Evening Star Newspaper, November 2, 1931, Page 13

9 FINANCIAL. EVENING STAR. C.. MONDAY, NOVEMBER 1931. FINANCIAL, Ll L] TRADING 1S LIGHT ON D. C, EXCHANGE THE NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. in wheat prices, J. 1. Case opened at 51t up 1% at 139'%, ad- WASHINGTON, D. American ' Telephone, | ISTOCK PRICES GAIN |7 e | climbed Ty Atchison was up % at INSTEADY AR 5 Equitable Co-Operative Bldg. Ass'n nized 1879 S5ist YEAR COMPLETED JOHN JOY EDSON, President WALTER S. m(:r.}. Jr., Secretary Subscriptions for the 101st Issue of Stock Being Received on_the tape, such 31%, Mexican clair’ at Tis. as Houston Oil at Seabard at 97, Sin- Stock and Standard of California Dividend Rate Sales Net. Close ©n 30 145 Gestemated by letter “2." - 100-share lota excent those Net | ¥ ek and Brles Dividend Ra Add 00 Low. 30 Low - 140 Mergenthaler and Gas Issues Are Features of Dull Market. BY COWARD C. STONE Today saw one of the lightest tead- ing days of the year on the Washing- ton Stock Exchange The week's business opened with four small lots of Mergenthaler Linotype selling at 63 off from last week's close Gas recorded a $500 }’) was snnounced exPhange will be closed cause of election day In Kew York The lccal exchange usually remains closed when the New York Stock Ex- change s not oper The Washington Gas Light Co. Na- tional Bavings & Trust Co. and the Washington loan & Trust Co. paid their quarterly dividends on November 1. The American Pire Insurance Co. di6 the same. is leaves any lsues now quoted e>mething quite unusual 100 Stocks Up 9.2 Per Cent. The market agpraisal of 100 repre- sentative commoll stocks increased $1,- 108,016,000, or 9.2 per cent, to $l4,- 170,882,000 in the month nccording to Prazier Jelke & Co. The same issues sold Up to $43,447.945,000 at the end of August, 1929, and as low ns 3129 tember, 1931. In October, 11 13 sub-groups constituting the advanced, while two groups declined. “The largest per cent advance was in the merchandising shares, which re- covered 196 per cent sale at 101 that the local tomorrow_ be- ex-dividend, of the The oils advanced 15.2 per cent, the amusements, 14.2 per cent; the motors and the electricals, 12,6 per cent each; the utilities, 11.8 per cent; the mines, 11.7 per cent; the equipments, 11 per cent; the miscellaneous industrials. 10.8 | the foods, 10 per cent, and the chemicals, 8.9 per cent.” The steels de- clined per cent and the rails dropped 34 per cent, The October recovery of $1,198,016,~ 000 compares with the September de- preciation of $5.690,580,000. In other words, the October recovery was equal to only 21 per cent of the September losses Peoples Drug Reports Income. Consolidated income account of Peo- ples Drug Stores, Inc., for nine months ended September 30, 1931, follows: Net sales, $12,787.762; other stores income, $107.766; total, $12,985,528: costs and 74,044 depreciation, $205,- $405,101; other deduc- tlons, less income, $20,502; Federal taxes, $46,152; net profit, $338.447; pre- ferred dividends, $117,031; surplus for common, $221416. Peoples Drug Stores preferred stock 4% now quoted on the Washington Stock Exchange at 90. The high for the year is 103'5. ‘The yield at present prices is 7 per cent. 75,000,000 Treasury Offering. Secretary Mellon has announced that the Treasury will sell $75,000,000 of 91-day Treasury bills to the highest bidder on Friday, November 6. ‘The bills, which will be dated Novem- ber 9, will mature next February 8 and be redeemed at face value. The issue will be used to meet the maturity on Npvember 9 of $60,000,000 in 91-day bills and provide money needed by the ‘Treasury. E The interest rate will determine in the mipds of some who use the bill rate as a barometer of money conditions whether the low rate of the last issue indicated a definite easing of money or whether it wag merely a flash in the E:n and that firm money rates are to continued. b ad Farm Loan Bonds Analyzed. Wagaman, Brawner & Co., Inc., are distributing an asalysis of Federal farm Joan bonds among their clients. The analysis shows the bonds are legal investments for trust funds in the Dis- trict and for savings banks in most States. Although farm loan bonds have moved up on an average of about 6 ints since the extreme low quota- mm of about a month ago, it is in- per cent teresting to note that at present prices | they yleld about 5% per cent. ‘Washington Clearing House figures for today: $3,616,971.65. Credit Work Ts Advaneing. George M. Reynolds, chairman of the Nationa¥ Credit Corporation, said in Chicago today that the assoclation will be ready to make loans in a few days. All the subscriptions will be in but there will be sufficient funds to start doing business, he declared Results of the Credit Corporation's tivities have already appeared, he added, hoarding has ceased to some ex- tent while money is beginning to be returned to the banks Washington tmnkers, who keep in close touch with financial matters all cver the country, sald teday they con- sidered there had been a marked im- provement in sentimemt in the past 10 day. Local brokers are also more cheer- ful over the outlook. Gleaned in Financial District. Officials o the Riggs National Bank in the main office today were all seated at new desks, the old “roll-tops” having disappeared over Sund; The redec- oration of the interior of the bank has also been completed The Washington Bank Women's Club has figures showing that there are to- day 47.185 women employed in Ameri- can banks nd trust companies, an increase of 9 over the number in 1926. Of this total not less than 3,600 women occupy official and executive positions ing from president down through the various official grades. A noteworthy development is the increas- ing number of women assigned as trust officers and assistants New Directors Named. BALTIMORE, Nc ~—Stockholders Ce. at their any named 10 new di to fill vacancies Howard Bruce. and chief executive officer of the Balti- .. Henry Thomas, vice- he Baltimore Trust Co. e president of the vember 2 (Special) e Davison Chemical meeting Saturday tors to the board hose named were president a Ww. O. Pi Union Tr fen Stein of Stein | & Bros. & Boyee »st_Boyce of Stein E. Triede of the Baltimore Mail Steamship Co., Herbert A Wagner ident of the Consoli- dated Gas Electric Light & Power Co. Thomas Robbins of London, England Arthur C. Levering -of s o , McK! Chicago. insey of of the board re- elligan, Waldo New- ctt. C. Wilbur . A. C#Reed of Earl of Denhigh, Lon- Le Doux and W. Savannah don: A D Card NEW YORK BANK STOCKS NEW YORK, November 2 () —Over- the-counter market Trust Companies Bankers Brookiyn Chem Bk & Manutaciurers New York Am Georgetown | the list without | of October, | 866,000 i the end of Sep-| index | not | chairman of the board | the Mercantile | Mil- | H. Mec-| ANbitib] Pwr & Paper Abitibi Pwr&Pap pf. Adams Express (1). Adams Miilts (2), Addressograph (1), AMliated Prod 1.60. . Atr Reduction (4% ) Alaska Junemu (40¢) Aliegany Corp...... [ Alleg Cp pf 210 w 60 20 Aliiance Reaity 180% Allled ChkDye (nf) | a2 Allis-Chaimers (1) | 22 Amerada Corp (2 | 2o Am AR Cham(De | o2 Am Bank Note (13) 28 Am Brake Shoe(2.40. 124% Am Brake 8hpf (7). 120% Am Can Co (15) | 152 Am Can Co vt (1).., AR Am Car & Fary (1), G Am Car & Fay pf (7) LLEN Am Chicle (13), 214 Am Colorty 1405 Am Comel Alc 230 Am European See: A% Am & For Power. 100 Am & For Pwr pf( 6 Am Flome Prod 4.20. bl AmTce (2)....... 26 Am International . 308 Am Locomotive (1). 43N Am Mch & Fdy 1.40. 23 Am Metal Co . 801y Am Metals pf . . ) | 30m Am Natural Gas of. . | o4 Am Pwr & Lt (11).. | 102 Am Pwr & Lt of (8). | %5 Am P&L! of A at(5). 2114 Am Radiator (§0c) .. Am Republic: Am Rolling Mill Am Safety Razor (5) Am Smite&Ref (1%) Am Solv & Chemical. Am Solv & Chem pf. Am Steel Found (1) Am Sugar Ref (5) Am Sumatra Tob. Am Tel & Telex (3 Am Tobsceo (16) ... Am Tobaéco B (16 Am Tobacen pf (6) .. Am Water Wks (3).. Am Wat Wk efs(3). Am Woolen Co. Am Woolen Co pf. Am Zinc & Lead. Am Zine & Lead pf.. Anaconda Copper . Anchor Cap (2.40) Archer-Daniels (1).. Armour of Del of (T) Armour of Il (A)... Armour of Tl (B). .. Armour of I pf.... Associated Apparel. Associated Dry G(1) Asso D G 18t pf (6), Atch To&S Fe (10) Atch To&S Fe pf ( At] Gulf&West Ind.. Atl GuIf&W 1 pf (5). Atiantic Refining (1) Atlas Powder (4) Atlas Powder pf (8). Auburn Auto (£4)... Autosales. .. 215 Aviation Corn ( 6% Baldwin Locomotive 28 Balto& Ohlo 4). . 9915 Ramberger f (6%5). 26 -Bang & Aroos (3%) 4% Barnsdall Corp'n. . .. 66 Bayuk Cig 15t pf (1) 37 Beatrice Cream (4).. 9314 Beatrice Crm pf(7).. 3714 Beech-Nut Pkg (3).. Belg N R pt pf +4.81, Bendix Aviation (1). Best & Co (2) Bethlehem Ste Blumenthal pt (7)... Bohn Alumn (1%). Ron Aml (A) (15). Booth Fish 1st pf. Borden Co (k3) Borg Warner (1) Briggs Mfg (11%) Brockway Mot Trk.. Brockway Mot Tr pf Bklyn-Man Tran (4) Bklyn Union Gas (5) Brown Shoe pf (7) Brunsw-Balk Bruns Term & Rwy Bucyrus-Erie. .. Bucyrus-Trie ev pf.. Budd Wheel (1)..... Burrough A M(t1 Bush Terminal(214) Bush Term deb (7). Butte Copper & Zine. Butte & Superior.... Byers (A M) 10% Calif PAcking (2). .. 74 Camp W&C Fdy (1). 14 CanadaDry G A (3).. 11 Canadian Pacific 1% . 17% Cannon Mills (1.60). 5% Capital Admin (A).. 31 Case (J 1) Co 115 Caterpillar Tr 2% Celotex Co ’ 82 Cen{ RROfNJ..... 50 Century Rib M pf(7) 97 Cerro de Pasco (1).. 21 Certain-teed Prod... 11 Certain-Teed pf. 314 Checker Cab Mrig. 2315 Ches & Ohio (2% ). 141 Chesapeake Corp(3). 315 Chi Great Western 2 Chi Mil StP & Pac... Chi M1l StP & Pac of. Chi & Northwest (4) Chi&N W pf (7). ... Chicago R 1&Pacific. Childs Company . . Chrysler Corp (1) . City Ice&Fuel (3.60) City Store . Cluett-Pea Coca-Cola (17%).... Colgate-Pal-P (23%). Collins & Alkman, .. Colo Fuel & Iron..... Columb G & E (1%). Columb Carbon (4).. Comm Credit (1.60) Comel Cred 1st(6%). Comel Inv Trust (2). Comel Solvents 1) . Comwlth & Sou(30¢) Congolm: Congress Cigar (1).. Con Cgr pr pf xw 6% Conn Ry&Lt (4%) Consol Film. onsol Film pf Consol G Y (4).. Consol Gas NY pf(5) Consol Textile...... Contl Baking (A). Contl Baking (B). Cont] Baking pf (3). Contl Can (2%)..... Cont Diamond F Cont Insur (2.40). Contl Motors Contl Of1 (Del) Contl Shares. | Corn Products (3) Coty Ine. | Cream of Wheat 1234 | 63 22 Crucible Steel. i 5 Crucible Steel p | 2 Cuban-Am Sugar. Cudahy Packing (4). Curtiss Wright | 21 Curtis Wright (A) Cushmans pf (7). { | R0% i 1 o aa, 4hw g 2% 18 72 % 2 47 2% 29% 98 203 108% 39 534 23% 54 997 295 21 64 270 871 107 66% 141 90 81 11 4 62 R0% 2514 46\ T08% 8215 43 66 | Davison Cnemic Deere & Co pf (1.40), Delaware & Hud (9). Del Lack & Wn (2).. | 9 Denver & RG W pf.. Detroit Edison (8).. Diamond Mateh (1) Dome Mines (1). Domn Stores (1.20). Doug Alrcraft(t1x% Dresser M{g A (3%) Drug Corp (§)...... Dupont de Nem (4).. Du Pont de N pf(§). Eastern Roll Mills Eastman Kodak (18) T Eaton Axle & Spr(1) 35'5 Ettington-Schild pf.. 20 Elee Auto Lite (4).. 98 1% Electric Boat. 213 Elec&Musical I 16% Elec Pwr & Lt (1)... 55 Elec Pwr & Lt pf(s). 29 ec Storage Bat (4) 30 Kndicott-Johnson(3) 213 Eng Pub Sve (1.60).. 184 Equit Office Bidg 2% 10% Erie RR. 131 Erie RR 1st pf (4)... ans Auto Prod 5 Fairbanks-Morse. .. 4's Fashion Park As pf 181, 2% Federal Screw Wks.. 30 64 Fed Wat Sve A€1.30) 3%a 13 Fed Dept Strs (350). 124% 106 184 1858 21% 108 x 103 2 108 60n 15 1 1 19 1 18 1 3 24 2 B - ~RnumRnanusi~aaRuanae’ 166705 140% 89 90%, 14 3% 3004 At 26 a3 16% 204 134 34 1% 224 11 FA 9 23% 9914 29 6% 66 46'% 924 +2% 118 4% — 314 + 5% 1y " " % 6814 144 441y 26 2 11 17% 1% 9% 80 17 81 19 4 27 ™ 52 Firs 494, 1 Fisk Fisk Ru iy 2 ‘ Foster Wheeler (1). 5 16 “ Natl 8 Fourth Nat Inv mése 5 i +Am Investors. .. 1 . Am Tank Car( 2 +8% fgar (4) gar pf (7 Flectric (1.60).. Blec spec (60c).. 0d Corp (3).. s&El A (e30c) en Gas&E ev pe(8) en Mills (3).. n Mills pf (6). en Motors (3) en Motors pf (5)... ien Prig Ink (214).. en Public Service. . Gllletts Saf Ragor. ., Gillatte Saf R pf (6). Gimbel Bros Glidden Co. ... Gobel (Adolf). Gold Dust (2%4). Goodrich (B F)..... rodyear T & R (3). Silk ITostery rant (W T) (1). reat Northn pf(4 eat Wn Sug pf (1) ixshy Gruno Hacken Wat pf A 1% Hahn Dept Stores, .. Hahn Dpt St pf(6%) Hall (WF) (120)... Harb & Walker (1).. Hayes Body Corp Hercules Mot (80c). Hershey Choe pf (15) Holland Furn (12%) Homestake M (7.80). Houston Ol. .. Houston Oil (new) Hudson &gMan (3% ) Hudson Motor (1). 1314 3 Hupp Moto B 8! 38% 21% 181 1 31 67% 18% 35 1% 1% 21 45 26 % 4 1% 92 17 224 10 19 T 20 10 9% 615 25% 42 18 18% 10 % % 15% 24 11inofs Central. linois Cent 11 (4) Indian Motor Cycle. . indian Refining .... Indust Rayon (4) Ingersoll Rand (4 Inland Steel'(2) Interboro Rap Trans Interlake Iron. In. Agricuiture. ... . Int Bus Machine(n§) Int Cerpent (4)..... Int Harvester (2%). Int Hydro El A (e2). Int Match pf (4).... Int Nick of Can(40¢) Int Nick Can pf (1) Int Paper pf.. Int Paper & Pwr (B) Int Paper & Pwr pf.. Int Printing 1nk... int Salt (3).. Int Shoe (3 Int Stlver. Int Tel & Tel (1). Tat Dept Stores (2) Intertype Corp. . Iowa Central R Island Creek Coal(4) Jewel Tea (4). . P 803 29 Johns-Manville (3).. 126 1281 115% 18 24% 3% 26 29% 15% 60 313 70 29% 55 214 35+ 18 8% 30 61 69% 4% 91% 146 194 5% 26 58t 16% 105 99 1% 8 8% 5% 34 6 20 10% 15 19 334 5ly 18 40 6% 34 18 17 1815 40 123 16 15 15% 27% % 2% 15% 53 s 9% 12! 1% 1ig 13% 19% 69 4 20 3% Johns-Manv pt (7). Jones & Lauzh pf(7) KKC P&L 15t pf B(6) K'mann Dept Strs( ser (J) & Co (1). Kelly-Spring Tire Kelly-Spr T 8% pf. Kelsey-Hayes Whei Kelvinator Corp. Kendall Co pf (6). Kennecott Copper(1) Kinney (G R) Co pf. Kresge (S S) (1.60). iCress (SH) Co (j1). Kreuger & Toll 1.61). Kroger Grocery (1). (3) Leh Port Cement. ... Lehigh Valley Coal. . Leh Val Coal pf (3). Lehigh Valley R R «ehman Corp (3) Lehn & Fink (3). Ligg & Myers B (15) Ligg & Myers pf (7). Lily Tulip Cup(1%) . Lima Locomot (m2). Liquid Carbonic (2). Loew's Inc (3) . Loew’s Inc pf (6% Loft Ine. 4 Loose-Wiles (13). Lorrillard (P) Co Nashville(5). McCrory Strs A ( McKeesport T P (4). Mckesson & Rob (1) McLellan Stores. MackTrucks (2). Macy (RH)& Co(n3). Madison Sq Garden. . ManhatElev mod gtd Maracaibo Oil Exp. . Marine Midld (1.20) Marlin-Rockwell ( Marmon Motor Car. . Marshall Fleld (214) Mathieson AIKilf (2) May Dept Strs (2%) Miam! Copp 54 Mid Continent Petm. Midland Steel (3) Midland Steel pf (3) Minne & Hon Reg (3 Minn Moline Pow Minne-Moline P pf S Marie Texas Missouri Pacific. ... Missour! Pac pf (5). Mohawk Carpet nsanto Chem Montgomery Ward. . Mother Lode. ... Motor Meter G & PRE e 0)... Nat Cash Reg A 1%, Nat Dairy (2.60).. Nat Dist Prod (2). N m & Star Nat Pwr & Lt % ' upply urety Newton N Y Central (4) N Y Chicago & St L YChi&S Y Inmve: ‘e \ H & Hart (4).. NH&H pf (7). Ont & Western Shipbuilding N Y Steam pf (§). Noranda Mines. Norf & Westn (112), North Am Aviation Nor Amer(bl0 North Amer Northern F or Ger Lioyd m Norwalk Tire & Rub. Onto Ot 9% Qjiver Farm Equip 2 OlivEarm Eq pr 2 11 Orpheum Cire 4 Otis Elevator (233) 25 Otis Steel. & s, . “ &9 18 OtisSteelprpf.... . - pettoael ARALALELEN ol (Continued on Page 16) “ | by | Activity Remains Small, but| Many Issues Score Higher Marks. BY GEORGE T. HUGHES. | | { | Special Dispatch to The Star NEW YORK, November 2.—Respond- | 1 ing to the budget of good news over the | week end. today’s stock market worked | slowly higher. Activity was still on a | small scale and there were no large advances. Nevertheless, the feeling in | | the Street was distinctly more apti- mistic ! The two groups which were most fa- | vored from the start were the stocks representing corporations doing busi- ness with the farmer and the oil shares It was, of course, the continued ad- vance in wheat which brought buying into the agricultural list, as it was the rising prices for crude oil in the South- | west which benefited the oil shares. Under the former classification Interna- tional Harvester, J. I. Case and Sears. Roebuck were actively bought. The oils were represented by Standard of New Jersey and a long list of the very low- priced iasues. Oils Popular, Enthusiasm for the ofls was tempered the action of the Socony-Vacuum | directors in declaring a dividend of 25| cents a share, against 40 cents paid in the previous quarter. The stock, how- ever, did not sell off, as indeed there was no reason why it should, inasmuch as the price had discounted some re- | duction, and even at the market the | yield on the new rate was still between 6'; and 7 per cent. Standard Oil of New Jersey declared the usual 25 cents extra and the regular 25 cents quartexly dividend. There had been no suggestion of a change here and the stock sold at a new high on the recovery. It Is so long since the ofls have had any claim on_speculative attention that it is not surprising the gains were modest. Elsewhere in the list American Tele- phone & Telegraph, North American Co., American Water Works and other utilities showed an_upward trend, with Electric Power & Light, however, still under the influence of the offer of new stock. Food stocks were strong, led by National Biscuit. Columbian Carbon | was the star performer in the chemical group. Loew's was slow to respond to its excellent earnings ~statement. but that was characteristic of the market. Speculators for the rise have taken too much punishment this year to be over-aggressive now. , The railroad shares did not make so | good a showing. New York Central was distinctly heavy, reflecting uncer- tainty about the next diyidend. Inter- est in the wage situation was just as great as ever, but confidence was lack- ing as to the outcome of the negotia- tions between the executives and the brotherhoods. In the other markets the feature was the weakness in sterling exchange, off T, cents by noon. The explanation advanced was imports into Great Britain in anticipation of tariff action. also, withdrawal of support to the pound during the re- cent election campaign was a factor in the weakness. Opening Ts Higher. The market opened active and higher. | The week end rise in_commodities, such as oil and wheat, had a cheer- ing effect on the Street before today's | opening. The California oil output; decline, improved sentiment in steel trade, unchanged commodity weekly averages, the zaln in Canadian car- loadings’ and discussions of wage re- ductions by Dominion union rail work- ers also were regarded as constructive. The London Stock Exchange was closed because of a holiday, but sterling here opened at $3.77':, off 51 cents. U. S. Steel, at 677, was up Js. Gen- eral Motors, at 267, rose 1:. Standard Oil of New Jersey, at 35, gained 4. General Electric, at 307, and West- inghouse, at 461, were each up %. Sears-Roebuck, at 43%, showed a gain %, and Montgomery Ward, at 127 was Up 3. Stimulated by the advance | E. H. Rollins & Sons INCORPORATED Announce the removal of their office from 624 Southern Bldg. 412 Kellogg Bldg First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. Money on Hand to Loan on First Deed of Trust 6 Interest : Reasonable Commission and Prempt Replies to Applicztions JAMES F. SHEA 643 Indiana Ave. N.W. v D Seaboard Public Service Company® The Board of Directors has declared the following regular quarterly dividend Par Preferred Stock 11, Rate: $1.50 payable on December 1, 1931, to stockholders of record at the close of business, November 10, 1931, L. W. Van Bibber, Treasurer. : A part of the M:JJI; West U The Ideal Investment First Mortgage SECURITIES Steady Remember these non - fluctuating in- Yield of vestments are secured on income - Broduc. fie propertier here in the Nation's Capital. Put your e doilars to work, Faine | % “with Denominations at fow as $100 send Tobtokiel " The Sutcess Fran REAL ESTATE MORTGAGE & GUARANTY CORPORATION safety. 1610 K St. N.W. National 1403 s Syst were all fractionally higher, Business Notes NEW YORK, November 2.-The de- cline in demand for ready-to-wear in the New York markets last week, caused by the continuance of warm weather, | was offset by volume orders on prac- tical gift VN‘|‘nS>('( all types for the holi- day trade. Linens ab popular prices and home furnishings were very active. Retatlers also showed some disposition to plan for January promotions. While coal business was reported slower, some demand was felt for tter grade fur stylés and for fur jackets. The American Exporters and Import- ers’ Association plans to introduce at the next session of Congress a bill au- thorizing and requesting the President to negotiate treaties’ with foreign coun- tries providing for mutual concessions in tariff dutles for the promotion of reciprocal trade. The proposed bill re- cites that many foreign countries have prohibitory duties against United States products and that under present condi- tions payment, for United States exports must be made in merchandise rather than in money. A national ad®ertising campaign of canned foods, sponsored Qhy National Canners' Association, will start during the week, the money to finance the campaign has been made available through the assistance of the principal tinplate manufacturers and canning companies, Plans aimed at the stimulation of consumer Christmas tree trade have been formulated and it is understood that definite announcement of the scope of the promotional means to be employed will be made within a few days, The sales promotion disyision of the National Retail Dry Goods Associa- tion has been working on the problems involved and will submit & series of recommendations involving advertising, radio and store display publicity. i FoS “The Thompson Indians of British Co- lumbia thought-that a magician could bewitch them most easily when they were eating, drinking or smoking, hence they avoided doing any of these in the presence of an unknown magician, REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD invited on dwelll Money to Loan terest and Weller &o» TSRS Y S TS, ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. and Indiana Ave. N.W. 67th Series of Stock Now Open for Subseription 59%, INTEREST PAID ON STOCK James E Connelly, James F. Shea, President Secretary For Investment FEDERAL FARM LOAN BONDS Exempt from Federal and Local Taxe: 95 Legal for Trust Funds in D. C. Circular on request Waggaman, Brawner & Co., Inc. Investment Bankers 1700 Eye St. ME. 3860 i at 3435 and Texas Corporation at 19%, | §i| ON D. C. PROPERTY ON MOST ADVANTA- GEOUS TERMS FOR Refinancing or Purchasing 6% Interest . .. No Re- newals, No Commissions Charged. Ask Us for De- tails of Our Loan Plan. * Open Daily, 9 to § Saturdays Until Noon NAtional 1381 [NATIONAL| (PERMANENT} 949 NINTH ST., NW. UNDER SUPERVISION OF U ST /85,000,000 Users of Electricity Electricity is an indispensable household aid, supplied with un- failing regularity to 20,360,000 wired homea. In the first eight months of this year, twenty-nine great life in- surance companies invested more in public utility bonds than dur- ing the whole year 1930—reflect- ing the investment faver im Bonds of companies compris- ing the Associated Gas & Elec- tric Syatem offer acknowledged security at attractive yields. Telephone BOwling Green 9-6070 or write for Folder L 5 —— New ¥ork If you contemplate the purchase of.a home, refinancing present in- {lebtedneu or improv- ing property, consult us. Applications will LOANS ON REAL ESTATE OR TO TAKE UP MORTCAGE courteous attention, Repayable Monthly No Brokerage . . . No Commissions X TR AT We Give Property Management Personal Attention LL the annoyance of attention to the many pet- plexing details that are constantly‘arising in con- nedtion with the management of apartment house, office building, residential or business properties can be obviated by placing us in charge. Our. management service is rendered with experi- enced judgment—giving constant supervision, PROMPT remittance the INVARIABLE rule of this office RANDALL H. HAGNER & COMPANY MORTGAGE LoAN CoRREsSPONDEN™T 1321 Connecticut Ave. TN B Decatur 3600 * Open Until 5:30 P.M. Tndnx Federal Protection for Those Utilizing the Trust Service of a National Bank The Trust Dept. of The Meétro- politan Bank, as well as all our other departments, is under Gov- ernment supervision—Federal ex- aminers going over all accounts and dealings, periodically. SIn the preparation of Your Will, or a Trust or Custodian Agreement, have your attorney name this bank as Executor or Trustee, either sole etropolitan or jointly, with such person as you BANK & jofi Fifteenth Street, Opposite U. S. Treasury National EIRST MORTGAGES AN INVESTMENT THAT IS STABLE There is nothing of the speculative nature about our 6% FIRST MORTGAGES —therefore, they commend them- selves to those who want an invest- ment for investment’s sake—with an income which can be reckoned upon definitely—and with conservatively appraised improved Washington real estate safetying the principal. Over @ Third of -a Century Without a May be purchased in amounts from $250 up—and upon our con- venient Partial Payment Plan if you wish. Vational 2100 Loss SAUL CO. 925 15th St. N.W. | | |4 receive prompt and Il il it THERE I S NO SUBSTITUTE FOR SAFETY || for Real Estate Loans The Metropolitan Life Insurance Company Loan Plan. Mortgage Loans available to the large or small borrower on approved property in the District of Columbia and nearby Maryland and Virginia. 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