As to Business Equilibrium.. Dr. Benjamin M. Anderson, econom- Chase National Bank of New Yor period the other day | emvlo work to | operatiny Since ist, Men released from wc are sceking work elsewhe Busir men, finding certain lines unprofital are looking eagerly for other lines which may be made profitable. Industries are seeking to readjust their lines of pro- duction and their prices so as to meet | the markets’ demands. The process of | reequilibration is going on. Given the | security of life and property. given the | gold standard. given the enforcement of contracts, and given anything like un- trammelled, open markets. the people themselves. individually, will finally re- | store equilibrium and bring back ‘good | business. The process is going on and Pprogress is being made Bonds Lead Local Exchange. Bonds led trading at the opening of the week on the Washington Stock Exchange today. The first transfer was 51,000 W ington Railway & Electric 4s at After call, there were two more $1000 rales at 921, and $500 sale in the same | bonds at the same price. There also $1,000 sale at 92'.. Mergenthaler Linotype was N stock to appear on the board. 10 s selling at 773 and two other 10- Jots at 77',. Later in the session other small sale took place at the figure. g Peoples Drug Stores preferred came out today at 101', the strengih being a reflection of the recent favorable re- port for the past six months. Washington Railway & Electric pr ferred figured in a small lot sale at par, and a single share of American | Security & Trust Co. stock appeared on | the board at 320 Capital Traction was neglected today. elosing with 41 bid and 43 asked. Both American and Corcoran Fire Insurance stocks are now being quoted ex-divi- dend. Heard in Financial District. The North American Co. has decl the regular quarterly dividends of per cent in commop stock on the ¢ mon and 75 cents o the preferred, both | payable October 1 to stock of record September 5. It looks like an excellent year Peoples Drug Stores, Inc., with the half year's earnings on_common cqu $1.37 a share, against $1.17 a share the like period in 1930. Further the company's earnings were larger in the last half of 1930 than in the first half, and should be this/ year. | Capital Traction's June report was! filed with the Public Utilities Commis- | sion. As noted in The Star ral days | ago. net earnings showed a gain of | $10,394.63 for June and $4,907.16 for the' first half year. President Joshua Evans of the Dis- | trict National Bank is taking a two| weeks' vagation, basking in the pine | air of Maine. CHICAGO DAIRY MA}\KET. CHICAGO, July 27 (#).—Butter— Re- ceipts, 10,106 packages; steady: cream- ery specials (93 score) extras | (92 seore), 23! sts (90-91 | score), 22023; firsts (88-89 score), 201 a21 seconds (86-87 score). 18a20; standards (90 score), centralized car lots), 23'. steady: extis firsts, 18; current receipts . Argentma Gold Shipment. NEW YORK. July 27 (#).—Argentina 4s shipping $4.000.000 in gold to New York to be applied to payments on for eign debt. NEW YORK BANK STOCKS NEW YORK J\lly 27 (#)—Over-the- eounter market: Banks. < in one field | . Asked 44 6812 63 250 3090 59 Ter. America ..... Chase . Grin Ghat Phenix Commercial Natl First Natl N Y Manhat Co ... Rational City” Public ... Trust C© Bankers Brookiyn "1 nem Bk & ont BX & Tr . Corn _Exchange Empire .. aranty rving hnuh:uuen New York .. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office, Note—AIl stocks are sold in one hundred-share lots excepting those designated by the letter s (80s) (250s). ~Prev, 1931~ High, 52 284 92 2014 12% 59 182% 126 425 187 23 20% 621, 664 12% 72 120% 10415 8774 8013 Low. 15 11 839 7 70 2 65 301 8oty 41 201, Stock‘and Dividend Rate. Abitibi Pwr&lap pf.. 4% Adams Express (1).. Adams Exp pt (5). Alaska Juneau (40c) Alleg Corp. .. Alleg Cp $40 W' Allled Ch & Dye (n6) Allied Ch & D pf (7). Allis Chalmbers (2).. Alpha Port Cemt (1), 4 Amerada Corp (2). 2 Am Agri Ch of Del. 1 Am Bank Note (t3). 1 Am Banx Note pf (3)2008 Am Br Shoe (2.40)... 1 Am Brown Bov Elec. 4 Am Br B E pf (7) Am Can (5).. Am Car & Fdry (1) Am Car & Fdy pf (7 Am Encaustic TII'g. Am European Secur. Am & For Power. . Am Jce (3). Am International. 1 Am Mch & Fdy 1.40 1 Am Mach & Metals. 1 Ar: Metal Co.. 1 Am Nat Gas pf . 108 4 3 Sates— 1 8 108 81 6 14 3 3 123 Am Pow & Lt (31)... s AMP&LtDLA (4., Am Pow & Lt pf (6) . Am P & L pf A st (5) 2 Am Ra&Std San 60c., Am Roliing Mills.... Am Safety Razor (5) Am Shipbuilding (5) 20s Am Smelt Ref (2 Am Solv & Chem. s Am Steel Fdy pf (7). 108 Am Tel & Tel (9).... Am Tobacco (16) Am Tobacco B (16).. Am Water Wks (3).. Am Wat Wks cfs (3) Am Wat W 1st pf (6) Am Woolen. . Am Woolen pf. Am Zinc Lead & Sm.. Am Zine & Lead nf Anaconda Cop (1%) Anaconda W & C (1). Armour of N1 A...eu Armour of 111 B. Armour of TIL pf. ... Artioom Corporation Asso Dry G (2%4). ... Asso D G 15t pf (6).. Atch To & S Fe (10). Atch To&S Fe pf (5). Atlantic Refining (1) Ayburn Auto (£4).. Artosales. Aviation Corp of 4 3 5 2 150 9 Mot idwin Loco pf (7). 208 alto & Ohlo (5) . 4 Alto & Ohio pf (4).. 3 nberger pE (64). 408 Bros. . Bendix Aviation (1). 5 Bethlehem Steel (4). 127 Bethlehem St pf (7). Rohn Alum & Br1%. Tion Ami (+3) crden Co (k3) Warner (1). any Con M (A) Mfx (11%) ckwa BKlyn-Man Tr (4)..a Brown Shoe (3)..... Bruns Ter & Ry S. Bueyrus (1)... ruscv pf (2 104 (E G) Mfg. Budd Wheel (1) Butte Copper & Zinc. Butte & Superior. Butterick Co.. vers (A M) Caiumet & Arizona. . Calumet & Hecla. ... Canada Dry G A (3). Canadian Pacific 1% Capital Admin A. ase (J 1) (6). aterpillar Trac (3). ‘erro de Pasce (1) nt RIRof NJ (8). y Rib Mi -teed Prod pf. cker Cab M. ... s & Oh10 (234)... “hi & Alton “hi & Altor pf. Chi Great West pf. C e « « « [ ) b « © « o *hi & Northwest i4). “hi Pneu Tool pf nf A (6) A Graph 56c. rapho ctfs 56¢. slumi Carbon (5) .. omel Credit (2) 3 “omel Cred 1st (614) 208 Somm Inv Trust (2). “omm Solvents (1).. ‘omwlth&Sou (40¢). nwlih & Sou pf +6) (4).. nrof iy, 2 ed Film. .. Consol F Consol Gas Con Gas of Contl Insur ; Consol Laund Consol Text Contl Bakin: s Contl Can (2%). Contl Dia Fibre (1).. Contl Motors. . Contl Oil of Del. Cont Siares. »rn Products (14).. QOTWINE. L.k L cadtais )a Cane | n Am Cuban Dom Sugar. .. Curtis Publish pf (7) Curtiss Wright Corp Curtiss Wr Corp A.. Cutler Hammer re & Hud (9). <& Wn (4).. fumond Mateh (1), oiamond Mtch pf 1% Dome Mines (1).... Domn Stores (1.20).. Douxlas Afr (11%).. Drug Corp (4). Dupont de Nem Du P de N deb pf (6) odak (18> aton Axle (1.60) ec Auto Lite (6 » Elec Pwr & Lt (1)... llec Pow & Lt pt () licott-John (3). .4 ng Pub Sv pf (5%). q Office BIdg (2%). ureka Vac Cleaner. airbnks Morse 1.60. ed Mot Truck (40c) 4 Fed Wat Sv A (2.40). id Ph Fire In (2.60) st Nat Strs (23%). ter Wheeler (2 *ourth Nat Inv mabe ox Film (A) (233). eport-Texas (3). amewell Co (6).... 208 Gen Am Tank Car(4) 3 Gen Asphalt (3) 2 Gen Baking (2). (Gen Bronze. .. General Cable pf. Gen Elec (1.60). Gen Elec svec (80e) . Gen Focd Corp (3).. Gen G & El A (e300). Gen Mills (3). Gen Motors (3). Gen Outdoor Adv. Gen Realty & Util Gen R& Ut pf (e6).. Gen Refractorles (4) « Gen Theater Equip. . illette Saf Ragor.. Glidden pr pf (7). Gobel (Adolf). . Gold Dust (2%). Goodrich (BF)..... Goodyear Tire&R(3) Goodyear 18t pf (7). 15% 14 86 15% 7 15% 14% 86 147% 6% 18 112 124 24% 13 1813 16% 39 63 288 7 6819 97% 174 61% b 16% 14% 86 15% 6% 18 13 124 24% Prev, Add 00. High. Low. Close. Close. 16 14% 88 15% 674 30 113 126 25% 10015 7 318 5 411, 14% 3818 3614 100 4z 77 28 ~Prev. 1631~ an 109 42 s 5% Hupp Motors. .. § High. Low. 13% 64 4% 3% 10 10% 36 18 25% 2414 4 5 111 8314 81 4% b8% 27 13 4l 74 10% 53 361% 40m 5 1165 . I}(. 14% 17 18 Stoek and Dividend Rate. Gotham Silk Hoslery Graham-Paige. , Granby Con Min, (l)- Grand Union. .. Grand Union pf (3).. Granite City Steel (2) Grant (WT) (1).... Great Northn pf(4).. Grigsby Gruno Harb Walk Ref (2) ). Hartman Corp (A).. Hawalian Pineap (2) 80s Hercules Pow pt (7). 108 Hershey Choc (5). Homestake Min (17). Houdaille Hershey. . Household Fin pf (4) Houston 011 3 Iowe Sound (2)., 111in01s Central (4)., Ingersoll Rand (4).. Insuranshares Del A. Insur Sbrs Md(40c)., Interb Rap Transit.. Int Agricultural, Int Bus Mach (n6). .. Int Carriers, Ltd 60c. Int Combustion. . Int Comb Eng pf. Int Harvester (2%).. Int Hydro E1 A (e2). Int Match pf (4). Int Nickel (60¢). Int Paper & Pow C. Int Rys Cen A pt (5) Int Salt (3).. Int Shoe (3). Int Tel & Tel (2) Intertype Corp ( Sre PSS e =T T S-S PSP e - 2 3 Jewel Ten (4) Johns-Manvil Jones & Lang pf (1).100s 50n S KC P&L 1st pf B (6). Kansas City Sou (2). wns City Sou pf (4) yser (J) & Co (1). Kelvinator Corp. ndall Co pt (6). Kennecott Copper (1) Kresge (SS) Co 1.60. Kreuger&Toll (1.61). Kroger Groc&Bak (1) 18 56 901n 215 Ph « Phillips Petroleum. . 2 Pierce Ol « Prairie Pipe L (3) 109% 145 103% 314 247 “ Safeway Stores (5). 'y Sou P Ric Sug pt (8) » Stand 011 Cal (h2%). 9y 6% mbert Co (87,4000 Lee Rubber & Tire. ., Lehman Corp (3 Lib Ow Ford Gl » Litg & Myers B (1), Link Belt (2) Liquid Carbonie (3) 4 Loew’s Inc (3) . Loft Inc . Loose-Wiles (12. Lorillard (F) Co.. Lorillard (P) pt (7). £ B-Zhanmmamnan " McCall Corp (2% ) Meckeesport T P 15 McKesson & Rob (1) Mack Trucks (3).... Macy (RH) & Co(n3). Mad Sq Garden (60c) Man Elevm g . Manhat Elev gtd (1. Marmon Motor Car.. Marshall Field (2% ) Mathieson Alkall (2) May Dept Strs (2%). Mengel Co. Mexican Seabo: Mid Continent Petm.. Midland Steel (3).... Mo Kan & Texas.... Mo Kan & Tex pf (7) Mohawk Carpet..... Montgomery Ward.. Motor Meter G & El. Mullins Mfg. . = Mullins g 0 o 1 10 e 0 5 0 0 11 Nat Belia Hess t Biscult (2.80) at Cash Register A, at Dairy (2.60) at Pow & Lt (1). « Copper (1).. N Y Central (6) N Y Chi & St L pf (6) N Y & Harlem (5). Y N H & Hart (6)., Y Ont & Western. N Y Steam pf (6). Noranda Mines. Norf & West (112).. North Am Aviation., Nor Am (b10% stk). North Amer pf (3). Northern Pacific (6) 5 Ohio V1 . 4 Orpheum Cir pf (8).. 108 Otis Elevator (2%).. 4 1 ..1108 wcific Coast 15t pt. . 608 ciNc Gas & Bl 42). 3 *ackard Motor (48¢c) 19 ub 2. T4 Pathe Excnange A Patino Mines Penick & Ford u) Penney (J C) (2.40) Tenn Iailroad (3) Fetroln Cp of Am(1) Thelps Dodge (1) ... aCo6% pt (3).w Phil Read C& L usar P OTHUP PP T P Qe Tierce Petroleum. . .. Yorto Lic-Am To(2). Postal Tel&Cable pf.. rie Oil & Gas. Pressed Steel Car. ... Proct & Gamb (2.40) Proc & Gamb pf (5).. PubSvNJ (3.40)... o 2 It Corp (4)... Pure O1l pt (8) ... Purity Bakeries (3) s w% R2 wm®® anmneBanZel 1tadio Corp. .. Keith-Orph A. ing 2d pf (2) ... ilk Hoslery. Itemington-Rand. Reo Motor Car (40 Republic St Reynolds Metals (2). Reynolds Tob B (3).. Richfleld Ofl. Rio Grande Oil Roval Dich(n = 89) o 2 eway pf (6). t Joseph Lead (1).. St Louis & San Fran. St L-San Fran pf (6) t L Southwestern. . cott Paper ($1.40)..160 eaboard Afr Line. eab Afr Line pf. ears Roebuck (2%) econd Nat Inv pf. eneca Copper. antonnhae hell Un Ol pf (l%) Simmons Co.... o Sinclair Cangol Ofl, « lu.ss Sheffleld St pf. niger Packing. .. South Port Rico Sug. @ B » S o RAR AR NNANE AR NN NS e nE B E @ South Cal Ed (2). South Pacific (6). outhern Rwy (m6). onuth Ry M&O ct (4) parks Withing (1).. tand Brands (1.20)« tand G & E (3%) Stand Invest Corp Stand Ol of Kansas. Stand OIL N J (12) Stand Ol N Y (1. Starrett (LS) (12%) Sterling Sec Av.saee Stewart Warner. Stone & Webster (3). Studebaker (1.20) Superheater (2%). . 5 COrp (2)aes. o s G Sulphur (3). exas PC & Oll. exas Pac Land i Avenue. . upson Prod 1.20. ide Water Asso Ofl. Timken RoHer«3) Tobacco Products Tobacco Prod A t95¢ Transamerica (40¢) . - Bales— Add 00. High. Lov. 8% 3% 14 15% 434 22 37 444 3% 14% 26 4% 29% 116 95 95'4 4% 59 40 19% 7 46 924 8% 3% 1" 16% 4314 22 87 44 3% 14% 26% 4% 27% 116 95 96% an 58 40 19% 7 46 92'4 11 €% 21 1% 1388 81g 2 19% 4l% 23 52 13 24 38y 3319 450 28% 12 3919 B1% 60% 1185 118 15 115 28 28 48% 4B 123, 12 10% 52 19 26% 19% 20 66 314 141% 84 2 20 424 28% 15% 1M 26 28 44 5% 47 4 1915 187 101 101 12% 1l a1 8l 79 IEy o 9iy 3. 3w T6% 5k 6in 311 5214 a1, 2414 21% 21 4 14 94 17 1314 52 14 19 1% 2818 60 i ble 110 184 166 8 6574 55 35% 10 15 18% 167 8 67% 55 36 10 45 42% 9y 42 6% 20% 5014 16% 10% 22% 1% 4% 110'6 110 43% 8% 30 55 i) 17% 62 1% 867 11% 374 17% 18% 3% 11% 304 10'% by 34 315 10 T% 3% "% 7 (Continued o Page 14 STAR, WASHINGTO D. C, MONDAY, JULY 27, 1931 Prev. Close. Uiose. 8% 3% pL} 16% 43 22 37 4414 3w 14% 26% 4% 27% 116 95 954 4 58 40 19% 7 46 9215 11 6% 21 1% 141 84 2 20 424 2314 53 13% 2 384 ur 15% 43% 22 37% 44% 3 14% 27 4% 27% 116 95 99 A% B8% 380 19% LA 46% 92 111 6% 22% 1% 141% By 2 19% 418 234 52 13 24 38l 3419 49 29% REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD Invited ISTOCKS IRREGULAR ON LIGHT TURNOVER Speculation Is Restrained Pending Action on U. S. Steel Dividend. r 3. 5 o ll.vlrl.lllll ), 1520 K'St. N.W. National 0475 Money to Loan Secured by first deed of trust on real estate. interest and commission. .loupln I. Weller BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, July 27.—In a market that for inactivity matched anything seen before this year, stocks on the Ex- change today moved irregularly, firm- ness in the industrials being partially offset by heaviness in the rails. The best prices were made just before the end. United States Steel sold at its high- est of the session near the close, seem- ingly showing that the stock had dis- counted prospects of a dividend cut. On the other hand, the railroad shares | were in supply around the lows of the movement. June reports really made a better comparative showing ®han did those of a month ago. For instance, St. Louls-Southwestern increased its net income in spite of a falling off in | gross and Atlantic Coast Line recorded increases in both gross and net over re- sults a year ago. The percentage of the falling off in earnings in June was sib- stantially lower than that of May, but | what the market evidently feared was | the reduction of railway dividend rates. In general it may be said that stocks reflected more the immediate prospects of the individual corporation repre- sented rather than any trend of the | market as a whole. From the low volume, less than three-quarters of a million’ shaves, it was plain that how- ever unfavorable the outlook there was no stock pressing on the market from ither investment or speculative sources. | It was natural that speculation should be restrained, with the United States Steel dividend to be acted on | Tuesday. The Strect is reconciled to| a reduction in the rate, but it is not | sure what the market effect will be because it cannot foresee whether or | not there will be any outside liquida- tion. As far as margin accounts go the situation is as strong as it has been any time during the bear market, bu* | that will not prevent stock coming out of strong boxes if and when the divi- dend rate is further pared. Beside the Steel dividend there is concern over the disbursements on many railroad stocks. Here, too, the | market may have discounted the ex- | | pected cuts, but that again is purely | conjecture and the uncertainty results | {in_cutting down trading. | The market opened lower, with | nited States Steel at a new low on | | the movement, but after the initial transaction it rallied and the early losses were more than cancelled. There- after it relapsed into inactivity. One outstanding strong spot was American | Woolen preferred, up over 3 points, | Reports from the woolen industry are | | increasingly optimistic and this, com- | bined with the strong asset position of the preferred issue, brought buying into the stock. Shoe stocks were strong but | inactive, with Brown Shoe at a new 1931 high. | With the exception of Auburn, which is a law unto itself, the motor stocks were firm, encouraged by the good sec- ond quarter report from the Studebaker Corporation, showing 56 cents a share on the common stock against 35 cents in the preceding quarter and 41 cents in the same period a year ago. This ability of the motor car producers to increase their net income, despite ths falling off in sales in the industry, as a whole, is one of the most encouraging features of the whole situation. _ Lowest Rates -*- = WE WILL LOAN MONEY On First Mortgages —For Buying ~—For Building —For Refinancing completed properties. 0 delays are encountered in seeur- ing loa on first mortgages at reasonal tes. due to the tremen- dous resourees of this company. Permlt ws to give vou further in- formation without obligation on your " REALESTATE MORTGAGE & GUARANTY CORPDRATION 1610 K St. NW, National 1403 OLDEST NATIONAL BANK in the District of Columbia ADEQUATE INSURANCE R T sured, but unless steps P are taken to safeguard eficiaries are inadequate- ly protected. A LIFE INSURANCE TRUSE, with? thiatt old bank, makes certain se- curity of principal, regu- lar income for benefici~ aries; experienced man- agement. CAR WASH Progressive Auto Laundry 1123 Trsine ol oata s Sun.. Holidays, $1.2§ MONEY TO LOAN REAL PSTATE No Commissions or Renewals JEQur Trust OMcers imvite con- ference with you on this subject. National Metropolitan o' BANK 15th St., opp. U.S. Treasury Before Renewing Your Present Loan Consult Columbia Permanent Building Association 733 Twelfth St. N.W. ' Equitable Co-Operative Bldg Ass n; Organized 1879 51st YEAR COMPLETED | JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary Subscription for the 101st Issue of Stock Being Received Do You Wish A Loan Those who desire to on Real Estate borrow money to pur- chase a home, refinance present indebtedness or improve property, should see us. Applications will Take Up a receive prompt and eour- teous attention. FlrSt Mortgage‘.’ Loans Repayable Monthly No Brokerage . . . No Commissions 915 F ST. N.W. or to AT LOWEST gL Now it is easy to own the PLUS PRICES . value FRANKLIN ++¥ New convenient terms—lowest fine ear prices—new low cost upkeep—long life. Try a Franklin ride. Callan Motors, Inc. 1529 M St. N. FINANCI,'\L ENTERPRISE SERIAL BUILDING ASSOCIATION 7th and Indiana Ave. NW, LOANS ON IMPROVED DISTRICT O} COLUMBIA REAL ESTATE SECURITY 66th Series of Stock Now Opem For s-burlptlwn" James E. Connelly James F, Shes President Secretary Money on Hand to Loan on First Deed of Trust 67 Interest Reasonable Commission and Prompt Replies to * Applications JAMES F. SHEA 643 Indiana Ave. N.W. LOANS ll'll"(v!fl 3rd vl 2, B Xt Dt MR. FRIEDMAN 418 5th St. N.W., Room 707 NAT. 4519 First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. SAVINGS For Purchasing or Re-financing D. C. Real Estate 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 ’ Arranged on great advantage rower. We welcome your i auiry about our Loan Plan. Open Daily 9 to § Saturdays Until Noon NAtional 1381 low PERMANENT BUILDING ASSOCIATION 949 NINTH ST. UNDER SUI SION OF U BOSS and PHELPS Realtors FOUNDED 1907 11T K St. N.W. Loan_Correspondent John Hanmcock Mutual Life Insurance Co. Columbia Building Association 716 11th St. N.W. Under Government Supervision Pays 5% Let Us Refinance Your Maturing Real Estate Loan Compounded Semi-Annually No Commissions Charged 22 Years’ Successful Business Without the Loss of a Dime We Give Property Management Personal Attention HEN you place the management of your property in our hands—apartment house, office building, residential or business— bear in mind that you escape all the annoying de- tails—in addition to enjoying the benefit of our ex- perience—which has to do with economies in ex- pense: and increase in income. Our service is all-inclusive—continuous—and in your best interests—a service that more than com- pensates for the modest fee. Consult with us about your problems. PROMPT remittances are the invariable rule of this office RANDALL H. HAGNER & COMPANY MORTGAGE vlmx CORRESPONDENT ANewZork _(44 Insunaece b mppany 1321 Connecticut Ave. Decatur 3600 e s r = £ H H £ £ & = REAL ESTATE LOANS As Mortgage Loan Correspondent of the Metropolitan Life Insurance Company we are prepared to assist you. Construction Loans in Any Amount EAVER BRO REALTORS Washington Building District 9486 Loans made in the District of Columbia and nearby Maryland and Virginia ASFIET P RISTET MR T G AGE'S INVESTED MONEY THAT IS CONSTANTLY EARNING There is one type of investment that keeps its principal constantly, continuously and stably at work— our 6% FIRST MORTGAGES Such money doesn’t experience an idle hour; nor does it vary a single point in what it earns. From the day of investment to the day of the maturity of the mortgage, it pays 6%—no less. Over a Third of a Century Without -a Loss May be purchased in amounts from $250 up. COEs SR C0 ional 2100 ; ¢ 925 15th-St. N.W. B Nat THERE IS NO SUBSTiTUTE FOR SAFETY