Evening Star Newspaper, February 15, 1932, Page 14

FIN STAR, WASHINGTON, ANCIAL, STOCKS IRREGULAR ON BIG OFFERINGS Reaction Follows Rapid A vance of Last Week, but Losses Are Reduced. FINANCIAL, THE EVENING MONDAY, FEBRUARY 15, 1932. TRANSACTIONS ON Stock and 100 (eks THE NEW YORK STOCK EXCHANGE Net. 1 191 A—14 wxx CREDIT MEN HOLD CONFERENCE HERE January Cham Store Sales Analyzed—Local Bankers at Trust Parley. ~ Prev.1932 ;u.m Low. s | 5% 4 Mgt Net. Low. Close. Chge. Stock and Sales— Dividend Rate. Add 00. High. 2 Tex Pacific Land Tr.. 8 5% s Thompson Starrett.. 12 1% 2% Tide Water Asso Oil. 34 Tide Water As pf(6). 22 Tide Wat Oil pf 33 i Timken Roller B(2) 22 Tobacco Products 4% Transamerica Cor 4 Transue & Williams. % Tri-Contl Corp. 3y _ Prev 1952 . High Low. 3% 3 Ti 31y Fed W 20 Fid Ph 12 Firestone T & R (1). 2 121 504, Firestone T&R pf(6) x 54 411, First Natl Strs (2%) 50 v Fisk Rubber. . - 1, Fisk Rubber 15t pf. . % 8 Foster-Wheeler..... 10 3 Foundation Co..... 51, Fourth Nat Inv 110, 2%, Fox Film (A) q \ Freeport-Tex T 1y Gabriel Co (A). . amewell Co (3) « Gen Am Investor: Stomks sold in 100-share lots except those designated by letter ~ Piev. 1932 Stock and Sales— Net. High. Low Dividend Rate. sdd 0(1 Hish. Low. Close. Chge. 3 2 Abitibi Pwr & Paper. Abitibi Pwr & Pa pf. Adams Express. § AR ot Affiliated prod 1.60 A teduction(f41% Alaska Juneau (50c) Alleghany Corp. Alleg Cp pf $30 w Alleg Cp pf §20 xw 2 Allied Chemical (6). 149 Allis-Chalmers(50¢) 10 Amerada Corp (2). .. 1 Am Agri Chem(Del). 1 > Am Bank Note (2) . 13 ‘Am Bank Note pf (3) 2108 Am Br Shoe (1.60) . Am Can Co (15) Am Can Co pf (7) Am Car & Foundr; Am Car & Fdy pf Am l‘hvlv\ < Peoples Gas Chi (8). 12 Dividend Rate. . High. Low. Close. Chge. | 17, e Eureka Vac Cleaner. 4% 5 +1%| 19" gy Pere Marquette prpf 608 ~<hion Park Asso.. 14 s 3 Petrol Corp of Am er Service A 2 an, 6 Phelps Dodge Co. ... 231, 24% 3 Phila& Read C&1.. 4 Philip Morris&Co(1) Phillips Petroleum. . Pierce Oil pf. Pierce Petroleum. 4« Pillsbury Flour (2). Pitts Terminal Coal Pitts United Corp. Pitts United pf. Port Ric Am Toh (A). Port Ric Am Tob(B). Postal Tel&Cable pf. Prairie Oil & G Prairte Pipe Lin Pressed Steel Car.. . Proct & Gamb (2.40) Proc & Gamb pf (3). Prod & Refiners pf. . Public Sve NJ (3.40) Pub Sve G&E pf (5). Pullman Corp (3). Pure Oil. Pure Oil pt (8) ~ Purity Baker| 941, 1091 103% 105 6 3 3 18 BY EDWARD C. STONE. ] The Associated Retail Credit Men of shington. affiliated with the Na- tional K Credit Association, is in nferen the Columbia Regional | Bureau Executives, in | ton which opened at the Hotel this forenoon. The 1 of the conference is J. Wil- el ie Camden Credit As- the speakers on to- were Harry V. Oster- | v of Woodward & | D. Hays, Harrisburg | ephen H. Talkes, | Washington associa- on Snyder. credit man- : Haberdasher, and Davis Mount Rainier, Md. What the an expects of the bureau and topics were fully discussed 22 14% 100'1 100 341, 27% 137 94y Underwood-Eli-F (3) Und-Ell-Fish pf (7). Unton Carb (2.60). .. Un Oil of Calif(1.40) Unfon Pacific (10) Unit Afreraft. Unit Aircratt bt (3). uit (2) BY GEORGE T. HUGHES. Special Dispatch to The Btar. NEW YORK, February 15.—The re- action that was to be expected after Saturday's violent advance appeared in the stock market today. but without. tering Wall street’s new-born optimism. Traders agreed that under the circum- | stances stocks acted well Initial transactions were at irregular price changes. but almost immediately | thereafter a flood of offerings for voti accounts descended upon the markc and prices, especially for those issu®@ which had run up most specmculxri Unit Corp (73c). Unit Corp pf (3) Unit Electric Coal. Unit Fruit (3) Unit Gas&Im(1 Unit Gas&Im nfu) U'S & Forn Secur. : USFreight... 5 Gypsum (1.60). U S Indus Alcohol. Leather (A). ustic Tiling uropean Secur Am & For Power. . Am & For Pwr pf(6). Am & For Pwr pf(7) 2 2 IAMDGTsK) 12 Am & For Pwr 2d pf. 2 8 i 2 2 < & BlecA 605 Am Home Prod 4.20.. G CEIpf AS). 10s AmIce (2).... cevpf6).x 1 Am International 3. 6 ‘Am Locomotive..... s Am Mch & Fdy 1.40.. Am Mach & Metals ectric (160) pec (60c) . od Corp (3) s (2 lio Corp 1io Corp pt B tadio-Keith-Orp Raybestos Man(1.60) Real Silk Hoslery. .. Remington-Rand. » Reo Motor Car (40¢). Republic Steel...... Republic Steel pf. Reynolds Met (1'3). x Reynolds Spring. . Revnolds Tob B (3). Saturday, came down rapidly. TI pace was so fast that the ticker fel 3 minutes behind business on the floo, * | although volume was slightly under thi | of the preceding session. During _this stage Auburn Autg slumped 7', points. American Teles phone & Telegraph 5 points, Americ Can 4 points and a long list of stocks 2 to 3 points. On the reacticn, hows ever, the market met good support, ang before the first hour was over the lis§ had steadied and then in turn began to recover a part of the lost ground All of this was a_perfectly normal movement after the excited buying of last week. It bore no relation either to the general business and financial news or to developments affecting par- ticular companies. Considerations of this nature did not influence trading until later in the day. Then interest shifted to the view that Europe, chiefly France, would take of the new banking proposals and to the possibiltiy of heavy withdrawal of gold. Dividend prospects came in for consideration, and the mare ket once more turned its attention ta@ the industrial outlook. CLEARIN}} 7HOUSE FIGURES. Gen Mill en Motor. en Mot en Public Gen Ry Signal (5) Gen Theater Equip. . f Razor fIpf (3). oS pf (7).. SRMI[ & Imp 0 ibber. ... ses were on the after- 2 p am, to be followed by ques- 4 Am Metal Co SN : i d discussions. The annual { Am Me(aignt S o o L 111 be held this evening. | :Z: Petalth ) g Am Pwr & Lt pf (6) Am Tndiator (100) Am Am S mtz& Ref pf 3% p Steel (2).. US Steel pf (7). United Stores (A) United Stores pf (4). pe & Rad. T'tah Copper (1) Util Pwr & Lt A R enEx ann io Grande Oil 1 Duteh of NY. Store Sales Analyzed. : to a compilation by Merrill, | chain store companies. | 1 order concerns, show the month of January, .379, against sales of 749, in the corresponding period ccrease of 10.33 per cent. | order companies alone show anuary. 1932, of $33,082,282, t $42.204.736 in January, 1931, a ease of 21.61 per cent. Excluding » mail order concerns, 36 chain store companies show sales for January, 1932, 004097, against sales of $224 ame period of 1931, a per cent Indorses Debenture Bill. n of the Federal Farm Board, e. has indorsed. in all of the Norbeck-Stesgail debentures of the Fed- ate Credit Banks eligible loans by Federal Reserve S to member binks. It is claimed ers that this bill will make for the Intermediate Credit rge a lower rate of inter- s. both the farmers' co- ng associations and Titutions discounting with these banks. be- depend to a large extent the sale of these securities to ob- ds to loan use ¢ - present state of the d the desire for exceed- i tments these debentures o been bearing a high rate of er recently addressed iw chairman of the tee considering the Norbeck Stone indicated that the would aid greatly in the sale of debentures because it would be for Reserve member banks to bor- them should the occasion arise. Lceal Board Rooms Thronged Today. 4ay’s wild session of the New Exchange, which brought ories of the sensational trad- in 1929, brought a rush’of both speculators and in- 1o the local brokerage houses was a case of standing room the opening. Prices opened where they closed for the week afeway Stores (5) . Strs pf (6) . ay Strs pf (7). t |nu»|n ead(fic). Goodrich (B F) . sodrich (R F) pr. .. oodyear T& R (1). ioodyear st pf (T) iotham Silk Hosiery ham-Paig. ~ Vadsco Sales Corp. 11z Vanadium Corp. . < Va-Car Chem 6% pf. 391, -Car Chem pt (7). R= ‘a Elec&'w pf (6).. 97« 19% Vulcan D'tinning (2) vipbuildin mit & 1f nuff (i3 A Snuff p ‘Am Solv & Chemical. Am Solv & Chem pf.. Am Steel Foundry. . g E It Am Stores (1213) ' Am Sugar (4) Am Sugar pf (7 Am Tel & Teleg (3).. Am Tobacco (16). Am Tobacco B (16).. Am Tobacco pf (§) » Am Type Founders Am Water Wks (3).. Am Wat Wksefs(2). Am Wat W 1=t pf(6) Am Woolen (o Am Woolen Co pf Am Zinc & Lead ‘Anaconda Copper. . \Hr‘hm'(‘ap (2.40).., Archer-Dan pf (7). Armour of Del pf Armour of TI1 (A). . Armour of NI (B) Afmour of 111 pr. ARsociated Apparel Associated Dry Gds Atch To & San Fe(6) Atl Coast Line (4)... Atiantic Refining (1) Atlas Powder (2)... Auburn Auto (f4). Aviation Corp (Del anhy Gonkalite "r}. rhn,ll: l' ;Vrl\]?vmfl'! nd Silver Stores. ! I‘::a;:l “”’ ne _ ! 1 1 Wabash R R 6 Grand Union. ... 2 i 2 2 3 4 6 1 Bt (W T) (@).... 28 E 7 3 5 & 21198 e Northern pf 2158 7 2% 1% reat rth Ore(2). 2 x i e . e 4% 21 reat Western A Shattuck = 1 e m‘, 9 " Shell Union Oil pt 3 2 e shy Grunow Simmons Co i : 1215 Simms Petroleum. . . 5 ki i 1 Sinelain o 2 o Q]”L‘ :i‘xl'!onsol ol 1X 12% Washington Clearing House figureg k o . 4 83 West Pa'wrpf (6). for tocay, $2.767,288 84 nider § ching a7 Weatein) B bE Western Union (6 o1y Am pf ww (515 Westinghse A B MARYLAND TOBACCO sALI-:s it BALTIMORE. February 15 (Special). White Sewing Mot —Receipts of Maryland leaf tobacco Wileox Oil & Gas. continue to show increases each week, : , Willys-Overland. . while sales are generally below the aflway pt 6 % 18 il e {average. Last week 263 hogsheads wers istpe(T) 4 Feceived, compared witn sales of 129 togsheads. Jeav Stock in State tos bacco warehouses of 13 rosthes and 484 hogsheads of Quotations today for Maryland leaf tobacco per 100 pounds: Frosted and inferior. 200a4.50; sound to good com= mor.. 5.00a15.00; medium to good. 15.00a 3500 good to fine red. 35.00a54.00; fancy. 54.00a55.00. Seconds, common ta medium. 5.00a22.00: good to fine, 23.00a S, - 4200; 1931 crop ground leaves. 4.90a Sales of Stocks on New Y - f e e ,E""‘"“'-l 200000 | 2000, Upper country, burly, nominal. 1.000,600 210 P.M 1,700,000 = iven,In the above tabe are the annuai cash Guaranty First S, Mortgage Securities aldor? Sys (1%).. Ward Bakin Warn Bros Pict Warner Quinlan Warren Fros. ... Warren Fdy & P 1.20 Webster Eisenlohr, . Wesson Oil&Sno(2). ires. Griz \ Hershey Choc pf + Homestake M 18.80. . Houdaille Hershey .. Houston Ofl. Houston Oil ( + Southern Raiiwa; outhern 3 04 hogsheads they Tiinots Centr ground leaves. 1 -m'un']lul Indian Motor Cycle.. Ind Motor Cyele pf Indust Rayon (4). .. Inland Steel (1) Inspiration Copy Ins Shares(Del) Interboro Ra vT'an! Int Bus Machine(n§) Int Carriers Ltd 50c Int Cement (3). Int Combustion. Int Combustion pf ' K iy -2 3. 12 Int Harvester (213). 2 -] o Int Harvester pf ¢ C Int Hydro E1A ( Int Match pf (4) . Int Nickel of Can 20e 2 Int Paper Int Salt - Yellow Truck. .. ect&Tube. RAAT00. . - Prod Corp (1) S AR wh-TeTeane tand Oil Calit (2) tand O f Kan tand OII N J (1 Stewart Warn, 1 tone & Webhster 1)\ 1 3 . . P AM Studebaker Co(1.26). LA upertor Of1 s & Telautosraph (140). 6 2 XS 17 Tennessee Corp : . FFavabie 10 Texas Corp (2)... 2005 Tex Gulf Sulphur(3) GIANNINI WINS PROXY FIGHT. Canadian Trade Improves. WILMINGTON, Del. February 15 By the Associated Press (#) —The group headed by A. P. Gian- Canada obtained a favorable balance nini of San Francisco in the battle for 0f trade fr January with exports of control of Transamerica Corporation to- $38.000.000 and imports of $34.000.000 Baldwin Locomotive 35 « Baldwin Loco pf.... Baltimore & Ohio. . Balto & Ohlo pf (4).. Barnsdall Corp. . 2 Beatrice Cream (4).. Beatrice Crm pf(7). Bendix Aviation (1). 2 Best & Co (2). » Bethlehem Steel.. ... Bethlehem Stl pt (7) Blaw Knox (50c) Bloomingdale Bros Bohn Alumn (113) Bon Ami (A) (15). Borden Co (3). Borg Warner (1) Briggs Mfg (1)... s €% in stock. B Paid this year—uo sier e N cach or sto-k. { Plus 8% in ftock. hPlus 2re I8 Plis 31 in special preferred stock. k Plus 37 in stock. st n lar rate. nPlus 5% in stock. B Plus FIRST MORTGAGE NOTES wrcd appraiscd r Ezer on Stlver. . 2 Int Tel & Te ex(hC) Int De; 141, Island Cr sid After the soaring prices of Thurs- and Saturday more or less profit- 2 by professional traders was held day attendance in the brokerage houses here in the past few days has Briggs&Stratton(2). Bklyn-Man Tran (4). Brown Shoe (3). Brunsw-Balke. Bruns Term & Rwys. 241, a9, =4 13% 12 Investors E 157 Johns-Manville (1 RR Johns-Manv pf (7 7% Jones & Laugh pf(7) Kansas City Southn. <arstadt (Rudolph). day o took charge of the annua the concern and nominat of directors favorable to the Giannini interests. POTATO MARKET. A dispatch to the Commerce Depart- ment, in reporting the situation, said the textile mills and some shoe fact are operating on satisfactory schedules while other industrics report little change for the better. Automobile deal- | meeting ed a set ers Yielding 6% ‘:fi Sl s ,~,._H i A profitable offers Secured on investment that the maximum of safety. producing properties in the Nation's Capi- income title guarantee ble title ¢ anticipate a CHICAGO. February 15 (#) (United ment in States Department of Agriculture).— iron an Potatoes, 106. on track, 219. total United States shipments Saturday, 852 Sunda 15. about steady: trading rather slow: sacked. per hundredweight, Wisconsin round whites. No. 1. 80a85: unclassified. 721,a75: Idaho Russets No. 1. 1.35a1.45; fancy, 1.50a1.60; No. 2, | 35a1.00 Budd Wheel substantial improve- and demand for tol Let us send vou_a list of our current offerings Denominations as low as $100 Monthly Payments if Desired Send for Booklet. “The Success Plan” wn ccnclusively that there is still intense interest in the moves of the v York Stock Exchange securities. While is stated that the public is not in the market. yet there are plenty of people ready to go in when they 2 Brers (A M). think the turn has come. And a mod- Byers (AM)p 9. Kennecott Copper erate amount of investment buying is California Packing 1. 160: Kimberly Clark 235 .. €oing on all the time. i lumet & Hecla Kreste (S ) (1.60). 3 Canada Dry (1.20) Kress (SH) Co (j1). Attend Trust Conference. Canadian Pacific 15 Kreuger & Toll 1.61. T. Stanley Holland, trust officer of Capital Admin (A) Kroger G the American Security & Trust Co. Case (J1) Co. and Sidney F. Tailferro of the trust| Case (T 1) f (T) nent of the Riggs National Bank. | 15 Caterpillar Trac (1).x tending the Eastern Regional Cavanaugh-Dobbs ) « « « K'm&nn Dpt Strs(1). Bullard Co Kayser (J)&Co (1).. Burroughs Add e oring Tm’ Bush Term deb (7).. 10 W 56 e e ot 40s ; " w| Rutte Copper & Zinc. s : IN DENOMINATIONS OF $250 BOSS & PHELPS 107 K st fayes Wheel ator Corp REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFCRD Applications _invited on high-class apartments and dwellings. and particu- larly on well located business properties. for 2.5 or 10 vears. if <o desired. 1520 K St. NW. National 0475 CORPDRATION 1610 K St. N.W.«< National 1403 567 441, Lambert ( a Lehigh Val ¢ 1= Lehizi 4314 36 Leh 61 « Li 16% 12'. Lima Locomotive. 13% Link Belt (1.20).....x 18 : Liquid Carbonic (2). 317 Loew’s Inc (t4)..... Lorillard (P) (2.20). Lorillard (P) pf (7). Lou Gas&El A (1%). Louisville & Nash(4) Ludlum Steel First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company. Inc. ENTERPRISE SERIAL BUILDING ASSOCIATION 7th and Indiana Ave. N.W. LOANS On improved District of , Columbia Real Estate Se:unty 67th Series of stock now open for subscription E. Connelly, James F. Shea. T Secretary COLUMBIA BUILDING ASSOCIATION PAYS 5% New Accounts Solicited Conference, which opened in “avanaugh-Dobbs pt York toda An unusually good ‘entury Rib Mills m has been provided. the trust erro de Pasco (1). ness being approached from evers Checker Cab Mfgr. These trust conferences have Ches & Ohio (212) . held for several vears and are Chesapeake Corp(3). owing steadily in importance. Chi & Eastern 111 pf. ChiGreat Western. . Chi Great West pf... Chi Mil StP & Pac. Chi Mil StP & Pac pf Chi & Northwestern. 387 Chi Preu Tool Chi Rock 1 & Pacific. ChiR1&Pac 6% pf CRiRI& Paci% pe. 2 Chrysler Corp (1). LIFE 85,000 INSURANCE o 34465 Annually (At Age 35) Send date of hirth for illustration Open Until 5:30 P.M. Today vyour Advisable to Review YOUR Will Institute Banquet Great Success. Members of Washington Chapter, American Institute of Banking. toda: were discussing the annual banquet held Satufday night. There were 531 embers and guests present. The al notable in having so ma 1 officer here, Mr. Mergler, the 1 president. making an excel- address. Attorney Frank J. Hogan at his best. his wit keeping the e in roars of laughter. The ace entertainment was also of a high r. All the committee heads were ing many deserved congratula- tions today. ipany’s Assets, £700,000,000 M LEROY GOFF 1036 Woodward Buildirg Nat. 0310 Insurance Exclusively Over 20 Years 2) McKessport TP (4). McKesson & Robbins MeLeilan Stores. Mack Trucks (1).... Madison Sq Garden. 5 Maema Copper(30e). 1 Manati Suzar pf, 1008 Manhat Eley mod gtd 7 “oca-Cola (+ g . Marine Midld (1.20). 24 ‘O‘A:‘::?n"['!p)ftfil.. 4 A Market Street Ry. 308 s & Alkman. 1 : 2 B 9 Marlin-Rockwell (2) Colonial Beacon..... 2 . E Marmon Motor Car.. Columbia G&El(b1l4 98 Marshall Field & Co. Columbia Carbon (3) Mathieson Alkill (2) Comm Credit (1.60). May Dept Stores 1 so: 2 Comcl Credit A (3) MayiaeCo - . Comcl Cred 1st(63). - . . Comel Inv Trust :’z). 2 Meb-Cold I;‘l:rpl 1.89. G v T war sta. iami Cop: :m;’,i'r‘n?v pfies?. Mid Continent Petm. Comecl Solvents (1).. Midland Steel (3). Comwith & Sou(30c) Minn Moline Pow.. . Comwlth&Sou pf (6) M StP & SSM Isd (4) Congolm Nairn (1)..x Mo Kan & Texas.... Congress Cizar (1).. Mo Kan & Texas pf. Consol Film. ... Missouri Pacific. . Consol Film pf Missouri Pacific pf. . « Consol Gas N Y (4).. 16 Monsanto Chem 11 . Consol Gas NY pf(5) Montgomery Ward. . Consol Textile. Motor Meter G & El. Contl Baking (A) Motor Products (2) Contl Baking (B). ... JMotor Wheel Contl Baking pf (8). Mullins Mfg..... Contl Can (214) ... Mullins Mfz pf. Cont Diamond Fibre. « Murray Corp Cont Insur (2.40) R MotosaI (). Contl Motors. ... SH.CHAt ESEDI.. . Contl Oil (Del). reldeek ContlAares at Biscuit (2 Corn Products (3). i A) CotyInc.......... at Dairy (2.60). 3 Cream of Wht(t2 Nat Dist Prod of $1.50 a share. payable March 1 to Crex Carpet . at Lead pf A (7) stock of record February 15. Crown C'k & at Pwr & Lt (1). - . - % Crown Cork pf NSt U. S. TREASURY BALANCE. The United States Treasuy balance announced today as of close of business Febuary 12 was $567.549.974.75. Cus- toms receipts for the month {o date were $10.513.605.66. Total ordinary ex- | penditures were $8.930,136.22. SILVER QUOTATIONS. NEW YORK, February 15 (#)— Noon: Silver futures barely steady, sales, 1,875,000 ounces. Quotations in cents: = wuhle wane The d and other s advisable that W\ some vised. “ Our be glad about adding co draiting your \\' time ago. be caref Cluett Peabody pf (7 1nn< Dept. offic advi wit Trust WE PAY 5% INTEREST ON YOUR SAVINGS THE SECRET OF SAVING is Persistency! A regular certain sum (even small) deposited each pay dav steadily. persistently with “Wise determination Teach 'the Rabit of thrift. The road o ‘success "lies in” that direction. Open Daily 9 to § Saturdays Until Noon [NATIONAL | PERMANENT 'BUILDING ASSOGIATION] 949 NINTH ST NW. uuvfl SUPERVISION OF B3.7I 0 000 g Organized 1879 52nd YEAR COMPLETED Equitable Co-Operative Bldg. Ass’n JOHN JOY EDSON, President WALTER S. PRATT, Jr,, Secretary icils or re- Coast Line Nets $2.44 a Share. The Atlantic Coast Line Railway Co. in preliminary statement for vear end- ed December 31, 1931, shows net in- come of $2.020.857 after taxes and charges, equivalent after 5 per cent preferredsdividends. to $2.44 a share on 823427 shares of common stock. This compares with § 4.591, or $7.58 a common share in 1930 T. H. Seay has been appointed con- roller of the Southern Railway System nd Mobile & Ohio Railroad. succeed- g E. H. Kemper, deceased. W. H. Luckett has been appointed general audit succeeding Mr. Seay. Interest Paid on Savings 15th Street Opposite U. S. Treasury MORTG G Trading on D. C. Exchange. Trading quiet on the Washing- ton Stock Exchange today, being con- fined wholly to bonds. Two 41,000 sales were recorded in Washington Gas Light 6s, series A, at 100 and $500 Capital Traction 5s changed hands at_60. It was announced that the directors of the Lanston Monotype Co. have de- clared the regular quarterly dividend No Commissions Charged for Loans Open Until 5:30 Government Pay Days 716 11th St. N.W. Under Government Supervision LARGE OR SMALL— ALL ARE ALIKE Whether yow invest much small amount in our or a 6,9, FIRST MORTGAGES ame type of Cuban-Am § Curtis Publi Curtis Publish pf(7) Curtiss Wright. .. Curtis Wrizht (A) Cutler Hammer v Con Cop ewton Steel. .. Y Air Brake. N Y Central Y Chi&StLp Y & Harlem (5) X Y Investors. ... H & Hartford. NYNH&HDL (7). vour money has the security ; and receives the same rate of interest—uninterruptedly through- out the term for which the mortgage runs. Back of them is conserva- tively appraised improved Wash- ington real estate. 10 Deere & Co pf (1.40).x $ Over a Third 6512 Delaware & Hud (9). 15 4 v 17% Delaware Lack & W. 1936s Y Ont & Western. . c 2 : Devoe & R 1st pf (7). 10s 95 g oranda Mines (2). March. 3062 bid: May, 31.10; July 121; Diamond Match (1).x 3 15 5 5 2 Vot folk & Southern. 31.55 bid: September, 31.80 bid; Octo- 21% Diamond Mtch pf 1%x 3 2 2: 3 3 Norf & ‘es(fll (" 2). ber, 31.95 bid. 9 712 Dome Mines (1) 6 ? Y ort: Am',;;o.' s - 13 Dominion Storestll} 3 5 e 5 9 or Amer % 10% NEW YORK BANK STOCKS ; 51 Dresser MfgB (2).. 1 14% Norther Faclfe (e Drug Corp (4)......x 24 4 2 5 OhloOil l?l 461x Dupont de Nem (4).. 534 5 5 5% 1 Oliver Farm Equip. NEW YORK, February 15 (A.— Diosntas Nurd) 2 : Tk T et # Over-the-counter market Banks. ....$6,124,601.00 Assets...... Subscriptions for the 102nd Issue of Stock Being Received Save as You Earn —ab 52.50 of a Century T 10 201 Without a " May be purchased in amounts from $250 up—and upon our con- . = \. venient Partial Payment Plan if you so wish. B. F. SAUL CO. National 2100 925 15th St. Loss 161a Otis Elevator (33%) Those who have learned the lesson of systematic saving are always prepared for every emer- gency. Join the Equitable and v thi ch pay day. Per Share save something each pay ¥ —r 915 F St. iy e = 512 Otis Steet n Asked. | 118 116 astman Kod pf (6). 40s = 3 7% 4% EatonAxle& Spr30c. 4 Tachc Gas £ EI (. 26 i3 7| 1% ' Eitington-Schild. 6 ; " Pacific Lighting (3). 11 1650 1750 121, 5% Eitington-Schild pf. 2 Pacific Mills. ... 2008 3 39| 3. 23% Elec Auto Lite (4). 163 Pacific Tel&Teleg(7) 1108 e 3R 4 2 Elec&Musical Instru 41 il 2 § Packard Motor Car.. 128 1312 10 Elec Pwr &Lt (1)... 113 Panhandle P& R pf. 208 59 421 Elec Pwr & Lt pf(6). 5 = Paramount Publix. . 50 63| 64 47 ElecPwr&Ltpf(7). 4 , 1% Park Utah 32 25'; Elec Storage Bat (4) 2 3% 3015 - 1% Parmelee Transport. 36 251, Endicott-Johnson(3) 14 3 % Pathe Exchange 235, 18 Eng Pub Sve (160).. "x 1% Pathe Exchange (A). 11 1412 Eng Pub Sve pf (5).. 23 " Penick & Ford (1). 5 5% 26k ey (1o e, 17 & % Penn Dixie Cmt pf. S EdeRRIaE 174 Penna Railroad (2).. 49 3 Bid 3814 2002 155 Chase Chatham Phenix Commercial National zal New York. Trust Companies. Bankers Brooklyn Cent Hanover . Chem Bk & Tr Cont Bk & Tr Corn_Exchange It Empire 5 Guaranty ... 10 I 9% THERE IS NO SUBSTITUTE FOR SAFETY t-znyfacturers [l New york .