Evening Star Newspaper, January 15, 1932, Page 13

FINANCIAL. BROKERS’ LOANS SET || | 14-YEAR LOW MARK‘ ANNUITIES MAL AGE Drop to $-63,000000 Is Lowest" | Pays Nearly Send Date of Your Birth for Record Since Week of Feb- urary 1, 1918. NUARY 15, 1932 D. C, FRIDAY STOCKS IRREGULAR, WITH TRADING DULL Market Opens Lower, Then Reacts After Profit Taking. BY GEORGE T. HUGHES, | Special Dispatch to The Star. NEW YORK, January 15.—Prices on | the stock market today were reaction- ! | ary in dull trading. | There was a considerable volume of profit-taking in nearly all active stocks that have had good advances in the past three sessions. But the resistance Offered to the selling by such leaders a J. I Case, United States Steel, New. York Central and American Telephone showed that there was still good buying in the market, and that the bears were not inclined to press the decline too heavily ‘The market opened irregularly lower. Overnight developments were »Wl'.h()ul definite significance. The failure of the Federal Reserve BanR to cut its rediccount rate indicated that the bank | Traction Co. at the annual meeting does not intend to force a hasty policy | yesterday. The other officers elected TAR, WASHINGTON FINANCIAL FLEMING LECTED | NEW YORK STOCK EXCHANGE RIGGS PRESIDENT e Other Local Banks Also Choose Official Staffs for Coming Year. Traction Head DIRECTORS CHOOSE SAME OFFICIAL STAFF. 12% et Close Chre AT — % Stock and Dividend Rate. First Natl Strs (2%) 10 v % Fisk Rubber st pf.. 50s 85y T Florshelm (A) (1%) 1 64's 8 Foster-Wheeler..... 10 825 15% Fourth Nat Inv (1.10 $8% 213 Fox Film 75 60 Frank Sates— Add 00. full Annaities Information M. LEROY GOFF 1036 Woodward Building Nat. 0340 Insurance Exclusively Over 20 Years Stogks TP digh. Low. 1% 2 2 4% Siy 224 1d In 100-share fots exee Stock and Dividend Rate Add 00. High. Low. Close. C! Abitibl Pwr & Paper LY 2% Abitibi Pow & Papf. 3 8l Adams Express. 1 Adams Millls (2).... Addressograph (1).. Adv Rumley.......co AfMiliated Prod 1.60. . Alr Reduetion(t414) Alaska Juneau (50¢) Allegany Corp. .. Alleg Cppf $30 ww. Alleg Cppf w 40w, Alleg Co pt x $30 w.. Allied Chemical (8). Allled Ch&Dve pf(7) Allis-Chalmers(50c) Am Agri Chem(Del). C. Glover, chairman of the Am Rank Note (2)... rles C. Glover, jr., vi | Am Bank Note pf (3) Robert V. Fl 7 Am Beet Sugar pf william _J. FI Amer Br Shoe (1.60). Avon M. Nevius, Am Can Co tt O. Vass Am Car & Foundry H. Am Car & Fdv ot (7) president; J. R Am Chicle (13).. vice president; Earle Am Comel Alcohol. ant vice president Am & For Power. assistant vice pr Am & For Pwr pf(1). rough, 1. J. Robe Am & For Pwr 24 pf. George F. Rain Am Haw St’ship (1). D. J. Callahan Amice(2).... fries, jr. assistant Am Tce pf (6) Gold Dust (2%) G. Marx, controller Am International. .. 3% Qooorieh (B2 cock, auditor iyt Topometine) . X Goodrich (B F) pf... Trust dep Am L (1) : T&R (. x Terio,) vioe ik ooty Goodyear Ist pt (7). of credit inflation. The decrease of [ were Georgé E. Hamilton, chairman of George M. McKee, ¢ Am Mach & Metals Gotham Silk Hoslery only $42,000,000 in circulation, after|the executive board; H. D. Crampton, cer, and Kenneth :’“"‘ ’;":":'"C‘Of Gould Coupler t weck's unseasonal increase of | vice president, secretary and treasurer; RO ofltet e p s Graham-Paige. ... B 5 $28,000,000, showed that money is slow | John Fleming, assistant secretary, and lon, 3 General counse!—F Am Ewod Lt (11 5l Granby Consol (50¢) x to return from its year end activities.|C. B Kont anht b e f““"‘*‘fé,"fh" ‘301““ was quoted at 25 general counsel, and William H Am Pwr & Lt of (6). L Grand Silver Stores. Only about 25 to 30 per cent of the | Dire~tors ciocted by the stockholders | [Fancs 4872 centimes. vap, assistant g Ll Grand (Tnfon. .. normal seasonal dropr from holiday | included George€E. Hamilton, Edward Farmers Am Bollineaibe. e Grand Union pf (3) peak requirements has occurred to date. | J. Stellwagen, John M. Perry, John H Fd R Grant (W T) (1). The outlook for the Chicago rail-| Hanna, Charles C. Glover, jr.. G. Au Em . S 2 5 . Great Northern pf(2) wage conference was clouded by the|Thomas Dunlop and Merle Thorpe. :vlifi:gl’; ;‘;!":"4 '(ir"; \\‘r~thv|<'r{s15; | revelation that some of the railroad — m . Great Wn Sug p. company representatives are without | UNEMPLOYMENT GROWS IN EUROPEAN COUNTRIES irnated by letter “s." A Laane | Saxiena: N High Low 4T, 9 1% + % 19 + % a 2% 19 The weekly statement of the Federal Reserve on brokers' loans showed a decrease of $5,000,000 during the week ended January 13 to a new low record of $563,000,000 since February 1, 1918, when the figure stood at $510,179,000 This compares with the previous Iow of $568,000,000 last week and with $1,820,- 0000,000 on January 14, 1931. Loans for own account were $488,000 .- 000, compared with $505,000,000 a week ago. Loans for out-of-town banks totaled $69,000.000 against $56,000,000, and loans for account cf others amounted to $6.000,000, contrasted with $7,000,000. Demand loans constituted $425000,000 of the total against $427,~ 000,000 & Week ago, and time loans were $138,000.000 against $141,000,000. The New York Federal Reserve dis- trict rediscount rate remains unchanged at 31 per cent. CLEARING fiOUSE FI&URES, Washington Clearing House figures, for today: $3,448,038.77 BOURSE STATEMENT. PARIS, January 15 ()—Three per cent rentes, 78 francs 45 centimes. Five per cent loan, 102 francs 5 centimes. Exchange on London, 88 francs 81'; Gen Am Tank Car(4 Gen Asphalt (2). Gen Baking (2). Gen Cable 5 Gen Cable pf 20s Gen Tt (7). 108 Gen Electric (1 133 Gen Elec spec (600). 12 Gen Food Corp (3).. x 18 Gen G&E A (h6 % stk) Gen Mills (3). Gen Motors (3) Gen Motors pf (5). Gen Public Serviel Gen Ry Signal (5). Gen Realty & Util Gen Realty & Util pf. Gen Refractories (1) 4 Gen Theatre Equip Gtllette Saf Razor. Gillatte Saf R f (5). Gimbel Bros. .. Gobel (Adolf)... 13 BY EDWARD C. STONE, Directors of the Riggs National Bank at their organization meeting late yes- terday elected the following officers for the coming ye. SAFE GUARANTY FIRST MORTGAGE SECURITIES Yielding 6% Direct first mortgages secured on_ income-producing _ prop here in the NATION'S Capital | presiden president dent; George and ' cashier M Nelsor Denominations as low as $100 S'Neal, | Bur- Monthly Send for Bookle REAL ESTATE . MORTGAGE & GUARANTY CORPORATION 1610 K St. N.W. National 1408 i/ Desired e Success Plan” JOHN H., HANNA ‘Was re-elected president of the Capital Raymond Earle Ha cash: and R tment—Sidney F. »0dy and trust assistar assi Hogan Dono- | ANNUAL REPORT OF THE WASHINGTON LOAN & TRUST COMPANY Of the District of Columbia, to the Comptroiler of the Curren as required by Section 16, Act of Congress approved October 1, 1890, for the year ended Decem- ber 31, 1931. Capital stock authorized ... Capital stock actually paid in % Gross earnings for year ended December Total expenses for year ended December paid depositors . Total amount of debts nt cashier and a Park Road B assistant cashier and manag h A. Keene, assistant manager nch—Gregg C. Burns, | and ma and | rd, assist Dupont Branch DePrez, assistant cashier and manager, and Louis E. JefIries, jr., as: ager Seventh Boudren, ager. . Friendship Bra ind Free- man, assistant cashier and manager. Louis E. Jeffries, jr., who was elected an assistant cashier, is the son of the late Louis E. Jeffries who was a director in Riggs for many years. At the time of his recent death he was general counsel and vice president of the Southern Railway. The new cashier is assistant manager of the Dupont Circle branch. His election was the only change in the official per- sonnel. The advisory board for branches was elected as follows Willlam M. Beall, J. McKenney Ber- ry, Gregg C. Birdsall, Arthur Carr, Charles T. Clagett, Charles H. Cragin, Joseph H. Cranford, Herbert L. Davis, ‘Willlam H. Donovan, Henry W. Fisher, Robert V. Fleming, Charles C. Glover, Jr.; William C. Gwynn, H. G. Hoskin- son, George W. Hutchison, LeRoy O. King, Joseph H. Lee, William C. Miller, Frank P. Morse, Avon M. Nevius, G. L. Nicholson, Nelson B. O'Neal, George F. Rainey, John D. Rhodes, Bertrand H. Roberts, J. Wilbur Sherwood, Henry W. Sohon, Thomas J. Stanton, Sidney P. Taliaferro, George O. Vass, C. H Warrington, Robert D. Weaver, Pere A. | Wilmer, Raymond J. Wise. Other D. C. Bank Elections. All Columbia National Bank officers were re-elected late yesterday as fol- lows: Frank J. Stryker, president; L Whiting Estes; vice president; Robert H Lacey, cashier; Albert E. Yeatman, as- sistant cashier, and Walter B. Guy, at- torney. All" National Capital were re-elected at the organization meeting yesterday as follows: H, H. Mc- Kee, president; S. H. Walker, vice pres- ident; Dr. W. P. C. Hazen, vice presi- dent; H. C. Stewart, cashier, and J. S. Ridgely, assistant_cashier McLachlen Banking Corporation offi- cers were re-elected as follows: Lanier P. McLachlen, president; Firman R. Horner, vice president; John A. Massie, vice president and treasurer; Archibald McLachlen, secretary and assistant treasurer; Guy D. Cowl, assistant treas- urer, and E. L. Coldney, auditor, Morris Plan Bank. The following directors of the Morris Plan Bank of Washington were re- ted at the annual meeting of stoc holders yesterday: Arthur J. Morris, ‘Thomas C. Boushall, Bertram Chester- man, Philip Woollcott, Edwin A. Mooers, ‘Willard G. Barker, W. Cameron Burton and George C. Shinn The board elected Bertram Chester- man president, Willard G. Barker vice dent and cashier; Edwin A. Mooers y, Edwin H. O. Stokes assistant cashier and V. Rhine assistant secretary and auditor. PRI S ke full authority to act. ~Bull points in- Am Steel Foundry. .. 7 %+ cluded higher sales at the automobile Amer Suzar (4). 9% 1's tahn Dent Stores. . I show, a better outlook and firmer Am r Ref pt (1) 44% 11 Harb & Walker (1) prices for copper and a few other com- Am Tel & Telew (9).. % i3 Hartman Corp (B).. modities and a firm tone in sterling Am Tobacco ( Helme (GW) pf (7). quotations. Am Tobaceo B ( Hercules Mot (80c) Trading in the first two hoyrs was Am Tobacco pf Hershey Choce (6) about a third of Thursday's turn- 'yvpe Founders. . Hershey Choc of ( United States Steel, reflecting Am Water Wks (3).., Hollander Sons robability of heavy orders from Am Wat Wks cfs(3). Houdaille Hershey. railroads, advanced the best part Am Wat W 18t pf($) Househld Fin pf .20 of a point to above 45, but subse- Am Woolen Co. Houston Oil. . e quently dropped to a net loss. J. I Am Woolen Co pf. Houston Oil (new).. Case opened higher, went to a gain Am Zinec & Lead Hudson & Man (3%) of nearly 2 points and then lost part 4 Anaconda Coper. Hudson Motor (1)... of it. But the resistance in these and Anchor Cap (2.40). a few other leaders showed the reluct- Archer-Dantels (1) 51 17 unce of the constructive forces to per- Armour of Del pf (T) 90s 3 mit the reaction to go far Armour of Il (A). The losses in most industrials were Armour of Il (B). confined within narrow limits. Active Armour of Il of..... issues were Allied Chemical, American Arnold Constable. Can, Coca Cola, Eastman Kodak and Associated Apparel. Borden. Westinghouse advanced in the Associated Dry Gds face of the general downturg and Gen- Atch To & San Fe(€) eral Electric was firm in the early Atch To&S Fe pf (8) trading AL CoRxt LineiCe) e In the rails the most active decline AtiantioiRed naxd) was in Atchison, but even in that issue ahirn Auto $241Ece fluctuations were within a range of 2 Swiatinn Gaun (41}, | points. New York Central clung close to its previous closing level and was most of the time slightly higher on the day. Losses of a point or more occurred in Chesapeake Corporation, Chesapeake & Ohio, Missouri-Pacific _preferred, Southern Pacific and Union Pacific. Norfolk & Western, after opening lower, advanced 4 points from its low, An encouraging aspect of the market | $1.000,000.56 . 1.000,500.00 1931 989,713.17 Charles G. 1931, including ‘interest By the Associated Press. 3i, Commercial dispatches from Europe to the Chamber of Commerce of the United States report that unemploy- ment there is on the increase. The dispatches list the idle at 8,654,- 481 in the four principal nations. Ger- many i the greatest sufferer in this re- spect, having a total of 5,057,000, or about 1,300,000 more than at this time last year, Great Britain reported 2,627,324 idle early in December, an _increase of 320,362 during the year. Italy reported JOHN JOY EDSON, an unemployed of 878,000, while We, HARRY G. MEEM, President: ALFRED H. LAWSON, Secretary, and France, whose official statistics were | JOHN H. CLAPP, J. LEO KOLB, CHAS. G. TREAT, DONALD WOODWARD, sald to be an “admittedly inaccurate | Directors of the Washington Loan and Trust Cempany, do hereby solemnly swear index of the situation,” reported a total | that the above is true to the best of our knowledge and belief of 92,157 which is the highest figure | HARRY G. MEEM, President. since 1914, i ALFRED H. LAWSON, Secretary. B = JOHN H. CLAPP, U. S. TREASURY BALANCE. J. LEO KOLB, Treasury receipts for January 13 were CHAS. G. TREAT, DONALD WOODWARD, Directors. $53,935,250.91; expenditures, ~$62,890,- | District of Columbia, ss.: 46188; balance. $380.464,060.09; cus- Sworn to and subscribed before me this 14th day of January, 1932, toms dutles for 13 days of January were (Seal.) FREDERICK A. GENAU, Notary Public, D. C. $12,766,587.77. . 802,796.713 16.409.944.77 JOHN H. CLAPP, ALFRED H. LAWSON, J. LEO KOLB, CHAS. G. TREAT, DONALD WOODWARD, JOHN BARTON PAYNE, CHAS. P. STONE, A. C. OLIPHANT, FREDERICK V. COVILLE, FLOYD E. DAVIS, HARRY G. MEEM, President. W. E. PEARSON, ARTHUR PETER JOHN A. JOHNSTON, CHARLES CARROLL MORGAN, L. W. ESTES, MELVILLE BELL GROSVENOR, THEODORE W. NOYES, C. B. KEFERSTEIN, 8. H. KAUFFMANN, Branch cashier Street assistant D) Indust Ravon (4)... inzersoll Rand (4).. _ Inland Steal (2).. Inspjration Copper. interboro Rap Tr: Interlake Iron. Int Bus Machine(n! Int Carriers,Ltd 60c. Int Combustion. . Int Combustion pf. % Int Comb pf ctfs. Int Harvester (2%). Int Harvester pf (7). Int Hydro E1 A (e2). Int Match pf (4).... 9 Int Nickel of Can 208 43 Int Nick an pf (7) 1 Int Paper pt 1108 Int Paper & Pwr 1 Int Paper & Pwr C. 8 Int Paper & Pwr of. 9 Int Printg Ink pf (6)x 50s int Salt (3). AnEn Bethleham Ste 5 54 Int Shoe (3). . Bethlenem Stl pf (1) b lnk Silver . Blawr Krios (50t 4 38% Int Tel & Teleg (60c) Bohn Al (1300 - 9% 1% Investors Equity... Borden Co (3).. 57% 24 Jewel Tea (4)..... Borg Warner (1).. 80% 15% Johns-Manville (1) Briges Mfg (1). 126 834 Johns-Manv pf (7). 108 Brockway Mot Trl 123%; 68 JBnes & Laugh pf(7) 10s Bklyn-Man Tran (4). - = Bklyn Union Gas (§) 45 6 KansasClty Southm. 2 ¢ K'mann Dept Strs(1’ 3 Brown Shoe (3). Bruns Term & Rwyi Kayser (J) & Co (1) x Bucyrus-E Kelly-Spring Tire. Bueyr irie o i 5's Kelly-Spr T 8% pf.. Budd (EG) Mfg 3 Kelsey-Hayes Wheel Budd Wheel. 6 Kelvinator Corp.... Burns Bros (A). 20 Kendall Co pf (6)... Burns Bros(A) v.t.c.. 9% Kennecott Copper 50¢ 1's Kinney (G R) Co. Burr Add Mch (1) . Bush Term deb (7). 15 Kresge (S S) (1.60) 21 Butte & Superior. . 2614 Kress (SH) Co (J1).. . 1 Byers ) Co 4% Kreuger & Toll 1.61). 111 Ciliforala PAkiag: 125 Krozer Grocery (1) 16 Callanan Zinc & Ld 40's Lambert Co (3). 19 Camp W&C Fdy (1) 8 Lehigh Valley RR.. 1 Canada Dry (1.20). 35 Lehman Corp (2.40). 5 18% Lehn & Fink (3). ... 9 Canadian Pacific 1% . Cannon Mills (1.60). 40 Lige & Myers B (16) 30 12% Lima Locomotive.".. Capital Admin (A) Capital Ad pf(A) 1313 Liquid Carbonic (2). Car Clin & O sta (5). 7 Loew’s, Inc (14).... Case (J 1) Co. Loew's Inc pf (63%). Case (J 1) pf (T).... 28 LoftInc....... Caterpillar Trac (2). Loose-\Wiles (13) Celanese Corp Lorillard () (1.20). 1 Loutsiana Oil... Cent Aguirre ( . 177 Lou Gas&El A (1%) Cerro de Pasco (1) Checker Cab Mrfg 111 20% Loulsville & Nash(4)x 19 4 Ludlum Steel Ches & Ohio (23)... Chesapeake Corp(3). i Chi Great Western 36 15 Chi Great Westn pf. 2% 12 Chi Mil StP & Pac... 1081 38 i Mil StP & Pac pt. 17 “3a 3% 14k 16 ldwin Locomotive Baldwin Loco pf. Baltimore & Ohlo. Balto & Ohio pf (4). x Bang & Aroos (3%). Bang & Aroos pf (7). Barnsdall Corp'n. . Beatrice Cream (4) Besch-Nut Pkg (3).. Bendix Aviation (1). Best & Co (1) Total number of directors of this company, twenty-four. 0 Organized 1879 52nd YEAR COMPLETED H Equitable Co-Operative Bldg. Ass'n JOHN JOY EDSON, President WALTER S. PRATT, Jr, Secretary TIME MONEY STRONGER. Time money averages strengthened last week, but the level for call money wan e Cresistance 'shown by utility | rates moved in the opposite direction. shares. American Telephone, after a |Ihe average rate for both classes of funds follow for comparable weeks, as higher opening, dropped more than a | point, but this occurred only on quiet, ::gg;?ted by the Department of Com- heavy offerings, while Columbia Gas, North American, Pacific Gas & Electric and Public Service of New Jersey were Aeady. Auburn was again the most active of the motors. It dipped more than 2 points, but then met support. General Motors was only slightly lower around midday. The tobacco shares were steady. Oil shares were inactive. 42 6 44 4314 6915 42 Call. 3.00 3.30 | 1.50 ‘Time. 4.00 3.70 3.00 s Assets. . $6,124,601.00 Subscriptions for the 102nd Issue of Stock Being Received Week ended January 9 Previous week. Same week last year. NEW YORK BANK STOCKS NEW YORK, January 15 (#)— BANK STOOKS. Bid. Asked. . 36T, 38t 224 111 Bank officers’| Achieve Success Through Systematic Saving N R TRUS'I: VCOMPANY ELECTS T Chase . Chat Phenix, Commercial Nat First Natl N' Y | Manhat Co Natl City . Public ... Names Thousands today enjoy prosperity because they adopted_the systematic saving plan of the Equi- table. Whether you are saving for a home, your children’s education, or for a future business, start right now to make your dream a reality. Arlington Organization John E. Fowler President. By a Staff Correspondent of The Star. ROSSLYN, Va. January 15—John| E. Fowler was re-elected president of the Arlington Trust Co. for his seventh | consecutive term yesterday afternoon at the annual meeting held by the board of directors in the bank building | Charles T. Merchant was named first | New York .. | vice president, Harry R. Thomas, s = ond vice president; Alan B. Pro treasurer-cashier, and William C. Gloth, general counsel, Thomas, the ney second vice president, has been_identi- fied with the bank for the past 20 years as a director and trust officer. Those elected to the board of direc- tors E. Wade Ball, John E. Fowler, Robert N. Harper, Harry R. Thomas, Ashton C. Jones, Alan B. Prosise and | ! Charles T. Merchant. | OFFICERS RE-ELECTED | Sandy Spring Savings Institution > Rudommar LT " Bankers Brooklyn ‘... CentHanover. Chem Bk & Tr Cont BK & Tr. Corn Exch . Come in and talk it over 915 F St. g 0 - [STCIOL-PHOPEN 1008 651 108 12 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. January 15, 1887 January 15, 1932 McAna & Forbes (2) McCall Corp (Z3) .. Melntyre Pore M (1) MeKeesport T P (4). 31 5 y McKesson & Robbins 4 | McKes&Rob pf(3%) | McLellan St pf A(6). 308 Mack Trucks (1).... 3 Macy (RH)& Co(n3). 4 : 8 e e : Directors Hold Meeting. Manhat Elev gtd (1) 20s . ManhatElev mod gtd 11 Manhattant Shirt(1) 1 Marine Midld (1.20). 19 Market Street Ry... 2708 Marlin-Rockwell (2) 1 Marshall Fleld (2%) fathieson Alkill (2) ational Bank. National Bank office e e Chic & Northwstn. . ke 34 Chi Pneu Tool. .. Eresident; James A. Soper, vice presi- | R ey dent and cashier; H. T. Offterdinger, | o R vice president; J. Everett Baird, J i S Frank Rice, Robert E. Lee, Richard A St gt oy Norris, D. Hammond Wetzel, Floyd S. | L Caany Davis vflsa-‘lal.' cashiers. George Fi Chrysler Corp (1)... cis Wiliiams, general counsel and trust iy officer; J. Frank Rice, ass G By 4 officer: W. W. Millan, associate counsel; | s Melyin C. Hazen, secretary of the board, | Cotgate-Pal-P (2%)+ and W. M. Harris, auditor. | Colg-Palm-P pf (§).. y | Collins & Atkman FONGal Miow. BRSR Columb G&EL(b1%). 106 May Dept Strs (234) Officers of the Federal-American Na- | Col GaskEIptA (8). 3 : : s Melville Shoe (2)... x tionel Bank & Trust Co. were re- L aban s 8.8 e 5 Mengel Copf....... elected late yesterday: John Poole, CommCredit (1.60). 6 94 8 5 Aid Continent Peim. I ident; William John Eynon. W. J.| Comel Gred 13t(8%) 20 Midland Steel (3)... 1 Charles B. Lyddane, William Comel CreditA 3).. 2 Minn Moline Pow. ; Johnson, John A. Reilly, vice presi ol ety 6 SP &5 S Marle.. 2 Comm Invcvpf(e6). 3 M StP & SSm Isd (4) l‘“: Comecl Solvents (1). 22 Mo Kan & Texas . Comwlth & Sou(30e) 50 Mo Kans & Texas pt. Comwlth&Sou pf (§) 11 . 1P Congolm-Natrn (1).. 2 9% A i Pacific pf .. Consol Film pf (2).. 2 nto Chem(1%) Consol Gas N Y (4)., 200 nery Ward. . ConsolRwys pf (6).+ Mother Lode. . Connol Textile. Motor Meter G & El. Container Corp ( Mullins Mf; - Contl Baking (A) Mullins Mfg pf. Contl Baking (B). ... Murray Corp. .. Cont] Baking pf (3). < o ¢ “Experience Built Upon Experience” On the Forty-fifth Anniversary Lincoln v —of the establishment of our Real Estate Loan and Insurance Business in the Cfty of Waslu’ngtcm Dijstrict of Columbia, we extend our thanks and appreciation to our ‘many patrons and friends for their generous sufifiort t/uuughouc these years, and assure them of continued fiJelv’ty and energecr‘c attention to all matters entrusted to us. JESSE L. HEISKELL 1115 Eye Street N.W. Special Dispatch to The Star. SANDY SPRING, Md., January 15. At the annual meeting of the Savings Institution of Sandy Spring the direc- tors of the institution, Charles F.| Brooke, J. W. Jones, Frederick L. Thomas, W. J. Thomas, Newton Stab. ler, Tarlton Brooke, Dr. George E. Cook, Willlam E. Brown, A. D. Farquhar, Joseph E. Janney, George M. Waters, { jr.; Willlam F Prettyman, Francis Mil- to preserve, are invited to ler, Thomas Hyde, 4th, and P. Garland || utilize our Storage facilities, in Ligon, re-elected the following officers|| . centrally-located FIR E- on Wednesday, when they met at the| PROOF Buildin, uarded office of the institution at 2 o'clock Fimig e Charles F. Brooke chairman of the|| day and night by watchmen, board and vice president; Prederick L. (|| thus insuring maximum safety. Thomas, president; Josiah W. Jones, (| TWhy use valuable space, in your office when we furnish— vice president and field officer; Francis | | Individual Rooms as 1}4]:1101‘_ treasurer, and Francis A.| Thomas, secretary. low as $4 per month —equipped with racks to fa- ENTERPRISE S ERTA LJ|| Gt seniat" o' rort, BUILDING ASSOCIATION || /) Ttk St. and Indiana Ave. N.w.J||| Merchants Transfer 67th Serles of Stock Now Open and Storage Co. for Rubscription JOHN L. NEWBOLD, JR., President 59, INTEREST PAID 920-922 E St—Nat. 6900 ON STOCK oving—Packins—Shipping James E Connelly, James F. Shea, President Secretary ver 30 Years of Quali BANKS AND TRUST COMPANIES —and OTHERS having Valuable Records 3 7 1 108 1 dents; Charle cashier: | Joseph D. Yerk ford, | assistant cashiers Gordon, | trust officer Dooley, T. T. Keller, ass J. L Fifteenth F. P. Harn H. J. Dupont istant and | Ger-| Brookland presiden cashier; | RELRESHT MORTGAGES Twentieth stenberg branch ‘William Leon Tobrir Nash Motors (2). Nash Chat & St T Nat Acme Co Nat Bella Hess. Nat Biscuit (2.80) Nat Biscuit pf (T) Nat Cash Iteg (A) Nat Da.ry (2.60). Natl Lead (5).. Nat Lead pt A (7) Nat Lead pf B (8) Nat Pwr & Lt (1). t Steel (2) Nat § Nat Surety (2) ontl Can (2%) n’. Insur (2.40)... ntl Moto) tar insel District National Bank. Directors of District Nati have re-elected all officers of stitution. president Gockeler. WHEN A $1000 IS WORTH . A THOUSAND 1al Bank “oty Ine that i i m of Wht(12% s tadio. . “rown Cork (2.4 rown Cork pt (2.70) “rucible Steel. ..... “rucible Stesl pf (7) “uba Cane Products. 132 | 143 111 120% 100 44 10y 58 18l 0% 5 6l 10 ] D Every dollar invested in our 6% FIRST MORTGAGES harles C. Rogers idents; Hilleary L. Offutt president and cashier; W Looker, Theodore S. Mason, Arthur M Sales Executive’s Atkinson, Raymond P. Lochte, George D. Bee, assistant cashiers; Barnard & Johnson, attorneys rton E. Les- ter, counsel; B. L. trust officer; Ralph W. Howard assistant trust officer, and Ralph P. Barnard, counsel | of the trust department. [ Chevy Chase Loan Officers. holders of the Ch Building N Assoc elected these officers for 193 C. Christie. Sidney C. Cousins E. Culp, Roger W. Eisinger, B. E. son, George B. F Diller B. Edward H. Jones, am L. Orem, jr.; John F. Preston, Fred A. Schmidt, Ralph S. Scott, M. Rea Shafer, Fred E. Shoemaker and J. Horace Smithey Two of the directors elected are new to the board, George B. Fraser, vice president of the Washington Gas Light Co! and the Georgetown Gas Light Co. and Dr. B. E. Erikson of Chevy Chase, Md. Immediately following the meeting of the stockholders the new directors re- elected the officers who served during the past vear: Edward H. Jones, presi- dent; Pred A. Schmidt, vice president Sidney C. Cousins, vice president. J. Horace Smithey, secretary-treasurer, Chase | have | Arthur and Roger W. Eisinger, assistant sec- retary. ‘The annual report ¥ presented by 7% Gantinued on Bourteenth Baged 401 12% 16% » % 2% 20 5 84 1% L] *udahy Packing (4). Curtis Publish (4)... Wrignt. . Curtis Wright (A) Cutler Hammer Davizon Chemical. Deere & Co pf (1.40). Delaware & Hud (3). Delaware Lack & W. Denver & RG W pf.. Detroit Edison (8 Diamond Match (1).. Diamond Mtch pf 1% Dome Mines (1).... Dominion Stores t1% Drug Corp (4)..vse unan Kodak (18) aton Axle& Spr G0¢.x Eltington-Schild. ... Elec Auto Lite (4)... lec Auto-Lite pf(7) ec&Musical Instru 6 c Pwr & Lt (1)... 49 lec Pwr & Lt pf(6), 4 slee Pwr&Lt pf (7). 3 ik Horn Coal. 200s 1k Horn Coal pf... 3008 ndicott-Johnscn(3) rie RR. . 1 rie R R 1st pf. . Erie RR 2d pf. . Eureka Vac Cleaner.. Federal Screw Wks.. Fed ater Beavian A =, J 52 10s 247 148, 2 217 11 901 57 6074 2 18 1919 6% 4% 1% 2% Nat Tea (1).... Nev Con Cop (40¢).. Newport Industri Newton Steel. 242 N w0 17 % 105% 40% 14 % 8 b L 2% 13 4% 164 97 29% 35 \ H & Hartford NH&HpL (D). Ont & Western. ¢ Shipbuild{ng.. Steam pf (6).. Noranda Mines (2 Norf & Westn (112)« North Am Aviation. Nor Amer(b10 % stk) North Amerpf (3). Jorthern Pacific 3). Norwalk Tire & Rub. Norwalk Tire & R pt Ohlo Ol < Oliver Farm Equip. . OliviFarm Eq pr pf.. Omnibus Corp...... Orpheum Circuft pf. Ous Klevator (2%). Otis Eiev pf (6). Ous Steel. . . 5 Owens 111 Glass (2). Tacific Gas & B1 (). Pacific Lighting (3). 131% 93% Pacific Tel&Teleg(7) —_— 12 4 70 3 101 1 108 20 30 4 1 30s 108 3 2 12 3 4% 21 35% 40% ON YOUR SAVINGS SAVINGS ACCOUNTS WITH TH INSTITU- TION HAYV! LARLY FOR OVER FORTY YEARS ... A DECIDED ADVANTAG IN AIDING ONE TO IN. ;ZRH/\.' THEIR SAV- - INGS. Open Daily 9 to § Saturdays Until Noon PERMANENT Opportunity A substantial financial institution, under the supervision of the State of New York,and numbering among its clients many of America’s lead- ing life insurance companies and banks, is offering the same invest- ment currently being sold to them, on a monthly deposit basis as a medium for capital accumulation with life insurance protection (without extra cost or medical examination). A Sales Executive financially able to estab- lish and build a sales_organization, wbo has had_ previos experience in marketing intangibles, will be selected for the exclu- sive General Sales Agency in this territory. An opportunity is afforded the right man to establish a lucrative and permanent con- tact with a sound and growing business. Give full details as to past experience, etc., and an interview will be arranged in the near future with the Sales Director of the Company. Address J. BUILDING ASSOCIATION 949 NINTH ST, NW. UNDER SUPERVISION OF U. Over a Third of a Century Without a Loss 5 National Rudolph Guenther - Russell Law, Inc. Finenciel Advertiring in All Its Branches 181 Codar Strost New York City 2100 earns this 6% continuously while the money is so invested. Thus it is possible to reckon definitely upon the return—and upon the safety of the principal, secured as it will be by conservatively appraised improved Washington real estate. May be purchased in amounts from $250 up. . SAUL CO. 925 Ioth oS¢ N.W, IS NO SUBSTiTUTE. FOR, .SAFETY