Evening Star Newspaper, September 1, 1931, Page 13

FINANCIALS INSURANCE FIRM OPENS D. C. OFFICES Legg, Griffin & Co. Begin Business at the Hibbs Building. BY EDWARD C. STONE. It was announced in the financial dis- trict to that Legg, Griffin & Co., Inc., have opened offices in the Hibbs Build- ing for the conduct of a general insur- of in Mr. is one of the leading in- surance men of ‘Washington. He is a fellow of 1 Surance Institute of America and is & member of the Metropolitan, Chevy Chase, Racquet and Insurance Clubs of 1d also belongs to_ the urety Clubs of New York Edear K. Legs, Jr. asualty and and Baltimore. 3 A. Griffin is vice president ary of the new corporation. is insurance career 14 years ago in the local branch office of the Fidelity & Casualty Co. of New York and for the past three years has been assistant resident manager. He is an authority on casualty insurance. George Y. Worthington, jr., real es- tate broker, is treasurer of the new agency. The new firm has been ap- pointed general agents for the Fidelity Ity Co. of New York and of the -Phenix Fire Insurance Co. Fifth District Building Permit. Chairman Hoxton of the Federal Re- serve Bank of Richmond reported yes- terday that building permits issued in July in 32 leading cities of the fifth Re- serve district numbered 2,757, compared 87 permits issued in July, 1930, stimated valuation figures for last month totaled $9.369.123, an increase of 13.4 per cent over valuation of $8.258.- 502 in July, 1930. Fourteen of the 32 reporting cities showed higher valuation figures for July. 1931, than for July, 1930, but the district increase was largely accounted for by an increase of 95 per cent in Baltimore, Cont actually awarded in July for construction work in the fifth re- serve district totaled only $17.449.102, compared with $36,357.300 reported for He began ~Prev. 1931~ July. 1930, according to figures collect: ed by the F. w Dodge Corporation. Of the Jul 5,354,157 rep- resented x‘lml t)pN of construc- tion, compared with $8.525,705 for this s of work in July last year. Con- ts for residential work made up ap- 1 per cent of all contrac's July, 1931, compared with cent in July, 1930. es, as measured by the tional Fertilizer Asso- is based on 476 price ions computed weekly. continued during the latest week. The for the week ended Au- icated a rise of one frac- 1t in the general index num- the preceding week the X number declined two onal points. Three weeks ago the advanced two fractional points. - latest index number is 67.6. The ore it was 67.5, while a month as 680. Thus it will be seen index has declined only five 1 points during the latest vear at this time the stood at 8 latest week important commoditics that declined were lard, butter, . sugar, ham. canned peas, oats, corn, cattle, light hogs, heavy melting_ steel, oak flooring, calf- skin, hides, rubber and leather. - Listed among the commodities that advanced were cotton, wool, sweet potatoes, bar- ley, heavy hogs, lambs, tin, silver, gravel, petroleum and gasoline. Bonds Leaders on Exchange, Bonds were the most active on the . Washington Stock Exchange today, | when September trading was initiate Capital Traction 5s sold at 83'4, ¥ ash ington Gas 6, series A, at 10315 Wash- ington Ra & Electric 4s at 9414, Several small sales were made at frac- tionally lo: Capital 1 Potomac Ele 1 hy of the N which 30 i that the | stock moved at 342, tric Power 6 per cent pre- ed came out at 1123}, the 5l per cent registered 1101, and 110%. and Mergenthaler Linotype sold ex-dividend Pr«vplv« Drug Stores preferred is now being quoted ex-dividend. Heard in Financial District. Charles E. Howe, treasurer of the American Security & Trust Co., is much improved, following his recent {llness. He left Emergency Hospital several is now at his old home Pa. C. H. Gockeler, vice president of the District National Bank, has returned esk after a month’s vacation, at Margate City. N. J. Mr. Gockeler is also vice president of the Washington Stock Exchange. F. P. Wililams, controller of the North Capitol S ‘Bank, is taking his va- cation, now being at Atlantic City. He was made controller of the bank sev- eral weeks ago when several changes were made in the ofeial personnel. yn Dent aff €. T. Bisselle, as- hiers @ wme Riggs National bade at their desks after 1nual ¥acations, President Rob- ert V. Fleming will be back at his desk after Labor day. Charles Jacobsen, one of the senior members of the Washington Stock Ex- change, was present at today’s session after a t month tour of Europe. He was felicitated by his many friends on. the hange. His son is cashier of the National Metropolitan Bank. F. B. Keech & Co., members of the New York Stock Exchange, have closed their office in the Mayflower Hotel and Harry M. Fridley, jr.. who has been in office, at the corner of Seventees H streets Washington for today PASSENGER AUTOMDBILE rlenrmz house figures 417 REGISTRATIONS DECLINE By the Assoclated Press. DETROIT, September 1.—R. L. Polk & Co. announced that official registra- tions of retail passenger automobile sales for the month of July showed a total of 194,388, a_ decrease of 3.7 per cent from June and 235 per cent under the sales of a year ago. Sales in June of this year totaled /201,911, the company announced, and in ‘July of last vear the total was 254,098. The total for the first seven months of this year was given as 1,371,- 518 passenger cars, as compared with 1,097,617 in 1930, a decrease of 28.1 per cent. Retail truck sales for July were 30,- 102, as compared with 28.496 for June and 30,904 for July, 1930. The first seven months of 1931 showed a total of 207.432 truck sales, compared with 268,065 for the corresponding period of 1930. The company said low-priced cars made up 748 per cent of the July regis- trations, with 22.8 per cent in the me- dium-priced class and 2.4 per cent in e high-priced cl NEW YORK STOCK EXCHANGE - THE EVENING STAR, W AQHI NGTON, Recelved by Private Wire Direct to Note—All stocks are sold in one hundred-share lete excepting those designated by lhe Mit’r s (80s) (”.l)’ Sal Add 00, High. uw Close. Close Stock and Dividend Rate, Abitibi Pwr & Paper, 3 3%y Abitibi Pwr&Pap pf. 12% Ads ms Express (1) 14% ‘Adams Millis 33 Adv Rumley 5 Alr Reduction(43). 1% Alaska Juneau (40c) Allegany Corp... Alleg Cp pf $30 ww. ‘Allled Ch&Dye (n§ Allied Ch&Dye pf(7) Allis Chalmers (2) Amerada Corp (2). Am Beet Sugar pf. ‘Am Brake Shoe(2.40. Am CanCo (15)..... Am Can Co pf (T) Am Comel Alcohol. Am European Secu: ‘Am & For Power. Am & For Pwr pf(7). Am Home Prod 4.20.. AmIceCo (3).ueasas 4 Am International ‘Am Mch & Fdy 1.40. . Am Mach & Met ctfs. Am Natural Gas pf. % Am Pwr & Lt (21)... Am Radiator (60c) Am Rolling Mills. . Am Shipbuilding (5) ‘Am Smelt Ref (2)... Am Sm&R 2d p£(6). . Am Solv & Chemical, Am Solv & Chem pf.. Am Tel & Teleg (3).. Am Tobacco (16).... Am Tobacco B (16).. Am Type Fy pf (7).. Am Water Wks (3).. ‘Am Woolen Co. ... Am Woolen Co pf. Am Writ Paper pf... Anaconda Cop (1%). Archer Danfel Mid. . ‘Armour of Del pf (1) Armour of 111 (A). Armour of 111 (B). Arnold Constable + Asso Dry G (2%) Atch To&S Fe (10) 3 Atch To&S Fe pt (5) Atlantic Refining (1) 2 Auburn Auto (f4). Autosales. ... Autosales pf. = Aviation Corp (Del). Baldwin Locomotiv Baldwin Loco pf (7). Balto & Ohio (5).. Balto & Ohio pf (4).. Bang & Aroos (312).. Barnsdall Corp'n. ... Beatrice Cream (4). Beech-Nut Pkg (3 Bendix Aviation (1). Best & €O (2)...... Bethlehem Steel (2). Bohn Alumn (13). Borg Warner (1).... Botany Con Min (A). Briges Mfg (11%).. Brockway Mot Trk. . Man Tran (4). -Man Tr pf (6) Union Gas (5) Brown Shoe (3)..... Bucyrus-Erie TR 8 - > [EYVE-10S- FOTOTOL - RS TR TN au =22 Budd Wheel (1) Bullard Co..... Bulova Watch (80¢). Bush Term deb (7).. 20 Putte & Superior. Butterick Co. B 2 Calif Packing (2). Calumet & Hecla Camp W&C Fdy (1).. Canada Dry G A (3). Canadian Pacific 1% . Cannon Mills (1.60). Case (JI) (6)u..... Caterpliliar Trac(3). Cavanaugh-Dobbs. Celanese Corp Celotex pf. Cent Aguirre (138).. Century Rib Mill Century Rib M pf Checker Cab Mrg... Ches & Ohlo (234)... Chesapeake Corp(3). Chi Great Westn pf. Chi Mil StP & Pac... Chi Mil StP & Pac pf. Chi & Northwest (4). 3 Chi Pneu Tool. Chi R1& Pac (m23%) Chi RI& Pac pf (7). Chrysler Corp (1). City Ice&Fuel (3.60) Coca-Cola (17%). ..+ Colg-Palm-P pf (6).. Collins & Aikman. ... 1 Collins & Aik pf (7). Col Gas&Elec (2)... Col Gas&EI pt A (6). Columb Graph (56¢). Col Graph cfs (56c). Columb Carbon (5).. Comcl Credit (2). Comel Cred pf (13;). 108 4 Comcl Cred pf B (2).100s Comel Inv Trust (2). i Comel Inv Tr pf 6% Comel Solvents (1) Comwlth&Sou (40¢). Comwlth&Sou pf (6) Conde Nast Pub (2).. Nairn (1).. <5 Clgar (4) Consol Cgr pr pf 6% . % Consol Film Consol Film Consol GasN Y (4).. Consol Gas NY p£(5) Consol Textile. ..., 2% Contalner Corp (A). Contl Baking (A) Contl Baking pf ( Contl Can (23) Contl Motors. Contl Oil (Del). Contl Shares. % Corn Products (14) Corn Prod pf (7). Coty Inc. Cream of Crown Cork (2.40). Crown Zellerback. .. Crucible Steel pf (7) CubB CO.coeveven Cuban Domn Sugar.. Curtis Publish (4)... Curtis Publish pf (1) 20s N anBanSevanmes s 3 S o FHB U e N RINE Ba tler Hammer. % Deere & Co pf (1.40. i Del Lack & Wn (4) % Denver & RG W pf.. % Detroit Edison (8) » Diamond Match (1).. Diamond Mtch pf 1% Doug Aircraft(t1%) Drug Corp (4). Dupont de Nem Du Pont de N p£(6) .. ham Hosiery pf. ‘Bastern Roll Mill Eastman Kodak (18) 4 Eaton Axle (1.60). Elec Auto Lite (6) Electric Boat. Elec&Musical Instru Elec Pwr & Lt (1)... Elec Pwr & Lt pf| Elec Storage Bat (5 Endicott-Johnson(3) 4 Eng Pub Sve (1.60)., Eng Pub SVe pf (5). Equit Office Bldg 2% % Kureka Vac Cleaner.. 3% Evans Auto®Prod. ... 624 Fairbanks M pf (7). .110 11% Fed Wat Sve A(1.20) 15% Fed Dept Strs (25¢)« 13 Firestone T & R (1). B6% Firestone T&R pt(6) 41 First Natl Strs (2%4) % Fisk Rubber. .. 22 Florshelm (A) (1%) 15 Food Machinery 13%. 20% Foster Wheeler (1)., 11% Fox Film (A) (2%, 22 Freeport-Tex (3). s'm Gamewell Co (3) 1% Gen Am Investor: - S = T P T T L L T L L T Toh- IR <Py S T Gen Electric (1.60).. Gen Elec spec (60c) Gen Food Corp (3) 4 Gen Gas&El A(e30c) Gen Mills (3) Gen Motors (3)....e 4 103 35% 103 3% 12% 143 32% 5 7% 1615 6 ~Prev. 1931~ High. Low. 3 3% The Star Office. Stock ana Dividend Rate, Gen Prig Ink (234).. Gen Ry Signal (5). Gen Realty & Util. Gen R & Ut pt (e6) 4 Gen Theatre Equip Glllette Saf Razor. ‘Gillette Sat R pt (5). Gimbel Bros. Gimblel Bros pf (7). (‘Hddeu(ourp:fl). Gobel (Adolf), Gold Dust (2%)..... Goodyear T & R (3).. % Gould Coupler. 80 2% Grauam-Paige. Granby Con Min (1), rand Sil Strs (h1).. Arand (Tnion. 4 Grant (W T) Great Northn pf( Great Northn Ore(2) Great Western Sug. . Great Wn Sug pt (7) Grigsby Grunow. ... 30. T 108 17 26 Hacken Wat pf A 1% 20; 12 85 9% 111 613 85 581y 398 6914 117 au 50 5812 2 11% 1017% 55% 36% 103 103% 4““““ 93 5% 81 4% 58 6 1 5% 40% 40 101 1% oy Bia Hall (WF) (1.20). Hanna pf (7). Hercules Mot (80c).. Hercules Pow pf (7) Hershey Choc pf (15) Hollander Sons. Homestake Min (17 Houdaille Hershey . . Household Fin pf(4) Houston Oll. . Hudson Motor (1). Hupp Motors 4 Indian Refining Inspiration Copper. . Insuranshares Del A Int Cerpent (1) Int Combustion Int Harvester ( Int Harvester pf (1), Int Hydro EI A (e2). Int Match pt (4). Int Nick of Can(40¢) Tut Nick Can pe (7). Int tys Cen A pf Int T2l & T Tt Dept . Interstate DS pf(7). Interst DS ptxw (7). Johns-Manville (3).. Ran City Sou pf (4). Kayser (1) & Co (1). KKelly-S Kelly-Spr T 8% pt s lgelvnator Corp. ... Kennecott Copper (1) Kinney (G R) Co pf. Kresge (5 8) (1.60). Kreuger & T(m1.61). Kroger Grocery (1). Tambert Co (8)..... Lane Bryant (1) Lee Rub Lehman Corp (3). Libbey Owens Glass. Ligg & Myers B (15) Liquid Carbonie (3). Loew'sInc (3)ueenss Loft Inc. Lorxillard () Co. McCall Corp (21%) MeGraw Hill (1).... Melntyre Pore M(1), McKeespt T P(15% ) Mok «un&nub(l). Mack 1rnl.s\3) Marine Midld (1.20)« Marshall Field (233) Mathieson Alkill (2) Mengel Co. . .. Mengel Copf (7).... Miami Copper, ...... Mid Continent Petm. Minn Moline Pow. sourt Pacific sourl Pac pf (5).. an 208 30s 40s 10s 1 3 1 1 Nash Motors (4) ash Chat & St L (3) Lead pf B (6)... % Nat Pwr & Lt . Ei 68 31% 251, 131% 116 5% 1ty 19% Nat Steel (2). YNH&HDPL ()., Y Ont & Western. . Y Railwavs pf Y Steam pf (6). oranda Mines orf & Westn ( . orth Am Aviation, Nor Amer (b10%stk) orth Amer pf (3) Omnibus Corp. Omnibus pf (A Otis Elevator ( Owens 111 Glass (2). Pacific Coast 2d pf. . Pacific Gas & El (2).. Pacific Lighting (3). Pacific Tel&Teleg (7) Packard Motor (40¢) Panhandle Pro&Ref. Paramt-P(m1.62%p) Pathe Iixchange. Pathe Exchange (A). Patino Mines. ....... 4 Peerless Motor Car.. 28 56 1% 72 120% 109% 107% 103% 28 5% 66% 21 12 31% Penney (J C) (2.40). Penn Dixie Cemesit. . Penn Railroad (3)... Petm Corp of Am(1) Phila Conew (6).... Phila Co 6% pf (3).. Phila&Reading C& I Philip Morris&Co(1) Phillips Petroleum. . Pierce Oil..... Pierce Petroleum. Pillsbury Flour (2 Porto Ric-Am To(2). Prairie Oil & Gas. Prairie Pipe Llne(z) Pressed Steel Car. . .. Proct & Gamb (2.40), Pro & Refiners. . Public Sve NJ (3. Public Sve NJ pf (6). Pub Sve G&E pf (5).. Pullman Corp (4). .. Punta Alegre Sugar.. Pure Oil Purity Bakerie Radio Corp Radio Corp (B) (6). B 3 60s 20s 15 2 N e 29153 90 1 8 4 D11 00 D An 1 1= 1 D 0000 et 1 e B e e 11% Radio-Keith-Orph A. 112 26% Rand Mins(m1.21%) 108 17% 603 5% 5 31 24 Raybestos-Man 1.60. Reading Rwy (4). Remington-Rand. Reo Motor Car(40c) . Republic Steel. Richfield Oil. . Rio Grande Ofl Royal Dtch (m2. Safeway Stores (5. Safeway Strs pf (7) St Joseph: Lead (1).+ StL-San Fran p£(6) . Savage Arms (1). Schulte Retail Store Scott Paper ($1.40). Seaboard Air Line % Seaboard Air Line pf 3% 447 4% 16% 414 2% 104 6% 3 17% 80 % Seaboard Ofl. - Seagrave (60c) Sears Roebuck (33%)+ ServelIne, ...oco:e shnttuck(FG)(u%) Shell Unfon Ofl...... Shubert Theaters. .. Simmons Co........ Sinclair Consol Oil Skelly Oil Socony-Vacuum 1.60. Solv Am pf ww(534). South Port Rico Sug. 1 '105 10 5 3 i 408 5 1 9 22 5 73 4 31 5 3 (Continued on Page I . i iabumi D. C., TUESDAY, STOCKS IRREGULAR e .| ON LIGHT TRADING 2 ZM ,A, Reaction in Market Has Ap- Gg parently Ended, With Most Issues Sold Out. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, September. 1.—Prices hardened in today’s stock market, with trading no more active than it had been in the previous session when they were weakening. In other words, the market just about retraced the ground lost_on Monday. The better feeling was most in evi- dence in the last hour and quotations made their highs just before the close. ‘The late buying coincided with an up- ward flurry in railway bonds based on reports that the car loadings statement Wednesday would show a gratifying increase. Again it was nothing in the news that governed the price movement in tlie market. The show of firmness in SEPTEMBER 1, stocks was only another indication of | the sold-out condition now existing. The weekly statement of reporting member banks to the Federal Reserve Board showed an increase in loans on securities and a falling off in the item all others,” meaning commercial loans. Rails were irregular, with a new low | for the bear market in Nashville, Chat- | tanooga & St. Louis. Union Pacific | sold off, even taking into account the | dividend that came off the price. On the other hand New York Central and | Baltimore & Ohio were well supported. | There was little doing in the utilites either way. A weak spot among the food shares was Beechnut Packing, down over 3 points, reversing the move- | ment of the day before. Volume of trading was as low as ever. The bulk of the transactions originated on the floor. Too much significance, therefore, cannot be awarded these day-to-day fluctuations sional market. nevertheless, that any unexpected good news could produce a hurried covering movement. The ofl stocks were heavy, particular- ly the lower-priced ones, but most of | the popular industrials ranged higher. | Crude oil output decreased 537,642 bar- rels daily during the week ending Au- gust 28. The doubt, however, was as to what would happen after the ban cn production is lifted in Texas. Amusement stocks were favored in Prestdent September 1, 1931 year periods—at RANDALL H. HAGNER & COMPANY Monn;maz_ LoAN CORRE SPONDENT AewXork Y% Insurance ?fiwyfazyf 1% 1321 Connecf 8 70 36% ut Ave. F. B. KEECH & COMPANY Members of York Stock Excrg we New Washington Stock Exchanse New York Curb Exchang 2 Live New York Cotton Exc! York P ‘Bremen Cotton Exchanse (Assoc. Members) BONDS STOCKS DIRECT PRIVATE WIRES We are equipped to handle promptly orders on the leading exchanges of the world. M CORNER 17TH ST., N. W,, WASHINGTON NATIONAL 6245 New York Chicago Brooklyn Capital and Surplus, $3,500,000.00 NATIONAL | \ 1931. the early trading, with Loew's the leader, up over a point. Endicott- Johnson, representing the shoe indus- , made another -mew high for the year. United States Steel, General Mo- tors and_American Can during the morning hours either held their own or were fractionally higher. Shorts in J. 1. Case were more disposed to cover z,hetr commitments than to extend ‘Whitney Estate Increase. NEW YORK, September 1 (Special). —The increase in the value of the ‘Whitney estate from May, 1927, to May, 1929, was’ nearly $53,000,000, due to the rise in securities in that period. It would have been considerably more had the appraisals been made in Sep- tember, 1929. Likewise, values would be materially less if they were made on the basis of current quotations. In numerous instances the values showed reductions from the May, 1929, rating | of as much as 50 per cent. This is particularly true in the case of rail- road stocks contained in the inventery of securities. New Stock Issues. NEW YORK, September 1 (Special). —One of the strongest contrasts in the August financing is that in the item of new_stocks, which was slightly over $11,600,000, compared with nearly $44,- 000,000 in August, 1929. The latter Money on Hand to Loan on First Deed of Trust | in a profes-; The situation is such, | . JR. GEORGE A. GRIFFIN Yice President & Secretary LEGG, GRIFFIN AND COMPANY, INC. INSURANCE Announce the Opening of Offices in the HIBBS BUILDING WASHINGTON, D. C. *llllllllllIIIIIIIIIl.llIIIIIIIII“Ill|||I'IlIlllllllllIl|||||||I||lllllll"llllllIII|lll|llllllllll“lll|IllII|llIll|IlIIIlIlIlllllllll"lllll* | Money Available for Mortgage Loans will receive our best consideration; and you may be sure of prompt action. Upon approval the money will be available without delay. £OUR application to us for a First Trust Loan Loans are made on apartment house, office build- ing, residential and business properties, located in Washington or in nearby Maryland and Virginia—for 3, 5 and 10 *IllillllllllI'Il||l|||l|l|l||lIIIIIIIIIIIIOI'IIIIIIIII!IIII!IlI!IlIIIIlIIIIIIIllllll!llllllllIIIlIlIII|IlIII|IIIlIIIIlIIIIIIIIIIIIlIlIlIIIIII * rpool Cotton Auoclluon. Ltd. ange ew Detrott 67 Interest Reasonable Commission and Prompt Replies to Applicutions JAMES F. SHEA 643 Indiana Ave. N.W. We Recommend— CURTIS PUBLISHING CO. Common (The Saturday Evening Post) (The Ladies’ Home Journal) (The Country Gentleman) Listed New York Stock Ezchange MARKET 68 YIELD 599% Circular on Request Waggaman, Brawner & Co., Inc. Investment Brokers 1700 Eye St. N.W., Me. 3860-4 GBOBGE Y. WORTHINGTON, JR. Trearurer Telephone NAtional 6963 5"2% Decatur 3600 cago Stock Exchange hicago Board of Trade Orléans Cotton Exchange I COMMODITIES Philadelphia Winnipeg Providence —that individual Executors and Trustees die before their duties are completed, greatly complicat ing matters for those involved, fNaming a Corporate Fiduciary, like this bank, in your Will, obvi~ ates a chance of this difficulty— insures efficiency and economy in settling your estate. { Consultation Invited. SAVINGS & TRUST COMPANY The Oldest Savings Institution in the District of Columbis Corner 15th & New York Ave. "FINANCIAL. *¥% A—13 figure represented in large part the fieuance of ahares of investment trusts, | I Money to Loan = 1 S Thich, held the center of the stage at e Tiing nteeset il e .:! Joseph I Weller g wssh 1o & Tross DISCOUNT RATE REDUCED. BERLIN, September 1 (). — The Reichsbank today reduced its rate from | 10 to 8 per cent and on collateral from | 12 to 10 per cent. LOANS 2nd_or 3rd Trust Due? o You Need Money Estate Invu!ment Co. s Your 1st. D Real E 416 5th Announcing the removal of our office from 917 15th Street N.W. to 625 Shoreham Building 15th and H Sts. N.W. TELEPHONE NATIONAL 1116 and the appointment of Paul H. Smith formerly manager of the St. Louis office of the Utility Securities Co. as Manager. Utility Securities Corporation New York Philadelphia Pittsburgh Boston Hartford Rochester Chicago Richmond PROPERTY MANAGEMENT Apartment House MANAGEMENT UR judgment in matters of repairs and improvement is only one of the valuable features in connection with our manage- ment of apartment houses. Let us show you in how many ways we can serve you profitably. B. F. SAUL CO. 925 15th St. N.W. Nat’l 2100 MORTGAGE LOANS A Banking Connection With any American Security Office affords a valuable contact with all de- partments of this strong bank and with executives who are capable of inter- preting its broad policies in terms of your individual needs. Every Banking and Trust Service T AND. TRUST COMPANY 15th and Penna. Ave. Branches: Northeast— 8th and H Streets N.E. Northwest— 1140 15th Street N.W. Surplus—83.400,000 Central— 7th and Mass. Ave. N.W. Southwest— 7th and E Streets S.W. Capital—$3,400,000 FINANCING AT LOW COST First Mortgage Funds (Three Years or Longer) Loans on residence and business properties in the District of Columbia and nearby Maryland suburbs . . . Ample funds, lower interest, prompt approvals, valuable prepayment priv- ileges. Three-year loans on newer properties without amortization. 5%% H. L. Rust Company ESTABLISHED 1889 1001 Fifteenth Street National 8100 Loan Correspondent for “The Prudential”