Evening Star Newspaper, August 23, 1931, Page 57

FINANCIAL. CURB SHARES OFF - INSMALL MARKET Leaders Show Fractional Declines—Uneven Trend Persists Through Day. { BY JOHN L. COOLEY. i Associated Press Pinancial Writer. NEW YORK, August 22.—Activity in sto75s was imiteu today, Prices were inclined to sag. Fluctuations were unusually narrow. e rallying tendency appeaicd in to Just Tew midutes of itacing among 8 | ‘This move- | few cf the leading issues. ment, however, did not go far enough ' to encourage any enthusiasm. Citles Service, for instance, was frac- | tionally lower than yesterday's closing | much of the time, but during the lasu 20 minutesit rallied and closed un-| . Electric Bond & Share also closed higher than the day’s low. United Gas eased off fractionally. American Equities lo:t fractions but Atlas Uillities | moved upward. St-ndard Oil of Indiana but trading in | oils as a wacl> was quiet. The unsven trend was typical of the market as a whcle, vhich w-s s0 dull that sales cf many of the less pupullr‘ h-;uu were confined to a few t.ansac- ns. Aluminum Co. of America dropped 2 points on a few sales, then recovered | gnon® gy PICtain o partially. i iy 5 | Manufacturers' Crown Cork & Seal. BALTIMORE, August 22 (Special) — Crown Corg «: Seal Co. stld m crowns in July than in any previous month in its entire history. Sales of crowns in the first months of this year exceeded those oi the corresponding period of 1930. The large volume of sales in Juiy is attrib- uted partly to the high temperatures ~which prevailed for almost the entire month. This stimulated the consump- tion of soft drinks and bottled bever- | es of all kinds on which the Crown | porter. & Seal products are used. Sales | crowns for household use is also :bowlnu a gain this Summer. | During the first six months of the year Crown Cork & Seal had an cper- ating profit of $645,505, cgainst $777,- 302 in_the wn’!:pondlng period a year ago. slight e s attributed machinery and which are sceondary the crown end of the business. Showing made by Crown Cork & Seal despite the general business depression = renmd as extraordinarily good by hn.kerl and men. i Steel and Motor Wages. NEW YORK, August 22 (Special).— Prospects of a steel wage cut next week, | ‘which was viewed in informed circles as constructive—for such acticn usually | ks the last phese of a depression— | predictions today that such m‘ adjustment would be followed by the | It | wo | hasers that is said to mmu & revicion of steel wages. August 15.. . (Pinal three ciphers omiited in above.) Car loadings, week ending August 8.. Oruce ofl production (barrels)....... sales (N. Y. Stock Exchange). . sales (N. Y. Stock Blchlnge).. ew financing money rate. . money rate. Commercial paper and | ‘wnie'lt an average of 5 cents a gallon, GAIN IN RADIO TRADE | SEEN BY FAIR MANAGER | By the Associated Press. NEW YORK, August 22. that the radio industry will pick and fulfill the prediction that the busi- ness would double its operations during the next five years was t!?tfled to- day by G. Clayton Irwin, jr. general = manager of the eighth annual Radio- Electrical World ir, to be held in New York the week of September 21 Careful merchandising, newspaper ad. vertising and judicious sales tactics are the weapons the manufacturers are go- ing to use, a symposium of views given to Mr. Irwin indicated. it was thown that in some States more | than 50 per cent of families own radio | seis, In others the percentage is still as low as 5 to 10 per cent. Trzde Trends By the Associated Press. Electrical Equipmen' —Expanding ac- (tivity in the country’s bullding ::lfl is exerting ‘a fzvereble influence on elec- trical equipment trading, Electrical | World reports. While equipment order- !ing in many districts continues on 24 hand-to-mouth "basis, the heavier vol-| |ume of construction jobs is ‘aking up | | the slack in Eastern and Pacific Coast | markets. August is developing an un- | | expected strength in Easiern equipmert | | centers, 2nd the approach of September | is being viewed more optimistically. Lumber.—Orders for lumber received |2t mills during the week ended August 15 were approximately 3 per cent in excess of moducmn, telegraphic reports rdwood and soft- |wood mills to the National Lumber Assoclation indicate. | Combined production was 201 789,000 |f2et. Shipments of the reporting miils were 11 r cent ebove production. A week earlier 848 mills roported orders 1 rer eent te'ow and sh'nments 3 per! cent gbove production of 205,568,900 feet. Petroleum —The sverage price of crude petroleum at 10 representative | producing fields was higher last week |at 72.8 cents a barrel, compared with (708 unu in the preceding week, u- cording to Ofl. Paint and Drug Re- dln'-n“ Pogiagiagod e m.u 97 s spon weel year was . | barrel. Gasoline at four principal re- fini centers also was T last compared with 4!, cents a week ago and 7.09 cents a gallon last year. Silver—Bar sflver closed the week steady, holding unchanged st 273 cents an ounce in New Yorx and 1213-16 pence in London. Steel—Dow, Jones & Co. reports that several factors are oonf to a more cheerful feeling among Youngs- town district steel mani and | encourage a bellef that ishow a moderate got mmn. plate for ti | will resume operal of 1dlene- and inquiries for increased in the last week, with book- ings slightly heavier. Current opera- tions of individual comnanies, however, show little change, and schedules em- phasize the fluctuating nature of mill activity recently Last week $1,329,000 81.4% % $601,940 2,939,419 196,179 €.333.916 8,067,387 6.377.743 1,642,858 757,283 2,555,550 1,629,011 734,780 2,498,500 GENERAL BUSINESS ACTIVITY for the country indicated by Bank Debits sutside New Shaded areas show weekd of activity above York City. previous year. Black areas indlcate Cheek Trans 7B'r>u s Few ¥o Philadeinhia % | —omA% | —17.4% B 81, Louis 0% “Minneapolis " LEADING BAROMETERS. Trend of Business in dollars (checks gashed Employment (Department of Labor Wages (Department of Labor).. Cost of living (Industrial Conference Board Wholesale prices (Fisher's Index). Agricultural prices (Department of Ag: Movement of goods (car loadings) Retall trade (Federal Reserve Board Building contracts (F. W. Dodge) Failures (Dun’s)..... R Bond prices (Annalist). Stock prices (Annalist). Stock market volume (shares traded) (All rignts reserved, Cam STOCK AND BOND AVERAGES By the Associated Press. SATURDAY, STOCKS. 50 Industrials, 1064 i i SESERER FEFE eclines from same weeks 12 ACTIVITY BY FEDERAL RESERVE DISTRICTS. tions compared with the same week a corresponding weeks of the nths earfier. Cieveland Richmond _—=10.9% | —3% Kansas City 0 A% 0% Important factors. Tesent trend. Downward Downward Dewnward Downward Steady Downward Downward Downwsrd Downward riflnun Upward bridge Asscciates. Boston ) AUGUST 22. 39% Gen Gas&il v pf B (8). Ala Pwr cum pf (T} Alumium Coof Am. Alum Co Am of th, 3 Amer Austin Car. .. Am Ci-ar..... Am City PELt &) (334, Am Cit Po&Lt B(b19% ). Am Cmwith P AhI0%) § 1270 Aml‘omY‘rB (b10%). .. 19 Am Corporation (f@c). Am Corp wabrants Am Cyanamid, (B). Am Equities Am ForPwr war Am Founders. Am Found Am Gas & ). Am Gan & I pf 16) Am Investment Inc,(B) . Am Inv Anc, war . . umary Magh 1 ) . t & ‘I'r Am Mg Cod) . Am Marges Am Nat Atn svert (1) Am Stat ¥ b Svc(al 60 Am Superpdwer (pt Am Euperpweslst pi, Am Superno pf (6) 5 Am Transfortner. Am UtlI&Gen (3)v Am UgGen cu pf (14 Am Yy zlo- palac ra ArENrem R ey, t Metal Works (60¢). . Ind Ltd (®c . Asizo Gas & El (A) (1) .+ Assa G 4E nf (58, . Assoc G & El war. Aveaas & Kiee etfr(dh | g2 - 695 Asso Gas& Ml allct 1 h 17% ‘A380 G & E deb rt: Asso G /E] pur rt Amo Ter Uts) (b3%) . Atias Plywood 2) Atias Ugilities Co Atlas USlitier(war) a.. Auto V M cv # pt(50c). Banta Codp. Bahia Corp pf. Beneficial 1L (1%) . Bizk'ord In~ ot (2%) ow-Sanford Carpet. Blne Ridse orp: A Blue Ridgs Cp cv pr(3). Borne-Scrymer Cq Boston & Albany ¢ { Brasiian Trac TAGP(1). Bridgeport Mach (25¢) .. British-Am O11 C (80¢c). 0 Brit-A T coup B 97 T10c. Buckeye Pipe Line (4). Buffalo, N&EP pf(1.60)- Buft Niag&EP 18t pf(5). 105 Bureo. ine. s Bureo. Inc. war. i Burco. Inc ev of (1) Burma Ltd rets 127 3-5e. Butler Bros. Cable Radio Tub vie. Cabl & W Ltd Arets... Cabi & W Ltd B reu 4 Cable&Wire pf rcts 19¢. i Marenni . Ca Carib Syndicate. Curman & Co A (). Caro PwrkLt pt {6) Carrier Corporation Celanese 1st pf (7). Cent Hud Gas&E! (80c). Cent Pub Sve. Del. .. Cent Pub. Sw:fANhS"'e ), Cent Pub Sve pf (4). Cent & Sown Util (b’ Cent States E1 (b10% Cen States El pf xw($).. Cent Sts Elcv pfn Cent West PS Aal Chain Stor D!v.lovp. It Chan Stores Stoek . P % 1 1 E EFFEE FEFEEF I LEN L - @ GE PRI 444+ ++ Clev Ele~ 1llum (1.60).. Clev¥land Tractor - Colombia Synéicat: Colon Ofl..... Colnmbia Of) & Gas vie. Co Picture vtc (15¢) Comwith Edison (3). ... Comwith & Sou swar ., Com Wat Ser (g12%¢).. Cofnstock Tunnel. .. Consol Auto Mer cifs... Connolidated Copper ... Consol Gas Balto(3.60) .. Consol Gas Ut B vie. Consol Min&Sm (£235) .. Contl Gas & El pr pfi1). Cooper Be: Copeland Pr Inc (n) Cord Corp Corp Secur of Chi ( % Corroon & Revnold: Crn & Rnlas pfA(6) Cosden 041 Creole Petrolsum . Cresson Consol (4¢) Crocker Wheeler Crown Cork Intl (A). Cumberiand P L 12) Curtiss Mfg Co (A). Curtiss Wright war. . Cust Mex Minine Darby Petroleum. Davenport Hos (2) Dagton Afrplane & Deere & Co 1o Forest Radio. .. Delsel W Gilbert (1% Derby O1l & Refin Detroit Alrcratt Corp. Dow Chemical «2) Draper Corp (4) .. 8 Ry Mz -lun 2) Driver Harris mew). Dubiller C & Radio Duke Pow (5). .. Dugquesne Gas Corp. Durant Motors. Durham Duplex pr pf. | Fas G & Fuel Asso East States Pwr (B) Eas ern Utl] Asso ev. Eastern Uti Inv 1A Educational Pictures o Slecirie Corp. .. Elec Bond & £h (b6% ) . Ei Bone & S$n pt «6) Elec Bond&Sh cu pf 5) Elec Pow Asso (1).... Elec Pow Asso e Products of Col. ¥lec Shareholdg (b6 Empire GaskF em nf(8) Fureka PioeLinec4) Europe Elec. Ltd A(60c) Euro Fageol Motor Fairchild Avia: Falcon Lead Fandango Corp. Fansteel Prod . Federated ¢ Federated Metals k3 Foremost Fabrics. Foundation F« r Shs Fox Theaters(’ Galena Of] Cory . Garlock Packing (1.20) . General Aviation. . gen El Ltd rets 36 3-5c. . jon Gen Fireproot (3)- & PEFFEEFFE 2V Gen Leather C: - Glen Alden Coal u). . Globe Underwr (15c). .. “ Gold Seal Kiec new . s Golden e er. THE SUNDAY STAR. WASHINGTON. High. * 260 122% 37 28% 1y 81k ~l44 o~ 25 36 1% 107% 2 12% 1% 2% bl 102 % B 101 W% 91 ne % 104 107% 107 20% 28% B €. Stese ana_arvidena 167% Gt At& Pac Tnv (16%). 117 Gri A&V Tea nt 47 Groe Sths Prod v.t. Guenther Law (1) Gulf OMof Pa «1% " Heckmester Lind. % Hamilton Gas rets Happiness Candy . Hazeltine Corp (1. Hecla Mining % Helena Rubinste! Hollinger Gold (65¢;. Aigh. Humble OR (12%) p Hyd¥o Blec Secur (1.403 . \ Hysrade Food Prod. Il Pwr & Lt pf (€). imp Of) of Can (50¢).... Imn Ol of Can reg (FVe) Indiana Pip ind Terr (1lu Ofl tA). o Insull Inv (b6%) . in@Co of No Am ( Insurande Secur (40¢) Intercont Pete new. Int Superp (+1.10). . ont Utilities A (3%) 5% Interftl I"tities « 11 Internatt Uttty 'Int Utilities pr pf(TF. 4 IntersmateFquitics Interstate Eau cv pf (3). Int¥rstate Hose Mills. Irv!n:AbChu Superpo: §ill aernaer wir Jaeger Machine. ..... &iein (D E) Co (3). Klein (H) pt pf. Kolster-Br(Am sha. Lackawanna Nee (4). 24% Lake Shore Mings(2). 19%eLefconrtRIty pfe3).... s Leonard Ol », 20" Lerner Staves pf ( '-,) 0 Libly MeNetl! 2% Li8n Oil & Refini 14% 29% Long Island L{, % 106% Long Isl Ltpfi7)....5. 110% 100% Lo Isl cu pf B (6. % Loulsiana Lan & Ex 44 MaeMarr Storen41) -aup.lynmen 8 Margar 3% Mass Util Asso... . 1% Mavi®Bottling (A)..... 814 Mag Radio Telev (1).. Med Johnon (143) 8% Memph N G Co ( & Menahi iron .. 1 Metal & Mining, Tnc 1% Met Chain Stores.... 96, Met Fdison of (5}.. 102 2% Middle Sts Pet \lc X 22¢ 7 Mid W Sts Ut (b10%). 14% Mid West Gtil (b8 ), W% MidWest Gt cv pl(6). 1% <Mining Corp of Can 82 Minne-Hgney pf, () 8% Mo-Kan Pipe Line (A).. 1 Mo-Kan & Pipe Line (B) 4 Miss River Fuel bdrts. . 108% Mok Hud P 1st pf(1).... Moh Hud P 2d pf«1) 16 Mohawk Mining (1) 24% Mon WP PSpf(1% Mont Lt H& T (1% Moody's | 8 pt st (). Moss Gold Mine: Mountain & Gulf. Mountain Reoducts (1). Municipal Servi 4 ™ 2% 20% 8% NatPScvof ww 3% . Nat Pub $ve of (7). England T& T (8). w Haven Clock(1). .. ew Jersey Zine/13). ewmont Mining. . Y & Hond Ros (1) Y Shipbldg Corp N ¥ Steam new (2.60) N Y Telpf (6%).. N Y Transit (470¢c). -H. Power (40¢) ec Corp (40¢) . .\oraon Corp Ltd. Nor Am Aviation A war. Nor Am Lt& Pwr(b8%). Eurogean Ofl Corp. or Pipe Line (14). North Btar Pwr A8, .. Northw Yeast Co 12)... Novadel Agene (4). Ohio Brass (B) (2). Ohlo Copper Ohio Ofl n (cu)pf (8 Ohlo Power pf.( Otlstocks Ltd (A Outboard Mot (A) Outboard Mot B. . Pac O & E 1ot pf as%).. Pre Western Pan Am Alrw y " % Pandem Ofl. . Pantepee O1l . Paramount Cab Mfx. ... Parke Aus&Lipps pf(2). Parke Davis (11.55) Parker Rust Pr (3)..... Patterson Sargent (2). . Pender (D) Gr A, (3%). Peninsular Tel(1.40). Pennroad Corp (40c). ... Penn Mexico Fuel (75¢). Penna Pwr & Lt pf(7) Penna Warer & Pwr ¢3). Peoples Lt & Pwr (A) Pepperell Mfg Co($). Perfect Cirele (2) Perryman Electric FPetrol Corp war 1% 20% 5% Phoenix Secur Corp. Pilot Radio Tube (A, Pines Winter Front 11). Pitney Bowes P (b4 %) . Pittsbgh & Lake Fl')(” % Plymouth Ofl (1). ¢ Poterero Sugar. Powdrell & Alex (3% Premier Gold (12¢). Prod Roalty (b107 Propper McCallum. Prudential Inv Prudential Inv pf(6) Publie 11 Hold war. Pub Util Hold Corp xw.. Puget Snd P & Lt of (6). Pure Oll of (6)...... Raftway & Lt Secur (13) Rammbuw Lum Prod B Republic Gas Corp Reybarn Co. Reynolds Invest Roch Gas&El pf D kiand Lt & P (%0¢). Rossia Int Corp (10c) . Ritberoid Co 4 Russek’s Fifth Avi Ryan Conrolidaten . Safety Car Heat&Lt w. & St Antony Gold St Regis Paper (60¢). Salt Creek Consol . Sehulte S to 31 Strs pf. AUGUST 23. Low. Close. Zlflh 218 214 122 ns Iu lcf,i 2 8 L8 Hlll 144 - [EXE 29 PEERESEF PREEV 14 1414 vty 30 0 110% 1101 - 10644 l“h % 1% y 116% 9 10% u'« & 116% 9 104 e 2 “~ 1% 61y 12% # 1% “~ " % - 31 120 125 42% 4% 1% 1% 1% % % % 23 120 125 421 +r|~ +1+ i+l 1+4) o444+ * & #e B grexs 1931—PART _SIX. SR ) % Reports to- Association Show Ex- "~ % - FEPEF § "Sersrssr ¥ OFEES | Ame 4 | Columbla Gas & Eieetric. # South Am Gnla&Plat. South Penn Ofl (1). Bo Cal Edis pf (B) (1% Sou Cal Ed pf C(1%). Southern Corp . Strnn Noto-x s Stand Ofl of Ind( 1) StandPwr & Lt 2). Stand Screw (6) Starrett Corp . Starrett Corp of (3) :Co (1.60). Strauss Roth . Stutz Motor Car Sun 'nvesting. . Sunray Oil (b5%) siwan Finch Ofl. s Swift & Conew (2).. Swift Internat (3). Sylvanite Gold M Ltd. .. Syracuse Wash Mch(B). Taggart Corporation. Thatcher Sec Corp. Timken Det Axle pf (7). TobaccokAllies Stks .. ;&hcco Prod Bxp (10¢c). ra ontin'1 Corp war. Tri-Utflities FINANCIAL. Nev Stocr and_dividend High. Low Close. Chbe. “runz Pork Stores (1). . WY 18% ~ % Tubize Cantillon (B). 5 5% + Ta Tung Sol Lamp (1). B 2o+ % fincerieider Fin Corp .. Un O11 Association ( UnionTubacco Unit Corp war Unit Founders - ‘gg FREFEF & + PR R United Gas pf Utd Light & Pwr Utd Lizht & Pwr pf Unit Milk Prod. U S Dairy B.. 4 U S Elec Power ww U S Elec Pwr (war) U S Fotl Co B (50¢) US Inter Sec ist pf. I S Lines pf. US P ying Card (2 Unit Stores. . ... Unit Verde Exten (1) Universal Ins (1% ) Utah Met & Tunnel Utll Pwr&Lt (at1.02%). Ut P&L B(at1.02%).... Utility & ind Utlitty Equity Vacuum Oil (2) van Camp Pack : Van Camp Packing pf Venezuela Petroleum Vick Financial (30c). Vosht Mfg Co (1).. 1green Co.. . lzreen Co war Walker (H) (50c) txon (W1 Co. .. Welch Grape Juice (12). Wenden Lovper. . ..... Western Alr Express Wilson Jones (1%). Woolworth (FW) Ltd. Wright Hargra (112%¢) ¥ Ol & Gas 1% Youngstn S&T pf (5%). no n based B et Tt idend, “Ei At je in cash ot stock. b Payable in stock. T8lus 8% in stock e rlus g% I fock. £ Plus 10% in stock m Plus D Paid Jast year—no regular rate (R ] $%) 4441114 + 441 IEEEEEEE SR AN AR SRR 10+ wVex 11% +14b L l++0 1 Boger quarterly :nu- Ve I8 si Funnd a9 B’ stoci 10 stock §0RDEHS FOR LUMBER EXGEED PRODUCTION cess for Week Reached - Three Per Cent. Lumber orders received at mills dur- the week in 19 rd: mills, production ) per cent less, lhlv- ments 10 per cent less and orders 5 per cent below the volume for .the week a year ago. Lumber orders reported for the week ended August 15, 1931, by 572 soft- wood mills totaled 186,350,000 feet, or 1Nren|hmtbemcflofldflu same mills. ' Shipments as reported for the same week were mosnoo feet, or 7 per cent sbove mmo-. Produc- tion was 187,346,000 feet. Reports from 285 hlmoodmmlme new ‘business as 21,040,000 feet, or per eent above procuction. alrmu rted for the same week were as repo: 23,797,000 fset, or 65 per cent above production. Production was 14,434,000 feet. Reports from 485 softwood mills give unfilied orders of 597,126,000 feet, on August 15, 1931, or the equivalent of 13 days’ luction. This is based upon of latest calender year—300-day —and may be com- pared with orders of 507 soft- ‘wood mills on August 16, 1930, of 754,- 352,000 feét, the equivalent of 15 days’ product! fon. The 424 identical softwood mills re- port unfilled orders as 579,958,000 feet, or the equivdlent of 13 days’ produc- tion, on August 15, 1931, as compared with 716,656,000 feet, or the equiva- lent of 16 ‘yl mflm 7or the same week, & year ag Last week’s produc- tian of 460 ldmthal softwood mills was 177,465,000 feet,-and a year ago it was 243,609,000 feet; shipments were, re- spectively, 189,627,000 feet and 227, 294,000, and orders received, 176,614, 000 feet and 214,406,000. In the case of hardwoods, 239 identical mills re- o, roer Nod 35087.300; 13,444,000 feet D lmmnts n,mm feet and 21,506.- and orders 18,144,000 feet and 19,- 150000 BROKERS URGE..CAUTTON Special Dispateh to The Sta z: the fact that hopes of an Autumnal business upturn have been dimmed by recent events? Thrse Mo are lppnent for uu triple of market in the final r Pridsy. They were Prospects of & steel wage cut, which may come next Puesday; the British cabinet crisis, which brought selling from London, and President Hoover's unemployment plans for next Winter, which have engendered the feeling that no decisive industrial recovery is ex- pected soon. In the decline some see merely & weakened technical condition of the market. Whatever, may have been the cause for the change in sentiment, it is quite generally agreed, in the week end business reviews and elsewhere, that in- making rapid strides up- In view of this fact, brokers are urging ceution In both near and long term credits. nmmas REPORTED. NEW YORK. August. 123 () —Per share corporations report- g Mo st digar 3 Iast year, include: Six months. June 30 198; Cork 3 2% saubssuaal ¥ : B Szvseress o B PRSI NEW YOHK BANK STOCKS NEW YORK, August 32 () — IN NEW COMMITMENTS TREASURY CERTIFICATES. (Reported by J. & W. Scligman & Co.) RatoMaturity 235 Sept. 13, ;CKIGAGO LIVE STOCK MARKET CHICAGO, August 22 (#) (United States Department of Agriculture) — Cattle—Receipts, 500 head, including 300 direct; compared week ago, strictly good and choice yearlings 325 higher; comparable grade weighty steers 25a50 higher; warmed-up and short-fed steers and yearlings 25a50 lower; in-between grade light-fed yearlings showing full decline; grassy natives, Nofthwestern -n:h’ l:;:hh'mnn steers off in sym- | naf short-feds, but stockers and | feeders. qull:ty. steady m1 Authcorized Service United American Bosch Magneto Corp. (Rokert Bosch & American Bosch) & Splitdorf Magnetos MILLER-DUDLEY CO. 1716 14th St. NNW. North 1583-4 'Your Losses! The investor who continues in a tive lambs. 7.00a7." 'l';‘ few, zl"m:% 'F“eh;s vw 8.25: choice range lambs, 7.75a natives, 55026.75: thror- n f'\lfl. 4.00°4.50; ra: throwonts. 8. 5.50 to killers 'IWE 3, o m ’mmm 500 hfld"‘ includ pounds, 6.50a7.15, nomina': | ny we llv 250-350 pounds, 5.25a | 6.65; med.l\nn to tnod 275-500 m 3 pigs, and eholee 100-130 pouna. 5.00a6. 15‘ Tew !ork Central. | self” and "TenCardinal Don’ts for lmslon‘—’zm value for $1.00. 'WORLD America's Investment and Business Weekly 53-FM Park Place New York year. to Loan ,l.nnllylml-l-llr-‘—nnlml Jonpl. I Weller '"-,-:.l;', for FIRST TRUST LOANS on approved applications on apartment houses, office build- ings, residences and business properties—located in Washington or nearby Maryland and Vlrglma. Let us have your application—and we’ll give you mHERE are ample funds immediately available a report as quickly as the prelimi- naries can be conducted. Loans will be made for 3, 5 or 10 yelr periods, and at 5 1/2% RANDALL H. HAGNER & CoMPANY MORTGAGE LOAN CORRESPONDENT ‘/&;V%.% Ssurciree gm/m, 1321 Connecticut Ave. Decatur 3600 IO MORTGAGES SAFE MONEY— PROFITABLY EMPLOYED That's the combination offered in- vestors in our 6% FIRST MORTGAGES Your money so invested is secured by improved Washington real estate, the value of which has been conserv- atively appraised; and will be con- stantly at work during the life of the mortgage—earning this fixed 6% income. Ower a Third of a Century Without a Loss May be purchased in amounts from $250 up. ~NSAUL CO. 925 15th St. NN\W. tional 2100