Evening Star Newspaper, September 13, 1931, Page 61

FIN CURB SHARES SINK ON SHARP SELLING Utility Stocks Continue Un- der Pressure—Most Losses Are Fractional. BY JOHN L. COOLEY, Associated Press Financial Writer. NEW YORK, September 12.—Curb prices drifted lower today. Trading was dull but selling of utility stocks kept the list under pressure. Opening quotations were steady. How- ever, any hopes that the Friday rally would be extended on further short cov- ering quickly disappeared when pressure was directed against leading power and light issues. Electric Bond & Share duplicated its old low of 29° and closed | ANCIAL OVER 1,000 BANKS CLOSED DURING PRESENT YEAR Bpecial Dispatch to The Star. NEW YORK, September 12.—Accord- ing to the records of the American Banker, the number of banks which have closed their doors in the United States since January 1, 1931 have passed the 1,000 mark. e of the past week have brought Q.he fig- ure up to 1,098, with depnllt liabilities f $764,000.954. Forty-four banking in- st‘ltuuom have failed during the past six days, and 54 banks were closed the previous week. UTILITIES CUT RATES IN MIDWEST CITIES Expansion of Central System Op- erations Results in Lower Costs to Consumer. Special Dispatch to The Sta KANSAS CITY, Mo., September 12.— at the bottom. off 1% net. United Light | ( KANSAS e o0 Beplehier Fo A, however, recovered a 1-point decline and Associated Gas A canceled a ma- Jor fractional loss. Commonwealth Edi- son and American Gas lost nearly 3. American Superpower, Utilities Power & Light and Middle West Utilities sagged moderately. Cities Service eased about balf a point. ‘The specialties were dull, although' Tower prices prevailed in most instances. | Aluminum of America reached new low ground for the current reaction and Glen Alden Coal weakened a couple of | points. A few late sales of Singer Manufacturing were recorded at 225, a loss of 15 points from Friday's close. Newmont Mining came within a frac- tion of its old minimum. Oils idled. Stancard of Kentucky was off 34 in light selling. BROMO-SELTZER DIVIDEND. At a recent meeting of the board of directors of Emerson Bromo Seltzer, Inc., the regular quarterly dividend of 50 cents a_share was declared on the preferred class “A” and class “B” com- mon_stock, payable to stockholders October 1. The class “A™ stock of this corporation is listed on the Washington, | Baltimore and New York Curb Ex- changes. Maj. Ennalls Waggaman, | resident of Waggaman, Brawner & Co., nc., s a director of the company and attended the meeting. all through the interior regarding taxes, and mass meetings are demanding that Government activities be conducted at less expense, public utilities are volun- | tarily reducing rates in a manner sav- ing to consumers more than is usually possible through any immediate lessen- ing. of taxes. ‘With the rapid expansicn of central | system operation of power companies | all through the Southwest, material re duction of cost has been secured. Vir- tually every town and even the little village now has electric service. Out- side a few municipal plants yet remain- ing, these are units of widespread sys- tems operated from a central station and eliminating by modern methods an army of employes. During the Summer modern steel tower transmission lines have been erected for the first time out through Kansas and into Oklahoma, adding to the efficiency of the plants. Companies each serving 200 to 500 towns and small centers have in the past three months reduced current charges 10 to 15 per cent. As a result the plains towns are obtaining current cheaper than ever before, and with the extensive customer ownership of stock, which covers tens of thousands of families, the sentiment | toward utilities has been stabilized on a mest friendly basis. (Copyrigat. 1931.) WASHINGTON STOCK EXCHANGE YEAR 1931 TO DATE (Reported by W. B. Hibbs & Co., Hibbs Building, Washington, D. C.) OCCURRING ON THE WASHINGTON STOCK EXCHANGE FOR 1931 UP TO AND INCLUDING FRIDA BONDS. PUBLIC UTILITIES. Y., SEPTEMBER 11. Araete o Oven. High. Low. Close. maturity. Anacostia & Pot. Riv. R. R. 1st 55, 1949 L 81 81 6.80% Anacostia & Potomac R . R. guar 5s, 96 95 5.40% C. & P. Telephone of Virginia 55, 1943 .. 10514 103's 4557 Capital Traction Ist 5s. 1947 . City & Sburban Ry. Ist Ss Georzetown Gas Light Ist 5 Potomac Elect:ic Power con LT 7.10% 80 81 6 106 103 103 106 102% Potomac Electric Power gen and ref. 65 1853 108% 110%¢ 107! ight 55, 1960 3 10410772 103% 89 1000 99 33 L0000 102 103 1010 . series B, 1936 L 106 101 107 n Railway & Electric 4s 1951 . 94z MISCELLANEOUS. Barber & Rosi, Inc. 6'zs, 1936 . Columbia Country Club 5' D. C. Paper Mfg. 1st 65, 1937 Washington Market 5s, 1936 PUBLIC UTILITIES. Capital Traction . N. & W. Steamboat . : Potomac Electric Power pfd. Potomac Electric Power pfd. Washington Gas 5 Washington Railway & Elec. com. Washington Railway & Elect. ptd. NATIONAL BANKS. Capital Commercial District .. Washington . TRUST COMPANIES. American Security & Trust sees Continental .. Nattonal Savinks & Union Trust . Washington Loan & Trust SAVINGS BANKS. East Washington . Potomac Savings Bank Security Savings & Commercial. . Seventh St. Savings Bank FIRE INSURANCE. American . Corcoran Barber & Ross, Inc., com. Columbia Medical Bldg. Cor Celumbia Sand & Gravel pfd. District National Secur. pfd, Emerson Bromo-Sel. “A' 1 Storage Co. pfd. Mereh: Merchants’ Trf. & Bts. pfd. Mergenthaler Linotype . National Mtge. & Inv. pfd Peoples Drug Stores pfd. Real Est. Mtge. & Security Storage ... Terminal Ref. & Whe. Corp, . The Carpel Corp. .. Washington Medical Bldg . Woodward & Lothrop pfd. Commercial Club 5s ... National Press Blds. 1st 5'zs, 1050 Chapin-Backs pfd. .. cene 1 Franklin National Bank .. o 1 HOW IS B 80 102 30 %0 Low. 3204 180 110 107% 1s 421 7% 224 200 200 49 185 212 370 170% no'i 225 228 200 330 us s 305 395 200 200% 420 425 % 3 65 65 430 435 200 290 280 130 150 3.00 1.50 700 UNLISTED DEPARTMENT. 80 00 800 00 7.00 128 128 USINESS? Showing Current Business Activity compared with Same Week Last Year. GENERAL BUSINESS ACTIVITY for the country indicated by Bank Debits outside New York City. Shaded areas show weeks of ac tivity above the correspo; previous year. Black areas indicate declines from same weeks 12 mq ACTIVITY BY FEDERAL RESERVE DISTRICTS. Check Transactions compared with the same week s year ago. 1 New York l?hlll elphia Cleveland Rich i Siwen: | sl_.. [ TEiRsd 1 Sme | —10.4% Stock_and dividend. Acetol Prod A. Alr Inv Ine. vto Allegheny Gas C3 Allied Mills Inc Aluminum Co of Alum Co Am pf (! Alum G'ds M 11.20) Aluminum Co. Ltd. Aluminum, Ltd (B) war. Aluminum,Ltd (D) war Am. Bakeries. A (3) Am Capital (B). . Am Capital pf (3) . Am Capital pr pf (5%) Am Cigar Co. Am CIt Po& Lt B(b10% ) Am Cmwith P A(b10%). Am Com PrB (b10%). Am Com Pr st pf (6 Am Corpn (130¢) Am Corp warran ‘Am Cyanamid (B Am Dept Sto Am Equities Am ForPwr war. Am Founders. Am Gas & Elec (£1) Am Gas & El pf (6) Am Hardware (4) Am Investment Inc (B) Am Inv. Inc, war. Am Launary Mach (2). Am Lt & Trac (2%) Am MfgCo (1), .. ‘Am Maracaibo. Am Natural Gas... Am Stat Pub Sve(a1.60) Am Superpower (p40c). Am Superpwr 1st pf(6). Am Supervo pf (6) Am Util&Gen (B)vtc. Am Ut&Gen cu pf(1's Am Yvette Co (25c). Amster Trading (48¢)..: Anchor Tost Fence. Anglo-Chilean Nit Angus Co, Del pf (A). Appalachian Gas. Appalachian Gas Wr.... Arcturus Radio Tub...s Arkansas Pwr&Lt pf(’ b Metal Works (60c) we Ind (30¢) . Asso Gas& Il pur rts. Asso Tel Utl] (b8%) Atlantic Coast Fisherd Atlantic Sec Corp. At Seeur cum pf wiw(3). Atlas Plywood (2) Atlas Utilities Corp. 4 Atlas Utilities(war) Auto Vot Machine, Auto V M ev pr pt(5 Axton Fish Tob A(3.20). Babcock & Wil (7) . Bellanca Afrcraft, Bell Te! of Can (8) Beneficial TL (13). Bickford's. Inc (1.20)... Bickford In~Df (23)... Bizelow-Sanford Carpet. Bliss Co (EW) (n1). Blue Ridge Corp. Blue Ridge Cp v ph.n Bourjois Inc Bragiiian Trac LA&B (i) Brill Corp A (34¢). Brillo Mfg A (2) Brit-A To reg(1.1 . Buffalo, N&EP p£(1.60) Buft Niag&EP 18t pf(5). Burco, Ine. Bureo, Ine pf Burma, Ltd rots 137 3-60. Cable Radlo Tub vto, Canadian Marcont. Carlb Syndicat Curman & Co A ( Carrier Corporatiol Cent Ind Pwr pf (7). Cent Pub Sve. Del. .. Cept Pub § %), Cent & Sown Ut (I.’ ” Cent States I (b10%) .+ Cent States Elec (war). Cent Sts El cv pf n(a6). en States El pf xw(6).. Cent West PSAal%. .o Centrifugal Pipe (60c).. Chain Stor Development Chain Stores Stock e Chief Consol Mining. Childs Co. pf. (7)... Cities Service(g30c) Cities Service pf (6) Citles Ser pf B (.60). Cities Serv P & Lt pf(6) Claude Neon Lights.Inc. Clev Elec Illum (1.60) Cleveland Tractor. Columbla Ol & Gas vtc.. Columbia Pictures(76c), Co Picture vte (76¢) waee Com Wat Ser (£12%¢) e Comstock Tunnel....e.3 Consol Auto Mer otfs... Consolidated Copper. Consol Gas Balto (3.6 Consol Royal (20¢)... Contl Gas & El pr pf(7 Cont Roll & Steell Fy Cont Shares conv pf. Cont Shares pf (B).oesen Cooper Bessemer. . Copeland Pr Inc (n). Cord Corp. Corp Secur of Chi (b‘fi) Corroon & Reynold: Crn & Rnlds pfA(6) .. Cosden Ofl. Cosden Ol pf Crane Co pf (1) ... Creole Petroleum. Crocker Wheeler, . Crown Cent Petm ( Curtiss Mfg Co (A)....e Curtiss Wright War..ee. Cusi Mex Mining... Darby Petroleum Dayton Airplane Deere & Co. De Forest Ra, Derby Ofl & Refin. .. . Detroit Alrcraft Corp. ... Doehler Die Casting. ... Dominion Steel & Coal B Dow Chemical (2).. Dres (8 R) Mfg.A (3%). Dresser Mfg (B) (2) Dubilier C & Radio. Duke Pow (5). .. Duquesne Gas Corp. Durant Motors. . Duval Tex. Sul. wi.. East G & Fuel Al1 East G & Fl. ) East States Pwr (B) E- ern Util Asso(2) rn Util Asso e Edllcltlonl! Pictures pt. Eisler Electric Corp. Elec Bond & Sh (b6%) .. E] Bond & Sh of (6).... Elec Bond&Sh cu pf (5), Elec Pow Asso (1).. Elec Pow Asso A (1) El1P& Lopt war, Elec Shareholdg (! Elec Shareholdg pf (a6 Empire Corporation. Emp Corp cv pf (a3). reren IGEERE 5T {5 ol VI R TS R S R + FEIVVE 4441 ERE E +11$ & 1800000000 - F i R ¥ CI++1+01+10 1010 ||+|| & [ LN 8 R S > 25 s sessfFs 7 grrss s F FEEFRF FPEEFEE B¥F 2psrEs s 27 sxs"gs SEE IE sr2Fs s5FeeBr prp ¢ THE SU\’DAY STAR, WASHINGTO J y u--.. ... 5?’?:5'"" RO ;s:s* DC./, Stock and dividend. Ford Mot Fran Ford Mot Ltd (36 3-5¢). Foremost DairyProd. ... Foremost Dairy pr pf..a Foremost Fabrics. Foundation For Shs. ..er Fox TheatersClassA. . Franklin Mfg Co. Galena Oil Corp. Garlock Packing (1. 20).- Gen Alloys. . General Avia General Cable wa Gen ELLtd rcts 36 Gen Empire Corp (1). Gen Fireproof (2). Gen Gas&El cv pf B (6)w Gen Pub Sve pf (6). Gen Theat Equip cv pt Gen Water Wks&Elec A. Glen Alden Coal (4). Globe Underwr (15¢)..3 Gold Seal Elec new. Golden Center. Golden State Co Ltd. Goldfield Cuusolidas Goldman Sachs T C. Gorham Inc pf. . Graymur Corp (1). Gt At & Pac T nv ('G‘A). Grt A&P Tea pf (1) Greyhound Corp. Groc Strs Prod v. Gulf Oll of Pa (1%4). Hackmester Lind Hamilton Gas rets. Hammond Clock (2). % Happiness Candy. Hecla Mining (40c). Heleria Rubinstein. Heyden Chem Corp (2 Hollinger Gold (65¢, Hudson Bay Min& 8. Humble OIl (t2%). Huyler St, Del cu Hydro Elec Secur (1.40 Hygrade Food Prod. Imp Of1 of Can (50¢) Imp Tob Gt Brit (179¢) .. Indiana Pipe Line (1). Ind Terr Illu Ol (B) Insull Inv (b6%). . Insull Util 2d pf(6) Ins Coof No Am ('Z%). Insurance Secur (40c). Intercont Pete new Int Cigar Mach (2%). Intl Hydro cv pf (3%) Intl Petroleum (1). Intercont Power (A). Int Superp (11.10). Int Utilities A (3%). Internatl Utllities (B) .. Internatl Utilities(war) Int Utilities pr pf(7) InterstateFquities. . Interstate Equ cv pf (3). Interstate Hose Mills. .. Interstate Power pf (7). Irving Air Chute (1). Iron Cap Copper. .. Italian Superpowr A. Ital Superpower war. Jersey Cent P&Lt pf (6). Kings Co Lt cum pfD(5) Kirby Petroleum. Kleinert (1 B) Rubber. Knott Corporation (1).. Kolster-Br(Am shs). Koppers G & C pf (6)... Kress (SH) sp bt (60c) Lackawanna sec (4) ke Shore Mines (2 Lakey Fdry & Mach Lefcourt Realty 1.6 LefcourtRIty pf(3) Lehigh Coal&Nav (1. Ley (Fred T) & Co. Libby McNeill & L. Lion Oil & Refining. ... Lone Star Gas n (88c). Long Islcu pt B (6). Loulsiana Lan & EXe... MacMarr Stores (1) MagdalenaSyndicat, ad Johnson (+3). Memph N G Ci Mercantile Stores(1). Mer Chap&sS pf A(6%) Mesta Machine (2). etal & Mining, Inc Met Chain Stores. Met 6s to 50c Stores(A) . Mexico-Oh10 Ofl. ......0 Middle Sts Pet vtc A 22¢. Mid Sts Pet v.t.e. B. Mid W Sts Ut (b10% Mid West Util (b8 ) MidWest Ut cv pf(6) Midland Steel Prod Midland United (b6% til prin (6) s River Pr pf (6) . Miss River Fuel bd rt: Mock Judson Voehr. Moh Hud P 2d p£(7)... 1 Montgomery WardA (7). Mont Lt H& T (1%) eene Moody’s I8 pt pf (3)eeer Morrison Elec Sup cesem 3% MosS Gold Mines. . eqege Mountain Products (1 at Bd & S Corp (1).... at. Cash-Credit Asso.. at Food Prod (B).. Nat Fuel Gas (1). Nat Investors. Natl Pwr & Lt 160e. Nat Bugar NJ (2)eeccee N;Itl Transit (1), New Eng Fuel new. ... New Eng Pow pf (6). N Eng P S prlien(7). New Jersey Zinc(13). 4 New Mex & Ariz Land. ewmont Mining. .. Y & Hond Ros (1) Y Merchandise (1 -H. Power (40¢) Niag.-H. PWI A War. ..a Niag Hud Pwr (B) war., Niag Shares, Md (40 Niagara Shares,Md war. Niles-Bement-,Pond (l) Nipissing. .. Nitrate Corp Chile (B).- Noma Elec Corp (40¢) ue Nordon Corp Litd......e % Nor Am Aviation A war. Nor European Ol Corp Nor Ind Pub Sve pf(6) North Stat Pwr A (8] Novadel Agene (4) Ohio Brass (B) (2). % Ohio Copper...... Ohio Edison pf (6) Ohio Ofl n (cu)pt (8): e Oh10 POWer DE.(8) v r v+ Ohlo Pub Serv be A (7). Ntario Mg ..o vsememe Qutboard Mot (43 o g 28 5 (11 T 1+ III( REEREER 3] L+ +10 FEHTER0ERTSEY 1 i 4d SEREEE 4+ VEREEEE Y +1++ A X TS NN} I+it 1+ 1 ++ ++00040 000 - PERFIFE FI¥ o FEESL ® FeE ¥ O o i e e & R ser 2 ¥ FE E:z?#;: 22 FF % SEPTEMBER 13, 1931—PART SIX. Stock and dividend. Petrol Corp war. Phila Co (new) Philip Morris Inc. Philip Morris (A) ‘Phoenix Secur Corp Phoenix S 2 pt (3). Pilot Radio Tube(A). Pitney Bowes P (b4%)., Pittsbgh & Lake E(f10). Plymouth Oil (250) Prod Roalty (h10%). Propper McCallum. Prudential Inv pf(6). Pub Sve of Oklap1 (6). Public Util Hold war. . Pub Util Hold Corp xw., Pub Ut Hold cu pf(3) Puget Sd P & Lt pf (5). Puget Snd P & Lt pf (6) % Pure Oll pf (6). Pyrene Mfg Quaker Oats (17)... Rallroad Shares(40c) . 2% Raflway & Lt Secur (13), 36 Rainbow Lum ProdA. Rainbow Lum Prod B. . Reeves (D) (1%). Relter-Foster, Rellance Intl (. Reliance Int Corp( Rellance Managemen Republic Gas Corp Reybarn Co. Richmond Rad cum pf. . R'kland Lt & P (90¢). .., Roonvall Fleld. Ine. Rossia Int Corp (10¢) Ryan Consolidated. Ryerson (JT) (1 Safety Cgr Heat & Ltg., St Antony Gola. St Regis Paper (60, Salt Creek Prod (1.40) Schiff (The) Co (2). Schulte Un 6e to$1 8 Seaboard Util,| Secur Corp Gen (406 . eman Brothers (3) £al L & H (a50C) vau.s Seiberling Rubber, Selected Industries. .... Sel Indus allot ctfs (53 ) Sle Ind prior (5%)...... Sentry Saftey Control. .. Shattuck Den Min, 31 Shaw W& P (2 Shenandoah Corp. 33, Shenandoah Cor pf (al), 28% Sherwin Willms (143).. 581 Sierra Pac I Silica Gel et. 4 Silver (I) Bro: 55 Singer Mfg Co (116) 240 Singer Ltd rets(28¢)..e 8% Smith (A 0) (2). Solar Refining. ... So Am Air Lines 1st pf. South Am Gold&Plat, South Penn Ofl (1). So Cal Edis pf (B) (1%) Sou Cal kd pf C(1%) ou West Bell Tel p£(7). 122 So West Gas Util... 21 Southwest Pen P L (1).. Spieg May Stern pf, Stand Invest cum pf. Stand Motors. ... Stand Ofl of Ind( 1) Stand Oil of Ky (1.60 Stand 01l Oh1o(2%). 106 100 Stand Oil of Ohio pf (5) s wlv. 1011«, 1ow. & 3p St U EIE 3% in stocks £Ps 104 1 stoc 931, Low. Stock and dividend. High. 30 StandPwr &Lt (2)...... 30 29 Stand Pwr& Lt (B) (2). 2% Starrett Corp..... 10 Starrett Corp pf (3). 181% Stein(A) & €0 (1.60).. 8519 Stein(A)&Co cu pf(6%). 4 Stravss (Nathan). Stutz Motor Car. Sunray Ofl (b5% ) Swift & Co new (2) Swift Internat (3). Swiss Amer EI pf(6) Syracuse Wash Mch (B, Taggart Corporation 4 Tampa Electric (32). Taylor Milling (213). Technicolor Inc. Teck Hughes (60c) Texon Oil & Land (1) Thatcher Sec Corp. Timken Det Axle pt (7). Todd Shipyard (4). Toledo kdison pf(6). Tonopah Mining. Trans Air Trans. ..., Trans Lux DL P 8., Tri-contin’l Corp war. Triplex Safety Glas: Tri-Utilities. ", T'runz Pork § Tubize Chatel, B, Ungerleider Fin Cn Union Am Invest. .o, Un Gas of Canada (1) UnionTobacco. Unit Carr Fast (10c). Unit Corp war, Unit Dry Dock. Unit Founde Utd Gas Corpn Unit Gas Corp w United Gas pf (7) Utd Light & Pwr A Utd L & Pwr (B) (1) Utd Lig it Shoe Mach (13 Iu S Dairy B. E| SF:SE# T FEF e s cwaes SR A W R ° +11l+1 (EEER I SRR AR o - FrEES S PHE+E 0L Li+1+00 (AR FERS F2 e SEFFEEF 10+ FEFE Sy F rersef sy SR AR R R A » EEEEELET G LB “inishing pf, US Foil Co B (56t). . " US & Interntl Sec U S Inter Sec 1. et ise) rf;‘.e“t#::::#r.* FEEF FEFL Playing Card (214). Radio & Television, Rubber Reciaim United Sta Store Unit & 3 Unit Verde Exten Unite Wall Paper. Util Pwr&Lt (a Ut P&L B(at1.02 E3g &0 Utility & Inad....... Uti] &%nd pf (1%). Utility Equitfes. . Utility Equity pt (5% Van Camp Pack.......s Venezuela Petroleum. .. Vick Financial (30¢) eaea ® EET B & SELL R VTSR F LY i ¥ Walgreen Co war.. Walker (H) (50¢). Watson (JW) Co.... ‘v‘» enden Covper... . LB ) Feser srsevs # Low Cafeterfas. Wil-low Cafe pf (1) Wilson Jones Woolworth (FW) Ltd Woolworth (FW)Ltd pf. Wright Hargra (11234¢) % *Y" Ol & Gas = Dividend rates in doliars based on last annual payment. *Ex-ividend. fPartly extra, $Blus — 134 | @ Pavable in cash or stock. b Payable in stock, e AG. dend. {Plus 5% in stock. &Plus 6% in stock. gEEr swrre e Dt div hPlus 1% in® lus 3% in regular rate. stock. nPlus 8% in stock. P Paid last year—no NEW SOVIET AGENT TO PLAN INCREASE IN TRADE WITH U. S. (Continued From First Page.) fected with the same enterprise at a profit which is still considerable. The Soviet appears for a third time, but points out that inasmuch as the profits of the corporation “A" have been ab- normally large, the order would be given only at a reduction in prices, which is, as a rule, so marked, that the company, in order to do the busi- ness, would have to do so at & distinct loss. ‘The result is that corporation “A” can no longer afford to take the order, and its status is rendered worse be- cause it had in the meantime equipped itself to do a larger business which it can no longer carry on. The Soviet approaches corporation “B” and the process is repeated. It is evident that profits derived from dealing with the Soviets are, to a very large extent, ephemeral in character. Does it pay to sell one's conscience for a mess of | pottage, that is for the sake of a mon- entry gain? Russia is today the most widely ad- vertised place in the whole world. Newspapers and periodicals devote col- umn upon column to a discussiony of Russian affairs, ranging from the trial and conviction of women accused of having poisoned their husbands to the progress of the struggle against capital- ism and the capitalistic system, Lecture halls and classrooms, conven- tions and symposiums vie with one an- other in the marshaling of facts (sic) regarding the economic and financial and social structure of the erstwhile Romanoff Empire. Manufacturers and merchants continuously bemoan the fact that business with Russia would | increase immeasurably if the United States were to resume normal dealings | with her. But they do not seem to give suffi- cient thought to other parts of the world with which an infinitely larger business is carried on. Nor do they seem to fear the loss of such business which is already in existence. ‘There is something intriguing, some- thing fascinating about the things about which we know least. And while the capitalistic world drifts along aimlessly, Russia is planning slowly* and method- ically and systematically. She has a plan which capitalism has not. Rus- sia’s plan may be predicated upon per- verse economic dogmas, but it is a plan nevertheless,—a far more desirable state of affairs than no plan at all. Russia has issued to the proletariat of the world the clarion call to rally behind the Soviet flag and to fight with might and main the supposed exploit- ers of the masses. Critical times such as the present create a most fertile field for Russian propaganda—one of Russia’s staple, and it would seem in- exhaustible articles of export. In order to combat this propagan many of course deny its existence—it il n ry for what is generally referred Money to Loan AT e T Joupll Weller 420 Wash. L. & Trast LOANS 15 Your Ist; #nd or 31d Trust Duet MR. FRIEDMAN 416 5th_St. N.W.. Room 707 NAT. 4519 MONEY TO LOAN at 516% and 6% dnterest to as the capitalistic system to unite | ade and a half, if t y :Elily flg{l{t h;g}:::ilv?lly“lll‘nme:m Y.ha‘n attempt to save themsasswbx: 1{2%;‘“:0!: 2 continue to display the same indifference which o eration; « Y been in evidence for almost a dec- | ‘P "¥"g, 1931, by, the North American *>MIIIII|I||I|l||III|HH||||IIIHI||||III|III|H|!I|I|I|II"|IJImIIIIllIIlIlIlIIlIlllllll|lIIIIHI!Il'llllIII||IIllIIII|IIIIIIII||IIIIIIII * Money Available for Mortgage Loans —_— TR JOF fPorigage Loans F you have a FIRST TRUST you wish to place on apartment house, office buxldmg, residential or business property, located in Washington or nearby Maryland and Virginia, we shall be glad to have your application. It will be promptly considered, and if approved the money will be available at once. These First Trust Loans will be made for 3, 5 or 10-year periods, and at 1/2% the low rate of cececcescomoncceccoces RANDALL H. HAGNER & COMPANY MORTGAGE. m‘ CORRE SPONDENT 1321 Connecticut Ave. Decatur 3600 * L e L * . e ——— offered in a Company dealing in Wholesale Food Commodities. Com- pany established nearly 40 years. Divi- dend record good. Confidential infor- mation given upon request. Address Box 171D, Star Office FIRST MORTGAGES YOU DON'T HAVE TO WEIGH VALUES in selecting an Investment when yqu choose our 6% FIRST MORTGAGES That has been done already, and the properties upon which the mort- gage loans are made have been ap- praised by competent judgment as fully securing the loan. Placi Renewing Your elere Rt aa"24 Tres Furthermore, the interest ¥s both liberal and unalferably, fixed — an ithout @ » added merit. LEADING BAROMETERS. Showing Trend of important factors, Present trend, trem Sear age. Business in dollars (checks cashed).. ey Eureka PipeLine(4). Employment (Department of Labor) . —137 Euro Elee, Ltd deb rts. Wages (Department of Labor)..... S Evans Wall Lead, Cost of living (Industrial Conference Board).. Vi —11.7 Fageol Motor. . ‘Wholesale p! rlclu (Fisher’s lnd‘ex‘.A. e . o i e 26% Itural prices (Department of iculture).. 4 % :l‘:vl::l:: opm (r:r loadings) . s ) Fansteel Prod. .. 904 Parker Rust Pr (3). Retail trade (Federal Reserve Board).. PSSk ins Bion. B st 2 Federated Cap cum e Building contracts ( Dodge) .. Chanct Lol g N 8 PennaGas&Elec A. Fischman & Sons A, Fiintkote Co (A) Empire Gas&F cm pf(7). Empire Power pt (2.24), Empire Pub Sve (A). Employ Reinsur (11.80). May be puncliase! In amauniy flrom $250 wp. B. F. SAUL CO., National 2100 925 15th St. N.W. [n Homou”nll;lofin First Deed of Trust 6% Interest PacG & E 18t pf (1), 20% Factfio Lighting o (6y+2 1060 108 Pac Pub Sve A(1.30). .00 19% 195 Pac Western O! ven % BY% Pan Am Airways, seeeve 26% Pandem Oil... $ e - 2E VEESL - Prompt_Replies 10 Applications JAMES F. SHEA FHERE 18 NO SUBSTFPWPE FOR SARETY e Fss 27