Evening Star Newspaper, April 19, 1935, Page 19

BANKERS PLEASED BYA.B.A COUNGI 2 Back Changes in Title 2 of 1935 Act—Other Titles Unopposed. BY EDWARD C. STONE. Washington's representatives to the ' * executive council meeting of the American Bankers' Association at Augusta, Ga., were back in the finan- cial district today, most enthusiastic over the four-day session. The bankers here were represented by Robert V. Fleming, preisdent of the A. dent of the Riggs National Bank; Edgar E. Mountjoy, who has repre- t sented the national association in the Capital for more than 15 years; Victor Tw B. Deyber, president of the Second National Bank, and George O. Vass, one of the vice presidents and cashier of Riggs National. The Spring meeting was rated as one of the most interesting on record. Conditions in the banking world made the many reports presented of more than ordinary importance. Naturally, the proposed banking act of 1935 probably was discussed more freely than any other topic. Bankers Oppose Title IL Bankers from all parts of the country are very strong for the changes suggested in title II by the association’s Special Committee on Banking Studies, their recommenda- tions now being before Congress. Title I and title III in the pro- posed act are causing little or no op- position among financiers. Title II, however, is held to open the way for | for too much political domination of | Washington Produce | ne-pound prints (92 score), 36; rints (90 score), 3 mv }.21‘..‘;2 Drints (89 score). 'S—Beef. kbfia- veal. lfl:|flv 7a19; i Suton 25a20; Iard, 16%sa 4 T i%. 1 Compound. 13814 et agTrices by the Un Unlud States gricultural Econol EGGS—] i Continues about_steady .y Current receipts. Jamb, edrime, 23t O LIVE POULTRY. dy. Shanged, prices oL Solored: .n llzu. Leghorns, 17a18: roostt 1a13d. Snnns chickens——Leghorns. =01 s. under 3la over 313 pounds. 25a26. Rirkeys—Hens, arket sf Fruits and Vegetables. Sales in large lDl! by original receivers P A BPLES ™ No ehriot agrivals: t broken cars on track. Bushel first vice | Pipimum, B. A. and presi- | Yorks minimum, 1.50; 23~ cher: Black a-inch .": mch ‘minimum. No. 1. r}’ inch 2i4-inch im Tinimum, 1508160 liclous. 2.50: CABBAG! one brokes ket hampers. “pointed _ty truck receipts, Dacked focally. = 0085 25, 2 CELERY. No catlot arrivals: ane broken and two unbroken cars on track. Sup- piles moderate: demand moderate; market da. 10-inch crates.” washed. a: CE—No carlot arrivals; six broken and five unbroken cars on track. Western stock: Supplies moderate: de- mand moderate: market steady. _Arizona, estern _erates, dozen. est erate demand moderate: Indiana. Michizan and 3 0. 0 % Tiow, Bumudn Ps commerclal. “$hal w6, 2 5 No_ catiot arrivals: o cars on 25: | an increase of 454 above the prec Rise 42,058 Cars Above Week Ago By the Associated Press. roads anonunced today that loadings of revenue freight for the week ended :‘r’.";"“' April 15 were 587,685 cars, an increase of 43,058 cars above the preceding week, 7,704 above the corresponding week in 1934 and 89,503 above the cor- responding week in 1933. 1 Miscellaneous freight totaled 240,040, an increase of 47 above the preceding week, 1345 above 1934 and 54,926 above 1933. Less than amounted 2,026 below the preceding week 4,500 below 1934 but an increase 470 above 1933. Coal amounted to 107,837 cars, an increase of 38,514 above the preceding carlot ofl cele) merchandise h‘rb bunch, to 161,259, a decrease of | 65a1.00; and | apples, Md., White potatoes, per 100 pounds, 40a 65; cobblers, 100 potatoes, The Association of American Rail- W!lwel. bushel, 75a1.15; pounds, 60a1.25; new bushel, 2.75a2.90; sweet yams, ham- dozen, one-half 6581.00; beets, 1581.50; 1.50; brussel sprouts, one-half drum .00a3.25; cabbage, hamper, 2.00a2.25; ry, crate, 2.50a3.25; carrots, per crate, 2.75a3.25; caulifiower, crate, 'mx ; cucumbers, bushel, 225a 300; kale, bushel, 50260; mushrooms, hnlm. 50a75; oni onions, 50 pounds, 2.50 00; radishes, crate, 75a1.25; rhu- 426; spinach, bushel, squash, bushel, 75a1.50; ‘bushel, 75a1.50; grapefruit, 25a2.50; oranges, 2.50a4.25; straw- rries, pint, 8al10. week, 11,680 above 1934 and 27,378 25; above 1933. Grain and grain products totaled 27,933, an increase of 2,318 above the preceding week but a decrease of 882 below 1934. In the Western districts loadings were 15,797, a decrease of 1,580 below 1934. Livestock amounted to 12,842 cars, eding week, but decreases of 2,152 below 1934 and 2,298 below 1933. In the : | Western districts livestock loadings to- " | taled 9,835, & decrease of 1,928 below | yieaqy: slaughter steers, good, 9.758 1934. Forest products totaled 24,389 cars, an increase of 77 above the preceding week but a decrease of 35 below 1934 | o and an increase of 7,429 above 1933. Ore totaled 7,453, an increase of 1 dozen, 24; medium, 32%a23; duck eggs, 20a 22; ; _young, 12a14; old hens, 20833; ducks, 11a22; pigeons, 20; guinea fowl, each, 25a50. Nearby current receipts, per 22%4a23; hennery whites, 28‘&. receipts, 3,570 cases. tter—Good to fancy, creamery, Bu per pound, 35a38; store packed, 22a23; rolls, 25a28; receipts, no tubs. Live Stock Markets, Cattle — Recelpts, 125; market 1.75; medium, 8:50a9.75; common, 6.50a8.50. Helfers—Good, 7.7529.00; medium, 175a7.75; common, 5.5086.75; low cut- ter and cutter, 4.75a5.50. 6.75a7.75; common 2,180 above the Dreceding week. 1642 | 4ng meanm, 42506.50; low cutter and above 1934 and 4,911 above 1933. Coke amounted to 5,932 cars, an in- crease of 494 above the preceding week, 606 above 1934 and 2,723 above 1933, . | STATEMENT IS ISSUED cutter, 3.50a4.50. Bulls—Good (beef), 6.50a7.50; com- mon and medium, 5.25a6.50; cutter, .0085.00. Calves—Receipts, 50; market steady; vealers, good and choice, 8.5029.50; medium, 6.50a8.00; cull and common, 5.0026.00. BY NEW YORK RESERVE Hogs—Receipts, 450; market steady; WEATHER CHECK RETAL ACTNTY Temporary Setback Reveal- ed by Dun & Bradstreet Report for Week. By the Associated Press. NEW YORK, April 19.—A tempo- rary setback in retail business this week because of adverse weather con- ditions was reported by Dun & Brad- street in its weekly trade review today. “Seasonal trade was retarded during the week, particularly in distributive branches, by adverse weather condi- tions which stretched nearly across the country,” the report stated. “Where rainfall and snow flurries did not prevail, the dust storms pro- vided the retarding factor to the rising demand for merchandise. Previous estimates of the April volume of retail sales have been revised downward, but the feeling is general that much of the loss will be recovered. * * * “In contrast to the recession in the distribution of merchandise, the lower- |.n¢ of production schedules was mod- rate and was confined chiefly to glass, wmles. shoes, tires and rubber goods as further increases were registered for automobiles, electric refrigerators, electric equipment, plumbing supplies, drugs, chemicals and foodstuffs.” “The slow movement of merchan- dise in retail channels was apparent, in the reduced buying of wholesale mar- kets, as the total of orders at many centers was the smallest in many weeks,” Dun & Bradstreet reported. “The expected rush of reorders failed to develop.” FRIDAY, APRIL 19, 1935. Reserve Balances Increase Sharply At Member Banks By the Associated Press, A transfer of Treasury deposits from Federal Reserve to member banks due to April 15 refinancing caused a sharp | 18, increase in member bank reserve bal- ances and an almost corresponding drop in Treasury cash and deposits during the week ended April 17, The weekly statement of the Re- serve banks disclosed that Reserve balances jumped $214,000,000 dur- ing the we?k, while Treasury cash and | $4 deposits with Federal Reserve banks was off $227,000,000. Monetary gold stock established its weekly new peak, rising $58,000,000 to a total of $8,672,000,000. ‘The weekly statement said: “The daily average volume of Fed- eral Reserve bank credit outstanding during the week ended April 17, as reported by the Federal Reserve banks, was $2,476,000,000, an increase of $15,- 000,000 compared with the preceding | 2 week and a decrease of $28,000,000 compared with the corresponding week | Hon in 1934. “April 17 total Reserve bank credit amounted to $2,470,000,000, an in- crease of $7,000,000 for the week. This increase corresponds with increases of $214,000,000 in member bank reserve balances, $51,000,000 in non-member deposits and other Federal Reserve accounts and $25,000,000 in money in circulation, offset in part by an in- crease of $58,000,000 in monetary gold stock and a decrease of $227,000,000 in Treasury cash and deposits with Federal Reserve banks.” IMPORTERS EXPAND STAFFS. NEW YORK, April 19 (P)—Ex- panding their plans for Fall, im- porters of consumer goods are said to be sending the largest contingent of buyers in three years, to Europe this Fall, FINANCIAR LOANS ON SECURITIES MOUNT 114 MILLIONS By the Assoctated Press. Loans on securities to brokers and dealers held by weekly reporting mem- ber banks in New York City amounted to $746,000,000 during the week ended April 17, representing an increase of $114,000,000 during the week. ‘The loans for the week ended April uu. ‘were $827,000,000. the announcement, the !Menl Reserve Board today gave the following detailed distributions of the loans over the three weeks dealt with: 1a New York—Aril 17, $402 000,00 10, $578,000,000; April 18, 1 tside New_York—April 17. $54.00( osgru 10, 3$4.000,000: April 1%, 1934, ‘¥% A-19 Markets Observe Good Friday, but Banks Are Open By the Associated Press. NEW YORK, April 19.—Virtually all financial and commodity rmarkets, domestic and foreign, suspended busi- ness today in observance of Good Friday. The exceptions included New York dairy, poultry, bar silver, foreign ex- .| change rates, and Federal reports of the various live stock centers. The banks were open. While the New York Stock Exchange and other securities markets will resume tomor- row, most of the commodity exchanges will extend the holiday until Monday. Leading European exchanges will be closed until Tuesday. —— FOREIGN EXCHANGES. 19 P —Forei 88t Bl in dortars, 4.54. SHEAFFER NET CLIMBS. FORT MADISON, Iowa, April 19 (Special) —The W. A. Sheaffer Pen Co. earned a net profit of $432,714 after providing for taxes and other reserves for the year ended February 28, as compared with a profit of $235,- 515 for the previous year. on lle' York in Montreal, 100. Night Final Delivery The last edition of The Star, known as the Night Final, and carrying a row of Red Stars down the front page, is ted at 6 pm. and delivered throughout the city at 55c per month or, together with The Sunday Star, at 70c per month. This is a ial service that many people desire for the very latest and complete news of the day. Call National 5000 and say that you want the “Night Final” delivered regularly to your home, and delivery will start immediately. truck hogs, 25 cents under quotations; 140-160 pounds, good and choice, 9.30a 9.75; 160-180 pounds, good and choice, 9.30a9.75; 180-200 pounds, good and choice, 9.4589.75; 200-220 pounds, good and choice, 9.0029.35; 220-250 pounds, good and choice, 8.7529.30; 250-200 pounds, good and choice, 8.65a9.10; 290-350 pounds, good and choice, 8.15a | 17; No 8.65; packing sows (275-425 pounds), 000 | good, 7.30a8.15: (275-550) medium, 000 | 6.05a7.10; pigs (100-130 pounds), good 00 | and choice, 7.7589.50. 000 | Sheep and lambs—Receipts, 25; 000 | market steady; Spring lambs, choice, 10.00a11.00; good, 9.00810.00; medium, 7.5029.00; cull and common, 5.00a7.00; lambs (90 pounds down), good and choice, 8.5029.50; common and me- |. . CKICAGO PBODUCE track. ~ Supplies moderate: demand mod- erate; market weak. South Carolina, bushel hamvers, 2.00a2.50. Potate Prices Steady. far too much political domination of private banking. The special com- mittee's report was highly praised and assured of all possible support. =4 The annual dinner Wednesday night brakenAnnd (ournl:nbr;lglz‘r%. c:gho'x? tr‘-oc's':r was thoroughly enjoyed. Roger Bab- | OId, stoc] gon offered much material bearing on the economic outlook and covered the business situation from many angles. Frank M. Totten, of the Chase National Bank, New York, made an unusually brilliant speech | from the standpoint of humor. He has been heard in Washington on several occasions, speaking before the American Institute of Banking. Savings Deposits lncrn.s,. One of the interesting reports made By the Associated Press. NEW YORK, April 19.—The state- ment of condition of the Federal Re- serve Bank of New York at the close of business April 17 shows: Gold certificates on hand = from United aine. 100 s Green Mountains. U. 8. No. Pennsylvania, truck receipts. sacks Round Whites. poorly States Treasury. Total reserves. Bills di!coum ured by Uni 15 duck: 570 youns white ducks. 4 up.’ 22%; geese. 15; capons. 6 118: on track, Round ano. % 37, Hent: shipi ml:nu. 801, ?mu-wc dull lnd 'uk . tra 4 o, nJ0-pound sacks Russet 2.50 W stock: Supplies marke! Spauldin, 5 N bie-head " Barrels, %30: U. 5. No. 7.50. SPINACH—No_carlot arrivals: no cars on track. _Supplies light. demand mod- erate: market st ady.” Nearby sectlons. bushel baskets. 1 STRAWBERRIES No carlot arrivals: no cars on track. Supplies licht; demand light: market ' steady. North Carolina, 3 vide range in condition. ht in open m Industrial advances Total United States 'Gov- ernment securities. Total bills and mnnue Uncollected i Fderal Reserve " ne actual _circulation Pederal Reserve bani note circulation—net . B No supplies: HEht. bushel crates, washed, " U vaing Jiritea fioer'x'&: e 3 = ¢ 8 5.445.01 Bliss Triumph: 665.445.000 e tesercenee e Member at Augusta was presented by T. J. Caldwell, vice president of the Union National Bank, Houston, Tex., and| president of the savings division of the A. B. A. He reported to the executive that the decline in savings deposits in the banks incident to the depression had been arrested and that the latest compilation of savings fig- ures by his division showed a gain of savings in banks for the country as a whole of three-fourths of a billion dollars during the year, with an increase of almost 300,000 de- positors. These figures, he said, were most important in that they were evidence of the vitality of savings in this country. i Orval W. Adams, vice president of no ligh | bu Suj Ap 1in L the Utah State National Bank, Salt|™'f: Lake City, and chairman of the Bank Management Commission, announced that his commission has about com- pleted a special study on a plan of | cost accounting for banks, outlining simple means for determining per item costs and presenting a clear-cut method for analyzing banking costs. ‘The plan is in two parts, one appli- cable to small banks and the other to medium size and large banks. Application on this plan presents a basis on which service charges can be installed with the assurance that they will be both adequate and equitable to the customers and the banks alike, Mr. Adams said. This last report is not as impor- | tant to Washington as to many other | cities, as local bankers worked out a complete system of their own before | - they adopted the standard metered | service charge plan which has been in force for a long time. It will be| interesting, however, to see how near this system of accounting comes to | the one in use here. 5 ma; Halls light; market steady. Florida. b pers. 'GREEN one broken and one unbroken cars on | track. express arrived hampers, mostly fair condition. 2.00; round, stringless EGGPLANT—Supplies light Flo; crat, condition low as 1.00. PEPP erate; market steady. crates, size, SQ light: hampers. white, wrapped. low_crooknecks’ 1.50a1.75. CUCUMBERS—! broken ur on track. demand bushel baskets. fancy. e L mt. bushel baskets. C. broken and one unbroken ca lifornia. AVOCAL alit es. 2. 00, according to variety andcond pint crates. 3.60a ' SWEET POTATOES—No carlot arrivals: cars on track. Supplies light: demand ht: “market steady. North Carolna, shel baskets Puerto Ricans and Nancy mostly around 1.0 OMATQES—! No"Cariot "arrivals: three B e o RSO (o pplies moderate: demand moderate ket steady. lnrmn? CAULIH.OWER—-Twu California arrived: one broken and track ket weak. four unbroken cars on Supplies light: demand light: mer- California, crates, 2.0 ASPARAGUS—No_carlot_arrivals broken and two unbroken cars on proximately 600 packages South a by exp nmved Supplies moder: ket steady. South odozen ches. 1o Cofassar: poor - condition, 1 50- fane cholce. 1008 ED VEGETABLES—No carlot ar- als 1m0 cars un fock, IMA S—Sllvnlles light: demand ushel ham- 3.50; fair to ordinary condition, BEANS—One Florida arrived: Approximately 00 packages by Supplies moderat nd light: market weak. green. flat type. e: de- Florida. bushel st 0 demand 114-bushel 00; poor ligh market steady. iy es. fair condition, 2.50 Peppers Also Steally. RS Supplies light; demand mod: orida, 1'2-bushel small plies “moderate: d steady. Fllorld R No carlot arrival market s: one Supplies moderate: market steady " Florida. 3.00: choice. 3:50; fair tondition, DISHES —Supplies light: _demand market “steady. North Carolina. 75 No carlot light: arrivals: two rs on’track rates. fexas. nalt 1.00a D, PES—Argentine, Western lettuce falr, condition. 2.50a: es. fornia, lugs. 33 | The Shawinigan Water & Power Co. CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, April 19.—The follow- ing is today’s summary of corporation news prepared by Standard Statistics Co., Inc., New York: Ford Motor Co—Company’s current year's output is expected to pass 500, 000 units by end of April. Muskegon Motor Specialties Co. declared a dividend of 50 cents on ac- count of accumulations on class A stock; last previous payment was 50 cents a on June 1, 1932; giving effect to current distribution. arrears on this ‘issue amounted to $5.50 a share. ‘Young (L. A.) Spring & Wire Corp.— Compeny had a net profit of around | $515,000 in first quarter compared with net profit of $311,883 in like 1934 period; it was said volume of business thus far in second quarter, together with orders on hand, indicate a continuance of about same rate Acmrdlnx to_variety. Yoo CANT, LOUPIB—I(nir.o. Jumbos. 5.00a Jumbos. 2.25; 0082.00. ac- three Cali- 4 ten ubro- 4.25_according to size. 2 SRAPEFRUIT: ~No carlot arrivals; three da. cording. o gine it RA‘ Ind cro‘:d nn en cars on track. boxes, 3. Secording to srade and sive. No carlot, arrivals: rs 97 frack. o 1. 3.76a 56, Secordink 8 grade LI—No carlot arrivals; one bro- ken car on_ track No carlot arriva lnd liu ne bro- ken car on track L. C. L. Express Arrivals. South Carolina. 18 108 bushel baskets areen pees, & 13 anari e meme Gl 09 Suahel ina. Baskels Carrots: 35, bushel baskets.iekiuce, 46-pint crates strawherries. 75 2 bus Bibs; Florida, 38 bishel ASkets cocumbe B8 crates segplant. 17 arsiey. 35 bushel baskets ereen peas. 52 baskets peppers. b4 ¢ 135 “bushel baskets e obeperries ;. Pel baskets mushrooms: Michigan. u! cartons rhubarb; Vlrllnll 5 barrels water- cress: unknown origin, 42 crates mixed vegetables. Koppers Gas & Coke Co. 1934 com- ::o& share earnings were $2.66, vs. dat. bushel bun':. which prevailed throughout first three months. Pennsylvania-Dixie Cement Corp.— Deficit, 12 months ended March 31, ‘was $743,266, vs. deficit, $1,549,736. Catalin Corp. of America—March quarter common share earnings be- fore Federal taxes were 18 cents, vs. 9 cents. National Distillers Products Corp.— Stockholders of company approved a plan for extra compensation for man- agement and employes; by recommen- dation of directors, the plan will not apply for 1934, but will start with 1935 and extend to subsequent years. United States Lea:ther Co.—Com- pany marked up sole leather prices 2 to 3 cents & pound since the last of March and has been making sales at the higher figures. Miami. Copper Co.—Vice President ‘Westlake said company probably will show & small profit for the first three months of 1935. e Kelly-Springfie] —A reor- ganization committee has been formed by various large holders of securities of company. Pittston 0’ 1934 deficit was $761,- March 31, was equal to 42 cents & share on combined preferred and com- with 43 cents Dunhill International, Inc. 1934 deficit was $467,620 vs. deficit $121,- WE WILL BUY Riversides Corcoran Courts Cesmopolitan Theatre & Office Bldg. C. B. Pennebaker Company, Inc. Southern Bids. ‘Washingten, D. C. National 2311 National 2312 National 2313 “Dealers in Unlisted Securities, Specializing in Real Estate Mortgage Bonds” FIRST MORTGAGE MONEY To Loanon D.C. and Nearby Mary- land Real Estate Prompt attention given to all applications -923.301.000 Total "depoits: | 2:251.707. « Ratio of total reserves to deposit and eral Re. 4 serve note combined SHAWINIGAN PBOHTS RISE. NEW YORK, April 19 (Special).— reports for the first quarter of this year gross revenue of $3,118,975, com- pared with $2,916,779 for the first three months of 1934. After all ex- penses and fixed charges, but before depreciation and income tax, surplus for the first quarter amounted to $722,686, compared with $641,016 for the corresponding period last year, 3 cl CHICAGO LIVE STOCK. CHICAGO. April 19 (# (United States artment of Asriculture).—Hogs. 6.000. | g buck, s. 2900 ¢ 140-160 pounds. igs scarce: packing sows, 8.1 200d hoice. 00: packing sow: -550 pounds, 7.50a8. d and choice, 100-140 pounds. 2.500; calves, 500: fed steers and vearlings weak to unevenly lower. mostly under high time Wed- nesday; ‘she stock very draggy, steady to weak; bulls and .vealers about 'stea ady: Do choice neen and vearlings nere uecud vealers. few 9.95 nd Staushter cille and veaicrs: Hice . B50-800 pounds, 10.75 3 1 dium, 6.50a8. 4a15; vellow, 5a15; pike, 30a35; 20a35; salmon trout, 10.00223.00; croakers, box, 3.00a5.00; gray trout, per pound, 12al5; per pound, 5al5; pound, backfin, 1.00a1.10; special, T5a seconds, low to 6. cull, 5.0026.00; ewes 90-120 pounds), good and choice. .00a5.00; (120-150 pounds), good and choice, 3.50a4.50; (all weights) com- mon and medium, 2.00a3.00 Grain market closed. Sea Food Market. Blue fish, per pound, 8a18; butters, 4al2; carp, 7al0; catfish, 5a6; eels, a10; flounders, 6al5; perch, white, rock, 20a2. bay mackerel, box, 8.00a15.00; lams, per 100, 40a95; snappers, 6a8; herring, 3a4; oysters, raw bar, 6. 7.00 selects, 4.005.00; culls, 2.008 shrimp, per pound, 15a23; spots, crab meat, per 5; regular, 60a70; claw, 45a50; shad, roe, Chesapeake Bay, pound, 28a30: 17a18; frogs, dozen, 1.00a2.50; sea bass, box, 6.00a12.00. Tobacco Market. Maryland frosted and inferior, per hundredweight, 3700a5.00; low to good, common, 5.00a19.50; medium, 19.00a 4.00; good to fine, red, 34.00a40.50; common, 3.00a 50; medium, 7.00815.50; good to fine, 6.00225.00; upper country burley, ground leaves, 1932 crop, nominal; firm leaf, fancy, 59.00260.00. ‘cholce, 75814, 0: ?fm -1,100 nound?. s 1 1 {MEMBER BANK LOANS ds, 11.75815.50; 4 ds. ot S5a10 00; common and me- 5.50; cutter and cutter, 150-5 50 Bulh 4Vurl!nll excluded), good (beet), 6. tter common and Drlcllclllv orn 'offer- Slaughter ambs: Lambs, 00 ds ips: L 20 pounds 8'65; common and pount hol weights, common and mtdlum. U. S. TREASURY POSITION. By the Associated Press. 2 ‘l&ld 25 0 early 50865 ai — 15" member banks in 91 leading cities CONTINUE TO INCREASE | By the Associated Press. Aggregate loans and investments of member banks of the Federal Reserve sywem in leading cities continue to show an uptrend as the vesult of hrzer holdings of securities. The Iatest weekly statement of the re- porting banks shows a gain of $57- 000,000 in Federal and Government | guaranteed obligations. Investments of the reporting banks have increased $568,000,000 since the | turn of the year. Total loans and investments of compare as follows: Week ended April 10. Preceding % Same week. Iast year .. $18.535.000,000 = /509,000,000 611,000.000 17The position of the Treasury on April $61.561.088: expendi- balance, $2.180.410.- XQC!’DLI for the month, r the fiscal year (since Jul: ! : Jitires, 36.404.- (includ! 77(‘.‘7’ 704 of 9 amerren:! axpe of ex- Afures. S5435.016.040; Fold ‘assets, 8.671. 750710 snuw Pt . customs Ly 208, r:nflltnnl 45 penditures: excess of expenditures, $3.144.- O18; assets, $7.744.201, Opens an Account Assets Over $1,009,000 Trust Loans For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Basy ln‘tfl;m!l ts for A{rfl 17 1934 (comparable gl | NEW YORK BAR SILVER. NEW YORK, April 19 (# —Bar silver steady, unchanged at 67%. OFFICE EQUIPMENT WE SELL, BUY or EXCHANGE Froewriters BAUM'S FURNITURE HOUSE 1416 Eye St. N.W. Ph, NA, 2184 ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. and Ind. Ave. N.W. LOANS Made on Improved District of Columbia Real Estate Security 74th Series of stock now open for subscription Mortgage Money For CONSTRUCTION LOANS and LOANS ON IMPROVED RESIDENTIAL PROPERTY in the District of Columbia 5v2% Prompt action B. F. SAUL CO: 925 15th St. Natl. 2100 A Equitable Co-Operative Bldg. Ass'n ASSETS $6,492,976.24 g Organised 1879. JOHN JOY EDSON. President. e 55th YEAR COMPLETED. WALTER 8. PRATT. Jr.. Secrefary. Subscriptions for the 108th Issue of Stock Being Received Do You Desire a Loan —on Real Estate or to Take Up First Mortgage? desiring money to purchase a home, property should will receive prompt and courteous attention. Loans Repayable Monthly Take 12 Years to Repsy Your Loan ! 915 F St. N.W. Nat. 1741 REAL ESTATE LOANS As Mortgage Loan Correspondent of the Me: litan Llfe Insurance Compnny we have ample funds available for loans in the District of Columbia and nearby Maryland and Virginia. - Repayable monthly at— $7.50 PER $1,000 51%% k. INTEREST CONSTRUCTION LOANS REALTORS S Washington Building For months we have been planning and buying mer- chandise to fit in with your Easter needs.. Below you will find the feature items. JOIN THE EASTER PARADE AT LIGGETT'S NAMES decorated on Easter eggs Leave Your Orders NOW at Your Nearest Liggett Drug Store BETSY PATTERSON Chocolate-Covered EASTER EGGS A big value at a real price Your choice of Fruit and Nut or Cocoanut in /-/?\ Easter boxes. {— A 92 29c Creamy Cen- ters filled with Fruits and Nuts or Cocoa- nut. Packed in always needed for Easter baskets 10c ! Rockwood’s Milk Chocolate EASTER NOVELTIES No Easter basket would be complete without some of these GUND STUFFED RABBITS — DUCKS — CHICKENS — DOGS A big assortment of sizes and kinds fo choose from. Made from velour and matural fur. Any child will take keem delight in one of these soft, cuddly teys. 59¢c RABBITS CHICKENS and EGGS 10¢ | Each amd up fe $2.98 make appropriate EASTER GIFTS SHARI Face Powder and Perfume, $1.50 value Inkograph or Ink-D- Cator FOUN- TAIN PENS, | 1-ounce size wwess EASTER EGGS All ready for youwr 'Elaflbmmbfl;hflym 3 for 10c Evening in Paris BATH POWDER and Toilet Water, both e Houbigant’s PERFUME, Coty’s FACE POWDER $1.00 size Ingraham Guaranteed WRIST WATCH