Evening Star Newspaper, December 7, 1932, Page 15

§ ONBOND MARKH M Classes of Securities $trong as Cheerful Mood Develops. Special Dispateh to The Star. NEW YORK, December 7.—All classes ©of securities were strong today. There was & more cheerful feeling in invest- ment circles, without much explana- tion of its cause. The fact that for- dollar bonds directly related to war debt situation were in and at higher prices suggested the lief that the December 15 payments ‘would be made in a manner satisfactory to both debtor and creditor. The strength in United States Gov- ernment issues was obviously due to the low rates of interest at which the new offering of notes was made today. Phone Issues Recover. Kingdom 5%s advanced & e e bolnis above the Te- UNITED “ATR (Bales are in $100) Lib3%s 32-47.... lfl! Lib 1st 4%s 32-47 1026 1024 Lib 4th 4% 5 33-38 10! 3348 46-49. 3 30 m11 6 10 9728 HN ¥sM41-43.. 1019 1019 %5 J 40-43.. 10114 10114 10030 100 27 10216 10210 10415 1045 10815 1087 101 31 102 1026 10819 969 9726 1019 101 14 100 30 10214 10415 108 15 Bales. nllh- Alleghany 5s'44 Alleghany 54’49 Alleghany 5s '50 Allis-Chalm s Am Chain db 6s . AmF P 582030, Am Intl 5%s 49 Am Metal 5%5'34.. Am Sm&Ref 5s 47, Am Sug Ref 6837, Am T&T 4%s'39. . Am T&T c tr5s'46. Am T&T deb 68 '60. Am T&T deb 58 '65. AmT&T 5%5'43.. Am Wat Wks 5534, Am Wat Wks 6s'75 Am Wr Pap 6s°47.. Antioquia 7s *45 Argentine 515’62 , | Argent 65 '61 M: prices of the year, with one at 120 and n: other at 125. German mrnmenl 5348 rose a point. ‘The largest were in the Inter- national Telephone & Te|egl‘lmrh d&zl and 5s, which had slumped day. The one issue gained 3% poinu by midday, which carried it back to the previous day's level, and the other rose about 2 points, Chesapeake Cor- poration 5s rose 2 points, New York Central rnfl.mdlngr U/gs :ere \;.p 2% nts and gains of 3 to 2 points were mz the' issues of the Missouri Pa- cific, t Northern, Baltimore & Ohio, Canadian Pacific, Erie, Northern Pacific, Chicago & Northwestern and hany Cotporation. m:h grade corporation bonds re- flected the cheerful mood of the invest- ment market. Union Pacific refunding ll advanced nearly 2 polnta to about At 4s again sold Shove 92, Bs were around their highest prices of the year. o U. S. List Advances. American Smelting & Refining 5s ‘Argentine 65°59 Ju Argentine 65’59 Oc Argentine 6s A '57. Argentine 65 B '58. 87 Arm & Co 4%5°'39. 11 Arm Del 5%5"43 Atchis 4s 1905-55. Atchison adj 4595, Australia 4%s '56. . Australia 5855, Australia 5s'57. Austrian 75 *48 Austrian 78’57 B&O1st4s'48, B&O4%s'33, B&O4%s5'60.... B&Oref5s'95.... B &Orf5sD 2000, 3 B&Orf6sC'95.... Batav Pet 414542 Belgium 6s 55 Belgium 6%s '49 Belgium 7s'55 Belgium 7s°56 Bell Tel Pa 55 C'60. Berlin Cy El 88 '55. were offered_above the recent issue United Drug 5s and Stude- baker Corporation 6s were about & point m{hfl gains in the United States GM- ernment list ranged from % to Y. The Tour-peas nates “"’m"“"w?&', 35 e -year notes com s cent ,f‘or a similar maturity_isst .ut rate of IY August, and the one-year % per cen certificates compare with & rat cent for 12-month paper offered in only of nominal amount. b (om:m-m. 1032 —_——— Washington Stock Exchange SALES. Trac Co.—10 at 414, 10 at 4. Sotamac n«%”e s % ok, Potomac %% prd—10 at 106%. AFTER CALL. rashington Gas Gl B—$100 at 102 ¥ n Gas 6s 100 at 99 $200 2t 99%, $300 at 99 Bid and Asked Prices. BONDS. PUBLIC UTILITY. 1. & Tel. 4%s ‘39 fl"r"l..a’re fad Bid. Asked, gL R. B 2% Bes fover Siln ol aih: B : S:' ol 86% ”'-a'v.m:“-"’"""’" R R R NATIONAL BANK. “Say. & T Oeornn Bk > T @ 85) AR 14).0 SAVINGS BANK. 6 fi:l le“'-gnd?lé . «u W’"‘“ Catates (30 ‘ash. Mechanics FIRE INSURANCE. American (12) . orcoren (10) Tipomen's (&) National Union’ (i5) .. TITLE INSURANCE. olumbis (6h) eal Estate (6h) 1, Medical Blc, ist. Natl. Sec. s 3 umemn.m Linotype athMeige. & IovBIC, ) es & ux ores S gyt ity Btorage (o Ret. & Wh. d. & Lothsop pfd. ividend. close 1260 extra. 130c extra. % extra. Market Averages By the Assoclated Press. ’ZSS d £ jobsg Drtombinis oo i SR e B :':hu'o'o:"a;-—:n?oa e ot i 5 on: ESamwabSanaoe! o e 20 20 Todus. Rails. 621 60.1 ez any it g2 B33 SatwgatSN — Berlin 634850 Berlin CEl 6% Berlin C El 6145’59 Beth Stl pm 5s '36 Beth Stirf 5542 Bolivia 7s '58 Bolivia 7s '6: Bolivia 8847 Bordeaux 6s Bos & Ms 5 Brail 6145 '2 Brazil 6%s Brazil CR Brazil 8s '41. Bremen 7s '35. Bklyn Ed 55 A '49. Bklyn Elev 6%s Bklyn Man % Bush T Bldg 5s'60. Calif Packing 58’40 Canada 48 '60. Canada 4%s°3 Canada 5s '52 Can Nat Ry 4% Can Nat 5869 July Cent Pac §8°60.... Cen Ry NJ gn 55’87 Ches Corp b8 47 Chi Grt West.4s'59 C M StP&P 55'75. . CM &St Padjbs... Chi&NW 434s 2037 Chi&NW 415sC'37.. Chi & NW 4% 549, Chi& NW 6 Chi Rwys 5s "2 Chi RI&P gn 4 Chi RI&P rf 4s '34. ChiRI& P 41,8'62 ChiRI4%s8'60.... Chi Un Sta 4%s 63 Chi Un St 55’4 Chi Un Sta 5s Chi Un Sta 6%s'63. C & W Ind cn 4s'83. Childs deb 5543 Chile 6562, Chile 6563 Chile 75 *42. Chile Cop db 55 47, Chile Mtg Bk 6s 61 Chl Mtg BK 6% 8 '57 Chl Mtg Bk 6%s'61 Chin GvtRy 68 '51. Cin Un Trm CCC & StL & el. Clev Term 58 B ‘73 Clev Ter 5%8A"12 Cologne 635 '50... Colomb 6561 Oct. . Col G&E 58 '52 May Con G NY 4%s'51 Con Gas N Y 55 '57. Con G NY 5%s'45.. Con Pow Japan 1.” Consum Pow Copenhag 4%8 Copenhag bs '52 Cuba 538°45... Cuba RRrf 7%8'36 Czecho 8s'52...... Del&Hud ref 4s°43. Denmark 4%s'62., Denmark 5%s Denmark 6s'42. D& R Grcn 4s '36.. D&RGr4%s'36.. D&RGWSsSS.. D&RG W 5s'78. Det Ed 4%sD’6 Det Edison rf 5549 Det Edison §s'52. . Det Edison 55 55. . Dodge Bros 6s '40. . Dugquesne 43% A '67 DEI5%s 53 Mar. Dutch East 165'62. Erfecv 4s A Erie gen 4s 9 Erie ref 5575 Finland 61s '56 Fla E Coast 5574 French Gov 7s Gelsenk’'hen 6 Gen Baking Gen Motors Gen St Cas 5%8'49. Ger Cent Bk 68°38. Ger Cen Bk 0J Ger Cen Bk 6s'60 O Ger Cen Bk 7s '50. . Ger Gen Elec 6848 Ger Gen El 7s'45.. German 6%s ! German Rep 78 '49. Del P'w&Lt4 %871~ ZB 53 19 wo - e » S onSeansBororon R oanmommomo -2 o S B m el 8% 25 1 102% 102% 2 112% 112 HoaoE " &oewegssnuwmuoquflmoa 59 23 16 Beobn .i“....o..n ool 15 6 ".10¢ 13 7 2 -6 13 2 1 19 39 33 5 9 4 28 ! Grtl\or‘%ll"fl. GrtNor 58 C'73ea., 10 7 69 THE EVENING STAR, WASHINGTON, D. C. "NEW YO R K K EXCHANGE Grt Nor gn 78°36.a: 20 Greek 6568 Hungary 7%s 711 Bell Tell 58 T11 Cent rf 48 °55.. 111 Cent 4% '66 111 Cent 6% s "3 Il CCStL&N 58 A.. 111 Steel db 43540, Inland St 4%s A'T8 Inland St 4% s B'SL. Int Rap Tr rf 58766 4 Int& G Naj 6552 Int Hydro El 65’44 Int Pap ref 5s A'47 Int Pap 6s '55. Int Ry C A 5s” Int Tel&T 43%s " IntT&T 4%s'62 IntT&T 6855 Italy 7s'51. Italy Pub 7s Japanese5%s Japanese 835 54.. Jugos Bnk 78'57.. Kan CF S&M Kan C P&L 4% Kan City Sou 3s'50. Kan City Sou 55'50. Karstadt 6s " Kend 5%s"48 Kresge Found 6: Kreug & Toll5s’ Laclede Gas 5s'34. Lake Shore 31 5'97. Lautaro Nit Lig & Myers 7s ", Loew's 6s '41 Long Isl db Lorillard 7 La & Ark bs 69 . Lyons 6s'34. McKes & R 5%;'50. Manhat Ry cn 4s'90 Market St 7s A "40, Marseille 6s'34.... Midvale Stl 55°36... Milan 6%s’52. ... Mil E Ry&L 65s°71.. MSP&SSM 5s gt'38 MK & T adj 58 '67. Mo Pac gn 4s°'75 Mo Pac rf 5s A "65. Mo Pac 58 F'77... Mo Pac 55 G, Mo Pac 5s 1'81 Baln sBon o 12 5 4 4 ‘lt 3 Mo Pac 5%sA'49.. 5 Mont Pow 5s 43 Montevideo Ts Nassau Elec 4s 51, ST Nyore 43520130 NYCrf6s2013... NYC&StL 4%s'78. NYC&StL5%SA'T4. NYC&SLL 1st 65'32 N Y Edison 55 C'51. NYEdrf 6%s 41, N Y EL H&P 45’49 NY EL H&P 5s'48. NY NH&H 3%s54. NY NH&H 33556, NY NH&H 4%s 67 NY NH&H 6548, .. NY O&W rf 45'92, NY Rys Inc 6s 6 N'Y Steam 5556 N Y Tel gn ¢%s NY W&B 4%8 "4 Nia Sh Md 5% Norf Sou rf §s Nor & Wn cn 4s " Norf&Wn div 48" ll North Am Co 55 ‘61 Nor Am Ed s C'89. Nor Am E5%s8’63, N Ger Lioyd 68 47. Nor Pac gn 35 2047, Nor Pac 4s'97..... Nor Pac 4%s 2047.. Nor Pacr i 6s 2047, Nor St Pw 5s A "41. Nor St Pw 65 B'41. Norway 5s'63..... Norway 5%s '65. .. Norway 6s '43 . Norway 6s’44. . Norway 6s 52, . Ogden&L Ch 4 Ore Sh L 5s gt Oreg-Wash 4s°61.. Orfent Dev 518 '58 Orlent Dev 65 53. . Owens I11 G1 5539, Pag GRE 5s'42 Pac T&T 1st 5 Paramount 6s'47. . Param-Pub 5%s'50 Paris Or 5%s'68 Penn 43s D81, Penn cn 4% '60 Penn 435 D70, Penn 4%s'63. Penn 55 64, Penn 6%s'36.... Penn PAL 4345 §1. Peop Gas ref 5847, Pere M 1st 45'56. .. Pere Marq 4% '80. Pere M 1st 5856 46. Phila & Read 65 '49 Philippine R 45 '37, Phillip Pet 5%8°39 Pillsb F M 6543, ., Poland 6540 Poland 7s Poland 85'50. .. Port Gn El 445 '60. Pos Tel & C 65'58. , Press Stl Car §s'33 - o.-..nmam...mEan-»mu-uu-n - we - Srafunalilos abmownr NEIRANABHGB :n PY=-T TSP @ S Prussia 68 '52 . 8 Prussia 6%s Public Serv 48 PubSvG4% Pub Sv G 4%s'7 Pure Ol %837 Pure Oil 5%s 40 Queensland 7s"41 Radio-K-Or 6s "41.. 65 | Reading 4338 B'97. French Gv T%s '41. T4 125% 60% 98 60 56 1% 50 48% Rem Arms 6s A '37. Rem R 5% 8A’4TWW Rhinelbe U 78 "46. ., 53.., 1 Rhine Ruhr Rhine West Rhine West Rhine West Rhine West 78 Rio de Jan 6%8°53. RioDeJan ext 85’46 R Gr Do Sul 6s°68. Rio Gr W clt 48’49, RIAr&L4%s'34. Rome 6348'52. Royal Dutch 45 45+ Rumania 78 °59.... StL IM R&G 4s'33. St L&SF 48 A '50. . StL&STF 4%s'78. St L&SF 58 B'50... StL SW 1st6s” \tP&kchd‘fi 4\. St P Un Dep 5s " Sao Pau 7s '40 Sao Paulo 8836, .. Sao Paulo 85'50. .. Saxon P W 63851 Saxon 75’45 Seab A L 68 Serbs-Cr-817 ‘2 Serbs-Cr-S1 Shell U 011 Shell U O 5s Sou Pac rf 48'65... Sou P 4% s Sou Pac 4581 Sou P&Or 4% Sou Ry gn 4s Sou Ry gn 65 ‘56. Sou Ry 6%s '56, kid 961 | SW Be!l T bs 100% * St O1I N J 68 104% 44% 45 46 45 & St Ol N Y 4% !llld‘hl.r‘l'l Sweden § Bwiss 5% Il CURB CLOSES FIRM BUT TRADING DRAGS 4| Dullness in Final Hours Con- trasts Sharply With Earlier Activity, BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, December 7.—The Curb Exchange closed firm today, but dull trading in the last two hours con- trasted sharply with the liveliness that characterized earlier dealings. Electric Bond & Share finished s trifle below the best levels of the day. ‘This was true of American Gas and Elec- tric, though it declared its regular com- mon quarterly dividend in mid-after- noon. Mountain producers responded to its regular d!-bunemmz but Amer- ican Su wer first preferred and Davenport Hosiery Mills ignored their distributions. Power rose levordchrolncl as Axton-Fisher Tobacco A 5% points. Cuban Tobacco dchned several points. Montreal Light, Heat & Po'ud.ry u.é“gm;y“:m ed. Ofti 5 es Service and Standard Oil of Indiana were quiet and steady. Aside from the movements of foreign exchange, some steadiness in overseas markets and the midweekly trade re- views, there was little in the way of overnight develop: to account for carly firmness. inted out, however, that most lines of business are paying no attention to security move- ments and for that reason some cor- porations at present are earning unex- pected profits. Quaker Oats preferred responded to the announcement that the company, in conformity with declining prloe of oats, has reduced its breakfast lines, This brings the company’s ret.-ll lists from one-third to one-half than those prevailing two years (Copyright, 1932.) BONDS ON THE CURB MARKE' le: lAmel’ P & L 6s 2016 Am 4 1 s ‘47, 3Am Ral if® as' s 1 Appaich Oas 6s B 40 ago. o 83 B es 20001413 T D0 DO 19t 53R RS ARG S W OO0 I e 15 1t I DAL b 0153 1 S 2ed! o 29, 871 871 s muu 1047 412 412 £ 55 = 5 3 ) ] 5 of S e 29 o, i ! S P S 6s 2026 71 by MCNRL 5s '42 5 26 Gy By '35, 8 ZEREREL EEREEE g ] b Pw 4lps ‘81 ow Eng G&E Bs 'é7 9 ] ] 1 253115 B 0 DS 13N D 13 222222 “ ) 5 H ot 3 ] ki &3 2y {3 TEE00: 2055 M ST 4515 4515 983, 9R1Z 9K, 597" 59 B 80, 59 1n2l~ mig m: i 7n A TR ,n! H l?\o% 100% nm- mla “gh 160% 80 801 0% 100, Y oy 200! " IO D DA 2 S 2000 S D0 e 1 LB TerTu8s 4 57 3 Buen Air Pro 7s O Buen Air Pr 7ls & XV Without warrants, wi—When issued. Sales. Taiwan EP 5348’71 12 Tenn E1 P 6s A'47. 10 Ter AsStL4s'53.. 1 Ter AsStL5s'44.. 5 Tex Corp cv 55'44. 32 Tex & Pac 5s B'77. 50 Tex&P5sC'T). .« 23 Tex & Pac 5s D '80. Third Av adj 55 '60. 6 Third Avrf4s'60.. 4 Tob P NJ 63 2022 50 Toho El Pw 7s'55.. 5 Tokio bs '52 10 Tokio 5% '61 3 Tokio El Lt 65 '53.. 34 Un EIPSLref 5533 3 Union El L&P 58’57 10 Un Pac 1st 4s°47.. 12 UnPac4s'68...... & UnPacrf4s2008. 6 Un Pac 4%s'67. 2 Un P 1st rf 65 2008. 23 Unit Drug 5s '53. 13 Upper Austria7s" 45 2 Uruguay 65 '64.... Utah P& L 55°44 Util Pw 58’59 ww Util Pow 538 "47.." ‘Wabash 24 ‘Wabash 58 ‘Wabash 5%s '75 Warn Br Pic 65 ‘Warner Sug 78 "41 ‘Warren Bros 65°4: Warsaw 7s'58 West E1db 5s West Md 1st 45 West Pac 58 A "46. West Un el tr 58 West Union 58 '5 ‘Wil & Co llt.l'fl. m 6s°61,.. Ygstn S&T 55 A"78., !lltl A i Ne Received by Private Wire Direct to The Star Offien. Stock and Dividend Fate. Add 00 0. Afr InvInc vtc..... ‘Ala Grt Sou pf (3). 508 Aluminum of Amer 13508 Alum Co Am pf (3) 5008 Alumn Goods(60c). Am Austin Car. ‘Am Beverage. Am Brit & Cont. Am Capital pt. AmCitlesP& L B.. Am Comwith Pw A. Am Cyanamid B. . Am ElSc pt pf new. Am Equities. . Am Founder: . Am Gas & El (31)..! Am Investment. Am Laun Mch 1.20. 150s Am Manufacturing 258 ‘Am Superpower. 4 AmUt&G B vte. Arkansas NtGs A. Asso Gas & Electrie AssoG&EA DG % Asso Tel Utllities. Atlas Util pf A Axton Fish A 3.20. Blue Ridge... Brit-AT cou B knc. Buff N&E pf (1.60). Burma rets (2 1-5¢) Canadian Marconi., Cellulold Corp. . Cent Pub Sve A. Cent States Elec Chain & Gen Eq. Che.ebrou:h(tufi) 50- Chief Consol Min. . Childs pt. Citles Servic Clev Elec Illu 1.60 Col Ol & Gas vte. Comwlth Edis (5) Cons Gas Balt 3. Cons Gas Util A, Cosden Oil pf. Creole Petrole: Cresson Cons (klo) Cuban Tob vte, Deere & Co. .. Duke Pow (5).. KEisler Elec Corp.,. Bl Ba & Share b6 % 3. R Bd & Share pf 6. K1 Bd & Share pf 5. Elec Pwr Asso(80¢c) Elec Pwr As(A)60¢ Elee P& Lt 2d pf A 2 Elec Shareholding. Elec Share pf ww. . Evans Wall Lea Federal Baking. Federated Metal Tisk Rubber (new) Flintkote (A)..... Florida P & L pf(7) Ford Motor Can A. Ford M Ltd....... Foundation For Sh. General Alloys. ... General Aviation. . Gen Theat Eq cv pt Glen Alden Coal. .. Globe Under (k20c) Goldman Sachs. ... 2% Great A & P n-v(17) 108 146 Gt A &P Tea pf (7) 40s 118% Guif Oil of Pa..... Hall Lamp (ke Hamliton Gas vte. Hecla Mining..... Helena Rubinstein. Horn & Hard (2%). Bk HHONN R RaR B £.8 NETOPR e 2 & Bruwrnwe nows * | Humble Ol (2).... Hydro Elec Secur. Hygrade Food..... Imp Oll of Can 50c. Ind Pipe L (t25¢).. InsCo N Am (2). Insurance Sec. 1 IntHyElSe¢ Dfl% 508 20 SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co) Offer. Alis-Chalmers Co. 5s 1 American Chain Go. ts A'n!r T(] & Tel. Yas Wks. & El 55 gm}tfll’munfl& Ohio 4748 14 elding Hemingw, Bethlehem Steel .l ::’ 2l s 1. Commerciai Credit 5'ss 1 laware & Hudson bs Den. & Rio Grande 4%as 1 Gen. Mot. Accep, Co. & ©ais 43 1o Northivest. Telep. 475 1034 Penna. R. R. C Uniog Oil coPOCam 528 } a. RWwy W Wabash Rwy. Go. 5s 1030 - Dividend Rate Cut. NEW YORK, December 7 (#).— | Jewel Tea Co. reduced the common stock’s annual dividend rate to $3 from $4 today, declaring a quarterly disburse- ment of 75 cents, payable January 16 to | stock of record December 30. First Mortgage Loans | Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. The (lwommem'al National Bank 14th and G Streets Complete Banking Service SECURITIES )y direct Pir: t';lxn! !nomenr,-«cuud Rt flllclll‘ properties in In_Denominations ‘Monthly Pawutflt.v II Deflufl REAL ESTATE MORTGAGE AND 1610 K Street = ° Nat. 1408 FIRST MORTGAGE is the time to create a CASH RE- SERVE against the time when your earning power may be decre: The National Permanent pa a high f return—5% on ‘all savings accounts. Start yours today. Open Daily 9 to § Saturdays Until Noon AATION G PERMAN ENT BUILDING ASSOCIATION a2 | WEDNESDAY, DECEMBER 7, 1932.° 33% | Ohto Copper. ... % | Stand O1l Ind (1) % | Swiss Amer Bl pf. Starrett Corp.. \ FINANCIAL, '$%rd' YEAR COMPLETED Eqmtable Co-Operative Bldg. Ass’n JOHN JOY EDSON, President WALTER S. PRATT, Jr, Secretary AsmetS. .. ooiiiiiiiirnnennas . $6,251,00624 Subscriptions for the 104th Issue of Stock Being Received e 1o M i SYSTEMATIC SAVING Ahways remember it is not ‘what you earn, sz-so BUT WHAT YOU SAVE THAT, PER SHARE Lake Shore Min(13) T.efcourt Realty pt. Lerner Stores Lion Oil & Refin. .., Mayflower Asso(3), Memphis Nat Gas.. Midl West Utilities COUNTS. The Equitable is helping hun- dreds to become financially recognized thru their Systematic saving plan. Are you @ saver thru this plan? If not—then join today. 915 F St. NW 34 Niag Hud (A) Wars NiagSh MABb5%. 6 Noma Electric Corp § Novadel Agne (4) Pac GAE 1stpf1% Pacif Tin (spel) Where There Is Cash there is worry about its safety. You can not have one without the other. Thousands of people in Washington and vicinity enjoy the convenienee of cash without its risks by using the modern checking account service of the Union Trust Company. Interest paid on Checking and Savings Accounts Unlon Tr mpany OF THE DISTRICT § f OF COLUMBIA SOUTHWEST CORNER Quaker Oats pf (§) 10s Rainbow Lum B, Reliance Int A. Reybarn. 6 Reynolds Investing 4 Royal Typewriter.. 1 suoly Car H & Lt. 5268 St Regls Paper. Salt Creek Prod Sec Allled Cp(k25e) 8el Ind all cfs(5%) 1073% 107% 107% % % W {Kfléfli Simmons Board pf. Smith (A0)... So Am Gold & Plat. Sou Cal Ed pf C 1% Southland Roy 20¢. Spleg May Stern pf :g—,,,.,.a tand Oil Ky 1.20 Stand P&L pt (7) 3 Starrett Corp pf. Stinnes (Hugo) Stutz Motor Car. Sun Investing pf... Swift & Co. Swift Intl (t4). PTPTRIPRRPE ST TPPREr S PN P Technicolor. Tech Hughes (§8¢) Texon OlltLd 1. ‘Tobacco Prod Del Union Am Invest Un Oil Assoe (1). United Corp war. United Founder: S.ARE FIRST MORTGAGES A GOOD GIFT TO GIVE You cannot make a gift that will be more appreciated than an invest- ment in our 6% FIRST MORTGAGES The one thus remembered by you will enjoy continueus returh on your generous gift; and then there will be the principal, intact at the maturity of the mortgage, which has been secured by improved Washing- ton real estate. Util&Industrial pf. Van Camp Pack, Walgreen Co. West T &S (p Wool Ltd kll 1-e. Wright lel("Oc) Ol & Gas (A).. Yukon Gold Dividend rates ua dollars based on fimm NG 2000 e b Eiao: S k3 - Over a Third of @ Century Without a Loss to an LIFE INSURANCE SALESMEN Are Not Born they are trained and made by us without Address Box 312 ¥ Such gifts may be made in amounts from $250 up. B. F. SAUL CO. National 2100 925 15th St. N\W. Investor. BUILDING ASSOCIATION' 7th and Indiana Ave. N.W. LOANS On Impreved Distriet o Iumbla- Real Estate 69th Series of Stock Now Open for Subscription James E. Connelly. James F. Shea. President Seceretary THERE IS NO SUBSTITUTE FOR SAFETY ABNER DRURY BREWERY, INC. (A Maryland Corporation) A new corporation organized to lease the Abner Drury Brewery lo- cated in Washington, D. C. This is the only brewery now operating under a Government permit in the District of Columbia and manufacturing, selling and distributing near beer for beverage purposes. In the event of a modification or change of the existing laws to permit the manufacture and sale of beer for beverage purposes in the District of Columbia containing a greater alcoholic content than one-half of 1 per cent, the corporation will be in a position immediately to brew and sell such beer as may be permitted. COMMON STOCK (Without par value) $5.00 per share When, as, and if issued, subject to the approval of counsel This Stock Is Offered as a Speculation Circular will be furnished upon request. The corporation has agreed that it will make application in due course to list these shares on-the Washington Stock Exchange.