Evening Star Newspaper, September 21, 1931, Page 13

THE EVENING STAR, WASHINGTON, 1931. EINANCIAL, ek A-13 » D. C, MONDAY, SEPTEMBER 21, NEW YORK STOCK EXCHANGE | (STOCKS IN RALLY o NRERYP S s 5 under $30 a share for the first FINANCIAL, INSURANCE SALES | DECLINE IN AUGUST == We Give Property Management Personal Attention ' HY not transfer all the perplexi -obl and worrying details in cmnec\?:n‘:fifll'::: i management of your properties to us? We will render service that has a background of long ~1981 High. leow. % Consol Texti Stock and Dividend Rate. Report Shows New Policies Dropped ‘19 Per: Cent in District. BY EDWARD C. STONE. | New insurance written in the Dis- trict of Columbia in August was 19 per cent below the total for August, 1930, while the average for the United States as a whole was 14 per cent under | the record made in Atugust of last year, according to reports just received from Hartford. Only three States had a gain, New Hampshire up 15 per cent, South Carolina up 6 per cent, Arkansas | 2, while Missouri and North Carolina | did just the same amount of business | as they did last year in August. { New business in Florida was off 13, 14% low. Dividend 21 AbItibl Pwr & Paper, 1 8 Adams Express (1).. 114 79% AdamsExp pf (5) 22% Adams Millis (2). 2 Alrway Elec Appl 7 Alaska Junenu (4 Allegheny Steel 60c. . 4608 Allled Ch&Dye (n8) . Allled Ch&Dye pf(7) Allls Chalmers (2). ., Alpha Port Cemt (1) Amerada Corp (2) Am Beet Sugar pf. . 2 Am Brake Shoe(2. Am Can Co 115) Am Can Co pf (7) Am Car & Fdry t1)., Am Car & Fdy pt (1) Am Chain, ... 44 Am Chain pf (7). Am Chicle (13). Am Colortype . 4 Am Comel Alcohol. . Am Encaustic Tiling 2% Rate. Add 00. High. Low. 3 . 1% o 2% 2% 8% 214 Container Corp (A). 1 o A% — % W 23 Market - Hardens Following L+ & F VL4 e FE EE FESFE FEE 3 7 Container Corp (B).. 1 30 5% Contl Baking (A).... 29 1 Contl Baking (B).... 53 44% Contl Baking pf (8). 15 38% Contl Can (3%)..... 182 5% Cont Diamond Fibre. 25% Cont Insur (2.40)..« 11 Contl Motors . 5 Contl Oil (De! . 1% Contl Shares . 51 44% Corn Products (14).. 156 4 Coty Inc. . 20% Cream of Wheat t2% 11% Crex Carpet. . 814 Crosley Radio....... 4 18% Crown Cork (2.40).. 11 28 Crown Cork pf (270) 1 80% Crucible Steel 17 71 Crucible Steel pf (7) 508 % Cuba Cane Products. {2 214 Cuban-Am Sugar.... 15 Cuban-Am Sugar pf. 1% Cuban Domn Sugar.. 35% Cudahy Packing (4). 623 Curtis Publish (4).. 100 Curtis Publish pf (7) 1% Curtiss Wrignt...... 3 Curtis Wright (A) 95% Cushmans pf (7) Cushmans pf (8) Heavy Selling in Open- ing Trades. BY GEORGE T. HUGHES. ‘Spectal Dispateh to The Star. NEW YORK, September 21—Stag- gered by the ovenight announcement that Great Britain had abandoned the gold standard the stock market first broke under a flood of selling and then rallied in amazing fashion today. The industrials came back over most of the ground lost, but the railroad shares turned against the bears spectacularly, with Reading, the feature, up at one time more than 25 points. ‘The recovery developed a bear panic in the railroad stocks in the afternoon. Reading was a spectacular feature, frantic bidding by the shorts advanc- ing the price more than 25 points. The . the merchandising and mail order shares were acutely weak and General Motors broke through the 28 mark. For United States Steel there was better support, although it sold under 75 during the first hour. From that point it rebounded 4’ points on short covering. The market was helped by the official ruling against short sales. It was also helped by the heavy cover- ing movement that got under way after the early selling had been absorbed. Stocks In which the short interest was the largest were the first to recover. A typical instance was Reading, a railroad issue which had been pressed for sale by bearish operators for \weeks past. Just before noon the ticker printed a quotation on Reading of 52 bid, offered at 78. Thereafter it sold at 54, but that was up almost 4 points on the day. Apes and camels still roam wild in Europe, the former on the steeps of Gibraltar and the latter in the great swlmpRl‘m Marismas on the Guadal- ir_Rive First Mortgage Loans and varied experience—rendering us competent to solve the problems of cost, operation, income and profit. from annoyance. PROMPT INVARIABLE rule of this office E RANDALL H. HAGNER & COMPANY g MoRrGAGE. LoAN CORRE SPONDEYT £ 1321 Connecticut Ave. O AR O I(‘; a service we are rendering to a large clientele —owners of apartment houses, office buils dences and business properties—who find it a most profitable investment, as well as a welcome relief ings, resi- remittance is an Ak G foivisars Koo Decatur 3600 per cent, in Maryland 16 per cent, in | Virginia 17 per cent and Alabama 20 per cent. West Virginia reported a drop 32 per cent over August, 1930, standing next to the foot' of the list, last place being held by North Dakota, which suffered a loss of 46 per cent. Georgia was 15 per cent behind last year. Insurance sales for the United States 4n August show a slightly upward trend when reviewed in connection with sales for the first seven months of the year. That is, the percentage of decrease 15,‘ smaller than is indicated by figures for | the preceding seven months. Delaware | showed. just the same falling off in business as the District of Colum- bia, August sales in Washington totaled $4,305,000. Retail Sales Doing Better. Department store sales in the fifth Federal Reserve district in August Ehowed somewhat less than the usual decrease in comparison with July sales, but averaged 8.4 per cent less than sales in August, 1930, according to re- stock l;l.dd b;:en alold }o . iundstm'lnt week; ha n loan at a premium, e e e cupply on the way | Lowest Rates of Interest and Commission D e T I mitments for the | Thomas J. Fisher & Company, Inc. decline were retired. Atchison, touch- ing 116, was up 8 points on the day and sharp advances were sc by Union Pacific, Southern Pacific, Nor- folk & Western and New York Central. This show of ‘strength in the rails Money on Hand to Loan on accumulated covering in the indus- | First Deed of Trust trinls. United States Steel crossed 80 for a 5-point gain over Saturday's clos- | 6 ing, and American_Can, Westinghouse | 0 lnterest Electric, General Electric and other representative stocks moved up sym- Reasonable Commission and pathetically, Volume was not so large | Prompt Replies to as it had been during the morning, but | Applicstions stocks were “hard to buy.” JAMES F- SHEA Such a demonstration could not have | 643 Indiana Ave. N.W. 9 Am European Secur. i Am & For Power. .. . ' 5% Dav ATt P gé(:r) % 27 1% Debenhams Securl! ¢ Am Haw St'ship (1), 2~ 14 Deere & Co Df (1.40). Al y Delaware & Hud (9). 11 m Hide & Leather. . Del Lack & Wn (4) A ek reana: Denver & RG W pf.. A T oty e Detroit Edison (8)..x Am International. .., Deyoe & R 1t pf (7) Am La France&Fom. Diamond Match (1). Am La Fr i Diamond Mtch pf 1% Am La Fr&Foam of. Dismond Mtch § A Lowetvepe (1) Domn Stores (10 Am Lo'motive pf (7) O Am Mch & Fdy 1.40.. Drag Corn (4) am ¥::::':|°(-}.. 13 H Duluth S S& Atlpf.. 1 3 i 60 Dupontde Nem (4).. 387 ® p :$ ;:‘_“‘_;‘L‘: fx’l') . 124% 11713 Du Pont de N pf(6). 2 Am Radiator (60¢).. Ta% 4% Eastern Roll Mills.. 1 Am Republics. . 185% 113% Eastman Kodak (18) 14 Am Rolling Mills. ... 21% 8% Eaton Axle (1.60). % Am Safety Razor (5) 114 3% Eitington-Schild 19 Am Shipbuilding (5) 1508 69 35l Eitington-Schild pfe, ¢ Am Smelt Ref (2)... 126 74% 27 Elec Auto Lite (4)... 208 3 Am Sm&R 24 pt (6, 1 4% Electric Boat....... Am Sm & Ref pf (7). Elec&Musical Instru 157 ports from 34 leading °department 5 e e Amvae 31, wero 3 AmBoly & Cham B Fieg Blorape BAL ()'x |40 sales this year, m"’“!h‘fi“g““ e 914 Am Steel Found (1) .. i Emerson-Brant (A). 1 3.5 per cent less than sales from ! 92 Am Steel Fdry pf(7). Emporium Capwell.. 208 ary, through August a yu;‘ :fio te ! 4« 37 Am Stores (12%)... Endicott-Johnson(3) 1 i ) cfi_‘;i;‘&’;"fspgr e | 42 Am Sugar Ref (5)... Rlanst, bt on August 51 stocks aer- 56, Am Sugar Ret 3t (1) 100 Brle RR...ooe aged 9.9 per cent less in rmu;e n% 85% Am Tobaceo (16).... 315 Eureka Vac Clea T csous . somk Iy A B9 AT T Falrbanks-Morse i“;n“.’.‘l'. e A ho was chused. by A i Fairbanks M pf (7). . the receipts of some early Fall mer- A T Fed Mines & Smelt., chandise. The reporting stores turn:g Am Wat Wks cfs(3). :: aolttgl;\;e:no’eo)). 1 ok e e 16% Fed Dept Strs (26c).x m Woolen Co... ¥ furned an average of 2403 times, & : 2714 Fid Ph Fire In(2.60). 2 28 Mo L higher figure than 2.125 times for the 851 Filene's Sons pf 63%. x 108 mey to réptene A g eight months last year. 13 Firestone T&R (1). 10 mission. As noted & few days ago, retail ul‘es 56 :‘\:"‘1;\3::1 1“;1: r:;: )) !: '; ; Tu"v'v‘ ashington ? t in W | Wi were off 6.6 per cen P ) - Equitable Co-Operative Bldg: Ass'n some J0% EDSON, President, WALTER 5. PRATT: 20, Socotssy ription for the 101st Issue of Stock Being Received Consult Us if You Want a Loan on Real Estate or to Take Up a First Mortgage Those. who desire to borrow money to pur- chase a home, refinance present indebtedness or improve property should see us. Applications will receive prompt and-courteous attention, Loans Repayable Monthly No Brokerage . . . No Commissions 915 F ST. N.W. taken place in any market under the| cifcumstances, unless it had been thor- oughly lquidated beforehand and un- less it had harbored an overextended short account. & Except for Paris, the New York mar- 7 ket was the only important exchange in ok - Profitable Results the world open.. The wisdom of this| From Investing in policy, however, was vindicated by the price moveme It is true that the averages made new lows, and that Guaranty First Mortgage Securities there was much frightened liquidation, but the market was always orderly, There were always bids for stocks, and when the list turned the supply of rails was far below the demand. * In the former classification American Telephone & Telegraph was most con- Excellent - non-fluctuating in- vestments secured on income producing, conservatively praised properties TION'S CAPITAL. Denominations as low as $100 Fayments if Desired off over 5 points on the Monthl, Send for Booklet, “The Success Plan” REAL ESTATE MORTGAGE & GUARANTY CORPORATION 1610 K St. N.W. National 1403 Equit Office Bldg 2% Erie RR. A Bed Rock Foundation Eighth fized Year Trust 0’ Securlt' deudnwdbyimd:—fik;th-mh- great fortification — a bed-rock foundation of safety. Managed day by day, month by month, with exacting care and it — to strengthen and increase its earning power. t No matter how small your investmen may be, you can start right with a single invest. ment, the strength of which is maintained by wvision. Send for our new booklet ** The Massachusett tment ®lan for ummumm“uddrm A. S. GOULDEN & CO. Ine. ¢., Washington, D. C. Not a Anaconda Cop (13%). Anaconda W &C (1). Archer Dantel Mid. . Armour of Del pf (1) Armour of Ill (A)... loney D. C. Real Estate at Current Interest Rate s A. Blundon Co, Inc. N.W. Phone Nat. 0714 ON YOUR WE PAY 5% Under the management of Thomas J. J T e, Ve, B established rehal { 8 Baldwin Locomotive 35 R o ies by tha oty | 474 31 BanakCMew).... %] 4 ajto o pf (4).. 1 However, e nmy Tt been in 101% Bamberger pf (635). 1108 . 1115 T sodnios 2 | Lo 99N Bangmiivpeet (1), Washington office the firm has 24 other 28% Barker Bros bf (614) 5 Barnsdall Corp'n.... 22 Bayuk Cigar (3).... 77 Bayuk Cig 1st pf (7). 8 Beatrice Cream (4).. Beech-Nut Pkg (3).. Belding-Hemingway Bendix Aviation (1). Best&Co(2)..uuuse Bethlehem Steel (2). Bethlehem Stl pt (7) Bloomingdale Bros. . THIS INSTITUTION HAS HELPED TO Re-Finance and Purchase AVERITABLE CITY OF 1134 Gen Elec spec (60c! 39% Gen Food Corp (3) 7 3 Gen Gas&El A(e30 43 FIRST MORTGAGE 3% Gen Outdoor Adv.... 6% Gen Outdoor Adv(A) 15 Gen Prtg Ink (2%).. 58% Gen Prtg Ink df (6) .. 4% Gen Public Service. . 32 Gen Ry Signal (5)... 1% Gen Realty & Util. department a bond is equipped with complete statistical ces. ‘Hemphill, Noyes & Co. recently in- cruudp the personnel of their stock department with _the acquisition of August Schmidt, H. Kenneth Murray and Lawrence Leeby, all of w) in the glflk have been identified New orl YOU'LL NEVER REGRET investment ‘made i iour , Stock Exchange offices. Bond Club Starting Library. The Washington Bond Ciub, which includes representatives of nearly every investment banking house and broker- age office in the city, is launching & complete financial library, it was an- nounced today. The novel enterprise 15 being started without cost to the club, e ot maemapers. . The brary 54" Budd (5 6y Mg of 1eml . . ?fl?‘&d no"éua'm“‘m banking offices of 4% Budd Wheel (1) 4 an underwriting investment house on 5% Bullard Co... 4% Gotham Silk Hosfery Fifteenth street in the heart of the Bulova Watch (80¢) . ' 52 Gotham pf xw (7) financial section and the jobs of libra- Burrough A M(f1%) 5 2 Graham-Paige. . ibrarians, bookkeepers Bugh Terminal(2%) 8% Granby Con Min (1). rian, assistant librarians, eepers, Bush T D ot ), etc., ";'IL b: ;\lled by un;l)ald voluntesrs Bfi:h T:;r:“t:l:!: ;;:” from club’s personnel: e ‘Histories of stock exchanges in every g: i ‘&osvv-r f Zinc. gornér of the ::‘rldl stories of the de- Suie & Suguion nt o er} rallways, biog- . raphies of financial celebritiss, from 16% Byers :2 :;c:.“” Alexander Hamilton or the elder J. P. 2 D! Morgan, down to more picturesque ~ 18% Calit Packing (2) characters such as “Jubilee Jim" Fisk 3 Callahan Zine & Ld and “Uncle Danl” Drew, treatises on 23% Calumet & Arizona. . the German Reichsbank, the Bank for 4 Calumet& Hecla. ... International Settlements, etc., etc., in 8 Camp W&C Fdy (1), fact everything of interest to studsnts iEL O Dey e 0 of finance and economies will be added 14% Canadian Pacific 1% . I?J“mdly [ prt;slible to the shelves 1;';; g:::l‘:rl- S ':l(:o)) of the new library. % As against the free origin, members| ;i'a ((;--- ((..'le)c?,. of the Bond Club will have to pay & gos camT Db, rental for all books borrowed, and a % Caterpillar Trac(3). fine for books held longer than the al-| | : %":.M"c Corp lotted number of days. These receipts | ;:‘- 8'/- b S will be devoted to the purchase of tm-| 37 & Gelotex tioetfs portant new books. In addition thel 3 18 ORI i135 T, bmx: Club itself will purchase timely| 30" 138 Gent KR of N J (8 00K3. g8 C Ve ‘Washington clearing house figures {or| zore 2rb Comete Brven o s g e | %3 20 Cortaineteed Prod Lively Trading on Exchange. | 23% 3% Checker Cab Mrtg. Trading was in excellent yvolume on; 46% 24'; Ches&Ohio (2%).., the Washington Stock Exchange today | 54's 22% Chesapeake Corp(2). s the week’s business opened. The first | 7% 3% Chi Great Western. . eale was in Potomac Electric Power | 27% 15 ChiGreat Westn pf. Consolidated 5s at 105. Other bond| 8% 3 ChiMilStP& Pac... transactions were in Washington Gas: 16% 4% Chi Mil StP & Pae pf. Light 6s, both ser'es, at recent levels. 45% 15 Chi& Northwest (4). Lanston Monotype opened at 80 and| 15% 5 ChiPneu Tool. 6 7 on emall sales dropped to 78, Mergen- | 35 15% Chi Pneu Tool pf. thaler Linotype opened ex-dividend at ' 2 TR A, 1% Indfan Motor Cycle.. 74 and closed at 72 on sales of only 34 16 Chi Yellow Cab (3). x1008 2 Indian Refining shares. Peoples Drug Stores pre!ei‘red 12% 10 Chickasha Cotton Ofl 211 Indust Rayon (4). moved at 101 and Washington Medical 33% 12% Childs Company.... 4 69 Ingersoll Rand (4).. Vi . Chrysler Corp e 34 nland St Potomac Electric Power 5% per centi 328 37 Y1 ieh Corp (0o e o hands at 99 and 98% | 22% 12 Clark Equipment(1). e hank’ slecks Appeared on the | 507 (5% CluettPashosy (8). Boatd, American Securlty & Trust. tow ‘o correrei e Biks. changing hands st 316 and Union | j104rs 100 ® Coly-Paim-P pf (6). FOae A% Mol | 8 Collins & Alkman Board Rooms Packed All Day. | ¢ 71 Collins & Atk pf (7). New York Stock Exchange board! ¥ Golo Fuel & Tron. Tooms in this city were crowded to the | 19% Col Gas&Eleo (2) oors today, following_the financial 9434 Col Gan&El pt A (6) news from 'London, - Standing Toom | 314 Columb Giraph (56c)- was at a premium all day. e open- 4 il o e G g it | T T (e 11% Comm Credit (1.60). might be, lower prices and heavy sell-; * . i 30% Comcl Credit A (3).. $ 16% 4 3 ! 20 Comecl Cred pf (1%). 20% 8% Int Nick of Can(40c) the local board rooms there were 76% Comcl Cred 1st(6% ) 123 112 Int Nick Canpf (7).. mmb{‘ m&ll:\‘en awaiting opportunities 21% Comel Cred pf B (2). 60s 23 1% 1% Int Paper & PwrC 1o ey sl Any number of orders; 18% Comcl Inv Trust (2) 56 1‘;« 7 Int Printing Ink. :t, e mar] et and just under the mar- 100 Comel Inv Trpf 6% . 150s 69% b4 IntPrintg Ink pf et o g t:'mmd- 90 80 Comm Invcvpf(es). 2 5% Int Rys Cent Am Local bankers are kept busy these| 9% Comel Solvents (1). 249 27%. Int Salt (3). days checking coliateral on loans. “It 4% Comwlith&Sou (40c). 623 44 IntShoe (3). is surprising how many le have 80 Comwlith&Sou pf (§) 12 1 15% Int Tel & Tel (1) plenty of col ateral to meet margin + 6% Congolm- i 11% Int Dept Stores (2). x calls,” one banker said today. 8 Congress Ci 8 l}h 10 Intertype Corp (1).. - 26% Consol Cigars (5) 3% Investors Equity. ... U. 5. TREASURY BALANCE. 64 Conaol Cixa 2 o3 Lot Grdek Conitey Consol Cgr pr pf 6% x200s 57% 33'% Jewel Tea (4) The United States Treasury balance, 3% Consol Film. .. 803 announced today as of close of business 9% Consol Film of (1) .x 34 oo R R vt (17 Beptember 18, was $634,129,272.11. Cus-| 109% 73% Consol Gas N Y (4).. 691 76% 814" 123% 99 Jones & Laugh pt(1) toms rece for the month to date 107 101% Consol Gas NY pf(5) 115% 113% KG P&L 1st pf B(6), )56, Total ordinary ex- 15% 10% Consol Laundries(1) —— e 3 s s hed (Continued on Page 14, eight months of the year. Richmond 7 Follonsbes Bros. . ... were down 12 per cent in August 13 Foster Wheeler (1)., 52 ington 18 Fourth Nat Inv mése lf showing & :flmn !:‘ the eight 9% Fox Film (A) (2%}.. 133 oyes Expanding. S 17__Freeport-Tex (3). ‘ e e 2% Gabriel Co (A) REAL EST; ANS in the Shoreham 3 L ATE LO the of their new board % Atlantic Refining (1) % Gardner Motor. room. For the several weeks the 15 5% Atlas Stores (1)..... 314 Gen Am Inves : TYLER & RUTHERFORD tion, and recently a stock % Austin Nichols. YRR 7% Gen Am Tank Car(4) it =+ been added to the facilities of the ; 184 Austin Nich bt A (3)’ 2008 e 11 Gen Asphalt (2)..... 81 o in Snd dwe H‘fi:‘ J:'rfi office. 5 UN] o destred, ‘ 4% Gen Bronze. .. N.W. 7th and Indiana Ave. NW.* LOANS TON IN OYER FORTY YEARS OF SERVICE. COLUMBIA REAL ESTATE CONVENIENT AN SECURITY PLAN. b For Subscription Saturdays Until Noon James E. Connelly NAtional 1381 Bohn Aluma (1%4). . 23% Gen R & Ut pf (e6).. : Bon Ami (A) (15) 28 gu }!!'flrcc::fl (:) 9 I Borg Warner (1). ol L mroid Briggs Mtg (11%). . Ll Lo G : PERMANENT Ji 51 Gillstte Saf R pf : W, | BUILDING ASSOCIATION in ‘August, but up 1.2 per cent for the first 96% Florsheims pf (6)... 30s ‘ and Baltimore's off 8 per cent. Wash- more O i n the dletrich 4% Foundation Co...... nly city 67" Franklin Smn pf(1). 108 hill, Noyes & Co., members Il:f l“}grk Stock Exchange, with offices annunce ‘At Coast Line (7). ot L Made at Low Interest Rates 13: offices have undergone entire nflflg:; 2955 101% Auburn Aute (£4 4% Gen Am Inv pf (6 16% Gen Baking (2). eats, 1 National 0475 HOMES IN WASHING- ON IMPROVED DISTRICT. OF INVESTIGATE OUR 66th Serles of Stock Now Openm - Open Daily 9 to § President R ® NATIONAL Borden Co (k3)..... 1 31 Brockway Mot Trk. . Bilyn-Man Tran (4). Bklyn&Queens pf(s) 1 o Biiyn Unlon Gas (5) rown Shoe 949 NINTH ST, NW. Brunsw-Balks. 3 TREASUR Brunsw-Balks.. . UNDER sunnvucou OF u.8'T Bucyrus-Erle. . 8 Bucyrus-Jirie cv pf 6% FIRST MORTGAGES because you are-assured of eral return throughout the period of the loan—with principal secured by improved \’\'ashit;gi_on real estate that we have conservatively appfaised. Over a Third of a Century Without a 63 Goodyear 1st pf (7).. 25% Grant (W T) (1) 25 Great Northn pf 614 Great Western Sug... 80% Great Wn Sug pf (7) 2 Grigsby Grunow.... 10% Gulf Mobile & North. 1 18% Gulf Mobile&Nor pf. 1 8% Gulf States Steel.... 6 2 26% Hackensack W (1%) 26% Hacken Watpf A 1% 100s 3% Hahn Dept Stores... 26 41% Hahn Dpt St pf(6%) x Hall (WF) (1.20). Hanna pf (7)... 4 Harb & Walker (1). Hartman Corp (B).. Hawaiian Pineap (2) Hayes Body Corp. .. Powder(3). I\Iayf be purchased in amounts from $250 up. School Days —bring opportunity for groundwork in educa- tion—but the Crucible of Experience is what really teaches. WE MAKE FIRST TRUST LOANS on IMPROVED REAL ESTATE IN AMOUNTS OF $5,000 $1,000,000 IN THE DISTRICT OF COLUMBIA AND NEARBY — = MONTGOMERY CO.. MD. PERIODS OF 3, 5 or 10 YRS, we'r our service o 5 Prompt Decisions Given Applications National 5%% There Must Be a Redson eh'OPOIHan INTEREST ; BANK BOSS and PHELPS H Realtors Fifteenth Street RPN Opposite U, S. Treasury B, F. SAUL CO. National 2100 925 15th St. N.W. [This bank’s service is Seasoned, by over a cen- tury’s Experience, ' in satisfying the financial requirements of an ever- growing clientele. 58 119' 111 Tlineis Cent1] (4).. G i bt Each week we are privileged to ex- Johfiogt'arg%'gfngyfiifltwg tend the services of the Metropolitan Insurance Co. Life Insurance Company Real Estate Loan Plan to home owners in the Dis- trict of Columbia and nearby Mary- land and Virginia. Hemphill, Noyes @ Co. Members New York Stock Ezchange 15 Broad Street, New York Thousands of people throughout the United States are recommending this effective method of home financing to their friends. 179% 117 12% 5% Int Carriers,Ltd 50 62% 21 IntCement '(-‘0) 1% Int Combt Announce that Complete Facilities for Trading in Stocks have been added to the Investment Organization in their WASHINGTON OFFICE Mezzanine Floor Shoreham Building Telephone National 5334 THOMAS- ]. MANGAN, JR., Manager Construction Loans in Any Amount WEAVER BROG REALTORS : District 9436 Washington Building Mortgage. Loan Correspondent. Metropolitan Life Insurance Company b b Lawrence R. Leeby Hugh K. Murray August Schmidt Representatives Private Wire Connections to Leading Financial Centers Loans made in_the District of Columbia and nearby $59,169,107.02, . 421 22 ConsolRwyspf ().