Evening Star Newspaper, August 7, 1931, Page 13

ON D. C. EXCHANGE cupml Traction Closes at 89 3-4—Unlisted Prices Are Announced. BY EDWARD C. STONE. As the week's business wound up on the Washington Stock Exchange trading seemed to catch the lack of spirit mani- fested on the New York Exchange and the day's sales were very light. Capital Traction closed the week at 20% on a 10-share sale, off fractionally from yesterday's final quotation. Com- mercial National Bank stock registered 200 today on a sale of only two shares. ‘The rest of the trading was in the bond division, Washington Gas 55 registering 107 and Washington Gas 6s, series B, 105 and 105'% Securities In the Unlisted Department were called off, as usual on Friday, and & few changes made in quotations. The asked price on Mayflower Hotel 6s was Jowered from 45 to 38; the asked price on Metropolitan Club 4!; was reduced one point to 100, 94 still being bid. The bid an National Press Building first 8los was advanced from 56 to 60, and the bid on Washington Base Ball Club stock was lowered from 65 to 60. Local Securities Hold Steady. ‘Washington Railway & Electric pre- ferred and common stocks have remain- ed very steady so far this vear, many other issues have not been so firm, especially some issues on the New York Stock Exchange. Railway & Electrig preferred i now selling around 100 oh the local exchange, the low for the present year being only 87'2. This means a yield of 5 per cent. This stock has varied hardly 10 points in five years. In 1926 the high mark was 913 and the low 88%. The next year the high was 101% and the low 90, ‘while in 1928 the stock sold up to 104 and down to 9915, During the year of the Wall Street break the stock dropped from 9934 to 92, while in 1930 it fluctuated from 99 to 93. By remain- ing above 97 this year, the stock has displayed rare strength. ‘Washington Railway & Electric com- mon is equally interesting, although its record reveals much wider moves. Back in 1926 the stock sold as low as 175% d #un climbed to 230. The next 927, saw a tremendous advance the common stock, quotations run- ning from 280 to 460. It was steadier ip 1928, gaining only 35 points during the whole year, closing at 485. The histary-making _period far me stock came in 1929, when, with a low mark of 500, it soared to 880, ln 1930 it dropped back to 560 ai le a_low mark of 500, practi e it is now. It sold once this.year at 421, but hands the other day at 502. Dehits to Individual Accounts. During the five weeks ended July 15, lnffllfie debits to individual accounts in the reporting cities in the Pifth Federal 've District, totaled $1,376,- ::p.m. lflt hmmufiumm?m ‘or per cent, over tal 1,- 296,224,000 during the pl&gedln[ five weeks, ended June 10, 1831. This in- crease was seasonal, and was caused by quarterly and semi-annual payments on and around July 1, but the rise was "“""uw""“ The increase. in dobits dur- m A e increase ing - ':lal five weeks was generally distributed throughout the -district, 19, ©of the 24 cities reporting higher figures. Heavy Bill Oversubscription. Acting Secretary Mills announces that subseriptions of $200,798,000 have been received for tenders of $60,000,000 of m-fl Treasury bills which were of- August 3. These bills are Am 10 lnd mature November id made was 99.878, wulment to an !ntsrvn Tate of about 48 per cent on an annual basis. The lowest bid accepted was 99.846, equiva- lent to an interest rate of about 0.61 per cent on an annual basis. The total emount of bids accepted was $60,005,000. ‘The ‘average price of Treasury bills to be issued is 99.858, The average rate on & bank ‘discount basis is about 0.56 per cent, National Dairy Reports Net. National Dairy Products Corporation and subsidiaries report for six months ended June 30, 1931, consolidated surplus of ul!,bfl4 . after depreciation, inter- est, Federal taxes, subsidiary dividends #od preferred dividends of National Datry ts Corporation, equivalent to $1.68 a share on 6,263,141 no-par shares of common stock outsianding at end of the pericd. This compargs with consolidated surplus for the six months ended June 30, 1930, of $12947.211, equal to $2.16 a share on 5,971,636 com- mon shates cuistanding at end of that | riod. ‘Temperatures during July in the ter- ritory served by American Ice Co. were the highest for that month for the past 20 years and as a result American Ice ©Co. sold 15,000 tons ‘more ice than in July, 1930. This was an increase of 2% ‘pfl‘r cent in ice sales for the month. In jire with\the easier tone in com- modity prices, however, the price of ice ‘was easier, and, despite the larger volume, earnings of the company the month will not be up to those of July, 1030, says a New York report. Gleaned in Financial District. Rolfe E. Bolling, manager of the Fi teenth and H street branch of the Fe eral-American National Bank & Trust Co., returned this week from his vaca- tion spent in Southern Virginia. He brings back the report that the finest crops in the history of the State are being raised, but the demand for ail this fine farm produce is lacking ‘William Knowles Cooper, partner in Crane, Perris & Co., his vacation on a motor he will attend A Convention atley, vice president of the | b MiiSional Haxk has from an extended motor trip thr the Middie W Thomas M. Groom. cashiier of the Bank of Savings, has returned week vaeation in Mobiie whefe in the South. E President John M. Riordon for Nantucket In a few days Maurige Otterback, presicent of th Anacostia Bevk here tomorrow for & vacatio ntic City A circular cor analysis the Manufactur Co buted by Robert C While Na n:unal trip. the president Commer from Als e The District of Columbia Life Under- writers' Assoviation is planning for a spegial outing at the Congressional | Cegintry Club on August 20 ‘Washington bank clearings for today $3,828,558.26 U. 8. TREASURY BALANCE. tes Treasury balance of close of bitsiness 06.160.81 el to date were $5.271,196.04. dinary expendi- tures, $13522 6! 1 . STOCKS. when | is passing part of | Customs | THE EVENIN NLW YORK STOCK EXCHANGE Received by Private Wire Direct o The Star Office. Note—All stocks are sold in one hundred-share lots excepting those designated by the le“cr s (80s) (250s). ~Prey, 1931 Stock and Sale: l-mn Low. Dividend Rate. 3% Abitibl Pow & Paper 1 mu 100 Abraham Stof (1).. 108 11% Adams Exvress (1)., 11 lzu 224 Adams Millis 3, .. 109% 70% Afr Reduction (+434) 10% 8% Alr Way Elee Appl. . 20% 7 _ Alaska Juneau (40c) 12% 4% Alleg Corp. . B9% 204 Alleg Cp pf $30 ww, 1824 102% Allied Ch & Dye (n6) 126 121% Allied Ch & D pf (7). 18% Allis Chalmbers (2) 154 Amerada Corp (2)... 11% Am Agri Ch of Del. 34 Am Bank Note (#3). 54 Am Bani Note pf (3) 208 1% Am Beet Sugar. 7 Am Beet Sugar p 25% Am Br Shoe (2.40).. #8% Am Can (15) 14 Am Car & Fdry (1 50 Am Car & Fay pf (1: 210. 15 Am Chain. 3 67 Am Chain pf (1) 384 Am Chicle (1), §% Am Comel Aleohol. . 18 Ara European Secur. 21% Am & For Power. ... 122 74 Am & For Pw pf (8). 461 Am & For Fow 2d nt. 1 1% Am Hide & Leathe 45% Am Home Pr (4.20) 18% Am Ice (3) 61 AmlIcepf (6). 9% Am International 8% Am Metal Co 5 Am Nat Gas pf. 30% Am Pow & Lt (31).. 721 Am P & L pf A st (5) 11's Am Ra&Std San 60c. 15% Am Roliing Mill 24% Am Smelt Ref (2) 831 Am Sm & R 2d pf (6) 514 Am Bnuff (13%). ... 102% Am Souff pf (6) 1 Am Solv & Chem.... 2% Am Solv & Chem pf. 11% Am Stl Foundries(1) 87 Am Stores (12%)... 96 Am Sugar Ref pf (7) 15614 Am Tel & Tel (9). 9814 Am Tobacco (18 1% Am Writ Paper ctfs. 18% Anaconds Cop (1% ). Mi 1% Armo 1 - Armoul 3% Arnold Constabl E% Associated Apparel 182% Atch To & SFe (10). 100% Atch To&S Fe pf (5). 11% Atlantie Refining (1) I 99% S4% Atlas Powder pf (6). hfl- 295% 101ls Auburn Aute (f4) 63 1 8 Autosales. 6 Aviation Co 87i4 45 Balto & Ohlg (8).... 8015 $5% Balto& Ohio pf' (4). 2% Barker Bros. 1% Barnet Leather. 5% Barnsdall Corp'n. 80 Bayuk Cig 1st pf (1) 101 531 Beatrice Cream (4). 2% 3 2 25% 14% Bendix Aviation (1). 23 46% 31% Best& Co (2). s 70% 34% Bethlehem Steel 128% 96% Bethlehem Stpf (7). 1 40% 20% Bohn Alum & Br1%. 16 76% 47 BordenCo (k3)..... 24 30% 14% Borg. Warner (1). 5 3% 1% Botany Con M (A) zé #% briggs Mfg (11%)... 11 69% 53% Bilyn-Man Tr (4) 3 15% 7% Bklyn & Queen: 129% 99 Bkiyn Union Gas (5) 3 BrunsTer & Ry S... 3% 13% Bucyrus 13 Tix Budd Wheel (1) 23 8 Bullard Co. 15% 8 Bulova Watch (1%). 324 9% Burroughs A M t13. 31 17 Bush Terminal (zv.) 69% _ 23% Bvers (A M) el Cluthlnzmc & Ld. 284 Calumet & Arizona.. 5 Calumet & Hecla. 10% Camp W&C Fy(1) 29%. Canada Dry G A (3). 5114 Case (J 1) (6). 214 Caterpillar Trac (3). 14 Celotex Co pf 50, u 24 e 7 Cheeker Cab Mfg. 27 Ches & Ohio (2%)... 274 Chesapeake Corp (3) 4 ChiGreat Western. . 15% Chi Great West pt 334 Chi Mil St P & Psc. .; 4% ChiMiIStP&Ppf., 25 Chi & Northwest (4) 6% Chi Pneu Tocl. 15% Chi Pneu Tool pf.... 22% Chi R1& Pac(m2¥) 343 Childs Compeny. . 1215 Chr 80 City lee&Fuel (3 714 City leo & F pf (6%) 188° Coea-Cola (17%). .. 101% Colg-Palm P pt (6).. 20% Col Gas & o8 6 Col Graph: 55 Columb Carbon (5). 30% Comel Credit A (3). 1y Comel Cred 1st (B'/g) 20a 20 Jomm Iny Trust «2). 6 10% Comm Solvents (1).. 29 6% Comwlth&Sou (40c). 60 90 Cmwith & Sou pf (6) 5 6% Congolm-Na 3% Consolidated Film 824 Coneol Gas N Y “). 101}s Con Gas of N pf(5), % Consol Texti 3 Container Corp (A). { 1 Container B. 9% Contl Baking A. 1%4 Cont] Baking B. 40% Contl Can (2%). Contl Insur (2.40) 2% Contl Moto Sontl Oil of Del. Cetro de Pasc ‘rucible Steel of (1) Cane Prod. . n-Amer Sugar. . ar pf. Packing (4) “ ®08 308 Surtis Publish pf (7) “urtiss Wright Corp 13 < lamond Mtch bf 1% + Domn Stores (1.20). s Drug Corp (4) 71 Dupont de Nem (4) 118% P P de N deb pf (8) s 9 34 106 ElAuto-Lite nf41). 2 riee Boat Eiec&Musicai Instru lec Pwr & Lt od). .. iec Pow & L bt (T) 1 124 | 188 21% TaN us 92 ;< i a8 6 . 4 4 39% " 2 ! w3 ‘ . 134 Fashion Park Asso. . Fed Wat Sve A Fid Ph Five i (2.60) Firestone T & R (1). First Nat Strs (234). Fisk Rubber, . Fisk Rubber 15t pf.. 1008 Folianshes Bros. ... Fosier Wheeler (2). Fonndation Co Fox Flim (A) Preenort-Texas 13) 1 6 » 2 S T 3 THIPRYE ) 4 4 102'5 103% 1464 105% 14% 88 183% 214 1234 185% 13% 274 % Prev. Add 00, High. ‘Low, cnw mon m‘h, msw 187% 274 75 4 4% 5% 6% 204 201y 108% 107 123% 128% 23% 2‘1». 764 4% 4% 147 105% 144 88 130 114 | 4% 10 8% 21% 22 20 2014 21% 2% 10% B Prev. 1921, High. Law BO% Stock and Dividend Rate. A am Hllh XA‘N 4% GenGAEIA (ad0c). 19 4y 4% 4 GenGas & Elec B 30 § Gen G & Bl cv pf (8). 4 Gen Ital Ed EI m2.61, 284 Gen Miils (3) 36 Gen Motors (3).... 36t n Motors pf (5). .. 108 Gen Outdoor Adv(A) 1 Gen Public Service, Gen Ry Signal (5).". Gen Ry Signal pf ( Gen Realty & Util. .. n Refractories (3) Gimbel Bros uf (1) Glidden C» Gobel (Adolf) Gold Dust (23%). Goodrich (B F) Goodyear Tire&R(3) Gotham Siik Hoslery Graham-Paize. Granby Con Min (1). Grand Si] 8trs (h1).. Grant (W T) (1).... Great Northn pf(4). Grt Nor Ore (2)..... Gricshy Grunow. .. Hacken Watpf A 1% 30s Hann Dept Stores. .. Harb Walk Ref (2) Helme (G W) (17).. Helme (GW) pf (7). Hollander Sons Houdailie Hershey Houston Oil... Houston Ol (new) Howe Sound (2). Hudson Motor (1). 5% Hupn Motors. . 40%» Illinols Central (4). . Insuranshares Del A Insur Shrs Md(40c) . Int Bus Mach (n6)... Int Capriers, Ltd 50c. int Cement (4). int Combustion int Harvester (2%). Int Hydro EI A (e2). int Match pf (4). [nt Merchant Marine, 4 Int . .ickel, Can(40c), Int Paper & Pow C, . Int Paper & Pwr pf, Int Printing Ink. Investors Equity 40% Johns-Manville (3). 12 K'mann Dept Strs (1) 10% Kayser () & Co (1), 1% Keily-Spring Tire... 3 9% Kelly-Spr T 8% pf.. 1008 £ Kelsey-Hayes Wheel 814 Kelvinator Corp.... 20 Kendall Copt (6)... 14% Kennecott Copper(1) 30% Kimberly Clark 2%, 25 IKKresge (88) Co 1.60. Kreuger&Toll (1.61) Kroger Groc&Bak:1) Lambert Co (8 Lee Rubber & Tir Lehman Corp (3) Lehn & Fink (3). Lib Ow Ford Glass. . Lite & Myers B (15) 1 Lig & Myer pf (7)... 58 4 27 1 1 2 4 2 1 1 5 MacA & Forb pt (6). Melntyre Porc M (1) McKeesport TP t5% 95 McKesson & Rob ‘1) McKes&Rob pf(3%) Mack Trucks (3). Macy(RH) & Co; Magma Copper (1).. saracaibo Oll Exp. Marine Mid (1.20) on Motor Car. . 1 Field (2%) on Alkali (2) Maytag Co pf (3).... Meiville Shoe (2) Mengel Co Met G P Mexican Seaboard. Mid Continent Petm Minne & Hon Reg ( Minn & St Louis Mo Kan & Tex: Missouri Pacific. Missouri Pac pf (5). Monsanto Ch W(1%) Montgomery Ward. . Mother Lod: Motor Produ Mulline Mfg. Myer (F E) & Nash Motors (4) Nat Acme. . Pir t Biseult (2.80). . Nat Cash Register A. Nat Dairy (2.60). Nat Enam & Stamp Nat Lead of A (7) 20 a e P T L T T o IS IS Nevada Copper (1). Newport Co A (3). N Y Central () N Y Chicago&St L N Y NH & Hart (6). H&Hpf (1) N Y Ont & Western. . N Y Shipbuilding. , . NY Shipbldg of (7) Noranda Mines. . Norf & West (112).. North Am Aviation. . NorAm (b10% stk). North Amer pf (3).. North Am Ed pf (6). Northern Pacifie (5) Omnibus pf A (8). .. Orpheum Cir pf (8).. Otis Elevator (23 ) 13 Owens 111 Glass (2). T ucmr(oz.- Pacific Gas & P.c\ Lighting (3). Packard Motor (48¢) Paramount-Pub 23 . Pathe EXchange. .... Pathe Exchange A.. Penick & Ford (1) . Penney (3 C) (2.40). Penney (JC) pf A (6) Penn Rallroad (3)... 54 Peop Gas Ch (8). .. 2 Peoples D S pf (6%). 108 Pere Marq pr pf (5). Gos Fetrolm Cp of Am(1) 6 Phelps Dodze (1). .. hila Co ptnew (8). 1’hil Read C & 1. Phillips Petrolenn Pierce-Arrow pf ( Pillsbury c Am To(32). { PRAMTObB...... Prairie Pipe L (3)... Proct & Gamb (2.40) Prod & Refiners. ... Prod & Refiners pf.. Pub Sv NJ (3.40) Pub 8v N J pf (B) Pub 8v N J pf (6) Pullman Corp (4) Punta Alegre Sugar. 51y Pura Ol Tadio Corp - Radio Corp pf Al!* Radio Corp B (5). l"..d.o-K.nh»flrhh A RR Sec 1C 8tk C (4). Reading Ry (4).. al Bitk Hoslery (Robt) & Co. . mington- Rand Reo Motor Car (40¢) . Republic Steel . Republic Steel -t i Reynold 308 Rossia fnsur (2 20). 2434 Royal Dich(m2.2784 i Stiemay Bibres (¥ 86 Safe ) 98 Safewa s:r- BLTY. 144 St Joseph Lead (1) 9 St Louis & San Fri 15 St L-San Fran of 16 81 L Southwest pt. 12 o Bavage Arms (1) Sehuiie Retall Stra “ Beott Paper (31.40) % Seaboard Atr Line. NG _STAR, WASHINGTOh D. C, l Prev. Close. Close. o AN 47 i 121 15% 87y 38m 18% 3 | 28 | 5% | 40% | % I 6% | 136 814 30% | i 3 391 3 5% 38 | 36% | 9T | 11ty 101 | o 591 w;‘ 40 10% !Traces of Rally Disappear | direction, although ‘a number of rail- | road | most | cline in June, the last month for which | more favorable, unless traffic stagnates | dividend |is expected in either of these cases, | | Bansicilia Corp . 55 | WEAKNESS IN RALLS DEPRESSES STOCKS on Heavy Offerings of Carrier Stocks. Special Dispateh to The Star. NEW YORK, August 7.—Selling of | the rallroad shares and an irregular | recovery in the industrials went to | make up today’s stock market. The | movement was not carried far in either | shares made new lows. Volume | was restricted all day and the rally, | pronounced at the close, was probably no more than short covering One really encouraging development was the advance in the grains. Wheat bhad a substantial advance. and that| helped sentiment in the stock market Opening _quotations were slightly | higher and for a bsef time it looked as though the long - expected rally was about to begin. Then the railroad shares weakened and the rest of the market relapsed. It did not take par-| ticularly heavy offerings to force the carrier shares down to their old lows It was not so much the pressure agains these stocks as it was the absence of support. Railroad traffic_continues at an ab- normalily low level, but the rate of de- | statistics are available fell off com- pared with that of earlier in the year. As time goes on the comparison, with similar periods of 1930 is bound te be completely. What_the market is wdr Ing about just now, however, is-the| situation. Action is {0’ b taken by the Canadian Pacific and | Union Pacific next week and no change | but there are plenty of other roads which are almost sure to reduce their disbursement to shareholders. New lows for the bear market. were reached by Canadian Pacific, c L?li' HNew Yok ((!m'.r-l New !hvexll. reat Northern preferred and Pennsyl- vahia. The last-named sold at the low- est since 1923. Action -on the mext Pennsylvania dividend is not due for three months, but at the last meeting the - president - stated that earnings would have Justified a larger reduction than was made at that time had the | directors not believed that President Hoover's international debt moratorium plan would bring industrial improve- | ment. Considering the heaviness in the rails, the industrials did not act kad * | Brokerage houses nowadays continually | 32,993.820 harp on the fact that declines in th ralls have foreshadowed the major downturn in the general market for months back and, therefore, any yleld- | ing of the carricr stocks is regarded | ominously by the few active traders ! still left. As a matter of fact, there is no reason why weakness in the rails should bring liquidation into the indus- trials. The railroad problem is a thing | by itself. NEW YORK, August 7 (#) —Stocks steady; pivotal utilities slightly higher, Bonds irregular; utilities firm. Curb ; Cities Service heavy. Sugar quiet and featureless, | Coffee lower; increased offerings. CHICAGO, August 7 (F).—Wheat | firm; higher cash markets, large export sales to China, Corn firm: damage re- | ports Nebraska. Catile steady to lower. | Hogs lo‘er } METAL MARKET. NEW YORK, August 7 ) —Copper | electrolytic, spot and future, T12-7%. Tin firm; spot and nearby, | 25.00; future, 25.13. Iron quiet, un. changed. Lead steady: spot. New York, 4.40: East St. Louis, 4.22. Zinc steady: East St. Louis, spot and future, 3.85a3.87. _Antimony, 6.65. Quicksil- ver, 83.00a86.00. INVESTMENT TRUSTS NEW YORK. August 7 (#). % | the-counter market: lABC Tr Shrs A B & S Al Am Tovest gy Basic Industry British Tye Inv Century Tr Shrs Chain & Gen Eq ey LS E T B N Chain_Store Inv pf Chartered Invest elsen Exch B Gumuiative Tr. h Gorporate Trust Diversified Tr D Equity Invest Equity Invest ‘pi Eapity Trust Shrs Fit Am | frcorp Incorp lavest Eaqui Independ Tr Shit nt See Corp Am Int Sec Corp Am B |dnt Sec Am g nt Sec Invest s luywnnxe\ Tivest “Troe Jackso: Lenders Leaders | Lenders i} | 15% | Mohawk Invest Mutusl 1av e Mutual Mana v suoneanSuala.nsd r | SREng Am o hrs st St 3 Bind"} Tov D Tiustes 8 O - Trusiee 8t Oif Sk B T N Y C_Bank Trusiesd Am Bk Sh led_ Fixed Shrs . Com o i 8! | Joseph FRIDAY, AUGUST 7, 1931 STOCK AND BOND AVERAGES B) the Assoclated Press. FRIDAY, AUGUST 7. STOCKS. Inw, 1'12!! Today. . > Previous da) Week ago. . Month ago. s Sovass * New 1931 Jow. (Copsright. 1931, Standard Stati COTTON CONSUMPTION & IN FIFTH DISTRICT Federal Reserve Bank Reviews| Conditions in Several Near- by States. According to the Federal Reserve Bank of Richmond, cotton consumption in fifth district miils in June, 1831, totaled 204,760 bales, a slightly lower figure than 208.822 bales used in May this year, but 21.3 per cent more than | 168,806 bales consumed in June, 1930. Last month North Carolina mills used 107,465 bales, South Carolina mills used 87904 bales and Virginia mills used 9:400 bales, all higher figures than those reported for June, 1930. June, 1931, consumption fn Virginia and the Caro- linas was 45 per cent of national con- sumption, & higher figure than either 44.8 per cent of ‘national consumption %8%‘“" 1931, or 41.7 per cent in June, Onh June 22 the Department of Com- merce issued a report on spindles in | place, spindles active in May, total spindle hours for May and average )-ours of operation per spindle in place in May. On May 31, 1931, thefe were | spindles in place in the United States, ‘Massachusetts leading | with 7,003.878, or 21.23 per cent of the total; North Carolina ranking second with’ 6,212,832 spindles. or 18.83 per | cent, and South Carolina third wl'.h\ 5,686,380 spindles. or 17.23 per cent. In actual spindle hours, howevi South_Carolina led all States for Ms, REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD Applications _invited o) partments and dwellin 1y on well Money Available For Mortgage Loans —to be secured on "improved properties in the District of Co- lumbia or nearby Maryland and Virginia, 13 interest rates and e commis- sions. Prompt replies! ROBERT W. SAVAGE 717 Union Trust Blds. Natienal 6799 LOANS 2nd_or 3rd Trust Due? MAN EN'I'ERPRISI". SERIAL BUILDING ASSOCIATION 7th and Ine Ave. NW, LOANS ON IMPROVED DISTRICT OF COLUMBIA REAL ESTATE SECURITY 66th Series of Stock Now Open For Subscription James E. Connelly James F. Shea. President Secreiary Money to Loan | Secured by first deed of trust on real estate. | Prevailing interest and commission. Wel.'er E have adequate funds for loans on improved Real te in nearby Montgomery 1 nd the District oluni for periods of 3, or 10 years. Prompt deci- sions given applications. 5 % INTEREST BOSS and PHELPS Realtors FOUNDED 1907 1417 K St. N.W. Logn, Corres it 0 John Hancock Mutuel Life insurance Co. THIS INSTITUTION HAS HELPED WASH- INGTONIANS RE- FINANCE AND PUR- CHASE D. C. PROP- ERTY FOR MORE THAN FORTY YEARS WITH OUR SPECIAL LOAN PLAN. Iavestirate Open Daily 9 to § Saturdays Until Noen NAtional 'ION VAN l”‘ tes Co.) | with 1,675,824,720, or 24.87 e nnumu total of 6,738,7: Nort] a ranked second wi \1409’749 502 hours, or 20.92 per cent, ‘!hfle Massachusetts had only 981,836,- | 57 per cent. ce hours which each spindle Carolina Ststes with 295, but North Carol average of 227 was exceeded by the h Carolin: hours, or 14. during ‘May South average for Tennessee, Georgia mills in the order named. Vir- ginia_ mills reported 214 hours per | | spindle for May, ranking next to North Carolina. POTATO MARKET. CHICAGO, States Dej Potatoes—] 106; total United States uu&dy. trading luht we! ew hig] B oons. 10; ~ Russets, Shore, Virginia, August 7 barrel, 2.80, according to quality and eonm tion. Subscription for Those borrow chase a home, present indebt who see us. receive prompt rtment of Agricultu ipts, 23 cars; onu'nck" her; Idah o'!‘numplu !'ul- 2.00a2.05; money improve property, should Applications will teous attention.’ sePrativels aBpraleed mn-mnm 5o fl ‘wm'"' gt rmn Hera N A Viold of 8% ofters toportunits o accumulate & Steady income. Denominations as low as $100 Send" 751 Bookist, “Fhe Sudceas Flaw i r cent of Alabama and () (United re) — | ted, s, ; Eqmtable Co-Operative Bldg. Ass'n Organized 1879 JOHN JOY EDSON, President WALTER S. 5ist YE COMPLETED TT, Jr., Secretary the 101st Issue of Stock Being Received See Us If You Wish a Loan desire to to pur- refinance edness or on Real Estate or to Take Uz a First Mortgage and cour- Loans Repayable Monthly No Brokerage . . . No Commissions FIRST Over a Third of a Century Without a Loss B. National 2100 THERE To the Holders of Bank and Trust tended until the $15,000,000. reached. Excess depo: ment or return. F; 915 F ST. N.W. MORTGAGES A CONTINUOUSLY SAFE INVESTMENT One of the strongest arguments that favor first mortgages as an in- vestment is the continued safety and changeless return which are assured. You have both in our 69, FIRST MORTGAGES The security is fixed in conserva- tively appraised improved Wash- ington real estate. The 6% re- mains the same throughout the term of years the mortgage rums, May be purchased in amounts from $250 up. SAUL CO. 925 15th St. NW. IS NO SUBSTITUTE @ FOR SAFETY 5% Gald Debesters, due 1989, of Eastern Ultilities Investing Corporation Notice is hereby given that the requisite amount of Eastern Utilities Investing Corporation 5% Debentures due 1954 having been deposited with The Public National Company of New York under the offer of this Company to exchange said Debentures, the offer has been declared operative. For the benefit of such remaining holders of Eastern Utilities Investing Corporation 5% Debentures due 1954 as desire to make this exchange the offer has been ex- close of business, August 31, 1931. No further extension can be made. In view of the large volume of deposits an arranggment has been made to increase the maximum to be accepted to Over $12,000,000 of the Debentures having already been deposited, at the rate deposits are now being received it is likely that the maximum limit will soon be sits can only be accepted subject to allot- Intending depositors should therefore de- posit promptly to be certain that their Debéntures will be accepted in full. Deposits may be made through your security dealer, bank or sent direct by reglmrremd,g mail to The Public Na- tional Bank and York City. Trust Company, 76 William Street, New + Assoctatep_Gas Axp Erecrric Securities Company