Evening Star Newspaper, November 24, 1931, Page 13

FINANCIAL. THE EVENING STAR., WASHINGTON, D. (. TUESDAY, ?\'O"EMBER‘ 24, 1931. &P WILLEIPAN PHONE FAGLITES Company Appropriates More Than $200,000 for In- creasing Services. BY EDWARD C. STONE. Tnstallation of additional dial equip- | ment and associated apparatus in the District, Metrepolitan and National central offices to provide service for| 1.800 new telephone lines is included in the appropriation of $219.770 author- ized by the board of directors of the Chesapeake & Po- mac_Telephone Co. at its regular monthly meeting held today This appropria- | tion brings the total amount au- thorized for addi- | tions and bett ments to the tele- phone system in Washington so far ! this year to $3.-] 448,115, according %0 John A. Remon, general manager of | ghe company. Other projects to provide additional facilities for telephone growth in Wash- ngton_1include construction of under- ground condult in the Cleveland-Ei son central office area along W avenue and Thirty-seventh stri ‘tween Edmunds street and Tunlaw road and in the Georgia central office area on | Georgia avenue between Butternut and | Flder streets and along Peabody street between Georgia avenue and Fifth| street. Installation of public coin box equipment in the new Department of | Commerce Building is also provided for. | Jones to Address Trust Men. Frank L. Jones, vice president of the | Equitable Life Assurance Society of New York, will address a joint dinner meeting of the District Life writers Association and the, Fid Section of the District Bankers clation, at the Willard Hotel, Saturd | December 5. Mr. Jones has enj s brilliant life insurance career during the past 28 years. Previously he served two terms as state superintendent of public instruction in Indiana and de- clined a coll?e presidency to enter the insurance field. He was one of the prime movers in the plans for the American College of Life Underwriters, He was president of the National Association of Life Under- Frank L. Jones. writers in 1925-1926. For two years he has been chairman of the executive board of the Life Insurance Sales Re- search Bureau of Hartford, Conn. In October of this year, at the meet- in Chicago of the Association of Life Agency Officers, he, as chairman of a special committee appointed by that association, made a report on plans to prevent “twisting.” The report included s plan to prevent this evil. The plan has been accepted and signed by a sub- stantial number of leading companies. Additional’ acceptances are being re- eeived. Bankers Honor Late Executives. At a special meeting of the District Bankers’ Association, held late yester- day with C. H. Pope presiding, resolu- tions were adopted on the deaths of John B. Larner, Joseph Schiavone and Edward J. McQuade. The Larner resolutjons were pre- pared by Corcoran Thom, Harry G. Meem and John Poole. “As a banker. Mr. Larner was broad-minded, forceful and courageous and followed the fundamental rules of safe banking,” the tribute sald. “He was of a public- spirited nature and few men have given to their city as much of their time and energy as did Mr. Larner. He carried into his private life the same high prin- ciples which actuated all his move- ments in professional, business- and civic career.” ‘The M e resolutions were pre- pared by Thomas W. Littlepage, M. F. Calnan and Howard Moran. At one point the resolutions said: “He was un- usually thorough in all of his work, and his knowledge of banking details, legal ‘matters, general affairs and policies was often a source of wonder to those most intimately -associated with him.” The Schiavone resolutions drafted by H. L. Offutt, jr.. George O. Vass and ¥. P. H. Siddons, expressed the deep regret of every member of the associa- tion in the passing of an esteemed friend and extended sympathy to his family and his bank associates. Placed on I. B. A. Committee. Carl R. Kurtz of Stroud, Kurtz & Co.. Transportation Building, has been appointed to the Business Conduct Committee of the Southeastern group of the Investment Bankers' Associa- tion of America. The appointment fol- lows the annual meeting of the asso- ciation held a few days ago at White | Sulphur Springs, W. Va. and is con- sidered a high honor among invest- ment_bankers. Mr. Kurtz has been in the investment business in Washing- ton for several years. Today's Trading on Exchange. “Trading on the Washington Stock Ex- ! change today was confined wholly to | the bond division. The market opened with one $800 and two $200 sales in | ‘Washington Gas 6¢. series B. changing hands at 10214, practically the same as the last sale. ‘The next sale was a $£1.000 transaction in Washington Railway & Electric 4s at 8615, fractionally above the last pre- vious sale. A small transaction was re- corded in Washington Gas Light s, | serfes A. at par and '», unchanged from | the closing price last week. Financial District Notes. Potomac Electric Power atocks and Washington Electric preferred and commor their regular dividends on Decemby The books are already closed for Ppayments. Local bankers consider the repor‘s very important that seven banks ian| Maryland and three in Obio reopencd | their doors for business last week. It is believed here that banking conditions | in the rest of the country are showing considerable_impromevent. Professor Irving Fisher, in radio ad- | dress, savs business depression is m- | bling in the balance.” with upward trend in near future almost certain Pennsylvania Railroad has used more than 2.000 of the 8800 suggestions for improved service submitted by emploves to its Bureau of New Ideas since its inception four years ago The Irving Trust Co. has declared the regularly quarterly dividend of 40 cents per share, payable January 1, 1932 stockholders of record on Decem 1931. . Led by a small number of important commodities. the wholesale price index of the National Fertilizer Association for the week ended November 21 ad- vanced one fractional point. NEW YORK BANK STOCKS NEW YORK. November 24 Over-the-counter market. ).~ Bid. Asked 34 36 *hase s 46 2815 30 hat Phenix ‘ %\mnvrtul Natl . 176 merica rat Natl N Y . 2400 BRREE B ety (i aeeesaneonros 46 Natl Gty ublic ...l ing. 2 fanufacturers York NEW YORK STOCK EXCHANGE Received by Private Wire Direct 1o The Star Office. Stocks sold in 100-share lots except those desigmated by letter it 1815 295% 6% 109 2 1319 24 TRY 31— Low. Dividend Rate Stock and 214 Abitibl Pwr & Paper, 5 Abitibl Pwr&Pap pf. Adams Express (1).. Addressograph (1), Affilinted Prod 1.60. . 5 Air Reduotion(t414). Alaska Juneau (40c) Allezany Corp...... Allegz Cp pf $30 ww., Allled Ch&Dye (né) . Allfed Ch&Dye pf(7) Allis-Chalmers (1).. Alpha Port Cemt (1) Amerada Corp (2)... Am Am Agr! Chem(Del) . Rank Note (13)., Reet Sugar...... Brake Shoe (2 40. Brake Sh pf (7). Can Co (5)..... Car & Fary (1).. “omel Alcohol. . m Furopean Secur. & For Power. ... & For Pwr pf (7). & For Pwr 2d nf. Iome Prod 4.20. nTce (2).. Ar Am Am Am Am Am Am Am Am Am § Am Am Am Am Am Am Am Am Am Am International. TLocomotive (1). Lo'motive pt (7) Mch & Fdy 1.40.. Mach & Metals. . Metal Co | Natural Gas pf.. News (1334).... Pwr & Lt (1) Pwr & Lt of (6).. PRIt pf A <t(5). Radiator (§0c).. ling Mills. ... afety Razor (5) hipbuilding (5) Smitz&Ref (1%) nuft (+3%).... Solv & Chemical. Solv & Chem pf.. Steel Foundry Sumatra Tob Tel & Telex ( Tobacco (16) Tobacco B (1! ‘Woolen Co. . Woolen Co pf. Zinc & Lead. Anaconda Copper. ... Anaconda Wire & C., Anchor Cap (2.40)... Archer-Danfels (1).. Armour of Del pf (7) Armour of 111 (A)... Armour of 11l (B)... & Associated Apparel., Associated Dry G(1) 3 Atch To&S Fe (10).. Atch To&S prf(5), Atl Coast Line (4). .- Atlantic Refining (1) Atlas Powder pf (6). Atlas Stores (1)..... 8415 Auburn'Auto (£4)... 215 Aviation Corp (Del). 6% Baldwin Locomotive Baldwin Loco pf (1) Balto & Oh1o 4). . Balto & Ohlo pf (4).. Bamberger pf (6%). Barnsdall Corp'n. ... Beatrice Cream (4).. Belding-Hemingway. Bendix Aviation (1). 75 37 9% 15 8% 215 31 6714 2% 10 15¢ 10 1 15 14% Chesapeake 314 Chi Great Wi 12 2 3% a 25 % 10 26 65 48 4 22 50% Best & Co (2) Bethleham St 1), Bethlehem Stl pf (1) Bohn Alumn (1%)... Borden Co (k8) Borg Warner (1 Boston & Maine Briges Mfg (11% Brockway Mot Tr pf. Bklyn-Man Tran (4) Bkiyn-Man Tr pf (6) Bruns Term & Rwys. Bugyrus-Erle 434 Budd Wheel ( Burrough A M(t1 Bush Terminal(2%) . Bush Term deb (7)., (AM)C California Packing 313 Calumet & Hecla 14 CanadaDry G A (3).. Canadian Pacific 1% . 33% Case (1) Co.. 114 Caterpillar Trac (2). 2% Celotex Co. Cent Aguirre (1% 214 Century Rib Mills. .. 97 Cerro de Pasco (1) 314 Checker Cab Mrfg... 2315 Ches & Ohlo (2%). Chi Chi orp(3). stern Great Westn pf.. M1l StP & Pac. .. Chi Mil StP & Pac pf. Chic & Chi Chi ‘Cht Northwsin. .. & Northwestn pf Pneu Tool. 5 Pneu Tool f. ... Chicago R 1&Pacific. Chi Chi R1& Pacpf (8). R 1& Pac pf (7). Childs Company...e Chr vsler Corp (1)... City Ice&Fuel (3.60) City Ice&Fuel pf 6% City ore Cluett-Peabdy pt ‘ocoa-Cola (18). . ‘ola (A) ( Colgate-Pal-P (2% Colg-Palm-P pf (6 Colo Fuel & Iron. ... Columb G & E (1%4) .. Col Gasé 2 ptA (6). mb Carbon (4). . ‘omm Credit (1.60).. om; Credpt (1%). ‘omcl Cred pf B(2). Comei Inv Trust (2). Comm Inv cvpf(e6). Comel Solvents (1).. Comwlth & Sou(30e) Comwlth&Sou pf (6) Conde Nast Pub (2) .. Congolm. Congress ¢ airn (1).. RAT (1).. onn RY&LY (4%4) onsol G onsol NY 4., NY pf(5) onsol Laundries(1) ‘ontainer Corp ontl BaKINg (A)..e ontl Baking (B) .. ontl Can (2%). Con’. Insur (2.40). Contl Motors. e & & Consol Textil o c & o Contl Oil (Del) ontl Shares..... orn Products (3) oty Inc rucible Steel. rucible Steel pf (7) uban-Am Sugar. ... ur ur & = C o & Cuba Cane Products. G o = & o 113 Publish (4) tis Publish pf (1) urtiss Wrignt urtis Wright Cushmans pf (8) ler Hammes 1son Chen; Deere & Co pf (1.40). Delaware & Hud (9). Del Lack & Wn (2).. Denver & RG W pf.. Devoe & R 15t pf (7) Diamond Match (1). Dome Mines (1)..... Domn Stores (1.20).. Drug Corp (4). . Dy Dupont de Nem (4)., Pont de N pf(§). Astman Kodak (18) lastman Kod pf (6). aton Axle & Spr(l1). itington-Schild pf.. lec Auto Lite (4) ctric Boat. . lec&Musical Instru lec Pwr & Lt (1)... lec Pwr & Lt pf(6). e Pwr&Lt pf (7). ‘ec Storage Bat (4) 1k Horn Coal ng Pub Sve pf (6).. quit Otfice Bldg 2% rie R 1st pf (4) ureka Vac Cleaner. 53% Kairbanks M pf (7). 47s Fashion Park As pf. Fed L& Tr ($1%).. Fed Lt & Trac pf (6) Fed Mine&Smeltg pf. Fed Water Fid Ph Fir rvice A n(2.60). Firestone T&R pf(6) r First Natl Strsg2% ) Fisk Rubber. . k Rubber 1 f.. Kk Rub 18t p! ony Follonsbee Bros, 3 8 Sates— Add 00 5 1 FrnupmmancnRanaliaamuanannean 3R a0~ - wnZewaRraned AR - T H wraZanrnunn2Rpnn o3 wnianax ORI - P - ISP~ Ed 3 B 5 208 608 3 1 25 32 Net. ~—1931— High 6414 5% 42 54 8% 218 1 RO, 123 64 Stock and Dividend Rate. Foster-Wheeler Fourth Nat Inv mbse Fox Film (A) Low. Gamewell Gardner Motor. ..... Gen Am Tank Car(4) Gen Asphalt (2). Gen Baking (2) Gen Baking pf (8). Gen Cable pf. Gen Elec spec ( Gen Food Corp Gen Gas&El A (e20c) Gen Gas&El pf A(8). Gen Ital Ed El m2.61 Gen Mills (3).. en Motors (3) Gen Motors pf ( Gen Ry Signal (5)... Gen Realty & Utll. .. Gen Theatre Equip. . Gold Dust (23%). Goodrich (B F) Goodrich (B F) p Goodyear T& R (3 Gotham Silk Hoslery Graham-Paige. ..... Granby Con Min (1). Grand Silver Stores.. Grant (W T) (1).... Great Northn pf(4).. Great Northn Ore(2) Great Western Sug. . Great Wn Sug pf (1) rigsby Grunow, ates Steel Hahn Dept Stor Hahn Dpt St pf(6%) Hartman Corp (B) Hayes Body Corp. Hershey Choc (5). Holland Furn (12%) Homestake M (7.30). Houdaille Hershey lousehld Fin pf 4 Houston Oll..... Houston OIl (new).. Howe Sound (2). Hudson & Man (3%) Illinols Central Indian Refining Indust Rayon (4)... Ingersoll Rand (4) Inland Steel (2). Inspiration Copper, 4 Interboro Rap Tra Int Bus Machine(né) Int Cerpent (4) . Int Combustion. . ... Int Harvester (134) . Int Hydro El A (e2). Int Match pf (4). Int Nickel of Can Int i Int PAper & Pwr (B) Int Paper & Pwr C... Int Paper & Pwr pf.. Int Ry of CenAm pf Int Salt (3). 42 Int Shoe (3) 12% Int Tel & Tel (1 10 Iat Dept Stores (2).. 2 Investors Equity.... 261, Johns-Manville (3).. 99 Jones & Laugh pf(7) 27 kan City Sou pf (4). R % 5% 3a 6 Kelvinator Corp. 10% Kennecott Copper (1) 3% Kresge Dept Stores. Kresge (S 8) (1.60). Kreuger & Toll 1.61). Kroger Grocery (1). Laclede Gas (8). Lambert Co (3. Lane Bryant (1).. Lee Rubber & Tire Leh Port Cement. ... l.ehigh Yalley Coal. Lehigh ¥al Coal pf.. Lehigh Valley R R. Lehman Corp (3). % Lebn & Fink (3)..... Libbey Owens Glass. Ligg & Myers B (16) Link Belt (1.60)..... Liquid Carbonie (2). Toew's, Inc (14). Loft Inc.. Loose-Wil Lorrillard (P) Co.... Lou Gas&El A (1%). 2615 1ouisville & Nagh(4) 15 McAnd & Forbes (2). 17 McCall Corp (2% ) 20' McCrory Strs A (2). 55 McCrory Strs pf (6 13 McGraw Hill (1).... McKeesport T P (4). McKesson & Rob (1), McKes&Rob pf(3%4) McLellan Store MackTrucks (2). Macy (RH)& Co(n3 Magma Copper (1) Manati Sugar pf.. Maracaibo Oil Exp Marine Midld (1.20). Marlin-Rockwell (2) Marmon Motor Car.., Mathieson Alkili (2) May Dept Strs (234). Maytag Co 5 Maytag Co 15t pf (6) Maytag Co pf (3). Meivilie Shoe (2).... Met-Gold Pic pf 1.89, Miami Copper. . Mid Continent Petm. Midland Steel (3). Minn Moline Pow. ... Mo Kan & Texas... .. Mo Kan & Tex pf (7) * Missouri Pacific..... Missouri Pac pf (5).. Mohawk Carpet. Montgomery Ward.. Motor Meter G & El.. Motor Products (2).. Mullins Mfg. A Mullins Mfg pt ‘ Munsingwear Inc(2). Murray Corp. Nash Motors (2) Nat Acme Co. ... Nat Air Transport Nat Bella Hess Nat Biscuit (2.80). Nat Cash Reg A 1% .. Nat Dary (2.60) Nat Dept Stores Nat D rod (2). Nat Pwr & Lt (1).... Nat Radiator pf..... Nat Steel (2).. 4 Nat Surety (2). Nat Tea (1).. Nev Copper (80¢). Newport Industries Newton Steel..... N Y Central (4)..... N Y Chicago & StL.. Y Chi & StLpf.... N Y & Harlem (5)... N Y Inestors. 2 NY N H & Hart (4).. YNH&Hpt (7 N Y Shipbuilding. Noranda Mine V Norf & Westn (112). 313 North Am Aviation.. 26 Nor Amer(b10%stk) 191 Northern Pacific3).., 1; Norwalk Tire & Rub. Bts ON10 OlL. . 7 Orpheum Circuit pt. 2014 Otis Elevator (234). Pacific Gas & KI (2). Packard Motor (40c) 4« Par-Pub (b10% stk). Park Utah. . . Pathe Exchange. Patino Mines........ Peerless Motor Car.. Penney (J C) (2.40).. Penn Coal & Coke. .., Penna Railroad (2).. Peoples Gas(Chi) (8) Pere Marquette Ry. . Pere Marquette pr pt Pet Corp of Am (1)., Phelps Dodge Co... . Phila&Reading C & I Phillips-Jones pf (1) Philip Morris&Co(1) Phillips Petroleum. . Pierce-Arrow Pierce Of1 Pierce Oil of . 2% Bales— Add 00. 25 1 6 6 ® » FSramanwzal wenvan—voBen b e T I T T TU Y S ey 4508 308 14 2 1 16 Net. High. Low. Close. Chse. 121 2 265258 (Continued on Page 14) 10% 20 64 181 23 B 2 145 15% 104 17% 11 20 —1% — FETPSF iL Market | Haven, FIN A'NCIAL. wxs AL 13 STOGKS IRECULIR AS SHORTS COVER Displays Rallying’ Tendency, but Trading Continues Small. BY GEORGE T. HU ZHES, | Bpecial Dispatch to The Star. | NEW YORK, November 24 —Rallying tendencies developed in today's stock market, with gains not alone in the stocks that had been under pressure in the preceding sessions but in the general list. Without any change in the business background, stocks opened higher, pre- sumably because of short covering stim- ulated by the conviction that the list had been oversold and that some re- covery was in order. In addition there | were “favorable developments regarding & number of individual corporations which were reflected in the prices of the shares concerned, and the revela- tion that there was no considerahle amount of stock for le at current levels encouraged the cBvering process. Rail Stocks Rally. The announcement that Standard Oil of New Jersey would retire $30.000,000 par value of its bonds out of cash re- sources brought mew buying into the stock today, with a gain of over a point. General Rallway Signal ad- vanced nearly 5 points on the declara- tion of the regular $1.25 quarterly divi- dend, coupled with the statement that unfinished business on hand was greater than at the same time a vear ago. Glllette Safety Razor gained a point, perhaps because of the plan to revalue its capital stock, although there was no logical connection between that proposal and the show of strength. The railway stocks, after having made their usual quota of new lows in thé first hour, rallied on repurcha by bear operators. The best showing was made by New York Central, Ct apeake & Ohio and Atlantic Coast Line. The first hour's new lows included New Southern Pacific, Southern Rallway, Chicago & Northwestern, Rock Island end Louisville & Nashville. ! Hope of some compromise between the | brotherhoods and the railway execus | tives has net been abandoned, but trad- ing opinion remains pessimistic as to | the rails. Opening Is Higher. Gains predominated at the opening The rallroads stood out as the weak- est’ group. | Unlle; States Steel opened at 61, | up 1% points, American Can was up | 15 at 7414, Allied Chemical at 81 was | up 1%, A.'M. Byers Pipe at 167, was up 1% and J. I Case at 40 gained 1Y, "Alleghany Corporation at 3'i. | New Haven, whose directors meet for dividend actlon today, at 27's: South- ern Raflway at 12'4 and Chicago Rock Island at 14 were the first cf the ca riers to attain new low levels. New York Central and Pennsylvania firmed on their first few trades. Western Union was conspicuous for its weakness at 52'x, a decline of 2', points. American Telephone Tose ' to 131 and trifiing gains were scored by Consolidated Gas at 68'>; and United | Corporation at 12. General Motors | advanced 3% to 253 and du Pont was up ! at 58. General Electric gained | 15 at 2814, but Westinghouse lost % at 38 and Woolworth declined !> to 47. | \CONSTRUCTIVE MINING PROGRAM IS PLANNED By the Associated Press. Action looking toward the develop- ment of & constructive and progressive | program on behalf of the mining in- dustry is expected to be taken by mem- | bers of the American Mining Congress at their annual meeting here early next month. A preliminary canvass of the views of the Industry on the feasibility of a program has been made by the con- gress through a questionnaire which will be announced at that time. Tt will Blr‘:gn!e a wide range of activity, em- ing proposed clarification of the anti-trust Jaws, just and equitable tax- ation of minerals, tariff duties on min- eral products, and improvements in mine operating technique. From the labor end of the industry the congress will discuss increased pro- duction to absorb surplus labor or adoption of a shorter working week, and improvements of relations between capital and labor. Opposition to Gov- ernment invasion of private industr also has a place on the program, while co-operative relations between Govern- ment agencies and the mining industry. as well as the co-ordination of State and national associations dealing with mining problems, will also come up for discussion. : | Stock Yields. NEW YORK, November 24 (Special) —There were 211 listed stocks today selling to yield over 10 per cent. A high proportion of these issues were quoted | at prices that gave a return between | 15 and 20 per cent. Quite a number yielded over 30 per cent. Missouri-Kan- sas-Texas preferred gave a return of 35 per cent. Maytag preferred over 41 per cent, with the maximum vield that of !52 per cent on Frisco preferred. Such high yields ooviously signify an early cancellation of dividend payments. NEW SECURITIES. NEW YORK, November 24 (9).—New securities offered today include: Public_Service Co. of Colorado, $11.- 000,000 first morigage and refunding 6 r cent bonds, series “C."” due Novem- r 1, 1961, priced to yield about 6.70 per cent, by Halsey, Stuart & Co. U. s. TREASURY BALANCE. By the Associated Press. Treasury receipts for November 21 were $3.216,364.15, expenditures, $10.- $72.819.19; baiance, $166.971.571.51. Customs duties for 21 days of Novem- ber were $20,705,540.84. CLEARING HOUSE FIGURES. ‘Washington Clearing House figures for today, $3,316,438.51. SILVER QUOTATIOi‘I& NEW YORK, November 24 (#).—Bar silver quiet and 35 higher at 30'x. LOANS Is Your 1st. 2nd_or 3rd Trust Due? Mm- You Need Money? 3 . FRIEDMAN 416 5th st NAT. 4519 Money on Hand to Loan on First Deed of Trust 67 Interest Reasonable Commission and Prompt Replies to Applications JAMES F. SHEA 643 Indiana Ave. N.W. Money to Loan Secured by first deed of trust on real Prevailing Interest and commiss Joseph I. Weller £3%%h 6% Secured property in District of nearby Md. MORTGAGE Investment o residential and Coay; Columbia Montgomery N IN DENOMINATIONS OF $250 and BOSS & PHELPS Realtors upwards 117 K St NAtional 9300 Public Service Corporation of New Jersey Dividend N-. mon : Dividend No. %2 on 8% Cumulative Preferred Stock Dividend No. 36 on 7% Cumulative Preferred Stock Dividend No. 14 on $5.00 Cumulative Preferred Stock The Board of Directors of Public Service Corporation of New Jersey has declared dividends at the rate of 8% per annum on the 8% Cumulative Pre- ferred Stock, being $2.00 per share; at the rate of % per annum on the 7 Cum! ti Preferred Stoc eing $1.75 per share: at the rate of $5.00 per an num on the non par value imulative I erred Stock, being §1 per share, and 85 nts per share on the non par value Common Stock the_quarter ending December . 1. All divi- dends are pavable December 31, 1931, to stockholders of record at the close of husiness, December 1, 1931 Dividends on 6% Cumulative Pr; ferred Stock are payable on the fa day of each month. T. W. Van Middiesworth, Treasurer. % on Com- Public Service Electric and Gas Company Dividend No. 30 on 7% Cumulative Preferred Stock Dividend No. 2 on $5.00 Cumuilative Preferred Stock The Roard of Directors of Public Iice Fiectric and Gas Company has ared th regular quarterly dividend i 7% and 35,06 Lreferred Slock of that Company, Dividends ara payable December 31, 1931, to stockholders of record at the close of business Decem~ ber 1. 1931, T. W. Van Middlesworth, Treasurer. OFFICES IN SI CITIES EE how 44 cents a day builds from $2,000 to $5,400 for vacations, travel, retirement. Strictly non-speculative Investors Syndicate Plan paid clients $3,761,298.93 in past year. Send today for free ex- planatory booklet, “'Multi- plying Money." (A SELISTEN? 1o b et neders over N.B.C. con coast chain every Sunday at 245 P.M. Enster Standurd i 200,000 INVESTORS Send "MULTIPLYING MONEY"' to Neme... Address. .. INVESTORS SYNDICATE FOUNDED 1894 932 Bar Building ‘WASHINGTON, D. C. “elephone, Metropoliten 1879 MINNEAPOLIS - LOS ANGELES BOSTON F. B. KEECH & COMPANY ’ Members of New York Stock Exchance Washington Stock Exchange New York Curb Exchange Chicago Stock Fxchange Chicaco Board of Trade Liverpool Cotton Association, Ltd, New York Cotton Exchange New York Produce Exchane N Y. Coffee & Sugar Exchange, Inc. New York Cocoa Exchance, Inoy Minneapolis Chamber of Commerce New Orleans Cotton Exchange Winnipez Grain Exchange Rubber Exchange of 1. Y., Ine. New York Hide Exchange, Inc. National Met Bremen Cotton Exchanse (Assoc. M GRAINS Continuous Quotations by Ticker. Complete . information—: lver futures market. We are equipped to handle promptly orders on the leading exchanges of the world. H CORNER 17TH ST., N. 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Our fee is truly nominal. SAUL CO. Nat’l 2100 LOANS First Mortgage Funds' (three years or longer) 3% LOANS on residences and business buildings, in District of Columbia and nearby Maryland suburbs . . . Ample funds, lower interest, prompt approvals, valuable prepayment privi- leges—and the competent counsel of over forty years’ experience in this field. * H. L. Rust Company « EST ABLISHED 1889 = National 8100 that business .. , you suites available in the d TON™- Building, Opposite United States Treasury Your inspection of the desirable rooms and hed building ngu ‘hat eccupies the *world corner” will convince it is the logi I setting for your especinlly if accessibility to commercial and governmental activities and excellence of environment are of primary importance in the selection of your office space, Rentals are wniformly low. whether you re- quire ene room or an extensive suite. Your neighbors here are firms and individual® of outstanding prominence with whom you will be proud to share the distinct advantages of Washington's finest appointed office building. OFFICE SPACE Partitioned and Finished to Meet Your Requirements, EAVER BRO REALTORS- Mortsaze Loan Correspondent Metr B Tty @ PROPERTY