Evening Star Newspaper, September 18, 1931, Page 13

CAPTAL TRACTION REVENUES DECLINE Competition Reduces August Income of Company by $33,- 511 From Last Year. BY EDWARD C. STONE. Low-rate taxicab service, bus compe- tition and private automobile transpor- tation hit the Capital Traction Co. so hard in August that there was a de- cline in net earnings of $33,511.81 from August 1930, which was long before the hxl-nrt: war eve}"l'g -.t:ned Acco: to tl for fiiing with the mfif“umm jsaion, the, Traction ecmpanys total net income for the month showed & deficit of $17.408.03, against a net profit of $16,103.78 in the same period a year ago, The financial statement shows that operating revenues in August totalled $264,135.46, ageinst $314,513.96 in Au- gust, 1930, a decrease of $50,378.50. Operating expenses called for $235, 223.85, in comparison with $246,034.8 :1 lreodm:tkm in operating costs of $10, ‘Taxes. required, $16,434.90, compared ‘with $22,527.59 last year, A of $6,092.69. Deduction of operating ex- penses and taxes left the traction com- pany with an operating income of $12-; 467.71, against $4595148 a yurucnlo Non-operating income was the same as last year and dsduc- tions from gross income un-d for the same amount as & year ago. ‘The Capital Traction lines carried 3,153,418 revenue passengers in Au- gust of this year, against 3,691,440 in the samé month in 1930, a decrease of 538,022. August is always a quiet month with the local trans) tion lines ns many people are out of the city on vacations. It was the taxi competition that made the most notable inroads in earnings, however.™ Earnings for Eight Months. Capital Traction’s earnings for the nmi‘mc fmonths of 1481 ars more fa- Opern rq’nn were $3, 6"5 !S'I 02, against $2,746, 91 in Au- :un of year, & decline ms‘l“.’b 2w u'l 2, ‘P; 017, .0?:’““ a year a reduction in this item of “502110 ‘Taxes were $6,423.44 lower than year, and total operating income for m eight months owed a decrease of about $19.500. Non-operating income was also somewhat lower than a year 880. 'orou income amounted to $514,923. :o against $535,038.56, a drop of $20,115.26. ‘The usual deductions from gross $248,894.28, com) carried on the compunys 1ines totied 30,890,130, com- pared v;h.‘h”!l.’to:fl ,199 a year ago, & u%‘m g 'uxu-ew-m- ton Railway & Co. is not o avatlable, it is understood in the district t-hl! the cut-rate taxis severely. have also dented their earnings Ludington Line Has Profit. liminary statement covering erations of the New York. Phila- Atrway Cor- fln‘lltheonlywly alr serv- the world, a total of 8,300 trips e made by tha line’s ships, and & wm of 1,528,569 miles flown at & m tely 37'2 cents per mile, hitherto considered im- possible. A number of world records for trans- apmtlohl also were recorded, Highest single day traffic W passengers; between Pm and Atlantic City, 248 ; largest number of passen- in any one month, 9.116; records of more than motor miles without engine away from | Today: Trading on Exchange. Two local bank stocks appeared on | the Washington Stock Exchange board during. today's trading. Twenty-five nluru of < Pederal-American National | & Trust Co. stock sold, ex- dlvldrnd at 46 and three shares of Riggs National Benk stock changed | hands at 372. There were two sales of 100 shares | each in National Mortgage & Invest- | ment preferred at 43; and 25 shares of | Real Esta e & Guaranty pre- | wed by a 50-share m neglected, the only sale being in Washington Gas Light Gl series A. ln the unlisted | few changes In quotations were mntd during the week. The bid on Mayflower Hotel 6s was reduced to 25 and the bid on Washington Base Ball Stock raised | irom 60 to 62. ) | Bond Club Starts Activities. The Bond Club of Washington will | inaugurate the Winter season next ‘Wednesday, September 23, with a Junch- | tende active mmbeuul:z me‘ no guests or l’lwl! lnvmd The club's ing season. will be cording to Lawrence M. president. Price Stability Encouraging. The stability which has been shown in commodity prices during recent weeks | is o most cncouraging factor, says the | United Business Service of Boston. If this steacliness in prices continues, the | adjustments which are be%mm in | capital, wages and rents become | effective, and some measure of bunneu 1mvrovem:m. will be made ashington clearing house flcum for umy $3,618,833.62. BUSINESS MACHINES co. speaker being | r‘uu com- | ully d(wuned ac- | Proctor, the RETIRES MORE BONDS International Business Machines Cor- ich has a Washington plant, through the ususl sinking value of wfll Tab: 37&1% Co. 6 cent were 1 it the 750,000 now ut.mflz m 3 : tetal of ummr st aside ?ox bond tirement during Durir; 193; $1,090,500 was set ‘aside f in -1029, $1,000, NCIAL. NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct fo The Star Office. Stecks aold in 100-share lois eseent thess desigmated by dotter Co.” 1931~ Bales- Net. Tow. _ Dividend Rate, 3% Abitibl Pwr & Paper. 11% Abitibl Pwr&Pap pt, 915 Adams Express (1).. 82'5 Adams Exp pf (5). 8315 224 Adams Millls (3) 2815 124 Addreszograph (1) 109% 52 234 92 8% Allegany Corp. 9% Alleg Cp pf $30 ww ‘Allext Cp pf X $30 w. 24% Allegheny Steel(.80). 9415 Allled Ch&Dye (n). 249 17% Allis Chalmers (2).. 30 8. Alpha Port Cemt (1) 2 12 Amal Leathap pf. 1 15% Amerada Corp (2). o Am Can Co of (1) 9% Am Car & Fdry (1)..x 18 40 AmCar & Fdy pf (1) x lo. 8 Am Chain. 591 Am Chain nf (7 38 Am Chicle (+3) 5% Am Comcl Aleogol. 13% Am Buropean Secu 1814 Am & For Power. -21% Am Mch & Fdy 6% Am Metal Co. ural Gi 33'; Am Pwr & It (21 < Am Radlator (60c) 8'¢ Am Renublies. 15'+ Am Rolling M 5 Am Safety Razor 26 Am Shipbullding (5) 22 Am Smelt Ref (2)... 110 Am Sm & Ref pt (1) 351% Am Snuft (18%)... 102% Am Snuft pf (8) 15 Am Solv & 1 AmSolv& 10% Am Steel Found (1) 37 Am Stores (12 42 AmSup 145% Am Tel & 51 37 Am Water Wke (3) 35 Am Wat Wks ofs(3 5% Am Woolen Co. 20% Am Woolen Co 3 AmZinc & Lead 17% Anaconda Cop (1%). 17% Anaconda W& C (1) 17 Anchor Cap (2.40).. x 8 Archer Danlel Mid. . 32 Armour of Del pf (7) 1% Armour of Ill (A) % Armour of Tl (B).. 914 Armour of Il pf. 28%¢ 20% 203% 108% 39 5314 285 131 2954 2% - spoSananainess - 98 Atch To&S Fe pf (5). 11% Atl Gulf&West Ind. . 19 Atl Guif&W I pf (5). 11% Atlantic Refining (1) 5% Atlas Stores (1).. 1015 Auburn Auto (f4) 1 Autosales. 6% 3 Aviation Oarv (Del). 27% 8% Baldwin otive 87% 331 Balto & Ohio (5). B: ~ % 1 32 19 85 1414 6% Barnsdall Corp’'n. Bayuk Cigar (3). Beatrice Cream (4 “Beatrice Crm pf(7 ‘' 4414 Beech-Nut Pke (3 1% Belding-Hemingw: 6715 Belg N R pt pf +4.81. 147 Bendix Aviation (1). 31% Best & Co (2 34 Bethlehem St 96 Bethlehem St pf (7) 14% Blaw+Knox (1). 20% Bohn Alumn (1% 47 Borden Co (k3). 14'% Borg Warner (1). 25 Boston & Mafne RR. 814 Briges Mg (11%).. 114 Brockway Mot Trk. . 47 Bkiyn-Man Tran (4) 85% Bklyn-Man Tr pf (6) 99 Bklyn Union Gas (5) 6% Bucyrus-Erfe 8 Bucyrus-Erie cv pf. 5% Budd Wheel (1) 7 Bulova Watch (llc). 215 Burns Bros (B)..... 19t Burronezh A M(t134) £l 17 Bush Terminal(2%) 4 70 Buxh Term deb (7).. 951 Bush Terminal pf(7) B0s ' % Butte & Superfor.... 4 1% Butte Copper & Zinc. 1 8 Butterick Co. 2 69% zz% Byers (A M) Co TT Packing (2) 14 Callahan Zine & L4 231 Calumet & Arizona. 47 Calumet & Hecla . pital Ad pf(A) (3) 90 CarClin&O#l (1) C 53 (T1) pfAT). 15% Caterpiliar Trae(3). 1114 Cerro de Pasco (1).. 415 Checker Cab Mrfg. 27 Ches & Ohlo (2%) 2‘ ( hesapeake Corp(3). IS"- Chl Great Westn pl. Chi Mil StP & Pac... 4% Chi Mil StP & Pac p!. 164 Chi & Northwest (4). 20 Chicago R I&Pacific. * 45 ChiRI& Pacpf(6). 50 ChiRI& Pacpf (7). 14 Childs Company. 12 Chrysler Corp ( 28 City Ice&Fuel ( ) 72 City Ice&Fuel pf 6% 1% City Store: Clev & Pitts (312). 1lins & Aikman. .. Mine & Ak pf (7). io Fuel & ITol v | Gas&Elec (2) 5114 Columb Carbon (5).. 12% Comm Credit (1.60).. 80% Comcl Credit A (3).. 7615 Comel Cred 18t(8%). 21% Comel Cred of B (2). 20 Comecl Inv Trust (2) 101% Comel Inv Tr pf 6% 102 Com Iny Trust pf(i 10% Comicl Solvents (1). 65 Comwith&Sou (40¢) . 86 Comwlith&Sou pf (6) 4 Congolm-Nairn (1) Congress Clgar (1) 2% Container Corp (A) 1 Container Corp (B) 7 Contl Baking (A) 1% Contl Baking (B) 44% Contl Baking pf ( 40% Contl Can (21;). 6 Cont Dinmond ¥ibr 20 mcqil‘lflfllr 2.49),. 1% Contl Motors Oll (Del) ha Ad 00, High, 3% 108 ~ ot T T LT IR ET PR a WMM 3% - % 1% 9% — % 82% —2% 12% + % e b —1% +1% -1 1% 1 -!’« gt ¢ + % e Stock and Dividend Rate. Cuban Domn Sugar. . $5% Cudahy Packing (4). 48% 6214 Curtis Publish (4)..x 100 118% 100 Curtis Publish pf (T)x 825 5% 8% Curtis 112100 Cushmans pf (7) 23 6% Davison Chemica 157% 96 Delaware & Hud @) 102 30% Del Lack & Wn (4).. 45% 11% Denver & RG W pf.. 19‘ 140% Detroit Edison (8) 147% Diamond Match (1).. 24% Diamond Mtch pf 1% 87 Dome Mines (1). 14'4 Domn Stores (1. 203 13'% Doug Alreraft(t1%) 6113 Drug Corp (4).. 96 Duplan Silk pf (8) 70 Dupont de Nem (4).. 12m 1171 Du Pont de N pf(6).. e e e 18% 5 Eastern Roll Mills 185% 118 Eastman Kodak (18) 9y Eaton Axle (1.60)... 31 Eitington-Schild 3514 Eitington-Schild p; 3273 Elec Auto Lite (4) 100 Elec Auto-Lite pn 2 Electric Bos 92% Elec Pwr & Lt pf ¢ 3914 Elec Storage Bat (4). 30 KEndicot hnson (3)x 26% Eng Pub Sve (1.60).. 2614 Equit Office Bldg 2% 1% ;»rla RR. i3 Fairbanks Co. 10's Fairbanks-Morse 58 Fairbanks M pf (7).. 84 Fed Lt & Trac pf (6) 4 Fed Mot Truck(40c). 11% Fed Wat Sve A(1 o) 33 Fid Ph Fire In(2. 8514 Filene's Sons pf w. . 13 Firestone T& R (1).. b6 F ne T&R pf(6) First Natl Strs (3%)x % Fisk Rub 1st pf conv 12 Food Machinery 1%. 163 Foster 20% Fourth Nat 9% Fox Film (A) (:%)- 30 Gamewell Co (3) 14 Gardner Motor. . 31y Gen Am Investor: 6715 Gen Am Invpf (6)..x 49% Gen Am Tank Car(4) 13 Gen Asphalt (2). 17% Gen Baking (2). 111 5arg 124 107% Gen Cigar pf (7) 32% Gen Electric (1.60) 1114 Gen Elec spec (60¢).. 43 Gen Food Corp (3).. 314 Gen Gas&El A (e30c) 25% Gen Ital Ed El m2.61 35 Gen Mills (3).. 96 Gen Mills pt (6). 29% Gen Motors (3) 95 Gen Motors pf (5). 7% Gen Outdoor Adv(A) 15 Gen Prig Ink (2%) 59% Gen Prtg Ink pf (6 7 Gen Public Service 87 Gen Ry Signal (5). 1% Gen Realty & Utl 24 Gen R & Ut pf (e6) 29 Gen Refractories (3) 1% Gen Theatre Equip 13% Gillette Saf Razor. 52 Gillette Saf R pf (5). 315 Glmbel Bros. .. 36'% Gimblel Bros pf (7). T% Glidden Co. ... 18 80 610 11 1 185 12‘6 10- lM 3 16 4 58 10! g 10 48 GliddenCo nr pl ). llMl 4 Gobel (Adolt)..... 21 Gold Dust (3%) 11111 nw. 104 Gold Dust pt (6) 20% 8% Goodrich (B F) % 80% Goodyear T & R @) 71 Goodyear 1st pf (7).. 474 Gotham Silk Hoslery 1 Gould Coupler. 214 Graham-Paige. 94 Granby Con Min (1). 7 Grand Si1 Strs (h1).. 10% Grand (Tnion R 36 Grand Union pf (3).. 25% Grant (W T)-(1) 27 Great Northn pf(4). 16 Great Northn Ore(2) 7% Great Western Sug. . 6% __2)4 Grigsby Grunow. 314 Hahn Dept Store: 431 Hahn Dpt St pf(6%4) 11 Hall (WF) (1.20) 79% Hanna pt (7).... 241 Harb & Walker (1) 2 Hartman Corp (B) % Havana Elec R: 23% Hawailan Pin; 1% Hayes Body Corp 80 Helme (GW) (+7). 40 Hercules Powder(3). #3145 Hershey Choe (5). 90% Hershey Choc pf (16} 3% Hoe (R) &Co....... 181 Holland Furn (12%) 5% Hollander Sons. 81 Homestake Min (18) x 4% Houdallle Hershey 58 Household Fin (4.20) 27 Houston Oil... 6 Houston Ofl (new) 13 Howe Sound (2). 27 Hudson &Man (3%) 11 Hudson Motor (1)... 5% Hupp Motors. . 27% Illinois Central (4) 1% Indian Motor Cycle. Indian Refining 26 1354 89 4% 8 Inspiration Copper. Insuranshares Del Interlake Iron Int Agricultu; Int Bus Machine(n6) Int Carriers,Ltd 50c. Int Cergent (4) Int Combustion 0% 27% 1434 121% 31 16% Int Hydro El A (e2). 73% 33% Int Match pf (4). 20% 9% Int Nick of Can(40¢c). 123 112 Int Nick Can pf (7) 1% Int Paper & PwrC... 7 Int Printing Ink. b4 28% Int Balt (3) Int 8hoe (3). Int Dept Stores (2).. lm.rl)ve( orp (1) 9% 5T's 36 Jewel Tea (4) 80% 40% Johns-Manvil 12815 107 Jones & Laugh pf(7 Kansas City Southn' ‘g :" Karstadt (Rudolph). 12 K’'munn Dept Stra(1) 10% Kayser (J) & Co (1), 1% KOII’-!pfln( Tl' . bl K T K.lvsn-m Corv 20 Kendall Co pf (6). 13 Kennecott Copper(1)x 308 Kimberly Clark 1014 Kinney (G R) C 20% 25 Kresge (S S) (1.60) 115 107 Kresge (8S) pf l1) . 55 36 Kress (Sl.izr:lol :jl‘l)) . Kreuger .61). ’m ““ K;o r Grocery (1). 18 a Locomot (m2). Belt (1.60)..... ldClrhn’nlo 3). ‘s Ine 3). . x 'lllv’f (l%). Ine. w'll.l Bll‘(l) . llard (P) 85'1 32% ki3 b !l lZ\' 30 64 15% 274 43 20% 27% 3 121 121% 10 18% 17% 12 36% 3d% 481 11 Int Printg Ink pf ® mou % 107 18% a3 10- 107 2 14 2 14 1w 1 12% 12% 2 1% 1% ¥ 2% 5 6l 19 8% 30s 40 22 137 2 8 m- % 884 13 26's 264 20! 111 lll 38 124 16 16 ¥ 3 %1%| changes and other securities, along with IDECLINE IN STOCK Political and Banking Senti- ment Abroad Held Cause of Selling. FRESE FEE 25T BY GEORGE T. HUGHES. Special Dispatch to The Star, NEW YORK, BSeptember 18.-~The tock market today finished at its low- est levels in more than two years. In supply from the opening gong, : 1| stocks sank steadfly lower s the vol- = a | ume of liquidation and short selling in- = % | creased right up to the finish of the 3" | broadest and weakest seseion of the year. Sharp breaks in bonds, foreign ex- declines in commodities and the clouded international situation, contributed to % ~-8% | the general wave of selling, which car- 33 ki3 % 2 244 07 107 14 1% 12% 1% 1% 6 T 38% — 13 32 1% + 26% ~ 26% — 111 36 11% 26% 33 ‘:“ m“xm. o ;guu = % | ried to new lows many issues which here- tofore had stubbornly resisted profes- sional pressure. American Can sold off about 4 points. United States Steel common was down over 2 points, while American Telephone had a sharp break of over 8 points. New lows were reached by General Mo- tors, American Smelting, du Pont, and :}mun leaders in their respective divi- % | slons. Selling was so brisk at the finish that the tape fell behind the market and ;vu unable to print closing prices until :08. The chief influence was the condition of political and banking sentiment abroad. This was reflected here in the liquidation of shares that have been | popular and widely -held by European investors, though the unsettled condl- tion of the continental markets was somewhat relieved today by restrictive measuers.- This is all a part of the world-wide lack of confiderice in values and the feeling of hopelessness that ob- tains regarding the situation in Ger- many and the difficulty of seeing through to the end of the present crisis in_Great Britain. the latter paj Stocks were in supply at the start and the volume increased as the session lengthened. Issues like American Tele- phone & Telegraph, Atchison, Union Pacific, New York Central and United States Steel, which have an inter- national market, were conspicuously weak in the forenoon trading. Most of them sold at or close to their previous low prices. The foreign selling has not been confined to common stocks, but has been in evidence in high-grade corporation bonds as well as in & num- ber of the convertible type. There was little in the day’s domestic news to aceount for the change in senti- ment, but the heaviness in prices was sufficient to revive all of the old rumors that have been in circulation recently, Speculative selling of stocks played l part in the decline. The copper grou was affected by the low prices for qux now being quoted and some of motor shares by substantial price cnh made by a leading manufacturer. Auburn Auto, whose 10-point advance Thursday initiated the rally, was the weakest member of the automobile group today. FREIGHT RATE PLEA. By the Associated Press. Elisha Lee, vice president of the fifigylsv):lm m&md told ‘;.he Ohio ippers lvisory Board recent! the ples of American railroads for & 1 per cent increase in freight rates was merely an endeavor in the present emergency to restore rates to the levels of 10 years ago with respect to earnings. “The present action of the roads is usually referred to simply as an appli- cation to advance freight rates 15 per cent,” Lee sald, adding, “It would be more accurate and convey a much truer picture to speak of it as an ef- mately the levels of some years back.’ INVESTMENT TRUSTS NEW YORK, September 18.—-Over- the-counter market: i ABC 43 ST % ivest m Br & oon ot B Com Fdr l"’TQ b oal 38 8o w3 i 8% %Ls Diversified Dlversllhd Tr l\?‘r;mxm Tr - m * "i‘x ;lxed T{ll!', &’ Fund Tr Sh General zqm';', !A Granger Tr Granser Trade P Yiaor Cotp s{_ur.! vem OF n('?u-x hn? 1-:'.« anmiin3as e e s T —“-88 e, fort to restore frelght rates to approxi- FAVORABLE TRADE PRICES RESUMES| FACTORS ARE SEEN Public Apparently Unaware That Recovery Has Started | i in Some Lines. By the Associated Press. There is strong indication on the business horizon of definite improvement in many industries the American public { apparently refuses to recognize. Why such » situation should exist is | 5173 perplexing Government observers and économists. Its refusal to note an im- provement has been attributed to pessi- mism. that overshadows the favorable sigus. 2 However, there is definite evidence that the situation is improving, as indi- cated in several favorable factors. Anumi them was the contention of Federal Loan Bureau officials that rogressed. toward ulti- in agriculture, with a showing a. small profit for this year's PIn the South and Southwest, sections stricken particularly hard in year, assurance was given that the hun- ger threat had been removed, and that the beginning of 1932 would offer. more hope. Purchasing power of agricultural comntunities, however, remained cur- tailed to the minimum because of lower prices. Overstuffed hwnwnu ‘were being eliminated. Examples were seen in the felds of automobiles, automobile tires, textiles and shoes. In ithe latter two improvement has been manifested for several months, but profits continued small. On the other hand, however, the purchasing power of the working inel of these two industries has n enhanced. Despite the low estate of railroads, there was an unmistakable air of op- timism toward the future. Carriers were sanguine an increase in rates would be allowed by the Commission. In the meantime, railroads have been compelled to u!lblllh effi- clencies and economies holding great maa of benefit when l.he tide of Onm' significant’ fuctnru included the unparalleled strength of the -banki; -erunture of the country, which proi and abundant cash for trade ex- p ; the arrest of commodity price declines, which have continued uninter- rupted for more than' 18 months, and | B the improvement in the rubber indus- al try, which bids falr to continue for | Chicas some time. GAIN IN BALTIMORE BANK DEPOSITS MADE |to% Special m.p.kh 0 The Star. BALTIMORE, Mc by_banking officials. The recent total m $623, xeooon compared with $439,400, the call in Deeembef m The table of its follows: December, 1923, mutual blnklw"fl ,275,000; all savings other banks, mutual savings hlnkl. 147,115,m; mutual savings all other “banks, mutual * savings | says. all other banks, mutual savings Deceml banks, $1 xuaooo December, 1927, banks, $178,660,000; $432,277,000. December, 1928, mutual savings banks, ‘lll 152,000; all other banks, 1939, mutual savings banks, all other banks, $402,- 000. June, 1930, mutual savings banks, !19‘1170000 all other benks, $413,- 353, .Y\m 1931, mutual savings banks, mmufio all other banks, $411,- SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) :§=:§==_=s— 3: all other banks,|few weeks. llloflurbtnh.‘ i e 55 4 Kon"Yon ont. s 1. 4 1034, ‘981 w:- York, Shi; i L g 1083 e EIL""‘ moi.hyx Bty el Aocih o 6 : l. - 98% foss?. Money to Loan Secured .fi lllil llo‘ Il ‘l I on r‘enl Joseph 1. Wellet catate. n Wash. L. & Trust Bidg.. 9th & F N.W. | Allowance on Yeur Old flnl 4 14th .'T. N.W. ADAMS 8100 on D. C. Propert at 6% Interest . .J: ¥o .“{ulnnulnl wm-mn- FINANCI CHAIN STORE CENSUS SHOWS 7,083 SYSTEMS By the Associated Press. The latest preliminary census com- Blllfinn ol’ the Commerce Department retail: chal O.emslnth. nnnlng of 1930, operating . total of 56,020 stores. Each of 3,177 of the clnlnn ennun-d less than si: 10 \ln.lt.leu:h 1o 2! u.- each, total of 61,626 units. The automotive group of stores and filling stations was next with 862 chains of filling. stations, 25,553 units, huo stores bmu‘ht the total for the to 1, 117 chnlm comprised of units, was the apparel 1! xmup Qf 1,284 l:hllnl with 17,771 units. least popular was the restaurant ;r_l,t}’nun‘ group, with 287 chains and BANK CLEARINGS GAIN AL. ACCEPTANCES NOTED FOR AIJGUST Council Lays— 8137,&02,330 Decline to Financial Dis- turbances Abroad. By the Assoclated Press. NEW YORK, September 18.—A ‘l’w“ of $137,802,330 in the volume of out- ok standing bankers' ‘aeceptances occurred ~* during the month of August, the Amer-">" ican Acceptance Council reported. It°"™ was attributed partiaily to the effect of /vt financial disturbances abroad om t-he‘\‘“ REPORTED BY DUN’S|: BY the Assoclated Press. NEW YORK, September 18.—Bank clearings again make a slightly better showing. The total this week for leas ing cities in the United States, as re- ported to Dun’s Review, of $7,302,086,000 mzo» rn!nllelll that of last t New York City the amount wu '$4,930,400,000, & decline of 20.6 per cent from a yeal while for all citles outside of New York $2,371,686,000 showed a reduction of 21.4 per cent. ‘The increase this week of $2,504,419,000, or 50.2 per cent, over last week reflects in part the extra day, last week's clear- ings being only for five days. This gain is unusually large. Making allow- ance for that extra day, this week’s clentngu are in excess of the preceding | j; week by 27.0 per cent. Settlements | tr through the banks include heavy pay— ;nmu u’]‘;{ &mfly l‘-_‘x‘e returns and for_ex: Ly trans- actions, Similar ellmu"“g:nued bank clearings very largely & year ago. Practically every city continues to re- port s considerable t than it has ported decreases E-red with same a year ago, fol (Totals in thousands.) jee . 17, GREENVILLE, S C., 1®)—The ® Greeat sepwmb*r ll been made,” the paper lmu:nmherumummu Mp!.nn are now - mnningmmex goods will be much heavier during the next few months.” REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD Amuo-.-”.:m n‘.}l Ir!.lnl."cn. 1520 K St. N.W. N-H-l 0475 he August “n: cil in its month! ‘market of this na- s total at th mm t S a 3t the presen ,967 ou ture declined only $3 with a drop of $70,000, leay! $391,; financial disturbances abroad Xml.n credit business.” 7th and Indiana Ave. NW. LOANS ON IMPROVED DISTRICT OF COLUMBIA REAL ESTATE SECURITY A 66th Series of Stock Now Open For Subscription Organized 1870 JOHN JOY EDSON, President Take Up a will receive prompt and WALTER S. PRATT, Jr, lu*’ Subscription for the 101st Issue of Stock Being Consult Us if You Want a Loan on Real Estate or to First Mortgage Those who desire to borrow money to pur- chase a home, refinance present indebtedness or improve property should see us. Applications courteous attention, Loans Repayable Monthly No Brokerage . . . No Commissions LAY THE FOUNDATION OF FINANCIAL PROSPERITY by systematic investment in our 6% FIRST MORTGAGES They represent one of the depend- able investments where so liberal a Over a Third of a Century Without a * Loss May be from $250 up. return is fixed and assured through- out the term of the mortgage. " There will be ng variation and all the while. the principal is safely protected by im- proved Washington real estate which. we have conservatively appraised, purchasedmamm